[kj] Killing joke and Communism

[Mister Black]

I strongly disagree with your use of the word " rape" to describe a business transaction between two willing partners , the person who is seeking the loan initiated the move , they approached the bank , so using the word "rape" is inappropriate .
   In the UK there are strict regulations about how much banks can loan people , the people must prove that they can repay the money , and banks will not loan anyone more than three and a half times their annual salary , so no one is "conning " anyone . I believe that people should be able to borrow as much as the like , it should be down to the individual to be responsible for deciding how much he can pay back and so how much he can borrow , and if hes so stupid to borrow more than he can pay back, then thats his problem.
  Loans are a business transaction between two willing parties , there is no "conning" , "raping" or "premeditated moves" and so no one needs to be held accountable if any party  defaults on their responsibilities .



========================================
Message Received: Aug 23 2007, 01:19 AM
From: "Brendan" 
To: "A list about all things Killing Joke (the band!)" 
Cc: 
Subject: Re: [kj] Killing joke and Communism

The irony however is that at the end of the day the 'consumers' are paying
to bail out the organisations that raped them financially in the first
place...as I said before, I personally see the chance that this was a
premeditated move...the big fish know they will be bailed out because
otherwise they would take the economy down with them.

Yes it's a good thing for the Fed to bail out the banks WHEN you're
already in that situation, agreed, however the big picture is: how the
hell did they get away with selling those loans to people in the first
place? And you can spout all the 'consumer freedom' or 'personal freedom'
stuff you want, but no one should be able to be conned into a loan that
they will never be able to afford and will bankrupt them...and shaft the
whole economy. 'Ignorance of the law is no excuse' so to speak, BUT...out
of the two parties in these loan agreements...one of them was aware that
they weren't feasible, and that was the banks / lenders! They should be
held accountable.

Another conspiracy theory: the contraction of the economy is a desired
outcome to corporations who profit from this mess, who saw it coming (and
/ or helped engineer it), because when they profit and the economy
contracts, their total share of the country's wealth, and hence their
power, increases...


> Greg : The U.S Government was correct to bail out the banks . If the banks

> would have gone bust , then it would have been peoples savings and

> pensions that were lost . And the Governments tax money was made by the

> people paying taxes . The U.S Government is there to protect the interests

> of U.S. citizens , not another Countries citizens .

> I would be very unhappy if my government were giving money away whilst

> at the same time my savings were being lost because of a bank going

> bust.

>

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://four.pairlist.net/pipermail/gathering/attachments/20070823/494720f3/attachment.html>