patrick.net

I too want to know "Where is MY Bailout!?!?"

I propose to start a new 3rd political party named WHERE IS MY BAILOUT. We march on washinton demanding free shit for any cause, person, group we can think of.

If you are democrat you are already in this party. (hehe)

I belong to the 'Rent is too damn high' party.

http://www.youtube.com/watch?v=x4o-TeMHys0

if you are a republican, you voted for the bankers to get their bailout

Take advantage of the situation. Get a Fannie or Freddie loan with almost no down payment and don't make any other payments. They won't be able to foreclose you so you'll get to save money. You'll live rent free for a few years only paying a very small amount.

On a 200,000 house you'll pay only 2,000. That's $83/month if you get to stay there for only 2 years. Gets even cheaper if it's longer.

EMan says

On a 200,000 house you'll pay only 2,000. That's $83/month if you get to stay there for only 2 years. Gets even cheaper if it's longer.

I would do this if I had no morals. I have though about this seriously. Thanks for thid idea.

I dont think morals or ethics are in Eman's dictionary.

ChapulinColorado says

An Ohio member of Congress, Rep. Marcy Kaptur (D-OH),

Will be voted our of office next time around. That is the solution.

patb says

if you are a republican, you voted for the bankers to get their bailout

But the democrats certainly went along with it. Heck Patrick Kennedy sponsored it and parts were named after Paul Wellstone! Chris Dodd wrote amendments for it...so to say it was just republicans really ignores what really happened.
http://thomas.loc.gov/cgi-bin/bdquery/z?d110:HR1424:

Let's look at the senate. First of all ted kennedy didn't even vote on it.

Only a mere 9 democrat senators voted against it. 39 voted FOR it. So you could make the argument that without republicans it would have still passed but why did 39 vote for it? Here's the votes
http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=110&session=2&vote=00213

what ever draws this BS out to 25-30 years. kicking can,...cling clang clunk...

In Mass we did try this..heck we tried it in '07 before the crash
http://www.therealestatebloggers.com/boston/massachusetts-governor-puts-moratorium-on-foreclosures/

Now the laws are basically saying that the banks have to prove ownership...
http://articles.boston.com/2010-10-06/business/29306928_1_halt-foreclosures-foreclosure-documents-jim-olecki

That's fine but that is only buying a bit of time.

There's no real incentive for people to start paying again. chances are they'll bank the money and ride it out to the point where they get kicked out while at the same time would be finding a place to rent.

ChapulinColorado says

EMan says

On a 200,000 house you'll pay only 2,000. That's $83/month if you get to stay there for only 2 years. Gets even cheaper if it's longer.

I would do this if I had no morals. I have though about this seriously. Thanks for thid idea.

This is the problem with moral hazard of the bail outs. If everyone is getting the bail out but you, it just makes one a loser who is not able to take advantage of the situation. It really is screwed up the way Democrats have done it.

I agree that it is immoral, but Democrats don't care about morality as long as they keep on buying votes with our money. And as long as they are running socialist policies it's best to take advantage of them.

A National Residental Foreclosure Emergency? There is none provided you put down at least 20%, have a 30 year fixed rate mortgage, good credit, and not in debt up to your eyeballs.

Anyone ever see the show Louie? There was one a week ago or so where he tried to buy a house that was tens of millions. When he talked to his accountant he clearly said that he couldn't afford it to his reply of "Well...what about Obama?"

I can understand stopping a procedure if there is a legal discovery. But absent of that there's no real reason to slow it down.As long as the lender has the legal authority to do so as in it was no robosigned then go ahead.

Can we have a moratorium from gubmint hindering free enterprise.
We paid too much.
The buyers went away.
Why should I pay tax's for your risky investment behavior ?

Nomo, if you agree with the proposed policy of free rent for the irresponsible, then state your reasoning. If you're just using other people's disagreement with it as a way to personally denigrate them without any substantive argument, then you're nothing more than an obnoxious prick.

So do yourself and everybody a favor: cram your righteous, smug lectures up your a**.

klarek says

Nomo, if you agree with the proposed policy of free rent for the irresponsible, then state your reasoning. If you're just using other people's disagreement with it as a way to personally denigrate them without any substantive argument, then you're nothing more than an obnoxious prick.

Nomo lives on welfare, he is an epitome of "ask what your country will do for you".

klarek says

Nomo, if you agree with the proposed policy of free rent for the irresponsible, then state your reasoning. If you're just using other people's disagreement with it as a way to personally denigrate them without any substantive argument, then you're nothing more than an obnoxious prick.

Nomo lives on welfare, he is an epitome of "ask what your country will do for you".

EMan says

Nomo lives on welfare

That wouldn't surprise me at all.

Nomograph says

The story is a blip in the blogosphere, and it's a waste of time pretending to be victimized by imaginary injustices.

You're the one that's projecting a status of so-called victimization. They're saying that it's horse shit for the govt to use its power and taxpayers' money to subsidize deadbeats' behavior.

Your high and mighty crap is beyond obnoxious. If you don't want to discuss the issue, you should exercise the self-restraint 99% of adults possess to not constantly lecture other people about how they should feel about something. That you could be offended by someone else being offended is pretty funny, but you ought to spare this forum from your pathetic condescension and unsolicited lectures about how others should feel.

Nomograph says

Nomo is a physician, scientist, retired military officer, and entrepreneur

You left out "troll" on that list, Lieutenant (ret) Scientist Physician Entrepreneurial Troll.

klarek says

you should exercise the self-restraint 99% of adults possess to not constantly lecture other people about how they should feel about something

You're a member of the 1% Klarek. Just sayin'

Nomograph says

klarek says

you're nothing more than an obnoxious prick.

Now there's something we can agree on.

I prefer to think of him as "MR. Obnoxious Prick."

Nomograph says

Nomo is a physician, scientist, retired military officer, and entrepreneur who believes that blaming others for your own failures is a waste of time.

...and he sounds like a total loser to me.

klarek says

You left out "troll" on that list...

He's not a troll - he's a presenter of reality orientation, but in a snarky - and frickin' hilarious - manner.

They say that people get the government they deserve. I really hope this lady is not a case of that, because it really says bad stuff about our citizenry!

mdovell says

patb says

if you are a republican, you voted for the bankers to get their bailout

But the democrats certainly went along with it. Heck Patrick Kennedy sponsored it and parts were named after Paul Wellstone! Chris Dodd wrote amendments for it...so to say it was just republicans really ignores what really happened.

Weren't the Democrats against it before the Administration begged them to switch their votes? Since Paulson, Bush et al said

1) Armageddon approached
2) The DJIA was collapsing (after the first vote failed to pass)
3) That TARP would actually be used to HELP homeowners, by buying up the troubled assets?

People don't have to vote a certain way though. The president cannot get members of congress reelected only their people that they represent can.

At the same point they said unemployment wouldn't go above 8% if it didn't pass...

It is hard to say that it would help homeowners as the government cannot in the long run prop up demand.

CL says

Weren't the Democrats against it before the Administration begged them to switch their votes? Since Paulson, Bush et al said

1) Armageddon approached
2) The DJIA was collapsing (after the first vote failed to pass)
3) That TARP would actually be used to HELP homeowners, by buying up the troubled assets?

All this crap about who voted for what gets tiring after a while. The real question should be "who has the plan to fix this?" not who voted for something 3-4 years ago under the facts that we had at that time. It's easy to play the blame game, but it's hard to come up with solutions. If you play the blame game, you are focusing on politicians' misdirection, rather than focusing on what is important.

elliemae says

I prefer to think of him as "MR. Obnoxious Prick."

That'd be, Mr. Obnoxious, SIR!"

Sybrib says

elliemae says

I prefer to think of him as "MR. Obnoxious Prick."

That'd be, Mr. Obnoxious, SIR!"

Actually, wouldn't it be Dr. Obnoxious Prick?