reply to post by Aim64C
First off, I agree with you. Everybody should be responsible for their own well-being, and everybody should manage their budgets carefully and live
according to their means, and not allow themselves to be caught up by that materialistic motto; "He who dies with the most toys wins!". I''d worked in
a couple of casinos right before the economy took a dump, and was flabbergasted at how much money some of the graveyard shift blackjack dealers were
raking in ($2,000 to $3000 a night), but even more appalled at how much they were putting themselves in debt, by building custom, 3 story homes and
splurging on jet skis and ATVs, and at how low their credit scores were compared to mine. (I was making $7.00 buck an hour, and about twice that an
hour in tips as the world's fattest valet.)
My post was a reply to a previous post, however. Here's a quote;
"Couldn't have anything to do with people buying houses they could not afford and racking up tens of thousands in credit card debt per capita."
Again, I agree, that people should know what they're getting into. However, where I have a problem is where the banking conglomerate breached the
public trust due to corruption and greed. Instead of working with a massive number of struggling families, like mine, they'd rather BS about how
homeowners have to repeatedly fill out the same paperwork, only to deny them over and over, like they did to me, and pass you from one department to
another, where nobody can give you a definite answer and you have to keep calling them every few weeks to see if they've figured anything out yet. In
the background, these banks have been continually working on pulling the carpet out from under your feet, until you get a notice on your front door
telling you that SURPRISE, even though they said you were almost approved for a refinance, you have three days to vacate. I've heard that banks make
more money by foreclosing than they do by refinancing, and here's some figures to prove it. (We've all seen the old westerns, where the bank is about
to foreclose on some poor family's ranch, and the hero has to gallop by the greedy bankers and BLAST them. Kind of makes me wish this was still the
Foreclosures in 2008: 1 Million
Foreclosures in 2009: 2.8 Million Link
Foreclosures in 2010: 1.05 Million
And I also don't like when they deliberately screw over certain segments of the population:
, and one that affected me directly,
Predatory lending may be the norm, but that doesn't make it just. Blaming the victims for 100% of the mess isn't just either.
How does a homeowner
cause fraud in this type of case? Please, enlighten me.
As for the Presidential comparison, here's another quote:
"You're right. It was Bush's fault. Problems in 3025 will be blamed on Bush, it seems."
My point was that they're both incompetent, and pointing fingers like the previous poster did, ain't gonna do much good unless a parrot comes by and
lands on it.
Not trying to hate on you personally, as I found your answer intelligent and well written, but this whole mortgage mess does get me pretty worked up.
My last job kept cutting my hours until they let me go, my wife got sick and got fired as a result, and when we asked PNC mortgage for help, they
dragged the re-modification process along for over 2 years before they finally took our house.
I'm having a great time living at my mom's, though, while my wife and kids are staying a couple of miles down the road at her parents' house. Thank
you, Mr. Bush, and thank you, Mr. Obama, for coming to America's assistance in a timely manner and helping make that a reality!
4/29/2011 by Monstertako because: angry mispelling