tag:blogger.com,1999:blog-5600626.post5758267534355964517..comments2023-12-05T03:11:30.529-05:00Comments on Beyond Real Time: Reaching 400 - Liars' LoansRemoranhttp://www.blogger.com/profile/17780923661470756513noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5600626.post-64124327457778138182009-04-09T10:35:00.000-04:002009-04-09T10:35:00.000-04:00Thank Ben for the terrific comment. I will read In...Thank Ben for the terrific comment. I will read Infinite Debt to learn more about the disastrous monetary system we are saddled with. <BR/><BR/>Best,<BR/><BR/>BobRemoranhttps://www.blogger.com/profile/17780923661470756513noreply@blogger.comtag:blogger.com,1999:blog-5600626.post-36506023236930246212009-04-07T09:19:00.000-04:002009-04-07T09:19:00.000-04:00Bob:I'm not sure what's crazier--that the banks ma...Bob:<BR/><BR/>I'm not sure what's crazier--that the banks made these loans of that investors bought the bonds backed by them and believed they were AAA.<BR/><BR/>Then again, I've got a liar loan myself. Refinanced when I was starting up my solo practice and didn't have the income to qualify for the mortgage I wanted.<BR/><BR/>Just read Tom Geoghagen's excellent essay "Infinite Debt" in the April Harper's. He puts a lot of the blame on the repeal of usury laws in the 70's and 80's, which both shifted financial and intellectual capital into finance and out of manufacturing and also put many people on a treadmill of debt-based indentured servitude.Ben Robertshttp://www.consciousfinancialdirections.comnoreply@blogger.com