tag:blogger.com,1999:blog-8358039.post6180008099542476959..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: Apparently Some People Find Reading EnjoyableCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8358039.post-24882318775324417852014-02-21T01:40:04.225-08:002014-02-21T01:40:04.225-08:00My younger sister worked (still works) at Fannie M...My younger sister worked (still works) at Fannie Mae. She would tell her coworkers and bosses that housing was in a bubble and going to crash prior to 2008. They would say to her that Fannie Mae needed to buy sub-prime and other morgages or else they would loose out on market-share. She asked them why they would want a bigger piece of shit-pie. She told me that they all said she was crazy. She says that none of them have told her that she was right after all these years, but that they don't call her crazy anymore.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-14155195794011608752014-02-16T17:26:22.374-08:002014-02-16T17:26:22.374-08:00Don't blame the banks. The government created...Don't blame the banks. The government created the situation where the banks were subsidized or forced to give loans to losers.<br /><br />In the case of the government guaranteeing loans, it's just another case of it being rational to do an immoral thing. Just like food stamps, it may be immoral to receive them, but the government has made it a rational choice for people to do so. Can't blame the people. <br /><br />That's pretty much what the state does, make it rational to be immoral.Celtic Tiger Dadnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-21597919069956267222014-02-14T04:35:06.796-08:002014-02-14T04:35:06.796-08:00The wife of my oldest friend worked for Countrywid...The wife of my oldest friend worked for Countrywide during the housing bubble. He says that her and everyone in her office knew they were making lots of bad loans. How could the top executives of that company like Angelo Mozilo not have known too? My friend's wife knew the bubble was going to burst and moved over to another job right before it happened.Marknoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-64134210976956313872014-02-13T15:32:38.544-08:002014-02-13T15:32:38.544-08:00"The dame's scream hit an octave usually ..."The dame's scream hit an octave usually reserved for calling dogs,.. but that just meant I had a case."<br /><br />Calvin and Hobbes was great. BTW, have you ever read any stuff by Mickey Spillane? I could see you as a Mike Hammer fan.jaerichohttps://www.blogger.com/profile/08721378819936697447noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-28416856915345640942014-02-13T15:24:57.308-08:002014-02-13T15:24:57.308-08:00Read this shortly after "Enjoy The Decline&qu...Read this shortly after "Enjoy The Decline". I was truly astonished to learn how much my trust in bankers, lenders, developers, and borrowers was utterly baseless. Your first hand report really opened my eyes as to the depth of corruption and hence, self-imposed destruction, the industry was based on. More importantly it prompted me to shake off societal imposed naivety and question everything that I thought was was a stout foundation. Ultimately I found the manosphere when I consulted your blog. One can only imagine how stupid and clueless I felt to believe what I was brought up to believe. No more. can't thank you enough for the jacking up. Painful at the time, but needed to retain some semblance of sanity.Carlnoreply@blogger.com