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Originally Posted by fugazifan
i wasn't saying that banks are 100% responsible. but i also don't think that interest rates should be so high that they make it impossible for people to pay back loans, regardless of whether somebody made an informed decision to take out a loan or not.
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I agree, it takes two to tango but it doesn't in the case of predatory lending. These lenders were like line sharks, they were out scouting all over the hoodz of America, they were multi-lingual, they were manipulative, they were deceptive, they exaggerated how easy it could be, and it spiraled out of control as banks increasingly were looking to sign the next poor person from the ghetto like majors were trying to sign the next Nirvana in 1992..
By the way, tonight's debate, when Barry keeps it smooth and cool, he is icing this thing. Mitt is just trying to rowel him up to get a bit of angry black male because a lot of white folks still feel threatened by the angry black man. The whole thing is silly, but Barry is preaching it like a sermon, the ol Bill Clinton and Ronny Reagan approach, so he needs to keep rolling with it. He doesn't need to bite on Mitt's obvious troll bait to get a quarrel, he should keep that smug smile and swagger like Joe Biden had against that geeky Paul Ryan. Smug wins in Am-uh-rer-icah yo