22 Arrested for Protesting ‘Wall Street Criminals’ Outside LA Bank
- Posted on December 17, 2010 at 7:26am by
Jonathon M. Seidl
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LOS ANGELES (The Blaze/AP) — Police arrested 22 demonstrators who blocked entry to a downtown Chase bank branch Thursday to protest what they said were unfair home foreclosures.
The demonstrators, which included homeowners facing foreclosure, community advocates and labor leaders, silently allowed officers to bind their wrists behind their backs with plastic restraints and guide them into a police van.
Dozens more demonstrators chanted and marched on a nearby sidewalk holding sighs that said “Stop Bank Greed, Save Our Neighborhoods” and “Save Homes Arrest the Wall Street Criminals” as the 12 men and 10 women were taken into custody.
Detective Gus Villanueva said there were no injuries to police or protesters, who would be cited for trespassing and released.
Alliance of Californians for Community Empowerment member David Mazariegos said the demonstrators hoped to bring attention to the plight of people who were unjustly losing their homes.
He said banks‘ failure to modify many borrowers’ loans puts them in violation of the Home Affordable Modification Program in which lenders agreed to participate as part of the bank bailout.
“The banks are not helping anyone stay in their homes,” Mazariegos said. “It’s highway robbery, what they’re doing to these people.”
ACCE director Amy Schur said the groups were singling out JPMorgan Chase & Co. because most of the borrowers whose foreclosures and evictions they are contesting are serviced by that bank.
A Chase spokeswoman did not immediately return a phone call Thursday.




















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Comments (85)
Tyr
Posted on December 17, 2010 at 11:15amAre these people going to get their way? Yes, if they keep it up long enough, if they are loud enough and their ranks are big enough! They sure will!
I pose this question to all my fellow keyboard commandos!
When are the working people of America that are supporting this Socialist/Marxist regime (against their Will) going to say “enough” and take to the streets? Are they going to protest when the internet becomes censored? Not likely. How about when the government passes more legislation to interfere more over their personal lives? Nah. How about when the Socialist/Marxists drive our economy into hyper-inflation, collapse the economy and you can’t even afford shoes or groceries? Never happen!
Why? Because we so called “Patriots” are collectively a bunch of cowards! But you just keep writting those letters to your Congressman O.K.!?
Report Post »Mikee T
Posted on December 17, 2010 at 12:56pmAgreed………but it has to be regular “working class” americans alike…….ALL ETHNICITIES….white, black, asian, hispanic, middle eastern descent……everyone…we constitute the majority by a long shot…how can we get the masses to unite and derail……see article below….
.Andrew Trees / We have what John Adams feared — a nation governed by the rich
“Swilling the planters with bumbo” was what it was once called – the Colonial American tradition of treating voters with gifts during election campaigns, particularly plying them with rum (including a concoction known as bumbo). Virtually everyone who could afford the practice did it, including George Washington, who served 160 gallons of rum to 400 voters during the 1758 campaign for the Virginia House of Burgesses. Needless to say, this was a prohibitively expensive way to campaign, and it meant that politics was largely the preserve of the rich.
I was reminded of this phrase when a recent Center for Responsive Politics study of 2009 data found that 261 of the 535 members of Congress were millionaires (this probably understates the actual number because members of Congress aren’t required to report their homes as assets). When looking at both houses together, the legislators weighed in with a hefty median income of $911,000. For the Senate alone, median income was an astounding $2.38 million. This is not too shabby when the median household income in America is roughly $50,000.
In other words, politics has increasingly been turned over to the wealthy.
We have even returned to the practice of “swilling the planters with bumbo.” Although election laws prevent the crude bribery of Colonial times, Americans appear perfectly comfortable with people spending their personal fortunes to buy – if they can – their way to election. Meg Whitman spent more than $160 million – $140 million-plus of which was her own money – in a failed effort to seize the governorship of California, or roughly $50 per vote. Rick Scott lavished more than $70 million of his and his family‘s fortune to snare the job as Florida’s governor. Both campaigns seem like a relative bargain compared with Michael Bloomberg, who spent $102 million to win a third term as mayor of New York, or roughly $174 per vote.
This is not simply a local or state phenomenon. Mitt Romney spent more than $40 million in his losing bid for the Republican presidential nomination. Even Hillary Rodham Clinton, who had a well-established fundraising machine, lent $13.2 million to her campaign for the Democratic presidential nomination.
Although many self-financed candidates end up losing, they scare off competitors of more modest means.
This unfortunate trend of the wealthy monopolizing higher office shows no sign of slowing. Election financing laws continue to erode, and income disparities seem likely to grow for the foreseeable future.
John Adams railed against this development more than two centuries ago. At the time, the prevailing view was that government positions should pay little, if any, salary so that only men with virtuous intentions would fill them. But Adams pointed out that this so-called solution did not ensure the election of virtuous men, only the election of rich men. Simply paying a reasonable salary, he argued, was “one of the best securities of liberty and equality.”
Adams’ great fear was that we would have what he called “an aristocratic despotism”: the possibility of “the rich, the well born and the able acquir(ing) an influence among the people that will soon be too much for simple honesty and plain sense.” In typical fashion, his judgment of that aristocracy was unstinting in its harshness. He wrote of “the weakness, the folly, the pride, the vanity, the selfishness, the artifice, the unbounded ambition, the unfeeling cruelty of a majority of those (in all nations) who are allowed an aristocratical influence.”
Over time, most Americans came to agree with Adams, and that is why public office now comes with a regular salary, health benefits and all those other attributes we associate with most jobs (ironically, those benefits are becoming increasingly rare for nongovernment employees).
With the modern return of the practice of “swilling the planters with bumbo,” though, we now find ourselves in a new age of aristocratic despotism. You need only study income distribution over the last quarter of a century to see that the nation’s policies have been slanted overwhelmingly in favor of the rich. Between 1979 and 2004, the after-tax income for the top 1 percent skyrocketed 176 percent, according to the Congressional Budget Office. How did the bottom fifth do? They squeezed out a measly 6 percent gain.
Adams probably never imagined that electioneering would grow into the unwieldy beast that it now is, in which even local and statewide races gobble up tens of millions of dollars. It is no wonder that political offices are sliding ever more firmly into the hands of the wealthy. Adams would undoubtedly survey the scene and find it as full of weakness, folly and selfishness as it was in his own day.
As he warned back then, you get the politics you pay for.
Andrew Trees is the author of “The Founding Fathers and the Politics of Character.” He wrote this for the Los Angeles Times.
We need to unite as a nation of WE THE PEOPLE…against those who govern us….It is our right to fix our government when it becomes something that exists against the will of the people…“Aristocratic Despotism” has long been a problem….what are you prepared to do ?
Report Post »tobefreeinmt
Posted on December 17, 2010 at 11:04amSo it begins. Are we ready? Best get on your knees and settle with the Lord…..just in case.
Report Post »crossdraw
Posted on December 17, 2010 at 10:46amThere you go. Community Activist just like “that thing that calls itself president.” Whiz bangs one and all. The arrests surprise me. sharpton must not have been there to charge the cops with racism
Report Post »CoolCal1924
Posted on December 17, 2010 at 10:18amHow many of those “protesters” have a mortgage with Chase? Highly probably none do. These are professional anarchists reading scripts in front of TV cameras attempting to create a backlash against America and Americans.
Report Post »Uncle Sambo
Posted on December 17, 2010 at 10:41amWhen this whore nation returns to gold standard enshrined in the US Constitution I’ll agree with you. Otherwise these banking institutions look like government sanctioned criminal enterprises to me.
Report Post »ETOOL USMC RECON
Posted on December 17, 2010 at 11:02amBut Uncle Sambo, I agree to going back to a standard, and no more monetizing, or QE2 crap but most of the current financial trouble leads back to Fannie Mae and Freddie Mac. The criminals in charge: Fwank, Dodd, Kennedy, Raines (he recieved a $100 million dollar bonus for this crime) put the heat on any bank that would not make loans to inner city areas filled with drugs and crime, known as Red Line areas. The Fed Regulators told the banks point blank….MAKE THE LOANS or get auditted on a regular basis with more scrutiny than ever. Nothing wrog with an sudit but this was nothing more than thuggery. And the self serving criminals (libs) did this to continue to pimp the minority inner city vote.
Report Post »We need to get big brother OUT of the mortgage biz.
Disabledvet
Posted on December 17, 2010 at 9:39amHow about this Quit buying homes you can’t afford, buy beneath your means, save some money and not worry about making the payments, pay the house off early and live debt free, and maybe get a job instead of spending your days protesting. any job even fast food is better then relying on the government to feed and take care of you,
Report Post »untameable-kate
Posted on December 17, 2010 at 9:52amAgreed, My sister and her husband bought the biggest house they could afford, if anything happens to either one of them, as in getting laid off, getting their hours cut, God forbid they get hurt, it all goes down the toilet. I bought a house that fits my family, Two bedrooms, two baths, under one thousand sq ft and I have enough to have savings and play things. Just makes more sense to me.
Report Post »Uncle Sambo
Posted on December 17, 2010 at 10:37amHow about if the banks stop lending money that they created out of nothing. I am sick of watching my savings being stole from inflation.
Report Post »hauschild
Posted on December 17, 2010 at 9:35amThis is a prime example of what happens when you introduce government into economics – things go horribly awry.
I can’t believe anybody with even an 8th grade education cannot grasp these simple,fundamental truths. How can anybody be so intentionally idiotic? Why don’t people care to understand this?
It’s amazing that in this day and age and with readily available information, that liberals are even relevant any longer, let alone thriving. It’s mind boggling.
Report Post »Room 101
Posted on December 17, 2010 at 9:26amAnd so it begins…
Report Post »dontbotherme
Posted on December 17, 2010 at 7:54pmRoom 101… You are correct. A protest here, a protest there. Add a little more violence each time & we have the European riots on our soil. All they need is any excuse available. I hope we stand firm.
Report Post »poorrichard09
Posted on December 17, 2010 at 9:11amBy the way, do they know 0bummer, Dodd, Barney Fwank are bought and paid for by the criminal bankers??
Report Post »poorrichard09
Posted on December 17, 2010 at 9:07amMost of these people probably had NINJA loans:
No Income No Job or Assets and had no business buying a house in the first place.
http://www.oathkeepers.org
Report Post »lot21
Posted on December 17, 2010 at 9:04amWell, Wall Street bankers are at the heart of the New World Order. Acorn and those commie losers suck but the bankers engineered this crisis.
Report Post »TexasCommonSense
Posted on December 17, 2010 at 8:47amMake your house payments, avoid unnecessary debt, and keep an emergency fund large enough to pay your mortgage for at least one year. That’s how you keep your house from being foreclosed. Sounds like common sense to me…
Report Post »Sgt.Crust
Posted on December 17, 2010 at 10:06pmyes and yes, but also, don’t buy a house beyond your means, LEARN the diffrerence between an ARM and FIXED rates!!! And more than anything else GET THE FREAKING progressives out of our business! They are screwing EVERYTHING UP!
Report Post »Gonzo
Posted on December 17, 2010 at 8:35amBottom up.
Report Post »Uncle Sambo
Posted on December 17, 2010 at 9:00amPoor poor banking shysters. Banking institutions will be the heart and sole of the coming hyperinflation.
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
Thomas Jefferson, (Attributed)
Report Post »rfycom
Posted on December 17, 2010 at 8:32amWe need more of this PEOPLE.
Report Post »mikenleeds
Posted on December 17, 2010 at 8:31ampay your bills you bunch of free loading bums you want be losing your houses ,,,, quit asking for everyone to give you welfare free loaders
Report Post »Uncle Sambo
Posted on December 17, 2010 at 9:16amWhat about those A Holes that profit from the corrupt fractional reserve banking system. What a racket. The banks create money out of nothing. Where the loan the money to government for usury payments. The marks, I mean the suckers, (YOU) are saddled with the privilege of having your pockets picked to payoff the principle and interest to these hucksters. Plus, you have the added pleasure of watching the resultant inflation erode your savings.
Yep, America is the best whore in the whole world. You could have been screwed by China. Oh wait a minute; you just might.
It is time to toss out our rulers and play a honest game. We need nation that manufactures something of real value. Entrepreneurs that get rich the old fashion way. That they earn their wealth by coming up with a legitimate product or service. We don’t need con artists that use the corrupt government to enshrine their rackets into law.
Report Post »jedi.kep
Posted on December 17, 2010 at 8:23amWhy are there foreclosures? Interesting question. If I pay my mortgage, no one bothers me. When I fall behind, I get a great deal of phone calls wondering when I’ll be paying them. If I get two months behind, I get a great deal more phone calls. If I don’t pay, they foreclose on my home. Hmmmm. I’m trying to figure out what is so unfair about this system? If I submit myself to a bank loan and can’t pay, the bank is supposed to let me keep on living there? Riiiiiight.
“Logic! *sigh* What are they teaching kids these days?”
Report Post »rfycom
Posted on December 17, 2010 at 8:32amWhat are we teaching kids? Nothing. Our educations systems sucks.
Report Post »SgtB
Posted on December 17, 2010 at 9:45amExactly, it‘s like they don’t see the connection between the decisions that THEY made to buy a home that was out of their budget while at the same time not making themselves an asset to their employer. Sometimes idiots have to be burned by fire to learn to respect it. The banks are far less culpable in this than the individuals who took out the loans, especially when those ******** were voting aholes in office who would demand that banks make loans to riskier groups than they would have otherwise. All that said, I still hate Bank of America and think they should be driven out of the business with torches and pitchforks. My wife had an account with them that she started in Fl, we moved to Ca and she tried to close the account. They apparently couldn‘t do it because her account was based in Fl and their computer system wasn’t conected. Long story short, after finally closing the account, we received a bill from Bank of America for having an overdrawn account. It took them over 6 months to close an simple checking account. I’d love to see how bad they screw up a mortgage.
Report Post »capitalismrocks
Posted on December 17, 2010 at 8:20amBoo hoo hooo…. I bought a Lamborghini when all I should’ve bought was a Honda Civic and I could never afford to pay for it… boo hoo hoo, now the bank actually wants to take away the collateral because I can’t stick to the contractual agreement and nobody is coming to my rescue to bring my payments down so I can keep my Lamborghini… boo hoo hoo, where is my automotive justice, whine, whine whine….
Report Post »Stu Pedaso
Posted on December 17, 2010 at 8:17amYour losing your home because you missed several payments. You probably bought a home you knew you could not afford. The bigger question is why was this allowed in the first place. Black, white, brown, or yellow if you can’t afford it you should not be living in it. It is not your right to own a home. It is a privilege. I understand you have been lied to for so long, but time to face the music. Punish the ones that caused the problem. Not the ones that were forced into giving bad loans.
Report Post »nathanhale
Posted on December 17, 2010 at 8:17amAdmittedly, their anger is misdirected. However, judging by the video, they did go peacefully. L.A. protests usually don’t end that way. That said, the people that they need to hold accountable are the ones who promised them the moon in the first place. Most companies are up front when they do business. And it IS business. It’s not personal. These people were duped into believing that the candidate (criminal) they voted for would cure all that ails. THAT was personal. They knew the deal when they signed the contract. It was the politician that told them that the rules would change if they would just vote for him/her. That’s where these people should be directing their ire. Instead of, “Why so many foreclosures in Santa Clarita?” they should be asking, “Why did you promise us the moon when you knew you couldn’t deliver?”
By the way. There is a high rate of foreclosures in Anytown, CA. because it costs at $300,000 to buy a two bedroom, one bathroom shack just outside of a gang neighborhood. If you live in a suburb the cost is even higher. Real estate prices are ridiculously high in California. I got my first taste of it in San Diego back in the nineties. A friend moved into a one room apartment with a communal bathroom on the beach and paid nearly $3000 a month. Best guess: 200 sqare feet. It was a closet. He even had a roomate! It was sad at best. In Las Vegas, in 2006, I could have paid $220,000 for a very small 2 bedroom house with easter basket grass (not kidding) in the front and back yards. Doesn’t sound so bad. Right? Untill you realize that just behind the house across the street is a trailor park that is best known for three things: 1.)The smell. Like a sewage treatment plant for several surrounding blocks. I swear. 2.)Drug busts. About once a month at best. At worst, once a week, and 3.) Meth Lab Explosions. This particular trailor park averaged about one meth lab explosion per year since 1999. All for the insulting price of $220,000.
Report Post »NancyBee
Posted on December 17, 2010 at 10:56amEaster basket grass? What an image! The rest of your comment sounds normal…unfortunately.
Report Post »mcmeador
Posted on December 17, 2010 at 8:08amWhat exactly are these “unfair” home foreclosures they speak of? Did the banks kick them out despite the fact that they were paying their bills on time every month? I doubt it…
Report Post »untameable-kate
Posted on December 17, 2010 at 8:30amKills ya doesn’t it? If you don‘t pay you can’t stay. Period. These a-holes really tick me off. The entitlement crowd is getting more and more demanding all the time. Remember how, once upon a time, if you failed at something you got up, dusted yourself off and went right back to work untill you succeeded?
Report Post »AzDebi
Posted on December 17, 2010 at 7:54amJust love these “spontaneous, grass-roots movements“ where they carry ”mass produced“ signs and ”high tech PA systems”…makes it all so believable! Right? AND…the educational level is impressive when the woman could hardly pronounce words that were larger than one syllable! Oh, how far we have fallen!
Report Post »guyperram
Posted on December 17, 2010 at 8:05amRemember, hug a union teacher and thank the department of education, for the wonderful job they are doing. Of course, they do have to actually show up for school firrst (the kids that is).
Report Post »ETOOL USMC RECON
Posted on December 17, 2010 at 7:45amWhy should they actually PAY for a house???? Why that is just nonsense from “the man”.
Congrats to all libs everywhere…..this is what FDR did to us (as well as Franks,Dodd, Raines, Kennedy, etc)……5 generations of miscreants!
When is Jessie Jack(ass)son going to show up and pimp Chase like he did GM,Toyota, Bud, etc. (poverty pimp MORON) ????
Report Post »Barry Soetoro
Posted on December 17, 2010 at 7:38amAs an attorney for ACORN, I sued banks in order to force them to make loans to people who otherwise were not credit worthy. So in a very direct and real real sense, I helped get this whole housing catastrophe and the resulting financial crisis going. Who says I’m not experienced enough to be president?
Report Post »NoName22
Posted on December 17, 2010 at 8:57amThat’s not out of Atlas Shrugged.
Geez that book is more prophetic every day.
Report Post »GeauxAlready
Posted on December 17, 2010 at 7:36amHell, I protest more than that when the wife tells me no………….
Report Post »po-boy
Posted on December 17, 2010 at 7:39amI agree but it doesn’t do any good
Report Post »Cuthalu
Posted on December 17, 2010 at 7:31amI wonder what leftwing group is the one who promoted this little clusterf***?
Report Post »Konservative PUNK
Posted on December 17, 2010 at 7:30amWhen the revolution is in full swing, the “disadvantaged” will call for the execution of the “advantaged”, a scary scenario which has played out in history and NEVER ends well.
Report Post »RepubliCorp
Posted on December 17, 2010 at 7:35amACORN is back
Report Post »guyperram
Posted on December 17, 2010 at 7:42amYes, but these folks were tricked. Obama told them he would take care of the problem, and the problem has gotten worse. Just because they didn’t pay their mortgages is just another example of how evil the banks are.
Report Post »In all truth Citi Bank, for one, will send out a letter telling you that if you are a payment behind, they will accept future payments, but they will begin forclosure anyway. These guys are trying to convert dollars into real property for a reason.
They have also been buying gold for a reason.
The rich are buying gold, real estate, and expensive jewelry for a reason.
Traditionally these are places they put their assets for protection during inflation. If they feel the government is going they do not do real estate, it can’t be easily moved.
FED-UP-AND-READY-TO-TAKE-ACTION
Posted on December 17, 2010 at 7:58amThe mindset of these people is amazing. Remember the day when one had to have around 20% down payment with good credit and employment to buy a house? The socialist progressives have given away “prizes” (houses, college education, medical care and more) to the people who could not afford to buy these things in order to get their support. Now after several decades of the gravy train what do you expect from a young (under40 person whom all their life has had all their needs met by their friendly government?) They truly think they are getting screwed by the banks or anyone for that matter that has the gall to say you can not have this any longer without paying for it…………….These very people will be the first ones whom start the riots and seek revenge on the people who actually do work and pay their own way. What do we do? Well better be ready for the storm that is soon to arrive starting in the cities first. The leftest movement has been planning this for many years and the event they want to happen will happen due in large part by weak minded people who were lied to, enslaved to a lie and have not the understanding to see what is going on……………..VICTORY OR DEATH
Report Post »Highland
Posted on December 17, 2010 at 7:58amYep, definitely ACORN part deux.
Report Post »NickDeringer
Posted on December 17, 2010 at 8:01am@guyperram
“These people” have been lied to by Marxists and Socialists into believing they are permanent victims. This mentality has set up a parasitic relationship with the “rich” which says “I am in capable of surviving unless someone gives me money.” Eventually, the country will run out of “someone else’ money and they will actually have to fend for themselves. They can learn this lesson the easy or learn it the hard way.
If you go through life believing you’re a victim you live in self-imposed slavery.
Report Post »Colonial Revolutionary
Posted on December 17, 2010 at 8:12amNot sure about these people, but I did see a story on Fox News the other day about the way some banks are going about foreclosure is not legal. They sited an example of a home that was foreclosed and sold. The new owners were just notified that they may have to give the house back because it was never legally foreclosed. And this has been 3 years after they bought it. I’d be some kinda p$issed off.
Report Post »kryptonite
Posted on December 17, 2010 at 8:19amSo much for your socialist mop, Oblah.
Report Post »Cemoto78
Posted on December 17, 2010 at 8:22amThe banks were their best friends when they were able to get that $300,000.00 home when they only made $30,000.00 a year. These people were able to get these great mortgages with the help of the government and activist organizations, with no down payment and no interest at the time.
All three of these groups, the person buying the home, the banker, and the activist group(s), were all complicate and all GREEDY. The buyer was believing they could keep the house for 2 weeks, paint the walls and resell it at $350,000.00. The bank was hoping they wouldn’t make the payment so they could foreclose quickly and resell the home for $350,000.00, and the activist groups were combing the neighborhoods for the next victim and helping them get into this mess telling them how they can get them the American dream, a home, for nothing, and these groups were able to get government grants, etc. for their hard work. This is one of the largest scams ever put on a society and fueled by GREED all the way around. Now all the rest of us are AGAIN are going to have to pay the price for other peoples greedy ways. For one, I am sick of paying for others poor decisions and lack of personal responsibility. Whoever was the poster who stated the 40 and below crowd has been brought up to be professional victims hit the nail on the head.
Now, if you will excuse me, I am going to take my kids to McDonalds and get them a Happy Meal before I am told by some government entity that I no longer can get one because McDonalds is making it hard for parents to say no to their children. MORONIC!
Report Post »Cobra Blue
Posted on December 17, 2010 at 8:56amThe one’s receiving the freebies and the hand-outs are the one’s that are going to riot first. BOTTOM UP..Once you start those give-a-way programs you are going to play HECK if and when you have to cut or take them back.
Report Post »tower7femacamp
Posted on December 17, 2010 at 10:33amthey also got a nice tax break extension on those bonuses
thanks congress, millionaires continue to Rape America.
2yrs from now US will be broke and the Rich bastards will be in
Costa Rico
Polwatcher
Posted on December 17, 2010 at 10:40amThe commies are getting restless.
Report Post »snowleopard3200 {mix art}
Posted on December 17, 2010 at 11:24amHighway robbery in California? Should I gasp when the entire state is bankrupt beyond belief?
These people think it is bad now, wait until the state of theirs caves under completely and the Fed’s slap total control over every aspect of their lives, worse than is happening now. I pray for their sakes it will not happen, and if it does, that they stay away from AZ.
Report Post »independentvoteril
Posted on December 17, 2010 at 11:53amFED-UP-AND-READY-TO-TAKE-ACTION…even IF you didn’t have the 20% down IF you had bought a house within reason you might be able to make it.. depending on your loan and income.. The government created a worse problem when they went after the banks with their regulations.. even IF you have good/excellent credit and are current on your payments there is no help.. Housing prices went DOWN after the collapse..People who own homes that are actually worth what they initially paid for them can not get them refinanced UNLESS they have 20% to put down on a home they ALREADY live in and are paying on.. there is ONLY help for those who are upside down in mortgages and are being foreclosed on.. it’s stupid.. they COULD stop future foreclosures.. by having banks just do that.. IF you have good/excellent credit.. but the government has NO intention of HELPING anyone that actually does the right thing.. only those who bought mini mansions.. that quit paying.. It’s sad because the NEXT wave of forecloses will be those that have had their homes, made their payments are not under water in their home values.. but want to refinance because one of the two paychecks coming into the home has been lost..and having a better interest rate would help out.. I blame this on BOTH the government for not steering banks to help people like this and the banks for ignoring those that actually are bring revenue into their businesses.. It is almost like the GOVERNMENT and the BANKS are working TOGETHER to remove as many people from their homes as possible..I see it in my community which is lower to middle class of working American’s trying hard to hold on with NO help UNLESS they quit paying and go into foreclosure, to most this is NOT an option.. they weren’t brought up that way.. they pay their bills..
Report Post »Bryan
Posted on December 17, 2010 at 12:54pmYou have to admit there is a really big problem when you have this many foreclosures. They have no right to protest on private property, and most of them are simply looking for a free ride. However I myself lost my house two years ago. I had a two year arm on a very small home that I knew I could afford if things got tight. My wife and I both had good credit but ended up not being able to get a good loan We made $80K a year and bought a home for $115K. Well after two years our payment went to $1,200 a month, and we held on to that for another three years. After I was forced to shut down my company, we ended up getting a divorce, and I could no longer make my house payment. I could not get unemployment, because I had been self employed, and even while putting in 40 resumes a month I couldn’t find anything. The bank booted me after three months, and would not take payments in any amount less than the amount owed. Between the downpayment, and monthly payments I had given them a little over $60K on the $115K. I understood of course that I could not live in a house that I did not pay for, but at the same time I felt a little screwed over. I lost all the money I had put in to my home, and no one seemed to care. My best friend at the time had bought a home around the same time. With no credit history at all he got a $200K home for less per month than what I was paying, then when he quit his job (yes quit) he starting getting his government check. He has been receiving unemployment for almost two years now, and still has his home. He spends his days playing video games, and has no interest in finding a job. I never found a job so I have since started another company painting classic cars, and after finding out that the EPA had passed new regulations forcing me to spend about $50,000 on new equipment i had to lay off everyone, and try to sell whatever I had left. I am again looking for work, and about to lose my apartment. I dont qualify for unemployment again of course, and can not even get an interview somewhere. I even tried at McDonalds, and was told no because they needed people that could speak spanish. I really dont know where to turn, but I will find something soon because I have to.
Report Post »In other words there are people out here that need a little bit of help to get started back up again, and can not get any assistance because they are trying to do things the right way. Then there are others that just want a free ride, and are being completely taking care of in every way. Im tired of standing behind the welfare momma in line while she pays for her food with a food stamp card and plays on facebook with her blackberry. I after all had to have my phone turned off. I dont want Govt. money, I don’t want their programs. I want the Govt. to get the hell out of the way so someone will hire me or at least start a company without the constant interference.
AmericanSoldier
Posted on December 17, 2010 at 1:18pmI know why your losing so many homes. You aren’t paying your effing mortgage. Sure, are banks greedy, yup. They aren’t in the business of hand outs. Blame big government for bailing them out. Blame big government for manipulating the markets and letting these banks manipulate the markets. Big government is where the blame lies.
And blame ourselves when we were so happy how house prices were skyrocketing! Oh yea, I fell for the trap, loved all the flipping shows. Seemed like such easy money! I was tempted to become a flipper! We craved for home prices to keep on flying. Once the market corrected itself, now we blame the banks? We blame them because we willingly accepted soaring home prices when we were making tons of cash but now that home prices crashed, it‘s their fault for being greedy rather than YOURS for buying a home you really couldn’t afford.
Report Post »TXPilot
Posted on December 17, 2010 at 5:50pmOne of the biggest problems in this country today is the fact, alot of people don’t take personal responsibility for their own actions, and its killing the foundation of this country. Take on a mortgage I can’t afford….its the banks fault………my kid is fat…..its MacDonalds fault………If people don’t start rediscovering what its like to be independant and act responsibly, then we truly are doomed to become a subjugated bunch of whiny, bleating sheep.
Report Post »Sgt.Crust
Posted on December 17, 2010 at 6:03pmIf you blame anyone but our govt then you’re dead wrong!
You got your houses taken away because you should not have had them in the FIRST PLACE! Your NINJA loans blew up in your faces, and to think your own gov’t Barney Rubble, Chris Doddle, forced the banks to make you loans! Now piss off the lot of you ********!
You have to go back to the peanut farmer carter and his CRA 1977, then to the letcher clinton and is fascist cuomo, that is where the blame lies! Banks were forced to make unworthy loans by govt officials, and people knew that if the interest rates went up they could not afford the house, but took em out anyway! damn this whole thing makes me so mad….
Report Post »grandmaof5
Posted on December 17, 2010 at 6:23pmHow about “arrest” Chris Dodd, Barney Franks, SEIU and anyone else involved in the crash of the housing market and the pressure lending to people who can’t afford the paper the mortgage is written on. The government is the biggest criminal I’ve seen lately and it is about time it was shackled. Good job Tea Party and Conservatives everywhere.
Report Post »Sinista Mace
Posted on December 17, 2010 at 6:37pmhttp://www.infowars.com/dod-training-manual-describes-protest-as-low-level-terrorism/
Report Post »Cemoto78
Posted on December 17, 2010 at 7:04pmBryan,
you are the kind of person this country needs more of. I feel for you and feel sorry for you. Yes, you tried to do what is right, work hard, pay your bills and take personal responsibility. all you need is a hand up and you will be fine. Sorry to hear of your current problems, but a man of your character will rise to the top and succeed. Good luck to you and God bless you.
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