Paying for other people’s mortgage?
by Mortgage Rates on Friday, November 5th, 2010 | 6 Comments
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Where do you think the money to refinance is coming from?
Because talk radio keeps repeating the same old hoopla for ratings, and some people believe it.
Hey, we pay more than 50 percent of our income to taxes. That’s just the way it is (in Canada that is) and the rest of where our money goes to is all overinflated too.
That’s just life. What makes you think you are anymore special than anyone else? You want a better life, get an education, make big cash, and do like the rest of the folks do, hide it from Uncle Sam in some big Swiss bank account.
Freedom rocks…where is the freedom by the way….so you are saying your GOVERNMENT has been duping you all along? Well, well, there is a surprise. At long last it’s dawned however and I just dont get why people dont see when someone is trying to fix it.
What is your alternative DO NOTHING???? Oh I can just imagine the outcome of that scenario.
And I do agree with Les, both GOVERNMENT and BANKS let the people down by overextending them loans they could not afford to pay.
It’s so easy to buy with a piece of plastic and put all your hopes and dreams on it but the time has come to pay the piper and wow what a price tag it holds.
Government has failed the people but the people were complacent too. Government only works when you kick it’s A.S.S. and make it work for you.
RELIGION has no part in it, and that was the BIGGEST downfall of all and how government screwed you all over and why the two should never mix.
Maybe people are starting to understand that now.
Business and Religion DO NOT MIX.
Government is a BUSINESS, one that runs PEOPLE and their interests. The CHURCH is not government.
All nations are based on religious values but should not be so foolish to let the church actually GOVERN these affairs.
We tax payers are taking on paying off the portion of the mortgage that is larger than the current market value of the homes. The government is allowing the banks to write off “toxic assets” at tax payers expense.
You are right, we are not paying for other people mortgage directly. However, by giving the banks tons of money, we are writing off their bad mortgage debt. This is horrible because these banks SHOULD have known better. It isn’t the people’s fault for over-reaching. I have never seen or heard of any person having so much control and power that they can dictate terms to a bank. (unless they are Donal Trump).
What the phrase “paying for other people’s mortgage” does in instill hatred into people.
Who do you think is going to pay for the difference they do not pay. Tax payers!! They are going to get a reduced principle so there payments are lower