Now it's pre-approved credit cards! LOL What's the matter, can't win the debate about adults getting mortgages they can't afford?
The deadbeats were sure smart enough to re-finance and pull equity out, weren't they!
No More Bush Tax Cuts for the Wealthiest
- Thread starter abandonconflict
- Start date
The deadbeats were sure smart enough to re-finance and pull equity out, weren't they!
UncleBuck
Well-Known Member
remind me again which republican president and republican controlled congress not only did nothing about this, but also bragged about the "ownership society".
please remind me which GOP administration and congress did nothing about that gripe of yours.
thank you.
also, a little nitrogen wouldn't have hurt those poor things in your avatar.
abandonconflict
Well-Known Member
You don't think it is bad banking practice to give someone a loan they can't afford? Do you think that should be profitable?
abandonconflict
Well-Known Member
Beennowhere proclaims victory in one post and then runs scared. Come on, we know you can't debate or grow, it is a shame you can vote.
UncleBuck
Well-Known Member
his new name is clayton. he came out of the closet as a racist who believes that more melanin = less intelligence and more proclivity towards crime.
Harrekin
Well-Known Member
UncleBuck
Well-Known Member
should the banks then take responsibility for their predatory practices as well, or is responsibility diffused to nothingness in corporate society?
Harrekin
Well-Known Member
A bank or company sells a product/service to the public.
Should a dog be berated for barking?
UncleBuck
Well-Known Member
ummmm, duh?
nice non-answer. it works for everything.
Q: "should a corporation take responsibility for actively colluding with other corporations to drive up prices?"
A: a company sells a product/service to the public.
genius!
so the responsibility lies all with john q. public, who, unlike the bank/corporation, does not have an army of lawyers at his disposal?
awesome answer. i think i'll take three days to fully understand all the legalese in the next credit card agreement i sign, rather than trusting that common sense regulations prohibit the creditor from performing certain strategic sleazeball practices which they must take no responsibility for.
abandonconflict
Well-Known Member
I do not think that it should be profitable to loan to someone who cannot pay.
Harrekin
Well-Known Member
I didn't say it wasn't bad business practice but it's neither illegal nor immoral.
That said, I believe free market forces should've ended institutions that failed rather than them being propped up at taxpayer cost.
abandonconflict
Well-Known Member
Protecting citizens from this sort of thing has a constitutional precedent.
Harrekin
Well-Known Member
So you want to protect citizens from taking loans from a bank of their own free will?
Genius.
NLXSK1
Well-Known Member
Just remove a private citizens ability to make choices... Voila... Protection at the cost of liberty... The Democratic party platform...
UncleBuck
Well-Known Member
UncleBuck
Well-Known Member
the democratic platform would be to stop banks and corporations from freely exploiting people without an army of lawyers, actually.
but nice fail-try, sport.
now get back to mowing lawns and raking rocks.
Harrekin
Well-Known Member
Just cos the devil offers, doesn't mean you need to take...you dont just try hide the person away and put a blindfold on them...it's for their own good
UncleBuck
Well-Known Member
so the devil is moral and the person duped into a deal with the devil is to blame?Just cos the devil offers, doesn't mean you need to take...you dont just try hide the person away and put a blindfold on them...it's for their own good
got a bible over there, bro?
Harrekin
Well-Known Member
Bibles are fairytales for sky daddy people.
Do whatever, regulate it if you want because I wouldn't and never have taken a loan I couldn't afford (regardless of easy availability) so it doesn't effect me, but blaming the banks for people's stupid choices is just leftie populist bullshit.
Why can't anyone admit they made a mistake buying the house they could've never afforded to pay back?
UncleBuck
Well-Known Member
what if you don't know what kind of a house you can afford and the bank misleads you into thinking you can buy more than you can afford? what if multiple banks and their advice giving subsidiaries collude to convince the populace that they can afford more house than they really can?
a lot of otherwise intelligent people could get duped into buying more house than they can afford.
the bible and morality are one in the same here in the states, like it or lump it. probably the first lesson of inside baseball.
or maybe you didn't notice about half of the DNC delegates rejecting a proposal to put 'God' back into the party platform? even the liberal networks here call that a "gaffe".