Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Media
New media
New comments
Search media
Members
Registered members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support Ford SportTrac Forum:
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="Richard L" data-source="post: 963135" data-attributes="member: 52972"><p>Hugh,</p><p></p><p></p><p></p><p></p><p></p><p>Actually, I do know the difference. A guess is just a wild-assed guess, while and Analysis is a guess based on some logic or forethought. </p><p></p><p></p><p></p><p>However, since you have a 50% chance of being right or wrong, then it's not much of an analysis since a monkey could make that same choice an still have a 50% chance of either being right or wrong. How would you feel about your analysis if you were wrong and the monkey was right? I'm sure you would have some excuse or just say that the monkey made a lucky guess.</p><p></p><p></p><p></p><p>I only mention the monkey because a few years ago they had a monkey that could pick better stocks than 3 or 4 knowledgable Wall Street stock analyst. I think they have even had a monkey pick the winner of the Kentucky Derby? </p><p></p><p></p><p></p><p>Also Obama's Administration cannot force or push banks to do anything. All banks are regulated by their state, and depending upon if they are part of the Federal Reserve system, they can also be regulated at the Federal level by one of these Agencies: the Federal Reserve Board of Governors, the Office of the Comptroler of Currency, The FDIC, The Office of Thrift Supervision, or The National Credit Union Administration. </p><p></p><p></p><p></p><p>Even though the Federal Reserve Chairman is appointed by the President, he is given a list of candidates from the an elite list of member banks, and he can only pick one from that list...so Obama and his administration still do not have any direct control over banking practices.</p><p></p><p></p><p></p><p>Just more food for your analysis...:grin:</p><p></p><p></p><p></p><p>...Rich</p></blockquote><p></p>
[QUOTE="Richard L, post: 963135, member: 52972"] Hugh, Actually, I do know the difference. A guess is just a wild-assed guess, while and Analysis is a guess based on some logic or forethought. However, since you have a 50% chance of being right or wrong, then it's not much of an analysis since a monkey could make that same choice an still have a 50% chance of either being right or wrong. How would you feel about your analysis if you were wrong and the monkey was right? I'm sure you would have some excuse or just say that the monkey made a lucky guess. I only mention the monkey because a few years ago they had a monkey that could pick better stocks than 3 or 4 knowledgable Wall Street stock analyst. I think they have even had a monkey pick the winner of the Kentucky Derby? Also Obama's Administration cannot force or push banks to do anything. All banks are regulated by their state, and depending upon if they are part of the Federal Reserve system, they can also be regulated at the Federal level by one of these Agencies: the Federal Reserve Board of Governors, the Office of the Comptroler of Currency, The FDIC, The Office of Thrift Supervision, or The National Credit Union Administration. Even though the Federal Reserve Chairman is appointed by the President, he is given a list of candidates from the an elite list of member banks, and he can only pick one from that list...so Obama and his administration still do not have any direct control over banking practices. Just more food for your analysis...:grin: ...Rich [/QUOTE]
Insert quotes…
Verification
Post reply
SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
Top