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Devaluation Coming.....Yes, Virginia, it can happen here.

Discussion in 'Economics, Business, and Taxes' started by Sgt Staples, Oct 8, 2012.

  1. Days

    Days Governor

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    think how stupid this is...

    sovereign governments hand their currency over to central banks who then hang the governments with their own money.
     
  2. gabriel

    gabriel Governor

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    hahahahahaahah! disagreeing with your wild theories is stalking!! lol whinge much??
     
  3. gabriel

    gabriel Governor

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    im not sure i agree it was legally fraud.
     
  4. Days

    Days Governor

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    you aren't arguing the post, you are attacking the poster.

    I'll just report the post and let the moderators decide.
     
  5. Days

    Days Governor

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    Because you don't know anything about it. The New York AG wouldn't be filing multi-billion dollar suits against the biggest banks on Wall Street for fraud if there wasn't fraud.

    Have you ever been a mortgage banker?

    what is you basis for laughing at the post above? Want to spell out that LOL?
     
  6. Woolleybugger

    Woolleybugger Mayor

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    Days...you and I are not that far apart on the basics. I just don't agree with your remedy. The essence of this latest debacle is familiar. Too much credit....it has always been so.
     
  7. Days

    Days Governor

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    When the money is created out of thin air, and then put through the processes, finally it is received back at the bank that created it; at that point, what is the bank left with? Just a number. The money only has value in as much as there is commerce and industry that needs it. That's what I call the real economy. When the real economy closes its factories doors and opens new factories around the world, what's a bank to do? I don't think it is too much credit as much as it is too little real economy to invest it in.
     
  8. gabriel

    gabriel Governor

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    neither were you pal.
     
  9. gabriel

    gabriel Governor

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    nonsense, i wrote this

    fake loans and mortgages?? lol


    is that your name
     
  10. Days

    Days Governor

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    so you are just stalking me, calling me a liar every chance you get.

    The New York AG is suing JPMorgan for billions of dollars for FRAUD....

    but you toss it back at me as if I'm lying. Yeah, Gabe, fake mortgages, lol, AKA, fraud.

    I carried a license in the state of Illinois up to the summer of 2009 when I let it lapse.

    Everyone who knows me, knows that... pal.

    stop the stalking, Gabe.
     
  11. gabriel

    gabriel Governor

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    you were a mortgage broker. bankers risk money making loans. brokers are nothing more than middlemen. they risk nothing. dont worry, i watched degs refute your claims with ease. posting arguements against your claims is not stalking. you are in a public forum and your publicly expressed opinions (or facts as you like to call them) are open for challenge. if you dont like me challenging the posts you make, use the ignore button.
     
  12. EatTheRich

    EatTheRich President

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    Aren't they being sued for foreclosing on real homeowners based on fraudulent representations that they owned the title ... a symptom of the repackaging and repackaging of mortgages being that legal ownership often became unclear?
     
  13. Days

    Days Governor

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    they ought to be, but I think the suit is about knowingly reselling bundled mortgages that were rife with bad mortgages.
     
  14. Days

    Days Governor

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    You have a shiv up your spine and you are stalking me, attacking anything that your weak understanding thinks is a flaw.

    you did this and you got banned.

    now you go right back to it.

    two of the brokers I worked for were bankers. It makes very little difference, the loans get processed the same way and go through an underwriter; the only difference being that correspondent is a little more sticky. there was no difference in my license under brokers versus under bankers. Technically, we are tabling the money when we are the banker, but the money comes from the same source... its still a Lender warehouse line of credit that is closing the loan.

    From October, 2000 through June, 2009 I was employed as a Loan Originator in the state of Illinois.

    and you?
     
  15. gabriel

    gabriel Governor

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    brokers are salesmen. nothing more. they work FOR bankers.
     
  16. Days

    Days Governor

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    see that's where you are wrong.

    Goldman Sachs is a broker.

    I had to pass a state bar, keep up with continuing education, know all the laws and stay current on them; satisfying them with each loan. I probably knew as much Real Estate law as a lawyer... I would say by the end of my nine years I did. And I knew one heck of a lot more banking than they knew.

    But the point here is, you are attacking the poster, not the post.

    obviously.
     
  17. EatTheRich

    EatTheRich President

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    @days: You asked, "Have you ever been a mortgage banker?" as part of your argument from authority. Gabriel rightly pointed out that you also were not a mortgage banker.

    An analogous dialogue:

    You: I don't think fluoride should be added to municipal water supplies.
    Me: You're wrong. Have you ever been a dentist?
    You: I don't believe you were a dentist.
    Me: I got my associate's degree in dental hygiene and cleaned teeth for 8 years.
    You: That makes you a dental hygienist. Not a dentist.
    Me: It's pretty much the same thing. I had to get certified, I had to get malpractice insurance, I cleaned teeth, I diagnosed diseases, I had to obey legal and professional standards of care to ensure safe, efficient, and effective treatment of my patients, and some of the people in my office were dentists.
    You: Dude, you said you were a dentist and you weren't.
    Me: That's a personal attack, I'm gonna report you!
     
  18. Days

    Days Governor

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    look closer. He's been stalking me trying to say I'm a Liar and have never been a mortgage banker.

    read the whole thread... and this is not the first time he's done this.
     
  19. EatTheRich

    EatTheRich President

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    Stop pretendinv you were a banker and you'll stop getting called on it. But somehow "Were you ever a loan originator?" just doesn't have the same punch.
     
  20. Days

    Days Governor

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    From 2000-2005 I was a Loan Officer. Then they began the licensing in the state of Illinois. That's when I changed into a Loan Originator. Doing the exact same thing.

    where's your license, pal?

    you know what, I passed the BAR for Real Estate Salesperson two days after passing the BAR for Loan Originator. I could have been a Realtor as well, but never activated the License.

    Oh, and you might want to check my profession on that license....
     

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