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Originally posted by ecoparity
reply to post by ecoparity
I get it. Because everyone isn't willing to vote how you think they need to in order to fix things or perhaps pick up guns and start a revolution we're all getting what we deserve.
I get the impression you really don't know how the financial system and credit works and to be honest, most of the people pointing fingers at joe public and taking that position all seem to be people who have bad credit and were unable to get a credit card or a sub prime mortgage. They want to jump up and down and act like they were more intelligent than everyone else by not using credit, blah, blah.
You need to draw a distinction between who is responsible and who needs to fix it. The people need to wake up, face reality and start doing something. I'll agree with you on that but the responsibility for this mess doesn't lie with the consumer.
If this is all the fault of the consumer then apparently the people aren't the ones who need to have been doing something about it, by your logic the banks should have been the ones to stand up to all these greedy consumers.
I think you just like to take the piss out of people.
I'd suggest some research into the terms "predatory lending" and "usury" unless you're just enjoying yourself by exploiting the anger and pain of those who are being affected the most by all this.
The only thing I can agree with you on is that people really need to wake up and realize who is behind them, what they're up to back there and which elected "representatives" are bringing the popcorn and soda.
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Originally posted by undo
reply to post by sligtlyskeptical
they need to go back to jubilee. once every 40 years, all debts were wiped, otherwise the top richest people would own everything and have no way of generating new money and their constituents would get restless ya know.
Originally posted by D.E.M.
Originally posted by quackers
reply to post by randyvs
You already fell into the trap the second you decided it would be a good idea to buy a brand new vehicle. In the vast majority of cases, the vehicle is already worth less the minute you sign on the dotted line. You have already wasted money. Compound that by having larger payments over a longer period of time with far more accumulated interest, and well, you may as well be burning your money.
You consciously placed yourself in a position of being indebted and because you missed a payment on that debt, you lost something that didn't actually belong to you anyway. Not the lenders fault.
You should have just bought another 2nd hand truck. You'd have no instantaneous depreciation on it's value and you'd have either bought it outright or paid it of in no time.
[edit on 3-10-2009 by quackers]
Originally posted by quackers
reply to post by undo
Again, I'm going to have to disagree. Show me where the law tells me that I should own a 4 bedroom detached house. Show me where the law says that I should have 2 cars for every family member as well as all the insurance ect that comes with those. Show me where the law says I should own a PS3 and and 360 and all the latest titles for those. Show me where the law says I should own a contracted mobile phone. Show me where the law says it's illegal for me not to own a credit card.
While it sucks that you seem to have gotten the crap covered end of the stick in life, your issues should be dealt with by a fair welfare system. A system that ensures you are living above the poverty line. I would also go as far as to say that your case is not representative of the whole, simply due to the contributing factors. Most people do not get into debt becuase they absolutely have no other choice, they get into debt becuase they think they can get away with living above their means. The two are not the same thing, even if the end result is similar. One is through choice, you appear to have had no choice, and as such this thread is not about you, or people in a position similar to yours.