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Topic:
This will drop him from the "a rich person liberals love" list.
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Date Posted:
1/1/00 12:00am
Subject:
This will drop him from the "a rich person liberals love" list.
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When you say something liberals love they feel the need to prop you up as a show piece. Look, even he is for our wonderful but failed programs. Then they will go and say a truth that liberals don't like and fall into the mud.
The liberal mindset was shown the other day when a poster said banks profit from evictions. Like paying 500k for a 150k house is such a deal.
http://www.bloomberg.com/news/2012-02-27/buffett-says-banks-victimized-by-evicted-homeowners-who-emerged-as-winners.html
Warren Buffett, who controls the biggest shareholding of the No. 1 U.S. mortgage lender, said banks were victimized by some homeowners who refinanced their loans before getting evicted.
“Large numbers of people who have ‘lost’ their house through foreclosure have actually realized a profit because they carried out refinancings earlier that gave them cash in excess of their cost,†Buffett, chairman and chief executive officer of Berkshire Hathaway Inc. (BRK/A), said Feb. 25 in his annual letter. “In these cases, the evicted homeowner was the winner, and the victim was the lender.â€
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There are three kind of liberals;
Stupid, ignorant or evil
The result is always evil but the intent is not always evil. Not that it makes much difference in the long run.
No one here is exactly as they seem. - G'Kar
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Yukishiro1
Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:00am
Subject:
This will drop him from the "a rich person liberals love" list.
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Why would that make anyone angry? Assuming it's true.
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reesescups
Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
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Date Posted:
1/1/00 12:00am
Subject:
This will drop him from the "a rich person liberals love" list.
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Why would banks refinance a house that was A) under-water and B) to someone that wasn't credit worthy?
I am sure this happened a time or two but I don't suspect a large number of people were able to pull this off...
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
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Date Posted:
1/1/00 12:00am
Subject:
This will drop him from the "a rich person liberals love" list.
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Yukishiro1 posted:
Why would that make anyone angry? Assuming it's true.
-----signature-----
I radiate more heat than light.
I know what you're trying to do but you're just sailing another failboat over the falls. - imaloon1
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Date Posted:
1/1/00 12:00am
Subject:
This will drop him from the "a rich person liberals love" list.
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reesescups posted:
Why would banks refinance a house that was A) under-water and B) to someone that wasn't credit worthy?
I am sure this happened a time or two but I don't suspect a large number of people were able to pull this off...
They did it because the government would hammer them if they didn't. How short the liberal memory is.
-----signature-----
There are three kind of liberals;
Stupid, ignorant or evil
The result is always evil but the intent is not always evil. Not that it makes much difference in the long run.
No one here is exactly as they seem. - G'Kar
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reesescups
Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
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Date Posted:
1/1/00 12:00am
Subject:
This will drop him from the "a rich person liberals love" list.
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Fist_de_Yuma posted:
reesescups posted:
Why would banks refinance a house that was A) under-water and B) to someone that wasn't credit worthy?
I am sure this happened a time or two but I don't suspect a large number of people were able to pull this off...
They did it because the government would hammer them if they didn't.
Huh?
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
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Yukishiro1
Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:00am
Subject:
This will drop him from the "a rich person liberals love" list.
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I'm not sure I really understand the mechanism he's talking about. How would you get more out than your costs?
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__Bonk__
Posts: 5,122
Registered: 2009-7-25 03:04:52
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Date Posted:
1/1/00 12:00am
Subject:
This will drop him from the "a rich person liberals love" list.
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They actually have people teaching others now how to walk away and let the bank take the hit now
-----signature-----
I keep my eyes fixed on the sun!
A change in feeling is a change in destiny.
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Yukishiro1
Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:00am
Subject:
This will drop him from the "a rich person liberals love" list.
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That sounds sensible. Why wouldn't people want to do what's in their best advantage? You can bet the Bank has people teaching them how to do what's best for the Bank's bottom line too.
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Date Posted:
1/1/00 12:00am
Subject:
This will drop him from the "a rich person liberals love" list.
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Yukishiro1 posted:
That sounds sensible. Why wouldn't people want to do what's in their best advantage? You can bet the Bank has people teaching them how to do what's best for the Bank's bottom line too.
Acting in your best interest = Good
Fraud = Bad
Think about it Yukishiro1. If you take out a loan with on intent to pay it back are you acting in your best interest or committing fraud?
-----signature-----
There are three kind of liberals;
Stupid, ignorant or evil
The result is always evil but the intent is not always evil. Not that it makes much difference in the long run.
No one here is exactly as they seem. - G'Kar
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