ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Tools of rules

Updated on October 6, 2008
 

Tools of Rules

With emphasis on character, thrust, duty, stewardship, and answerability.

Mr. Scorpion came upon an unexpected river in his roamings and was desirous of relocating to the opposite shore. He noticed Mr. Frog sitting nearby on a lily pad and inquired about the possibility of transport across from the amphibian. Mr. Frog was straight away suspicious about Mr. Scorpion's reputation for delivering unexpected deadly stings to adversaries such as himself and queried Mr. Scorpion on the matter. Mr. Scorpion apologized for the misconception concerning his reputation and assured him that there was absolutely no merit to the indictment. Mr. Frog invited Mr. Scorpion onto his back and began ferrying him to the opposite shore. Midpoint in the crossing Mr. Scorpion, for no apparent reason, delivered a deadly sting into Mr. Frog's self. Mr. Frog stopped abruptly, dead in the water, asking Mr. Scorpion why on earth was it that he saw fit to deliver a death sentenced to both. Mr. Scorpion's response was that he was very sorry, but that it was his "character to sting".

My point is that the "tools of rules" may not have been applied to "wishful" home loan applicants by the "Stewards" (loan executives) of America's loan institutions. That oversight, derelict of duty, or whatever the excuse, may have resulted in the disastrous economic debacle that finally surfaced in September of two-thousand and eight for the taxpayers.

Strict rules of lending practices are firmly in place in America's monetary lending institution's guidelines, and are expected by the American people to be strictly adhered to by the lending "Stewards" of taxpayer's funds. I say taxpayer's funds because taxpayer's pockets are the pockets that get emptied to bail out private corporations of huge magnitude in America that collapses financially.

Those guidelines include requirements that credit applicants must possess in order to be eligible to qualify for and receive a home loan. A basic requirement of an applicant to qualify and obtain a "mortgage backed" home loan is that he or she possess a history of good credit standing and can afford the loan that they are applying for. One tool of this rule would be the act of using a credible credit reporting agency to secure a current copy of an applicant's credit dossier that must stand a firm evaluation. And that the lending "Steward" makes damned sure that the applicant does not harbor a "character to sting". That is, a mortgagee that has a character of stinging the mortgagor en lieu of keeping and bringing about his or her promise of a timely delivery of repayment. Clearly the tools (credit dossiers) of rules (lending guidelines) were overlooked or disregarded by the lending "Stewards" and may have been "cause enough" for America's economy going a rye.

Comments

    0 of 8192 characters used
    Post Comment

    • pylos26 profile image
      Author

      pylos26 9 years ago from America

      thanks for the comments shadesbreath...means alot coming from you...that ny times article causes one to gasp...didn't realize the root went that far back...makes one blush when he sees his typos...thanks for the sharp eye...pylos

    • Shadesbreath profile image

      Shadesbreath 9 years ago from California

      Interesting take. I enjoyed it. Reminds me of an article in the New York Times from back in 1999 when this all started to unravel:

      http://query.nytimes.com/gst/fullpage.html?res=9c0...

      Or at least part of it did.

      Anyway, good read.

      (Oh, and you got a couple of types for "reputation" you were banging out "repetition." I do that with "from" and "form" all the time, and a few others. Hard to spot and spell check doesn't catch em.)

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. (Privacy Policy)
    CloudflareThis is used to quickly and efficiently deliver files such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisements has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)