CNBC correspondent David Faber investigates the origins of the global economic crisis, with first person accounts from home buyers, mortgage brokers, investment bankers and investors — most of whom let greed blind them, leading to the greatest financial collapse since the Great Depression.
Thursday, February 12, 2009
Tonight at 8 PM on CNBC: House of Cards
Tonight at 8 PM ET on CNBC: House of Cards.
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I just watched it. Pretty easy to understand for those even with lance's intelligence. Wait, isn't lance still denying the bubble?
ReplyDeleteIt's about time someone actually said the greed was at the bottom feeders' level too.
ReplyDeleteAll this whining from homeowners but we are to blame at the end of the day. We’re part of the corruption, part of the system, part of the consumption.
We’re the ones who go and buy new cars, new houses, new everything…and then complain why we bought so much…it’s someone else’s fault.
We’re the ones who allow people in Wall Street go unchecked because we don’t participate in our country’s politics on a daily, weekly, or monthly basis. We just want to have a ballot sent to us every 4 years and think that’s all it takes to be a model citizen.
We’re the ones who signed our lives away on mortgage papers so that we could turn a quick buck in 6 months and be $400K richer by selling a POS $200K home for $600K because we put in “granite counter tops.”
People in today’s world don’t know what personal responsibility is. They don’t know what participation and taking an active role are. They don’t want to get involved in anything other than have a nice car, buy a home that makes money, spend money and have cheap fuel.
And then they come to blogs like this and think Wall Street is the only one to blame. Sure..they are bastards. But it’s because of us that they do what they do because they know THEY CAN.
Our fore-fathers had a lot more balls than we ever have had. Now go back to watching Everybody Loves Raymond everyday, 365 days a week and wonder why the star of the show gets paid $70 million dollars a year. Thanks to viewers like us.
Noz, you just made an argument against the way most people in this country conduct their day to day lives.
ReplyDeleteSo, if people alter their lifestyles in conjunction with the points that you made, what will happen to, say, the malls and strip malls of America? How about the roads and personal vehicles that make accessing the consumption centers (malls) possible?
Yep, the landscape will change. See the entry below about the death of Sbarros, Krispy Kreme, Circuit City, etc.
yeah but dunkin' doughnuts, pizzahut, bestbuy etc are still around. Just because a few go out of business, doesnt mean fat a** apathetic citizens have changed their life style.
ReplyDeleteAnonymous said...
ReplyDeleteNoz, you just made an argument against the way most people in this country conduct their day to day lives.
So, if people alter their lifestyles in conjunction with the points that you made, what will happen to, say, the malls and strip malls of America? How about the roads and personal vehicles that make accessing the consumption centers (malls) possible?
Yep, the landscape will change. See the entry below about the death of Sbarros, Krispy Kreme, Circuit City, etc.
February 13, 2009 7:33 AM
ANON:
What do you think should happen? More appropriately...what you think should NOT have happened for us to NOT have gotten into this mess?
We've been gorging. We have too many malls. We've got too many suburbs. We've got too many cars. We buy too much junk from China of which more than half finds its way into our landfills which your children will end up inheriting and cleaning up.
It's been overdone. Over consumed. Things need to slow down...things will slow down. And that's a good thing.
It's shocking isn't it. Less cars, less waste, less pollution, less consumption. What are we going to do with ourselves?
Noz, I agree with you. (Anon 7:33AM here)
ReplyDeleteMy questions were rhetorical.