[QUOTE="SoBaus"]

[QUOTE="surrealnumber5"] mind filling in all of the blanks before i try to know how your question has anything to do with what i was saying about McD's?

surrealnumber5

900,000 people were rejected when applying to McDonalds in april.... where should they look for work next if they dont want to be "lazy leaches"?

that is kinda rule of thumb number one for being an adult, if those people did not cut the mustard at McD's then they should not have been hired, and the decision of who is and is not qualified to work at McD's is not a judgement i can make. frankly i dont know a damn thing about fast food, never worked it.

You realize, there are more people looking for work than there are jobs... so if everyone got a PHD in physics from MIT, most of them would still be unemployed? Again, this is how the unemployment rate works.

[QUOTE="SoBaus"]

[QUOTE="Nibroc420"] :| obviously that would depend on their location.Nibroc420

So you honestly think 900,000 jobs are sitting out there waiting? have you seen the monthly jobs numbers? only 38,000 private sector jobs were created in may.... These guys are lazy leaches not looking for work afterall, because the jobs are just out there... somewhere... if only these lazy unemployed a-holes would look... amirite?

unemployment insurance has to be paid by their employer... which essentially comes out of their pocket.

We should head down to the cancer ward at the hospital and yell at all those lazy leaches using their health insurance they paid for! Everyone knows you pay insurance, but never dare claim the benefits... otherwise you are a lazy leach!

[QUOTE="SoBaus"]

[QUOTE="surrealnumber5"] mind filling in all of the blanks before i try to know how your question has anything to do with what i was saying about McD's?

Nibroc420

900,000 people were rejected when applying to McDonalds in april.... where should they look for work next if they dont want to be "lazy leaches"?

So you honestly think 900,000 jobs are sitting out there waiting? have you seen the monthly jobs numbers? only 38,000 private sector jobs were created in may.... These guys are lazy leaches not looking for work afterall, because the jobs are just out there... somewhere... if only these lazy unemployed a-holes would look... amirite?

im not the world's greatest mathemaician, but i think 900,000 is greater than 38,000... which would suggest, maybe not all of the unemployed are lazy leaches.

[QUOTE="SoBaus"]

[QUOTE="surrealnumber5"] McD's pays over min wage, they may have a stigma about them due to media bashing the hell out of them whenever some inbred primate pours coffee on him or her self, but they are not the bottom of the barrel for jobs.

surrealnumber5

so where are the 900,000 jobs for the applicants rejected? We should get this info out to the public ASAP, because they are clearly hungry for work. Where are these jobs just locked and loaded waiting for them? The masses want to know...

900,000 people were rejected when applying to McDonalds in april.... where should they look for work next if they dont want to be "lazy leaches"?

[QUOTE="SoBaus"]

[QUOTE="surrealnumber5"] i gave two primary causes one was taking the risk of loss out of business george bush Sr. did that when he bailed out the S&Ls the second nail was the act that effectively mandated bad mortgages. reserve rates are set by the fed, not by individual banks, that is one of the keystoens of our Central banking system, the same system that chose to discourage savings by lowering interest rates another key power of the fed..

from your posts it seems you are fine and even like bubbles up to the point where they burst, but the more you inflate a bubble the harsher the correction that needs to take place.

surrealnumber5

So you are telling me, if the fed raised interest rates... all the mortgage borrowers that couldnt pay their interest rates wouldnt have defaulted, because they would have higher interest rates?

You can cut it six ways from sunday but the main reason, and the only reason our financial industry collasped... is because private banks took on more debt/risk than they could handle... and nobody was there to stop them. Bear Sterns, Lehman Bros... would not have gone under if they didnt overleverage themselves. There were no government regulations in place to control how much debt they were taking on.... pure and simple, thats why they failed. They didnt have the capital to cover their debts... and they went under... because nobody stopped them. It was purely free market.

You seem to keep wanting to bring the fed into this... for god knows what reason, i assume you read it on some conservative blog.

FYI: i dont venture blogsites and aside from here and facebook i dont do net pontification or interactions with others outside of those sites, i cannot be a political rube, as i have no one to follow.

you want banking to be a free market system, and it is anything but that, and you are even willing to ignore the CENTRAL bank in our Central bankingsystem and all of its actions over the last 25 years.

The federal reserve did not force banks to switch from giving home loans to people with a 650 credit rating, with 20% down... to giving variable interest home loans to people with a 500 credit rating and no money down.

They didnt force banks to overleverage themselves and take on debt they cant repay. They didnt force AIG to insure subprime mortgages.

all of the bad decisions that led to the market collapse were made by an unregulated free market.

Interest rates didnt cause the recession, in fact the fed was what prevented a great depression.

[QUOTE="SoBaus"]

[QUOTE="surrealnumber5"] i gave two primary causes one was taking the risk of loss out of business george bush Sr. did that when he bailed out the S&Ls the second nail was the act that effectively mandated bad mortgages. reserve rates are set by the fed, not by individual banks, that is one of the keystoens of our Central banking system, the same system that chose to discourage savings by lowering interest rates another key power of the fed..

from your posts it seems you are fine and even like bubbles up to the point where they burst, but the more you inflate a bubble the harsher the correction that needs to take place.

YellowOneKinobi

So you are telling me, if the fed raised interest rates... all the mortgage borrowers that couldnt pay their interest rates wouldnt have defaulted, because they would have higher interest rates?

You can cut it six ways from sunday but the main reason, and the only reason our financial industry collasped... is because private banks took on more debt/risk than they could handle... and nobody was there to stop them. Bear Sterns, Lehman Bros... would not have gone under if they didnt overleverage themselves. There were no government regulations in place to control how much debt they were taking on.... pure and simple, thats why they failed. They didnt have the capital to cover their debts... and they went under... because nobody stopped them. It was purely free market.

You seem to keep wanting to bring the fed into this... for god knows what reason, i assume you read it on some conservative blog.

I referenced that in the original post, i believe it started with carter (as an act against racism).... either way its basically the best republicans can come up for as a scapegoat as to why the free markets didnt fail and why its somehow the governments fault.

But its obviously a hot load.

[QUOTE="SoBaus"]

[QUOTE="QuistisTrepe_"]

Why would anyone do that? With the extensions in unemployment, we're all but encouraging people NOT to work.

surrealnumber5

Encouraging them to work AT WHAT JOBS? do you understand the basic definition of what an unemployment rate is? In April, McDonalds rejected 93% of applicants, MCDONALDS! thats a fast food place, the bottom of the barrel for jobs... accepting only the top 7% of applicants. What the hell do you want these people to do? Die on the street? thats pretty american of you.

At least unemployment benefits are a HUGE value to stimulating the economy, unlike trickle down.

so where are the 900,000 jobs for the applicants rejected? We should get this info out to the public ASAP, because they are clearly hungry for work. Where are these jobs just locked and loaded waiting for them? The masses want to know...

[QUOTE="SoBaus"]

[QUOTE="surrealnumber5"] setting interest rates lower than mkt rate tends to inflate other (asset) markets such as real estate, AG started that trend and the bernanke continued it, that is the whole inflating of a "bubble" the burst always follows and is actually healthy for the economy if the market is not propped up and is allowed to normalize, something we are fighting as hard as we can and sub prime mortgages should be assumed defaults, and have been by most of the people(not all) i have talked to within the banking and real estate fields.

surrealnumber5

Yea you bundle the crap with the good (and they knew they were making crappy loans), which is fine in mortgage backed securies.... up until the bubble bursts. Companies didnt go under because they carried enough in assets to cover their risks, they went under because they were overleveraged and their toxic assets sunk the ship. Shadow banking was too loosely regulated so they could take on these massive risks way beyond their ability to cover their debts, but of course... the reason nobody stopped them from gambling is somehow due to too much government regulation? Do you actually think a government law is in place to force investment bankers to overleverage themselves? If clinton did this i really want a link...

what ACTUALLY happened is they were making tons of money of security backed mortgages, and everyone was loving the money, so they went deeper and deeper taking on more and more risk thinking the gravy train would never end.... but unfortunately it did. If the government stepped in and said "you are taking on too much debt" meltdown wouldnt have happened.

from your posts it seems you are fine and even like bubbles up to the point where they burst, but the more you inflate a bubble the harsher the correction that needs to take place.

So you are telling me, if the fed raised interest rates... all the mortgage borrowers that couldnt pay their interest rates wouldnt have defaulted, because they would have higher interest rates?

You can cut it six ways from sunday but the main reason, and the only reason our financial industry collasped... is because private banks took on more debt/risk than they could handle... and nobody was there to stop them. Bear Sterns, Lehman Bros... would not have gone under if they didnt overleverage themselves. There were no government regulations in place to control how much debt they were taking on.... pure and simple, thats why they failed. They didnt have the capital to cover their debts... and they went under... because nobody stopped them. It was purely free market.

You seem to keep wanting to bring the fed into this... for god knows what reason, i assume you read it on some conservative blog.

[QUOTE="Nibroc420"][QUOTE="QuistisTrepe_"]

A rise in unemployment is a sign of progress. Man, wait until O's plan really picks up steam.

QuistisTrepe_

Why would anyone do that? With the extensions in unemployment, we're all but encouraging people NOT to work.

Encouraging them to work AT WHAT JOBS? do you understand the basic definition of what an unemployment rate is? In April, McDonalds rejected 93% of applicants, MCDONALDS! thats a fast food place, the bottom of the barrel for jobs... accepting only the top 7% of applicants. What the hell do you want these people to do? Die on the street? thats pretty american of you.

At least unemployment benefits are a HUGE value to stimulating the economy, unlike trickle down.

[QUOTE="SoBaus"]

[QUOTE="surrealnumber5"] do you know any thing about that act? because even a backed bank does not want to give loans that it knows are bad, that is the bank taking a known loss. to mitigate that loss they packaged these poison deals and sold them on the market, this caused some purchasing nortic nations entire financial system to collapse. it is good to see someone bit the media spin though, but if i could ask you, what is the point of loaning someone half a million when you know at most youre only going to get 10% of that if you hold the loan, and 85% of it if you sell it on the market?

surrealnumber5

The loans werent bad, assuming the housing market continued to increase.... they were only bad if the housing market declined... guess what happened.

Yea you bundle the crap with the good (and they knew they were making crappy loans), which is fine in mortgage backed securies.... up until the bubble bursts. Companies didnt go under because they carried enough in assets to cover their risks, they went under because they were overleveraged and their toxic assets sunk the ship. Shadow banking was too loosely regulated so they could take on these massive risks way beyond their ability to cover their debts, but of course... the reason nobody stopped them from gambling is somehow due to too much government regulation? Do you actually think a government law is in place to force investment bankers to overleverage themselves? If clinton did this i really want a link...

what ACTUALLY happened is they were making tons of money of security backed mortgages, and everyone was loving the money, so they went deeper and deeper taking on more and more risk thinking the gravy train would never end.... but unfortunately it did. If the government stepped in and said "you are taking on too much debt" meltdown wouldnt have happened.