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	<title>Comments on: Mortgage Foreclosure: Here Come the &#8220;Deadbeats&#8221;</title>
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	<link>http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/</link>
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		<title>By: Russron</title>
		<link>http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906761</link>
		<dc:creator>Russron</dc:creator>
		<pubDate>Tue, 26 May 2009 01:51:15 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906761</guid>
		<description>&lt;p&gt;Wasn’t Tester one of those supported here or on Daily KOS or Both?  I gave to the SOB, but never again.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Wasn’t Tester one of those supported here or on Daily KOS or Both?  I gave to the SOB, but never again.</p>
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		<title>By: MarkH</title>
		<link>http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906695</link>
		<dc:creator>MarkH</dc:creator>
		<pubDate>Tue, 26 May 2009 00:35:19 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906695</guid>
		<description>&lt;p&gt;When a lot of rich people start losing their corporate headquarters and malls and other properties bought with bad (or decent, but now underwater) loans I wonder what people like Tester will then say. Does it make any sense that someone (or group of partners) should lose the biggest investment of their lives to a bad or underwater mortgage any more than an individual should lose their home to the same kind of problem?&lt;/p&gt;
&lt;p&gt;What if the rich can save all their second homes and their investment properties, but nobody can save their first home, their residence? Isn’t that insane?&lt;/p&gt;
&lt;p&gt;When the rich come yelling to Congress about losing their properties, then I guess we’ll see Congress stand at attention and take their marching orders.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>When a lot of rich people start losing their corporate headquarters and malls and other properties bought with bad (or decent, but now underwater) loans I wonder what people like Tester will then say. Does it make any sense that someone (or group of partners) should lose the biggest investment of their lives to a bad or underwater mortgage any more than an individual should lose their home to the same kind of problem?</p>
<p>What if the rich can save all their second homes and their investment properties, but nobody can save their first home, their residence? Isn’t that insane?</p>
<p>When the rich come yelling to Congress about losing their properties, then I guess we’ll see Congress stand at attention and take their marching orders.</p>
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		<title>By: MarkH</title>
		<link>http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906686</link>
		<dc:creator>MarkH</dc:creator>
		<pubDate>Tue, 26 May 2009 00:29:10 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906686</guid>
		<description>&lt;p&gt;Wow! That’s a great pic. Tres moderne chic.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Wow! That’s a great pic. Tres moderne chic.</p>
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		<title>By: sharonsj</title>
		<link>http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906620</link>
		<dc:creator>sharonsj</dc:creator>
		<pubDate>Mon, 25 May 2009 22:05:54 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906620</guid>
		<description>&lt;p&gt;The next wave of foreclosures will come when the states with underfunded budgets keep raising school and property taxes.  My tax just went up 25% this year and already the state legislature is talking about raising it again.  I don’t see my Social Security going up 25-50% to pay for this and for all the other rising bills (particularly utilities and food).  A lot of old people out here (Pennsylvania) have their homes up for sale, hoping to get out before the cap on the electric company is removed in 2010.  I’d do the same if I could figure out where I could afford to live but I’m afraid the entire country is going down the tubes.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>The next wave of foreclosures will come when the states with underfunded budgets keep raising school and property taxes.  My tax just went up 25% this year and already the state legislature is talking about raising it again.  I don’t see my Social Security going up 25-50% to pay for this and for all the other rising bills (particularly utilities and food).  A lot of old people out here (Pennsylvania) have their homes up for sale, hoping to get out before the cap on the electric company is removed in 2010.  I’d do the same if I could figure out where I could afford to live but I’m afraid the entire country is going down the tubes.</p>
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		<title>By: annamissed</title>
		<link>http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906592</link>
		<dc:creator>annamissed</dc:creator>
		<pubDate>Mon, 25 May 2009 19:28:37 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906592</guid>
		<description>&lt;p&gt;Every dollar your house looses in value - because of deregulation,&lt;/p&gt;
&lt;p&gt;every dollar more you pay for pharmacuticals  - because of new IP legislation,&lt;/p&gt;
&lt;p&gt;every dollar more you pay on credit card debt - because there are no limits on usury,&lt;/p&gt;
&lt;p&gt;every dollar more you pay for gasoline - because of unregulated hedge speculation,&lt;/p&gt;
&lt;p&gt; - Is in effect, a form of - UNREGULATED TAXATION - put upon the American people at the whim and exclusive benefit to the financial elite. Every time the government ignores its duty to regulate financial intercourse in the name of small government and low taxes, it is simply turning that function and ability over to someone else, who are more than willing to take up the slack. Every time the government ignores its duty to regulate financial intercourse in the name of small government and low taxes, it also removes  transparency, accountability, representation, and possible recourse in lieu of what is paid out.&lt;/p&gt;
&lt;p&gt;Every time the government ignores its duty to regulate the financial intercourse in the name of small  government and low taxes - we get screwed.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Every dollar your house looses in value &#8211; because of deregulation,</p>
<p>every dollar more you pay for pharmacuticals  &#8211; because of new IP legislation,</p>
<p>every dollar more you pay on credit card debt &#8211; because there are no limits on usury,</p>
<p>every dollar more you pay for gasoline &#8211; because of unregulated hedge speculation,</p>
<p> &#8211; Is in effect, a form of &#8211; UNREGULATED TAXATION &#8211; put upon the American people at the whim and exclusive benefit to the financial elite. Every time the government ignores its duty to regulate financial intercourse in the name of small government and low taxes, it is simply turning that function and ability over to someone else, who are more than willing to take up the slack. Every time the government ignores its duty to regulate financial intercourse in the name of small government and low taxes, it also removes  transparency, accountability, representation, and possible recourse in lieu of what is paid out.</p>
<p>Every time the government ignores its duty to regulate the financial intercourse in the name of small  government and low taxes &#8211; we get screwed.</p>
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		<title>By: stvwlf</title>
		<link>http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906577</link>
		<dc:creator>stvwlf</dc:creator>
		<pubDate>Mon, 25 May 2009 18:56:30 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906577</guid>
		<description>&lt;p&gt;I love it when banksters get all moral about “a deal’s a deal” as far as people supposed to pay their mortgages when the value of their home becomes less than their mortgage balance.  &lt;/p&gt;
&lt;p&gt;Why doesn’t this also apply to banksters?  Why are WE giving them trillions of dollars?  Why aren’t they living up to their own responsibilities?  Why are they abandoning foreclosure proceedings against homeowners in areas like Detroit where houses are worthless, tossing the bills and the interest and the fines and penalties back on homeowners who couldn’t afford to make the payments on the homes in the first place.  Because its less costly to the banksters in the long run to not live up to their obligations.  &lt;/p&gt;
&lt;p&gt;So why is it supposed to be different for individuals?  Hey, &lt;i&gt;individuals&lt;/i&gt; need to do the moral thing and live up to their contracts, but as far as banks, its just business as usual - you know, morality is for PEOPLE, not for corporations - corp’s are just about money, not morality - that’s just how it is, don’t you know that.&lt;/p&gt;
&lt;p&gt;Somehow I think more and more formerly moral individuals are not going to agree with the banksters on this one.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>I love it when banksters get all moral about “a deal’s a deal” as far as people supposed to pay their mortgages when the value of their home becomes less than their mortgage balance.  </p>
<p>Why doesn’t this also apply to banksters?  Why are WE giving them trillions of dollars?  Why aren’t they living up to their own responsibilities?  Why are they abandoning foreclosure proceedings against homeowners in areas like Detroit where houses are worthless, tossing the bills and the interest and the fines and penalties back on homeowners who couldn’t afford to make the payments on the homes in the first place.  Because its less costly to the banksters in the long run to not live up to their obligations.  </p>
<p>So why is it supposed to be different for individuals?  Hey, <i>individuals</i> need to do the moral thing and live up to their contracts, but as far as banks, its just business as usual &#8211; you know, morality is for PEOPLE, not for corporations &#8211; corp’s are just about money, not morality &#8211; that’s just how it is, don’t you know that.</p>
<p>Somehow I think more and more formerly moral individuals are not going to agree with the banksters on this one.</p>
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		<title>By: PJEvans</title>
		<link>http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906574</link>
		<dc:creator>PJEvans</dc:creator>
		<pubDate>Mon, 25 May 2009 18:55:00 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906574</guid>
		<description>&lt;p&gt;The people who implied that housing values could keep going up forever (and that it was a good idea to use the house as a piggy-bank) are the same ones who also implied that the stock market would go up forever, and that profits would never end.&lt;/p&gt;
&lt;p&gt;Liars, every f*cking one of them.&lt;/p&gt;
&lt;p&gt;Who do they think will buy the houses and the stock, if we’re all unemployed or in minimum-wage or part-time jobs? There aren’t that many people with spare money out there any more, and they all have houses and stock accounts already.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>The people who implied that housing values could keep going up forever (and that it was a good idea to use the house as a piggy-bank) are the same ones who also implied that the stock market would go up forever, and that profits would never end.</p>
<p>Liars, every f*cking one of them.</p>
<p>Who do they think will buy the houses and the stock, if we’re all unemployed or in minimum-wage or part-time jobs? There aren’t that many people with spare money out there any more, and they all have houses and stock accounts already.</p>
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		<title>By: ubetchaiam</title>
		<link>http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906556</link>
		<dc:creator>ubetchaiam</dc:creator>
		<pubDate>Mon, 25 May 2009 18:16:09 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906556</guid>
		<description>&lt;p&gt;23 years later and what has changed? (rhetorical q)&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>23 years later and what has changed? (rhetorical q)</p>
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		<title>By: ubetchaiam</title>
		<link>http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906554</link>
		<dc:creator>ubetchaiam</dc:creator>
		<pubDate>Mon, 25 May 2009 18:11:55 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906554</guid>
		<description>&lt;p&gt;“because we’ll get to bail them out again” ; if that happens, you can kiss this nation’s AAA rating goodbye (if it’s not already gone by then) and find that the U.S. is in deed and fact a ‘banana republic’.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>“because we’ll get to bail them out again” ; if that happens, you can kiss this nation’s AAA rating goodbye (if it’s not already gone by then) and find that the U.S. is in deed and fact a ‘banana republic’.</p>
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		<title>By: SouthernDragon</title>
		<link>http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906538</link>
		<dc:creator>SouthernDragon</dc:creator>
		<pubDate>Mon, 25 May 2009 17:38:37 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/05/25/mortgage-foreclosure-here-come-the-deadbeats/#comment-1906538</guid>
		<description>&lt;p&gt;&lt;a href=&quot;http://www.youtube.com/watch?v=jFowNFvmUxw&amp;feature=PlayList&amp;p=F50B1B392CFEF3A7&amp;playnext=1&amp;playnext_from=PL&amp;index=10&quot; rel=&quot;nofollow&quot;&gt;Lives in the Balance&lt;/a&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p><a href="http://www.youtube.com/watch?v=jFowNFvmUxw&amp;feature=PlayList&amp;p=F50B1B392CFEF3A7&amp;playnext=1&amp;playnext_from=PL&amp;index=10" rel="nofollow">Lives in the Balance</a></p>
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