Sen. Warren and End of the Minimum Wage Debate

Off Topic Politics & World Issues
121

[quote]Zeppelin795 wrote:

[quote]NickViar wrote:

[quote]Zeppelin795 wrote:

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

You fail to note the amount of predatory lending that was going on. [/quote]

Assumptive conjecture.

There are millions of people selling millions of shitty products right now. Look at the fitness industry, and all the debunked supps over the years.

Just because someone is selling something, doesn’t absolve the buying from having to do their own due diligence.

I spend about 400 hours a year doing audit and tax for RE. Both commercial and residential. During 2007 I was closer to 800… I know what a) went on and b) how it works.

I’m sorry the “real world” doesn’t play out like the “real news” but you might want to see what the contibutors to your “non-corporate” funded news file as, lol. [/quote]

just because someone is selling shit it doesn’t absolve them of responsibilty,does it?

I’m sorry for you that the real world doesn’t work out the way the corporate news claims. Too bad that you are clouded by a world of propaganda. Plenty of research done about this but you won’t believe it because it doesn’t jive with your pre-conceived ideas.[/quote]

If I label a pile of dog shit “GOLD” and sell it for $20, you will blame me if someone buys it?[/quote]

Stupid analogy! Mortgage professional are licensed and it is their duty to inform consumers. Just like someone who is a real estate agent. [/quote]

Inform consumers of…?

122

[quote]NickViar wrote:

[quote]Zeppelin795 wrote:

[quote]NickViar wrote:

[quote]Zeppelin795 wrote:

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

You fail to note the amount of predatory lending that was going on. [/quote]

Assumptive conjecture.

There are millions of people selling millions of shitty products right now. Look at the fitness industry, and all the debunked supps over the years.

Just because someone is selling something, doesn’t absolve the buying from having to do their own due diligence.

I spend about 400 hours a year doing audit and tax for RE. Both commercial and residential. During 2007 I was closer to 800… I know what a) went on and b) how it works.

I’m sorry the “real world” doesn’t play out like the “real news” but you might want to see what the contibutors to your “non-corporate” funded news file as, lol. [/quote]

just because someone is selling shit it doesn’t absolve them of responsibilty,does it?

I’m sorry for you that the real world doesn’t work out the way the corporate news claims. Too bad that you are clouded by a world of propaganda. Plenty of research done about this but you won’t believe it because it doesn’t jive with your pre-conceived ideas.[/quote]

If I label a pile of dog shit “GOLD” and sell it for $20, you will blame me if someone buys it?[/quote]

Stupid analogy! Mortgage professional are licensed and it is their duty to inform consumers. Just like someone who is a real estate agent. [/quote]

Inform consumers of…?[/quote]

they are getting FUCKED up the ASS

123

[quote]NickViar wrote:

[quote]Zeppelin795 wrote:

[quote]NickViar wrote:

[quote]Zeppelin795 wrote:

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

You fail to note the amount of predatory lending that was going on. [/quote]

Assumptive conjecture.

There are millions of people selling millions of shitty products right now. Look at the fitness industry, and all the debunked supps over the years.

Just because someone is selling something, doesn’t absolve the buying from having to do their own due diligence.

I spend about 400 hours a year doing audit and tax for RE. Both commercial and residential. During 2007 I was closer to 800… I know what a) went on and b) how it works.

I’m sorry the “real world” doesn’t play out like the “real news” but you might want to see what the contibutors to your “non-corporate” funded news file as, lol. [/quote]

just because someone is selling shit it doesn’t absolve them of responsibilty,does it?

I’m sorry for you that the real world doesn’t work out the way the corporate news claims. Too bad that you are clouded by a world of propaganda. Plenty of research done about this but you won’t believe it because it doesn’t jive with your pre-conceived ideas.[/quote]

If I label a pile of dog shit “GOLD” and sell it for $20, you will blame me if someone buys it?[/quote]

Stupid analogy! Mortgage professional are licensed and it is their duty to inform consumers. Just like someone who is a real estate agent. [/quote]

Inform consumers of…?[/quote]
Of the risks associated with these mortgage products.

Example: putting a 90+ yr old lady into a 400k+ mortgage is unconscionable. Maybe not to you but to most ethical people.

124

[quote]Zeppelin795 wrote:

Wrong!It is their duty to inform the consumer.
[/quote]

Do you read contracts? They have this stuff in them called information, such as terms…

You have to sign a couple when you buy a house.

125

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

Wrong!It is their duty to inform the consumer.
[/quote]

Do you read contracts? They have this stuff in them called information, such as terms…

You have to sign a couple when you buy a house. [/quote]

And it is the duty of the mortgage broker to inform the uninformed. Maybe this is okay with you because this is the way the mortgage broker makes money. As little as information as possible. Why inform consumers they may change their mind and the mortgage broker is thinking he won’t make the commission.

126

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

Wrong!It is their duty to inform the consumer.
[/quote]

Do you read contracts? They have this stuff in them called information, such as terms…

You have to sign a couple when you buy a house. [/quote]

And reading a contract does not absolve the broker from imparting pertinent information.

127

[quote]Zeppelin795 wrote:

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

Wrong!It is their duty to inform the consumer.
[/quote]

Do you read contracts? They have this stuff in them called information, such as terms…

You have to sign a couple when you buy a house. [/quote]

And it is the duty of the mortgage broker to inform the uninformed. Maybe this is okay with you because this is the way the mortgage broker makes money. As little as information as possible. Why inform consumers they may change their mind and the mortgage broker is thinking he won’t make the commission.[/quote]

People can’t read now? Do we need a government commission to sit down and read contracts to people?

Really with this shit?

Everything one needs to know is in the paperwork. If one can’t read the paper work, or understand it, it is one’s duty to ask questions.

128

[quote]Zeppelin795 wrote:

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

Wrong!It is their duty to inform the consumer.
[/quote]

Do you read contracts? They have this stuff in them called information, such as terms…

You have to sign a couple when you buy a house. [/quote]

And reading a contract does not absolve the broker from imparting pertinent information.[/quote]

Dude, you being handed the contract to read is imparting information.

wow. I think you are trolling at this point.

This is like saying “teachers don’t teach by assigning reading, only by answering the test questions for you”.

Holy shit.

129

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

Wrong!It is their duty to inform the consumer.
[/quote]

Do you read contracts? They have this stuff in them called information, such as terms…

You have to sign a couple when you buy a house. [/quote]

And reading a contract does not absolve the broker from imparting pertinent information.[/quote]

Dude, you being handed the contract to read is imparting information.

wow. I think you are trolling at this point.

This is like saying “teachers don’t teach by assigning reading, only by answering the test questions for you”.

Holy shit.[/quote]

You have absolutely zero understanding the responsibilities of mortgage professionals.

130

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

Wrong!It is their duty to inform the consumer.
[/quote]

Do you read contracts? They have this stuff in them called information, such as terms…

You have to sign a couple when you buy a house. [/quote]

And it is the duty of the mortgage broker to inform the uninformed. Maybe this is okay with you because this is the way the mortgage broker makes money. As little as information as possible. Why inform consumers they may change their mind and the mortgage broker is thinking he won’t make the commission.[/quote]

People can’t read now? Do we need a government commission to sit down and read contracts to people?

Really with this shit?

Everything one needs to know is in the paperwork. If one can’t read the paper work, or understand it, it is one’s duty to ask questions.

[/quote]
Really , do you live on a different planet than I? Just judge IQ on the intellect of this board , fuck you can include me :)?

131

[quote]Zeppelin795 wrote:

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

Wrong!It is their duty to inform the consumer.
[/quote]

Do you read contracts? They have this stuff in them called information, such as terms…

You have to sign a couple when you buy a house. [/quote]

And reading a contract does not absolve the broker from imparting pertinent information.[/quote]

Dude, you being handed the contract to read is imparting information.

wow. I think you are trolling at this point.

This is like saying “teachers don’t teach by assigning reading, only by answering the test questions for you”.

Holy shit.[/quote]

You have absolutely zero understanding the responsibilities of mortgage professionals.
[/quote]

Which state are we talking about here?

Because in mine, being handed a contract that you sign, counts as providing information, and is legally binding.

132

[quote]pittbulll wrote:

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

Wrong!It is their duty to inform the consumer.
[/quote]

Do you read contracts? They have this stuff in them called information, such as terms…

You have to sign a couple when you buy a house. [/quote]

And it is the duty of the mortgage broker to inform the uninformed. Maybe this is okay with you because this is the way the mortgage broker makes money. As little as information as possible. Why inform consumers they may change their mind and the mortgage broker is thinking he won’t make the commission.[/quote]

People can’t read now? Do we need a government commission to sit down and read contracts to people?

Really with this shit?

Everything one needs to know is in the paperwork. If one can’t read the paper work, or understand it, it is one’s duty to ask questions.

[/quote]
Really , do you live on a different planet than I? Just judge IQ on the intellect of this board , fuck you can include me :)?[/quote]

Then these people shouldn’t be buying a house.

I’m sorry, if you can’t understand it, you have no place signing the document.

133

[quote]countingbeans wrote:

Then these people shouldn’t be buying a house.

I’m sorry, if you can’t understand it, you have no place signing the document. [/quote]

While you and I agree there are millions that think a penny saved and a penny earned together with the American attitude of CAPITALISM equates to people making terrible decisions . Sorry I am a realist . I am not a total Capitalist . I am a Humanitarian / Capitalist

The wealthy can afford Accountants and Lawyers , the poor see it as a penny earned

134

[quote]Zeppelin795 wrote:

You have absolutely zero understanding the responsibilities of mortgage professionals.
[/quote]

I’m pretty sure there is only a handful of states that have fiduciary duty laws in place for brokers, and another handful with precedence.

Even before the meltdown it was a hot topic if I recall correctly, and some courts sided with the homeowners, I assume rightfully so. But that doesn’t mean all 50 states have these laws, or these laws mean anything more than giving a borrower a contract with ample time to sign, telling them to read it, and informing them they don’t have to accept the terms of the loans available at the time of the offer.

135

[quote]pittbulll wrote:

[quote]countingbeans wrote:

Then these people shouldn’t be buying a house.

I’m sorry, if you can’t understand it, you have no place signing the document. [/quote]

While you and I agree there are millions that think a penny saved and a penny earned together with the American attitude of CAPITALISM equates to people making terrible decisions . Sorry I am a realist . I am not a total Capitalist . I am a Humanitarian / Capitalist

The wealthy can afford Accountants and Lawyers , the poor see it as a penny earned
[/quote]

In today’s world, where the entirity of human history and knowledge is available starting with www.google.com… I have zero sympathy for ignorance.

136

[quote]Zeppelin795 wrote:

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

Wrong!It is their duty to inform the consumer.
[/quote]

Do you read contracts? They have this stuff in them called information, such as terms…

You have to sign a couple when you buy a house. [/quote]

And reading a contract does not absolve the broker from imparting pertinent information.[/quote]

Dude, you being handed the contract to read is imparting information.

wow. I think you are trolling at this point.

This is like saying “teachers don’t teach by assigning reading, only by answering the test questions for you”.

Holy shit.[/quote]

You have absolutely zero understanding the responsibilities of mortgage professionals.
[/quote]

Caveat Emptor.

137

[quote]countingbeans wrote:

[quote]pittbulll wrote:

[quote]countingbeans wrote:

Then these people shouldn’t be buying a house.

I’m sorry, if you can’t understand it, you have no place signing the document. [/quote]

While you and I agree there are millions that think a penny saved and a penny earned together with the American attitude of CAPITALISM equates to people making terrible decisions . Sorry I am a realist . I am not a total Capitalist . I am a Humanitarian / Capitalist

The wealthy can afford Accountants and Lawyers , the poor see it as a penny earned
[/quote]

In today’s world, where the entirity of human history and knowledge is available starting with www.google.com… I have zero sympathy for ignorance.[/quote]

I have less than you’ld believe but I know poor ,uneducated people

138

[quote]countingbeans wrote:

[quote]pittbulll wrote:

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

[quote]countingbeans wrote:

[quote]Zeppelin795 wrote:

Wrong!It is their duty to inform the consumer.
[/quote]

Do you read contracts? They have this stuff in them called information, such as terms…

You have to sign a couple when you buy a house. [/quote]

And it is the duty of the mortgage broker to inform the uninformed. Maybe this is okay with you because this is the way the mortgage broker makes money. As little as information as possible. Why inform consumers they may change their mind and the mortgage broker is thinking he won’t make the commission.[/quote]

People can’t read now? Do we need a government commission to sit down and read contracts to people?

Really with this shit?

Everything one needs to know is in the paperwork. If one can’t read the paper work, or understand it, it is one’s duty to ask questions.

[/quote]
Really , do you live on a different planet than I? Just judge IQ on the intellect of this board , fuck you can include me :)?[/quote]

Then these people shouldn’t be buying a house.

I’m sorry, if you can’t understand it, you have no place signing the document. [/quote]

Our society is way too litigious , A lawyer is mandatory just as an Accountant :). That should not be the case (A CLEAR UNDERSTANDING ) is paramount

139

[quote]countingbeans wrote:

[quote]NickViar wrote:

I believe his argument(poorly articulated) is that banks took on risks they would not have had they not been backed by the government. He chooses to blame business instead of the government for problems resulting from the relationship.[/quote]

Well, that is a better argument than the one I think he is trying to make, but it still doesn’t mean the banks caused a damn thing.

Christ they insured the damn assets. Seems pretty damn prudent to me.

Those bailouts never should have happened, no doubt. And Dodd-Frank has done nothing but make the big banks bigger, and give the government more power to play around.

The other big difference you are missing is government is a 3rd party that never pays a direct price for being wrong. [/quote]

Sorry, I missed this post earlier, but I didn’t miss that difference, only missed including it in my post.

140

[quote]Zeppelin795 wrote:

Wrong!It is their duty to inform the consumer.
[/quote]

Inform them about what? How much of a loan they can afford? Do you beleive any of the fault lies with the consumer?