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National

Subprime Immaturity

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From: Roncpp
Sent: Thursday, May 15, 2008 05:13 AM
But AWG, he impressed Jon! He has an audience, but is this the audience anyone would want? Some people are lead by drivel because it appeals to their preconceptions, no matter how unfounded. All contrary observations are dismissed as irrelevent because their "minds" are already made up. Why tamper with locked down preconception?
From: Castine
Sent: Thursday, May 15, 2008 06:46 AM
Conservative beliefs in such traditional virtues as prudence, caution, restraint or risk aversion are seen as too stifling.

I had always thought I was a liberal all these years. This morning I have discovered that I am a conservative instead because I believe in 'prudence, caution, restraint' when dealing with my personal money matters.

I know many conservative friends who had purchased numerous rental properties with some of those crazy mortgages. They are now scrambling around selling properties at a loss in order to save others.

Well, conservative meaning...they always supported conservative causes and voted for conservative candidates in every election.

Seeking big profits...Isn't that the American way?
From: Roncpp
Sent: Thursday, May 15, 2008 02:18 PM
The terms have no practical meaning except to those who use them as pejoritives. There are conservative Democrats and Liberal Republicans, but certain folks are so immersed in their ignorance, they are unaware of these basic facts and many more.
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