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.
[Show/Hide Quoted Message] (Quoting Message by Deep Freeze from Tuesday, March 24, 2009 7:34:47 AM)| |  | 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 |
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