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3/18/2010 5:45:25 PM

Yes, a loan is nothing to a healthy bank which can get loans all day at roughly the same rate the government charged them.

Kris, where is the conspiracy? You communists, everything is a conspiracy to you guys. Why is it so hard for you to believe that government personnel are human beings that play favorites? I never said Goldman Sachs had paid anyone off. Such is unnecessary. The people making the decisions are pressured by the public to do something, and whatever they do is going to favor some businesses over others, it might as well favor their former employer. They are just giving voters what they want

Do you not see how this law as summarized would favor large businesses over small? I have stated repeatedly that I have no idea who wrote this law, I said specifically it could just be a happy coincidence that it favors large actors, some of which clearly oppose the law, perhaps for provisions of the law that have not been presented here. I don't know. What I do know is this law as described will tie up smaller competitors which face a competitive disadvantage when it comes to navigating red tape. Do you disagree with this conclusion?

3/19/2010 2:05:48 AM

Quote :

"LoneSnark: BridgetSPK, why do you want to stop the giving of credit to poor people? You know they don't actually have to pay it back, right? Or is that your point, that the lives of the poor are too easy and they must be forced to suffer further through overdraft fees, payday lenders, and loan sharks, their only remaining alternatives after you cut off their access to credit."

Shaggy was talking about stupid people, not poor people.

I wasn't aware that poor people were getting significant amounts of credit. Most of the less affluent folks I know have a couple $200-limit credit cards that are invariably maxed out, and that's about it.

Of course, I'd like to eliminate overdraft fees and payday lenders. Loan sharks can be cool. Most people do endure circumstances when they need money that they don't have, and people deserve fair terms--credit cards, checking overdrafts, and and payday lenders do not provide fair terms. They also tend to make accessible amounts of money that people cannot conceivably pay back.

3/19/2010 2:07:41 PM

And loan-sharks provide better terms? The terms from CCs and payday lenders are not magic, those are the terms under which legal lenders are willing to lend. If you regulate away those terms, they do not offer loans at better terms, they just stop offering loans. Which leaves only loan-sharks. While they won't hurt your credit, they will impact your ability to walk without a limp. How can you hate people with bad credit so much that you would make this their only option?

3/19/2010 2:24:36 PM

I understood your point the first time.

I'm taking the third option that you're refusing to provide: people get money they need and don't have at favorable, reasonable, fair, etc...rates and terms.

You're saying we have to either accept these predatory and aggressive and abusive tactics, or we get no money/credit/loans at all...again, I'd like another option, please.

3/19/2010 2:36:42 PM

haha. you are against fees that discourage people from writing a check for more than they have in the bank? lol. what a fucking idiot

3/19/2010 2:45:23 PM

^?

Actually, they encourage people to spend money they don't have. Didn't you know? Overdraft fees are part of a "courtesy" program that the banks decided to provide to us. In fact, if you don't direct them to opt you out of their gracious program, the bank will cover ten extra charges a day, and it'll only cost your broke ass $350/day. Wow, what a great value!

And nobody writes checks anymore, idiot.

3/19/2010 2:54:21 PM

Quote :

"Yes, a loan is nothing to a healthy bank which can get loans all day at roughly the same rate the government charged them."

Perhaps you don't realize the how difficult credit was to obtain then. Who was going to loan them the money? Another bank that took TARP?

Quote :

"Kris, where is the conspiracy? You communists, everything is a conspiracy to you guys. Why is it so hard for you to believe that government personnel are human beings that play favorites?"

Where have I ever argued conspiracies? Don't give me strawmans.

Quote :

"I said specifically it could just be a happy coincidence that it favors large actors, some of which clearly oppose the law, perhaps for provisions of the law that have not been presented here. I don't know. What I do know is this law as described will tie up smaller competitors which face a competitive disadvantage when it comes to navigating red tape. Do you disagree with this conclusion?"

I'll go with Occam's razor.

Quote :

"Do you not see how this law as summarized would favor large businesses over small?"

That's not really the argument you're making. You're trying to argue that somehow big banks are puppeting this legislation meanwhile putting up some sort of smokescreen to try and keep us from seeing it.

3/19/2010 9:21:43 PM

that's not at all what he's saying.

3/19/2010 9:38:58 PM

Apparently you can read minds by sucking dicks.

3/19/2010 9:45:30 PM

apparently you can read minds by asserting that the house has the filibuster

3/19/2010 9:46:58 PM

Is it tough to type while sucking dick?

3/19/2010 9:48:28 PM

is it tough to type while thinking that the house has the filibuster?

3/19/2010 9:48:57 PM

why no loud fonts?

3/19/2010 9:52:25 PM

tell me about that filibuster in the house again

3/19/2010 9:59:26 PM

I'll tell you the same thing I've told you ever time you've asked.

3/19/2010 10:00:19 PM

i just wanna hear more about how those evil republicans are using a rule in the house that only exists in the senate

3/19/2010 10:00:49 PM

you can hear about how the legislative process can be stopped in the house or the senate.

3/19/2010 10:02:25 PM

the senate can stop legislation talks in the house now? on legislation that they already passed? wow!

3/19/2010 10:08:50 PM

Presidential Weekly Address for March 20, 2010

3/20/2010 5:37:57 PM

nice, supplanter!
but yes, the time to take over more of the nation is, in fact, now, before you get assraped in November

3/20/2010 5:54:27 PM

guess funny or die has some real political power

7/16/2010 10:16:43 PM

Quote :

"I'm taking the third option that you're refusing to provide: people get money they need and don't have at favorable, reasonable, fair, etc...rates and terms. You're saying we have to either accept these predatory and aggressive and abusive tactics, or we get no money/credit/loans at all...again, I'd like another option, please."

And I'd like Santa Clause to exist. Simply wanting something does not make it so. Now, as you refuse to make policy suggestions, I'll make them for you. Without predatory tactics, private lenders will not lend to people unlikely to pay it back. Keep in mind, even with predatory tactics, private lenders already refuse to lend to many Americans.

People go into business to make money, and if they can't make enough money off those that pay to cover those that don't pay, then they shutdown and go away, leaving the credit-unworthy to the mercy of criminal lending organizations with baseball bats. Speaking of which, one option is to reduce the quantity of people that don't pay, as the mob does with baseball bats. We could impose the death penalty as punishment for non-payment. If no one would ever dare take out a loan without paying it back, then lenders would quickly abandon predatory tactics. But I doubt you would accept such a rule change. What can we do? You are unhappy whatever the rules are. What you need is free money to cover the losses!

You refuse to say it explicitly, but there is nothing else you can mean. What you want to happen is have the government go into the lending business, make fair loans to bad debtors, and have the credit worthy cover the losses through their taxes. Would this make you happy?

7/17/2010 4:48:10 AM