Search results

In this story, the real estate agent that got paid commissions for selling a house she KNEW would be foreclosed on soon.

I guess you didn't read the article YOU posted. This is a case of predatory lending NOT a case of Pedro outsmarting a loan officer. The real estate agent balls out lied to them and probably lied to the lender as well in order to get her commissions. That agent probably should belong in jail.

I hope those three smileys at the bottom means this post is a joke. No loan officers were outsmarted. Fanny and Freddy were mandated to provide these high risk loans. They were mandated to accept lower credit scores, lower to no down payments and better terms for the borrower. The regular banks...

It is to help others. However most of the time when newly registered users are talking about a great new tool they found that person is a paid promoter for that tool. Very few people sign-up and promote a product in their first post that isn't a promoter. They create new accounts shill for the...

Who is the bigger idiot? The idiot that wants to borrow more than he can repay, or the idiot in charge of millions of dollars of other peoples money that gives him the loan?

The best system is the one that works for the person using it. If this works for you then kudos for finding what works for you. Many never will.

This site is paid for by advertisers. People shilling products without paying for the right only hurts the site as a whole...much more so than a troll does. If these guys want to help pay for the site then by all means do so and advertise. I do think trolls should be banished as well.

I personally use 1% but it depends on personal taste and how often you consider your account balance. What do I mean? Well using your 2% example, if you have say a $50k account at the start of the day and you say "ok 2% of 50k is $1000 so that is what I am going to risk every trade today" then...

Because the people that are in charge of finding out who did it are the ones that did it.

The real question is how many Republicans even receive these checks? If what you say is true, and Republicans really want to get rid of these programs then why would anyone on these programs be a Republican? This is exactly why these programs need a serious overhaul. They are basically a form of...

No, UE checks are to help people pay high priority bills and buy necessities to survive between jobs. I doubt housewives of rich doctors would starve or lose their house without their UE money. On the other hand do you have any idea how many loans for houses, cars, etc. would have really been...

I don't think they need "regulated" in the traditional sense of setting up some new government agency to constantly change the rules by which they operate. There should however be some legislative restriction put on them though about how liquid they need to remain and the types of risk they can...

When all of this happened I felt the same way. Then i started really thinking about what it would mean if banks were required to keep peoples deposits safe in cash so that they would be able to cover all deposits if there was a run on the bank. Then I realized this would never work. Banks get...

You are sort of right. We can't blame the countless individual employees at these banks. Just the ones that consciously decided to buy the risky "toxic" assets. No one forced them to make these bad choices and it doesn't matter how hard they worked to get there they still F'ed up. Wells Fargo...

I agree. They also seemed to paint Lehmon Bros as a victim when they were just as guilty of causing the problem as the rest of them.

I disagree. Not to mention, your examples are flawed when compared to your original assessment. In your examples the people are selling "tools of their trade" to buy consumable goods...only one of which is even remotely necessary and none of which are bills. Now for real examples. Assume a...

The best way to raise tax revenue without raising the tax % is to allow businesses to expand and raise wages. The problem with the EU and to a lesser extent (but growing) in the US is the ever growing social entitlement programs. You can't keep taxing the workers to pay for those who are content...

Don't forget the wall. They need to build the damn border wall first.

I agree that size itself is not as important as is size to account. Not just for psychological or stress reasons either. If you are risking a large % of your account or heaven forbid going "all in" on each trade you are going to blow your account. It's not a question of "if"....it's "when"...

This is why sales tax + luxury purchase tax works better than income taxes...in any state or country. You can hide income in many different places but you can't hide it from the cash register. If you are rich you want to live rich and thus have to pay the taxes for doing so. If you are poor you...