Tuesday, October 27, 2009


The sheer connivance perpetrated by the lending industry has been this: to turn blame away from the industry itself and offer up borrowers as a kind of financial aggressor or predator.

There are needs I require fulfilling. Housing and comprehensive medical coverage, particularly in an emergency, are two needs. The medical aspect is a topic to avoid for now. It is, after all, the "mortgage" crisis which is blamed for the problems we're now facing.

If I need shelter, housing, a roof, then what I'm going to do is accept the first offer to help, especially in an economic system such as ours, the best offer wins out. If I were to lend money to friends who I knew were unable to pay me back--because I have access to their banking and credit history--then my ruin is whose fault? Had lending companies bridled their greed, had they shoved their fists in their mouths instead of wadding cash in it, then solicitation of near-bankrupt and poverty-stricken debtors might not have been on the menu.

I fail to see how predatory and poor lending choices should be brought to bear on borrowers. I fail to see how my need to extra funds indicts my need for extra funds and for not being able to pay those funds back. If I could pay them back, I would not need them.

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