Re: The Root of Liberal Lending! (WAS Re: Analysis: U.S. economic death spiral seen as unstoppable. Is the run on the dollar near?)
Guv Bob
Here's an idea, Jean.... stop cross-posting. Try it sometime!
"Jean Smith" <go_te...@bellsouth.net> wrote in message news:go_termite-25B82...@newsgroups.bellsouth.net...
> In article <4rSdnfw0Y9zQO3ja...@comcast.com>,
> "Olin" <oli...@comcast.net> wrote:
>
> > "Boston Blackie (Read only 0.01% by KD the Merciless!)" <bbla...@mail.com>
> > wrote in message news:2008032016124375249-bblackie@mailcom...
> > > On 2008-03-20 09:34:27 -0500, "Olin" <oli...@comcast.net> said:
> > >
> > >>
> > >> "Stupendous Man" <M...@Incredible.USA> wrote in message
> > >> news:s7oEj.12728$%15....@bignews7.bellsouth.net...
> > >>>
> > >>> "mg" <mgke...@yahoo.com> wrote in message
> > >>> news:d9c984a6-2b29-445e...@e23g2000prf.googlegroups.com...
> > > On
> > >>>
> > >>>> Mar 13, 8:37 am, "rick++" <rick...@hotmail.com> wrote:
> > >>>>> Euro will cost $2 before summer is over.
> > >>>>
> > >>>> Generally speaking, I suppose that will mean they can buy gas and food
> > >>>> and most everything else for half of what we pay for it. That's called
> > >>>> the Republican tax system. They give tax cuts to the rich and start
> > >>>> wars without paying for them and the consumer winds up paying with
> > >>>> higher prices.
> > >>>>
> > >>> Nobody ever talks about thus but, just before all these easy-to-get
> > >>> loans
> > >>> started, Jesse Jackson, Al Sharpton and other "Liberals" - including Ted
> > >>> Kennedy and other Democrats - were claiming banks were discriminating
> > >>> against minorities by not giving them loans.
> > >>>
> > >>
> > >> What part of predatory lending practices is not clearly understood here?
> > >> The complain was NEVER that no loan was available at all... merely that,
> > >> just like the SBA requires farmers (for example) to buy NEW equipment
> > >> rather than serviceable USED equipment, many marginally qualified home
> > >> loan seekers were strong-armed into more loan than they needed through
> > >> overqualification. And, more often than you might imagine, their loan
> > >> dramatically changed from acquistion to closing table, usually requiring
> > >> more points to be paid up front OR the loan being quietly changed from a
> > >> fixed rate to an ARM.
> > >>
> > >> And, of course, the feds knew about this all along, right along with
> > >> other tidy little "practices" like switching billing addresses so a
> > >> payment could be counted late and a fee applied, and they chose to not
> > >> only NOT do anything about it... they actually worked to protect the
> > >> crooks in the lending industry.
> > >>
> > >> As more light gets shined on insurance and the whole credit industry,
> > >> with tidbits like BC/BS trying to demand that doctors disclose
> > >> confidential patient information they can use to deny coverage and BOA
> > >> raising interest rates on people who are paying their bills on time as an
> > >> "incentive" to get them to pay off balances earlier, it becomes more and
> > >> more clear just how nefarious these bastards AND their protectors in
> > >> Washington truly are.
> > >>
> > >> Old Woody had it right... "Some folks rob you with a six gun. Some use a
> > >> fountain pen."
> > >
> > > Olin, Olin, Olin. Eve knows it's all Teddy Kennedy's fault. Don't make
> > > her cry again.
> > >
> >
> > Oh yeah, right. I forgot.
>
> I think it was Reagan who encouraged buying on credit to restart the
> economy and them ended the interest deduction.
Boston Blackie
<broth...@bigfootYEEEEEEEOW.com> said:
> Reagan? That was 20 years ago. How about NOW ---
>
> Here's an idea, Jean.... stop cross-posting. Try it sometime!
You mean like you did to soc.retirement, misc.survivalism,
alt.sixtyplus, nashville.general, alt.freaks?
Let them that don't want none, have memories of not gettin' any...let
that not be their punishment but their reward.
Olin
The "real" Brother Dave would have had a field day with the attempts to
heckle coming from the Guv.