Biggest defaulters on mortgages THE RICH

Discussion in 'Economy' started by Gadawg73, Jul 9, 2010.

  1. Gadawg73
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    Gadawg73 Gold Member

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    As reported in all mortgage data. Read NYT article today.
    I have been telling you this for a long time.
    It was not the middleclassand lower middle class from some government program forcing the banks to lend $ as right wing conspiracy kooks spouted.
     
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  2. blastoff
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    blastoff Undocumented Reg. User

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    Well, you know what they say about fortunes and favoring and whatnot.
     
  3. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    hate to break it to you, but if they are defaulting, they ain't that rich.
     
  4. Truthmatters
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    Truthmatters BANNED

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    HAHAHAHAHAHAHAHAHAHAHAHA!

    They are not defaulting because they cant pay you idiot.

    they are defaulting because their property is no longer a good investiment.

    Jesus you rightiest are stuupid fucks.
     
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  5. Mr Clean
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    Mr Clean Gold Member

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    The rich are rich because they love money above all else and will do anything to acquire and hang on to as much as they can even if it means screwing a lender out of what is rightfully theirs.
     
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  6. ba1614
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    ba1614 Silver Member

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    I don't see a link, what do they deem as "rich"?
     
  7. NYcarbineer
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    NYcarbineer Diamond Member

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    I've been telling them the same thing. The rightwing took the real estate meltdown and did with it what they do with EVERY bad news story,

    they manufactured a myth around it that blamed the left. This time they blamed Democrats, liberals, the poor, and minorities. A rightwing four-fer.

    It was bullshit then, it's bullshit now, and comically, or sadly, depending how you look at it, despite it being bullshit it will remain an etched in stone 'true' story in the big book of rightwing mythology,

    forever.
     
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    Last edited: Jul 9, 2010
  8. Big Fitz
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    Big Fitz User Quit *****

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    Well this is a highly suspicious conclusion. I take it more of a sign of EVERYONE who bought too much house is defaulting. The rich just are defaulting later as their 'on paper' wealth evaporates.

    Of course this makes Avatar correct in saying, then they weren't that rich. I'd add the words "anymore" to it.

    The rich defaulting does not change the fact that Freddie and Fannie have destroyed this economy.
     
  9. Mr. Peepers
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    Mr. Peepers Senior Member

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    JEE-ZUS HAROLD CHRIST! For the last time, Freddie and Frannie did NOT destroy the economy and they are NOT to blame for the meltdown. They were among the LAST to lower their lending requirements and 86% of bad mortgages were issued and owned by PRIVATE lenders. Can you please put this lie to bed already? I'm sick of repeating myself.
     
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  10. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    We have also grown weary of your repeated bullshit and propaganda.
     

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