97,000 Homeowners in "Loan Mod Limbo"
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CalculatedRisk on Wed, 02/24/2010 - 2:26pm (244 comments)
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Day-owe!
Loan Mod here also:
Vermont Senate wants Entergy reactor shut in 2012
| Reuters
Another reason to dislike the boogers. Drag 'em out and wear 'em out.
But not Kristina, at least not anymore....right?
Anything by ProPublica on the topic of mortgages or mortgage modifications is complete cr@p and lacks objectivity. ProPublica is funded by The Sandler Foundation. The Sandler Foundation got its funding from Herb and Marion Sandler from the proceeds of their sale of Golden West Mortgage to Wachovia Bank. The Sandlers "perfected" the Option ARM mortgage--the one that millions of people took out and now need to have modified. The sale of Golden West to Wachovia led Wachovia to fail and chased it into the arms of Wells Fargo, a recipient of billions in TARP funds. In short, ProPublica's money is dirty.
So to hear anyone from ProPublica talk about loan modifications after what Herb & company did and how they made their money on the backs of these people is pretty rich.
I am probably still in the "limbo" category as mine was not finalized until February 12 or so. I started the trial period on July 1, 2009.
Hi guys, welcome Arnold.
Cramdowns. Cramdowns.
Smoot Hawley.
And besides, Citi must be destroyed. (also B of A)
The funny part is the Sandler's had to get out because Wall Street was cutting their margins to nothing.
They literally sold because they were afraid to compete with people who exercised no lending standards. Did they do the deal with the devil in selling to Wachovia? Yes. But was the entire industry being driven off the cliff by even larger players driving them out? Yes. Savvy enough to build it up and sell out before it turned to total crap.
I view this as a bit of guilt combined with schadenfreude. Sort of like Alfred Nobel.
Someday this war's gonna end...
Ted Kavadas
Thanks for the link to your blog.
Characteristics Of The Housing Bubble | EconomicGreenfield
As someone who has the misfortune of dealing with housing and mortgage data daily, I am leaning more and more to your point of view - that the housing bubble, while it has deflated, hasn't burst. House prices are still above the equilibrium levels at which they should currently be.
I strongly believe that house prices have further to drop, maybe up to 15%, from here. But it won't happen quickly, my guess is we will see a slow downward grind for years to come.
Comrade Kristina wrote:
Good luck then....
arnold layne wrote:
Agreed.
I thought it was awesome when SNL spoofed the Sandler's. I was surprised anyone there would even know who they were. I imagine most of the audience was thinking "who are those two supposed to be"?
lawyerliz wrote:
12 min 3 sec. Now THAT's a newbie
Welcome Herr Layne-
Oh, it is done Cinco, it's just that it won't be reflected in January's data. I like how they put it off on the borrowers as to why the mods are in limbo. It wasn't that they lost every document that got and more than once. It wasn't that they had boxes of documents stuffed in corners- unopened for months. Nope, it was those lazy, shiftless homeowners; too lazy even to bother trying to get a loan mod...sigh.
At my facility, we get rid of tritiated water (aka heavy water) by letting it evaporate. Of all the nuclear byproducts, this is one of the most benign. Vermont can do what it wants; they will have to deal with the lost jobs and revenue.
On the other hand, Entergy could have saved itself a lot of trouble if they had come clean immediately.
Well, at least Cinco has kissed and made it up with Comrade Kristina. Dogs and cats lying down with the lamb, and all that.
About 97,000 homeowners in the government’s mortgage modification program have been stuck in a trial period for over six months.
Should read
About 97,000 mortgages in the government's mortgage modification program have been allowed to remain marked to par in a trial period for over six months.
ghostfaceinvestah wrote:
Yes, but could drop further and longer if employment and other fundamentals keep driving prices down. And could drop faster if there is any type of financial system instability. Which seems practically guaranteed.
Reasonably competent flippers in Phoenix are still making money. When that stops, the bubble here will really be over.
Oh, the guy whose sale date has repeatedly been cancelled?
The attys filed a motion to reset the sale date.
But they haven't actually reset the sale date.
They claim we worked together and couldn't resolve any settlement.
But, we wrote letters offering to settle and they didn't respond even
to say no. So bizarro land got a leettel bit less bizarre.
To repeat, he has been collecting rent for a year after everybody agreed that
it should be sold with no deficiency judgment.
So I filed a motion saying that they never responded and we'd at least
like a no first. Thing is it has to come at least close to cash flowing,
which means a cramdown. Nobody else will pay anything near to what
the mtg balance is. So why not work with my guy?
Bingo.
scone wrote:
A week or two ago, IIRC...
Herbert Sandler is the chair of the governing board of Pro Publica.
It is theoretically possible for the Board not to have any influence on the content that gets published...(
)
Of course, every publication is funded either by a private entity or a public one, and has an agenda. And everyone is entitled to atone for their mistakes, even the rich who cashed out early...
How many of those JPM loans are former WAMU crapola, I wonder?
albrt wrote:
Money to be made, and then it won't. I expect it will be a lot harder to find willing knife catchers for the second round of busted out houses coming soon.
Someday this war's gonna end....
Comrade Kristina wrote:
Just out of curiosity, CK, what sort of documentation did you require from Saxon? Being that homeowners have to provide documentation--why shouldn't servicers, also have to provide documentation? It is really beginning to befuddle me as to why the bar is set so low for documentation and proof of interest and standing on the part of the servicers and lenders.
Arnold Layne
had a strange
hobby
Collecting clothes
moonshine
washing liiiine
albrt wrote:
Oh yeah, we could see ten years of slow, persistent declines, easy.
And you know what? I am starting to think the Fed would be OK with that. They realize they took a lot of heat due to their intervention in the housing market, gave up a lot of independence, so really do want to step away so as not to face more scrutiny when they are needed to bail out the banks again. As long as prices don't crash again suddenly, they will be fine with a slow decline.
Plus, most of the housing risk is with the government now, so the Fed's constituents are largely off the hook for RRE risk.
Congress, and their pals at the homebuilders, on the other hand, are going to keep throwing good money after bad.
My other guy who got a trial mod has now made 6 or 7 payments and
no response or paperwork. They did try to set another final summary
judgment, even tho they agreed otherwise, which I got cancelled at the last
minute.
The incompetence is hardly to be believed.
Thing is, if they try to actually qualify him, he won't qualfy, even tho he can
and will make the payments asked for. I think this is one where the servicer
let it slide though. The calculations assume that the person will make minimum
payments on credit cards too. One of them actually said that after all the credit
cards will have to be repaid. I thought hahahahahahahahahahah, what world do
you live in? But I didn't say anything.
Debt destruction continues.
nuke
yeah looks like vt is over-"reacting"
from wikipedia
Health risks
Tritium is relatively similar to hydrogen, which makes it bind to OH as tritiated water (HTO), and that it can make organic bonds (OBT) easily. The HTO and the OBT are easily ingested by drinking, through organic or water-containing foodstuffs. As tritium is not a strong beta emitter, it is not dangerous externally, but it is a radiation hazard when inhaled, ingested via food, water, or absorbed through the skin.[13][14][15][16] HTO has a short biological half life in the human body of 7 to 14 days which both reduces the total effects of single-incident ingestion and precludes long-term bioaccumulation of HTO from the environment.
60,000, have their mortgages with a single mortgage servicer, JPMorgan Chase
So long as they are considered a mod, they are not impaired and adjustments to T1 Capital are not necessary. A fastinating extension of the benefits for the Pretend Program.
"Mandatory mediation" is of course an oxymoron, but sometimes it works, so
. You and I know that it's in the attorneys' (opposing, of course 
interest to drag everything out until the client starts asking informed questions.
mock turtle wrote:
They live on a pile of granite and they are concerned about tritium? How about the radon instead?
Someday this war's gonna end...
Barley...nice to see ya!
been busy w/ stuff...popped in and out for brief periods...What have I missed?
Never mind.
mock:
Tritium is created when the coolant (water) is bombarded with neutrons. At our plant (and I assume commercial plant use the same processes), we reprocess coolant, remove the nastier byproducts (activated corrosion products are the worst like Co-60, Mn-56, etc), and use the tritiated water for make-up if we need to add coolant for any reason. It is usually stored in large vented tanks. Now, I wouldn't drink it (beta's are stopped by clothing, but if ingested can cause problems), but if you held a Radiac up to the tank you wouldn't see any elevated radiation levels.
Citizen AllenM wrote:
Nothing new there. Andrew Carnegie made his gazillions by grinding labor into a fine powder - which was then turned into libraries all over North America. Just one of them many ironies of capitalism.
Of all the nuclear byproducts, this [Tritium] is one of the most benign.
The problem is that the Tritium is leaking from pipes that Entergy repeatedly said didn't exist. Lord knows what else is leaking that is less mobile and therefore hasn't made it to the test points ... yet. By now, it's pretty clear even to those of us who are pro-nuclear power that Entergy is barely competent to operate an office copier much less a nuclear power plant. Maybe they'll sell the plant to some credible company.
Mandatory mediation is required in Miami- Dade County.
when I am trying for a mod, I just accept that the servicer is who they
say they are, tho if the borrower is going to fight foreclosure, I demand all\
sorts of paperwork.
The object of the game is to have the borrower stay there as long as possible.
I have yet to see a double assignment. Tho I think that will come too.
The servicer is the one who controls the foreclosure whether they have the right to
or not in reality.
People who are going for a mod don't have the time, money or energy to hassle
the servicer. There mostly isn't any there there. Kristina's experience is entirely
typical, though actually better than most.
Citizen AllenM wrote:
Radon is natural radiation - its good for you.
vtcodger:
Which is why I added the last sentence. 99 times out of 100, the cover up is worse than the offense. Luckily, the real nasty stuff isn't very soluble and won't make it to the ground water.
great article by David Stockman (yes, he is still around) on our coming goverment debt nightmare.
'Game over' for the 30-year fiscal wars - David Stockman - POLITICO.com
Everyone is fair game for his attacks- including "charlatans such as Arthur Laffer"
good quote: "Permanently adding trillions to an already staggering national debt, to re-create spending and jobs that were an illusion in the first place, hardly constitutes sound economic policy"
Can we get this guy back in some position of power please?
Yep, anything natural is therefore good.
And beauty is truth, truth beauty.
What does there is no spoon mean?
dryfly:
Potassium-40 is a beta and gamma emitter, and it will set off a Radiac. Hold a geiger counter up to a bunch of bananas and see for yourself.
Hello. Not sure if Comrade Kristina could answer, or someone else. Bank of America is answering my inquiry about a loan mod, and I need to know because of employment situation if a loan mod affects your credit.
Sorry for asking this on loan mod threads, but reliable information about this is very had to come by.
dryfly wrote:
I am reminded of a scene in my early teens sitting in a very nice restaurant in Santiago de Compostela (the very restaurant Michener ate at in his series on Spain later shown on PBS) and watching an anti nuclear protest by the students. I commented to my father that they are worried about radiation exposure from the plants when they drink this water (labelled with the level of the dose of radiation on it)? My father just laughed and said they were "Useful idiots"- boy was he right when we later found the Soviets had funded those protests.
Someday this war's gonna end....
Nuke wrote:
The power of the sun in the palm of my hand. Go long uranium.
hopeinsd wrote:
Why? He sold us willingly down the river last time.
Someday this war's gonna end....
At last one of the mysteries of the ages is answered. Springfield is in Vermont, and Homer works at Entergy.
lawyerliz wrote:
Just from what I'm reading, it seems absurd that the only system in place is to deal with each of these as a one-off.
It's like Tanta was saying years ago... there isn't anything like the manpower to do mods manually.
Yes, it will affect your credit. You are listed as "delinquent" on your mortgage payments for the life of the trial period. They correct it if you make it through the trial period.
Industry's Parting Gifts
ClubOrlov
Don't expect much from B of A.
Are you in default now? If so your credit rating is affected.
It is rare to vanishing to get a mod if you aren't in default.
why shouldn't servicers, also have to provide documentation
Loaded question: My bro's neighbor went in f/c (underwater 30% and is walking away) and asked the servicer for some documentation, twice by phone and now twice by registered letter. They had no copies of some 2007 closing docs and cant seem to find 4 months of payment and interest adjustment records...His question was simple: Provide written and notorized statement of amounts owing w/ backup material and he would now like to pay it off in full....they cant answer his question b/c the mort. has been passed thru 2 (paper) holders that have since gone belly up.! The servicer file is incomplete and wont type out [read docment] a final adjustments statement and are now finding out if the current (paper) bagholder has the necessary docs
Barley wrote:
well, first there was chaos, and out of that God made Adam from the clay of the Earth
after that, the women got involved, the men took charge in spiritual matters and ethics
the rest you can fill in later
ghostfaceinvestah wrote:
Fine, but that doesn't match human crowd behavior; when some attractive or potentially harmful phenomenon appears, there are a few who leave the crowd immediately, toward or away as appropriate. They're followed by somewhat more, then a substantial rush, then the stragglers. A fairly good Bell curve. I learned this watching second-graders, who have all the basic instincts of adults unencumbered by too much emotional baggage (yet).
I expect the rush to abandon current mortages (and homes) to follow the same pattern; we're most of the way through the early-adopters phase. As time goes on, and economic conditions and home prices fail to improve, a rush period will materialize. And with that, a substantial, nonlinear decrease in price.
I view this as a bit of guilt combined with schadenfreude. Sort of like Alfred Nobel
and the Nobel Committee when they dished out the recent Peace Prize
Loan mod Limbo
YouTube - Limbo Rock (how low can you go?!)
Every limbo boy and girl
All around the limbo world
Gonna do the limbo rock
All around the limbo clock
Jack be limbo, Jack be quick
Jack go unda limbo stick
All around the limbo clock
Hey, let's do the limbo rock
Limbo lower now
Limbo lower now
How low can you go
First you spread your limbo feet
Then you move to limbo beat
Off to work all. Have a good night!
Bob Dobbs wrote:
I'd really like to see that price collapse, for then we would know that the washout and bottom is upon us..... and it would be time to buy like crazy....
If we could get that collapse then we would probably see that V shaped recovery in real estate, at least back up to the affordability level...
Hold a geiger counter up to a bunch of bananas and see for yourself.
You serious Nuke? Really?
Tell him not to leave, unless he doesn't have the nerve to face them down.
He walks away by staying. Don't leave until you see the white of the sheriff's
eyes. Remember a bando could move in before they take the property and it
is possible (whether remotely or not I don't know) that he will be held responsible
for destruction.
Nuke wrote:
We had a graphite pile in the basement of the Chem E building where I went to school - got to play with it some. Plus I was recruited to go work at Savanna River out of college - turned them down and went 'Big Agriculture' instead - but a couple real close friends did the rotation through Oak Ridge-Los Alamos-Rocky Flats-Hanford and are now back at Oak Ridge. They started out building bombs then went to 'clean up detail' and are back doing 'inventory management'.
So while not as well versed as you - I'm not totally ignorant.
Catch you all later tonight.
Hold a geiger counter up to a bunch of banana republics and see for yourself.
I still want an explanation of the
thing.
They live on a pile of granite and they are concerned about tritium? How about the radon instead?
Actually, it's mostly sediments and metasediments. Some of them at the other end of the state have enough radioactives that well water needs treatment to get radon levels down to acceptable levels. Doesn't trouble most people much. The issue at Vt Yankee really isn't so much leaking Tritium as the fact that Entergy doesn't seem to know how their plant works.
Also welcome FJ2.
You serious Nuke? Really?
Yup, you will see a few counts above background. Not much, but it's there. A smoke detector or glow-in-the-dark watch will give you a little as well.
lawyerliz wrote:
You missed the fun earlier, lawyerliz. I am helping a friend collect information regarding his foreclosure. Mind you, this is the very first that I have looked at a trust's pool of mortgages "up close and personal." I don't know how to link to earlier threads. Is it kosher to copy and paste? Hope so--here it is (from earlier today.)
Speaking of foreclosures....Help! I am helping a friend who has a home that is supposed to be foreclosed upon on Tuesday. I just found the pool of loans that his home was in on the SEC website. But there is something very suspicious, and was wondering if any of you smart people could take a quick look at it. It's the SEC website,
SEC Info - IndyMac INDX Mortgage Loan Trust 2006-R1 - FWP - IndyMac INDX Mortgage Loan Trust 2006-R1 - On 8/1/06 (and then you need to scroll down to page 36.)
Once there, look at the line that says "Georgia." It reports 3 mortgages that total $1,241,160.78. The same line reports average loan is $413,720.26.
Now this is where things become suspicious. My friend's initial loan was in the amount of $412,500. He remembers that the initial payments were around $1,200 per month. $412,500 + $1,200= $413,700 (x3)=$1,241,100.00.
Statistically speaking, isn't this highly improbable? Doesn't it appear that they just had one mortgage loan, tripled the numbers, and reported that they had 3?
Or am I paranoid?
(btw--his FICO score was 736. The same line reports an "average" FICO score of 736.)
I can't believe all the CR posts today. Who can keep up?
Thanks CR.
ShadowInventory wrote:
It'll happen just about the time that "everybody knows" that real estate is a risky investment.
"There is an all-out war against public servants, those who earn the least," said Spyros Papaspyros president of ADEDY, an umbrella union for public-sector workers. "We will fight to keep the little we have. The government and the EU must understand the crisis must be paid by the rich."
Greece Labor Leader
IIRC the Aurora Borealis/Australis is all about gamma rays-- stars being born.
barley said what have i missed
geeze i think ive been asked for the cliff notes on armageddon 3.2.1
ok herer goes
we had hope
then we lost it
timmay gave away the house to the bankstas (and the senate too)
we had health care, we didnt ,we did, we didnt
kennedy died and the dem lost but the repub may be a dem in gypsie moth clothing
obamas gonna close gitmo but who knows when
obamas gonna get out of iraq, but who knows when
helicopter ben has turned out to be secret santa friend with a gift list confined to wall and liberty streets
the dollars up, the dollars down, up down down up
the euro's king, the euro's the joker...greece is the EUs lehman
all kinds of games being played with gold, TPTB try to squeeze it down
india and china want more...soros calls it a bubble and buys a ton
the party of no becomes the party of maybe
the only people the teabaggers hate more than libruls is moderate repubs
sarah speaks for free at their convention and gets 140 k
but shes gonna give it away, she'll get back to ya on that
the squid not only sucked america but it sucked greece and other members of the EU
germany says f the EU we are moving to the poop deck of the titanic sea ya all later
volker rule gets trashed
brooksley born still ignored
warren is a sane voice crying in the wilderness
obama likens bankers to sports stars
we got new credit card rules day before so get ready to get screwed in new ways
did i miss anything?
Had a moment of what I thought was an insight about how both the climate and the financial system are almost intransitive systems about to make leaps into new equilibria. Signs of this are exaggerated departures from norms. Since human beings live in what appear to be intransitive (stable) systems (eras) for most lifetimes, they are not prepared to see, observe, sense the symptoms of an impending leap to a new phase.
Skeptics can rejoice in abnormal weather, although with the usual north/south bias. Record cold, snowfall in the north, record heat in the south.
In the same way, abnormal departures in the operation of credit and banking are compared with the historical record, which offers the consolation of historical familiarity, if not of continuity.
The periodic rhythm of perturbation may accelerate. Too late then?
Hmmmmm. I think you are being paranoid, but who knows.
This isn't a defence to a foreclosure. Is he in a lien theory state or a title theory
state that requires judicial foreclosure?
Yes, I think it is a reportable event judging by the response I got from my credit card companies after I started talking to the servicers.
I recommend you buy a car if you need one before you start messing around with your creditors, they seem to be quite certain I am now a total deadbeat. But then I did invent Crush Your Creditors9tm)!
Someday this war's gonna end...
Bob Dobbs wrote:
I expect the rush to abandon current mortages (and homes) to follow the same pattern; we're most of the way through the early-adopters phase. As time goes on, and economic conditions and home prices fail to improve, a rush period will materialize
Yep... technology adoption curve will no doubt apply to this 'technology' and the floodgates will open after it is clear the early adopters weren't punished commensurately with their take.
From the movie, The Matrix:
SPOON BOY (SKINNY BOY): Do not try to bend the spoon. That is impossible. Instead, only try to realize the truth.
NEO: What truth?
SPOON BOY: That there is no spoon.
Neo nods, staring at the spoon.
NEO: There is no spoon.
SPOON BOY: Then you will see that it is not the spoon that bends. It is only yourself.
This is another article about the Vermont power plant
Vermont Senate Votes to Close Nuclear Plant - NY Times
In a move that has also deepened unease, Entergy has been trying to spin off the reactor and five others, including the Indian Point reactors in New York, into a new company that would borrow money to pay back Entergy and sell stock on Wall Street. Many opponents in Vermont worry that this would allow Entergy, based in New Orleans, to avoid legal liability for any problems at the plants and that a spinoff could be detrimental to the state.
The risks of this plant were not only chemical. There were other issues as well.
lawyerliz wrote:
Agree, "walk away" is a bad term, actually walking is the wrong thing to do, just stop paying and stay.
In short, there is no normal.
Good advice as to car.
lawyerliz wrote:
No normal. No safe. No protected. No secure.
Mr Slippery wrote:
From the movie, The Matrix:
The entire first movie makes for an amazing commentary on our market-based collectivist society
p.s. Guess who the agents symbolize in this interpretation?
Woooooowwww, dude, deeeeep. I saw Matrix I, but didn't remember that.
In short, there is no normal.
There is. But not always.
Maybe this crisis started when J P Morgan flapped his arms in 1907.
US diplomats add a moat to their expenses at $1bn London embassy - Times Online
Hey sconsie, you like where you are?
Howsa old
?
Hahahahahahahahahahahahahahahah.
ResistanceIsFeudal wrote:
There are so many apt references in the original. Some timeless, some coincidence(?) for a 1999 movie.
When Neo gets arrested by the FBI and they are interrogating him, his passport expires on September 11, 2001.
Agent Smith refers to the Matrix as representing the peak of human civilization, 1999.
pavel.chichikov wrote:
Yah. I've been reading about thermohaline circulation (the deep ocean currents that ship heat north and coolth south). If the north ocean gets too warm or too fresh (from increased runoff), the current will snap from its current configuration, which stretches from the South Pacific to the North Atlantic, into two separate, circular currents, one for each ocean. Bad news for Europe (which will freeze); and, to get the current to snap back to its old configuration you have to go 'way below the temp level at which the first transition occurred. Because such systems once established tend to persist -- one way or the other.
As currents, so society: we're probably far past the nominal point for a state change, but internal structure keeps us bound up; and if a transition comes, it won't be gradual.
Outsider - This will be reversed when the next heat wave hits and their is no juice to run the air conditioners
A moat. No drawbridge or portcullis?
Shame. There's a word that needs to go into use.
lawyerliz wrote:
Schrodinger's fine. She actually is gaining weight, lately, which is good. I really enjoy New Hampshire, it's been like coming home. We should have left the West Coast years ago. Thanks for asking.
Well see, what we do is that we desalinate all this salt water and then we dump it where
the thermocline goes down or up or whatever. Voila' 2 birds, one spoon, errrr, rock.
I understand that the currents have gone away at various times in the past, right?
EHP,
Fritz Henderson is back at GM. Nice little paying gig for 20 hours a month.
GM's Whitacre to earn $9 million; Henderson hired as a consultant | freep.com | Detroit Free Press
Mr Slippery wrote:
Agent Smith refers to the Matrix as representing the peak of human civilization, 1999.
Largely correct. We have been on a systematic downward course since the tech bubble, which was the last real technical gain or innovation we've actually seen. Everything since has been financial scams and manipulations. And the merchant banks ARE largely run by artificial intelligences, in the form of financial models and trading programs, manned by duplicitous humans who attempt to emulate the cold, rational machine intelligence. Not to mention the giant electromechanical squid, of course
Barley wrote:
These guys never heard the term "labor arbitrage."
Musing today on how this plays out in the US. The guy who retires from North Dakota public service is probably OK, but he's scrood if he's from Illinois.
There'd be zero support for some kind of federal takeover of those Chicago transit workers' pensions. If the state tries to cut services or raise taxes, it faces a diaspora.
PBGC is toast.
There's really no mechanism for a state BK.
Rock, meet hard place. And you know nothing will be done until the day they can't make payroll.
I saw the $1bn before 17.5% VAT, and thought there is no way that embassy can ever pay for itself by any standard
If that wasn't bad enough, there is £32mn is unpaid road tolls
lawyerliz wrote:
Georgia is non judicial. And I don't think it will help initially, but possibly down the road. He is genuinely concerned that another party of interest could show up. His lawyer thinks it will get postponed, at least. This particular case is glitchy-weird title stuff--but we thought the 3 mortgages reported to the SEC when there was probably just one certainly sounded fishy.Citizen AllenM was a huge help with this, btw! (and the link didn't show up when I cut and pasted. It is: SEC Info - IndyMac INDX Mortgage Loan Trust 2006-R1 - FWP - IndyMac INDX Mortgage Loan Trust 2006-R1 - On 8/1/06 ) page 36
I don't know barley - according to the NYT article:
She pointed out that the estimates of the cost of decommissioning the plant run over $1 billion, roughly the amount of the entire annual state budget, and that Entergy has only about $450 million on hand.
Sounds like once they spend $1B on decomissioning, it would be a tad expensive to start her back up again.
ResistanceIsFeudal wrote:
If he had boyish curls, he'd look kinda like Geithner.
ETA: I could totally see Geithner ranting on the stench of humanity.
Yep. Agreed.
So who do they symbolize?
I've always liked the word trebuchet.
lawyerliz wrote:
Yah, thought is that the last ice age (or one of the recent ones, anyway) was caused by the sudden draining of a giant North American glacial lake (the Great Lakes are its remnant) into the North Atlantic. Made the water there much less saline and stopped the thermal action that keeps the current going. Ice age started coming on within a couple of years.
It would mean that there was only one mtg in the pool.
So do you have to file suit to stop the foreclosure, if the lender really doesn't
own it? Sounds expensive.
LBD
Even though GM has some things to look forward to on the product line-up side of things, Whitacre has secured a re-default or bailout within 2 years (a figure suggested by Altman at the time of the last BK)
there should be some interesting public questions for the auto industry come by the end of this year
I am not trusting in Ford's accounting being honest
esp the Monty Python Cow Catapult Holy Grail Trebuchet
ETR options saw interesting put activity today. A total of 1,662 put and 1,267 call contracts were traded raising a 90 day record high put volume alert. Today's traded Put/Call ratio is 1.31. There were 1.31 puts traded for each call contract.
on Feb 22..
I want to live to see the magnetic poles flip so that we can understand it
lawyerliz wrote:
So who do they symbolize?
Well, the agents are superhuman servants of the Matrix and can partially manipulate it to accomplish seemingly impossible feats. They also ruthlessly seek out and attack any of the rebels who realize its nature, unplug, then return to free others from its invisible technologically-enforced tyranny.
lawyerliz wrote:
I think they are going for a temporary restraining order, and file BK at last minute if that fails. But the ace up his sleeve is that his daughter is on title and has a superior lien to the lender. Other possibility is that the foreclosure mill will just decide it's not worth their effort.
they symbolize central bankers?
Probably a French person-
@ 3:07
Magnetosphere + atmosphere = life on earth. We owe everything to plants and iron.
Nevermind about the agents, they were being hunted down by giant mechanical squids.
EvilHenryPaulson wrote:
classified above my clearance level and pay grade...
they symbolize central bankers?
EHP,
I don't see much promising coming from GM North America. Global operations will carry it, maybe. It will exist for the pleasure of the UAW. Ford has dodged the bullet for now. Chrysler, doesn't have much of a chance. Will be interesting to see what comes up.
Oxtail wrote:
Nevermind about the agents, they were being hunted down by giant mechanical squids.
No. In the REAL WORLD, they were being hunted by the superintelligent AI's via mechanical squid automatons. Within the collective illusion of the Matrix, however, they were hunted down by the agents. It's a dual, simultaneous reality.
ResistanceIsFeudal wrote:
Big difference is, The One ain't coming to save our asses.
EvilHenryPaulson wrote:
I would say they are more than central bankers, the agents are the enforcers in an entire system of control. A system that, in order to function, must still allow a sliver of choice. The system is unstable, and periodically must be rebooted, to clear it of anomalies, like Neo.
Maury the Credit Responsibility Panda wrote:
"Work out your own salvation with diligence."
Maury the Credit Responsibility Panda wrote:
Big difference is, The One ain't coming to save our asses.
The first movie doesn't end messianically at all... it suggests only that people are now free to live in the real world instead of the Matrix that the machines created back in 1999.
This one is long overdue...
ShadowInventory wrote:
Well the price collapses because there are no buyers. No one left to buy like crazy. This leads to further collapse.
Look we have and intrinsic oversupply of housing esp for a nation thats tightening its belt and staying with friends and family.
You don't even want to guess what the effect of increasing density per dwelling is our our housing stock but falling rents will tell the tale. And of course good chance we might not have seen the end of high oil prices. And of course rising interest rates at some point.
Eventually of course rising taxes.
So where is this bottom that will create a buying frenzy ?
Ask Detroit they know.
maytag says if you protest that we screwed you
we are going to keep screwing you in the future
from huffpo
Whirlpool Threatens Workers: Protesting Plant Closure Risks 'Future Jobs' »
February 24, 2010 at 03:44 PM
A major corporation planning to shut down a factory in Indiana has warned its union workers that they'll endanger their future job prospects if they protest the plant's closing.
In late August, Whirlpool Corporation announced that by June 2010 it would be closing the doors of its refrigerator plant in Evansville, Ind., and moving its operations to Mexico, citing poor sales due to a depressed housing market. The town of Evansville -- which President Obama has visited frequently "
big corporate balls
kcoop wrote:
We're not worthy!
We're not worthy!
Sebastian will thank you forever....
mock turtle wrote:
Good on them. Unions need some serious attitude adjustment.
He's a resilient fellow. He can take it.
ResistanceIsFeudal wrote:
Now I gotta go back and watch this thing as a parable on banksters.
Man, for my media parable, I was going to go with something much less complex.... Any of you ever watched Pawn Stars? Should be required viewing for IBs.
A fun, interactive Bloomie report on how utterly screwed the pooch is:
America Tied Up in Record Debt
So where is this bottom that will create a buying frenzy ?
Depression is a recursive phenomenon.
Economic? Psychological? Both.
maytag says if you protest that we screwed you
moch - I can see a herd of labor lawyers now starting the paper process...what a stupid thing to say (on the part of Maytag,,,ggeezzz)
Eric wrote:
Could it be that it is the other way round?
Hopefully by now famous Wolff chart
RE wrote:
Nope.
Good on them. Unions need some serious attitude adjustment
I dont disagree Eric but opening yourself to a labor class action is not the way to do it
If the reality is that we simply can't afford more debt and have to pull back from counter-cyclical policies, history suggests that we should expect a rise in economic volatility. The stability of the last few decades may not come again for some time.
-- Bloomberg
"Volatility" is one way to put it. Instability is another.
Maury the Credit Responsibility Panda wrote:
Now I gotta go back and watch this thing as a parable on banksters.
It'll blow your mind... again.
"Jeezus... what a mindjob! You're here to save the world."
Updated: Wed Feb. 24 2010 15:25:33
The Canadian Press
White Birch Paper has filed for bankruptcy protection, a move that could affect 1,100 of the U.S.-based forestry company's workers in Quebec
Maury the Credit Responsibility Panda wrote:
I thought we just elected him ?
~splat
Eric wrote:
Care to elaborate on the simple chart message?
pavel.chichikov wrote:
And suddenly the guy (or girl) you like in power is the one who'll promise to keep you safe and secure and fed and will demand unquestioning loyalty in return. Which some will give. That quote from your acquaintance as to why her family joined the Nazis in the '20s when Weimar was falling apart ("They fed us") -- it stays with me, Pavel.
Wow, high praise for Sebastian; enshrined in Smileyography.
RE wrote:
I don't see what that chart has to do with unions, at all.
Can we clawback Whirlpool's stimpack cash?
mock turtle wrote:
I feel sorry for all the company execs who'll be replaced with lower cost execs from Mexico.. oh. no wait. their jobs are safe. Phew.
~splat
And suddenly the guy (or girl) you like in power is the one who'll promise to keep you safe and secure and fed and demand unquestioning loyalty in return. Which some will give.
In return for safety and security, so would most of us.
"they are not prepared to see, observe, sense the symptoms of an impending leap to a new phase."
It isn't a profound thought - almost no one is left that remembers the trauma of the 30s as anything except a young child - but it is a profound experience.
I increasingly get the 'stage set' feeling when I'm in a retail district - the lights are still on, though less of them every day, but no one is really home. It makes for a nice companion to our Potemkin stock market.
Eric wrote:
I don't see what that chart has to do with unions, at all.
It's a bitter irony... what the unions do at the bottom is not at all unlike what the elites do at the top. Two sides of the same shaved coin. Think over the inherent self-contradiction of the term "public sector union", as well as "monopoly capitalist"
I heard the 1st officer of the
is only pulling down $18k a year.
Wanna bet?
I can do it far cheaper than those bozos.
I bid 50%of their compensation packages, and I can toady well to private equity!
Someday this war's gonna end...
speed,
Nice. Thanks. Kind of the comic book version for people like me. There is no money there anymore. They can no longer follow the old playbook.
Foreclosure mills are not smart enough, usually.
Bob Dobbs wrote:
only if they also promise us a nation of purity with a will of hardest steel..... oh and I want a
too
~splat
80's: Refrigerator Perry
10's: Refrigerator Carry Trade
Oooooooooooooooo.
It's not even on the list yet, coop.
I have noticed that a lot of houses for sale in No. VA are being offered by 2 companies. One is a real estate trust of some sort. The other looks to be the same but Korean.
Eric wrote:
It has lots to do with unions. It is a perfect reflection of the loss of power of unions since the 70s/80s. If wages from goods production/manufacturing do not keep pace (and in fact vastly diverge) with profit growth then we are observing the end of the middle class as we knew it. Something that Elisabeth Warren has pointed out in her reports and the GINI confirms.
I don't think this is good for this country, or any country for that matter.
I looove Pawn Stars. It is Roadshow for the masses.
It never ceases to amaze me that the disconnect between productivity and wages started with the election of Reagan.
Thank you thank you RE.
I have wanted that chart and I just printed it out.
GDP == meaningless, without more shared with workers.
Eric
does it matter to you what the pay rate, or the details of the union contract were in indiana?
or is it just about firing union workers where ever?
last time i checked middle managers and corporate boards and CEOs make even more money than union labor
how would you fell about maytag giving middle management a good screwing and letting qualified chinese or indians take corporate middle management jobs
at chinese and indian wages?
Housing prices will stabilize when jobless people can afford to buy them. (without gimmicks)
Housing prices will stabilize when jobless people can afford to buy them. (without gimmicks)
AB, perhaps more like when $10 an hour will get you a 3/2 in a working class area.
lawyerliz wrote:
Thanks liz, it is one of the most potent charts I have come across in LOOONG time.
mock turtle wrote:
Unfortunately they don't do politics and bullshit very well.
how would you fell about maytag giving middle management a good screwing and letting qualified chinese or indians take corporate middle management jobs
Why outsource? Give the jobs to computational agents, which are much better at economic decision making anyway.
I like this one as well.
http://i173.photobucket.com/albums/w50/alix2304/charts%20II/largeextremeinequalitychart-1-1.jpg
lawyerliz wrote:
Can be watched on a couple of different levels. Lots of good lessons in there about knowing the value of collateral, understanding carrying costs, having good judgment about what's salable and what isn't. Like I said, should be required viewing for all banksters.
Then I look around in my hometown... what business lasted through the economic blight it went through in the late 80s, the Nazcrash, the Great Recession?
Anonymous Bosch wrote:
+1
Here's a great idea. Have the union buy out the company and show the rest of us how it's done. Never happen as the unions are to much in the extortion business. Business whats employees and don't want to adopt them.
It never ceases to amaze me that those who are hurt the most by the current form of global capitalism tend to vote Republican. Indiana is a reliably red state. I also find it funny (in a tragic way) that WalMart is now reaping what it sows. It had its first (of many?) decline in gross US sales. After decades of eviscerating the middle class in this country, its base of blue collar workers can no longer afford to shop there. Kind of like the Henry Ford phenomenon in reverse.
Cool weird stuff too. And the bashing the idiot sons is cool.
nova wrote:
and the 
and the 
won't like that one bit.
AB, perhaps more like when $10 an hour will get you a 3/2 in a working class area.
i.e. When 2x the federal minimum wage will actually buy you a shot at life again?
The
Time for dinner...
Greek take-out tonight. Oh, the irony.
TTFN
10 bucks an hour used to qualfy you for a nice-ish shack in Miami. In 72.
The Greeks are obnoxious, but you can't eat them. Uncool.
It's 4:20
That's because they think they are going to get rich eventually and don't want to part with any of their projected wealth. /not snark
On housing prices. What will be the median wage in a given area in two years? Then figure 3x that and you will get the price?
Based on where wages and UE are going then most areas are going to come down. A lot.
That show is so fake it isn't even funny.
They've combined elements of the antique roadshow (the props) with utterly ridiculous 'negotiating' tactics that you'd never see in a pawn shop, ever.
No no, he's taking a Greek out tonite. Wonder if wifie understands.
ahhhhh.
The coopster is on a roll.
Lobbyist Ben Dover wrote:
Then they should be banks, right?
I'll take your word for it.
I've never been in a pawn shop.
Anonymous Bosch wrote:
I think I'm going to order turkey and eat in. Then, if the waiter trips, I could witness the downfall of Turkey, the overthrow of Greece and the destruction of China.
JD,
You have a pawn shop? I would be interested in what is coming in compared to 2 years ago.
I heard that dipshit Joe the Plumber on one of the right wing radio shows. He complained about how his business was being crushed by the Obama economy. What an ass.
I don't think LA will ever compress to 3-1. Even 5-1 would really be a massive deflationary shock.
Same probably goes, to a bit less of an extreme, for the bay area and at least a few east coast prestige locations.
lawyerliz wrote:
So, he'll be eating a Greek later?
traderwalt wrote:
Banks are voluntary, pawn shops and check cashing stores are options.
Fambly blog sconster. (Why didn't I think of that?)
greenchutes,
True. I was thinking regular America. The places where the gov, maybe a Univ, or a couple plants were the backbone.
and in checking previous threads, I see new house construction is
at an all time low?
nova wrote:
That haven't been offshored ? Where's that ?
~splat
Citizen AllenM wrote:
Damn - now you have a rep to live up to - they are really screwed.
Ford is the US car company that didn't get bailed out, right?
Ford in ‘Restructuring Mode’ Cuts 1,900 Jobs in Week (Update2) - Bloomberg.com
Lobbyist Ben Dover wrote on Wed, 2/24/2010 - 5:18 pm
"Here's a great idea. Have the union buy out the company and show the rest of us how it's done."
i dont think its a good idea
i dont think the average worker or union is going to make a good corporate manager and never siad they would
i have never advocated the elimination of management
i think maytag has a right to move its factory....even tho i dont like it or agree with it
how interesting that you have tried to change the argument
did anyone notice
i complained that the workers were being threatened for exercising a right to protest the movement of the factory
you have turned it into management verses worker
how clever
that may be coming soon...and we will see if it turns out better than it did during the GD1
maytag will get tax breaks for moving the plant i bet, not the least of which is tariff free importation
talk about framers intent..George Washington and company intended most of the federal gov should be run by tariffs... so much for original intent
and rest assured, if narco terrorist take over thee factory in mexico, american soldiers and american tax dollars will ride to the rescue
Well, along those lines (and your
chronicles), I've lately started to see evidence of a meme occasionally seen here - that the wealthier coastal areas are finally feeling what the farm country and rust belt felt 25-30 years ago. Looking at the Stockman piece in context, the skill of the FIRE-enablers in keeping the plates spinning despite the inevitability of this for the past couple of decades is impressive.
splat,
Elkhorn Indiana. The Saturn plant in TN. Wherever Chrysler lived. All the auto parts makers. Harley Davidson. Jet Ski makers....
now thats nice kcoop
ghostfaceinvestah wrote:
I [wrongly] predicted a Ford BK in June 2010 based on their balance sheet debt. C4C and customers gained from GM/Chrysler bought them some time, but I still think they are in trouble, especially with the government financing GM/Chrysler vehicles via GMAC. Lipstick on a pig is still Sarah Palin.
greenchutes wrote:
I don't think LA will ever compress to 3-1. Even 5-1 would really be a massive deflationary shock.
Guy: "River washed mah house away! Third time in 20 years!"
Interviewer: "What are you planning to do with your FEMA payout?"
Guy: "Rebuild"
Irrationality is sustainable... until the money's gone. How much illusion can you afford?
Lobbyist Ben Dover wrote:
As a businessman, I call that horse shit.
Show me one productivity gain since 1985 that business has shared with labor.
Show me one. I challenge you. Cite an authority.
Fact is, corporate profits have never been better because labor productivity has never been higher.
So, Mr. Lobbyist Ben Dover, who's the extortionist?
Bravo!
I have many friends that have pawn shops, not your usual kind where they'll loan on video games or Snap-On tools or anything that you couldn't lift with one hand, essentially.
Lots of Rolexes are coming in, as people downsize to a Timex that tells the exact same time, but there aren't so many buyers for the time bling now. Last time I was in one friend's store he had 21 Rolexes on display in his display case, I remember like 5 years ago, he'd have 5 or 6. I asked why he had so many of them on display, and he told me he had a bunch more in the back.
Diamonds are also coming in more often and they've gone out of favor as well
The most favored items to lend on are basic modern
jewelry, it's like a double win for them. They loan 1/2 of the melt value @ around 25% interest and if you default they end up with something worth double that's 100% liquid instantly, and if the loan gets paid off they make their vig.
greenchutes,
Then perhaps those areas were parasite homes? Kept alive by the rest of America. If so, it makes sense they would start showing the pain now.
All I need now is a Federation starship, and I could rule this sorry planet! Mwah ha ha!
S&P: Further downgrade in Greece's rating possible - MarketWatch
Greece is the word.
Standard & Poor's Ratings Services on Wednesday maintained Greece's BBB+ long-term and A-2 short-term sovereign credit ratings but warned that a ratings cut is possible in the near term. "In our view, a further downgrade of one to two notches is possible within a month," said Marko Mrsnik, an S&P credit analyst.
nova wrote:
Then perhaps those areas were parasite homes? Kept alive by the rest of America
Like the all-you-can-eat Buffet said once, when the tide goes out, we'll find out who's been swimming naked...
mock turtle wrote:
It is an impossible idea, they don't get it. The writing has been on the wall for how many decades. It is all about union wanting owner, management profits with out risk. As a businessman I am there to make money for me and my family first. Not a charity. Most Unions seem to think they are not part of the economic reset and have manipulated state and federal laws in to an unrealistic comfort zone . In business you grow or die. American business does not need expensive American labor in a very competitive world. In America if you don't like the mouse trap, you build a better one. That simple.
All I need now is a Federation starship
There's one in the asteroid belt now, but unfortunately, it isn't our federation.
JD,
I like pawnshops. I still try to go to a few when I travel. I noticed a change in the merchandise and services offered over the past few years. I doubt if the Western Union part and check cashing is as good as it was.
Ebay and Craigslist also changed things is my guess. Still, down south you still find the traditional ones.
RE wrote:
Hmmm. I'd be real interested in what 'real output' on that chart actually means.
I find it very hard to believe that people are incredibly more productive than they used to be.
Hollywood illusion is one of our few substantive exports left, so, plenty.
There are some places, Hawaii being one of them it has not been that low for over 100 years. I think we have gotten down to 4.5 times.
Lobbyist Ben Dover wrote:
That's a lot of warmed-over neoconservative crap.
Nice neighborhoods are just blood engorged ticks on the body of a steer thats going to be a downer soon.
nova wrote:
Nice neighborhoods are just blood engorged ticks on the body of a steer thats going to be a downer soon.
Love the imagery. Incidentally, I was raised in the rural midwest
Tough to write a G rated headline, but the Chinese deal for GM's Hummer division collapsed.
FT.com / Companies / Automobiles - GM’s Hummer China deal collapses
Funny how this situation is getting ZERO press coverage outside the Bay Area. There are estimates that as many as 20,000 to 50,000 jobs will be lost amongst suppliers.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/02/23/BUQJ1C5H8K.DTL
Kauai_Kahuna
Flaws in the theory. Not unusual.
As a businessman I am there to make money for me and my family first. Not a charity.
You don't have to be a philanthropist to understand that either we ride the waves together or eventually we all go down.
Who's going to defend your property and your rights, and so on, if you are only for yourself.
There are people who risk their lives and sometimes lose them for you. I'll stop writing now before I post something angry.
"Neocon" doesn't really apply to domestic issues AFAIK.
mp wrote:
In private industry, yes. In public safety and transit in a some of the more corrupt areas, the unions are political forces that get sweetheart deals for themselves -- "guaranteed second-highest wages in the nation." San Francisco. BART. You know.
These are the few seeds from which much of the unions-are-all-powerful-and-evil arguments spring.
pavel.chichikov wrote:
Exactly.
Are there no poorhouses!
Really cool stuff occasionally comes into a pawnshop, but rarely. I used to bird-dog a few dozen of them and stop in once every few months, looking for hidden treasures, and occasionally i'd score, but more often than not i'd leave the store empty handed, and laugh at how much more than market value the proprietor would want for his merchandise, generally.
Liquidity is the biggest issue nowadays, as redemption rates have fallen quite a bit and the collectibles market is cool on all fronts.
JD,
Plus the Internet is a great tool for discovering price. I always look at the guitars myself.
mp wrote:
Corporate profits for GM have come from world operations for many years, not North America. Most corps in America profits don't come exclusively from American workers. Jobs have been leaving for decades. Almost all the car parts sold by the big names are not made here anymore and have not been for years.
Old drum machines and synths are cool finds also
Lobbyist Ben Dover
you dont seem to ever respond to my point and i did respond to yours
ie i said the union should not take the bet and buy out and run the company
but now you argue something about the union wanting managments profits and not being willing to take the risk
what non-sense you speak
the crux issue here is a tax system and legal system that invites corporations to throw americans out of work and move off shore or next door
much as the hedgies and "fire" industries have done a-la cayman islands
dont you understand this country is being gutted??
i would take the bet on union purchase and ownership and operation of the company if we hadnt eliminated tariffs
depending upon the industry, some union workers may well be able to compete with foreign corporations without the elimination of tariffs
you say, "As a businessman I am there to make money for me and my family first. Not a charity." who ever asked managers and owners to operate a charity, why do you make extreme arguments? in between a charity and a slave plantation isnt there a middle ground?
you say, "Most Unions seem to think they are not part of the economic reset" ...and so i ask you again do we need expensive managers??? why dont you respond to that question now asked twice?
you say, "American business does not need expensive American labor in a very competitive world." is that what you call paying people in SE asia or central america 8 dollars a day or less with out benefits??? a competetive world?
you say, "In America if you don't like the mouse trap, you build a better one" yes indeed this form of fascist crony capitalism has turned out to be a very bad mouse trap indeed...plan on the average citizen reaching a braking point some time in the future and see what it gets us all
i have never been a fan of extremism , ...i dont like unfettered capitalism and i dont like unfettered socialism
unfortunately too many people want to live in a world where winner takes all ...a terrible shame...it will lead to our destruction
Lobbyist Ben Dover wrote:
You are helping me make my point. You don't see GM sharing its increased profitability with Chinese labor now, do you?
That's why they're there, and not here.
Jonathan wrote:
Are you serious? Production today is hugely more efficient (see lights-out manufacturing).
Here is a chart from Pettis that shows that the manufacturing share of GDP has remained at similar levels for the past 60 years. However, labor has not. Therefore there are far fewer people producing the same level of output.
Real Manufacturing Output and Employment
What is interesting beyond the union/consequences of automation issue is that this is happening with ON-shore production. There is NO salvation in keeping jobs at home. Just sayin'
p.s. the Wolff chart talks about real wages not real output.
edit: chart from here: The pace of change
Mock Turtle,
Americans don't buy American products and have desired foreign for years. Union members as well. The government has pushed for global economy for decades. NAFTA was a big clue. This country has to be reset (gutted) per our government to compete in the world market. Post WWII was pure illusion as to we can do anything. Reality is the world was destroyed and we where the only ones left to buy from because we could produce. We used our own resources. Where we really that good? We gave our country away. I get it but that is not the point. The world grows and I don't like it but I get it. To compete we have to go backwards from too much personal greed including unions. Managers are worth what they produce, they get fired if they don't get it done. They change jobs a lot in most businesses. What people make is not the issue unless you can't compete. I don't care how much anybody makes as long as they work hard and honest. That includes all workers but when the dynamics and profits don't work the thing have to change. That is what is happening. Workers lose jobs leaving the country not just for profits but the unions, EPA, OSHA, Taxes, government. Our government did not protect the American worker with proper boarder control and immigration. That is not all the businessman's fault. Americans refuse to do the simple work leaving a gap.
Cost around the world vary and $8 bucks a day with no benefits was good at one time in America compared to zero. They have an advantage we have squandered. We have been on a destructive course for decades and this mortgage financial stunt maybe the straw that broke everyone's back in America. I am not happy about much of what has happened and will happen. I just call them like I see them.
Is it that box thing that comes up around my post that makes nobody answer, or maybe it's out of context, or maybe I did something wrong, or maybe nobody knows the answer......
MP,
Sure they are and why? That is not American productivity either? It is American management productivity, not union workers. So with GM the Unions have shared in floating their demands from their global profits as well. We are all to blame if we are honest about it. I won't buy a UAW built car nor one assembled in Mexico or government owned one either. Luckily I have enough to last for a very long time. When Unions pay their share for the mess I will back off.
As a Chase (EMC/Bear Sterns) customer gnawing on my leg while waiting for a modification, I guess it's good to know that I'm in a wide company. And what's best here is that as of early January they said that I was essentially approved and just waiting for the last bit of paperwork to go through and then changed it by the end of the month to "We're reevaluating your modification based on the new guidelines" and some vague comments about being able to offer a better deal.
At this point I'd rather just have the process done with so I can get out of Limbo rather than sitting around. In any case, after the runaround I've gotten so far, it's going to have to be a pretty awesome deal to keep me from trying to save up and find a way to refinance it. Preferably with my Credit Union or a local community bank so I can have at least some confidence that my money's going somewhere useful.
FJ2 wrote:
The box you see means it is you comment, others do not see it. New here? Tough crowd but pretty fair, Lots to learn here. I missed the question, I will help if I can.
FJ2
yeah what lobbyist ben dover said
they see your writing...but not the square box around your writing, thats is for you to be able to pick your comments out quickly while scowling down
as for your question about taking a mod and affecting 9effecting? ) your credit score
i dont know the answer
wait for lawyerliz to be posting and then raise the question, she or those she posts with should know
LBD
i read your last, and agree with some of what you said
still, i find some of your comments like
Americans don't buy American products and have desired foreign for years.... This country has to be reset (gutted) per our government to compete in the world market.
i find comments like these cavalier and misguided because you take an "it is what it is" attitude as if we have to accept things the way they are and engage the world in trade on their terms or without rules andregulation...as if some immutable law
if foreign countries operated economies with child labor and slavery would we just say hey, america has to compete...where is the limit
i believe it is reasonable that the average worker, with hard work and diligence should be able to earn a living wage in a modern society
to put a point on it, the standard of living in the country for the average worker from WW2 thru the next several decades was reasonable
we are headed for the toilet and im not willing to just accept it...world competition, unions, management or not
i have children and i cant live on an island in a walled off community or state...if the country goes down the shitter we all are at risk
have a nice evening...and thanks for responding, even tho we disagree