Car Payment Box

[Wes Tausend]

Originally Posted by 4RE KLR

Wes,
OK, Fair Enough. Corporate greed has come a long way in a very short time, wouldn't you agree? I think there does need to be something done to stop this from happening again. I am not sure our current congress could pass anything other than a "High Ball". I think that if they did try to write law that would control this it would be so non-user friendly for the little companies and very pro- Big Corporation it would do more harm than good.

Yes, I agree corporate greed has come a long way. But I think it is corporate power that behooves natural human greed that we see. But we can legislate some of the power away without killing the goose that lays the golden egg. As a sole proprieter or partner in business, a man is personally liable for his actions and a fine or prison time can easily put him out of business. The CEO of a corporation, all of its officers, are nearly untouchable, even if they own most or all of the stock.

The major corporation can be sued or fined which usually amounts to a small token amount, usually inconsequential to the vast budget. The faceless corporation, which has the same rights as an individual, cannot go to jail such as an individual who is afoul of the law such as a sole proprieter or partner. All the rights, no moral consequence or conscience.

We have to at least try to do something to rein in the powerful monsters and use common sense to protect little companies. The little efficient companies are the heart and soul of America but they are being crushed.


...

Originally Posted by 4RE KLR

I do not think we (taxpayers) should bail out the mortgage lenders. I do not think we (taxpayers) should bail out the mortgage holders prior to foreclosure. I do however feel for those that got sucked in by some smooth talking mortgage broker and either has or will loose the family home because of it. I said, I feel for them but I would not bail them out.

I don't think we should bail out lenders either. Like we've been doing right along by letting them borrow excessive money at low prime rates and lending it to consumers at 3 and 4 times the prime cost rate. Pretty high "handling charges" if you ask me. Corporate welfare. Why don't we temporarily eliminate the middle man and offer loans directly to consumers at prime rate to afford a little affordability? Think they won't pay back their cheap government loan? Hold it conveniently out of their checks like we do income tax. (Or put a black box payment lock on their door that won't let them back in. )

I don't think we should bail out the mortgage holders prior to foreclosure either. Sell the current defaults with a 1% (6+ percent, my a$$) or flat rate realty commission ceiling. People like you, Scott, I and others did our part to actually build houses and watched as our customers helplessly blew huge purchase fees on "paperwork" and then eventually paid several times what the house originally cost in payments over the years. I smell low-contributing freeloaders. Something is lop-sided here.

When the system recovers, do what has never happened yet. Reverse the trend of corporate political reign and domination. It's time to face that no one ever makes a profit in the stock market without someone losing their capital. And no loss in the market occurs without someone making a profit. I think we should restrict it to a low roar. Unlike a game of Monopoly, we want everyone to stay in the game here.

Market manipulation and white collar crime destroys America just as bad as any other threat. Send violators to Guantanamo and waterboard them.


...

Originally Posted by 4RE KLR

We need to remember that although some own their homes outright most do not. It is because of the corporate greed that more and more people do not even pay mortgage payments today as opposed to rent payments.

That's the truth and it is a shame. Third world countries have people that can't afford to own a home. It used to be the American Dream.

Sometimes I wonder if any of us own a home. My mortgage is paid but I now pay double per month what the original combined mortgage/tax-insurance escrow payment was. I now just pay the city once yearly to rent my home and rent (taxes) will soon be going up again when the assessed worth of my home goes down. No city yet has successfully declared bankruptcy ...they can't; they just raise the rent.


...