The people in charge of these banks which did this should be killed
and their property confiscated to pay off any debt.

This is the only true way to handle these on-going bank frauds and
stock market swindles.

But the bankers work in extended crime families. It is necessary to
arrest all of the bankers, CEOs and Board members as well as their
entire extended families and business associates.

Put them on trial for grand larceny and treason, and confiscate
everything that they have swindled. This would erase the National Debt
and give every American and Englishman their own home free and clear
of debt.

"St Georges Day April 23rd" wrote
The people in charge of these banks which did this should be killed
and their property confiscated to pay off any debt.


Now slow down sparkey. These lenders didn't go out, waylay some poor scmuck
on the street and force them to take out a loan they couldn't support.

It took at least two to create the problem. Lender and borrower. Greedy
lenders. Greedy borrowers.




This is the only true way to handle these on-going bank frauds and
stock market swindles.



And the folks who said they had income sufficient to repay the debt? I
doubt that there is just one no-doc loan that contains a tad of expectations
and puffery on the application filled out by the borrower. Nope, not just
one for sure. In fact, I'd be surprised if there were one that didn't
contain some erroneous claim by the borrower about their income or assets.

Seems there is sufficient fraud on both sides to go around.





You have to remember that home equity loans are a relatively new idea.
Brought out by lenders to meet the demand of borrowers. Greedy borrowers
took to them like a teen to a text message. Borrowers took out home equity
loans to do stupid things like go on vacation. They used their house like
an ATM, borrowing any and all equity they could, refinancing and rolling up
the HELOC, and second mortgages into one big first mortgage with a cash out
and starting all over again.

So who caused the mess you're in? If not you - the borrower - then who?
And why is it someone elses fault that they let you - the borrower - be
greedy?

Is it the cops fault that they let you speed? It's the fault of the road
department for making the roads so smooth that you can go twice the speed
limit? So now what, you shouldn't have to pay the speeding ticket?






--
"For those who believe, no explanation is necessary. For
those who do not, none will suffice." - Joseph Dunniger

Paul A. Thomas, CPA
Athens, Georgia

Paul Thomas, CPA wrote:
"St Georges Day April 23rd" wrote
The people in charge of these banks which did this should be killed
and their property confiscated to pay off any debt.


Now slow down sparkey. These lenders didn't go out, waylay some poor scmuck
on the street and force them to take out a loan they couldn't support.

I don't really disagree with you, but...

There's some evidence that as much as one quarter of all subprime loans
could have been financed otherwise. In that respect at least some of
these smucks were waylaid. There was also the implication that they
could refinance after their property had appreciated.

It took at least two to create the problem. Lender and borrower. Greedy
lenders. Greedy borrowers.

Oh it goes beyond that. When you make CDOs of that debt it became
easy for the bond rating agencies to never really look into that complex
mess and just do what those who hired them wanted. All everyone wanted
was to drive this foolish easy money/ easy profit market.

The real failure, IMHO, is that the regulators did exactly what the
sharks wanted. Not what was good for them or the country but what they
wanted. That permissiveness is a hallmark of this era.

Jeff




This is the only true way to handle these on-going bank frauds and
stock market swindles.



And the folks who said they had income sufficient to repay the debt? I
doubt that there is just one no-doc loan that contains a tad of expectations
and puffery on the application filled out by the borrower. Nope, not just
one for sure. In fact, I'd be surprised if there were one that didn't
contain some erroneous claim by the borrower about their income or assets.

Seems there is sufficient fraud on both sides to go around.





You have to remember that home equity loans are a relatively new idea.
Brought out by lenders to meet the demand of borrowers. Greedy borrowers
took to them like a teen to a text message. Borrowers took out home equity
loans to do stupid things like go on vacation. They used their house like
an ATM, borrowing any and all equity they could, refinancing and rolling up
the HELOC, and second mortgages into one big first mortgage with a cash out
and starting all over again.

So who caused the mess you're in? If not you - the borrower - then who?
And why is it someone elses fault that they let you - the borrower - be
greedy?

Is it the cops fault that they let you speed? It's the fault of the road
department for making the roads so smooth that you can go twice the speed
limit? So now what, you shouldn't have to pay the speeding ticket?

Paul Thomas, CPA wrote:
"St Georges Day April 23rd" wrote
The people in charge of these banks which did this should be killed
and their property confiscated to pay off any debt.


Now slow down sparkey. These lenders didn't go out, waylay some poor scmuck
on the street and force them to take out a loan they couldn't support.

I don't really disagree with you, but...

There's some evidence that as much as one quarter of all subprime loans
could have been financed otherwise. In that respect at least some of
these smucks were waylaid. There was also the implication that they
could refinance after their property had appreciated.

It took at least two to create the problem. Lender and borrower. Greedy
lenders. Greedy borrowers.

Oh it goes beyond that. When you make CDOs of that debt it became
easy for the bond rating agencies to never really look into that complex
mess and just do what those who hired them wanted. All everyone wanted
was to drive this foolish easy money/ easy profit market.

The real failure, IMHO, is that the regulators did exactly what the
sharks wanted. Not what was good for them or the country but what they
wanted. That permissiveness is a hallmark of this era.

Jeff




This is the only true way to handle these on-going bank frauds and
stock market swindles.



And the folks who said they had income sufficient to repay the debt? I
doubt that there is just one no-doc loan that contains a tad of expectations
and puffery on the application filled out by the borrower. Nope, not just
one for sure. In fact, I'd be surprised if there were one that didn't
contain some erroneous claim by the borrower about their income or assets.

Seems there is sufficient fraud on both sides to go around.





You have to remember that home equity loans are a relatively new idea.
Brought out by lenders to meet the demand of borrowers. Greedy borrowers
took to them like a teen to a text message. Borrowers took out home equity
loans to do stupid things like go on vacation. They used their house like
an ATM, borrowing any and all equity they could, refinancing and rolling up
the HELOC, and second mortgages into one big first mortgage with a cash out
and starting all over again.

So who caused the mess you're in? If not you - the borrower - then who?
And why is it someone elses fault that they let you - the borrower - be
greedy?

Is it the cops fault that they let you speed? It's the fault of the road
department for making the roads so smooth that you can go twice the speed
limit? So now what, you shouldn't have to pay the speeding ticket?

Paul Thomas, CPA wrote:
"St Georges Day April 23rd" wrote
The people in charge of these banks which did this should be killed
and their property confiscated to pay off any debt.


Now slow down sparkey. These lenders didn't go out, waylay some poor scmuck
on the street and force them to take out a loan they couldn't support.

It took at least two to create the problem. Lender and borrower. Greedy
lenders. Greedy borrowers.




This is the only true way to handle these on-going bank frauds and
stock market swindles.



And the folks who said they had income sufficient to repay the debt? I
doubt that there is just one no-doc loan that contains a tad of expectations
and puffery on the application filled out by the borrower. Nope, not just
one for sure. In fact, I'd be surprised if there were one that didn't
contain some erroneous claim by the borrower about their income or assets.

Seems there is sufficient fraud on both sides to go around.





You have to remember that home equity loans are a relatively new idea.
Brought out by lenders to meet the demand of borrowers. Greedy borrowers
took to them like a teen to a text message. Borrowers took out home equity
loans to do stupid things like go on vacation. They used their house like
an ATM, borrowing any and all equity they could, refinancing and rolling up
the HELOC, and second mortgages into one big first mortgage with a cash out
and starting all over again.

So who caused the mess you're in? If not you - the borrower - then who?
And why is it someone elses fault that they let you - the borrower - be
greedy?

Is it the cops fault that they let you speed? It's the fault of the road
department for making the roads so smooth that you can go twice the speed
limit? So now what, you shouldn't have to pay the speeding ticket?






And only the lenders a being bailed out.

George Grapman wrote:
Paul Thomas, CPA wrote:
"St Georges Day April 23rd" wrote
The people in charge of these banks which did this should be killed
and their property confiscated to pay off any debt.


Now slow down sparkey. These lenders didn't go out, waylay some
poor scmuck on the street and force them to take out a loan they
couldn't support. It took at least two to create the problem. Lender and borrower. Greedy lenders. Greedy borrowers.




This is the only true way to handle these on-going bank frauds and
stock market swindles.



And the folks who said they had income sufficient to repay the debt?
I doubt that there is just one no-doc loan that contains a tad of
expectations and puffery on the application filled out by the
borrower. Nope, not just one for sure. In fact, I'd be surprised
if there were one that didn't contain some erroneous claim by the
borrower about their income or assets. Seems there is sufficient fraud on both sides to go around.





You have to remember that home equity loans are a relatively new
idea. Brought out by lenders to meet the demand of borrowers. Greedy borrowers took to them like a teen to a text
message. Borrowers took out home equity loans to do stupid things like go on
vacation. They used their house like an ATM, borrowing any and all
equity they could, refinancing and rolling up the HELOC, and second
mortgages into one big first mortgage with a cash out and starting
all over again. So who caused the mess you're in? If not you - the borrower - then
who? And why is it someone elses fault that they let you - the
borrower - be greedy?

Is it the cops fault that they let you speed? It's the fault of the
road department for making the roads so smooth that you can go twice
the speed limit? So now what, you shouldn't have to pay the
speeding ticket?

And only the lenders a being bailed out.

Thats a lie.

Sorry, false statement. Congress has already passed and the President has
signed a bill that bails out a substantial number (approx. 400,000) of
persons liable to lose their homes to foreclosure. The same bill provides a
First-time home buyers repayable credit; an additional standard deduction
for property taxes (That is a even if they do not have enough deductions to
use Schedule A, they can add $500 to their standard deduction for Property
taxes) - this deduction is phased out above certain specified incomes; the
low income housing credit was expanded; interest on certain private activity
bonds for specified housing projects is not treated as tax preference items
for AMT purposes.


"George Grapman" wrote in message
...
Paul Thomas, CPA wrote:
"St Georges Day April 23rd" wrote
The people in charge of these banks which did this should be killed
and their property confiscated to pay off any debt.


Now slow down sparkey. These lenders didn't go out, waylay some poor
scmuck on the street and force them to take out a loan they couldn't
support.

It took at least two to create the problem. Lender and borrower. Greedy
lenders. Greedy borrowers.




This is the only true way to handle these on-going bank frauds and
stock market swindles.



And the folks who said they had income sufficient to repay the debt? I
doubt that there is just one no-doc loan that contains a tad of
expectations and puffery on the application filled out by the borrower.
Nope, not just one for sure. In fact, I'd be surprised if there were one
that didn't contain some erroneous claim by the borrower about their
income or assets.

Seems there is sufficient fraud on both sides to go around.





You have to remember that home equity loans are a relatively new idea.
Brought out by lenders to meet the demand of borrowers. Greedy borrowers
took to them like a teen to a text message. Borrowers took out home
equity loans to do stupid things like go on vacation. They used their
house like an ATM, borrowing any and all equity they could, refinancing
and rolling up the HELOC, and second mortgages into one big first
mortgage with a cash out and starting all over again.

So who caused the mess you're in? If not you - the borrower - then who?
And why is it someone elses fault that they let you - the borrower - be
greedy?

Is it the cops fault that they let you speed? It's the fault of the road
department for making the roads so smooth that you can go twice the speed
limit? So now what, you shouldn't have to pay the speeding ticket?






And only the lenders a being bailed out.

In et,
P. Maffia mused:
Sorry, false statement. Congress has already passed and the
President has signed a bill that bails out a substantial number
(approx. 400,000) of persons liable to lose their homes to
foreclosure. The same bill provides a First-time home buyers
repayable credit; an additional standard deduction for property
taxes (That is a even if they do not have enough deductions to
use Schedule A, they can add $500 to their standard deduction
for Property taxes) - this deduction is phased out above certain
specified incomes; the low income housing credit was expanded;
interest on certain private activity bonds for specified housing
projects is not treated as tax preference items for AMT
purposes.

This will fall on deaf ears. Some people just want to believe the
reality that they made for themselves.




"George Grapman" wrote in message
...
Paul Thomas, CPA wrote:
"St Georges Day April 23rd"
wrote
The people in charge of these banks which did this should be
killed and their property confiscated to pay off any debt.


Now slow down sparkey. These lenders didn't go out, waylay
some poor scmuck on the street and force them to take out a
loan they couldn't support.

It took at least two to create the problem. Lender and
borrower. Greedy lenders. Greedy borrowers.




This is the only true way to handle these on-going bank
frauds and stock market swindles.



And the folks who said they had income sufficient to repay the
debt? I doubt that there is just one no-doc loan that
contains a tad of expectations and puffery on the application
filled out by the borrower. Nope, not just one for sure. In
fact, I'd be surprised if there were one that didn't contain
some erroneous claim by the borrower about their income or
assets. Seems there is sufficient fraud on both sides to go
around.





You have to remember that home equity loans are a relatively
new idea. Brought out by lenders to meet the demand of
borrowers. Greedy borrowers took to them like a teen to a
text message. Borrowers took out home equity loans to do
stupid things like go on vacation. They used their house like
an ATM, borrowing any and all equity they could, refinancing
and rolling up the HELOC, and second mortgages into one big
first mortgage with a cash out and starting all over again. So
who caused the mess you're in? If not you - the borrower -
then who? And why is it someone elses fault that they let you
- the borrower - be greedy?

Is it the cops fault that they let you speed? It's the fault
of the road department for making the roads so smooth that you
can go twice the speed limit? So now what, you shouldn't have
to pay the speeding ticket?
And only the lenders a being bailed out.

In article
communications,
"AllYou!" wrote:

This will fall on deaf ears. Some people just want to believe the
reality that they made for themselves.

and;


Our Position on the Economy

Our nation was founded on values twinning personal initiative with
mutual co-operation. From the Plymouth Colony to Andrew Jackson's
Reforms, to the Homestead Act to the New Deal, Americans have known that
we all are better off when we recognize basic standards of social
justice. But thanks to globalism, dog-eat-dog economics has resulted in
offshoring, outsourcing, the destruction of unions, and the gutting of
the US economy. We advocate economic nationalism, which places the
economy at the service of the nation; we believe that the welfare of our
people should supercede all other things, including the ability of
multinational corporations to exploit or ignore our people for unbridled
profits.

http://www.europeanamericansunited.o...?categoryid=16
--


If guns are out-lawed. Only the Out-laws,my in-laws
& politicians will have guns.

"George Grapman" wrote
And only the lenders a being bailed out.




A very limited statement if ever there was.

The breadth of a bailout extends far beyond the doors of the lender.
"Ordinary Joe" and his pension fund benefit too. The employees benefit, as
do all those whom the employee trades with. All the lender's suppliers
benefit from future business. And the ripple effect takes it all the way
down to "Homeless Joe" living under a tarp at the edge of town.






--
"For those who believe, no explanation is necessary. For
those who do not, none will suffice." - Joseph Dunniger

Paul A. Thomas, CPA
Athens, Georgia

On 17 Sep, 10:17, St Georges Day April 23rd
wrote:
The people in charge of these banks which did this should be killed
and their property confiscated to pay off any debt.

This is the only true way to handle these on-going bank frauds and
stock market swindles.

But the bankers work in extended crime families. It is necessary to
arrest all of the bankers, CEOs and Board members as well as their
entire extended families and business associates.

Put them on trial for grand larceny and treason, and confiscate
everything that they have swindled. This would erase the National Debt
and give every American and Englishman their own home free and clear
of debt.

Are you hungry or cold? What are you complaining about?

The money is only database entries so the government can hit the reset
button.