Comments on: I was sad because I was forced from my home until I met a man who had lost his stock options

By: TheRealityBasedDave

TheRealityBasedDave — Fri, 11 Apr 2008 17:26:16 +0000

This is the best explanation I’ve seen of the Big Shitpile.
(I forgot where I picked this up, or I’d give kudos)

http://docs.google.com/TeamPre.....pauth=true

This country is being run by plutocrats. The number of politicians that actually care for the commom man can be counted on the fingers of one hand.

By: Ruthie

Ruthie — Fri, 11 Apr 2008 07:26:30 +0000

“My local paper, and probably yours, has been carrying a full page ad featuring a picture of Donald Trump and touting ways to take advantage of foreclosures….”

Saw it. The combover looks like he slapped a dead rodent over the bald spot. Seriously, I didn’t know that if you applied enough “product” to hair, it would be more effective at stopping bullets than Kevlar! Does the DoD know about this?

By: CatStaff

CatStaff — Thu, 10 Apr 2008 22:21:33 +0000

Hey, I’ve got an idea. Since the pluted bloatocrats clearly don’t give a rat’s behind about the little fella, and these days the little fella’s going to take it in the shorts one way or another anyway, what say we just take all of the fat cats with us? Let’s ALL quit paying our bills, take all our money out of the banks, clear out our 401Ks and IRAs (and to hell with the penalties — who cares?), quit going to work — well, you get the idea. Let’s just strike the entire freaking country. I’m getting REAL tired of shoveling shit against the tide for the benefit of these superfatted thugs. Fuck ‘em all sideways with a rusty chainsaw.

By: MarkD

MarkD — Thu, 10 Apr 2008 20:57:34 +0000

So let me get this straight:

Folks filing for bankruptcy can renegotiate the mortgage on their goddamn vacation homes, but not the homes they actually live in.

Home builders get a massive tax break, as do those who buy a foreclosed home as an investment property.

And the Fed will bailout any bank who packaged all those bad loans, knowing they were crap, and lost their asses.

Yet nothing in there actually does a fucking thing for the tens of thousands of folks who just need a lower monthly payment (many only by a few meager percentage points) nor is there any plan or provision to make such assistance available.

Can someone tell my why the holy fucking hell the Democrats even exist — they sure as hell don’t seem to be sticking up for those they say they do.

Yes, I’m pissed. I write financial education articles and do financial consulting, and have seen honest, hard-working, good people get fucked on this whole deal time and again. And all of them are going to get left out in the cold on this deal.

It makes me sick to my stomach.

By: SteveInSacto

SteveInSacto — Thu, 10 Apr 2008 20:52:36 +0000

“…a $7,000 tax credit for people who buy foreclosed properties…”

Terrific. Borrowers losing their homes get no help while the rich vultures circling the foreclosures get a $7,000 tax credit…

By: DoktorWankenstein

DoktorWankenstein — Thu, 10 Apr 2008 20:02:04 +0000

Just heard of this site from NPR —

www.patrick.net

— and here’s the problem. Just because I was crazy enough to buy the dump I call home, doesn’t mean that down the road, someone else will. So I have to upgrade a few things (electrical service panel, kitchen, bath, etc), and need to borrow to pay for said upgrades. The amount I can borrow is limited to an appraisal of my home based on comps in the neighborhood, so it’s in my best interest if other home prices have appreciated. Since my own home’s appreciated along with the rest of the neighborhood, I have to upgrade to keep up with what it’s been appraised for, and believe me, it’s no freakin’ McMansion.

By: tejanarusa

tejanarusa — Thu, 10 Apr 2008 19:57:58 +0000

Yes, well, we all know that our neighbors losing their homes are NOT too big to be allowed to fail./s

By: dstatton

dstatton — Thu, 10 Apr 2008 19:55:16 +0000

My local paper, and probably yours, has been carrying a full page ad featuring a picture of Donald Trump and touting ways to take advantage of foreclosures. They aren’t talking about commercial properties, either.

By: allan

allan — Thu, 10 Apr 2008 19:46:54 +0000

America was built by ~~millionaires~~ billionaires.
We need to keep them happy.
Get over it, DFH.

By: captphealy

captphealy — Thu, 10 Apr 2008 19:27:23 +0000

Meanwhile, Louis Cyphere, a businessman engaged in what he calls “soul arbitrage”, has indicated that he will be embarking on massive acquisitions in the coming years, and promised to hire many of the out-of-work builders to expand his main facility.