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Message
re: Chase Bank tweets about personal responsibility; Reaction not positive
Posted on 4/30/19 at 9:41 am to EarlyCuyler3
Posted on 4/30/19 at 9:41 am to EarlyCuyler3
quote:
They pocketed the interest
Who are the "they" that you are referring to here? I have several bank stocks in my investment portfolio, so I and millions of other are part of the "they".
1
Posted on 4/30/19 at 9:42 am to LSUZombie
Some people find personal responsibility to be an offensive concept.
Posted on 4/30/19 at 9:42 am to RogerTheShrubber
quote:
Warren has made her living telling poor people that it's not their fault and the system is against them.
If you cant see how shes at least right in part, I dont know what to tell you. None of this excuses personal responsibility, but if you dont believe that banks knowingly and purposefully exploit the shite out of the poor, we cant really go any further.
Posted on 4/30/19 at 9:43 am to EarlyCuyler3
quote:
“I think you were misinformed,” Dimon said. “And I think that misinformation is leading to a lot of the problems we’re having today.
“JP Morgan took TARP because we were asked to by the Secretary of the Treasury of the United States of America. Put the FDIC in the room; the head of the New York Fed, Tim Geithner; chairman of the Federal Reserve, Ben Bernanke.
He added: “We did not, at that point, need TARP. We were asked to, because we were told, I think correctly so, that if the nine banks there, and some may have needed it, take this TARP, we can get it into all these other banks and stop the system from going down.”
Posted on 4/30/19 at 9:44 am to notiger1997
quote:
Who are the "they" that you are referring to here? I have several bank stocks in my investment portfolio, so I and millions of other are part of the "they".
Yeah? Did they send you a cut of their bonus checks too that they got when they were swapping the mortgages around?
Posted on 4/30/19 at 9:44 am to EarlyCuyler3
quote:
If you cant see how shes at least right in part, I dont know what to tell you.
Everyone in this country has a way out of poverty.
Posted on 4/30/19 at 9:45 am to RogerTheShrubber
quote:
He added: “We did not, at that point, need TARP.
Uhhh...
Posted on 4/30/19 at 9:45 am to EarlyCuyler3
quote:
but if you dont believe that banks knowingly and purposefully exploit the shite out of the poor,
How many poor do you think are running around with Chase bank accounts?
Here's a hint: the poor generally do not use banks
Posted on 4/30/19 at 9:46 am to RogerTheShrubber
quote:
Everyone in this country has a way out of poverty. ?
They sure do. And they'd get there a hell of a lot quicker if they weren't getting screwed. You're not comprehending that this is not mutually exclusive.
Posted on 4/30/19 at 9:48 am to LSUZombie
quote:
Reaction not positive
quote:
Patton Oswalt
quote:
Stephen King
quote:
Elizabeth Warren
frick all 3 of these motherfrickers
Posted on 4/30/19 at 9:48 am to EarlyCuyler3
90% of the time the poor are getting screwed because of their own damn poor choices. 
Posted on 4/30/19 at 9:51 am to notiger1997
quote:
90% of the time the poor are getting screwed because of their own damn poor choices. ?
They chose to be born poor? Come on man.
Posted on 4/30/19 at 9:54 am to EarlyCuyler3
quote:
Its like a lot of you cant comprehend that the banks knew these people wouldn't be able to pay their mortgages and still lent them the money because they had nothing to lose.
You are leaving out a very important fact. They were forced by the Federal Gov to make these loans.
Posted on 4/30/19 at 9:55 am to BACONisMEATcandy
They were absolutely not forced to make those loans. The banks tell the government what to do, not the other way around. 
This post was edited on 4/30/19 at 9:56 am
Posted on 4/30/19 at 9:57 am to EarlyCuyler3
Of course they don’t choose to be born poor dumbass. They choose to make many poor choices to allow them to stay poor. And yes many of those choices involve piss poor money management decisions
Posted on 4/30/19 at 10:00 am to EarlyCuyler3
Community Reinvestment Act rules from Clinton era required banks to make loans to people with poor and nonexistent credit histories — Its goal was to increase home ownership.
I'm not saying they are 100% without fault but to think banks tell the government what to do and when to do it is
I'm not saying they are 100% without fault but to think banks tell the government what to do and when to do it is
This post was edited on 4/30/19 at 10:01 am
Posted on 4/30/19 at 10:00 am to EarlyCuyler3
quote:
They were absolutely not forced to make those loans.
Idiot.
Posted on 4/30/19 at 10:02 am to LSURussian
do you have a source for this?
Not saying you are wrong, but it was interesting to me so i googled it and saw 1 article on a pretty sketchy site.
If what you're saying is true, then Chase basically took a loan it didn't want from the government and then they repaid the government with interest of probably close to half of a billion dollars as was set out in the TARP program.
interesting indeed.
Not saying you are wrong, but it was interesting to me so i googled it and saw 1 article on a pretty sketchy site.
If what you're saying is true, then Chase basically took a loan it didn't want from the government and then they repaid the government with interest of probably close to half of a billion dollars as was set out in the TARP program.
interesting indeed.
Posted on 4/30/19 at 10:04 am to BACONisMEATcandy
quote:
I'm not saying they are 100% without fault but to think banks tell the government what to do and when to do it is ?
They must just finance all those campaigns out of a sense of patriotic duty then.
And surely it's pure coincidence that the revolving door exists between treasury and wall street.
No, it's not as blatant as they way I framed it. But come on, you really think they spend all that money lobbying without the intent on getting the government to do their bidding?
I've got some ocean front property in Arizona to sell a lot of yall.
Posted on 4/30/19 at 10:06 am to Centinel
quote:
Many subprime lenders were not subject to the CRA. Research indicates only 6% of high-cost loans—a proxy for subprime loans—had any connection to the law.
Idiot. Idiot, indeed.
This post was edited on 4/30/19 at 10:07 am
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