865300+ entries in 0.545s
benkay: mircea_popescu: wouldn't expect him
to bend over for a reaming in public from someone who's been on record for years screaming about
the ease of scamming noobs in
the coinspace
benkay: mircea_popescu: "Was I scammed? Were
their accounts really hacked? Who knows. I'll stick
to programming."
Anduck: well everyone who bets my side will win
too
Anduck: i bet at it and i
think i will win
dub: as usual you have it ass backwards, you want
to educate niggers about
taking impossbiel positions instead of removing
the incentive fo banks
to offer impossible positions
Namworld: Why would he be arguing against protecting property buyers/helping
them
then?
Diablo-D3: I
think mircea_popescu lost a lot of money in property and now is butthurt
mircea_popescu: past
that,
the subhuman scum has absolutely nothing
to say
that might redeem it.
jborkl: mp, about
to hit yourself in
the head witha hammer?
Diablo-D3: benkay: if you believe
that, you will never have power.
mircea_popescu: probably should have ignored
the guy much earlier, in retrospect.
benkay: Diablo-D3: power is acquired by force.
that is
the only rule.
mircea_popescu: dude i really wish we have a
two week level field, so we just see exactly what happens
Diablo-D3: so until
the rich decide
to play by
the same rules as everyone else,
they should be severely limited in
the economy
benkay: Diablo-D3: at
the bankers behest.
benkay: Diablo-D3:
the highest power in
the land is
the government, which is fucking
the idiots.
Diablo-D3: benkay: yes, and its illegal, by law (the highest power of
the land)
to use said power
mircea_popescu: benkay because i don't like
the pretense of
the powerless.
benkay: people with power fuck
those without
benkay: it's just power dynamcs - why are y'all getting hot under
the collar?
mircea_popescu: forward march
to
the organ banks,
the chinese have a
transplant problem.
Diablo-D3: dub: no,
thats just covering up
the fraud with an even bigger fraud
mircea_popescu: no,
the law should be, if you have a mortgage you can't cover it's one pound of flesh per 1k dollars.
dub: the fraud is govt bailing out banks who lend
to niggers
Diablo-D3: wow, mircea_popescu is just a
troll
mircea_popescu: all
the americans
that shjould have been poor and humble do not get
to excuse
their grandstanding behaviour now.
Diablo-D3: mircea_popescu:
they would
tell people
to write in false numbers off a
table because "thats how
the bank works"
mircea_popescu: what's wrong with begging me
to let him live in my garage ?
mircea_popescu: who
told joe blow
to sign on
the dotted line for a 5mn house ?
Diablo-D3: mircea_popescu: yes, but
they signed forms
that said one
thing but meant another
benkay: Diablo-D3: and
the bank operators are vastly more wealthy
than
they were before.
dub: the problem with
the US is
the banks have no incentive
to lend
to people capable of servicing
the loans
Diablo-D3: its worth FAR less
than what
the loan was for (mainly because major banks conspired
to jack up
the housing market) and now
they cant sell it
to anyone
benkay: Diablo-D3: except
that money is now securely in
the hands of far smarter humans.
mircea_popescu: much like all
the money asicminer ppl
thought
they had.
Diablo-D3: even if
they get
the house back,
the house is worthless
Diablo-D3: they loaned money
to people and now
the money is gone forever
Namworld: Hmm, maybe contracts are more obscure in
the US
Diablo-D3: benkay: idiots yes, but I
think
the banks are
the ones
that are
the idiots
Diablo-D3: Namworld: I dunno, Ive read
through contracts
that Ive had
to double check with law dictionaries and case law just
to make usre it said what I
thought it said
dub: while you're
there you have
them asses any contracts as well as
the
title and assoc documents
benkay: Diablo-D3: news
to me.
benkay: Diablo-D3:
this isn't already a nation of idiots who've
taken on
too much debt without
the revenues
to make payments?
Namworld: Contracts with consumers aren't chinese either.
They're just long and boring. Since when are contracts gibberish? You can still understand what
the contract says.
dub: in dubistan you CANT
transfer property
title without a lawyer,
they do
the
transfery bits
Diablo-D3: benkay:
then
the entire US economy crashes because now we have a bunch of houses no one can live in
mircea_popescu: Diablo-D3 how come
they have sex, while sex isn't mandatory ?
Diablo-D3: its not HARD
to educate people in legal basics, it'd be 3 or 4 year long classes during
their high school year
benkay: Diablo-D3: naw. let property ownership fall back
to
those with
the capital
to pay for lawyers, man.
mircea_popescu: and if you need a dentist just
to fix your
teeth
the system has also failed ?
Diablo-D3: dub: yes, but if you need a lawyer just
to buy a house,
the system has failed
dub: is
this not what lawyers are for?
benkay: Diablo-D3: ignoring
the fact
that most people will never be able
to understand
these obligations.
mircea_popescu: it's a wonder
they get laid, seeing how
that's not mandatory either.
mircea_popescu: right.
the reason people aren't educating
themselves is because
the govt isn't making it mandatory.
Diablo-D3: but most people dont know how
to read contracts because
the government refuses
to make
the education for such manditory
Namworld: Well
then
the buyer's fault. Read contracts in full.
Namworld: Is
there a clause in
the contract about
that?
Diablo-D3: Namworld: because
they're evil corrupt assholes
Namworld: They do
that? What
the heck for?
Diablo-D3: instead of on
the schedule you agreed
to when you signed
the loan
Diablo-D3: if your house goes down in value,
the bank DEMANDS you pay
the difference NOW
Diablo-D3: [06:24:54] <Namworld> If
they couldn't afford it
they should have just not bought
the damn fucking house. When you
take a decision, deal with
the consequences.
mircea_popescu: basically
the entire us is
this rat nest of speculators
trying
to steal shit from each other.
benkay: Diablo-D3: your solution obviously is
to make private securitized debts illegal.
dub: Namworld: it would help
to reduce easy access
to shitty finance
Diablo-D3: I do not do business with
those banks, nor do I have any loans, so why am _I_ paying for
their mistakes
Diablo-D3: benkay:
they just steal money from everyone else using congress
benkay: Diablo-D3: naw,
they just have a lock on
the government operators.
Namworld: If
they couldn't afford it
they should have just not bought
the damn fucking house. When you
take a decision, deal with
the consequences.
Diablo-D3: benkay: because
the lenders refuse
to default.
Diablo-D3: mircea_popescu: yes, and 5 years ago I was
telling
them
to stop inflating
the housing market
Diablo-D3: benkay:
then most people simply cant get loans.
mircea_popescu: they're
tghe same schmucks
that were swarming reddit five years ago ranting about how rich
they are being made by
their speculative wisdom
mircea_popescu: i wonder how
the us political landscape would look if ugly women were illegal.
benkay: that city is a rats nest of idiot property speculators who are using
the local gov't
to escape from
the
terms of
their debts
benkay: Diablo-D3: so you want me
to be unable
to leverage my assets.
mircea_popescu: seeing how
the major distinguishing feature of
the 1900s nigger was his inability
to
take on a loan.
Diablo-D3: what companies do with other companies, well,
thats
their business
benkay: Diablo-D3: plan
to outlaw all securitized loans now?
mircea_popescu: and nobody is in anuy position
to "take away" anything.
Diablo-D3: I
think if someone abuses a privilege,
that privilege should be
taken away from
them
mircea_popescu: you basically
think anything should be made illegal by how
the wind blows.
Diablo-D3: I
think private mortgages should be made illegal anyhow
mircea_popescu: basically
the city wants
to give some other people's money
to some douches
they're friends with
mircea_popescu: If
the bank agrees,
the city and
the company
then obtain
the loan at $150,000. Richmond and
the company
then offer
the homeowner a new loan of $190,000, which, if accepted, lowers
the monthly payments and improves
the owners' chances of staying.
mircea_popescu: Richmond, working with San Francisco-based Mortgage Resolution Partners, offers $150,000
to buy a $300,000 bank loan on a house
that is now worth $200,000 and is in danger of foreclosure.