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iknowlessthanyoudo
(112 days ago)
Banks get bailed from being too big to fail. Insurers self-bailed by excluding flood coverage from policies for low coastal properties. Sea level and temperature increases correlate regardless of the cause. Wealthy property owners in low coastal areas are more susceptible to promulgating delusions to maintain property values for low coastal areas. |
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Guest:
rossglory
(112 days ago)
this arsewipe isn;t worth a fart in the wind. he knows squat about environmental science. how do idiots like this make so much money? |
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Guest:
(112 days ago)
Can you explain why banks are more than willing to finance a 30 year mortgage on large-scale buildings on the beaches in the cities that a rise in water would be a major catastrophe? |
WalterEgo
(112 days ago)
Water expands when it gets warmer no matter what banks think or do. |
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iknowlessthanyoudo
(112 days ago)
Recent history taught banks that being too big to fail guarantees they will get bailed out. However, good luck buying flood insurance within 18 miles of low coastal areas today. |
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Guest:
(111 days ago)
What is a bank bailout? The way I understand it, Banks were forced to borrow money from the government at an extremely high interest rate. Banks paid it back and the government made billions in interest dollars. No free money was given! |
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iknowlessthanyoudo
(111 days ago)
Banks are charged the federal reserve rate which was zero at the time of the bail out. Most banks barely paid one percent and even those banks who didn’t want the money could have faced bank runs that would have depleted their reserves and shuttered many banks in the Great Depression. |
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Guest:
(111 days ago)
The interest rate on TARP money was 5% and the rate would increase to 7% if the banks did not increase their lending within 2 years. For the bank's portion of the TARP money, the government earned $30.1 billion in interest. The federal reserve rate December 2008 until December 2015 was 0.25%. Summary: You're wrong! |
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Guest:
(107 days ago)
Latest comment:
Oh well, a lot of the 1% are psychopaths, so its no big surprice that theres an over reprecentation of climate deniers in that group. The thing is, why do we still listen to the very rich people as orakles? Sure enough they are competent i accumulating money, but they sure as hell could be the worst people to be objecktive in any other matters, as the formost drive for them is to earn money they get it. |
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Gerry Cody
(111 days ago)
It is depressing that the richest men in the world are the ones who are denying global warming because they are afraid it will stop them earning even more billions. Greedy, ignorant b******s. |
Dan Pena - Global warming is the biggest fraud in history
(5:44) American high-performance business coachDan Pena on why global warming is a fraud.