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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?
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.
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.
Again, whose cares in a time of 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.
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.
Originally posted by Kali74
reply to post by OutKast Searcher
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.
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.