by tovarichpeter ➕follow (7) 💰tip ignore
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The federal government bailed out the banks, Wall Street, state and local governments and the rich, but let everyone else fend for themselves.
This building is built like a brick shithouse.
My house will be paid off this time next year.
We're all in about $1,200/mo PITI. We're under 7% debt to income on the payment.
WookieMan saysWe're all in about $1,200/mo PITI. We're under 7% debt to income on the payment.
I live in California. I hate you. May illegal immigrants and homeless crap on your lawn.
WookieMan saysWe're all in about $1,200/mo PITI. We're under 7% debt to income on the payment.
I live in California. I hate you. May illegal immigrants and homeless crap on your lawn.
This is one of the positives of home ownership. You of course need to live there long enough to pay it off. But if you do, those savings can be massive in the years you need to conserve the cash the most.
Since WWII buying a house was not a high risk endeavor, that is until Glass Stiegel was removed. Glass Stiegel not only separated main street banking from investment banking, it prohibited investment banks from securitizing loans on residential properties. Well, 10 years after its repeal the financial system almost failed because of dodgy loans underwritten by Wall Street.
Regulatory capture is a form of government failure which occurs when a regulatory agency, created to act in the public interest, instead advances the commercial or political concerns of special interest groups that dominate the industry or sector it is charged with regulating.[1] When regulatory capture occurs, the interests of firms, organizations, or political groups are prioritized over the interests of the public, leading to a net loss for society. Government agencies suffering regulatory capture are called "captured agencies".
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An Antidote to Corporate Media
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