Stormsinger

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

siftbot says...

Congratulations! Your comment on Democrats are in deep trouble - even if Hillary Clinton wins has just received enough votes from the community to earn you 1 Power Point. Thank you for your quality contribution to VideoSift.

This achievement has earned you your "Silver Tongue" Level 3 Badge!

siftbot says...

Happy anniversary! Today marks year number 9 since you first became a Sifter and the community is better for having you. Thanks for your contributions!


siftbot says...

Happy anniversary! Today marks year number 8 since you first became a Sifter and the community is better for having you. Thanks for your contributions!


GenjiKilpatrick says...

I think you mispelled my usersname there.

@newtboy @GenjiKilpatrick.

FTFY

Or did you miss the part where Newt called me a smarmy dick?

I approached this new thread in a calm, polite manner.

Then, when asked not to drag our personal debate into this new thread..

Newtboy proceeded to insult me & cherry-pick a strawman argument.

Two wrongs? Eye-for-an-eye? That's perfectly acceptable now?


This is why the videosift community is a joke.

Stormsinger said:

@newtboy Why even bother trying to have a conversation with someone who has repeatedly made it clear that he -starts- from the position that if your opinion differs from his, you're nothing but scum? And then follows up with insult after insult, and not a single case of discussion.

Please don't feed the troll.

newtboy says...

He politely asked a focused question that could clear up the confusion, so I answered. I hope he reads my answer and will understand the misunderstanding, I made it as clear as I can, if he still acts the same, I'll say you're right and give up.

Stormsinger said:

@newtboy Why even bother trying to have a conversation with someone who has repeatedly made it clear that he -starts- from the position that if your opinion differs from his, you're nothing but scum? And then follows up with insult after insult, and not a single case of discussion.

Please don't feed the troll.

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.

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