[lbo-talk] Dodd bill

Shane Mage shmage at pipeline.com
Thu Sep 25 09:33:58 PDT 2008


On Sep 25, 2008, at 1:07 PM, John Thornton wrote:


> 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.

The local banker, good or bad, was at least a human being. The "mortgage banker" is a 21st-century monstrosity.

Shane Mage

"Thunderbolt steers all things...it consents and does not consent to be called Zeus."

Herakleitos of Ephesos



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