Comments on: Real Estate Woes: Subprime Mortgages Are a Ticking Timebomb

By: nessto252

nessto252 — Sun, 22 Nov 2009 07:19:36 +0000

Looking for low interest rates? Visit thelowratepeople to get started!!!!

By: chere7up

chere7up — Sun, 22 Nov 2009 06:37:31 +0000

Let me tell you what I know. Countrywide & the others carelessly loaned money to people/victims who didnt qualify with subprime rates. but BEFORE that SOMEBODY made it impossible for people who get in a financial bind to escape it by passing that HEINOUS BANKRUPTCY LAW. There is absolutely NO relief for the middle class or young people who get in debt. I dont know if I would work if I had 25% of my check garnished every week

By: chere7up

chere7up — Sun, 22 Nov 2009 05:55:21 +0000

So after someone who barely makes enough money to pay a house pmt with a subprime rate loan
gets garnished for like a medical bill or old cell phone ect.. then comes foreclosure, then the debt is sent to attys office. They obtain a Jmt on the borrower. Then they lose their house & countrywide attys put a jmnt lien on the borrower/victim & IF they continue to work they get garnished for the home they lost in foreclosure.

By: chere7up

chere7up — Sun, 22 Nov 2009 05:20:54 +0000

So they are likely to work under the table, NOT consume at all, NOT buy stock , NOT have savings in the bank, nor a 401K ..so the answer is until the DEVIL that passed the BANKRUPTCY LAW FIXES THINGS the STOCK MARKET will NEVER recover. NO RELIEF FOR THE PEOPLE NO RELIEF FOR THE MARKET. I cant believe those dumb ees CANT FIGURE THAT OUT!!! That’s ignorant for congress to think the middle class don’t count!

By: valhala56

valhala56 — Sun, 22 Nov 2009 04:34:13 +0000

Think Rome, the fall of the Roman empire.

By: lenderwatch

lenderwatch — Sun, 22 Nov 2009 04:27:37 +0000

Subprime BORROWERS are the ticking time bomb. PAY YOUR PAYMENTS PEOPLE!!!!

By: TYX91101

TYX91101 — Sun, 22 Nov 2009 04:02:43 +0000

Who loaned them the money? By the way, employment was down in August for the first time in four years – Countrywide announced 10000 layoffs… after the market closed of course. Get the picture?

By: nesnman

nesnman — Sun, 22 Nov 2009 03:40:24 +0000

People are buying homes they can’t afford. End of story.

By: aggiornati

aggiornati — Sun, 22 Nov 2009 03:27:45 +0000

Stop the banks from throwing mortgages and credit cards at people.
And stop stupid people from getting loans they know they can never repay.
This epidemic of greed and irresponsibility has got to stop.

By: jackiebaron

jackiebaron — Sun, 22 Nov 2009 02:36:36 +0000

Funny how the wankers on Wall Street are all for deregulation when it allows them to game the system but when things go tits up as a result of their scams they’re the first to cry for governmental intervention to save their gutless asses. Lending restrictions exist for a reason.