Comments on: Waking up to a CNBC nightmare…the Hillary interview dissected

by: Margo Bright

Mon, 24 Mar 2008 11:30:05 +0000

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by: Canadian Homeowner

Sat, 09 Feb 2008 13:48:52 +0000

If your Politicians want to legislate their way out of this mess, why don’t they legislate a retro-active increase in the capital gains tax and hammer all the flippers who have walked off with the cash that has caused this problem?

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Fri, 01 Feb 2008 07:15:04 +0000

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Thu, 17 Jan 2008 07:30:34 +0000

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Mon, 26 Nov 2007 22:17:47 +0000

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by: A Herring

Sat, 15 Sep 2007 15:18:31 +0000

Politicians don’t care if people lose their homes and families find themselves living in homeless shelters. If they did they would be talking about using the money to fund public housing. This talk about bailing people out of their debts is all about rescuing the banks and hedge funds that bought the loans (MBSs, CDOs etc.).

by: furious

Mon, 03 Sep 2007 19:35:02 +0000

No politician (and anyone connected to him) who wants to use my tax money for this bailout is ever getting mine and my family’s vote as long as we live. I am furious. NO BAILOUT.

by: Doreen Campbell

Thu, 23 Aug 2007 05:59:31 +0000

Check out this petition, I found it on an appraisers’ forum:

http://www.petitiononline.com/bailout/petition.html

by: Lou Minatti

Wed, 22 Aug 2007 04:24:39 +0000

“Hey is big Ben (Jones) hatin’ on you? He keeps on taking down your links. I’ve seen him do this to CrispyCole as well.”

I noticed this too. There was a link to AFB and Ben took it down. Not sure why… it’s topical, and based on the comments SoCal’s blog is popular.

Oh well, these things frequently happen once they are brought to the mainstream.

by: Billy

Tue, 21 Aug 2007 03:42:04 +0000

I worked part time for my friend who owned a morgage shop back in 04. Do you know why I didn’t make any money? Because I was HONEST. The AE’s who made 200K per year were the ones who would tell a potential borrower what they wanted to hear. When I would tell the truth, the potential borrower was like ….”See ya! I have 3 other loan agents willing to do a much lower rate”. I would try to warn them and tell the truth, but they rarely listened. After 6 months I quit.

I am getting so pissed off with any talk about bailing these people out. Sure the loan agents were scum liars. But the borrower’s were at fault too. They were GREEDY. PERIOD. They did not want to educate themselves because they wanted to believe the liar loan agents who told them what they wanted to hear which was “you don’t want a fixed rate, you want the low introductory rate then you just refinance out of it with me in 2 years. That way you will be on top when your property is up 40 percent!”. Do you know what a loan agent made on an option loan? about $15K on a 400K option arm loan. Most of these guys barely had a high school degree.

There should be NO talk of bailing anyone out of this. It was greed on both sides. They all get what they deserve. The loan agent is now working at McDonalds and bankrupt from all his trips to Vegas. And the “homeowner” is bankrupt and out on the street where they should be for taking part in running this whole thing up so that responsible people like me could not afford to purchase a home.