Good Boy!. this is a real man!. Scource is mentioned In cur blag: wwy, : ts. tumblr, com A bank rubber named "Pretty Boy" Floyd was known for destroying mortgag
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Good Boy!

this is a real man!

Scource is mentioned In cur blag: wwy, : ts. tumblr, com
A bank rubber named "Pretty Boy" Floyd was
known for destroying mortgage papers en heists,
freeing hundreds of people from property debt.
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Views: 23520
Favorited: 21
Submitted: 08/22/2013
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#16 - threenippledcousin (08/23/2013) [-]
because that wouldn't damage the economy.
User avatar #10 - thebuttman (08/23/2013) [+] (2 replies)
he was pretty.
#22 - TATTYBOJANGLES (08/23/2013) [+] (2 replies)
And now there's just this asshole.
User avatar #23 to #22 - lizardnigger (08/23/2013) [-]
dat username is perfect
#1 - anonymous (08/23/2013) [+] (5 replies)
So now the bank has to jack up rates on everyone else's mortgage to recoup their money. If the bank goes under, then all those who deposited their money will lose it. Floyd committed his crimes just before the FDIC was founded, so there was no insurance on deposits. Furthermore, the bank will have to deny more risky loans to anyone who is not wealthy because they cannot assume the extra risk. That means poorer families will not get to live in a house. Faulty logic about debt and loans were a major reason for the recession that started in 2009, and the real estate market has barely recovered. Yes, there is such a thing as unfair debt and excessive interest rates on individuals, but abuse of bankruptcy and clearing debt costs everyone else.
#2 to #1 - angelusprimus (08/23/2013) [-]
Reason for 2009 recession was NOT subprime lending, tho it didn't help.
It was that after repeal of Glass–Steagall act banks started acting like hedge funds using faulty derivatives to dangerously inflate the bubble that subprime started and make it unatainable. All the way betting your money they didn't have a right to actually use.
If not for derivative bubble, subprime would have caused only a slight bubble no bigger then dotcom one.
User avatar #27 - leopoldstotch (08/23/2013) [+] (1 reply)
Am I the only one who thinks that destroying the morgage papers was actually pretty ****** up? I get that people think banks are "evil" and all, but the truth is that, provided interest isnt crazy high, banks allow people to make their dreams become a reality through loans (building a house, buying a car, starting a business).. And you should have to pay back those loans...

I provide IT support to smaller community/reginal banks and manage thier servers. I know how much people there make and how much the bank actually makes and it really isnt all that much. And I know that if someone destroyed all their morgage papers, that would destroy the bank and peoples jobs.
#25 - anonymous (08/23/2013) [-]
I live just a few miles from where pretty boy floyd was killed. The funeral home that handled his body is now a recovery club for addicts
#13 - PlagueDoctor (08/23/2013) [-]
this was so the common people wouldn't rant them out to the feds if something would happen imho
#11 - jibb ONLINE (08/23/2013) [-]
User avatar #9 - ninjamyles **User deleted account** (08/23/2013) [+] (2 replies)
they should totally ad this him/ a mask in his honor to payday 2
#7 - majorhumphrey (08/23/2013) [+] (1 reply)
Are ignoring the fact that Leonardo diCaprio is a time-traveler?
User avatar #6 - mdmazing (08/23/2013) [-]
There is a good movie about him, where he is portrayed by Channing Tatum. Johnny Depp and Christian Bale are also in this movie. It's called Public Enemies.
I recommend watching this movie, imo it's a good one.
User avatar #5 - dawinnamon (08/23/2013) [-]
This was during the depression by the way
#3 - zmbz **User deleted account** has deleted their comment [-]
User avatar #14 - cyclopszed (08/23/2013) [-]
Cool guy, he is.
#20 - unncommon has deleted their comment [-]
User avatar #8 - mrjweezy (08/23/2013) [-]
Its sad when in this country the criminals are being heroes and the government that supposed to help us is dragging us down.
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