Bank of America tells OWS what to do to hurt it the most

Originally posted by OutKast Searcher
reply to post by CREAM

 

The video leaves out some key pieces of information. Namely, why is he still making payments on a home that was bought in 1968? Did he take out an equity loan? And what did he take that loan out for? And what terms of the loan did he agree to?

It does suck when people lose their homes...but when they have caused the situation themselves by making bad decisions...are we supposed to be mad at the banks for that?

Who cares? I don't, at all.

We bailed out the banks, but cutting people some slack who are obviously assets too the community is unacceptable? All the money this guy is paying off now is probably just interest.

A hard working nice guy like that deserves the land, I don't care about the numbers. There is clearly something wrong with society if guys like that can't afford to live a basic life.

The amount of profits made on wall street, funded by bail out money, could have employed employed 300,000 teachers. I have no mercy for banks which profit off of the fraudulent federal reserve system, none at all. Saying this guy can't keep his home, while the banks survive off of state funded (actually funded by the private federal reserve cartel) corporate welfare is not only hypocritical, it is wrong.

“If your brother becomes poor and cannot maintain himself with you, you shall support him as though he were a stranger and a sojourner, and he shall live with you. Take no interest from him or profit, but fear your God, that your brother may live beside you. You shall not lend him your money at interest, nor give him your food for profit.” Leviticus 25:35-37

I care about the above quoted message over ANY law of business or government.

For example, as long as the criminal origination Halliburton is getting government contracts with my tax money and Dick Cheney is in his huge mansion and not a jail cell(I am not a dem btw, pelosi should be in jail too for insider trading), I will support any normal citizen who is an asset to our society to keep his home, and I will not recognize any action to evict such people by a government I do not recognize to be legitimately operating until corrupted leaders are ousted. This is what revolutionary action is about.

reply to post by OutKast Searcher


cbsnews.com

Some interesting stuff there.

As far as corporations and global economy, there's not enough incentives in the world to bring the jobs back here, Americans will not work for slave wages, no benefits, and horrible working conditions, but at the very least they should be paying their taxes here not getting rebates.

Also, it is a fact that with the fractional reserve banking system, there is always more money than debt as money is created and injected into society with debt already attached. All debts can not be paid off.

Therefore, there will ALWAYS be foreclosures and bankruptcies, EVEN if literally EVERYONE played by the rules and worked as hard as possible.

The ONLY solution is to destroy that system, or foreclosures will go on FOREVER no matter what our leaders and people do. That is just a fact of the matter.

reply to post by CREAM


www.affinityproperties.com...

Hull has lived in his home since 1968, when his mother purchased it. The title later was transferred to him, and he eventually paid off the loan.

But about four years ago he took out a $250,000 loan on the home to start a contracting business.

He took a risk in order to start a business and make money...and it didn't work out. He had health problems and couldn't continue to work. No word on where the 250k went, but apparently it was gone because he didn't use it to continue to make payments.


IMO, it was a bad decision on his part to take out a business loan against his house. This wasn't a subprime loan, this wasn't an unconventional mortgage...it was a bad personal decision.

www.huffingtonpost.com...

In Hull's case, he and the activists who've taken up his cause are not saying Bank of America foreclosed illegally, but that the bank should show more compassion to a former Marine who wants to stay in his home and is willing to pay if he could get a break.

Ummm...no...sorry.

Personal Responsibility...we all need to accept the consequences of our actions.

Again, whose cares in a time of revolution?

I don't.

As I said in my previous post, no matter what we all do, foreclosures and a bankruptcies are literally built into the system and are unavoidable.

You can blame it on his "bad" investment, or you can realize the fact that our economy is rigged and it is only possible for some to get ahead, even if everyone wants to play by the rules and make the most intelligent financial decisions they could, many are doomed at no fault of their own. That is NOT what America is about.

Hard working good people should not have to gamble, but or current economy literally operates like a casino.

That is just a fact. The time for revolution is now, and I am glad to see people taking action. You either are a slave, or not, that's all there is too it, that's what this debt based economy is about, and these people are not going to be slaves.

I hope you watch "It's a beautiful life" over Christmas and get your head back on your shoulders.

reply to post by CREAM

Again, whose cares in a time of revolution?

LOL...oh come on...please don't tell me you beleive we are in a revolution.

As I said in my previous post, no matter what we all do, foreclosures and a bankruptcies are literally built into the system and are unavoidable.

Not true...you misunderstand the concepts, that's all. While it is true that all debt can't be paid off at the same time to become a debtless society...it isn't true at all that everyone could make their payments IF everyone makes practical decisions and lives below their means.

You can blame it on his "bad" investment, or you can realize the fact that our economy is rigged and it is only possible for some to get ahead, even if everyone wants to play by the rules and make the most intelligent financial decisions they could, many are doomed at no fault of their own. That is NOT what America is about.

I'm living proof someone can get ahead. My father grew up living on dirt floors in a one room house, he became a truck driver and worked hard to provide for us. He sent me to college and I am doing well. If that isn't the America Dream...please tell me what is.

Hard working good people should not have to gamble, but or current economy literally operates like a casino.

This guy didn't have to gamble...he WANTED TO. He gambled to start up a business so he could make MORE MONEY. Why don't you blame him for being greedy? He gambled his PAID OFF HOME in order to try to get richer.

That is just a fact. The time for revolution is now, and I am glad to see people taking action. You either are a slave, or not, that's all there is too it, that's what this debt based economy is about, and these people are not going to be slaves.

I'm not a slave either...but then again...you think I don't exist because my story could never happen.

Originally posted by Kali74
reply to post by OutKast Searcher

 

cbsnews.com

Some interesting stuff there.

As far as corporations and global economy, there's not enough incentives in the world to bring the jobs back here, Americans will not work for slave wages, no benefits, and horrible working conditions, but at the very least they should be paying their taxes here not getting rebates.

Hey look, MSM is magically a credible source again

So they are advocating trespassing on private property now instead of public property?
That's surely intelligent plans there, boss!
"Go commit crimes in the name of our movement!!!!"
These idiots almost have me siding with the banks now. And I hate the banks!

reply to post by Vitchilo


Personally, I think the bank transfer day hit them a lot harder than this one will. They lost billions of dollars from that.

i doubt tehy going to say oh this will hurt us teh most i mean come on really?? ppl

Originally posted by TupacShakur
reply to post by Vitchilo

 

Personally, I think the bank transfer day hit them a lot harder than this one will. They lost billions of dollars from that.

LOL NO they didnt where do you get this absurdity (SOURCE).... a billion dollars... really....