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Location: Home of Wild Turkey Whiskey | Worth Watching............ http://www.youtube.com/watch?v=1RZVw3no2A4
Edited by HWBar 2008-09-30 7:52 PM
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Location: Central Arkansas | I watched the youtube video yesterday. It really has me thinking about not trading for a larger LQ trailer but to keep my "PAID 4"! I tell you, this crisis scares me. It is a reality check to say the least. |
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Expert
Posts: 2953
Location: North Carolina | There is scare talk going on about the "next" Depression if we taxpayers don't bail-out the banks... I submit the Depression of yore were bank failures sweeping people's savings into thin air. Today's bank failures are sweeping credit away. I might consider that a good result. Save instead of spend what you don't have. |
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Member
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Location: Central nowhere | WELL HELL'S FIRE,THIS HERE IS THE REASON MY DADDY TAUGHT ME TO BURY MY MONEY IN THE BACKYARD !!!!.THEM DARN BANKS AIN'T GONNA GET MY SAVIN'S !!.BANKERS,LAWYERS,POLITICIANS, CAN'T TRUST NONE OF THEM !!!DADDY TOLD ME,GOD REST HIS SOUL, THAT IF YOU EARN IT,KEEP IT IN MOTHER EARTH THAT WE LIVE ON AND SHE WILL NOT LET YOU DOWN.MY DADDY WAS A WISE MAN LOOKS LIKE |
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Expert
Posts: 2953
Location: North Carolina | Originally written by Buckwild on 2008-09-30 1:13 PM WELL HELL'S FIRE,THIS HERE IS THE REASON MY DADDY TAUGHT ME TO BURY MY MONEY IN THE BACKYARD !!!!.THEM DARN BANKS AIN'T GONNA GET MY SAVIN'S !!.BANKERS,LAWYERS,POLITICIANS, CAN'T TRUST NONE OF THEM !!!DADDY TOLD ME,GOD REST HIS SOUL, THAT IF YOU EARN IT,KEEP IT IN MOTHER EARTH THAT WE LIVE ON AND SHE WILL NOT LET YOU DOWN.MY DADDY WAS A WISE MAN LOOKS LIKE Yeah ... The bankers won't get ya money if'n it's in ya backyard ... The Gov'mint tax collectors will get either ya money or ya backyard. |
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Veteran
Posts: 219
Location: Mt. Clemens, MI 48043 | This has been going on for over 6 months. When the government saved the first bank (forgot name). I keep telling people that the banks are protected but that does not mean you get your money right away. My grandmother lost all her money so she used the credit union and instructed me to use it to. She also had a bank account but just for bills. Congress and the Senate should realize that they should be fighting for the same reason - to help out the taxpayers. This happened only once during the Depression. I really have the just wait it out attitude. When you have nothing, you can't give nothing. So have the Donkey kick that to the IRS, Senate, and Congress and by the way see what comes out of the Elephant. |
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Location: Rocky Mount N.C. | That music video didn't last long! |
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Expert
Posts: 1283
Location: Home of Wild Turkey Whiskey | That's funny they killed the video, there must have been to much truth in it. |
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Expert
Posts: 1283
Location: Home of Wild Turkey Whiskey | It's Back!!!!! http://www.youtube.com/watch?v=1RZVw3no2A4 |
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Expert
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Location: michigan | This is a treasure of good information- must viewing. I wonder how gard is gonna spin this one? |
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Elite Veteran
Posts: 1069
Location: MI. | I wish it would play a little slower. I couldn't thoroughly read everything. That bothers me....... |
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Expert
Posts: 1283
Location: Home of Wild Turkey Whiskey | Originally written by Gone on 2008-10-01 5:39 AM
I wish it would play a little slower. I couldn't thoroughly read everything. That bothers me....... You can stop it along the way. When you do, it becomes even more alarming. |
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Veteran
Posts: 296
Location: Tennessee | Remember when Enron collapsed and Lay, Skilling, Fastow and the rest got hauled in front of congress? Think we will see Raines and his ilk hauled out in front of congress? Not likely with these folks in the majority:
http://bit.ly/2x5eYD
This is interesting, too:
http://bit.ly/4ynX3D
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Location: Central Arkansas | And the plot thickens................. |
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Expert
Posts: 2953
Location: North Carolina | After seeing the above contribution lists, Paraphrasing a bit ... Voting for Obama is like hiring an arsonist to fight a house fire. |
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 Elite Veteran
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Location: Never miss a good chance to shut up. | Good video - both of them. The "Burning Down the House" video was up only a couple of days when they yanked it for music copyright infringements, even though the "Fair Doctrine Act" would have protected it. It sure was enlightening. This one is VERY interesting. http://www.youtube.com/watch?v=3p1Wc2NFa3w This is NOT a problem started by both parties. It was the democrats who put the easy credit plans in place to help more people afford housing, and regulation oversight was kind of - ignored. The repbublicans tried several years ago to put the brakes on. Both Bush and McCain. They were literally cursed. |
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Elite Veteran
Posts: 1069
Location: MI. | Have any of you checked your 401k? Over $30,000 down..........I'm going to get a drink.
Edited by Gone 2008-10-01 11:15 AM
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Expert
Posts: 1283
Location: Home of Wild Turkey Whiskey | Originally written by Gone on 2008-10-01 11:03 AM
Has any of you checked your 401k? Over $30,000 down..........I'm going to get a drink. This "bailout" is not going to help that. Unless you are invested in banks. |
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Expert
Posts: 1723
Location: michigan | Does this mean Washington Mutual will forget I owed some money on my Visa card???? |
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Posts: 296
Location: Tennessee | They might, but JP Morgan Chase probably won't LOL. |
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Elite Veteran
Posts: 1069
Location: MI. | Originally written by farmbabe on 2008-10-01 12:52 PM
Does this mean Washington Mutual will forget I owed some money on my Visa card???? Hee Hee....
Edited by Gone 2008-10-01 12:44 PM
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Extreme Veteran
Posts: 544
Location: Claxton, Ga. | Well, you know when you hear certain people talk only lies come out of there mouth..... Yeap, that is Obama. |
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Expert
Posts: 2614
| I saw this guy's user name the other day on the Topix,and it was "NoBama".I thought that was a good one! |
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 Expert
Posts: 1871
Location: NY | we all have to hang on ,keep your hands in the car at all times and wait for the car to come to a complete stop before doing anything |
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Regular
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Location: beaumont texas | i certainly don't profess to understand all the nuances about this situation. however, i do understand that if i can't pay off my credit cards each month, then i don't buy whatever it is i THINK i need (or whatever the media/advertising people are telling me i need.) my kids whine because we shop for their clothes at sam's club, target, etc. we don't drive fancy cars or trucks. our house is paid for, our cars are paid for. sure, we all want nice things (in my case it would be a bigger trailer, a fancier horse) but if i don't have the money for it, guess what, i don't get it. so now my tax dollars will go to bail out lots of folks living beyond their means??? divide up that $700 billion among every legal american adult and, even after paying taxes on it, i could run out and go get that new trailer... i am sure it is much more complicated than that, but still... |
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Veteran
Posts: 296
Location: Tennessee | Originally written by amysbean on 2008-10-02 11:04 AM
so now my tax dollars will go to bail out lots of folks living beyond their means???. i am sure it is much more complicated than that, but still...
Not really...that's about it in a nutshell.
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Expert
Posts: 2953
Location: North Carolina | Originally written by amysbean on 2008-10-02 1:04 PM divide up that $700 billion among every legal american adult and, even after paying taxes on it, i could run out and go get that new trailer... i am sure it is much more complicated than that, but still... Greedy lenders and over-reaching borrowers... We're bailing them out. Too bad $700,000,000,000 divided by 210,000,000 means $3,333 of hard earned money is taken from each of us. IF we all shared equally...but it isn't !! Some have already gotten a pay-out from the loan they walked away from. Or like Franklin Raines (disgraced former head of Fannie Mae) gotten MILLION$ |
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Expert
Posts: 1283
Location: Home of Wild Turkey Whiskey | Well the only way they ould get this bucket of horseturds called a "bailout bill" to pass was to load it up with "PORK". We will now be subsidising wooden arrows from North Caroilina, and helping the folks from Alaska who were affected by the Exxon Valdez, that's right the Valdez, it happened 18 years ago. I could go on and on, but I'm to ticked off about it. |
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Expert
Posts: 2953
Location: North Carolina | We working people need to get MAD and ANGRY. Angry at Greg Meeks (D-New York) posturing and protecting the robbers of our efforts at providing for our family. Angry at Arthur Davis (D-Alabama) Angry at Maxine Waters (D-California) Angry at Barney Franks (D-Massachusetts) Angry at Lacey Clay (D-Missouri) WHY? click here > http://www.youtube.com/watch?v=_MGT_cSi7Rs Notice a pattern here ??? VOTE against the (D's) Damn Democrats where ever You are. Or be slaves to their system, allowing them to steal from YOUR children!
Edited by hosspuller 2008-10-02 11:56 AM
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Veteran
Posts: 148
Location: South of Dallas | Originally written by DaveM on 2008-10-01 10:21 AM This is NOT a problem started by both parties. It was the democrats who put the easy credit plans in place to help more people afford housing, and regulation oversight was kind of - ignored. The repbublicans tried several years ago to put the brakes on. Both Bush and McCain. They were literally cursed. THANK YOU!! Thank you Dave for saying it out loud!! I work in the health field surrounded by flaming liberals all day long. My best friend is one also. Can't get her to listen long enough to even hear the "other side of the story". Everything, EVERYTHING is the fault of the Republicans and Bush!
Edited by wendmil 2008-10-02 11:59 AM
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Location: Where the wind comes sweepin' down the plain... | Look at this one.... http://www.youtube.com/watch?v=cMnSp4qEXNM&feature=related |
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Expert
Posts: 2614
| Originally written by brushycreekranch on 2008-10-01 9:02 AM
And the plot thickens................. And the gap widens!!! |
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Extreme Veteran
Posts: 522
Location: Tucumcari NM | I am just like the rest of you. I have worked my ****** off since I was old enough to wash a window or change a diaper. I have saved and scrimped all my life so that I could afford to do things I wanted to do later. Now my retirement is threatened by folks who bought homes they knew they couldent afford, by greedy mortgage companies, by crooked politicians. We should go to the polls and vote out every single politician who does not meet out standards, but then again, they have a whole treasure chest of our money with which to buy votes. It will be an uphill battle. Maybe impossible. Marla |
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.jpg) Expert
Posts: 2828
Location: Southern New Mexico | I want to know who came up with the idea of letting a judge not only reduce the interest rates of homes up for forclosure but also have the power to adjust the principal on those loans. I can't find the article I read on it but that pisses me off. They agreed to pay that price I don't know why they should be able to adjust the price after words. If they are going to renegotiate the contract fine, but give them a fixed rate at the price they agreed to. |
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Extreme Veteran
Posts: 522
Location: Tucumcari NM | All the politicians jump on the bandwagon of "greedy lenders" and predatory practices. Well, yes, they are in business to make money. Aren't we all? The people who signed on for these morgages were not 12 years old. They knew that if they take home $200 a week they can't afford a $1000 a month morgage. They were adults who had choices to make. It should be up to them to live with the consequences of those choices, whatever they may be. That is, after all, what the rest of us are required to do. Marla |
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 Extreme Veteran
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Location: Illinois | Oddly, I believe a lot of the original reform was just to stop lenders from discriminating based on race or where they lived, not based on their credit history. I don't believe it was a free for all, lend to them no matter what. A lot of what went wrong had nothing to do with that, but predatory practices of lenders. Selling people on ARM loans when they weren't appropriate for those people. Especially now when rates are low. Yes I say rates are low. Anything under 9 percent is low. I remember a time they were closer to 20 percent. Just because some people lucked into around 5, doesn't make 6-7 percent high. I have no problem helping people that got suckered in on the ARM loans, I do have a problem giving them better rates then the people that were smart enough to get fixed rate loans on houses they could afford at the same time. Which is where I take my next point, a lot of the responsibility should be on the home buyer, as many of these people jumped on the ARM loans so they could buy more expensive houses then they actually could afford. This keeping up with or exceeding the Jones' phenomena needs to stop somewhere. One of the reasons I bought the little house I bought, heck the car I bought too, and even the truck I have now (it was 12 years old when I bought it 4 years ago, but I could buy it for cash) was I wanted to be able to afford other things, like my horses and occasional trips. I often laugh when people that all they can afford is their big SUV and house wonder how I can afford what I have. Um, didn't need a flashy house or car. Just that simple. Granted the horse thing is starting to put a strain as board has gone up significantly in the past two years, that is by November $65 a month per horse in less then 2 and a half years. I think we are just getting primed for another increase in the spring as well. Not to mention the old man's senior feed has more then doubled in less then 8 years. Ugh. No easy answers, just gotta muddle through. |
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$700 BILLION........................................................ warning this is about politics.
