Don't think this is what WE had in mind...

[Sightseek]

Originally Posted by pgardn

Banks made bad loans.
And banks also made scandalous loans.
The way they hid the rates from many people
was obscene. I think the loan officers were ex-
car dealers.

The banks are not the only ones to blame here. People need to understand what they can afford and they are not entitled to anything. When I was working as a paralegal in real estate (I'm now in corporate bankruptcy...makes you feel all warm and fuzzy about the economy doesn't it?) I processed significantly more files that had no money down than files that had money down. It's absurd how many people stressed the $1,200 they had to bring for closing costs yet they thought buying a house was the right idea for them?

Originally Posted by Sightseek

The banks are not the only ones to blame here. People need to understand what they can afford and they are not entitled to anything. When I was working as a paralegal in real estate (I'm now in corporate bankruptcy...makes you feel all warm and fuzzy about the economy doesn't it?) I processed significantly more files that had no money down than files that had money down. It's absurd how many people stressed the $1,200 they had to bring for closing costs yet they thought buying a house was the right idea for them?

No one said they are.

But either are all of the people that got mortages through Banks.
Some Banks and Mortage companies clearly used deceptive practices.
And you clearly know this if you have been following the debacle.

BTW. Why did you process loans when it was clear people
had reservations about the closing costs (ie would have trouble
making the payments)?
There have been an abundance of loan officers that quit or
blew the whistle on their employer when they noticed the type
of loans going down.

Greedy folks living beyond their means on both sides of this story.

[Sightseek]

Originally Posted by pgardn

No one said they are.

But either are all of the people that got mortages through Banks.
Some Banks and Mortage companies clearly used deceptive practices.
And you clearly know this if you have been following the debacle.

BTW. Why did you process loans when it was clear people
had reservations about the closing costs (ie would have trouble
making the payments)?
There have been an abundance of loan officers that quit or
blew the whistle on their employer when they noticed the type
of loans going down.

Greedy folks living beyond their means on both sides of this story.

I was not a loan processor, I was a paralegal.

Losing good paying jobs is the problem....

But it's not being talked about. What the powers that be are doing is conditioning americans to accept pay cuts AND control their budgets in an economy where inflation is going to ass rape them into oblivion.

With this socialist assholeface in office we're heading down a path of s.hit. F.uck Lyndon Johnson in the ass. And F.uck George Bush in the ass for being a dumbs.hit and enabling these f.ucktards to seize power again. And f.uck minorities and the poor who can work but choose instead to take advantage of the system.

[Sightseek]

Originally Posted by Coach Pants

Losing good paying jobs is the problem....

But it's not being talked about. What the powers that be are doing is conditioning americans to accept pay cuts AND control their budgets in an economy where inflation is going to ass rape them into oblivion.

With this socialist assholeface in office we're heading down a path of s.hit. F.uck Lyndon Johnson in the ass. And F.uck George Bush in the ass for being a dumbs.hit and enabling these f.ucktards to seize power again. And f.uck minorities and the poor who can work but choose instead to take advantage of the system.

a little too much cussing for my taste, but

Originally Posted by Coach Pants

Losing good paying jobs is the problem....

But it's not being talked about. What the powers that be are doing is conditioning americans to accept pay cuts AND control their budgets in an economy where inflation is going to ass rape them into oblivion.

With this socialist assholeface in office we're heading down a path of s.hit. F.uck Lyndon Johnson in the ass. And F.uck George Bush in the ass for being a dumbs.hit and enabling these f.ucktards to seize power again. And f.uck minorities and the poor who can work but choose instead to take advantage of the system.

Good paying jobs like the CEO's who ran with the money?
Fck them in the ass? You cant fck them in the ass. They
ran off with their ass or are hiding their ass behind their lawyers.


What about fck the greedy bastards that made these godawful
financial instruments that contributed to the mess? What about
fck Madoaf in the ass? A significant number of rich greedy people cost this country a heck of a lot more than the poor people sitting on their collective butts.

Good to see Pillow back in the mood.
I was worried.

[Honu]

It seems to me that alot of people are just really stupid , whatever happen if it sounds to good to be true it is. That is pretty much what happened with the housing crisis , people with their heads up their arse who couldnt afford a house because they didnt make enough money and they knew it , are now all of a sudden home owners who refinanced their homes with only 1 to 2 years of ownership and instead of putting it back into their house they went and bought big screen tv's and new cars ( that they cant pay for either) refurnished their homes and so on.
So now because they are dumb shits , I get to help them pay for their house when I dont even own my own house , what a crapper.
I should have just went and lived beyond my means like all the other numbsculls and I could have someone paying for my house now too.

Originally Posted by Honu

It seems to me that alot of people are just really stupid , whatever happen if it sounds to good to be true it is. That is pretty much what happened with the housing crisis , people with their heads up their arse who couldnt afford a house because they didnt make enough money and they knew it , are now all of a sudden home owners who refinanced their homes with only 1 to 2 years of ownership and instead of putting it back into their house they went and bought big screen tv's and new cars ( that they cant pay for either) refurnished their homes and so on.
So now because they are dumb shits , I get to help them pay for their house when I dont even own my own house , what a crapper.
I should have just went and lived beyond my means like all the other numbsculls and I could have someone paying for my house now too.

Yes.
And you are also gonna bail out the CEO's from investment
banks and car companies who also not only made stupid decisions,
but in some cases made criminal decisions. You will pay for their
bonus next year. I hope you enjoy that while working your rear off.
Its more than the poor dumb sh its.