why not pass a bill outlawing foreclosures for a period

Discussion in 'Economics' started by mahram, Nov 18, 2008.

  1. i have this terrible fear that financialy responsible living will become a felony

    the penalties already given are already much larger than fines for most felonies

    but at least i dont have a criminal record

    for that, i am gratefull
     
    #11     Nov 18, 2008
  2. Lucrum

    Lucrum

    I rather see them outlaw stupidity.

    Just think of the possibilities.
     
    #12     Nov 18, 2008
  3. If stupidity was outlawed then Congress would no longer exist.
     
    #13     Nov 18, 2008
  4. ET has that. It's called the "ignore" function.
     
    #14     Nov 18, 2008
  5. Talk about overcrowding of the prison system!!
     
    #15     Nov 18, 2008
  6. Lucrum

    Lucrum

    I use it liberally.

    That's the whole idea.
    :D
     
    #16     Nov 18, 2008
  7. clacy

    clacy

    The sad thing is that 60% of Americans would likely think this is a solid idea.

    Probably 30% of congress as well.
     
    #17     Nov 18, 2008
  8. BSAM

    BSAM

    I think the government should buy every legal American a house.
     
    #18     Nov 18, 2008
  9. Its better to make a law that for any loan, any credit, a 30% deposit is required.

    In effect government is already preventing the foreclosure of the banks and hence bad decision making / greed on the part of the lender is not being addressed.

    Maria
     
    #19     Nov 18, 2008
  10. Why make it a felony when you can just fine the living crap out of the productive without going through the paperwork and the hiring of more law enforcement officers. Sweet deal for the government.

    If you want to leave the country in protest, the government rapes you on the way out by taxing your assets as an exit fee (like the mafia).

    So, the only option is to live it up. don't save. Live beyond your means and let the government pound sand.
     
    #20     Nov 18, 2008