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smbassman.
Nope nothing to do with boats! I went through expenses and saw that a Sales person had spent 6k in two weeks. No details except 35 dollars to the doorman? I come home and see that AIG ( after we bailed there #sss out) spent 500k on a meeting in C.A. WTheck. OK……………I want to be president so I can publicly say…………..YOU knew you could not afford that damn house and you bought it anyway! Predatory lending……………………..BS……………………If you are so stupid , you deserve to have the frame ripped out from under you! I have made a trillion mistakes and have to pay for them, but doggonit….I PAID FOR IT! CASH MONEY! I have to pay for my house but some piece of chit that knew off the bat that he could not afford a 300k house gets to stay! I am going back to S.C. and we will Secede again even if we have to dump Coors Light into the Ocean!
Sorry guys but after watching the debates on (TIVO?) …not one candidate placed the responsibility on the homeowner. I call BS……..they had to know they could not pay for it! I am as guilty as anyone……but doggone where does it stop? I hope it stops when they pay off my boat? Sorry for going political on this board, but the family here seems smarter than most. I have no preference on candidates and honestly would rather see Jimmy Carter than any of these two. Just pissed!
Its ok Scott! It actually goes back to subprime loan action by Congress in 1999 and the run up in mortgaged home prices, followed by ARMs and then led into the failures by oil prices. They thought they could afford the home, though not with double electric and fuel oil prices and triple the gasoline prices based on quadruple oil prices since Katrina and Rita. No one saw that one coming. Though it is obvious they were tight on affording this type housing. Actually, both McCain and Palin said we have to be more responsible. Palin definitely dumped some blame on our spending habits. Hang the Oil speculators first, then all others in order.Last edited by Bass Cat Boats on October 10th, 2008, 3:59 am, edited 2 times in total.
its like some boat salesman saying sure you can afford that new loaded puma just finance it for 180 months… no thanks i say i will stick with my sabre with the 250 payment on 40 months. question will BCB bail me out if i do get the loaded puma and cant afford the payment???? go figure
Where do you sign up for the bailout list? Still like 10K on my Pantera. LOVE MY CAT Ed”Political Correctness is a doctrine fostered by a delusional illogical minority, and rapidly promoted by an unscrupulous main- stream media which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”
Since both sides have promised my taxes wont go up. Im retired my income sure isnt going up, so Im just gonna hold them at there word and refuse to pay any more tax, regardless of what happens in the next session. Does anybody really believe we can get out of this without a tax increase?
Im with you Scott. We have these discussions all the time at work and I get slammed for saying it is the individual that is mostly responsible. Yes, The banks should not have allowed most of these loans to happen. But, when does personal responsibilitly take affect. I am no financial expert. I probably have more bills than most on this board, but, I can afford those bills and if I could not it would be my fault and my fault only. The Bail Out seems to be a disaster so far. I know they say it will take time, but, since the bail out was passed the Dow has dropped another 10 percent or more and still falling. I am mad with you brother. Chris Coupel Paulina, La.Chris CoupelPaulina, La.
FELLOWS,,,,,THE PEOPLE WE ARE TALKING ABOUT, ARE NOT THE BRIGHTEST BULB IN THE LAMP….THIS IS LIKE BASSCAT SAID FROM 1999 ,THE CLINTON ADMINISTRATION. FOLKS GO FROM PAYING 300.00 RENT TO OWNING A 800 1000 MORTGAGE WITH NOTHING DOWN…….YOU CANT DANGLE A CARROT IN FRONT OF PEOPLE THAT HAVE NEVER HAD ANYTHING……. THAT AINT ALL…………….ITS GOING TO GET MUCH WORSE……AND YOU CAN BET,IF THE DEMOCRATS WIN THIS ELECTION, TAXES ARE GOING UP….. TIGHTEN UP YOUR SEATBELT,,,ITS FIXING TO GET ROUGH… ROBIN
What we are seeing is a direct result of those AHs in congress who are only concerned about the next election and their perks, demanding back in the 90s that banks start loaning money in bad neighborhoods, to poor risk credit at the risk of fines. Then congress loosens the down payment and credit terms even more. This started the ball rolling down hill and then the scams, just started writing these mortgages to any and all. Then Wall Street packages these loans into crap notes and calls it an investment. Then, wanting to get rich fast, institutions around the world bought them up, not knowing what if anything, was in the package. They were even insured (not the word they used) by investment banks with no reserve. A perfect storm scenario. In the meantime, Congress, Barney Frank and Chris Dodd in charge of the over site committees for Fanny Mae/Freddie Mac turned those organizations into Congressional Piggy Banks. They had the most lobbyists, donations to just about all of the members and special funds to be spent in the districts of favorable politicians. Obama got one of the largest donations, and so did the rest. Frank and Dodd got all kinds of sweetheart deals. Others too! So now who do we have solving the mess and blameing everyone else? Guess. The whole bunch needs to be voted out of office. Obama and McCain are right, Washington is Broke! The only problem, they are just a big part of it as the rest! What a choice we have to make for the next President. As President Regan said, “the worse words spoken is, the Government is coming to the rescue.!” Dont you wish you had the printing presses to print you money? Shoot, I would have bought a Puma instead of my Classic! Skipjack
I hate it when I hear people say that taxes have to go up to fix this problem! There is are two words people just dont seem to use or understand anymore – balanced budget. Everyone one has a budget and they need to know what they are making and what they are spending. Make sure you spend less that you make and everything is fine! You dont buy everything you want, go on every vacation you want…..then decide your paycheck needs to triple. Stop the cycle and finally balance the budget! It will require some cuts, but we apparently need cuts. 10 Trillion in debt? My Gosh, what have we allowed our huge government to become?
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