Re: Economist nonsense Soc.Sec. and houses

On Fri, 21 Nov 2008 10:07:22 -0800, Peter Franks <none@[EMAIL PROTECTED]
> wrote:

>Mason C wrote:
>> On Thu, 20 Nov 2008 22:00:11 -0800, Peter Franks <none@[EMAIL PROTECTED]
> wrote:
>> 
>>> Mason C wrote:
>>>> That is a failure of the unregulated free market -- overselling and 
>>>> in many cases outright deception if not criminal fraud.
>>> What is an example of the deception and/or fraud?
>>>
>> Deception:  telling people they could afford a house they *obviously* 
>> could *not* afford.   
>
>?
>
>I've always assumed that was MY responsibility.  So is what you are 
>saying that it is someone else's job to tell me what I can and can't 
>afford???

No.  Read.  It is someone -- anyone's -- responsibility to not deceive
you.

>  If that is the case, I've never listened to or obeyed what 
>someone else has told me to do wrt what I can and can't afford.  Please 
>explain why I'm not in debt and live within my means?

You are intelligent and well-educated and not vulnerable to a sharp 
mortgage salesman.  Lucky you.  Not all are so lucky.
>
>> Fraud:  unrecorded verbal instruction at odds with the fine print.
>
>?
>
>What are these "unrecorded verbal instructions" you speak of?

The instructions sharp mortgage salesmen gave to people strongly 
desiring to own a home.   
>
>Doesn't the fine print say that the fine print is the last word on an 
>issue, verbal instructions aren't authorized nor part of the contract? 

Yes.  next question...

>That is what it says on most every one of my contracts...
>
>>> How come I didn't get suckered into the deception and fraud when I 
>>> refinanced several years ago?

You are intelligent and well-educated and not vulnerable to a sharp 
mortgage salesman.  Lucky you.  Not all are so lucky.


>> 
>> I assume from what you say that you were not one of the "many cases."
>> You were smart or lucky.  (I'm surprised by your question.)
>
>Luck had nothing to do with it.  Smart, I don't know.  But I did read 
>the contract and I did take personal responsibility for my actions.

did I miss any question?   if so, I apologize.  please repeat it.




Mason Clark

*Greater America in the Age of Rebellion*
http://frontal-lobe.info/greateramerica.html
 -- many excerpts you can see --