US Politics

Discussion in 'Current Events' started by Nick 0208 Ldn, Mar 2, 2017.

  1. Mar 15, 2019

    roseguy64 Full Member

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  2. Mar 15, 2019

    RedChip Full Member

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    Pointless pontificating. That woman is just showing off her APR knowledge. Most people can't do that calculation without some primer or revision. Why didn't she just provide the data and then ask the question?
  3. Mar 15, 2019

    forevrared Full Member

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    Yes, most people can't. That's why predatory payday lenders are a problem.

    It's a bigger problem when the Director of the Consumer Finance Protection Bureau, the government agency charged with oversight of these businesses, cannot do it. How can she have the consumers of America's best interest at heart when she doesn't even understand what sort of problems they're facing? This is basic stuff. I had a minor in Business Administration at school and this was stuff we covered the first week of my Corporate Finance class. This is like a contractor not knowing building codes. It's essential knowledge to do the job properly and she hasn't got it.
  4. Mar 15, 2019

    MTF Full Member

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    It is grandstanding, because I'm a financial analyst and I can do all manner of effective rate calculations at my computer which is where I actually am when I'm doing work, but can't necessarily do it sitting around anywhere with just a calculator (for example, I did guesstimate that it was around 500%, but wouldn't have accurately calculated 521%).

    I also would've said pretty much the same thing to her first question to define the APR. It's the interest rate annualized. Then she acted as if by not giving her the exact definition the director didn't know. It's like the difference in any profession between taking a written test and actually doing the job.
  5. Mar 15, 2019

    roseguy64 Full Member

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    Context matters i.e who she's asking the questions.
  6. Mar 15, 2019

    Florida Man Cartoon expert and crap superhero

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    Brilliant.
  7. Mar 15, 2019

    Florida Man Cartoon expert and crap superhero

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    Shouldn’t the director of consumer finance protection beareau explain an April intelligently? It’s such an important position that I think she should. It’s not just for any analyst.
  8. Mar 15, 2019

    MTF Full Member

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    Isn't that a bit like asking the CEO of a company about any one aspect of the business, and he answers correctly but not the by the book definition that someone that dealt with that day-to-day might give, so you still ding him?
  9. Mar 15, 2019

    Florida Man Cartoon expert and crap superhero

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    Depends on what you ask them I suppose. If it was a question about what series C funding is, for example, I’d expect them to know and explain it intelligently.
  10. Mar 15, 2019

    RedChip Full Member

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    My point was, it isn't the sort of calculation we should be expecting even people in the loan business to crunch at the drop of a hat on a handheld calculator. Basically what @MTF said:

  11. Mar 15, 2019

    MTF Full Member

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    If she's a Trump appointee I'm sure she's terrible and doing nothing to actually protect consumers. But these gotcha questions are so easy to set up.
  12. Mar 15, 2019

    roseguy64 Full Member

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    Yeah but one of the other congresspeople worked it out without a calculator. Also, once I saw it explained in the comments, someone who's in that line should know. That's why she used simple numbers divisible by each other in her example. If you understand the concept then you should be able to work it out in quick time.
  13. Mar 15, 2019

    roseguy64 Full Member

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    Also, that's why Obama appointed people who worked in the field as heads of the various departments. A nuclear physicist was head of the department that dealt with nuclear energy.
  14. Mar 15, 2019

    Abizzz Full Member

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    Fantastic. She's a real revelation; she too is a product of modern politics, and what an inspiring one.
  15. Mar 16, 2019

    berbatrick Full Member Scout

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    The first gamer-representative is a socialist with some decent physics knowledge, who decided to name his astronaut Jeb :lol:



    Edit - oh no, Jeb crashed on his first launch, parachute failed I think :lol: "Jeb is a mess", says State Rep Carter as his astronaut crashes into the ocean.
    Last edited: Mar 16, 2019
  16. Mar 17, 2019

    Eboue nasty little twerp with crazy bitter-man opinions

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    yeah like when nominated a wall street lawyer to attorney general. or a healthcare lobbyist to HHS. or an heir to hyatt hotels as secretary of commerce
  17. Mar 18, 2019

    Florida Man Cartoon expert and crap superhero

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    Joke's on them. Blue states have all the technology experts and money. Amazon, Facebook and Google have all the data on everyone. Boston Dynamics has robots on wheels that can do backflips. Nevada has Area 51 technology. Fox News in New York will be shut down. Twitter can block all right wingers. Red state are fecked before they even leave their houses.

    Other side: 1
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  18. Mar 18, 2019

    GiddyUp Full Member

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  19. Mar 18, 2019

    Raoul Admin Staff

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    :lol: (@Pexbo)



  20. Mar 19, 2019

    entropy Full Member

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    Where's my arc, Paulie?
  21. Mar 19, 2019

    Adisa likes to take afvanadva wothowi doubt

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    Who's the poster that keeps insisting there's no voter suppression?
  22. Mar 20, 2019

    Florida Man Cartoon expert and crap superhero

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    Aspiring Trumpster, Governor Ron DeSantis repeals the part of the medical marijuana bill that bans the sale of flower and the act smoking. Patients can buy up to 2.5 ounces too. Fair play there, fecker. Fair play.
  23. Mar 21, 2019

    Drifter American

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    Wisconsin judge blocks Scott Walker-backed laws curbing Democratic governor’s powers

  24. Mar 22, 2019

    berbatrick Full Member Scout

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  25. Mar 22, 2019

    Adisa likes to take afvanadva wothowi doubt

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    What a fecked up country. .
  26. Mar 22, 2019

    roseguy64 Full Member

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  27. Mar 22, 2019

    roseguy64 Full Member

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  28. Mar 22, 2019

    SwansonsTache incontinent sexual deviant & German sausage lover

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    What do Trump and Trump supporters mean by the 'deep state' exactly? Is it just the ties between the private millitary complex and the government, WS and the government, or is it something more conspiratory? Because if it is the two former he isn't exactly wrong.

    Not heard about him trying to do anything about it though. Carlyle Group would be a great place to start for example.
  29. Mar 22, 2019

    Florida Man Cartoon expert and crap superhero

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    These people reduce anything that threatens their world view to that of the "deep state".
  30. Mar 23, 2019

    roseguy64 Full Member

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  31. Mar 24, 2019

    oneniltothearsenal Caf's Milton Friedman (and Arse aficionado) Scout

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    Donald Trump is one symptom of a wider problem that’s making the United States weaker on the international stage.

    "Instead of fulfilling his campaign promise to “drain the swamp,” Trump dug it wider and filled it deeper. Small wonder that the United States has fallen out of the ranks of the top 20 “least corrupt” nations—according tothe watchdog group Transparency International—and is now considered a “country to watch” by that nonpartisan organization.

    But the problem is in fact far more serious than Trump and his entourage. Consider some other recent scandals.

    Example #1: The 2008 Financial Crisis. To some extent, the 2008 financial crisis is a case study of hubris, where self-styled “masters of the universe” convinced themselves they had devised financial instruments that had reduced the risk of a panic to miniscule levels. But the crisis also exposed systemic corruption inside key financial institutions. It wasn’t just a few crooked mortgage brokers offering lots of bad loans; it also involved serious abuses by ratings agencies, investment banks, government-backed lenders like Fannie Mae, and even some academic economists. At least we can take comfort in the fact that the people responsible for cratering the world economy were held accountable and got punished, right? Er, nope.

    Example #2: The Boeing 737 Max. The more we learn about the second recent crash of a Boeing 737 Max aircraft, the more disturbing the tale becomes. While a final determination of the causes of the two recent crashes has yet to be made, it seems increasingly clear that Boeing rushed the new plane to market, downplayed the need for additional pilot training, and used an increasingly cozy relationship with Federal Aviation Administration regulators to win approval for the plane. The world seems to have woken up to the conflicts of interest here: The United States was the last country to ground the plane after this month’s crash, and Ethiopian authorities chose to send the black boxes for analysis in France rather than in the United States.

    Example #3: The (Latest) College Admissions Scandal. It’s no secret that admission to elite institutions of higher education isn’t the pure meritocracy that universities try to convey. Being part of an alumni family (a “legacy”) is a big plus, and it seems to help a lot if a parent gives the school a big donation at just the right time. But last week’s revelationsthat wealthy parents and celebrities were colluding with William Singer(a professional “admissions counselor”) and a bunch of corrupt coaches and administrators to get their less-than-fully-qualified kids into elite schools by falsifying test results or passing them off as gifted athletes was still an eye-opener. It was also more evidence—as if any were needed—of the corrupting role big-time athletics play in the life of American universities. Don’t even get me started on that subject."

    https://foreignpolicy.com/2019/03/19/americas-corruption-problem-is-a-national-security-threat/
  32. Mar 24, 2019

    berbatrick Full Member Scout

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    Good article on Mitch:
    Nihilist-in-chief
    https://newrepublic.com/article/153275/mitch-mcconnell-profile-nihilist-chief
    Last edited: Mar 24, 2019
  33. Mar 24, 2019

    crappycraperson "Resident cricket authority" Scout

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  34. Mar 24, 2019

    berbatrick Full Member Scout

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    I want it to be independent.
  35. Mar 25, 2019

    Fergies Gum Full Member

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  36. Mar 25, 2019

    Raoul Admin Staff

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    An hour ago




    Now

  37. Mar 25, 2019

    DavidDeSchmikes Full Member

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    I guess you could call it Moomentum
  38. Mar 25, 2019

    Ubik Full Member

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    Mark Kelly to get clear-ish run at McSally's senate seat.
  39. Mar 26, 2019

    Florida Man Cartoon expert and crap superhero

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    Smart choice by cutting out now and saving himself the humiliation.