700 BILLION DOLLAR BILL MUST READ

[johnyb]

Lending indiscriminantly is no doubt not viable in the long term. There are however what i see as deeper problems. I use to think it was logical that the banks loan out money that was entrusted to them by account holders and investors. I found out recently that the banks loan out much more than that. It is literally conjuration upon conjuration.   
Money continues to be conjured up for as long as people continue to borrow. Due to the way it works, it is impossible for all the loans to be paid back.

check out the following. It is called "Money as debt".
After i saw the video, it dawned on me that a bank can actually pay their account holders/ investors,  a higher interest rate than what they charge their borrowers(nothing to do with fees, but you will understand after watching the video), and yet still make a lot more money.

After you see it, tell me if you still think the crux of the problem is in indiscriminate lending.

The first link is rather simplified, but still good
http://www.brasschecktv.com/page/135.html   

The 2nd link i looked at after Gheller J had posted it in another post on this forum. It goes more in depth with the banking system (i am not even half way through it, but it seems pretty good so far)
http://video.google.com/videoplay?docid=7065205277695921912

[hakware]

Lending indiscriminantly is no doubt not viable in the long term. There are however what i see as deeper problems. I use to think it was logical that the banks loan out money that was entrusted to them by account holders and investors. I found out recently that the banks loan out much more than that. It is literally conjuration upon conjuration.   
Money continues to be conjured up for as long as people continue to borrow. Due to the way it works, it is impossible for all the loans to be paid back.

check out the following. It is called "Money as debt".
After i saw the video, it dawned on me that a bank can actually pay their account holders/ investors,  a higher interest rate than what they charge their borrowers(nothing to do with fees, but you will understand after watching the video), and yet still make a lot more money.

After you see it, tell me if you still think the crux of the problem is in indiscriminate lending.

The first link is rather simplified, but still good
http://www.brasschecktv.com/page/135.html   

The 2nd link i looked at after Gheller J had posted it in another post on this forum. It goes more in depth with the banking system (i am not even half way through it, but it seems pretty good so far)
http://video.google.com/videoplay?docid=7065205277695921912

Sure thing, ever since we went off the gold standard they were able to do fractional lending. A whole other box of rotten apples

[hypersoniq]

#1 The stupid shit making $30,000 a year who thought he could make payments on a $300,000 house

What about the stupid F$^&* companies that underpay that $30,000/yr employee

how about the ignorant F$%^s that are charging $300,000 for a house in the first place?

When you see what forclosed houses actually sell for (a better indication of their actual worth) at bank auction, you can see the REAL cause of the "bailout".

incessant greed drove the real estate market to record highs since 2002, outsourcing left MOST of us with salaries in the $30k range (IF we were lucky enough to even FIND a job after the NAFTA disaster)

These F$%^&*s with million dollar salaries needed to be drug out of their MILLION dollar homes and have a bullet to the base of the skull (on national TV) for mismanaging those funds away in the first place....
(NOT joking)

Get ready and watch the forclosures go NUTS when energy deregulation kicks in full force in 2010. . .

somebody should have dropped a 220v line in that AIG Spa...

[GeoscienceStudent]

Here's one more straw for that camel's back:
http://www.nationalpost.com/related/links/story.html?id=866536   October 8, 2008

Not only do we have the world economy going into the toilet, but the OPEC cartel is planning to cut the oil supply in order to increase the prices.  I guess Dubai has not made enough man-made islands.  Time to pull out the rotten vegetables...on second thought, move off of oil, and throw the vegetables on any congressional member that does not support increasing renewable resources and the increasing the technology to make this ability come to fruition. 
Here are some recent bills being introduced and tracking on how they and who is voting on them:
HR 6 http://www.govtrack.us/congress/vote.xpd?vote=s2007-226

HR 364  http://www.govtrack.us/congress/bill.xpd?bill=h110-364

HR 547 http://www.govtrack.us/congress/bill.xpd?bill=h110-547

HR 635 http://www.govtrack.us/congress/bill.xpd?bill=h110-635

HR 6049 http://www.govtrack.us/congress/bill.xpd?bill=h110-6049

HR 6709 http://www.govtrack.us/congress/bill.xpd?bill=h110-6709

I don't have rotton veggies.  Do you think Kitty poo will do?