Gonzalo Lira On The Coming Middle-Class Anarchy

zerohedge ^ | 10/09/2010 | Gonzalo Lira

[dennisw]

From the ZERO HEDGE website....thanks zero hedge!!

[Lurker]

It’s a very bad idea to strip motivated, capable people of their dignity and then rub their noses in it.

[Lurker]

FYI

[Eyes Unclouded]

In my 20s, not married, and I rent.

Wow. Thanks everyone way to totally mess up the country before you hand it over to my generation.

Good thing I’m armed.

[creeping death]

Middle class revolt bump.

[wally_bert]

That is one big way liberals justify their existence.

[DuncanWaring]

Where’ve I seen that line before? Unintended Consequences?

[Bean Counter]

I’m going to go drink heavily now, and see if I can say anything civil about this one...

Is there anyone else reporting on this that backs these allegations up? If it can be proven that Fannie Mae Execs were bonused on HAMP trials...

[null and void]

ping

[wtc911]

My wife and I drove out on the island this morning to do our quarterly check on rental properties we have. We were listening to Kudlow on WABC (our usual Saturday morning fare). We had an absurd (because we had it) conversation about defaulting on the one mortgage we have left. Neither of us has missed a payment on anything (our scores are well over 800) and we like to pay our own way.

But, this thought came up...if the feds bail-out the banks because the title and mortgage holder issues create a scenario where folks who do not have to do so default then where will the feds get the money? From us of course, so if we are paying for all those defaults then why should we continue to pay ours as well?

[Bernard]

And this is all about the breakdown of the Honor System; you pay your bills, you pay your taxes, you don’t cheat at little things or big things. Now, we all run the risk of acting like Clintons or Kennedys.

[Paladin2]

Zer0 set the tone by stiffing the Auto bondholders. I now set the rules with which I deal with Zer0 bailout banks like BoA. If they don’t like it, go cry to Zer0.

[Freddd]

In my 20s, not married, and I rent.

Wow. Thanks everyone way to totally mess up the country before you hand it over to my generation.

Good thing I’m armed

---

Did Mommy and Daddy pay their mortgage? Because they sure didn’t teach you manners.

[Spktyr]

Looks like middle America is thinking going Galt is a better and better idea...

[Colvin]

So your in your 20’s and you rent.
I don't know where you live, but when I was 25 I bought my first house in Portland Oregon for 35k. Portland was on the skids, hard hit be a recession and new government regulation. My payments at 7 percent were $320 a month, and property was at its lowest value in years.
6 years later I sold it for $100,000.
There are some real good Real estate deals out there now, and interest is insanely low.
Consider NOT being a renter.

[silverleaf]

I’m with Ilsa

If they want to know if the bank is paying attention- just stop making payments. Or make their payments into an escrow account.

[arkady_renko]

X

[combat_boots]

“It’s a very bad idea to strip motivated, capable people of their dignity and then rub their noses in it.”

Yes. It is.

There are enough monkey wrenches in the gears of the US economic machine that I am wondering if we will just seize up. Frankly, I think that’s the plan.

[Jabba the Nutt]

Yesterday, I watched a YouTube video "The angry rightwing housewife". She went to the SEIU offices in Phoenix with a bullhorn and demanded they stop their boycott of Arizona. A SEIU thug comes out and demands that they stand back off the sidewalk. His immortal line "Hey, let's respect the law."

What a joke! That's been the danger all along, with the government treating the Constitution and the Law like toilet paper. Having judges overturn Prop. 8 and other sane laws.

When the government doesn't obey the law, why should anyone else? Here's another aspect of that, the Obama Administration is working feverishly towards 'racial justice'. What they are doing is convincing white Americans that the Civil Rights movement was a hustle. It was a way to discriminate against whites.

This is the job of the GOP to turn this all around and actually communicate. We're doomed.