|
June 2nd, 2009 | #581 |
Senior Member
Join Date: Dec 2006
Location: pennsylvania
Posts: 1,346
|
__________________
Fire up the trains, It's time for uncle jewey to head to happy camp Who the fuck says israel has a right to exist "Name the jew" -Bud White |
June 14th, 2009 | #582 | |
Radio active
Join Date: Jul 2005
Location: Gone to work on the lemming sites against Big Jew.
Posts: 9,439
Blog Entries: 2
|
Lloyds Bank hit by Obama tax purge
Quote:
__________________
The average kwan is of such low quality that he'd shoot himself if he had any self awareness. -Joe from Ohio |
|
June 15th, 2009 | #583 | |
Radio active
Join Date: Jul 2005
Location: Gone to work on the lemming sites against Big Jew.
Posts: 9,439
Blog Entries: 2
|
Quote:
I say that their bond sale goes to shit. Obama said during his campaign that he would see to it that coal plants would be prohibitively expensive. I can't see bond investors buying into it.
__________________
The average kwan is of such low quality that he'd shoot himself if he had any self awareness. -Joe from Ohio |
|
June 19th, 2009 | #584 | |
Radio active
Join Date: Jul 2005
Location: Gone to work on the lemming sites against Big Jew.
Posts: 9,439
Blog Entries: 2
|
http://market-ticker.denninger.net/a...-Seen-Yet.html
Quote:
__________________
The average kwan is of such low quality that he'd shoot himself if he had any self awareness. -Joe from Ohio |
|
June 19th, 2009 | #585 | |
Creepy-Ass Cracker
Join Date: Sep 2005
Location: Where "Yes" Is A Two-Syllable Word.
Posts: 3,822
|
Quote:
I have people come into my office on a daily basis who have had their house foreclosed or their car repossessed and now they are being sued. "They got their house / car / boat / motorcycle back. How can they be suing me now?" See, when you buy an item, be it a car or a house or a TV, on credit, the lender has two remedies if the loan isn't repaid. First, it reposseses the item you bought and sells it. If the sale brings in enough money to pay the debt and the late fees and the lawyer charges and anything else they decide to stick on there, then you're clear. If it doesn't -- and it NEVER does -- the difference is called the deficiency. You are personally liable for the deficiency. The lender can sue you and take a judgment for the deficiency and garnish your wages (in most states, Texas being an exception), bank accounts or most anything else they can find. |
|
June 20th, 2009 | #586 | ||
Senior Member
Join Date: Dec 2003
Posts: 4,229
|
Quote:
Wait, he says the same thing below that: Quote:
|
||
June 20th, 2009 | #587 |
Banned
Join Date: Feb 2007
Location: Filthydelphia
Posts: 10,095
|
http://blog.vdare.com/archives/2009/...al/#more-14143
Obama’s Financial Regulation Proposal By Steve Sailer Everybody has an opinion on Obama’s proposal for revamping financial regulation. I’ve been busy so I have no idea what’s in the plan, so I don’t have an opinion. But, let me make one guess: I bet there’s not a single word in the proposal — nor, I presume, has there been a single word in all the commentary on the proposal — about moderating the anti-redlining push for more mortgage lending to minorities with poor creditworthiness that was so central to the Sand State subprime mortgage meltdown that set off the financial crisis. After all, how can anybody talk about reforming this when nobody will even talk about the fact that the federal Home Mortgage Disclosure Act database shows that 77% of subprime home purchase mortgage dollars in California in 2006 went to minorities? Update: Well, I was wrong. The White House White Paper talks about the new Consumer Finance Protection Agency intensifying the push for more lending to minorities: The Agency should enforce fair lending laws and the Community Reinvestment Act and otherwise seek to ensure that underserved consumers and communities have access to prudent financial services, lending, and investment. A critical part of the CFPA’s mission should be to promote access to financial services, especially for households and communities that traditionally have had limited access. This focus will also help ensure that the CFPA fully internalizes the value of preserving access to financial services and weighs that value against other values when it considers new consumer protection regulations. Rigorous application of the Community Reinvestment Act (CRA) should be a core function of the CFPA. Some have attempted to blame the subprime meltdown and financial crisis on the CRA and have argued that the CRA must be weakened in order to restore financial stability. These claims and arguments are without any logical or evidentiary basis. It is not tenable that the CRA could suddenly have caused an explosion in bad subprime loans more than 25 years after its enactment. In fact, enforcement of CRA was weakened during the boom and the worst abuses were made by firms not covered by CRA. Moreover, the Federal Reserve has reported that only six percent of all the higher-priced loans were extended by the CRA-covered lenders to lower income borrowers or neighborhoods in the local areas that are the focus of CRA evaluations. The appropriate response to the crisis is not to weaken the CRA; it is rather to promote robust application of the CRA so that low-income households and communities have access to responsible financial services that truly meet their needs. To that end, we propose that the CFPA should have sole authority to evaluate institutions under the CRA. While the prudential regulators should have the authority to decide applications for institutions to merge, the CFPA should be responsible for determining the institution’s record of meeting the lending, investment, and services needs of its community under the CRA, which would be part of the merger application. The CFPA should also vigorously enforce fair lending laws to promote access to credit. Furthermore, the CFPA should maintain a fair lending unit with attorneys, compliance specialists, economists, and statisticians. The CFPA should have primary fair lending jurisdiction over federally supervised institutions and concurrent authority with the states over other institutions. Its comprehensive jurisdiction should enable it to develop a holistic, integrated approach to fair lending that targets resources to the areas of greatest risk for discrimination. To promote fair lending enforcement, as well as community investment objectives, the CFPA should have authority to collect data on mortgage and small business lending. Critical new fields should be added to HMDA data such as a universal loan identifier that permits tying HMDA data to property databases and proprietary loan performance databases, a flag for loans originated by mortgage brokers, information about the type of interest rate (e.g., fixed vs. variable), and other fields that the mortgage crisis has shown to be of critical importance. But, of course, the HMDA database is for prodding for more lending to minorities. Using it to check up on whether minorities are paying back their loans is unthinkable. You can take Obama out of the ethnic shakedown racket, but you can’t take the ethnic shakedown racketeer out of Obama. |
June 21st, 2009 | #588 |
Radio active
Join Date: Jul 2005
Location: Gone to work on the lemming sites against Big Jew.
Posts: 9,439
Blog Entries: 2
|
Good reading. pdf.
http://www.drschoon.com/articles/DeathWatch.pdf http://globaleconomicanalysis.blogsp...-horrific.html
__________________
The average kwan is of such low quality that he'd shoot himself if he had any self awareness. -Joe from Ohio Last edited by Joe_J.; June 21st, 2009 at 12:42 PM. |
June 21st, 2009 | #589 |
Creepy-Ass Cracker
Join Date: Sep 2005
Location: Where "Yes" Is A Two-Syllable Word.
Posts: 3,822
|
A mortgage is simply a person pledging property to stand for a debt. So strictly speaking, a mortgage does not put the borrower on the hook personally. But in conjunction with every mortgage I have ever seen, the lender also requires the borrower to sign a promissory note which does obligate the borrower to repay the money.
|
June 21st, 2009 | #590 | |
Enkidu
Join Date: Dec 2003
Location: Under the Panopticon.
Posts: 4,297
|
Quote:
Say, for argument's sake, that we enter big, bad, hyperinflation--really big, bad, hyperinflation. Now suppose the following: 1. I have a mortgage, a standard 30 year, no-tricks, mortgage. 2. I owe $140,000 on the mortgage. I've never had a late payment. 3. My payment is some fixed monthly amount, say, $1250. 4. Hyperinflation hits, and hits bad. 5. A year passes. Sack boys at Krugers make $100,000 a day. Finally, here is the question. Can I reach into my pocket, pull out $140,000 (enough to buy a used pair of roller skates,) and pay off my mortgage? Or have the insidious bastards buried some small print on page 27 to prevent this? Perhaps, a forced re-finance, or something that would let them re-define the balance, based on inflation? This is all assuming I have the standard, no-tricks, 30 year mortgage. Mike
__________________
Hunter S. Thompson, "Big dark, coming soon" Last edited by Mike in Denver; June 21st, 2009 at 03:46 PM. |
|
June 21st, 2009 | #591 |
Radio active
Join Date: Jul 2005
Location: Gone to work on the lemming sites against Big Jew.
Posts: 9,439
Blog Entries: 2
|
The one thing I would look forward to in an inflationary scenario is that my mortgage would be paid back in devalued currency resulting in a loss to the jews holding the note.
The US government has discussed this. The see the benefit in inflation this way. They can repay lenders in devalued money. I think there was some discussion of this on Denninger's forum.
__________________
The average kwan is of such low quality that he'd shoot himself if he had any self awareness. -Joe from Ohio |
June 21st, 2009 | #592 | |
Creepy-Ass Cracker
Join Date: Sep 2005
Location: Where "Yes" Is A Two-Syllable Word.
Posts: 3,822
|
Quote:
I've never seen a mortgage with an "inflation" clause, but generally speaking, the interest rate itself is supposed to give a return to the lender and cover for inflation. Interest rates go up during times when inflation is expected. As in the late 70s and early 80s. Mortgage rates were 18 percent and up. That is why adjustable rate mortgages always have a lower rate than fixed rate mortgages taken out at the same time: The lender can protect himself from inflation more readily. Now take that information for what it's worth, which probably isn't much. Last edited by Marse Supial; June 21st, 2009 at 03:34 PM. |
|
June 21st, 2009 | #593 | |
Administrator
|
Quote:
|
|
June 21st, 2009 | #594 | |
Radio active
Join Date: Jul 2005
Location: Gone to work on the lemming sites against Big Jew.
Posts: 9,439
Blog Entries: 2
|
Quote:
__________________
The average kwan is of such low quality that he'd shoot himself if he had any self awareness. -Joe from Ohio |
|
June 21st, 2009 | #595 | |
Enkidu
Join Date: Dec 2003
Location: Under the Panopticon.
Posts: 4,297
|
Quote:
I think that you are correct, but I bet if this situation arises, there will at least be an attempt to pass laws allowing the mortgage issuers to adjust loans, even those made years before. Or maybe I'm only paranoid. I just don't think that entities with the power banks have, would sit and let homeowners pay off mortgages with pocket change. One set of rules for the rulers, another for the ruled. Gee! Should I buy that Snickers bar? No, I think I'll pay off my home mortgage, instead. Mike
__________________
Hunter S. Thompson, "Big dark, coming soon" |
|
June 21st, 2009 | #596 | |
Radio active
Join Date: Jul 2005
Location: Gone to work on the lemming sites against Big Jew.
Posts: 9,439
Blog Entries: 2
|
Quote:
__________________
The average kwan is of such low quality that he'd shoot himself if he had any self awareness. -Joe from Ohio |
|
June 22nd, 2009 | #597 | |
Radio active
Join Date: Jul 2005
Location: Gone to work on the lemming sites against Big Jew.
Posts: 9,439
Blog Entries: 2
|
Quote:
__________________
The average kwan is of such low quality that he'd shoot himself if he had any self awareness. -Joe from Ohio |
|
June 22nd, 2009 | #598 |
Senior Member
Join Date: Dec 2003
Posts: 4,229
|
That's frightening stuff, Joe J. I'm a connoisseur of doomerism around the Internet, and there's a lot of chatter that something is going to happen this summer. Of course, there's been a lot of predictions that "something is going to happen in the near future" and it didn't happen. I'm guilty of it myself.
But I think it's going to happen -- I guess something like a "national Katrina" soon enough. And I got to say, the national Katrina is going to change the culture in our direction very much -- it's going to be very good for our cause. Whites are going to be pushed off the fence, so to speak. Here's a couple things for you all to look at: http://www.telegraph.co.uk/culture/c...k.html?image=2 |
June 22nd, 2009 | #599 |
Radio active
Join Date: Jul 2005
Location: Gone to work on the lemming sites against Big Jew.
Posts: 9,439
Blog Entries: 2
|
Kievsky, Bob Chapman has saved me money. He's a smart guy. Counterintel in the military in the 50s, I think. Worked in stocks after that. Now big on gold. I catch him on shortwave. So far, he has a really good track record.
We know that the current system is false and built on the jews' smoke and mirrors and lies. Nothing the jew does is ever permanent or true. So, like you, I think it is high time for a fall. Also, check out: Welcome to Jim Sinclair's MineSet http://www.enterprisecorruption.com/ and it's forum: http://www.wiredpirate.com/forum/index.php Up to date Hungarian world monitoring site. Shows natural/man-made disasters, pestilence, etc. RSOE EDIS - Emergency and Disaster Information Service
__________________
The average kwan is of such low quality that he'd shoot himself if he had any self awareness. -Joe from Ohio |
June 24th, 2009 | #600 | ||
Radio active
Join Date: Jul 2005
Location: Gone to work on the lemming sites against Big Jew.
Posts: 9,439
Blog Entries: 2
|
It's "OH, SHIT" time for California.
Footage of rampaging muds that didn't get a welfare check coming soon???
Quote:
Quote:
__________________
The average kwan is of such low quality that he'd shoot himself if he had any self awareness. -Joe from Ohio |
||
Tags |
put on glasses |
Share |
Thread | |
Display Modes | |
|