Outside of his Silent Majority comment. I thought he was dead nuts.
http://www.youtube.com/watch?v=bEZB4taSEoA
*Cruises in his 54 Chevy*
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Outside of his Silent Majority comment. I thought he was dead nuts.
http://www.youtube.com/watch?v=bEZB4taSEoA
*Cruises in his 54 Chevy*
What does dead nuts mean? I thought it meant crazy wrong. Is that what you mean?
Wow.... so what is the general perspective from the rest of you American's. From an outsiders point of view it actually sounded like he was fairly on the money (no pun intended).
From what we see here over here it appears that the collapse of the economy (at least in the US) is very significantly linked to the collapse of the lenders in the US. How that propogates out around the globe I still don't fully understand (I missed the short course on global economics). If we're willing to accept that much I'll dispense with taking a guess at how that ends up with almost the whole world landing in, or close to, recession.
The point I want to get to is that over here we have seen and continue to see cases of home loan lenders giving 100- 110% of the property value to borrowers. Years ago it seems no one would touch you with mortgage papers until you'd saved 20% of the purchase. If we're not already in the same situation as the US with regard to the home market, then on the surface it doesn't seem like we're far from it - or at the very least heading down the same path.
In light of that, three things seem clear.
* This type of lending has got to stop.
* for the most part, bailing out those folks already in trouble is just throwing good money after bad.
* Rick Santelli is right on the money.
Of course, I'm really just a dumb ass fireman who's about as far from economic genius as China is to democracy.
Quote:
Originally posted by Malacasta
What does dead nuts mean? I thought it meant crazy wrong. Is that what you mean?
Dead nuts means in America means accurate and right on.
It does?Quote:
Originally posted by Kailen
Dead nuts means in America means accurate and right on.
Seconded.Quote:
Originally posted by Deokoria
It does?
The actual term is dead nuts on....
"Very accurate. When used as an explanatory measurement, it means that it is within 99% accuracy."
http://tinyurl.com/balts9
In hopes of steering the conversation back to the appropriate path. Are their any home owners out there? How do you feel?, for? , or against? Thoughts?
To further steer the thread from the appropriate path. I imagine the term 'dead nuts' comes from the poker statement where the nuts is the best hand, vice versa, or there's something else both of these come from.
I heard that expression in golf, dead nutted it right up the fairway! Means you hit the ball solidly.
Banks and many unqualified Americans( those who received mortgages that they shouldn't have) are equally guilty IMO. I'm totally against a Granny state where a broad stroke is to be used to fix this problem. Those who played by the rules, but still got fucked over SHOULD be helped. Those who shouldn't have received the mortgages they did, need to face reality.
I rarely trust those who claim they have their country's best interest in mind by shouting and ranting like this Santelli character. Personally I think this guy is a big douchebag, more interested in fame than doing something of substance.
I suspect such displays are often used to deflect attention from their own avarice.
He already had his fame. This struck me as someone who just decided to speak his mind and happened to be near a lot of people who were all thinking the exact same thing.