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The end is near!
Hi everyone, Lets get this straight. No matter how bad a job you do running your business, when it all starts to go down the toilet you just plead to the head rich guy and he quickly makes a deal for the goverment to pick up the tab. As in you and me,the tax payers, have to make sure the rich CEO doesn't lose any money. Hey i've got a good idea. Will get people that can afford a $50,000 house and will get them a mortgage for $100,000 or $200,000 that they can't afford to repay and then we will take a bunch of those and bundle them and call them investment grade and sell them to any bank etc as an investment. Then when it all goes south see above. Just think. It only took from 1929 to 2008
to go 360 degrees . So here we are, eight years down the road and the economy sucks, we are the laughing stock around the world, and we have killed four thousand plus americans in Iraq and hundreds of thousands of Iraqs for nothing. Well i'm here to tell you that if you haven't registered to vote its not to late. Once you have done that make sure you vote. If tou not going to be in town on November 5th get an absentee ballot and do it now. Take care, BOBB P/S Oh ya, the dollar isn't worth the paper its printed on. "B" Last edited by Bobb; 09-22-2008 at 08:48 PM. Reason: Spell check |
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Re: The end is near!
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#3
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Re: The end is near!
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if you can't afford a $200,000 house ...... DON'T BUY ONE! if you can't afford the monthly payment for a 30-yr fixed loan ...... DON'T GET AN ADJUSTABLE RATE MORTGAGE! i thank the idiots living larger than they can afford. we were offered to borrow up to $400,000 when we applied for a mortgage when looking for our next house. guess what? we're not going to mortgage even 1/3 of that. even crazier, i have actually SAVED a lot of money towards a nice down payment. amazing!
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Alan 1987 928 S4 (Black) SOLD! 1997 SVX LSi (Ebony) SOLD! 2005 Legacy GT (Silver) [Cobb Stg 2+] SOLD! 1987 928 S4 (Black) SOLD! 2005 Forester XT Premium (Crystal Gray Metallic) SOLD! 2008 Lancer Evolution X MR (Apex Silver) [Cobb Stg 1+] 2015 Outlander Sport 2.4GT AWD (Mercury Gray) 2013 G37xS (Obsidian Black) |
#4
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Re: The end is near!
Hi Alan, But you being a former SVX owner have already shown how sharp you are. On the other hand, someone driving say an "Echo" goes to the bank, and is told, GOOD news! You have a better credit score than we thought. You have a 12, and you thought you only had a 10. Sooo we can get you a much better deal than you thought,etc. Ya, I know a lot of these people didn't look into the deal very carefully. But who looks out for these people. Not the guy at the bank etc. For a lot of people the biggest thing they buy is a used car. You mean everyone doesn't pay by the week? We had a dealer in Detroit selling cars and doing the financing. He had a gadget that he could turn the car on and off. If the buyer didn't show up with the payment he just turned the car off. Sometimes people were flying down the E-Way and the car stopped running because they were late with their payment. Other times cars stopped for no reason because the system malfunctioned. No , any publicity is not good publicity. Am I my brothers keeper? I don't know, maybe I should be. Take care, BOBB
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Re: The end is near!
All I know is that as I (along with everyone else) am now being stuck with a titanic sized boatload of poo, I want to see people go to jail. Even if they can't be convicted I want to see Barney Frank, Chuck Schumer, Obama, former CEO's at the very least have to take a perp walk and get humiliated. These congressmen that were conducting the questioning today and who we are relying on to "fix" the problem, THEY should be the ones under investigation. You have politicians taking HUGE amounts of money from Fannie Mae and Freddie Mac (Obama and Frank being the two largest recipients) while others pass legislation making it harder for banks to turn people away for mortgages due to what could be interpreted by some two-bit lawyer as "discriminatory practices".
We are now expecting these people to save us? We do need a cortisone shot of liquidity in the market, but we also need to separate the corporate wheat from the chaff and then just let the chaff burn. P.S. I know I singled out Democrats only in the above statement, but do not take that as a sign that I believe that they are the only ones at fault. PLENTY of Republicans are at fault as well....
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Former: 1994 Barcelona Red(x2), 1995 Brilliant Red, 1992 Liquid Silver, 1992 Ebony(x2), 1992 Pearl White (x2) Current: 2017 Ford Raptor 2017 Kawasaki KLR 1995 Guards Red Carrera 1995 Spec-ish Miata - track car 1957 CJ-5 |
#6
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Re: The end is near!
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Lee
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SVXx2 92 SVX LS-L Silver 92 SVX LS-L Burgundy (structurally challenged with 2792 miles) 96 SVX LSi Red 92 SVX LS Pearl (Parts) 01 F150 4X4 Red (+6 with other members of the family) FREEDOM IS NOT FREE |
#7
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Re: The end is near!
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Lee
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SVXx2 92 SVX LS-L Silver 92 SVX LS-L Burgundy (structurally challenged with 2792 miles) 96 SVX LSi Red 92 SVX LS Pearl (Parts) 01 F150 4X4 Red (+6 with other members of the family) FREEDOM IS NOT FREE |
#8
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Re: The end is near!
Funny thing my brother has been telling me for months "buy more ammo, buy more ammo" it will be worth more than the dollar in the coming months if the s**t hits the fan. I blame everyone from the banks, realtors, investors and politicians for letting this all get out of hand. Realtors overvalued property to increase their commision, banks went along with this and borrowed more money to people who were basically way over their means of repaying, investors(which includes the Federal Reserve) dropped interest rates to fuel the boom and finally politicians who sat back and got nice little kickbacks from all of this. John Mccain(who the F**K needs 7+ homes anyway!?) Jesus H Christ and Barack Obama(shady deals there too) good luck fixing the mess you a$$holes have created. Plan and prepare for the worst.....its coming. Buy your ammo and sight your guns in Im keeping what I have bought and paid for the banks can have my fuggin house after "investing" my hard earned money in bulls##t. Im going to my cave in the woods and getting ready to live off the land......anyone is welcome to join
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1992 SVX LSL Ex wifey has it now pending self destruction 2001 Legacy mods to come 1992 Subaru Legacy 2.2 214k Boob wheels CANT KILL IT |
#9
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Re: The end is near!
$2,500 is the quote to get my 95 SVX up and running strong again. I'm paying for it in Gold Bullions, or gas. whichever is worth more in a few months. Then I'm going to Mexico.
The perfect car for never ending desert roads with no speed limits.
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Red 95 SVX LSi |
#10
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Re: The end is near!
Actually these belong to Cindy McCain and if you check some are income producing. THANK GOODNESS FOR PEOPLE LIKE CINDY MCCAIN. She had income of just over $6M and paid OVER $2M in TAXES. Its business people like this that take most of the tax burden off of the rest of us to support the non workers.
Lee
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SVXx2 92 SVX LS-L Silver 92 SVX LS-L Burgundy (structurally challenged with 2792 miles) 96 SVX LSi Red 92 SVX LS Pearl (Parts) 01 F150 4X4 Red (+6 with other members of the family) FREEDOM IS NOT FREE |
#11
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Re: The end is near!
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amazing.....on your list of blame you still see no reason to fault the morons who thought they could live beyond their means and get a mortgage they could never afford. "hey, i'll buy a house i can't afford. damn politicians and banks!" "hey, i'll buy a car i can't afford. damn politicians and banks!" "hey, i'll max out credit cards i can't afford to pay off. damn politicians and banks!"
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Alan 1987 928 S4 (Black) SOLD! 1997 SVX LSi (Ebony) SOLD! 2005 Legacy GT (Silver) [Cobb Stg 2+] SOLD! 1987 928 S4 (Black) SOLD! 2005 Forester XT Premium (Crystal Gray Metallic) SOLD! 2008 Lancer Evolution X MR (Apex Silver) [Cobb Stg 1+] 2015 Outlander Sport 2.4GT AWD (Mercury Gray) 2013 G37xS (Obsidian Black) |
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Re: The end is near!
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1992 SVX LSL Ex wifey has it now pending self destruction 2001 Legacy mods to come 1992 Subaru Legacy 2.2 214k Boob wheels CANT KILL IT |
#13
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Re: The end is near!
Interesting read on who is really at fault for the current financial mess.
http://therightperspective.com/wordpress/?p=80 I will be the first to admit that it is a conservative leaning site but everything in it is common knowledge or can be easily verified by simple searches. Lee
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SVXx2 92 SVX LS-L Silver 92 SVX LS-L Burgundy (structurally challenged with 2792 miles) 96 SVX LSi Red 92 SVX LS Pearl (Parts) 01 F150 4X4 Red (+6 with other members of the family) FREEDOM IS NOT FREE |
#14
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Re: The end is near!
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HAHAHAHAHAHA. More like fell over. Either way... the article is interesting.
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Chris SVX World Network Administrator -1993 Subaru SVX LS-L, Barcelona Red, #46, 160,000+ Miles (Sold to SomethingElse) -2011 Toyota Sienna SE, Black, 30,000+ Miles (Swagger Wagon ) -2002 BMW R 1150R ABS, Black, 26,000+ Miles (Daily Driver ) SVX Owner from February 1997 to March 2008 SVX Online Community Member since February 1998 SVX World Network Member since February 2002, Member #520 Life is a game. Play to win. The world belongs to those who can laugh at it. |
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