Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: EL KABONG!!! who wrote (20530)	6/29/2002 9:31:54 AM
From: AC Flyer	Read Replies (1) of 74559

Here's the fundamental problem with your "debt is a privilege" rant. It's flat-out hypocrisy. You "need" your debt, but the other guy's debt is abusive. Perhaps you'd care to say how you discriminate between the borrowers who "need" their debt and those who don't. What percentage of aggregate consumer debt is "needed" debt and what percentage is just irresponsible, frivolous, economically dangerous debt? Do you have a credit card, Kerry? Yes? But you "need" it, right? However, the other guy, who is just trying to topple the economy and ruin your day, doesn't, right? >>How many of us can just go to a home seller and plunk down cash to buy a home? Most of us need a mortgage to buy something that large. Even if we look at something less costly, how many people can buy a new automobile with cash? Likely more folks could buy the car than could buy the house with cash, but still, the vast majority of people need to finance these large purchases.<<

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next