its coming...the revolt is here
#1
Posted 14 September 2009 - 01:12 PM
#2
Posted 14 September 2009 - 01:52 PM
#3
Posted 14 September 2009 - 01:58 PM
#4
Posted 14 September 2009 - 02:06 PM
Excuse Me - 30% - when they are paying less than 1.5% on a CD. I can't wait for the public as a whole just refuses to pay all debt and demand their pay checks in cash. That might shake things up a bit.
Mary Anne
So you don't think people have a responsibility to pay their debts? It's OK to buy something and then decide it's not convenient to pay?
IT
#5
Posted 14 September 2009 - 02:17 PM
#6
Posted 14 September 2009 - 02:31 PM
Lenders take risks as much as the borrower. There needs to be a happy medium.
This whole mess has taught folks that banks are willing to back down, as the whole subprime mess has shown. There are people who are squatting in their foreclosed homes for years now.
At first the banks were kicking them out, now they aren't. I assume similar compromise will be made between card debt holders and the banks, as folks learn that it is OK to fight back.
Its not about who's right or wrong, its about seeing whats going on. Corporations vs individuals. This battle has occured before. In the 70ties. Its just a sign of a secular bear.
Sure, it's about right and wrong. The problem here is this girl decides she's not paying for what she consumed, and all of us end up paying for her, via direct bailouts, higher interest rates, or no credit at all.
IT
#7
Posted 14 September 2009 - 02:32 PM
klh
#8
Posted 14 September 2009 - 02:34 PM
#9
Posted 14 September 2009 - 02:36 PM
Sure, it's about right and wrong. The problem here is this girl decides she's not paying for what she consumed, and all of us end up paying for her, via direct bailouts, higher interest rates, or no credit at all.
IT
welcome to the government system. I'm paying more taxes while everyone shares the same benefit.
right and wrong are just perceptions in a given time, at least as far as issues like these are concerned. but its something we can argue for days, if not years, so no use in going there.
#10
Posted 14 September 2009 - 02:38 PM