Comments on: Senators urge dropping barriers to refinance

By: Elwood

Elwood — Thu, 13 Oct 2011 05:27:55 +0000

@ toothsucker

What have you been smoking?

Everyone knows Al Gore invented the internet!

By: Elwood

Elwood — Thu, 13 Oct 2011 05:25:09 +0000

@ toothsucker

What have you been smoking?

Is there any left?

Can I have some?

By: Truthclubber

Truthclubber — Wed, 12 Oct 2011 22:53:14 +0000

Life IS hard.

Life often is NOT fair.

However, people CAN be fair. They can be kind, caring, even thoughtful toward their fellow human beings, and not selfish, thoughtless, careless, heartless fascists like Hellwoody.

We CHOOSE how we want to treat (and thus be treated by) our fellow members of the large and small communities that we live in — and Hellwoody’s choice of social darwinism leads inevitably toward a police state (and riots, mobs, looting, fires burning out of control, general chaos, etc. — see related story: British Spring, Arab Spring, Israeli Spring — pick one).

Once upon a time in America we believed in a sense of community — of each of us helping each of us to survive — or at least that’s how it was in the Midwest given how harsh and severe the winters on the barren prairies could be; people literally needed each other to survive.

Now we seem to be headed toward “I’ve got mine, and I want yours, and I’ve got enough money to buy (or rent via a cop) a gun, so hand it over” — and that’s not a road that I (unlike Hellwoody the fascist) want to travel.

BTW, Hellwoody, “government” paid for the R&D that led to the development of Arpanet, the granddaddy of the Internet, which allows fascists like you to post your selfish rants on blogs like this — so for you, “government IS the answer” to your prayers.

By: Elwood

Elwood — Wed, 12 Oct 2011 17:38:42 +0000

@ #4

Life is hard.

Life is not fair.

Government is not the answer.

Get used to it.

By: Rickster

Rickster — Wed, 12 Oct 2011 06:25:40 +0000

There is potentially some merit to the proposal to remove loan-to-value limits. At 7.875%, my interest rate is high enough so a bank could pay off the loan at 3%, and extend a new loan to me at 5%. I’d save $700/month and they would still make money. I have never missed a house payment. But I’m sick of sweating a ridiculously high mortgage payment. Something has to change… ultimately, if I walk away from the house, that will be the solution for me… but the bank will lose money.

By: Truthclubber

Truthclubber — Tue, 11 Oct 2011 23:02:31 +0000

Here’s the fact check police running after that squealing litle fascist, Hellwoody, as he flys through the sky like a lying pig:

1) Everyone will NOT be covered under this proposal.
2) In 2008, the “government” was NOT telling lenders to ignore a borrower’s ability to repay. (2005 maybe, even 2006, but certainly not 2008.)

In spite of this fascist’s derisive attitude toward people who, through no fault of their own, bought a home at the wrong time with good credit and a good down payment, only to see themselves locked into usury, some people do care — even 4 Republican members of the US Senate.

By: Elwood

Elwood — Tue, 11 Oct 2011 22:46:01 +0000

Riiiiiiiiiiiiiiight! Everyone will get refinanced at a lower rate (remember 2008 when the government told the lenders that ability to repay would no longer be a consideration for lending?) and then they can all go sit out on their patios and watch the flying pigs.

By: Truthclubber

Truthclubber — Tue, 11 Oct 2011 22:02:10 +0000

OMFG!

Someone in Washington finally gets it with regard to how to get this stalled economy moving again!

Allow millions of homeowners who are massively underwater (but otherwise completely creditworthy) to escape the Catch-22 of their current situation (being more than 125% LTV on their home debt) that forces them to pay waaaaaaay too much of their monthly income to banks in the form of a mortgage rate much higher than what it needs to be, given the current “Crazy Bennie’s free money” yield curve!

Can we get a hallelujah?

http://www.youtube.com/watch?v=Q599y-tWYjA&feature=related