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The Mockingbird Foundation
The Mockingbird Foundation is a non-profit organization founded by Phish fans in 1996 to generate charitable proceeds from the Phish community.
And since we’re entirely volunteer – with no office, salaries, or paid staff – administrative costs are less than 2% of revenues! So far, we’ve distributed over $1,000,000 to support music education for children – hundreds of grants in all 50 states, with more on the way.
"@Halloween14 said:
"@Daddo said:
"@Halloween14 said:
"@travelin_light said:
"@Halloween14 said:
"@travelin_light said:
"@Halloween14 said:
"@travelin_light said:
"@Halloween14 said:
"@travelin_light said:
"@Halloween14 said:
"Dodd-Frank is overbearing BS that has been a thorn in banking profitably for too long. Repealing and or amending this act has been long overdue. "
Considering that the Big Five banks measure quarterly profits in terms of billions of dollars, forgive me for laughing about thorns in the side of their profitability. And forgive me for thinking that, as a basic premise, financial sustainability and consumer protection are a little bit more important than profitability in the first place."
Forgive me for thinking adult individuals should be able to make financial decisions on their own."
When the smartest financial minds in the world bring the economy to the brink of ruin because they developed a complex system of securities and derivitaves based on a system built on convincing people to borrow more than they could afford and end up needing billions of dollars in bailouts just to save the system from collapse, yeah, you probably should be forgiven for that, because it's a stupid fallacy. If people were responsible, recessions, depressions, and bailouts would never exist.
Nobody ever signed a subprime mortgage without someone on the other side willing to lend to them."
Are you saying those people were unable to budget correctly and know just what they could afford? You control your own financial future. "
Those people being every single major bank in the country. Bear Stearns, Lehman Brothers, Wachovia, just a few examples of those irresponsible people who just didn't know what they could afford.
Edit: And yes, I place a lot more responsibility on the Harvard MBA's who wrote the loans than the "maybe-graduated high school" folks who borrowed the money."
if you maybe graduated high-school you probably shouldn't be a home owner"
If you graduated from Harvard you should know that you shouldnt lend 200,000 to someone who maybe graduated high school. Yet they do it and leave us with the tab. Love how screing people over is just business but being screwed is poor decision-making "
Please realize that bank employees who handle consumer mortgages are far from Harvard graduates."
c'mon dude - stop playing semantics - the GUIDELINES the bank employees follow ARE.
the traders who ratcheted up the bubble - that YOU eventually paid for ARE.
please..dont be so transparent"
Says an industry outsider with knowledge from a movie"
Some random bank employee didnt come up with the interest only negative amortization 5/30 and decide to divide the proceeds into tranches that magically made a bunch of b and c loans into aaa. Ive read the financial crisis inquiry report from cover to cover, multiple times, including the pisspoor dissent, and i worked in the mortgage industry and have forsthamd experience woth both consumers amd bankers. But you just keep right on keeping your head up your ass if you think it smells like roses up there."
@travelin_light said:
"@Halloween14 said:
"@Daddo said:
"@Halloween14 said:
"@travelin_light said:
"@Halloween14 said:
"@travelin_light said:
"@Halloween14 said:
"@travelin_light said:
"@Halloween14 said:
"@travelin_light said:
"@Halloween14 said:
"Dodd-Frank is overbearing BS that has been a thorn in banking profitably for too long. Repealing and or amending this act has been long overdue. "
Considering that the Big Five banks measure quarterly profits in terms of billions of dollars, forgive me for laughing about thorns in the side of their profitability. And forgive me for thinking that, as a basic premise, financial sustainability and consumer protection are a little bit more important than profitability in the first place."
Forgive me for thinking adult individuals should be able to make financial decisions on their own."
When the smartest financial minds in the world bring the economy to the brink of ruin because they developed a complex system of securities and derivitaves based on a system built on convincing people to borrow more than they could afford and end up needing billions of dollars in bailouts just to save the system from collapse, yeah, you probably should be forgiven for that, because it's a stupid fallacy. If people were responsible, recessions, depressions, and bailouts would never exist.
Nobody ever signed a subprime mortgage without someone on the other side willing to lend to them."
Are you saying those people were unable to budget correctly and know just what they could afford? You control your own financial future. "
Those people being every single major bank in the country. Bear Stearns, Lehman Brothers, Wachovia, just a few examples of those irresponsible people who just didn't know what they could afford.
Edit: And yes, I place a lot more responsibility on the Harvard MBA's who wrote the loans than the "maybe-graduated high school" folks who borrowed the money."
if you maybe graduated high-school you probably shouldn't be a home owner"
If you graduated from Harvard you should know that you shouldnt lend 200,000 to someone who maybe graduated high school. Yet they do it and leave us with the tab. Love how screing people over is just business but being screwed is poor decision-making "
Please realize that bank employees who handle consumer mortgages are far from Harvard graduates."
c'mon dude - stop playing semantics - the GUIDELINES the bank employees follow ARE.
the traders who ratcheted up the bubble - that YOU eventually paid for ARE.
please..dont be so transparent"
Says an industry outsider with knowledge from a movie"
Some random bank employee didnt come up with the interest only negative amortization 5/30 and decide to divide the proceeds into tranches that magically made a bunch of b and c loans into aaa. Ive read the financial crisis inquiry report from cover to cover, multiple times, including the pisspoor dissent, and i worked in the mortgage industry and have forsthamd experience woth both consumers amd bankers. But you just keep right on keeping your head up your ass if you think it smells like roses up there."
Packaging mortgages for sale based on various degrees of risk is different ballgame down after the fact and not what I was referring to. However, an adult willingly executed said mortgage documents. Why can't liberals realize they are responsible for their own actions?