Obama pledges to halt evictions

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bushman
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I just bought eight houses.
One for ma granny one for ma budgie...



<TABLE class=storycontent cellSpacing=0 cellPadding=0><TBODY><TR><TD colSpan=2>Obama pledges to halt evictions


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<!-- caption -->Voters in Florida head to the polls
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US Democrat presidential candidate Barack Obama has vowed to halt eviction of homeowners defaulting on mortgages, two weeks before the election.
He was speaking in Florida, ahead of a joint appearance with his former rival for the nomination, Hillary Clinton.
Mr Obama also urged his supporters in the crucial swing state to take part in early voting which opened on Monday.
Republican John McCain attacked his rival's economic policies, and vowed to take the country in a new direction. <!-- E SF -->
Campaigning in Missouri, another swing state, John McCain accused his Democratic rival of misleading the electorate by plotting to hike taxes.
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There's too much at stake in this election to leave this responsibility to the last minute
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Steve Schale
Obama's Florida campaign director

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"After months of campaign trail eloquence... we finally learned what Senator Obama's economic goal is... he wants to 'spread the wealth' around," Mr McCain said.
"If I'm elected president I won't raise taxes on small businesses, Senator Obama will and that will force them to cut jobs."
Mr McCain said he would tackle the housing crisis by "buying up bad mortgages and re-financing them" in order "to realise the American dream and keep people in their homes".
Mr Obama accused the Republican camp of "ugly" campaigning but said he would not be "distracted" by it.
He focused his address on the economy and those in Florida who have been hit hard by the mortgage crisis and financial slowdown.
"We have tried it John McCain's way. We have tried it George Bush's way. It hasn't worked. It's time for something new," Mr Obama said.
'Town criers'
At a later rally, Hillary Clinton joined her fellow Democrat on stage and urged the crowd of 50,000 supporters to "close the deal for Barack Obama".
"Sending the Republicans to clean up the economic mess in Washington is like sending the bull to clean up the china closet," she warned.
Mr Obama has been pushing early voting on a major scale, using speeches, e-mails and advertisements placed in popular video games.
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Early voting has already begun in states across the US

</TD></TR></TBODY></TABLE><!-- E IIMA -->Officials in Florida were expecting a busy day.
Thousands of Mr Obama's volunteers have been mobilised, including "town criers" riding on public buses, offering lifts to college students, and neighbourhood teams to give voters a push.
"There's too much at stake in this election to leave this responsibility to the last minute,'' said Steve Schale, Mr Obama's campaign director in Florida.
Meanwhile Mr McCain's campaign has opted to focus its efforts more selectively on supporters who do not always vote in presidential elections.
The party believes it can count on more reliable voters to get to the polls on 4 November, Rich Beeson, political director for the Republican National Committee, told the Associated Press news agency.
About a third of US electors in 2008 are expected to cast their vote early.
The process has grown in popularity in recent years, as people have become more familiar with it. Early voting provisions have been expanded and restrictions on absentee ballots eased. Registered voters can either cast their ballots in person or by mail, thus avoiding queues at polling stations on election day.
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http://news.bbc.co.uk/1/hi/world/americas/us_elections_2008/7679508.stm
 

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Let the poor and stupid who bought more than they can afford keep their homes... Just make everybody pay for it.

What a TERRIBLE Idea.
 

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"Blessed is he who considers the poor."

Those who don't go to hell.

:103631605
 

RX Senior
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the meek shall inherit the earth :toast:
Sting told me this on the song from the synchronicity album "walking in your foot steps"

Well that was the first time I had heard that anyways.
 
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Let the poor and stupid who bought more than they can afford keep their homes... Just make everybody pay for it.

What a TERRIBLE Idea.


I guess it has nothing to do with the greedy companies that talked them into believing they could afford those mortgages. We bail out the ones at fault, might as well bail out the victims.
 

NES

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Sting told me this on the song from the synchronicity album "walking in your foot steps"

Well that was the first time I had heard that anyways.

So I guess you werent brought up around any Bibles were you there Skip? You see there was this guy named Matthew, Im pretty sure hew was a Sting fan too.
 

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So I guess you werent brought up around any Bibles were you there Skip? You see there was this guy named Matthew, Im pretty sure hew was a Sting fan too.
haha no. Just music, video games and my dads stash of penthouse magazine.

I never even got into sports until I was about 14.
 

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I guess it has nothing to do with the greedy companies that talked them into believing they could afford those mortgages. We bail out the ones at fault, might as well bail out the victims.

Calling a company "greedy" is unneccesary.

If the dumbasses, minorities, poor, and stupid didn't walk into the bank SEEKING a mortgage, because they wanted to flip a house... none of this would have ever happened. No nice man in a suit would have ever lent them anything.
 

NES

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Calling a company "greedy" is unneccesary.

If the dumbasses, minorities, poor, and stupid didn't walk into the bank SEEKING a mortgage, because they wanted to flip a house... none of this would have ever happened. No nice man in a suit would have ever lent them anything.

Its funny that you put those words in the completely opposite order that you meant, and whats with all the commas? Why dont you tell us how you really feel crackerass.
 

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Its funny that you put those words in the completely opposite order that you meant, and whats with all the commas? Why dont you tell us how you really feel crackerass.


Does stupid, poor, minorities, and dumbasses work better for you?

ACORN intimidating banks to lend money to uncreditworthy people is ok with you? Forceing businesses to take part in risky loans is alright?
 
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Calling a company "greedy" is unneccesary.

If the dumbasses, minorities, poor, and stupid didn't walk into the bank SEEKING a mortgage, because they wanted to flip a house... none of this would have ever happened. No nice man in a suit would have ever lent them anything.


The people looking to flip houses were the wealthy. Look in a lot of rich neighborhoods and you'll see foreclosures as well. You head straight from school back to home so you don't see this kind of stuff. These companies created bullshit loans in order to trick people into thinking they can afford more then they can. 2/28 loans, interest only payments, liar loans. The list goes on and on how people were lied to. People thougth that the $1,000 a month payment was affordable but they had little knowledge that within 2 years the payment would go up to $1,500. This was the fault of the companies not the people.
 

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The people looking to flip houses were the wealthy. Look in a lot of rich neighborhoods and you'll see foreclosures as well. You head straight from school back to home so you don't see this kind of stuff. These companies created bullshit loans in order to trick people into thinking they can afford more then they can. 2/28 loans, interest only payments, liar loans. The list goes on and on how people were lied to. People thougth that the $1,000 a month payment was affordable but they had little knowledge that within 2 years the payment would go up to $1,500. This was the fault of the companies not the people.

There are many more middle/poor neightborhoods with forclosure than rich. Look, I am not saying it was all poor dumb people, there are plenty of educated fools that bought more than they can afford too. The common theme is that these buyers were FOOLS.

You buy crap you can't afford, so suffer the consequences. If they never walked into the bank because they wanted to BUY, then the transaction never hapened.

If you can't read the documents... pay a lawyer too. You can honestly tell me you would sign the biggest purchase of your life away when you didn't UNDERSTAND it? A mortgage isn't that hard to UNDERSTAND.

You didn't realize that an AJUSTABLE RATE MORTGAGE might adjust? Then you are beyond brain dead. The terms are NOT very difficult to understand either. On one of the first pages it clearly states the terms. Many of them are tied to 3 month libor and can't reset for X number of months blah blah blah.

You really have a sickness and hardon for poor people.
 

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the meek shall inherit the earth :toast:

:toast:.. The Bible has way more references to things like this than hate homos, kill abortion doctors, start wars, etc.. But Fox News tells them these are the important issues.

:nohead:
 

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4:26 "and the meek shall inherit the earth..."

Rush 2112 Temples of Syrinx...play it really F'kin loud. Soumi:Guitarman

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The people looking to flip houses were the wealthy.

Bullshit, anyone who thought they could make money was trying to flip houses.

I closed hundreds of properties for people who never should have been qualified for the loans they were getting but every last person knew exactly what they were getting into and every detail was explained to them. There comes a point where people have to be responsible for their bad decisions. I don't need nor do I want the government making decisions for me. I want the banks to be able to use conservative measures to qualify for a loan without the threat or initimidation that they are denying loans to minorities. Qualify for the loan straight up or no loan. There are some people who will always be renters because they can't handle home ownership.
 

Rx .Junior
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The people looking to flip houses were the wealthy.

Bullshit, anyone who thought they could make money was trying to flip houses.

I closed hundreds of properties for people who never should have been qualified for the loans they were getting but every last person knew exactly what they were getting into and every detail was explained to them. There comes a point where people have to be responsible for their bad decisions. I don't need nor do I want the government making decisions for me. I want the banks to be able to use conservative measures to qualify for a loan without the threat or initimidation that they are denying loans to minorities. Qualify for the loan straight up or no loan. There are some people who will always be renters because they can't handle home ownership.

yep and you are just as guilty as being part of the problem. You probably didnt speak up and tell those people that "never should have been qualified for the loans" how you felt huh?
 

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I am guilty? I am a lawyer and there were people that I told "I wouldn't make this loan to you for 18%" (Florida state limit).
 

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