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#1
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State of Massachusetts imposes foreclosure moratorium. Of course, banks can keep booking interest payments or capitalizing interest, I'm sure.
It would be nice to see some state pension fund money invested in the subprime sector. A$$holes. MA Declares Moratorium On Foreclosures Move Against Predatory Lenders Is Unprecedented BOSTON -- Massachusetts has become the first state in the country to declare a moratorium on foreclosures stemming from predatory lending. Homeowners will now be able to submit a complaint to the Division of Banking. The division will then call the lender and ask them not to forclose. The move comes after dozens of homeowners marched on the State House last week, demanding a meeting with Gov. Deval Patrick. The state secured 60-to-90-day freezes on foreclosure for most of the protesters. Homeowners having trouble will also be provided with housing counselors. If you need help, you can contact Neighborhood Assistance Corporation of America at (617) 250-6230. You can also find more information on their website: Neighborhood Assistance Corporation of America Source: http://www.thebostonchannel.com/news...76/detail.html
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The Angel of Sex. |
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#2
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That's very "Hugo Chavez" of them. They need to think a few plays ahead, because it seems to me that the logical result of their actions would be to crater the MA housing market, via much tightened underwriting guidelines.
Do you REALLY want to exacerbating the lack of demand in housing right now, by cutting MORE people out of the pool of potential buyers?
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“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.” "When the stock market crashed, Franklin D. Roosevelt got on the television and didn't just talk about the, you know, the princes of greed. He said, 'Look, here's what happened.'"--Joe Biden |
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#4
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At one point, a long while ago, I predicted a decade long recession for the US, following the pattern in Japan.
A bunch of people successfully talked me out of that position, but now I am not so sure. It seems to me that the Japanese problem manifested itself in "gargantuan amount of bad loans", the digestion of which crushed their economy. eh...I could see that happening here possibly.
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“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.” "When the stock market crashed, Franklin D. Roosevelt got on the television and didn't just talk about the, you know, the princes of greed. He said, 'Look, here's what happened.'"--Joe Biden |
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#5
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Quote:
Anyway, these Mass-holes have all but guaranteed a decline in tax revenues for their state. Schmucks.
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The Angel of Sex. |
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#6
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Quote:
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Disclaimer: Past results do not indicate future performance. Passion and prejudice govern the world; only under the name of reason. - John Wesley Fallen man is not simply an imperfect creature who needs improvement: he is a rebel who must lay down his arms. - C.S. Lewis |
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#8
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Nah, I was being silly. Commies don't go on a gold standard.
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The Angel of Sex. |
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#9
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The President: ... the avatar is intended to be a subtle reminder of the influence of money in politics and the influence of politics on money ... 2pac: Maybe [Obama] will get lucky like Bush did on 9/11. It doesn't matter who you vote for, the government always gets in. -- Elizabeth May ???? Jan 20: Freedom for the Bill of Rights Democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largess from the public treasury, with the result that a democracy always falls under loose fiscal policy. -- Sir Arthur Francis Tytler |
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