http://news.yahoo.com/s/huffpost/20100303/cm_huffpost/481057
I like stories like this. Though you do feel bad for people, it completely ignores the economics of it. In this case, should the bank never evict anyone? If they didn't have standards and procedures like evicting people who don't pay their mortgage, there wouldn't be a company like them that provides the means for people to have mortgages in the first place.
Some other quick notes:
1. Of course the SEIU is involved. Obama is buddy buddy with the SEIU president.
2. Anyone wonder if the number one job of every bank CEO is to personally evict people?
3. Just curious again, but do we even know that she can afford her house? If they extend the loan she still doesn't pay, weren't they right in the first place?
4. What are the union details? Were the union demands over the top?
5. Her rate was adjustable. Even if her story is true about having the tumor, wouldn't much of the fault lie with our politicians for trying to get everyone to own a home, regardless of whether they can afford it?
Saturday, March 13, 2010
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