Comments on: A New Foreclosure Wave Hits The Jobless

CBS Evening News: People With Traditional Mortgages Who Have Lost Their Jobs Are Now Facing Foreclosure

[torva-2009]

Posted by Hackerpc at 08:29 AM : Nov 29, 2008

You are not paying attention...de-pegging against the dollars has already happened...Chinese Yuan was depeg about two years ago, likewise the so did many of the Persian Gulf national currencies...this happen when oil prices - which is valued in dollars hit the roof. The Euro has never been pegged to the dollars.

Yet commodity prices, especially mineral, oil, metals have don''t risen but rather have fallen in value. And likewise as the recession became global many currencies have now fallen against the U.S. dollar. In fact there is strong evidence showing the U.S. dollar has regained its position as a safe haven currencies.

But of course you''re a NEOLOSER so we shouldn''t expect that you would have the capability of keeping track of what is actually happening in the world, let alone understand it and not distort it!

P.S. shouldn''t you be packing for your GOPer induced exile in DUBAI or the rupture...err rapture!

[wl7bzh]

Posted by WarDogLRS at 01:55 AM : Nov 29, 2008

Has August987 changed his sign in ID again?

[fredflinsto2]

I for one have a back up plan. It is called maxing out my credit cards to get cash advances and then writing it all off in a BK if necessary. I have a 5.25% rate and have always paid my bills and find it incredibly rediculous that people who did not pay their bills and are getting lower rates than mine through modifications. I will not lose my house, if I do, it will be an empty shell and possibly a pile of ashes before I move out.

[ramos937]

There are several factors to blame for this mess - the homeowner who let himself/herself be fooled, the lenders who got greedy and the government for not enforcing existing laws and regulations.

There are some remedial steps that need to be taken immediately: (1) most homeowners cannot either pay or keep up with payments so they are out financially. (2) lender shareholders have to take a big hit. The lenders abandoned good sound lending practices and that is it, (3) The government needs to enact legislation mandating that lenders cannot foreclose until they can legally document the steps they have taken to avoid foreclosure. And these steps have to be substancial.

[shanev137]

Is this really news or a shock to anyone?

Shouldn''t have let the Republicans do whatever they wanted for 8 years.

[perk235]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.
Posted by WarDogLRS at 01:55 AM : Nov 29, 2008
----------------
Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn''t require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.

[wardoglrs]

%u201CWe will have world government whether or not we like it. The only question is whether world government will be achieved by conquest or consent.%u201D
James Paul Warburg (monopoly banker in testimony before the US Senate Committee on Foreign Relations. Warburg was an agent of the Rockefeller-JP Morgan-Rothschild banking bloc and son of Paul Warburg, chief architect of the %u201CFederal Reserve%u201D Corporation, an unconstitutional private bank monopoly set up for cartel hegemony. February 17, 1950)

"Control oil and you control nations; control food and you control the people."
Henry Kissinger (ex U.S. Secretary of State and ongoing agent for the ruling class. Living. Quote 1970)

[wardoglrs]

"Sometimes it is said that man cannot be trusted with the government of himself. Can he, then, be trusted with the government of others? Or have we found angels in the form of kings to govern him? Let history answer this question." Thomas Jefferson: 1st Inaugural, 1801.


Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power which knowledge gives. -James Madison


"Men by their constitutions are naturally divided into two parties: 1. Those who fear and distrust the people, and wish to draw all powers from them into the hands of the higher classes. 2. Those who identify themselves with the people, have confidence in them, cherish and consider them as the most honest and safe, although not the most wise depositary of the public interests. In every country these two parties exist, and in every one where they are free to think, speak, and write, they will declare themselves. Call them, therefore, Liberals and Serviles, Jacobins and Ultras, Whigs and Tories, Republicans and Federalists, Aristocrats and Democrats, or by whatever name you please, they are the same parties still and pursue the same object. The last one of Aristocrats and Democrats is the true one expressing the essence of all." ~ Thomas Jefferson to Henry Lee, 1824. ME 16:73

[wardoglrs]

"Sometimes it is said that man cannot be trusted with the government of himself. Can he, then, be trusted with the government of others? Or have we found angels in the form of kings to govern him? Let history answer this question." Thomas Jefferson: 1st Inaugural, 1801.


Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power which knowledge gives. -James Madison


"Men by their constitutions are naturally divided into two parties: 1. Those who fear and distrust the people, and wish to draw all powers from them into the hands of the higher classes. 2. Those who identify themselves with the people, have confidence in them, cherish and consider them as the most honest and safe, although not the most wise depositary of the public interests. In every country these two parties exist, and in every one where they are free to think, speak, and write, they will declare themselves. Call them, therefore, Liberals and Serviles, Jacobins and Ultras, Whigs and Tories, Republicans and Federalists, Aristocrats and Democrats, or by whatever name you please, they are the same parties still and pursue the same object. The last one of Aristocrats and Democrats is the true one expressing the essence of all." ~ Thomas Jefferson to Henry Lee, 1824. ME 16:73

[wardoglrs]

When all government, domestic and foreign, in little as in great things, shall be drawn to Washington as the center of all power, it will render powerless the checks provided of one government on another, and will become as venal and oppressive as the government from which we separated - Thomas Jefferson

During times of universal deceit, telling the truth becomes a revolutionary act."
George Orwell


"The real rulers in Washington are invisible and exercise power from behind the scenes." -- Supreme Court Justice Felix Frankfurter,1952

Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power which knowledge gives. -James Madison

%u201CThe end of democracy and the defeat of the American Revolution will occur when government falls into the hands of [private cartel] lending institutions and moneyed incorporations.%u201D
President Thomas Jefferson (a founder of America in condemnation of present and future monopoly money power. 1743-1826)

[wardoglrs]

When all government, domestic and foreign, in little as in great things, shall be drawn to Washington as the center of all power, it will render powerless the checks provided of one government on another, and will become as venal and oppressive as the government from which we separated - Thomas Jefferson

During times of universal deceit, telling the truth becomes a revolutionary act."
George Orwell


"The real rulers in Washington are invisible and exercise power from behind the scenes." -- Supreme Court Justice Felix Frankfurter,1952

Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power which knowledge gives. -James Madison

%u201CThe end of democracy and the defeat of the American Revolution will occur when government falls into the hands of [private cartel] lending institutions and moneyed incorporations.%u201D
President Thomas Jefferson (a founder of America in condemnation of present and future monopoly money power. 1743-1826)

[wardoglrs]

%u201CWith the exception only of the period of the gold standard,all governments of history have used their exclusive power to issue money to defraud and plunder the people.%u201D - Friedrich Von Hayek
I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them. Thomas Jefferson

"Paper is poverty,... it is only the ghost of money, and not money itself." Thomas Jefferson to Edward Carrington, 1788


President FDR (on Fascist rule in a letter to corporate con man %u201CColonel%u201D Edward M. House, a founder of the Council on Foreign Relations and political fixer for the ruling class. House also handled President Wilson for the foisting of the privately rigged %u201CFederal Reserve%u201D Corp bank monopoly. 11/21/ 1933)

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Thomas Jefferson, Letter to Treasury Secretary Albert Gallatin (1802)

[wardoglrs]

%u201CWith the exception only of the period of the gold standard,all governments of history have used their exclusive power to issue money to defraud and plunder the people.%u201D - Friedrich Von Hayek
I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them. Thomas Jefferson

"Paper is poverty,... it is only the ghost of money, and not money itself." Thomas Jefferson to Edward Carrington, 1788


President FDR (on Fascist rule in a letter to corporate con man %u201CColonel%u201D Edward M. House, a founder of the Council on Foreign Relations and political fixer for the ruling class. House also handled President Wilson for the foisting of the privately rigged %u201CFederal Reserve%u201D Corp bank monopoly. 11/21/ 1933)

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Thomas Jefferson, Letter to Treasury Secretary Albert Gallatin (1802)

[centerfall94]

Wow. Thanks Bush. Thanks neocons! You''ve REALLY TRASHED THINGS THIS TIME.

Fortunately you''re soon to be OUT OF POWER.

[wardoglrs]

When the last dutiful & humble petition from Congress received no other Answer than declaring us Rebels, and out of the King%u2019s protection, I from that Moment look%u2019d forward to a Revolution & Independence, as the only means of Salvation; and will risque the last Penny of my Fortune, the last Drop of my Blood upon the Issue.
George Mason, October 2, 1778


The sacred rights of mankind are not to be rummaged for, among old parchments, or musty records. They are written, as with a sun beam in the whole volume of human nature, by the hand of the divinity itself; and can never be erased or obscured by mortal power.
Alexander Hamilton, 1775

"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the bread stuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank...You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, will rout you out."- Andrew Jackson

[wardoglrs]

When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature''s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.
Declaration of Independence, July 4, 1776

[wardoglrs]

Dr Paul tried to wake the people of this very danger...
The American is asleep and if they don''t wake up it will be even worse.
Your so called paper money is phooey and counterfeit it has no value that''s why the world is pulling away from lending to America. Listen to your forefathers they have your interest in mind in every way.

Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master... George Washington

As the economist Dr. Stuart Crane was fond of saying, %u201CThings [in the monetary world] don%u2019t just happen to happen. They happen because they were planned to happen.

"None are more hopelessly enslaved than those who falsely believe they are free."
~Johann Wolfgang von Goethe.

[deckardbr]

Not that we haven''t been warned; October 5, 1988, vice presidential debate. Senator Lloyd Bentsen: "You know, if you let me write $200 billion worth of hot checks every year, I could give you an illusion of prosperity, too."

[whitemale08]

I feel so sorry for people who have been duped by junkyard dogs like Sean Hannity and Rush Limbaugh who said that the Bush economy was FANTASTIC,

and when Donald Rumsfield was asked by Congress on war financing in Iraq, he told them: "We have the money and that''s what the money is for...".

Now reality clears away the heavy fog of debt-based prosperity and leaves in its wake the devestation of a Bush/Hannity/Limbaugh-Depression.

It''s sad folks, really sad.

[crazyivan32]

haha losers my home is paid off
Posted by markjessup1 at 11:31 PM : Nov 28, 2008


But apparently you''re morally and socially bankrupt.