Posted on 05/30/2008 1:13:58 PM PDT by nicola_tesla
Serious and today am as healthy as can be at my age! (Life is good)
My only drawback is I didn't see a light at the end of a tunnel, I am strapped with med's and I get questioned when I pass through TSA at the airport at times for the sternum staples are still with me.
That's a tough nut to crack, however anyone who expects return without personal effort and then complains is a start.
This is FR however and not the DU. ; )
Your a modern day Frank for sure. Wish you the best of luck.
Alas, slavery revisited...
In many cases it was, in fact, solicited fraud.
It's all true.
I don't live on wishes and luck however.
Thanks for your wishes anyway my FRiend.
The credit merchants begged for the foolish provisions, now let them reap a pittance and spoiled account files that age without any income.
There is difference between that man with the wool shears over that a way, and the wolves thereabouts. The Foolish Lending Law was just the sheet of tickets to the Predators Ball.
Sign me,
--Shepherd.
Well, the aged accounts float from collection agency to collection agency -- seconds, thirds and beyond. The hounding won't stop since it is so cheap to do, and the collectors are established without startup costs, hardly -- it is well into the age of automated communications and plenty of demographic information readily accessible and cheap so you can track them.
In a file of a few hundred thousand accounts, there will be some where the debtor or someone in his household comes into money -- so a cheap hounding of years-old non-paying accounts nearly always turns up some dollars in the mail.
Really?
And their directive for promoting this is...(you place the answer)
Had a friend who got into money troubles due layofs, wanted to keep his house but had an ARM due to increase a lot, went to the bank to work out a more payable arrangment, bank told him to get lost, lawyer told him to walk away from the house, after missinga few payment he was contacted by the same bank asking what the problem was and they would house payment easier, friend told THEM it was now their house and to get lost.
Here is what I mean -- collections is so cost-effective these days, automated and able to be persistent a long time at low low cost, that the banks -- so I think -- figured that they could risk far more -- loan without due diligence, because even a rock can be squeezed for blood, eventually, these days. As long, that is, as the debt wasn't easily marked "BANKRUPT".
I remember the discussions here before the law was passed. Not the details, just the summary. As I recollect the key thing was that creditors with way outscale loan balances for present income would no longer be able to clear the decks, to be freed of all debt. Instead they would be forced into what becomes almost unlimited term indenture, of monthly payments that eat up the bulk of income after taxes. A lot more garnishments too. Quite the foolish way for our generation to treat our future!
I knew we we’re heading for trouble when I had two co-workers file for bankruptcy, kept their homes, moved to new homes and rented or sold the other one at the same time they got their debts lifted......how can you allow a person to have two homes and a motor home,boat, 4wheelers, etc and still let them file bankruptcy?....its a mockery....
I know “stuff” can happen....but we don’t go out an buy things we WANT but can’t pay for....we don’t have fancy stereos, lap tops, new cars and a new boat, or take fancy vacations....gee, we live within our means.....so I find it hard to sympathize with bankrupt people.....we could file bankruptcy too if we weren’t so dang responsible....
I don't think the RAts are going to win everything....the PUbs will hang in there...some people say that the Pubs actually have more guts when they are in the minority ....so we will see....
I just don't want anyone touching my hard earned retirement money because I'm white and don't deserve it...
One of my favorite sayings is: “Woulda, shoulda, coulda don’t mean sh*t.”
Hey...Not fair!
I have one adult dtr who is on Medicaid...she needs expensive treatment and if anyone thinks that govt insurance is the answer, they are sadly mistaken....the Medicaid people are several months in arrears in paying for my dtrs treatments...I think the doc continues to do it only because he knows me....otherwise, my dtr might not get the treatment and she could end up in a hospital...
That’s not what I’m talking about...although your example DOES happen too.
Employees are bound to protect stockholders investments - that is not liberal fodder. They can’t just give away the bank, you know. :)
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