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Charles Clark

Member since: Oct 21st, 2006

Charles Clark's Latest Comments

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Recent Comments:

Wright Reactions (Politics Daily)

Apr 29th 2008 1:08PM We have no problem with Rev. Wright or most of his comments, some of which we disagree with strongly. Rev. Wright, like all Americans, has a right to his opinions and a right to speak his views. We learned long ago that the right to freedom of speech is worthless unless it protects the speech you hate. But we are outraged that Rev. Wright is misrepresenting himself and allowing others to misrepresent him as a spokesperson for blacks, which he is not, or as a spokesperson for the black church or for that matter any church, which he is not. Rev. Wright speaks only for Rev. Wright and nothing more.

Woman Faces $10 Million Fine for eBaying Without License in PA (Switched)

Jan 31st 2008 2:56PM We agree with the State of Pennsylvania, want the maximum fine with 10 years imprisonment imposed to make an example of this woman. We also believe all sellers on Ebay should be required to get a license and post at least a 25,000 cash bond before being allowed to sell anything on Ebay. Ebay has for many years now been a haven for criminals and all sorts of unethical sellers selling everything from stolen property to counterfeit goods (98.2% of all Ebay transactions the past 5 years have been in these 2 categories). Hats off to Pennaylvania for taking action to resolve these problems

FICO takes some heat for the subprime mess (BloggingStocks)

Sep 4th 2007 5:23AM FICO scores should at most be just one small factor in the decision to make or not make a loan. All FICO scores indicate is a person's past conduct on past loans. A person who has made timely payments on their past loans is more likely than a person who has not to make timely payments in the future. But FICO scores have never been understood as a guarantee, and could never serve as a guarantee, of future repayment. There are simply too many unknowns that can never be factored into a FICO score. How can a FICO score, for example, know that a borrower today is going to die in a car wreck in 3 years and default all loans due to death and lack of life insurance? Sub prime lenders are in trouble for many reasons, none of which involve FICO scores. They stopped requiring down payments, ignored debt to income ratios (perhaps the most important factor for future repayment, but still not a guarantee as jobs can be lost etc), made loans without verifying income or even employment and operated on a false assumption in many markets that home prices and values would continue to rise in the short term as opposed to the long term. These lenders got carried away by their own greed, and should now suffer the consequences of their greed. At the end of the day all loans involve risk, regardless of FICO scores, debt to income ratios or anything else. This is why God invented interest. Lenders suffering high defaults need only look in a mirror to see who is at fault.

Nobody Wants to Spend Time with Paula Abdul (AOL TV)

Oct 21st 2006 10:08PM I like Paula and I know she has had some rough times. I do have $26,000 I could easily spare and I was aware of the auction as one of my business partners is an Ebay member. But I did not bid as I thought the "auction" was sort of a "prostitution" without sex and in very poor taste. Plus I do not like LA and have no need for any shopping sprees. And since I own my own jet I really am not fond of stepping down to so called "first class tickets" on a "bus" (commercial instead of private jet). So I did not bid. I am shocked that the folks at Fox would be so silly and act in such poor taste.