comments

1. #1    I see two more about to go. I've had my fill of trying to deal with good people - especially young folks - trapped by unscrupulous lenders and mortgage brokers. I'm not a real estate lawyer - I'm a civil rights / employment discrimination lawyer - and my clients are bringing their mortgages to me.
   
   I have a young airline pilot - who bought a house - where the pilot went wrong (and, pilots have very, very high self confidence) was when s/he bought a home near the airline hub without hiring an attorney to review the purchase. After the fact I find that there were two origination loans - one for a figure about right for the houses in the area and a "home equity" loan of $35k + a ...
   
   » ver todo el comentario
   written by grolaw since 578 days 11 minutes
2. #2    Phil Gramm, McCains chief economic advisor until Thursday, thought his de-regulation policies were good for the country. This is what happens when banks, utilities, and other segments of our economy are run without government oversight. Congress MUST return to the regulations set up during the depression. The regulations gave Americans and foreign investors confidence in our economy. Capitalism is great until individual greed gets into the picture. The regulations of the past have protected the average person from these excessive risk takers.
   written by tahoeprogressive since 577 days 22 hours 16 minutes
3. #3    and every time Bushs with their clouds of thieves are around, the money starts evaporating and a trail of murder and destruction follows - and we all just sit around allowing it to happen - there is no hope for the human race
   written by bee since 577 days 21 hours 54 minutes
4. #4    Let's connect the dots.
   
   In the first article below: "....'90-'91 ...when 502 banks failed in 3 years" WAS THE END OF THE FIRST BUSH PRESIDENCY!!!
   ~~~
   In addition to creating Bank failures: 70% of the CURRENT US National Debt was created by 3 Presidents - R Reagan, HW Bush, GW Bush.
   ~~~
   When Reagan came into office the US was the worlds largest Creditor Nation. Today the US is the Worlds Largest DEBTOR Nation
   ~~~
   GET IT ?
   
   March 2008
   FDIC Boosts Key Staff by 140 Ahead of Expected Bank Failures: http://www.housingwire.com/2008/03/26/fdic-boosts-key-staff-by-140-ahead-of-expected-bank-failures/
   "… The last time the agency was hit hard with failures was during...
   
   » ver todo el comentario
   written by PHred42 since 577 days 21 hours 49 minutes
5. #5    Looked up the salary of the Prez of IndyMac. He was talking up the institution's situation so effectively he got a bonus of $808,333 on top of his cool one million salary and over $100,000 of misc perks.
   Ask him for his money back!
   written by babaloo since 577 days 21 hours 42 minutes
6. #6    Stockholders & the SEC should have know & taken action to JAIL THE THUG & HIS CO-CONSPIRATORS. But no. The Stockholders & SEC were - AS USUAL -COMPLICIT! When will Americans wake the heck up & realize who their REAL ENEMY IS?! If an American in this day and age is making LESS THAN $50,000, S/HE'S BEING ROBBED by the SAME THUGS ROBBING & PILLAGING the Nation, the Economy & the MIDDLE EAST.
   WHO, you say? THE WEALTHY WHITE BOY 10%-ERS ABETTED BY the 2 POLITICAL PARTIES!
   written by MotherJones since 577 days 20 hours 14 minutes
7. #7    I can understand a sewage facility named after G W Bush not a library.
   Its the greatest recession since the great depression with G W Bush in office.
   The Reagon era was tame compared to George II. Enron was the poster child of the
   Bush philosophy. Get what you can while the getting is good. And then take the chance
   of getting caught if the law is not yet in your favor.
   A bunch of criminals run the show and all should be in prison sooner than later...
   The citizens of this country are held hostage to the Bush regime.. and there is
   little option of getting out ///
   written by makesenseofit since 577 days 18 hours 52 minutes
8. #8    um...there's no recession, remember? no recession at all! but on january 21, 2009, the obama depression will hit this country like katrina, and THERE IS NO POSSIBLE WAY ANYONE COULD HAVE ANTICIPATED IT, AND IT WILL BE ALL OBAMA'S FAULT, AND ANYWAY HISTORY WILL SET BUSH FREE IN A HUNDRED YEARS SO THERE.
   
   (repeat until republican.)
   written by bick since 577 days 18 hours 30 minutes
9. #9    PHred42, what makes me mad is that no one points out who these banks or institutions are that are about to fail, so that people who have money in them can get their money out BEFORE the feds arrive. This is what makes one more paranoid and more paranoid is the idea if no one is talking, then how much of this has been planned.
   
   We already know, with the savings and loan debacle, that the housing bubble is another big scam and scandal from Wall Street up or Wall Street down, whichever way you want to look at it. This thing is soooooo horrible that 30 years of this cannot be cleaned up overnight, especially when you have the Federal Reserve a willing participant in moving the economy backward.
   
   GEEEEEEEEEEEEEEEEEEEEEZZZZZZZZZZZZZZZZZZZZZZZZZZ!!!
   written by Sparrows since 577 days 18 hours 14 minutes
10. #10    You could see this thing coming light years away, ever since deregulation and the first casualty, the Savings and Laon indsutry. That cost the nation almost a trillion dollars (1985 dollars). this is the result of the fox watching the henhouse. Like tahoeprogressive says above, its DEREGULATION STUPID! Power to the corporations!!!!
    written by oekoman since 577 days 18 hours 4 minutes
11. #11    How far in the sand does one have to have his,or her head to not know that the economic policies of this Administration has "BANKRUPTED" America.What don't some people understand about being "BROKE",yet many are willing to put "Another "Bush right back in the white house.
    written by travman845 since 577 days 17 hours 52 minutes
12. #12    OH NO! we're entering the slump portion of the boom-->bust cycle that's built into the capitalist economic system. How many times has the exact same thing happened before? Nothing quite beckons one to ignore history like living through 1 of it's repetitions. It's striking to me just how many of the horrible events of history are being simultaneously visited upon us.
    written by euthyfro since 577 days 13 hours 41 minutes
13. #13    funny how the bust is only a bust for the victims of this exploitation. It's not a bust for Bush and his "base". He gave them their mandate.
    written by justseeit since 577 days 11 hours 55 minutes
14. #14    Aw shucks it's just a little rough spot in the road according to Bushspeak. You can bet that the Bush cronies are getting all they can while they can, while fleecing the rest of us.
    written by ernieson since 576 days 21 hours 28 minutes
15. #15    InyMac customers may be the lucky ones because IndyMac is in the first group of failures. FDIC can cover them. If this continues, FDIC may become defunct with subsequent bank customers getting nothing. Will the Fed then print more fiat money making dollars not worth the paper on which they are printed? This could be quite a quandry.
    written by ernieson since 576 days 21 hours 17 minutes
16. #16    REGULATION SCHMEGULATION..... all them damn government regulations do is grow the government and that is bad
    
    so is raising taxes... even tho the taxes take from the greedy MFs and support the poor, taxes are bad
    
    and clean energy... the coal industry tells me coal is clean.... and the bible tells me the bible is the law
    
    IF THOSE DAMN SISSYFIED LIBERALS would just let our TRICKLE DOWN economics trickle on them for a while.....
    written by codypup since 575 days 22 hours 9 minutes
17. #17    Right,codypup. Trickle down...I say "Don't pee on my leg and tell me it's raining."
    written by justseeit since 575 days 21 hours 56 minutes

trackbacks

• (no trackbacks)
•  según Technorati