Forum Post: Talking Points
Posted 13 years ago on Oct. 8, 2011, 7:48 a.m. EST by remnus
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- All foreclosures are frozen
- The banks and if necessary Fannie Mae and Mac take the write downs
- All individuals who were foreclosed on are given back their homes
- All conforming mortgages (less than 250k) are reset to 4% apr for 30 years and the principal reduced by 50%
- All jumbo loans are reduced buy 25% and the interest reset to 4.5% aprf for 30 years
- All home equity loans are reduced by 50% (written down by the lenders/banks) and the interest rate set at 2.5% APR for 20 years
Since banks decide your loan approvals by credit scores, then I have to say the banks credit score is pretty damn low with how the first bailout unfolded. It did nothing to "stimulate." So why use our tax money to loan them again?
And many people talked in 2008 about using the bailout money for the people. If the bailout would have went to the people specifically to reduce their overall debt, that money still ends up back to the banks. And reduced debt means the people could survive on these lower wage jobs currently available.
Dude shut up! Stay on message. We're supposed to be asking for goodies and treats here. Free living NOW! I shouldn't have to work and I should be able to live in a mansion with 1000 servants, a fleet of jets (like the bitch who owns ketchup), 12 Ferrari cars and a BITCHIN' STEREO!
Here's what we need: Term limits - 2 terms and gone, to limit corporations ability to corrupt. Line item veto - to allow a president to cut the pork. Force congress to be subject to the laws they pass. No waivers. Federal referendum.
I believe that we should go further to limit corporations ability to corrupt. Get the money out of the political system altogether! 1% buys their representation and the government acts accordingly. The system is the problem. 1% buys their representation and 99% are left with the crumbs. If we separate money and state, all other things become possible! And the possibilities are endless! That is the shining light of democracy which has become dimmed by monied influence in our governement.
But ... how? This movement is all over the place. So many voicing discontent, so few realistic solutions. I think these four things can bring about real change, and they are all realistic. Both sides of the aisle will go for some of them. We can get these as a start, and then see real change!
How? You and I are doing it now! If you believe in the shining light of democracy at the end of the tunnel - go tell 2 people, 10 people, or 100 people! And so on!
Even if we could accomplish these 4 things, the root problem would still exist. If we solve the root problem we could accomplish so much more! And it would work forever to solve the next 4 problems! Tell 2 people! Trust democracy to work and fight for that democracy if you believe in it too! The 1% have the wealth. The 99% have eachother! We will be heard if we all sing the same song! Tell 2 people! Tell more. We can do it!
What about those who are saving for a down payment? Doesn't this just reward irresponsibility?
There is no funding for this. And it is a terrible idea. The mortgage crisis is a result of banks trading debt as derivatives(somewhat like stock trading.) Regulating them so this sort of hugely risky process is not possible and severely punishing those that break the rules would be a much better step.
But then we wouldn't get our free stuff! Come on man, stay on message! Power to the people! Down with bankers! (Replace the word 'Bankers' with 'Jews', read a little history and you'll see what OWS would get you if it got its way.)
Why in the world would anyone want to do this. So what you are saying is that I can go to a bank, Buy a house that I can not afford, sign a contract and agree to pay for it, then borrow even more money against it knowing I can not pay it back,,, Then as a reward for being irresponsible,,, I get it all for half price. WOW what a deal. Some of the points your group make are valid points ,,IE political contributions etc,,,, However, when you post garbage like this, it demeans the validity of OWS.
Also, replace the word 'bankers' with 'Jews' and read a little history. The 99% aren't going to be fooled by this bullshit a second time. We're not buying your class hatred rhetoric or your scapegoating. We're buying guns to protect ourselves.
What are you talking about? This IS OWS! OWS isn't against crony capitalism or stealing, they just want to be the beneficiaries.
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