[quote=TheBreeze]
So just admit that if you are defaulting today that you are basically equivalent to a welfare queen. You’re not Bill Gates or Steve Jobs. Maybe you could equate yourself to that scumbag Donald Trump who declared bankruptcy for about the third time just recently.
I guess what I’m saying is that U.S. banks are not capitalistic enterprises. They are backed by the state which means they are socialist, pinko, Marxist pseudo-corporations run by unscrupulous banksters who steal from taxpayers. Any transactions with them are inherently socialist and have nothing in common with authentic capitalistic business transactions.
[/quote]
Are you suggesting that the small business loan I took out, should also not be considered a business transaction? Would I be a welfare queen for taking such loan?
How about every time I use the ATM? I suppose now the taxpayers are paying for the ATM in some manner. Or when I pay my suppliers by doing bank wire transfers. Does that make me a welfare queen?
The fact of the matter is, every single contract I sign is a business decision.
There is no morality, ethics, shades of gray, etc in a contract. That is part of the very reason they exist.
I personally don’t know anyone who bought a house with the intention of screwing over the taxpayers. I would surely not broadly label everyone who defaults on a home loan right now a welfare queen.
I’d also wager both Steve Jobs and Bill Gates know when it’s time to use an exit clause, or to re-negotiate a contract when it’s in their best interest to do so. You are fooling yourself if you think they would pay 2X the going rate if they have an out.
