D41d8cd98f00b204e9800998ecf8427e

http://www.offthechartsblog.org/shared-prosperity-lost/ Here's the proof that trickle-down, GOP economics works... for the rich. Keep supporting those ultra-rich R's that keep funneling your lost salaries to bankers and CEOs. ---- GetAClue

[132513] @ about 7 years ago

Comments (70)

D41d8cd98f00b204e9800998ecf8427e

They jacked up your mortgages, too, btw. You now have no way to know who owns the note on your house. ---- GetAClue

[132513] @ about 7 years ago

Troy, MI 48098, USA

D41d8cd98f00b204e9800998ecf8427e

what does "jacked up your mortgages" even mean?? --Proud Latin Conservative!

[245069] @ about 7 years ago

New York, NY 10039, USA

D41d8cd98f00b204e9800998ecf8427e

@Proud Latin, I was going to ask the same thing! --Pure Conservative

[412916] @ about 7 years ago

Caln, PA, USA

C767f03aeb282b9660d8157840047228

IMO, "jacked"= stolen, "jacked up"=raising, with false pretenses implied. I think the op misspoke. Would that be a first???? --Dr. Evil

Dr. Evil @ about 7 years ago

Lakeland, MN, USA

D41d8cd98f00b204e9800998ecf8427e

so they stole our mortgages? or raised our mortgages? neither makes much sense. it seems the op doesn't have a freaking clue as to what hes talking about. who owns the note on my house? the people i write a check to every month? WHAT?????

[245069] @ about 7 years ago

D41d8cd98f00b204e9800998ecf8427e

My mortgage is doing just fine thank you. Of course I wouldn't mind some Obama money to help me pay it, but that only goes to those that took out loans they couldn't afford. ----VoterMap Addict

[405783] @ about 7 years ago

Norton, OH, USA

C767f03aeb282b9660d8157840047228

OP, I think the mortgage shuffle was only indirectly the result of govt, in that deregulation allowed lenders to start playing fast & loose with bundling amd reselling mortgages etc. No one jacked your mortgage...but --Dr. Evil

Dr. Evil @ about 7 years ago

Lakeland, MN, USA

C767f03aeb282b9660d8157840047228

...over many rounds of buying and selling, sloppy practices led to lost paperwork. Now they cant prove they own the mortgages. Again, not a direct result of govt. --Dr. Evil

Dr. Evil @ about 7 years ago

Lakeland, MN, USA

D41d8cd98f00b204e9800998ecf8427e

Jackd~screwd, whtvr. The dereg. is the largest factor, allowed 'free market' greed to corrupt system, as it did 20yr ago w the S&L meltdown. This will knock down our econ. again, and it is going to be bad. ---- GetAClue

[132513] @ about 7 years ago

Rochester, MI 48307, USA

D41d8cd98f00b204e9800998ecf8427e

and all the loans made available ,through "bully tactic" style politics,to ppl who had no chance of affording them had no barring on the current economic problems? --lonely being right!

[234265] @ about 7 years ago

Bay Ridge & Fort Hamilton, Brooklyn, NY

D41d8cd98f00b204e9800998ecf8427e

fanny,Freddy....? --lonely being right!

[234265] @ about 7 years ago

Brooklyn, NY 11228, USA

D41d8cd98f00b204e9800998ecf8427e

self interested policies on both sides are what's the cause of this mess.that gave rise to the tea party. --lonely being right!

[234265] @ about 7 years ago

Brooklyn, NY 11228, USA

D41d8cd98f00b204e9800998ecf8427e

we need adults back in office.a conservatives style of governing is in order. --lonely being right!

[234265] @ about 7 years ago

Brooklyn, NY 11204, USA

D41d8cd98f00b204e9800998ecf8427e

A true consv. might be able to hold status quo, but a progressive would build economy , see chart. The corporatist R's and D's in ofc now will just legalze the continued looting of the Treas. ---- GetAClue

[132513] @ about 7 years ago

Troy, MI 48098, USA

D41d8cd98f00b204e9800998ecf8427e

FNMA and FMC were least leveraged into risky subprime, but forced to join in by bank-bought govt. reps.. Banks sold crap notes to homeownrs, then sold the crap packages to their cronies, betting on failure of mtg-holders. Classless. ---- GetAClue

[132513] @ about 7 years ago

Troy, MI 48098, USA

D41d8cd98f00b204e9800998ecf8427e

then dont buy a home you cant afford. dont prove them right. read what you sign. they only have the power we give them. thats why my mortgage is fine. i know who owns it. shame on you for being a fool. --Proud Latin Conservative!

[245069] @ about 7 years ago

New York, NY 10039, USA

D41d8cd98f00b204e9800998ecf8427e

lolz i guess u got me there, I dont have a mtg. lots of ppl *think* they know who owns their note, and they are wrong. good on u for being on top, screw everyone else, right? Good luck w all that. ---- GetAClue

[132513] @ about 7 years ago

Troy, MI 48098, USA

C767f03aeb282b9660d8157840047228

Exactly, Troy. Forces hidden from most of us control our lives - by design - in ways we dont even comprehend until it is too late. W was trying to tell us something when he said "fool me once, shame on...shame on you...fool me --Dr. Evil

Dr. Evil @ about 7 years ago

Minneapolis, MN 55402, USA

C767f03aeb282b9660d8157840047228

twice cant get fooled again!" --Dr. Evil

Dr. Evil @ about 7 years ago

Minneapolis, MN 55402, USA

D41d8cd98f00b204e9800998ecf8427e

so you dont have a mortgage but you KNOW about other people's mortgages? when you have a mortgage you know who to make out that check to. You are talking about subjects you know nothing of. get off the huffington post. --Proud Latin Conservative!

[245069] @ about 7 years ago

SoHo, New York, NY

D41d8cd98f00b204e9800998ecf8427e

I'm betting the poster has difficulty discerning his butt from a hole in the ground ----VoterMap Addict

[405783] @ about 7 years ago

Norton, OH, USA

D41d8cd98f00b204e9800998ecf8427e

Interest rate hikes on people with adjustable rate mortgages with banks freezing refinancing, screwed us. People got stuck paying 1.5x their original mortgage payment. That's $1000 more a month on someone with a $2000 original mortgage. --2b

[192508] @ about 7 years ago

Southfield, MI 48034, USA

D41d8cd98f00b204e9800998ecf8427e

That's many people with $1000 less to spend in the economy. The demand part of the economy took a huge hit when interest rates went up. Some people could only get adjustable rate loans. That's how the Fed jacked up mortgages. --2b

[192508] @ about 7 years ago

Southfield, MI 48034, USA

D41d8cd98f00b204e9800998ecf8427e

anyone who got an ARM got what they signed up for. What do you not understand about ADJUSTABLE? the feds didnt jack anything. you jacked yourself --Proud Latin Conservative!

[245069] @ about 7 years ago

Tuxedo Park, NY 10987, USA

D41d8cd98f00b204e9800998ecf8427e

Banks pre approved for 5 year arms & then switched to an adjustable rate mortgage at the last minute during closing saying credit score would only allow adjustable & most people went along with it taking what they could get & they got stuck. --2b

[192508] @ about 7 years ago

Southfield, MI 48034, USA

D41d8cd98f00b204e9800998ecf8427e

The Fed should know about the high amount of adjustable rate mortgages & still they raised rates. Instead of everyone who owns a home being lawyer to read & understand their mortgage, It makes more sense to regulate banksters. --2b

[192508] @ about 7 years ago

Southfield, MI 48034, USA

D41d8cd98f00b204e9800998ecf8427e

arm is an adjustable rate mortgage.

[245069] @ about 7 years ago

Greenwood Lake, NY, USA

D41d8cd98f00b204e9800998ecf8427e

it makes sense to look out for your own best interests. its not up to the govt to make up for individuals bad decisions.

[245069] @ about 7 years ago

Monroe, NY 10950, USA

D41d8cd98f00b204e9800998ecf8427e

It is, however, the role of government to enforce the law. Individuals were conned, swindled and defrauded. Are you suggesting that this is OK? It is OK for crooks to operate in the open?

[405062] @ about 7 years ago

Florence, NJ, USA

D41d8cd98f00b204e9800998ecf8427e

can you provide examples of widespread incidents of people being conned, swindled and defrauded? majority was pure stupidity. whether you want to admit it or not.

[245069] @ about 7 years ago

Monroe, NY 10950, USA

D41d8cd98f00b204e9800998ecf8427e

unless of course you have proof that paperwork was switched after signing. signing for an ARM then being shocked when your rates go up is not a swindle. its stupidity.

[245069] @ about 7 years ago

Monroe, NY 10950, USA

D41d8cd98f00b204e9800998ecf8427e

What? Are you suggesting that we be personally responsible for contracts that we sign? Insane you are. ----VoterMap Addict

[405783] @ about 7 years ago

Barberton, OH, USA

D41d8cd98f00b204e9800998ecf8427e

Mr Latin, I dont have a mtg *now*. In the past, I worked @a mtg co, in the ins. indust., @banks, and consulted on site at s&l's 20yr ago w $800m+ toxic assets that they had foreclosed on the last time the R's deregulated. ---- GetAClue

[132513] @ about 7 years ago

Troy, MI 48098, USA

D41d8cd98f00b204e9800998ecf8427e

the rampant fraud and malfeasance that has now been shoved down on mtgees and the title ins co's is a systemic risk to basic property ownership law. now, today, just b/c u cut a check to BofA, doesn't mean that they have ---- GetAClue

[132513] @ about 7 years ago

Troy, MI 48098, USA

D41d8cd98f00b204e9800998ecf8427e

possesssn of ur deed or can prove lgl ownership of ur note. You, sir, are woefully misinformed. I hope u r right, & ur stuff is straight. lucky u. Many r not, and many r alrdy wrongfully/illegally evicted. But who cares abt them, rite? ---- GetAClue

[132513] @ about 7 years ago

Troy, MI 48098, USA

D41d8cd98f00b204e9800998ecf8427e

it is not as complicated as you want it to be. illegal evictions do happen. always have. its not as widespread as you want to believe. the majority of the problems today boil down to the consumer. 30k a year cant buy you a 500k home. not if you want

[245069] @ about 7 years ago

Monroe, NY 10950, USA

D41d8cd98f00b204e9800998ecf8427e

to eat too. i dont care what anyone tells me, i will not sign any piece of paper that commits me to paying for a million $ home. i cant afford it. if someone signs a contract and makes a commitment they should be held to it. period.

[245069] @ about 7 years ago

Monroe, NY 10950, USA

D41d8cd98f00b204e9800998ecf8427e

i await examples. in the meantime i will give you a "sad" story printed in the newspaper. an elderly couple had their house paid off. the man passed and the lady took out a mortgage on the house to pay the funeral expenses. she then couldnt make the

[245069] @ about 7 years ago

Monroe, NY 10950, USA

D41d8cd98f00b204e9800998ecf8427e

payments and was going to lose her home of 40, 50 years. sad. should she lose her home?

[245069] @ about 7 years ago

Monroe, NY 10950, USA

D41d8cd98f00b204e9800998ecf8427e

w the black/white facts as you present them yes. Now, if the orig svcr sells the mtg to anothr bank, and runs the note thru MERS, and does not pass the orig deed and docs to the 2nd co... ---- GetAClue

[132513] @ about 7 years ago

D41d8cd98f00b204e9800998ecf8427e

who then hires a walmart greeter to faslely notarize 500 cases/day that say they have the orig ppwk to f/c and they *don't*, which is the widespread case now reported in courts across the country, then *no*, 2nd mtg co. is S.O.L. ---- GetAClue

[132513] @ about 7 years ago

D41d8cd98f00b204e9800998ecf8427e

what does all of have to do with where the rubber meets the road? what i left out was that her loan was for $100,000! to bury her husband. that was an example of a "victim" according to the press.

[245069] @ about 7 years ago

West Milford, NJ 07480, USA

C767f03aeb282b9660d8157840047228

Milford, u and the op are talking apples and oranges...2 different fact patterns. The op point is true: widespread fraud with paperwork by the banks indeed has occurred. Lack of regulation, pure and simple. --Dr. Evil

Dr. Evil @ about 7 years ago

Lakeland, MN, USA

D41d8cd98f00b204e9800998ecf8427e

where? any proof? or should we just take your word?

[245069] @ about 7 years ago

Paramus, NJ, USA

D41d8cd98f00b204e9800998ecf8427e

Dear Lord, Paramus. U must be joking. Try going to news.google.com and typing in 'foreclosure fraud'. It's a little more complicated than the typical "bewar teh socialismz" chain email. It might be in next month's Mad magazine, though. ---- GetAClue

[132513] @ about 7 years ago

Troy, MI 48098, USA

D41d8cd98f00b204e9800998ecf8427e

get a clue. get a clue. you have no clue what you're taking about. its a shame that ANYONE would waste time talking to you. when you see news you have to get past the headline and actually READ the stories. if you could. --Proud Latin Conservative!

[245069] @ about 7 years ago

New York, NY 10039, USA

D41d8cd98f00b204e9800998ecf8427e

DONT BUY A HOUSE YOU CANT AFFORD. THIS WAY YOU WONT HAVE TO WORRY ABOUT THE DIFFERENCE BETWEEN A LEGIT FORECLOSURE AND A SHADY FORECLOSURE. PAY YOUR BILLS. DONT DEPEND ON ME TO DO IT FOR YOU. THANK YOU HAVE A GREAT DAY! --Proud Latin Conservative!

[245069] @ about 7 years ago

New York, NY 10039, USA

D41d8cd98f00b204e9800998ecf8427e

Mr. Latin, what do you think your home value would be if these shady mtg servicers had not foisted these NINJA mtgs on the market? I'm betting that the # is > your home value today. Now, since the crooks that put these crap products ---- GetAClue

[132513] @ about 7 years ago

Troy, MI 48098, USA

D41d8cd98f00b204e9800998ecf8427e

out are (or will be) in jail or out of business, due to fraud, they stole from everyone's potential value, including yours, they increased the defecit by impacting our GDP, and they clouded title on a good chunk of the US, i.e. they ---- GetAClue

[132513] @ about 7 years ago

Troy, MI 48098, USA

D41d8cd98f00b204e9800998ecf8427e

i dont care what my home value is TODAY. im not selling. those who are selling have fallen victim to the ignorant who jumped in water way too deep. --Proud Latin Conservative!

[245069] @ about 7 years ago

New York, NY 10027, USA

D41d8cd98f00b204e9800998ecf8427e

took a dump in *our* nest. Even if the ChbrOfCommerc hadn't shipd 14mil jobs overseas in the last decade (see chart, again), they still devalued the very soil under our feet, and raised your tax burden. u have a narrow partisan view. ---- GetAClue

[132513] @ about 7 years ago

Troy, MI 48098, USA

D41d8cd98f00b204e9800998ecf8427e

but pls, keep insisting I dont know what I'm talkg abt, b/c it isn't all abt personal responsibility, it is abt corporate resp. to not introduce a systemic risk to our economy. it's why asbestos, a great insulator, is now outlawed. ---- GetAClue

[132513] @ about 7 years ago

Troy, MI 48098, USA

D41d8cd98f00b204e9800998ecf8427e

personal responsibility. try it one day. a wise man once told me DO WHAT YOU CAN AFFORD! --Proud Latin Conservative!

[245069] @ about 7 years ago

New York, NY 10027, USA

D41d8cd98f00b204e9800998ecf8427e

exactly. all those people w cancer & tb & mesothelioma from asbestos should have known that it caused cancer. plus, all those who drink frm strip mine runoff water get what they deserve for living nr polluters. shoulda read the fine prt ---- GetAClue

[132513] @ about 7 years ago

Rochester, MI 48307, USA

D41d8cd98f00b204e9800998ecf8427e

from mortgages (where peolle freely sign their name) to asbestos. nice. liberalism at its best. cant win at A switch to B. nice. you wont hear me defend asbestos. sorry. back to the irresponsible home buyers. --Proud Latin Conservative!

[245069] @ about 7 years ago

New York, NY 10026, USA

C767f03aeb282b9660d8157840047228

PLC you cant make such blanket statements accusing everyone of being a deadbeat in such a wretched economic cesspool as we are sunk in now. If you are out of work and cant pay ypur mortgage thats not a suck-it-up situation. --Dr. Evil

Dr. Evil @ about 7 years ago

Lakeland, MN, USA

D41d8cd98f00b204e9800998ecf8427e

no not everyone anything. but it has been a major factor un the state of the economy. in my opinion THE major factor. --Proud Latin Conservative!

[245069] @ about 7 years ago

New York, NY 10039, USA

D41d8cd98f00b204e9800998ecf8427e

*Thank you* for acknowledging that is your _opinion_. Using that logic, deadbeats are the reason 193 banks have failed this year?? No word yet from Fox on what these losers were doing ---- GetAClue

[132513] @ about 7 years ago

Rochester, MI 48307, USA

D41d8cd98f00b204e9800998ecf8427e

before the housing collapse to pay their bills, must have been invisible money trees. It couldnt have anything to do with outsourcing, or moving jobs to china, b/c all *those people* crossed the Pacific 2 go where the jobs are.. right? ---- GetAClue

[132513] @ about 7 years ago

Rochester, MI 48307, USA

D41d8cd98f00b204e9800998ecf8427e

-OR- If the shady mtg cos had followed reg's, and sold 30yr fixed or 15yr ARMs to low/med risk buyers, the prob would be smallr. In the 90s, 1000's of ppl tried to buy a house w/ inadequate income, and were rejected. *What changed?* ---- GetAClue

[132513] @ about 7 years ago

Rochester, MI 48307, USA

D41d8cd98f00b204e9800998ecf8427e

in the 90's, 1000's tried to buy a house w/ inadequate income and SUCCEEDED. tgerein lies the problem. this didnt start under bush and his "deregulation" this started way before bush. going back to the CRA in the 70's & exploited by an administration

[245069] @ about 7 years ago

Monroe, NY 10950, USA

D41d8cd98f00b204e9800998ecf8427e

who held the belief that homeownership is a "right" without taking into consideration whether you can afford it or not.

[245069] @ about 7 years ago

Monroe, NY 10950, USA

D41d8cd98f00b204e9800998ecf8427e

the clinton administration ia reported to have threatened lending organizations with eeo complaints if they didnt lend to more minorities. they did, saw that there was money to be made and totally exploited the process. the house of cards eventually

[245069] @ about 7 years ago

Monroe, NY 10950, USA

D41d8cd98f00b204e9800998ecf8427e

fell recently so its easy to yell "bush deregulations almost killed us". but is it true? are the banks blameless? for gods sake no! but a little self responsibility by a lot of people would have made things different. Adjustable Rate Mortgage means

[245069] @ about 7 years ago

Monroe, NY 10950, USA

D41d8cd98f00b204e9800998ecf8427e

just that. Adjustable Rate! the rate can be adjusted. by who and when and by how much would have been good questions to ask. to research. to look into.

[245069] @ about 7 years ago

Monroe, NY 10950, USA

D41d8cd98f00b204e9800998ecf8427e

for the most part these werent people who lost their jobsvto outsourcing. these were people who couldn't afford the house from the beginning. another sob story newspaper example was the airport employee making 27k buying a 450 or 550k house. really?

[245069] @ about 7 years ago

Monroe, NY 10950, USA

D41d8cd98f00b204e9800998ecf8427e

im sure the huffington post doesnt teach you reality so i will provide the truth free of charge. you're welcome.

[245069] @ about 7 years ago

Monroe, NY 10950, USA

C767f03aeb282b9660d8157840047228

Monroe is correct about the Clinton admin being responsible for the housing lender deregulation. I didnt agree with that. It was only half the problem, as always...deregulation is inevitably followed by those who figure out... --Dr. Evil

Dr. Evil @ about 7 years ago

Lakeland, MN, USA

C767f03aeb282b9660d8157840047228

...how to game the system to line their own pockets. And while many folks shoulda known better, it is also true that high pressure sales tactics and confusing paperwork were used to take advantage of folks. --Dr. Evil

Dr. Evil @ about 7 years ago

Lakeland, MN, USA

7ad281127bc26edce785c36e7ea6d8b8

amen troy!

-the thinker @ 15 days ago

Troy, MI, USA

Stats

  • Like
    8
  • Dislike
    3
  • Comment
    70

Location

Troy, MI 48098, USA