Comments on: Foreclosures Jump 79 Percent In 2007
More Expected In Coming Months; Nevada, California, Michigan, Ohio And Florida Top List
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- omega & whatithink
Good points. As a privately-held company, shouldn''t a lender be able to decide who is credit-worthy & who isn''t--aren''t they the ones being exposed?
I just advocate a little personal responsibility. If I signed an ARM for a house I normally couldn''t afford & 5 years later my payment went up I wouldn''t blame anyone but myself. - Reply to this comment
- There is an answer IMPEACH make leave office in total shame. He''s either a idiot or evil or both and brought the greatest country in the world to it''s knees. But lame congressmen and women think they might want to be president someday and do nothing. No he didn''t{as far as I know} mess with any ladies while in office he just screwed the american people. I say again congress get of your sorry *sses and IMPEACH you have the grounds.
- Reply to this comment
- I have read these posts and I have to say, what happened to saving money? I just bought my first home and I spent the past year saving for the down payment, and putting 3 months of mortgage payments aside for a rainy day. My partner and I skipped going to the movies and buying new electronics(house or HDTV, hmmm which one wins). I learned to save by watching my parents. It is not the government''s fault or the banks fault, it is the consumer''s fault for not being responsible with their money. People are losing the home they purchased, but it isn''t their home until the mortgage is paid off any way. On the bright side, the rental market should be picking up.
- Reply to this comment
- As I''ve posted repeatedly: Usury is a sin. Only when an economic system based upon true spiritual values is established and adhered to will this despair end. Stop using credit, pay cash or do without. It couldn''t be any simpler than that.
- Reply to this comment
- If there''s anything amusing about America''s ongoing economic collapse it''s the neocons utter denial of it, or transfer of blame to someone else.
And yet if the President were a Democrat their eyes would suddenly open, and suddenly the Presidents economic policies would indeed be responsible for our economic condition.
And his inhumane policies would indeed be responsible for our inhumanity.
ST
"I writhed in anguish for years. Always knowing pain was coming, but never knowing what I should attempt to say next, or how I should appear so that my American torturers would believe me.
The problem was that I was innocent."
SearingTruth
"Law without justice is simply tyranny."
SearingTruth
A Future of the Brave - www.searingtruth.com - Reply to this comment
- omega39,
Exactly! - Reply to this comment
- omega39,
Didn''''t you get the memo...bashing a sitting president is unpatriotic as of 2001!
Posted by whatithink
Whatithink, was that the one printed over the signature line on the last $300 tax rebate check? - Reply to this comment
- Should the government enact legislation that forces people to only buy homes they can afford? Where does it stop?
Posted by easeup
Should we allow the lenders to do no document loans? Should we allow the banks in turn to bundle those questionable loans with prime ones and sell them to investors? There is plenty of blame to go around. Bush gets his because he has a looooong history of appointing people to head regulatory agencies that have previously lobbied against those very agencies. - Reply to this comment
- easeup,
There were many of us complaining when it was a record levels. If the government has no responsibility to protect us from ourselves then they should just legalize all forms of drugs, stop all these silly traffic laws and things like that. You can even say the latter is not only protecting us from ourself but also protecting us from hurting others...well foreclosures also not only hurts those who are being foreclosed but it hurts the entire community. - Reply to this comment
- pierce
The topic here is greed & stupidity. I remember all the people flipping houses, building spec homes, driving the market up--where does the government step in & regulate? - Reply to this comment
- omega39,
Didn''t you get the memo...bashing a sitting president is unpatriotic as of 2001! - Reply to this comment
- "ST--Anything but the same irrelevant cut/pastes? Anything? Hello?"
easeup
Nope.
Just the same old American stuff.
Like always.
You know us pesky Americans. Always going on and on about justice, and freedom, and humanity, and truth, and the Constitution, and all that other anti-fascist stuff.
Ain''t we awful?
ST
"Accusation was conviction, and justice an abominable crime."
SearingTruth
"Justice is simple. Beware of those who declare it is not."
SearingTruth
A Future of the Brave - www.searingtruth.com - Reply to this comment
- whatithink
I don''t remember anyone complaining when it was at record levels. I just can''t get past people who think the government has the responsibility to protect people from themselves. Should the government enact legislation that forces people to only buy homes they can afford? Where does it stop? - Reply to this comment
- Man that Bush is pure EVIL!!!!
Posted by easeup
LOL!! too funny....for the last seven years we have been hearing from the right about Clinton''s recession and Clinton''s "bubble". Now, all of a sudden, the president is powerless. - Reply to this comment
- ST--Anything but the same irrelevant cut/pastes? Anything? Hello?
- Reply to this comment
- easeup,
The government/fed = the coca and poppy farmers
The lenders = the drug dealers
The mortgage buyers = the drug users
The government and the fed created the environment for this to happen. They saw it happening. They had the power to stop it before it became the mess it is today. - Reply to this comment
- easeup...the topic is the economy...it''s tanking due to division and derision among the ranks of the common man. We, the less than "Have" and the "Have Mores" need to find solidarity in resolve to this situation.
- Reply to this comment
- Homes in Utah are going for a whopping $299,900 and if the rest of the country is like that, then, small wonder foreclosures are up. This is the legacy of the sub-prime loan mess as well. Home prices have to fall. There''s no real choice.
- Reply to this comment
- "ST He created the conditions for it HOW? ..."
easeup
By removing regulations from corporations and businesses that forbid unethical action. By failing to insist that Americans be paid a living wage. By failing to insist on fair trade instead of free trade. By failing to demand that corporations who do business in America use a fair portion of American labor and are fairly taxed, and that they adhere to common standards of human decency and human rights.
And by failing to implement a ten year economic disengagement plan from China and our other enemies, and failing to buy our nation back from them, which would have reclaimed millions of lost American jobs.
And by abandoning our Constitution and the rule of law it embraces, and committing uncounted atrocities in our name.
ST
"If only we could once again stand as a nation and unequivocally proclaim that torture and murder is wrong."
SearingTruth
A Future of the Brave - www.searingtruth.com - Reply to this comment
- pierce & shane
You are off-topic. Explain to me why Bush is directly responsible for the foreclosure rate. I''ve made my case that irresponsible lenders & morons buying too much house and not reading mortgage agreements are at fault. - Reply to this comment
