Damn Obama!!!!!!!! Look what he is planning next!!!!!!

[flarendep1]

Oops, I spoke too soon.

Cody could not contain himself.

[vols fan]

You have jobs, health and a roof over your head. You have peace of mind. I hope you know that is worth more than anything else....

Buddy,I have to hire and fire people so I agree 100% about peace of mind.Nothing worse than having to let someone go that is a good guy and has a family. I know some of the people at home without jobs have worked there ass off and none of my posts are a shot at them.I hope anyone reading any of this knows that. Like the woman you are dealing with.Thats bad luck.My dad is a big dog in my company and been there 25 years. 5 years ago he was ready to retire and ready to buy a condo on the beach.Now he is 61 and is waiting for another 2 years to get that. He will tell you that lot of people are way worse off than he is.He got put back a couple years.Alot of people are being put back decades.

[vols fan]

Oops, I spoke too soon.

Cody could not contain himself.

And I mised it.Now it's killing me to see what the moron said.

[Guns]

Thanks Spark, that dude had an agenda, just look at his first post.

I ain't fraid of no ghost. Spark = Ghostbuster.

[buddyluv1968]

And I mised it.Now it's killing me to see what the moron said.

Nothing worth writing....

[Spark]

Thanks Spark, that dude had an agenda, just look at his first post.

I ain't fraid of no ghost. Spark = Ghostbuster.

I banned him out of a thread yesterday for doing the same thing ... he did not take that hint ... now he is banned from the site ... he had one and only one reason for being here ...

Nothing worth writing....

I agree

[Spark]

Continue on men ...




I get sick when I think how much my house dropped in value over the last 2 years ... it is horrible on everyone ...

[Jamaicanman]

Everyone (homeowners) is affected by this unfortunately. But you rarely, if EVER, hear about the person who is underwater b/c they bought their house for 200k, shot to 400k during the insane times, cashed out 150-200k in equity, essentially treating their house like an atm, and are now whining or walking away. Guess who gets stuck with that lost money they stole? But I have never seen anyone (and it's a lot) like that used as an example of one of the causes of this problem.

[Guns]

Everyone (homeowners) is affected by this unfortunately. But you rarely, if EVER, hear about the person who is underwater b/c they bought their house for 200k, shot to 400k during the insane times, cashed out 150-200k in equity, essentially treating their house like an atm, and are now whining or walking away. Guess who gets stuck with that lost money they stole? But I have never seen anyone (and it's a lot) like that used as an example of one of the causes of this problem.

The consumer and the banks are both at fault. If you had a pulse, you qualified for a loan. The banks aren't blameless here.

The Great Depression was caused by many factors, primarily the borrowing on margin of overpriced stocks. October 1929 came, and people were bridge jumping. Same scenario, except this time it is real estate instead of stocks.

Consumers for the most part rely on the advice of their bankers, and the bankers weren't exactly closing the vaults.

Now the average person or business is being shut off by these same bankers that were welcoming them with open arms 2 years ago.

[Spark]

Now the average person or business is being shut off by these same bankers that were welcoming them with open arms 2 years ago.

[Jamaicanman]

The consumer and the banks are both at fault. If you had a pulse, you qualified for a loan. The banks aren't blameless here.

The Great Depression was caused by many factors, primarily the borrowing on margin of overpriced stocks. October 1929 came, and people were bridge jumping. Same scenario, except this time it is real estate instead of stocks.

Consumers for the most part rely on the advice of their bankers, and the bankers weren't exactly closing the vaults.

Now the average person or business is being shut off by these same bankers that were welcoming them with open arms 2 years ago.

But I blame the consumer is responsible for 80% and 20% banks. Just b/c the funds were easily lent doesn't mean they needed to borrow. Just b/c there is shitty food pumped out by McDonalds doesn't mean you are forced to eat there. If the borrowers were more responsible, the loans the banks were offering would have been irrelevant.

[Guns]

But I blame the consumer is responsible for 80% and 20% banks. Just b/c the funds were easily lent doesn't mean they needed to borrow. Just b/c there is shitty food pumped out by McDonalds doesn't mean you are forced to eat there. If the borrowers were more responsible, the loans the banks were offering would have been irrelevant.

I disagree. The average consumer relies on advice from certain professionial advisors...including their banker. If you have a banker shoving money in your face, often loaning on inflated appraised values, most consumers are going to accept the terms, and sign the loan in good faith. Often times interest only was the repayment term. Doesn't get any more irresponsible than that.

Once the loan closes, the responsibility is with the consumer. They should be able to control spending, but many can't. Often family emergencies occur. Others take extended vacations. Either way they end up over extended.

Both are equally responsible in my mind.

[Jamaicanman]

I disagree. The average consumer relies on advice from certain professionial advisors...including their banker. If you have a banker shoving money in your face, often loaning on inflated appraised values, most consumers are going to accept the terms, and sign the loan in good faith. Often times interest only was the repayment term. Doesn't get any more irresponsible than that.

Once the loan closes, the responsibility is with the consumer. They should be able to control spending, but many can't. Often family emergencies occur. Others take extended vacations. Either way they end up over extended.

Both are equally responsible in my mind.

So b/c they get a postcard in the mail or a robocall from a bank asking if they want money, they are limited in their culpability? We will agree to disagree b/c it is PRIOR to the loan closing that the consumer is responsible imo. If they don't know the terms, or what they are doing, or have no intentions to pay the bank back, they get a bailout? Or just hand over the keys to the house and say "Screw everyone"? I would be willing to bet there were more irresponsible borrowers than shady loan brokers. IMO your point is b/c McDonalds advertises a lot, then some fat ass who eats there isn't responsbile for eating there. I am sure people shove drugs in other's faces, but that doesn't mean they are forced to do anything but what they decide to do.

[jcindaville]

1.People are underwater cause they bought a house they couldnt afford.

2.People are trying to refinance cause they bought a house they couldn't afford.

Plain and simple. And I blame the banks and loan officers just as much as I do the people who purchased the home.

If Jessica Simpson laid down in front of u and said fuck me, would you??????????

Banks shouldn't have laid there with there legs spread to the borrower. Blame the whore, not the hard dick. I hope you get my drift on were the fault lies. This is my opinion on the matter

[BigWeiner]

If Jessica Simpson laid down in front of u and said fuck me, would you??????????

Banks shouldn't have laid there with there legs spread to the borrower. Blame the whore, not the hard dick. I hope you get my drift on were the fault lies. This is my opinion on the matter

You'd blame someone for fucking Jessica Simpson? Bad analogy brother