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LookieNoNookie -> RE: PMSNBC (11/4/2012 3:19:24 AM)
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quote:
ORIGINAL: Edwynn quote:
ORIGINAL: DaddySatyr Compared to what's going on today, 2004 looks like a boom year. Michael Sorry you missed it (that must have been a well decorated and very comfortable cave you were living in at the time), but 2004 was in fact a boom year, no comparison to today needed, so was 2005, 2006, 200...., ohy, woops. "You mean, we actually have to take account of fraud accounting and fraud rating agency ratings and fraud ponzi scheme securitization now? Whut up with that?" Tell you what Saytr, how about if Obama just gives you a credit default swap for whatever ails you, or the country? to advise one party v. another, That's what Clinton, Bush, Robert Rubin, Larry Summers, Phil Gramm, et al. did and Greenspan did, and it made 2004 a booming year, don't you remember? How come they just don't hand out those default swaps to homeowners who saw their equity vanish, then go to negative, even just sitting there and not doing any house flipping? Not even a re-fi. Just sitting there in retirement. You know, just as the banks are about to foreclose, let's just toss them a default swap and say "here ya go, chap!" "I'm defaulting, but I'll trade that for a 'credit,' just like you guys did with the government. That works, don't it? Whaatt? You mean it doesn't work that way for me?" Yeah, well, if you like that program, by all means, vote for the party that threw this particular party. Be a true party member of that party;crash the house, then complain about the maid service the next day, that's the ticket. Shunning responsibility is the name of the game, here. I'm too disgusted 1995, 1996 and 1997 were boom years, 2004, 2005 and 2006 were not. The only thing growing exceptionally well in 2004 - 2006 were housing prices. Wages fell. They rose in 1995, 1996 and 1997. Shunning responsibility isn't the name of the game "here", a lack of the most basic knowledge about history is.
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