imaloon1
Posts:
25,153
Registered:
Sep 15, '03
Extended Info (if available)
Real Post Cnt: 19,758
User ID: 838,293
|
Subject:
Oh so it's all settled now.
|
|
THEY DESTROYED OUR ECONOMY AND IT ONLY COST THEM 25 BILLION DOLLARS...
-----signature-----
The time draws nearer to your fate
|
|
Link to this post
|
reesescups
Title: //Captain America
Posts:
47,567
Registered:
May 26, '03
Extended Info (if available)
Real Post Cnt: 40,845
User ID: 805,977
|
Subject:
Oh so it's all settled now.
|
imaloon1 posted:
THEY DESTROYED OUR ECONOMY AND IT ONLY COST THEM 25 BILLION DOLLARS...
After years of interest free loans, I am sure they can handle handing out 2k per 'abuse' case...
/Eff - Teh - Syst3m!
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
|
|
Link to this post
|
imaloon1
Posts:
25,153
Registered:
Sep 15, '03
Extended Info (if available)
Real Post Cnt: 19,758
User ID: 838,293
|
Subject:
Oh so it's all settled now.
|
Did you read the prick's justification for it? Well they were already homeless and hadn't gotten a dime so we think 2k will make them feel all warm and fuzzy.
I AM NOT WARM AND FUZZY INSIDE YOU MOTHERFUCKERS!!!! 
-----signature-----
The time draws nearer to your fate
|
|
Link to this post
|
Bobvillas
Posts:
1,099
Registered:
Nov 19, '08
Extended Info (if available)
Real Post Cnt: 1,099
User ID: 1,338,010
|
Subject:
Oh so it's all settled now.
|
I believe you can't get the help from these big 5 banks without being behind. So if you are keeping up on your loan and are still underwater as far as market value, it will still be to your benefit to stop making payments at least for a short period.
Is this accurate?
I don't think this is the intention.
Looks as though they are trying to stop the strategic foreclosures.
Am I reading this right?
-----signature-----
"well honestly i didnt learn "jw" on the net i learned it from multiple females that have texted me. but keep on truckin broheim." Thorikos http://fluffytit.mybrute.com
|
|
Link to this post
|
ZigmundZag
Title: Grammar Nazi
Posts:
25,948
Registered:
Mar 25, '02
Extended Info (if available)
Real Post Cnt: 22,707
User ID: 661,552
|
Subject:
Oh so it's all settled now.
|
Bobvillas posted:
I believe you can't get the help from these big 5 banks without being behind. So if you are keeping up on your loan and are still underwater as far as market value, it will still be to your benefit to stop making payments at least for a short period.
Is this accurate?
I don't think this is the intention.
Looks as though they are trying to stop the strategic foreclosures.
Am I reading this right?
It's been this way for months now.
If you are underwater on your mortgage, your best option was to walk away two years ago. You'd only have five years left to deal with your bad credit, and you wouldn't give a shit because you could afford to pay for everything in cash.
-----signature-----
"Take the cheese to sickbay!"
|
|
Link to this post
|
imaloon1
Posts:
25,153
Registered:
Sep 15, '03
Extended Info (if available)
Real Post Cnt: 19,758
User ID: 838,293
|
Subject:
Oh so it's all settled now.
|
No it's not preventing people from strategic foreclosures, it's a payoff so that people don't file a massive class action lawsuit against the big five.
Or burn them to the ground and march on Washington.
-----signature-----
The time draws nearer to your fate
|
|
Link to this post
|
Bobvillas
Posts:
1,099
Registered:
Nov 19, '08
Extended Info (if available)
Real Post Cnt: 1,099
User ID: 1,338,010
|
Subject:
Oh so it's all settled now.
|
ZigmundZag posted:
Bobvillas posted:
I believe you can't get the help from these big 5 banks without being behind. So if you are keeping up on your loan and are still underwater as far as market value, it will still be to your benefit to stop making payments at least for a short period.
Is this accurate?
I don't think this is the intention.
Looks as though they are trying to stop the strategic foreclosures.
Am I reading this right?
It's been this way for months now.
If you are underwater on your mortgage, your best option was to walk away two years ago. You'd only have five years left to deal with your bad credit, and you wouldn't give a shit because you could afford to pay for everything in cash.
Yes, I agree with you.
My question is that this seems to be designed to get those that are using strategic foreclosure to not take that route while it is being heralded as something to help those of us that are choosing to stay in our homes.
It feels as though it is a push for the banks to not lose out on the interest that would/could have been accrued on these walk-a-way foreclosures.
I wonder what the total gain speculation is against the 25 billion paid out. I would guess it is a net profit for these 5 banks.
#tinfoilhatoff
-----signature-----
"well honestly i didnt learn "jw" on the net i learned it from multiple females that have texted me. but keep on truckin broheim." Thorikos http://fluffytit.mybrute.com
|
|
Link to this post
|
Corky_Aloof
Posts:
10,689
Registered:
Jun 2, '04
Extended Info (if available)
Real Post Cnt: 8,854
User ID: 929,737
|
Subject:
Oh so it's all settled now.
|
|
I dont know what to make of this latest development. I do not trust the deal. Something tells me this was more of a payoff than a payout, and we will be paying for it.
-----signature-----
 > 
|
|
Link to this post
|
paulg_68
Posts:
30,961
Registered:
Jul 27, '09
Extended Info (if available)
Real Post Cnt: 30,669
User ID: 1,364,918
|
Subject:
Oh so it's all settled now.
|
People who didn't file the proper paperwork on foreclosures ruined our economy?
I'm not sure that's right.
-----signature-----
If you wish to make an apple pie from scratch... http://www.youtube.com/watch?v=zSgiXGELjbc "Everyone has a chance to become rich." - Groucho48 "Most of the human wealth on earth exists between the ears of live human beings." - theredkay1
|
|
Link to this post
|
imaloon1
Posts:
25,153
Registered:
Sep 15, '03
Extended Info (if available)
Real Post Cnt: 19,758
User ID: 838,293
|
Subject:
Oh so it's all settled now.
|
paulg_68 posted:
People who didn't file the proper paperwork on foreclosures ruined our economy?
I'm not sure that's right.
GTFO
-----signature-----
The time draws nearer to your fate
|
|
Link to this post
|
Voodoo-Dahl
Posts:
14,875
Registered:
May 11, '02
Extended Info (if available)
Real Post Cnt: 13,135
User ID: 677,792
|
Subject:
Oh so it's all settled now.
|
RWNs posted:
CRA! CRA! CRA! BARNEY FRANK! BARNEY FRANK! BARNEY FRANK! CRA! CRA! CRA!
-----signature-----
(none)
|
|
Link to this post
|
vn_nnanji
Title: Outpost Music Expert
Posts:
71,647
Registered:
Jun 30, '01
Extended Info (if available)
Real Post Cnt: 62,027
User ID: 212,537
|
Subject:
Oh so it's all settled now.
|
Ramones posted:
Gabba Gabba we accept you we accept you one of us! Gabba Gabba we accept you we accept you one of us!
-----signature-----
|
|
Link to this post
|
Rosaria
Title: They call me Mellow Yellow, quite rightly.
Posts:
46,983
Registered:
Aug 22, '03
Extended Info (if available)
Real Post Cnt: 44,486
User ID: 832,524
|
Subject:
Oh so it's all settled now.
|
Corky_Aloof posted:
I dont know what to make of this latest development. I do not trust the deal. Something tells me this was more of a payoff than a payout, and we will be paying for it.
I hear ya. Not sure what to make of it either.
-----signature-----
"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
|
|
Link to this post
|
Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts:
25,187
Registered:
Dec 21, '01
Extended Info (if available)
Real Post Cnt: 25,057
User ID: 568,022
|
Subject:
Oh so it's all settled now.
|
Rosaria posted:
Corky_Aloof posted:
I dont know what to make of this latest development. I do not trust the deal. Something tells me this was more of a payoff than a payout, and we will be paying for it.
I hear ya. Not sure what to make of it either.
This.
The whole thing smells of politically motivated BS in an election year by an administration pursuing its own self-interest, with said administration benefiting most directly from the 'solution' reached.
-----signature-----
In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
|
|
Link to this post
|
Afio
Title: Belle of the Bull
Posts:
22,285
Registered:
Mar 19, '02
Extended Info (if available)
Real Post Cnt: 19,957
User ID: 659,266
|
Subject:
Oh so it's all settled now.
|
Abaddon_Ambrosius posted:
Rosaria posted:
Corky_Aloof posted:
I dont know what to make of this latest development. I do not trust the deal. Something tells me this was more of a payoff than a payout, and we will be paying for it.
I hear ya. Not sure what to make of it either.
This.
The whole thing smells of politically motivated BS in an election year by an administration pursuing its own self-interest, with said administration benefiting most directly from the 'solution' reached.
No way would any politician do something like that.
-----signature-----
I'm not old, I'm crunchy.
IMHO: "You know your poop,Lyndrek"
"Unless you try to do something beyond what you have already mastered, you will never grow." - Ronald E. Osborn
I stole the above from Bonk's facebook, thanks.
|
|
Link to this post
|
Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts:
25,187
Registered:
Dec 21, '01
Extended Info (if available)
Real Post Cnt: 25,057
User ID: 568,022
|
Subject:
Oh so it's all settled now.
|
That's even funnier because you're from Louisiana... pitch perfect hehe.
-----signature-----
In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
|
|
Link to this post
|
Sin_of_Onin
Posts:
35,113
Registered:
Jun 29, '05
Extended Info (if available)
Real Post Cnt: 23,763
User ID: 1,062,657
|
Subject:
Oh so it's all settled now.
|
There were settlements with the pharmaceutical companies awhile back where they were caught stealing hundreds of millions but only paid fines that were a small fraction of what they stole.
If they got them to pay $26 billion their fault must have been in the hundreds of billions easily.
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
|
|
Link to this post
|
