why that was nice

[poop5678]

that's wat happen when u offer pix of ur dick to everybody all willy nilly

//content.invisioncic.com/y282845/emoticons/word.gif.64b12e39f936af3b4fff38a1c0bd0244.gif

 

[faulkton 5,000+ posts]

that's wat happen when u offer pix of ur dick to everybody all willy nilly

maybe this will get you off

http://commons.wikimedia.org/wiki/Categoryenis

 

[poop5678]

maybe this will get you off
http://commons.wikimedia.org/wiki/Categoryenis

they're all so small

 

[faulkton 5,000+ posts]

sorry

 

[poop5678]

sorry

:sigh:

 

[adio 5,000+ posts]

i'll **** you.

do it with the hat on:laugh:

 

[faulkton 5,000+ posts]

i plan on it.

 

[Flipx99 5,000+ posts]

i'll send you a pic if you're really that interested.

I am. I'll use it as my avatar.

 

[faulkton 5,000+ posts]

President Bush will announce this afternoon an agreement with major mortgage firms to freeze interest rates for five years for financially troubled homeowners -- a plan advocates say will help forestall a major foreclosure crisis but some conservatives say amounts to a bailout of people who made bad financial decisions.

The plan would apply to homeowners who got adjustable-rate subprime mortgages between Jan. 1, 2005, and July 31 of this year and are facing a sharp jump in their rates before July 31, 2010. It would also offer to put them on a fast track to refinance their mortgages through lenders or through state and local housing authorities, according to several people briefed on the matter who spoke on condition of anonymity because the deal has not been officially announced.

Eligible homeowners are those with enough income to pay their mortgages at lower rates but not so wealthy that they could afford the increase in monthly payments. The plan would be offered only to people who live in their homes, an effort to exclude real estate investors and speculators.

On Capitol Hill yesterday, some Republican lawmakers and their aides expressed concern that the plan would anger homeowners and others who stayed out of the subprime mortgage mess.

Darren McKinney, 48, a renter in the District, said he has been waiting for housing prices to fall so he can buy a condo without resorting to a dubious loan. He turned down an opportunity to buy his 600-square-foot apartment for $310,000 in late 2004 because he thought it was "absurdly overpriced."

Now the government is rewarding people who made irresponsible decisions and bought homes beyond their means, he said.

"There are those of us who purposely sat on the sidelines during the course of the last three years while the senseless frenzy was going on, and we presumed the free market would be allowed to correct itself," McKinney said. "The government is now meddling in the market and looking to prop up lenders and borrowers alike, and those of us who wisely bided our time get screwed."

http://www.washingtonpost.com/wp-dyn/content/story/2007/12/06/ST2007120600734.html

Another example of the big government loving George Bush spending our tax dollars to take care of those too retarded to make good choices and take care of themselves.

I thought this was America but it seems to be getting more like communist Russia every day.

 

[Flipx99 5,000+ posts]

http://www.washingtonpost.com/wp-dyn/content/story/2007/12/06/ST2007120600734.html

Another example of the big government loving George Bush spending our tax dollars to take care of those too retarded to make good choices and take care of themselves.

I thought this was America but it seems to be getting more like communist Russia every day.

I am not sure if communist Russia allows Mortgage banks to essentially scam some of their customers. We analyze some of those contracts in one of my classes. Call me a fairy, but I don't think Joe Sixpack should have a Master's in Finance to understand his mortgage. Some of those people where tricked. Others got greedy.

I do feel sorry for those people trying to move from apartments to housing who don't study structured finance daily who where sold on an American dream of home ownership.

 

[DBfan187 5,000+ posts]

In Russia, house owns you.

 

[faulkton 5,000+ posts]

Flip, I am shocked you are advocating government intervention in the market like this.

If you aren't smart enough to know that your rate, and payment, will go up with an ADJUSTABLE RATE MORTGAGE, you deserve to lose your fukin' house.

Retards.

 

[Flipx99 5,000+ posts]

Flip, I am shocked you are advocating government intervention in the market like this.
If you aren't smart enough to know that your rate, and payment, will go up with an ADJUSTABLE RATE MORTGAGE, you deserve to lose your fukin' house.

Retards.

Do you know have inverse floaters tied to LIBOR are?

Not all of them where so simple as prime + 2% like you think. If they where all set up that way, then I would be more okay with it.

Furthermore, adjustable rate mortgages don't have to always go up.

Usually, I am not for governmental intervention. But I just don't think that the average consumer should be responsible for calculating derivative instruments that 1/2 of Wall Street can't. I just don't think it is right. I am willing to bet that half of the mortgage originators could not properly explain the risks to the customer, and they are under federal law to do so by the Truth in Lending Act.

 

[faulkton 5,000+ posts]

Do you know have inverse floaters tied to LIBOR are?
Not all of them where so simple as prime + 2% like you think. If they where all set up that way, then I would be more okay with it.

Furthermore, adjustable rate mortgages don't have to always go up.

Usually, I am not for governmental intervention. But I just don't think that the average consumer should be responsible for calculating derivative instruments that 1/2 of Wall Street can't. I just don't think it is right. I am willing to bet that half of the mortgage originators could not properly explain the risks to the customer, and they are under federal law to do so by the Truth in Lending Act.

If you ask "how much can my payment go up" and the broker cant give you a simple answer you can understand (and afford) then dont take the loan because you probably cant afford it.

Simple.

 

[Flipx99 5,000+ posts]

If you ask "how much can my payment go up" and the broker cant give you a simple answer you can understand (and afford) then dont take the loan because you probably cant afford it.
Simple.

They didn't tell the consumers that. They told them what the customer wanted to hear to close the sale.