rushmc 23 #1 March 26, 2010 http://www.washingtonpost.com/wp-dyn/content/article/2010/03/25/AR2010032502426.html QuoteBanks and other lenders would have to reduce the payments to no more than 31 percent of a borrower's income, which would typically be the amount of unemployment insurance, for three to six months. In some cases, administration officials said, a lender could allow a borrower to skip payments altogether. How much should be redestributed?"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
kallend 2,184 #2 March 26, 2010 Quotehttp://www.washingtonpost.com/wp-dyn/content/article/2010/03/25/AR2010032502426.html QuoteBanks and other lenders would have to reduce the payments to no more than 31 percent of a borrower's income, which would typically be the amount of unemployment insurance, for three to six months. In some cases, administration officials said, a lender could allow a borrower to skip payments altogether. How much should be redestributed? Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. The banks stand to lose a bunch on each foreclosed home anyway so in the long run it may even be to their benefit.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
lawrocket 3 #3 March 26, 2010 Right, John. There was no greed demonstrated by borrowers, either. The ones who used their home equity as an ATM. My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
kelpdiver 2 #4 March 26, 2010 Quote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. Quote Share this post Link to post Share on other sites
rushmc 23 #5 March 26, 2010 Quote Quote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. and of course the "enforced" gov programs has nothing to do with anything"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
kallend 2,184 #6 March 26, 2010 Quote Quote Quote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. and of course the "enforced" gov programs has nothing to do with anything Lame point disproven repeatedly.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
rushmc 23 #7 March 26, 2010 Quote Quote Quote Quote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. and of course the "enforced" gov programs has nothing to do with anything Lame point disproven repeatedly. Bullshit Not disproven Ignored by you because your precious gov is involved Your opinions are one of the the reason we have the mess we have"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
kallend 2,184 #8 March 26, 2010 Quote Quote Quote Quote Quote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. and of course the "enforced" gov programs has nothing to do with anything Lame point disproven repeatedly. Bullshit Not disproven Ignored by you because your precious gov is involved Your opinions are one of the the reason we have the mess we have Tell us which government program(s) forced banks to make sub-prime loans, created mortgage backed securities, created credit default swaps, forced Wall St. whiz-kids to trade in derivatives they didn't understand, and forced ratings agencies to give AAA ratings to junk.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
rushmc 23 #9 March 26, 2010 Quote Quote Quote Quote Quote Quote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. and of course the "enforced" gov programs has nothing to do with anything Lame point disproven repeatedly. Bullshit Not disproven Ignored by you because your precious gov is involved Your opinions are one of the the reason we have the mess we have Tell us which government program(s) forced banks to make sub-prime loans, created mortgage backed securities, created credit default swaps, forced Wall St. whiz-kids to trade in derivatives they didn't understand, and forced ratings agencies to give AAA ratings to junk. Already have You didnt care to hear about it be damned if time is to be wasted on you yet again"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
kallend 2,184 #10 March 26, 2010 Quote Quote Quote Quote Quote Quote Quote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. and of course the "enforced" gov programs has nothing to do with anything Lame point disproven repeatedly. Bullshit Not disproven Ignored by you because your precious gov is involved Your opinions are one of the the reason we have the mess we have Tell us which government program(s) forced banks to make sub-prime loans, created mortgage backed securities, created credit default swaps, forced Wall St. whiz-kids to trade in derivatives they didn't understand, and forced ratings agencies to give AAA ratings to junk. Already have You didnt care to hear about it be damned if time is to be wasted on you yet again Interpretation - Marc can't find anything to support his false assertion.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
rushmc 23 #11 March 26, 2010 Quote Quote Quote Quote Quote Quote Quote Quote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. and of course the "enforced" gov programs has nothing to do with anything Lame point disproven repeatedly. Bullshit Not disproven Ignored by you because your precious gov is involved Your opinions are one of the the reason we have the mess we have Tell us which government program(s) forced banks to make sub-prime loans, created mortgage backed securities, created credit default swaps, forced Wall St. whiz-kids to trade in derivatives they didn't understand, and forced ratings agencies to give AAA ratings to junk. Already have You didnt care to hear about it be damned if time is to be wasted on you yet again Interpretation - Marc can't find anything to support his false assertion. Are we straight or knotted now? You twist so damned much it is hard to keep up"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
jdfreefly 1 #12 March 26, 2010 You forgot about those of us who bought responsibly during the bubble and our now are handling our financial responsibilities just fine. We are also losers here; some would argue we are the biggest losers since we did nothing to cause it but we are the ones paying for it. As far as governments forcing shady loans to happen, they didn't. They did however make it very enticing for banks to do it. When you dangle the carrot, you can't be surprised when the mule decides to chase it. Methane Freefly - got stink? Quote Share this post Link to post Share on other sites
kallend 2,184 #13 March 26, 2010 Quote Quote Quote Quote Quote Quote Quote Quote Quote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. and of course the "enforced" gov programs has nothing to do with anything Lame point disproven repeatedly. Bullshit Not disproven Ignored by you because your precious gov is involved Your opinions are one of the the reason we have the mess we have Tell us which government program(s) forced banks to make sub-prime loans, created mortgage backed securities, created credit default swaps, forced Wall St. whiz-kids to trade in derivatives they didn't understand, and forced ratings agencies to give AAA ratings to junk. Already have You didnt care to hear about it be damned if time is to be wasted on you yet again Interpretation - Marc can't find anything to support his false assertion. Are we straight or knotted now? You twist so damned much it is hard to keep up Interpretation - Marc resorts to 3rd grade debate tactics since he has nothing else.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
rushmc 23 #14 March 26, 2010 Quote Quote Quote Quote Quote Quote Quote Quote Quote Quote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. and of course the "enforced" gov programs has nothing to do with anything Lame point disproven repeatedly. Bullshit Not disproven Ignored by you because your precious gov is involved Your opinions are one of the the reason we have the mess we have Tell us which government program(s) forced banks to make sub-prime loans, created mortgage backed securities, created credit default swaps, forced Wall St. whiz-kids to trade in derivatives they didn't understand, and forced ratings agencies to give AAA ratings to junk. Already have You didnt care to hear about it be damned if time is to be wasted on you yet again Interpretation - Marc can't find anything to support his false assertion. Are we straight or knotted now? You twist so damned much it is hard to keep up Interpretation - Marc resorts to 3rd grade debate tactics since he has nothing else. Always after the messanger mr twister"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
kallend 2,184 #15 March 26, 2010 Quote Tell us which government program(s) forced banks to make sub-prime loans, created mortgage backed securities, created credit default swaps, forced Wall St. whiz-kids to trade in derivatives they didn't understand, and forced ratings agencies to give AAA ratings to junk. Already have You didnt care to hear about it be damned if time is to be wasted on you yet again Interpretation - Marc can't find anything to support his false assertion. Are we straight or knotted now? You twist so damned much it is hard to keep up Interpretation - Marc resorts to 3rd grade debate tactics since he has nothing else.Always after the messanger mr twisterAnd now Marc resorts to name-calling. A clear admission that he has nothing substantive.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
kallend 2,184 #16 March 26, 2010 QuoteYou forgot about those of us who bought responsibly during the bubble and our now are handling our financial responsibilities just fine. We are also losers here; some would argue we are the biggest losers since we did nothing to cause it but we are the ones paying for it. As far as governments forcing shady loans to happen, they didn't. They did however make it very enticing for banks to do it. When you dangle the carrot, you can't be surprised when the mule decides to chase it. Bankers and Wall St. professionals are paid big bucks because they are supposed to be more intelligent than mules.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
rushmc 23 #17 March 26, 2010 QuoteQuoteYou forgot about those of us who bought responsibly during the bubble and our now are handling our financial responsibilities just fine. We are also losers here; some would argue we are the biggest losers since we did nothing to cause it but we are the ones paying for it. As far as governments forcing shady loans to happen, they didn't. They did however make it very enticing for banks to do it. When you dangle the carrot, you can't be surprised when the mule decides to chase it. Bankers and Wall St. professionals are paid big bucks because they are supposed to be more intelligent than mules. Perfect example of your lack of the reasons this happened"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
kallend 2,184 #18 March 28, 2010 QuoteQuote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. We will ALL pay in one way or another if there's another wave of foreclosures and we get a "double dip". Just like we all paid for the first dip.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
airdvr 210 #19 March 28, 2010 QuoteQuoteQuote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. We will ALL pay in one way or another if there's another wave of foreclosures and we get a "double dip". Just like we all paid for the first dip. That's the problem I'm having with this. We've come to accept that we all pay for things and it's not true, or it at least never used to be that way. In a free market economy there are winners and losers. The idea is to operate so you win more times than lose. It's capitalism and it's becoming a dirty word.Please don't dent the planet. Destinations by Roxanne Quote Share this post Link to post Share on other sites
kallend 2,184 #20 March 28, 2010 QuoteQuoteQuoteQuote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. We will ALL pay in one way or another if there's another wave of foreclosures and we get a "double dip". Just like we all paid for the first dip. That's the problem I'm having with this. We've come to accept that we all pay for things and it's not true, or it at least never used to be that way. In a free market economy there are winners and losers. The idea is to operate so you win more times than lose. It's capitalism and it's becoming a dirty word. Speaking only for myself; my mortgage is paid off and I have no investments in AIG, Lehman Bros or other Wall St. Banks. For reasons totally unconnected with any actions or lack of actions on my part, my net wealth has decreased substantially since 2007 (although it has gone back up quite a bit since early 2009 - coincidence? I think not). And we see many of the truly responsible assholes architects of the recession still collecting mega bonuses.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
rushmc 23 #21 March 28, 2010 QuoteQuoteQuoteQuoteQuote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. We will ALL pay in one way or another if there's another wave of foreclosures and we get a "double dip". Just like we all paid for the first dip. That's the problem I'm having with this. We've come to accept that we all pay for things and it's not true, or it at least never used to be that way. In a free market economy there are winners and losers. The idea is to operate so you win more times than lose. It's capitalism and it's becoming a dirty word. Speaking only for myself; my mortgage is paid off and I have no investments in AIG, Lehman Bros or other Wall St. Banks. For reasons totally unconnected with any actions or lack of actions on my part, my net wealth has decreased substantially since 2007 (although it has gone back up quite a bit since early 2009 - coincidence? I think not). And we see many of the truly responsible assholes architects of the recession still collecting mega bonuses. Like the CEO's of Fannie and Freddie along with congressman who supported them But you are consistent with your big business blame and being unwilling to put the blame where at least part of it belongs That mentality will insure it happens again An no, I am not giving the business execs a pass. A pass you give to government"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
kallend 2,184 #22 March 28, 2010 QuoteQuoteQuoteQuoteQuoteQuote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. We will ALL pay in one way or another if there's another wave of foreclosures and we get a "double dip". Just like we all paid for the first dip. That's the problem I'm having with this. We've come to accept that we all pay for things and it's not true, or it at least never used to be that way. In a free market economy there are winners and losers. The idea is to operate so you win more times than lose. It's capitalism and it's becoming a dirty word. Speaking only for myself; my mortgage is paid off and I have no investments in AIG, Lehman Bros or other Wall St. Banks. For reasons totally unconnected with any actions or lack of actions on my part, my net wealth has decreased substantially since 2007 (although it has gone back up quite a bit since early 2009 - coincidence? I think not). And we see many of the truly responsible assholes architects of the recession still collecting mega bonuses. Like the CEO's of Fannie and Freddie along with congressman who supported them But you are consistent with your big business blame and being unwilling to put the blame where at least part of it belongs That mentality will insure it happens again An no, I am not giving the business execs a pass. A pass you give to government Fannie and Freddie ARE big businesses (not part of the govt. since 1968) and I'm not giving them a pass. What planet are you living on?... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
rushmc 23 #23 March 28, 2010 QuoteQuoteQuoteQuoteQuoteQuoteQuote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. We will ALL pay in one way or another if there's another wave of foreclosures and we get a "double dip". Just like we all paid for the first dip. That's the problem I'm having with this. We've come to accept that we all pay for things and it's not true, or it at least never used to be that way. In a free market economy there are winners and losers. The idea is to operate so you win more times than lose. It's capitalism and it's becoming a dirty word. Speaking only for myself; my mortgage is paid off and I have no investments in AIG, Lehman Bros or other Wall St. Banks. For reasons totally unconnected with any actions or lack of actions on my part, my net wealth has decreased substantially since 2007 (although it has gone back up quite a bit since early 2009 - coincidence? I think not). And we see many of the truly responsible assholes architects of the recession still collecting mega bonuses. Like the CEO's of Fannie and Freddie along with congressman who supported them But you are consistent with your big business blame and being unwilling to put the blame where at least part of it belongs That mentality will insure it happens again An no, I am not giving the business execs a pass. A pass you give to government Fannie and Freddie ARE big businesses and I'm not giving them a pass. What planet are you living on? The planet that they are big gov programs that are the biggest piece of the puzzle that started all of this That planet And what planet is yours?"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
kallend 2,184 #24 March 28, 2010 Quote Quote Quote Quote Quote Quote Quote Quote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. We will ALL pay in one way or another if there's another wave of foreclosures and we get a "double dip". Just like we all paid for the first dip. That's the problem I'm having with this. We've come to accept that we all pay for things and it's not true, or it at least never used to be that way. In a free market economy there are winners and losers. The idea is to operate so you win more times than lose. It's capitalism and it's becoming a dirty word. Speaking only for myself; my mortgage is paid off and I have no investments in AIG, Lehman Bros or other Wall St. Banks. For reasons totally unconnected with any actions or lack of actions on my part, my net wealth has decreased substantially since 2007 (although it has gone back up quite a bit since early 2009 - coincidence? I think not). And we see many of the truly responsible assholes architects of the recession still collecting mega bonuses. Like the CEO's of Fannie and Freddie along with congressman who supported them But you are consistent with your big business blame and being unwilling to put the blame where at least part of it belongs That mentality will insure it happens again An no, I am not giving the business execs a pass. A pass you give to government Fannie and Freddie ARE big businesses and I'm not giving them a pass. What planet are you living on? The planet that they are big gov programs that are the biggest piece of the puzzle that started all of this That planet And what planet is yours? Fannie was made an independent stockholder owned corp. in 1968. ... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
rushmc 23 #25 March 28, 2010 Quote Quote Quote Quote Quote Quote Quote Quote Quote Seems only fair that the greedy and incompetent bankers who created this crisis should shoulder some of the burden, especially since taxpayers have bailed THEM out. Would be new home owners, as well as owners who expend their savings to stay current, are the losers in this, paying for those that choose not to pay. We will ALL pay in one way or another if there's another wave of foreclosures and we get a "double dip". Just like we all paid for the first dip. That's the problem I'm having with this. We've come to accept that we all pay for things and it's not true, or it at least never used to be that way. In a free market economy there are winners and losers. The idea is to operate so you win more times than lose. It's capitalism and it's becoming a dirty word. Speaking only for myself; my mortgage is paid off and I have no investments in AIG, Lehman Bros or other Wall St. Banks. For reasons totally unconnected with any actions or lack of actions on my part, my net wealth has decreased substantially since 2007 (although it has gone back up quite a bit since early 2009 - coincidence? I think not). And we see many of the truly responsible assholes architects of the recession still collecting mega bonuses. Like the CEO's of Fannie and Freddie along with congressman who supported them But you are consistent with your big business blame and being unwilling to put the blame where at least part of it belongs That mentality will insure it happens again An no, I am not giving the business execs a pass. A pass you give to government Fannie and Freddie ARE big businesses and I'm not giving them a pass. What planet are you living on? The planet that they are big gov programs that are the biggest piece of the puzzle that started all of this That planet And what planet is yours? Fannie was made an independent stockholder owned corp. in 1968. Ya And who covers them? and who enforces the policy that gave them so much power in the industry Who is covering the bad loans that were caused BECAUSE of gov mandates? and then the like of Dodd cover their ass when Bush was trying to show they had a big big problem?"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
