“…In a free market you can shop for the right loan. In a heavily regulated industry you get banks that are "too big to fail."” – DJ
Perhaps my memory fails…I was *sure* that the recent banking situation occurred *after* years of deregulation… On Feb 8, 7:00 am, Don Johnson <[email protected]> wrote: > They still get their pound of flesh. The bank buys the property and > then rolls all the customary fees and interest and taxes into a new > selling price for the buyer. And since the buyer is now unable to > take the customary mortgage payers deductions they get screwed another > way. Foolish. Like so many other religious tenets there was probably > a good reason for doing this a thousand years ago. Just like there > was probably a good reason for not eating pork. Those reasons don't > exist in the civilized world anymore. In a free market you can shop > for the right loan. In a heavily regulated industry you get banks > that are "too big to fail." > > dj > > > > On Mon, Feb 8, 2010 at 7:21 AM, Pat <[email protected]> wrote: > > > On 3 Feb, 16:35, Lee <[email protected]> wrote: > >> This sorta stuff is getting our of hand isn't it? > > >> I mean this culture of blame, okay we can certianly blame the banks > >> for the world wide finacial situation we are currently in, but can we > >> really blame any politician for not solving the problems quickly > >> enough? > > >> Shit even if Mr Cameron comes to power over here I still just couldn't > >> put blame on him for not sorting out this mess. I don't how to sort > >> it, do any of you? > > > Yup. Islamic banking! And I mean Islamic banking WITHOUT all the > > loopholes that people, lately, have brought into it. The current > > banking problems simply would not have been possible. Think of a > > world without institutionalised usury that constantly preys upon those > > with little or no money by charging them even more. Of course Islamic > > banking isn't in concord with capitalism and that means that greedy- > > arsed money-grubbers won't like it. Tough, I say!! > > >> On 3 Feb, 15:20, rigsy03 <[email protected]> wrote: > > >> > There have been many articles about homeowners just walking away from > >> > their mortgages because of the depressed value versus their payments, > >> > insurance, taxes, etc. Obama will not be able to solve this one and he > >> > and his administration have made the situation catastrophic for the > >> > present and future. Contract law is becoming a joke as people feel > >> > free to do as they please and they feel justified by pointing to > >> > scandals that make the news. > > >> > On Feb 3, 7:55 am, Molly <[email protected]> wrote: > > >> > > I believe Obama was successful in getting info from the Swiss banks > >> > > themselves, or so the press here reported. Perhaps the German > >> > > government might be successful in getting this information from the > >> > > banks. > > >> > > On Feb 2, 9:10 pm, archytas <[email protected]> wrote: > > >> > > > No morals involved Francis. We do people for pennies in benefit > >> > > > fraud > >> > > > on the basis of information from much slimier sources. The only > >> > > > questions are about how to agree how to pay the informant. > > >> > > > On 2 Feb, 17:13, Lee <[email protected]> wrote: > > >> > > > > I think that perhaps Fran this is actualy a much larger question > >> > > > > than > >> > > > > at first percived to be. > > >> > > > > What actions should a goverment take in the running of the country? > > >> > > > > I think that any goverment has it's own share of 'wet' and 'black' > >> > > > > work going on don't you? I also think that thye majority of us > >> > > > > understand the necisity of such work, and so cannot in all god > >> > > > > conciousness complain over much about such dubiouse morality. > > >> > > > > So when measured against this, and in these chaotic finacial times, > >> > > > > then perhaps theft can also be forgiven? > > >> > > > > Well like most things I guess we need to look at specifics, but > >> > > > > personaly I'm going to have to say on this one, that at times any > >> > > > > goverment is bound to act imorraly for the benifit of the country, > >> > > > > and > >> > > > > in all probabilty this being the case we have to deem such actions > >> > > > > as > >> > > > > exceptable. > > >> > > > > On 2 Feb, 16:59, frantheman <[email protected]> wrote: > > >> > > > > > The German government has been offered a CD containing data > >> > > > > > concerning around 1,500 bank accounts in Switzerland where money > >> > > > > > has > >> > > > > > been squirreled away by Germans to avoid paying tax in Germany. > >> > > > > > The > >> > > > > > data was stolen. The asking price for the CD is € 2.5 million. > >> > > > > > The > >> > > > > > information is estimated to be worth around € 100 million to the > >> > > > > > German tax authorities. > > >> > > > > > The Swiss are, predictably, incandescent. Personally, as someone > >> > > > > > who > >> > > > > > pays taxes in Germany, I don't have much sympathy with those rich > >> > > > > > enough to avoid paying their taxes by trying to hide money in > >> > > > > > other > >> > > > > > countries and taking a hit for doing so. On the other hand, > >> > > > > > there is > >> > > > > > no doubt that the German government is giving a signal that > >> > > > > > certain > >> > > > > > kinds of crime pay, as long as the return from other criminals > >> > > > > > (rich > >> > > > > > tax dodgers) is big enough. In one sense, the government is > >> > > > > > undoubtedly guilty of the crime of knowingly receiving stolen > >> > > > > > goods. > >> > > > > > Should they do it? > > >> > > > > >http://www.spiegel.de/international/germany/0,1518,675371,00.html > > >> > > > > > Francis- Hide quoted text - > > >> > > - Show quoted text -- Hide quoted text - > > >> > - Show quoted text -- Hide quoted text - > > >> - Show quoted text - > > > -- > > You received this message because you are subscribed to the Google Groups > > ""Minds Eye"" group. > > To post to this group, send email to [email protected]. > > To unsubscribe from this group, send email to > > [email protected]. > > For more options, visit this group > > athttp://groups.google.com/group/minds-eye?hl=en.- Hide quoted text - > > - Show quoted text - -- You received this message because you are subscribed to the Google Groups ""Minds Eye"" group. To post to this group, send email to [email protected]. 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