PIGs chime IN!!!

[POZ]

Asragov,

I completely agree that any such effort is an exercise in futility. There is enogh waste of our hard earned tax payer dollars as it is, stop wasting my money is all Im trying to say.

Draft ver2:

Dear Mr. /Mrs. (Representative/ Senator)

I do not take this issue lightly and unlike most of the parties involved I have done due diligence when committing to the decision of writing you this letter. I am appalled and disgusted that a comprehensive housing bailout for gamblers and speculators is even considered. The “Free Market” (In case you needed a reminder) is defined as a theoretical, idealized, or actual market where the prices of goods and services is arranged completely by the mutual non-coerced consent of sellers and buyers, determined generally by the supply and demand law with no government interference in the regulation of costs, supply and demand.
Any and all bail-outs including interest rate cuts (fed funds or discount window), moratoriums on foreclosures (which will only prolong the inevitable), unfounded increases of conforming loans, or any other tax funded initiative constitutes a serious Moral Hazard. The irresponsible behavior of buyers, lenders, investors, bankers, and the Federal Reserve (there are more people involved but you get the picture) trying to make something out of nothing. Alchemists had been trying to do for centuries what a few easy monetary policies and some financial savvy engineers could conjure up in a “free market” system. Please do not compound these mistakes by supporting a bail-out for these people unless a clear and irrefutable fraudulent act can be proved in a court of law.
The basic premise is simple, a lot players (the aforementioned participants) gambled and now its time to pay. Corrections are a painful fact of our “free market” system and there are lessons to be learned for all involved. The FUNDAMENTALS taught to us by our parents and grandparents still apply. Having government interfere with the free market system is un-American. Why is it that informed, fiscally conservative and responsible, hard working Americans like myself and many others that did not buy into the speculative mania that preceded this housing problem should have to pay for those mistakes? Why is it that the rest of us are being punished? By not allowing for prices to correct and reach fair market value you are condoning and supporting those very things that you are constitutionally obliged to combat and in the process leaving the rest of us to hanging out to dry, never being able to reach the American dream of home ownership.
Do not give in to big business and special interests; they expect (and in some cases depend) on government interference, they are the true benefactors of any bail-out plan. I understand there is much pressure bestowed upon you to react favorably to those “distressed” individuals and corporations. The fact of the matter is that any hurried response to the housing issue will inevitably end in failure (on taxpayers dime and with nothing to show for it). Do your job; making decisions and formulating any subsequent legislative proposals should be based on cold hard logic not emotion. Emotional wishful thinking was the catalyst that facilitated this situation in the first place. Perform your due diligence, assess and analyze the long term ramifications of the actions you propose on the greater communities you are trying to assist. Affordability and attainability of the American dream for all Americans (not just the few who gambled and lost) should be foremost on your list of objectives. I see it as your duty as my representative to listen to your broader constituency, humbly exercise the power we have bestowed upon you and act accordingly to the benefit of all.

Sincerely,

Paulo

again all comments critisisms are welcome.

[noone]

POZ, I think you’ve got a good start here. Though I think it needs more emphasis on how this would hurt us. Not only is it a slap in the face to those of us who took the responsible route, but could actually lead to financial difficulties for us. I know that you’ve included a paragraph about that, but I think that should be the main emphasis of the letter. If they respond best to sob stories, let’s give them one. If possible, it would be good to show just how many of us there are. Though I’m not sure how one would come up with the numbers for that. Perhaps the number of households with incomes of 100k+ who did not buy, i.e. are currently renting?

[noone]

POZ, I think you’ve got a good start here. Though I think it needs more emphasis on how this would hurt us. Not only is it a slap in the face to those of us who took the responsible route, but could actually lead to financial difficulties for us. I know that you’ve included a paragraph about that, but I think that should be the main emphasis of the letter. If they respond best to sob stories, let’s give them one. If possible, it would be good to show just how many of us there are. Though I’m not sure how one would come up with the numbers for that. Perhaps the number of households with incomes of 100k+ who did not buy, i.e. are currently renting?

[noone]

POZ, I think you’ve got a good start here. Though I think it needs more emphasis on how this would hurt us. Not only is it a slap in the face to those of us who took the responsible route, but could actually lead to financial difficulties for us. I know that you’ve included a paragraph about that, but I think that should be the main emphasis of the letter. If they respond best to sob stories, let’s give them one. If possible, it would be good to show just how many of us there are. Though I’m not sure how one would come up with the numbers for that. Perhaps the number of households with incomes of 100k+ who did not buy, i.e. are currently renting?

[Critter]

Good letter! Put in a few paragraph breaks or blank lines though to make it easier to read and digest.

[Critter]

Good letter! Put in a few paragraph breaks or blank lines though to make it easier to read and digest.

[Critter]

Good letter! Put in a few paragraph breaks or blank lines though to make it easier to read and digest.

[Chris Scoreboard Johnston]

This thread is pathetic and symbolic of the overall feel of this blog. What are your real motivations for stopping foreclosures? To teach people a lesson? To make yourself feel better that you were right and did not take out a dumb loan? That the economy will be better off if the government lets a huge disaster take place? To buy at bargain basement prices selfishly, just to benefit yourself? To enable yourself to laugh at dislocated families because it is not you?

Some of you people have to realize that certain things are historically upwardly biased, yet you keep fighting it and missing opportunities. These types of things happen to asset classes that are artificially supported, get with the program.

I will not preach anymore, or chat in here anymore, it is just simply way too negative of an environment. Rooting against my fellow americans is just not something I care to do. It is also surprising with the heavy distribution of liberal political views in here, that anti-bailout bias exists. I would have thought it would be the opposite, but the dark side overcomes everything I guess.

Anyone who wishes to know my market views just visit my blog.

[Chris Scoreboard Johnston]

This thread is pathetic and symbolic of the overall feel of this blog. What are your real motivations for stopping foreclosures? To teach people a lesson? To make yourself feel better that you were right and did not take out a dumb loan? That the economy will be better off if the government lets a huge disaster take place? To buy at bargain basement prices selfishly, just to benefit yourself? To enable yourself to laugh at dislocated families because it is not you?

Some of you people have to realize that certain things are historically upwardly biased, yet you keep fighting it and missing opportunities. These types of things happen to asset classes that are artificially supported, get with the program.

I will not preach anymore, or chat in here anymore, it is just simply way too negative of an environment. Rooting against my fellow americans is just not something I care to do. It is also surprising with the heavy distribution of liberal political views in here, that anti-bailout bias exists. I would have thought it would be the opposite, but the dark side overcomes everything I guess.

Anyone who wishes to know my market views just visit my blog.

[Chris Scoreboard Johnston]

This thread is pathetic and symbolic of the overall feel of this blog. What are your real motivations for stopping foreclosures? To teach people a lesson? To make yourself feel better that you were right and did not take out a dumb loan? That the economy will be better off if the government lets a huge disaster take place? To buy at bargain basement prices selfishly, just to benefit yourself? To enable yourself to laugh at dislocated families because it is not you?

Some of you people have to realize that certain things are historically upwardly biased, yet you keep fighting it and missing opportunities. These types of things happen to asset classes that are artificially supported, get with the program.

I will not preach anymore, or chat in here anymore, it is just simply way too negative of an environment. Rooting against my fellow americans is just not something I care to do. It is also surprising with the heavy distribution of liberal political views in here, that anti-bailout bias exists. I would have thought it would be the opposite, but the dark side overcomes everything I guess.

Anyone who wishes to know my market views just visit my blog.

[Ex-SD]

Chris: What is your fricking problem? Do you think that the government’s job is to be your daddy & mommy from cradle to death? This is America and if you want to roll the dice and sign on the bottom line for a house that you shouldn’t have bought, you need to be responsible for your actions. Did you think that the people who sold and made big profits from the sales of their homes should have sent you or someone else a cut of their profits? It doesn’t matter what political party you belong to sympathize with, it’s simply a matter of people being responsible for their actions and being held accountable when they’re irresponsible. I don’t want to support a bunch of selfish, irresponsible fools but if you do, please post an ad in newspaper where you can give directions to the poor homeowners who are being foreclosed on to drive their BMW’s, Mercedes, Lexus’ and Hummers and pick up their checks that you will write from your personal bank account to pay their mortgages.

[Ex-SD]

Chris: What is your fricking problem? Do you think that the government’s job is to be your daddy & mommy from cradle to death? This is America and if you want to roll the dice and sign on the bottom line for a house that you shouldn’t have bought, you need to be responsible for your actions. Did you think that the people who sold and made big profits from the sales of their homes should have sent you or someone else a cut of their profits? It doesn’t matter what political party you belong to sympathize with, it’s simply a matter of people being responsible for their actions and being held accountable when they’re irresponsible. I don’t want to support a bunch of selfish, irresponsible fools but if you do, please post an ad in newspaper where you can give directions to the poor homeowners who are being foreclosed on to drive their BMW’s, Mercedes, Lexus’ and Hummers and pick up their checks that you will write from your personal bank account to pay their mortgages.

[Ex-SD]

Chris: What is your fricking problem? Do you think that the government’s job is to be your daddy & mommy from cradle to death? This is America and if you want to roll the dice and sign on the bottom line for a house that you shouldn’t have bought, you need to be responsible for your actions. Did you think that the people who sold and made big profits from the sales of their homes should have sent you or someone else a cut of their profits? It doesn’t matter what political party you belong to sympathize with, it’s simply a matter of people being responsible for their actions and being held accountable when they’re irresponsible. I don’t want to support a bunch of selfish, irresponsible fools but if you do, please post an ad in newspaper where you can give directions to the poor homeowners who are being foreclosed on to drive their BMW’s, Mercedes, Lexus’ and Hummers and pick up their checks that you will write from your personal bank account to pay their mortgages.

[LA_Renter]

“This thread is pathetic and symbolic of the overall feel of this blog. What are your real motivations for stopping foreclosures?”

First of all that post is coming from a very myopic view IMO. Are you familiar with the term “Moral Hazard”? Chris, this housing bubble has created a huge mess to the point of literally putting the global financial system at risk of collapse. If we bail people out of this debacle…what prevents them from engaging in this behavior in the future. The concept of risk must be returned to this asset class from the buyer to the lender to the hedge fund for it to ever recover.

“Rooting against my fellow americans is just not something I care to do.”

That is a pathetic thing to say. Especially in the face of a financial crisis that is putting all Americans at risk. All people want is some form of fiscal responsiblity to return to the great American pasttime of home ownership.

[LA_Renter]

“This thread is pathetic and symbolic of the overall feel of this blog. What are your real motivations for stopping foreclosures?”

First of all that post is coming from a very myopic view IMO. Are you familiar with the term “Moral Hazard”? Chris, this housing bubble has created a huge mess to the point of literally putting the global financial system at risk of collapse. If we bail people out of this debacle…what prevents them from engaging in this behavior in the future. The concept of risk must be returned to this asset class from the buyer to the lender to the hedge fund for it to ever recover.

“Rooting against my fellow americans is just not something I care to do.”

That is a pathetic thing to say. Especially in the face of a financial crisis that is putting all Americans at risk. All people want is some form of fiscal responsiblity to return to the great American pasttime of home ownership.

[Author]

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