 Did you know that EQUITY CAPTAL FINANCIAL telemarketers are calling you from argentina???Mortgage brokers? |
| Be careful, because they are lying to you specially mexicans, they call from argentina the company name is EQUITY CAPITAL FINANCIAL, if you need more information write me to mi mail i am from ... |
|
 Is this manipulation? |
1. Do managers have the right to seek control over their
employees?
2. Does anyone, for that matter, have the right to control
others?
3. Does control imply ... |
|
 I'M 16, WHAT'S A GOOD JOB I CAN GET ONLINE? |
i mean, i'm already using inboxdollars to take some surveys and it's legit. but i don't want to have to INVEST to EARN.
even ebay causes trouble.
i just need to know if ... |
|
 Women bosses: do you like them? |
Additional Details
Interesting. Most of the women responding seem to be very negative on the idea of having a female boss. Based on my own observations in the work force, this is not ... |
|
 Can you get cash back from a walmart gift card? |
| I have a $50 walmart gift card and if I go in and get like a drink, can I get the rest in cash?... |
|
 Why do Americans shop at the big box stores Like Walmart, Sams, Costco? |
| Don't people realize that small, family owned businesses give better service at a reasonable price? Or do we just not care anymore about quality?... |
|
 How do i get a company to take my complaint serious.? |
| I have a credit card company that puts me on forever hold 45 minutes plus. thay keep giving me the run around about money they should have credited me. and everytime i call them the whole process had ... |
|
 If a U.S. Bank can't be closed for more than three consecutive days, why don't NV banks comply with this? |
| I've just learned that Nevada State Bank is closed for four consecutive days for the Thanksgiving holiday. Why don't they have to comply with the law of not being closed for more than ... |
|
 I've been having problems with sprint for the last 5 years, I've been with them 9 years am I wrong to tell? |
| I've been having problems with sprint for the last 5 years, I've been with them 9 years am I wrong to tell to take a hike? If no why, and if yes why?... |
|
 If Google & Yahoo merged, what would you name this company? |
Additional Details
www.gahooyoogle.com
doesnt work. sorry.... |
|
 Ebay question? |
| im thinking of selling ice lollies on ebay how would i work out my postage ... |
|
|  |
A D | Subprime crisis: did the banks screw their customers, or were the customers just being greedy? |
In other words; is it the fault of the banks selling people unsuitable mortgages and loans that they could not afford, or is it the fault of lower income / unemployed people grabbing what they could at the given opportunity and then telling the banks that they could not repay? |
 |
 
RM
|
5% of the blame goes to the government and special interest groups such as ACORN that pressured banks into creating these loans so that unqualified people suddenly became qualified. Also blame Pres Clinton for passing the CRA (community reinvestment act) that made it basically illegal for banks not to offer credit to minorities and low income families.
95% of the blame goes to the stupid American who actually thought a minimum wage McDonalds job entitled them to a $400K house. Most of the people losing their houses right now were never qualified to own them in the first place. |
|
jokerman131
|
people shouldnt borrow what they cant afford to repay
banks should make sure before they lend that people can repay.
at the end of the day banks shouldnt have been lending money but they were driven by bonuses and high salaries.
|
|
PinHead
|
Its the fault of the banks simple as
edit - there are laws in place to protect people (known as vunerable borrowers) in the UK, the banks blatantly disregarded not only this but "fudged" affordability factors of applicants to throw money at them,
edit - yes I used to be a mortgage underwriter too, fact is banks (and brokers) know full well the ways and means to get applications through and took full advantage of this fact to give money to people who couldnt afford it. |
|
Clay B
|
Ok if a bank is going to give a loan to someone who is unemployed then its their fault when the unemployed person cant pay. I doubt that anyone would take out a loan that they knew they couldn't repay because when you cant pay a loan you go bankrupt and your stuff is repoed and your house forclosed. I really don't understand the mentality of all the conservatives who claim that its always the poor people and democrats. The fair lending act and any act like it do not force banks to lend to minorities they just help with the discrimination that they normally receive. and if a bank doesn't think someone can repay they they dont have to loan to people but they think that if they give you a super low rate now then in ten years after you've had a couple raises then you'll have more money to pay them so they jack up your interest rate. after everythings said and done its really the fault of capitalism because the bank is going to tell you that you can afford the loan and being an average consumer believing an expert telling you this you take the loan. thats whats the dealio |
|
in +HIM+
|
I really hate it when people want to blame the "institution" for consumers' personal demise.
It's time that people step up and take personal responsibility for their own actions.
I used to be a home buyer education trainer and I can say that it doesn't take much to be an informed home buyer. Just knowing the basics (like what is an interest-only loan? what is PMI? will my taxes and insurance be escrowed?) can save people a lot of headache down the road.
The customers are absolutely the ones to blame. What type of IDIOT signs on the dotted line without fully understanding the documents?
It's one thing if the breadwinner loses his job b/c his company pulled out of the US and went overseas...I get that. The unemployment/foreclosure crisis is something different. A lot of times, people cannot control that.
But the others who were buying well beyond their means or just straight up didn't understand their loan terms get what they get.
|
|
homo in da know know
|
it's everyones fault banks and people alike and the way things turned out as most people were not expecting this to happen .they made their choices this is the result ..i'm sure banks and da people alike have heard of the word ''no thanks'' they,ve told me often enuff |
|
marksta2006
 |
Although there will be lots of cries from the "if you can't afford it you shouldn't take it" brigade, the fact is that often the banks persuaded customers to take the loans out. They take a breakdown of your income and expenses and say "you can afford £xxxx" and so some customers will take the loans based on the bank's advice. After all, they are the ones loaning out the cash.
It's very easy to be persuaded that you can afford things by the people selling them, it's the way capitalism works.
|
|
Big G
 |
What happen to taking responsibility for your own actions?
1).It is the customer who knew they shouldn't get this loan!
2). The banks for not doing their "Due Diligence " and lending the money.
3). The Democrat's in congress for pushing for lending money to the poor people when they knew that they couldn't afford to own a home yet, and made these sub prime loans too available!
Sorry but facts are facts! |
|
rgentry23
|
Why do you say lower income and unemployed people? That's just not true. Anyway, the blame for the crisis lies totally at the feet of the banks. They lended money irresponsibly. That's why we have things like credit scores and ratings, to prevent such things from happening. They disregarded these safeguards. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 40 minutes(s) ago
| | | |
10 | 2 hour(s) ago
| | | |
10 | 3 hour(s) ago
| | | |
10 | 4 hour(s) ago
| | | |
10 | 8 hour(s) ago
| | | |
10 | 10 hour(s) ago
| | | |
10 | 1 day(s) ago
| | | |
10 | 4 day(s) ago
| | | |
10 | 1 week(s) ago
| | | |
10 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Corporations 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
