BravadoGT: Those evil bankers, using their voodoo and jedi mind tricks and forcing that poor cop to buy a house he couldn't actually afford....

do you know this family's situation personally? or are you just pulling reasons out of your ass?

BravadoGT: Hobodeluxe: BravadoGT: Those evil bankers, using their voodoo and jedi mind tricks and forcing that poor cop to buy a house he couldn't actually afford....

do you know this family's situation personally? or are you just pulling reasons out of your ass?

I know no one put a gun to his head and made him sign the contract. And if he can no longer afford the house, he should get out of it and rent a cheaper place. Free market FTW.

or maybe the banks shouldn't make such risky loans in the first place? or maybe he had his healthcare and retirement deductions adjusted by the GOP legislators and it made making payments out of reach? or maybe his wife lost her job due to the economic collapse caused by these Wall st gamblers and it's their fault? or maybe someone got sick or hurt?

you have no idea what happened to them. so act like a human being with a heart until you know what you're talking about.

BravadoGT: Hobodeluxe: BravadoGT: Hobodeluxe: BravadoGT: Those evil bankers, using their voodoo and jedi mind tricks and forcing that poor cop to buy a house he couldn't actually afford....

do you know this family's situation personally? or are you just pulling reasons out of your ass?

I know no one put a gun to his head and made him sign the contract. And if he can no longer afford the house, he should get out of it and rent a cheaper place. Free market FTW.

or maybe the banks shouldn't make such risky loans in the first place? or maybe he had his healthcare and retirement deductions adjusted by the GOP legislators and it made making payments out of reach? or maybe his wife lost her job due to the economic collapse caused by these Wall st gamblers and it's their fault? or maybe someone got sick or hurt?

you have no idea what happened to them. so act like a human being with a heart until you know what you're talking about.

Maybe Barney Frank shouldn't have threatened the banks if they didn't make risky loans. Maybe he's a government union employee in a wealthy community and actually had his income go up? Maybe the rule of law doesn't depend on whether it's your fault or not?

Maybe the "human being with a heart thing" is to allow the process to work the same for everyone, and not pick and choose winners and losers based on who has the best sob story?

or maybe since they were victims of a con man the bank could work with them on getting the mortgage back on schedule? it's not like the housing market is booming and they don't have a lot of empty houses they need to sell already.

Wow. Talk about a faceplant.

WWJD?

BravadoGT: 2wolves: Lurking Fear: Thats some excellent trolling there BravadoGT.

Was it worth the effort involved? What sort of satisfaction is gained by that sort of behavior?

I honestly don't understand why you think it's trolling because I am not all that sympathetic for some couple who followed the advice of some "foreclosure counselor" (?) and strategically decided to default on their mortgage is now actually the victim of the mean ol' evil banks.

"A fool and his money are soon parted." Isn't that how the saying goes?

Unless you're a bank.

Obama is going to bail out homeowners when he gets his second term.

Bravado Scumbag is irrelevant. Nothing he says in this thread will erase what happened or what our brothers and sisters in Atlanta are doing.

WHATEVER IT TAKES, WE WILL FIND A WAY TO BE OFFENDED BY THESE LIBERALS FOR BEING RIGHT. No matter the lies we must tell, the mental gymnastics we must pull off, we will find a way. It's what we do, it's who we are, it's the Fark Independent™ way.

*frownyface.jpg*

BravadoGT: The family isn't "bad"--but between them and the bank--they are in ones in the wrong.
That sort of bullshiat doesn't fly anymore. Banks pull worse than that every single day, and are at this very minute trying to think up more ways to part people from their money. They employ people to do this very thing. And you'll call it "Business" or "Duty to Shareholders." A family tries to adjust the mortgage on their overvalued house and they've done no worse than the bank does every second of every day. They are not any more wrong than the bank is for trying to negotiate a better deal.

Better the cop lives in it than having it sit in some bank's shadow inventory as lack of maintenance slowly tears it down.

serial_crusher: How exactly does loitering on the bank's property count as saving the guy from foreclosure?

draws attention to the issue.

Nadie_AZ: Oh no, someone made a mistake- nail them to the wall and shoot them!

My god. I'm so sick of this. The banks that were Too Big Too Fail all made mistakes and were bailed out. And yet we hate on people who do what people do- make mistakes? How pathetically sad.

If I am out climbing and someone teaches me how to repel- and they taught me wrong- am I to blame when it fails and I fall to injury or death?

Rappel. You rappel in climbing, aka abseil.

HotWingConspiracy: Obama is going to bail out homeowners when he gets his second term.

He already did.

I would love to see how people would react to Obama bailing them out like the banks were. Here is a check for X% of your gross income. You have 2 years to pay it back.

BravadoGT: Hobodeluxe: BravadoGT: Hobodeluxe: BravadoGT: Those evil bankers, using their voodoo and jedi mind tricks and forcing that poor cop to buy a house he couldn't actually afford....

do you know this family's situation personally? or are you just pulling reasons out of your ass?

I know no one put a gun to his head and made him sign the contract. And if he can no longer afford the house, he should get out of it and rent a cheaper place. Free market FTW.

or maybe the banks shouldn't make such risky loans in the first place? or maybe he had his healthcare and retirement deductions adjusted by the GOP legislators and it made making payments out of reach? or maybe his wife lost her job due to the economic collapse caused by these Wall st gamblers and it's their fault? or maybe someone got sick or hurt?

you have no idea what happened to them. so act like a human being with a heart until you know what you're talking about.

Maybe Barney Frank shouldn't have threatened the banks if they didn't make risky loans. Maybe he's a government union employee in a wealthy community and actually had his income go up? Maybe the rule of law doesn't depend on whether it's your fault or not?

Maybe the "human being with a heart thing" is to allow the process to work the same for everyone, and not pick and choose winners and losers based on who has the best sob story?

So, you don't understand what the problem is, you just know what the right-wing radio/TV talking points are? Ok.

Banks were told to stop redlining and to start evaluating each mortgage application on an individual basis. What do you have against people being treated as individuals rather than as members of a group?

BravadoGT: Free market FTW.

The "free market" is what got us into this economic crisis in the first place, and is tenable as "communist utopia" in terms of political ideals.

Saiga410: HotWingConspiracy: Obama is going to bail out homeowners when he gets his second term.

He already did.

I would love to see how people would react to Obama bailing them out like the banks were. Here is a check for X% of your gross income. You have 2 years to pay it back.

Do we also get to conjure ten times our actual net worth out of thin air to pay it off?

I've posted this elsewhere, but I'll say it again here:

Cops at the height of their careers are generally in the upper-middle-class range for family income. They're generally homeowners with kids who are going (to go) to college. They have money, but not enough to avoid credit: mortgages, car payments, student loans. They have municipal or state pensions, but those are being raided to cover budget shortfalls, and their spouse probably has a 401k that has lost a lot of value.

They're solidly in the group that is being hit the hardest by the credit crunch, scummy banks, and generally poor economy.

A Dark Evil Omen: Do we also get to conjure ten times our actual net worth out of thin air to pay it off?

Fractional reserve banking do not allow for the banks to do that.

Also, the larger picture is that it's definitely a failure of the "free market" if you can have homeless people and foreclosed homes existing at the same time. Granted, I'm not counting America's highest incarceration rate as giving people homes, which the fascists might be.
The fascists' end goal is a prison state, where only the rich or and their useful idiots (if they don't step out of line or dissapoint) is in jail.
It'd be interesting to squatters come in and take over a banker's mansion, and then have the banker complain that they kicked him out of his house. Tell them that as long as they can't find a home, the bankers don't get one either.
Or if one of those black bloc guys went off the deep end and pulled a Texas' governors mansion on one of their homes. The irony would be delicious.
It's not like they don't have multiple houses anyway.

The banks were fine back when they were giving generous loans to people who assumed the housing market would grow without end so they were buying up houses that were larger and more expensive than they really needed on the assumption that they would always be able to make a profit off that investment.

Banks aren't your friend sure, but they also don't force you to get a loan you can only pay off if it never once rains.