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Article #1999Re: Teach the jew Bankers a Lesson.
From: dank
Date: Wed, 07 May 2008 17:23
Date: Wed, 07 May 2008 17:23
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Borked Pseudo Mailed wrote... > What's a borrower to do? If your loan balance exceeds your > home's value, stop paying your mortgage immediately. > > Remember, in the Bernanke/Pelosi/McCain world, the > responsible get screwed, and the reckless get rewarded. The responsible don't take out loans they can't afford to repay. If the person taking out a 30-year mortgage intends to pay it off, then short-term market fluctuations shouldn't be a problem because he intends to live in the house for years instead of trying to turn a profit today. People who buy property to resell at a profit are speculators and deserve to lose their money because they knew the risks. > If you stop paying your mortgage, your bank will either > voluntary renegotiate the terms, or Congress will force > them to do it. If you keep paying on an underwater house, > you're just throwing good money after bad. You want them to renegotiate the terms so your Burger King paycheck covers a $200,000 mortgage. While it is true that bank officials were negligent for lending you so much money, the fact is that you hadn't been declared legally incompetent and as an adult the contract you signed is binding. That you are illiterate or just too lazy to read the contract is not an excuse for not paying your debts.
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X-Google-Thread: fd5f7,afade7d687af906e X-Google-Thread: 108437,afade7d687af906e X-Google-Thread: f824f,afade7d687af906e X-Google-Thread: ffe14,afade7d687af906e X-Google-Attributes: gidfd5f7,gid108437,gidf824f,gidffe14,domainid0,public,usenet X-Google-Language: ENGLISH,ASCII-7-bit Path: arc1-ca.pugleaf.net!g2news2.google.com!news1.google.com!newshub.sdsu.edu!newscon04.news.prodigy.net!prodigy.net!newsdst01.news.prodigy.net!prodigy.com!postmaster.news.prodigy.com!flpi148.ffdc.sbc.com.POSTED!7a307fb5!not-for-mail From: dank <dank@nugget.org> Organization: World Tour User-Agent: Mozilla Thunderbird 1.0.7 (Windows/20050923) X-Accept-Language: en-us, en MIME-Version: 1.0 Newsgroups: sci.econ,soc.culture.jewish,ba.general,alt.activism Subject: Re: Teach the jew Bankers a Lesson. References: <6b7c2ab043b9bffbdf388d7be6159f97@pseudo.borked.net> In-Reply-To: <6b7c2ab043b9bffbdf388d7be6159f97@pseudo.borked.net> Content-Type: text/plain; charset=ISO-8859-1; format=flowed Content-Transfer-Encoding: 7bit Lines: 30 Message-ID: <ZzlUj.1960$ah4.188@flpi148.ffdc.sbc.com> NNTP-Posting-Host: 24.5.231.177 X-Complaints-To: abuse@prodigy.net X-Trace: flpi148.ffdc.sbc.com 1210180985 ST000 24.5.231.177 (Wed, 07 May 2008 13:23:05 EDT) NNTP-Posting-Date: Wed, 07 May 2008 13:23:05 EDT X-UserInfo1: [[PAPDCA[S@GB^\Y\JJPN]MJCHT@QDDMEPWXODMMHXMTWA]EPMS[AACY@TZZXQ[KS^ESKCJLOF_J_NGAWNTG^_XGTNTAHULK[X[NRTC@G\P^PLT_OCBRHUO@@TBQZDZMHD[YZ@NLXQXIWMOSXT_KOLK^^CXFF\WHMI^C@EGA_[FXAQ@E^TGNMUXGYNS[QQVL Date: Wed, 07 May 2008 10:23:05 -0700