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Originally posted by Char-Lee
We are not just talking my neighborhood. Sounds like you are a bank loan officer.
Where are you hiding that you see none of it.
Originally posted by ecoparity
I'm really shocked at some people's lack of empathy for the millions of Americans facing this same situation.
The banks jacked up the interest rate and payment amounts on all the ARM's they insisted on writing due to the bank crisis that was caused by the poor financial practices in finance.
Then, the taxpayers give the financial companies billions of dollars to keep them from going under.
Meanwhile, they continue to foreclose on millions of Americans.
Am I the only one who sees the irony/ hypocrisy of this???
Back in the depression the banks didn't have platoons of riot cops / swat teams ready to help put families out on the street. Local Sheriffs refused to serve notices as it was extremely common for anyone approaching a family home with papers from a bank to be met by gunfire.
Things got so bad and the public so pissed off that the Government had to bring in the "New Deal" to create jobs, a safety blanket of social welfare, etc to prevent a revolution.
Big money / big govt sure learned their lessons from that time and even though things are 100 times worse now they actually get normal people standing up to defend their agenda. Amazing....
Originally posted by tallcool1
Originally posted by ecoparity
I'm really shocked at some people's lack of empathy for the millions of Americans facing this same situation.
The banks jacked up the interest rate and payment amounts on all the ARM's they insisted on writing due to the bank crisis that was caused by the poor financial practices in finance.
Then, the taxpayers give the financial companies billions of dollars to keep them from going under.
Meanwhile, they continue to foreclose on millions of Americans.
Am I the only one who sees the irony/ hypocrisy of this???
Back in the depression the banks didn't have platoons of riot cops / swat teams ready to help put families out on the street. Local Sheriffs refused to serve notices as it was extremely common for anyone approaching a family home with papers from a bank to be met by gunfire.
Things got so bad and the public so pissed off that the Government had to bring in the "New Deal" to create jobs, a safety blanket of social welfare, etc to prevent a revolution.
Big money / big govt sure learned their lessons from that time and even though things are 100 times worse now they actually get normal people standing up to defend their agenda. Amazing....
First off I think you would be hard pressed to find anyone here who supported the bank bailouts. If I had any say in the matter I would have let the banks fail, not give them a taxpayer handout. I would also make ARM loans illegal, but again us citizens had no say. And no one here is "standing up to defend their agenda" - we're stating that people should have some personal responsibility and not sign loans for things that they can't afford.
There is no irony or hypocrisy in taking back something that is not being paid for. If I sold you my car and agreed to let you make payments, should I just let you keep it because you don't want to pay any more? Even if you lost your job or something, how is it fair that you just get to keep something you haven't paid for? Why is it up to everyone else to let you have stuff without paying for it? Whether the contract was fair or not - you signed it! If the mortgage is unfair, dont sign it! Find another lender.
Normal people standing up to defend irresponsibility and taking whatever you want and not paying. Amazing...edit on 30-10-2012 by tallcool1 because: spelling
Originally posted by adjensen
Originally posted by Char-Lee
We are not just talking my neighborhood. Sounds like you are a bank loan officer.
Where are you hiding that you see none of it.
lol, no, I'm an engineer and live in the middle of nowhere in Minnesota. There were two foreclosed homes in my neighbourhood in the past year, and both were maintained (and recently sold) by the lien holders.
What you've posted there is essentially what I said -- the banks have no motivation to sell a house in a down market, so they're just going to sit empty until the market comes back. Maybe in some instances the property is so devalued that there is no sense in maintaining it, in which case, like I said, file a complaint and get it condemned.
Either way, they have almost certainly taken the steps required to maintain the property in a salable condition.
Originally posted by khimbar
So, some people of the hipster generation on sofas got raided?
Who are they? Why should I care again?
Originally posted by Char-Lee
Originally posted by adjensen
Originally posted by Char-Lee
We are not just talking my neighborhood. Sounds like you are a bank loan officer.
Where are you hiding that you see none of it.
lol, no, I'm an engineer and live in the middle of nowhere in Minnesota. There were two foreclosed homes in my neighbourhood in the past year, and both were maintained (and recently sold) by the lien holders.
What you've posted there is essentially what I said -- the banks have no motivation to sell a house in a down market, so they're just going to sit empty until the market comes back. Maybe in some instances the property is so devalued that there is no sense in maintaining it, in which case, like I said, file a complaint and get it condemned.
You also said:
Either way, they have almost certainly taken the steps required to maintain the property in a salable condition.
Originally posted by ubeenhad
Cause getting proper news out to the public, no matter how small a control group, is journalism.
Originally posted by hellobruce
Originally posted by ubeenhad
Cause getting proper news out to the public, no matter how small a control group, is journalism.
It was not "proper news", just your biased opinion