My plan to rescue the financial market!!!

Quote from hajimow:

Just read and clap and bow for me :D

I believe every person who wants to buy a house and get a mortgage should pass a test (like citizenship test) to test his basic knowledge about market and interest rates and... To make sure that what problem he might get into when like the interest rates goe up from 5% to 10%.
Any one who applies for a credit card should also pass a test to make sure sure that he knows how he can get killed if he wants to pay 22% interest rate.
Both tests can be combined together and call it debt and credt test.
Now my question is if Bernake wants the government help the market fast, why he does not reduce the rate as a start?
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I agree. let's have a voting test too.

And we may as well add parenting tests to the mix. Next we bring in the license to vote, get married, attend church.


I h8 my fascist side :D


8s
 
Quote from hajimow:

I believe every person who wants to buy a house and get a mortgage should pass a test
More...

Good idea. I propose a financial test: anyone that wants to buy a house must put up minimum 20 % down payment and show income 3 times greater than the mortgage payment and taxes. And the woman's income does not count becaues if she gets knocked up she might quit her job and there is no income.
 
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