…I am here to tell you, from first-hand experience, the problem is not homeowners who are unwilling or unable to make payments, the problem is the banks giving homeowners the run around. They don’t call back, they lie, they give you bad information, they make promises they can’t back or won’t back up, and one hand is not talking to the other. I believe this is all by design, with one intent: soak the debtor and the government for every dollar they can.
Now. I actually agree with the independent banking analyst quoted in the article. Foreclosure and/or short sale is the free market answer. But…the banks have to stop jerking people around.
…do you remember the absolute fit the left threw over President Bush’s use of recess appointments? Hypocrites, the whole lot.
…if you’re interested in being an admin in the forum, let me know. You’ll need to register again with Combat Effective. Click on “Battle Rhythm” above!
Krugman writes the program is solvent and that the money is in a special fund. I’ve heard and read that’s not true; that the special fund is IOUs…from the government. So, in reality…it’s broke.
…what do you think? Is that a reasonable sentence for 9 attempted murder “attempts”?
…if these debt collectors would seek to renegotiate these loans they are purchasing at an EXTRAORDINARY discount, they’d reap at least two types of rewards. First, they’d make a huge return on investment. Second, they’d be doing the right thing.
Instead, they call up the homeowner and demand payment in full, settling for perhaps thousands of dollars. If they’d be “f***ing human,” to quote Jon Stewart, they’d probably be able to recoup tens of thousands.
…that is, wasted space. Nevada, if you reelect this guy, I am done with you. Seriously. I will change my state of residence and pay taxes to another state. And I hate taxes. That’s how much you will suck if you keep this guy in office.
…there are reports the Saudi’s have already given Israel the greenlight to transit their airspace (source to follow, it’s in the public domain, just have to find it again. It’s in the entire region’s interest to stop a nuclear Iran.
