Forum Post: Hit wall street in the gut
Posted 12 years ago on Nov. 2, 2011, 2:59 p.m. EST by Armygirl7
(2)
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Give Federal bankrupcy judges to right to modify mortgages in court! We need to start demanding the changes to save our economy, this is the first step. Help others, help ourselves-demand this right to Federal Judges that was stripped away by our supreme court two years ago. We are the intellegent movement-lets do the job, the banks were given our money to do-Demand Modification in Bankrupcy!
Wall Street? You might want to look into who it is that owns mortgages. Most of them are backed by the federal taxpayers, others are owned by banks and investors across the country. Mutual funds own them. They're in 401k plans. Foreign investors own them. Pension funds for companies and state and local governments own them. Foundations own them. You haven't the slightest clue in the world about whose "gut" your hitting. Lots of air and little knowledge... typical.
Our public form is not about hate, but equality-please do not post the hate mail-post postive, pro-movement-lets git it done! lets get wall street to pay their fair share.
So just what is their "fair share"?
Our public form is not about hate, but equality-please do not post the hate mail-post postive, pro-movement-lets git it done! lets get wall street to pay their fair share.
I totally agree!!! What happened with the housing market was illegal and similar to a pump and dump. Home prices never rose so quickly as they did from 2002 to 2008. Homeowners underwater Will never be whole again and modifying their mortgages is the only fair thing to do.
How is it fair?
How was it fair to pump the market up to almost double of fair market value??? Pump and dump.
Yeah, people had the right to a market that never fell. The big meanies shut off the machines and that was wrong of them.
No,I meant if underwater homeowners get their mortgages redone how is that fair to those of us who have made our payments?
Who are you talking about?? People who paid off their loans they received in the 2002 - 2008 time frame?
No I'm talking about those of us who have taken a loss on our homes but are still making our mortgage payments every month. How is it fair that some get to refinance but we don't?
Anyone who bought a home during that time period should be eligible in eyes. No matter if you are current or not. Everyone was a victim of this pump and dump.
It's interesting though that through my decision making my house is still worth more than I bought it for even with losing $17,000 dollars of its value. Could it be that some of the "underwater people" made very poor decisions in their purchase?
Where is your home located??? When did you buy??? If you think this bubble is completely deflated you are wrong.
Modest brick ranch in Ohio (one of the states heaviest hit by the recession) bought in 1996. As for the bubble,well,only time will tell. Neither you nor I can say with any certainty whether it's over or not.
You bought at a low in housing market in 1996 and still underwater 17 grand.
No I'm still ahead $13,000 over the purchase price.
Fair to OWS is what's mine is mine, what's yours is mine. Mine,Mine,Mine,Mine or I Will Whine,Whine,Whine!
Misguided in deed...
Bankruptcy judges are there to look out for the interests of creditors and ensure equitable distribution of remaining assets not to look after the party in default.
Facts are an antithesis to emotion.