Iceland, a country that wants to punish the bankers responsible for the crisis

I copied and posted 545 vs. 300,000,000( http://www.ar-15.co/forums/showthread.php?t=11683) on my Facebook and someone shared this one with me...


Guys hear about this one? Is this possible to do in America without a fire shot?

http://www.pressenza.com/npermalink/...for-the-crisis

Since 2008 the vast majority of the Western population dream about saying "no" to the banks, but no one has dared to do so. No one except the Icelanders, who have carried out a peaceful revolution that has managed not only to overthrow a government and draft a new constitution, but also seeks to jail those responsible for the country's economic debacle.

We could point fingers all day.... can't we kick these people out? This is America, right?

I wont call rioting as peaceful movement. Also, it's a left wing take over. No thanks.

EDIT... Our neighbor down south also had a similar icelander 2010 moment which is called cinco de mayo. Refusing to pay your debt and call it a victory is shameful.

Ahh.. I see...


I'm honestly confused about this system....

We all see what's going on and still the people responsible for tearing this country apart is still in their seats and walking to the bank with big smiles on their faces...

Besides voting, don't the people have any say in this anymore...?

The housing bubble is an "It takes two to tango" type of situation. The banks didn't want to finance people to buy houses that they couldn't afford, but the US. Government persuaded them. On the other hand, no one forced people to buy houses that they couldn't afford. Where exactly where you planning on pointing your finger?

Or, are you referring to banks investing in things that they shouldn't have and betting on people going bankrupt? If so, I'd point you back to the gov persuading banks to take huge risks by financing anyone for a house, regardless of if they could afford it or not.

I guess most of my questions are based off "545 vs. 300,000,000" thread, and when I was shared the Iceland event. I'm wondering why can't we pick and choose and kick out members of congress, politicians, the president, etc...?

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Originally Posted by Irving

The housing bubble is an "It takes two to tango" type of situation. The banks didn't want to finance people to buy houses that they couldn't afford, but the US. Government persuaded them. On the other hand, no one forced people to buy houses that they couldn't afford. Where exactly where you planning on pointing your finger?

Or, are you referring to banks investing in things that they shouldn't have and betting on people going bankrupt? If so, I'd point you back to the gov persuading banks to take huge risks by financing anyone for a house, regardless of if they could afford it or not.

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Bingo, lots of people took out loans on the basis that they were available. Didn't even cross their minds weather or not they could pay them back.

My only issue with the "banks" not that it's an issue solely placed on their doorstep, as it belongs much more on the doorstep of the government, is the bailouts they received at the cost of the tax payers.

Quote:

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Originally Posted by islandermyk

I guess most of my questions are based off "545 vs. 300,000,000" thread, and when I was shared the Iceland event. I'm wondering why can't we pick and choose and kick out members of congress, politicians, the president, etc...?

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We can, we just have to convince enough people to vote accordingly, meanwhile many of those people think socialistic principles sound pretty good. Many of them are also fed cradle to the grave by the govt tit, good luck getting them to vote for those that would put the responsibility to take care of themselves back in their possession.

Real estate agents referred to them as NINJA loans. No Income, No job, No assets. Pretty easy to qualify for a house when you don't have to verify any of that stuff.

Quote:

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Originally Posted by XC700116

We can, we just have to convince enough people to vote accordingly, meanwhile many of those people think socialistic principles sound pretty good. Many of them are also fed cradle to the grave by the govt tit, good luck getting them to vote for those that would put the responsibility to take care of themselves back in their possession.

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... so this would be how it's done too, damn?!

There sure is a lot of people that ain't bitching about their unemployment, welfare checks... phuack... [Mad]


never mind... almost feel at a lost.

I will vote accordingly, and hopefully many will do the same

Quote:

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Originally Posted by Irving

Real estate agents referred to them as NINJA loans. No Income, No job, No assets. Pretty easy to qualify for a house when you don't have to verify any of that stuff.

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Where can I find this?

I need a house [Tooth]