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| | From:  WWIIWarrior (Original Message) | Sent: 12/2/2008 1:09 AM |
Part of the OP, came from a WW2 Movie in 1959... I have found ths so very hard to believe, that we ae talking about Large Lending Institutions, that are now in the past or getting Bailed out, along with a crooked Government that allowed the Rules to be bent in such as way. that you could buy a Million dollar house for nothing down a few years ago, and you could get a house by paying Interest only... They also had a few more tools to use that should have never been brought into play... They were even allowed to sell your mortgage in a package along with a few thousand more to sell to some unsuspecking sucker, here in the States and overseas, and the home owner really never knew who the person is that is holding his Mortgage... The suckers that took the bait are in the Minority, that has joined in wtih them to cause all of the problems that we the Majority are indeed deep pucky... We still have a very long way to go to getting through this... We can thank the very few that has caused most of these problems that we are having today, that led to a recession... WWIIwarrior |
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PP yp That is a very pretty picture... Yes, it is going to get worse, especially since the Hedge funds is also taking a small beating and we still have the Credit Card problems facing us very soon... I predict that the Foreclosure problem will be with us until 2012... WWII |
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That's the East River, Warrior. Boiling, black, brooding, so murky you can't see more than a foot into its oil depths, and God knows how deep, or what lurk on the bottom. Many a rival gangster, bootlegger etc, ended up there. Jimmy Hoffa might be down there for all we know. |
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I saw a very strange ad on TV Sunday. It said you could buy a foreclosed house for a few hundred dollars -- less a thousand dollars. Do you all know anything about that? |
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I wonder how many of these could be purchased with the pocket change of some of the thieves who got bonuses for bringing on the depression. (Actually, it just sounds like a scam to get you to pay for information about sales.) |
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I gotta get my two cents in here !!
I say absolutely no bail outs of any kind. Our great (yes great) country was not built on bailouts but on many hard working and smart people. Now for my 2 cents....It is not all the rules/government stuff -- remember there were/are lots of people who took advantage of those loans. Were they "smart"?
oc...time that a lot of us stop expecting government to do most everything for us.... |
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and....oh Pikes, thanks for the great pic...
oc.. |
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I saw a very strange ad on TV Sunday. It said you could buy a foreclosed house for a few hundred dollars -- less a thousand dollars. Do you all know anything about that? Yes. Like a tax auction. You cure the taxes, or fraction of the loan, and acquire ownership of the seized property. However, there is a period during which the owner can cure it, in which case they get their property back, and you lose your investment. I understand that only idiots walk away without a serious attempt to make a cure, realizing what's at stake. |
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oc, when I took that picture last summer, Manhattan was under a tornado warning! Can you tell? The sky made East River look positively ominous. But to see it in motion was more so, because all along that dock, the water silently boiled. Really creepy. |
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On my way back to Lincoln Center, the sky opened and that was the big rain in which I had no umbrella. Didn't care, because the rain was warm, and that's something we don't have in CO. On the way back, is when I saw the unfortunate woman huddled in a doorway, around the corner from Trump Tower, trying to stay dry, that has bothered me so badly. |
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Re Message #9. I was wondering what the drawback was. Why do you lose your investment? Taxes are paid by both you and the owner, and the state keeps both tax payments? |
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...unfortunate homeless woman... |
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I never did this, Belle, but my parents did and got burned a couple of times. There is a period when after you pay the taxes, the owner can cure it and reclaim it, and you lose your investment as something like earnest money. If I understand correctly, that is how the middleman makes his money. |
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Just the last few days there have been radio ads trying to lure the impoverished elderly into "Golden Age reverse mortgages" which they will "never have to repay" and which will allow them to afford the increasing costs of living without imposing on their children. I'm sure this is appealing to people who are happy they won't have to sell the farm so they can pass it on to another generation. Damn, hasn't anyone read about how Joseph managed for Pharoah to end up owning all the farmland in Egypt and putting his subjects into perpetual servitude sharecropping the Nile delta? Why isn't anyone calling for hanging the preachers who've convinced their flocks that the Bible is about mysticism rather than practical knowledge? |
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| | | From: Lodi-_ | Sent: 12/2/2008 2:53 PM |
Hello WWIIWarrior, I can only say that I agree with every word you typed. This government is so darn cooked, tight and they seem to be only for the elite people of the U.S. I think you would have to fill out an application to own a home and one of the questions is how much do you make a year. If you're not one of the rich people, they would probably think that if you can't bring home as much money as a rich person, then to heck with you. They'd rather give it to an elite person. They should remember that the middle class is a lot bigger than they are. But according to this govt., if you're not rich then you're a nobody. Sometimes I just don't get it, or understand it, because I always thought if you're the president of the United States that you take care of America and Americans first, no matter how much money they have. It sure looks like I'm wrong on that one. Now my thoughts have changed and I don't know if I'll ever think of America as the great country again. My pride for this country has really gone down the drain, because of what they can get away with. I hope someone will make me think twice about it. |
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PP I was wondering what River that was, but after reading what you said about the picture, is it quite possible that this river can catch on fire like the one in Ohio a few years ago?  WWII |
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