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   alt.politics.economics      "Its the economy, stupid"      345,379 messages   

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   Message 344,418 of 345,379   
   super70s to PaxPerPoten   
   Re: Big Daddy: "I paid all my loans back   
   03 Oct 23 01:44:37   
   
   XPost: alt.fan.rush-limbaugh, alt.politics.trump, alt.politics.republicans   
   XPost: alt.politics.democrats.d   
   From: super70s@super70s.invalid   
      
   On 2023-10-03 04:52:47 +0000, PaxPerPoten said:   
      
   > On 10/2/2023 9:28 PM, super70s wrote:   
   >> I guess Big Daddy's never heard of how financial institutions base their   
   >> loan decisions -- and how high an interest rate they charge for their   
   >> loans -- based on how reliable they think the borrower is and how much   
   >> much collateral he presents to them.   
   >   
   >   
   > I guess you are not bright enough to understand how Banks operate.   
      
   Ooh, and you're gonna enlighten us. This should be good.    
      
   > They do not make money unless they are loaned up. Right now you can still   
   > attain a 100% loan on a home without a dime to your name....other then a   
   > sustainable income. A couple of years ago they loaned 100% in some cases   
   > at 2.4%. Business loans are mostly a repeat business and the loans just   
   > keep coming. Bankers get bonuses based on how many money producing loans   
   > are made. Damned the consequences. When you own more then 50% equity the   
   > Bank owns you. When you owe a lot less the 50%,,,On Big loans you own   
   > the bank, they will loan you even more to sustain the existing loan.   
      
   Aw poor Big Daddy, an innocent victim of the system. As always.    
      
   > Most of your Congressman and Senators have utilized these loans,   
      
   Well, at least the Republican pols anyway who don't believe in living   
   within their means -- they keep slashing the government's revenue to no   
   good effect and let future generations worry about it.   
      
   Then they die deep in debt which will surely happen to Trump.   
      
   If he wanted to keep doing the white collar criminal routine and fly   
   under the radar he shouldn't have run for public office especially the   
   presidency -- then it's a totally different game. His decisions affect   
   everyone in the United States, not just his miserable self-centered and   
   Machiavellian existence.   
      
   > So it is Hypocritical to charge others with the same damned corrupt system.   
   > If the Banking industry were to be scrutinized as heavily as Trump...We   
   > don't have a prison system large enough to lock up all the crooks. Start   
   > at the Federal reserve system and work down to the local "Farmers and   
   > Merchants Bank". Now..SHUT THE FUCK UP, until you really have some   
   > knowledge to share.   
      
   Hey...EAT ME CLOWN, just because you rambled on like some kind of   
   pseudo-expert doesn't mean you know shit about it, or how egregiously   
   Trump and his family abused the system year after year. I'm not   
   impressed.   
      
   If these are such bogus charges in your view let's see Trump weasel out   
   of them, he has a bunch of high-priced lawyers in his corner (who may   
   or may not get paid in the end especially since they'll have to get in   
   line behind a potential $250 million court-ordered fine for bank and   
   insurance fraud).   
      
   How much you WANNA BET he does, huh jerk-off???   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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