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Author Topic: This will drop him from the "a rich person liberals love" list. [Locked]
Yukishiro1  4 stars
Posts: 3,243
Registered: 2002-9-20 23:52:57
Uh fraud depends on your intent at the time of the loan agreement not at the time you walk away. There is nothing wrong with walking away from a house if you pay the penalties for doing so.
reesescups  4 stars
Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
Yukishiro1 posted:

Uh fraud depends on your intent at the time of the loan agreement not at the time you walk away.

He doesn't even know the definition of a lie. Fraud has even more letters in it than lie does...

You think there a chance in hell that illiterate bastard knows what fraud means?

 

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Altra_Shadowstalker  4 stars
Posts: 1,266
Registered: 2002-1-17 11:48:15
Sounds like a good Free Market business deal. Well, only if your first name is Bank, otherwise it's OMG IMMORAL.

 

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Fist_de_Yuma  3 stars
Posts: 571
Registered: 2001-12-20 21:17:22
Let us go back to 2005 and see what the IRS is reporting in this issue.

http://www.irs.gov/newsroom/article/0,,id=136208,00.html

In recent years, the booming real estate market has helped increase mortgage fraud and other phony real estate related schemes. The perpetrators of these schemes range from mortgage brokers looking to make a fast buck to drug dealers laundering their ill-gotten gains. Every year, these fraudulent schemes victimize individuals and businesses from many walks of life, including struggling low-income families lured into home loans they can’t afford, legitimate lenders saddled with over-inflated mortgages and honest real estate investors fleeced out of their investment dollars.

 

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There are three kind of liberals;
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The result is always evil but the intent is not always evil. Not that it makes much difference in the long run.
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reesescups  4 stars
Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
Fist_de_Yuma posted:

Let us go back to 2005 and see what the IRS is reporting in this issue.

http://www.irs.gov/newsroom/article/0,,id=136208,00.html

In recent years, the booming real estate market has helped increase mortgage fraud and other phony real estate related schemes. The perpetrators of these schemes range from mortgage brokers looking to make a fast buck to drug dealers laundering their ill-gotten gains. Every year, these fraudulent schemes victimize individuals and businesses from many walks of life, including struggling low-income families lured into home loans they can’t afford, legitimate lenders saddled with over-inflated mortgages and honest real estate investors fleeced out of their investment dollars.

Ok and what does that have to do with Buffet, and liberals hating Buffet?

 

-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
Fist_de_Yuma  3 stars
Posts: 571
Registered: 2001-12-20 21:17:22
The liberal mantra has been that the evil bankers are evicting the poor people from their homes. Right out of Hollywood. The truth is people are getting a year or two of rent free housing before they are forced out. The big losers are the banks. So why are they the bad guy? Well, you will have to ask a liberal. Anyone who tells a truth that goes against the liberal belief is generally attacked. I could be wrong in this case. Time will tell.

 

-----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
reesescups  4 stars
Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
Fist_de_Yuma posted:

The liberal mantra has been that the evil bankers are evicting the poor people from their homes.

Well we already know this is true.

People have been evicted that were not even behind on their mortgage. Hell people have been evicted that didn't even have a mortgage or any other lein against their house...


Again - everyone knows this.


People also realize that their are instances where Banks are getting effed as well. As in such rare cases which Buffet is talking about.

Now - what is it about IRS quote that has to deal with what Buffet said, and why should Liberals hate Buffet for saying this?

 

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"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
Sezyrrith  2 stars
Posts: 257
Registered: 2003-7-13 05:04:05
reesescups posted:

Now - what is it about IRS quote that has to deal with what Buffet said, and why should Liberals hate Buffet for saying this?

These were my questions as well.

 

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Aerlinthian  4 stars
Posts: 2,126
Registered: 2001-5-7 23:53:38
I'm not going to bother reading all the partisan arglebargle on this as the entire mess would have not been created in the first place if more people understood and rejected the massive corporate enabled fascism that our government has become over the decades.
__Bonk__  5 stars
Posts: 5,122
Registered: 2009-7-25 03:04:52
People have to do whats best for them. If walking away is best more power to them.

 

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