Only people speaking the language of known conflict have now become the entire housing military.

Ok, I'll bite. WHAT???

Only people speaking the language of known conflict have now become the entire housing military. -- Lee

I can't follow this at all...?

Lee speaks in tongues.

When he's not tickling tonsils.

That's actually an old Moneywar quote.

Ah Corky, it ain't that long, but thanks just the same.

of course she'd still want to keep the people her husband put in these homes - dang corky!

ff lee:

"Only people speaking the language of known conflict have now become the entire housing military."

bwaaaaaaaaaaaaaaaaaaaaahahahah
a!

Clinton: Keep People in Their Homes

Obama: Keep George in his Hut

Why do libs think that everyone wants a home? There is a class of so-called humans who are perfectly happy in their trailers, crack dens, and bridge decks.

"Or in their husband's business partner's home."
saint "agirlsgottadowhoagirlsgottado
" sarah

There is a class of so-called humans who are perfectly happy in their trailers,

Ahh, the Republican values Voters....

I've now accepted that FWT isn't really a retarded rightwinger, he's just retarded.

FWit Thom seems happy enough under his rock.

Here is how the mortgage rescue plan is supposed to work and it doesn't involve this from Hillary..

Kudlow is pretty smart on this stuff--

Why do libs think that everyone wants a home? There is a class of so-called humans who are perfectly happy in their trailers, crack dens, and bridge decks.

#9 | Posted by fwthom

I'm guessing that people who bought a home and are now threatened with forclosure of that home probably WANTED to buy that home. Logic was never your forte. SpeakOutofYourAss Thom. And of course, you are right. The Thom class of so-called humans prefers to live in trailers, crack dens and bridge decks.

What????
And deny the "Haves and Have mores" the money dumbass is trying soooo desperately to give them?

Kudlow is part of the anti-regulation, market is God crowd problem, not part of the solution.

Murphy,

I have to apologize to you for a comment that I made on a thread yesterday. In the haze of fast-moving posts I mistook you for Vernon. Sorry about that.

I want to know why no one here is complaining about the additional 25 BILLION that is going to the car companies, is that because the UAW is a shrill for the dems and those fat, overpaid autoworkers are the biggest whiniest babies on the planet

From the New Deal, a Way Out of a Mess

By ALAN S. BLINDER
Published: February 24, 2008

Her husband is greatly responsible:

"And maybe along the way we can get a strong King Dollar to fight inflation and attract international investment. And perhaps, just perhaps, we can get more drilling to reduce gas prices at the pump -- a big recovery tonic. And, dare I hope, maybe we even can get corporate tax reform with lower tax rates, which along with energy deregulation will spur jobs and wage growth."

Kudlow doesn't realize yet that everything he is saying is now disproven supply side bull shit.
Strong dollar....by inflating the money supply by 1 trillion??? NOpe
Gas prices lower by drilling....not even when that oil finally goes to market...in ten years. so Nope.
Lower corporate tax rates...so they can benefit more by outsourcing more jobs....nope
Energy deregulation....oh, like more Enrons....double nope.

"I want to know why no one here is complaining about the additional 25 BILLION that is going to the car companies, is that because the UAW is a shrill for the dems and those fat, overpaid autoworkers are the biggest whiniest babies on the planet"

Er...the bankers are whining for 700 Billion + and you are calling the UAW whiners because the car manufacturers who they work for needed a bailout because they offer cars no one wants to buy.
You got to really be drunk on the Kool Aide Hillbilly.

Ah yes, from the mag of "Free Markets and Limited Government", we get the real cause of the problem.

Uh-huh.

I mean, it's not like the last 8 years of government and regulation are evil rhetoric, Wall Street writing it's own legislation in Repube congressional offices, and GOP corporate control had anything to do with it.

CORKY that would be trickle up instead of trickle down. Much less opportunity for fat cats to take their cut. Sounds like a good idea and what they should be discussing instead of this trickle down bailout with our money.

Wanna bet?
Bail the deadbeats out and 75% of them will need it again in 2-3 years.
Pay their whole damn mortgage off for them...GIVE them the freakin house....in three years many will need their land taxes paid before town seizes their land.
House burns down...storm wipes them out?
duh...ya mean we should have had INsurance?

#26

It must have been a difficult childhood for you.

Pay their whole damn mortgage off for them...GIVE them the freakin house....in three years many will need their land taxes paid before town seizes their land.

I am curious how the government will decide who gets help and who doesn't. If you make your mortgage payment on time no matter what you get nothing? If you claim ignorance or hardship and get behind, the house becomes free and clear courtesy of the dems? Isn't this the same government who wrote the guidelines for these failed loans? Did they not want to create a program increasing minority quotas? Just look at a 1003 application and you will notice they keep track of ethnicity (which is only hispanic or latino or not hispanic or latino)Race ( american indian or alaska native, asian, native hawaiian or other pacific islander, white, black or african american.

duh...ya mean we should have had INsurance?

#26 | Posted by kerrin57

Sad but true. Some people do not have the responsiblity required for home ownership - or children - or drivers licenses - or voters registration cards.

Clinton thought otherwise, Bush did nothing to change it. Congress did nothing to change it. Plenty of blame to go around - unfortunately the people who signed the loan papers seem to be getting left blameless.

-the house becomes free and clear courtesy of the dems?

You just make this up as you go along?

Nope...I grew up .

the house becomes free and clear courtesy of the dems?

Uncle Barney wants to be your landlord.

-unfortunately the people who signed the loan papers seem to be getting left blameless.

Right. They only lose their homes.

Goods thing there aren't pop quizzes around here.

-I grew up

Into what? Someone who trashes all those less fortunate than yourself as "deadbeats", apparently.

Bankruptcy laws allow for people to stay in their homes (if they make payments) which is why people usually don't pay anything else except for their mortgage. It will be interesting indeed to see who gets help and who doesn't.

Someone who trashes all those less fortunate than yourself as "deadbeats", apparently.

#34 | Posted by Corky

I prefer the word "irresponsible".

HOLC *became* Freddy and Fanny.

Now Clinton is ginning up the fear along with Bush.

Right. They only lose their homes.

are you saying that is a value to them?

how?

Right. They only lose their homes.

Goods thing there aren't pop quizzes around here.

#33 | Posted by Corky

As well they should if they can't pay their bill. Of course the left never understands the word responsibility. If you can't read the fine print, get glasses. If you can't understand the fine print, ask for a translation. Why the hell is there confusion over the term variable rate or balloon payment?

Corky thinks the owners of the banks are in business just to supply houses. Corky also probably thinks his employer is in business just to provide him a job.

How is a home of value?

Did I mention the fortunate lack of pop quizzes?

corky,

what do you assume to be the equity in these homes these people have?

I don't have any employers, other than all the clients that the business I own has.

You are just more of the capitalism for individuals, socialism for corporations, crowd.

Get lost.

Well, makes sense to me.

Better to keep people living in millions of homes than have more 'Bank Owned' properties getting squatted, gutted and turned into meth labs.

But of course the government is more interested in bailing out risk-seeking speculators so they don't lose their fifth home in the Bahamas.

The sub human species that always wants more from the dems haven't figured out that immigrants come here from everywhere and work together in extended families to buy their house. In one or two generations they are millionaires living in mansions and carrying on the American dream. The slugs that are born here are still slithing along. leaving their trail of goo.

Report is Montana is going ballistic over this. They are not buying it.

--

To spend an hour with her on Wednesday was to understand firsthand why consensus in the Congress is proving hard to come by, and why President Bush felt compelled to address the nation in a prime time effort to sell the administration's $700 billion financial rescue package.

"Absolutely not on the bailout," Studer repeated as she took notes on one call.

"Protest on the bailout, OK," as she took another.

"You are calling to protest -- well you know I have heard a lot of those so let me just get this written down," she says politely to yet another frustrated constituent.

Studer has worked in the office two years now and says she has never experienced anything like the flood of calls in recent days, and not a one in support of the package.

"I got one, '[I'll] think about it,' " she told us.

Montana's two senators report similar calls, e-mails, faxes and in some cases walk-in complaints from constituents who don't trust what they are hearing from Washington, and increasingly worry they will get stuck with the bill but not share in any economic benefits.

Are these the folk McCain calls "fundamentals" and his pal Lady Rothschild refers to as "rednecks"?

I don't have any employers, other than all the clients that the business I own has.

Corky's employer is Hillary.

cash is a little slow these days.

corky,

what do you assume to be the equity in these homes these people have?

Corky, I repeated the question to make my point. people defaulting on mortgages are mostly in a home they have no equity in anyway.....they never did....which is why the loans never should have happened. (exceptions of course but we are in this mess because of people being granted mortgages that didn't have any equity to put down).

what value is the home to them anyway? Other than the physical roof over their head.....none....no value at all.

they can pack up and rent the empty house across the street.

you are right about one thing though....good thing there is no pop quiz.

Heh,heh, when is she going to announce that she kicked joe blow biden in the nuts, and will be taking his place next to nobama? You can read the libs like a book, thro biden under the bus, tell America he twisted his left nut, and has to stand down, let the queen marxist bitch take his place.If she does'nt get the rightwing off their asses to vote the mentally twisted duo from taking office, then good luck to hillary/nobama.

McCain/Palen 08
Palen/Kasich 2012

I know Jesus and obama ain't no messiah!

I'm guessing that people who bought a home and are now threatened with forclosure of that home probably WANTED to buy that home.

#14 | Posted by geezer1 at 2008-09-25 03:58 PM | Reply

And I guess you are as stupid as ever. There are plenty of people who have a rental mentality and live one month to the next.

When they could get a mortgage cheaper than their rent, they took it. When they could not make the note, they abandoned the house -- just like they would bail out of a rental.

Or perhaps you are speaking of people in Florida who were just gaming the market; buying a condo just to flip it in a few months and make a big profit? These are the people you want to bail out with taxpayer money?

No bailout for Wall Street fat cats, but a big bailout for real estate speculators.

Of course, logic was never your strong suit.

I don't have any employers, other than all the clients that the business I own has.

Posted by Corky

And you better be paying your fair share in taxes, if you want to be patriotic.

Murphy, re the Kudlow article you posted (#13) -- he lost me with the first paragraph:

Honestly. A clean bill as requested by Treasury man Henry Paulson, along with John McCain's oversight board, can help fix the credit-crunch problem.

This would be the same Hank Paulson who was assuring everyone a few months ago that the mortgage crisis needn't worry anyone, and the same McCain who has confessed that he knows little about the economy.

We're supposed to write them a $7B blank check? No way, no how.

As well they should if they can't pay their bill. Of course the left never understands the word responsibility. If you can't read the fine print, get glasses. If you can't understand the fine print, ask for a translation. Why the hell is there confusion over the term variable rate or balloon payment? -- El Cide

Why do you assume that only poor people are losing homes? This is from a Forbes article I posted last weekend:

The crisis on Wall Street is shrinking net worths and erasing nest eggs. Next on the block: multimillion-dollar homes.

In some of America's wealthiest spots, that's already happening. According to RealtyTrac, an Irvine, Calif.-based listing firm that tracks foreclosures and provided the data here, several of the country's wealthiest ZIP codes--where year-to-date median home sales are above $700,000--have reported foreclosures into the triple digits. They include La Jolla, Calif.; Miami Beach; and Carlsbad, Calif.

In Carlsbad, for example, there are 302 homes in foreclosure. The wealthy beach town--the median home sale price is $710,000--has suffered from overvaluation and risky financing...

#52: $7B should be $700B.

I think it is just so sweet that Hil has grown a heart...

(Whitewater) they signed a simple purchase agreement. But this was no ordinary real estate contract. The small print at the bottom read: "In the event the default continues for 30 days payments made by the purchaser shall be considered as rent for the use of the premises." In other words, the buyers did not actually take ownership of their property until the final payment was made. If a buyer missed just one monthly payment, all their previous payments would be classified as rent and they would have no equity in the land at all.

This sort of contract was illegal in many other states, because it was considered exploitative of the poor and uneducated!' One look at the experience of those who bought into Whitewater and you can see why.

Clyde Soapes was a grain-elevator operator from Texas who heard about the lots in early 1980 and jumped at the chance to invest. He put $3,000 down and began making payments of $244.69 per month. He made thirty-five payments in alltotaling $11,564.15, just short of the $14,000 price for the lot. Then he suddenly fell ill with diabetes and missed a payment, then two. The Clintons informed him that he had lost the land and all of his money. There was no court proceeding or compensation. Months later they resold his property to a couple from Nevada for $16,500. After they too missed a payment, the Clintons resold it yet again.

Soapes and the couple from Nevada were not alone. More than half of the people who bought lots in Whitewaterteachers, farmers, laborers, and retireesmade payments, missed one or two, and then lost their land without getting a dime of their equity back. According to Whitewater records, at least sixteen different buyers paid more than $50,000 and never received a property deed. The Clintons continued this approach up until the 1992 election, when they tried to quietly get out of the investment.

Bill blaming Democrats for "resisting any efforts by Republicans in the Congress or by me [Clinton] when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac":

Bill knows media is covering and trying desperately to divert blame from Fannie, Freddie, and all their beneficiaries...he also knows that the truth will come out eventually. CYA Legacy...

"I want to know why no one here is complaining about the additional 25 BILLION that is going to the car companies, is that because the UAW is a shrill for the dems and those fat, overpaid autoworkers are the biggest whiniest babies on the planet"

Er...the bankers are whining for 700 Billion + and you are calling the UAW whiners because the car manufacturers who they work for needed a bailout because they offer cars no one wants to buy.
You got to really be drunk on the Kool Aide Hillbilly.

#22 | Posted by danni at 2008-09-25 04:15 PM |

and I want to know why people arent compaining about the suppoesed large amount of money going to acorn........dont they feed the obama campaign???????

so IF THATS TRUE< then doesnt that mean that I am going to contribute to his campaign de facto whatever????????????

NOW dont get me wrong...

acorn may be a great thing for citizens in that bracket and all.

but isnt that too much of a political group for obama to be getting a ton of money

OOPS>..........I guess you could say the same thing about mae and mac since DODD AND CLINTON AND OBAMA ARE IN THE TOP FIVE OF PEOPLE BEING GIVEN MONEY BY THEM.................hhhhhhhhh
hhmmmmmmmmm

and almost everytime he opens his mouth lately you can almost hear it ...

lose obama and the old guy gets in the white house and hillary will win in 2012 and I can get my white house pussy back..............