Re: the simple minded conservatives have been saying "just negotiate, and this will work itself out", but the progressives are saying" hey, the free market has hung itself again, But these days, a loan servicing company would have t o pluck that $

Group: alt.politics.economics
From: "Mark M."
Date: Friday, September 07, 2007 11:38 PM
Subject: Re: the simple minded conservatives have been saying "just negotiate, and this will work itself out", but the progressives are saying" hey, the free market has hung itself again, But these days, a loan servicing company would have t o pluck that $

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Les Cargill wrote:
> Mark M. wrote:
>
>> Video61@ wrote:
>>
>>> On Sep 7, 7:46 pm, Les Cargill wrote:
>>>
>>>> Mark M. wrote:
>>>>
>>>>> Vide...@ wrote:
>>>>>
>>>>>> of course this mess will require government action to unwind this
>>>>>> free
>>>>>> market debacle
>>>>
>>>>
>>>>> Current financial problems are the result of unproductive
>>>>> investment in
>>>>> land, consumer credit, patents, monopolies, and government debt.
>>>>> Cancel
>>>>> the debts by State decree and eliminate future investment
>>>>> opportunities
>>>>> in these areas by reforming the monetary system, tax system, and
>>>>> banking
>>>>> system.
>>>>
>>>>
>>>>> Spend money into circulation, tax economic rent, stop government
>>>>> borrowing, and provide state funded health care, pensions and full
>>>>> education.
>>>>
>>>>
>>>>> Mark M.
>>>>
>>>>
>>>> When you do things like this, the Proles will vote for you. Funny
>>>> how that works. It's almost anthropic - we see behavior
>>>> that causes people to be visible. Amazing.
>>>>
>>>> --
>>>> Les Cargill
>>>
>>>
>>>
>>> i doubt a moron like you could spot fraud. as the shoes drop, we may
>>> see that fraud was a very large part of this bubble. in the meantime a
>>> piece of crap like you will blame the victim, not the perp.
>>>
>>
>> In 1913 it took 6 years of rent payments to own the house/land. In
>> 1946 it was 15 years. Now they are writing 50 year mortgages. 50
>> years of paying hard-earned rent to a mortgage lender who didn't
>> contribute shit to producing a damn thing. The land was already here.
>> Now if that's not fraud I don't know what is.
>>
>> Mark M.
>
>
> Why is it that the people who sign up for a 50 year mortgage
> get a free pass here? After all, they place *themselves* on
> the meathook. After all, it's really difficult to rationalize
> somebody going through the closing process being so simple
> that they cannot be trusted to enter into contracts.
>
> That illustrates a much more profound problem.

Les, are you singing the old free choice song? It's a free kuntry. Hell, you got
a choice: choice of working various shit jobs for the same shit pay, choice of
either corrupt political party, choice of 30, 40, or 50 year mortgage, etc.

Mark M.