It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
If I walk up to a kid with downs syndrome and tell him I'll give him a nickle for his dime cause its bigger I'm just a smart business man aren't I?
You talk of personal responsibility ... Giving away loans that can't be repaid and selling them to unsuspecting investors is responsible? Moral?
Buyer beware but seller get away with what ever you can - the American way no?
Originally posted by Ketzer22
reply to post by camaro68ss
Dude, no offense but would you learn to spell "claim". I stopped reading the thread after the 4th wrongful spelling of the word.
Originally posted by apacheman
reply to post by OutKast Searcher
It is the responsibility of the banks to clearly explain to their contract partners the terms and consequences of the contracts, and to give as accurate a picture of their own future behavior as they know it at the time.
It is their responsibility to the nation whose wealth and infrastructure they use, whose protection they rely upon, whose legal systems are a necessity, to be truthful and do no harm to the system that they benefit so much from.
It is their personal responsiblity to behave in an ethical, moral, and legal manner, all of which they failed to do. It is no one else's responsiblity to MAKE them behave, it is theirs to do of their own accord. Shareholder demand for higher profits doesn't absolve them of this.
Most of those "greedy homeowners" you disparage simply bought the con they were being fed: their jobs wre secure if they worked hard, pay would keep up with inflation and productivity, the economy would improve, and interest rates would stay the same. If all those things were true, we wouldn't have this situation.
But the bankers lied; they financed the shipping of the jobs their customers needed to pay the mortgages to other countries, then refused to finance new ones.
Sorry, but you read their responsibilities too narrowly, and a bit too smugly.
This isn't, shouldn't be, a game of "conned ya, gotcha, shoulda known better, suckaaa!!". But that's what passes for ethics in banking these days.
Originally posted by whathasitcome2
The US has two options.
1. Allow total meltdown and revolution and civil war come to America.
2. Realize that Obama and Reid tried their socialist plans over the last 3 years and failed and therefore a Republican Congress and a Republican White House will come to financial agreement as to how to pay for everything for the next decade.
We know that Obama would rather take curtain number 1 because he has been an ACORN activist anyway and been a big supporter of the failed "Arab Spring". This could get out of hand and that is why the more talk of it the more Americans stock up on ammo.
However, it is up to the voter now whether or not they want to try curtain Number 2. But those are the only two curtains because 4 more years of failed Obama and Reid will lead to a deficit of 30 trillion dollars and a completely unsustainable economic model.
So good luck.
Originally posted by Neopan100
reply to post by taccj9903
Illinois is a KILLER in property tax..not as bad as NJ or NY..but still pretty high..I would say the avg tax is around 3500.00. I own a very..very old house with no barns or out buildings so mine stays pretty low..but I am looking for in increase soon due to the vinyl siding we just put on.
Plant a tree you get taxed...clean up your property get taxed...add anything from out house to dog house and we get smacked down with increase..I hate it. But we are trying to move out of this god foresakin' state.
Originally posted by sputniksteve
reply to post by camaro68ss
Lol you don't have the first clue what you are talking about. What is the bank claming? They are claming loans? I don't even understand half of your secret message. Are you running for the hills with your canned food then or what?
What are you doing differently because a no BS guy in the gun shop leaned over the counter and whispered in your ear that the bank was claming 4 millions loans soon? Do you really even understand what QE is?
Originally posted by camaro68ss
reply to post by OutKast Searcher
to spin-off what you are saying and to add what i and other did, when we bought we bought at the top and was told housing will never fall, we factored in wage incresses every year at 3-5% and would never think in a 1,000 years this would happen. Well it did. Im lucky to still have my job and i still pay for my upsidedown house off every month. its a contract i signed and im going to try my best to pay it off.
Other are not as lucky as me and lost there jobs.
It sucks and its only going to get worse