If the next president ban on all forms of predatory capitalism and witch hunts?

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Think about it. As for companies to pull the patriotic consumers in the country, but then with the company abroad, so they do not pay taxes in our country, the country where they sell their Waren.Denken about it. All these banks in the world, because if they all try to make money from the U.S. subprime debt? Do you think it is appropriate that a house built for $ 65,000 in costs (including land), but for $ 300,000 + sold because “the market can absorb,” Where is the global banking sector is a Wide direct indicator of this world rip-off American consumers when it comes to large purchases and long term? And that, for example, is to blame, says … melt in the housing sector, I mean Seriously, who has the most to blame? The client makes money mad are well aware that they contribute to artificially inflate values? buyer who bought thought it was a good deal (he would know better)? Or someone else who bought the money in the process (speculative real estate investors, mortgage brokers, banks, mortgage loans expected to pay 3 times the value artificially inflated already, or banks Wall Street turn these loans are sold to get all ready made worldwide)?

Drafting the sale and purchase of real property, including land contracts and mortgages (Homeward Bound Seminars)

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3 Comments
  1. Reply
    Cthulhu fhtagn!
    April 30, 2011 at 12:13 am

    yeah he should. Lawers would have a blast arguing in courts what is predatory and what isn’t, and they will make some nice profits on it too.

    Speaking seriously, blame goes to bankers who pressed buyers into taking on more debt than they could pay off, and the government that encouraged this by promising to compensate the bank if buyer defaults (that’s what Freddie and Fannie did)

  2. Reply
    desotobrave
    April 30, 2011 at 12:49 am

    I’m not sure exactly where you got this knowledge. Clearly, you don’t understand economics. I suggest you take a course down at the community college or something.

    BTW, selling something for less than you can get for it is stupid. If it’s so easy to build a house for $ 65k, and then sell it, why would someone else just sell it for $ 290k and sell more of them?

  3. Reply
    sbskeeper
    April 30, 2011 at 1:00 am

    If the government wants to keep jobs inside the US they need to create incentives for companies to stay, not increase the amount of reasons for companies to leave.

    All these banks are failing because government decided to make it easier for low income families to make loans. It sounds nice, but when that demographic group is not able to repay the loan, it causes problems. So, the loan companies, knowing full well they have a serious problem, sell their mortgages to banks, who make the mortgages a security so people like Teachers Unions will buy it to help run their retirement plans.

    Then as people are unable to pay their loans, they all put their homes on sale at once, flooding the market with cheap housing, simultaneously crashing the housing market. Then, the loans that make up the mortgages that were sold off to banks crash. Then the banks securities crash, which mean everyone rushes to the bank to cash in the securities (that make up a lot of retirement plans) that are losing their value every day. Then before you know it, banks start crashing.

    If you want to find something to blame, blame mark to market accounting. Write congress, ask for the banning of mark to market accounting so people don’t blindly buy up things they don’t realize are worth nothing. Write for a more transparent accounting system. Write for a repeal of the Capital Gains Tax, to keep companies from moving operations abroad. Blame Constituents who write Congress asking for things without realizing the consequences their choices bring.

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