[shortonsense]

$this->bbcode_second_pass_quote('SeaGypsy', 'O')ne would think the least tht should happen in payback terms is exactly that. Every 2 faced slimebag involved in peddling sub prime mortgages to people obviously unable to repay; in my opinion at least, should be asset stripped pronto& permanently.
They callously manipulated and left millions struggling in their wake;

[SeaGypsy]

Having lived in impoverished Asia and Aboriginal Australia; I can promise that 80% plus of people here will sign anything put in front of them with a good sales pitch.

I know a guy here who recently split with his wife. Told her there are a heap of papers she needed to sign to arrange the separation.
Among this pile he placed a release of custody form for their child.

She didn't even look; signed the lot, now he has custody.

It's pretty easy for the savvy to say these people are stupid; but is the fact they trusted those they saw as their 'betters' really justification for equal blame?

[shortonsense]

$this->bbcode_second_pass_quote('SeaGypsy', 'H')aving lived in impoverished Asia and Aboriginal Australia; I can promise that 80% plus of people here will sign anything put in front of them with a good sales pitch.

[SeaGypsy]

Shortonsense.

I will bet 1 million USD (to be paid at the end of 2012) You live and have alway lived in a priveleged area?

When one is one of the 97% of the world who live below the OECD poverty line; and some farker comes and tells you how to be rich/ Oh my God you want to believe!

[mgibbons19]

Short answer is two parted -

a) we really do buy a lot of the shit on TV, even if your mower is ten years old.

b) understanding the importance of contracts is something that is a key part of US culture. Most of us learn it (or have it reinforced) by being bitten one or two times.

Australian aborigines are dealing with a different cultural background. Think about the appalachian hill ppl giving up their land to coal companies willy nilly. Those folks had no concept what was going on.

[SeaGypsy]

and descendents of slaves?

[pedalling_faster]

$this->bbcode_second_pass_quote('yesplease', 'R')ecession or depression is one of those in retrospect things since it's a label put on a recession, not a strictly defined term. During the great depression, over three years real GDP supposedly dropped nearly 30%. If we see something like that, I think it is safe to call this recession GD part two, but we're going to have to pull way ahead of the ~.5% drop we've seen since the recession started last December and average a ~15%/year drop in U.S. GDP over the next two years.

[JJ]

my filipina wife must be part of the 20%; she said what kind of fool would sign a contract without reading it? (of course she married me; we got married in the Philippines, with 20 sponsors signing our marriage contract Sea gypsy, we had the short version of wedding, lasting only two hours.

[SeaGypsy]

So JJ a fellowman in more than PO?

My wife is very savvy too.(Filipina)

18 sponsors 1 hour@ church 2 hour reception.

[timmatoil]

Ed Balls is considered the cleverest member of British Prime Minister Gordon Brown’s government, so his warning of a new Great Depression has spooked politicians around the globe. (http://globaleconomicanalysis.blogspot. ... years.html). Balls claimed that events were moving at a “speed, pace and ferocity which none of us have seen before” and that banks were losing cash on a “scale that nobody believed possible.” Even worse: Balls believes the new Depression will last even longer than the old one.

Via Stock Research Portal Blog (http://www.stockresearchportalblog.com/ ... al-economy)

How do you feel about these comments made?

[SeaGypsy]

Wow! A hint of realism from a senior G7 Government!

[JJ]

$this->bbcode_second_pass_quote('SeaGypsy', 'S')o JJ a fellowman in more than PO?

My wife is very savvy too.(Filipina)

18 sponsors 1 hour@ church 2 hour reception.

[eXpat]

Soros sees no bottom for world financial "collapse"
$this->bbcode_second_pass_quote('', 'N')EW YORK (Reuters) - Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.

Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union.

He said the bankruptcy of Lehman Brothers in September marked a turning point in the functioning of the market system.

"We witnessed the collapse of the financial system," Soros said at a Columbia University dinner. "It was placed on life support, and it's still on life support. There's no sign that we are anywhere near a bottom."

His comments echoed those made earlier at the same conference by Paul Volcker, a former Federal Reserve chairman who is now a top adviser to President Barack Obama.

Volcker said industrial production around the world was declining even more rapidly than in the United States, which is itself under severe strain.

"I don't remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniformly around the world," Volcker said.

[shortonsense]

$this->bbcode_second_pass_quote('SeaGypsy', 'S')hortonsense.

I will bet 1 million USD (to be paid at the end of 2012) You live and have alway lived in a priveleged area?

When one is one of the 97% of the world who live below the OECD poverty line; and some farker comes and tells you how to be rich/ Oh my God you want to believe!

[deMolay]

Timmatoil the Boomers the "X" the "Y" and there kids will never forget the lessons that we are all going to learn the hard way.

[Blacksmith]

I read everything, since this was once part of my job. You would be surprised what lawyers put into contracts.

Last year I rented a car and sat in their office and read the whole contract before I took the car out. Of coarse I got probably the smallest, oldest piece of junk they had on the lot, what surprised me other than what was in the contract was that I was the only one who read the contract.

[alokin]

$this->bbcode_second_pass_quote('', 'S')oros sees no bottom for world financial "collapse"

[TreebeardsUncle]

So, if Sorros is in on some plan to engineer this collapse, whom is it supposed to benefit? The banks and house builders do not appear to be doing very well. Those with a lot of cash are doing well by comparison.
g

[lowem]

$this->bbcode_second_pass_quote('TreebeardsUncle', 'S')o, if Sorros is in on some plan to engineer this collapse, whom is it supposed to benefit? The banks and house builders do not appear to be doing very well. Those with a lot of cash are doing well by comparison.

[alokin]

OK this was really tinfoil, but it may be possible that very rich people / institutions and or governments with or without money trying to influence the market.
If this makes sense on the long run, I don't know.