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#271
02-23-2007, 11:29 AM
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Re: Statism, AC, and Corporatism- The End Result is the Same
[ QUOTE ]
[ QUOTE ] This is surreal lol. AGAIN, the bank has no incentive to do this because of what someone above eloquently called the free rider problem. Seriously, I have made this point over and over now and you are basically just ignoring it. Please either address my point or move on. [/ QUOTE ] What? The bank doesn't have any incentive to make sure you can pay back your loan? If the mortgaged property gets blown away by *whatever*, whether it's a tornado or a terrorist, the bank still needs assurance that their investment will not be lost. [/ QUOTE ] See every post I've made in this thread for an explanation. 
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#272
02-23-2007, 11:45 AM
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Re: Statism, AC, and Corporatism- The End Result is the Same
[ QUOTE ]
[ QUOTE ] [ QUOTE ] This is surreal lol. AGAIN, the bank has no incentive to do this because of what someone above eloquently called the free rider problem. Seriously, I have made this point over and over now and you are basically just ignoring it. Please either address my point or move on. [/ QUOTE ] What? The bank doesn't have any incentive to make sure you can pay back your loan? If the mortgaged property gets blown away by *whatever*, whether it's a tornado or a terrorist, the bank still needs assurance that their investment will not be lost. [/ QUOTE ] See every post I've made in this thread for an explanation. [/ QUOTE ] I read them, and I saw some handwaving, but no explanation. Banks magically don't care about the safety of their investments because some guy next door doesn't care if his house burns down?
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