Alvin E. Toda

On Wed, 16 Apr 2008, Jerry Okamura wrote:

> There are "government" programs for homebuyers. A
> homeowner can deduct their mortgage interest, the
> property taxes they pay on that home. If they own
> the home for a couple of years, and make a profit
> when they sell the home, they can exempt $250,000 per
> person from capital gains taxes. Those who do not
> own a home, do not get the same breaks....

Yet you call buying your own home "gambling", and not
worthy of protection for the consumer....

> When someone like Bill Cosby said recently about the
> problem with Blacks was he called a racist for saying
> what he said? Was what he said a fact?

I don't recall specifically what he said. But IIRC
weren't his comments general enough that they could be
construed to mean that if you were black, you deserted
your wife and unborn child... ie Cosby didn't say that
a lot of problems with black mothers were due to
fathers deserting them because they did not have the
sense of responsibility for the messes that they
created. In this hypothetical example, his words were
stated to mean that the cause was that they were black.

Soros doesn't say this-- ie that blacks took out these
subprime loans because they were black or that their
social environment caused them to do that. He told
Charley Rose that the reason many will suffer from a
home forclosure is that so many who are unqualified but
bought into the American concept of home ownership are
black. You need to tell the difference between what
Cosby says and what Soros says.

> You do not have to worry about paying of your debt,
> if you are successful. You have trouble paying of
> your debts or trying to pay of your debts, when you
> are not successful.

But it doesn't mean that you don't have to pay off your
debts when you are unsuccessful. You still have an
obligation to pay back, and the honorable CEO does his
best to do that.