From: His Highness the TibetanMonkey, ComandanteBanana and Chief of Quixotic Enterprises on
I attended today one of those NACA seminars, where the people are
trying to stay afloat among the loan sharks... Hey, that's a perfect
metaphor for the jungle, and why we are where we are. GREED brought us
here, right? Anyways I stood up and handed out some of my fliers
(WELCOME TO THE JUNGLE) and people recognized such a problem we got
today.

Don't you think we should stay away from lending all together and be
happy with what we got, ie. saving money to buy a car or RIDE A BIKE
around and save that much money for a house? How about having a
smaller house? We must think SMALL IS BETTER before that happens.

Maybe I'll be teaching one of those seminars pretty soon: HOW TO BE
HAPPY WITH PEANUTS LIKE A MONKEY!

NOTE: Notice there are other types of sharks out there like the
Insurance Companies, Big Oil & the Medical Industry.


--------------------------------------------------------------------------

THE WISE TIBETAN MONKEY SAYS

"The monkeys practice that practical philosophy of 'You scratch my
back, I scratch yours!'"

http://webspawner.com/users/BANANAREVOLUTION
From: FatterDumber& Happier Moe on
His Highness the TibetanMonkey, ComandanteBanana and Chief of Quixotic
Enterprises wrote:
> I attended today one of those NACA seminars, where the people are
> trying to stay afloat among the loan sharks... Hey, that's a perfect
> metaphor for the jungle, and why we are where we are. GREED brought us
> here, right? Anyways I stood up and handed out some of my fliers
> (WELCOME TO THE JUNGLE) and people recognized such a problem we got
> today.
>
> Don't you think we should stay away from lending all together and be
> happy with what we got, ie. saving money to buy a car or RIDE A BIKE
> around and save that much money for a house? How about having a
> smaller house? We must think SMALL IS BETTER before that happens.
>
> Maybe I'll be teaching one of those seminars pretty soon: HOW TO BE
> HAPPY WITH PEANUTS LIKE A MONKEY!
>
> NOTE: Notice there are other types of sharks out there like the
> Insurance Companies, Big Oil & the Medical Industry.
>
>
> --------------------------------------------------------------------------
>
> THE WISE TIBETAN MONKEY SAYS
>
> "The monkeys practice that practical philosophy of 'You scratch my
> back, I scratch yours!'"
>
> http://webspawner.com/users/BANANAREVOLUTION

Dream on, human nature being what it is, and marketing being what it
is, the I want it and I want it now bunch will keep these places in
business forever in one form or another.
From: His Highness the TibetanMonkey, ComandanteBanana and Chief of Quixotic Enterprises on
On May 15, 7:18 pm, FatterDumber& Happier Moe
<"WheresMyCheck"@UncleSamLoves.Mee> wrote:
> His Highness the TibetanMonkey, ComandanteBanana and Chief of Quixotic
>
>
>
> Enterprises wrote:
> > I attended today one of those NACA seminars, where the people are
> > trying to stay afloat among the loan sharks... Hey, that's a perfect
> > metaphor for the jungle, and why we are where we are. GREED brought us
> > here, right? Anyways I stood up and handed out some of my fliers
> > (WELCOME TO THE JUNGLE) and people recognized such a problem we got
> > today.
>
> > Don't you think we should stay away from lending all together and be
> > happy with what we got, ie. saving money to buy a car or RIDE A BIKE
> > around and save that much money for a house? How about having a
> > smaller house? We must think SMALL IS BETTER before that happens.
>
> > Maybe I'll be teaching one of those seminars pretty soon: HOW TO BE
> > HAPPY WITH PEANUTS LIKE A MONKEY!
>
> > NOTE: Notice there are other types of sharks out there like the
> > Insurance Companies, Big Oil & the Medical Industry.
>
> > --------------------------------------------------------------------------
>
> > THE WISE TIBETAN MONKEY SAYS
>
> > "The monkeys practice that practical philosophy of 'You scratch my
> > back, I scratch yours!'"
>
> >http://webspawner.com/users/BANANAREVOLUTION
>
>   Dream on, human nature being what it is, and marketing being what it
> is, the I want it and I want it now bunch will keep these places in
> business forever in one form or another.

True, but the harder it is the better. Maybe instead of a $50K SUV,
they buy a little car or better a scooter or bicycle.
From: FatterDumber& Happier Moe on
His Highness the TibetanMonkey, ComandanteBanana and Chief of Quixotic
Enterprises wrote:
> On May 15, 7:18 pm, FatterDumber& Happier Moe
> <"WheresMyCheck"@UncleSamLoves.Mee> wrote:
>> His Highness the TibetanMonkey, ComandanteBanana and Chief of Quixotic
>>
>>
>>
>> Enterprises wrote:
>>> I attended today one of those NACA seminars, where the people are
>>> trying to stay afloat among the loan sharks... Hey, that's a perfect
>>> metaphor for the jungle, and why we are where we are. GREED brought us
>>> here, right? Anyways I stood up and handed out some of my fliers
>>> (WELCOME TO THE JUNGLE) and people recognized such a problem we got
>>> today.
>>> Don't you think we should stay away from lending all together and be
>>> happy with what we got, ie. saving money to buy a car or RIDE A BIKE
>>> around and save that much money for a house? How about having a
>>> smaller house? We must think SMALL IS BETTER before that happens.
>>> Maybe I'll be teaching one of those seminars pretty soon: HOW TO BE
>>> HAPPY WITH PEANUTS LIKE A MONKEY!
>>> NOTE: Notice there are other types of sharks out there like the
>>> Insurance Companies, Big Oil & the Medical Industry.
>>> --------------------------------------------------------------------------
>>> THE WISE TIBETAN MONKEY SAYS
>>> "The monkeys practice that practical philosophy of 'You scratch my
>>> back, I scratch yours!'"
>>> http://webspawner.com/users/BANANAREVOLUTION
>> Dream on, human nature being what it is, and marketing being what it
>> is, the I want it and I want it now bunch will keep these places in
>> business forever in one form or another.
>
> True, but the harder it is the better. Maybe instead of a $50K SUV,
> they buy a little car or better a scooter or bicycle.

Maybe, but not before pigs can fly.
From: Jeff Strickland on

"FatterDumber& Happier Moe" <"WheresMyCheck"@UncleSamLoves.Mee> wrote in
message news:4bef2bb9$0$12445$bbae4d71(a)news.suddenlink.net...
> His Highness the TibetanMonkey, ComandanteBanana and Chief of Quixotic
> Enterprises wrote:
>> I attended today one of those NACA seminars, where the people are
>> trying to stay afloat among the loan sharks... Hey, that's a perfect
>> metaphor for the jungle, and why we are where we are. GREED brought us
>> here, right? Anyways I stood up and handed out some of my fliers
>> (WELCOME TO THE JUNGLE) and people recognized such a problem we got
>> today.
>>
>> Don't you think we should stay away from lending all together and be
>> happy with what we got, ie. saving money to buy a car or RIDE A BIKE
>> around and save that much money for a house? How about having a
>> smaller house? We must think SMALL IS BETTER before that happens.
>>
>> Maybe I'll be teaching one of those seminars pretty soon: HOW TO BE
>> HAPPY WITH PEANUTS LIKE A MONKEY!
>>
>> NOTE: Notice there are other types of sharks out there like the
>> Insurance Companies, Big Oil & the Medical Industry.
>>
>>
>> --------------------------------------------------------------------------
>>
>> THE WISE TIBETAN MONKEY SAYS
>>
>> "The monkeys practice that practical philosophy of 'You scratch my
>> back, I scratch yours!'"
>>
>> http://webspawner.com/users/BANANAREVOLUTION
>
> Dream on, human nature being what it is, and marketing being what it is,
> the I want it and I want it now bunch will keep these places in business
> forever in one form or another.


The whole notion of predatory lending completely ignores the part about
stupid borrowing. Predatory Borrowing, perhaps.

Borrowers borrow because they can. If the first lender says, no, they dial
the phone again and ask another and another until they find one that will
lend to them. It isn't always the lender's fault, sometimes the borrower is
to blame. Lenders will structure the loan to fit the borrower's ability to
pay on the day the borrower asks for the loan. Being optomists, nobody
considers that the borrower's situation -- the Scenario, in lending lingo --
might change. If a borrower makes X-dollars per month, then the payment
options _might_ be dictated by the other debt and the ration of debt to
income. Everybody likes to assume that tomorrow, or next year, the scenario
on the borrower's side will be improved.

But, only the borrower knows that he's on shakey ground, or is as steady as
a granite boulder. The lender -- the loan officer that the borrower talks
to -- has lots of loan programs to offer, but the borrower is driving the
bus on which ones are available to him.

Is there predatory lending going on? Sure. But there's more predatory
borrowing. And the borrowers can always, that's A-L-W-A-Y-S, walk away from
a loan process. The lenders decline, the borrowers refuse.

I'm inclined to place far more blame for the mess we're in on predatory
borrowing.