Comments on: “Victims” Of Greed … Their Own

By: Mike Marks

Mike Marks — Sun, 21 Nov 2010 17:39:17 +0000

I will admit I had to sell short on a house over a year ago. It is not something I’m proud of or really wanted to do. I made some poor decisions combined with some “intersting life events” that lead to my unfortunate situation.

However, I did not and do not want Federal help. I made my mistakes and it’s my responsibility to learn and not make the same mistakes again.

I would not and will not accept federal help as it is not other Taxpayers responsibility to bail me out. With God’s help and some hard work on my part (and my wife’s) we are recovering from the results of our poor decisions.

This is the American way isn’t it?

By: Myron Pauli

Myron Pauli — Sun, 21 Nov 2010 09:02:35 +0000

Tomorrow, I am having money wired up for settlement on a home (I already OWN one). I will then OWN two homes (and, after I move, will sell the first). That means I have 100% equity. If someone puts 20% down, they own 20% of their home. If they put ZERO down, they own nothing – nada-zilch-bupkus.

They are not homeowners – they are SQUATTERS who signed some bunko paper so that some banks, bundlers, Fannies, Freddies, Dodds, Bushes, and Franks can trade CDO derivatives and brag about the high rate of “home ownership”. Now the Moocher-hideen bunko artists are trying to either tax me or inflate me to cover their idiotic losses. This is indicative of a nation that despises sound money and has no respect for the integrity of PRIVATE PROPERTY.

By: Abelard Lindsey

Abelard Lindsey — Sat, 20 Nov 2010 19:21:04 +0000

Parasites. There are parasites and there are rent-seeking parasites.

By: ThePaganTemple

ThePaganTemple — Sat, 20 Nov 2010 14:55:20 +0000

Its hard for me to have sympathy for people who are mostly victims of their own stupidity. In this case, that would include the lenders as much as the borrowers. Look at how these punks have affected almost everybody. Just the impact of the housing bubble on property taxes alone in many areas is enough to kill any sympathy I would ordinarily have for somebody that loses their home.

I’m not really that smart a guy, and I warned anybody that would listen for years about this housing situation before it became a major issue, and this was back in the days when I didn’t know Fannie Mae and Freddie Mac from Ma and Pa Kettle.

Why are so many people so incurably stupid?

Guaranteed, once this is finally settled, it won’t take two years before this will happen again in some other area of the economy, and the same stupid people will fall for it all over again.