THE Freddie Mac & Fannie Mae Thread (merged)

Byron100

While a lot of folks keep saying "vote the rascals out", I have this to propose.

Everyone who feels they don't make enough for what they get paid for...they need to go on a spending boycott NOW. Only buy what is barely essential to live, nothing more. In order to bring down the biggest scam in human history, the people have got to stop contributing to it by not buyin what they don't need. That means no more Wal-Mart, no more buying of new cars, no buying of new clothing, *no Christmas shopping*, buying non-processed foods, no eating out at chain restaurants (I'm partial to the mom-and-pop diner up the street, though, so lets go easy on them Wink

) and so on and so forth. And take out no debt of any kind, from here on out. Only way to kill the beast is to starve it, and yes, it can be done.

Anyone with kids have got to start teaching them the evils of materialism, and urge them to never, ever get a credit card or borrow money for any reason for as long as they live.

Only then will we be able to take back our country. It's our money, and it's about damn time we start holding on to it for a change.
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Nowhere to run, nowhere to hide...
...and the meek shall inherit the Earth!

zoidberg

I was thinking along the lines of the US government using the housing crisis as a way to seize large tracts of land to use for state subsidized housing, detention camps, solar farms, whatever else they might find useful. I wasnt so concerned about whether it would be a good investment or not.

I was also wondering if perhaps this situation may have been part of plan to seize large amounts of real estate with no fuss. Or if thats even worth considering. I mean if everyone's losing their jobs and cant afford housing and the peak oil crisis is going to make the recession essentially permanent wouldn't it be an option to solve the housing crisis?

Ludi

Nickel

jbrovont · Intermediate Crude Joined: Jun 16, 2006 Posts: 701

Things like this just shock me. Please don't take this like a partisan shot, because it's not at all.

...but how could anyone even entertain the idea of voting for a guy that takes advice on the economy from someone who destroyed HP? Would you want her for your personal financial advisor? Isn't that kind of like hiring a child molester to baby sit your child?

Again, this isn't a partisan shot. All I'm saying is, it's common knowledge Carly Fiorina can't manage the finances, or the leadership of a large business. Compared to the economy of the United States, HP is small fries - simple. It's a lemonaid stand, and she couldn't even handle that. ...and here's McCain trying to prove he can lead the United States while taking economic advice from her?

Um... problem. "Danger Will Robinson."

Edit: I think I should add that I'm not advocating Obama. All the PR, great sound bites and visionary photography haven't convinced me that he knows what he's doing either.

manu · Intermediate Crude Joined: Jul 26, 2006 Posts: 760

[quote="cube"][quote="threadbear"]

MrBill · Expert Joined: Sep 15, 2005 Posts: 5645 Location: Eurasia

Hi manu! I have to politely disgree with Cube's sentiments. Some feel that Peak Oil will be the great social leveler. I happen to disagree. Nothing in History points to a universal egalitarian society. As soon as I have two cows and a piece of land I am doing better than the man with one cow or the other with no land. I automatically start to become a capitalist. Albeit on a small scale. What I do with that surplus - spend it or invest it - depends then on how much capital - land, labor & cows - I accumulate.

Nothing says that once I have accumulated wealth that someone cannot come along and forceably take it away from me or my hiers, but it is almost impossible to stop me from earning it in the first place. Early to bed, early to rise, makes a man happy, healthy and wise is sage old wisdom as old as the world is young. You might even say that necessity is the Mother of invention! Although I was not there, obviously parts of the Kuran, Old Testiment, Bhagavad-Gita or Confucius sayings all relate to age old human desires and follies. That is human nature and peak oil will not change that. But you're right simple living and high thinking is our only salvation.
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The organized state is a wonderful invention whereby everyone can live at someone else's expense.

Homesteader

Ah! Time for some more cow economics. . .or is that politics?

SOCIALISM: You have two cows. State takes one and give it to someone else.

COMMUNISM: You have two cows. State takes both of them and gives you milk.

FASCISM: You have two cows. State takes both of them and sell you milk.

NAZISM: You have two cows. State takes both of them and shoot you.

BUREAUCRACY: You have two cows. State takes both of them, kill one and spill the milk in system of sewage.

CAPITALISM: You have two cows. You sell one and buy a bull.

Alternative: A COWSMIC VIEW OF WORLD ORGANIZATION

FEUDALISM: You have two cows. Your lord takes some of the milk.

PURE SOCIALISM: You have two cows. The government takes them and puts them in a barn with everyone else's cows. You have to take care of all the cows. The government gives you as much milk as you need.

BUREAUCRATIC SOCIALISM: You have two cows. The government takes them and puts them in a barn with everyone else's cows. They are cared for by ex-chicken farmers. You have to take care of the chickens the government took from the chicken farmers. The government gives you as much milk and as many eggs as the regulations say you should need.

FASCISM: You have two cows. The government takes both, hires you to take care of them, and sells you the milk.

PURE COMMUNISM: You have two cows. Your neighbors help you take care of them, and you all share the milk.

RUSSIAN COMMUNISM: You have two cows. You have to take care of them, but the government takes all the milk.

DICTATORSHIP: You have two cows. The government takes both and shoots you.

SINGAPORE DEMOCRACY: You have two cows. The government fines you for keeping two unlicensed animals in an apartment.

MILITARIANISM: You have two cows. The government takes both and drafts you.

PURE DEMOCRACY: You have two cows. Your neighbors decide who gets the milk.

REPRESENTATIVE DEMOCRACY: You have two cows. Your neighbors pick someone to tell you who gets the milk.

AMERICAN DEMOCRACY: The government promises to give you two cows if you vote for it. After the election, the president is impeached for speculating in cow futures. The press dubs the affair "Cowgate".

BRITISH DEMOCRACY: You have two cows. You feed them sheep's brains and they go mad. The government doesn't do anything.
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"The era of procrastination, of half-measures, of soothing and baffling expedients, of delays, is coming to a close. In its place we are entering a period of consequences…"
Sir Winston Churchill

KevO · Expert Joined: May 24, 2005 Posts: 2389

manu · Intermediate Crude Joined: Jul 26, 2006 Posts: 760

MrBill · Expert Joined: Sep 15, 2005 Posts: 5645 Location: Eurasia

Don't worry, so long as I am in power I will make sure the system is run efficiently and fairly. I am a benevolent dictator at heart! ; - ))
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The organized state is a wonderful invention whereby everyone can live at someone else's expense.