btw links to "Maxed Out" (have to pay... i'll trust that there may be some of you that know other ways to obtain it): watch online @ amazon: http://www.amazon.com/Maxed-Out/dp/B001F4YOR0/ref=pd_bbs_sr_4?ie=UTF8&s=digital-video&qid=1234538904&sr=8-4
buy the dvd: http://www.amazon.com/Maxed-Out-Mark-Mumma/dp/B000OU081M/ref=pd_bbs_sr_1?ie=UTF8&s=dvd&qid=1234542072&sr=8-1 On Fri, Feb 20, 2009 at 9:01 AM, Charlie Griefer <[email protected]>wrote: > > > On Fri, Feb 20, 2009 at 8:40 AM, Justin Scott < > [email protected]> wrote: > >> >> Scott Stroz wrote: >> > Exactly...a 'reasonable' investment. But people who bought houses with >> > interest only loans so they could afford the $450,000 home on $30,000 a >> year >> > is not what I would call reasonable. >> >> Caveat emptor. Yes, the banks share some responsibility for allowing >> that loan to begin with, but the buyer shouldn't be able to keep the >> property if they were the ones driving the purchase in the first place, >> especially with variable interest rates that could go up at any time. >> People need to be accountable for their decisions. I feel for those who >> made good choices and are now losing their income and unable to keep up >> because of external factors, but I have no sympathy for those that got >> in way over their heads and created this mess to begin with. >> > > By the exact same standard, shouldn't the banks be held accountable for > their decisions? They decided to grant these risky loans (in many cases > they aggressively tried to "sell" them) in order to make money. > risk/reward. high risk, high reward. Really, it's not like these people > ("these people" being those that took the interest only or ARM loans) were > begging and pleading for banks to grant them. > > I saw a documentary recently called "Maxed Out". It was on Showtime, I > believe. Not sure of its availability... but if you can find it I'd highly > recommend watching it. It really paints lending corporations as predators. > You know who they really want as a customer? The kind of person who's late > on their payments. You know why? So they can collect late fees. They > knowingly pursue those that they know cannot make the payments because they > think they can make a few extra bucks. Risk/reward. > > I'm not trying to sound like I want to grant immunity to the mortgage > holders who were greedy. There is definitely culpability there as well. > But it's not all on their shoulders, IMO. "People need to be accountable > for their decisions" goes both ways. > > -- > I have failed as much as I have succeeded. But I love my life. I love my > wife. And I wish you my kind of success. > -- I have failed as much as I have succeeded. But I love my life. I love my wife. And I wish you my kind of success. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:289301 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
