BF2S Forums Biggest Defaulters on Mortgages Are the Rich

Turquoise wrote:

JohnG@lt wrote:

Turquoise wrote:

You do realize nearly everything you do in life is now attached to your credit rating.  Anytime you apply for a loan, a lease for an apartment, or even apply for most jobs, your credit score plays a part.

So, unless you plan on living in the woods as a survivalist, not using banking services (or not depending on credit scores) isn't an option.

You still haven't explained how protecting big accounts legitimizes negligence with regard to everyone else.  There's nothing about this protection that justifies screwing people's scores for things that other people with a similar name do.

But that's beside the point really...  You just seem to have this pie-in-the-sky idea that anyone can be a big fish in a big pond with the right amount of effort put forth.

The truth of the matter is that most of us will remain the little guy.  Even if every single one of us tried our hardest, that would remain true, because of relative wealth.  Even if we all rose in wealth, it would take more wealth than before to stand out apart from the crowd.

So, if you want to defend screwing the little guy, be my guest, but in all honesty, you're just screwing yourself along with almost everyone else.

The little guy is insured by FDIC.

For now, yes...  Although, like Freddie Mac and Fannie Mae, I'm not sure how much longer it will be around...  All of these institutions are hanging by a thread.