Article

2008-12-01 -Lurid Crime Tales-

Saudi dad 'mortgaged' son to repay debts

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Posted by Fred 2008-12-01 00:00|| || Front Page|| [4 views ] Top

#1 Is this part of the Islamic Banking System?

Posted by gorb 2008-12-01 03:19|| 2008-12-01 03:19|| Front Page Top

#2 I wouldn't be too complacent here in the west.

Government bonds are "mortgages" on your children.

Posted by Bright Pebbles 2008-12-01 03:55|| 2008-12-01 03:55|| Front Page Top

#3 There was no information about whether the father or his friend would be charged with a crime.

Nah, it's okay. It's in the Koran. See. Right here...

Posted by tu3031 2008-12-01 11:31|| 2008-12-01 11:31|| Front Page Top

#4 Government bonds are "mortgages" on your children.

Wage slave is not the same as possible sex toy, Bright Pebbles. Anyway, our parents mortgaged us for their comfortable retirement, which we're not even going to get out of the current deal. There is a big difference between a bad idea, even a destructive one, and deliberate evil.

Posted by trailing wife ">trailing wife 2008-12-01 13:45|| 2008-12-01 13:45|| Front Page Top

#5 Bright Pebbles says: "Government bonds are "mortgages" on your children."

No need to get your panties in a wad.

The US govt debt as a % of GDP -- which indicates our ability to repay it -- has been pretty stable since the 1970s.

http://en.wikipedia.org/wiki/United_States_public_debt

It is not much different now than at any point in my life.

And US debt/GDP isn't much different than that of most of the G-7. In fact, it is much lower than Italy and Canada. Look here.

http://research.stlouisfed.org/publications/IETsupplement/iet2gov.pdf

Lots of people like to get hysterical over US debt and borrowing but it just ain't very dangerous or unusual at this point.

Posted by Some guy">Some guy 2008-12-01 22:55|| 2008-12-01 22:55|| Front Page Top

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