Fist_de_Yuma
Posts:
24,444
Registered:
Dec 20, '01
Extended Info (if available)
Real Post Cnt: 21,971
User ID: 566,471
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
When you say something liberals love they feel the need to prop you up as a show piece. Look, even he is for our wonderful but failed programs. Then they will go and say a truth that liberals don't like and fall into the mud.
The liberal mindset was shown the other day when a poster said banks profit from evictions. Like paying 500k for a 150k house is such a deal.
http://www.bloomberg.com/news/2012-02-27/buffett-says-banks-victimized-by-evicted-homeowners-who-emerged-as-winners.html
Warren Buffett, who controls the biggest shareholding of the No. 1 U.S. mortgage lender, said banks were victimized by some homeowners who refinanced their loans before getting evicted.
“Large numbers of people who have ‘lost’ their house through foreclosure have actually realized a profit because they carried out refinancings earlier that gave them cash in excess of their cost,†Buffett, chairman and chief executive officer of Berkshire Hathaway Inc. (BRK/A), said Feb. 25 in his annual letter. “In these cases, the evicted homeowner was the winner, and the victim was the lender.â€
-----signature-----
There are three kind of liberals;
Stupid, ignorant or evil
The result is always evil but the intent is not always evil. Not that it makes much difference in the long run.
No one here is exactly as they seem. - G'Kar
|
|
Link to this post
|
Yukishiro1
Posts:
38,362
Registered:
Sep 20, '02
Extended Info (if available)
Real Post Cnt: 31,453
User ID: 718,633
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
|
Why would that make anyone angry? Assuming it's true.
-----signature-----
(none)
|
|
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:
This will drop him from the "a rich person liberals love" list.
|
Why would banks refinance a house that was A) under-water and B) to someone that wasn't credit worthy?
I am sure this happened a time or two but I don't suspect a large number of people were able to pull this off...
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
|
|
Link to this post
|
Eager_Igraine
Posts:
20,126
Registered:
Nov 21, '02
Extended Info (if available)
Real Post Cnt: 19,548
User ID: 740,268
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
Yukishiro1 posted:
Why would that make anyone angry? Assuming it's true.
-----signature-----
I radiate more heat than light.
I know what you're trying to do but you're just sailing another failboat over the falls. - imaloon1
|
|
Link to this post
|
Fist_de_Yuma
Posts:
24,444
Registered:
Dec 20, '01
Extended Info (if available)
Real Post Cnt: 21,971
User ID: 566,471
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
reesescups posted:
Why would banks refinance a house that was A) under-water and B) to someone that wasn't credit worthy?
I am sure this happened a time or two but I don't suspect a large number of people were able to pull this off...
They did it because the government would hammer them if they didn't. How short the liberal memory is.
-----signature-----
There are three kind of liberals;
Stupid, ignorant or evil
The result is always evil but the intent is not always evil. Not that it makes much difference in the long run.
No one here is exactly as they seem. - G'Kar
|
|
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:
This will drop him from the "a rich person liberals love" list.
|
Fist_de_Yuma posted:
reesescups posted:
Why would banks refinance a house that was A) under-water and B) to someone that wasn't credit worthy?
I am sure this happened a time or two but I don't suspect a large number of people were able to pull this off...
They did it because the government would hammer them if they didn't.
Huh?
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
|
|
Link to this post
|
Yukishiro1
Posts:
38,362
Registered:
Sep 20, '02
Extended Info (if available)
Real Post Cnt: 31,453
User ID: 718,633
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
|
I'm not sure I really understand the mechanism he's talking about. How would you get more out than your costs?
-----signature-----
(none)
|
|
Link to this post
|
__Bonk__
Posts:
53,947
Registered:
Jul 25, '09
Extended Info (if available)
Real Post Cnt: 53,339
User ID: 1,364,654
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
They actually have people teaching others now how to walk away and let the bank take the hit now
-----signature-----
I keep my eyes fixed on the sun!
A change in feeling is a change in destiny.
|
|
Link to this post
|
Yukishiro1
Posts:
38,362
Registered:
Sep 20, '02
Extended Info (if available)
Real Post Cnt: 31,453
User ID: 718,633
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
|
That sounds sensible. Why wouldn't people want to do what's in their best advantage? You can bet the Bank has people teaching them how to do what's best for the Bank's bottom line too.
-----signature-----
(none)
|
|
Link to this post
|
Fist_de_Yuma
Posts:
24,444
Registered:
Dec 20, '01
Extended Info (if available)
Real Post Cnt: 21,971
User ID: 566,471
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
Yukishiro1 posted:
That sounds sensible. Why wouldn't people want to do what's in their best advantage? You can bet the Bank has people teaching them how to do what's best for the Bank's bottom line too.
Acting in your best interest = Good
Fraud = Bad
Think about it Yukishiro1. If you take out a loan with on intent to pay it back are you acting in your best interest or committing fraud?
-----signature-----
There are three kind of liberals;
Stupid, ignorant or evil
The result is always evil but the intent is not always evil. Not that it makes much difference in the long run.
No one here is exactly as they seem. - G'Kar
|
|
Link to this post
|
Yukishiro1
Posts:
38,362
Registered:
Sep 20, '02
Extended Info (if available)
Real Post Cnt: 31,453
User ID: 718,633
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
Uh fraud depends on your intent at the time of the loan agreement not at the time you walk away. There is nothing wrong with walking away from a house if you pay the penalties for doing so.
-----signature-----
(none)
|
|
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:
This will drop him from the "a rich person liberals love" list.
|
Yukishiro1 posted:
Uh fraud depends on your intent at the time of the loan agreement not at the time you walk away.
He doesn't even know the definition of a lie. Fraud has even more letters in it than lie does...
You think there a chance in hell that illiterate bastard knows what fraud means?
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
|
|
Link to this post
|
Altra_Shadowstalker
Posts:
17,553
Registered:
Jan 17, '02
Extended Info (if available)
Real Post Cnt: 16,076
User ID: 616,837
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
|
Sounds like a good Free Market business deal. Well, only if your first name is Bank, otherwise it's OMG IMMORAL.
-----signature-----
"Goddammit, Swearengen, I don't trust you as far as I could th'ow you, but I enjoy the way you lie."
I don't typo often, but when I do, I blame Swype.
|
|
Link to this post
|
Fist_de_Yuma
Posts:
24,444
Registered:
Dec 20, '01
Extended Info (if available)
Real Post Cnt: 21,971
User ID: 566,471
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
Let us go back to 2005 and see what the IRS is reporting in this issue.
http://www.irs.gov/newsroom/article/0,,id=136208,00.html
In recent years, the booming real estate market has helped increase mortgage fraud and other phony real estate related schemes. The perpetrators of these schemes range from mortgage brokers looking to make a fast buck to drug dealers laundering their ill-gotten gains. Every year, these fraudulent schemes victimize individuals and businesses from many walks of life, including struggling low-income families lured into home loans they can’t afford, legitimate lenders saddled with over-inflated mortgages and honest real estate investors fleeced out of their investment dollars.
-----signature-----
There are three kind of liberals;
Stupid, ignorant or evil
The result is always evil but the intent is not always evil. Not that it makes much difference in the long run.
No one here is exactly as they seem. - G'Kar
|
|
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:
This will drop him from the "a rich person liberals love" list.
|
Fist_de_Yuma posted:
Let us go back to 2005 and see what the IRS is reporting in this issue.
http://www.irs.gov/newsroom/article/0,,id=136208,00.html
In recent years, the booming real estate market has helped increase mortgage fraud and other phony real estate related schemes. The perpetrators of these schemes range from mortgage brokers looking to make a fast buck to drug dealers laundering their ill-gotten gains. Every year, these fraudulent schemes victimize individuals and businesses from many walks of life, including struggling low-income families lured into home loans they can’t afford, legitimate lenders saddled with over-inflated mortgages and honest real estate investors fleeced out of their investment dollars.
Ok and what does that have to do with Buffet, and liberals hating Buffet?
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
|
|
Link to this post
|
Fist_de_Yuma
Posts:
24,444
Registered:
Dec 20, '01
Extended Info (if available)
Real Post Cnt: 21,971
User ID: 566,471
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
|
The liberal mantra has been that the evil bankers are evicting the poor people from their homes. Right out of Hollywood. The truth is people are getting a year or two of rent free housing before they are forced out. The big losers are the banks. So why are they the bad guy? Well, you will have to ask a liberal. Anyone who tells a truth that goes against the liberal belief is generally attacked. I could be wrong in this case. Time will tell.
-----signature-----
There are three kind of liberals;
Stupid, ignorant or evil
The result is always evil but the intent is not always evil. Not that it makes much difference in the long run.
No one here is exactly as they seem. - G'Kar
|
|
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:
This will drop him from the "a rich person liberals love" list.
|
Fist_de_Yuma posted:
The liberal mantra has been that the evil bankers are evicting the poor people from their homes.
Well we already know this is true.
People have been evicted that were not even behind on their mortgage. Hell people have been evicted that didn't even have a mortgage or any other lein against their house...
Again - everyone knows this.
People also realize that their are instances where Banks are getting effed as well. As in such rare cases which Buffet is talking about.
Now - what is it about IRS quote that has to deal with what Buffet said, and why should Liberals hate Buffet for saying this?
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
|
|
Link to this post
|
Sezyrrith
Posts:
6,166
Registered:
Jul 13, '03
Extended Info (if available)
Real Post Cnt: 5,959
User ID: 821,875
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
reesescups posted:
Now - what is it about IRS quote that has to deal with what Buffet said, and why should Liberals hate Buffet for saying this?
These were my questions as well.
-----signature-----
E- 80% K- 60% S- 40% A- 20% "That thing you burnt up isn't important to me. It's the fluid catalytic cracking unit. It made shoes for orphans. Nice job breaking it, hero." http://tinyurl.com/Sezy-1
|
|
Link to this post
|
Aerlinthian
Posts:
66,222
Registered:
May 7, '01
Extended Info (if available)
Real Post Cnt: 65,491
User ID: 94,919
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
|
I'm not going to bother reading all the partisan arglebargle on this as the entire mess would have not been created in the first place if more people understood and rejected the massive corporate enabled fascism that our government has become over the decades.
-----signature-----
(none)
|
|
Link to this post
|
__Bonk__
Posts:
53,947
Registered:
Jul 25, '09
Extended Info (if available)
Real Post Cnt: 53,339
User ID: 1,364,654
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
People have to do whats best for them. If walking away is best more power to them.
-----signature-----
I keep my eyes fixed on the sun!
A change in feeling is a change in destiny.
|
|
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:
This will drop him from the "a rich person liberals love" list.
|
__Bonk__ posted:
They actually have people teaching others now how to walk away and let the bank take the hit now
That must be a tough class.
If ($HouseValue < $Mortgage)
{
Exit(Home);
}
-----signature-----
"Take the cheese to sickbay!"
|
|
Link to this post
|
B_Shinkicker
Posts:
23,050
Registered:
Feb 24, '02
Extended Info (if available)
Real Post Cnt: 19,740
User ID: 649,600
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
reesescups posted:
Now - what is it about IRS quote that has to deal with what Buffet said, and why should Liberals hate Buffet for saying this?
Answer the question, Claire. Answer the question.
-----signature-----
It is no measure of health to be well adjusted
to a profoundly sick society. - Jiddu Krishnamurti
|
|
Link to this post
|
Z-Elder
Posts:
8,621
Registered:
Mar 15, '02
Extended Info (if available)
Real Post Cnt: 8,465
User ID: 657,803
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
ZigmundZag posted:
__Bonk__ posted:
They actually have people teaching others now how to walk away and let the bank take the hit now
That must be a tough class.
If ($HouseValue < $Mortgage)
{
Exit(Home);
}
Sell the CD for $49.99
-----signature-----
"The poison of our ordinary habits has killed the magic of the moment"
"Men are not in hell because God is angry with them . . .
they stand in the state of division and separation which by their own motion, they have made for themselves"
|
|
Link to this post
|
Altra_Shadowstalker
Posts:
17,553
Registered:
Jan 17, '02
Extended Info (if available)
Real Post Cnt: 16,076
User ID: 616,837
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
Aerlinthian posted:
I'm not going to let the partisan arglebargle get in the way of my government arglebargle.
Oh? Do go on...
-----signature-----
"Goddammit, Swearengen, I don't trust you as far as I could th'ow you, but I enjoy the way you lie."
I don't typo often, but when I do, I blame Swype.
|
|
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:
This will drop him from the "a rich person liberals love" list.
|
The government is responsible for the bubble. Most of the programs that created the bubble in the first place still exist.
Washington has had 3 years to undo their mistake and they haven't. Actually, I shouldn't lay this all on Washington. Plenty of the responsible programs are state level as well.
-----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
|
Kjarhall
Title: The Pungent One
Posts:
29,212
Registered:
Mar 1, '02
Extended Info (if available)
Real Post Cnt: 23,233
User ID: 652,381
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
Fist_de_Yuma posted:
reesescups posted:
Why would banks refinance a house that was A) under-water and B) to someone that wasn't credit worthy?
I am sure this happened a time or two but I don't suspect a large number of people were able to pull this off...
They did it because the government would hammer them if they didn't. How short the liberal memory is.
Do you read your own articles?
"Blame for the housing bubble and subsequent slump should be shared among lenders and borrowers, as well as the government, bond-rating firms and the media, Buffett has said."
-----signature-----
You're a crazy moron*
*http://vnboards.ign.com/outpost/b22180/115147923/r115151508/
hah! true story tho i'm a woman an i even love boobs..how can you not??- HallowEve
|
|
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:
This will drop him from the "a rich person liberals love" list.
|
Kjarhall posted:
Fist_de_Yuma posted:
reesescups posted:
Why would banks refinance a house that was A) under-water and B) to someone that wasn't credit worthy?
I am sure this happened a time or two but I don't suspect a large number of people were able to pull this off...
They did it because the government would hammer them if they didn't. How short the liberal memory is.
Do you read your own articles?
"Blame for the housing bubble and subsequent slump should be shared among lenders and borrowers, as well as the government, bond-rating firms and the media, Buffett has said."
Nonsense - that interferes with Fists talking point world view which consists entirely of:
Republicans blame poor people and the government.
Democrats blame banks.
Meanwhile everyone that dabbles with reality realizes it's a bit more complicated than that and all parties involved carried some of the responsibility... And that the level of responsibility scales with effective power and incentive carried by the party being evaluated...
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
|
|
Link to this post
|
theredkay1
Posts:
6,731
Registered:
May 16, '08
Extended Info (if available)
Real Post Cnt: 6,729
User ID: 1,297,378
|
Subject:
This will drop him from the "a rich person liberals love" list.
|
|
I have not been keeping up with my rich people that I love list. Im glad fist is doing the legwork, it makes my job easier. Im not sure who to add to fill Buffets place.....maybe I'll put the dixie chicks back on there until Fists next update.
-----signature-----
(none)
|
|
Link to this post
|
