Thread: Ronald Reagan
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Old Dec 30, 2009 | 02:49 PM
  #38 (permalink)  
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Originally Posted by 95coBraSVT
The difference here is that while banks DO have the ability to set the terms of loan REPAYMENT, they don't have the ability to set terms on how the money is to be USED or how the business is RUN, which takes out the loan. The GOOBERMENT has not only set the terms of repayment, but also how the companies may USE the money, as well as how the companies are to be run.
Err, yes they do.

Go into your bank and ask for an auto loan. then tell them you want to use that auto loan to buy a trampoline. They'll tell you that they don't make trampoline loans, and the auto loan is to be used for a car. Then, they'll further say that while you own the car, you are required by the terms of the loan to keep comprehensive insurance with minimum coverage limits on it. And they may also give a million and 1 other conditions of the loan.
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