Sarah Palin - Page 3

MSOsr · 10-18-08, 08:16

If someone offered you $1 mil. with $1000/mo. payments, wouldn't you take it? If you're smart, you would.

When the CRA act enforcement was modified to require making money available at terms where even deadbeats could qualify, others took advantage too. There were people who lived paycheck to paycheck that thought they could buy a house, make 2 or 3 payments, and then flip it for a big profit. Market slowed -- all of a sudden, they can't pay.

Had the gates to irresponsible lending not been opened by the change in enforcement/interpretation, the collapse would have never happened.

Furthermore, FM and FM bought all the risky loans (to enable Raines and others to maximize their bonuses), thereby putting banks in the position of "why not? I don't care whether this borrower pays or not, as I sold the debt to FM".

Why do you think so many cars get repo'ed over the years? The dealer finds a bank that would buy the paper from them...the dealer sells the car and gets paid by the bank...the bank runs the risk of the guy making the payments. You have the "seller" not caring whether the "borrower" can pay or not...so long as someone other than the seller assumes the risk. Same situation arose in the housing market.

Mike (would rather see Palin schmoozing Putin at the negotiation table than Obama giving away the farm to madmen)

calgarydetail · 10-18-08, 11:35

Quote:

Originally Posted by MSOsr

If someone offered you $1 mil. with $1000/mo. payments, wouldn't you take it? If you're smart, you would.

you would be smart if you read the fine print

Picus · 10-18-08, 05:43

Quote:

Originally Posted by MSOsr

...

I wasn't really looking for a debate on the economic situation in the US. Just pointing out that Courics question was valid.

BradNC · 10-18-08, 05:55

(back to the main question...)

A friend of mine told me the other day he was concerned about Palin's experience. I told him she has more than Jefferson, Washington or many of the other founding fathers. I don't want someone who is tainted with D.C. politics, I want someone to represent me and that is Palin.

I really, really, really......really like her. Really.
Brad

UpNorth · 10-18-08, 07:16

I rather want someone in the whitehouse who is smarter than the average bear and has at least thought about important issues before being called to act. We've already had 8 years of someone who votes from his gut and his sense of god's divine will for this nation. I don't want more of that.

Maybe one way to think about it is would you let your hot neighbor detail your prized car just because she seemed confident, you liked her and you thought she was fun? Heck no.

Here we have the equivalent of someone who has never even thought about the principles of detailing before. This doesn't mean that she couldn't learn to do a great job, but do you want to set her loose with a rotary when she has never even botherered to educate herself as to the dangers and how to avoid them? don't you want someone who has shown the least bit of curiosity about the responsibility she wants to undertake?

Running Alaska of late has not been much of a challenge, sort of like keeping a car clean that sits in the garage and never gets driven. Thanks to high oil prices, Alaska has had multi-billion dollar budget surpluses. Even with that advantage, Alaska still has people peeing in buckets in the villages and an inordinate number of poor children without health insurance. Way to go!!

I have to say too I liked and respected her more before she started being the campaign pit bull. And is it really too much to hope for that a leader be able to hold her own with Katie Couric. Our leaders should be able to answer predictable questions, and even hostile ones. If all they can manage is soft balls or delivering scripts to pre-screened supporters, are they really capable of facing a real challenge?

I'll be happy when the election is over. I don't know any undecided voters and can't imagine who they are, but I doubt the rest of us are budging in our support. Still, thanks for the platform.

BradNC · 10-18-08, 07:39

I don't think the other side has any more to bring to the table in regard to experience - to liken it to your analogy, I don't think they even have the Autopia Guide to Detailing IMHO.

Brad

No further comment from me on the subject.

UpNorth · 10-18-08, 08:17

My last two cents will be that I think Obama would have studied this whole site while Palin would blow it off and say I don't care how those insiders do it, I'm not blinkin', let'er rip.

We'll all just have to agree to disagree and let the votes decide it.

MSOsr · 10-19-08, 09:02

So you guys would go with the guy who never used a PC, a Quick detailer or 2 bucket wash, rather than the guy who used Simoniz by hand to polish his car, just in case the Simoniz guy died in the next 4 years?

Mike (shoots for the short run in his vote)

dave40co · 10-19-08, 09:34

I would go for the Simoniz guy, he knows what work is! LOL

Showroom Shine · 10-20-08, 04:44

Quote:

Originally Posted by MSOsr

If someone offered you $1 mil. with $1000/mo. payments, wouldn't you take it? If you're smart, you would.

When the CRA act enforcement was modified to require making money available at terms where even deadbeats could qualify, others took advantage too. There were people who lived paycheck to paycheck that thought they could buy a house, make 2 or 3 payments, and then flip it for a big profit. Market slowed -- all of a sudden, they can't pay.

Had the gates to irresponsible lending not been opened by the change in enforcement/interpretation, the collapse would have never happened.

Furthermore, FM and FM bought all the risky loans (to enable Raines and others to maximize their bonuses), thereby putting banks in the position of "why not? I don't care whether this borrower pays or not, as I sold the debt to FM".

Why do you think so many cars get repo'ed over the years? The dealer finds a bank that would buy the paper from them...the dealer sells the car and gets paid by the bank...the bank runs the risk of the guy making the payments. You have the "seller" not caring whether the "borrower" can pay or not...so long as someone other than the seller assumes the risk. Same situation arose in the housing market.

Mike (would rather see Palin schmoozing Putin at the negotiation table than Obama giving away the farm to madmen)

She's not ready to run this country. She needs to make her hubby go to work with Joe Plumber!

Picus · 10-20-08, 05:45

Quote:

Originally Posted by MSOsr

So you guys would go with the guy who never used a PC, a Quick detailer or 2 bucket wash, rather than the guy who used Simoniz by hand to polish his car, just in case the Simoniz guy died in the next 4 years?

Mike (shoots for the short run in his vote)

Not if the guy with Simoniz was using a wheel cleaner to polish the paint.

...if only it was that simple.

DavidB · 10-20-08, 06:24

Quote:

Originally Posted by dave40co

I would go for the Simoniz guy, he knows what work is! LOL

Oh, that cracks me up.