nationwide foreclosure moratorium!

[briansd1]

Let’s look at it another way.

As Binyamin Appelbaum of the NY Times said, the banks have from the beginning insisted on the letter of the law — they can continue to pay huge bonuses because employment contracts are binding.

Now, homeowners are saying that there is a legal process for foreclosing on collateral. The banks should follow the procedures and produce the documents to prove that they have the right to the collateral.

Is that too much to ask?

[davelj]

[quote=briansd1]Let’s look at it another way.

As Binyamin Appelbaum of the NY Times said, the banks have from the beginning insisted on the letter of the law — they can continue to pay huge bonuses because employment contracts are binding.

Now, homeowners are saying that there is a legal process for foreclosing on collateral. The banks should follow the procedures and produce the documents to prove that they have the right to the collateral.

Is that too much to ask?[/quote]

Personally, I don’t think it’s too much to ask. The servicers should execute their duties within the confines of the law. And, at last, that’s what they’re going to be compelled to do. But… let’s not pretend that it’s “their” (the foreclosed “homeowner’s”) home and that foreclosure is some injustice that they have some right to avoid. That’s ridiculous. The victimhood is a bit much. Avoiding foreclosure is really simple: pay your mortgage. I wonder how many of these folks are paying their mortgage payment into escrow while all of these details are worked out? Yeah… that’s what I thought.

[davelj]

[quote=briansd1]Let’s look at it another way.

As Binyamin Appelbaum of the NY Times said, the banks have from the beginning insisted on the letter of the law — they can continue to pay huge bonuses because employment contracts are binding.

Now, homeowners are saying that there is a legal process for foreclosing on collateral. The banks should follow the procedures and produce the documents to prove that they have the right to the collateral.

Is that too much to ask?[/quote]

Personally, I don’t think it’s too much to ask. The servicers should execute their duties within the confines of the law. And, at last, that’s what they’re going to be compelled to do. But… let’s not pretend that it’s “their” (the foreclosed “homeowner’s”) home and that foreclosure is some injustice that they have some right to avoid. That’s ridiculous. The victimhood is a bit much. Avoiding foreclosure is really simple: pay your mortgage. I wonder how many of these folks are paying their mortgage payment into escrow while all of these details are worked out? Yeah… that’s what I thought.

[davelj]

[quote=briansd1]Let’s look at it another way.

As Binyamin Appelbaum of the NY Times said, the banks have from the beginning insisted on the letter of the law — they can continue to pay huge bonuses because employment contracts are binding.

Now, homeowners are saying that there is a legal process for foreclosing on collateral. The banks should follow the procedures and produce the documents to prove that they have the right to the collateral.

Is that too much to ask?[/quote]

Personally, I don’t think it’s too much to ask. The servicers should execute their duties within the confines of the law. And, at last, that’s what they’re going to be compelled to do. But… let’s not pretend that it’s “their” (the foreclosed “homeowner’s”) home and that foreclosure is some injustice that they have some right to avoid. That’s ridiculous. The victimhood is a bit much. Avoiding foreclosure is really simple: pay your mortgage. I wonder how many of these folks are paying their mortgage payment into escrow while all of these details are worked out? Yeah… that’s what I thought.

[davelj]

[quote=briansd1]Let’s look at it another way.

As Binyamin Appelbaum of the NY Times said, the banks have from the beginning insisted on the letter of the law — they can continue to pay huge bonuses because employment contracts are binding.

Now, homeowners are saying that there is a legal process for foreclosing on collateral. The banks should follow the procedures and produce the documents to prove that they have the right to the collateral.

Is that too much to ask?[/quote]

Personally, I don’t think it’s too much to ask. The servicers should execute their duties within the confines of the law. And, at last, that’s what they’re going to be compelled to do. But… let’s not pretend that it’s “their” (the foreclosed “homeowner’s”) home and that foreclosure is some injustice that they have some right to avoid. That’s ridiculous. The victimhood is a bit much. Avoiding foreclosure is really simple: pay your mortgage. I wonder how many of these folks are paying their mortgage payment into escrow while all of these details are worked out? Yeah… that’s what I thought.

[davelj]

[quote=briansd1]Let’s look at it another way.

As Binyamin Appelbaum of the NY Times said, the banks have from the beginning insisted on the letter of the law — they can continue to pay huge bonuses because employment contracts are binding.

Now, homeowners are saying that there is a legal process for foreclosing on collateral. The banks should follow the procedures and produce the documents to prove that they have the right to the collateral.

Is that too much to ask?[/quote]

Personally, I don’t think it’s too much to ask. The servicers should execute their duties within the confines of the law. And, at last, that’s what they’re going to be compelled to do. But… let’s not pretend that it’s “their” (the foreclosed “homeowner’s”) home and that foreclosure is some injustice that they have some right to avoid. That’s ridiculous. The victimhood is a bit much. Avoiding foreclosure is really simple: pay your mortgage. I wonder how many of these folks are paying their mortgage payment into escrow while all of these details are worked out? Yeah… that’s what I thought.

[gandalf]

I agree deadbeats should lose their homes.

Just wondering, where’s the outrage re: financial services corporations and the bullshit mortgage securitization racket these criminals ran for more than a decade? Where are the consequences for Wall Street?

Losses in financial services dwarf the amount lost from Joe Deadbeat defaulting on his mortgage. Shouldn’t bankrupt financial institutions have been put out of business, assets sold off and restructured? Employees who perpetrated fraud and white collar crimes put in jail?

Yeah, I know. The big banks fail and everyone else gets wiped out too. Can’t let that happen. So we have to bail them out. Bend over, America. Then pay executives bonuses on shitty performance using taxpayer money.

Lots of people here all upset about ‘Deadbeat Joe’ and his mortgage. People upset with Obama. Just wondering, where are all of the ‘Angry People’ when it comes to banks? Countrywide? AIG? Goldman Sachs?

Silence…

Crickets…

This is how the Greatest Ripoff in the History of the World goes down. Corporate financiers speeding off in a getaway car rapping “Damn, it’s good to be a Gangster.”

[gandalf]

I agree deadbeats should lose their homes.

Just wondering, where’s the outrage re: financial services corporations and the bullshit mortgage securitization racket these criminals ran for more than a decade? Where are the consequences for Wall Street?

Losses in financial services dwarf the amount lost from Joe Deadbeat defaulting on his mortgage. Shouldn’t bankrupt financial institutions have been put out of business, assets sold off and restructured? Employees who perpetrated fraud and white collar crimes put in jail?

Yeah, I know. The big banks fail and everyone else gets wiped out too. Can’t let that happen. So we have to bail them out. Bend over, America. Then pay executives bonuses on shitty performance using taxpayer money.

Lots of people here all upset about ‘Deadbeat Joe’ and his mortgage. People upset with Obama. Just wondering, where are all of the ‘Angry People’ when it comes to banks? Countrywide? AIG? Goldman Sachs?

Silence…

Crickets…

This is how the Greatest Ripoff in the History of the World goes down. Corporate financiers speeding off in a getaway car rapping “Damn, it’s good to be a Gangster.”

[gandalf]

I agree deadbeats should lose their homes.

Just wondering, where’s the outrage re: financial services corporations and the bullshit mortgage securitization racket these criminals ran for more than a decade? Where are the consequences for Wall Street?

Losses in financial services dwarf the amount lost from Joe Deadbeat defaulting on his mortgage. Shouldn’t bankrupt financial institutions have been put out of business, assets sold off and restructured? Employees who perpetrated fraud and white collar crimes put in jail?

Yeah, I know. The big banks fail and everyone else gets wiped out too. Can’t let that happen. So we have to bail them out. Bend over, America. Then pay executives bonuses on shitty performance using taxpayer money.

Lots of people here all upset about ‘Deadbeat Joe’ and his mortgage. People upset with Obama. Just wondering, where are all of the ‘Angry People’ when it comes to banks? Countrywide? AIG? Goldman Sachs?

Silence…

Crickets…

This is how the Greatest Ripoff in the History of the World goes down. Corporate financiers speeding off in a getaway car rapping “Damn, it’s good to be a Gangster.”

[gandalf]

I agree deadbeats should lose their homes.

Just wondering, where’s the outrage re: financial services corporations and the bullshit mortgage securitization racket these criminals ran for more than a decade? Where are the consequences for Wall Street?

Losses in financial services dwarf the amount lost from Joe Deadbeat defaulting on his mortgage. Shouldn’t bankrupt financial institutions have been put out of business, assets sold off and restructured? Employees who perpetrated fraud and white collar crimes put in jail?

Yeah, I know. The big banks fail and everyone else gets wiped out too. Can’t let that happen. So we have to bail them out. Bend over, America. Then pay executives bonuses on shitty performance using taxpayer money.

Lots of people here all upset about ‘Deadbeat Joe’ and his mortgage. People upset with Obama. Just wondering, where are all of the ‘Angry People’ when it comes to banks? Countrywide? AIG? Goldman Sachs?

Silence…

Crickets…

This is how the Greatest Ripoff in the History of the World goes down. Corporate financiers speeding off in a getaway car rapping “Damn, it’s good to be a Gangster.”

[gandalf]

I agree deadbeats should lose their homes.

Just wondering, where’s the outrage re: financial services corporations and the bullshit mortgage securitization racket these criminals ran for more than a decade? Where are the consequences for Wall Street?

Losses in financial services dwarf the amount lost from Joe Deadbeat defaulting on his mortgage. Shouldn’t bankrupt financial institutions have been put out of business, assets sold off and restructured? Employees who perpetrated fraud and white collar crimes put in jail?

Yeah, I know. The big banks fail and everyone else gets wiped out too. Can’t let that happen. So we have to bail them out. Bend over, America. Then pay executives bonuses on shitty performance using taxpayer money.

Lots of people here all upset about ‘Deadbeat Joe’ and his mortgage. People upset with Obama. Just wondering, where are all of the ‘Angry People’ when it comes to banks? Countrywide? AIG? Goldman Sachs?

Silence…

Crickets…

This is how the Greatest Ripoff in the History of the World goes down. Corporate financiers speeding off in a getaway car rapping “Damn, it’s good to be a Gangster.”

[jpinpb]

[quote=gandalf]Just wondering, where’s the outrage re: financial services corporations and the bullshit mortgage securitization racket these criminals ran for more than a decade? Where are the consequences for Wall Street?

…… Just wondering, where are all of the ‘Angry People’ when it comes to banks? Countrywide? AIG? Goldman Sachs?
[/quote]

I think they’re all too busy being up in arms about cops and firemen risking their lives for their exorbitant wages.

[jpinpb]

[quote=gandalf]Just wondering, where’s the outrage re: financial services corporations and the bullshit mortgage securitization racket these criminals ran for more than a decade? Where are the consequences for Wall Street?

…… Just wondering, where are all of the ‘Angry People’ when it comes to banks? Countrywide? AIG? Goldman Sachs?
[/quote]

I think they’re all too busy being up in arms about cops and firemen risking their lives for their exorbitant wages.

[jpinpb]

[quote=gandalf]Just wondering, where’s the outrage re: financial services corporations and the bullshit mortgage securitization racket these criminals ran for more than a decade? Where are the consequences for Wall Street?

…… Just wondering, where are all of the ‘Angry People’ when it comes to banks? Countrywide? AIG? Goldman Sachs?
[/quote]

I think they’re all too busy being up in arms about cops and firemen risking their lives for their exorbitant wages.

[jpinpb]

[quote=gandalf]Just wondering, where’s the outrage re: financial services corporations and the bullshit mortgage securitization racket these criminals ran for more than a decade? Where are the consequences for Wall Street?

…… Just wondering, where are all of the ‘Angry People’ when it comes to banks? Countrywide? AIG? Goldman Sachs?
[/quote]

I think they’re all too busy being up in arms about cops and firemen risking their lives for their exorbitant wages.

[Author]

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