Thanks Jerry Brown for helping to advance socialism and absolve irresponsible borrowers from their mistakes by blaming it on the lenders.
I agree with you.. but be careful here. Piggintons are now generally for socialism. When I joined this site in 05, everyone was for free market capitalism, personal responsibility, and people were generally anti bailouts, now they all cry foul and and have massive entitlement issues here. 90% of the threads are now political in nature and mostly support socialist programs and beliefs and bash the opposition. Usually hate/profanity is involved in their responses. When the only politician thus far made a brave comment to the effect of placing some of the blame back on the irresponsible borrowers, and encouraged Americans to live "within their means", that politician got slammed.
This morning in PBS radio, someone commented that BoA would help home owners stay in their home and if it is not possible then they would help homeowners move to their new home.
Not sure what exactly does it mean but it surely looks like that if you bought a home you can't afford then it is a good deal for you
Submitted by cooprider on October 6, 2008 - 12:29pm.
I'm not for socialism, can't speak for the others here, but I do agree politicians have gone that awry for fear of appearing heartless, calloused, or sensible.
It's the same reason our state still allows illegals to receive free treatment at hospitals.
There are things fundamentally wrong with out society in the area of helping people who don't deserve it and BofA is (wrongly IMO) following suit.
I'm thinking of calling and asking them for a loan at 20% off of the principal. Why can't I pay back less than I own fomr the getgo, rather than default, renegotiate, and get the same effect?Yeah, tht probably makes too much sense.
Thanks Jerry Brown for helping to advance socialism and absolve irresponsible borrowers from their mistakes by blaming it on the lenders.
I agree with you.. but be careful here. Piggintons are now generally for socialism. When I joined this site in 05, everyone was for free market capitalism, personal responsibility, and people were generally anti bailouts, now they all cry foul and and have massive entitlement issues here. 90% of the threads are now political in nature and mostly support socialist programs and beliefs and bash the opposition. Usually hate/profanity is involved in their responses. When the only politician thus far made a brave comment to the effect of placing some of the blame back on the irresponsible borrowers, and encouraged Americans to live "within their means", that politician got slammed.
This morning in PBS radio, someone commented that BoA would help home owners stay in their home and if it is not possible then they would help homeowners move to their new home.
Not sure what exactly does it mean but it surely looks like that if you bought a home you can't afford then it is a good deal for you
I'm not for socialism, can't speak for the others here, but I do agree politicians have gone that awry for fear of appearing heartless, calloused, or sensible.
It's the same reason our state still allows illegals to receive free treatment at hospitals.
There are things fundamentally wrong with out society in the area of helping people who don't deserve it and BofA is (wrongly IMO) following suit.
I'm thinking of calling and asking them for a loan at 20% off of the principal. Why can't I pay back less than I own fomr the getgo, rather than default, renegotiate, and get the same effect?Yeah, tht probably makes too much sense.