ACORN plans mass revolts

Anon

They say to those who bit off more than they could chew to revolt and protest foreclosures. So since these people were too stupid to know they couldn't afford that huge house and now can't pay the bills are being put into foreclosure, well now that is racist!

Change indeed!

Screw those of use who actually are responsible and pay our bills. We now have to bailout the scum who want MORE handouts.

This country gets worse every day.

WaveCameCrashin

JB811 wrote:

They say to those who bit off more than they could chew to revolt and protest foreclosures. So since these people were too stupid to know they couldn't afford that huge house and now can't pay the bills are being put into foreclosure, well now that is racist!

Change indeed!

Screw those of use who actually are responsible and pay our bills. We now have to bailout the scum who want MORE handouts.

This country gets worse every day.

I couldn't agree with you more sir but I'm sure we will both get hammered for thinking this way..Can you say SOCIALISIM. :x

soulsinging

I prefer handouts to the homeowners than the banks.

WaveCameCrashin

soulsinging wrote:

I prefer handouts to the homeowners than the banks.

Why? they knew what they could afford and what they couldn't...I also think we shouldn't bail out the banks either..

soulsinging

gvn2fly74 wrote:

soulsinging wrote:

I prefer handouts to the homeowners than the banks.

Why? they knew what they could afford and what they couldn't...I also think we shouldn't bail out the banks either..

The banks knew they couldn't afford the loans, but still pressured them to take them. They also knew nobody could understand their contracts, not even the people that wrote them, yet they strong-armed people into signing them and then used it to rape them with exploding interest and other terms. Then they sold the loans to other companies so that if people had problems or questions, they could never get someone to speak to them about it and could no longer rely on the local officer at their bank... instead having to explain it to some phone service overseas. The way the banks ran their business is unconscionable.

They tried to screw every middle class, lower class, and poor person that walked in their door, figuring that if they couldn't pay they would kick them out and repo the house and sell it again to make enormous profits. It's like they bought a ship, bought the cheapest crew they could and are now whining that the ship is sinking because their corner-cutting efforts have blown up in their faces.

What they have been doing is unconscionable. If I tried to scam some old white WW2 vet with an e-mail phishing you'd be livid at the way I took advantage of someone that wasn't sophisticated enough to see through it. But since most of these people are poor or black, then it's their fault for being too stupid to see through the scams the banks ran on them. I have no sympathy for the banks... they should have known better. The buyers didn't... they were trusting their banks' expertise to help them make this work, then got left out to dry.

Commy

gvn2fly74 wrote:

I couldn't agree with you more sir but I'm sure we will both get hammered for thinking this way..Can you say SOCIALISIM. :x

just to make sure I got my definitions right

socialism-bailout the majority
capitalism-bailout the wealthy minority


think I prefer socialism at this point.

WaveCameCrashin

Commy wrote:

gvn2fly74 wrote:

I couldn't agree with you more sir but I'm sure we will both get hammered for thinking this way..Can you say SOCIALISIM. :x

just to make sure I got my definitions right

socialism-bailout the majority
capitalism-bailout the wealthy minority


think I prefer socialism at this point.

then why dont you go live in cuba or N. korea :roll: :roll: do you not believe in free enterprise either? I guess your user name says it all huh?

Commy

gvn2fly74 wrote:

Commy wrote:

gvn2fly74 wrote:

I couldn't agree with you more sir but I'm sure we will both get hammered for thinking this way..Can you say SOCIALISIM. :x

just to make sure I got my definitions right

socialism-bailout the majority
capitalism-bailout the wealthy minority


think I prefer socialism at this point.

then why dont you go live in cuba or N. korea :roll: :roll:

think about it.

WaveCameCrashin

capitalisim and free enterprise is what this country was founded on.

Commy

gvn2fly74 wrote:

capitalisim and free enterprise is what this country was founded on.

true. it has since turned into a corporate welfare state. socialism for the rich. private profit at public expense. no risk for the wealthy. etc.

embracing "profit over people" as an economic model was obviously a mistake.

WaveCameCrashin

soulsinging wrote:

gvn2fly74 wrote:

soulsinging wrote:

I prefer handouts to the homeowners than the banks.

Why? they knew what they could afford and what they couldn't...I also think we shouldn't bail out the banks either..

The banks knew they couldn't afford the loans, but still pressured them to take them. They also knew nobody could understand their contracts, not even the people that wrote them, yet they strong-armed people into signing them and then used it to rape them with exploding interest and other terms. Then they sold the loans to other companies so that if people had problems or questions, they could never get someone to speak to them about it and could no longer rely on the local officer at their bank... instead having to explain it to some phone service overseas. The way the banks ran their business is unconscionable.

They tried to screw every middle class, lower class, and poor person that walked in their door, figuring that if they couldn't pay they would kick them out and repo the house and sell it again to make enormous profits. It's like they bought a ship, bought the cheapest crew they could and are now whining that the ship is sinking because their corner-cutting efforts have blown up in their faces.

What they have been doing is unconscionable. If I tried to scam some old white WW2 vet with an e-mail phishing you'd be livid at the way I took advantage of someone that wasn't sophisticated enough to see through it. But since most of these people are poor or black, then it's their fault for being too stupid to see through the scams the banks ran on them. I have no sympathy for the banks... they should have known better. The buyers didn't... they were trusting their banks' expertise to help them make this work, then got left out to dry.

I agree as far as the interest rates go thats just wrong,but the people who knew they couldn't afford them I dont have much sympathy for.

WaveCameCrashin

Commy wrote:

gvn2fly74 wrote:

capitalisim and free enterprise is what this country was founded on.

true. it has since turned into a corporate welfare state. socialism for the rich. private profit at public expense. no risk for the wealthy. etc.

embracing "profit over people" as an economic model was obviously a mistake.

socialisim for the rich? huh ? Dude what the hell are you talking about ?

Commy

gvn2fly74 wrote:

Commy wrote:

gvn2fly74 wrote:

capitalisim and free enterprise is what this country was founded on.

true. it has since turned into a corporate welfare state. socialism for the rich. private profit at public expense. no risk for the wealthy. etc.

embracing "profit over people" as an economic model was obviously a mistake.

socialisim for the rich? huh ? Dude what the hell are you talking about ?

its called neo liberalism, and it is a little different than socialism, but it amounts to the same thing.

say a corporation decides to make a new weapon. they gov't hands them tax dollars to think up some new idea. so they get an idea. the gov't gives them billions more to actually build the new weapon. and test it. then hands over billions more for them to produce that weapon. all called grants. and still nothing put in by the company -all tax dollars. if the weapon is considered useful by a branch of the military, the gov't actually buys the weapon (that it paid for with tax dollars to begin with), usually billions more. if not they scrap it. so no risk from the corporation, its all paid for in tax dollars. but if it succeeds, the corporation gets to pocket all the profits. public takes the risk, private corporation pockets the profits. called neo liberalism-basically massive gov't spending in the private sector. corporate handouts in other words.

reagan expanded this idea into other industries, with margaret thatcher. massive gov't spending in the private sector, while the companies keep the profits. he alone shifted over $1 trillion into the private sector. Bush 2 did it again, through the war in Iraq. he spent over a trillion dollars, on this war. he wasn't investing though, he was simply buying and handing it out. giving it to his vp's buddies at haliburton, who charged hundreds of millions of dollars for embassies and barracks and so on.

and its been the so-called conservatives who have been the biggest champions of neo liberalism.

kenny olav

JB811 wrote:

They say to those who bit off more than they could chew to revolt and protest foreclosures. So since these people were too stupid to know they couldn't afford that huge house and now can't pay the bills are being put into foreclosure, well now that is racist!

Change indeed!

Screw those of use who actually are responsible and pay our bills. We now have to bailout the scum who want MORE handouts.

This country gets worse every day.

but do you think it should be legal for creditors to take advantages of peoples' ignorance?

soulsinging

Kenny Olav wrote:

JB811 wrote:

They say to those who bit off more than they could chew to revolt and protest foreclosures. So since these people were too stupid to know they couldn't afford that huge house and now can't pay the bills are being put into foreclosure, well now that is racist!

Change indeed!

Screw those of use who actually are responsible and pay our bills. We now have to bailout the scum who want MORE handouts.

This country gets worse every day.

but do you think it should be legal for creditors to take advantages of peoples' ignorance?

Exactly. Nobody seems to ponder this... it's just that the people who took the loans are irresponsible... like we expect everyone to be experts in high finances just to buy a house. I'll literally eat shit if even half the people claiming this crap have read every single word of every contract they ever signed... every lease, every page of ever purchase, all the fine print on their credit card, all the terms and conditions on their phone contract... I guarantee most of them have called a phone company to bitch about how unreasonable the consequences of their phone use were and how unfair it is.

soulsinging

gvn2fly74 wrote:

I agree as far as the interest rates go thats just wrong,but the people who knew they couldn't afford them I dont have much sympathy for.

I don't think these people knew they couldn't afford things. I think they probably had reservations... reservations the banks assured them were unfounded as they explained how easy it would be for them to handle the loan and how willing the bank would be to work with them. They exploited these people, plain and simple. They don't tell them that if their payment is mailed under a quarter moon instead of a half moon, then their interest rate will triple from then on. They don't tell them they can sell that mortgage to a third party that can do whatever the hell they want to it without ever letting the loan recipient know, thereby depriving the recipient of the ability to speak personally to the person that talked them into the loan and assured them they'd be there to work with them if there were problems... instead the recipient faces an anonymous voice on a phone from india spouting nothing but legalese at them as they destroy their credit from halfway around the world and the banker says "sorry, I guess maybe I wasn't clear about the terms..."

WaveCameCrashin

soulsinging wrote:

gvn2fly74 wrote:

I agree as far as the interest rates go thats just wrong,but the people who knew they couldn't afford them I dont have much sympathy for.

I don't think these people knew they couldn't afford things. I think they probably had reservations... reservations the banks assured them were unfounded as they explained how easy it would be for them to handle the loan and how willing the bank would be to work with them. They exploited these people, plain and simple. They don't tell them that if their payment is mailed under a quarter moon instead of a half moon, then their interest rate will triple from then on. They don't tell them they can sell that mortgage to a third party that can do whatever the hell they want to it without ever letting the loan recipient know, thereby depriving the recipient of the ability to speak personally to the person that talked them into the loan and assured them they'd be there to work with them if there were problems... instead the recipient faces an anonymous voice on a phone from india spouting nothing but legalese at them as they destroy their credit from halfway around the world and the banker says "sorry, I guess maybe I wasn't clear about the terms..."

That's just nuts IMO.. I mean If I go on a car lot to buy a new car and the sales man says to me you know you should let me set you up in this new Mercedes. I know I cant afford that no matter what he says.. Isn't that the same? I think it comes down to Personal Responsibility


Its not what you think S.S. it's what you can prove.. But what about acorn harassing loan officers and banks.isn't there some truth to that?

inmytree

JB811 wrote:

They say to those who bit off more than they could chew to revolt and protest foreclosures. So since these people were too stupid to know they couldn't afford that huge house and now can't pay the bills are being put into foreclosure, well now that is racist!

Change indeed!

Screw those of use who actually are responsible and pay our bills. We now have to bailout the scum who want MORE handouts.

This country gets worse every day.

link....?

Anon

Kenny Olav wrote:

JB811 wrote:

They say to those who bit off more than they could chew to revolt and protest foreclosures. So since these people were too stupid to know they couldn't afford that huge house and now can't pay the bills are being put into foreclosure, well now that is racist!

Change indeed!

Screw those of use who actually are responsible and pay our bills. We now have to bailout the scum who want MORE handouts.

This country gets worse every day.

but do you think it should be legal for creditors to take advantages of peoples' ignorance?

I doubt any of them had guns held to their heads to sign. If they can afford a house they can afford the $400 for an attorney, if not then they shouldn't buy. I give them no sympathy.

Anon

inmytree wrote:

JB811 wrote:

They say to those who bit off more than they could chew to revolt and protest foreclosures. So since these people were too stupid to know they couldn't afford that huge house and now can't pay the bills are being put into foreclosure, well now that is racist!

Change indeed!

Screw those of use who actually are responsible and pay our bills. We now have to bailout the scum who want MORE handouts.

This country gets worse every day.

link....?

http://www.chron.com/disp/story.mpl/hea ... 68175.html

blackredyellow

soulsinging wrote:

Kenny Olav wrote:

JB811 wrote:

They say to those who bit off more than they could chew to revolt and protest foreclosures. So since these people were too stupid to know they couldn't afford that huge house and now can't pay the bills are being put into foreclosure, well now that is racist!

Change indeed!

Screw those of use who actually are responsible and pay our bills. We now have to bailout the scum who want MORE handouts.

This country gets worse every day.

but do you think it should be legal for creditors to take advantages of peoples' ignorance?

Exactly. Nobody seems to ponder this... it's just that the people who took the loans are irresponsible... like we expect everyone to be experts in high finances just to buy a house. I'll literally eat shit if even half the people claiming this crap have read every single word of every contract they ever signed... every lease, every page of ever purchase, all the fine print on their credit card, all the terms and conditions on their phone contract... I guarantee most of them have called a phone company to bitch about how unreasonable the consequences of their phone use were and how unfair it is.

I still don't agree with this argument when it comes to buying a house... You're right, no on reads all of the fine print on a credit card or whatever, but when buying a house, if you don't read the whole thing (or pay a lawyer to) then that's the buyer's fault. No one is forcing you to buy a house, do a little research before you do.

I read every single page of every agreement that I signed for our mortgage/house, and while not being a finance expert, it was in pretty clear terms what the interest rate was and the terms of that. And for a few hundred bucks we payed a lawyer to double checked everything as well and answer some questions.

I feel for people who lose jobs or have some sort of healthcare issue which wipes out their money, but for the people making $30,000 a year who bough a $250k house because the interest only payments were affordable or banking on the house to increase in value so they could sell for a profit, I don't have much sympathy for them.