re: Charles Barkley dropped a truth bomb live on TNT and will likely get "Cancelled" for it

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Why would he get canceled for that?

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Because if someone, especially a public figure, makes any statement that does not adhere to the progressive narrative of white people being racist and all black people being victims of white racism, that person must be shamed, shunned, and expunged from society.

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I don’t follow all the cancel BS

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Are you familiar with the history of the Soviet Union where if someone spoke out with a viewpoint that was not politically acceptable they were basically erased from society? Cancel Culture is basically the same thing.

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It’s some made up shite for people on Twitter. That shite is over.

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No. It’s not “made up” and it’s far from over. It has real world consequences where people have their life ruined and livelihood taken away.

The government had a role to play in incentivizing banks to give out terrible mortgages to disadvantaged people, and that predates Obama.

However, the response to the financial crisis of 2008 and continued foray into endless liquidity being injected into the economy has absolutely increased wealth inequality through asset inflation and been a major factor to many of the socialist mentalities that have become somewhat mainstream, with the other major factor being the unchecked rise in tuition cost, also caused by government interventionism through the subsidization of student loans upon default.

Basically the government has tried to level the playing field for people and in so doing has bastardized their private market and created an even worse game than if they had simply done nothing. It definitely didn’t get better during the Obama administration and notably accelerated, but we trended this way for a while.

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The government has a role to play in incentivizing banks to give out terrible mortgages to disadvantaged people, and that predates Obama.

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I hear this but it makes no sense at all
What are these terrible mortgages?

Subprime and adjustable rate mortgages given to people with inadequate credit checks or income verification. One of the fundamental things that allowed for the mortgage crisis to come to fruition, combined with fraud on behalf of credit rating agencies who failed to rate the financial products these mortgages were pooled into accurately.

As people defaulted on their mortgages they never should have qualified for, mortgage backed securities that were highly rated began to fail, and that directly hit people’s retirement accounts and pension funds. The mortgages being defaulted upon at scale also caused major liquidity issues with the banks themselves which had its own cascading list of issues.

I’d say watch The Big Short for a great movie on the subject, but know it only focuses on the irresponsible behavior of the banks and berates the government for the bailout, but does not acknowledge the government had a role to play in the initial risky lending

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Subprime and adjustable rate mortgages given to people with inadequate credit checks or income verification

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That was everyone from 2005-2008
These havent existed for 12yrs now

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That was everyone from 2005-2008
These havent existed for 12yrs now

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I’m not sure what we are talking about. The financial crisis of 2008 was one factor got us to the social issues of today, and the fact that it led to QE policies is still very relevant today. The asset class bubbles in real estate, for example, is a direct response to excess liquidity floating around and being out into homes.

This asset inflation prices out certain demographics, usually focused on age, but either way, it isn’t great and fosters bad feelings between the haves and have nots

Well the idea was to help disadvantaged people qualify for mortgages, correct?

At any rate, my central thesis is risky lending which was at least partially encouraged by our government led to a financial crisis. Our response to that crisis through excessive money printing has truly been abysmal and led to a lot of socialist movements by people that feel the system is rigged against them. These movements combined with general race baiting get you newfound dislike between the races and wealth classes that didn’t exist before

Good for Charles Barkley.


Dude just blasted way up in my respect meter.

One single dumbass cuck downvoted.


Hopefully it was one of you fat fingered kids.

If not, identify yourself ... so we can tar and feather then publicly flock you.