I would have shot them

[Soul Crusher]

1.  LMAO at anyone supporting SEIU thugs in this.  And for anyone saying i am wrong on calling these goons part of marxist frint group, check out their leader and most frequent visotr to the WH, Andy Stern.  Just do a little research on this communist pofs.  

2.  The government is more culpable than the bankers in the mortgage mess since the government provided the money to the bankers, encouraged the reckless behavior in the form of repealing glass steagal and expanding credit to uncreditworthy borrowers.  The government also encouraged the reckless behavior by buying up the shit mortgages through fanny and freddy with the implicit guaranty of a bailout. 

3.  Not one of these thugs ever will show up at the house of Geitner, Gorelick, Andy Cuomo, Jesse Jackson, Sharpton, Harold Raines, Jim Johnson, Bill Clinton, Barney Frank, Dodd, or any of the other democrats who bear responsibility in the housing disaster.   

4.  The bankers were bailed out by the govt, not the other way around.  These idiots need to show up in DC if they want a true villian in all of this since the govt is the one who gave away their mpney. 

5.  If these goons show up at someones' private property they should be prepared to be dealt with a trespassers. 

6.  Obama "SEIU's agenda is my agenda"

7.  SEIU is nothing more than the Democrat shock troops. 

     


 

[pro nitrousADRL]

people that support this will not do their own research they are blinded by this guy and have had too much of his koolaid, and will never see him for the america hating scumbum that he is.

[Soul Crusher]

Come on you clowns who spent all weekend attacking me while i was on vacation, its game on. 

Refute my post. 

[Fury]

Come on you clowns who spent all weekend attacking me while i was on vacation, its game on. 

Refute my post. 

They can't. The far-left psychopaths like quadzilla are actually advocating that rights don't matter if you have a problem with someone. 

[quadzilla456]

Corrupt or not, he is afforded his rights. I like how you liberal scum seem to have no qualms with denying people their rights anytime it fits your agenda. Seems to be a recurring theme among the far-left these days. People thinking like that should fuck off to some socialist shithole.

Jeez I have never been called liberal before. How the hell do you figure people that are liberal go and protest in front of a banker's home?! A Liberal would do the opposite. Look I am not against capitalism at all unfortunately the USA does not have capitalism. It is more like corporatism / socialism / fascism. The banker does have his rights but don't be upset because people have been pushed so far that they are now resorting to protests and maybe even violent riots in the future. You should be behind the little guy in the street.

[Soul Crusher]

i'm just saying, get the damn story right for gods' sake.  Its 2010 and people have had 2 years to research this and the best they can do is show up at someones' private home and scare someones' kid and act like that is showing a grasp of what occurred?  

That guy did not steal their money, nor did his wife or kid.  

People need to educate themselves on what occurred.  

The govt and bankers worked in partnership on expanding the real estate credit market to the point of disaster it did.  The govt and bankers each had their own motives to making real estate become the casino it did.  

And lets not freaking forget, many people cashed in and out themselves on this mess.  Flippers, NINJA borrowers, etc.  Where is ever the blame on borrowers who knowingly falsified loan applications.  

And how about this gem BF? Cuomo forced the banks to give out crap loans to people.

I'm not saying the bankers are blameless, they are not, they were partners in crime in this with the do gooders who wanted to give loans to unqualified borrowers.  

[quadzilla456]

The Government is also responsible ofcourse. They are just as useless as the money junky bankers. But who bought the politicians? The bankers! Basically the policians are working for the bankers. They are their bosses. And btw Geithner worked for Goldman Sachs and as far as I am concerned he can be lumped with the bankers. Even though he is now a politician as well.

People should be protesting in front of all their homes. How else do you think they will get the message that they have gone too far??!

I just don't understand how everyone has their panties twisted because people are protesting in front of a fucking scumbag banker's home?!

So how you can lay the blame ONLY on the government and not also the bankers is beyond me! Unless you're also a banker!

Wallstreet has hijacked Washington! How was the Federal Reserve created? Do you seriously think the bankers were unwilling participants in the love affair between Washington and Wall Street?

I would go so far as to say politicians are in a way also "bankers". They are in the money / power business.

[Soul Crusher]

I expect bankers to act like thieves and crooks.  What I dont expect is to have my tax dollars going to bail these gamblers out when they screw up.  So yes, i do blame the bankers, but I blame the govt more. 

What I dont expect is to have the govt encourage this insane behavior via vehicles like Fannie & Freddy backstopping the very worst mortgages and basically condone this craziness. 

Had we not bailed out these disgusting vermin, we would not even be discussing this. 

I guess its sort of like parents giving their alcoholic teens' booze after the kids 5th DWI and then blaming the alcohol company, car company, and the teen for crashing the car. 

[Fury]

Jeez I have never been called liberal before. How the hell do you figure people that are liberal go and protest in front of a banker's home?! A Liberal would do the opposite. Look I am not against capitalism at all unfortunately the USA does not have capitalism. It is more like corporatism / socialism / fascism. The banker does have his rights but don't be upset because people have been pushed so far that they are now resorting to protests and maybe even violent riots in the future. You should be behind the little guy in the street.

The people of this country are as much to blame as the bankers. The bankers broke the damn but it has been a faulty system for a long time. Americans have been living above their means for decades now. Most Americans have never heard of the concept of saving money and then they're dumbfounded when shit hits the fan and they find themselves up the creek without a paddle (e.g. putting down $10k on a $500k house and then defaulting on the mortgage). Now they're looking to make everyone else's money their own. No thanks.

No, the banks shouldn't have been bailed out. I believe in survival of the fittest. The banks that would have failed should have been allowed to do just that. I guarantee this country would be much better off right now.  

[quadzilla456]

The people of this country are as much to blame as the bankers. The bankers broke the damn but it has been a faulty system for a long time. Americans have been living above their means for decades now. Most Americans have never heard of the concept of saving money and then they're dumbfounded when shit hits the fan and they find themselves up the creek without a paddle (e.g. putting down $10k on a $500k house and then defaulting on the mortgage). Now they're looking to make everyone else's money their own. No thanks.

No, the banks shouldn't have been bailed out. I believe in survival of the fittest. The banks that would have failed should have been allowed to do just that. I guarantee this country would be much better off right now.  

I agree people have been living above their means. And it is a throw away society. People don't care to fix things or keep it. They always want new cars. However who enabled the people? The politicians and bankers. Everyone is to blame including the public however some are more guilty then others. There have been people that saved and they are now the losers through declining real estate values and devalueing of the currency. Interest rates are so low that it is pointless to put $100,000 in the bank and keep it there. about 20 years ago in SA you could get about 10% interest on your savings deposit in the bank. Here in USA it is miniscule.

[Skip8282]

The people of this country are as much to blame as the bankers. The bankers broke the damn but it has been a faulty system for a long time. Americans have been living above their means for decades now. Most Americans have never heard of the concept of saving money and then they're dumbfounded when shit hits the fan and they find themselves up the creek without a paddle (e.g. putting down $10k on a $500k house and then defaulting on the mortgage). Now they're looking to make everyone else's money their own. No thanks.

No, the banks shouldn't have been bailed out. I believe in survival of the fittest. The banks that would have failed should have been allowed to do just that. I guarantee this country would be much better off right now. 

Couldn't agree more.  The woman in the video basically suggested that she shouldn't have to pay her bills while her personal life was in shambles.  Who wouldn't want to ignore their bills during tough times.  Plenty of blame for the gov't and banks, but people who live well above their means and then want to cry when the shit hits the fan and play the pity ploy need to own up.

[Skip8282]

However who enabled the people? The politicians and bankers.

That's really a circular argument though.  The people elected the politicians who leaned on the bankers, etc.  IDK, but I can agree with you that people who have done things right and are still hurting have good reason to be upset.  But the ones living above their means, I have little to no sympathy.

[24KT]

That's really a circular argument though.  The people elected the politicians who leaned on the bankers, etc.  IDK, but I can agree with you that people who have done things right and are still hurting have good reason to be upset.  But the ones living above their means, I have little to no sympathy.

Doing things right is debatable. Doing things right means making appropriate decisions, and there is no set hard & fast rule as to what that is. Like the markets, it is fluid and always fluctuating. Anyone who is saving money in a time of inflation is NOT someone doing things right, and is someone who will always come away with the short end of the stick. The time to save is during de-flation. When money loses it's value, you exchange it for goods, ...when money gains in value, you exchange goods for money. Either way it is about choices, and if you make a bad choicesfor the financial environment you encounter or are about to encounter, then you can't beg for sympathy... including those who didn't default on their mortgages but find their property values lowered, and don't have the ability to sell. For them to expect their house to retain it's value no matter the market is just as delusional as those who bought more house than they could pay for. the possibility of not being able to sell a piece of property is something everyone should consider, and to blame someone else because you've got money tied up in something you can't sell is childish. If they want someone to blame, they should look in the mirror.

It's interesting how people judge others tho. if housing prices had continued to escalate and the bubble hadn't burst, those who bought that $500K house for nothing down used it as an ATM, then sold it for $1.5 Mill would have been hailed as shrewd saavy investors, ...instead they're viewed as bums in search of a free ride.

[Soul Crusher]

No, they are viewed as bums for gambling and walking away from their bad bets and demanding the other taxpayers pick up the slack.

Same for the bankers. 

[MRDUMPLING]

No, they are viewed as bums for gambling and walking away from their bad bets and demanding the other taxpayers pick up the slack.

Same for the bankers. 

BOOM!

[24KT]

No, they are viewed as bums for gambling and walking away from their bad bets and demanding the other taxpayers pick up the slack.

Same for the bankers. 

Are you refering to the bankers or the former homeowners? I don't recall the homeowners calling for bailouts

[quadzilla456]

Are you refering to the bankers or the former homeowners? I don't recall the homeowners calling for bailouts

And most did not get a bailout. Although I know of one lady that walked away from her home and left the furniture in the home. She was going to live with her boyfriend in another state. That did not work out and she came back and was able to purchase the home back from the bank at a much reduced rate. Her mortgage went from about $1250 per month to $350. That is the kind of thing that will help a lot of people. They really should reasses the homes at current market values with a 4% interest rate. After all it was fake money anyway. Now this economy has to be saved and you do that by saving main street. They are the ones that will make or break the economy ultimately.

[OzmO]

And most did not get a bailout. Although I know of one lady that walked away from her home and left the furniture in the home. She was going to live with her boyfriend in another state. That did not work out and she came back and was able to purchase the home back from the bank at a much reduced rate. Her mortgage went from about $1250 per month to $350. That is the kind of thing that will help a lot of people. They really should reasses the homes at current market values with a 4% interest rate. After all it was fake money anyway. Now this economy has to be saved and you do that by saving main street. They are the ones that will make or break the economy ultimately.

That's happening a lot I think.  i know someone who did something similar. 

[Bindare_Dundat]

The average time from Foreclosures to Eviction: 438 DAYS

Almost 1 1/2 years of free rent.




http://www.nytimes.com/2010/06/01/bu...1nopay.html?hp
ST. PETERSBURG, Fla. — For Alex Pemberton and Susan Reboyras, foreclosure is becoming a way of life — something they did not want but are in no hurry to get out of.

Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino.

“Instead of the house dragging us down, it’s become a life raft,” said Mr. Pemberton, who stopped paying the mortgage on their house here last summer. “It’s really been a blessing.”

A growing number of the people whose homes are in foreclosure are refusing to slink away in shame. They are fashioning a sort of homemade mortgage modification, one that brings their payments all the way down to zero. They use the money they save to get back on their feet or just get by.
This type of modification does not beg for a lender’s permission but is delivered as an ultimatum: Force me out if you can. Any moral qualms are overshadowed by a conviction that the banks created the crisis by snookering homeowners with loans that got them in over their heads.

“I tried to explain my situation to the lender, but they wouldn’t help,” said Mr. Pemberton’s mother, Wendy Pemberton, herself in foreclosure on a small house a few blocks away from her son’s. She stopped paying her mortgage two years ago after a bout with lung cancer. “They’re all crooks.”

Foreclosure procedures have been initiated against 1.7 million of the nation’s households. The pace of resolving these problem loans is slow and getting slower because of legal challenges, foreclosure moratoriums, government pressure to offer modifications and the inability of the lenders to cope with so many souring mortgages.

The average borrower in foreclosure has been delinquent for 438 days before actually being evicted, up from 251 days in January 2008, according to LPS Applied Analytics.

[Soul Crusher]

A good foreclosure attorney with a few dollars from the client can gum up the works for a long time.