Why is it important to see Obama’s college records? Because the media
has created fantasies around Obama on every issue. You should start
dispelling them with the easiest one, i.e. the fantasy of Obama’s
"academic degrees and honors".
Obama has been fighting desperately to block all access to his college
records. Even his "academic paper" at Columbia mysteriously
disappeared. The media just swallowed the official Obama’s "academic
degrees and honors" without checking his actual grades, his scores on
standardized tests, his academic writings if any, etc. All the
decisions to admit Obama to colleges, to give him "academic degrees
and honors" were made by a few unknown individuals. Read about the
racial turmoil at one college where he got his "academic honors". The
race tensions seem to follow Obama wherever he goes.
If Obama’s college records fail to meet the requirements for
legitimate academic degrees and honors then Obama will be declared an
academic fraud. Maybe then the media will start vetting Obama on other
issues. Then we will be able to address the biggest fantasies like
Obama’s "ability to solve" the financial crisis which requires making
executive decisions. Obama never made a single real executive decision
in his life! How will Obama be able to attract quality people if he
has a long history of attracting and being attracted to the worst
kind? Any Hollywood actor can read a teleprompter and memorize talking
points written by secret handlers.
If Obama gets elected and turns the United States into a war-torn
country like Kenya then his college records will mysteriously leak,
but then it could be too late.
I am asking everybody to request at least one major news network to
make it an election issue. Ask others to do the same. Since Obama has
built his political career around his "academic degrees and honors",
all his college records (complete set of grades, scores on
standardized tests, etc) must be released. Keep in mind that Obama’s
supporters have saturated media outlets and internet bandwidth for the
last two years with stories of Obama’s "academic degrees and honors".
Now they viciously attack those who want to see Obama’s grades and
scores on standardized tests.
Obama’s "academic degrees and honors" without checking his grades and
his scores on standardized tests are like "good standing" of Enron or
Fannie Mae before they collapsed. You would be surprised what racial
accusations, threats, boycotts can do to academic integrity at US
colleges!
Some websites to submit your requests:
http://my.barackobama.com/page/s/contact2
http://abcnews.go.com/Site/page?id=3068843
http://www.msnbc.msn.com/id/6872152/
http://www.cnn.com/feedback/
http://www.foxnews.com/story/0,2933,77538,00.html
http://www.cbsnews.com/
Some websites to read about Obama’s "academic career":
http://atlasshrugs2000.typepad.com/atlas_shrugs/2008/05/obama-mythica…
http://www.investors.com/editorial/editorialcontent.asp?secid=1501&st…
http://www.nysun.com/new-york/obamas-years-at-columbia-are-a-mystery/…
http://www.jpost.com/servlet/Satellite?cid=1218710381368&pagename=JPo…
http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=74877
http://reason.com/news/show/128461.html
On Wed, 8 Oct 2008 01:56:04 -0700 (PDT), Micky <guu…@hotmail.com>
wrote:
>The issue is not whether Obama was an editor of HLR. The issue is
>whether he earned it. Normally, students have to have good grades to
>be an editor, but Black students had only to "win" an essay
>competition. Since Obama never published any academic work it tells
>you something about his "winning" essay.
so the real problem for you is the color of his skin and your
perception that his skin color proves he didn’t and couldn’t earn
those grades.
On Thu, 09 Oct 2008 20:49:57 -0500, g…@consolidated.net wrote:
TROll
In article <p2cte4d6o6futbphfh31ssorgp9ltsi…@4ax.com>,
- Hide quoted text — Show quoted text -
<g…@consolidated.net> wrote:
>On Thu, 09 Oct 2008 21:23:08 -0400, Mck
><M…@www.alt-support-diabetes.org> wrote:
>>On Wed, 8 Oct 2008 01:56:04 -0700 (PDT), Micky <guu…@hotmail.com>
>>wrote:
>>>The issue is not whether Obama was an editor of HLR. The issue is
>>>whether he earned it. Normally, students have to have good grades to
>>>be an editor, but Black students had only to "win" an essay
>>>competition. Since Obama never published any academic work it tells
>>>you something about his "winning" essay.
>>so the real problem for you is the color of his skin and your
>>perception that his skin color proves he didn’t and couldn’t earn
>>those grades.
>The are a lot of dumb people of all colors. This
>fellow sure has come a long way and is impressive.
>I do remember a couple of lobbyist from Austin
>discussing another white fellow. They surely had this
> fellow and his cronies pegged. This group
>is leaving a hell of a mess.
Alas, my experience as a professor, including evaluating
prospective faculty candidates, has been that frequently
grades, degrees, etc., for black students have often been
greatly inflated. I blame the inflaters and the courts.
We have clear evidence that the actions of Obama as an
attorney and an advocate helped bring on the credit crisis
we now have, and that McCain did make an attempt to head
off the crash. Of course, neither could see that it was
as bad as we now see it.
>But Bush touted religion and was elected. So we never
> know how any ploy will workout.
Alas.
—
This address is for information only. I do not claim that these views
are those of the Statistics Department or of Purdue University.
Herman Rubin, Department of Statistics, Purdue University
hru…@stat.purdue.edu Phone: (765)494-6054 FAX: (765)494-0558
On 10 Oct 2008 09:40:19 -0400, hru…@odds.stat.purdue.edu (Herman
- Hide quoted text — Show quoted text -
Rubin) wrote:
>In article <p2cte4d6o6futbphfh31ssorgp9ltsi…@4ax.com>,
> <g…@consolidated.net> wrote:
>>On Thu, 09 Oct 2008 21:23:08 -0400, Mck
>><M…@www.alt-support-diabetes.org> wrote:
>>>On Wed, 8 Oct 2008 01:56:04 -0700 (PDT), Micky <guu…@hotmail.com>
>>>wrote:
>>>>The issue is not whether Obama was an editor of HLR. The issue is
>>>>whether he earned it. Normally, students have to have good grades to
>>>>be an editor, but Black students had only to "win" an essay
>>>>competition. Since Obama never published any academic work it tells
>>>>you something about his "winning" essay.
>>>so the real problem for you is the color of his skin and your
>>>perception that his skin color proves he didn’t and couldn’t earn
>>>those grades.
>>The are a lot of dumb people of all colors. This
>>fellow sure has come a long way and is impressive.
>>I do remember a couple of lobbyist from Austin
>>discussing another white fellow. They surely had this
>> fellow and his cronies pegged. This group
>>is leaving a hell of a mess.
>Alas, my experience as a professor, including evaluating
>prospective faculty candidates, has been that frequently
>grades, degrees, etc., for black students have often been
>greatly inflated. I blame the inflaters and the courts.
>We have clear evidence that the actions of Obama as an
>attorney and an advocate helped bring on the credit crisis
>we now have, and that McCain did make an attempt to head
>off the crash. Of course, neither could see that it was
>as bad as we now see it.
>>But Bush touted religion and was elected. So we never
>> know how any ploy will workout.
>Alas.
I have been around and know the real time stories on Mccain.
Today we are living with an illusion on both candidates
Come back in 100 years for the real story.
I am educated just enough to know better that to be
obsessed with either candidate or any political group.
We will soon have many more personal worries about
paying our bills. The party is over. Just a few false
cheers left. NOT my problem.
At least the entitlements will end. Both candidates
are clear on that issue. Some schools will take a
hard look at tenured slots.
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On 10 Oct 2008 09:40:19 -0400, hru…@odds.stat.purdue.edu
(Herman Rubin) wrote:
>We have clear evidence that the actions of Obama as an
>attorney and an advocate helped bring on the credit crisis
You’ve gotta be kidding. The ability of an obscure lawyer
from Chicago to bring on the global credit crisis is about
as credible as blaming me for it. After all, I have a
mortgage. So it must be my fault.
Next someone will find a way to blame one of the candidates
for the next fire-storm on Alpha Centauri. It would be just
as incredible and irrelevant.
If we are going to have to endure this crap until the
election, at least apply a little sanity to the debate
please.
Cheers, Alan, T2, Australia.
—
d&e, metformin 2000 mg
Everything in Moderation – Except Laughter.
http://loraldiabetes.blogspot.com (Be Smart, Be Skeptical)
dLife http://tinyurl.com/54get5 (Diabetes Diet Wars)
"Alan S" <loralgtweightandca…@gmail.com> wrote in message
> If we are going to have to endure this crap until the
> election, at least apply a little sanity to the debate
> please.
LOL, now that’s funny. How do you expect a poster to do that when the
politicians running can’t even do that? The blame for the financial crisis
runs deep through all parties in a whole lot of countries.
Cheri
Alan S wrote:
> On 10 Oct 2008 09:40:19 -0400, hru…@odds.stat.purdue.edu
> (Herman Rubin) wrote:
>> We have clear evidence that the actions of Obama as an
>> attorney and an advocate helped bring on the credit crisis
> You’ve gotta be kidding. The ability of an obscure lawyer
> from Chicago to bring on the global credit crisis is about
> as credible as blaming me for it. After all, I have a
> mortgage. So it must be my fault.
Surely part of the blame lies with people accepting mortgages
that they knew they could not afford. But let’s not reward
the idiots that encouraged them to borrow the money. Nor the
politicians who pushed those idiots to do so.
And what about the thousands of people who had no idea what
they could afford and assumed the guy in the expensive suit
knew what he was talking about?
How about the guy down the street who wants to "help me"
pay my bills this month–by making sure I’ll have even less
next month after he takes his usury?
Or the corner car dealer: "Bad credit? No credit? No problem!"
The furniture dealer who’s telling you LIES. That’s right,
"no interest for a year" is a LIE. They know full well that
most of the people who fall for that will spend the payments
they don’t have to make and when the year is up won’t be able
to pay it off–at which time the TRUTH is revealed that a year’s
interest has just been added to the principal.
Both sides are saying the way to rescue the economy is to
"unfreeze" lending, so that people can go back to doing
what brought this on in the first place.
–
Wes Groleau
Rapport in the Classroom
http://Ideas.Lang-Learn.us/russell?itemid=499
On Sat, 11 Oct 2008 03:20:32 GMT, Wes Groleau
- Hide quoted text — Show quoted text -
<groleau+n…@freeshell.org> wrote:
>Alan S wrote:
>> On 10 Oct 2008 09:40:19 -0400, hru…@odds.stat.purdue.edu
>> (Herman Rubin) wrote:
>>> We have clear evidence that the actions of Obama as an
>>> attorney and an advocate helped bring on the credit crisis
>> You’ve gotta be kidding. The ability of an obscure lawyer
>> from Chicago to bring on the global credit crisis is about
>> as credible as blaming me for it. After all, I have a
>> mortgage. So it must be my fault.
>Surely part of the blame lies with people accepting mortgages
>that they knew they could not afford. But let’s not reward
>the idiots that encouraged them to borrow the money. Nor the
>politicians who pushed those idiots to do so.
>And what about the thousands of people who had no idea what
>they could afford and assumed the guy in the expensive suit
>knew what he was talking about?
>How about the guy down the street who wants to "help me"
>pay my bills this month–by making sure I’ll have even less
>next month after he takes his usury?
>Or the corner car dealer: "Bad credit? No credit? No problem!"
>The furniture dealer who’s telling you LIES. That’s right,
>"no interest for a year" is a LIE. They know full well that
>most of the people who fall for that will spend the payments
>they don’t have to make and when the year is up won’t be able
>to pay it off–at which time the TRUTH is revealed that a year’s
>interest has just been added to the principal.
>Both sides are saying the way to rescue the economy is to
>"unfreeze" lending, so that people can go back to doing
>what brought this on in the first place.
Wes, you do have it right. I have not had but three debts in my
adult life. One for my first cheap house, one for a typewriter paid
off in nnety days and one new car paid off in four months.
But we both know we will get a disappropriate part of the bill.
In so many ways the society rewards gross people. People
capable of working and saving. The dumb ones are just like
"us". Now too much of what I earned goes for piss poor medical care.
Productive people get screwed. Bear down, get useful education and
produce, Then share it with a alkies and dopies. No much longer for
me.
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- Hide quoted text — Show quoted text -
Wes Groleau wrote:
> Alan S wrote:
>> On 10 Oct 2008 09:40:19 -0400, hru…@odds.stat.purdue.edu
>> (Herman Rubin) wrote:
>>> We have clear evidence that the actions of Obama as an
>>> attorney and an advocate helped bring on the credit crisis
>> You’ve gotta be kidding. The ability of an obscure lawyer
>> from Chicago to bring on the global credit crisis is about
>> as credible as blaming me for it. After all, I have a
>> mortgage. So it must be my fault.
> Surely part of the blame lies with people accepting mortgages
> that they knew they could not afford. But let’s not reward
> the idiots that encouraged them to borrow the money. Nor the
> politicians who pushed those idiots to do so.
Note. This is *off-topic*.
This was also generated by the housing price inflation: people thought, and
were told, that whatever they bought now would be worth a lot later. People
good at playing this game bought and sold hand over fist, and pulled many
millions of dollars out of the process, especially for the banks and mortgage
companies and real estate agents taking their cut of the fees. And in the
short term, it would hurt their business to put the brakes on.
So the house prices got overinflated, people were investing merrily in the
pyramid scheme of ever-more-expensive land ownership, and they finally ran out
of people to sucker, so the pyramid scheme collapsed.
Nico Kadel-Garcia <nka…@gmail.com> wrote:
> Wes Groleau wrote:
> > Alan S wrote:
> >> hru…@odds.stat.purdue.edu (Herman Rubin) wrote:
> >> [ . . . ]
> So the house prices got overinflated, people were investing merrily in
> the pyramid scheme of ever-more-expensive land ownership, and they
> finally ran out of people to sucker, so the pyramid scheme collapsed.
My daughter and SIL were going to buy a house for $500,000. Fortunately,
the Agent stole their $3,000 down payment and the deal fell through.
–
Nick. Support severely wounded and disabled Veterans and their families!
I’ve known US vets who served as far back as the Spanish American War.
They are all my heroes! Thank a Veteran and Support Our Troops.
You are not forgotten. Thanks ! ! ~Semper Fi~
On Sat, 11 Oct 2008 07:30:37 +0100, Nico Kadel-Garcia
- Hide quoted text — Show quoted text -
<nka…@gmail.com> wrote:
>Wes Groleau wrote:
>> Alan S wrote:
>>> On 10 Oct 2008 09:40:19 -0400, hru…@odds.stat.purdue.edu
>>> (Herman Rubin) wrote:
>>>> We have clear evidence that the actions of Obama as an
>>>> attorney and an advocate helped bring on the credit crisis
>>> You’ve gotta be kidding. The ability of an obscure lawyer
>>> from Chicago to bring on the global credit crisis is about
>>> as credible as blaming me for it. After all, I have a
>>> mortgage. So it must be my fault.
>> Surely part of the blame lies with people accepting mortgages
>> that they knew they could not afford. But let’s not reward
>> the idiots that encouraged them to borrow the money. Nor the
>> politicians who pushed those idiots to do so.
>Note. This is *off-topic*.
>This was also generated by the housing price inflation: people thought, and
>were told, that whatever they bought now would be worth a lot later. People
>good at playing this game bought and sold hand over fist, and pulled many
>millions of dollars out of the process, especially for the banks and mortgage
>companies and real estate agents taking their cut of the fees. And in the
>short term, it would hurt their business to put the brakes on.
>So the house prices got overinflated, people were investing merrily in the
>pyramid scheme of ever-more-expensive land ownership, and they finally ran out
>of people to sucker, so the pyramid scheme collapsed.
IMO it’s all about fucking over the poor to fuel the rich, see the
Sopranos for details.
I was paying out so much in rent I could never afford the deposit on a
house until my father died.
The mortgage on a three bedroom house was substantially LESS than the
rent on a two bedroom flat.
We got the house for half what the previous owners had paid (last
recession).
By the end of my divorce my ex wife’s house <sad grin> was worth over
four times what we paid for it, and the mortgage was still the same.
My parents bought a house just after WW2, recently I sold it for 100
TIMES what they paid for it. We invested the difference between that
and the new house and doubled mother’s income. Christ knows where that
money has gone or what it is now worth.
You do everything right, catch a few lucky breaks and STILL get
screwed over.
But you never see any poor rich people.
In article <oq10f4di0rmsn6m1asc0be7kr9nhrkj…@4ax.com>,
Alan S <loralgtweightandca…@gmail.com> wrote:
>On 10 Oct 2008 09:40:19 -0400, hru…@odds.stat.purdue.edu
>(Herman Rubin) wrote:
>>We have clear evidence that the actions of Obama as an
>>attorney and an advocate helped bring on the credit crisis
>You’ve gotta be kidding. The ability of an obscure lawyer
>from Chicago to bring on the global credit crisis is about
>as credible as blaming me for it. After all, I have a
>mortgage. So it must be my fault.
Obama was NOT an obscure lawyer. He and others induced
the courts to require banks to make loans they considered
unwise financially. His organization, ACORN, is not just
a local organization, and courts have had a tendency to
force banks to do what they considered unsound.
This does not mean that the credit crisis had to come
about, and McCain even tried to stop some of the process.
What happened is a new type of event, and nobody was
completely at fault.
Just as an avalanche can start with a snowball or two,
the not well known laws of economics and human nature
took over.
>Next someone will find a way to blame one of the candidates
>for the next fire-storm on Alpha Centauri. It would be just
>as incredible and irrelevant.
>If we are going to have to endure this crap until the
>election, at least apply a little sanity to the debate
>please.
See the above. Nobody really understands how the credit
market works, but it works on trust. It does not take
too much to erode trust. As far as our credit economy is
concerned, it is all trust, and real assets do not have
that much value.
>Cheers, Alan, T2, Australia.
–
This address is for information only. I do not claim that these views
are those of the Statistics Department or of Purdue University.
Herman Rubin, Department of Statistics, Purdue University
hru…@stat.purdue.edu Phone: (765)494-6054 FAX: (765)494-0558
In article <4YUHk.152$Rx2….@nwrddc01.gnilink.net>,
Wes Groleau <groleau+n…@freeshell.org> wrote:
>Alan S wrote:
>> On 10 Oct 2008 09:40:19 -0400, hru…@odds.stat.purdue.edu
>> (Herman Rubin) wrote:
>>> We have clear evidence that the actions of Obama as an
>>> attorney and an advocate helped bring on the credit crisis
>> You’ve gotta be kidding. The ability of an obscure lawyer
>> from Chicago to bring on the global credit crisis is about
>> as credible as blaming me for it. After all, I have a
>> mortgage. So it must be my fault.
>Surely part of the blame lies with people accepting mortgages
>that they knew they could not afford. But let’s not reward
>the idiots that encouraged them to borrow the money. Nor the
>politicians who pushed those idiots to do so.
Did they KNOW they could not afford them? These were
variable rate mortgages, and is there anyone in the world
who could have predicted what would happen to the rates?
And if the banks retained the mortgages on their books,
the bad things probably would have been far less bad.
But banks are in the business to make money, and the
banks sold their mortgages to other banks or other
institutions, so they no longer had a direct interest
in the success of the borrowers. This process continued,
until everything was spread out. At this point, the
avalanche already had a high probability.
>And what about the thousands of people who had no idea what
>they could afford and assumed the guy in the expensive suit
>knew what he was talking about?
The guy in the expensive (or not so expensive) suit also
did not know, but he did not explain the risks. There is
no legal requirement to do so.
>How about the guy down the street who wants to "help me"
>pay my bills this month–by making sure I’ll have even less
>next month after he takes his usury?
>Or the corner car dealer: "Bad credit? No credit? No problem!"
>The furniture dealer who’s telling you LIES. That’s right,
>"no interest for a year" is a LIE. They know full well that
>most of the people who fall for that will spend the payments
>they don’t have to make and when the year is up won’t be able
>to pay it off–at which time the TRUTH is revealed that a year’s
>interest has just been added to the principal.
Our laws against fraud are abysmal. This is what happens
in a society in which legislation concerns criminal conduct
with prison sentences generally not doing any good, against
the civil compensation for fraud and misrepresentation.
>Both sides are saying the way to rescue the economy is to
>"unfreeze" lending, so that people can go back to doing
>what brought this on in the first place.
It is necessary to unfreeze lending, so the merchant can
borrow short term against his bills due to meet his payroll,
and the small manufacturer can borrow against future income
to get new machinery. Now that this has happened once, the
government will put in protection against subprime mortgages.
But human ingenuity will find a way for speculators to
operate, and while the good ones will act sensibly, there
will be enough bad ones to set off something else.
Insurance agencies reinsure against calamities. But if
there is a super-calamity, they will all be wiped out.
This is what the banks and other lending institutions
did, and the super-calamity occurred.
—
This address is for information only. I do not claim that these views
are those of the Statistics Department or of Purdue University.
Herman Rubin, Department of Statistics, Purdue University
hru…@stat.purdue.edu Phone: (765)494-6054 FAX: (765)494-0558
On Sat, 11 Oct 2008 07:30:37 +0100, Nico Kadel-Garcia
- Hide quoted text — Show quoted text -
<nka…@gmail.com> wrote:
>Wes Groleau wrote:
>> Alan S wrote:
>>> On 10 Oct 2008 09:40:19 -0400, hru…@odds.stat.purdue.edu
>>> (Herman Rubin) wrote:
>>>> We have clear evidence that the actions of Obama as an
>>>> attorney and an advocate helped bring on the credit crisis
>>> You’ve gotta be kidding. The ability of an obscure lawyer
>>> from Chicago to bring on the global credit crisis is about
>>> as credible as blaming me for it. After all, I have a
>>> mortgage. So it must be my fault.
>> Surely part of the blame lies with people accepting mortgages
>> that they knew they could not afford. But let’s not reward
>> the idiots that encouraged them to borrow the money. Nor the
>> politicians who pushed those idiots to do so.
>Note. This is *off-topic*.
>This was also generated by the housing price inflation: people thought, and
>were told, that whatever they bought now would be worth a lot later. People
>good at playing this game bought and sold hand over fist, and pulled many
>millions of dollars out of the process, especially for the banks and mortgage
>companies and real estate agents taking their cut of the fees. And in the
>short term, it would hurt their business to put the brakes on.
>So the house prices got overinflated, people were investing merrily in the
>pyramid scheme of ever-more-expensive land ownership, and they finally ran out
>of people to sucker, so the pyramid scheme collapsed.
This exactly what happened. Frankly, a
lot of people have a very limited window
on time Today is the whole story.
The predictors know the people and how to use the suckers.
It is that way and will always be that way.
The human brain only develops to the stage where survival
is possible.
Our philosophies try to set a human standard. It only
works to a limited degree.
We have enough uncontrollable disasters and when we add
the "predictors" we do have a mess.
A few try to create a social society but we on some excuse grab
their children because our "morals". are offended.
Is the casino atmosphere any better? or maybe much worse.
In any case and no matter how we rationalize it. The laws of nature
will finally take over
I expect some predictor to decide the earth will stop rotating and
find some reason they can do that.
v
Hell, we fail to find a solution for most of our health problems.
We dump the funds into TV advertising.
Actually the game is slavery and nothing else.
give the suckers a cheap toy and they will
purr.
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Nico Kadel-Garcia wrote:
> Note. This is *off-topic*.
Yes, that’s what "OT" means (though I suppose one could
argue that "O" also stands for "on")
–
Wes Groleau
The Roots of Empathy
http://Ideas.Lang-Learn.us/Guests?itemid=453
Trinkwasser wrote:
> The mortgage on a three bedroom house was substantially LESS than the
> rent on a two bedroom flat.
Wow, I’ve never seen that anywhere I’ve lived in USA.
> By the end of my divorce my ex wife’s house <sad grin> was worth over
> four times what we paid for it, and the mortgage was still the same.
> My parents bought a house just after WW2, recently I sold it for 100
> TIMES what they paid for it. We invested the difference between that
I heard someone comment on the radio Thursday that prices (USA) in 1940
were approximately the same as they were a hundred years earlier. At
least that’s what I thought he said–not sure due to traffic noise.
I made a mental note to look it up, but haven’t done so.
Inflation, IMHO, is primarily due to cultural factors that evolved
in the mid-20th century. one of those is the absurd explosion of
credit (including the typical mortgage being thirty years where it
used to be 5-15) and two-income households becoming the norm.
–
Wes Groleau
Chinese Schools in the Dallas / Ft. Worth Area
http://Ideas.Lang-Learn.us/russell?itemid=532
Herman Rubin wrote:
> Wes Groleau <groleau+n…@freeshell.org> wrote:
>> Surely part of the blame lies with people accepting mortgages
>> that they knew they could not afford. But let’s not reward
>> the idiots that encouraged them to borrow the money. Nor the
>> politicians who pushed those idiots to do so.
> Did they KNOW they could not afford them? These were
> variable rate mortgages, and is there anyone in the world
> who could have predicted what would happen to the rates?
Some of them did. But most of them had no clue what they
could afford and were conned by the guy in pin-stripes.
Myself, I get angry and refuse to deal with anyone who
tries to offer me a variable-rate loan or credit card.
(Also the sleazebags that offer you little or no interest
when the fine print is that whenever they can pretend you
were late, the interest becomes absurd. I say ‘pretend’
because if they don’t cash your check right away, you can’t
prove they received it. I make sure those guys pay the
Post Office to get my NO back in their post-guar envelope.)
> The guy in the expensive (or not so expensive) suit also
> did not know, but he did not explain the risks. There is
> no legal requirement to do so.
Maybe he didn’t, but he did have access (unless they lied)
to a description of how much they already owed, what their
cash flow was like, and their credit history. So if he didn’t
know what they can afford, he is not qualified for his job.
> But human ingenuity will find a way for speculators to
> operate, and while the good ones will act sensibly, there
> will be enough bad ones to set off something else.
Exactly. On TV, the day BEFORE the House even voted on the bail-out, I
saw an advert saying (paraphrase) "The government has restarted the
economy, so call us now to borrow the money you deserve!"
–
Wes Groleau
———–
Curmudgeon’s Complaints on Courtesy:
http://www.onlinenetiquette.com/courtesy1.html
(Not necessarily my opinion, but worth reading)
Wes Groleau wrote:
> Trinkwasser wrote:
>> The mortgage on a three bedroom house was substantially LESS than the
>> rent on a two bedroom flat.
> Wow, I’ve never seen that anywhere I’ve lived in USA.
Well, possibly so, but then you have interesting things like property taxes,
maintenance of the roof and boiler, etc. Renters pay for the landlord to do that.
- Hide quoted text — Show quoted text -
>> By the end of my divorce my ex wife’s house <sad grin> was worth over
>> four times what we paid for it, and the mortgage was still the same.
>> My parents bought a house just after WW2, recently I sold it for 100
>> TIMES what they paid for it. We invested the difference between that
> I heard someone comment on the radio Thursday that prices (USA) in 1940
> were approximately the same as they were a hundred years earlier. At
> least that’s what I thought he said–not sure due to traffic noise.
> I made a mental note to look it up, but haven’t done so.
> Inflation, IMHO, is primarily due to cultural factors that evolved
> in the mid-20th century. one of those is the absurd explosion of
> credit (including the typical mortgage being thirty years where it
> used to be 5-15) and two-income households becoming the norm.
And the disassociation of money from the gold or silver standards. Printing
money without backing is now common federal policy.
On Sat, 11 Oct 2008 17:20:09 GMT, Wes Groleau
- Hide quoted text — Show quoted text -
<groleau+n…@freeshell.org> wrote:
>Trinkwasser wrote:
>> The mortgage on a three bedroom house was substantially LESS than the
>> rent on a two bedroom flat.
>Wow, I’ve never seen that anywhere I’ve lived in USA.
>> By the end of my divorce my ex wife’s house <sad grin> was worth over
>> four times what we paid for it, and the mortgage was still the same.
>> My parents bought a house just after WW2, recently I sold it for 100
>> TIMES what they paid for it. We invested the difference between that
>I heard someone comment on the radio Thursday that prices (USA) in 1940
>were approximately the same as they were a hundred years earlier. At
>least that’s what I thought he said–not sure due to traffic noise.
>I made a mental note to look it up, but haven’t done so.
>Inflation, IMHO, is primarily due to cultural factors that evolved
>in the mid-20th century. one of those is the absurd explosion of
>credit (including the typical mortgage being thirty years where it
>used to be 5-15) and two-income households becoming the norm.
Some of us think that credit is a fraud. But we live on
IOU’s. In college I worked for a short time in a TV store.
The manager told us to never worry if a person wanting a TV
could afford it. Let the credit people take care of that.
So many are actually renting their car and house with a long term
commitment. The fraud is the system that generates this.
Enough blame to go around. The arguments are based our
experiences and how we profited from them. The
current IOU system has to fail at some stage. It is
inherently unstable. The system of acceptance
of private ownership is very stable. But not when
the con artist can operate. Usury and "cold checks"
used to earn a jail term.
When I worked for an University the first item we checked
was credit record on the applicant.. Saved a ;lot of misery.
Can’t run your personal life we did not need the inherent problems.
Lesson learned were not preserved and we must relearn now.
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On Sat, 11 Oct 2008 17:13:32 GMT, Wes Groleau
<groleau+n…@freeshell.org> wrote:
>Nico Kadel-Garcia wrote:
>> Note. This is *off-topic*.
>Yes, that’s what "OT" means (though I suppose one could
>argue that "O" also stands for "on")
The only wrong with this thread is it avoids the medical
system and how it fits in this mess.
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