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Forum Post: Zero Interest Rate Loans for the Bottom Half

Posted 2 years ago on Dec. 26, 2011, 5:34 p.m. EST by since1982 (25)
This content is user submitted and not an official statement

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.

5 Comments

5 Comments


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[-] 3 points by FrogWithWings (1367) 2 years ago

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.

[-] 1 points by TechJunkie (3029) from Miami Beach, FL 2 years ago

Why do so many solutions proposed by Occupy involve getting stuff for free from rich people or from the government?

[-] 0 points by mee44 (71) 2 years ago

No.

We're not spreading the borrowing costs of all over 50% of the population. Try again, shortbus.

[-] 0 points by ronjj (-241) 2 years ago

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.