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To: major-pelham

I would make sure the person can pay for the stuff I would be willing to sell them. Isnt that common sense? When you buy a car or a house, they run credit checks, dont they?
Free market isnt an excuse for going hog wild and extending credit to people who cant pay. Isnt that how we got into this mess to begin with?


19 posted on 02/14/2010 5:26:42 AM PST by Yorlik803 (better to die on your feet than live on your knees.)
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To: Yorlik803
Isnt that how we got into this mess to begin with?

In a more general sense, it's the concept of universal entitlement (aka social justice).

20 posted on 02/14/2010 5:28:56 AM PST by Fresh Wind ("...a whip of political correctness strangles their voice"-Vaclav Klaus on GW skeptics)
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To: Yorlik803
Free market isnt an excuse for going hog wild and extending credit to people who cant pay. Isnt that how we got into this mess to begin with?

Not remotely.

The Government forced banks to write mortgages to people who couldn't pay. This practice started with Carter and became particularly toxic under the Clintons/Deval Patrick. It was the antithesis of a Free Market.

25 posted on 02/14/2010 5:41:34 AM PST by agere_contra
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