Sapere aude
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Mon Dec-11-06 03:02 PM
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| I don't think the Bailey Building and Loan would work today. Potter would own it all. |
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Edited on Mon Dec-11-06 03:25 PM by Sapere aude
Imagine people making enough money to save part of it in an account with the Building and Loan and the the institution would make an interest only loan to someone else to buy a house with. Who has money to save now a days?
Today Potter would make you an interest only loan and the rate would go up until you couldn't make the payments and he would take the house back and resell it at a profit.
It's a wonderful life!
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| demnan
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Mon Dec-11-06 03:03 PM
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| 1. Only if that guy from Bangladesh were running it |
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the one who one the Nobel Prize.
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| Geoff R. Casavant
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Mon Dec-11-06 03:21 PM
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| 4. You can do micro-loans too |
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Check out www.prosper.com if you get a free moment.
Folks pool their resources to make loans to other folks -- the borrowers pay less interest than they would to a bank, and the lenders make more interest than they would get from a bank or even an average mutual fund.
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| demnan
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Mon Dec-11-06 03:36 PM
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| 6. Interesting idea, Thank you |
| Ishoutandscream2
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Mon Dec-11-06 03:06 PM
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| 2. George Bailey, Democrat. Mr. Potter, Republican |
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I don't think there could be much of an argument against that.
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| Lautremont
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Mon Dec-11-06 03:06 PM
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| 3. Merry Christmas, movie house! Merry Christmas, you old Building & Loan! |
| RaleighNCDUer
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Mon Dec-11-06 03:27 PM
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| 5. Bailey Building and Loan went bankrupt in the 80s. |
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The Bushes made a fortune on it. Potter was shut out. But he was made ambassador to Paraguay.
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| leftofthedial
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Mon Dec-11-06 03:38 PM
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| 7. raygun killed all the building and loans |
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Edited on Mon Dec-11-06 03:39 PM by leftofthedial
when the congressional Democrats allowed him to "hit the jackpot" on deregulation.
our only choices now are multiple flavors of Potter.
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Fri Apr 26th 2024, 11:20 PM
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