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| User Info | Ok, I'm Done With Being Nice in forum [Ticker] | |||
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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1086-O....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-06-03 12:30:44
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Koaj Posts: 957 Incept: 2009-02-03 
NJ
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sent an email to mr goodman with the ticker and a note of my own this debt cant be defaulted soon enough. maybe then banks will start puke selling houses and find real buyers absent a tax credit or artificially low rates...you know people who can afford to own
2009-06-03 12:36:31
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Moniteyes Posts: 2400 Incept: 2008-11-28 ny
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"she added to her mortgage balance as the value of her condo swelled, at one point exceeding $200,000. " Yippeeee free money! I got my piece of pie! ----------
2009-06-03 12:36:35
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Archaen Posts: 45 Incept: 2009-04-03 
Las Vegas
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Karl you are being nice still. I did not read one "leech****" "skull-****" or "stupid bitch" in that whole ticker.
---------- The free nation gradually constricting its grip on public discourse has begun its rapid slide into despotism. Beware of he who would deny you access to information, for in his heart he dreams himself your master. SMAC
2009-06-03 12:37:45
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Braindamage Posts: 76 Incept: 2008-11-08
ft bragg, nc
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ARCH - LMAO
2009-06-03 12:39:18
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Lilvern1 Posts: 3180 Incept: 2007-09-28
Bender! You're blind, stinking, sober!
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I like how the article trys to downplay what she did by pointing out that everyone was doing it: "Like tens of millions of other American homeowners, she added to her mortgage balance ..." Tens of millions of others used their homes as ATMs. If everyone is doing it it must be O.K....right? 
---------- "What part of 'we bailed you out' do you not get?" - Elizabeth Warren, Jan. 23, 2010
2009-06-03 12:39:44
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Ok, she deserves to be a victim of THIS: ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-06-03 12:40:18
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Sunriser1 Posts: 1879 Incept: 2007-10-30
lake tahoe nevada
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I can't get the picture of this young man to post. He is in front of his custom license plat "I ski bum" on front of a new dodge 4x4. Our government is not “for the people,” it is for big business and the continuation of their massive profits for the select few. If the government truly wants to help the people, then they should bail us out. Yes, we have to take responsibility for our actions with the housing situation, but bail us out — not the banks and mortgage companies that went under. We only took what they offered as any normal person would do. The price of the house is really not the issue, it’s the obnoxious interest rate that is destroying us. Here is a simple solution to the whole problem with the housing failure from a layman with all the same problems as the big guys. The infrastructure for lending is already in place through the government with the GI Bill and FHA lending programs, so they would only need to increase the people involved, which would put people to work. Take every U.S. legal citizen’s loan on their primary residence and give us a loan for the entire amount at 2 percent. Do not lower what we owe versus the value of the home, it will come back. Pay off the loan we have — in this way you are actually bailing out the banks and mortgage companies through us and not them. We tried that and they pocketed the money. Right now the prime lending rate to the toxic companies is 0 percent. The government is loaning them money for no interest, and then they are loaning the same interest-free money to us at upwards of 30 percent. You can also give us a loan, tied into our primary residence, for our credit card debt as a way to really bail out the country. I will use myself as an example as to what will happen. I owe $635,000 and $65,000 on my house and credit cards, of which I used all the money to improve my family’s future. If I got a “bailout” loan for $700,000 on my house at 2 percent interest, my loan payment to my government would be $1,400 per month. Now the government is getting what they would be getting anyway on the prime instead of zero now, the country is back on its feet and I will start spending money, thereby boosting the economy. If we get back into the same situation, then so be it, at least we bailed out the right people and not the fat cats on Wall Street who just ****d us in the first place and pocketed the bailout money. I know there are the banks saying this will never work, and they are right — it won’t work for them, but it will work for us. If the government is truly “for the people,” they will get the bailout money into the hands of those that need it most, American citizens. — Ken Curtzwiler is a South Shore resident. ShareThisfacebook Email Print ---------- "CHAPTER 9"
2009-06-03 12:44:24
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Lowbeyond Posts: 6902 Incept: 2008-02-11
CO Online
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But but but but. She's just a victim ! Fsk her and the rest of the ****tards that we are currently subsidizing all because a bunch of people have an emotional attachment to something with 4 walls and a roof. edit: oh and fsck the banks too. eat the loss you stupid fsck! ---------- Maybe it was a birdy bread-bomber from the future?! Last modified:
2009-06-03 12:46:11 by lowbeyond
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Themortgagedude Posts: 3930 Incept: 2007-12-17
saint louis
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Its one thing for borrowers to use the equity in their home for productive things. Downpayment on a rental property maybe. To start a business. Some productive use of the capital. But to use it as Ms Ulery did is just terrible money management and as such should not be bailed out. And the bank that made the loans does not deserve to be bailed out. Let em rot.
---------- "These are interesting times. We don't trust the government, we don't trust the legal system, we don't trust the media, and we don't trust each other! We've undermined all authority, and with it, the basis for replacing it! It's like a six-year-old's dream come true!"
2009-06-03 12:45:27
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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How long before these "bailouts" come in 5.56? Not from government - from people who are tired of this **** and start taking matters into their own hands? ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me Last modified:
2009-06-03 12:46:24 by genesis
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Lowbeyond Posts: 6902 Incept: 2008-02-11
CO Online
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Quote:How long before these "bailouts" come in 5.56? Don't encourage me ! 
---------- Maybe it was a birdy bread-bomber from the future?!
2009-06-03 12:47:08
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Sondog Posts: 58 Incept: 2009-05-18
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It just really hit me that when people were refinancing at these crazy valuations, in effect what they were doing is buying their houses at those crazy prices right when they should have been selling. I guess that is pretty obvious now.
2009-06-03 12:55:30
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Reddweb Posts: 381 Incept: 2008-01-20
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wow...with historical low mtg/refinance rates and all the bailouts, it looks like everybody is making out like bandits - except the prudent guy with no debt living with-in-means. prudent guy looks like a total idiot/fool - they will make him eat all the **** thats currently(& in future) being planned. It sucks to be a slave. Then there is this whole new game "mortgage modifications law" thats being planned by obama and his entourage. That will pay for that 20K hyundai that someone like ms.Ulery took advantage of home atm - indirectly being paid by me(all of us). [and i drove a 1997 mazda protege that i bought for 5K in 2002 until last year, when i bought corolla 07 for 13k - no loan]. we are being r*ped left and right. give me a break, already! Last modified:
2009-06-03 13:00:47 by reddweb
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200toolate Posts: 295 Incept: 2008-09-25 GA/AL line Online
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The circus barkers at Suntrust tried to sell me a HELOC EVERY time I went throught the door till this all happened. A friend of mine that has now filed bankruptcy TWICE in the last 10 years or so gave me a talking to about how smart it was to use that "money that's just sitting there" via a HELOC. No I didn't listen I'm not stupid. 2TL Last modified:
2009-06-03 13:02:49 by 200toolate
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Hihoherewego Posts: 595 Incept: 2009-02-25
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When you start playing nice that's when I leave. ............... "Law?" "What law?" B.H. Obama
2009-06-03 13:06:19
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Eaglewwit Posts: 1890 Incept: 2007-11-30 SoCal
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Welcome to the club Reddweb.
---------- "Not even I imagined we would see trillions of dollars being created and given to the culprits as a means of allegedly "saving" the system. This is not mere Keynesianism; it is Keynesianism on steroids and crystal meth."
2009-06-03 13:06:41
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East2west Posts: 220 Incept: 2009-03-03
California
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Karl, the same media spin is being given to student loans. Most of the media (including the NYT) go on and on about the horrible debt students are being *forced* to take to attend college. The Chronicle of Higher Education recently did a lengthy piece looking at the reality of student loans, and they pointed out that *most* kids who borrow to pay for college end up with pretty managable debt (the national average is $22,000, which works out to about $216 a month over ten years). There are of course *some* students who borrow much more, but the Chronicle pointed out that in most cases that is either because their debt involves graduate school loans OR they have opted to attend a much more expensive school instead of a less expensive one. One of the students they profiled in the article was a young woman who was putting together an student loan "protest" art show in New York City. She had over $60,000 in student debt. She was from Texas, and the article pointed out that she was admitted to UT Austin, and could have graduated from there with almost no loans. But, she "wanted" to attend a college near New York City because she "wanted" something different than Texas. So, she attended SUNY Purchase. Her parents would only agree to contribute what UT Austin would have cost them, so she borrowed the rest. But, here's the kicker. She's currently in DEFAULT on her student loans because she quit her job to organize the student loan "protest" art show. Sheesh. It's hard to have sympathy for people like that!
2009-06-03 13:11:51
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Lanemeyers Posts: 1065 Incept: 2008-01-22
Seattle
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Reddweb- I drive a 99 Mazda 626(Paid 5k in cash). Still trying to figure out the difference from a Protege. ---------- I change by not changing, at all. Last modified:
2009-06-03 13:18:11 by lanemeyers
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Icecastle Posts: 692 Incept: 2008-10-15
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She is, I think, representative of the American people - and hence of the voting public. Whatever one thinks of her or the NY Times, they represent a multi-year trend. I suspect one should not fight a trend. Therefore - I expect the dollar to decline in value and the U.S. to decline in power and influence over the next several decades. And nothing I say or do can change that destiny. ---------- Mala tempora currunt. 
2009-06-03 13:19:00
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Sondog Posts: 58 Incept: 2009-05-18
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Quote:She's currently in DEFAULT on her student loans because she quit her job to organize the student loan "protest" art show. What she needs to do is marry a rich banker.
2009-06-03 13:19:47
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Johnnydollar Posts: 100 Incept: 2008-09-02
philadelphia
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best ticker in some time. these people bitching about others screwing them, and crying for help, are too much. i would love to know the percentage of people who are getting government assistance who not only have cable/satellite television, but also have hbo/showtime, etc. Sadly, being an American, has somehow morphed into having the rite to live large, without the ability to pay for it.
2009-06-03 13:21:13
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge
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We need to make the viewing of American Idol fatal somehow...
---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-06-03 13:22:27
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Reza30 Posts: 233 Incept: 2009-02-15
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This one takes the cake: http://realestaterecord.blogspot.com/200.... Note the part about buying a Lexus and a Chevrolet with the loans. There are tons of people like this who overstretched themselves and are now crying victim (and asking for a bailout). Quote:
State of the responsible American tax payer: 
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2009-06-03 13:25:37 by reza30
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Jdaun Posts: 106 Incept: 2007-07-30
Minneapolis Online
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A backyard waterfall ... now there's some real home improvement.
2009-06-03 13:31:52
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