patrick.net

CA version:
http://www.keepyourhomecalifornia.org/ - here any bail out money is not handed to the owner, its sent directly to the mortgage servicer. bail outs for the lenders keep on rolling.

This might be the same thing. Just a bail out of financial institutions. Kicking the can down the road.

I almost think the only way you can get ahead in this country is to either be a bankster, or a squatter. Savers get shafted every time.

Saving is evil. If you don't go out to the mall and shop, the terrorists have won!

I'm pretty sure 125% of these people getting the free $ actually are working full time off the books and pay zero income tax on thier income.

(grow houses, construction work, paid under table, etc., etc)

At which point will a critical mass of honest people paying in to the system simply pull out and join the freeloaders? I think we passed it already..... Evidence:Federal deficit spending.

Storm says

does anyone else think this is just an ill-conceived way to bailout the banks and keep thousands of bad mortgages on the books?

Q: Are they offering these bailouts to distressed renters?
A: No

Q: Would bailing out renters help the bank?
A: No

^----the answer lies within

E-man says

That’s the reality whether we like it or not. Therefore, use the system to one’s advantage. Whining and bitching won’t get one anywhere.

So we're not supposed to whine when our govt spends money in ways which we don't agree with? Or maybe you agree with this garbage, and want to pull the preachy-Nomo "you must be unhappy if you are complaining" line.

I was wondering how long it would take Klarek to chime in here.... No mention of deadbeats though. Caught me off guard with that.

E-man says

That’s the reality whether we like it or not. Therefore, use the system to one’s advantage. Whining and bitching won’t get one anywhere.

Guess you forgot to tell that to the Egyptian people.

E-man says

use the system to one’s advantage

Yep, use it until it collapses and turns the screw on the abuser. LOL.

This news story of the free 50k to bailout banks/squatters is crazy.

Its like watching Bernie Madoff in the last 2 years before his ponzi collapsed - he musta done crazy stuff that 'didn't seem to make any sense' if you could have watched..... but of course any price is worth paying to keep your ponzi from blowing up...its not your $ anyway who cares!

APOCALYPSEFUCK says

The United States of Banksters - another hand out to a criminal class.

They are the poster children of America, our leaders and known as "smartest and the brightest".

tatupu70 says

I was wondering how long it would take Klarek to chime in here…. No mention of deadbeats though. Caught me off guard with that.

I'm so flattered you were thinking of me.

This isn't about deadbeats. The fact that you cannot delineate between individuals seeking quick profits while deferring their losses versus a govt looking to pour gas on every fire around is sad.

klarek says

tatupu70 says

I was wondering how long it would take Klarek to chime in here…. No mention of deadbeats though. Caught me off guard with that.

I’m so flattered you were thinking of me.
This isn’t about deadbeats. The fact that you cannot delineate between individuals seeking quick profits while deferring their losses versus a govt looking to pour gas on every fire around is sad.

It's not so much that I couldn't tell the difference--I just assumed that you couldn't. I stand corrected.