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Aileen
Dec 2, 2010 1:24 PM GMT
People, as naive as they are, did not know they could not afford it when a trained financial mortgage consultant is tlling them they can afford it. IT IS 100% THE BANKS FAULT! Most people in their financial ignorance, did not know how to calcualte debt-to-income ratios... Consumers are not financially literate and beleive anything a finacial specialist will tell them they can afford.
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jacksong2k10
Oct 24, 2010 1:29 AM GMT
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Fatekh Vergasov
May 1, 2010 1:21 AM GMT
It looks like Wolf always says: "Brother Rabbit you are guilty, because I've got hungry"...It is about 100% faults of the banks, who seduced people showing them readyness to approve any loan, any mortgage or giving them even just open-end-bond...Banks didn't care... They even don't need people to serve said loans, mortgages, etc. They even don't need any interest from this stuffYou may ask why? Because Banks use peoples obligations to pay as a basic legal ground to create derivatives Speculation with derivatives allow banks to raise many dozen times more in comparison with regular operations with loans, mortgages and other banal financial instrumentsAmerican economy was pumped with said derivativesInnocent people cannot resist financial institutions, who are using full power of "cold war" arsenal of mass dumbing-down...
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The_One
Apr 30, 2010 12:29 PM GMT
its not all the bank's fault, people shouldnt get something that they KNOW they can not afford!
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Fatekh Vergasov
Apr 30, 2010 4:14 AM GMT
Just several Reminiscences and topicalities1. After banks effected our pockets, they try to touch our hearts2. As better is business as less verbiage come from it, as less it appeal to the public3. Every Cemetery is full of those who have glorious Past4. If Business has money for such activity, it looks like I pay them toooooooooo much
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