Libya to adopt Sharia Law

[mrplunkey]

How many lawsuits have been filed against mortgage companies for misrepresenting their products? Trial lawyers are all about this kind of shit... It amazes me that people think greed only flows from wealth...There were teachers, cops, union workers and firefighters closing on two properties in the same week because they knew the system wouldn't catch their speculation. Like I said, I was called a dumbass for not buying into the real estate bubble...Who is laughing now...me... because I'm not stuck with a property that I will paying taxes on that will be underwater for the next ten years...

I agree, with your concept here.

But one caveat: We're both dumb-asses for not riding the bubble up and hopping off at its peak. There was money to be made and neither of us took advantage of it.

 

[Strongbow]

Who gives a fuck ?

 

[redsamurai]

How many lawsuits have been filed against mortgage companies for misrepresenting their products? Trial lawyers are all about this kind of shit... It amazes me that people think greed only flows from wealth...There were teachers, cops, union workers and firefighters closing on two properties in the same week because they knew the system wouldn't catch their speculation. Like I said, I was called a dumbass for not buying into the real estate bubble...Who is laughing now...me... because I'm not stuck with a property that I will paying taxes on that will be underwater for the next ten years...

What do middle class govt employees have to do with banks giving people making less than 18k a year 300k mortgages? That is not "real estate speculating".

 

[nangiggles]

Who gives a fuck ?

This ^^^^
Their new government, their new freedom, their new problem.....

 

[Mr. dB]

This ^^^^
Their new government, their new freedom, their new problem.....

As long as they keep to themselves and don't export any dangerous ideas, or blow up any more airplanes.

 

[javaguru]

I agree, with your concept here.

But one caveat: We're both dumb-asses for not riding the bubble up and hopping off at its peak. There was money to be made and neither of us took advantage of it.

Riding a bubble is mostly about luck...I never count on my luck because I have none...

 

[javaguru]

What do middle class govt employees have to do with banks giving people making less than 18k a year 300k mortgages? That is not "real estate speculating".

They were giving people making 40k a year 300k mortgages who misrepresented their income, do the math, these greedy middle class government employees closed on two properties in the same week. My point being, they knew if they closed on two houses in the same week the banks wouldn't catch they were speculating and knew they couldn't afford the mortgage over the long term... It's the definition of a bubble...The trial lawyers would be all over this if evil banks and mortgage companies were defrauding people; I can't watch ten minute sof TV without telling me that I need to join a class action lawsuit if [insert scenario here] happened. Barry was all about the rhetoric of taking down the corrupt practices that lead to the real estate bubble....How many have been indicted under Obama? Nobody on Wall Street broke the law by creating credit default swaps but I guarantee many of these hard working middle class people lied about their income to materially misrepresent their income to get a loan....That violates contract law in my state...

 

[redsamurai]

wrong java, banks were hiring ex convicted drug dealers to sell mortgages. Now why would they do that? Cause these guys had swing in their old dealing grounds. Do you think they were using tactics like that to sell to middle class american suburbia? No......and of course if you go into a ghetto and hand someone a loan application and tell them that they won't be income verified, they are going to lie like a mother fucker to get that 300k loan. The whole purpose of those loans was default, turn that property around and default it again in 6 months.....they were making SHIT TONS of money doing that java. C'mon man you know this, this has been plenty written about.

 

[mrplunkey]

wrong java, banks were hiring ex convicted drug dealers to sell mortgages. Now why would they do that? Cause these guys had swing in their old dealing grounds. Do you think they were using tactics like that to sell to middle class american suburbia? No......and of course if you go into a ghetto and hand someone a loan application and tell them that they won't be income verified, they are going to lie like a mother fucker to get that 300k loan. The whole purpose of those loans was default, turn that property around and default it again in 6 months.....they were making SHIT TONS of money doing that java. C'mon man you know this, this has been plenty written about.

lol!

It's a conspiracy!

 

[redsamurai]

lol!

It's a conspiracy!

what's conspiratorial about it? That's just what they did.