Users Online Now:
1,192
(
Who's On?
)
Visitors Today:
376,008
Pageviews Today:
496,309
Threads Today:
156
Posts Today:
2,158
04:21 AM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
Where did the debt come from?
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 27655230:MV8yMDQ4NzkyXzM0NDQyMTU5X0NFQzY2QkM1] [quote:Anonymous Coward 1011606:MV8yMDQ4NzkyXzM0NDQyMTQyXzQwMEY4MzBD] [quote:Anonymous Coward 27655230:MV8yMDQ4NzkyXzM0NDQyMTA3XzU0MDlCMjg3] [quote:Zedakah:MV8yMDQ4NzkyXzM0NDI3MjY4XzI4MzRCMzVC] Try the Gramm-Leach-Bliley Act which gave incredible amount of power to banks over the people and expanded the Community Reinvestment Act. Since of course, people have a "right" to own a home, then they also have a "right" to get a loan to pay for the home (which would then mean the banks own the homes, but don't tell anyone). Anyway, the banks were allowed to just hand out loans to anybody who wanted a loan without any accountability. Of course, nobody actually payed their loans, and a few years (and wars) later we have massive debt as a nation. That's just for one source of debt and the bailout. The rest comes from simply spending more than you take in. That new federally funded public school that popped up in the inner city with graduation rates under 20%? That's debt. [/quote] that's a very good post. :rockon: [/quote] Not so good he didn't mention the main cause of debt in the US : Federal reserve act. That's the ONLY true cause of debt. [/quote] I think that at this level your info is a given though to be fair. You can't mention every level in every post. Fractional Reserve banking, Basel, Dodd-Frank, metal backed, act etc etc [/quote]
Original Message
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>