Ferrari Mailing List: Re: Opinion - Rick's Failed Economy Comment

[robert_h_bowser [at] juno.com (robert_h_bowser]

I normally don't comment on these really stupid threads....but....

I'm with Rick on this one.

Cold and heartless Bob in sunny SoCal....

Quit yer whin'n and drive yer Ferrari while you still can.

---------- Original Message ----------
From: Rick Lindsay <rolindsay [at] yahoo.com>
To: Robert Bowser <robert_h_bowser [at] juno.com>
Cc: The FerrariList <ferrari [at] ferrarilist.com>
Subject: Re: [Ferrari] Opinion - Rick's Failed Economy Comment
Date: Wed, 20 May 2009 09:52:01 -0700 (PDT)



I guess I'm just cold and heartless because I see this differently.

Every business out there, noble or crooked just wants your money.  Some do it 
cleanly.  Some do it with lies.  But folks, it isn't the seller who has the 
power to say, "Yes" to the buyer.  Its the other way around.  We're in this 
mess because people just bought too much shit that they couldn't afford.  That 
might be honkin-big houses or it might be many thousands of dollars of credit 
card debt.  Hell, it may be a Ferrari!  All caused because they didn't say, 
"No."  The last realtor that told me how much home loan I could afford was told 
to east shit and die.  How much I can afford is MY business.  And anyone who 
believes otherwise deserves the crap they've gotten themselves in.

Rick cold-n-heartless Lindsay

PS: Hate me if you must.  I'm just sick of the freekin' whining.


--- On Wed, 5/20/09, Jim Conforti <lndshrk [at] xmission.com> wrote:

> From: Jim Conforti <lndshrk [at] xmission.com>
> Subject: Re: [Ferrari] Opinion - Rick's Failed Economy Comment
> To: "rolindsay" <rolindsay [at] yahoo.com>
> Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
> Date: Wednesday, May 20, 2009, 10:59 AM
> At 09:31 AM 5/20/2009, Mauricio Mesa wrote:
> 
> >Re: While partly true in that people lied on their
> applications to 
> >get these loans, on the other side the banks knew that
> they wern't 
> >good for the money but because they wanted their
> comission they took it in.
> 
>   (Note: I really love the demonization of "Oil
> Companies" and "Banks" - are
>    you shooting for a job w/ B.H.O. or Hugo Chavez?)
> 
>    Really.. it was THE BANKS that knew?
> 
>    No, actually it wasn't.
> 
>    Most of these loans that have gone south were sold by
> MORTGAGE BROKERS
>    who wanted the commissions.  Not BANKS.  Around 70% are
> sold by BROKERS
>    not BANKS.
> 
>    It is true that banks were emboldened by the concept of
> CDO and risk-swap
>    to lower their credit standards.  Mortgage BROKERS
> performed all sorts
>    of shady 'math' to qualify people for the now
> lowered standards.
> 
>    In many cases - downright FRAUD.
> 
>    Loan standards, BTW, that were initially lowered BY THE
> GOVERNMENT on the
>    basis of "Community Reinvestment"
> 
>    (See: Fannie Mae and Freddie Mac - and Jimmy
> "stag-flation" Carter)
> 
>    The Mortgage BROKERS (not BANKS) - these are SMALL
> businesses usually,
>    not "BIG Corporations" - were the ones who
> laid the final straw upon
>    the camels back in chasing commissions.
> 
>    Oh, and it's already been proven that "the
> government" had the right,
>    had the authority, to "regulate" the entire
> nonsense of swapping risk
>    and CDO's.  They simply failed to do so.
> 
>    They failed to exercise the regulation authority they
> had.
> 
>    As is the typical liberal solution - the solution is
> "More regulation".
> 
>     
> 
> _________________________________________________________________
> To unsubscribe or modify your subscription options, please
> visit:
> http://lists.ferrarilist.com/mailman/options/ferrari/rolindsay%40yahoo.com
> 
> Sponsored by BooyahMedia.com 
> and F1 Headlines
> http://www.F1Headlines.com/
_________________________________________________________________
To unsubscribe or modify your subscription options, please visit:
http://lists.ferrarilist.com/mailman/options/ferrari/robert_h_bowser%40juno.com

Sponsored by BooyahMedia.com 
and F1 Headlines
http://www.F1Headlines.com/


____________________________________________________________
Free information on a POS system that meets your needs.  Click here.
http://thirdpartyoffers.juno.com/TGL2131/fc/BLSrjnsCjTpY2mzk8v9ZkBv6lNM16nlQcQWryuVRBcBUtRZ0My3MeheA15e/