Wall Street's Candidate//Romney: Likes to fire people//Disses 45 million Americans.

As usual both of you are wrong. The market was full of crappy mortgages which had no chance in hell to be repaid but not the seller or the buyer were losing money on trading those. The buyers (banks and financial institutions) in best cases are capitalized at about 5% with their own money and the rest is pension funds and private investors (average Joe savings). What they did was that they divided your pension money and your saving among themselves. This was not a business, it was one of the biggest frauds in the history, to rob all the liquid money (and even more) which was in the market.

 

Man: You are exactly like Mitt: You like firing people. You are similar to the Donald, the self aggrandizing reality TV guy(in the mold of the Kardashians) "You're fired!!!"

I suppose that means you have disqualified yourself from ever again whining about unemployment.

I hope you get outdoors and do your own yard work. Its healthy.

 

Yes, I do like being able to do what I will with my money. Why, is that somehow un-american? It also probably comes as no surprise to you that I'm a fan of the Donald. I can't see why you are complaining. I gave you your job back, didn't I?

I try and limit my outdoorsy activities to the outdoor patio seating of the bar.

 

With all that extra $$ and hopefully a thirst for knowledge you should take me up on those lessons I offered you. First you got everything wrong on suggesting that all cash buyers or developers could solve the issues with the $20 trillion US residential world and the $10 trillion US mortgage market. There aren't enough cash buyers to put a dent into it.

Then you had to spend days to come up with a sophisticated real estate concept...."shadow inventory". Good catch. I could have taught you everything you needed to learn about "shadow inventory" in a 1 hour lesson with a milk and cookie break for you.

 

Your english comprehension seems to be little better than my previous gardner.I said two things regarding cash buyers.
1) Your liquidity spigot would not effect cash buyers at all.
2) Cash buyers have been a huge factor in the residential marketplace for the last two years, and will continue to be until credit markets loosen.

Lea lo otra vez, por favor. Con mucho practica, puede apprender las palabras en ingles(despues su trabajo, por favor).

Not to be condescending, but I'm going to stick with the info I get from Goldman Sachs. Despite their recent foibles, I still view them as a more reliable source of information.

 

That's it. Both of you go stand in the corner until I say it's ok to come out.

 

And no peeking!

 

LOL !!!! OH NO, he used the word "fired", how terrible of him !! If I'm not happy with my cell phone provider I'm GETTING RID OF THEM, and changing to another service I'm happy with. Same goes with my TV / Internet provider. For someone to look at that situation and say that he "likes to fire people", is just plain dumb !

It's VERY pathetic that people need to try and dissect what he said to try and prove a point that can't be proven.

Corporations ARE made of up individuals. Corporations / Investment Banks are NOT the problem, nor are they the bad guys.