DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Bank of America To Start Mortgage Principal Reduction

**asharbiq** · 05-08-2012, 07:28 PM

I feel like a complete idiot for paying my mortgage on time all these years.

Well...... haha.... it was *YOUR* credit they "loaned" to you when you signed the mortgage.

It's a fucked up system when the instrument that you sign that contains the terms and creates the debt that you are to pay back ALSO creates the "funds" that were loaned to you in the first place by the "creditor" bank.

That's why the tallest buildings in the world are banks.

:<

05-08-2012, 07:28 PM	#5
asharbiq Join Date Oct 2005 Posts 558 Senior Member	I feel like a complete idiot for paying my mortgage on time all these years. Well...... haha.... it was YOUR credit they "loaned" to you when you signed the mortgage. It's a fucked up system when the instrument that you sign that contains the terms and creates the debt that you are to pay back ALSO creates the "funds" that were loaned to you in the first place by the "creditor" bank. That's why the tallest buildings in the world are banks. :<
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