I'm both a believer that leverage can be used for good and that consumers should be able to take on risk without government interference. That said, most consumers aren't savvy enough to understand their own risk structure (e.g. "Do I need that operation the doctor recommended?"). So it's left up to experts to inform consumers of risk beyond the consumers' expertise. That's a major conflict of interest, especially in the commission-based finance system. I suppose the real question isn't whether or not HELs should exist, but rather how liable should banks be when mortgagees go belly up en masse? Miami is trying to convince the courts the answer to that question should be "a lot". Their standing in a suit against big backs was recently affirmed by a federal court, so now we'll see what happens. Very much anticipating the results, even though it will be years.
Kind of amazing how it all comes back to predatory lending, which all comes back to Glass-Steagall, which all comes back to Marquette, which all goes back to usury laws. It's fuckin' tragic. Ban the Jews from owning property or farming and act surprised when they turn into moneylenders. Forbid them from discourse on default and condemn them when they charge high interest rates. Do the same thing as a gentile? JP Morgan is a captain of industry and Meyer Rotschild is a zionist lizard person.
I'm not super sure I feel a lot differently about today's tech CEO than I do about the robber barons. If course we think we live in a more morally enlightened time, but wtf has Zuckerberg ever done besides make it so you're inundated with ads like all the time instead of just most of the time?
Northrop, Boeing, Lockheed. Amusingly enough, they're both working with Orbital ATK. Their current principal launch vehicle, the Minotaur, is the WMD formerly known as the MX Missile. 400 missiles, 90 billion dollars. that's about 2500 Falcon 9 launches.If the NGL can overcome these challenges, it will still be an unorthodox design. No other launch vehicle has ever used two solid stages topped with a liquid hydrogen/liquid oxygen upper stage. But, for Orbital ATK, this design makes sense as it draws on their decades of experience and utilizes facilities they already have. This unique architecture could actually be seen as an advantage by the US military, whose doctrine of “assured access to space” depends on having several independent means of launching satellites into space. SpaceX will use only SpaceX hardware on their Falcon rockets. ULA, as a traditional contractor, will integrate Blue Origin’s rocket engines on their new Vulcan rocket. If Orbital ATK uses their own solid-propellant motors and an RL10-powered upper stage, that would be a technologically independent means of launching national security payloads. While the NGL is unorthodox, its unconventional nature may actually prove to be its greatest asset.
