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.........
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......
Originally posted by wtshnnfb01The commie bums on wallstreet have gained very little mainstream credibility. I expect them top die out by Christmas.
Originally posted by Mr_Trek:Communism light, aka socialism can work.
Originally posted by Mr_TrekI saw one of the protests. They had banners in support of "The Communist Worker Party of Iran".
Communism, DOES NOT WORK.
Originally posted by Yogi[..]
Communism does not work and capitalism obviously does not work too.
Yeah, greed is the problem, but it's the system that allows that greed and has no intentions to stop it.
I saw all kinds of banners, because in this situation people from both left and right wing are protesting together.