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Old 12-28-2010, 06:12 PM
 
69,368 posts, read 64,379,222 times
Reputation: 9383

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Quote:
Originally Posted by ambient View Post
Sure. It's always the poors' fault. It's never that anything needs to be reformed in this increasingly polarized society where the rich are richer and the poor and middle class have seen their living standards drop for years now. They should just go to Harvard and become rich investment bankers!
Yeah sure, its always the rich investment bankres fault..
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Old 12-28-2010, 06:25 PM
 
Location: Foot of the Rockies
90,295 posts, read 121,363,009 times
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Quote:
Originally Posted by Minethatbird View Post
Hate to break it to you, but my state had a high-risk pool long before BO swooped on in.
So did mine.
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Old 12-28-2010, 06:28 PM
 
69,368 posts, read 64,379,222 times
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Originally Posted by Katiana View Post
So did mine.
I know PA did as well.. thats how my dad got coverage with his pre-existing conditions...
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Old 12-28-2010, 06:33 PM
 
Location: San Francisco, CA
15,087 posts, read 13,514,295 times
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Quote:
Originally Posted by pghquest View Post
Yeah sure, its always the rich investment bankres fault..
Of course not. They're just getting lining their silk-woven pockets with billions in bonuses by cooking up schemes that screw the rest of society, such as selling the same near-worthless high-risk mortgage four times in a row and calling it AAA prime-grade stuff. That really worked out great for us all!
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Old 12-28-2010, 06:48 PM
 
69,368 posts, read 64,379,222 times
Reputation: 9383
Quote:
Originally Posted by ambient View Post
Of course not. They're just getting lining their silk-woven pockets with billions in bonuses by cooking up schemes that screw the rest of society, such as selling the same near-worthless high-risk mortgage four times in a row and calling it AAA prime-grade stuff. That really worked out great for us all!
Came across as nothing but a bunch of nonsensical rambling with absolutely no facts what so ever to back them up..

Especially considering the fact that it was GOVERNMENT which allowed the mortgages to be graded AAA.. Not investment bankers..
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Old 12-28-2010, 06:52 PM
 
8,952 posts, read 5,440,079 times
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Originally Posted by pghquest View Post
I know PA did as well.. thats how my dad got coverage with his pre-existing conditions...
Not possible ..... he needed BO and the other Democrats to SAAAVE him!
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Old 12-28-2010, 06:54 PM
 
8,952 posts, read 5,440,079 times
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Quote:
Originally Posted by Katiana View Post
So did mine.
You mean your state managed this without BO to lead them?

Shocking!
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Old 12-28-2010, 07:19 PM
 
Location: San Francisco, CA
15,087 posts, read 13,514,295 times
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Quote:
Originally Posted by pghquest View Post
Came across as nothing but a bunch of nonsensical rambling with absolutely no facts what so ever to back them up..
I can only guess that's because you haven't been paying attention to what happened. It's called "securitization" and "CDOs" if you want to look it up.
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Old 12-28-2010, 07:25 PM
 
69,368 posts, read 64,379,222 times
Reputation: 9383
Quote:
Originally Posted by ambient View Post
I can only guess that's because you haven't been paying attention to what happened. It's called "securitization" and "CDOs" if you want to look it up.
I'm very familiar with them.. Do you know why they were rated AAA credit? Try looking it up..

And while you are there, make sure you lookup WHERE the defaults originated because hint.. it wasnt America.. The initial defaults began in Switzerland.. Did you know that? Did you know that the money crunch had nothing to do with CDO's or securitization, but had to do with companies borrowing to pay their daily operating expenses? Please educate me ooh wise one..
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Old 12-28-2010, 10:38 PM
 
Location: Pittsburgh, PA
524 posts, read 1,041,523 times
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Quote:
Originally Posted by pghquest View Post
I know PA did as well.. thats how my dad got coverage with his pre-existing conditions...
The Commonwealth of Pennsylvania did not offer a high-risk pool to PA residents until August 2010, in response to the federally established temporary high-risk pool program.
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