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The Blame Game and the Subprime Mortgage Lending Meltdown
National News August 22, 2007
The subprime mortgage lending blame game is in full swing — with people arguing about who's at fault for mortgage defaults, bond losses and lender failures — but "we're only in the very top of the ...
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| Subject | Posted By | Posted On |
|---|---|---|
| Sub Prime Mortgage Failures | Shrinivas Shikhare | Aug 28, 2007, 12:27 am |
| RE: RE: RE: media mogul - Our phony economy | Mark | Aug 27, 2007, 3:56 pm |
| RE: RE: RE: RE: RE: media mogul - Our phony economy | Shield | Aug 27, 2007, 3:41 pm |
| RE: RE: RE: RE: media mogul - Our phony economy | GB | Aug 27, 2007, 3:33 pm |
| RE: RE: RE: media mogul - Our phony economy | Shield | Aug 27, 2007, 3:29 pm |
| RE: RE: media mogul - Our phony economy | GB | Aug 27, 2007, 3:24 pm |
| RE: media mogul - Our phony economy | Mark | Aug 27, 2007, 3:21 pm |
| RE: RE: GREAT NEWS EVERYBODY!!!! | High & Mighty | Aug 24, 2007, 10:20 am |
| RE: re;compman | Compman | Aug 23, 2007, 3:27 pm |
| Scary comments today | Sad but True | Aug 23, 2007, 3:26 pm |
| re;compman | concerned agent | Aug 23, 2007, 3:09 pm |
| RE: RE: RE: RE: re:sad but true | Shield | Aug 23, 2007, 2:21 pm |
| RE: GREAT NEWS EVERYBODY!!!! | Compman | Aug 23, 2007, 1:43 pm |
| GREAT NEWS EVERYBODY!!!! | Gill Fin | Aug 23, 2007, 1:30 pm |
| re: gimme shelter | concerned agent | Aug 23, 2007, 10:41 am |
| RE: RE: RE: RE: RE: RE: RE: RE: re:sad but true | GB | Aug 23, 2007, 10:35 am |
| Media Mogul | Feed Up with Politics | Aug 23, 2007, 10:32 am |
| RE: RE: RE: RE: RE: RE: RE: re:sad but true | gimme shelter | Aug 23, 2007, 10:19 am |
| RE: RE: RE: RE: RE: RE: re:sad but true | GB | Aug 23, 2007, 9:20 am |
| RE: RE: RE: RE: RE: re:sad but true | gimme shelter | Aug 23, 2007, 9:16 am |
| RE: RE: RE: RE: re:sad but true | GB | Aug 23, 2007, 8:46 am |
| RE: RE: RE: re:sad but true | gimme shelter | Aug 23, 2007, 8:24 am |
| RE: RE: re:sad but true | GB | Aug 23, 2007, 8:14 am |
| RE: re:sad but true | gimme shelter | Aug 23, 2007, 8:03 am |
| RE: re:sad but true | Dodger | Aug 22, 2007, 9:14 pm |
| RE: re:sad but true | underwriter | Aug 22, 2007, 6:06 pm |
| re:sad but true | concerned agent | Aug 22, 2007, 6:03 pm |
| re:sad but true | concerned agent | Aug 22, 2007, 5:27 pm |
| RE: RE: Not my fault | LLH | Aug 22, 2007, 5:20 pm |
| RE: Not my fault | Sad but True | Aug 22, 2007, 5:07 pm |
| RE: Not my fault | HD | Aug 22, 2007, 4:49 pm |
| RE: Not my fault | Compman | Aug 22, 2007, 4:18 pm |
| RE: Not my fault | underwriter | Aug 22, 2007, 4:17 pm |
| RE: Not my fault | Master of Reality | Aug 22, 2007, 4:17 pm |
| Not my fault | Sad but true | Aug 22, 2007, 3:58 pm |
| RE: MEDIA MOGUL | concerned agent | Aug 22, 2007, 3:43 pm |
| Re: media mogul | concerned agent | Aug 22, 2007, 2:54 pm |
| RE: RE: RE: RE: RE: Our phony economy | A. RIGHT-THE SAGA CONTINUES | Aug 22, 2007, 2:54 pm |
| RE: RE: RE: RE: Our phony economy | GB | Aug 22, 2007, 2:38 pm |
| RE: RE: RE: Our phony economy | ALWAYS RIGHT PART II | Aug 22, 2007, 2:29 pm |
| RE: RE: Our phony economy | GB | Aug 22, 2007, 2:21 pm |
| RE: Our phony economy | ALWAYS RIGHT | Aug 22, 2007, 2:16 pm |
| Our phony economy | media mogul | Aug 22, 2007, 1:57 pm |
| correction | GB | Aug 22, 2007, 1:54 pm |
| RE: Final comment | GB | Aug 22, 2007, 1:53 pm |
| Final comment | Homeowner | Aug 22, 2007, 1:40 pm |
| Homeowner | Compman | Aug 22, 2007, 1:37 pm |
| RE: RE: stupid people | DWT | Aug 22, 2007, 1:34 pm |
| RE: Sub Prime Mortgage Failures | dwt | Aug 22, 2007, 1:31 pm |
| RE: stupid people | Greedy | Aug 22, 2007, 1:27 pm |
| Professionals | Homeowner | Aug 22, 2007, 1:24 pm |
| Sub Prime Mortgage Failures | Mr Truth | Aug 22, 2007, 1:23 pm |
| RE: Mortgages | DWT | Aug 22, 2007, 1:23 pm |
| RE: Mortgages | Compman | Aug 22, 2007, 1:22 pm |
| RE: Mortgages | Drewboy | Aug 22, 2007, 1:20 pm |
| Mortgages | Homeowner | Aug 22, 2007, 1:09 pm |
| This is America | Patriot | Aug 22, 2007, 1:06 pm |
| Related Story | Homeowner | Aug 22, 2007, 1:04 pm |
| You are so right.... | another guy named Rick | Aug 22, 2007, 12:00 pm |
| It's everyone's fault | GB | Aug 22, 2007, 7:51 am |
| Back to article | ||


Subject: RE: RE: RE: RE: RE: RE: RE: re:sad but true
But the main point is that everyone is coerced into paying for the police dept. whether they want to or not, or whether they want their "services" or not. To focus in on car thefts: suppose that someone has an old junker and they don't care if it gets stolen; or someone has the latest high-tech security system that has been shown to be invulnerable to car theft; or someone never parks their car on a public street; or indeed has no car at all. These people would most likely not want to pay for the police in relation to their cars.
Let's take a similar situation: suppose that there was a home improvement/fix-up contractor in a town. They say, "O.K., we're going to force everyone into paying us, whether they elect to use our services or not. With the money we receive, we'll go around and fix up homes that need repair; if we didn't, the town would not be as attractive as if we didn't. True, the people who have newer homes or who are handy themselves with tools, or who don't even want their houses fixed up will not ask for our services, but that's too bad. 'Society' must pay for the upkeep of the houses that need it. Oh, and by the way, even though you paid us, we're not obligated to you in any way" Would you put up with that?
I'll end this with the world's shortest political quiz: Do you think that any services should be provided at the barrel of a gun? That is, do you think people should be forced, by violence or the ultimate threat thereof either to themselves or others, to pay for something they don't want? If your answer is "yes," then it's unlikely that anyone can deal with you on a rational, logical, or peaceable basis. If your answer is "no," then we have a foundation for discussion, and the starting point should be whether or not the "service" provider is offering their services on a voluntary basis (no, not "voluntary" as in free, but voluntary as in not coerced).