do you think america should apologise to the rest of the world

especially europe, for breaking the world economy ?

 

America Ferrera? The band America? Who exactly are you proposing to apologize?

 

america ferrera is so hot

 

sorry, you have reached a number that is no longer in service or has been disconnected...........

 

Sorry doesn't pay the rent.

 

I would like to personally apologize to the EU.

No sane person would build a economic construct where no one could print money in a recession, without the lie that was computers and algorithms can manage risk to the point we will never have a recession again. This was proven to be a fallacy when the GFC arrived.

Now, do you want to apologize to the world for insisting on continuing with a failed experiment?

 

Barney Frank, Bill Clinton and Chris Dodd certainly should certainly apologize and volunteer to the guillotine for forcing banks to loan to unqualified individuals in the USA. The subsequent mess is a direct result of those idiots forcing mandates upon the financial industry.

 

But not Sandy Weill, Greenspan, Summers, Giethner, Bernanke.....ect. right?

 

Sure, if you want blame a puppet for the master's action, go for it.

 

Right, the guys that pay the politicians million in lobbying and campaign donations are the puppets.......LMAO!!!

 

You think Ben Bernanke paid millions in lobbying dollars? He is essentially a government drone. I wouldn't be surprised if HE WAS PAID MILLIONS to bankrupt the old people in the USA to keep afloat the irresponsible idiots in the USA. The PAYER would be OBAMA through indirect sources.

 

You crazy SOB's!

 

No, there is no reason for that.

 

I think a "sorry" would be more of an insult than silence.

 

sorry is the hardest word to say

 

Printing money is not the problem in and of itself. The FED typically raises and lowers bank lending rates which has largely kept the economy stable (with one exception, the great depression in the 20's). Manipulating these rates can cause more or less money to be minted which can have a stabilizing effect on the economy.

However, today we have an economy suffering from mortgage securities that were falsely given intrinsic value by Fannie Mae then bundled into investment securities with the full faith and credit of Fannie Mae which, according to government oversight director Mr. Barney Frank who insisted that Fannie Mae was solvent (when it wasn't) when questioned by the Bush administration.

Keeping interest rates low is meant to stimulate banks into granting more loans in an effort to 'jump start' the economy however, Obama's economic policies plus Obamacare and now the unrest in the ME have undermined these efforts causing distrust in the market which causes money to be more tightly held as indicated by the rising prices of Gold and Silver.

 

well since it's so hard to say, let's try...... go take a nappy .......your always grouchy when you don't get your nappy or try eating a snickers candy bar

 

just say sorry then we can all move on

 

I'm new and moderate left. And I don't think we should apologize to anybody.

 

moderate centrist.......ditto!!!!!!!

 

I am sorry they elected a liar:

"We — this is a president who's gone out and done everything he has said he was going to do." (Biden) http://www.npr.org/2012/10/11/162754053/transcript-biden-ryan-vice-presidential-debate

"REP. RYAN: Let's not forget that they came in with one-party control. When Barack Obama was elected, his party controlled everything. They had the ability to do everything of their choosing, and look at where we are right now." (ibid)

I am sorry they passed the Community Reinvestment Act with not enough regulation of that aspect of banking because of Barney Frank, Waters and Meeks...:

"BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DivisIoN OF BANKING SUPERVISION AND REGULATION Date: September 30, 2005:"
"Another parameter that could be combined with LTV ratios to determine capital requirements might be a capacity measure such as a debt-to-income ratio." http://www.federalreserve.gov/BOARDDOCS/PRESS/BCREG/2005/20051006/Basel1Amemo.pdf

"The Charles Schwab Corporation ("Schwab,,)l appreciates the opportunity to comment on the Advance Notice of Proposed Rulemaking ("ANPR") issued by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of Thrift Supervision (together, the "Agencies") regarding proposed revisions to the Agencies' existing domestic risk-based capital rules...

...P. 14 Another parameter that could be combined with LTV ratios to determine capital requirements might be a capacity measure such as a debt-to-income (DTI) ratio. The Agencies seek comment on (1) the use of an assessment mechanism based on LTV ratios in combination with credit assessments, debt-to-income ratios, or other relevant measures of credit quality; (2) the impact of the use of credit scores on the availability of credit orprices for lower income borrowers, and (3) whether LTVs and other measures of credit worthiness should be updated annually or quarterly and how theseparameters might be updated to accurately reflect the changing risk of a mortgage loan as it matures and asproperty values and borrower's credit assessmentsfluctuate. While we do support the use of combining LTV and industry standard FICO type credit scores in a risk-weighted capital guideline, as noted above, we do not support the inclusion of a capacity measure such as debt-to-income ratio (DTI). Our concern regarding the inclusion of such a measure is two-fold: (1) DTI is a much more subjective measurement than LTV or FICO score, and is not consistently calculated and applied by all lenders. Different lenders will calculate both income and debts using various guidelines. Additionally, some lenders will base DTI calculations only on verified income, while others may rely on stated income. There is too much variability in how this measurement is calculated and applied for it to be a meaningful guide to risk-based capital guidelines. And, (2) statistics have shown that DTI is a much less robust predictor of probability of default, or loss given default, than FICO scores and LTVs.

We do not believe that the use of credit scores in the risk-based capital guidelines will have a negative impact on the availability or price of credit to lower income borrowers. While the cost of capital can generally affect loan availability and price, we do not believe that applicant income is necessarily correlated with credit score. Many applicants with lower incomes have acceptable credit scores, while many applicants with high incomes have unacceptable credit scores. Banks are motivated to grant loans to generate revenue and profit, and most banks have very progressive mortgage programs for lower-income and fIrst-time homebuyers. The Community Reinvestment Act provides additional motivation for banks to reach out to meet the credit needs of the low-to-moderate income borrowers in their assessment areas" (January 17,2006, http://files.ots.treas.gov/comments/3173270d-dbd0-4b64-b398-487753ad9f27.pdf )

"Fed to discuss max 50% debt-to-income ratio for borrowers, prohibition on 'stated-income' loans to subprime borrowers, and other new rules" (May 29th, 2007, 3:38 pm) http://mortgage.freedomblogging.com...ns-to-subprime-borrowers-and-other-new-rules/

I am sorry that they did not scream loud enough for laws, long before that, so they could lower that below 50%, so a rise in price of milk and cornbread due to unregulated ethonol production Obama voted for when I was screaming not to burn food, made it hard for a truck driver in a majority black Community Reinvestment Hood (where my elementary school went from 99.9% white to 99.9% black) to babysit a doctor's house in a housing bubble with an ARM knowing the truck driver could not pay the payments when the ARM did its thing.

I can be sorry, but cannot speak for others I have zero power over.

We the King will say we are sorry, for what we do, when I am appointed King.

 

A couple more things...

My first act as king will be to kill all those who appointed me king, my second act will be to restore the constitution, and then I will apologize for not being able to restore the constitution in my first act.

Quit thinking like a king, and putting curses on those that had no power when the deed was done. If the Congress wants to apologize, they do so for their deeds. The kingly "wee" Obamanation does not speak for me; he is NOT my commander-in-chief.

 

When Britain and the rest of the eurotrads apologize for (*)(*)(*)(*)ing up half the globe with their colonialism, which still affects two thirds of the third world countries today, we will apologize for the world finical collapse, deal?

 

alright I'm sorry about the whole colonialism thing. your turn

 

Ya, I was responsible when I bought my home, and put 20% down. So you're not going to get an apology from me. But maybe you should try and get an apology from your own financial institutions that bet on such a unsound market, as did American companies.

Better luck next time.