Sunday, October 31, 2010
Friday, October 8, 2010
America's Economy - It is your fault!
That is exactly the state of mind of all Americans .... wanting to blame everyone but ourselves, Our economic woes are solely the fault of Americans , not democrats .... not republicans...., Americans. We are all American before we are democrat or republican. When the housing boom was taking place Democrats made money, Republicans made money, AMERICANS made money ... and everyone was happy. Now that shit has hit the fan, somehow American #1 that made money is to blame but American #2 that also made money is not to blame.
A person must be truly ignorant, to think that their political party provides them a protective veil from liability to this problem or that it allows them to start pointing the finger of blame at a fellow American.
Basically what it all boils down to .... is that people are full of crap. This is an American economy created by Americans for Americans. This is an American problem.
A word to my fellow Americans: Grow up, focus on fixing the problem, not pointing the finger of blame!
A person must be truly ignorant, to think that their political party provides them a protective veil from liability to this problem or that it allows them to start pointing the finger of blame at a fellow American.
Basically what it all boils down to .... is that people are full of crap. This is an American economy created by Americans for Americans. This is an American problem.
A word to my fellow Americans: Grow up, focus on fixing the problem, not pointing the finger of blame!
Monday, October 4, 2010
Delaying the housing recovery
http://finance.yahoo.com/news/Bank-of-America-delays-apf-4073054242.html?x=0&sec=topStories&pos=5&asset=&ccode=
"in response to the above referenced article"
Here's to screwing the pooch. Let's drag out the american housing recovery another decade. What bullshit, somehow the banks manage to have all their paperwork in order when it comes to manipulating a customers checking account transactions to maximize overdraft fees on millions of customers everyday, yet somehow they don't have their ducks in a row when it comes ensuring the foreclosure process is being handled correctly.
I personally don't advocate walking away from financial responsibilities, but enough is enough already. Why should john doe homeowner want to talk the bank about defaulting on his/her mortgage or his/her financial situation whatsoever .... seems like that only creates an opportunity for more problems to appear. Homeowner's strategic default is a legitimate option, sorry but i believe in it now. Even if you're someone that knowingly took out a loan you couldn't afford, i say go for it.
What's good for the goose is good for the gander. If banks don't exercise ethics and morals in their business transactions, then the consumer isn't required to exercise ethics or morals or either. It's an eye for an eye.
And hell why not default? As it stands now, your tax dollars over the next 30 if not more years is going to pay the bail outs ... so in essence if you don't default, you the consumer wind up paying double for your home. You pay once when you continue to pay on your home loan, plus now you're paying off the great American bail out (the banks debt and the debts incurred from damage to the economy) too. Here's to paying for your HOME TWICE. You can't get out of taxes, but you can get out of paying your home loan. (hint)
Plus Bank of America wouldn't pay off your debt, why should you pay off Bank of America's debt? Sound's asonine to me. I say pay your taxes, and get America back on track, and take a xerox of your middle finger and fax that to your bank with your mortgage coupon.
If the Banks get a golden parachute, then the American consumer should too. Perhaps the gov't should have just bought up all the bad mortgages and worked out payment plans with consumers, the banks would've gotten their money, the consumer would feel some relief. And then Americans wouldn't be paying twice for their homes! Plus the gov't might make some interest in the process too. We still have that war, you know the one about those weapons of mass destruction that were never found, that we need to pay for.
And let's face it these federal loan programs to help Americans save their homes have performed miserably. They are crap. Hell i wouldn't be surprised if the banks haven't found ways to manipulate these programs to work in the banks favor.
You know on Friday I left a customers office and on the way home decided to stop at Bank of America on the way home and cash the check he gave me for a $25 trip fee(it was a Bank of America Check). You know Bank of America wanted to charge me a $5 fee to cash at $25 check, friggin outrageous if you convert that into a percentage that is a damn 20% FEE. Isn't that loan sharking?
Oh i'm so pissed.
I saw a sign in front of realty companies office yesterday that says "If you want change, re-elect no one." Interpret that statement how you want. Just some food for thought.
"in response to the above referenced article"
Here's to screwing the pooch. Let's drag out the american housing recovery another decade. What bullshit, somehow the banks manage to have all their paperwork in order when it comes to manipulating a customers checking account transactions to maximize overdraft fees on millions of customers everyday, yet somehow they don't have their ducks in a row when it comes ensuring the foreclosure process is being handled correctly.
I personally don't advocate walking away from financial responsibilities, but enough is enough already. Why should john doe homeowner want to talk the bank about defaulting on his/her mortgage or his/her financial situation whatsoever .... seems like that only creates an opportunity for more problems to appear. Homeowner's strategic default is a legitimate option, sorry but i believe in it now. Even if you're someone that knowingly took out a loan you couldn't afford, i say go for it.
What's good for the goose is good for the gander. If banks don't exercise ethics and morals in their business transactions, then the consumer isn't required to exercise ethics or morals or either. It's an eye for an eye.
And hell why not default? As it stands now, your tax dollars over the next 30 if not more years is going to pay the bail outs ... so in essence if you don't default, you the consumer wind up paying double for your home. You pay once when you continue to pay on your home loan, plus now you're paying off the great American bail out (the banks debt and the debts incurred from damage to the economy) too. Here's to paying for your HOME TWICE. You can't get out of taxes, but you can get out of paying your home loan. (hint)
Plus Bank of America wouldn't pay off your debt, why should you pay off Bank of America's debt? Sound's asonine to me. I say pay your taxes, and get America back on track, and take a xerox of your middle finger and fax that to your bank with your mortgage coupon.
If the Banks get a golden parachute, then the American consumer should too. Perhaps the gov't should have just bought up all the bad mortgages and worked out payment plans with consumers, the banks would've gotten their money, the consumer would feel some relief. And then Americans wouldn't be paying twice for their homes! Plus the gov't might make some interest in the process too. We still have that war, you know the one about those weapons of mass destruction that were never found, that we need to pay for.
And let's face it these federal loan programs to help Americans save their homes have performed miserably. They are crap. Hell i wouldn't be surprised if the banks haven't found ways to manipulate these programs to work in the banks favor.
You know on Friday I left a customers office and on the way home decided to stop at Bank of America on the way home and cash the check he gave me for a $25 trip fee(it was a Bank of America Check). You know Bank of America wanted to charge me a $5 fee to cash at $25 check, friggin outrageous if you convert that into a percentage that is a damn 20% FEE. Isn't that loan sharking?
Oh i'm so pissed.
I saw a sign in front of realty companies office yesterday that says "If you want change, re-elect no one." Interpret that statement how you want. Just some food for thought.
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