[lbo-talk] Dodd bill

[John Thornton]

Shane Mage wrote:
>
> 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

Yes, I'm sure an "invest banker" is really a 21st-century monster (maybe 
from another planet) rather than a human being like my local banker.
This is a cute and quaint idea but it's sentimental claptrap.
You're a fan of David Korten aren't you?

John Thornton