Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

(REPOST) Just Started Reading Shock Doctrine...

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-25-08 07:30 PM
Original message
(REPOST) Just Started Reading Shock Doctrine...
...and it struck me that perhaps the "Mortgage Crisis" (or the mishandling of it) is one such instance ripe for GOP "reform".

Can anyone explain the sub-prime loan business and how it might be exploited for maximum GOP benefit?

Thank you!
Printer Friendly | Permalink |  | Top
 
robinlynne Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-25-08 07:31 PM
Response to Original message
1. I saw jesse jackson on Tavis last night saying that the subprime crisis is
affecting working class people, and not the financial institutions. (my oversimplification, but...)
Printer Friendly | Permalink |  | Top
 
ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-25-08 07:34 PM
Response to Reply #1
2. True...
...but that doesn't mean it will be used as an excuse to "reform" the laws, just as they did with 9/11 and the PATRIOT Act and New Orleans and schools.
Printer Friendly | Permalink |  | Top
 
fenriswolf Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-25-08 07:39 PM
Response to Original message
3. its not a GOP advantage
Edited on Fri Jan-25-08 07:39 PM by fenriswolf
its a corporate advantage. Think about it, someone defaults on a loan the banks are able to forclose on the house. That means they get the house, all the equity in the house and they don't have to pay back whatever has already been paid for it. They loose a bit in the short run because they are no longer collecting a mortgage payment but the gov is pretty good at bailing them out.

With the housing market going down the tubes that means contracting, construction, pest removal, etc anything involved in the upkeep and presentation of a house is going to loose buisness.

When a market plunges buisness plunge too, their total worth starts bottoming. This is when corporations sweep in and offer to buy them. You will notice that major real estate companies are not floundering like the minor ones, they are in fact flourishing. Picking up lost capital by engulfing smaller buisnesses at pennies on the dollar.

Just like the depression this is consumer engineering designed to take down private buisness and establish a corporate controlled environment upon a vertical and horizontal level.
Printer Friendly | Permalink |  | Top
 
ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-25-08 07:43 PM
Response to Reply #3
4. A corporate advantage IS a GOP advantage...
Edited on Fri Jan-25-08 07:44 PM by ColbertWatcher
...Halliburton

Blackwater

Ignite! Learning

Carlyle Group

General Dynamics

Waste Management

Astrive

and many, many more...
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed Nov 14th 2018, 04:16 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC