PIGs chime IN!!!

[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.

[POZ]

Chris,

Pathetic is taking on what should be your most important life investsment and not doing your homework. I understand how you feel; but if we get emotional about the whole thing we are going to make the same mistakes all over again. Did you read the content of the letter? I made it clear that for those who were conned and defrauded there should be due process.

Believe me when I say I harbor no ill will, I have two friends of mine and a couple of other coworkes, not to mention my brother (who did not listen to me when i asked him to reconsider) who are directly impacted by what we are trying do. 3 out of the 5 people I mentioned have already gone through forclosure and have lost their homes. Guess what? neither of them want a handout and all are assuming personal responsibility for signing on the dotted line. to quote my friend: “We knew what we were getting into, we took a chance and it didnt work out for us, now we just have to start all over”

C’est la vie

[POZ]

Chris,

Pathetic is taking on what should be your most important life investsment and not doing your homework. I understand how you feel; but if we get emotional about the whole thing we are going to make the same mistakes all over again. Did you read the content of the letter? I made it clear that for those who were conned and defrauded there should be due process.

Believe me when I say I harbor no ill will, I have two friends of mine and a couple of other coworkes, not to mention my brother (who did not listen to me when i asked him to reconsider) who are directly impacted by what we are trying do. 3 out of the 5 people I mentioned have already gone through forclosure and have lost their homes. Guess what? neither of them want a handout and all are assuming personal responsibility for signing on the dotted line. to quote my friend: “We knew what we were getting into, we took a chance and it didnt work out for us, now we just have to start all over”

C’est la vie

[POZ]

Chris,

Pathetic is taking on what should be your most important life investsment and not doing your homework. I understand how you feel; but if we get emotional about the whole thing we are going to make the same mistakes all over again. Did you read the content of the letter? I made it clear that for those who were conned and defrauded there should be due process.

Believe me when I say I harbor no ill will, I have two friends of mine and a couple of other coworkes, not to mention my brother (who did not listen to me when i asked him to reconsider) who are directly impacted by what we are trying do. 3 out of the 5 people I mentioned have already gone through forclosure and have lost their homes. Guess what? neither of them want a handout and all are assuming personal responsibility for signing on the dotted line. to quote my friend: “We knew what we were getting into, we took a chance and it didnt work out for us, now we just have to start all over”

C’est la vie

[lendingbubblecontinues]

Chris-

buh-bye.

I know, I know…”lendingbubblecontinues is poo-poo head”, right?

[lendingbubblecontinues]

Chris-

buh-bye.

I know, I know…”lendingbubblecontinues is poo-poo head”, right?

[lendingbubblecontinues]

Chris-

buh-bye.

I know, I know…”lendingbubblecontinues is poo-poo head”, right?

[sdrealtor]

I wonder how all of you who sold at the peak feel about a bail out? My guess is No frickin way you would want to see it. For those who sold at the top to try and time the market, do you realize that you were already bailed out by the system in place at the time (liar loans, exotic financing, loan fraud)? How about we have all the people who sold out at the peak return their windfalls instead of having a government bailout?

Didn’t think so…………

[sdrealtor]

I wonder how all of you who sold at the peak feel about a bail out? My guess is No frickin way you would want to see it. For those who sold at the top to try and time the market, do you realize that you were already bailed out by the system in place at the time (liar loans, exotic financing, loan fraud)? How about we have all the people who sold out at the peak return their windfalls instead of having a government bailout?

Didn’t think so…………

[sdrealtor]

I wonder how all of you who sold at the peak feel about a bail out? My guess is No frickin way you would want to see it. For those who sold at the top to try and time the market, do you realize that you were already bailed out by the system in place at the time (liar loans, exotic financing, loan fraud)? How about we have all the people who sold out at the peak return their windfalls instead of having a government bailout?

Didn’t think so…………

[NotCranky]

Don’t be so honest and sdr.

[NotCranky]

Don’t be so honest and sdr.

[NotCranky]

Don’t be so honest and sdr.

[lendingbubblecontinues]

sdr—I’ve got to imagine the number of homeowners who “sold at the top to try and time the market” is statistically insignificant (approaching zero), right?

[lendingbubblecontinues]

sdr—I’ve got to imagine the number of homeowners who “sold at the top to try and time the market” is statistically insignificant (approaching zero), right?

[Author]

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