There Are 5 Responses So Far. »

1. 

   Comment by John Maniec on 19 February 2009:

   I have been working with 6 short sale properties for over 16 months and you would think that banks would like to get some of their money back. What I have found is that most banks are so disorganized when it comes to their loss mitigation and/or foreclosure departments, that qualified buyers withdraw valid offers because banks take several months to respond to these current market value offers. If stockholders really knew what goes on in these departments (i.e. fax machines a week behind in printing, many days before even emails are answered,etc.), they would fire their CEOs. What about adding more staff to these departments and giving bonuses to staff that process genuine offers fast? Do banks really care if they get “upside down” properties off their books? Probably, deduct their losses off future tax liabilities.
2. 

   Comment by T. Jefferson on 20 February 2009:

   If you agree with Rick then check out this Facebook group for more info:

   http://www.facebook.com/group.php?gid=64031942448
3. 

   Comment by Joe on 21 February 2009:

   Oh sure when the banks receive corporate welfare everyone loves it, but when the people that were taken advantage of are in line for a bailout, everyone on Wall St. cries foul and the markets fall. Please, Wall St. wake up and smell the coffee, one of two things is going to happen, either the gov. does nothing and the banks fail, they’re already worthless so let them fail or the gov. nationalizes the banks for a time ala Sweden and then sells them back, if you don’t do it this way, we’ll end up like Japan, with a lost decade. And stopping foreclosures is a good thing no matter how you look at. The money for the housing plan is from the Tarp fund, at least tax payers are getting some of their money back. Greedy lenders and banks, crying foul now will garner no sympathy from the public, maybe Rush Limbaugh, but not the American public. By the way, Santelli is a douche.
4. 

   Comment by Fred Kreger on 1 March 2009:

   Every once in a while, a little mutiny is called for in politics. My parents grew up in the era of “question authority” and I am the product of that thought process. I love the way Rick got the CBOT in a frenzy. That was needed and he often wears his heart on his sleeve, which is why I listen to him every morning on TV. I know the American Public is so hungry for a hero in these times, but don’t go down a blind path and think that every answer from President Obama needs to go Unchecked. We need to push back and question decisions that are made and when we feel that they are unfair, it is our right and duty to push back. Way to go Rick, start a new Tea Party and I will be there to support you.
5. 

   Comment by MIKE on 30 March 2009:

   If you are interested in doing something meaningful, then
   contact this website and join the Party- the Tea Party.
   Is anyone up for starting an internal tea party int he Republican party
   to get some real conservative and value oriented representation.
   I am thinking about running for office.

   Also on the real estate issue- in florida it is crazy-some lenders are
   not even foreclosing-the properties are sitting vacant for 2 years.
   other lenders have filed for foreclosure and then 1-12 years after
   filing won’t even pull the trigger and get the property to auction.
   finally one lender will not file foreclosure and won’t take the
   property back deed-in-lieu. Yes th sharehilders should be up in arms.
   I don’t know if it is plain stupidity or being overwhelmed.

Post a Response

Name (required)

Mail (will not be published) (required)

Website

Or add a Video Comment

with

« Back to text comment