Stimulus package...

[AK-74me]

Originally Posted by Larry Gude

...that's always a good one, but our challenge goes deeper than that; withholding taxes. Rich people pay quarterly taxes, they see it, they write actual checks. Most of us have taxes withheld on our paychecks, we don't even see it, it's like health insurance; it's not real.

People know how much their mortgage is. They know how much the car payment is. They know how much a movie or dinner out is.

How many of us even know what we actually pay in taxes?

Applies more to the fact that I won't be getting any of my money back because some donkey has deemed me "rich"

[ImnoMensa]

I am on Waggles side.

Lock in the mortgage rate.

The bad decisions were made on both side. The mortgagers and the mortgagees.

The mortgagees were making money at the lower rate or they wouldnt have loaned the money. Lock it in and they still earn money they just dont make a killing.

I say lock them all in at the rate it was initially loaned.

[mdgirlie]

I found this to be pretty funny.

One Congressman asked President Bush while he was on his way out of the House chamber following his State of the Union, "How do you give a rebate to people who didn't put any 'bate' in?" Bush shook his head.

[Larry Gude (Premo)]

Originally Posted by mdgirlie

I found this to be pretty funny.

One Congressman asked President Bush while he was on his way out of the House chamber following his State of the Union, "How do you give a rebate to people who didn't put any 'bate' in?" Bush shook his head.

...I'm stealing that!!!

[ylexot (Premo)]

Originally Posted by ImnoMensa

I am on Waggles side.

Lock in the mortgage rate.

The bad decisions were made on both side. The mortgagers and the mortgagees.

The mortgagees were making money at the lower rate or they wouldnt have loaned the money. Lock it in and they still earn money they just dont make a killing.

I say lock them all in at the rate it was initially loaned.

The companies are free to do that if they want. They got themselves into this mess and they can either get themselves out or they can fail as a business. Risk hurts when it doesn't go your way.

[Larry Gude (Premo)]

Originally Posted by ylexot

The companies are free to do that if they want. They got themselves into this mess and they can either get themselves out or they can fail as a business. Risk hurts when it doesn't go your way.

...the whole thing is nonsense. Who the hell is going to lose their house over the payment going up a few $100 a month??? Not very many.

This seems to be all about flippers and speculators who borrowed 100% meaning to sell in a few months to make a profit, never even living in the house or condo, not real live American home owners. So, the speculator doesn't want to make the new higher payment and can't sell for what he borrowed. The lenders have leadership making bonus's and options on sales volume, the quantity, not the quality of the bet.

They found their way into this. What if they find their way out?

The thing that stinks the most about this is the bipartisan nature of it, like illegal immigration. When majorities of both parties are readily in agreement, it's probably not good for most people.