European Tribune - Comments - Why is everyone cheating? Any why doesn't anyone seem to care?

Why is everyone cheating? Any why doesn't anyone seem to care? | 40 comments (40 topical, 0 editorial, 0 hidden)

Re: The housing bubble was a scam, people (4.00 / 3)

If we brought in some medieval usury laws and gave whippings - with the number of lashes depending on how much you got - to everyone involved in a speculative bubble, maybe people would think twice. (Or the rich would become bloody pulp.)

When it comes to the houses I have no problem with people using their limited liability on mortgages. The bank gets the collateral that was put up, ie a house. The bank can then sell it or rent it out or build something else on the lot. If they absolutely did not want a house, they should not have made a loan with it as collateral.

A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!

by A swedish kind of death on Fri Aug 27th, 2010 at 04:02:35 AM EST
[ Parent ]

Re: The housing bubble was a scam, people (4.00 / 1)

Better than whipping, those involved should be made responsible to the full extent of their personal wealth and future earnings for high financial crimes.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Aug 28th, 2010 at 12:03:20 AM EST
[ Parent ]

Why is everyone cheating? Any why doesn't anyone seem to care? | 40 comments (40 topical, 0 editorial, 0 hidden)

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