Report shows strategic defaults increasing

[Arraya]

[quote=jpinpb]Jealous? No. Resentful that my tax dollars go towards supporting the greed and stupidity of others, bankers or whoever contributed to this mess, yes.

I think if the banks were not being subsidized, they would want to act quickly to remove any non performing loans and start to generate income. I think in a free market, most businesses would want to act immediately to get revenues. I know that in today’s times that just sounds like crazy talk.

Clearly from all the multiple offers I keep hearing about, there are people wanting to buy these homes from the banks. If we are hearing about it, I’m sure the banks are also. They know there are people out there ready and waiting to buy their nonperforming asset. Why are they not selling? Well, why should they? They are being compensated to do nothing. The joke’s on us.[/quote]

Ok, so why should you be resentful at Bill’s action of living for free if it is not driving bailouts. I suppose you could be resentful that he decided not to pay his mortgage because in a tiny way it drove bailouts but also within the guidelines of our laws. But not his living for free.

The bailouts were because of a huge systemic structural failure. Not really because of individual homeowners actions. It’s like being resentful of the bolts in a bridge that collapsed, were some of the bolts were tin instead of steel. When a few the structural engineers designed the QA for the bolts. Once the weak bolts go it adds stress to the stronger bolts and they break as well and the whole bridge collapses. From what we know Bill was a strong bolt that decided to bolt, when he saw the bridge going down.

Still, we have the same engineers doing the re-design on the bridge and we are continuing to look at all the bolts that are popping out.

[jpinpb]

SDR – Thank you. Everyone living for free, please assume a little responsibility in your part.

[jpinpb]

SDR – Thank you. Everyone living for free, please assume a little responsibility in your part.

[jpinpb]

SDR – Thank you. Everyone living for free, please assume a little responsibility in your part.

[jpinpb]

SDR – Thank you. Everyone living for free, please assume a little responsibility in your part.

[jpinpb]

SDR – Thank you. Everyone living for free, please assume a little responsibility in your part.

[jpinpb]

[quote=Arraya]Ok, so why should you be resentful at Bill’s action of living for free if it is not driving bailouts. [/quote]

Resentful of the situation, not him specifically, though, again, indirectly he was/is part of the problem.

He proudly claims he’s not getting a bailout. I’m pointing out that indirectly he IS.

He also seems to absolve himself of any responsibility and in my eyes, albeit a cog in the wheel, he shares in being part of the problem. Rather than boasting about how he’s contributing to this fiasco, I’d probably exercise a little less arrogance.

[jpinpb]

[quote=Arraya]Ok, so why should you be resentful at Bill’s action of living for free if it is not driving bailouts. [/quote]

Resentful of the situation, not him specifically, though, again, indirectly he was/is part of the problem.

He proudly claims he’s not getting a bailout. I’m pointing out that indirectly he IS.

He also seems to absolve himself of any responsibility and in my eyes, albeit a cog in the wheel, he shares in being part of the problem. Rather than boasting about how he’s contributing to this fiasco, I’d probably exercise a little less arrogance.

[jpinpb]

[quote=Arraya]Ok, so why should you be resentful at Bill’s action of living for free if it is not driving bailouts. [/quote]

Resentful of the situation, not him specifically, though, again, indirectly he was/is part of the problem.

He proudly claims he’s not getting a bailout. I’m pointing out that indirectly he IS.

He also seems to absolve himself of any responsibility and in my eyes, albeit a cog in the wheel, he shares in being part of the problem. Rather than boasting about how he’s contributing to this fiasco, I’d probably exercise a little less arrogance.

[jpinpb]

[quote=Arraya]Ok, so why should you be resentful at Bill’s action of living for free if it is not driving bailouts. [/quote]

Resentful of the situation, not him specifically, though, again, indirectly he was/is part of the problem.

He proudly claims he’s not getting a bailout. I’m pointing out that indirectly he IS.

He also seems to absolve himself of any responsibility and in my eyes, albeit a cog in the wheel, he shares in being part of the problem. Rather than boasting about how he’s contributing to this fiasco, I’d probably exercise a little less arrogance.

[jpinpb]

[quote=Arraya]Ok, so why should you be resentful at Bill’s action of living for free if it is not driving bailouts. [/quote]

Resentful of the situation, not him specifically, though, again, indirectly he was/is part of the problem.

He proudly claims he’s not getting a bailout. I’m pointing out that indirectly he IS.

He also seems to absolve himself of any responsibility and in my eyes, albeit a cog in the wheel, he shares in being part of the problem. Rather than boasting about how he’s contributing to this fiasco, I’d probably exercise a little less arrogance.

[NotCranky]

Just another reason not to worry about what other people have or don’t have. We are supposed to assume the haves( young guy with a couple hundred thou saved up) are somehow improved members of the species(I know they think they are), yet time and time again we see how many of them work the system, whore themselves, or take blood money to get there. What Bill is doing is so average. His vehicle is a little different is all. Maybe it’s all he’s got.

[NotCranky]

Just another reason not to worry about what other people have or don’t have. We are supposed to assume the haves( young guy with a couple hundred thou saved up) are somehow improved members of the species(I know they think they are), yet time and time again we see how many of them work the system, whore themselves, or take blood money to get there. What Bill is doing is so average. His vehicle is a little different is all. Maybe it’s all he’s got.

[NotCranky]

Just another reason not to worry about what other people have or don’t have. We are supposed to assume the haves( young guy with a couple hundred thou saved up) are somehow improved members of the species(I know they think they are), yet time and time again we see how many of them work the system, whore themselves, or take blood money to get there. What Bill is doing is so average. His vehicle is a little different is all. Maybe it’s all he’s got.

[NotCranky]

Just another reason not to worry about what other people have or don’t have. We are supposed to assume the haves( young guy with a couple hundred thou saved up) are somehow improved members of the species(I know they think they are), yet time and time again we see how many of them work the system, whore themselves, or take blood money to get there. What Bill is doing is so average. His vehicle is a little different is all. Maybe it’s all he’s got.

[Author]

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