Posts by Joseph Carter7

2 posts shown.

Banking by Donald Trump & Gotham City in Banking, Insurance & Loans · Jun 20, 2011

Yeah, I watched the video. Everything they laid out makes total sense...

Also, Americans tend to just put up with things and whine for a long time. But once people start drowning in debt en masse—which hasn't happened yet because there are still plenty of other "sheep" out there holding Euro-denominated loans who love to blame us for everything—I honestly worry we'll see a situation like what happened in Germany about 30 years ago. A few big shots in the banking industry will finally have to answer for it.

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Banking by Donald Trump & Gotham City in Banking, Insurance & Loans · Jun 20, 2011

Nicole Gomez38;34379224 said:The issue with your logic is you're treating the symptoms instead of the actual disease. If those currency clauses are what made these loans impossible to pay back in the first place, then the only real fix is to strike them down as unconstitutional and force the banks to refund the overpayments. Anything else is just putting a Band-Aid on a gunshot wound and dragging out the inevitable.

Declaring those clauses unconstitutional is the only way out. It’s the plain truth... I just wonder if the Supreme Court actually has the guts to rule that way.
Legally speaking, those clauses shouldn't even exist under the Constitution. The real question is whether justice will actually win out over political maneuvering.

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