tag:blogger.com,1999:blog-2330294340043347758.post8705621771191645388..comments2023-04-27T05:35:24.073-04:00Comments on Jim Blaine on Credit Unions: "To QM or Non-QM?".... That Is The Question!Jim Blainehttp://www.blogger.com/profile/15231738536629398905noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2330294340043347758.post-4239318634099904182013-12-18T07:32:03.503-05:002013-12-18T07:32:03.503-05:00Just one last thought about the value of the CFPB!... Just one last thought about the value of the CFPB!<br /><br />"Any fool can make a rule, and any fool will mind it." H D ThoreauAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2330294340043347758.post-2845782616882216742013-12-18T00:00:58.738-05:002013-12-18T00:00:58.738-05:00A "fool" is simply fair game?A "fool" is simply fair game?Jim Blainehttps://www.blogger.com/profile/15231738536629398905noreply@blogger.comtag:blogger.com,1999:blog-2330294340043347758.post-84388046768558794602013-12-17T19:56:05.116-05:002013-12-17T19:56:05.116-05:00"I predict future happiness for Americans if ..."I predict future happiness for Americans if they can prevent the<br /> government from wasting the labors of the people under the pretense of<br /> taking care of them."<br /> -- Thomas JeffersonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2330294340043347758.post-90217236961287616972013-12-17T19:46:14.898-05:002013-12-17T19:46:14.898-05:00Why don't you cry for the those you did see it...Why don't you cry for the those you did see it and did not join the party! What was unfair about doing a financial transaction with a fool who believe if he brought a 5000 square foot house which was full of granite every thing which clearly made the house worth triple the value of the granite? Some where you wish to forget that there is a sucker born every minute and 2 to take their money. No sympathy for the borrower or the lender. It would have been much better if the Government stayed out of the mortgage business so the homes could reach their bottom and we would be in real recovery now and not screwing our children's future.<br /><br />What part of bankruptcy being a constitutional right don't you get? We had a system that worked until we asked government to do the thinking for us!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2330294340043347758.post-61950454983496941802013-12-17T18:10:56.434-05:002013-12-17T18:10:56.434-05:00Don't disagree with a good bit of all that exc...Don't disagree with a good bit of all that except the idea there was only "some consumer unfairness"... what I've seen was more at rampant, unconscionable, egregious, mean-spirited... any way you get the idea.<br /><br />If government should be criticized, it is more for what it failed to do than for what it actually did!<br /><br />But then again, WE were right there watching it happen without much visible/verbal objection....<br /><br />OUR hands are clean? Nothing needs to be done? Let's do this recession one more time with gusto and get it right?<br /><br />Whose at fault can be debated endlessly, what happened can't!<br /><br />What happened was not right...Jim Blainehttps://www.blogger.com/profile/15231738536629398905noreply@blogger.comtag:blogger.com,1999:blog-2330294340043347758.post-54454707561581383282013-12-17T16:57:48.159-05:002013-12-17T16:57:48.159-05:00So you are suggesting that you are good with sendi...So you are suggesting that you are good with sending in stupid to fix stupid!<br /><br />I also humbly disagree that Government was not part of the problem. Would you let a doctor operate on you again after he screwed up the operation once? <br /><br />I firmly believe that there was some consumer unfairness, but the underlying reason was just plain human nature. Churches have been warning forever about the ill effects of greed, and it just has not worked. People want a "Silver Bullet" to provide them with wealth without effort. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2330294340043347758.post-2904357948497940172013-12-17T14:49:04.893-05:002013-12-17T14:49:04.893-05:00Guilty! Still very much for the underlying precep...Guilty! Still very much for the underlying precept of the CFPB: "Consumer financial fairness."<br /><br />Not enamoured of all the "legislated solutions", but convinced there was "a problem" which needs to be corrected...<br /><br />Two points of note:<br /><br />1) CFPB didn't create "the problem"<br /><br />2) WE didn't have the...(h-m-m-m lots of choices in nouns here!)... "gumption" to fix it ourselves....Jim Blainehttps://www.blogger.com/profile/15231738536629398905noreply@blogger.comtag:blogger.com,1999:blog-2330294340043347758.post-75117235468273980492013-12-17T07:59:50.168-05:002013-12-17T07:59:50.168-05:00My first mortgage made by an S+L had a Debt to Inc...My first mortgage made by an S+L had a Debt to Income Ratios in excess of 43%. I was very thankful the S+L took a chance on me. 95% LTV. The S+L took a chance on me. Wife and I were just out of college and had limited work histories and the S+L took a chance on me. <br /><br />I thought I saw a post where Jim thought the CFPB was a good idea?Anonymousnoreply@blogger.com