Please contact your local Stratist priest, where you will recieve you penance.

		Deep Freeze wrote:
		My sincerest apologies, oh he of great flatulence. I am clearly not worthy........ HA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!      _strat_ wrote: Commoner! I was modest enough to share my wisdom with you, and thats how you treat me? I fart in you general direction!      Deep Freeze wrote: HAA!!!!!!!!!!!!!!!!! You want to talk about interest rates...???? HAAAAAAAHAHAHAHAHAHAHAHAHAAAAAAA!!!!!!!!!!!!!!!!      _strat_ wrote: Youre telling me? I have many talents, and Im very modest too. Infact, you could say that modesty is just one of my many traits.      Deep Freeze wrote: Ah, my friend! I am a man of many talents!      _strat_ wrote: Nah... You dont have to be like him (although you do a very good impression of him - talk to him, learn his language!). Ive just posted a pic of Darth Vader with the lines "I find your lack of win disturbing - may the fail be with you". That was enough to set him off. Since when do you speak Hebrew?      Deep Freeze wrote: HA!!!!!!!!!!!!!!!!!!!!!! It is a Yiddish (Jewish) word. It means "nothing." HAHAHAHAHAAA!!!!!!!  I had NO idea that I would need to go to such great lengths to get a "rise" out of that idiot. I do not wish to engage him that badly! I really do not think he will be back. Justin seems to have made his point quite clear!      _strat_ wrote: Lol... No, no, no... I doesnt work that way!!! Lmao... You have to PM him first! Push his buttons! Oh, and I know I will probably regret asking this, but what is bubkus?      Deep Freeze wrote: He actually PM'd you, strat???? You're kidding? After I flamed him or before I did so?? You know, that is NOT fair! I go over there, post as nasty a set of comments as I am capable, call him everything I can think of, do everything but bring his mother into it and I get NOTHING! ZIP! NADA! BUBKUS!!! I believe I have wasted a great rant!!!   HA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Youre telling me? I have many talents, and Im very modest too. Infact, you could say that modesty is just one of my many traits.

		Deep Freeze wrote:
		Ah, my friend! I am a man of many talents!      _strat_ wrote: Nah... You dont have to be like him (although you do a very good impression of him - talk to him, learn his language!). Ive just posted a pic of Darth Vader with the lines "I find your lack of win disturbing - may the fail be with you". That was enough to set him off. Since when do you speak Hebrew?      Deep Freeze wrote: HA!!!!!!!!!!!!!!!!!!!!!! It is a Yiddish (Jewish) word. It means "nothing." HAHAHAHAHAAA!!!!!!!  I had NO idea that I would need to go to such great lengths to get a "rise" out of that idiot. I do not wish to engage him that badly! I really do not think he will be back. Justin seems to have made his point quite clear!      _strat_ wrote: Lol... No, no, no... I doesnt work that way!!! Lmao... You have to PM him first! Push his buttons! Oh, and I know I will probably regret asking this, but what is bubkus?      Deep Freeze wrote: He actually PM'd you, strat???? You're kidding? After I flamed him or before I did so?? You know, that is NOT fair! I go over there, post as nasty a set of comments as I am capable, call him everything I can think of, do everything but bring his mother into it and I get NOTHING! ZIP! NADA! BUBKUS!!! I believe I have wasted a great rant!!!   HA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Yeah I agree..  I wanted everything to be legal.. So I took it to H&R block here... Since I had to file with 2 countries.

But I went to get them last week to mail into the USA.. and they were wrong... She screwed up a bunch of stuff.   400.00 dollars later and 9-11 errors I found after looking it all over.. And showed it to them they have to re-do them.  
Not to cost me anything..  But the woman says oh I guess I shoul have looked it all over before I had you sign..
Well DUH.. isnt that what Iam paying you for..  

I had a 60,000 income increase from the sale of a house.. I knew I would owe some money on ect... Which I planned for.  And she insited I was getting 1,600.00 backfrom the state of Montana.. I actually owe the 1,600.00 dollars..

Hopefully its all corrected ect.. and I can pick them up this week 

Cluster F*ck.. as Usual..... 

I just have to laugh.. I mean Can anything o right?? lol  Thank god for humor otherwise I would need to be heavily sedated. 

MG~

		Deep Freeze wrote:
		Do it yourself?? NEVER! Even I have an accountant, my dear. I do not operate on myself either! I have a doctor for that. I am the kind of person that leaves these things to the professionals.      MG_Metalgoddess wrote:   Class dismissed.. thats cute I understand... where you are coming from,  I must say Iam curious to see this program on the credit card  uproar. Make not to one-self.. :  have calculator out and ready!!  LOL   I mean just listening to them explaine that mortgage mess.. I wonder how many people actually were able to follow what the reporter was talking about in their explaining the whole fiasco. Well another day closer to Friday,.,, Hopefully I dont find any more errors, when the top account re-does my american taxes for last year.. I prob pissed them off by pointing out the errors, and mis calculations.. but hey.. I dont want to pay penalties.  they had me recieving money .. when I actually owed...  I want to get it done right and not have to worry about it, or be audited.. ( which is why I went to a proff to get them done.) Vrs- doing them myself.. I thought of all the legality ,,  Good Grief.. LOL  All I can do Is laugh I guess.. where do you go ?? LOL Hugs MG~      Deep Freeze wrote:   Good Day to you all!!! Very quiet here, I see. Hopefully, we are all studying about mortgages and interest!!  HA!!!!!!! Where the hell is strat??? OK, my "final" words on this subject; This is not a matter of "simple" interest. This is about amortized mortgage interest. An amortization table will show you how direct-reduction works. When you initially take a mortgage loan, your monthly payment is mostly interest and a little principal. In the first seven years or so, you pay only about 10% of the original balance. The rest is interest payment. It takes roughly 20 years to pay about HALF your balance!  Of course, the amount of the principal paid does increase year after year and, in the last five years or so, you get a reversal and are paying mostly principal and little interest. Keep in mind that, no matter how small the interest payment, you still are paying at the same interest rate. 6% is always 6% throughout the life of your loan. The interest you are paying is on the amount that is outstanding in any given year.  The dollar amount of interest you pay goes down because the balance (principal) goes down.  The interest rate is still constant. There are ways to get around the dollar amount paid. It is known as acceleration. Most people do this by paying a half-payment every two weeks instead of once a month. (Bi Weekly) this reduces the dollar amount of interest you pay IF you have a loan that allows it. THERE is ANOTHER story!! Pre-payment penalties! Usually, you are not allowed to pay more than 20% of the outstanding balance in  any given year because banks WANT that interest dollar! There is more but I think I have made my point. I have done this for TWENTY freakin years. It is not a simple formula. MOST people do not understand it and they pay far more than they have to as a result.  Class dismissed.

Class dismissed.. thats cute

I understand... where you are coming from,  I must say Iam curious to see this program on the credit card  uproar.

Make not to one-self.. :  have calculator out and ready!!  LOL  

I mean just listening to them explaine that mortgage mess.. I wonder how many people actually were able to follow what the reporter was talking about in their explaining the whole fiasco.

Well another day closer to Friday,.,, Hopefully I dont find any more errors, when the top account re-does my american taxes for last year.. I prob pissed them off by pointing out the errors, and mis calculations.. but hey.. I dont want to pay penalties.  they had me recieving money .. when I actually owed...  I want to get it done right and not have to worry about it, or be audited.. ( which is why I went to a proff to get them done.) Vrs- doing them myself.. I thought of all the legality ,,  Good Grief.. LOL 

All I can do Is laugh I guess.. where do you go ?? LOL

Hugs MG~

		Deep Freeze wrote:
		Good Day to you all!!! Very quiet here, I see. Hopefully, we are all studying about mortgages and interest!!  HA!!!!!!! Where the hell is strat??? OK, my "final" words on this subject; This is not a matter of "simple" interest. This is about amortized mortgage interest. An amortization table will show you how direct-reduction works. When you initially take a mortgage loan, your monthly payment is mostly interest and a little principal. In the first seven years or so, you pay only about 10% of the original balance. The rest is interest payment. It takes roughly 20 years to pay about HALF your balance!  Of course, the amount of the principal paid does increase year after year and, in the last five years or so, you get a reversal and are paying mostly principal and little interest. Keep in mind that, no matter how small the interest payment, you still are paying at the same interest rate. 6% is always 6% throughout the life of your loan. The interest you are paying is on the amount that is outstanding in any given year.  The dollar amount of interest you pay goes down because the balance (principal) goes down.  The interest rate is still constant. There are ways to get around the dollar amount paid. It is known as acceleration. Most people do this by paying a half-payment every two weeks instead of once a month. (Bi Weekly) this reduces the dollar amount of interest you pay IF you have a loan that allows it. THERE is ANOTHER story!! Pre-payment penalties! Usually, you are not allowed to pay more than 20% of the outstanding balance in  any given year because banks WANT that interest dollar! There is more but I think I have made my point. I have done this for TWENTY freakin years. It is not a simple formula. MOST people do not understand it and they pay far more than they have to as a result.  Class dismissed.

OK, I will try to give you an abbreviated version. As I mentioned earlier, it is a very complicated process. Here goes;

When mortgage loans are made (in this manner) they are put with others. Thousands are "bundled" and sold to Wall Street as "Mortgage Backed Securities". These loan pools are used to sell investors bonds and and other "secured" investments. They are the "collateral" you mentioned in an earlier post. The theory is, not all will go bad and the interest collected in a pool is far greater than the loss. Now, the problem comes when this system grows to a point where losses begin to overtake profit.  More and more of these "bad loans" go sideways and are supplemented by further bad loans. They are sold and re-sold to different investors throughout the world (so other economies are affected). As more bundled securities arrive and are sold, the risky loans that have gone bad slowly begin to affect the profit margin.  In the meantime, the loss loans now become foreclosures. These are sold at reduced rate and then picked up and re-mortgaged and placed into yet further pools. The values are watered down over time, and most of the time were inflated to begin with. This causes what is known as being "upside down"..property is worth less than the amount owed. Of course, that further disrupts the total value of the securities that are the basis of other investments.

I am being somewhat simple in my explanation. The fact is, this does affect other economies because they are sold on the market and investors from all over the world are involved. Not necessarily in mortgage investments, but in the resulting securities that the bundles fund.

		_strat_ wrote:
		True. So, now that we cleared that up, explain why are we in a reccesion, when it was the American citizens who took bad loans, and explain how that is connected.      Deep Freeze wrote:   At LAST!!! Someone that gets it...!!!  HAAAAAA!!!!!!!!!!!!!!!!!!!!!!! Oh thank you so much Ron!! You came in and said that people should take responsibility!!! WOW!!! Consequence for action!!! woo hoo!! At last! At last!! HAAAAAAAAAAAAHAHAHHAHAHAHAAA!!!!!!!!!!      ronhartsell wrote:   It still ultimately boils down to individual responsibility...I have to agree with the way Freeze put...income-outgoing=???...if that's a negative number, you don't have it...how much more complicated does it have to be??...just because it's 'offered' does NOT mean one should accept!!!  RESPONSIBILITY!!!!! Good morning fellow Metalheads!!!      Head banger wrote:   but, one of the large issues we are not addressing is government debt.  the US government owes so much, they destablize the economy just by their daily actions.  if the US federal debt was half, they owuld be much further ahead.  as the govt debt goes, realy, so does the banks, the corporations, and the citizens.      ronhartsell wrote:   Freeze, HB, MG, strat...all of you have nailed it...blaming the institution is only allowing the individual to escape responsibility!!!  No one was forced to sign their names on the dotted line, and that's what all of this boils down to...nothing more, nothing less!!! THERE ARE NO INNOCENT VICTIMS IN THIS EXCEPT THE TAX PAYER WHO DIDN'T TAKE OUT A LOAN YET HAS NO CHOICE IN WHERE THEIR TAX DOLLARS GO!!!      Deep Freeze wrote:   You know, maybe I should put this in the Pissed Off Thread but last night, the Princess and I were watching Dateline NBC and they were doing a report on the "mortgage crisis". Now, before strat goes postal on me just let me say that it truly IS a situation caused by greed and corruption. I get that.  Being in the business for twenty years, I saw my fair share of "questionable" loans. OK, now that I have prefaced my comments....: WHAT????!!!!!!!!!!! I sat here ready to friggin PUKE when I heard these morons talking on camera. There were THREE 'borrowers' that were interviewed and guess what they ALL had in common?? ALL three signed for a loan they could not afford ! Worse yet, they continue (probably for litigation reasons) to insist they had no fault!!! WHAT??!?!!??!?! Oh man. I nearly had a stroke!!!!! What the fu#@????????Look, I know there are bad people in businesses. People that would do things to make a buck regardless of right or wrong. I understand. What irritates me is these borrowers claiming they "did not know" that they could not afford a half-million dollar home on a $1600 a month salary! Or, they claim they believed it because the "lender said they could".. WHATEVER! This is FOURTH GRADE friggin math, people!!!! You make $1600 and the mortgage payment is $3000...um, it DOES NOT WORK. You cannot blame that on anyone but yourself !!!!!!!There was even one lady that bought like THREE properties and her income taxes showed she was LOSING money in her business every year!! (Her quote; 'Oh! Those are MY taxes??) Yet she went ahead and signed papers for millions of dollars in loans and now claims it is NOT her fault!!!!!!!!!! Riiiiiiight....... Disgusting.  Like I said, I get that the banks have some responsibility here. No doubt. But these losers that claim they have NO fault at all make me sick!!!!!!!!!!!! Stupid people should NOT buy homes!  I am SO sick of people blaming business for all there idiocy!   Edited at: Monday, March 23, 2009 9:11:57 AM Edited at: Monday, March 23, 2009 9:18:22 AM