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Overtaxed

Thorn Hill, TN

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#76565
Apr 18, 2013
 

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Pete wrote:
<quoted text>
Regarding the banking industry, it was actually mortgage lenders who were eager to make the quick buck and write easy loans.
Somewhere...a few thousand posts ago...I wrote about a friend I grew up with, who got a job as a loan officer in a small local bank. Eventually she went to work for Countrywide Mortgage Co. She was doing alright there...when the housing bubble began, since they paid salary plus commission and Countrywide was writing a lot of loans. She told me she followed the rules set out by the company and seldom bent those rules...even a little. When the bubble began to heat up, she was called on the carpet by her boss for TURNING DOWN TOO MANY LOANS. She told me that she brought him back the files of a bunch of loans she had denied and showed him why. And she was told "Are they breathing ? If they are... they qualify".
She relates that she made more in a few months than she had in a few YEARS and was promoted to a senior loan officer.
I couldn't understand WHY any mortgage company would engage in this behavior until I began to read about what happened to these loans AFTER they were made. They were packaged, and sold in bulk to investment banks which submitted them to the ratings agencies and turned them into investment vehicles. Some of these loans were turned in to the ratings agencies multiple times UNTIL they got favorable A or B tranch ratings. THEN those same investment banks bet against the success of these investment grade securities at insurance agencies like AIG.
You are right when you say that places like Countrywide are gone...but the others, well after the bailout they are as big or bigger than ever, thanks to the generosity of the American taxpayer.
Would Countrywide have engaged in this behavior if anyone was minding the store at the SEC ? I don't think so !
Hey

Cookeville, TN

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#76566
Apr 18, 2013
 
SexySassySenior wrote:
<quoted text>
Now, you think you can go back in time? You're just a little bit on the crazy side, aren't you, Hey?
That was a joke.Someone says whem were we ever not doing crap stuff and I say how bout 3 months way back when.Ha,Ha,Ha.
Seen any of those Zombies lately?Do you suppose they were hanging out in 1776,Sugar Babe? Do you like Sugar Babe better? How about Zombie Girl?
Hey

Cookeville, TN

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#76567
Apr 18, 2013
 
SexySassySenior wrote:
<quoted text>
I'm crazy about you in spite of the fact you can't do math...that "Sweet Pea" brings back some unpleasant memories, though...that's alittle troubling. I might have to cancel that "crazy about you" thing just anytime, now.
Wait a minute.What about my math?So 333 plus 333 does not equal 666?

Since: Feb 13

Guild

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#76568
Apr 18, 2013
 

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Great News!

After months of politicing by Obama and Crazy Uncle Joe - Harry Reid forced a Gun Control vote yesterday... the U.S. Senate voted it down 54 - 46.

In an epic FAIL

The Feinstein Amendment to ban 157 semi-automatic weapons and high (regular) capacity magazines...massively failed 60-40.
Bayless

South Pittsburg, TN

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#76569
Apr 18, 2013
 
Hey wrote:
<quoted text>
Wait a minute.What about my math?So 333 plus 333 does not equal 666?
If you turn that 666 upside down it's 999 kinda like Herman Cain's pizza deal or something

Since: Feb 13

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#76570
Apr 18, 2013
 

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Overtaxed wrote:
<quoted text>Somewhere...a few thousand posts ago...I wrote about a friend I grew up with, who got a job as a loan officer in a small local bank. Eventually she went to work for Countrywide Mortgage Co. She was doing alright there...when the housing bubble began, since they paid salary plus commission and Countrywide was writing a lot of loans. She told me she followed the rules set out by the company and seldom bent those rules...even a little. When the bubble began to heat up, she was called on the carpet by her boss for TURNING DOWN TOO MANY LOANS. She told me that she brought him back the files of a bunch of loans she had denied and showed him why. And she was told "Are they breathing ? If they are... they qualify".
She relates that she made more in a few months than she had in a few YEARS and was promoted to a senior loan officer.
I couldn't understand WHY any mortgage company would engage in this behavior until I began to read about what happened to these loans AFTER they were made. They were packaged, and sold in bulk to investment banks which submitted them to the ratings agencies and turned them into investment vehicles. Some of these loans were turned in to the ratings agencies multiple times UNTIL they got favorable A or B tranch ratings. THEN those same investment banks bet against the success of these investment grade securities at insurance agencies like AIG.
You are right when you say that places like Countrywide are gone...but the others, well after the bailout they are as big or bigger than ever, thanks to the generosity of the American taxpayer.
Would Countrywide have engaged in this behavior if anyone was minding the store at the SEC ? I don't think so !
<<yawning>>

The boring ignorance just rambles on and on and on with no end in sight. I doubt anyone even reads all this mess.
Overtaxed

Thorn Hill, TN

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#76571
Apr 18, 2013
 

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Nuh_ wrote:
Great News!
After months of politicing by Obama and Crazy Uncle Joe - Harry Reid forced a Gun Control vote yesterday... the U.S. Senate voted it down 54 - 46.
In an epic FAIL
The Feinstein Amendment to ban 157 semi-automatic weapons and high (regular) capacity magazines...massively failed 60-40.
Truthfully, I don't know if this is "great news" or not...Just as with most issues, there are many reasons to support this legislation and many reasons to oppose it.
I see no reason why a owner of a main street gun store has to subject his customers to a background check, but a person selling at a gun show, or on the internet doesn't....BUT, I have serious issues with the right to privacy issue on the mental health part of the legislation, and who will make the determination that a person is mentally ill enough to be denied the right to buy a gun legally.
I am quite sure that if God Forbid, I was a parent or grandparent of one of those kids at Newtown....I would NOT see this defeat as "great news".
I am all in for a limit to magazine size and outlawing the owneship of those already in private hands. If a person needs 30 or 50 rounds to shoot something, they are either blind or a lousy aim.
Overtaxed

Thorn Hill, TN

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#76572
Apr 18, 2013
 

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Really Sassy wrote:
<quoted text>
<<yawning>>
The boring ignorance just rambles on and on and on with no end in sight. I doubt anyone even reads all this mess.
Yes, I'm sure discussing issues is boring for you...especially when we could be discussing Linda, her children, her home, her car, her screen name, and the other great contributions you have made to the thread with your enlightened viewpoint.

Since: Feb 13

Guild

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#76573
Apr 18, 2013
 

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Overtaxed wrote:
<quoted text> Truthfully, I don't know if this is "great news" or not...Just as with most issues, there are many reasons to support this legislation and many reasons to oppose it.
I see no reason why a owner of a main street gun store has to subject his customers to a background check, but a person selling at a gun show, or on the internet doesn't....BUT, I have serious issues with the right to privacy issue on the mental health part of the legislation, and who will make the determination that a person is mentally ill enough to be denied the right to buy a gun legally.
I am quite sure that if God Forbid, I was a parent or grandparent of one of those kids at Newtown....I would NOT see this defeat as "great news".
I am all in for a limit to magazine size and outlawing the owneship of those already in private hands. If a person needs 30 or 50 rounds to shoot something, they are either blind or a lousy aim.
Right now there ARE background checks for internet sales - I do them all the time.

As far as magazine size, etc. I don't "need" a 30+ round magazine but I also don't "need" a car or a phone or electricity but I can have all three. I've been on this Earth 63 years and have never used a gun to harm anyone - except in 1968 at the order of the President of the U.S. Why should the government now tell me I don't 'need' a magazine of a particular size?

The 2nd Amendment does not specify that the gov't can tell you what you 'need' as far as arms...and it also doesn't specify that you need the arms for hunting either.
Scarlett Pimple

Jamestown, TN

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#76574
Apr 18, 2013
 

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Overtaxed wrote:
<quoted text> Truthfully, I don't know if this is "great news" or not...Just as with most issues, there are many reasons to support this legislation and many reasons to oppose it.
I see no reason why a owner of a main street gun store has to subject his customers to a background check, but a person selling at a gun show, or on the internet doesn't....BUT, I have serious issues with the right to privacy issue on the mental health part of the legislation, and who will make the determination that a person is mentally ill enough to be denied the right to buy a gun legally.
I am quite sure that if God Forbid, I was a parent or grandparent of one of those kids at Newtown....I would NOT see this defeat as "great news".
I am all in for a limit to magazine size and outlawing the owneship of those already in private hands. If a person needs 30 or 50 rounds to shoot something, they are either blind or a lousy aim.
Your statement about gun shows is partially incorrect. If you are a gun dealer selling at a gun show, a background check must be done, and the weapon cannot be transferred until the check is complete. States that have a waiting period ("But I'm mad NOW!") require that the gun be paid for in advance, and may be picked up after the wait period from a FFL licensed dealer.

There are sellers at gun shows that are not licensed dealers. In that case, they are considered private sales, and as such no background check is required, because it is a private sale.

Then there are people who just walk around the show carrying guns for sale. These sales are also between private individuals and can occur in the building or in the parking lot.

Every weapon I've ever purchased was a private sale, however, they were all from people I knew and trusted.

I'm afraid that the idea that private citizens will run background checks is preposterous, and serves to make every gun owner a criminal.

Why is it that we have to have knee-jerk reactions that force us to pass laws that won't accomplish anything more than "feeling good" that we did something?

Scarlett Pimple

Jamestown, TN

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#76575
Apr 18, 2013
 

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Nuh_ wrote:
Great News!
After months of politicing by Obama and Crazy Uncle Joe - Harry Reid forced a Gun Control vote yesterday... the U.S. Senate voted it down 54 - 46.
In an epic FAIL
The Feinstein Amendment to ban 157 semi-automatic weapons and high (regular) capacity magazines...massively failed 60-40.
And Obama is SO upset!

"President Obama angrily blamed the defeat Wednesday of his centerpiece gun-control proposal on lies spread by the National Rifle Association, calling it “a pretty shameful day for Washington.”

“The gun lobby and its allies willfully lied about the bill. It came down to politics.”

Politics, Mr. Prez? It's always about politics. And you are a master of it. For instance:

"As he spoke, Mr. Obama was surrounded by family members of victims of the Newtown, Conn., school shooting. Also with him was former Rep. Gabby Giffords of Arizona, wounded in an assassination attempt. "

Did the taxpayers pay to fly all these "victims" in? We all feel for these victims, but the legislation you proposed would not have prevented their misery.

But seriously, Mr. Prez. This vote came on the same day that Gallup released a poll showing that only 4% of the populace gives a crap about gun control. Are you that out of touch?

But we know that this entire issue is a smoke screen. You need to keep attention away from the miserable failure of your economic policies. Americans are concerned about jobs, and you're not.

Too bad the anger you're feigning over gun control isn't focused on the economic boondoggle. Certainly you can find some props to fly in for that one.

Since: Feb 13

Guild

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#76576
Apr 18, 2013
 

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Scarlett Pimple wrote:
<quoted text>
And Obama is SO upset!
"President Obama angrily blamed the defeat Wednesday of his centerpiece gun-control proposal on lies spread by the National Rifle Association, calling it “a pretty shameful day for Washington.”
“The gun lobby and its allies willfully lied about the bill. It came down to politics.”
Politics, Mr. Prez? It's always about politics. And you are a master of it. For instance:
"As he spoke, Mr. Obama was surrounded by family members of victims of the Newtown, Conn., school shooting. Also with him was former Rep. Gabby Giffords of Arizona, wounded in an assassination attempt. "
Did the taxpayers pay to fly all these "victims" in? We all feel for these victims, but the legislation you proposed would not have prevented their misery.
But seriously, Mr. Prez. This vote came on the same day that Gallup released a poll showing that only 4% of the populace gives a crap about gun control. Are you that out of touch?
But we know that this entire issue is a smoke screen. You need to keep attention away from the miserable failure of your economic policies. Americans are concerned about jobs, and you're not.
Too bad the anger you're feigning over gun control isn't focused on the economic boondoggle. Certainly you can find some props to fly in for that one.
I'm getting tired of the "feel good" legislation that does nobody any good. This gun law push won't save the first life. Legislation for the sake of legislation is childish.

Obama even thinking he knows a fraction of what it means to be a real man is laughable. His continued lies or ignorance of legal gun ownership should be enough to laugh him back to Chicago, as his knowledge of the subject is limited to that hellhole.
Hey

Cookeville, TN

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#76577
Apr 18, 2013
 

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Bayless wrote:
<quoted text>
If you turn that 666 upside down it's 999 kinda like Herman Cain's pizza deal or something
Hey Buddy you could be on to something.If you add 6plus6plus6you get 18 add 1plus8 comes to 9 and there may be the clue.However if you turn the 9 upside down were back to the 6.Hell this is one for Scotland Yard.Na forget that they're probably involved being Tony Blair and Bush hung out.
Sometimes it gets really hard getting this all wrapped up and all.But ya got to keep working at it.
It's nice to know there's someone else out there.
I saw a really close image of Obama's face in the tree bark this morning do you think that means anything?
Dunlapian

Dunlap, TN

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#76582
Apr 18, 2013
 

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Overtaxed wrote:
<quoted text> Somewhere...a few thousand posts ago...I wrote about a friend I grew up with, who got a job as a loan officer in a small local bank. Eventually she went to work for Countrywide Mortgage Co. She was doing alright there...when the housing bubble began, since they paid salary plus commission and Countrywide was writing a lot of loans. She told me she followed the rules set out by the company and seldom bent those rules...even a little. When the bubble began to heat up, she was called on the carpet by her boss for TURNING DOWN TOO MANY LOANS. She told me that she brought him back the files of a bunch of loans she had denied and showed him why. And she was told "Are they breathing ? If they are... they qualify".
She relates that she made more in a few months than she had in a few YEARS and was promoted to a senior loan officer.
I couldn't understand WHY any mortgage company would engage in this behavior until I began to read about what happened to these loans AFTER they were made. They were packaged, and sold in bulk to investment banks which submitted them to the ratings agencies and turned them into investment vehicles. Some of these loans were turned in to the ratings agencies multiple times UNTIL they got favorable A or B tranch ratings. THEN those same investment banks bet against the success of these investment grade securities at insurance agencies like AIG.
You are right when you say that places like Countrywide are gone...but the others, well after the bailout they are as big or bigger than ever, thanks to the generosity of the American taxpayer.
Would Countrywide have engaged in this behavior if anyone was minding the store at the SEC ? I don't think so !
OT, this is why we as Americans need to bring back the "Glass-Steagall Act".
Dunlapian

Dunlap, TN

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#76583
Apr 18, 2013
 

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Pete wrote:
<quoted text>
Sometimes, Topix posts amaze me. I get your concept Hey, but you are omitting some data here. Good ole Henry Ford never had to account for the following during the Model T years:
Social Security Tax
Medicare Tax
State Unemployment Tax
Federal Unemployment Tax
Franchise and Use Tax
Excise Tax
Workman's Comp Insurance
Health, Dental, Vision and other benefits
Retirement benefits
Competition from overseas
OSHA regulations
The United Auto Workers Union
If I didn't have to account for most of these things, I would triple employees pay tomorrow. If you compare today's wages plus adding the above to the wages Henry Ford paid during the Model T years and taking into consideration inflation, which one do you think would be higher?
One way to translate what you are saying is as follows - I want high wages, I want my company to take care of me, I want to be taken care of in case I can't work, I want my company to pay for healthcare, I want my company to provide for my retirement, I want my company to pay higher taxes - but .... I want my company to stay in business.
Who is at fault for not meeting all of these impossible expectations, the employee or the company?
Yeah, "Good Old Henry Ford", the guy that published, "International Jew"........nooooooo he was not anti-semitic. But if I bad-mouth the I.D.F. for wounding my brother and killing his shipmates, some posters call me anti-semitic.
Then you start bad-mouthing the U.A.W. Well back in the day Mr. Ford did not want no stinking union in his company, so he got his old buddy Henry Bennett to take out baseball bats on May 26, 1937 and started clubbing UAW Reps. over the head, as a buddy of Bennetts(who just happened to be the police chief) just watched."The Battle of the Overpass".
Now today we have our very own Gov. Haslam, who does not want the UAW to even talk to V.W. in Chattanooga. Even when over 60 V.W. owned factories accross the world are unionized.
Gov. Haslam needs to get out of Tennessee just to see how the rest of the world operates. I agree in Tennessee the Gov. knows how to pull strings, but that is not how the rest of the world operates.

So Pete Unions are not as bad as you think they are.
Pete

Shelby, NC

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#76584
Apr 18, 2013
 

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Dunlapian wrote:
<quoted text>Yeah, "Good Old Henry Ford", the guy that published, "International Jew"........nooooooo he was not anti-semitic. But if I bad-mouth the I.D.F. for wounding my brother and killing his shipmates, some posters call me anti-semitic.
Then you start bad-mouthing the U.A.W. Well back in the day Mr. Ford did not want no stinking union in his company, so he got his old buddy Henry Bennett to take out baseball bats on May 26, 1937 and started clubbing UAW Reps. over the head, as a buddy of Bennetts(who just happened to be the police chief) just watched."The Battle of the Overpass".
Now today we have our very own Gov. Haslam, who does not want the UAW to even talk to V.W. in Chattanooga. Even when over 60 V.W. owned factories accross the world are unionized.
Gov. Haslam needs to get out of Tennessee just to see how the rest of the world operates. I agree in Tennessee the Gov. knows how to pull strings, but that is not how the rest of the world operates.
So Pete Unions are not as bad as you think they are.
I didn't say they were bad. I simply said he didn't have to deal with them. However, in some situations, I do think they are bad.

Since: Feb 13

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#76586
Apr 18, 2013
 

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Hey wrote:
<quoted text>
Hey Buddy you could be on to something.If you add 6plus6plus6you get 18 add 1plus8 comes to 9 and there may be the clue.However if you turn the 9 upside down were back to the 6.Hell this is one for Scotland Yard.Na forget that they're probably involved being Tony Blair and Bush hung out.
Sometimes it gets really hard getting this all wrapped up and all.But ya got to keep working at it.
It's nice to know there's someone else out there.
I saw a really close image of Obama's face in the tree bark this morning do you think that means anything?
Yeah...you need your Psycho Meds changed.
You see, Hey, it's People like you, that just the thought of them being able to buy a Gun without an extensive Background check, just scares the begeebers out of the rest of us!
hey fat boy

United States

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#76587
Apr 18, 2013
 

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Haslam is a puke. Everytime talks about tapping social security like it's his friggin personal piggy bank, I wish someone would tap his thick coconut that he calls his brain. He's so out of touch that he has no idea about actual work.

Since: Feb 13

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#76588
Apr 18, 2013
 

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When he couldn't even repeat his Swearing-In Oath with out screwing it up, BADLY, anybody with one eye and half sense, should have known right them, that we were in deep trouble. And show 'nuff...
Dunlapian

Dunlap, TN

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#76589
Apr 18, 2013
 
Pete wrote:
<quoted text>
I didn't say they were bad. I simply said he didn't have to deal with them. However, in some situations, I do think they are bad.
However Pete, in some situations do you think they are good?

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