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   alt.politics.communism      Whats yours is mine...      8,857 messages   

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   Message 8,073 of 8,857   
   publius2k to All   
   'Foreclosure crisis' and predatory lendi   
   27 Oct 08 13:54:30   
   
   XPost: alt.anarchism, alt.politics.socialism, alt.philosophy.objectivism   
   From: pub?@?li.us   
      
   The enabling legislation for the 'foreclosure crisis' was The Bankruptcy Abuse   
   Prevention   
   and Consumer Protection Act of 2005   
      
   This ill-guided law guaranteed that the government would be the strongarm   
   enforcers for   
   the loansharks, the predatory lenders.  Without the government guarantees   
   provided by   
   BAPCPA, no bank would have lent 125% on appraised value.   
      
      
   --   
   Said American [Indian] Chieftain Acuera in reply to   
   the invader de Soto's demand for submission to   
   the king and the church so as to 'enjoy the benefits   
   of 'civilization' and service:   
      
   "I have long since learned who you [European Christians] are,   
   through others of you who came years ago to my land;   
   and I already know very well what your customs and   
   behavior are like.  To me you are professional   
   vagabonds who wander from place to place,   
   gaining your livelihood by robbing, sacking and   
   murdering people who have given you no offense.   
    ... Accordingly, I and all of my people have vowed   
   to die a hundred deaths to maintain the freedom   
   of our land.  This is our answer, both   
   for the present and forevermore."   
    -- "Florida of the Inca" (1591)   
       by El Inca [aka Garcilaso de la Vega]   
     - First American Author to be published.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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