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re: So, maybe we should force people to pay for stuff...

Posted on 9/30/08 at 1:48 pm to
Posted by Herb
Amite LA
Member since Dec 2003
6528 posts
Posted on 9/30/08 at 1:48 pm to
quote:

I am the professional of my money; you are the professional of yours. If I enter a bad debt agreement then it is as much my fault as anyone elses. Period.
You know that is a distortion of "professional". You ARE a professional, so get real. I'm not saying that there weren't stupid people who bought for a whole range of reasons. I am saying that the prime responsibility for making the loan was with the bank. They made the loans, bundled them and sold them, so, when they went sour, and they KNEW they would go sour, they were no where near, and had no recourse.
This post was edited on 9/30/08 at 1:49 pm
Posted by igoringa
South Mississippi
Member since Jun 2007
11876 posts
Posted on 9/30/08 at 2:02 pm to
quote:

I am saying that the prime responsibility for making the loan was with the bank.


Two sides to every agreement... both sides agree to a deal and are equally culpable... enough of the personal responsibility skirting.
Posted by igoringa
South Mississippi
Member since Jun 2007
11876 posts
Posted on 9/30/08 at 2:12 pm to
quote:

It was all profit because if they got paid, they were killing the people on rates and if they didn't they did not feel the loss.


Yeah I agree... never did not agree on that aspect
Posted by Checkmateking2
Paradise Island, Bahamas
Member since Aug 2008
6692 posts
Posted on 9/30/08 at 2:15 pm to
If they cant pay the original note, how the hell can they pay the penalties
Posted by Rollie Fingers
Poster Emeritus
Member since Feb 2008
7427 posts
Posted on 9/30/08 at 2:17 pm to
somebody down the line is paying it is the point.
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