RSSWhat Has Happened to America … “Are You an Idiot to Keep Paying Your Mortgage?”
America was built on the hard work, perseverance and responsibilty of generations and generations of people. Individuals faced tough times and the road bumps of life and over came life’s issues, trials and tribulations because they were responsible and wanted to succeed. There use to be a time when taking the easy way and especially fradulent way out was looked down upon.
Today, can that still be said to be true. In the, as News Busters calls it the “You have got to be Kidding Me” moment and as we just like to say WTF … the San Francisco Chronicle actly had an artice advocating for people to stop making payments on their mortgage so that they would qualify for the government bail out package. Some how if one buts too much house and one they cannot afford they are supposed to be bailed out and put and even heavier burden on tax payers and responsible home owners who pay their mortgage. Unreal.
From the San Francisco Chronicle: ‘Are you an idiot to keep paying your mortgage’?
Should you keep paying your mortgage?
If you have significant equity in your home, absolutely.
If you don’t, it’s getting harder to answer that question, especially when our government keeps giving people who owe more than their homes are worth so many reasons not to pay.
Last week, the government announced a program that will substantially lower payments for many homeowners who have little or no equity, but only if they are at least 90 days delinquent.
Here is how one qualifies for this program that will be abused just like ever other government hand out or entitlement. Go to NewsBusters and read more on the ridiculousness of the plan and the program that is destine for abuse.
Tentative Agreement Reached on Treasury’s $700 billion Rescue Plan … Deal or No Deal?
According to the Politico, a tentative agreement has been reached in the $700 billion Treasury bail out plan. Congressional negotiators “made great progress” toward reaching a deal on the bail out plan. Isn’t it unfortunate that it takes the specter of the complete crash of the US financial markets before Congress actually sits down and does the work of the people rather than playing partisan politics?
click on pic to watch and learn
House Financial Services Chairman Barney Frank, D-Mass., center, and House Speaker Nancy Pelosi, D-Calif., left. (Why does the bail out repulse Americans? Because the very people who are praising a deal is made are the very people who sat by and denied their was a crisis.)
From the initial failed deal put forth, it appears that Democrats have made some concessions and House Republicans won a major victory, “persuading negotiators to include a provision that would require the Treasury Department to create a federal insurance program that would guarantee banks and other firms against loss from any troubled asset.”
House and Senate negotiators have reached tentative agreement on Treasury’s $700 billion rescue plan for the financial markets after a marathon Capitol negotiating session that started Saturday afternoon and stretched into early Sunday morning.
House Speaker Nancy Pelosi (D-Calif.) and Senate Majority Leader Harry Reid (D-Nev.) said the deal still had to be “committed to paper,” a process that will continue throughout the night, with an eye toward a formal announcement Sunday.
“We have something verbal,” said Rep. Rahm Emanuel (D-Ill.).
Republican Whip Roy Blunt (R-Mo.), the chief negotiator for the House GOP, said he was “looking forward to what we’re going to see on paper” but said he was optimistic that it would be something House Republicans could support.
From The Weekly Standard, Deal is Reached. Is ACORN Out? It appears that there are some changes
Posted September 28, 2008 by Scared Monkeys Corruption, Economy, Government, Politics, Presidential Election 2008, Real Estate | 25 comments |
Americans Selling Second Homes in Aruba … Morgage Crisis in US Hits Aruba
The mortgage and financial credit problems in the United Sates have seem to had an effect on real estate in Aruba. Americans are selling their second homes in Aruba. I guess the saying is true, ever cloud does have a silver lining.
ORANJESTAD – Amongst Americans it’s almost impossible to find buyers for a house on Aruba due to the financial credit crisis in their country. Those who already have a house on Aruba, more often want to get rid of it. Several well-known real estate agents have noticed this since the real estate bubble burst mid last year in the US. (Amigoe: 7/24/2008)
Bad Timing for Barack Obama … Tony Rezko Trial Starts … Change? Looks Like Political Business As Usual
The Obama momentum may be coming to a quick end …
The timing of the start of the Tony Rezco felony trial, a once a top fund-raiser for Sen. Barack Obama, could not be any worse for the Democratic candidate of “Change and Hope”. After months and months of the media asking little no no tough questions of Barack Obama, no gloves may be ready to come off. Prompted by the Clinton campaign, Barack Obama is about to get a lesson in what it means to be vetted. Obama’s Rezko ties hardly seem like a political change … looks to be political business as usual.
In politics, perception is everything … Barack best answers the questions.
Sen. Obama hasn’t been accused of any wrongdoing in the case. But in recent days, the campaign of Sen. Hillary Clinton, his rival for the Democratic presidential nomination, has leveraged the opening of the trial to spotlight Sen. Obama’s ties to Mr. Rezko.
Sen. Obama has acknowledged his ties to Mr. Rezko. During a news conference Monday, he rejected the idea that “we have been trying to hide the bone on this.”
Rezko In Debt $50 Million; How Did He Afford Obama Lot?
Accused Illinois fixer Antoin “Tony” Rezko is in debt by $50 million and relies on “family” handouts of $7,500 a month to pay monthly costs, according to a previously sealed court transcript reviewed by ABC News.
Posted March 6, 2008 by Scared Monkeys Corruption, Hillary Clinton, Politics, Presidential Election 2008, Real Estate | 14 comments |
Woodstock For Sale … Sex, drugs and Rock n’ Roll for Sale for $8 Million
For just $8 million, you too can be the proud owner of a piece of “free love” Americana.
The famous or infamous farm in Bethel, NY farm that drew some 400,000 fans in 1969 for three days of sex, drugs and rock n’ roll is up for sale. Although if you ask people today if they went to Woodstock, the numbers that say yes swell to over a million.
(Woodstock Today)
Up for sale is the2,000-square-foot house that belonged to dairy farmer Max Yasgur, along with a larger farmhouse, a barn and 103 bucolic acres about 80 miles north of New York City.
(Woodstock of yesteryear)
Included are a gourmet kitchen with stainless steel appliances, double convection ovens, Viking stove, antique soapstone sink, 22-foot vaulted ceilings and expansive views of the Pocono Mountains. There’s also a double whirlpool tub, steam shower and bidet.
There must be some baby-boomer sell out one time hippie out their driving a Beamer and now owning their own multi- million dollar business who would like to own “Woodstock” strictly for the nostalgia. The house on the farm where Woodstock took place has a bidet? Why does that just seem so wrong?
