<Video61@[EMAIL PROTECTED]
> wrote in message
news:cb839cbb-d680-43ab-b1af-d4d7de13a37a@[EMAIL PROTECTED]
> On Apr 21, 3:40 pm, "Jeff Strickland" <cr...@[EMAIL PROTECTED]
> wrote:
>> <Vide...@[EMAIL PROTECTED]
> wrote in message
>>
>>
news:41b5c328-4adc-4bf5-b6da-0468412be9e7@[EMAIL PROTECTED]
>>
>>
>>
>> > On Apr 21, 12:10 pm, "Jeff Strickland" <cr...@[EMAIL PROTECTED]
> wrote:
>> >> <Vide...@[EMAIL PROTECTED]
> wrote in message
>>
>>
>>news:fcb211de-6a87-4dc7-97c4-279884568208@[EMAIL PROTECTED]
>>
>> >> > On Apr 21, 11:35 am, alexy <nos...@[EMAIL PROTECTED]
> wrote:
>> >> >> Vide...@[EMAIL PROTECTED]
wrote:
>>
>> >> >> > coming to america soon,
>> >> >> > 28 days, then 90 days, than 6 months, than a year, then maybe
>> >> >> >lifetime? i betcha its coming. meanwhile we must not pamper the
>> >> >> >little
>> >> >> >guys, after all, they must be self responsible.
>> >> >> > i wonder how many more 4 pound lobsters, french champagne, and
>> >> >> >bonuses will be consumed after this little give away to the free
>> >> >> >market.
>>
>> >> >> Do you read the articles you post?
>> >> >> Do you know the meaning of debt forgiveness?
>> >> >> Where did you think you saw anything in this article about debt
>> >> >> forgiveness?
>>
>> >> > the above statement is coming from a guy who could not see what
was
>> >> > coming last august. sorry alex, you are in no position to even
>> >> > understand what is going on right now. remember, to understand,
you
>> >> > must be able to connect the dots, and understand that there are
>> >> > other
>> >> > shoes about to drop. OBTW, the other shoes have been dropping
almost
>> >> > daily now since you last slunk away.
>>
>> >> I'd be interested in seeing where Debt Forgiveness is being outlined
>> >> in
>> >> the
>> >> article you posted.
>>
>> > the above statement is coming from a guy who could not see what was
>> > coming last august. sorry jeff, you are in no position to even
>> > understand what is going on right now. remember, to understand, you
>> > must be able to connect the dots, and understand that there are other
>> > shoes about to drop.
>> > you will never change, this quote is for you,
>> > "our state and nation have experienced major declines resulting from
>> > contem****ary conservative leaders and their simplistic ideas. their
>> > dour polices regularly fail to connect the dots, let alone comprehend
>> > the space between them.
>> > richard a. swanson"
>> > OBTW, i never said debt forgiveness, i said the beginnings of debt
>> > forgiveness. but you cannot connect the dots. nor comprehend the
space
>> > in between them.
>>
>> The Subject line specifically cites debt forgiveness. Please tell us
>> where
>> the debt forgiveness is in the article.
>>
>> You are the one lacking understanding, my friend.
>
> i said, the beginnings. if you had any capabilities at all, you would
> understand that if these assets are all but worthless(seeing how they
> cannot sell them, or borrow against them)now, what do you think they
> will be worth in a year, and how will the fat cat banks that have to
> take them back in a year deal with that, more bailouts, err loans, err
> debt forgiveness. if they can keep on borrowing, or keep on debt
> swapping, that is a forgiveness. they are insolvent, face it. get over
> it.
Where is the beginning of debt forgiveness?
Whos debt is on the verge of being forgiven?
You do not understand the first rule of mortgage lending, it states that
the
bank wants the money, it does not want the house. The problem today is
that
the bank is holding the house that they do not want. They have to get rid
of
the house, but can't because they wrote more paper on the house yesterday
than they can get for the house tomorrow. The reason this happened is
because they wrote crappy paper when things were good, did not set aside
reserves for when things went bad, and the idiots they gave money to to
get
the house have no equity so they walk away, leaving the bank with a house
it
does not want.
While the bank made bad loans roughly 3% of the time, it also made good
loans 97% of the time. The bank will come out of this okay, but it must
take
losses against income for a couple of years until it can jetison the
properties (bad paper) in its ****tfolio. Sure, Citibank or Countrywide has
huge losses this year, but they had huge incomes the year before and the
year before that, and in coming years they will have huge gains again.
What is going to happen here at the end of all of this is that people with
bad credit will not be given the chance to buy into the American Dream --
home owner****p -- without a more substantial equity position going in, and
investor-owners (people like me that own rental properties) will also have
to come in with a greater equity position to protect the bank from getting
the house back. Remember, the bank wants the money, not the house.
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