These other 'ethnic' people who owe this *unpayable and unfair debt, which they've already paid back several times over with intrest, are not stupid and cannot simply manage their debt. They have been taken advantage of, with financeers that have not acted in good faith.
By your defination of a 'liberal', then Alexander Hamilton too, is a Liberal. What happens to Brazil and other '3rd world countries' is usury. They are taken advantage of by predatory lenders who then uses the debt to extract less than minimum wage jobs from the population, and cheap access to their resources.
Furthermore, don't tell me that mortgage brokers, lenders, and loan officers don't love to charge as many points as legally possible. The only the vast majority of mortgage brokers in the USA charge as much as they possibly can. If they charge lower it's either to beat out someone else, or it's because of special circumstance (such as friends, family, 'favor', etc). If the Predatory Lending laws didn't stop you guys from charging a maximum of 6%, there would be nothing stopping the mortgage industry from charging that client as much as they possibly can. This isn't a huge deal in mortgage banking. Seeing how you have tons of companies to choose from, there is high competition. In something like Energy or Health Care however, there is even more regulation needed. People do not die if they can't buy or refinance a house. People DID die in the Cali Energy Hoax ran by Enron which raised electricity prices over 500 times (from 33 mwatt/hr to 4900 mwatt/hr) and old people who couldn't afford AC in the desert, died. It was horrible. Ken Lay doesn't care how many people die as long as he gets max profit, the IMF over the past 25 years has acted the same way. It has became a tool to loot nations, not to help them develop or offer them loans in good faith.
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