Mortgage Refinancing Coming

Sep 25, 2011
  • Since the Bank determines what your house is worth, why would the bank do anything but wait for the foreclosure, collect the mortgage insurance, … that you paid for each month,… and have the Feds tell the Mint to print cold hard cash and give to to them, …then take your house too. Any American that ask for refinance is just saying to any bank that they are dead beats that can not afford to do business with the Bank. Why would ANY Bank believe in mutual support of others when it can serve its own self interest instead?
  • Maybe the Federal Reserve will eventually understand is that it is FINANCIALLY PRACTICAL FOR THE UNDERWATER HOMEOWNERS TO STOP PAYING THE MORTGAGES AND LIVE RENT FREE… If your House is worth much less than the mortgage, why refinance? You will only gain a few dollars in Monthly Note Reduction and the REFINANCING FEES WILL EAT THE SMALL SAVINGS. THEN AFTERWARDS YOU STILL HAVE TO DEAL WITH THE LOSS IN EQUITY. If you stop paying the mortgage at least you have that huge monthly cashflow until foreclosure happens (maybe 18 months…). So what if your credit is damaged! YES, I KNOW THAT IS NOT THE AMERICAN WAY, BUT TELL THAT TO THE BANKING CROOKS THAT GOT US IN THIS MESS. If you want to get a job in another State you can rent and then move without the hassle of having to SELL A HOUSE. ONLY THE REALTORS AND TITLE COMPANIES PROFIT…
  • Lending has to be strict to prevent another housing bubbles. Don’t they understand? And also if one doesn’t have a job, how can the bank approve the loan? It is a very tough time right now, but in the long run, people will be used to the strict lending and start living within their means. The government needs to stop blaming the banks for that and start curbing bank risk taking and remove some of the stupid regulations that are killing jobs.
  • Lending Standards should be strict! PEOPLE SHOULD RENT IF they do not have enough DISPOSABLE INCOME AND A GOOD EQUITY DOWNPAYMENT(including Closing Costs) to BUY A HOUSE. If a mortgage is not paid the Foreclosure should happen in a legal manner.
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One day the economy is recovering?

Sep 6, 2011
  • The index fell because there were unconfirmed rumors that the feds are running out of the special trees which are used by the US mint to print USD on. There is a shortage of the special ink that is only produced in China. The index is unlikely to come up unless the feds can find new sources of these special trees. Jean Trichet has been secretly growing such trees but is not willing to disclose this until the German parliament approves the EU bailout. Obama meanwhile is hoping Ben is able do some magic and Perry on the other hand, does not want Ben to do anything until he gets elected and has promised Ben he can print as much as he wants with no constraints. The American public meanwhile defrauded to the last penny by Wall Street friends of Ben have given up hope and the only way out for them to stop paying their mortgage. Wall Street though is keenly waiting for the tax payers to take the fall, especially now that the bonus season is close.
  • Why should anyone be surprised at this outcome of the Washington farce? My biggest concern is that in another week or so they will be back at it again. The fact that a frontrunner for the Republican presidential nomination is publicly saying that God delivered Hurricane Irene to Washington as a warning is equally disturbing.
  • How about voting someone in who has some credibility! 99% of these clowns in Washington are a waste of space! They have all of a sudden become fiscally responsible, now that their incompetence is there for all too see! They have been incompetent for years but everyone just accepted it!
    Doesn’t matter which Party either, they are all the same. Corrupt! They will tell you exactly what they think you want to hear to get elected! Then they will keep doing “Business as usual” as soon as they are re-elected!
    This next election is “Make or Break” Make it count! continue reading »
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US Banks Sued

Sep 4, 2011
  • Of course the timing of this has nothing to do with BO out on the campaign trail on his bus. When did the banking crisis happen? 3 years ago, and they’re getting around to it now….disgusting.
  • So……First the government bails these banks out with TARP and is now sueing them? That makes a lot of sense…
  • Let’s make sure that the Banks have no money to lend to anyone. Regulators at their best.
  • Its like bailing out a criminal. After the trial the criminal goes to jail and you get the bail money back. That’s how it goes people. Duh.
  • I don’t know why they are doing that, if they still want the banks to help the economy by lending.
  • Not to mention actionable litigation damages to the US Economy… yes junior.. us little people.
    we’re just gettin warmed up!
  • I think they are doing this so they can leverage a deal for rewriting mortgages for people that used their houses as ATMS
  • If FHFA has its way I might enter S and P at 950. For all of the Bank haters…..try to get a loan.
  • This country that lacks skilled scientist, engineers, math majors……etc
    College is outrageously expensive and to borrow you get charged 8% interest – Wouldn’t you think a Student Loan would be 3-4%? Especially when Fed Funds is .25%
  • They should sue Bill Clinton for starting it all with the repeal of Glass-Seagall and the Community Investment Act
  • I’d’ love to see the gov’t prosecute members of congress who pushed banks (freddie/fannie) to accept mortgages from people with no down-payment, no jobs.
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US Food Safety

Sep 4, 2011
  • Fukk that, the agriculture industry needs tax cuts and no regulation, only then they can feed us healthy food.
    We all know that all private enterprises are self-regulating, they will not wipe out your whole family with contaminated foods, unsafe equipment, lack of medical care.
    Fukk this big government, those communists that we elected should not be allowed to stand in the way of profits.
  • The food supply chin in this country is deplorable.
    Grow your own (vegetables). Buy meats locally from a co-op.
    Dept of Ag is controlled by Wall Street, just like the rest of DC.
  • chin = chain. Before some typo-nazi has a field day.
  • Michelle Bachmann would rather die from anthrax than inhibit the profits of the industrialized “farm” corporations of the world.
    All these rules and regulations, phooey!
    And I think we should stop testing our water supplies for the presence of these chemicals – HELLO – no more big government interference in our polluting and killing please.
    McNuggets for all!!
  • Get a clue people – you want good quality and safe food, you need to pay for it. Same with that other article about teh FDA and the hip replacements, letting the ‘profit’ be the self regulating factor isnt going to give you high quality and safety, at least not in a short time to make a difference. Only with tech (like the article about tablet devices) does the best show through instantly and the second rate stuff get shunned. In food and medicine its a whole different game and takes years to manifest itself if there is a bad ‘apple’ product out there. And it doesnt hurt the fradulent and unethical company until the damage is done- then they have moved on anyway.
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US Jobs Report

Sep 4, 2011
  • I need a job is anyone hiring? I thought this would be a good place to ask.
  • HERES ANOTHER THOUGHT WILL THEY ADD INTO THE JOBS REPORT THE VERIZON WORKERS THAT RETURNED TO WORK? JUST A THOUGHT
  • If someone offered you unlimited amounts of money for 10 years at 2% interest, would you take it?
  • Such a joke. Businesses wait for hiring data when…oh they’re the ones that do the hiring. What a farce. Talk about holding your own destiny in your hands. The whole system is rigged.
  • Fill in names where appropriate to accurately reflect your view on the current financial situation.

    A cardiologist died and was given an elaborate funeral. A huge Heart covered in flowers stood behind the casket during the service.

    Following the eulogy, the heart opened, and the casket rolled inside. The heart then closed, sealing the doctor in the beautiful heart forever.

    At that point, one of the mourners burst into laughter. When all eyes stared at him, he said, “I’m sorry, I was just thinking …of my own funeral……..I’m a gynecologist”.

    The proctologist fainted. .:)

  • GEE… THIS IS REALLY NEW NEWS,,, this administration and every agency does it darnest to put a damper on free market economic activity and writers on this forum are wondering why unemployment is so “HIGH”. As I have restated in past posting Osama Obama tries the old political trick by saying that “he thinks about creating jobs every morning and every evening before he goes to sleep”. If he is really thinking about us, he might “reorient his thinging” out of the classroom and do what’s right.. ALLOW THE FREE MARKET to work as it has historically. I am beginning to think this fool failed COMMON-SENSE, HISTORY AND ECONOMICS IN COLLEGE. IF you read much, his “GREEN JOBS” initiative cost the American TAX PAYING Public 1/2 a billion $ AND 1100 jobs when the stimulus plan invested in a BOGUS company that when BANKRUPT recently. conduct due-dilligence fool.

    THIS upcoming stunning anouncement about creating JOBS I suspect will cost us more $ & more jobs with GOVENMENT INTERVENTION.

    Open for comments: .. and don’t blame the former administration OR SAY HE IS TRYING. THIS IS NOT OJT.

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