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Seemed like a topic worth discussing due to the subject matter and the potential pitfalls of government action a long these lines.
Partisans to your corners.....touch gloves....Let's get it on
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As much as this seems to make sense, the devil is always in the details, we will see how it trickles down.....
I agree Darryl. While I have a hard time using funds to forgive a bad decision made by anyone, I certainly recognize that there was abuse in the system done by the companies offering MTGs just as much as there were bad decisions.
However, seeing how many other programs have worked, I am afraid this isn't going to be anything more than a massively poor precedent being set.
That being said, I will wait with baited breath to see the outcomes.
Seemed like a topic worth discussing due to the subject matter and the potential pitfalls of government action a long these lines.
Partisans to your corners.....touch gloves....Let's get it on
thankfully, no one who can't afford to buy a home is able to buy one today. That in itself is a great start. Moving forward, no one who is not qualified to buy a home, will not own a home...again, very good!
If strict lending rules create a society of home-owners and those who can't get a home, that's ok. As a matter of fact, that's the way our country is SUPPOSED to be. It's like cell phones...you should get one if you can pay for it.
I certainly do not want my tax dollars used to bail out people who don't qualify to own a home. But if our banks are footing the bill, then it doesn't affect me, so I don't care.
I am extremely happy that Europe is showing the rest of the world that extreme socialism doesn't work...
__________________ "No one walking this earth knows what is truly righteous"
Last edited by PatriotsReign; 02-09-2012 at 01:42 PM..
You lost your home, our economy is screwed. Toxic mortgages were sliced and sold....yeah-yeah-yeah we know...WE DID IT. WE failed, and we thank you for bailing us out so we could pay the executives their bonuses earned while shoving a hoit poker in all of your rear-ends.
We have corrected our ways. Sure we forged a bunch of documents claiming a paper trail, sure we knew what this would do to everyone not afiliated woith the top part of the pyramid of toxic sell offs, Sure non e of us are going to jail.
We kinda blame you, the sucker, for taking the bait....its really YOUR fault.
So..in exchange for no further FUTURE lawsuits we offer each of you:
$2,000.00
sorry for sinking the nation into a depress---COUGH-COUGH----REcession... but we feel that 2k should settle everything on your average 180k mortgage that we knowingly sold you and chopped up and sold off....
When a "poor person" is offered The American Dream handed to them on a Silver Platter they would be complete insane fools not to accept it.
Barney Frank
Chris Dodd
and their little gang
you might wanna google this:
"the ownership society"
...if you own something, you have a vital stake in the future of our country. The more ownership there is in America, the more vitality there is in America, and the more people have a vital stake in the future of this country. - President George W. Bush, June 17, 2004
We're creating... an ownership society in this country, where more Americans than ever will be able to open up their door where they live and say, welcome to my house, welcome to my piece of property. - President George W. Bush, October 2004.
About one in five homeowners is underwater on their mortgage by an average of $50,000, amounting to something like $700 billion in negative equity. It's expected to help about a million underwater homeowners with either principle reduction or refinancing. Another 750,000 who lost their homes to foreclosure fraud will receive direct payments of $2,000.
It trickled down to RI to the tune of $173 million dollars, so now we can wait with baited breath as some pols/hacks figure how to misuse it, some will be stolen, some will fund some unnecessary project and of course some will be unaccounted for three or four years from now.
__________________ "Being the best doesn't mean you always win. It just means you win more than anyone else".. tweet from Kurt Warner to Tom Brady.
It trickled down to RI to the tune of $173 million dollars, so now we can wait with baited breath as some pols/hacks figure how to misuse it, some will be stolen, some will fund some unnecessary project and of course some will be unaccounted for three or four years from now.
Not sure if you've seen the Showtime series called "House of Lies" with Don Cheadle...
This deal sounds a lot like the 1st episode.
they are a consulting firm and in one episode deliver a presentation to a mortgage bank about rebranding.
Fed Makes Mortgage Settlement
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