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Mr. (ex)President, my offer is this: nothing. Not even the price of the property taxes, which I would appreciate if you would put up personally.
Dont ever tell anyone outside the family what you're thinking again
principal reduction. lol. like the scene where DeNiro as young Vito has the old lady’s landlord negotiating against himself for rent reduction.
Against him. The recent abuse of reflexive pronouns has gotten way out of hand. I can't read this garbage. LOOK PEOPLE, IF YOU DON"T KNOW HOW TO USE YOURSELF, HIMSELF, MYSELF, ETC, DONT! Sorry for the rant.
Go fuck yourself
Since politicians are getting principle reductions, why shouldn't the average Joe? Oh that's right, we can't drop legislation that would make foreclosure harder in return.
please remove the sand from your vagina.
now go fuck urself.
i think you are mistaken pan. the landlord is negotiating against himself (i.e. the landlord) not vito. vito offered extra money but asked that the landlord let the lady's dog stay. although he, the landlord, initially refused, when he found out who vito was, he negotiated against himself, changing the offer vito made to one even more advantageous for vito's "principal", the lady (i.e. to a reduced rent and letting the dog stay).
Funny, I actually wrote to Dick Obama the very same plan but said interest rates had to be Raised. No reply from Dick
you make an interesting comparison. others seem to have noticed as well: http://www.theatlantic.com/politics/archive/2011/06/obama-has-finally-be...
Slick willie, your my brotha and I love ya, but don't ever, ever go against the family again.. The part of my brother played by J.P. Morgan, GS etc..
What are you gonna do? Nice college boy, didn't want to get mixed up in the family business. Now you want to gun down a police captain. Why? Because he slapped you in the face a little? What do you think this like the Army where you can shoot 'em from a mile away? No you gotta get up like this and, badda-bing, you blow their brains all over your nice Ivy League suit.
It's not personal, Sonny, it's strictly business...
Give that man a cigar.
Cigar and Clinton? Hmmmm..........
That goes more to his policy on illegal immigration. After all, if he didn't favor it, why would he go to those lengths to hide a cuban inside a cow?
Clinton is the personification of the failure of Obama.
Let us not forget that the foundation for the demise of the USA was laid during Clinton's rule.
Both oligarch and tyrant mistrust the people, and therefore deprive them of their arms. Aristotle
Among other evils which being unarmed brings you, it causes you to be despised.
Gun control means being able to hit your target.
RF (and many others)
imo the origin of the demise of the usa predates clinton. and, again imo, it seems unlikely it has much to do with a lack of weapons at whatever level. the usa has the best armed military and citizenry in the world. and, apparently, almost an eagerness to use their guns.
debt and mendacity seem a lot closer to the problem.
Where'd he go to school again?
Some place where you could major in being a cunt, that's for sure.
Oh yeah, he did meet Hillary in school.
Sad to say, but I would rather have Hillary running the free world right now that idiot. Fuck me are we fucked.
You neeed tooo stay out of those [Particle accelerators> POOF!!!
It's about time the people get taken care of. Christ, if the morons are going to pass our money around, we might as well get some of it.
But the moral hazzard!
We? What's this freakin "we" bit? This is only going to help a small subset of people, while screwing over the vast majority of homeowners. You know, the ones who lived responsibly?
Oh, I forget. If you've lived within your means, and have savings, that's supposed to be given to those who partied and gambled.
Look at it this way. The whole facking system is facked. You can't turn this ship. Think flying a jet into a mountain and you and I are on board.
With that being said, we can now fight over the last cocktail. I want a facking drink. The bank scum has been sucking off the damn thing now for year. I want to belly up while I can.
It's the system. We just opporate in it.
If it matters, I would not benefit from it, but I would much rather see "people" get something then wall st.
I love how we have turned into a country of, "I can justify any wrong by pointing to a bigger wrong". I'm really tired of that shit. It is like little kids saying, "but Bobby got a cookie".
And "two wrongs don't make a right" is kids' logic. Right and wrong were lost long ago.
when a bankruptcy court writes off debt, is that a wrong? i don't view it that way. i view it as a necessary part of any free market capitalist system.
yes, the homeowner who purchased an irrationally priced asset made a bad decision. well, so did the investor who purchased mortgages in a big package writted by a fraudulent entity without proper underwriting. from my view, expecting the homeowner to take a bath while the investor remains whole (earning all stated interest with the taxpayer on the hook for deficiency through GSEs) is unconsionable.
in my opinion, mortgage invesors should volunteer to mark down ALL mortgages to ALL homeowners to 1% APR for the amount of years that corresponds to 5% reductions in home value from time of purchase. should these mortgage investors not participate, they forgo their "implicit" government mortgage guarantee & face summary action by homeowners voiding any purchase contract with MERS involved.
My mortgage is paid, I no longer have a loan on my property. Should the bank then give me cash?
i hear ya, sarge!
yes, there is one drink left. you and that fabulous wench blythe the bankster drank everything! then, she took the only parachute and jumped.
but i have the gun! hahaha! so finish the drink. then i want you to take the gun and shoot me. i can't take it anymore! i can't wait for this damned plane to crash any longer. i've had enough shitty stories and bad actors. this is completely ridiculous!
I did everything right, purchased a house I could afford, with 25% down, and i'm now $60k underwater. Why am I not deserving of a break while others are?
Why do the banks deserve a "break" with your money? The systems broke. Savors have been punished for almost a century now. Enough with the "doing the right thing." In hell, doing the right thing get's you no where
The banks need to do the right thing and write down the mortgages because they were the ones who inflated them with shoddy and rigged appraisals in the first place. They over-value the homes when times are good, and are now under-appraising them to keep people in their current mortgages.
In a fair world, the banks would have gone through bankruptcy, with bad loans separated from good. Instead, the too big to fails got even bigger, and continue ripping off people like you and I who are now stuck in homes even when we did every responsible thing before the whole system collapsed.
If you and I were on a plane heading into a mountain, I would suggest we hit something else other than the booze :)
I could boil the water in your helmet.
Hi Xeno, time for enlightenment. What you don't realize (yet) is that the banks technically don't have any money. They have your money and they have my money. When they pay fines or go bankrupt, we lose. That's why they get to do what they want until they REALLY fuck up and get taken over by the FDIC, right after they are looted.
Here's some enlightenment: If no one has any money, and it's all just a fucking shell game, then why not clear the board for everyone? This extend and pretend as all the banks are insolvent isn't helping anyone except for the banking executives.
Seriously? You and I don't have access to the printing press. This game has always been about power and control. There are two sides, the owners and everyone else. Most people don't know that they are part of the game, for example, the upper lower class vs. the welfare recipiants... The game has been the same forever. If writing down our mortgages makes you belive in the system, then they've won, but they will never relinquish their financial control (peacefully.) By the way, this isn't class warfare, (unless class warefare is the game being played) it is about crowd control.
"This game has always been about power and control. There are two sides, the owners and everyone else.Most people don't know that they are part of the game, for example, the upper lower class vs. the welfare recipiants..."
Bad example...we will have to get over this notion that because one chooses to be a welfare recipient, the welfare recipient becomes entitled to someone else's labor simply with the passage of time.
Charity cannot be forced. It can only be given freely or withheld on a voluntary basis by the one being asked. Cohersion or threat do not play a part in charity or it is extortion/theft.
"The game has been the same forever. If writing down our mortgages makes you belive in the system, then they've won, but they will never relinquish their financial control (peacefully.) By the way, this isn't class warfare, (unless class warefare is the game being played) it is about crowd control."
This is, in fact, class warfare. The elites against everyone else.
The elite class of politician attempted a model of finance in which the less successful among us could feel better about the circumstances they find themselves in. In doing this, they (the politician) teamed up with other elites (bankers) to become the "white knights" for those people...or Stockholm Syndrome, however one wishes to describe it.
However they, the elites, never take personal responsibility for their own actions. They always make only one group responsible for their actions.
The taxpayer...the common man...the prudent citizen.
This group is in the process of discovering the moral hazard that was very much discussed and commented on three years ago.
That event was when one class of elites decided to absolve the other class of elites of any obligation the former class of elites had placed upon them by, again, this notion of forced charity.
We are discovering these elites were not the white knights as presented at all but black knights and the destroyers of all that is good.
Now comes the age old tactic of elite guilt transference as a rear guard action. This time the common man sees it.
This time it will not work.
I'm truly sorry to hear that you are underwater. But I have also done everything right. I'm not underwater. So, allow me to (respectfully) ask you the same thing? Why am I not deserving of a break while others are?
This is a slippery slope, and punishes those who have been saving and not gambling. I really should've gone all out, is the message that this sends.
The problem is that people like you and I were victims of fraud. The greatest fraud in human history. The only real answer is to bust up the banks, let the insolvent ones fail, and face the consequences like citizens of this great nation. I'll gladly keep paying the mortgage on my underwater house if the loan is being held by a reputable bank.
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