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  1. Originally posted by Risto:[..]

    I can name as many countries where it does work. People are just too 'stupid' (big mortgages, huge loans, 3 maxed out creditcards) sometimes. And the non-'stupid' will always suffer, since humans are social creatures (nothing wrong with that we should be there for others, not unlimited though).

    There is no system that can protect people from themselves.


    I've actually been trying to change my tendency to be a loner, but those who act that way do nothing to encourage me.
  2. Originally posted by Yogi:[..]

    But the system will have to do it. Yeah, every crisis is people's fault, but people will always do as much as system allows them.



    You cant grow as a person if your not allowed to fail.
  3. Originally posted by rubymoon:[..]

    ... is it a childs fault if they are born into poverty and spend the rest of their life striving to make ends meet just to eat.



    It's not a child's fault they are born into poverty, but there are so many examples of people who had nothing and worked their way up to 'riches'. I'll be the first person to tell you I could be rich right now if I had made better choices when I was younger.........
  4. Originally posted by Yogi:[..]

    Yeah, but it's the system that alows mortgages, loans and such stuff. And in the end it's the system that gains profit if someone can't return their loan.

    Take for example 2008 recesion in USA. Imagine that you already paid 50% of your mortgage, but you lose your job and therefore you can't pay any more for it. Then bank takes the house from you (without returning what you already paid!). So, banks did make huge profit in 2008. And then USA government gave them 750 billion $.

    And you just think to yourself: ok, what the fuck just happened? Did they just took my house away and made huge profit on it and then government gave them award for it?!


    Allows?

    I said before and I'll repeat it. If I take out a mortgage that I cant afford, it's my fault no one else's.

    Also, banks dont usually make huge profits on foreclosed homes. 1) it costs a lot of money to foreclose a home. 2) it takes a few months at least to finish the process which means the bank is getting no money from you while they have to cover the taxes for a bit before they can resell it. 3) a house may be worth $100,000 but a bank cannot afford to have a house sitting on their books for a long time, so they often sell homes for only what is left on the mortgage - if you already paid off $50,000 out of $100,000, they will probably sell it for $55,000 to $65,000 and there isnt much profit for them. Once I saw a home sell for only the amount of the back taxes on it. That means a $85,000 home sold for $12,000. Yes the system does need changes, but people like to blame the banks because it makes them feel like crap to blame themselves......
  5. Originally posted by Guenther:[..]

    It's not a child's fault they are born into poverty, but there are so many examples of people who had nothing and worked their way up to 'riches'. I'll be the first person to tell you I could be rich right now if I had made better choices when I was younger.........


    +1.

    Fortunatly I'm at the point in my life where I can still work my way up. I have no intention of being rich though. I just want a wife, kids, a good job, a nice house, a nice car, and 2 dogs.
  6. Originally posted by Guenther:[..]

    Allows?

    I said before and I'll repeat it. If I take out a mortgage that I cant afford, it's my fault no one else's.

    Also, banks dont usually make huge profits on foreclosed homes. 1) it costs a lot of money to foreclose a home. 2) it takes a few months at least to finish the process which means the bank is getting no money from you while they have to cover the taxes for a bit before they can resell it. 3) a house may be worth $100,000 but a bank cannot afford to have a house sitting on their books for a long time, so they often sell homes for only what is left on the mortgage - if you already paid off $50,000 out of $100,000, they will probably sell it for $55,000 to $65,000 and there isnt much profit for them. Once I saw a home sell for only the amount of the back taxes on it. That means a $85,000 home sold for $12,000. Yes the system does need changes, but people like to blame the banks because it makes them feel like crap to blame themselves......


    +1.
  7. The commie bums on wallstreet have gained very little mainstream credibility. I expect them top die out by Christmas.
  8. Anti-semitism, and violence does nothing to endure a movement to the American people.
  9. Originally posted by wtshnnfb01The commie bums on wallstreet have gained very little mainstream credibility. I expect them top die out by Christmas.


    100.000 in Rome, 350.000 in Madrid, even 10.000 in Zagreb where I attended the protest in support of Wall Street protest. There were more than 750 protests around the world on 15. october. Yeah, that's very little.
  10. I saw one of the protests. They had banners in support of "The Communist Worker Party of Iran".

    Communism, DOES NOT WORK.
  11. It worked in some countries. But capitalism in quite some more countries.

    The system ain't the problem. Greed is. We are all greedy in one way or the other. What do we expect? To have it better each year? Some days are better than others.
  12. All those people who prostested, here in Holland, are or not smart enough to get a good job or to lazy to get a job. It really irritates me.
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Contribute to the U2 community with uploading photos or by telling us which shows you have visited.
Contribute to the U2 community with uploading photos or by telling us which shows you have visited.