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Jubbergun · **Posted:** Wed May 11, 2011 1:44 pm

http://news.yahoo.com/s/bw/20110506/bs_ ... 8031594062

That's funny, I was pretty sure a lot you guys said this kind of shit didn't happen. When they start making loans to bad credit risks again, don't be surprised.

Your Pal,
Jubber

Aestu · **Posted:** Wed May 11, 2011 1:50 pm

Except most of the bad loans were to white people.

Usdk · **Posted:** Wed May 11, 2011 1:52 pm

Really? Investment Banks are good with numbers. The Government, at some 14 trillion in debt, is not. They should shut the fuck up.

Why should a bank have to loan money to someone who they believe won't/can't pay it back?

Jubbergun · **Posted:** Wed May 11, 2011 1:57 pm

Once the loans were structured to meet the criteria necessary to make loans to people who were/are a bad credit risk, many white people qualified. Contrary to popular belief, there are a lot of shiftless sorry low-class white motherfuckers, too, but there's no impetus to toss good sense out the window for their benefit. They just get lucky and and can take advantage of what is done for 'diversity' and 'community reinvestment.'

Your Pal,
Jubber

Usdk · **Posted:** Wed May 11, 2011 1:59 pm

The banks aren't owned by the fucking KKK. they're owned by number crunching nerds whose calculators said you're a fucking deadbeat and don't get a loan.

Weena · **Posted:** Wed May 11, 2011 2:00 pm

Sir, as the owner of Pizza Place in Town A, why do you not deliver to Town B? You deliver to Town C.

Because Town B doesn't tip for shit, it's a bit of a haul, and we don't get many order from there anyway. So when we do get that one order, it interferes with deliveries elsewhere, especially Town C that's in the opposite direction.

Sir, that is unacceptable. In the interest of fairness to Town B, you are required to deliver there as they are in what we consider a deliverable distance to you. If that happens to interfere with your business, perhaps even to the point of dissolution, well that's too bad. Life's not fair, but that's no reason for you not to be.

Aestu · **Posted:** Wed May 11, 2011 2:12 pm

Usdk wrote:

The banks aren't owned by the fucking KKK. they're owned by number crunching nerds whose calculators said you're a fucking deadbeat and don't get a loan.

http://en.wikipedia.org/wiki/Blockbusting

Meowth · **Posted:** Wed May 11, 2011 2:14 pm

Weena wrote:

Sir, as the owner of Pizza Place in Town A, why do you not deliver to Town B? You deliver to Town C.

Because Town B doesn't tip for shit, it's a bit of a haul, and we don't get many order from there anyway. So when we do get that one order, it interferes with deliveries elsewhere, especially Town C that's in the opposite direction.

Sir, that is unacceptable. In the interest of fairness to Town B, you are required to deliver there as they are in what we consider a deliverable distance to you. If that happens to interfere with your business, perhaps even to the point of dissolution, well that's too bad. Life's not fair, but that's no reason for you not to be.

WAY TO PUT REAL LIFE INTO THIS
ALL THOSE YEARS

Jubbergun · **Posted:** Wed May 11, 2011 2:27 pm

Aestu wrote:

Usdk wrote:

The banks aren't owned by the fucking KKK. they're owned by number crunching nerds whose calculators said you're a fucking deadbeat and don't get a loan.

http://en.wikipedia.org/wiki/Blockbusting

That was a concern fifty years ago, you should have set your alarm for the 21st Century. Given the PR damage and legal ramifications businesses have to deal with over the issue of race, institutional racism has been dead for a fairly long time.

Your Pal,
Jubber

Baneleaf · **Posted:** Wed May 11, 2011 2:55 pm

When I bought my house I had decent credit and was in the process of paying off what remaining credit cards I had. The realtors, loan officers, and pretty much everyone else involved with the process kept telling me I could get a houlse that cost up to twice what I bought mine for. I knew what I could afford if something drastic happened, you know like the economy going to shit and gas going to 5 bucks a gallon, so I stayed in MY price range. If I had not done that I would have probably lost my house when all of the other suckers did. TLDR know your limitations, bankers are greedy mother fuckers.

Aestu · **Posted:** Wed May 11, 2011 2:58 pm

Jubbergun wrote:

That was a concern fifty years ago...

...and what changed since then was the law.

Loan sharking, that's also against the law, for the same reason: abuse of power.

Usdk · **Posted:** Wed May 11, 2011 3:00 pm

lol loan sharking is against the law because the gov't doesn't get a cut.

Dvergar · **Posted:** Wed May 11, 2011 3:03 pm

I see this kinda of thing in the same vein as affirmative action. Bad solutions to legitimate problems.

Jubbergun · **Posted:** Wed May 11, 2011 3:07 pm

Aestu wrote:

Jubbergun wrote:

That was a concern fifty years ago...

...and what changed since then was the law.

Loan sharking, that's also against the law, for the same reason: abuse of power.

I'm pretty sure that in the part of my quit you conveniently omitted that I state that the law is part of the reason this has changed, the other part being public opinion. The government only cares about abuses of power when its not the one committing them. The abuses of powers it endorses (or in this case, insists upon) are perfectly acceptable...but that still doesn't make it right, especially when we're still recovering from what this "community reinvestment" idiocy visited upon us last time.

Your Pal,
Jubber

Aestu · **Posted:** Wed May 11, 2011 3:45 pm

What would your fix be?

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