Comments on: File This Foreclosure Story under “Duh”

By: Brent

Brent — Mon, 24 Nov 2008 19:15:38 +0000

I couldn’t agree more. I get sick of the sob stories. There is no mystery behind how these people got in to the position they are in now, changing things won’t solve anything.

By: Caleb @ Blueprint Economics

Caleb @ Blueprint Economics — Sat, 22 Nov 2008 13:44:52 +0000

The customer is always right I guess. I think that it is more about getting America back on their bearings. But to get America back on their bearings, I guess America will rewrite all of the rules. The following entities now qualify for a government issued hand-out:
1. Consumers: with little to no income, who have mysteriously got stuck in a Adjustable Rate Mortgage, which just so happened to have “adjusted”.
2. Big businesses: who despite, global warming, and the consumer’s desperate cries for fuel efficiency, have continued to put their eggs in a “gas-guzzling” basket.
3. Lenders: who preyed on misinformed consumers, so much so, that those misinformed consumers can no longer pay full price for services.
4. America: the setting for this circus.

By: Andy

Andy — Fri, 21 Nov 2008 16:05:33 +0000

Some good points made here. Right now the only industry doing well is the financial media thanks to all the bad news (which sells). Just a few years ago they were promoting the companies and practices they are now deriding. If you get your news from the mainstream media you could be missing out on the real story.

By: RDS @ Smart Financial Values

RDS @ Smart Financial Values — Fri, 21 Nov 2008 14:36:22 +0000

It amazes me how the media never sees anything as the consumer’s fault. Certainly, there is plenty of blame to go around for the condition of our economy. However, in almost all cases, overwhelming consumer debt can be blamed on the individual consumer, overwhelmingly.

By: Stop Getting Cheated

Stop Getting Cheated — Fri, 21 Nov 2008 14:35:56 +0000

No kidding. This is a great post. Creative loans got us into this mess, they certainly are not going to get us out. I’m glad you confront this horse pucky head-on. Great job. This is an insightful blog.