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Displaying (1) Comments | Comment on this piece | Report objectionable art
Banks should be taxed for the full berudn they put on the economy. We are way past the good bank making loans so the world can go around. Banks have become an excessive drain on capital. Let's stick with housing because this is a Real Estate blog. People paid and are paying prices for housing in excess of value. You can arrive at value any way you want, but the prices are higher based on lower interest, lower mortgage payments, and a perceived afford ability. The fact is that banks are expecting you, the consumer, to pay the full principle balance. Banks mailed out millions of credit cards, raised the rates, generated fees, and the consumer is now supposed to pay the full principle balance. You guys keep harping on the consumer. The were so stupid, they were so uneducated that they owe debt. Consumers owe billions, if not trillions of dollars in debt that they are expected to pay back. Consumers need to pay the bank debts they have before they spend more. That's the responsible thing to do. So follow my uneducated thinking here if you can because it is a little sketchy. If consumers are giving the banks money, were do they have more money for consumer spending? What happens to the consumer spending part of our economy? Rate this comment: 0 0
By: | Dec 19, 2015 | Report Comment
Feb_02_no_01a
mzabor
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