Who's Responsible For All The Mortgage Failures

deportliberals · Congressman Joined: 26 Jan 2007 Posts: 704

The current rash of mortgage failures & foreclosures are the direct result of a small increase in mortgage lending rates...less than one percent.

Normally, mortgage failures are due to job loss, divorce or serious medical ailments.

However, this time, we have all the liberals screaming and yelling that these mortgage failures are the fault of the lenders. You see, in the world of idiot liberalism, YOU are not held accountable for you actions or your financial decisions in life. In la la land, you will always be a victim when you screw up...commit murder, robbery, assault & battery, DWI, write bad checks, take out loans that you can't repay, etc and the liberals will always
find someone else to blame because criminals and screwups are always victims in the twisted minds of liberals.

So, in this case, where all these adults signed mortgages that clearly said YOUR MONTHLY PAYMENTS WILL GO UP IF INTEREST RATES GO UP the liberals are blaming the lenders instead of THE STUPID MORONS WHO WILLINGLY SIGNED THESE MORTGAGES. Instead of telling these idiots who took that money (knowing that interest rates would inevitably go UP) to go pound sand and learn to live with the consequences of their decisions, the liberals want to portray these nutwads as VICTIMS who somehow got ripped off by the mean lenders.

Not one of these sh*theads who loses their house because of buying variable-rated mortages in a low-interest market (where the interest rate can only go up) should be given an ounce of sympathy. It is not the job of the american people or our gov't to protect stupid people from themselves or to protect greedy people from themselves.

Good conservatives and good capitalists will show up at the foreclosure sales of these moron's homes and get great deals buying these losers properties. Capitalism and free markets are the cornerstones of our freedoms and our rights.

Beststash · Mayor's Aide Joined: 23 Dec 2006 Posts: 76

I often speak to my mother regarding anarchist ideals, and the one ideal she really has trouble getting her head around is the "no private property" ideal, but only a few days ago I think I cracked it (in my own head, not hers).

Simply put, private property is a lie, take the TX housing market as a case in point. When I purchased my house, I was charged a ridiculous amount of money for it, and now a little over five years later, my property is worth over three times that value. It's quite clearly a con, as material objects do not increase/decrease in value except due to governmental-meddling, and bank-meddling. If there were no banks and government, there would be no increase/decrease.

I would be only too happy to share my property with my community once the pre-conditions for anarchism were set. That would mean no interest-earning banks, no paper-money, no government taxation, no authority. It wouldn't be "my" property at that point of course, and my mortgage wouldn't require repayment.

And before anyone decides to call me a middle-class anarchist, it should be noted that I have lived for over two years from day-to-day not knowing where my next meal would be coming from (usually from supermarket bins TBH), as well as squatting in a non-heirarchical community (or squat). Yes, there was trouble from time to time, but the community dealt with it. It really was that simple. The community is able to look after itself, from threats both internal and external, without the need for some higher authority figure to take control (such as the police - who did pay us visits from time to time, but for their purposes alone).

I'm surprised that so few people understand how easy it is. Often anarchists are faced with questions of "murder", etc. The anarchist community can deal with it, but not stop it (same as the archists).

I'm rambling again, but I've been drinking again so... Very Happy

deportliberals · Congressman Joined: 26 Jan 2007 Posts: 704

marvinbighead · Congressional Page Joined: 29 Mar 2007 Posts: 22

Apparantly it is illegal to discuss anarchy in america,this is a post 9-11 law.So I cant say anything.Scarey eh/

deportliberals · Congressman Joined: 26 Jan 2007 Posts: 704