“….appear to be giving the impression here that you think it’s all okay and it’s “all going to work itself out” in 5, 10, 15 or 20 years. ”
and then in the same thread you say…
“…never stated that you personally condoned the “deadbeat homedebtor” being coddled. But you have “given the impression” here of late that you don’t much care, one way or the other. ”
It has become quite comical.
***************
What I post is the reality of the situation. Plain and simple. Way back in the day, long before you came around, I was one of the few that posted my thoughts about how we better watch out because our own govt would indeed take measures that would be counterproductive allowing the market to correct in a natural manner. This was well before TARP, well before bailouts, well before loan mods… on and on. Furthermore I was one of the few who have argued against all of those same issues, consistently…Go look it up…
Now because all of these measures have actually accomplished what the govt wanted, I have posted about that and acknowledged that. You can continue to be delusional and think they have not but they have. What we have witnessed will probably go down as one of the biggest thefts in history. The process continues to be perpetuated. Institutional profits have been quite robust through this entire process and the taxpayers have footed the bill. Moral hazard has been tossed out the window. Yes this has happened and it is pretty damn sad. You can pop your meds and post about it all day.
Guess what? We already know.
With regards to my personal property which has depreciated since I bought it in 2003, I have never once whined about it. I could have walked but I didn’t. Big deal. I am not happy about those who have and loan mods and all the fraud going on. I have posted about it as well….You however have made it a point to cry a river to all of us about your property and the neighboring sales. Here is a news flash…
WE
DONT
CARE
My perspective is that it is a hell of alot better to acknowledge the reality of the situation and counsel people about how things really are and how they will play out. That way they can make informed decisions.
