Re: Economist nonsense Soc.Sec. and houses

"Peter Franks" <none@[EMAIL PROTECTED]
> wrote in message 
news:sCHVk.23892$9Z6.8571@[EMAIL PROTECTED]
> Mason C wrote:
>> 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.
>
> So, what changed?
>
> Why were these "sharp mortgage salesmen" now pu****ng (what would soon 
> become bad) loans?

                          What is commissions and bonus money for $200 
Alex.