Govt planning principal reductions

[Hatfield]

>I pay hundreds of thousands in taxes each year.
>I have never bought a home, because I didn’t
>think I could afford a decent one and, at the
>same time, save enough for my future retirement
>and health expenses.

Sorry, but this is when my “Jackass” alarm went off.

[blahblahblah]

Our entire system depends on debt. Debt makes the banker class wealthy, and the banker class controls the government, so of course they will work to maximize our debts. Those of us who save will be penalized through currency inflation and taxes. Note the tax breaks for home buyers, this gives an incentive to go into debt.

Bottom line is if you are a saver, don’t expect the government to do anything to help you. The banker class hates you. The next thing they will do is to “fix” people’s loans in some sort of interest-only arrangement so that they can stay in their houses. This will keep people from selling and will help to keep a floor under prices. It’s a political win-win! They keep the prices artificially high and keep people off the streets. Of course the “owners” are little more than tenants but they always were. The only losers are us savers that had hoped to one day own our homes free and clear.

I’m starting to think that the smartest people of the last 10 years were the Mexicans who went and got 5 or 10 Matricula Consulars under phony names, bought houses under these false identities, withdrew as much cash as possible from each with MEW and then absconded with the cash down to Jalisco to buy farms. Pure genius! I wish I would have thought of that. And they’ll never get caught either.

Although I would like to own a home here, I am fully prepared for the case where that never becomes possible.

[blahblahblah]

Our entire system depends on debt. Debt makes the banker class wealthy, and the banker class controls the government, so of course they will work to maximize our debts. Those of us who save will be penalized through currency inflation and taxes. Note the tax breaks for home buyers, this gives an incentive to go into debt.

Bottom line is if you are a saver, don’t expect the government to do anything to help you. The banker class hates you. The next thing they will do is to “fix” people’s loans in some sort of interest-only arrangement so that they can stay in their houses. This will keep people from selling and will help to keep a floor under prices. It’s a political win-win! They keep the prices artificially high and keep people off the streets. Of course the “owners” are little more than tenants but they always were. The only losers are us savers that had hoped to one day own our homes free and clear.

I’m starting to think that the smartest people of the last 10 years were the Mexicans who went and got 5 or 10 Matricula Consulars under phony names, bought houses under these false identities, withdrew as much cash as possible from each with MEW and then absconded with the cash down to Jalisco to buy farms. Pure genius! I wish I would have thought of that. And they’ll never get caught either.

Although I would like to own a home here, I am fully prepared for the case where that never becomes possible.

[blahblahblah]

Our entire system depends on debt. Debt makes the banker class wealthy, and the banker class controls the government, so of course they will work to maximize our debts. Those of us who save will be penalized through currency inflation and taxes. Note the tax breaks for home buyers, this gives an incentive to go into debt.

Bottom line is if you are a saver, don’t expect the government to do anything to help you. The banker class hates you. The next thing they will do is to “fix” people’s loans in some sort of interest-only arrangement so that they can stay in their houses. This will keep people from selling and will help to keep a floor under prices. It’s a political win-win! They keep the prices artificially high and keep people off the streets. Of course the “owners” are little more than tenants but they always were. The only losers are us savers that had hoped to one day own our homes free and clear.

I’m starting to think that the smartest people of the last 10 years were the Mexicans who went and got 5 or 10 Matricula Consulars under phony names, bought houses under these false identities, withdrew as much cash as possible from each with MEW and then absconded with the cash down to Jalisco to buy farms. Pure genius! I wish I would have thought of that. And they’ll never get caught either.

Although I would like to own a home here, I am fully prepared for the case where that never becomes possible.

[blahblahblah]

Our entire system depends on debt. Debt makes the banker class wealthy, and the banker class controls the government, so of course they will work to maximize our debts. Those of us who save will be penalized through currency inflation and taxes. Note the tax breaks for home buyers, this gives an incentive to go into debt.

Bottom line is if you are a saver, don’t expect the government to do anything to help you. The banker class hates you. The next thing they will do is to “fix” people’s loans in some sort of interest-only arrangement so that they can stay in their houses. This will keep people from selling and will help to keep a floor under prices. It’s a political win-win! They keep the prices artificially high and keep people off the streets. Of course the “owners” are little more than tenants but they always were. The only losers are us savers that had hoped to one day own our homes free and clear.

I’m starting to think that the smartest people of the last 10 years were the Mexicans who went and got 5 or 10 Matricula Consulars under phony names, bought houses under these false identities, withdrew as much cash as possible from each with MEW and then absconded with the cash down to Jalisco to buy farms. Pure genius! I wish I would have thought of that. And they’ll never get caught either.

Although I would like to own a home here, I am fully prepared for the case where that never becomes possible.

[blahblahblah]

Our entire system depends on debt. Debt makes the banker class wealthy, and the banker class controls the government, so of course they will work to maximize our debts. Those of us who save will be penalized through currency inflation and taxes. Note the tax breaks for home buyers, this gives an incentive to go into debt.

Bottom line is if you are a saver, don’t expect the government to do anything to help you. The banker class hates you. The next thing they will do is to “fix” people’s loans in some sort of interest-only arrangement so that they can stay in their houses. This will keep people from selling and will help to keep a floor under prices. It’s a political win-win! They keep the prices artificially high and keep people off the streets. Of course the “owners” are little more than tenants but they always were. The only losers are us savers that had hoped to one day own our homes free and clear.

I’m starting to think that the smartest people of the last 10 years were the Mexicans who went and got 5 or 10 Matricula Consulars under phony names, bought houses under these false identities, withdrew as much cash as possible from each with MEW and then absconded with the cash down to Jalisco to buy farms. Pure genius! I wish I would have thought of that. And they’ll never get caught either.

Although I would like to own a home here, I am fully prepared for the case where that never becomes possible.

[23109VC]

this is the BS that has ticked me off –

you are hardworking wage earner. you make good money but are not rich. all the morons who bought with toxic loans ran up prices of homes. your “good income” only allows you to buy an “average” home, while the dumba$$e$ bought mcmansions they never should have, but did b/c they were dumb and took out unsafe loans.

all the homes are now upside down. the idiots who don’t make enough to buy that 750k mansion now cry “unfair” and the gov’t is going to bail them out. they probably make less than 100k, probably far less – but yet they get a principal reduction, super low interest rates… you name it – let’s keep them in their mansion.

you the 100k+ earning hard worker, responsible guy – you try to get some assistance and they will tell you that you MAKE TOO MUCH and you don’t qualify.. just wait.

any of this bailout stuff will have strings attached so that most, if not all,of US here at piggington – who make decent money will be told we don’t qualify for relief…

so we keep working, keep paying taxes, and they take our tax money and essentially give it to the morons who bought houses they never should have.

this does nothing except piss people off and encourage people to find ways to scam or beat the system and be irresponsible.

what SHOULD happen is there should be NO bailout for anyone. if you crash and burn – good. you will be an example for everyone else to learn from – and people will pay their bills and not extend themselves. they will see that when you are irresponsible with your money – you suffer.

what we are teaching everyone is that you can do whatever you want – spend money you don’t have, buy things you can’t afford – and when the $hit hits the fan, you will get bailed out.

if you can’t beat them join them.

[23109VC]

this is the BS that has ticked me off –

you are hardworking wage earner. you make good money but are not rich. all the morons who bought with toxic loans ran up prices of homes. your “good income” only allows you to buy an “average” home, while the dumba$$e$ bought mcmansions they never should have, but did b/c they were dumb and took out unsafe loans.

all the homes are now upside down. the idiots who don’t make enough to buy that 750k mansion now cry “unfair” and the gov’t is going to bail them out. they probably make less than 100k, probably far less – but yet they get a principal reduction, super low interest rates… you name it – let’s keep them in their mansion.

you the 100k+ earning hard worker, responsible guy – you try to get some assistance and they will tell you that you MAKE TOO MUCH and you don’t qualify.. just wait.

any of this bailout stuff will have strings attached so that most, if not all,of US here at piggington – who make decent money will be told we don’t qualify for relief…

so we keep working, keep paying taxes, and they take our tax money and essentially give it to the morons who bought houses they never should have.

this does nothing except piss people off and encourage people to find ways to scam or beat the system and be irresponsible.

what SHOULD happen is there should be NO bailout for anyone. if you crash and burn – good. you will be an example for everyone else to learn from – and people will pay their bills and not extend themselves. they will see that when you are irresponsible with your money – you suffer.

what we are teaching everyone is that you can do whatever you want – spend money you don’t have, buy things you can’t afford – and when the $hit hits the fan, you will get bailed out.

if you can’t beat them join them.

[23109VC]

this is the BS that has ticked me off –

you are hardworking wage earner. you make good money but are not rich. all the morons who bought with toxic loans ran up prices of homes. your “good income” only allows you to buy an “average” home, while the dumba$$e$ bought mcmansions they never should have, but did b/c they were dumb and took out unsafe loans.

all the homes are now upside down. the idiots who don’t make enough to buy that 750k mansion now cry “unfair” and the gov’t is going to bail them out. they probably make less than 100k, probably far less – but yet they get a principal reduction, super low interest rates… you name it – let’s keep them in their mansion.

you the 100k+ earning hard worker, responsible guy – you try to get some assistance and they will tell you that you MAKE TOO MUCH and you don’t qualify.. just wait.

any of this bailout stuff will have strings attached so that most, if not all,of US here at piggington – who make decent money will be told we don’t qualify for relief…

so we keep working, keep paying taxes, and they take our tax money and essentially give it to the morons who bought houses they never should have.

this does nothing except piss people off and encourage people to find ways to scam or beat the system and be irresponsible.

what SHOULD happen is there should be NO bailout for anyone. if you crash and burn – good. you will be an example for everyone else to learn from – and people will pay their bills and not extend themselves. they will see that when you are irresponsible with your money – you suffer.

what we are teaching everyone is that you can do whatever you want – spend money you don’t have, buy things you can’t afford – and when the $hit hits the fan, you will get bailed out.

if you can’t beat them join them.

[23109VC]

this is the BS that has ticked me off –

you are hardworking wage earner. you make good money but are not rich. all the morons who bought with toxic loans ran up prices of homes. your “good income” only allows you to buy an “average” home, while the dumba$$e$ bought mcmansions they never should have, but did b/c they were dumb and took out unsafe loans.

all the homes are now upside down. the idiots who don’t make enough to buy that 750k mansion now cry “unfair” and the gov’t is going to bail them out. they probably make less than 100k, probably far less – but yet they get a principal reduction, super low interest rates… you name it – let’s keep them in their mansion.

you the 100k+ earning hard worker, responsible guy – you try to get some assistance and they will tell you that you MAKE TOO MUCH and you don’t qualify.. just wait.

any of this bailout stuff will have strings attached so that most, if not all,of US here at piggington – who make decent money will be told we don’t qualify for relief…

so we keep working, keep paying taxes, and they take our tax money and essentially give it to the morons who bought houses they never should have.

this does nothing except piss people off and encourage people to find ways to scam or beat the system and be irresponsible.

what SHOULD happen is there should be NO bailout for anyone. if you crash and burn – good. you will be an example for everyone else to learn from – and people will pay their bills and not extend themselves. they will see that when you are irresponsible with your money – you suffer.

what we are teaching everyone is that you can do whatever you want – spend money you don’t have, buy things you can’t afford – and when the $hit hits the fan, you will get bailed out.

if you can’t beat them join them.

[23109VC]

this is the BS that has ticked me off –

you are hardworking wage earner. you make good money but are not rich. all the morons who bought with toxic loans ran up prices of homes. your “good income” only allows you to buy an “average” home, while the dumba$$e$ bought mcmansions they never should have, but did b/c they were dumb and took out unsafe loans.

all the homes are now upside down. the idiots who don’t make enough to buy that 750k mansion now cry “unfair” and the gov’t is going to bail them out. they probably make less than 100k, probably far less – but yet they get a principal reduction, super low interest rates… you name it – let’s keep them in their mansion.

you the 100k+ earning hard worker, responsible guy – you try to get some assistance and they will tell you that you MAKE TOO MUCH and you don’t qualify.. just wait.

any of this bailout stuff will have strings attached so that most, if not all,of US here at piggington – who make decent money will be told we don’t qualify for relief…

so we keep working, keep paying taxes, and they take our tax money and essentially give it to the morons who bought houses they never should have.

this does nothing except piss people off and encourage people to find ways to scam or beat the system and be irresponsible.

what SHOULD happen is there should be NO bailout for anyone. if you crash and burn – good. you will be an example for everyone else to learn from – and people will pay their bills and not extend themselves. they will see that when you are irresponsible with your money – you suffer.

what we are teaching everyone is that you can do whatever you want – spend money you don’t have, buy things you can’t afford – and when the $hit hits the fan, you will get bailed out.

if you can’t beat them join them.

[Aecetia]

Banks also hate people who pay off their credit cards monthly.

[Aecetia]

Banks also hate people who pay off their credit cards monthly.

[Aecetia]

Banks also hate people who pay off their credit cards monthly.

[Aecetia]

Banks also hate people who pay off their credit cards monthly.

[Author]

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