Reagan? That was 20 years ago. How about NOW ---
Here's an idea, Jean.... stop cross-posting. Try it sometime!
"Jean Smith" <go_termite@[EMAIL PROTECTED]
> wrote in message =
news:go_termite-25B82D.11420423032008@[EMAIL PROTECTED]
> In article <4rSdnfw0Y9zQO3janZ2dnUVZ_r-vnZ2d@[EMAIL PROTECTED]
>,
> "Olin" <olin62@[EMAIL PROTECTED]
> wrote:
>=20
> > "Boston Blackie (Read only 0.01% by KD the Merciless!)" =
<bblackie@[EMAIL PROTECTED]
>=20
> > wrote in message news:2008032016124375249-bblackie@[EMAIL PROTECTED]
> > > On 2008-03-20 09:34:27 -0500, "Olin" <olin62@[EMAIL PROTECTED]
> said:
> > >
> > >>
> > >> "Stupendous Man" <Mr@[EMAIL PROTECTED]
> wrote in message=20
> > >> news:s7oEj.12728$%15.947@[EMAIL PROTECTED]
> > >>>
> > >>> "mg" <mgkelson@[EMAIL PROTECTED]
> wrote in message=20
> > >>> =
news:d9c984a6-2b29-445e-abb2-393266e99ed7@[EMAIL PROTECTED]
> > > On
> > >>>
> > >>>> Mar 13, 8:37 am, "rick++" <rick...@[EMAIL PROTECTED]
> 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=20
> > >>> 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?=20
> > >> The complain was NEVER that no loan was available at all... =
merely that,=20
> > >> just like the SBA requires farmers (for example) to buy NEW =
equipment=20
> > >> rather than serviceable USED equipment, many marginally qualified =
home=20
> > >> loan seekers were strong-armed into more loan than they needed =
through=20
> > >> overqualification. And, more often than you might imagine, their =
loan=20
> > >> dramatically changed from acquistion to closing table, usually =
requiring=20
> > >> more points to be paid up front OR the loan being quietly changed =
from a=20
> > >> fixed rate to an ARM.
> > >>
> > >> And, of course, the feds knew about this all along, right along =
with=20
> > >> other tidy little "practices" like switching billing addresses so =
a=20
> > >> payment could be counted late and a fee applied, and they chose =
to not=20
> > >> only NOT do anything about it... they actually worked to protect =
the=20
> > >> crooks in the lending industry.
> > >>
> > >> As more light gets ****ned on insurance and the whole credit =
industry,=20
> > >> with tidbits like BC/BS trying to demand that doctors disclose=20
> > >> confidential patient information they can use to deny coverage =
and BOA=20
> > >> raising interest rates on people who are paying their bills on =
time as an=20
> > >> "incentive" to get them to pay off balances earlier, it becomes =
more and=20
> > >> more clear just how nefarious these bastards AND their protectors =
in=20
> > >> Wa****ngton truly are.
> > >>
> > >> Old Woody had it right... "Some folks rob you with a six gun. =
Some use a=20
> > >> fountain pen."
> > >
> > > Olin, Olin, Olin. Eve knows it's all Teddy Kennedy's fault. =
Don't make=20
> > > her cry again.
> > >
> >=20
> > Oh yeah, right. I forgot.=20
>=20
> I think it was Reagan who encouraged buying on credit to restart the=20
> economy and them ended the interest deduction.
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