Rick Santelli is a CLOWN

That pretty much tell me all that I need to know.

Don't try to pull rank here as I take an "economics major" to mean that you once were an officer in the now disbanded army of what was formerly known as Union of Soviet Socialist Republics.

 

I think that you make a terrible mistake in the above analogy - - - linking someone's HOME to a financial market "trade".

 

I don't. You wouldn't buy a home if you expected the value to decrease any more than you would buy a financial instrument.

 

With all due respect, you make absolutely no logical argument whatsoever. The only counter argument that you make to debunk Santelli's claims is that their heads are up their asses and you're an economics major who knows what "moral hazard" is. Neither of these points, whether true or false, serve to properly discredit Santelli's points or provide credence to yours. You would think that atop the lofty pedestal of being "an economics major," you might have learned to provide arguments backed by reason rather make silly rhetorical claims devoid of intellectual merits. Being an "economics major" without the ability to engage in reasoned discussion really just makes you nothing more than a jackass.

 

Maybe my wife and I were exception to an unknown rule, but we bought a house knowing it could go down in value. The intangible benefits, though, helped offset the risk and the house only cost $30k. Whether the same possibility of loss makes sense for someone else would be likewise circumstance specific.

 

Fine. You were buying not only the hard asset, but also the intangibles like good schools, parks, mall, short commute, whatever. All those things still exist. You and whoever else bought for those reasons got the benefit of the bargain. No right for any of those people to bitch that the value of their home went down.

 

I’m not being a jackass here


But I would still like someone to make the case as to why I, or the untold others who’ve followed the same disciplined lifestyle

1.) Should me made to pay any more than we are now.

And / Or

2.)Why you believe we’re not already paying too much.


Please clue me in



Aside –

Last I knew we are one country, one people....

We have the right to disagree with each other vehemently - no doubt... , but I just don’t get all the name calling (in reality I guess I do but, but I reckon I choose to ignore it)

My point is; Look how apart we’ve become because of others greed, arrogance and incompetence.

We are all staring an uncertain future dead in the face, as are our children

It saddens me deeply

 

Sure. I'm thinking more of the moment - and I think it's inevitable, although I have no idea when - those subsidies start getting clawed back. At that point, a large class of people are going to get their pooched screwed.

 

Even in the worst case, your downside seems rather well contained.

 

yeah so the government should bail out everyone who bought stocks at DOW 14000 too because they were 'cheated' just like you. maybe you don't realize it but you made a dumb mistake and you should live with it