[lbo-talk] Dodd bill

[John Thornton]

Shane Mage wrote:
>
> On Sep 25, 2008, at 11:28 AM, Doug Henwood wrote:
>
>>
>> On Sep 25, 2008, at 11:23 AM, Shane Mage wrote:
>>
>>> Well, abhorrence of landlords may sometimes be an "irrational" 
>>> motivation but its never an unsympathetic one.
>>
>> So why substitute the payment of tribute to mortgage bankers?
>
>
> That's not how it was or how people ever saw it--until the present 
> millennium.
>
> Shane Mage 

You must be very young or have a poor memory.
To say "that's not how it was.... until the present millennium" is to 
completely misunderstand the history of homeownership in the US.
People have considered their mortgages this way for some time.
People used to have parties to celebrate the end of their mortgage 
payments and burn their mortgage paperwork.
The only difference is that the landlord can come over and tell you to 
clean some shit and forbid you to put in a new door between rooms and 
the bankers don't do that.

John Thornton