investors: can make good decisions and bad ones. if they made a bad one, they will lose money and will have to suffer the consequences of that action. suing to retrieve money lost – is not a feasible action. investing is not designed to recoup any money lost. if you sue because of that and expect it, good luck and lose like any other investor. i wud like to invest in a new oil plant because the last oil plant was built over 40 yrs ago. a new one could process oil better and quicker. this would provide more fuel with better quality. if we keep modifing the old ways, it will eventually come a failure. like the military, for example, us warships, most of them are designed to last approx 20 yrs. so why not redesign and make a better oil plant and save money to give the americans a better gas and price.
bankers: they make judgements on individuals – can they make a payment based on their current salary or money income. so not only on homes, but houses and personal loans. they might lose money if they make bad choices and then the bank loses money – who do they sue? nobody!….
so both have to make choices and suffer if they lose money. invest correctly and you make money.
I’m not even going to go into your rant about your insurance rates because you made zaero sense .
But your statements about capitalism are plain wrong. This has been and still is the one country on earth that provides unlimited opportunity for a person who is willing to work hard to achevie the “American Dream”. Problem is most (not all)of the people you speak of who can’t get ahead and pay their bills have fallen prey to the entitlement mentality where they feel that when the going gets rough they expect the government to step in and hand them money rather than they themselves step up and be responsible for their own destiny.
I am a high school dropout. My wife has not worked outside the home in 17 years so she can stay home and be a Mom to our two kids rather them pawn them off on daycare. I started an insurance agency from scratch with zero experience in the industry and nothing more than the drive to succeed and provide for my family. I am successful in life because my wife and I have made it a point to be successful and we both work our collective asses off in the office and at home to make it happen. I am not alone in this.
Countless people in this country succeed because they are driven to succeed and know that self reliance and self determination are the keys to getting where you want to be in life. Set your goals high and with hard work you’ll reach the highest heights. Set your golas low and you find you’ll most likely meet your expectations and be forever blaming someone else for your failures in life.
If you started in the 1950’s you got a lucky break and you have a helpmate. Try starting now with the high cost of living and slow economy.
Did you have family support?
Maybe you should read…The Working Poor. Stop living in the past. These days we are living in are not the same. They lack moral and ethical values.
Yes, I am upset. With the fraud and corruption in business, government, and around us. Like Barack said….Change… This country needs change. Look around you. Stop living in a glass bubble.
Knowing whether you can afford a home is personal decision and responsibility. What kind of idiot relies on a bank or mortgage company (or any other vendor that is selling things) to make that determination for them. I have no sympathy for those who blame others for their ingorance and poor judgements. What’s next? Provide every breathing being with a personl assessment of what they’re capable of in everything in life.
They know big screen TV, the Apple phone, and Playstation 3 but they can’t figure out how much they can afford a month?
You can bet this suit is inspired because INVESTORS lost money due to Countrywide’s loosening of underwriting standards. There is obviously no plan to compensate those who made bad buying decisions and lost their homes due to increasing payment schedules. It’s sad but true that these types of suits receive a lot more merit when they affect investors and their pockets than when they affect the middle classer who is trying to make it in our material world.
I have purchased and sold a number of homes. In fact one loan was with Country wide. I knew exactly what was going on, that is my responsibility…if not asked questions. Government should not be bailing out buyers either in my opinion.
No one wants to be responsible for their own actions.
And wern’t these “investors” supposedly better informed buyers than the general public having dealt with the market more. I guess whinning knows no bounds.
Go ahead, AH, sue Countrywide, then it goes bankrupt then where will everyone be who has their mortgage? Knock it off! Suing will get money only in politicos pockets, nothing else!
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investors: can make good decisions and bad ones. if they made a bad one, they will lose money and will have to suffer the consequences of that action. suing to retrieve money lost – is not a feasible action. investing is not designed to recoup any money lost. if you sue because of that and expect it, good luck and lose like any other investor. i wud like to invest in a new oil plant because the last oil plant was built over 40 yrs ago. a new one could process oil better and quicker. this would provide more fuel with better quality. if we keep modifing the old ways, it will eventually come a failure. like the military, for example, us warships, most of them are designed to last approx 20 yrs. so why not redesign and make a better oil plant and save money to give the americans a better gas and price.
bankers: they make judgements on individuals – can they make a payment based on their current salary or money income. so not only on homes, but houses and personal loans. they might lose money if they make bad choices and then the bank loses money – who do they sue? nobody!….
so both have to make choices and suffer if they lose money. invest correctly and you make money.
Wow Denise, you sound bitter.
I’m not even going to go into your rant about your insurance rates because you made zaero sense .
But your statements about capitalism are plain wrong. This has been and still is the one country on earth that provides unlimited opportunity for a person who is willing to work hard to achevie the “American Dream”. Problem is most (not all)of the people you speak of who can’t get ahead and pay their bills have fallen prey to the entitlement mentality where they feel that when the going gets rough they expect the government to step in and hand them money rather than they themselves step up and be responsible for their own destiny.
I am a high school dropout. My wife has not worked outside the home in 17 years so she can stay home and be a Mom to our two kids rather them pawn them off on daycare. I started an insurance agency from scratch with zero experience in the industry and nothing more than the drive to succeed and provide for my family. I am successful in life because my wife and I have made it a point to be successful and we both work our collective asses off in the office and at home to make it happen. I am not alone in this.
Countless people in this country succeed because they are driven to succeed and know that self reliance and self determination are the keys to getting where you want to be in life. Set your goals high and with hard work you’ll reach the highest heights. Set your golas low and you find you’ll most likely meet your expectations and be forever blaming someone else for your failures in life.
If you started in the 1950’s you got a lucky break and you have a helpmate. Try starting now with the high cost of living and slow economy.
Did you have family support?
Maybe you should read…The Working Poor. Stop living in the past. These days we are living in are not the same. They lack moral and ethical values.
Yes, I am upset. With the fraud and corruption in business, government, and around us. Like Barack said….Change… This country needs change. Look around you. Stop living in a glass bubble.
Knowing whether you can afford a home is personal decision and responsibility. What kind of idiot relies on a bank or mortgage company (or any other vendor that is selling things) to make that determination for them. I have no sympathy for those who blame others for their ingorance and poor judgements. What’s next? Provide every breathing being with a personl assessment of what they’re capable of in everything in life.
They know big screen TV, the Apple phone, and Playstation 3 but they can’t figure out how much they can afford a month?
You can bet this suit is inspired because INVESTORS lost money due to Countrywide’s loosening of underwriting standards. There is obviously no plan to compensate those who made bad buying decisions and lost their homes due to increasing payment schedules. It’s sad but true that these types of suits receive a lot more merit when they affect investors and their pockets than when they affect the middle classer who is trying to make it in our material world.
Looks like typical securities lawsuit….investors trying to recoup losses from a poor investment decision and lawyers trying to get rich.
Dread, I agree with your comment: “I have no sympathy for those who blame others for their ingorance and poor judgements.”
But the bank said I could afford this house. They wouldn’t lie to me would they? And what does adjustable mean?
I have purchased and sold a number of homes. In fact one loan was with Country wide. I knew exactly what was going on, that is my responsibility…if not asked questions. Government should not be bailing out buyers either in my opinion.
No one wants to be responsible for their own actions.
And wern’t these “investors” supposedly better informed buyers than the general public having dealt with the market more. I guess whinning knows no bounds.
Go ahead, AH, sue Countrywide, then it goes bankrupt then where will everyone be who has their mortgage? Knock it off! Suing will get money only in politicos pockets, nothing else!