another obama endorsement.

#76
#76
Mr. Rockytop said:
Well first all, ignorance is expensive. I agree that alot of people who didn't read the terms of their loans are at fault. However, the loan officer, company, entity did a poor job of making alot of homebuyers aware of the conditions of thier loan. Those comapnies really didn't care to educate the homebuyers for the sake of fattening thier own pockets. When I was in the insurance industry years ago, I made sure that policyowners knew the benefits and features of thier policy. I educated my clients on the differences of term vs whole life vs variable life. As an agent at the time I felt it was in my best interest to make sure that they were completely aware. Of course, alot of people that jumped on the subprime mortgage bandwagon didn't read the conditions of the loan. However, moral fault lies with the mortgage companies who didn't ensure that their clients were not fully aware. The Government seemed to have no choice but to step in , because there were so many people losing there homes. So, are you guys saying to hell with these ignorant people, let them suffer ?
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Simply, yes. The government has no business in the business of protecting stupid people from themselves.

The comment about moral responsibility residing with the lender is ridiculous. Moral responsibility resides with the borrower to freaking pay the bills he signed up for or repay the money he borrowed. If he signed up for something stupid, he's earned his plight. Personal responsibility is much of what functioning within a democracy is about. Those begging today seem to me to be the ones uncomfortable with taking that responsibility and making something of it.
 
#78
#78
Mr. Rockytop said:
The other day a guy robbed a bank because he was about to lose his home. Now this is another person that I have to pay taxes for in the prison system. I think I would rather pinched in a little one time and helped him keep his home. Now God knows how much time he will get and he has to have clothes, food, and a bed while imprisoned. Now ,here will be more taxes to come if this keeps up !
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you could hypothetical me into the ground. People who rob banks should go to jail and work to earn their keep.

It's silliness to think that giving this guy free money was going to be a long term solution. He made his bed, he gets to sleep in it, just like I do mine.
 
#79
#79
BigPapaVol said:
Simply, yes. The government has no business in the business of protecting stupid people from themselves.

The comment about moral responsibility residing with the lender is ridiculous. Moral responsibility resides with the borrower to freaking pay the bills he signed up for or repay the money he borrowed. If he signed up for something stupid, he's earned his plight. Personal responsibility is much of what functioning within a democracy is about. Those begging today seem to me to be the ones uncomfortable with taking that responsibility and making something of it.
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Well I don't consider the middle class to be beggers, do you ? I am not speaking for people who sit home all day on their ass and collect welfare and food stamps. I am speaking about those who get up every morning and go to work.
 
#80
#80
GAVol said:
If he was that dumb, he was going to end up in jail eventually anyway. No need to buy him a house too. :crazy:
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Well I agree but GA, when that ass is against that wall even a good man will think irrational and do stupid things. I believe he could have definitely found another way.
 
#81
#81
Mr. Rockytop said:
Well I don't conside the niddle class to be beggers, do you ? I am not speaking for people who sit home all day on their ass and collect welfare and food stamps. I am speaking about thos who get up every morning and go to work.
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If you buy too much house and get into debt up to your eyeballs, you are worse off than a beggar. At least the beggar has a positive net worth.
 
#82
#82
Mr. Rockytop said:
nope not saying that, but is the blood in your veins so cold that you're basically saying fk'em ? It's sad to say but when people ass get backed against the wall, they begin to do foolish things that will affect everyone.
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that's patently absurd. In the Great Depression everyone had their backs against the wall. The vast majority put their heads down and struggled through it. Those making excuses for committing crimes were treated as criminals, as they should have been. Ditto those today.

Hard times as an excuse for crime is pathetic. Those buying into that drivel are simply enablers and only serve to exacerbate the problem.
 
#83
#83
BigPapaVol said:
you could hypothetical me into the ground. People who rob banks should go to jail and work to earn their keep.

It's silliness to think that giving this guy free money was going to be a long term solution. He made his bed, he gets to sleep in it, just like I do mine.
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See we never got into each other idealistic views, you guys focused more on personal attacks. However, I am glad that we are at this point now. I am not saying give free money, but some of those loans should be modified. A mortgage going from 900 a month to $2,400 a month is quite a hike.
 
#84
#84
Mr. Rockytop said:
See we never got into each other idealistic views, you guys focused more on personal attacks. However, I am glad that we are at this point now. I am not saying give free money, but some of those loans should be modified. A mortgage going from 900 a month to $2,400 a month is quite a hike.
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signing up for a mortgage of that nature is quite stupid and I guarantee you that it was fully disclosed.
 
#85
#85
BigPapaVol said:
signing up for a mortgage of that nature is quite stupid and I guarantee you that it was fully disclosed.
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Trust me it was not in all cases. I know young men who made a nice lilttle penny off the subprime mortgage business. That is what I said earlier, it is not about black or white. It is about green, money green. Alot of people were stunned, wehn their mortgages jumped. Yes it is mainly their fault. However trust me when I say that every loan officer didn't fully disclose the terms of the plan. There were alot of omissions of statements left out.
 
#86
#86
Mr. Rockytop said:
See we never got into each other idealistic views, you guys focused more on personal attacks. However, I am glad that we are at this point now. I am not saying give free money, but some of those loans should be modified. A mortgage going from 900 a month to $2,400 a month is quite a hike.
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Shouldn't have gone with that ARM so they could squeeze into the house for a few years. They were well aware it was going to go up.
 
#87
#87
Mr. Rockytop said:
However trust me when I say that every loan officer didn't fully disclose the terms of the plan. There were alot of omissions of statements left out.
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That happens no matter what the circumstances are. There are always going to be jacklegs.
 
#88
#88
JZVOL said:
Shouldn't have gone with that ARM so they could squeeze into the house for a few years. They were well aware it was going to go up.
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Yeah they were but alot of those people didn't know it was going to take such a hike. I am not sure if you ever worked on commissions before, but that is a cut throat business. There is no way in hell if you told me that my initial mortgage is going to be $1,000 and then in 15 months it will be $3,200 that I would've agreed to the loan.

Now if I didn't know any better and it was disclosed to me as if " your initial mortgage will be $1,000 and then in 15 months it will be increase just a little ,then I would agree. I am willing to bet you that there were unethical practices used while getting people to sign up for the those type of mortgages. There are entirely too many people that have been affected.
 
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#89
#89
Mr. Rockytop said:
Trust me it was not in all cases. I know young men who made a nice lilttle penny off the subprime mortgage business. That is what I said earlier, it is not about black or white. It is about green, money green. Alot of people were stunned, wehn their mortgages jumped. Yes it is mainly their fault. However trust me when I say that every loan officer didn't fully disclose the terms of the plan. There were alot of omissions of statements left out.
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federal law requires that they disclose exactly what the new interest rate sets to in the worst case. it was absolutely disclosed. people are stupid. you take any mortgage calulator online and it will tell you what you should be paying. if you are paying half of that you'd think you'd realize there isn't any free lunch.
 
#91
#91
Mr. Rockytop said:
Yeah they were but alot of those people didn't know it was going to take such a hike. I am not sure if you ever worked on commissions before, but that is a cut throat business. There is no way in hell if you told me that my initial mortgage is going ot be $1,000 and then in 15 months it will be $3,200 that I would agreed.

Now if I didn't know any better and it was disclosed to me as if " $1,000 and then in 15 months it will be increase just a little ,then I would agreed. I am willing to bet you that there were unethical practices used while getting people to sign up for the those type of mortgages. There are entirely too many people that have been affected.
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the issues what that the government pushed for low income people to get loans which they couldn't afford. ACORN pressured banks with lawsuit threats if they didn't follow some community act that clinton wrote up in the 90's. These banks gave the loans and people couldn't afford them.
 
#92
#92
Well for you guys that came in on the end I respect your views and opinions. I don't agree with all of them, but I do respect them. I am off for a few, see you later !

By the way Groves, I know this is off topic but while you're here, what is the news of Phil leaving at the end of the season. I am not confident in the newbie posters that are saying they have this or that inside source, have you heard anything ?
 
#93
#93
Mr. Rockytop said:
Yeah they were but alot of those people didn't know it was going to take such a hike. I am not sure if you ever worked on commissions before, but that is a cut throat business. There is no way in hell if you told me that my initial mortgage is going ot be $1,000 and then in 15 months it will be $3,200 that I would agreed.

Now if I didn't know any better and it was disclosed to me as if " $1,000 and then in 15 months it will be increase just a little ,then I would agreed. I am willing to bet you that there were unethical practices used while getting people to sign up for the those type of mortgages. There are entirely too many people that have been affected.
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again, you're absolving people of their personal responsibility. When you sign up for a loan, it's on you. I understand the point you're making, but the gov't can't be responsible for the stupid people. Those doing things dirty will get their in the end.
 
#94
#94
Mr. Rockytop said:
Yeah they were but alot of those people didn't know it was going to take such a hike. I am not sure if you ever worked on commissions before, but that is a cut throat business. There is no way in hell if you told me that my initial mortgage is going to be $1,000 and then in 15 months it will be $3,200 that I would've agreed to the loan.

Now if I didn't know any better and it was disclosed to me as if " your initial mortgage will be $1,000 and then in 15 months it will be increase just a little ,then I would agree. I am willing to bet you that there were unethical practices used while getting people to sign up for the those type of mortgages. There are entirely too many people that have been affected.
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I have a salary but most of my money comes from commission.

I have gone through the process of buying a home and getting rates etc and every time i have clearly seen what my rates would look like with an ARM.

If the buyer doesn't do their research that sucks but it's their own fault and not the governments place to bail them out.
 
#95
#95
Mr. Rockytop said:
Well for you guys that came in on the end I respect your views and opinions. I don't agree with all of them, but I do respect them. I am off for a few, see you later !

By the way Groves, I know this is off topic but while you're here, what is the news of Phil leaving at the end of the season. I am not confident in the newbie posters that are saying they have this or that inside source, have you heard anything ?
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Slightly lower than the odds you're voting for Obama
 
#99
#99
BigPapaVol said:
again, you're absolving people of their personal responsibility. When you sign up for a loan, it's on you. I understand the point you're making, but the gov't can't be responsible for the stupid people. Those doing things dirty will get their in the end.
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bigpapa, obama is going pay all our debts. just like Christ did when he died on the cross. instead of a cross he's going be in the white house. all we have to do is pledge our allegiance to him. it's so simple.
 
#100
#100
Mr. Rockytop said:
Your welcome, don't be mad because I am your worst nightmare. And no, it's not because I don't have a gun stuck in your mouth. However, you know why ? I will send you an email invite to my graduation, oh by the way summa cum laude, trick !
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That tough talk is cheap. Have you ever been in a real gunfight? It doesn't go down like it does on TV. It's a whole different story when you start seeing muzzle flashes in your direction.

Mr. Rockytop said:
There is no need to be intelligent on a sports board. It's called free writing. I figure the farm couldn't teach you anything about that. I will enlighten you. It simply a form of rough writing where nothing is proof read. I don't have to use proper grammar or punctations to communicate with you. Hell, you're probably so far under my tax bracket that I will have to squat down and give you a economic lift. You are nothing to me. There is nothing that you can say or do to increase or decrease my financial state, so please leave. I am tired of your buffoonery.
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Are you friends with asshat69? That's his trick when getting his ass handed to him. Try and convince people how much he is worth.

Mr. Rockytop said:
Yeah because it is WHITES like you and your other little cronies on here that assume the worse in everyone else. Who gives you the right to think that you're right and everyone else is wrong. Now you picked and chose what you wanted in the statement that I sent. There was no complete comprehension of what was stated. I made the statement that I was the other's guy worse nightmare and not because I had a gun in my hand sticking it in his mouth.

However, all you see was gun in mouth and went on the defensive. Read the whole damn thing, better yet STFU !
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WHITES don't have to assume anything about BLACKS. We watch the six o'clock news.

Mr. Rockytop said:
Well for you guys that came in on the end I respect your views and opinions. I don't agree with all of them, but I do respect them. I am off for a few, see you later !

By the way Groves, I know this is off topic but while you're here, what is the news of Phil leaving at the end of the season. I am not confident in the newbie posters that are saying they have this or that inside source, have you heard anything ?
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I call bulls***. You have branded anyone who doesn't agree with you as a racist.
 
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