Billionaire Peter Thiel warns if you ‘proletarianize the young people,’ don’t be surprised they end up communist

[cawacko]

OK.

But it also was not limited to the Wall Street banks. That point goes both ways.

So you have to explain why ...

Choice A : Bailing out Wall Street Banks and allowing them to pay out huge Executive bonuses while Regional Banks and home owners and valuations got devastated, leading to mass foreclosures and home devaluations, leading to a massive loss in MC wealth (plus whatever positive externalities you see [please detail])

Was a better outcome than ...

Choice B : Putting the exact same money Taxpayer into Regional banks by paying down the Citizens mortgages, thus diminishing the mass devaluation of homes, preserving a lot of MC wealth, which then allows for more MC consumer spending which is the thing needed to lift the economy back out of the devastation (where i list the positive externalities i see).


So i agree with you that in EITHER choice, you do not cover all the externalities of the other choice but explain to me specifically what are the harms you see if you do not take Choice A that are not covered by Choice B or that the POSITIVE externalities of Choice B, do not over shadow?

I’m not defending the bailouts per se, I’m just explaining why they happened as they did.

The goal at the time was to keep the financial system from collapsing (I know there were some people who were ok with it collapsing).

Without stabilizing the large institutions credit wouldn’t have reached anyone including regional banks, small business owners or homeowners.

It wasn’t about rewarding Wall St, it was about preventing a full financial meltdown.

 

[Into the Night]

it does help the individual who receives it though.

No, it doesn't. They wind up living in a slum, since the landlord cannot afford to maintain the property, then is kicked out altogether when the landlord finds a buyer of the land and the building is converted to some other use or destroyed and another buliding put in its place.

When forced to move, they will find there is little to no affordable housing.

 

[cawacko]

If you can’t house the workers you can’t have a functioning society


The rights ideas never solve anything and call all rational solutions communism

If you actually want to engage on the point I made, I’m happy to.

 

[Into the Night]

to recap.

Fascists are for a floor on housing prices but not for a ceiling.

Nope. Typically rent controls are on a ceiling of rent. They are designed to force cheap rent, ripping off the landlords.

 

[Into the Night]

to recap.

Our whole economy is a zombie economy.

The only zombies I see are the losers on drugs living in the streets.

There are a lot of people working and being productive, right down to your local Amazon delivery driver.

 

[Freddy Figbottom]

The only zombies I see are the losers on drugs living in the streets.

There are a lot of people working and being productive,

blah blah stfu dumb fascist.

 

[Freddy Figbottom]

Nope. Typically rent controls are on a ceiling of rent. They are designed to force cheap rent, ripping off the landlords.

in the case of banker bailouts they were a floor, and you neocon fascists were all for it.

you = dumb.

 

[Freddy Figbottom]

If you actually want to engage on the point I made, I’m happy to.

your banker bailouts have kept a generation of Americans out of housing.

good job fascist.

 

[Into the Night]

I’m not defending the bailouts per se, I’m just explaining why they happened as they did.

The goal at the time was to keep the financial system from collapsing (I know there were some people who were ok with it collapsing).

Without stabilizing the large institutions credit wouldn’t have reached anyone including regional banks, small business owners or homeowners.

It wasn’t about rewarding Wall St, it was about preventing a full financial meltdown.

Okay. Let's talk for a moment about this so-called 'collapse'.

Normally, when a bank gets itself into a financial bind due to poor management (which is what happened!), it does bankrupt and quite probably liquidated. That means some of it's debts are discharged and it's sold to another. That management can quite probably run the thing better than the last management did!

No collapse. Just businesses changing hands due to poor management and bankruptcy.

Due to the number of banks involved, and the interelated nature of loans between them, yeah, it would be rough year or two, but it would self correct.

What Obama did was interfere with it, causing an economic depression that lasted nine years. Obama called it the "new normal".

 

[Into the Night]

in the case of banker bailouts they were a floor, and you neocon fascists were all for it.

you = dumb.

Rent control is not a banker bailout, NoName. Pivot fallacy.

 

[Freddy Figbottom]

Rent control is not a banker bailout, NoName. Pivot fallacy.

I didn't say they were.

this is reference to the banker bailouts of 08 -10 which were a fascist floor on housing prices to keep the poors out of housing.

 

[QP!]

I’m not defending the bailouts per se, I’m just explaining why they happened as they did.

The goal at the time was to keep the financial system from collapsing (I know there were some people who were ok with it collapsing).

Without stabilizing the large institutions credit wouldn’t have reached anyone including regional banks, small business owners or homeowners.

It wasn’t about rewarding Wall St, it was about preventing a full financial meltdown.

BUt you are not "explaining" and are just repeating the political line and Wall Street line for why it was done.

I am not trying to do a gotcha and i truly want to know if you can explain, or you just accept, without understanding, what they told you.

If you do understand please explain.

I have listed a bunch of VERY positive externalities that would come directly from instead providing that tax payer money directly to regional banks, top amongst them is reducing the price valuation downward spiral, that leads to more foreclosures, which then leads to more price devaluations, which leads to more foreclosures and so on.

So yes they want to "keep the financial system from collapsing", which i give my arguments as to why increasing Regional bank liquidity and supporting home owner valuations and equity would do. You just say the words with no explanation, with no explanation. Please explain how INSTEAD giving it Wall Street banks for THEIR OWN liquidity and massive executive bonuses, achieves that in a better way????

And explain what this "Without stabilizing the large institutions credit wouldn’t have reached anyone including regional banks, small business owners or homeowners." as i cannot figure it out. If instead of the gov't handing Wall Street all that money they instead gave it directly to regional banks, are you saying that does not matter and the regional banks still do not get it?

 

[Into the Night]

I didn't say they were.

Yes you did. DON'T TRY TO DENY YOUR OWN POSTS!

this is reference to the banker bailouts of 08 -10 which were a fascist floor on housing prices to keep the poors out of housing.

Rent control is not 'banker bailouts', NoName. Pivot fallacy.
Banker bailouts are not fascism, it is communism.

Banker bailouts have nothing to do with property values.

 

[Into the Night]

blah blah stfu dumb fascist.

Capitalism is not socialism, NoName.

 

[Into the Night]

your banker bailouts have kept a generation of Americans out of housing.

good job fascist.

Banker bailouts have nothing to do with property values.
Capitalism is not socialism.

Go learn English. You are still having a lot of trouble with it.

 

[Freddy Figbottom]

Banker bailouts have nothing to do with property values.
Capitalism is not socialism.

Go learn English. You are still having a lot of trouble with it.

banker bailoust stopped the housing market from collapsing in the late 2000's.

you must have forgotten or are dumb or too young.

 

[Into the Night]

banker bailoust stopped the housing market from collapsing in the late 2000's.

Property values are not banks, NoName.

you must have forgotten or are dumb or too young.

Go learn English.

 

[Freddy Figbottom]

Property values are not banks, NoName.

Go learn English.

 

[cawacko]

BUt you are not "explaining" and are just repeating the political line and Wall Street line for why it was done.

I am not trying to do a gotcha and i truly want to know if you can explain, or you just accept, without understanding, what they told you.

If you do understand please explain.

I have listed a bunch of VERY positive externalities that would come directly from instead providing that tax payer money directly to regional banks, top amongst them is reducing the price valuation downward spiral, that leads to more foreclosures, which then leads to more price devaluations, which leads to more foreclosures and so on.

So yes they want to "keep the financial system from collapsing", which i give my arguments as to why increasing Regional bank liquidity and supporting home owner valuations and equity would do. You just say the words with no explanation, with no explanation. Please explain how INSTEAD giving it Wall Street banks for THEIR OWN liquidity and massive executive bonuses, achieves that in a better way????

And explain what this "Without stabilizing the large institutions credit wouldn’t have reached anyone including regional banks, small business owners or homeowners." as i cannot figure it out. If instead of the gov't handing Wall Street all that money they instead gave it directly to regional banks, are you saying that does not matter and the regional banks still do not get it?

Nothing personal, but I’ve said my piece and I’m not interested in going in circles.

My interest is housing, not rearguing 2008.

 

[Damocles]

Jesus wept.

John 11:35, your turn.