misshestermoffitt
New Member
This country is so screwed. I feel sorry for younger people just trying to start out. I just don't see how some people even scrape by.
Fed bails out AIG, $85 billion to avoid the worst financial collapse in history..
- Thread starter HotNSexyMILF
- Start date
misshestermoffitt
New Member
YES. I always wonder if they weren't paying Ceos' and upper management such inflated salaries to begin with then maybe the companies would have never went broke in the first place.
^^^^^^
^^^^^^
HotNSexyMILF
Well-Known Member
I think if the they were going to intervene, how bout they do it for the people and not the big corporations.. how about they stop all foreclosures for a couple years, help people pay their bills, freeze and stop all interest.. if they're gonna do all this shyt that's unconstitutional it should at least be for the people.. these rich bastards and their companies don't need anymore money..
Honestly though, they need to butt out..
Honestly though, they need to butt out..
misshestermoffitt
New Member
What makes me want to scream is there are all these forclosed houses and they are wanting banks to sell them to corporations really cheap. They don't want individual people to get a price break, just corporations. What kind of crap is that?
Foreclosures are killing my neighborhood. Got to many houses for sale around me and their being bought up to be rental properties. That is a neighborhood killer for sure.
Foreclosures are killing my neighborhood. Got to many houses for sale around me and their being bought up to be rental properties. That is a neighborhood killer for sure.
HotNSexyMILF
Well-Known Member
Banks and realtors, that's all I see buying all the foreclosures.. or those with cash.. you're right miss, all of which are being rented out...
misshestermoffitt
New Member
and being rented out to sometimes really bad tenants.
I just had a little episode this morning with new tenants. They just started moving in yesterday. This morning their dog started yelping like it was injured at 7:30 am. By 10:30 am the dog was screaming, I mean really screaming. I went over and informed them that if I hear that dog scream one more time I'm calling the cops. I also told them they picked the wrong neighborhood to live in if they are going to abuse their pets.
Meanwhile there is a kid in the house screaming like it's being tortured as well.
They called the cops, but the cops sided with me and insisted on looking over the dog. Mind you this house is half a block away and I could hear the dog from inside their house to inside my house.
I think the cops must already know them. They said they wanted a call if it happens anymore. I hate having to do that to people, but they can't be treating their dog like that.
I just had a little episode this morning with new tenants. They just started moving in yesterday. This morning their dog started yelping like it was injured at 7:30 am. By 10:30 am the dog was screaming, I mean really screaming. I went over and informed them that if I hear that dog scream one more time I'm calling the cops. I also told them they picked the wrong neighborhood to live in if they are going to abuse their pets.
Meanwhile there is a kid in the house screaming like it's being tortured as well.
They called the cops, but the cops sided with me and insisted on looking over the dog. Mind you this house is half a block away and I could hear the dog from inside their house to inside my house.
I think the cops must already know them. They said they wanted a call if it happens anymore. I hate having to do that to people, but they can't be treating their dog like that.
misshestermoffitt
New Member
So how does that work, the thing with the unpaid taxes? Are you stuck with that debt? If so that's pretty shitty.
misshestermoffitt
New Member
But they at least make you aware of these things up front don't they? They don't wait for the closing and then say "BTW you own a shitpile of cash".
HotNSexyMILF
Well-Known Member
Yeah.. that's why you're supposed to get a lawyer before you buy into any foreclosure to research any leins or unpaid taxes on the property... the foreclosure market is biased in the favor of banks and realtors- they know the game.
misshestermoffitt
New Member
Well I knew the whole escrow thing was about title searching and making sure the property was debt free. I hated waiting through that shit.
I just have never known anyone that escrow turned up any problems so I was interested and curious about is.
I seem to have that last minute luck. If there is a problem it will present at the last possible minute.
I just have never known anyone that escrow turned up any problems so I was interested and curious about is.
I seem to have that last minute luck. If there is a problem it will present at the last possible minute.
Seamaiden
Well-Known Member
Uh uh, that's not the problem. The problem began a long time ago and it has nothing to do with corporate heads being paid well (which, in all honesty, they earned and have a right to).YES. I always wonder if they weren't paying Ceos' and upper management such inflated salaries to begin with then maybe the companies would have never went broke in the first place.
^^^^^^
There was the inception of the Glass-Steagal Act back in '33, which specifically prohibited investment banking from crossing lines, so to speak, and accepting deposits, and vice versa. And then in '99 there was the Gramm-Leach-Bliley Act, that essentially undid what Glass-Steagal did, and thus making it easy and possible for banks to start making all those subprime loans. It was about the time of the inception of GLB Act that we began to see what I had thought were predatory lending practices (ever see those credit card offers that say if you pay late your interest goes up, and up, and up, and up? Over 30% interest, which I thought was loan-sharking/usary. Then those cash advance places, wanna read the fine print for an interest of 99.25%? WTF??), as well as allowing these major mergers.
Read what ta2 and dknob have to say, they know this like the backs of their hands, it's their business (or at least was).
Glass-Steagall Act - Wikipedia, the free encyclopedia
Gramm-Leach-Bliley Act - Wikipedia, the free encyclopedia
tipsgnob
New Member
when you buy a foreclosure on the courthouse steps you don't have time for a title search...I'll come out alright...but it was a hassle...
HotNSexyMILF
Well-Known Member
I hear ya man.. foreclosures are usually 'time is of the essence' deals..
misshestermoffitt
New Member
You really think they have a right to pay theirselves salaries in the millions of dollars a year plus bonuses? Not to mention all the cash they wasted with their "expense accounts"? It just seems a little extreme to have employees that make minimum wage with no raise for 10 years while the company heads get paid millions per year.
It's just like the federal government, they are all about wasting money and crying when they run out.
It's just like the federal government, they are all about wasting money and crying when they run out.
Seamaiden
Well-Known Member
Well, yes, actually, I do. They owe the rest of us nothing. We should be able to keep what we earn, and if their higher ups or shareholders/stockholders think they're worth it, they, as the people who are of vested interest, have a right to say they want them paid that much. And if it's someone who's set themselves up, yeah, I think they earned it.
I do not have the right to tell them what they should or should not be earning. I can be jealous as hell. I can resent them for their good fortune or smarts or timing or sex or whatever it was that put them where they are. But I cannot, in good conscience, say that they don't deserve it out of hand or that they should redistribute the wealth, especially if we're talking about redistribution to those who did nothing to earn it.
None of us really has a right to anything from anyone else, not in this regard. That's my own take on it.
I do not have the right to tell them what they should or should not be earning. I can be jealous as hell. I can resent them for their good fortune or smarts or timing or sex or whatever it was that put them where they are. But I cannot, in good conscience, say that they don't deserve it out of hand or that they should redistribute the wealth, especially if we're talking about redistribution to those who did nothing to earn it.
None of us really has a right to anything from anyone else, not in this regard. That's my own take on it.
medicineman
New Member
1. No-one is worth a million bucks a year.
2. When a corporation is losing money, why would a CEO get bonuses?
3. Shareholders pay exhorbitant salaries to CEOs so they will streamline and make the divedends higher. (Streamlining: the process of cutting jobs to make the bottom line larger.)
4. Corporations have no conscience. They are the biggest lie in the history of commerce. They exist for one and only one reason, to make money. They are the epitome of capitalism gone wrong.
5. Capitalism could be an honest endeavor, with the people supplying the capital getting paid with a fair profit, but it will never work that way, because it is never enough and the capitalists have no social conscience.
6. This country will never be the kind of country that it once was because the greed of capitalism has killed the American spirit.
7. When "WE" becomes larger than "I", there could be help, but I seriously doubt it will come to that in my lifetime.
2. When a corporation is losing money, why would a CEO get bonuses?
3. Shareholders pay exhorbitant salaries to CEOs so they will streamline and make the divedends higher. (Streamlining: the process of cutting jobs to make the bottom line larger.)
4. Corporations have no conscience. They are the biggest lie in the history of commerce. They exist for one and only one reason, to make money. They are the epitome of capitalism gone wrong.
5. Capitalism could be an honest endeavor, with the people supplying the capital getting paid with a fair profit, but it will never work that way, because it is never enough and the capitalists have no social conscience.
6. This country will never be the kind of country that it once was because the greed of capitalism has killed the American spirit.
7. When "WE" becomes larger than "I", there could be help, but I seriously doubt it will come to that in my lifetime.
tipsgnob
New Member
thats what im saying...