Joe and Bob grow up together. They are both smart kids and do good in school. Joe gets into Harvard and Bob goes to Yale. Joe fudges his numbers a little on the financial aid forms to make himself look like a poor helpless person, so he gets free tuition. Bob comes from a middle class family whose parents have paid taxes for years, so the government assumes his parents can chip in and so he gets nothing. Bob says itâs worth it because when he graduates, heâll get that great job and pay back the 100k in student loans heâll have to take out. They both graduate and Joe gets a job at JPMorgan and Bob lands one at Bear Stearns. They both work hard and start making some money. Then one day Bob finds out his company is gone and heâs suddenly out of a job. He doesnât panic because he managed to save 6 months of living expenses. Combine that with the $350 a week in unemployment benefits he gets, and heâll be able to survive for awhile. He starts hitting the job market. He sends out countless resumes. Most give him the same response, âdonât you know weâre in the middle of a recession? Weâre not hiring.â Meanwhile Joe is doing great. Heâs making lots of money now, mostly due to the fact that JPMorgan is picking up great bargains for pennyâs on the dollar and forcing the government and the Fed to secure all those assets. Bob on the other hand, has almost depleted his savings. One day, he has the choice of paying his mortgage or credit card. He picks the mortgage and manages to pay his credit card bill 10 days later. When he goes to pay, he notices his interest rate was jacked up to 28%, along with a $39 late fee. He calls the company and explains the situation, but they donât care and refuse to lower his rate back to where it was because they now deem that he is a greater risk. A month goes by and Bob decides to not pay his credit card for now, because the whole payment will just go to interest and heâll never pay it off that way. Then, his daughter feels sick one day and the doctor says she needs an appendicitus. But because the COBRA on the health insurance plan from his old job was $800 a month, he decided to forgo the insurance and assumed he could get another job before anything major happened. Instead, he will now have to finance the 15k operation with the hosipital. More time goes by, and Bob realizes getting a job in the financial field is tough now, so perhaps he needs to look elsewhere. Realizing he has little skills to perform another kind of job, he thinks going back to school is a good idea. Heâs shocked when he sees how much tuition has skyrocketed in the past 10 years. He fills out the financial aid forms, but they just laugh at him because his tax return shows he made 80k last year. He looks to take out more loans, but they deny him. Afterall, how are you going to pay money back with a job you donât have? Finally the call comes through. He gets an interview. He goes there and they like him. Theyâre about to offer him a job, and do a background check as a formality. It is then that they discover his trashed credit history. They tell him they canât offer him the job because, afterall, how can they expect him to be loyal when he canât even pay his bills on time. Desperate, Bob sees bankruptcy as a possibility. But then he remembers that the 75k left on his student loans doesnât come off in a bankruptcy, so it wonât do much good. Finally, just to make some money, he goes down to the local pizza joint and starts working as a driver. At least he can make a little money. Soon, he mangages to get another interview. They see how long heâs been out of a job and asks him what heâs been doing in the meantime. Bob comes out with the truth and admits that after looking for several months, he finally started deliverying pizza just to make some money. The interviewer hears that and says theyâll call him if they can offer him something. But they never will, because they heard he delivers pizza, so they assume heâs a complete loser. How are they supposed to hire someone like that? People on this thread like TraderAntiChrist and the like, will use their narrow minded simplistic logic to obviously come to the conclusion that Joe is a hard working guy who gets paid well because of the so called âvalueâ he brings to this world. Meanwhile, Bob is a lazy, pathetic, worthless loser who thinks heâs entitled to everything. He is obviously broke because of his poor choices. He deserves to be thrown in debtors jail and live a life of poverty. When he attempts to get back up and try again, you people will hurl insults and try to kick him back down, just to make sure heâs had enough. Of course the difference between these two people are actually very small. But one is living a great life and one is not. How they got there doesnât matter to people who spout their simplistic, unattainable logic. Sure there are people who abuse the system, and they shouldnât be allowed to, but a lot of people are just finding themselves in bad situations. Maybe this thread wasnât the best place tell a story like this, as it seems that some here may be deliberately trying to not pay their debt, but the amount of good, hard working people who had one or two things go wrong that spiraled out of control greatly outnumbers those that abused the system.
Fuk that, i dont get why yu american consumers accept all that regulation nonsense. In uk you want a mobile phone with a 18months pay monthly contract you just walk into the shop and the sales assistants will all be begging you to buy their most expensive one staightaway. They tried asking someone on the UK for a creditcheck or anything like that and the UK person would actually just say to them ''Fuck off you mug'', and would walk into the shop nextdoor and get the phone from there. And for utilities you get them automatically, even if you dont pay or even register with the energy provider they just supply enegery to all homes regardless and dodnt even bother checking who lives there. Its basically up to you to choose whether you want to tell them that you have moved into the house and so to setup a direct debit to them. But if you dont bother doing that (like i didnt 8months ago when i moved into my flat) they just dont know you exist! The rules in UK are ''If you dont disturb them, they dont disturb you''. ''The customer is always right, no matter what''. And everyone in UK is entitled to £67 per week + £160 per week. (£900 per month) If they choose not to work, and instead just be unemployed. +We have unlimited free healthcare here on NHS so you never have to worry about medical bill as they just dont exist. lol Very nice easy country to live in. Although wish we had Miami weather here!
LOL If everyone in the US thought and acted like Fractals 'R Us, jueco2005 and mitsubishi (spanish89 is in a league all his own) there wouldn't be any credit, and people wouldn't be able to do anything business related, much less transact business with other like-minded people because absolutely no one would be considerd trustworthy. *** While it is obvious that one group of people won't understand my post, I didn't write it for them, I wrote it for the people that do.
Actually that was an excellent story, and from the socico-financial aspect I would love to see the stats on how many people there are like that who are experiencing a problem in the current credit crunch. But I have a sneaky feeling that the majority of the people are going to be like the deadbeats in this thread ... people like this who think the world owes them something seem to act pretty consistently in terms of their behaviors and patterns (yeah, I know. There's always another excuse ...). This thread is pathetic.
As are the losers who have spewed their "me, me, me" selfishness, false entitlement, irresponsibility, disregard for others, and self-serving attempts to rationalize bad behavior.
1day you saps will learn that morals, community spirit, self righteousness and all that nonsese doesn't get you anywhere in the real world! Now get back to work, us lazy people need you to keep working hard so we can then get your money as a reward for us doing nothing!!
Actually I'd say Joe is a scumbag for fraudulently getting financial aid who, at the very least, owes Harvard his tuition + interest. As for people "just finding themselves in bad situations," many have. But I'd say more are "victims" of their own thinking and bad decisions.
LOL This is what you need to learn though fool, that at trhe end of the day no-one gives a fuk what you (or anyone else) thinks about the morals of others actions. Since the end result is the 1 and ONLY thing that will actually count in the real world reality. You can get as angry and throw as many hiss fits of huffs as you like, but the reality will be that Joe acheieved his overall aims, while bob failed. end of story
Was I talking to you? If you want to make it an official bet whether I make money by trading. We call a lawyer, deposit some money (a few K to make it interesting) in escrow, and get it audited and done. It is a legit offer. It's not a statement, it is a solid offer to put your money where your mouth is.
Loool I just looked at the quoted bit from the above post, and do any people still think that i dont make money trading?? :eek: If there are any i can very veyr quickly and easily prove it 1 way or the other, but i thought that the whole ''spanish doesnt make money'' thing was dealt with last year in June. Im just amazed at how long this thread has gone on for, and how many countless hours so many people have wasted writing a load of stuff in here, that actually is just pointless and moot. Lol Since the people who are gna scam the system are gna keep on scaming the systems regardless of a post, the people who are the good-goodies and endup being the doormat for the other people/and the government, are gna keep being used and mistreated by society.... So this post isnt actually gna cause any changes on either side. lol I just post in it as i get mild amusement out of winding old biffers up when im feeling bored.