Mortgage Madness - why are these unscrupulous lenders still in business? »
Posted By altnrg 11 months, 4 weeks ago in News
Government help for whom? The banks and mortgage companies who made the poor loans are receiving money for their dishonest transactions while the people who need the help are helpless and homeless.
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BronxBomberComment removed: Retracted by user3 Replies
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reyfrn611 months, 3 weeks ago
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Why our great goverment does not mandate to built houses that will last for ages, like the ones built in another countries, where even great-grand kids live in the same houses that their grand parents lived in, and these houses stand still.
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On the other side our great American dream "Own a house" could be taken away by a little wind, insects, water, etc, etc. And when is time to repair the house, people call it remodeling, what a lie. Is call reconstruction, becouse the house is inhabitable.
Then on top of the whole problem we have dishonest people selling this houses at exorbitant prices.
The worst thing is that our goverment agrees with all this people. -
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sjpugs211 months, 3 weeks ago
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there was joke about BUSH, HE COULD SEE SHOES BEING THROWN AT HIM BUT COULD NOT SEE OUR MONEY GOING DOWN THE TUBES. THE BANKS GET THE BEST OF BOTH WORLDS, THEY GET MONEY FROM US, TAX PAYERS WILL HAVE TO REPAY THE MONEY OUR GOV'T GIVE TO THEM AND THE AUTO MAKERS ALSO, THEN THEY REPOSSE ALL OF IT AND LIVE HAPPY EVERY AFTER. JW
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reidgator11 months, 3 weeks ago
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You are an @$$hole.
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(1) The bailout, though encouraged and supported by Bush, was the result of DEMOCRATS in Congress. They are the ones responsible for OUR money being wasted. Why don't you blame and criticize them?
Also, where is your blame of Senators Dodd and Frank (both Democrats) for personally stopping efforts in 2005 that might have prevented most of this?
(2) Assuming your neighborhood is typical, most of YOUR neighbors (aka, voters) support the bailout idea. (They may object to the details and lack of accountability, but, they want the government to help.) Why don't you criticize your neighbors?
Answer: You lack the intelligence, courage, and character to address your own neighbors and fellow citizens and blame them for this fiasco. They caused it! Not Bush. The series of decisions and actions that led to the mortgage and foreclosure crisis began before Bush took office. Even Obama stated that during his campaign.
You just want to blame Bush for another problem we face rather than accept responsibility.
What next? Our obesity epidemic? Are you going to blame GWB because millions of undisciplined Americans refuse to exercise or push away from the table?
The truth is: Obama won this election because he promised more money to the voters. He bought his election. Whatever we go through over the next four years, we deserve.
Keep the following thoughts in mind:
(a) In a democracy, you get the government you deserve.
(b) In a "free" society, there are risks along with the rewards. You make your decisions, you live with the consequences.
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nestdevil-3911 months, 3 weeks ago
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Why should the government bail out the american people? Ever hear of personal responsibility? I pay my bills and don't really feel like bailing out someone who took on a mortgage they couldn't afford. I also don't want to hear how it was the evil, predatory lenders who are at fault. Before anyone signs on the dotted line it is their responsibility to read and understand everything they are signing. It's not someone taking their family to the movies that caused this. It's the someone that owns two new cars, cell phones for everyone in the house, cable or satellite tv, flat screens, dvd players, name brand clothing, and not caring they don't have the money to pay for it. Obama won because a lot of people are waiting for the handouts they think will be coming their way.
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obiwan211211 months, 3 weeks ago
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Unscrupulous lenders? Why are the corrupt politicians who strongarmed the lenders into giving loans to those who could not repay them still in office? I name specifically Chris Dodd (D - CT), Hillary Clinton (D - NY), and Barack Obama (D - IL) as the top three recipients of campaign cash from Freddy and Fanny. What MORONS keep electing these crooks?
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FrankHummel11 months, 3 weeks ago
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I’ve been hearing endless blather from TV “economic” and “business” commentators “recapping” the “unfolding of the economic meltdown”. And it AMAZES me to hear these wonderfully “knowledgeable”, ostensibly erudite whiz-bangs focus on and ascribe blame to various disjointed “pieces of the elephant”. I wonder how long it is going to take for (and indeed, whether it ever really will come to pass that) these people will get BEYOND mere myopia!
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The REAL problem is NOT the mortgages, or even the mortgage holders. It is MUCH broader than anything nearly so SIMPLISTIC as just THAT! The fact is that this entire society has LONG been COLLECTIVELY FAILING TO INNOVATE so as to generate NEW REAL WEALTH that is actually joined in by and shared with many of those who OCCUPY all those homes that have been built/rebuilt (by the honest, hardworking folks who did all of that INTRINSICALLY WORTHWHILE work!). But there is not enough GENUINELY PRODUCTIVE work for many OTHERS to do, PERIOD --- AND IT SIMPLY IS NOT POSSIBLE TO INDEFINITELY SUBSTITUTE MAKE-BELIEVE FOR REALITY!
“We” DO NOT need an army of folks running around flipping each others' burgers, polishing each others' boots, and computing each others' income taxes! A LIMITED number of not-TOO-overly-high-priced CEOs, Thespians, professional athletes, "financial advisors", and "political pooh-bahs" of differing stripes is UNAVOIDABLE --- but ENOUGH IS ENOUGH ALREADY! And “we” ESPECIALLY do NOT need a huge, VERY expensive army of MERCENARIES wittingly or unwittingly subverting this nation into cultivating an “empire” that would forcibly “expropriate” resources and energies of OTHER people and try to subject other cultures to do “our” bidding!
This ENTIRE NATION needs to get off its collective BUTT and get SERIOUSLY busy doing things that are REALLY useful. We ESPECIALLY need to WEAN "OUR"SELVES OFF OF "OUR" ADDICTIVE DEPENDENCY ON OTHER PEOPLES' OIL!! That means, in particular, COMPLETELY RECONSTITUTING “OUR” ENERGY DIET --- through such initiatives as REBUILDING “OUR” VEHICULAR FLEETS TO RUN ON ELECTRICAL POWER AND/OR NATURAL GAS (which “we” possess in ample supply). QUIT SQUANDERING BAZILIONS “SUBJUGATING” IRAQIS AND OTHERS AND GET TO WORK DOING THINGS THAT WOULD ACTUALLY BE USEFUL! Get GENUINELY busy on all of THAT, and there will be PLENTY of work for EVERYBODY for about the next CENTURY!! -
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kerbdale111 months, 3 weeks ago
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the same morons keep electing the guys passing out the money through political strongarming are complaining. If banks had to make 10% of their loans to people who didn't qualify to help with the "American Dream" and Fanny Freddie bought up that paper, then why did the politicos kill off Fanny Freddie? So they could create a depression for those same idiots to step up the the bar to get more freebies. who got the benefit of cheap money and loosey goosey rules? people who sholdn't have that mortgage in the first place. And why aren't there a massive number of personal bankruptcies with those foreclosures? Since when do you get out of a promise to pay for something if the market value softens? If you buy a new car and drive it off the lot, most times you owe more than it is worth for a few years. Same happened with houses. If you don't pay for the car, they repossess and push you into bankruptcy, but not with the house, so what happens? the same people go out and get another house with the price crammed down and walk away from the promise to pay. this is nuts!
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and obiwan you are correct! why would a government sponsored company donate money too politicians to goose up theri campagin funds? how can this be legal? we subsidise they give away the money to those that vote on their subsidy! I thought money passed to insiders in bankruptcy was subject to recall for at least a year, so why don't we ask those crooks to pay it back? -
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THOMNH6211 months, 3 weeks ago
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we should ask many people, Chris Dodd, Maxine Waters, and yes GWB because the sht in Washington slides up hill and we all know where the buck stops. We should ask all those on the banking committee.
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http://newsbusters.org/blogs/noel-sheppard/2008/10... -
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Global_WarmerComment removed: Abusive
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rivigara11 months, 3 weeks ago
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WHY DONT EVERYBODY WHO WORKS, NOT PAY TAXES AT ALL, NOT PAY ANY OF OUR CREDIT CARDS AT ALL, AND SEND LETTERS TO THE IRS AND ALL THE BANKS SAYING THAT OUR DEBT IS PAID IN FULL AND THAT WE WANT TO SEE FULL ACCOUNTING FOR EVERY SINGLE FREAKING CENT THEY GOT FROM THE TRILLION DOLLAR SCAM-OUT.
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arrowlonghurst11 months, 3 weeks ago
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I think that there might be a bit more to it all, when you think that many of these mortgagees are in outer urban areas, most of which have zero public transport or inner urban facilities (shopping, sport, entertainment) so Everything is petrol based and if you want to think back to other things over the last 12/18 month when oil was one fifty bbl ? definiitely eats into your capacity to pay off a mortgage when you'd been calculated at 25 bbl and just how long can your administration afford to pay 2 point one BILLION per week for a bit of middle eastern sand worth half that? dodgy business, and now the innocents are up to their neck in it. Not to mention the hundreds of thousands of homeless 'vets who wouldnt mind a roof over their heads. The worlds most powerful country cant house itself, or look after its war refuse, and its administration cant do basic arithmetic and, when you think of H.Katrina, they couldnt organise a ****up in a brewery (BTW, Cuba which suffered even worse from Katrina, but only about 2 dozen died, think about it), perhaps there might be side effects in almost every state in the union being dependent, to a greater or lesser degree, upon military expenditure, to make its budget, so all of you, in varying degrees, are part of a war economy, your democracy is dependent upon it, but with all this money sloshing around over the past few years, where is it? perhaps in the largest debt the world has ever seen? its not just the mortgagees that are in a bit of strife, so are your unborn.
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Dont worry chaps, God will provide, after all he is an American.
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