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First recorded activity by BoatBanter: Mar 2010
Posts: 16
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On Apr 29, 6:18*am, bpuharic wrote:
On Wed, 28 Apr 2010 19:22:17 -0700 (PDT), Mike
wrote:

On Apr 27, 7:11*pm, bpuharic wrote:
On Tue, 27 Apr 2010 17:41:42 -0400, John H
wrote:


no wonder the rich hate lawyers. they've prevented any protection for
the middle class...and they want to gut the last vestiges of any
protection at all


Would you please do us all a favor and get off your "the middle class
got screwed kick"?


I'm "middle class" but don't whine like a bitch, like 99% of you're
posts do. *Get over it, for Christ's sake.


ROFLMAO!! glenn beck cries rivers about the poor rich.

canucks and others here telll us how we MUST suck the cocks of the
rich because americans are REQUIRED to protect them and make them feel
good



*You* relied on the Wall Street pigs to "gamble" your money (401K
plan).


uh, no. me and 100,000,000 others did as we were told by the rich

-we worked hard
-we gave up our pensions to the rich
-we used the ONLY retirement vehicle open: 401k's

and we got screwed. all of use. the average drop in 401k's in the last
3 years was 35%

8,000,000 jobless. foreclosures at a record...

Maybe, just maybe, it's not always somebody else's fault. *Take a hard
look in the mirror.


more right wing bull****. blame the victim. it's NEVER the rich, you
see. THEY didn't invent CDO's. it's the fault of the middle class;
although, as conservative david frum pointed out, the middle class
hasnt had a pay increase in

TEN YEARS

so tell me...how is it the fault of the middle class?



Doesn't matter though; you're brainwashed. *Carry on with your ranting
and raving.


*You* got screwed. *We get it.


Good grief :)


yeah. the problem with the right is they deny there's a problem.
caused by the unregulated free market.

they have their delusions. i have the facts


As much as I can't stomach some of the sleezy losers on Wall Street,
including the banks that endorsed creative BS financial tools like
CDS's, do you honesty think we, as middle class, were not somewhat
responsible for the record foreclosures, as you've claimed?

I know people that were fully aware should not be trying to take out a
loan for a $450K+ house but did so anyway. Also know people that
purposely faked their true incomes to get the loans. And, many were
on a "home-flipping" spree and bragging about it during the housing
bubble. They knew what they were doing.

But, according to you, it wasn't their fault. They were the
"victims".

Give me a break.

*Many* were responsible for the housing bubble and subsequent crash.
Including us regular Joe's and Jane's. But also people like your
beloved Dems in Congress, namely The Honorable Congressman Barney
Frank.





  #2   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Apr 2010
Posts: 3,578
Default Lawyers...

"Mike" wrote in message
...
On Apr 29, 6:18 am, bpuharic wrote:
On Wed, 28 Apr 2010 19:22:17 -0700 (PDT), Mike
wrote:

On Apr 27, 7:11 pm, bpuharic wrote:
On Tue, 27 Apr 2010 17:41:42 -0400, John H
wrote:


no wonder the rich hate lawyers. they've prevented any protection for
the middle class...and they want to gut the last vestiges of any
protection at all


Would you please do us all a favor and get off your "the middle class
got screwed kick"?


I'm "middle class" but don't whine like a bitch, like 99% of you're
posts do. Get over it, for Christ's sake.


ROFLMAO!! glenn beck cries rivers about the poor rich.

canucks and others here telll us how we MUST suck the cocks of the
rich because americans are REQUIRED to protect them and make them feel
good



*You* relied on the Wall Street pigs to "gamble" your money (401K
plan).


uh, no. me and 100,000,000 others did as we were told by the rich

-we worked hard
-we gave up our pensions to the rich
-we used the ONLY retirement vehicle open: 401k's

and we got screwed. all of use. the average drop in 401k's in the last
3 years was 35%

8,000,000 jobless. foreclosures at a record...

Maybe, just maybe, it's not always somebody else's fault. Take a hard
look in the mirror.


more right wing bull****. blame the victim. it's NEVER the rich, you
see. THEY didn't invent CDO's. it's the fault of the middle class;
although, as conservative david frum pointed out, the middle class
hasnt had a pay increase in

TEN YEARS

so tell me...how is it the fault of the middle class?



Doesn't matter though; you're brainwashed. Carry on with your ranting
and raving.


*You* got screwed. We get it.


Good grief :)


yeah. the problem with the right is they deny there's a problem.
caused by the unregulated free market.

they have their delusions. i have the facts


As much as I can't stomach some of the sleezy losers on Wall Street,
including the banks that endorsed creative BS financial tools like
CDS's, do you honesty think we, as middle class, were not somewhat
responsible for the record foreclosures, as you've claimed?


Yes. I think many people over-extended themselves without really thinking
about it as much as they should. That doesn't absolve WS for lying and
cheating though.

I know people that were fully aware should not be trying to take out a
loan for a $450K+ house but did so anyway. Also know people that
purposely faked their true incomes to get the loans. And, many were
on a "home-flipping" spree and bragging about it during the housing
bubble. They knew what they were doing.


I know people who were leveraged up to the Empire State's roof line. One
couple bought 20 houses across the country. They're now bust. They didn't
fake income, however.

If you knew people that faked income or committed some other kind of fraud,
did you turn them in? Probably not, so you can't be blameless either.

But, according to you, it wasn't their fault. They were the "victims".

Give me a break.

*Many* were responsible for the housing bubble and subsequent crash.
Including us regular Joe's and Jane's. But also people like your
beloved Dems in Congress, namely The Honorable Congressman Barney
Frank.


Yes, there's blame to go around. I think we get your point. Now, as to
solutions... WS needs regulation. Banks need regulation, but your beloved
Republicans were blocking (up until yesterday) even debate on what should be
done. Instead they wanted "backroom" deals first.


  #3   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Mar 2010
Posts: 16
Default Lawyers...

On Apr 29, 12:01*pm, "nom=de=plume" wrote:
"Mike" wrote in message

...
On Apr 29, 6:18 am, bpuharic wrote:



On Wed, 28 Apr 2010 19:22:17 -0700 (PDT), Mike
wrote:


On Apr 27, 7:11 pm, bpuharic wrote:
On Tue, 27 Apr 2010 17:41:42 -0400, John H
wrote:


no wonder the rich hate lawyers. they've prevented any protection for
the middle class...and they want to gut the last vestiges of any
protection at all


Would you please do us all a favor and get off your "the middle class
got screwed kick"?


I'm "middle class" but don't whine like a bitch, like 99% of you're
posts do. Get over it, for Christ's sake.


ROFLMAO!! glenn beck cries rivers about the poor rich.


canucks and others here telll us how we MUST suck the cocks of the
rich because americans are REQUIRED to protect them and make them feel
good


*You* relied on the Wall Street pigs to "gamble" your money (401K
plan).


uh, no. me and 100,000,000 others did as we were told by the rich


-we worked hard
-we gave up our pensions to the rich
-we used the ONLY retirement vehicle open: 401k's


and we got screwed. all of use. the average drop in 401k's in the last
3 years was 35%


8,000,000 jobless. foreclosures at a record...


Maybe, just maybe, it's not always somebody else's fault. Take a hard
look in the mirror.


more right wing bull****. blame the victim. it's NEVER the rich, you
see. THEY didn't invent CDO's. it's the fault of the middle class;
although, as conservative david frum pointed out, the middle class
hasnt had a pay increase in


TEN YEARS


so tell me...how is it the fault of the middle class?


Doesn't matter though; you're brainwashed. Carry on with your ranting
and raving.


*You* got screwed. We get it.


Good grief :)


yeah. the problem with the right is they deny there's a problem.
caused by the unregulated free market.


they have their delusions. i have the facts
As much as I can't stomach some of the sleezy losers on Wall Street,
including the banks that endorsed creative BS financial tools like
CDS's, do you honesty think we, as middle class, were not somewhat
responsible for the record foreclosures, as you've claimed?


Yes. I think many people over-extended themselves without really thinking
about it as much as they should. That doesn't absolve WS for lying and
cheating though.

I know people that were fully aware should not be trying to take out a
loan for a $450K+ house but did so anyway. *Also know people that
purposely faked their true incomes to get the loans. *And, many were
on a "home-flipping" spree and bragging about it during the housing
bubble. *They knew what they were doing.


I know people who were leveraged up to the Empire State's roof line. One
couple bought 20 houses across the country. They're now bust. They didn't
fake income, however.

If you knew people that faked income or committed some other kind of fraud,
did you turn them in? Probably not, so you can't be blameless either.

But, according to you, it wasn't their fault. *They were the "victims"..


Give me a break.


*Many* were responsible for the housing bubble and subsequent crash.
Including us regular Joe's and Jane's. *But also people like your
beloved Dems in Congress, namely The Honorable Congressman Barney
Frank.


Yes, there's blame to go around. I think we get your point. Now, as to
solutions... WS needs regulation. Banks need regulation, but your beloved
Republicans were blocking (up until yesterday) even debate on what should be
done. Instead they wanted "backroom" deals first.


I haven't followed all the recent political crap of late, but can
offer this:

Isn't it already being regulated without the Government's formal
intervention in the form of reform?

One can have a firm, fixed income in the 6-figure range, a reasonable
income to debt ratio, a 750 credit score and *still* can't get a loan.

Those that do obtain loans have to go through a colonoscopy to get
one.

Mike
  #4   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Apr 2010
Posts: 3,578
Default Lawyers...

"Mike" wrote in message
...
On Apr 29, 12:01 pm, "nom=de=plume" wrote:
"Mike" wrote in message

...
On Apr 29, 6:18 am, bpuharic wrote:



On Wed, 28 Apr 2010 19:22:17 -0700 (PDT), Mike
wrote:


On Apr 27, 7:11 pm, bpuharic wrote:
On Tue, 27 Apr 2010 17:41:42 -0400, John H
wrote:


no wonder the rich hate lawyers. they've prevented any protection for
the middle class...and they want to gut the last vestiges of any
protection at all


Would you please do us all a favor and get off your "the middle class
got screwed kick"?


I'm "middle class" but don't whine like a bitch, like 99% of you're
posts do. Get over it, for Christ's sake.


ROFLMAO!! glenn beck cries rivers about the poor rich.


canucks and others here telll us how we MUST suck the cocks of the
rich because americans are REQUIRED to protect them and make them feel
good


*You* relied on the Wall Street pigs to "gamble" your money (401K
plan).


uh, no. me and 100,000,000 others did as we were told by the rich


-we worked hard
-we gave up our pensions to the rich
-we used the ONLY retirement vehicle open: 401k's


and we got screwed. all of use. the average drop in 401k's in the last
3 years was 35%


8,000,000 jobless. foreclosures at a record...


Maybe, just maybe, it's not always somebody else's fault. Take a hard
look in the mirror.


more right wing bull****. blame the victim. it's NEVER the rich, you
see. THEY didn't invent CDO's. it's the fault of the middle class;
although, as conservative david frum pointed out, the middle class
hasnt had a pay increase in


TEN YEARS


so tell me...how is it the fault of the middle class?


Doesn't matter though; you're brainwashed. Carry on with your ranting
and raving.


*You* got screwed. We get it.


Good grief :)


yeah. the problem with the right is they deny there's a problem.
caused by the unregulated free market.


they have their delusions. i have the facts
As much as I can't stomach some of the sleezy losers on Wall Street,
including the banks that endorsed creative BS financial tools like
CDS's, do you honesty think we, as middle class, were not somewhat
responsible for the record foreclosures, as you've claimed?


Yes. I think many people over-extended themselves without really thinking
about it as much as they should. That doesn't absolve WS for lying and
cheating though.

I know people that were fully aware should not be trying to take out a
loan for a $450K+ house but did so anyway. Also know people that
purposely faked their true incomes to get the loans. And, many were
on a "home-flipping" spree and bragging about it during the housing
bubble. They knew what they were doing.


I know people who were leveraged up to the Empire State's roof line. One
couple bought 20 houses across the country. They're now bust. They didn't
fake income, however.

If you knew people that faked income or committed some other kind of
fraud,
did you turn them in? Probably not, so you can't be blameless either.

But, according to you, it wasn't their fault. They were the "victims".


Give me a break.


*Many* were responsible for the housing bubble and subsequent crash.
Including us regular Joe's and Jane's. But also people like your
beloved Dems in Congress, namely The Honorable Congressman Barney
Frank.


Yes, there's blame to go around. I think we get your point. Now, as to
solutions... WS needs regulation. Banks need regulation, but your beloved
Republicans were blocking (up until yesterday) even debate on what should
be
done. Instead they wanted "backroom" deals first.


I haven't followed all the recent political crap of late, but can
offer this:

isn't it already being regulated without the Government's formal
intervention in the form of reform?

One can have a firm, fixed income in the 6-figure range, a reasonable
income to debt ratio, a 750 credit score and *still* can't get a loan.

Those that do obtain loans have to go through a colonoscopy to get
one.

Mike



Not regulated enough, apparently. You're right about the can't get a loan
part. It's a pill for everyone.


  #5   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Apr 2010
Posts: 3,578
Default Lawyers...

wrote in message
...
On Thu, 29 Apr 2010 09:01:09 -0700, "nom=de=plume"
wrote:

If you knew people that faked income or committed some other kind of
fraud,
did you turn them in? Probably not, so you can't be blameless either.


Who would you turn them in to?

Dial 911?

There were no cops who were going to care, nor was the federal
government concerned Fannie and Freddy were writing NINJA loans
themselves.



I'd start with the FBI.




  #6   Report Post  
posted to rec.boats
external usenet poster
 
First recorded activity by BoatBanter: Apr 2010
Posts: 3,578
Default Lawyers...

wrote in message
...
On Sat, 1 May 2010 22:01:42 -0700, "nom=de=plume"
wrote:

wrote in message
. ..
On Thu, 29 Apr 2010 09:01:09 -0700, "nom=de=plume"
wrote:

If you knew people that faked income or committed some other kind of
fraud,
did you turn them in? Probably not, so you can't be blameless either.

Who would you turn them in to?

Dial 911?

There were no cops who were going to care, nor was the federal
government concerned Fannie and Freddy were writing NINJA loans
themselves.



I'd start with the FBI.


You would not get very far. The FBI does not have any jurisdiction
over what is considered a local fraud case involving a home buyer and
a loan officer. There is even a pretty good question about who was
committing the fraud. The loan people (calling them "officer" is
ridiculous), were coaching the buyers on how to fill out the
application so it would go through and there was no real credit
checking going on.
These mortgage companies were getting money in $50 million dollar
blocks and getting bonuses if they could write loans.
My wife was building houses and closing 2 a week, That is about a
million bucks a week gross.



I'm betting I would get quite far. At the minimum, they would recommend who
to call. Banking fraud, if it is that, is a federal crime.


  #8   Report Post  
posted to rec.boats
external usenet poster
 
First recorded activity by BoatBanter: Apr 2010
Posts: 3,578
Default Lawyers...

"BAR" wrote in message
. ..
In article ,
says...

wrote in message
...
On Sat, 1 May 2010 22:01:42 -0700, "nom=de=plume"
wrote:

wrote in message
. ..
On Thu, 29 Apr 2010 09:01:09 -0700, "nom=de=plume"
wrote:

If you knew people that faked income or committed some other kind of
fraud,
did you turn them in? Probably not, so you can't be blameless either.

Who would you turn them in to?

Dial 911?

There were no cops who were going to care, nor was the federal
government concerned Fannie and Freddy were writing NINJA loans
themselves.


I'd start with the FBI.


You would not get very far. The FBI does not have any jurisdiction
over what is considered a local fraud case involving a home buyer and
a loan officer. There is even a pretty good question about who was
committing the fraud. The loan people (calling them "officer" is
ridiculous), were coaching the buyers on how to fill out the
application so it would go through and there was no real credit
checking going on.
These mortgage companies were getting money in $50 million dollar
blocks and getting bonuses if they could write loans.
My wife was building houses and closing 2 a week, That is about a
million bucks a week gross.



I'm betting I would get quite far. At the minimum, they would recommend
who
to call. Banking fraud, if it is that, is a federal crime.


Even at state chartered banks?




Do you seriously believe they wouldn't direct me to the proper
authority????????


  #9   Report Post  
posted to rec.boats
external usenet poster
 
First recorded activity by BoatBanter: Apr 2010
Posts: 3,578
Default Lawyers...

wrote in message
...
On Sun, 2 May 2010 10:16:15 -0700, "nom=de=plume"
wrote:

wrote in message
. ..
On Sat, 1 May 2010 22:01:42 -0700, "nom=de=plume"
wrote:

wrote in message
m...
On Thu, 29 Apr 2010 09:01:09 -0700, "nom=de=plume"
wrote:

If you knew people that faked income or committed some other kind of
fraud,
did you turn them in? Probably not, so you can't be blameless either.

Who would you turn them in to?

Dial 911?

There were no cops who were going to care, nor was the federal
government concerned Fannie and Freddy were writing NINJA loans
themselves.


I'd start with the FBI.


You would not get very far. The FBI does not have any jurisdiction
over what is considered a local fraud case involving a home buyer and
a loan officer. There is even a pretty good question about who was
committing the fraud. The loan people (calling them "officer" is
ridiculous), were coaching the buyers on how to fill out the
application so it would go through and there was no real credit
checking going on.
These mortgage companies were getting money in $50 million dollar
blocks and getting bonuses if they could write loans.




I'm betting I would get quite far. At the minimum, they would recommend
who
to call. Banking fraud, if it is that, is a federal crime.


You would end up at Fannie and Freddie if you followed the money,
eventually getting to congress.
That was another thing that got de facto deregulation. The lenders
were discouraged from trying to hard to disqualify marginal buyers and
when this thing crashed, otherwise very credible buyers were suddenly
marginal. Nobody really believed the market could crash and they
thought that if a buyer defaulted, they would just sell the house to
the next guy on the list at a higher price
If this was just who wrote a bad loan, you could easily bust a lot of
$35,000 a year loan clerks but how high did you want to go? Do you
want to go up to told them it was OK, or even those who made it a
condition of employment.




They aren't enforcement agencies... the FBI is one.


  #10   Report Post  
posted to rec.boats
external usenet poster
 
First recorded activity by BoatBanter: Apr 2010
Posts: 3,578
Default Lawyers...

wrote in message
...
On Sun, 2 May 2010 23:49:11 -0700, "nom=de=plume"
wrote:

wrote in message
. ..
On Sun, 2 May 2010 10:16:15 -0700, "nom=de=plume"
wrote:

wrote in message
m...
On Sat, 1 May 2010 22:01:42 -0700, "nom=de=plume"
wrote:

wrote in message
news:f8vpt5tba13ilcshlfurdcfn1cok5cdb15@4ax. com...
On Thu, 29 Apr 2010 09:01:09 -0700, "nom=de=plume"
wrote:

If you knew people that faked income or committed some other kind of
fraud,
did you turn them in? Probably not, so you can't be blameless
either.

Who would you turn them in to?

Dial 911?

There were no cops who were going to care, nor was the federal
government concerned Fannie and Freddy were writing NINJA loans
themselves.


I'd start with the FBI.


You would not get very far. The FBI does not have any jurisdiction
over what is considered a local fraud case involving a home buyer and
a loan officer. There is even a pretty good question about who was
committing the fraud. The loan people (calling them "officer" is
ridiculous), were coaching the buyers on how to fill out the
application so it would go through and there was no real credit
checking going on.
These mortgage companies were getting money in $50 million dollar
blocks and getting bonuses if they could write loans.



I'm betting I would get quite far. At the minimum, they would recommend
who
to call. Banking fraud, if it is that, is a federal crime.


You would end up at Fannie and Freddie if you followed the money,
eventually getting to congress.
That was another thing that got de facto deregulation. The lenders
were discouraged from trying to hard to disqualify marginal buyers and
when this thing crashed, otherwise very credible buyers were suddenly
marginal. Nobody really believed the market could crash and they
thought that if a buyer defaulted, they would just sell the house to
the next guy on the list at a higher price
If this was just who wrote a bad loan, you could easily bust a lot of
$35,000 a year loan clerks but how high did you want to go? Do you
want to go up to told them it was OK, or even those who made it a
condition of employment.




They aren't enforcement agencies... the FBI is one.


The FBI would not look into a case where somebody fudged a loan
application.



Never said they would or wouldn't. I said I would start with them and they
would certainly direct me to the proper authority.




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