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Posted: 6/13/2009 8:33:22 AM EDT
[#1]
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So let me understand this correctly, the Republicans not only let this bill go through they got on board and supported it as well?  I don't know how many times I have to post this. NO difference between them and the GOP both want bigger government , one is just more open about it. The GOP is farrrrrrrrrr from ideal right now, but if you think they are the same as the current Dem administration you aren't paying attention to what these fucks in the WH are doing. This is a whole new ballgame - Obama makes Clinton look like a damn Reagan conservative. |
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Posted: 6/13/2009 8:51:00 AM EDT
[#2]
 
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Posted: 6/13/2009 3:32:19 PM EDT
[#3]
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Posted: 6/14/2009 8:00:29 AM EDT
[#4]
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Posted: 6/14/2009 8:03:41 AM EDT
[#5]
Eminent domain obviously wasn't good enough for them.
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Posted: 6/14/2009 8:08:18 AM EDT
[#6]
provide Truth in Lending documentation
Wow... That is so Orwellian-sounding. |
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Posted: 6/14/2009 8:20:01 AM EDT
[#7]
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Do you really believe our elected representatives thought this shit up? The banks don't want any competition and no longer wish to take a loss on a bad loan. It's a win, win for them. It's the Capitalists in New york, not the Socialists in DC who are fkn us. There are no capitalists in New york This This is the out come of slippery slope, government ownership and butt buddy politics with the banks and those who make the rules. As predicted the consolidation in the banking business will now force what would normally be considered a violation of anti trust laws made ok in the name of protecting the tax payers investment. Same thing will happen with the auto industry.... Same thing will happen with the health industry.... We're fuct! 
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Posted: 6/14/2009 8:31:27 AM EDT
[#8]
Looks like the gov't is thinking ahead.
Soon we will most likely see skyrocketing inflation, landowners may very well try to increase prices/rents which no one will be able to afford anyway. Gov't seizes property to make into gov't housing, buyers can buy at gov't set prices and renters don't go homeless, etc. Bottom line = We're fucked! Just wait until gov't can seize property that is not up for sale or risk of being lost, simply because you are not responsible enough to keep said property. |
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Posted: 6/14/2009 8:37:58 AM EDT
[#9]
Quoted:
Looks like the gov't is thinking ahead. Soon we will most likely see skyrocketing inflation, landowners may very well try to increase prices/rents which no one will be able to afford anyway. Gov't seizes property to make into gov't housing, buyers can buy at gov't set prices and renters don't go homeless, etc. Bottom line = We're fucked! Just wait until gov't can seize property that is not up for sale or risk of being lost, simply because you are not responsible enough to keep said property. Like a big ass government HOA. |
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Posted: 6/14/2009 8:55:09 AM EDT
[#10]
Private property is private property.
If they can stop homeowners from selling their personal private property to whomever they want, then guess what? Guns are next. No, you can't sell that rifle private party, you have to get a gun-dealers license first. And record the transaction etc etc... Obama & The Socialists 
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Posted: 6/15/2009 8:35:09 AM EDT
[#11]
Could you point that part out? I just quickly skimmed through it at lunch and didn't see it.
Quoted:
There’s another clause in this bill that I found absolutely unbelievable. The bill says that if you own rental units and the government decides that you’re at risk of foreclosure, the government can seize your property… before you’re foreclosed on, mind you. Someone wakes up in the morning and decides that you might lose your units to foreclosure, and you are screwed. |
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Posted: 6/15/2009 8:41:47 AM EDT
[#12]
THIS IS FREAKING AWESOME!
I can get the government to seize my rental house!!! 
Tell me what I gotta do! 
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Posted: 6/15/2009 8:42:03 AM EDT
[#13]
Has anyone read and fully digested the text of this bill? I tried and now my head hurts.
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Posted: 6/15/2009 8:42:47 AM EDT
[#14]
At last, the real culprit has been identified....
In the economic meltdown as well as in just about every other problem in America, the core issue is that we are too free. We have to do something about all this freedom or we're doomed. |
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Posted: 6/15/2009 9:13:21 AM EDT
[#15]
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Could you point that part out? I just quickly skimmed through it at lunch and didn't see it. Quoted:
There’s another clause in this bill that I found absolutely unbelievable. The bill says that if you own rental units and the government decides that you’re at risk of foreclosure, the government can seize your property… before you’re foreclosed on, mind you. Someone wakes up in the morning and decides that you might lose your units to foreclosure, and you are screwed. SEC. 901. MULTIFAMILY MORTGAGE RESOLUTION PROGRAM.
(a)Establishment- Subject to subsection (e), the Secretary of theTreasury, in consultation with the Secretary of Housing and UrbanDevelopment, shall develop a program to stabilize multifamilyproperties which are delinquent, at risk of default or disinvestment,or in foreclosure.
(b)Focus of Program- The program developed under this section shall beused to ensure the protection of current and future tenants of at riskmultifamily properties, where feasible, by––
(1) creating sustainable financing of such properties that is based on––
(A) the current rental income generated by such properties; and
(B) the preservation of adequate operating reserves;
(2) maintaining the level of Federal, State, and city subsidies in effect as of the date of enactment of this Act; and
(3) facilitating the transfer, when necessary, of such properties to responsible new owners.
[div] [div] It was a rider added at the very last minute before the vote. They define what "at risk" is and then can seize it and transfer to "responsible new owners". You better not miss a payment either. |
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Posted: 6/15/2009 9:18:48 AM EDT
[#16]
Hmm. Nice so anyone who buys foreclosures may also get screwed.
SEC. 220. TENANT PROTECTION. (a) Tenant Protection Generally- (1) IN GENERAL- In the case of any foreclosure on any dwelling or residential real property, after the date of the enactment of the Mortgage Reform and Anti-Predatory Lending Act, the immediate successor in interest in such property pursuant to the foreclosure shall assume such interest subject to–– (A) except as provided in paragraph (2), the rights of any bona fide tenant, as of the date of foreclosure under any bona fide lease entered into before the date of foreclosure, to occupy the premises until the end of the remaining term of the lease; and (B) the rights of any bona fide tenant, as of the date of foreclosure, without a lease or with a lease terminable at will under State law, subject to the provision by the immediate successor in interest and the receipt by the tenant in the unit, of a notice to vacate at least 90 days before the effective date of such notice. |
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Posted: 6/15/2009 9:22:37 AM EDT
[#17]
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i can't keep track any more..............OMG this is it..that's the signal.....I CANT KEEP TRACK OF ANY MORE OBAMINATIONS !! ..and so it begins And now you have figured out why they are pushing as much crap as possible through, as fast as possible. |
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Posted: 6/15/2009 9:23:25 AM EDT
[#18]
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The honest working man getting fucked over from all directions................. They are making sure that we will have to rely on either government, or a government controlled corporation. And if you don't. You will be a criminal. |
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Posted: 6/15/2009 9:24:43 AM EDT
[#19]
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Write letters and emails, and burn the wires off the damn telephones in the offices of Congress. I don't see that doing a lot of good. One does have to try, though. |
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Posted: 6/15/2009 9:27:49 AM EDT
[#20]
Nope, sorry. You’ll have to become a “lender” and get a lender’s license.
Typical hysterics. That is not what the bill says, and you need a copy of the law being changed to really understand what is going on. |
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