Forum Post: Zero Interest Rate Loans for the Bottom Half
Posted 12 years ago on Dec. 26, 2011, 5:34 p.m. EST by since1982
(25)
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For each approved for-profit loan there must be an interest free equivalent loan amount approved for someone earning below the states median income level.
I want one of the kinds that when I gamble and piss all the money away having a big party with lots of reckless short sighted activity, I get bailed out so I can write myself a bonus check too boot.
Why do so many solutions proposed by Occupy involve getting stuff for free from rich people or from the government?
No.
We're not spreading the borrowing costs of all over 50% of the population. Try again, shortbus.
W H Y ??
Do you think anyone would even notice with interest rates at an all time low. Go get a house for 3.5%.
If it is such a great idea, I am sure that no one in their right mind would pass up a loan at 3.5%. We basically have your very plan in operation today - how successful do you see it.
I just paid 6.5% for an investment loan and I thought that was great - You can have any 35 or interest free equivalent loan that you can work out. PS - it will come with a five (5) year call, if you know what that means.
Or do you think that the interest free loan should be 30 years at 0%.
The news is this - even General Motors will give you an interest free loan to buy one of their cars. You will just pay full price for the car and then 0% will not look as great as you might think.