Rich cause moral decay, too

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Regarding the Feb. 24 editorial on “What the courts see”: I somewhat agree with some of the observations addressed by the district attorney and superior court judges as to the apparent moral decay of society

I’ve been in law enforcement for 15 years, and I’ve either testified in or witnessed trials in which the charges against defendants, and their rationalization and justification for their actions, beggar the imagination.

However, the tone of the editorial suggests that it’s only the poor and ignorant, the subculture criminal class, who are solely responsible for our present moral morass. Let me remind you of the folks who manufactured exotic derivatives, hedged against the solubility of these investments that were sold under the blessing of Moody’s and Standard & Poor ratings, molded by Fannie Mae and Freddie Mac, manipulated by underwriting branches through subprime, alt “A” no-doc mortgage loans, tranched into investment portfolios for investors looking for a quick return beyond what the market could support.

Yes, we have moral decay in America, but it stems from the darkest aspects of human nature motivated by power and greed! So don’t let the wealthy and well-connected be so self-righteous!

Rodney Hindrew

Martinez

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palmetto1008
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palmetto1008 03/04/13 - 05:47 am
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Well done, Mr. Hindrew. And,
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Well done, Mr. Hindrew. And, certainly, there are many more relevant examples. Start, locally, with the Augusta Commission.

carcraft
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carcraft 03/04/13 - 06:25 am
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Great Letter. Dispite all

Great Letter. Dispite all the government warnings remember in th eend it is always buyer beware. People need to have the skills to recognize fraud at ever level! If it is to good to be true it isn't true! Doesn't matter if the local banker or the federal government or the crack head on the corner is seeling it. If you don't understand it don't invest in ti until yo do understand it.

palmetto1008
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palmetto1008 03/04/13 - 07:05 am
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Carcraft, your argument
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Carcraft, your argument deflects the harm caused and the level of culpability of the culprits. We all suffered the recent economic downturn due to immoral behavior whether we were investors or not.

CobaltGeorge
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CobaltGeorge 03/04/13 - 07:37 am
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In all cases,

lets look at the todays lack of "Family Structure", Rich & Poor.

Bizkit
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Bizkit 03/04/13 - 08:32 am
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Don't forget the govt role

Don't forget the govt role too-like a chicken in every pot-they believed everyone should own a home. Then the cascade of people selling homes to people who couldn't afford it, and then the people who knew they really couldn't afford the home too. It is called human nature so I don't think anyone can escape the "immoral" aspect of it. Who is without it cast the first stone eh. The very reason our fore fathers set up a govt with balances of power at state and federal levels-because they all knew on paper govt sounds reasonable and moral but what human is.

dichotomy
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dichotomy 03/04/13 - 10:22 am
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"Let me remind you of the

"Let me remind you of the folks who manufactured exotic derivatives, hedged against the solubility of these investments that were sold under the blessing of Moody’s and Standard & Poor ratings, molded by Fannie Mae and Freddie Mac, manipulated by underwriting branches through subprime, alt “A” no-doc mortgage loans, tranched into investment portfolios for investors looking for a quick return beyond what the market could support."

Let me remind you of who encouraged such behavior by threatening banks who did not make those high risk loans to minorities. That policy turned the whole established process of employment and income verification on it's ear and opened the floodgates for everyone to abuse the system. The government was to blame, as much as anyone, for the mortgage crisis. When you force banks to put bad mortgages on their books the WILL figure a way to try to get them off their books. Yes, it's greed but it's greed necessitated by bad government policy interfering with market practices that had worked for decades.

And government policies that encourage people not to work, not to be responsible for themselves, and that criminals need not worry about going to jail is certainly part of the problem with "moral decay" at the street crime level.

Government is the CAUSE of most of our problems, not the cure. Bad policies, unintended consequences, and no punishement have replaced personal responsibility, common sense, and swift justice.

seenitB4
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seenitB4 03/04/13 - 11:01 am
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Great ^^^

Great answer dichotomy...

Dixieman
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Dixieman 03/04/13 - 01:58 pm
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3,987,206 POINTS

Wrong.
The housing bubble collapse was caused by government intervention and meddling in the real estate market - please look at the history of the Community Reinvestment Act and other government pistol-at-your-head "Hey, Pal, want to lose your banking license?" programs which really caused this. Essentially the Democrats forced banks to make substandard doomed-to-fail loans, and guess what then happened? The writer is obviously intelligent and interested in this issue but needs to dig deeper. I hope he will do so.

MarinerMan
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MarinerMan 03/04/13 - 11:14 am
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Watch This...
Unpublished

Additional proof of Fannie Mae and Freddie Mac abuses. We taxpayers are paying the tab, not the 47% that pay no taxes, but might have been homeowners, before they became part of the 47%. Where do I sign up for one of these jobs? https://www.youtube.com/watch?v=9nkaE2OpP9E

Darby
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Darby 03/04/13 - 06:21 pm
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Let's all hate the rich....

Is it just me, or does the writer's second sentence in his third paragraph seem to run on and on and on...???

Lost me at "tranched"....

palmetto1008
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palmetto1008 03/04/13 - 06:51 pm
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No, it does not. Some people
Unpublished

No, it does not. Some people have more difficulty with compound sentences. Bless their heart.

Darby
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Darby 03/04/13 - 11:43 pm
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And some writers are just....

LAZY.

That's more of a compound, complex sentence...

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