:lmao:1. Corrections are part of the business cycle. Don't put anything in the market that you think you'll need in the next 5 years.
2. The housing bubble was the end result of a massive set of moral hazards set up by government interventions in the housing market. If the banks wouldn't have been allowed to shift the risk on those loans to the tax payer, they wouldn't have made the loans in the first place. The federal government took it upon itself to boost home ownership among groups of people that couldn't or wouldn't put up the traditional 20% down payment. With no risk of loss, bad loans were the norm. Like any condition that can't go on forever, it didn't.
So what your saying is the banks should have been regulated not to do this?
And in comes our glorious big brother mounted upon his/her/their steed of righteousness to right all wrongs and bail all entities deemed "unfailable" out. Okay, so a little sarcasm there, but in all honesty, I don't know what the answer is here. I believe in a very limited government, and a free market. But in our recent history, we've seen big business in bed with big government....blurring the line between the two. The government should have no say in the functionality and serviceability of the internet. However, I also don't believe that a company should be so big that it is a complete monopoly. Is it the government's job to chop these corporations at the knees to make sure the little guys can compete? And if the government can intervene in such a way, what's to stop/limit them from abusing that power? Like the saying goes, "give an inch and they'll take a mile". Has that not proven true of our government?De-regulation always works out well. The Free Market is the ultimate answer to everything.
(then suddenly remembers the 2008 mortgage crisis and subsequent global recession)
That's exactly what Google Fiber is doing. I currently only get high-speed internet from Spectrum, and it is still $64/month.If I owned Comcast I would find a way to sell internet and cable for 50 bucks a month before I ceased to exist - and dominate by volume
I think I've seen that ****.Ours is "Rise Broadband" - never had any issue with it except when the contractor forgets to pay the bill
DSL that is limited to 1.5Mbps? That is hard to believe, since faster DSL speed uses the EXACT same infrastructure.It may be hard for suburbanites to believe, but there's lots and lots of people who don't have access to cable broadband or fiber. I have DSL at 1.5 Mbps, which isn't enough to stream SD, let alone HD tv. My mom and aunt both have something similar. I rely on satellite for TV, but both satellite internet and cell internet are too expensive to stream enough data for television watching.
My hope is some day we'll have access to some sort of wireless broadband at a reasonable price, but it doesn't exist yet. In the mean time, I don't see the traditional model of television going away completely. Or if it does I'll be back to exclusively watching TV over-the-air, and ordering seasons of netflix shows on DVD.
Try telling that to the phone company.DSL that is limited to 1.5Mbps? That is hard to believe, since faster DSL speed uses the EXACT same infrastructure.
@mudpuppy beat me to it. It's really location dependent. Heavily populated areas that still try to market DSL can piggy-back on existing infrastructure. In more rural areas though, DSL now has to rely on the copper-limited phone lines which ultimately restricts bandwidth.DSL that is limited to 1.5Mbps? That is hard to believe, since faster DSL speed uses the EXACT same infrastructure.
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