[jazusamo]

*PING*
Thomas Sowell

Recent columns
Irresponsible ‘Education’
Local or National Elections?
America’s Best Interest Not A Priority For Barack Obama

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[Red Badger]

Yes, Banks the world over go out of their way to lend their customers hard earned dollars to people who can’t pay it back. It’s a damned shame..................

[oldbrowser]

Editorial demagoguery against "predatory" lending might well be called predatory journalism

I like that: The media are in many cases "predators".

[jazusamo]

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[Carry_Okie]

Just what is predatory lending? It is lending that charges a higher interest rate than people like those at the New York Times approve of.

No, it is making loans with "disclosed" terms the borrower cannot understand (being hidden in legalese) designed to force default and a profitable foreclosure.

[GOPJ]

So rather than just have a housing crisis based on NINJA LOANS (No Income No Assets ) we’d have a whole economy based on such foolishness. Maybe the New York Times is failing because they can’t do math or think logically... and we mistakenly thought it was the internet... Sowell would know... maybe he can address the New York Times...

[Calvin Locke]

These repercussions ... that almost invariably follow, the deterioration of existing housing...

I recall reports of Cali's Northridge quake did more damage because rent control over the years made it uneconomical to replace existing buildings with newer, more earthquake resistant buildings.

[papertyger]

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