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SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
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<blockquote data-quote="Kevin Lang" data-source="post: 963120" data-attributes="member: 65699"><p>Wow. If this forum has a maximum character limit per post, it must be insanely high.</p><p></p><p></p><p></p><p>Once again, we've learned that Sarcasm + Argument + Internet = complete cluster$%*!</p><p></p><p></p><p></p><p>The weather still sucks in Maryland. :angry:</p><p></p><p></p><p></p><p>Well, at least it isn't <em>hot</em> yet. I'll take the predicted "cooler, wetter summer" over the high heat and ridiculous humidity that was last year's.</p><p></p><p></p><p></p><p>So, if banks are forced to give out some presumed number of loans in areas where the banks would rather not, as they have found that the average credit rating is too low to be worth the risk, who is going to cover the inevitable losses the banks will incur? The obvious, and only answer--which I'll submit as the closest thing we're going to get to a "fact" here in this thread, is that we--the people--will.</p><p></p><p></p><p></p><p>I'm still waiting for some return on my "investment" as a taxpayer in GM. I don't care that GM is paying back all of the money--they took my money for an extended period of time, and I demand recompense for that. The government having to kick cash over to GM furthers the debt, which furthers my "burden" as a taxpayer, thus the recompense is justly deserved. Banks charge interest on loans, and I my "interest rate" certainly wasn't 0%! :grin:</p><p></p><p></p><p></p><p>So here's a question. There's a 2011 Chevy, and two groups of people claim ownership: the lone guy with the title, and 5 guys who have been life-long US taxpayers. All of the same age. Which group has greater "ownership" of the Chevy?</p><p></p><p></p><p></p><p>(BTW, this whole bit has been massively tongue-in-cheek, facetious if you will.)</p></blockquote><p></p>
[QUOTE="Kevin Lang, post: 963120, member: 65699"] Wow. If this forum has a maximum character limit per post, it must be insanely high. Once again, we've learned that Sarcasm + Argument + Internet = complete cluster$%*! The weather still sucks in Maryland. :angry: Well, at least it isn't [i]hot[/i] yet. I'll take the predicted "cooler, wetter summer" over the high heat and ridiculous humidity that was last year's. So, if banks are forced to give out some presumed number of loans in areas where the banks would rather not, as they have found that the average credit rating is too low to be worth the risk, who is going to cover the inevitable losses the banks will incur? The obvious, and only answer--which I'll submit as the closest thing we're going to get to a "fact" here in this thread, is that we--the people--will. I'm still waiting for some return on my "investment" as a taxpayer in GM. I don't care that GM is paying back all of the money--they took my money for an extended period of time, and I demand recompense for that. The government having to kick cash over to GM furthers the debt, which furthers my "burden" as a taxpayer, thus the recompense is justly deserved. Banks charge interest on loans, and I my "interest rate" certainly wasn't 0%! :grin: So here's a question. There's a 2011 Chevy, and two groups of people claim ownership: the lone guy with the title, and 5 guys who have been life-long US taxpayers. All of the same age. Which group has greater "ownership" of the Chevy? (BTW, this whole bit has been massively tongue-in-cheek, facetious if you will.) [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
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