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February 17, 2009 at 9:53 PM #349176February 17, 2009 at 10:08 PM #348617
zzz
ParticipantNorth County Jim, who is footing the bill? I would argue that responsible people always end up footing the bill. If the government is investing in the lender / bank, then we the taxpayer are footing some portion of that loan mod. Or we, the responsible borrower pays for it in higher fees and rates passed along by the bank to cover its lending losses.
No I wouldn’t take advantage. See that is the problem, everyone is trying to take advantage of someone else and do they really believe no one gets screwed?
Justifications that everyone else is doing it does not make it right. Should I tell the IRS that everyone else is doing it when I cheat on my taxes or forget to pay? Well IRS tax guy, we have senators and our Treasury Secretary doing it and just getting a slap on the hand so I didn’t see the big deal. Where does the buck stop?
I’m really tired of people trying to meter their wrong against others wrongness and somehow justify their wrong is ok.
I mean no ill will to people who are in difficult financial decisions. However I think letting people fail in this country is the right thing to do. Somehow we as a society have come to think that everyone should win, everyone should own a home, everyone should drive a new car every 2 years. There is a reason why only so many people get into Harvard, and why we don’t hand out 10th place medals. People win, people lose. If you violate this rule of nature, there are consequences.
February 17, 2009 at 10:08 PM #348935ParticipantNorth County Jim, who is footing the bill? I would argue that responsible people always end up footing the bill. If the government is investing in the lender / bank, then we the taxpayer are footing some portion of that loan mod. Or we, the responsible borrower pays for it in higher fees and rates passed along by the bank to cover its lending losses.
No I wouldn’t take advantage. See that is the problem, everyone is trying to take advantage of someone else and do they really believe no one gets screwed?
Justifications that everyone else is doing it does not make it right. Should I tell the IRS that everyone else is doing it when I cheat on my taxes or forget to pay? Well IRS tax guy, we have senators and our Treasury Secretary doing it and just getting a slap on the hand so I didn’t see the big deal. Where does the buck stop?
I’m really tired of people trying to meter their wrong against others wrongness and somehow justify their wrong is ok.
I mean no ill will to people who are in difficult financial decisions. However I think letting people fail in this country is the right thing to do. Somehow we as a society have come to think that everyone should win, everyone should own a home, everyone should drive a new car every 2 years. There is a reason why only so many people get into Harvard, and why we don’t hand out 10th place medals. People win, people lose. If you violate this rule of nature, there are consequences.
February 17, 2009 at 10:08 PM #349054ParticipantNorth County Jim, who is footing the bill? I would argue that responsible people always end up footing the bill. If the government is investing in the lender / bank, then we the taxpayer are footing some portion of that loan mod. Or we, the responsible borrower pays for it in higher fees and rates passed along by the bank to cover its lending losses.
No I wouldn’t take advantage. See that is the problem, everyone is trying to take advantage of someone else and do they really believe no one gets screwed?
Justifications that everyone else is doing it does not make it right. Should I tell the IRS that everyone else is doing it when I cheat on my taxes or forget to pay? Well IRS tax guy, we have senators and our Treasury Secretary doing it and just getting a slap on the hand so I didn’t see the big deal. Where does the buck stop?
I’m really tired of people trying to meter their wrong against others wrongness and somehow justify their wrong is ok.
I mean no ill will to people who are in difficult financial decisions. However I think letting people fail in this country is the right thing to do. Somehow we as a society have come to think that everyone should win, everyone should own a home, everyone should drive a new car every 2 years. There is a reason why only so many people get into Harvard, and why we don’t hand out 10th place medals. People win, people lose. If you violate this rule of nature, there are consequences.
February 17, 2009 at 10:08 PM #349086ParticipantNorth County Jim, who is footing the bill? I would argue that responsible people always end up footing the bill. If the government is investing in the lender / bank, then we the taxpayer are footing some portion of that loan mod. Or we, the responsible borrower pays for it in higher fees and rates passed along by the bank to cover its lending losses.
No I wouldn’t take advantage. See that is the problem, everyone is trying to take advantage of someone else and do they really believe no one gets screwed?
Justifications that everyone else is doing it does not make it right. Should I tell the IRS that everyone else is doing it when I cheat on my taxes or forget to pay? Well IRS tax guy, we have senators and our Treasury Secretary doing it and just getting a slap on the hand so I didn’t see the big deal. Where does the buck stop?
I’m really tired of people trying to meter their wrong against others wrongness and somehow justify their wrong is ok.
I mean no ill will to people who are in difficult financial decisions. However I think letting people fail in this country is the right thing to do. Somehow we as a society have come to think that everyone should win, everyone should own a home, everyone should drive a new car every 2 years. There is a reason why only so many people get into Harvard, and why we don’t hand out 10th place medals. People win, people lose. If you violate this rule of nature, there are consequences.
February 17, 2009 at 10:08 PM #349187ParticipantNorth County Jim, who is footing the bill? I would argue that responsible people always end up footing the bill. If the government is investing in the lender / bank, then we the taxpayer are footing some portion of that loan mod. Or we, the responsible borrower pays for it in higher fees and rates passed along by the bank to cover its lending losses.
No I wouldn’t take advantage. See that is the problem, everyone is trying to take advantage of someone else and do they really believe no one gets screwed?
Justifications that everyone else is doing it does not make it right. Should I tell the IRS that everyone else is doing it when I cheat on my taxes or forget to pay? Well IRS tax guy, we have senators and our Treasury Secretary doing it and just getting a slap on the hand so I didn’t see the big deal. Where does the buck stop?
I’m really tired of people trying to meter their wrong against others wrongness and somehow justify their wrong is ok.
I mean no ill will to people who are in difficult financial decisions. However I think letting people fail in this country is the right thing to do. Somehow we as a society have come to think that everyone should win, everyone should own a home, everyone should drive a new car every 2 years. There is a reason why only so many people get into Harvard, and why we don’t hand out 10th place medals. People win, people lose. If you violate this rule of nature, there are consequences.
February 17, 2009 at 10:34 PM #348582Participant[quote] zzz: I can tell from your naive post that you have basically no clue what your talking about.
Or are/were you a FB for “some” reason? [/quote]
paramount, wow so since you have nothing to say in your own defense you resort to accusing me of being naive? that is hilarious. in response to your question, no i’m not a screwed irresponsible person with no morals. there is nothing naive about expecting people to live up to their contracts. what good are they if people just walk? do you justify this because everyone else is doing it? this is absolutely about your family, do you want to teach your children that screwing others is ok? regardless of whether you are wronged, two wrongs do not make a right. i waste my time typing these obvious simplistic tenants of what people with character believe in because clearly you didn’t learn right from wrong.
stop your crying and act like a responsible adult.
you brought this on yourself with your post. if you didn’t want to hear honest feedback perhaps you shouldn’t post on a forum. go crawl back under your rock
February 17, 2009 at 10:34 PM #348899Participant[quote] zzz: I can tell from your naive post that you have basically no clue what your talking about.
Or are/were you a FB for “some” reason? [/quote]
paramount, wow so since you have nothing to say in your own defense you resort to accusing me of being naive? that is hilarious. in response to your question, no i’m not a screwed irresponsible person with no morals. there is nothing naive about expecting people to live up to their contracts. what good are they if people just walk? do you justify this because everyone else is doing it? this is absolutely about your family, do you want to teach your children that screwing others is ok? regardless of whether you are wronged, two wrongs do not make a right. i waste my time typing these obvious simplistic tenants of what people with character believe in because clearly you didn’t learn right from wrong.
stop your crying and act like a responsible adult.
you brought this on yourself with your post. if you didn’t want to hear honest feedback perhaps you shouldn’t post on a forum. go crawl back under your rock
February 17, 2009 at 10:34 PM #349019Participant[quote] zzz: I can tell from your naive post that you have basically no clue what your talking about.
Or are/were you a FB for “some” reason? [/quote]
paramount, wow so since you have nothing to say in your own defense you resort to accusing me of being naive? that is hilarious. in response to your question, no i’m not a screwed irresponsible person with no morals. there is nothing naive about expecting people to live up to their contracts. what good are they if people just walk? do you justify this because everyone else is doing it? this is absolutely about your family, do you want to teach your children that screwing others is ok? regardless of whether you are wronged, two wrongs do not make a right. i waste my time typing these obvious simplistic tenants of what people with character believe in because clearly you didn’t learn right from wrong.
stop your crying and act like a responsible adult.
you brought this on yourself with your post. if you didn’t want to hear honest feedback perhaps you shouldn’t post on a forum. go crawl back under your rock
February 17, 2009 at 10:34 PM #349051Participant[quote] zzz: I can tell from your naive post that you have basically no clue what your talking about.
Or are/were you a FB for “some” reason? [/quote]
paramount, wow so since you have nothing to say in your own defense you resort to accusing me of being naive? that is hilarious. in response to your question, no i’m not a screwed irresponsible person with no morals. there is nothing naive about expecting people to live up to their contracts. what good are they if people just walk? do you justify this because everyone else is doing it? this is absolutely about your family, do you want to teach your children that screwing others is ok? regardless of whether you are wronged, two wrongs do not make a right. i waste my time typing these obvious simplistic tenants of what people with character believe in because clearly you didn’t learn right from wrong.
stop your crying and act like a responsible adult.
you brought this on yourself with your post. if you didn’t want to hear honest feedback perhaps you shouldn’t post on a forum. go crawl back under your rock
February 17, 2009 at 10:34 PM #349151Participant[quote] zzz: I can tell from your naive post that you have basically no clue what your talking about.
Or are/were you a FB for “some” reason? [/quote]
paramount, wow so since you have nothing to say in your own defense you resort to accusing me of being naive? that is hilarious. in response to your question, no i’m not a screwed irresponsible person with no morals. there is nothing naive about expecting people to live up to their contracts. what good are they if people just walk? do you justify this because everyone else is doing it? this is absolutely about your family, do you want to teach your children that screwing others is ok? regardless of whether you are wronged, two wrongs do not make a right. i waste my time typing these obvious simplistic tenants of what people with character believe in because clearly you didn’t learn right from wrong.
stop your crying and act like a responsible adult.
you brought this on yourself with your post. if you didn’t want to hear honest feedback perhaps you shouldn’t post on a forum. go crawl back under your rock
February 17, 2009 at 10:49 PM #348652sdnerd
Participant[quote=TheBreeze]
You’re missing the point. A business decision involves two willing parties who are each risking their own money. What we have here is one party, the FB, who took out a low-cost loan at the expense of an unwilling party, taxpayers through an unscrupulous intermediary, crooked banksters.
[/quote]In all fairness, things have changed quite significantly in the last few months.
Personally years ago when I bought my place, the banks were not being bailed out by taxpayers. Two willing parties made an agreement: I pay, or I give the property back to the bank. That’s it. We agreed and signed a contract. Nobody forced anyone’s hand, and we both fully understood the terms of our agreement.
For me, that is entirely a business decision whether I keep the house or hand it back. I fail to see how it could be anything else.
Now, fast forward to today.
It’s extremely unfortunate the government/taxpayers/world are now backstopping bank losses. And I personally would need to sit down and ponder the moral issues handing in the keys now. I would still argue that under the original terms of the agreement, it is still a business decision.
Loan modifications, etc are in themselves an entirely new agreement but in no way changes the original.
February 17, 2009 at 10:49 PM #348970Participant[quote=TheBreeze]
You’re missing the point. A business decision involves two willing parties who are each risking their own money. What we have here is one party, the FB, who took out a low-cost loan at the expense of an unwilling party, taxpayers through an unscrupulous intermediary, crooked banksters.
[/quote]In all fairness, things have changed quite significantly in the last few months.
Personally years ago when I bought my place, the banks were not being bailed out by taxpayers. Two willing parties made an agreement: I pay, or I give the property back to the bank. That’s it. We agreed and signed a contract. Nobody forced anyone’s hand, and we both fully understood the terms of our agreement.
For me, that is entirely a business decision whether I keep the house or hand it back. I fail to see how it could be anything else.
Now, fast forward to today.
It’s extremely unfortunate the government/taxpayers/world are now backstopping bank losses. And I personally would need to sit down and ponder the moral issues handing in the keys now. I would still argue that under the original terms of the agreement, it is still a business decision.
Loan modifications, etc are in themselves an entirely new agreement but in no way changes the original.
February 17, 2009 at 10:49 PM #349089Participant[quote=TheBreeze]
You’re missing the point. A business decision involves two willing parties who are each risking their own money. What we have here is one party, the FB, who took out a low-cost loan at the expense of an unwilling party, taxpayers through an unscrupulous intermediary, crooked banksters.
[/quote]In all fairness, things have changed quite significantly in the last few months.
Personally years ago when I bought my place, the banks were not being bailed out by taxpayers. Two willing parties made an agreement: I pay, or I give the property back to the bank. That’s it. We agreed and signed a contract. Nobody forced anyone’s hand, and we both fully understood the terms of our agreement.
For me, that is entirely a business decision whether I keep the house or hand it back. I fail to see how it could be anything else.
Now, fast forward to today.
It’s extremely unfortunate the government/taxpayers/world are now backstopping bank losses. And I personally would need to sit down and ponder the moral issues handing in the keys now. I would still argue that under the original terms of the agreement, it is still a business decision.
Loan modifications, etc are in themselves an entirely new agreement but in no way changes the original.
February 17, 2009 at 10:49 PM #349121Participant[quote=TheBreeze]
You’re missing the point. A business decision involves two willing parties who are each risking their own money. What we have here is one party, the FB, who took out a low-cost loan at the expense of an unwilling party, taxpayers through an unscrupulous intermediary, crooked banksters.
[/quote]In all fairness, things have changed quite significantly in the last few months.
Personally years ago when I bought my place, the banks were not being bailed out by taxpayers. Two willing parties made an agreement: I pay, or I give the property back to the bank. That’s it. We agreed and signed a contract. Nobody forced anyone’s hand, and we both fully understood the terms of our agreement.
For me, that is entirely a business decision whether I keep the house or hand it back. I fail to see how it could be anything else.
Now, fast forward to today.
It’s extremely unfortunate the government/taxpayers/world are now backstopping bank losses. And I personally would need to sit down and ponder the moral issues handing in the keys now. I would still argue that under the original terms of the agreement, it is still a business decision.
Loan modifications, etc are in themselves an entirely new agreement but in no way changes the original.
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