"Since this is an era when many people are concerned about "fairness" and "social justice," what is your "fair share" of what someone else has worked for?"
"Government pressures on mortgage lenders to accept less than the full amount they are owed may win votes for politicians, since there are far more borrowers than lenders. But how much future lending can be expected when the lenders know that politicians are ready to intervene at any time to prevent them from getting their money back?"
~ both from Thomas Sowell
Thank goodness that I won't have to borrow any more money; if I can't come up with the cash, I just dont buy it.
ReplyDeleteBut I am concerned for those who are just starting out and will be in the market for a mortgage or car loans...