The Conservative Cave
Current Events => The DUmpster => Topic started by: LC EFA on February 18, 2009, 04:48:09 PM
-
ORDagnabbit (1000+ posts) Wed Feb-18-09 03:47 PM
Original message
so what happens if millions of us decide to not pay our mortgages, credit cards and auto loans?
Betcha we'd get a deal damn quick.
time to start some sort of freedom from the banksters party.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5083092
Your friendly repo man gets to hire some more staff and buy that fishing boat he's been after. I get to buy some more houses and boats at foreclosure sales, and you don't get a line of credit for the next 10 years.
villager Donating Member (1000+ posts) Wed Feb-18-09 03:49 PM
Response to Original message
1. I think it's a rather marvelous idea.
n/t
Why am I not surprised.
zagging (304 posts) Wed Feb-18-09 03:50 PM
Response to Original message
2. Done, and done
WolverineDG Donating Member (1000+ posts) Wed Feb-18-09 03:51 PM
Response to Original message
3. I'd keep paying my secured loans (house)
but credit cards? Buh-bye.
dg
Greyhound Donating Member (1000+ posts) Wed Feb-18-09 03:52 PM
Response to Original message
4. I think that's pretty much what has happened.
Not voluntarily in most cases though.
Fire1 (1000+ posts) Wed Feb-18-09 03:55 PM
Response to Reply #4
5. But obviously not enough.
Now that the chorus line is done, back to a little reality.
Zywiec (1000+ posts) Wed Feb-18-09 04:26 PM
Response to Reply #11
15. So let me get this straight
You buy a car using credit, then stop paying and no one comes after the car?
I guess in some corners of the world, that might be considered stealing or fraud?
:shrug:
Lousy Freeper Troll.
backscatter712 Donating Member (1000+ posts) Wed Feb-18-09 04:50 PM
Response to Reply #15
20. Considering that the banks have been committing a form of theft known as usury,
try to think of it as stealing back what was rightfully yours.
I remember hearing that during the Depression and other economic downturns, citizens would do things like eviction resistance. As in if a person was getting foreclosed on, the entire neighborhood would blockade the cops from evicting the person from his home.
We need to be doing more of that.
I guess the bank can "steal back" what they deem to be rightfully theirs. For example the house/car/electrical goods you with their money. That probably doesn't seem so "fair" now right dummie.
Zywiec (1000+ posts) Wed Feb-18-09 05:01 PM
Response to Reply #20
23. "Banks have been committing a form of theft known as usury"
If people didn't succumb to buying everything on credit, then there would be no usury, would there?
In each case of the "theft", YOU initiate the transaction:
- Gotta have something instead of saving for it - then complain about the interest rate and default on the loan
- Intentionally purchase a car with the intent on not even paying the loan - blame it on banks again
Is this the way the current generation really thinks?
Wow!
:crazy:
How the hell you managed to amass more than 1000 posts without being given a granite slab intrigues me.
Fire1 (1000+ posts) Wed Feb-18-09 04:17 PM
Response to Reply #7
12. snarky remarks are unnecessary. Rising credit card interest
rates on customers with A+ credit, sub prime loans with 'creative' financing are indicative of corrupt financial institutions and lenders in most cases. CDS was the brain child of the greedy fat cats on Wall St. who clearly took advantage of false prosperity along with apparaisers, realtors and underwriters.
Don't expect to have A+ credit for real long when you have multiple defaults and seizures.
marew Donating Member (494 posts) Wed Feb-18-09 05:22 PM
Response to Reply #12
27. So personal responsibility doesn't count?
So people who thought they could buy a $400,000 or more house making $20,000 a year, that HAD to charge the latest HD TV, the latest iphone, drive a new car every year, whatever, aren't responsible for their own condition? Come on. These people are not in the same league with the people with normal mortgages based on a ratio to their income, who worked hard and lost their jobs through no fault of their own. Those are the people we should be helping. Regarding credit cards, no one ever forced anyone to run their credit card to the max or to live beyond their means. Yes, the financial institutions were corrupt but the people who fell for it very much wanted to believe it. Just like the Madoff victims. They wanted to deny reality and believe the fantasy.
Hey, there's no call of offensive language like that.
Grinchie (663 posts) Wed Feb-18-09 04:24 PM
Response to Original message
14. Lets try it for a year.
Actually, I have succeeded at it, and I am completely out of debt, live in a wonderful set of homes, don't buy much, because in reality there is nothing of any quality available that is made in the U.S.
The only thing I need is healthy food, pure water, and the Internet.
I can thank Enron for Bankrupting California, and as a side effect, me several years ago. It forced us to re-evaluate the rat race, and experience first hand what a total sham our economy really is.
I work for myself, make my own hours, and have the ability to actually think about current events instead of worrying about things for other people. I pay myself first, and I am much happier for it.
What about the infrastructure that is essential to providing these services, dumbass.
leftstreet Donating Member (1000+ posts) Wed Feb-18-09 04:44 PM
Response to Reply #16
19. So it's not theft when the Ruling Class steals from us?
:shrug:
News flash DUmmie. If I wanted to "steal" from you, I'd knock your ass down and do just that. What exactly do you have that would make stealing from you worthwhile.
-
Hmmm, sounds like I could be getting a hellacious deal on a new runner at the repo lot!
:popcorn:
-
Every thing that DUmmies want and stand for always boils down to one thing.
They want to opt out of contributing in any way to an honest and productive society all the while enjoying the benefits of one.
-
Every thing that DUmmies want and stand for always boils down to one thing.
They want to opt out of contributing in any way to an honest and productive society all the while enjoying the benefits of one.
While demanding that everyone else contributes everything that can be taken from them.
-
Oh now, the backscratching primitive is just being silly.
backscatter712 Donating Member (1000+ posts) Wed Feb-18-09 04:50 PM
Response to Reply #15
20. Considering that the banks have been committing a form of theft known as usury,
try to think of it as stealing back what was rightfully yours.
I remember hearing that during the Depression and other economic downturns, citizens would do things like eviction resistance. As in if a person was getting foreclosed on, the entire neighborhood would blockade the cops from evicting the person from his home.
We need to be doing more of that.
The boldened allegation never happened; there's no mention of such things in archives of the Great Depression.
What actually happened was that when a bank would foreclose on a farm, the neighbors would get together to bid--and Heaven help some unsuspecting potential purchaser who had no idea what was going on--and they would bid ludicrously small amounts, keeping the bank stuck with the farm, and it was hoped (it sometimes worked, sometimes didn't) making the bank more amenable to work out a deal with the farmer.
Or if there was a farm auction of goods not real-estate, neighbors would get together and bid one, two, or three cents on items--again, being sure unsuspecting potential buyers who hoped to make more reasonable bids, didn't--and then after the sale was over, the "buyers" gave the goods back to the dispossessed farmer.
Sometimes the neighbors vigorously tried to, physically, stop a sale. This especially happened in Iowa, where there actually occurred some lynchings, and threats of lynching, bankers and judges.
In all of the literature of the Great Depression that I've read--which is mountains of it--I've never seen any reference to urban resistance to eviction.
That could very well be that people in urban areas had been being evicted since God was a boy, and so urban evictions during the Great Depression weren't any big deal; they had always happened.
-
Hmmm, sounds like I could be getting a hellacious deal on a new runner at the repo lot!
:popcorn:
we would employ a lot of conservtives in the repo business that would be for sure
-
ORDagnabbit (1000+ posts) Wed Feb-18-09 03:47 PM
so what happens if millions of us decide to not pay our mortgages, credit cards and auto loans?
Isn't that what got us into this mess in the first place?
******* morons.
-
backscatter712 Donating Member (1000+ posts) Wed Feb-18-09 04:50 PM
Response to Reply #15
20. Considering that the banks have been committing a form of theft known as usury,
try to think of it as stealing back what was rightfully yours.
I remember hearing that during the Depression and other economic downturns, citizens would do things like eviction resistance. As in if a person was getting foreclosed on, the entire neighborhood would blockade the cops from evicting the person from his home.
We need to be doing more of that.
And just yesterday (or the day before) we were told that it was the almighty government's money to do with as they pleased. Imagine that...
-
This mentality reminds me of my brother who filed for bankruptcy a couple of years ago for 60k worth of credit card debt. He used the "it's the banks fault for giving me the credit in the first place" line. The majority of that 60k was money he took out so he could gamble. His reasoning was that he was going to "hit the big one" one day and would be set for life so he didn't have to work. Oh by the way, he is in his late 40's and still living with my Dad. He doesn't want a "regular" job, he wants to make photographic coffee table books. :whatever: I told him no one would buy his coffee table books because he is an unknown. He thinks the guy who did "Piss Christ" is a genius if that tells you anything about him. I love him but he would feel right at home in DU land.
-
This mentality reminds me of my brother who filed for bankruptcy a couple of years ago for 60k worth of credit card debt. He used the "it's the banks fault for giving me the credit in the first place" line. The majority of that 60k was money he took out so he could gamble. His reasoning was that he was going to "hit the big one" one day and would be set for life so he didn't have to work. Oh by the way, he is in his late 40's and still living with my Dad. He doesn't want a "regular" job, he wants to make photographic coffee table books. :whatever: I told him no one would buy his coffee table books because he is an unknown. He thinks the guy who did "Piss Christ" is a genius if that tells you anything about him. I love him but he would feel right at home in DU land.
I am still wondering how something you didn't pay for is "rightfully yours"
-
I see the buttscatter primitive his showing his "intellect" once again. :loser: :lmao:
-
Isn't that what got us into this mess in the first place?
damn morons.
Crap! Beat me to it.
-
My God, this has to be the most depressing thing I've read as to the sorry state of our country. Aside from a few voices in the wilderness, they are actually encouraging each other and justifying what is essentially stealing.
Well, as we know, these libtards NEVER think things through, from Obama all the way down. They miss even one payment, and it's goodbye to credit for a very, very long time, maybe forever. They'll have to save their pennies for things they want. The stupidity of not being able to look beyond square one is astounding.
-
My answer to that question....
I buy my first house even cheaper than I expected! Mwhahaha
-
Millions of you better have a van or a station wagon.
-
Millions of you better have a van or a station wagon.
...not if they bought it on credit.
-
...not if they bought it on credit.
There's always Craigslist.
-
You "millions" get on with it. I can't wait to see how crowded your local library gets when all 5000 of you start bitching about how your homeless and everything you owned was auctioned off.
-
My answer to that question....
I buy my first house even cheaper than I expected! Mwhahaha
H5! Same here!
-
What about the infrastructure that is essential to providing these services, dumbass.
Heh, reminds me of an encounter about a year and a half ago with a one-toothed Quebequois who was filling my gas tank. He was telling me why Quebec doesn't need the rest of Can-uh-duh. "We 'ave our own gas stations, eyedro powair, and lots of cows for milk an' meat." ::)
-
I just don't understand that whole mentality.
I don't make a lot of money. I bought a house that's old and needs renovation. It was well within my price range. I have no credit card debt. My car purchase was very reasonable and within my price range.
Now, I walked into the dealership and asked for such and such car. I let them tell me the terms. I signed up.
I walked into my bank and said "I want a mortgage for this amount, 30 years fixed." I signed up.
These are my obligations. If I just decided to not pay them then it would be stealing if I decided to just keep them. Period.
Live within your means and you can make it. It's called rice and beans. Enjoy.
-
Millions of you better have a van or a station wagon.
and a place to park it "down by the river"! :rotf: :lmao:
-
I just don't understand that whole mentality.
I don't make a lot of money. I bought a house that's old and needs renovation. It was well within my price range. I have no credit card debt. My car purchase was very reasonable and within my price range.
Now, I walked into the dealership and asked for such and such car. I let them tell me the terms. I signed up.
I walked into my bank and said "I want a mortgage for this amount, 30 years fixed." I signed up.
These are my obligations. If I just decided to not pay them then it would be stealing if I decided to just keep them. Period.
Live within your means and you can make it. It's called rice and beans. Enjoy.
With DUmmies............you can't :mental:
Again you did what DUmmies would never think of doing.
Been there done that, got me through the tough times. Again, it would never cross a DUmmies "mind" whatever the f*ck that is. :p
Good post.
Oh, rice and beans make great breakfast burritos. :drool:
-
If I just decided to not pay them then it would be stealing if I decided to just keep them. Period.
And that right there is what seperates you from the lunatics over there.
You still believe in things like the law and that pesky thing called "obligations".
Those kool aid drinking morons at The DUmp have bought hook line and sinker into the Liberal belief that it's the governments job to take care of them from womb to tomb.
And that includes excusing them from their financial as well as their moral and legal obligations that are expected of most people in a polite society.
-
My wife and I specifically did not buy a house near her parents because I was unsure whether or not we could make the payments. (The asbestos-lined furnace, which the seller didn't want to remove, was a reason, and it was the "stated" reason to the broker, but it was a minor reason--in my gut, I wasn't confident we could afford it.) We didn't do something stupid--and now we get penalized for it, by having to pay for the idiots that did. Or, more accurately, The Heiress gets penalized for it.
It's gonna take some serious stuff happening, before this reverses itself.
-
The bonfire still rages on, with comments about evenly split between these two samples:
earth mom (1000+ posts) Wed Feb-18-09 06:16 PM
Response to Original message
44. Kinda like Robin Hood for the new millennium?
I love the idea of sticking it to the banks.
Donate to DU and give valentine hearts to your friends! Click here.
Printer Friendly | Permalink | Reply | Top
Mike 03 (1000+ posts) Wed Feb-18-09 06:29 PM
Response to Original message
45. Call me old fashioned (even though I'm not old enough to be old fashioned), I actually
only buy things that I can pay for.
-
earth mom (1000+ posts) Wed Feb-18-09 06:16 PM
Response to Original message
44. Kinda like Robin Hood for the new millennium?
I love the idea of sticking it to the banks.
Idiots. Robin Hood did NOT steal from the rich (or perceived rich). Robin Hood stole from the GOVERNMENT. Get it right you dumb asses.
KC
-
I used to love to push down houses and grind them into itty-bitty pieces with my buldozer.......I may have to come out of retirement for this.... :naughty:
-
I used to love to push down houses and grind them into itty-bitty pieces with my buldozer.......I may have to come out of retirement for this.... :naughty:
(http://i75.photobucket.com/albums/i310/ReeW/smilies/nopics.gif)
Heavy equipment turns me on...lol
-
Idiots. Robin Hood did NOT steal from the rich (or perceived rich). Robin Hood stole from the GOVERNMENT. Get it right you dumb asses.
You're right, and thank you for pointing that out.
-
You're right, and thank you for pointing that out.
It's just a pet peeve of mine. Those wanting to justify taking something from someone else seem to use that analogy a lot and it bothers me.
You're welcome, btw.
KC
-
So what happens if millions of us decide to not pay our mortgages?
Uh, millions of you will lose your houses!
WOW! Now my brain hurts, cause I had to think that one up! :-)
-
Millions of you end up like Matt Foley, living in a van, down by the river?
And NO, I would not stop to help you. People who CHOOSE to live like that garner no sympathy from me.
-
Millions of you end up like Matt Foley, living in a van, down by the river?
And NO, I would not stop to help you. People who CHOOSE to live like that garner no sympathy from me.
Let them find tent cities to live in
-
Let them find tent cities to live in
I was thinking that they and Cynthia McKinney would be herded into the camps for "reeducation".
-
I was thinking that they and Cynthia McKinney would be herded into the camps for "reeducation".
they have tried and tried but she unable to learn facts or unlearn whatever the heck they implanted on the mothership
-
Let them find tent cities to live in
I just acquired for free several rolls of 12 foot wide heavy duty rubberized experimental roofing material. I'm thinking of building tents to rent out to the new homeless. Wonder what I should charge for a 12x12 tent with a communal PORTA-POTTY? .....or better yet, what kind of gummint loan you reckon people could get on them? ....the stuff is guaranteed for 20 years.