The real story here will be the resounding silence of liberals in the face of this thunderclap of truth, this proof positive that faith in the economic system that made America great is faith well placed. For, see, Wall Street can and does smile down with kind benevolence upon Main Street; the struggles of one American, no matter how poor or how overextended or how irresponsible his past financial decisions might have been is the struggle of all Americans, a struggle felt in even the loftiest board rooms. And despite this, we have the calls from the left for financial reform, crushing limits on the freedoms of great companies like Citigroup to act out of kindness and patriotism and great caring. What will happen when "reform" crushes the spirit of a company such as this? When taxes to support socialist systems of health care require that even the best-intentioned companies direct all their dwindling resources toward merely staying afloat as their profit margins shrink, dwindle, disappear? Think long and hard on this, libs. Long and hard, and then consider what shape you truly desire for your world.

Must suck to be a guy who got foreclosed on last week.

Restrictions include:

Must be owned wholly by Citigroup, not through a subsidiary or another bank or underwritten by Citigroup.

So, unless your mortgage is wholly owned by Citigroup: pack your shiat and get the fark out.

This is done as PR thing for every mortgage company I know of, yes I do business with about 5 of them and they all have moratoriums about 2-3 weeks around Christmas of no evictions.

Cool! I can skip my mortgage this month!

"Hey Honey, the bank won't foreclose on us for 30 days!"

"Well then, I'm off to Best Buy to get a 60 inch plasma!"

i love the smell of foreclosures in the morning.

HungryHungryHippo: "Hey Honey, the bank won't foreclose on us for 30 days!"

"Well then, I'm off to Best Buy to get a 60 inch plasma!"

Yep.

Blue's Law invoked on Boobies.

Nice.

Pocket Ninja: The real story here will be the resounding silence of liberals in the face of this thunderclap of truth, this proof positive that faith in the economic system that made America great is faith well placed. For, see, Wall Street can and does smile down with kind benevolence upon Main Street; the struggles of one American, no matter how poor or how overextended or how irresponsible his past financial decisions might have been is the struggle of all Americans, a struggle felt in even the loftiest board rooms. And despite this, we have the calls from the left for financial reform, crushing limits on the freedoms of great companies like Citigroup to act out of kindness and patriotism and great caring. What will happen when "reform" crushes the spirit of a company such as this? When taxes to support socialist systems of health care require that even the best-intentioned companies direct all their dwindling resources toward merely staying afloat as their profit margins shrink, dwindle, disappear? Think long and hard on this, libs. Long and hard, and then consider what shape you truly desire for your world.

10/10

apparently anything involving "first" and then "post" together is changed to boobies.

BBRModitha: apparently anything involving "first" and then "post" together is changed to boobies.

n00b.

As someone who works with forclosures every day, this is horrible. Taking money from my pocket during the holiday season so people who were too dumb to manage their finances to begin with can have a holiday at my families expense. Fark you citigroup.

BBRModitha: apparently anything involving "first" and then "post" together is changed to boobies.

Welcome to 2001 Fark filters. Been here long?

BBRModitha: apparently anything involving "first" and then "post" together is changed to boobies.

Duh.

As someone who is looking to gain from other people's misfortunes by finding a good deal on a foreclosed home, I am not amused. fark you Citigroup.

BBRModitha: apparently anything involving "first" and then "post" together is changed to boobies.



Nuh-uh.

/Welcome to Fark.

I remember one year, back when I was less fiscally responsible than I am now, getting a HUGE electric/gas bill in Jan with a notice to pay it in a week or get cut off. I called up and ask "how come in the past I have gotten cut of notices for half this amount but this time you let it go so long?" She said "We don't cut off anyone in December, bad PR."

So I got the benefit of an extra month but had a bill that I just couldn't pay. Kind of a good thing I guess.

HungryHungryHippo: "Hey Honey, the bank won't foreclose on us for 30 days!"

"Well then, I'm off to Best Buy to get a 60 inch plasma!"

My dad used to refer to getting evicted as "60 days same as cash!".

Maybe this is Citigroup's way of trying to forestall Mr. Maverick's new-found love of Glass-Stegall. Citigroup would cease to exist if Cantwell-McCain were to pass.

MacEnvy: Must suck to be a guy who got foreclosed on last week.

Nothing will be good enough for you...

I suspect this has more to do with their balance sheet than with holiday cheer. If somebody isn't paying their mortgage, it's a $500-2,000 loss per month. If they foreclose, after expenses and the auction they have to admit to a lump sum loss of $100,000 or whatever. Multiply by 4,000 mortgages in default, watch stock price sink.

Pocket Ninja: The real story here will be the resounding silence of liberals in the face of this thunderclap of truth, this proof positive that faith in the economic system that made America great is faith well placed. For, see, Wall Street can and does smile down with kind benevolence upon Main Street; the struggles of one American, no matter how poor or how overextended or how irresponsible his past financial decisions might have been is the struggle of all Americans, a struggle felt in even the loftiest board rooms. And despite this, we have the calls from the left for financial reform, crushing limits on the freedoms of great companies like Citigroup to act out of kindness and patriotism and great caring. What will happen when "reform" crushes the spirit of a company such as this? When taxes to support socialist systems of health care require that even the best-intentioned companies direct all their dwindling resources toward merely staying afloat as their profit margins shrink, dwindle, disappear? Think long and hard on this, libs. Long and hard, and then consider what shape you truly desire for your world.

Oh please! You think they did this out of the goodness of their hearts? They did it for a PR boost! They've been getting hammered for over a year! This doesn't cost them anything, they just have to wait a little longer to get the money that is already coming to them. I'm guessing they decided it would be worth it to wait a month to get what was already coming to them and get a huge PR boost from the idiots out there who think Citigroup did this out of the goodness of their hearts.

tpk2002: MacEnvy: Must suck to be a guy who got foreclosed on last week.

Nothing will be good enough for you...

30 days? Forclosure spike in 31 days.

It's interesting to watch corporate america adopt the "spray bactine on the compound fracture and look at something else" habits of the government.

Makes one wonder if maybe the corporations ARE the government.

This does nothing to actually help anyone. It just lets people forget about the inevitable for another month.

This is nothing new, most large lenders do moratoriums like this around the holidays. Some even do it without issuing a press release.

So should I stop flushing bags of pre-mix concrete down my toilets for a bit?

AmazingRuss: Makes one wonder if maybe the corporations ARE the government.

You still wonder? The government is so irreversibly in bed with the large corps at this point the only way to fix it is to kill it all with fire and build anew on the ashes.

poehitman: Pocket Ninja: The real story here will be the resounding silence of liberals in the face of this thunderclap of truth, this proof positive that faith in the economic system that made America great is faith well placed. For, see, Wall Street can and does smile down with kind benevolence upon Main Street; the struggles of one American, no matter how poor or how overextended or how irresponsible his past financial decisions might have been is the struggle of all Americans, a struggle felt in even the loftiest board rooms. And despite this, we have the calls from the left for financial reform, crushing limits on the freedoms of great companies like Citigroup to act out of kindness and patriotism and great caring. What will happen when "reform" crushes the spirit of a company such as this? When taxes to support socialist systems of health care require that even the best-intentioned companies direct all their dwindling resources toward merely staying afloat as their profit margins shrink, dwindle, disappear? Think long and hard on this, libs. Long and hard, and then consider what shape you truly desire for your world.

Oh please! You think they did this out of the goodness of their hearts? They did it for a PR boost! They've been getting hammered for over a year! This doesn't cost them anything, they just have to wait a little longer to get the money that is already coming to them. I'm guessing they decided it would be worth it to wait a month to get what was already coming to them and get a huge PR boost from the idiots out there who think Citigroup did this out of the goodness of their hearts.

We've got a live one! Go ahead and reel this one in, PocketNinja!

Meh... waht's 30 days when it's taking them 18 to 24 months to process anyways?

Yeah, this isn't about being nice to the people being foreclosed on.

This is about the whole department taking a month off.

Yeah, they can afford to stop foreclosing on houses for a month because they jacked up their credit card rates (new window). 'Tis not the season to be charging a lot on a Citi card.

Sliceablekitty: This does nothing to actually help anyone. It just lets people forget about the inevitable for another month.

This is nothing new, most large lenders do moratoriums like this around the holidays. Some even do it without issuing a press release.

M&T Bank offers to suspend my car payment for December every year. Funny thing is the interest never stops accumulating.

I'll pay my bill. Thanks just the same. I wouldn't have bought the car if I couldn't.

HungryHungryHippo: "Hey Honey, the bank won't foreclose on us for 30 days!"

"Well then, I'm off to Best Buy to get a 60 inch plasma!"

Sadly, it's that attitude that landed people in that position, to start with.

If there were only a few houses that were foreclosed on, they would really hate to do this. Since there are probably quite a few houses foreclosed and no one is there to buy it anyway....what does it matter if the people are there or not? They're still going to have a house with an inflated price that no one wants/can buy.

This isn't about PR...it's about profit, and it just happens to make them look good at the moment.

Fark you Citi. I have to watch your commercials every ten minutes. You have a 20 yr. $400 million deal to name Citi Field. Eat me you rich a ss h o les.

Tell me again, POKET NINJA, about fiscal responsibility & benevolence you tool. Go fornicate with a blender

triad203: poehitman: Pocket Ninja: The real story here will be the resounding silence of liberals in the face of this thunderclap of truth, this proof positive that faith in the economic system that made America great is faith well placed. For, see, Wall Street can and does smile down with kind benevolence upon Main Street; the struggles of one American, no matter how poor or how overextended or how irresponsible his past financial decisions might have been is the struggle of all Americans, a struggle felt in even the loftiest board rooms. And despite this, we have the calls from the left for financial reform, crushing limits on the freedoms of great companies like Citigroup to act out of kindness and patriotism and great caring. What will happen when "reform" crushes the spirit of a company such as this? When taxes to support socialist systems of health care require that even the best-intentioned companies direct all their dwindling resources toward merely staying afloat as their profit margins shrink, dwindle, disappear? Think long and hard on this, libs. Long and hard, and then consider what shape you truly desire for your world.

Oh please! You think they did this out of the goodness of their hearts? They did it for a PR boost! They've been getting hammered for over a year! This doesn't cost them anything, they just have to wait a little longer to get the money that is already coming to them. I'm guessing they decided it would be worth it to wait a month to get what was already coming to them and get a huge PR boost from the idiots out there who think Citigroup did this out of the goodness of their hearts.

We've got a live one! Go ahead and reel this one in, PocketNinja!

The troller should select a spot that allows safe access to the message board. Posters bite most actively early in the morning and in the evening. A quiet approach increases the chances of success. Political threads are likely places to catch posters. After casting the bait onto the message board, the troller must wait quietly. There will be some posting, but this does not mean a poster is hooked. The hooked poster will jerk the posting around the message board. When this happens, the troller should pull up sharply on the line, pointing the rod tip up and maintaining a taut line while reeling in the poster. Success!

They are doing this so they can push off these losses to next year.


Also, what about the families that struggle, save every single penny, maybe forego Christmas this year so they can make their house payment? Nope. But don't make payments for months on end on a house you could NEVER afford and guess what, you get one more month FOR FREE!!

reveal101: The troller should select a spot that allows safe access to the message board. Posters bite most actively early in the morning and in the evening...

Many local newspapers publish moon phase and rising and setting times, which will also help with your efforts.

TsukasaK: AmazingRuss: Makes one wonder if maybe the corporations ARE the government.

You still wonder? The government is so irreversibly in bed with the large corps at this point the only way to fix it is to kill it all with fire and build anew on the ashes.

Don't you communicate with me, you insurgent.

DHS Guys: I found one! Over here!

ggecko: They are doing this so they can push off these losses to next year.


Or a simple PR stunt. Those people who were going to get booted will instead have a nice little Valentine's day present of GTFO.

wildcardjack: Yeah, this isn't about being nice to the people being foreclosed on.

This is about the whole department taking a month off.

One of my best friends works for IT at the Citi credit center here, and he said they don't do much during the holidays to prevent any problems with their cards. Wouldn't want to stop people from spending money they don't have.

Christmas comes early from Citigroup: no home foreclosures for 30 magical days bad publicity during the holiday season.

After that, get the f*ck out.

Still hate Citi and vow to never do business with them again. Last straw was hiking my $0 balance credit card up to 20.99% because they don't have their shiat together. A little over a year ago it was 13.99% and they acted surprised when I called to cancel.

//cue the tiny violins

giving the deadbeats another 30 days only prolongs the inevitable.

these are people who havent even made an attempt to pay for 90 days, going on 120 now.

poehitman: Pocket Ninja: The real story here will be the resounding silence of liberals in the face of this thunderclap of truth, this proof positive that faith in the economic system that made America great is faith well placed. For, see, Wall Street can and does smile down with kind benevolence upon Main Street; the struggles of one American, no matter how poor or how overextended or how irresponsible his past financial decisions might have been is the struggle of all Americans, a struggle felt in even the loftiest board rooms. And despite this, we have the calls from the left for financial reform, crushing limits on the freedoms of great companies like Citigroup to act out of kindness and patriotism and great caring. What will happen when "reform" crushes the spirit of a company such as this? When taxes to support socialist systems of health care require that even the best-intentioned companies direct all their dwindling resources toward merely staying afloat as their profit margins shrink, dwindle, disappear? Think long and hard on this, libs. Long and hard, and then consider what shape you truly desire for your world.

Oh please! You think they did this out of the goodness of their hearts? They did it for a PR boost! They've been getting hammered for over a year! This doesn't cost them anything, they just have to wait a little longer to get the money that is already coming to them. I'm guessing they decided it would be worth it to wait a month to get what was already coming to them and get a huge PR boost from the idiots out there who think Citigroup did this out of the goodness of their hearts.

No, they know property value always increases in January. Good companys always get it right.

poehitman: Oh please! You think they did this out of the goodness of their hearts? They did it for a PR boost! They've been getting hammered for over a year! This doesn't cost them anything, they just have to wait a little longer to get the money that is already coming to them. I'm guessing they decided it would be worth it to wait a month to get what was already coming to them and get a huge PR boost from the idiots out there who think Citigroup did this out of the goodness of their hearts.

So, you aren't familiar with Pocket Ninja's tounge-in-cheek posting style, are you?

In other news, I'm sure my sister and brother-in-law will be pleased to learn they get to keep their house for 1 more month. and no, they are not losing the house due to fiscal irresponsibility.

Their mortgage payment (which included property taxes and insurance) was less than 1/3 their monthly household income, well within normal range. They were even smart enough to put their leftover money into savings. Then, several months ago, my sister got laid off from her job, and my brother-in-law was forced to take a 50% paycut to keep his. Overnight, they lost 2/3 of their income.

They did everything "right", yet their best efforts to keep the house have failed. The mortgage company bascially gave them a "screw you" response instead of trying to work with them.

/So pissed to see them lose it all, when they did nothing wrong.

Loreweaver: In other news, I'm sure my sister and brother-in-law will be pleased to learn they get to keep their house for 1 more month. and no, they are not losing the house due to fiscal irresponsibility.

Wow. Sounds like there's a story there. You better tell us.

/Oh you did? Never mind.

Employee - Sir, we have 4,209,826,301,458,951 houses we already foreclosed on and can't sell.

Bank boss - Tell the press we are going to not foreclose on any houses in December. That should buy some time to unload the inventory we already have.

Employee - Excellent idea sir! I'll let the press know right now!

Bank boss - And tell them I'm a Gecko!

Fiscal responsibility surrenders.

On another note, if you have a house and can't afford the payments, you yourself have to do something about it. Banks can and should be lenient, but after awhile they have to say "Look, can you keep up with your loan payments or not? No? Then we can't continue to support you in that house."

You walked into the loan and signed an agreement that you would make payments on the house. If you are unable to make payments, you have breached that agreement.

If there was predatory lending or unreasonable practices by the bank, that would be one thing, but whining about not being able to afford house payments because you lost your job is absurd. You're asking for a free ride while the rest of us get none. Build your income back up in a hurry or let go of the damn house. Take a step back. You'll take that step forward again when your income is back on line. Until then, find AFFORDABLE housing.

/internet tough guy

Loreweaver: /So pissed to see them lose it all, when they did nothing wrong.

Brace yourself for 20 people telling you what irresponsible deadbeats they are.