Posts tagged as:

Obama

Will Obama discharge my credit card & student loan debt? “discharge credit card debt”

November 3, 2010

Question by Beltran: Will Obama discharge my credit card & student loan debt? I have ,000 debt in credit card & student loans will Obama create a program for the rich to pay my debts or to at least have the government discharge my debts? Best answer: Answer by AliNo. Add your own answer in [...]

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Will Obama discharge my credit card & student loan debt? “discharge credit card debt”

September 17, 2010

Question by Beltran: Will Obama discharge my credit card & student loan debt? I have ,000 debt in credit card & student loans will Obama create a program for the rich to pay my debts or to at least have the government discharge my debts? Best answer: Answer by AliNo. Know better? Leave your own [...]

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Do you think the tanking stock market is due more to Obama or because speculation has replaced real production?

May 31, 2010

It’s often said that “bad money drives out good.” In the same way, unproductive financial speculation, outright gambling, and usury (i.e., credit cards), if it is allowed, makes productive enterprise look like a poor investment. Of course, it’s a tautology that consumption can’t take place without commensurate production, so over the long run, the fraudulent [...]

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Why did Obama sue Citibank to force them to make bad loans and then say lenders should not make bad loans?

May 9, 2010

“In a 1995 case known as Buycks-Roberson v. Citibank, Obama and his fellow attorneys charged that Citibank was making too few loans to black applicants and won the case. As one commentator noted in May 2008, legal “successes” such as this were probably responsible for the sub-prime mortgage crisis of 2007 AND 2008. That is, [...]

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Obama wants to secure non fixed loans on homes, why? People took the risk.?

March 1, 2010

Obama called for a Homeowner and Financial Support Act that would provide funds to prevent catastrophic failures in the financial industry and help keep people in their homes. First of all, Investment banks were all the discussion on the German television. You invest and take the risk. People, I guess, signed variable rates to interest [...]

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