Stormsinger

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Member Since: May 19, 2007
Last Power Points used: May 16, 2011
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Comments to Stormsinger

oritteropo says...

OK, had a chance to watch the start of the video again to remind me of the context, and thought of some other ways to look at it.

1. You could, if you were particularly heartless, look at it as the individual failures of the people who borrowed money they had no hope of repaying. That I consider this a rather unfair way of looking at it is unlikely to stop the usual suspects from actually voicing this opinion.

2. You could look at it as a failure of risk management. Each individual player understood that there were risks involved, but each thought that passing the risk along to the next person would avoid the risk being their own! Nobody understood that they were creating a risk to the entire system.

3. You could also look at it as a failure of regulation. I am quite astounded that, amidst the sea of fraudulent activity by banks and their agents, there were no charges laid against anybody for the activities that brought about the GFC. The regulations also, in some cases, prevented banks from taking sensible steps to avoid default. Once the loans were bundled together, rules 'protecting' investors by preventing discounting were actually what caused the investors to lose their shirts.

4. You could look at it as a failure of business: In many cases, the folks who had been encouraged to take out these dodgy loans were actually going along just fine until the banks increased the interest rates. There was, therefore, a huge missed opportunity for someone to buy these loans in default at a discount, and let the homeowners keep paying the introductory rates that they quite clearly had been managing quite well.

oritteropo said:

I've completely forgotten the context of my comment... I'll have to get back to you on this.

I remember that it wasn't exactly the line the video took.

PlayhousePals says...

My two are total opposites. One is athletic and lithe ...the other, a sweet big bull in a china shop. I feel for my downstairs neighbors on many occasions.

Hope you feel better soon.

Stormsinger said:

You're so lucky! I don't normally even notice my kids being crazy...but I've been sleeping in the recliner for the last week (due to congestion from the flu), which puts me dead center of the race track.

Ickster says...

Just yesterday in a different thread I asked people to ignore the trolls, but had no luck. Maybe if we can get enough people repeating this . . .

Stormsinger said:

Personally, I'm done putting up with the trolls...all two of them now. I see not the slightest reason to listen to either one anymore, as I've never once seen them add anything of value to a conversation. Insults, logical fallacies, and racial slurs...but nothing of value.

I'll be treating them just like I do Fox News, and Sarah Palin. Let them starve for attention.

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MilkmanDan says...

Thanks, that helped. I got annoyed and tried to revert it when they appeared, but I didn't happen to look there. At the time I did a google search and came up empty, so I tried Settings -> Settings, but not Configure Inbox. So, maybe it was idiot-proof, but not for a big enough idiot like me.

In any case, that sorted me out.

Stormsinger said:

Not to be too snarky, but they did make it pretty fucking easy to get rid of the tabs. Settings | Configure inbox | check or clear the tabs you want or don't want.

Clear them all but "Primary" (which doesn't appear to be clearable anyway) and you're back to the old look.

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