Posted on 12/01/2009 8:05:57 AM PST by DuncanWaring
These people signed a contract and agreed to abide by it but you don't think they should be responsible for any agreements they make. No personal responsibility, screw the man, the system's rigged against them blah, blah blah. It's all populist BS one would expect to hear from the far left, that sees their constituency as victims, but not from someone that considers himself conservative in any way and purports to have some relationship with "truth."
It's sad, really.
I'll bet you're another one who thinks the Fed's money comes from the taxpayer. Next you'll be telling us that the Fed is a cabal of Joooos reaping billions at the expense of hard working Americans. I'll bet you even look at Alan Grayson as a national treasure since he put his ignorance of all things financial on display in front of Bernake. The icing will come when you inform us that you support Barney Frank, Chris Dood, Chuck Schumer and Charlie Rangel managing the money supply instead of the Fed.
Ship of fools.
OMG! Hilarious.
Those darn bankers, taking deposits and loaning out a fraction of them. LOL!
Workers of the world unite. LOL!
Economic illiteracy is sad, especially on a conservative website like FR.
Your reading comprehension skills need reviewing.
Let’s try this again, slower now.
*The banks made a deal, pay the mortgage, OR, they get the house back.*
*They are GETTING the house back, so where is that “walking away from their obligations?*
*SHAME ON YOU for trying to bankrupt American families when it NO LONGER MAKES ECONOMIC SENSE to keep on paying the falsely inflated price for a home they can’t afford ANYMORE.*
SHAME ON YOU.
Of course, you will continue to try to appeal to the honor of homeowners, while the banks and the government that allowed all of this, don’t have ONE DROP OF HONOR.
It appears that Senator Bunning might have put a hold on Bernanke’s reconfirmation.
Good thing the banks don't lose money when they foreclose.
Homeowners with negative equity are walking away for their mortgages in droves even though they are capable of paying. Homeowners have stopped paying their mortgages and are living in the home for free until the bank forces them out. In many cases this can take a year or more. Many of them are trashing the home before they leave so they can stick it to the man. Sound familiar?
No one is intentionally trying to bankrupt American families. Your class warfare rhetoric is comical and only serves to further highlight your ignorance of the subject. In your twisted world, all assets increase in value in a straight line and, if they don't, it is perfectly ethical and moral to walk away for your debt. Nice.
This is not about honor; it's about upholding your end of an agreement when the terms are clear for all to see and you sign on the dotted line. Some people believe in personal responsibility while others think sticking to the man is a good thing and will teach them a lesson. No, it just ends up costing those who work to pay their bills more and proves that not all those who consider themselves conservatives are conservative.
As long as the bank gets the now much more worthless house back,
NO ONE HAS NOT UPHELD THEIR AGREEMENT, THEY HAVE KEPT IT!
Besides, the banks are insolvent, the FDIC is insolvent, and the US Government will be insolvent next year. Ignorance on parade, indeed.
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