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: Snowshoe who wrote (55304)	11/1/2004 7:28:58 AM
From: Elroy Jetson	Read Replies (1) of 74559

Debtors who lose their homes or farms, when they cannot make debt payments, are merely forcing the realization of loss onto those whose money was lent to them. The debtor does lose their "illusion of ownership" over their "bank owned" home or farm. They can also lose their "illusion of equity". This is hardly different from people who "lose their home" to the landlord when they can no longer pay the rent. The thing they are losing, never actually belonged to them in the first place. These concepts can get confused when everything in our daily lives is viewed through the distorted "carnival mirrors" of the Monetarist Fun-House economy. .

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next