The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Saw thread celebrating AOC credit card app. We’re too stupid for democracy
Poast new message in this thread
Date: May 10th, 2019 1:45 PM Author: coiffed parlor I’m not even going to dignify this retarded shit with a serious analysis. Logic/economics 101 says this shit is retarded.
We’re too dumb to vote on things. China might have it right after all. Holy shit |
Date: May 10th, 2019 1:45 PM Author: coiffed parlor By “app” I meant “cap” (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38215989) |
|
Date: May 10th, 2019 1:46 PM Author: Marvelous gas station psychic simmer down, Goldblatt. (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38215991) |
 |
Date: May 10th, 2019 1:48 PM Author: coiffed parlor Nooooo I just want to insult people for liking dumb things
The issue with imposing an arbitrary price ceiling on unsecured consumer credit is obvious to everyone though right? |
|
Date: May 10th, 2019 1:48 PM Author: Disturbing confused nursing home (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216004) |
|
Date: May 10th, 2019 2:06 PM Author: startling big community account (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216103) |
|
Date: May 10th, 2019 2:15 PM Author: scarlet supple legal warrant (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216148) |
|
Date: May 10th, 2019 2:34 PM Author: Motley Jet-lagged Theater Stage (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216227) |
|
Date: May 10th, 2019 5:51 PM Author: galvanic wine abode (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38217237) |
|
Date: May 10th, 2019 8:59 PM Author: Flesh site cuck (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38218041) |
|
Date: May 10th, 2019 9:00 PM Author: comical cerise wrinkle (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38218048) |
|
Date: May 11th, 2019 3:16 AM Author: Ebony Bearded Senate Circlehead (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38219065) |
|
Date: May 10th, 2019 1:48 PM Author: Violent charismatic tanning salon multi-billionaire are you an anti-semitic pumo who is trying to provoke a jew-bashing thread or something? (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216003) |
|
Date: May 10th, 2019 1:48 PM Author: Disturbing confused nursing home (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216007) |
|
Date: May 10th, 2019 1:49 PM Author: coiffed parlor No I want to call idiots idiots with a few moves of my thumb (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216010) |
|
Date: May 10th, 2019 1:52 PM Author: Violent charismatic tanning salon multi-billionaire yeah people who want to prevent sociopathic kikes from tricking double digit IQmos into exorbitantly exploitative debt peonage are pretty stupid, i agree (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216034) |
|
Date: May 10th, 2019 1:53 PM Author: coiffed parlor walk me through how someone can be made better off by reducing their options (in this case, their access to high interest credit).
this would be *great* for the payday loan industry. mcconnell should actually put this retarded shit up for a vote ASAP like he did for green new deal. |
|
Date: May 10th, 2019 1:54 PM Author: Violent charismatic tanning salon multi-billionaire yeah i agree, we should get rid of all laws and rules that limit human behavior in any way
fuck off retard lmao |
|
Date: May 10th, 2019 1:55 PM Author: coiffed parlor what the fuck are you talking about? answer my question. (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216051) |
|
Date: May 10th, 2019 2:01 PM Author: Violent charismatic tanning salon multi-billionaire "walk me through how someone can be made better off by reducing their options"
the existence of any laws and rules whatsoever that govern human behavior seem to suggest that reducing people's options is a frequently utilized and useful tactic to improve people's well-being
if you're some kind of anarchist who doesn't believe that is true, then fair enough. but i think you're actually just someone who is not very bright and doesn't understand wtf he's talking about |
|
Date: May 11th, 2019 3:17 AM Author: Ebony Bearded Senate Circlehead (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38219066) |
|
Date: May 10th, 2019 1:49 PM Author: Razzmatazz autistic partner (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216012) |
|
Date: May 10th, 2019 1:50 PM Author: coiffed parlor The idea that xoxo thinks it’s smarter than me is kind of funny. I’d be smarter than you dumb honkeys after a lobotomy (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216016) |
|
Date: May 10th, 2019 1:50 PM Author: Disturbing confused nursing home *OP dressed in war paint*
You make take our lives, but you may never take OUR FRAUD JEW BANK PROFITS |
|
Date: May 10th, 2019 7:01 PM Author: Silver international law enforcement agency (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38217495) |
|
Date: May 11th, 2019 3:18 AM Author: Ebony Bearded Senate Circlehead (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38219067) |
|
Date: May 10th, 2019 1:51 PM Author: appetizing rusted wagecucks public bath high-risk borrowers should consume less, not more. under the current system, their profligacy - and walmart's bottom line - is ultimately subsidized by taxpayers |
|
Date: May 10th, 2019 1:53 PM Author: Electric lay factory reset button (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216041) |
|
Date: May 10th, 2019 1:56 PM Author: rose hall depressive cr.
it'd be awesome if the Rent a Center's of the world folded. |
|
Date: May 10th, 2019 1:56 PM Author: coiffed parlor and so drastically reducing their access to credit would be...good for them?
i guess its easy to win an argument if you just stop giving a fuck about trying to make sense. |
|
Date: May 10th, 2019 1:57 PM Author: rose hall depressive Yes it would be.
The same way limiting easy access to college loans would be good for young people. |
|
Date: May 10th, 2019 1:59 PM Author: arrogant brunch Or crack to a crack addict (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216068) |
|
Date: May 10th, 2019 2:05 PM Author: coiffed parlor i'm going to let you stare at your own post for a while before i respond (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216093) |
|
Date: May 10th, 2019 2:12 PM Author: scarlet supple legal warrant he's correct though you deranged retard. you really think Brayden taking out nearly $100k in non-dischargeable debt to study interpretive dance at Middle Tennessee State is a good financial decision? (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216140) |
|
Date: May 10th, 2019 2:19 PM Author: brindle exciting location newt Or that the consequences of this poor decision will be suffered solely by Brayden and not bleed out to society while global capital profits (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216163) |
|
Date: May 10th, 2019 8:59 PM Author: abusive area hunting ground if brayden cant pay pack more than what he borrowed, everyone suffers. why is this hard? (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38218042) |
|
Date: May 10th, 2019 8:13 PM Author: Hateful erotic meetinghouse This is high quality flame you're running here. Well done. (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38217868) |
|
Date: May 10th, 2019 7:40 PM Author: lake coldplay fan Leftists in 1980 loans for all
2019 loans for only some that I choose! |
|
Date: May 10th, 2019 8:36 PM Author: ruddy garrison (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38217950) |
|
Date: May 10th, 2019 1:59 PM Author: Disturbing confused nursing home what is this 85 iq argument? any service being offered to poors is necessarily good? predatory payday lenders should be seen as performing a public service? yes, if the only available credit is at extortionate rates, it prob would be better not to offer it at all (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216069) |
|
Date: May 10th, 2019 2:04 PM Author: coiffed parlor holy fucking shit. options are options - they dont have to be optimal for everyone at all times. If theyre not good, you wont exercise them. but im still better off for having them - who knows what the future holds (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216090) |
|
Date: May 10th, 2019 2:06 PM Author: brindle exciting location newt Personal decisions can have negative externalities, especially in societies that are committed to providing some baseline standard of living to citizens. This isnt hard to understand man (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216099) |
|
Date: May 10th, 2019 2:11 PM Author: coiffed parlor youre not saying something smart because youve used the term "externalities"
so youre saying an arbitrary price ceiling on consumer credit is good because...externalities?
whatever. we can drastically cut access to consumer credit. black markets and suboptimal alternatives will grow because we're too stupid to learn from centuries of experience. and the poor will be much worse off. yipee. |
|
Date: May 10th, 2019 2:31 PM Author: scarlet supple legal warrant "If theyre not good, you wont exercise them" Lmao |
|
Date: May 10th, 2019 2:41 PM Author: swollen soul-stirring state macaca "I'm still better off for having them"
This is not true for people with low IQs. They aren't better off for having access to destructive choices, whether it's heroin, unhealthy food, or loans they can never pay back. |
|
Date: May 10th, 2019 8:14 PM Author: Hateful erotic meetinghouse If heroin's not good for you, people won't buy it. Duh. (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38217876) |
|
Date: May 11th, 2019 3:19 AM Author: Ebony Bearded Senate Circlehead (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38219068) |
|
Date: May 17th, 2019 1:40 PM Author: scarlet supple legal warrant (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38249372) |
|
Date: May 10th, 2019 1:59 PM Author: abusive area hunting ground Absolutely. They would have less debt and their actual money would be better used. Leeches would not get rich off them. (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216071) |
|
Date: May 10th, 2019 2:01 PM Author: Violent charismatic tanning salon multi-billionaire jfc you are dumb man (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216079) |
|
Date: May 10th, 2019 2:03 PM Author: brindle exciting location newt (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216089) |
|
Date: May 10th, 2019 2:04 PM Author: scarlet supple legal warrant (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216091) |
|
Date: May 10th, 2019 2:22 PM Author: Stimulating cumskin hospital (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216168) |
|
Date: May 10th, 2019 8:36 PM Author: ruddy garrison (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38217952) |
|
Date: May 10th, 2019 8:59 PM Author: Flesh site cuck (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38218043) |
|
Date: May 10th, 2019 2:01 PM Author: Razzmatazz autistic partner of course it's good for them dip shit (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216080) |
|
Date: May 10th, 2019 2:05 PM Author: coiffed parlor im a giant surrounded by midgets attacking my shins (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216098) |
|
Date: May 10th, 2019 2:08 PM Author: brindle exciting location newt Jfc (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216113) |
|
Date: May 10th, 2019 2:47 PM Author: Dashing Spot Filthpig At least you're willing to admit you're fat and asian. (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216275) |
|
Date: May 10th, 2019 2:03 PM Author: brindle exciting location newt In revealing himself to be an enormous retard, I suspect this thread did go as he planned (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216088) |
|
Date: May 10th, 2019 2:06 PM Author: coiffed parlor no xoxo is for retarded people. i love how this is going (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216102) |
|
Date: May 10th, 2019 2:08 PM Author: coiffed parlor ok im going to have to do way too much explaining of microeconomics 101 and credit risk to maybe get people to begin to see where im coming from.
fuck that. god bless you. |
|
Date: May 10th, 2019 2:09 PM Author: brindle exciting location newt Yea man what is going on here is you are way smarter than everyone (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216119) |
|
Date: May 10th, 2019 2:12 PM Author: coiffed parlor yes. not because im a genius but rather because youre objectively retarded (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216132) |
|
Date: May 10th, 2019 2:14 PM Author: Disturbing confused nursing home go back to reddit (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216142) |
|
Date: May 10th, 2019 2:36 PM Author: Motley Jet-lagged Theater Stage lmao "economics" (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216229) |
|
Date: May 10th, 2019 2:38 PM Author: swollen soul-stirring state macaca Finance pumo you haven't responded to several decent points itt. You can choose to deride others but it's not hard to see why you might be doing that. GG has made some good points, why not address them. (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216238) |
|
Date: May 10th, 2019 2:48 PM Author: Dashing Spot Filthpig You realize AOC is always right, right? If you ignore her logic, her proposals are always correct.
I mean the Bible agrees with her. |
|
Date: May 10th, 2019 3:42 PM Author: shimmering passionate institution That thread outed most of the ppl in it as obama voting reddit faggots who probably got "red pilled" at some point, like you had to pick the gayest phrase possible to just say that your temporarily not voting like a retarded faggot.
millions of responsible people get hundreds if not thousands of dollars every year in CC rewards, in addition to not having to worry about their card being hacked, stolen, skimmed, whatever because the companies will just eat it. let's just go and potentially fuck all that up so dumb assholes can get slightly less ripped off on their bills that they are too stupid to not pay. I fucking hate the "XO 20XX" meme but jfc this shit is XO 2019. |
|
Date: May 10th, 2019 3:46 PM Author: rose hall depressive Why don't companies eat into their profits before taking away your perks? (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216583) |
|
Date: May 10th, 2019 3:49 PM Author: shimmering passionate institution because they aren't stupid and we aren't a socialist shithole as much as "aoc" wants us to be. (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216597) |
|
Date: May 10th, 2019 3:51 PM Author: rose hall depressive "because they aren't stupid"
Apparently consumers are though. |
|
Date: May 10th, 2019 3:52 PM Author: shimmering passionate institution this is america. if they want to be morons that's their right. we have enough of a safety net they're not going to die or starve to death.
fuck libs who think they can regulate away every stupid decision proles make. |
|
Date: May 10th, 2019 3:59 PM Author: rose hall depressive We also have the right to change the laws if we want to prevent stuff like this. (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216642) |
|
Date: May 10th, 2019 4:00 PM Author: shimmering passionate institution doesn't mean you should (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216650) |
|
Date: May 10th, 2019 4:01 PM Author: rose hall depressive And banks shouldn't charge usurious interest rates. (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216652) |
|
Date: May 10th, 2019 4:06 PM Author: shimmering passionate institution no one is holding a gun to anyone's head forcing them to take out a credit card and not pay the bill on time. if the rate is too high then find another credit source or pay with a debit card. of course we need to regulate away those nasty overdraft fees and ensure that more fees just get passed on to regular users who don't overdraw their accounts! (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216680) |
|
Date: May 10th, 2019 4:13 PM Author: Dashing Spot Filthpig God himself disagrees with you. (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216708) |
|
Date: May 10th, 2019 4:27 PM Author: scarlet supple legal warrant poast smells like baby foreskin (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216789) |
|
Date: May 10th, 2019 11:20 PM Author: harsh range (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38218595) |
|
Date: May 10th, 2019 3:56 PM Author: hairraiser french chef reading party OP is an economic retard. Probably half the people in the U.S. don't really understand their CC terms or even the concept of 25% interest.
This is like the min wage argument. Yeah, a $50 min wage would probably kill a lot of jobs - but that doesn't mean an $8 min wage is bad no matter how much dumbasses who took Econ 101 like to pontificate that it is. In fact, the research seems to suggest that a $15 min wage is good. |
|
Date: May 10th, 2019 4:09 PM Author: shimmering passionate institution the stupid part is that even if the rates do get lowered, people will just buy more shit to give them the same "minimum payment" they always had, since that probably is all they ever look at. (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216694) |
|
Date: May 10th, 2019 4:14 PM Author: hairraiser french chef reading party Well at least the people will have more stuff then (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38216720) |
|
Date: May 10th, 2019 4:37 PM Author: Very Tactful Cracking Dog Poop "OP is an economic retard. Probably half the people in the U.S. don't really understand their CC terms or even the concept of 25% interest."
Yeah, my opinion doesn't easily fit into either side of this debate. I am perfectly fine with lenders charging whatever interest rate they prefer. However, I am strongly in favor of regulating the terms of consumer loans to avoid confusion, surprise and other nefarious practices. In other words, I am fine with the kikes extracting as much flesh as the goy are willing to serve to them, just as long as the goy are perfectly aware how much flesh they will be required to give up. |
|
Date: May 10th, 2019 7:09 PM Author: hairraiser french chef reading party Yeah I mean I don't think that AOC is saying a construction lender shouln't be allowed to charge 20% interest on a deal where sophisticated principals are putting up 5% of real equity.
She's talking about a mom who was broke and put the school lunches on her credit card that she couldn't pay off. I think the OP's argument is that she is in a better spot because without charging her 25% interest they would never have extended her the money, but this is untrue because my guess is that practically Visa still would have done it and also its not a loan to get her out of a bad spot (unlike the developer above she's not going to exit the deal and make a ton of money), its a loan to put her in an even worse spot next month. |
|
Date: May 11th, 2019 3:23 AM Author: Ebony Bearded Senate Circlehead (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38219071) |
|
Date: May 10th, 2019 6:59 PM Author: galvanic wine abode OP is an idiot.
But also very surprised at white supremacists like GOY SUPERSTAR angling for more regulation in THIS case. Usually when it comes to poors, the assumption is they are minorities and therefore deserve no regulation of capitalist vultures. |
|
Date: May 10th, 2019 7:05 PM Author: coiffed parlor Sorry I lack the patience to explain price theory and welfare economics to a bunch of anonymous morons. I started thread assuming issues were self evident. Turned out I bit off more than I can chew
Everyone don’t mistake my laziness/disinterest for a tacit concession that you’re right. We’re basically not speaking the same language itt |
|
Date: May 10th, 2019 7:10 PM Author: hairraiser french chef reading party OH WHAT AN ECONOMIC MASTERMIND
http://www.xoxohth.com/thread.php?thread_id=4255735&mc=100&forum_id=2#38191843 |
|
Date: May 10th, 2019 7:18 PM Author: coiffed parlor You dumb motherfucker lol. This was hardly a robust week for US equity markets.
I’d stand behind that post even if markets were UP this week - no one can predict short term market moves. But you posting this when the market declined and VIX spiked??
Lol I’m proud that you’ve managed to post on the Internet despite your mental disability |
|
Date: May 10th, 2019 11:09 PM Author: hairraiser french chef reading party "no one can predict short term market moves"
And yet you predicted a "bloodbath opening" |
|
Date: May 10th, 2019 7:49 PM Author: lake coldplay fan Lol you know what their motivations are? (http://www.autoadmit.com/thread.php?thread_id=4258820&forum_id=2#38217758) |
|
Date: May 17th, 2019 1:25 PM Author: Yellow national security agency indirect expression The pro cap people are missing a few important factors here.
First, nothing gets done about payday lenders and sub prime installment loans. All a cap would do is drive the banks to be more picky at the bottom end of the credit spectrum and force people who would otherwise pay 30% interest now pay 50% - 2,000% |
|
Date: May 17th, 2019 1:27 PM Author: Yellow national security agency indirect expression Second, usury is so built into our system that you quite frankly can't extract it that easily anymore. Even if you attack all sub prime lending, you will just get loan sharks popping up. They already exist in poor areas and would just multiple.
So basically you are going to massively interfere in the market with the result being that things will end up worse. |