Mind's Eye Re: the rich are mean

I don't know your specifics but just read of a similar problem
occurring with reverse mortgages and deed nightmares, etc. which AARP
has filed a lawsuit over a "misreading of the law" in HUD cases. One
must scatter the blame for this mess as it was not just the banks at
fault- in my opinion- but they are the ones holding/shuffling the bag/
contract and contract law is another can of worms.

On Mar 9, 8:23 am, rigsy03 <rigs...@yahoo.com> wrote:
> I'm sorry for your troubles, Molly, but isn't most of the problem a
> political one? Wasn't it a Democratic push for home ownership- a home
> for anyone- like a chicken in every pot- that started the mess? It's
> complicated and I don't understand all the issues five minutes after
> they are condensed in some discussion/news program but I think home
> values have declined though insurance and property taxes seem to be
> blind to the fact. In a larger view, it may be the time worn struggle
> of the middle class between the poor and the rich which further
> empowers government and home ownership is typically a family's largest
> investment and hoped for "nest egg" at retirement due to the myth of
> appreciation. As for the young, I hope they change tuition fees and
> loans somehow but don't hold my breath when I send in a parent's loan
> payment. And cities have to cope with very unrealistic retirement
> packages they created. One can't bleed a rock.
>
> On Mar 6, 6:22 am, Molly <mollyb...@gmail.com> wrote:
>
>
>
> > I agree with the need to decriminalize economics and wonder how we got
> > here, as it seems a global phenom.  In the US, my hope lies with the
> > undying Occupy movement to put pressure on the feds to change current
> > laws.  I am still trying to convince CitiMortgage to take back my
> > brother's house, as they cannot legally require me to keep it. It has
> > been nine months and I had to hire an attorney. Somewhere during the
> > housing bust, the FHA laws changed and the banks can recover the
> > amount of the mortgage if they foreclose.  So foreclose they will,
> > although they could easily issue a deed in lieu and take immediate
> > possession to prevent the house from languishing.  I now understand
> > why so many homes lay vacant.  The crime is, that they get the value
> > of the home from the feds in insurance, and then end up with the home
> > to sell.  The value of the asset for homes has doubled for the banks
> > because they are in bed with the feds.  The laws change quietly to
> > allow the pillage.  Breaking the code of silence by not participating
> > in the system as it is, and supporting Occupy or whatever voice rises
> > against injustice seems essential.  I watched our young people change
> > the course of the world when I was one of them.  I applaud their
> > efforts now, while my old body is too achy to march and camp.
>
> > On Mar 5, 5:56 pm, archytas <nwte...@gmail.com> wrote:
>
> > > Dr. Paul Piff has done a number of reasonably scientific experiments
> > > that demonstrate the wealthy are less inclined to give in experimental
> > > settings.  You can find a review here -http://www.physorg.com/news/2012-02-upper-class-people.html
> > > .
>
> > > I've been exploring some dire financial deals of late and corruption
> > > in academic circles that eventually pan out in local genocides in
> > > Africa.  One of the most unethical creeps I worked with was a
> > > professor of business ethics, but other ethical professionals like
> > > lawyers often have none.  This link gives the gist -http://www.nakedcapitalism.com/2012/03/on-the-continuing-oxymoron-of-...
> > > .
>
> > > My view for years has been we need to apply the criminal law and
> > > police investigation to economics and I think there is little clever
> > > about money-grubbing, just a set of myths justifying it.- Hide quoted text -
>
> > - Show quoted text -- Hide quoted text -
>
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