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May 26, 2009 at 11:51 PM in reply to: Stupid refinance rule: Must live within 100 miles from property! #406104May 26, 2009 at 11:51 PM in reply to: Stupid refinance rule: Must live within 100 miles from property! #406348
Crooked_Banker
Participant[quote=Oxford]
“Fortunately, this not a FNMA requirement. Therefore, other Banks can approve your loan.”How stupid? Anyone ever heard of this?
OX
[/quote]
The stupid part of this is that my tax dollars are subsidizing the mortgage on your rental through FNMA. What a waste of tax money in a time of unprecedented deficits.
May 26, 2009 at 11:51 PM in reply to: Stupid refinance rule: Must live within 100 miles from property! #406591Participant[quote=Oxford]
“Fortunately, this not a FNMA requirement. Therefore, other Banks can approve your loan.”How stupid? Anyone ever heard of this?
OX
[/quote]
The stupid part of this is that my tax dollars are subsidizing the mortgage on your rental through FNMA. What a waste of tax money in a time of unprecedented deficits.
May 26, 2009 at 11:51 PM in reply to: Stupid refinance rule: Must live within 100 miles from property! #406653Participant[quote=Oxford]
“Fortunately, this not a FNMA requirement. Therefore, other Banks can approve your loan.”How stupid? Anyone ever heard of this?
OX
[/quote]
The stupid part of this is that my tax dollars are subsidizing the mortgage on your rental through FNMA. What a waste of tax money in a time of unprecedented deficits.
May 26, 2009 at 11:51 PM in reply to: Stupid refinance rule: Must live within 100 miles from property! #406801Participant[quote=Oxford]
“Fortunately, this not a FNMA requirement. Therefore, other Banks can approve your loan.”How stupid? Anyone ever heard of this?
OX
[/quote]
The stupid part of this is that my tax dollars are subsidizing the mortgage on your rental through FNMA. What a waste of tax money in a time of unprecedented deficits.
May 20, 2009 at 7:53 AM in reply to: OT: Insurance companies set to destroy software industry? #402854Participant[quote=Nor-LA-SD-guy]
Just My Opinion But I think this will benefit the Big companies (MSFT IBM etc…)
It’s the Small guy I think that will be forced out of business, the guy writing apps for Iphone out of his home etc…
[/quote]
Actually, lawyers tend to go after big pockets (that’s where the money is), so the big software companies are more likely to get hit by lawsuits than the little guys.
In the big picture though, this is just another tax on the ‘producers’ (software vendors) in order to benefit the ‘non-producers’ (government-supported insurance companies/attorneys/etc).
May 20, 2009 at 7:53 AM in reply to: OT: Insurance companies set to destroy software industry? #403106Participant[quote=Nor-LA-SD-guy]
Just My Opinion But I think this will benefit the Big companies (MSFT IBM etc…)
It’s the Small guy I think that will be forced out of business, the guy writing apps for Iphone out of his home etc…
[/quote]
Actually, lawyers tend to go after big pockets (that’s where the money is), so the big software companies are more likely to get hit by lawsuits than the little guys.
In the big picture though, this is just another tax on the ‘producers’ (software vendors) in order to benefit the ‘non-producers’ (government-supported insurance companies/attorneys/etc).
May 20, 2009 at 7:53 AM in reply to: OT: Insurance companies set to destroy software industry? #403340Participant[quote=Nor-LA-SD-guy]
Just My Opinion But I think this will benefit the Big companies (MSFT IBM etc…)
It’s the Small guy I think that will be forced out of business, the guy writing apps for Iphone out of his home etc…
[/quote]
Actually, lawyers tend to go after big pockets (that’s where the money is), so the big software companies are more likely to get hit by lawsuits than the little guys.
In the big picture though, this is just another tax on the ‘producers’ (software vendors) in order to benefit the ‘non-producers’ (government-supported insurance companies/attorneys/etc).
May 20, 2009 at 7:53 AM in reply to: OT: Insurance companies set to destroy software industry? #403401Participant[quote=Nor-LA-SD-guy]
Just My Opinion But I think this will benefit the Big companies (MSFT IBM etc…)
It’s the Small guy I think that will be forced out of business, the guy writing apps for Iphone out of his home etc…
[/quote]
Actually, lawyers tend to go after big pockets (that’s where the money is), so the big software companies are more likely to get hit by lawsuits than the little guys.
In the big picture though, this is just another tax on the ‘producers’ (software vendors) in order to benefit the ‘non-producers’ (government-supported insurance companies/attorneys/etc).
May 20, 2009 at 7:53 AM in reply to: OT: Insurance companies set to destroy software industry? #403552Participant[quote=Nor-LA-SD-guy]
Just My Opinion But I think this will benefit the Big companies (MSFT IBM etc…)
It’s the Small guy I think that will be forced out of business, the guy writing apps for Iphone out of his home etc…
[/quote]
Actually, lawyers tend to go after big pockets (that’s where the money is), so the big software companies are more likely to get hit by lawsuits than the little guys.
In the big picture though, this is just another tax on the ‘producers’ (software vendors) in order to benefit the ‘non-producers’ (government-supported insurance companies/attorneys/etc).
May 20, 2009 at 1:14 AM in reply to: OT: Insurance companies set to destroy software industry? #402816Participant[quote=equalizer]You mean Microsoft wont get to infect public with blue screens? I better buy more MSFT shares. [/quote]
This has nothing to do with higher quality software. Microsoft and other non-government-supported software vendors will just be forced to buy massive insurance policies to protect themselves against the inevitable class action lawsuits to come.
This change in law is all about letting the government-supported insurance/banking companies take a slice of the profits from non-government-supported software vendors. Attorneys will likely also benefit. The losers will be people and companies who actually make things.
May 20, 2009 at 1:14 AM in reply to: OT: Insurance companies set to destroy software industry? #403068Participant[quote=equalizer]You mean Microsoft wont get to infect public with blue screens? I better buy more MSFT shares. [/quote]
This has nothing to do with higher quality software. Microsoft and other non-government-supported software vendors will just be forced to buy massive insurance policies to protect themselves against the inevitable class action lawsuits to come.
This change in law is all about letting the government-supported insurance/banking companies take a slice of the profits from non-government-supported software vendors. Attorneys will likely also benefit. The losers will be people and companies who actually make things.
May 20, 2009 at 1:14 AM in reply to: OT: Insurance companies set to destroy software industry? #403302Participant[quote=equalizer]You mean Microsoft wont get to infect public with blue screens? I better buy more MSFT shares. [/quote]
This has nothing to do with higher quality software. Microsoft and other non-government-supported software vendors will just be forced to buy massive insurance policies to protect themselves against the inevitable class action lawsuits to come.
This change in law is all about letting the government-supported insurance/banking companies take a slice of the profits from non-government-supported software vendors. Attorneys will likely also benefit. The losers will be people and companies who actually make things.
May 20, 2009 at 1:14 AM in reply to: OT: Insurance companies set to destroy software industry? #403363Participant[quote=equalizer]You mean Microsoft wont get to infect public with blue screens? I better buy more MSFT shares. [/quote]
This has nothing to do with higher quality software. Microsoft and other non-government-supported software vendors will just be forced to buy massive insurance policies to protect themselves against the inevitable class action lawsuits to come.
This change in law is all about letting the government-supported insurance/banking companies take a slice of the profits from non-government-supported software vendors. Attorneys will likely also benefit. The losers will be people and companies who actually make things.
May 20, 2009 at 1:14 AM in reply to: OT: Insurance companies set to destroy software industry? #403512Participant[quote=equalizer]You mean Microsoft wont get to infect public with blue screens? I better buy more MSFT shares. [/quote]
This has nothing to do with higher quality software. Microsoft and other non-government-supported software vendors will just be forced to buy massive insurance policies to protect themselves against the inevitable class action lawsuits to come.
This change in law is all about letting the government-supported insurance/banking companies take a slice of the profits from non-government-supported software vendors. Attorneys will likely also benefit. The losers will be people and companies who actually make things.
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