Comments on: Housing sob story of the day: Unemployed, $600,000 in debt, and looking for sympathy…or a handout http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/ news and commentary from a conservative perspective Thu, 26 Nov 2009 18:00:42 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Michelle Malkin » Extreme stupidity: No tears for latest “victims” of foreclosure http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/comment-page-1/#comment-390568 Michelle Malkin » Extreme stupidity: No tears for latest “victims” of foreclosure Wed, 30 Jul 2008 09:19:23 +0000 http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/#comment-390568 [...] one from last August blasting Hillary’s socialist housing bailout plan and continuing through this post in December on a supposed subprime sob story involving an unemployed couple $600,000 in debt and looking for a [...] [...] one from last August blasting Hillary’s socialist housing bailout plan and continuing through this post in December on a supposed subprime sob story involving an unemployed couple $600,000 in debt and looking for a [...]

]]> By: American Street » Blog Archive » Golden tool http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/comment-page-1/#comment-259759 American Street » Blog Archive » Golden tool Wed, 05 Mar 2008 01:18:06 +0000 http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/#comment-259759 [...] into a message of compassion for the sick and poor, even though leading apologetics agree that they probably deserve it. The latest grotesque distortion of Scripture comes from Barack Hussein Obama, who’s trying [...] [...] into a message of compassion for the sick and poor, even though leading apologetics agree that they probably deserve it. The latest grotesque distortion of Scripture comes from Barack Hussein Obama, who’s trying [...]

]]> By: Michelle Malkin » Revolt against the bailout bandwagon http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/comment-page-1/#comment-220979 Michelle Malkin » Revolt against the bailout bandwagon Fri, 18 Jan 2008 13:18:51 +0000 http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/#comment-220979 [...] can’t pick up a newspaper in any part of the country without reading yet another sob story about a “poor” homeowner suffering through the subprime crisis. Well-off suburbs are [...] [...] can’t pick up a newspaper in any part of the country without reading yet another sob story about a “poor” homeowner suffering through the subprime crisis. Well-off suburbs are [...]

]]> By: Michelle Malkin » Bush to expand housing bailout, Baltimore to sue mortgage lenders http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/comment-page-1/#comment-212307 Michelle Malkin » Bush to expand housing bailout, Baltimore to sue mortgage lenders Tue, 08 Jan 2008 15:03:36 +0000 http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/#comment-212307 [...] I told you this was the camel’s nose under the tent. [...] [...] I told you this was the camel’s nose under the tent. [...]

]]> By: pokenhorn http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/comment-page-1/#comment-198122 pokenhorn Tue, 18 Dec 2007 12:34:26 +0000 http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/#comment-198122 People who buy homes they can't afford, who run up debt with no thought, who live in zones that regularly have fires, hurricanes, or earthquakes, who by choice do foolish and reckless things, get no sympathy from me. Do what you will, fine, but as my third grade teacher said 'paddle your own canoe.' Don't burden your neighbors to bail you out. People who buy homes they can’t afford, who run up debt with no thought, who live in zones that regularly have fires, hurricanes, or earthquakes, who by choice do foolish and reckless things, get no sympathy from me. Do what you will, fine, but as my third grade teacher said ‘paddle your own canoe.’ Don’t burden your neighbors to bail you out.

]]> By: Michelle Malkin » Only one–one!–U.S. senator opposes federal housing bailout http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/comment-page-1/#comment-196041 Michelle Malkin » Only one–one!–U.S. senator opposes federal housing bailout Fri, 14 Dec 2007 19:32:41 +0000 http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/#comment-196041 [...] Right. It’s never their fault. Always someone else’s. Not long now before the Coffmans get their handout and poster family status, I’m tellin’ [...] [...] Right. It’s never their fault. Always someone else’s. Not long now before the Coffmans get their handout and poster family status, I’m tellin’ [...]

]]> By: secondsight http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/comment-page-1/#comment-193209 secondsight Wed, 12 Dec 2007 00:48:49 +0000 http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/#comment-193209 These people should be homeless fools living under a bridge. They borrowed $700,000! They're idiots! These people should be homeless fools living under a bridge. They borrowed $700,000! They’re idiots!

]]> By: bvw http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/comment-page-1/#comment-193179 bvw Wed, 12 Dec 2007 00:23:03 +0000 http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/#comment-193179 Hey, Watcherdownsouth, that ain't a solid analogy. In this case -- the bad loans, we have the sellers of the product ALREADY subsidized by government, unlike the gun manufacturers. How are they subsidized? They borrow money from the Fed at cheaper rates than we do, many of the products they sell are only marketable and/or profitable at the rates they get because the government insures them. Such loans -- mortgages and student loans especially, but even credit card (revolving debt) -- are so entangled with government sponsorship and special protections -- such as in the new bankruptcy laws -- that it is hard to say that they are not "grants of government favor". Guns, as you and I both know, enjoy NO such protections, or sponsorships. For example with a gun industry manufacturer who fails to deliver an order of guns or bullets, the buyer who prepaid is OUT OF LUCK. Not so someone placing their money in a bank whoring out bad loans like a crack whore. Uhn-unh. Those depositors enjoy a Federal promise that all their funds will be made whole, no matter how much the crack ho's of bank officials are wastrels. No regular private-sector manufacturing industry official could ever get away with such bad practises, or parallel bad practices. Hey, Watcherdownsouth, that ain’t a solid analogy. In this case — the bad loans, we have the sellers of the product ALREADY subsidized by government, unlike the gun manufacturers. How are they subsidized? They borrow money from the Fed at cheaper rates than we do, many of the products they sell are only marketable and/or profitable at the rates they get because the government insures them.
Such loans — mortgages and student loans especially, but even credit card (revolving debt) — are so entangled with government sponsorship and special protections — such as in the new bankruptcy laws — that it is hard to say that they are not “grants of government favor”.
Guns, as you and I both know, enjoy NO such protections, or sponsorships.
For example with a gun industry manufacturer who fails to deliver an order of guns or bullets, the buyer who prepaid is OUT OF LUCK. Not so someone placing their money in a bank whoring out bad loans like a crack whore. Uhn-unh.
Those depositors enjoy a Federal promise that all their funds will be made whole, no matter how much the crack ho’s of bank officials are wastrels.
No regular private-sector manufacturing industry official could ever get away with such bad practises, or parallel bad practices.

]]> By: Watcherdownsouth http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/comment-page-1/#comment-193077 Watcherdownsouth Tue, 11 Dec 2007 22:25:15 +0000 http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/#comment-193077 Okaaaayy , now, deep breaths and take a seat, some of you... Some of the comments sound like liberals talking about gun control. They do not like guns, do not understand guns, and have no interest in using a gun themselves -- thus all guns should be banned. (Well, I happen to be both well-armed and proficient, so keep your grubby mitts off of me and mine...) Look, this type of loan is no different than than a high powered gun, a fast car, or a really big chainsaw -- it is just a tool. Maybe not a tool for everyday use, and maybe not a tool for the untrained and/or naive -- but still just a tool. As a tool, it has it's place and can be useful, <em>if the user is knowledgeable and competent.</em> If a user is a moron and hurts themself by misusing a product, well, boo-hoo. If I drive too fast in my Porsche and wrap it around a tree, or cut my hand off with the chainsaw, <em>that is my problem.</em> Now, that being my problem, I do not look for a handout from the government. But at the same time, if I am an educated and responsible user of a product that may be dangerous to untrained morons, do not limit my access to that product just because some other moron is not trained or educated. That is not what we do in a free and open capitalist society. Don't blame the gun; blame the criminal. Don't blame the loan -- blame the moron homeowner. Okaaaayy , now, deep breaths and take a seat, some of you…

Some of the comments sound like liberals talking about gun control. They do not like guns, do not understand guns, and have no interest in using a gun themselves — thus all guns should be banned. (Well, I happen to be both well-armed and proficient, so keep your grubby mitts off of me and mine…)

Look, this type of loan is no different than than a high powered gun, a fast car, or a really big chainsaw — it is just a tool. Maybe not a tool for everyday use, and maybe not a tool for the untrained and/or naive — but still just a tool. As a tool, it has it’s place and can be useful, if the user is knowledgeable and competent. If a user is a moron and hurts themself by misusing a product, well, boo-hoo. If I drive too fast in my Porsche and wrap it around a tree, or cut my hand off with the chainsaw, that is my problem.

Now, that being my problem, I do not look for a handout from the government. But at the same time, if I am an educated and responsible user of a product that may be dangerous to untrained morons, do not limit my access to that product just because some other moron is not trained or educated. That is not what we do in a free and open capitalist society.

Don’t blame the gun; blame the criminal. Don’t blame the loan — blame the moron homeowner.

]]> By: corkie http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/comment-page-1/#comment-192877 corkie Tue, 11 Dec 2007 19:16:08 +0000 http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/#comment-192877 They took $552,300 from Country Wide and $114,855 from Wells Fargo ($666,800 total) because they “needed” it? It sounds to me like their problems started long before these banks were involved. This reporter is hiding something. They took $552,300 from Country Wide and $114,855 from Wells Fargo ($666,800 total) because they “needed” it?

It sounds to me like their problems started long before these banks were involved.

This reporter is hiding something.

]]> By: Flashman http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/comment-page-1/#comment-192864 Flashman Tue, 11 Dec 2007 19:07:20 +0000 http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/#comment-192864 To paraphrase the old headline. <strong>Mortgage rates rise .... greedy idiots hardest hit.</strong> To paraphrase the old headline.

Mortgage rates rise …. greedy idiots hardest hit.

]]> By: swj719AWG http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/comment-page-1/#comment-192776 swj719AWG Tue, 11 Dec 2007 18:18:30 +0000 http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/#comment-192776 Amazing. When rates are high, you get a viable rate loan (because where else will it go but down). When they are low, you get a fixed rate, because they can pretty much can only go up. Why is this difficult for people? Amazing.

When rates are high, you get a viable rate loan (because where else will it go but down). When they are low, you get a fixed rate, because they can pretty much can only go up.

Why is this difficult for people?

]]> By: gunslingerpatriot http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/comment-page-1/#comment-192748 gunslingerpatriot Tue, 11 Dec 2007 18:04:08 +0000 http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/#comment-192748 hhhhmmmmm.... Since I am an honorably discharged vet with a 50% disability rating do I get to have my house paid for? Just want to know.... GSP hhhhmmmmm….
Since I am an honorably discharged vet with a 50% disability rating do I get to have my house paid for?

Just want to know….

GSP

]]> By: pdigaudio http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/comment-page-1/#comment-192692 pdigaudio Tue, 11 Dec 2007 17:38:00 +0000 http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/#comment-192692 How in the heck did they go through half a million dollars in 30 months? And why would anyone loan someone money with no means of supportable income? How in the heck did they go through half a million dollars in 30 months? And why would anyone loan someone money with no means of supportable income?

]]> By: 30 pcs of silver http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/comment-page-1/#comment-192629 30 pcs of silver Tue, 11 Dec 2007 17:11:46 +0000 http://michellemalkin.com/2007/12/10/housing-sob-story-of-the-day-unemployed-600000-in-debt-and-looking-for-sympathy/#comment-192629 #64, I hear ya. #64, I hear ya.

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