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Reply #3: It does suck doesn't it? [View All]

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denverbill Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-31-08 11:48 AM
Response to Original message
3. It does suck doesn't it?
I am buying a house I can afford. I didn't get an no-prinicple ARM with a 5 year balloon on a mansion I couldn't afford. I didn't make the loan to the guy that was buying a mansion he couldn't afford. I'm not running up massive credit card debt.

But I have to pay for the people who made these shitty decisions, while the bank president keeps his cushy job and stock options and the homeowner keeps his McMansion and gets his credit card debt forgiven. And I pay for it with an inflation-riddled dollar meaning everything I buy costs more and the national debt goes up $1 trillion.

Where's the 'personal responsibility' Republicans always claim to call for?
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  -Banks seek help to forgive some credit card debt. Great deal for those not paying. sinkingfeeling  Oct-31-08 11:33 AM   #0 
  - your idea makes far more sense  NJCher   Oct-31-08 11:43 AM   #1 
  - what about  Ah Xoc Kin   Oct-31-08 11:46 AM   #2 
  - It does suck doesn't it?  denverbill   Oct-31-08 11:48 AM   #3 
  - What you don't understand is many people were tricked into these loans by very unscrupulous  TheGoldenRule   Oct-31-08 04:21 PM   #29 
  - I wonder how much of that "debt" is in the form of fees and high interest  Gormy Cuss   Oct-31-08 11:56 AM   #4 
  - That's just it. If the banks weren't so bloody greedy with their usurious  myrna minx   Oct-31-08 12:05 PM   #7 
     - How about making the Credit Card issuers conform to  ben_meyers   Oct-31-08 01:33 PM   #10 
     - It's fundamentally wrong IMHO to increase the interest rate on old debts.  Gormy Cuss   Oct-31-08 02:56 PM   #24 
  - How long before people who have been responsible  ben_meyers   Oct-31-08 12:00 PM   #5 
  - To be fair, they still have bad credit...  RollWithIt   Oct-31-08 12:04 PM   #6 
  - Back in the olden days credit card interest was capped at 12%  MindPilot   Oct-31-08 12:11 PM   #8 
  - It makes me mad when I hear that irresponsible people get out of  klyon   Oct-31-08 12:29 PM   #9 
  - You sir are a sucker.  hawkowl88   Oct-31-08 01:36 PM   #11 
  - You are raising a totally different problem than the one we were discussing  klyon   Oct-31-08 02:07 PM   #12 
  - Stopping interest would help. As it is, do you know how easy it is  closeupready   Oct-31-08 02:36 PM   #20 
  - Your post is total bullshit. Not everyone is "irresponsible". People lose jobs, have health issues  TheGoldenRule   Oct-31-08 04:27 PM   #31 
     - Sorry if I believe in personal responsibility  klyon   Oct-31-08 05:55 PM   #33 
        - So it's fair for people who get catastrophically ill and can't afford to pay it back to suffer?  Zhade   Oct-31-08 07:01 PM   #34 
        - Wrong. Bankruptcy laws were created so that people could start over fresh no matter what.  TheGoldenRule   Oct-31-08 11:48 PM   #40 
        - "...if it takes the rest of their lives, they should have to pay up."  closeupready   Nov-01-08 07:16 AM   #43 
  - However, doing a "charge-off" will hurt your credit rating...  kerry-is-my-prez   Oct-31-08 02:10 PM   #13 
  - They do that anyway  pending   Oct-31-08 02:15 PM   #14 
  - Democrats seek to help sick people with national health care. Great deal for those not healthy.  HamdenRice   Oct-31-08 02:23 PM   #15 
  - IMHO, there's a big difference. I agree with Obama that health care is a right. Going into a  sinkingfeeling   Oct-31-08 02:26 PM   #17 
  - Buying a flat screen tv while employed  HamdenRice   Oct-31-08 02:29 PM   #19 
     - This is why a single government is required, not a few hundred governments  NoMoreMyths   Oct-31-08 02:59 PM   #26 
     - Guess I'm just not as liberal as some here. My parents lived through the Great Depression and  sinkingfeeling   Oct-31-08 03:33 PM   #27 
        - I guess you're not. How about that.  closeupready   Oct-31-08 03:38 PM   #28 
        - ...... wait for it.... wait for it....  lonestarnot   Oct-31-08 08:14 PM   #37 
           - Hello  carpentrerman   Oct-31-08 08:26 PM   #38 
              - Roll with the flow. Nothing worth getting too upset over on a message board. And by the way Ebay  lonestarnot   Oct-31-08 09:02 PM   #39 
  - Yeah, and what's with those lucky fucks collecting unemployment?  Zhade   Oct-31-08 07:02 PM   #35 
  - While interest rate caps are a good idea- if you take it a step further  depakid   Oct-31-08 02:24 PM   #16 
  - that is an excellent point  Scout   Oct-31-08 02:57 PM   #25 
  - To all those who made wise decisions and aren't in financial trouble...  lelgt60   Oct-31-08 02:28 PM   #18 
  - i wish we were all as wise as you :-)  Scout   Oct-31-08 02:50 PM   #22 
  - Who could have predicted . . .?  gratuitous   Oct-31-08 02:45 PM   #21 
  - "the grass was greener in Minemineallmineland"  Scout   Oct-31-08 02:52 PM   #23 
  - Yep. That sound you hear is the banks' bung-holes puckering.  carpentrerman   Oct-31-08 08:09 PM   #36 
  - Good. (n/t)  Naturyl   Oct-31-08 04:22 PM   #30 
  - Don't believe it for a MINUTE...  SoCalDem   Oct-31-08 04:50 PM   #32 
  - Actually, that's a great deal for the credit card companies.  El Pinko   Nov-01-08 02:20 AM   #41 
  - If you think it's a great deal, then don't pay.  Waiting For Everyman   Nov-01-08 03:08 AM   #42 
 

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