Jerry Okamura

"Alvin E. Toda" <aet@lava.net> wrote in message
news:1208383800-sch@news.lava.net...
>
> 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....

Because it is "gambling", if you are buying your home in the hopes
that the
purchase will appreciate in value. And yes, anyone who buys a home,
that
should know better, i.e. that they cannot keep up with the payments
such a
decision involves, is not worthy of protection. It is the same basic
problem when our government "bails" out a business.
>
>> 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.

Do a web search, I am sure you can find exactly what he said. Then do a
further search to find out what many in the black community said in
response
to what he said.
>
> 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.
>

Companies can "escape" their obligations because the very Government
that
you support, gave them that ability to "escape" from their obligations.