Well...
Economic instability can lead to political instability, which is the whole reason you don't go blowing bubbles in the first place.
Right now, we have Godwin's law (which is pretty funny - and true).
Soon, after this bubble hits the deep cracks in the minds of the Lumpeninvestoriat, everyone is going to start replacing Hitler with Alan Greenspan.
Eleua's Maxim: Eventually, everyone blames their economic troubles on Alan Greenspan.
Good night, gentlemen. It was a fun thread. No hard feelings?
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COUNTRYWIDE FACES "unprecedented disruptions"
Moderators: synthetik, The Tim, Lake Hills Renter
44 posts
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by rose-colored-coolaid » Mon Aug 13, 2007 6:31 pm
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by rose-colored-coolaid » Mon Aug 13, 2007 6:57 pm
- rose-colored-coolaid
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by perplexd » Mon Aug 13, 2007 9:47 pm
No hard feelings at all. I had fun. Never knew of Godwin's law, so thanks for that.
“Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.” - Daniel Webster
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by rose-colored-coolaid » Tue Aug 14, 2007 6:55 am
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by redmondjp » Mon Aug 20, 2007 11:35 am
Anybody else catch this article posted on MSN regarding countrywide:
http://articles.moneycentral.msn.com/Ba ... spx?page=1
My favorite part is the last paragraph:
This all sounds alarming. Should I be alarmed?
Don't be fearful. Be watchful. Countrywide has been well managed over the years, or else it wouldn't have grown into the biggest mortgage lender. Even if it were to declare bankruptcy -- a big if -- that doesn't mean it would shut its doors. It probably would continue to operate while it got its affairs in order.
Wow. The depth and purity of the propaganda reminds me of Orwell's 1984 which I'm reading right now.
Forget about the fact that their CEO has been dumping all of his shares over the past several months--no, nothing to see here, everything A-OK, move along, please!
http://articles.moneycentral.msn.com/Ba ... spx?page=1
My favorite part is the last paragraph:
This all sounds alarming. Should I be alarmed?
Don't be fearful. Be watchful. Countrywide has been well managed over the years, or else it wouldn't have grown into the biggest mortgage lender. Even if it were to declare bankruptcy -- a big if -- that doesn't mean it would shut its doors. It probably would continue to operate while it got its affairs in order.
Wow. The depth and purity of the propaganda reminds me of Orwell's 1984 which I'm reading right now.
Forget about the fact that their CEO has been dumping all of his shares over the past several months--no, nothing to see here, everything A-OK, move along, please!
Fighting off Affluenza on the Eastside since 1995
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- Location: Redmond, WA
44 posts
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