Some things just stand to Reason. When this side is telling you that, and that side is telling you this, ponder what stands to Reason. For one thing, it stands to Reason that we have brains for a reason. Use ‘em or lose ‘em.
The “deleveraging” process in which we “find” ourselves? That’s BAD DEBT that is being unraveled . . . the more slowly owing to the continued blitzes by Advertisers AND Government commanding us to buy, Buy, BUY.
WHO is not clear that More, More, More, Waste, Indulgence, New & Improved, Extravagance, This Year’s Model, Recklessness, Bigger, Better, Faster, Greed, GREED and MORE GREED lie beneath the bullshit through which we are daily slogging? WHO THE FUCK IS NOT CLEAR ON THIS POINT? Email me: implausibleendeavors@gmail.com
And STILL . . . I can scarcely believe my ears . . . I hear shopper-pleasers like “No Money Down” and “No Payments Until Whenever.” You know what I want? I want a cross-reference between the Players in the Mortgage Meltdown and the Players in Loan Modification. The names that appear on both lists are EXACTLY with whom to begin criminal investigations, with an eye on relieving people of licenses to practice where pertinent (”luckily,” we have plenty of qualified Unemployed to fill their loafers) and of tossing particularly dirty white collars in with the orange-clad crowd.
For corrupt politicians and corrupt executives alike, I favor Lifetime Bans from politics, finance and law.
If we will avoid a repeat of this financial fiasco, which follows on the S&L fiasco, which follows on a previous bailout of Detroit, WE MUST TAKE THE BAD GUYS TO TASK. The alleged Credit Crisis has always paled beside the CONFIDENCE CRISIS.
But separately . . . even if we could punish all the scoundrels and slay all the dragons . . . the Belt Tightening remains. In the same way that we have no ethical or practical choice but to vanquish our Made In America Bad Guys, we have no ethical or practical choice but to CURTAIL SPENDING.
Curtailed Spending and Strategic Boycotts go together like . . . well, like Hank the Bank Paulson and Tiny Tim Geithner.
Money talks. Withholding money hollers right back.
modify loan…
A foreclosure is a loss to the bank as well as the borrower. While the borrower loses his/ her home, the bank incurs heavy expenses to conduct the auction and yet do not get the full amount of mortgage. The loss mitigators try their level best to avoid…