October 15, 2009 –
The adjustable rate mortgage should be a thing of history for the average home buyer. Even though they still ask if you want one today when buying a house. This type of loan is far more risk than the average person even understands and for that reason alone should be placed in a business class of loans or given with circumstances. [more]
October 09, 2009 –
I beg you Obama to please remove the government from the banking industry. I realize you are acting for the safety of the American investor but you are really not helping. The banks have proven themselves well equipped to handle any form of regulations you may try to tie them down with. It was people making bad decisions in their lives that placed the banks in such distress. I realize by selling all the government owned shares would cause a drop in stock price but that’s ok. Please do not repeat the mistakes of the past with worthless regulations that will only last as long as your presidency. Allow the system to work free of government manipulation. People taking bad loans put us in this mess; the banks did what banks do. They make money by packaging different types of investments that IF the borrower paid would still to this day be making money. Is it every tax payer’s problem that Billy thought he would get rich off his house in three years so he took an adjustable mortgage? I only see a few people at fault starting with the BUYER and then the idiot realtor and loan officers for giving loans to every walking talking sucker that walked or crawled into the office. Oh no it’s the banks, the idiots teamed up to sucker everybody they could into a loan and sent it up to the banks. Maybe if they cared a little more about doing a respectable job we wouldn’t be in this mess. The best part is almost all of them are still at it just waiting for the chance to do it again. Poor Billy, I guess when you don’t have a job, no saving and no plan is the best time to buy a house and make a fortune. You F%#$@!$ idiots just screwed over a country and managed to pin it on the banks. This problem didn’t start with the banks; it started with a dumb person trying to make a fortune, doing no research, and one hell of a crooked loan officer. Well being most realtors and loan officers teamed up for this one I place the blame on them. I also save a little for the banks being they should have investigated it a little more. Oh wait; IT’S A BANK NOT AN INVESTIGATION AGENCY. Joe blow screwed us on this one and don’t let them pass the buck. [more]
October 03, 2009 –
It could probably be shown by facts and figures that there is no distinctly native criminal class except Congress.
Mark Twain
September 23, 2009 –
Ok, so if Obama is about to dump a bunch of cash into roads and bridges would a person be crazy not to buy a few shares?
September 09, 2009 –
Dear AL
I think we can all say you have done more than enough service to your country. STOP HELPING AND ENJOY THE LIFE YOU HAVE LEFT. I don't think many can live through anymore help from you. GO AWAY
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