greedy-bankers

Because of the profitable business model, banks prey upon the financially irresponsible. However, I don’t agree at all that debt ridden people are victims of greedy banks. Banks offer people terrible deals with confusing and picky rules that leave the consumers vulnerable to violating terms which opens them up to fees. However, regardless how bad the deal is, banks don’t force people to accept deals.

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I recently watched the documentary called Maxed Out which is all about the greedy banks. The movie shows Louisiana poor folk going through bankruptcy because they defaulted on loans. In one example, a loan officer had to show a poor and uneducated man how to sign his own name, the movie inferred this man was an innocent debt victim. It’s not the banks responsibility to determine your intelligence when doing business. Their jobs are to provide a legitimate service and make as much money as possible doing so.

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Whether or not you read them, banks terms are provided to you when you sign up. If you can’t read, maybe you shouldn’t be the one applying for a loan, but that burden is on the applicant, not the bank. Aside from nonprofit organizations, no business exist that cater only to the well being of others.

If I chose to open a restaurant, I did so because I enjoy interacting with people and I wish to get paid while doing that. To be clear, I don’t actually have my restaurant because I care about other people, I have it because this kind of business brings me pleasure. Therefore my business model is to earn money and pleasure. I would be no better then the greedy bankers. I tempt customers into my restaurant so I can exercise my business model on them.

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If someone doesn’t like mushrooms on their salad, then the burden is on them to either propose a counter offer to what’s on the menu, or to not order that particular salad. That’ it. If you can’t read the menu, then either find someone who can read it for you or just be ready to be flexible with whatever is the outcome. Unfortunately, most of the time finances aren’t very flexible, so just be informed.

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A few days ago a watched the Enron: The Smartest Guys in the Room. Enron ran a naive and sketchy business, resulting in desperate money-making schemes like flicking power plants on and off. When looking at the big picture, the entire enterprise looks like a legitimate and documented conspiracy. Enron worked congress to get the energy business deregulated, which led to the ability to lie about the company value, which led massive earnings, which brought other banks into their schemes, which resulted in the financial rape of their shareholder, customers, and the general economy.

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As Ashley pointed out to me, a common argument against conspiracy theories is that “too many people would have to know in order to pull it off.” So if we can believe this publicly documented event which involved countless people, then why not believe a faked moon landing, intentional 9/11 strikes, or the NWO?

Forgive the cliché Nazi comparison, but the Nazis too were a large group who ran an unethical operation. We must remember, like the Nazis, Enron was extremely unsuccessful in their big picture goals. These organizations were so large, and their effects were had such an impact, that they did not survive. “All the people who knew” were either out of a job, imprisoned, killed, etc.

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Enron had countless participants, the Nazis too was a large organization, as in these examples the number of participants alone does not mean that they are incapable of doing harm. It is the scale of an organization, along with diminished individual responsibility that paves the way for potential ruin. What the Enron situation does not have in common with other conspiracy theories, is that it’s members all suffered by everything from job loss, prison time, and suicide, which the media has all documented. All those peope did know, and look what happend to them.

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For many conspiracy theorists, traditional conspiracy theories by nature can not be disproved because lack of available evidence can be seen as evidence of a cover-up, so no matter what the findings, theorists claim proof of a conspiracy. I guess one could argue that the Enron situation didn’t measure up to the severity of the moon landings or 9/11, so the same level of cover-up wasn’t required. Or maybe, Enron was prosecuted so that the institution could show the people that they don’t cover-up. This way the people will stop looking for the real conspiracies, tricky, tricky!

Not being able to disprove a conspiracy theory, is not supprting evidence for it’s plausability.

Tax Cut

February 6, 2009

Last was the Henley tax-night.  I didn’t realize that the Tax Cut software is only good for the year in which you purchased it.  At around 10PM I made a Wal-Mart run where I saw the old lady with all the squash like buds all over her body, too bad for her.

When using Tax Cut, the top right of the screen displays what your return (or how much you owe) will be.  This number changes as you enter more information.  I started off owing about $70, then it was $600, then $1400, I was unenthused.  So I kept telling Tax Cut more financial secrets about me, and after a while it must have heard a secret that it really liked, my owing $1400 gradually changed into about $4900 returned.  This is significantly more then we got back last year so I hope that I didn’t inadvertently tell some tall tales.