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9 Comments
NordlichReiteryou are not advocating what I think you are advocating are you? ....
its crazy... but....
siftbotMoving this video to notarobot's personal queue. It failed to receive enough votes to get sifted up to the front page within 2 days.
notarobot>> ^NordlichReiter:
you are not advocating what I think you are advocating are you? ....
its crazy... but....
My girlfriend got a letter in the mail today from CITIbank offering her a $10,000 "pre-approved" loan. Neither she, nor I, have any dealings with this bank. They somehow got our address and sent out this offer, which at (reading the fine print) 29.9% interest would ONLY cost $1200 a year! Now she and I both know that that interest would be a terrible to try to deal with, but how many people might get just desperate enough to agree to the terms to try to stay afloat? And how many people who get that desperate might not actually be any better off with even more debt.
I am increasingly feeling like the industry that exists and sustains itself by usury should be accountable for its actions. If they make a bad loan, and grant money to people who are never able to repay it, then maybe they don't deserve to get that money back?
"A fool and his money are easily parted" says an old proverb. In my opinion, there have been some mighty foolish banks over the last few years.
Check out what Rachel Maddows has to say about the bailout.
And if you have time, you might like this 2006 doc: In Debt We Trust: America Before The Bubble Burst
TrancecoachIconic imagery, especially when you consider this film came out in 1999.
TrancecoachOh yeah, and *dead
siftbotThis published video has been declared non-functional; embed code must be fixed within 2 days or it will be sent to the dead pool - declared dead by Trancecoach.
notarobot^Fixed.
chicchorea*dupeof=http://videosift.com/video/Fight-Club-End-Scene-Spoiler-Warning
siftbotThis video has been nominated as a duplicate of this video by chicchorea. If this nomination is seconded with *isdupe, the video will be killed and its votes transferred to the original.
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