Feds to ban foreclosures?

[Jeffy]

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahuuwBS8KYq8

Feb. 25 (Bloomberg) -- The Obama administration may expand efforts to ease the housing crisis by banning all foreclosures on home loans unless they have been screened and rejected by the government’s Home Affordable Modification Program.

The proposal, reviewed by lenders last week on a White House conference call, “prohibits referral to foreclosure until borrower is evaluated and found ineligible for HAMP or reasonable contact efforts have failed,” according to a Treasury Department document outlining the plan.

“It is one of the many ideas under consideration in the administration’s ongoing housing stabilization efforts,” Treasury spokeswoman Meg Reilly said in an e-mail. “This proposal has not been approved and there are no immediate planned announcements on the issue.”

She confirmed the authenticity of the document, which hasn’t been made public.

So banks are forced by the govt in the 90s to give out loans who can't afford them, then they are essentially allowed to keep their home in default because the bank is not allowed to make a sound financial decision.

What a bunch of clowns.

[Dirty Sanchez]

Collapse the banks.  Collapse the dollar.  Set up a world currency.

http://abcnews.go.com/Business/wireStory?id=9958995

[Jeffy]

Banning foreclosures makes perfect sense if you accept the premise that GOVERNMENT FIXES PROBLEMS BY PROHIBITING CHOICES THAT PRIVATE PARTIES MAY MAKE.

This is how they "fixed" retirement:
- Prohibit the choice to not join the Social Security plan

This is how they plan to "fix" health care:
- Prohibit the insurance company's from choosing to not accept people into a "voluntary" agreement
- Prohibiting individuals from choosing to not pay for what others receive

This is how they plan to "fix" banking:
- Prohibiting individuals from making choices about the terms and types of agreements that they may voluntarily enter into
- Prohibiting the choice of consumers to not invest in an institution (i.e. let it "fail") if it is "too big"

This is how they plan to "fix" housing:
- Prohibiting the choice of a lender to claim their collateral (foreclose) under terms voluntarily signed by a borrower (the mortgage)


Make no mistake: When the government "fixes" a problem, it can and will only do so by prohibiting individual choice and MAKING YOUR DECISIONS FOR YOU.

[Dirty Sanchez]

Why are the dems so anti-choice?

[john "teach me how to" dougie]

This decision would be fantastic incentive for banks to start lending again.

[Winters]

 

[Dirty Sanchez]

What part of the linked and documented facts on this thread don't you understand?

[Jeffy]

What part of the linked and documented facts on this thread don't you understand?

Since he's 14, probably not much of it.

[Dirty Sanchez]

What part of the linked and documented facts on this thread don't you understand?

Since he's 14, probably not much of it.

True. 

[Winters]

What part of the linked and documented facts on this thread don't you understand?

Since he's 14, probably not much of it.

LOL your like 50 something

[Jeffy]

What part of the linked and documented facts on this thread don't you understand?

Since he's 14, probably not much of it.

LOL your like 50 something

Which means I've reached a level of understanding beyond that of a 14 year old.

[CatsFan_58]

Collapse the banks.  Collapse the dollar.  Set up a world currency.

http://abcnews.go.com/Business/wireStory?id=9958995

The Amero!?!?

[pike]

Collapse the banks.  Collapse the dollar.  Set up a world currency.

http://abcnews.go.com/Business/wireStory?id=9958995

The Amero!?!?

And a new world order to go along with it

[pike]

And LOL at Winters acting like an ignorant Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) in this thread. Trying to be one of the "cool guys" on the board

[Dirty Sanchez]

And LOL at Winters acting like an ignorant Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) in this thread. Trying to be one of the "cool guys" on the board

Like on tv when you see a pack of dobermans, shepherds, and rotts running around and then tailing them is a chihuahua.

[Winters]

And LOL at Winters acting like an ignorant Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) in this thread. Trying to be one of the "cool guys" on the board

LOL @ your shitty posting technique. 

[LinuxHuskerSometimesBasketballCat]

And LOL at Winters acting like an ignorant Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) in this thread. Trying to be one of the "cool guys" on the board

LOL @ your shitty posting technique. 

I'm not sure it's necessary to "LOL" and then   
I'm quite positive that one or the other will get the point across.

[Jeffy]

And LOL at Winters acting like an ignorant Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) in this thread. Trying to be one of the "cool guys" on the board

LOL @ your shitty posting technique. 

Poor Winters

[Winters]

And LOL at Winters acting like an ignorant Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) in this thread. Trying to be one of the "cool guys" on the board

LOL @ your shitty posting technique. 

Poor Winters

[pike]

 

[Winters]

Lets all be friends again 

[Dugout DickStone]

Poster Intimidation Militia Patrol is here.  We will shut this down if we don't get a round of cheers from all parties involved.

so, what say you gentlemen?     ?

[pike]

 

[Dirty Sanchez]

Only if he gets a haircut.

[Winters]