off topic but couldn't resist, sorry

March 3, 2009

I don't want to start a long drawn out discussion nor do l care about what party you belong to. Watching Chairmen Bernake speaking to the Senate Budjet Commetee today rebrought this thought to my mind which has been there for a long time now.

How many homeowners out there would be able to keep their homes from forclosure if they had an extra $5000 ? The past CEO of Home Depot who ran the company for 5 years and ran the stock down during that time received $260,000,000 upon leaving his position there. If you divide that by $5000, you get 52,000. That means that 52,000 families will lose their homes, instead one person took all the money. Home depot is just one of nearly endless examples of greed out of control. As a society, how have we come to allow this totally unacceptable inbalance.

Lenny

Mopartist · March 6, 2009

I agree Lenny! I wish I understood more about how to fight the "system". It is so out of whack; we are just about cooked. There has to be something more we can do as citizens other than wait for the next election. I wouldn't doubt if someday we end up in a "revolutionary" war if it keeps going as it has.

4x4x454 · March 6, 2009

Get your self ready to defend yourself your loved ones and your property. I'm not some anti gov wacko and have never owned more then a pellet gun or a black powder derringer for fun but I am looking at a semi auto pistol and rifle along with a few thousand rounds for each. Just my thinking but I could be a little paranoid but better to be prepared then sorry.

rocmoc · March 6, 2009

I'm ready!

rocmoc n AZ/Mexico

Mopartist · March 6, 2009

I don't want to start a long drawn out discussion nor do l care about what party you belong to. Watching Chairmen Bernake speaking to the Senate Budjet Commetee today rebrought this thought to my mind which has been there for a long time now.
How many homeowners out there would be able to keep their homes from forclosure if they had an extra $5000 ? The past CEO of Home Depot who ran the company for 5 years and ran the stock down during that time received $260,000,000 upon leaving his position there. If you divide that by $5000, you get 52,000. That means that 52,000 families will lose their homes, instead one person took all the money. Home depot is just one of nearly endless examples of greed out of control. As a society, how have we come to allow this totally unacceptable inbalance.

Lenny

One thing we can do that may in the long run help is contact our state representatives; and let them know we want the "Mark to Market" law overturned. This is kinda the same principal as when you buy a new car; and the minute you drive off the lot; it depreciates $5000 or more; except this is about our real estate holdings. The problem with this is that with a home that has depreciated because of a housing bubble popping; the Feds are forcing the banks to "readjust" the value of that home and "eat" the loss in value. This undermines the banks; real estate property; and the consumer. It is only 1 step away from your mortgage lender coming to you and calling your loan either due or that you make up the difference in value in cash to them as a "reinbursement". If you think that sounds unfair; you would be right. We must have a voice. It doesn't matter if you are Democrate; Republican; or Independant. It effects us all. Any financial institution that does not comply with this Mark to market rule by covering their loan loss by 110% will be eventually closed by the FDIC. (I have many family members in banking; thats how I know) If the American public can get this administration to overturn this rule; the economy will turn around. Do some research on the topic and contact your representatives. Our lives are at stake

rocmoc · March 6, 2009

One thing we can do that may in the long run help is contact our state representatives; and let them know we want the "Mark to Market" law overturned. This is kinda the same principal as when you buy a new car; and the minute you drive off the lot; it depreciates $5000 or more; except this is about our real estate holdings. The problem with this is that with a home that has depreciated because of a housing bubble popping; the Feds are forcing the banks to "readjust" the value of that home and "eat" the loss in value. This undermines the banks; real estate property; and the consumer. It is only 1 step away from your mortgage lender coming to you and calling your loan either due or that you make up the difference in value in cash to them as a "reinbursement". If you think that sounds unfair; you would be right. We must have a voice. It doesn't matter if you are Democrate; Republican; or Independant. It effects us all. Any financial institution that does not comply with this Mark to market rule by covering their loan loss by 110% will be eventually closed by the FDIC. (I have many family members in banking; thats how I know) If the American public can get this administration to overturn this rule; the economy will turn around. Do some research on the topic and contact your representatives. Our lives are at stake

I phoned directly to my local Representatives' offices both in AZ & Washington and sent emails to both on the first bail-out/give away! All I accomplished was getting on there C*ap email lists that I can not now get off of. Did absolutely nothing. They are bought before they ever get into office and I don't have enough money for them to care. Sorry, IMHO it is now a lost cause. I am taking care of family & myself and ZERO hope they will ever doing anything. This is just ruining my morning! LOL!

rocmoc n AZ/Mexico

Mopartist · March 6, 2009

I phoned directly to my local Representatives' offices both in AZ & Washington and sent emails to both on the first bail-out/give away! All I accomplished was getting on there C*ap email lists that I can not now get off of. Did absolutely nothing. They are bought before they ever get into office and I don't have enough money for them to care. Sorry, IMHO it is now a lost cause. I am taking care of family & myself and ZERO hope they will ever doing anything. This is just ruining my morning! LOL!
rocmoc n AZ/Mexico

I hear ya; but it's just so hard to sit by and watch our "so called" elected leaders absolutely destroy this great country. Our active objection at least lets US know that we were not lead like sheep to the slaughter. I've been a bit empassioned lately because the Feds are TRYING to shut down the bank my wife works for even though they ran their business cleanly and were rated in the top 5 for their peer group. It's all a setup to become a "socialist" country and I'm mad as hell about it. we have a voice; but it's just ignored

March 9, 2009

Thanks guys, I've been telling people about this kind of outragous over compensation for some time now. When I first started, I was susprised at how many people sort of shrugged it off as, "ah well, yha, it's a lot of money but what are you going to do about it". Then I started talking about how the math showed 52,000 families losing their homes because of one person. Well, thats starting to register with them and they can't help from getting pissed. If we want to make a difference, contacting your representives isn't enough. They just dont get enough complaints to pay much attention to it. IMHO, we need to spread the 52,000 example where we can. It really shows the human loss because of unbridled greed. We need to get everybody mad, real mad. Then and only then can we finally make a change. I heard the other day, true or not, don't know, that people in germany were burning Mercedes and other expensive cars of the super rich to show how unacceptable their greed is. Things only change when the masses insist on it. I feel Obama got in because people were ready to take anything other then another main inside player. Right or wrong, I feel Obama getting in says that a lot of people are getting pissed. I'm trying whenever I can to get people pissed about it. The more the better.

Lenny

4x4x454 · March 9, 2009

I have also seen this coming for a long time. But no one will listen to me they all think I am paranoid. Do any of you listen to Coast to Coast am? It has some crazy stuff on it but it also has some interesting stuff about our government and all the things they are doing. Some of the things they talk about are pretty scary if you think about it. Halliburton has been contracted to build 5 camps that will hold a million people each in case of a political uprising. They have also trained between 20,000-50,000 battle hardened troops specifically to take our guns away. It was not just some quacks talking about this they had state representatives and legislators on talking about it and confirmed the camps and the training of the troops.