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Termyn8or -> RE: More Fallout from the bailout (9/20/2009 8:21:48 AM)
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Interesting UN, though I could only give it a quick scan because it is Sunday morning and I need some time for my eyeballs to fall into place (LOL). I wll have to give it a full read later. But "bankrupcy boot camp " sounds pretty cool. I have no compunctions against taking every legal advantage.
This is not the only venue in which justice is broken or at least very badly bent. It did take me a while to learn it, but I see how it is. They will do everything possible to ruin you and throw your ass in jail if they take a mind to, so I have no problem with the defense resorting to the same nasty tricks. I may cheer when they execute a mass murderer, but for lesser crimes I don't bitch when someone gets off on a technicality.
If I wetre on the other side I could probably come up with a proper argument and screw the 'deadbeats', all nice and legal. The argument would consist of 1) You signed that you will pay. 2) This guy paid it, now you must pay him. )3 Here he is and he wants his money. He has the paperwork which transferred the loan to him.
But take the argument to next level. There are two loansharks in town, Rollo and Ringo. Rollo is known for a quick temper and kills/maims people for non-payment. Ringo on the other hand is a bit more easy going, and his business is actually doing a bit better because quite frankly his clientele is still able to work after missing a payment. So naturally most people would go to Ringo to get money. Should Rollo even be allowed to 'but the paper' so to speak ?
We went to a specific bank, our second choice actually to get the loan for this house. Reasons include the fact that back then they were one of the few banks where you can make the payment on a Saturday. The first choice was the bank in US that maintained the highest capitalisation of all. The bank that got our business was a smaller bank, nearly as solvent and now that I mention it neither one of them has asked for, nor needs any sort of bailout. I think it was simply business done the right way.
So in light of that, they write you a fifteen year mortgage, you are in it for the long haul, fifteen years unless you pay it down early. Now if perchance it was illegal to sell paper, they would also be stuck with it for the whole term, just like the debtor. What would be wrong with a system like that ?
Given that provision, and the fact that instead of writing a check for their misdeeds, the Armani is traded in for a blue jumpsuit and the Rolex is similarly exchanged for a pair of handcuffs, I think things would be alot different right now. I would actually commit a crime to see these assholes take a shit, trade their muffins for meat, fill out the commisary form every week, things like that. Hey, I can dream can't I ? Of course if they got raped the same rules would apply - I didn't see a thing. Drag his ass feet first down a flight of stairs, I am blind as a bat.
The game is almost fair if everyone plays by the same rules. Like in a casino, the best of the best can actually come close to leveling the playing field, and anyone who knows what they are doing knows that this is the best they can do. In other words don't bet the rent no matter how good you are. Getting a fair shake in court is even harder though. It could take years to learn just enough to win one case. Some lawyers are actually worth the money, and I hope to hell the one handling my affairs is, he came with really good recommendations. At this point in life, in a criminal case I would probably represent myself pro se, but when it comes to the financial I simply don't have the time to learn how to effectively do this.
More later, feeding time at the zoo. I'll explain that later.
T
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