Trash the kitchen?

[Hatfield]

[quote=CA renter]I fault the govt 100% for the mess they’ve created. What they should have done is stand behind the original FDIC and SIPC insurance, and let the chips fall where they may.[/quote]

I agree, they probably should have left the banks fail and insure the deposits, even the ones above the FDIC limits. Those deposits would then get moved wherever the depositor decides. This would have the effect of recapitalizing the surviving banks, and maybe the gov’t could provide additional capitalization if necessary. And the “toxic assets” of the failed banks would be liquidated at auction. So the market could figure out a value for them, instead of the current case where they’re hidden away in the balance sheets with some bullshit valuation. (Still waiting for THAT shoe to drop.)

I think it would have cost us a lot less money, and left us with a stronger banking system. And we’d have a few more unemployed idiot bankers.

[XBoxBoy]

[quote=patb]Banks extort money from people.

They extort 28% APR from you while paying 2% to account holders.
[/quote]

Since when did two wrongs make a right?

[quote=Rt.66]Good point for this thread! How many people are actually getting a feeling of revenge/satisfaction from sticking it to the bankers? How many of us are both sick and mad at these freeloading bums and at the same time, enjoy seeing the working stiff, stiff the bankers?
[/quote]

Rt.66 I would guess that we disagree on lots of things, but this might be the thing that we most disagree on. To me, seeking revenge is one of the most unattractive human attributes. Can’t say that I’ve never done so, but I never felt good about it once I realized what I’d done.

In this case it seems particularly unattractive because the bank has done nothing to this person other than make a loan to them. Which if I’m not mistaken that person requested them to do. To somehow now justify this as sticking it to the man, is from my viewpoint a very bizarre stretch.

XBoxBoy

[XBoxBoy]

[quote=patb]Banks extort money from people.

They extort 28% APR from you while paying 2% to account holders.
[/quote]

Since when did two wrongs make a right?

[quote=Rt.66]Good point for this thread! How many people are actually getting a feeling of revenge/satisfaction from sticking it to the bankers? How many of us are both sick and mad at these freeloading bums and at the same time, enjoy seeing the working stiff, stiff the bankers?
[/quote]

Rt.66 I would guess that we disagree on lots of things, but this might be the thing that we most disagree on. To me, seeking revenge is one of the most unattractive human attributes. Can’t say that I’ve never done so, but I never felt good about it once I realized what I’d done.

In this case it seems particularly unattractive because the bank has done nothing to this person other than make a loan to them. Which if I’m not mistaken that person requested them to do. To somehow now justify this as sticking it to the man, is from my viewpoint a very bizarre stretch.

XBoxBoy

[XBoxBoy]

[quote=patb]Banks extort money from people.

They extort 28% APR from you while paying 2% to account holders.
[/quote]

Since when did two wrongs make a right?

[quote=Rt.66]Good point for this thread! How many people are actually getting a feeling of revenge/satisfaction from sticking it to the bankers? How many of us are both sick and mad at these freeloading bums and at the same time, enjoy seeing the working stiff, stiff the bankers?
[/quote]

Rt.66 I would guess that we disagree on lots of things, but this might be the thing that we most disagree on. To me, seeking revenge is one of the most unattractive human attributes. Can’t say that I’ve never done so, but I never felt good about it once I realized what I’d done.

In this case it seems particularly unattractive because the bank has done nothing to this person other than make a loan to them. Which if I’m not mistaken that person requested them to do. To somehow now justify this as sticking it to the man, is from my viewpoint a very bizarre stretch.

XBoxBoy

[XBoxBoy]

[quote=patb]Banks extort money from people.

They extort 28% APR from you while paying 2% to account holders.
[/quote]

Since when did two wrongs make a right?

[quote=Rt.66]Good point for this thread! How many people are actually getting a feeling of revenge/satisfaction from sticking it to the bankers? How many of us are both sick and mad at these freeloading bums and at the same time, enjoy seeing the working stiff, stiff the bankers?
[/quote]

Rt.66 I would guess that we disagree on lots of things, but this might be the thing that we most disagree on. To me, seeking revenge is one of the most unattractive human attributes. Can’t say that I’ve never done so, but I never felt good about it once I realized what I’d done.

In this case it seems particularly unattractive because the bank has done nothing to this person other than make a loan to them. Which if I’m not mistaken that person requested them to do. To somehow now justify this as sticking it to the man, is from my viewpoint a very bizarre stretch.

XBoxBoy

[XBoxBoy]

[quote=patb]Banks extort money from people.

They extort 28% APR from you while paying 2% to account holders.
[/quote]

Since when did two wrongs make a right?

[quote=Rt.66]Good point for this thread! How many people are actually getting a feeling of revenge/satisfaction from sticking it to the bankers? How many of us are both sick and mad at these freeloading bums and at the same time, enjoy seeing the working stiff, stiff the bankers?
[/quote]

Rt.66 I would guess that we disagree on lots of things, but this might be the thing that we most disagree on. To me, seeking revenge is one of the most unattractive human attributes. Can’t say that I’ve never done so, but I never felt good about it once I realized what I’d done.

In this case it seems particularly unattractive because the bank has done nothing to this person other than make a loan to them. Which if I’m not mistaken that person requested them to do. To somehow now justify this as sticking it to the man, is from my viewpoint a very bizarre stretch.

XBoxBoy

[patientrenter]

What Rt 66 is missing is that any additional losses banks take now is straight out of the pockets of taxpayers and savers. Almost any bank still in business today is there because of money from the government (=taxpayers). So sticking it to the banks is sticking it to your more responsible (taxpaying and saving) fellow citizens.

[patientrenter]

What Rt 66 is missing is that any additional losses banks take now is straight out of the pockets of taxpayers and savers. Almost any bank still in business today is there because of money from the government (=taxpayers). So sticking it to the banks is sticking it to your more responsible (taxpaying and saving) fellow citizens.

[patientrenter]

What Rt 66 is missing is that any additional losses banks take now is straight out of the pockets of taxpayers and savers. Almost any bank still in business today is there because of money from the government (=taxpayers). So sticking it to the banks is sticking it to your more responsible (taxpaying and saving) fellow citizens.

[patientrenter]

What Rt 66 is missing is that any additional losses banks take now is straight out of the pockets of taxpayers and savers. Almost any bank still in business today is there because of money from the government (=taxpayers). So sticking it to the banks is sticking it to your more responsible (taxpaying and saving) fellow citizens.

[patientrenter]

What Rt 66 is missing is that any additional losses banks take now is straight out of the pockets of taxpayers and savers. Almost any bank still in business today is there because of money from the government (=taxpayers). So sticking it to the banks is sticking it to your more responsible (taxpaying and saving) fellow citizens.

[ibjames]

wow, so there is no sense of dignity left anymore, tis a sad time indeed.

I have had this conversation with my wife, and she laughs at the thought that we would ever turn our backs on something we got ourselves into like people now are doing.

If you were ok with the payments before why aren’t you ok now? If your loan is ok, your house just is upside down right now, why default. Just because your stocks dip does not mean you sell them in a frenzied panic, because there is a good chance that someday they’ll go up.

The sad thing is people are still looking at houses like an investment. It’s a house, you live in it for crying out loud, and hopefully you pay it off and have an easier living when you are old.

If you were dumb enough to buy a 800 sq. ft place with your wife and child and you just had another kid then I guess it would have happened anyway, as you are just a dumbass that didn’t plan a damn thing. All this other nonsense just makes no sense at all.

I have friends that are thinking of trying to short sell, the only reason is because their loan is adjusting, and they can’t afford the payment and the bank won’t talk to them. They can’t refi because they are 150k underwater. If you can’t make a payment you can’t make a payment. If you can make the payment, then what is the problem?

Seriously, does anyone have any dignity anymore? Does everyone in CA bathe in snake oil? It sure seems that way

[ibjames]

wow, so there is no sense of dignity left anymore, tis a sad time indeed.

I have had this conversation with my wife, and she laughs at the thought that we would ever turn our backs on something we got ourselves into like people now are doing.

If you were ok with the payments before why aren’t you ok now? If your loan is ok, your house just is upside down right now, why default. Just because your stocks dip does not mean you sell them in a frenzied panic, because there is a good chance that someday they’ll go up.

The sad thing is people are still looking at houses like an investment. It’s a house, you live in it for crying out loud, and hopefully you pay it off and have an easier living when you are old.

If you were dumb enough to buy a 800 sq. ft place with your wife and child and you just had another kid then I guess it would have happened anyway, as you are just a dumbass that didn’t plan a damn thing. All this other nonsense just makes no sense at all.

I have friends that are thinking of trying to short sell, the only reason is because their loan is adjusting, and they can’t afford the payment and the bank won’t talk to them. They can’t refi because they are 150k underwater. If you can’t make a payment you can’t make a payment. If you can make the payment, then what is the problem?

Seriously, does anyone have any dignity anymore? Does everyone in CA bathe in snake oil? It sure seems that way

[ibjames]

wow, so there is no sense of dignity left anymore, tis a sad time indeed.

I have had this conversation with my wife, and she laughs at the thought that we would ever turn our backs on something we got ourselves into like people now are doing.

If you were ok with the payments before why aren’t you ok now? If your loan is ok, your house just is upside down right now, why default. Just because your stocks dip does not mean you sell them in a frenzied panic, because there is a good chance that someday they’ll go up.

The sad thing is people are still looking at houses like an investment. It’s a house, you live in it for crying out loud, and hopefully you pay it off and have an easier living when you are old.

If you were dumb enough to buy a 800 sq. ft place with your wife and child and you just had another kid then I guess it would have happened anyway, as you are just a dumbass that didn’t plan a damn thing. All this other nonsense just makes no sense at all.

I have friends that are thinking of trying to short sell, the only reason is because their loan is adjusting, and they can’t afford the payment and the bank won’t talk to them. They can’t refi because they are 150k underwater. If you can’t make a payment you can’t make a payment. If you can make the payment, then what is the problem?

Seriously, does anyone have any dignity anymore? Does everyone in CA bathe in snake oil? It sure seems that way

[ibjames]

wow, so there is no sense of dignity left anymore, tis a sad time indeed.

I have had this conversation with my wife, and she laughs at the thought that we would ever turn our backs on something we got ourselves into like people now are doing.

If you were ok with the payments before why aren’t you ok now? If your loan is ok, your house just is upside down right now, why default. Just because your stocks dip does not mean you sell them in a frenzied panic, because there is a good chance that someday they’ll go up.

The sad thing is people are still looking at houses like an investment. It’s a house, you live in it for crying out loud, and hopefully you pay it off and have an easier living when you are old.

If you were dumb enough to buy a 800 sq. ft place with your wife and child and you just had another kid then I guess it would have happened anyway, as you are just a dumbass that didn’t plan a damn thing. All this other nonsense just makes no sense at all.

I have friends that are thinking of trying to short sell, the only reason is because their loan is adjusting, and they can’t afford the payment and the bank won’t talk to them. They can’t refi because they are 150k underwater. If you can’t make a payment you can’t make a payment. If you can make the payment, then what is the problem?

Seriously, does anyone have any dignity anymore? Does everyone in CA bathe in snake oil? It sure seems that way

[Author]

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