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This Will Blow Your Socks Off. Even If You Are Caught Up On Mortgage Payments Misplaced??? Tea Party Humble Pie.


               
2010 Oct 17, 2:02am   13,130 views  67 comments

by GaryA   follow (0)  

Well, it turns out that even if you are caught up on your mortgage, you may be paying to people who don't even own your note. Will you continue to have clear ownership when your house is paid for? Turns out you Tea Party types who think you are so much better than the guys behind on their mortgages may not even be paying to the note holders. Tea Party leadership loves banksters (not talking about Denninger, etc.) But no one should love the banksters when your payments are being paid to thieves.

If you were thinking about walking away from your mortgage this idea of paying your mortgage to people who have no clue where your note is may motivate you to stop paying your mortgage. This isn't any sort of advice, but you know, the government wants us to shop! :)

#housing

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41   PolishKnight   2010 Oct 20, 4:05am  

Love bombs versus Sour Balls.

Vicente, I'm stunned. Let's see here. You put up a strawman leftist cartoon and then follow it up with a comment I made (I'm flattered.) Then you try to address my observation that you're not drawing people to your cause with honey by saying that they're only a little stupid (as if that should be ok with them) and, hey, it's the "finance" issue that should make them change their mind!

Then you conclude by comparing them to the Soviets, you know, socialists hoping they don't notice that George Soros got his start by helping to throw out Jews in the street for the Nazis.

That's a basic summation of your position. (No cute cartoon though.)

In the meantime, good luck with your tirades against "the rich" while you worship those same rich when they're contributing to the cause while stuffing their pockets with corporate welfare or flying around in jets proclaiming the evils of "global warming" or "climate change."

Hahahaha!

Here's something important to keep in mind: This is YOUR church you're asking ME and others to join. Not the other way around. I'm not demanding you foot the bill for my cause since I favor limited government. It's ironic that if you get stuck paying for Iraq wars and bankers bailouts, it's because of big government you were cheerleading to feel important. Good luck with that.

I'm reminded of the time I was on the train in Philly about 20 years ago. I remember it like it was yesterday. I had on a softball jersey from a work softball game and two hot girls began to talk to me. I was immediately skeptical but... didn't chase them away. They wanted to convert me to... radical Christianity and invited me to their picnic that weekend. I didn't have anything better to do so I agreed. I did worry they might kidnap me and maybe try to feed me gruel or something so I told my landlady where I was going.

I needn't have worried. They did a "love bomb." As a sinner, I was warmly welcomed and loved and they were asking for personal things to talk about. I accomodated (don't have any secrets) and later they tried to use these to shame me into staying. The girls were kind of like bait. I laughed it off and left. It was a fascinating day.

The problem with leftism, really, is that it's so... gay. Literally. At least the beatnick chicks of the 1950's could tempt guys like me into hanging out with them.

You aren't changing my mind bucko and you are probably not half as great looking as those wierd religious chicks. Keep trying though. Love it!

42   PolishKnight   2010 Oct 20, 4:36am  

"Oh there’s more where that came from:"

And this lady was a tea partier? She wasn't a plant? Why would someone crudely write something like to make their cause look popular? Notice that she's alone and NOT surrounded by other protestors perhaps because they would have ejected her.

Actually, one of the hilarious examples of a plant meant to discredit a movement turning out to be an honored member of it is the holiday of "kwanzaa" where an FBI plant for the black panthers invented an alternative socialist holiday to Christmas.

Did you celebrate Kwanzaa last year? :-)

In the meantime, I remember a protest held by feminists in DC where for "reproductive rights" and they wrote T-shirts that said "this is what a feminist looks like!"

Yikes! They should NOT have worn that shirt!

Those weren't plants. These were actual butch lesbians such as Rosie O'Donnel going out to show how "pretty" feminists could be.

The Washington Post buried their photos in the back of the A-section.

Sorry, I don't buy it. But do keep it up though because it clearly makes you feel "smart" and superior even if you know it's a scam. That's what a religion is all about! Repent before the earth warms! Imhotep forever!

43   Vicente   2010 Oct 20, 4:38am  

PolishKnight says

That’s a basic summation of your position.

My post had 101 words and seemed succinct, counting the link as 1 word.

Your "summation" alone was 124 words, and put words in my mouth to boot.

After that you wander off into Jews and Nazi's and I lose interest.

44   Vicente   2010 Oct 20, 4:49am  

PolishKnight says

Why would someone crudely write something like to make their cause look popular?

Indeed, why?

45   PolishKnight   2010 Oct 20, 4:57am  

Vicente, I referred to a cartoon which cannot be counted as a "word".

Learn the difference between drawings and words.

The reference to the leftist billionaire capitalist George Soros making money off of collaborating with the Nazis is quite relevent to your claim that the financing of the tea partiers should somehow discredit the whole movement and comparisons to the former Soviet Union.

Yep, the left was made up of a former KKK member (Robert Byrd) and a nazi collaborator and you have the nerve to try to engage in a (lame) bluster about the tea party financing. Yeah, I know, ABC, CBS, and of course the NYT all got the "memo" and are making this a Democrat (and Al Quaeda :-) talking point, but the only probem with this strategy is that nobody, not even you, watches or reads those rags. :-) Nice try though.

46   Vicente   2010 Oct 20, 5:00am  

PolishKnight says

Vicente, I referred to a cartoon which cannot be counted as a “word”.
Learn the difference between drawings and words.
The reference to the leftist billionaire capitalist George Soros making money off of collaborating with the Nazis is quite relevent to your claim that the financing of the tea partiers should somehow discredit the whole movement and comparisons to the former Soviet Union.

I know the Glenn Beck followers believe that George Soros and the Nazis and Jews or something run the Democratic Party. But they do not. In any case, George Soros did not contribute this year to political process and even when he did it was done publicly. Not through front organizations that make every effort to hide their actual source.

Yep, the left was made up of a former KKK member (Robert Byrd) and a nazi collaborator and you have the nerve to try to engage in a (lame) bluster about the tea party financing. Yeah, I know, ABC, CBS, and of course the NYT all got the “memo” and are making this a Democrat (and Al Quaeda -) talking point, but the only probem with this strategy is that nobody, not even you, watches or reads those rags. -) Nice try though.

Time to check your meds and your facts. Robert Byrd has been dead since June so I don't see current relevance.

47   PolishKnight   2010 Oct 20, 5:03am  

"Indeed, why?" [picture of woman with socialism spelled wrong]

How about we put up pictures of the Discovery channel shooter being taken out by the police after killing people for a leftist environmental agenda and ask Al Gore about it?

Oh, wait, that's different. He wasn't a plant! :-)

Seriously, this is so crude Vicente. Let's guess how this woman's photo got there: She came in as a plant, got her butch lesbian girlfriend ready with the camera, and then flashed the sign while talking to a genuine tea partier. Then after hearing the flash, put the sign back down, smiled, and walked off and posted it online. Heck, she may not even be at a tea party rally. She may have gone to the (sparsely populated) leftist rally a month back and flashed the sign there.

That's ok though. Such desperate measures on your part, and theirs, shows you take the tea party seriously enough to try to discredit it. Good luck with that health care package getting those pro-obama voters out next week! :-)

48   PolishKnight   2010 Oct 20, 5:14am  

Vicente, if the tea party's funding is illegal, prove it. It's as simple as that. The accused can just hire the same lawyer Bill Clinton did when he had to cover up all the Chinese and Indonesian funding he slushed around. :-) You didn't abandon leftism because of it's shady origins, so why should tea partiers really care whether a billionaire donated money to their cause, upfront or not?

Regarding what you "know" that Glenn Beck's "followers" believe. Good luck with that. Don't you know that sky is falling because of global warming and you should drive around town in your car preaching that cars are evil! Repent, right wingers! Repent! :-)

"Time to check your meds and your facts. Robert Byrd has been dead since June so I don’t see current relevance."

That's why I said "the left was made up". "was" is a word of the past tense. Robert Byrd didn't die that long ago so your hysteria over this issue is disingenuous. If the tables were turned, you'd dismiss or ignore it. We BOTH know this. WHO CARES?

In fact, much of your whole talking points is stuff only the salad tosser faithful in your region prattle on about. It's dogma about as relevent to people outside of your faith as Catholics who argue about what to eat on lent or not make a difference in converting others.

49   Vicente   2010 Oct 20, 5:16am  

PolishKnight says

Let’s guess how this woman’s photo got there: She came in as a plant, got her butch lesbian girlfriend ready with the camera, and then flashed the sign while talking to a genuine tea partier.

Yes, we spend our time planting idiots in the Tea Party crowd, because plainly they do not have any homegrown.

It's from the Teabonics set:

http://www.flickr.com/photos/pargon/sets/72157623594187379/

You caught me, plainly these were all staged. At Area 51 to boot, where we keep Hitler's brain and the UFOs.

50   PolishKnight   2010 Oct 20, 5:19am  

Here's some funny examples of leftist plants being chased away by tea partiers.

http://gatewaypundit.firstthings.com/2010/04/racist-leftist-infiltrators-driven-from-tea-party-rallies-video/

This is the same kind of tactics used by the Soviets both in and outside of the former Soviet Union (you mentioned the Soviets!) Discredit people by calling them "crazy" (send them to a horrid mental institution) or put in plants in their protests to discredit them. Then again, the FBI also did this with "Kwaanza" as I pointed out above. Hilarious you actually BOUGHT it!

Happy Kwaanza! I prefer Festivus myself! :-)

52   PolishKnight   2010 Oct 20, 5:46am  

So let's see how your logic works. When I make a claim as to someone's political tendecies, you say it's merely "alleged" but pictures of a woman with a sign up at some undisclosed location and time must be a tea party rallier.

OK. Got it.

Come to think of it, since you guys like playing these games so much and I live near DC, I should crash one of your rallies and have some fun. Like get my wife and I with signs that say: "Death to America! Shariah law for all!" and "Heterosexuality is a disease! Proud to be gay!" and casually throw up the sign next to some leftist with her "Give peace a chance sign" while talking to her so she doesn't notice and snapping off a shot.

Then just go off, re-enter another section of the crowd, and do it again. And again.

Naw. Who'd care? Either way?

Do keep trying though. It might convince one "naive" voter to change his mind. Maybe.

53   Vicente   2010 Oct 20, 5:48am  

PolishKnight,

I fully support you in your plan to "embarrass the left" by pretending to be one at rallies.

Love to see your photos!

54   PolishKnight   2010 Oct 20, 6:09am  

Thanks!

At the main tea party rally last year, I had a sign with two sides in Polish and Russian:

"Socialism to nie jest zdrowiej!" hoping to get on Russia Today. Sadly, I didn't see their newsvan. :-(

55   GaryA   2010 Oct 20, 6:15am  

PolishKnight says

So Vincente, a picture of a single person holding a button is proof that a majority of tea partiers “gave” themselves that name?
Howz your buddy Ted Kaczinski doing? Has he helped Al Gore stop global warming yet? (Granted, he is better dressed than most tossed salad eating environmentalists…)

Polish, get a brain. The St Louis Tea Party called itself that. Go to the website. Read what Hennessy said. BTW, there is quite a division in the Tea Party. There are some of the original ones, like Denninger, who says that this foreclosuregate issue is one of a rule of law. So, I would agree. Denninger knows that the Tea Party has been taken over by the Tea Party express, ie. Palin and Beck. I don't hear them talking about the rule of law.

If you want to understand finance, listen to Denninger, not the riff raff called Tea Party.

56   PolishKnight   2010 Oct 20, 6:39am  

"Polish, get a brain."

When I was growing up, homophobia was common even in many cities. It was countered, successfully, by an informal leftist campaign that claimed that men obsessed with gays probably was just 'projecting' his own fears about being gay. Heterosexual men largely agreed they had a point. If you freaked out because a man was sitting too close next to you, then you really had to question your own security in your sexual identity.

I notice that leftists are obsessed with accusing their opponents of being idiots or stupid or manipulated or a "pawn" of foxnews, etc. In the meantime, their views are about as homogenous (pun intended considering the above) as churchgoers reading from the weekly gospel.

Did it ever occur to you that maybe you're just projecting your own fears onto conservatives? That others might think you're "stupid" or not "cool" or thinking for yourself after just spouting off the usual DNC talking points? That you feel worried people will call you stupid if you don't say what they want to hear? Certainly, you know that's what happens when someone disagree with you!

Quite frankly, I think I'm smart. I don't think I'm VERY smart (otherwise, I would be at Bildeberg :-) but I'm happy with who I am. I don't feel a need to remind others of their stupidity to think I'm smart. Sometimes I say stupid things. I live with it.

Gentlemen, I disagree with your agenda because I don't see anything in it for me. It's as simple as that. I don't need any T-shirts, or leather jackets or the Fonz going "eeeh! You're cool! Eeeeh!" I grew out of that WAAAAY back in high school.

Socialism has some great ideas. I'll admit it. Unfortunately, the fact that it's racist and sexist against me (both as a white, male, and heterosexual) makes this a bit of a no-brainer. It's the same reason why wife is anti-socialist. After 4 million of her fellow Ukrainians were killed by the utopia followers, and her father as a small child had to dodge bullets to forage for food, she's not going to convert just so you'll stop calling her "stupid." There's worse things than being called "stupid."

When you REALLY start scapegoating the rich, and not just the rich that disagree with you while giving Herr Soros a free pass, let me know. Until then, you're asking me to drink YOUR cool aid. Move into a nice, "diverse" inner city, give up your car and most of your electrical appliances, give your money to welfare mothers, and walk the walk. I keep my religion in church!

57   GaryA   2010 Oct 20, 7:17am  

PolishKnight says

“Polish, get a brain.”
When I was growing up, homophobia was common even in many cities. It was countered, successfully, by an informal leftist campaign that claimed that men obsessed with gays probably was just ‘projecting’ his own fears about being gay. Heterosexual men largely agreed they had a point. If you freaked out because a man was sitting too close next to you, then you really had to question your own security in your sexual identity.
I notice that leftists are obsessed with accusing their opponents of being idiots or stupid or manipulated or a “pawn” of foxnews, etc. In the meantime, their views are about as homogenous (pun intended considering the above) as churchgoers reading from the weekly gospel.
Did it ever occur to you that maybe you’re just projecting your own fears onto conservatives? That others might think you’re “stupid” or not “cool” or thinking for yourself after just spouting off the usual DNC talking points? That you feel worried people will call you stupid if you don’t say what they want to hear? Certainly, you know that’s what happens when someone disagree with you!
Quite frankly, I think I’m smart. I don’t think I’m VERY smart (otherwise, I would be at Bildeberg -) but I’m happy with who I am. I don’t feel a need to remind others of their stupidity to think I’m smart. Sometimes I say stupid things. I live with it.
Gentlemen, I disagree with your agenda because I don’t see anything in it for me. It’s as simple as that. I don’t need any T-shirts, or leather jackets or the Fonz going “eeeh! You’re cool! Eeeeh!” I grew out of that WAAAAY back in high school.
Socialism has some great ideas. I’ll admit it. Unfortunately, the fact that it’s racist and sexist against me (both as a white, male, and heterosexual) makes this a bit of a no-brainer. It’s the same reason why wife is anti-socialist. After 4 million of her fellow Ukrainians were killed by the utopia followers, and her father as a small child had to dodge bullets to forage for food, she’s not going to convert just so you’ll stop calling her “stupid.” There’s worse things than being called “stupid.”
When you REALLY start scapegoating the rich, and not just the rich that disagree with you while giving Herr Soros a free pass, let me know. Until then, you’re asking me to drink YOUR cool aid. Move into a nice, “diverse” inner city, give up your car and most of your electrical appliances, give your money to welfare mothers, and walk the walk. I keep my religion in church!

Polish, let me simplify this for you since you are on planet complex, which means you don't get it. This is a battle between the banksters and the US justice system. The banksters don't care about legal details, they only want to blow bubbles. The US legal system doesn't care about bubbles, they just want the damn title properly recorded.

I side with the legal system which has served the United States well for many, many years. Who, Polish, do you side with?

58   PolishKnight   2010 Oct 20, 7:52am  

If you want to make this a simple matter of the law, then why drag the tea partiers into it? If you open a can of worms, you get a lot of worms.

It's not just the tea partiers who think that people who fail to pay their mortgage are just using the title mess as a delaying tactic. In addition, it's not just the eeeevil bankers that want to blow bubbles. Normal homeowners (which comprise a majority of the populace) are happy to see the bubble inflated even if it means taking the whole country down with it because of their own greed. They want 10% a year profit on their house value. Forever.

59   Done!   2010 Oct 20, 8:27am  

People can wear a damn purple polka dot Mumu with Bozo the clown shoes, if they over 18, and aren't a Felon, they can still Vote. Nothing galvanized the intellectually inferior, like ridicule.

60   GaryA   2010 Oct 20, 8:33am  

PolishKnight says

If you want to make this a simple matter of the law, then why drag the tea partiers into it? If you open a can of worms, you get a lot of worms.
It’s not just the tea partiers who think that people who fail to pay their mortgage are just using the title mess as a delaying tactic. In addition, it’s not just the eeeevil bankers that want to blow bubbles. Normal homeowners (which comprise a majority of the populace) are happy to see the bubble inflated even if it means taking the whole country down with it because of their own greed. They want 10% a year profit on their house value. Forever.

As Denninger says, this is not the point. You miss the point and so do most of the Tea Partiers. The point is the rule of law. Denninger is not happy with people living free but he says if this is the result of following the rule of law then it is necessary.

One other point, the securitization was a speculation which allowed easy money to drive the prices of housing up artificially. Technically these people who are underwater would have no house or not be underwater if this didn't happen. It was a scam, and they can walk away and I hope they get settlements or houses out of it.

It was bank caused.

61   Vicente   2010 Oct 20, 9:29am  

GaryA says

As Denninger says, this is not the point. You miss the point and so do most of the Tea Partiers. The point is the rule of law. Denninger is not happy with people living free but he says if this is the result of following the rule of law then it is necessary.

As Gus Grissom would say:
"Farkin' A, bubba!"

Nicely restated.

62   Done!   2010 Oct 20, 9:46am  

GaryA says

One other point, the securitization was a speculation which allowed easy money to drive the prices of housing up artificially. Technically these people who are underwater would have no house or not be underwater if this didn’t happen. It was a scam, and they can walk away and I hope they get settlements or houses out of it.

No those were loans, that ultimately they singed a contract to pay on.
You can't in retrospect tell the Waitress, I'm not paying the bill for that Spaghetti, because the Owner of this here Diner is Frankie the Whale, and runs a bookie ring out the back.

I hope they get nothing but years of debt they'll never be able to repay. At least it will keep them out of the market driving RE prices up again.

You would let them off Scott free, and give them a Consolation prize, in cash so they can light that puppy up again.

63   GaryA   2010 Oct 20, 12:08pm  

Tenouncetrout says

GaryA says

One other point, the securitization was a speculation which allowed easy money to drive the prices of housing up artificially. Technically these people who are underwater would have no house or not be underwater if this didn’t happen. It was a scam, and they can walk away and I hope they get settlements or houses out of it.

No those were loans, that ultimately they singed a contract to pay on.

You can’t in retrospect tell the Waitress, I’m not paying the bill for that Spaghetti, because the Owner of this here Diner is Frankie the Whale, and runs a bookie ring out the back.
I hope they get nothing but years of debt they’ll never be able to repay. At least it will keep them out of the market driving RE prices up again.
You would let them off Scott free, and give them a Consolation prize, in cash so they can light that puppy up again.

As you will see in my other thread, it was a planned scam. It wasn't an accidental scam. People have the right to walk away from ponzi scams, every time!

64   thomas.wong1986   2010 Oct 20, 1:41pm  

GaryA says

Anyone who blames the borrowers is a joker. The banksters are at blame and your mortgage is most likely being paid to someone who doesn’t even hold your note and likely doesn’t even know where it is.

Every good reason to blame the buyers who paid/borrowed near million on what otherwise was a simple $300K home. I blame them even today in still thinking its worth north of 450K.
Freaking idiots with head and ego up their ass!

Forget the loan side ... why is it worth 3-4x more over pre-bubble years ?

I cant imagine any bankster involved in the stupidity of buyers inflating prices like this!
Can you!

65   PolishKnight   2010 Oct 21, 1:30am  

GaryA claims: "As Denninger says, this is not the point."

Why don't you marry Denninger already? :-)

GaryA continues: "You miss the point and so do most of the Tea Partiers."

Did you take a poll of them? Ironically, the tea partiers are a pretty diverse group made up of mostly fiscal conservatives and a mixture of social conservatives and social libertarians. I personally think abortion should be legal, but not a constitutional right and don't care about gay marriage. Nearly all of them I have met are against the bank bailout and TARP.

In any case, you are distracting attention away from your precious point by arguing about what teapartiers think (while probably speaking to very few of them) rather than what you're trying to actually say. Tell you what, I'll address the point here on out and ignore your remarks about tea partiers.

[edit out "rule of law" stuff. Let's talk economics and government policy.]

GaryA continues: "One other point, the securitization was a speculation which allowed easy money to drive the prices of housing up artificially."

Securitization, by itself, isn't illegal or "easy money". At best, it lowers interest rates by servicers a half point or so and that helps make debt more affordable. It may save people $20,000 or so over the life of a loan which shouldn't be sneezed at.

Now what people decide to do with those savings is a free market consequence. Nobody tells them: "Bid $20K more for a place because it's "easy" money!" Just because cash for clunkers came out, you didn't have to pay full retail for a car because it was $3K off.

"Easy money" was a product of the fed lowering interest rates to zero AND the minority lending act that threatened banks and other servicers with lawsuits if they didn't meet their informal quota.

GaryA claims: "Technically these people who are underwater would have no house or not be underwater if this didn’t happen. It was a scam, and they can walk away and I hope they get settlements or houses out of it. "

For someone who talks about rule of law, you ignore all the liar loans these people signed up for and the fact that they clearly agreed to a certain loan amount at a certain price and gambled that prices would rise and they could refinance.

How is THAT a scam by securitization? It's a runup just like other bubbles that were fueled by investor mania like the internet bubble and the tulip craze a half millenium ago. No securitization necessary. An entire population of people were convinced that real estate ALWAYS goes up.

I hate to sound simplistic, but yes, it is as simple as that.

GaryA claims: "It was bank caused."

If the banks are in such control of everything, GaryA, I suggest you just give up. You won't win if you think that the banks tell everyone what to do and think.

66   GaryA   2010 Oct 21, 4:25am  

Polish. Securitization allowed illegality, underwriting to go away, liar loans, fraud. And securitization may yet cause a boycott of housing. What good is it to pay off your house if you can't get the lien satisfied because people don't know where your note is?

Better to rent, save up, and buy cash.

And yes, the banks were in control, but America doesn't have to take it if they walk away and if they refuse to take on credit.

Investor mania was not the point. The point was speculation was set up by the banksters themselves. People didn't gamble that prices would rise. They were told through a very sophisticated scam that they would rise and if you didn't get in you would be left out of the market. You know that.

67   GaryA   2010 Oct 21, 4:26am  

thomas.wong1986 says

GaryA says

Anyone who blames the borrowers is a joker. The banksters are at blame and your mortgage is most likely being paid to someone who doesn’t even hold your note and likely doesn’t even know where it is.

Every good reason to blame the buyers who paid/borrowed near million on what otherwise was a simple $300K home. I blame them even today in still thinking its worth north of 450K.

Freaking idiots with head and ego up their ass!
Forget the loan side … why is it worth 3-4x more over pre-bubble years ?
I cant imagine any bankster involved in the stupidity of buyers inflating prices like this!

Can you!

Thomas, where have you been. Underwriting was abandoned by the banksters on purpose. Their plan was the appreciation of the houses. More money for them and it helped convince investors to buy the crap MBS.

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