[Ludi]

$this->bbcode_second_pass_quote('deMolay', '.') You are supposedly an American Patriot.

[deMolay]

You are welcome SLAVE now pass the Kool Aid.

[joewp]

That's all bull. Santelli or somebody should stand up on national TV and declare we need to end creating money as debt in loans from banks and the Fed. That would be the rant of the century.

PS - In our current monetary system, paying off all debt would destroy every penny of our money supply.

* "The present Federal Reserve System is a flagrant case of the Government’s conferring a special privilege upon bankers. The Government hands to the banks its credit, at virtually no cost to the banks, to be loaned out by the bankers for their own private profit. Still worse, however, is the fact that it gives the bankers practically complete control of the amount of money that shall be in circulation. Not one dollar of these Federal Reserve notes gets into circulation and without someone paying interest of someone paying interest to some bank to keep it circulation. Our present money system is a debt of money system. Before a dollar can circulate, a debt must be created. Such a system assumes that you can borrow yourself out of debt."

― Willis A. Overholser, LL.B - in History of Money in the United States.

[coyote]

$this->bbcode_second_pass_quote('Sellis1012', 'T')hat mentality is the mentality that has preceded every revolt. Obama best be oh so cautious on the pot he is stirring. When my hard work and long hours are rewarded by deadbeats coasting off the sweat of my brow, I WILL NOT lay down. I am SO ready to return our country back to the constition my forefathers died for. Socialism be D*MNED!!!!!! THERE WILL BE WAR!!!!! I WILL NOT GRIND AWAY DAY IN AND DAY OUT SO SOME FAT, 400 LB B*TCH CAN RIDE HER WAY THROUGH WAL-MART ON AN ELECRTIC WHEEL CHAIR BUYING SH*T MADE IN CHINA FOR A HOME SHE DID NOTHING TO DESERVE!!!!!!

[Ludi]

$this->bbcode_second_pass_quote('Sellis1012', ' ') When my hard work and long hours are rewarded by deadbeats coasting off the sweat of my brow, I WILL NOT lay down.

[Ludi]

$this->bbcode_second_pass_quote('deMolay', 'Y')ou are welcome SLAVE now pass the Kool Aid.

[Livewire713]

$this->bbcode_second_pass_quote('Sellis1012', '')$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('deMolay', 'D')o you pay TAXES for what you already own Ludi. If you do then you are a SLAVE a TAX Slave. And You Have a Master. Just like all the rest of us that are forced into Involuntary Servitude.

[Ludi]

$this->bbcode_second_pass_quote('Livewire713', '
')
You don't think the people that are losing their homes while Wall Street gets unlimited bailouts aren't pissed and wanting to revolt?

[drew]

I watched the tool on CNBC too. They're all a bunch of tools IMO. What do a bunch of fat cat traders have to bitch about anyways? The folks on that channel are so far removed from the common man it's not even funny. Not one of those individuals is making less than 6 figures, I guarantee it. That trader has the gall to bitch about things now after he and his friends took huge advantage of a system that completely enriched them over the past decades, at the expense of the poor and middle class. Makes me sick!


Drew

[lawnchair]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('Ludi', '
')If you don't want to support deadbeats, don't work so hard. That's probably a lot easier and better for your health than fuming about a revolution you have no intention of beginning.

[UltraViciousBudgie]

$this->bbcode_second_pass_quote('Ludi', '
')Only people with an income who qualify will be getting the new loans. But I guess if you prefer your neighborhood to be a ghost town, you should write to your reps to tell them to stop any legislation to help homeowners.

[UltraViciousBudgie]

$this->bbcode_second_pass_quote('lawnchair', '')$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('Ludi', '
')If you don't want to support deadbeats, don't work so hard. That's probably a lot easier and better for your health than fuming about a revolution you have no intention of beginning.

[Pretorian]

$this->bbcode_second_pass_quote('Livewire713', '.') Does another 75 billion even really matter? Its just pocket change compared to the total amount due.

[Pretorian]

$this->bbcode_second_pass_quote('coyote', '')$this->bbcode_second_pass_quote('Sellis1012', 'T')hat mentality is the mentality that has preceded every revolt. Obama best be oh so cautious on the pot he is stirring. When my hard work and long hours are rewarded by deadbeats coasting off the sweat of my brow, I WILL NOT lay down. I am SO ready to return our country back to the constition my forefathers died for. Socialism be D*MNED!!!!!! THERE WILL BE WAR!!!!! I WILL NOT GRIND AWAY DAY IN AND DAY OUT SO SOME FAT, 400 LB B*TCH CAN RIDE HER WAY THROUGH WAL-MART ON AN ELECRTIC WHEEL CHAIR BUYING SH*T MADE IN CHINA FOR A HOME SHE DID NOTHING TO DESERVE!!!!!!

[firestarter]

The mo mod plan is outrages on a number of fronts.

The idea that taxpayers and not the banks take the hit should be your first clue as to who this is really meant to benefit here.

Also, how about the millions of folks who have been foreclosed on over the last couple years? Where's EQUAL treatment for them?

How many of these loans to be modified were done fraudulently vis a vis the buyer? There is no discovery process in the legislation to ferret the crooks out.

As for calling Santelli a hack for the well to do, I suggest you learn more about him. He has for many years on CNBC railed against the financial establishment, virtually all by himself. He, and the floor traders at the CBOE are not particularly wealthy either. They are the bluest collared of the white collar financial crowd out there. I play basketball with a couple of these very traders twice a week. They could easily be mistaken for construction tradesmen. They're that down to earth.

I'm all for the banks being forced to take write-downs on these loans, many of which were fraudulent on their end. I'm not for, however, the banks getting away Scot free--AGAIN-- while the taxpayers absorb their bad bets. Let these banks fail. Shit, let the govt start up new banks in their place. But enough of rewarding the very folks who brought us this mess. It's really that simple.

[Livewire713]

$this->bbcode_second_pass_quote('UltraViciousBudgie', '')$this->bbcode_second_pass_quote('Ludi', '
')Only people with an income who qualify will be getting the new loans. But I guess if you prefer your neighborhood to be a ghost town, you should write to your reps to tell them to stop any legislation to help homeowners.

[Livewire713]

$this->bbcode_second_pass_quote('Pretorian', '')$this->bbcode_second_pass_quote('Livewire713', '.') Does another 75 billion even really matter? Its just pocket change compared to the total amount due.

[Ludi]

$this->bbcode_second_pass_quote('Livewire713', '
')My point Pretorian. If 75 billion cost each of us a grand, how much will the 10, 15 or 50 trillion dollars going to cost? Theres no way in hell were ever going to pay for all of this.