I owe double what my home is worth, but I went with a reputable local bank as opposed to the mega-cheat banks. I suppose that means, once again, I (whitey) am being cheated out of my Uncle Bama Bucks.
0bama's "core constituents" will get another handout, and those of us who pay our bills, including our mortgages, and pay taxes will get the shaft.
It means that you can get a loan mod direct from your neighbor’s pension fund. THAT is what the AG Settlement means to you. This is from Zero Hedge:
If you do this, you are contributing to a Marxist wealth distribution by Obama and ELECTED attorney generals.
So, basically, what it means to me and my wife is... ...higher taxes.
The article contains an imbedded video featuring Eric ‘my people’ Holder with the caption, “Criminal prosecution still an option”.
Thought that was fitting, somehow...
STrange.
How can a “settlement” divert funds to special interests that just happen to be Obama backers?
It means those who need help won’t get it, those who get it will be punished for taking it and in the end the money will be gone with no one being better off except a few friends of friends.
This sucks. I know people who simply stopped paying their mortgages and started sticking the money in the bank, figuring they’d lose their homes anyhow. Now we are going to REWARD all of these LOSERS. It’s called a C-O-N-T-R-A-C-T, ya morons.
It seems that no matter what the topic, those of us who are responsible get to pay for those who aren’t, while they get break after break that they don’t deserve.
It means for honest, taxpayers who are up to date on their bills, that they will now pay higher bank fees and the federal debt they carry on their backs and on the backs of future generations will be bigger and more burdensome.
For the mortgage deadbeats, it means another reason to vote for Obama as he promises them even more freebies.
A Freeper posted a link to an ACORN brochure, called “To Each Their Home”, or some such rot. In the text, ACORN took credit for helping people get “un-traditional” mortgages based on unemployment, public assistance, Social Security and food stamp “income”.
But, Bath-House Barry would have us think bankers were the evil ones.
Idiots.
this plan is even more pathetic than cash for clunkers