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Yes we will take taxpayer money, but we don't want to modify their loans...

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  1. 05-21-2009, 02:00 PM #1
    Dale Mabry
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    Yes we will take taxpayer money, but we don't want to modify their loans...

    Foreclosures stymie efforts to revive economy - Eye on the Economy- msnbc.com


    Absolutely ridiculous. Homeowners can't pay, banks unwilling to budge.
    If sense were common, everyone would have it.

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  3. 05-21-2009, 02:16 PM #2
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    Why should a judge decide to redo a loan on people that don't pay? The ones that do pay will be left paying that bill. Not right IMO.






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  4. 05-21-2009, 02:22 PM #3
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    Quote Originally Posted by IronAddict View Post
    Shiite's all messed up man, we're all trapped in a bizzaro world.
    NO...It's just called America now, not bizzaro world.
    You've never lived untill you've almost died, life has an excitement that the protected will never know.
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  6. 05-21-2009, 02:30 PM #5
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    Quote Originally Posted by QuestionGuy View Post
    NO...It's just called America now, not bizzaro world.
    'tis true
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  7. 05-21-2009, 03:01 PM #6
    min0 lee
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    Quote Originally Posted by dg806 View Post
    Why should a judge decide to redo a loan on people that don't pay? The ones that do pay will be left paying that bill. Not right IMO.

    Wasn't that part of the bailout deal though?
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  8. 05-21-2009, 03:16 PM #7
    Dale Mabry
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    Quote Originally Posted by dg806 View Post
    Why should a judge decide to redo a loan on people that don't pay? The ones that do pay will be left paying that bill. Not right IMO.
    How will anyone else pay? The cost would be the same, it's just the term of the loan would be modified, if I am correct. So, instead of paying over 30 yrs they pay over 35 or whatever. I don't see how someone else would foot the bill anyway, they are getting bailout money regardless, this would just require them to participate in loan modification. If anything, not modifying them is just going to make problems worse, I guarantee. It's simple enough to file for bankruptcy, and in that instance, the banks are fucked 10x worse. This is coming from someone who thinks it is both the banks and the idiots who took out the loans fault. The only reason they don't want to modify these loans is because the gov't is giving handouts, so they don't need to.
    If sense were common, everyone would have it.

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  9. 05-21-2009, 03:36 PM #8
    KelJu
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    Quote Originally Posted by dg806 View Post
    Why should a judge decide to redo a loan on people that don't pay? The ones that do pay will be left paying that bill. Not right IMO.
    Its not a matter of them not paying, its a matter of restructuring their loan so they can pay. This isn't some fuck free handouts type shit we are talking about.
    “I used to do drugs. I still do drugs. But I used to, too.”
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  10. 05-21-2009, 04:43 PM #9
    bio-chem
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    +1 for the 2 posts above this
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