Is A 90 Day "Mortgage Meltdown" Foreclosure Moratorium Imminent As The RoboSigning Scandal Goes Mainstream?

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Tue, 10/05/2010 - 13:25 | 626407 hedgie
hedgie's picture

This is not an awful post, but anyone who wants people to believe that he has an IQ of 150 ought to try a little harder to master the rules of grammar and punctuation.  Lord and Master's writing is also full of infelicities.  Evidently he slept through that required expository writing class.

Tue, 10/05/2010 - 13:30 | 626427 Fish Gone Bad
Fish Gone Bad's picture

My dog once had a bad case of infelicities, so we went and got him some infelicity spray and that fixed him good. </humor>

Tue, 10/05/2010 - 13:40 | 626455 RichardP
RichardP's picture

The point of annonimity at ZeroHedge, as argued in the startup days, is so that arguments would be debated on their merits - not on any star-power (or lack of same) attached to the author of the argument.

I think Lord and Master is having some fun with that concept.  If we can focus on the quality of the argument written by annonymous, can we also focus on the quality of the argument when written by someone with claims to greatness?  It is, after all, the quality of the argument that should carry the day - regardless of the perceived stature (or lack of same) of the author.

Why would anyone believe that someone has an I.Q. of 150 and went to Harvard just because they said so?  I didn't pay any attention to the claims, since I have no way to verify them.  I just went to the meat of his argument to see if he made any sense.  I think mostly he didn't, so he must be smart and talking over my head.

Tue, 10/05/2010 - 14:11 | 626594 kathy.chamberli...'s picture

how do I play into this anonymous thing on ZH, dickyP? maybe I should start lying and stretching the truth I have fun telling any one that might be interested in real life experiences. I got some, I like how they are brought to consciousness.

Tue, 10/05/2010 - 17:18 | 627321 Lord and Master
Lord and Master's picture


Thu, 10/07/2010 - 13:13 | 632717 Buzz Fuzzel
Buzz Fuzzel's picture

This stands as further evidence that a Harvard/Ivy League education education is not so much an education as it is an indoctrination.

Tue, 10/05/2010 - 01:00 | 625168 merehuman
merehuman's picture

same here

Tue, 10/05/2010 - 00:36 | 625135 Glass Steagall
Glass Steagall's picture

Single dad, three kids (6, 7, and 9). They will be okay as long as I'm around, but then what? WTF can they look forward to?

Tue, 10/05/2010 - 18:11 | 627485 Geoff-UK
Geoff-UK's picture

A LOT of camping, farming, hunting, and fishing--in order to eat

Won't be so bad...

Tue, 10/05/2010 - 03:53 | 625273 Pondmaster
Pondmaster's picture

Funny , it started with little snippets of singular judges in Fla. for example , throwing out foreclosure cases , due to no clear title holder . Here and there it happened ( hat tip Market Ticker ). The ball moving slow. Now an explosion !! The bigger the fraud , the larger the damage . And all before elections !! This is super , does America NOW see they have been conned ? And the Feds MBS purchases , Ha ! Worthless paper until proven otherwise . The wise crooks and been crooked ( and of course the taxpayer will pay for that ) Wheres the money coming from to fix all this ? We are tapped , wiped and tired . US soverign default is close . D... greedy fools .     

Tue, 10/05/2010 - 07:38 | 625385 hamurobby
hamurobby's picture

I dont believe for a minute any sheep will think of this negatively. The consensus will be that it is good for home prices (less foreclosures) and the economy (more free spending money instead of paying mortgages), and part of me believes the whole thing was created to do just that.

Tue, 10/05/2010 - 08:45 | 625488 dussasr
dussasr's picture

I disagree - this will be bad for home prices.  This won't prevent foreclosures.  It will merely delay them.  The home owner is still not paying the mortgage and they are so far behind a delay won't help them keep the house.

The empty homes in "foreclosure limbo land" will fall into disrepair, get broken into, filled with mold and generally drag down the whole neighborhood.  Then, when the foreclosure finally goes through the bank owned houses will be coming on the market in bad physical condition and with clouded title.  The net result will be lower prices. 

Tue, 10/05/2010 - 09:09 | 625559 -Michelle-
-Michelle-'s picture

I'm leaning to this one.  We have one stunning example in our neighborhood.  The stucco is literally falling off the front of this superbly-crafted 5 year-old home.

I shudder to think what the inside looks like after a Florida summer with no a/c.

Tue, 10/05/2010 - 09:21 | 625591 MsCreant
MsCreant's picture

Sounds like a good place to do a "House of Horrors" this Halloween. Scare the kids and the adults.

Tue, 10/05/2010 - 13:36 | 626444 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

All you'd have to do is put up a sign that says "You could live HERE" -- that'll scare the @#$% out of them.

Tue, 10/05/2010 - 09:49 | 625669 aerojet
aerojet's picture

The sooner home prices correct to whatever their natural level is, the sooner we can beging to truly recover.

Tue, 10/05/2010 - 10:37 | 625815 hamurobby
hamurobby's picture


The very short term is what I meant.

Longer term, you are absolutely correct.


Tue, 10/05/2010 - 10:01 | 625695 pan-the-ist
pan-the-ist's picture

It's called a tipping point, and when the government can no longer hide the effects of our debt from the collective consciousness there will be another tipping point.

Tue, 10/05/2010 - 00:31 | 625125 Clinteastwood
Clinteastwood's picture

Hey watch out for that genetically modified popcorn!

Tue, 10/05/2010 - 06:59 | 625353 Samsonov
Samsonov's picture

SWR, don't forget to hit the tipjar!

Mon, 10/04/2010 - 22:44 | 624974 Overpowered By Funk
Overpowered By Funk's picture

It's the shit calling the fan black.

Mon, 10/04/2010 - 23:45 | 625052 purple
purple's picture

think cannibalistic piranas...

Tue, 10/05/2010 - 03:30 | 625265 Pondmaster
Pondmaster's picture

Well.. so much for QE II . That money will have to go to the failing invisible un-underwriters . I really love this . It is finally blowing apart . Maybe we will yet see prison time from the top to the bottom of those causing and allowing this mortgage mix , remix, re-re-remix again . Yeild chasing fools. Thanx Benny Boy ! May you be the first imprisoned . Execution by lethal Bubba injection would be better .

Mon, 10/04/2010 - 23:28 | 625033 whatsinaname
whatsinaname's picture

they dont need 90 days just 28 days and the elections will be past. Then everything can fail.

Mon, 10/04/2010 - 21:34 | 624849 digitalhermit
Mon, 10/04/2010 - 21:16 | 624815 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

There is no can.

Mon, 10/04/2010 - 21:46 | 624861 Rusty Shorts
Rusty Shorts's picture

I'm a Brain Scientist, split neurons in my spare time, fucking eh.

Tue, 10/05/2010 - 06:41 | 625344 Oh regional Indian
Oh regional Indian's picture


F*&^ing what eh?

Tue, 10/05/2010 - 08:03 | 625408 Lower Class Elite
Lower Class Elite's picture

Oh yeah?  Well I have a 214.7 IQ and I attended Harvard, Yale, Princeton, Oxford, and ECPI simultaneously, and I can recite "Atlas Shrugged" backwards in Aramaic from memory while solving differential equations and playing Bach's Ciaccona on a violin which, incidentally, I hand carved from a fragment of the original Ark of the Covenant...

Tue, 10/05/2010 - 09:11 | 625564 -Michelle-
-Michelle-'s picture

My top schools where I want to apply to are Oxford and the Sorbonne. But my safety's Harvard.

Tue, 10/05/2010 - 10:24 | 625762 hedgeless_horseman
hedgeless_horseman's picture

I'm the top divorce lawyer for professional athletes, and I have a 7 inch cock.


Tue, 10/05/2010 - 13:12 | 626357 kathy.chamberli...'s picture

did you do lance's? LA

Tue, 10/05/2010 - 10:22 | 625764 Lower Class Elite
Lower Class Elite's picture

Is that you, Max?!

Tue, 10/05/2010 - 11:54 | 626098 Lord and Master
Lord and Master's picture

:D  +7

Tue, 10/05/2010 - 19:07 | 627633 Geoff-UK
Geoff-UK's picture

Don't +7 people who are making fun of you, douchebag.

You went to Gopher Crotch Community College, MS--and you know it.

Mon, 10/04/2010 - 22:02 | 624883 TuesdayBen
TuesdayBen's picture

The 'can' is an IED.

Mon, 10/04/2010 - 22:12 | 624898 Thomas
Thomas's picture

There also is no road to kick it down nor is there a "leg to stand on".

Tue, 10/05/2010 - 00:39 | 625143 Glass Steagall
Glass Steagall's picture

only probable cans

Tue, 10/05/2010 - 01:14 | 625187 Moonrajah
Moonrajah's picture

The can is a known unknown. The leg, on the other hand, is the unknown known. And, lastly, the road is the unknown unknown. Combine them all together and... Ahh, fuck, we're all going down!

Tue, 10/05/2010 - 01:39 | 625215 Problem Is
Problem Is's picture

Are you making fun of the way Krud-low is blabbering away like he just came from his cocaine dealer???

Tue, 10/05/2010 - 07:56 | 625397 Moonrajah
Moonrajah's picture

Actually, that's more of a wink to Dick 'Gung-ho' Cheney. On second thought, you can leave the 'Gung' part out.

And regarding Kudlow. Well, he did go to his dealer, but the dealer said to him "You see the shit I'm in. And I need it like I need an asshole on my elbow. So piss off, I've got bigger fish to fry". Therefore Kudlow is slowly strating to realise that all is not well in the land of the White Lines (c/o WallSt), and it got him worried.


Tue, 10/05/2010 - 08:42 | 625482 jimijon
jimijon's picture

Besides the fact that I have a higher IQ than Mr. Harvard along with going to a competing school...

I think you meant Donald Rumsfeld.



Tue, 10/05/2010 - 08:42 | 625483 jimijon
jimijon's picture

Besides the fact that I have a higher IQ than Mr. Harvard along with going to a competing school...

I think you meant Donald Rumsfeld.



Tue, 10/05/2010 - 08:42 | 625484 jimijon
jimijon's picture

Besides the fact that I have a higher IQ than Mr. Harvard along with going to a competing school...

I think you meant Donald Rumsfeld.



Tue, 10/05/2010 - 13:43 | 626459 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Does the competing school teach patience or how to avoid repeating yourself?  ;)

Yeah, that was Rummy.  I think he was trying to verbalize what he got out of "The Black Swan."  He destroyed the message so thoroughly he seemed to have confused himself.

Wed, 10/06/2010 - 00:40 | 628336 Moonrajah
Moonrajah's picture

My bad! That was Donald. sure.

I think I'll go and pour ash on my head now.

Tue, 10/05/2010 - 07:59 | 625399 OldTrooper
OldTrooper's picture

Just the other day he was blathering on about how everyone can see the recovery is well established and it's just a bunch of doom and gloomers that think otherwise.

Tue, 10/05/2010 - 05:22 | 625301 StychoKiller
StychoKiller's picture

Don't try to kick the can, that's impossible, rather realize that it's you that's being kicked down the road! :>D

Mon, 10/04/2010 - 21:30 | 624841 Janice
Janice's picture

I was commenting about this yesterday.  It not only effects foreclosures, but homes where the assignment was never recorded, such as mine, but the notes are current.  It we pay our house off, who will file the satisfaction? 

Mon, 10/04/2010 - 21:50 | 624866 Kali
Kali's picture

Heeeheeehee.  Haaaahaho!  Why should ANYONE pay their mortgage?  I would be asking this of the bank I pay to. 

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