Mr. 405:
Look--- I can't make it any simpler than this:
If the bank advertises a loan that is SUPPOSED TO BE 8% interest, then that equates to $8,000 on a $100,000 loan.
It is no more complicated than that.
All this business of "compounded interest" that your bank lays on your mortgage, why don't you tell me why they DO NOT do the same for the money you have in your savings account?!?
That would be the fair thing to do, wouldn't it?
The very fact that you defend the indefensible bankers who have been screwing people since the Federal Reserve Act was put into place in 1913 shows that you do not know the first thing about what you are talking about, and yet you persist.
The proof that you aren't even paying attention to what I am saying is in the fact that you have somehow taken my past experience as an INVESTMENT BANKER who worked in the securities industry, to mean that I somehow worked for the Federal Reserve Banking system.
Well, for your enlightenment---
The Securities and Exchange Commission and the Federal Reserve are two mutually exclusive entities, and have nothing at all to do with one another. The fact that you seemed to have missed this important point does not surprise me, it just saddens me.
And no, I didn't have to live with my in-laws to have enough money to buy my house, I did that on my own, thank you very much.
As for your comment that I seem to think lowly of others--- I will say this:
I believe that one's own education is a personal responsibility, not the responsibility of mommy or daddy, or the school, or the state, or even the USA Fed Gov. If a person doesn't have enough intellectual curiousity, then that is their choice. It is all a matter of free will. But, to blame others for their own intellectual shortfall is outrageous to say the least.
But, remember, you are the one who started making dumbass comments saying that I do not understand something that I went to college for, and has contributed to my being able to bypass something that is so detrimental to millions of other people.
By your attempt at such commentary, you were insulting, belittling, and you tried to blame it all on me in the end. If you do not understand something, go buy a book on the subject and read it. If you can't afford to buy the book, go to the library, and borrow one for a couple of weeks.
You refusing to educate yourself on the very real difference between 8% and 200% is not of my doing, and is not my fault, and I am not to blame for your lack of understanding of these matters.
The more intelligent thing would be for you to try to learn something from someone who knows more about it (especially if you are paying that monthly mortgage bill at the present time), rather than trying to make pretty lame attempts to make me out to be some kind of a goofball, when I understand these matters enough to have avoided them for myself and my wife.
For instance, I would be able to explain to you how to pay off the mortgage faster, and keep from pouring so much unnecessary money down the drain. But, instead of extracting a little wisdom from the situation, you think it is a better course of action to start an argument, and make it personal at that.
Your having an attitude like that does not foster sympathy for your cause, nor does it encourage others to want to help you, even if it is in some small way. So, instead of getting an education out of this discussion, all you are going to get is an argument, and in the end, I will do nothing to further your ultimate understanding of such matters.
I understand these matters perfectly well. That is why instead of sending that $800 a month to my "friendly neighborhood bank," I am putting it towards fattening up my net worth.
But, that's okay, if I were paying $300,000 for a $100,000 house, I would be pretty pissed about it, so your reaction is not at all surprising.
Just disapointing, that is all.
So, enjoying OVER-PAYING for that house of yours, and enjoy every one of those last 360 payments, as well. While you work your ass off to meet those committments, for every dollar you give to your bank, is a dollar I can place in my savings.
So, next time, refrain from making foolish commentary, and you just might learn something that you could actually benefit from.
Peace and Prayers,
Kent Daniel Bentkowski
Buffalo, New York USA
Re: Math collision on the 405, film at eleven
KentDB741
location: Buffalo, New York USA
listening to: The sweet music of YES
registered: 2001.11.12
posts: 1355
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Mr. 405:
Look--- I can't make it any simpler than this:
If the bank advertises a loan that is SUPPOSED TO BE 8% interest, then that equates to $8,000 on a $100,000 loan.
It is no more complicated than that.
All this business of "compounded interest" that your bank lays on your mortgage, why don't you tell me why they DO NOT do the same for the money you have in your savings account?!?
That would be the fair thing to do, wouldn't it?
The very fact that you defend the indefensible bankers who have been screwing people since the Federal Reserve Act was put into place in 1913 shows that you do not know the first thing about what you are talking about, and yet you persist.
The proof that you aren't even paying attention to what I am saying is in the fact that you have somehow taken my past experience as an INVESTMENT BANKER who worked in the securities industry, to mean that I somehow worked for the Federal Reserve Banking system.
Well, for your enlightenment---
The Securities and Exchange Commission and the Federal Reserve are two mutually exclusive entities, and have nothing at all to do with one another. The fact that you seemed to have missed this important point does not surprise me, it just saddens me.
And no, I didn't have to live with my in-laws to have enough money to buy my house, I did that on my own, thank you very much.
As for your comment that I seem to think lowly of others--- I will say this:
I believe that one's own education is a personal responsibility, not the responsibility of mommy or daddy, or the school, or the state, or even the USA Fed Gov. If a person doesn't have enough intellectual curiousity, then that is their choice. It is all a matter of free will. But, to blame others for their own intellectual shortfall is outrageous to say the least.
But, remember, you are the one who started making dumbass comments saying that I do not understand something that I went to college for, and has contributed to my being able to bypass something that is so detrimental to millions of other people.
By your attempt at such commentary, you were insulting, belittling, and you tried to blame it all on me in the end. If you do not understand something, go buy a book on the subject and read it. If you can't afford to buy the book, go to the library, and borrow one for a couple of weeks.
You refusing to educate yourself on the very real difference between 8% and 200% is not of my doing, and is not my fault, and I am not to blame for your lack of understanding of these matters.
The more intelligent thing would be for you to try to learn something from someone who knows more about it (especially if you are paying that monthly mortgage bill at the present time), rather than trying to make pretty lame attempts to make me out to be some kind of a goofball, when I understand these matters enough to have avoided them for myself and my wife.
For instance, I would be able to explain to you how to pay off the mortgage faster, and keep from pouring so much unnecessary money down the drain. But, instead of extracting a little wisdom from the situation, you think it is a better course of action to start an argument, and make it personal at that.
Your having an attitude like that does not foster sympathy for your cause, nor does it encourage others to want to help you, even if it is in some small way. So, instead of getting an education out of this discussion, all you are going to get is an argument, and in the end, I will do nothing to further your ultimate understanding of such matters.
I understand these matters perfectly well. That is why instead of sending that $800 a month to my "friendly neighborhood bank," I am putting it towards fattening up my net worth.
But, that's okay, if I were paying $300,000 for a $100,000 house, I would be pretty pissed about it, so your reaction is not at all surprising.
Just disapointing, that is all.
So, enjoying OVER-PAYING for that house of yours, and enjoy every one of those last 360 payments, as well. While you work your ass off to meet those committments, for every dollar you give to your bank, is a dollar I can place in my savings.
So, next time, refrain from making foolish commentary, and you just might learn something that you could actually benefit from.
Peace and Prayers,
Kent Daniel Bentkowski
Buffalo, New York USA
Look--- I can't make it any simpler than this:
If the bank advertises a loan that is SUPPOSED TO BE 8% interest, then that equates to $8,000 on a $100,000 loan.
It is no more complicated than that.
All this business of "compounded interest" that your bank lays on your mortgage, why don't you tell me why they DO NOT do the same for the money you have in your savings account?!?
That would be the fair thing to do, wouldn't it?
The very fact that you defend the indefensible bankers who have been screwing people since the Federal Reserve Act was put into place in 1913 shows that you do not know the first thing about what you are talking about, and yet you persist.
The proof that you aren't even paying attention to what I am saying is in the fact that you have somehow taken my past experience as an INVESTMENT BANKER who worked in the securities industry, to mean that I somehow worked for the Federal Reserve Banking system.
Well, for your enlightenment---
The Securities and Exchange Commission and the Federal Reserve are two mutually exclusive entities, and have nothing at all to do with one another. The fact that you seemed to have missed this important point does not surprise me, it just saddens me.
And no, I didn't have to live with my in-laws to have enough money to buy my house, I did that on my own, thank you very much.
As for your comment that I seem to think lowly of others--- I will say this:
I believe that one's own education is a personal responsibility, not the responsibility of mommy or daddy, or the school, or the state, or even the USA Fed Gov. If a person doesn't have enough intellectual curiousity, then that is their choice. It is all a matter of free will. But, to blame others for their own intellectual shortfall is outrageous to say the least.
But, remember, you are the one who started making dumbass comments saying that I do not understand something that I went to college for, and has contributed to my being able to bypass something that is so detrimental to millions of other people.
By your attempt at such commentary, you were insulting, belittling, and you tried to blame it all on me in the end. If you do not understand something, go buy a book on the subject and read it. If you can't afford to buy the book, go to the library, and borrow one for a couple of weeks.
You refusing to educate yourself on the very real difference between 8% and 200% is not of my doing, and is not my fault, and I am not to blame for your lack of understanding of these matters.
The more intelligent thing would be for you to try to learn something from someone who knows more about it (especially if you are paying that monthly mortgage bill at the present time), rather than trying to make pretty lame attempts to make me out to be some kind of a goofball, when I understand these matters enough to have avoided them for myself and my wife.
For instance, I would be able to explain to you how to pay off the mortgage faster, and keep from pouring so much unnecessary money down the drain. But, instead of extracting a little wisdom from the situation, you think it is a better course of action to start an argument, and make it personal at that.
Your having an attitude like that does not foster sympathy for your cause, nor does it encourage others to want to help you, even if it is in some small way. So, instead of getting an education out of this discussion, all you are going to get is an argument, and in the end, I will do nothing to further your ultimate understanding of such matters.
I understand these matters perfectly well. That is why instead of sending that $800 a month to my "friendly neighborhood bank," I am putting it towards fattening up my net worth.
But, that's okay, if I were paying $300,000 for a $100,000 house, I would be pretty pissed about it, so your reaction is not at all surprising.
Just disapointing, that is all.
So, enjoying OVER-PAYING for that house of yours, and enjoy every one of those last 360 payments, as well. While you work your ass off to meet those committments, for every dollar you give to your bank, is a dollar I can place in my savings.
So, next time, refrain from making foolish commentary, and you just might learn something that you could actually benefit from.
Peace and Prayers,
Kent Daniel Bentkowski
Buffalo, New York USA
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They STILL Live - John Carpenter Responds! – KentDB741 on July 22nd, 2002-
John Carpenter Responds? – Reg on July 23rd, 2002-
Re: John Carpenter Responds? – KentDB741 on July 23rd, 2002
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My Pagan Dreams – Reg on July 24th, 2002
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I don't understand the subject of my college degree? – KentDB741 on July 25th, 2002
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No. – Gregory on July 25th, 2002
Re: My Pagan Dreams – KentDB741 on July 25th, 2002
Re: My Pagan Dreams – KentDB741 on July 25th, 2002
Re: John Carpenter Responds? – BlockDog on July 23rd, 2002
Re: John Carpenter Responds? – krm on July 23rd, 2002
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