Shocking News: 60,000 Families have lost there homes,and are now living in tent city

[kimo]

March 15, 2008
BBC News

Description:
60,000 Families have lost there homes, and are now living in tent cities. This the federal reserve strategy to destroy the middle class. History will repeat itself if we continue to remain ignorant.

http://www.truthzonetv.com/view_video.php?video_id=230

..and it`s only L.A. !!??

 

[cageybee]

no one was forcing them to buy 200K+ homes with adjustable mortgage rates they can't afford in a country with a weak economy and wars. what the fuck did they think was going to happen??? they enjoyed low payments for 3-5 years and then when time came to pay up the real payments or sell the house - they got fucked. especially those that lost jobs. and these losers are now expecting the taxpayers to bail them out. fuck no.

lesson - never try to jump over your head - it aint gonna happen.

so, i am sorry, but i am not sorry.

 

[NoxTwilight]

I agree with you cageybee up to the point where you are not sorry for them. I am, in that I think that many of these people were naive and taken advantage of because of it. I think ignorance is no excuse, it doesn't take a whole lotta common sense to have seen this was coming.

It scares me how so many people fall for this stuff, fall for the rhetoric of McCain, Hillary and Obama. Fell for the obvious crap Bush was touting. I don't really know what to call it - ignorance, stupidity, naivety but there are sure a heck of a lot of Americans walking around with no clue when simple common sense could keep them out of such trouble!

This is the root of so many of our problems - how do we wake them up!!!

 

[cageybee]

I agree with you cageybee up to the point where you are not sorry for them. I am, in that I think that many of these people were naive and taken advantage of because of it. I think ignorance is no excuse, it doesn't take a whole lotta common sense to have seen this was coming.

It scares me how so many people fall for this stuff, fall for the rhetoric of McCain, Hillary and Obama. Fell for the obvious crap Bush was touting. I don't really know what to call it - ignorance, stupidity, naivety but there are sure a heck of a lot of Americans walking around with no clue when simple common sense could keep them out of such trouble!

This is the root of so many of our problems - how do we wake them up!!!

unfortunately, the arrogance, the ignorance, the disrespect, and the lack of education is so deeply rooted in many us-americans. that is why there is a mortgage crisis today. they have to fall on their face down hard to learn it the hard way.

but it seems like the democrats don't want anyone to learn anything. they just want to bail people with taxpayer dollars. what the fuck am i paying taxes for?

 

[kimo]

unfortunately, the arrogance, the ignorance, the disrespect, and the lack of education is so deeply rooted in many us-americans. that is why there is a mortgage crisis today. they have to fall on their face down hard to learn it the hard way.

but it seems like the democrats don't want anyone to learn anything. they just want to bail people with taxpayer dollars. what the fuck am i paying taxes for?

IMO, even raising taxes wouldn`t help now. Too late.
It´s crazy numbers then you think that this is only L.A and last month numbers..

 

[cageybee]

IMO, even raising taxes wouldn`t help now. Too late.
It´s crazy numbers then you think that this is only L.A and last month numbers..

its around 3 million people that are in this problem.

 

[banjojambo9]

thats a bullshit report it shows a couple of people in tents there are always homeless living in tents even during prosperous times

 

[kimo]

thats a bullshit report it shows a couple of people in tents there are always homeless living in tents even during prosperous times

Well..That is not me who made it up, but British BBC..

 

[colecrowe]

cageybee is right of course--but it wouldn't have happened the way it did if not for the government and the banks using the fed to cook the books, inflate the money supply, and loosen the reserve requirements artificially in order to drive up profits and allow for growth of government, all while destroying the value of the dollar.

 

[banjojambo9]

the lack of intelligent news is astounding.

 

[rg123]

By the time next winter comes with fuel going over 4 dollars a gal you will start to see many many more people in the street who did not buy a home but just are not able to make enough
money to survive. It goes a hell of alot deeper than bad financial decisions. This is just the beginning and exactly what the Bush administration wanted to do. They are not debasing the currency for nothing you know.

 

[Signzit]

Yeah a lot of people were sold a bill of goods and I feel bad for them but SO WHAT?

We all make poor choices, no one helped you, when you over bought that new Jag.
You know, when the car salesman comes over and makes you buy that video surround sound, that lift package and those spinners; remember that?

Did the Federal Government step in and bail your ass out of those car payments? Nope!
So it cost more to have gold bathroom fixtures in your new house but now you can't afford them and I have to pay it for?

I will send a big fatty to the IRS tomorrow and then again, on April 15th. I will write another big fatty to the IRS.
I do this, because, if I don't, they will send armed Nazis to my house, shake down my family, take everything I own and put me in jail.

How is it, that you can honestly think, in good conscious, I am a free man?

Every year at this time- my life, my family and our happiness are in peril. I plan, conserve, pay as I go and work hard, then at tax time, I'm bent over and dry fucked like whore!

No, I don't feel that bad for people that can't control their finances, but I'm trying really hard.

 

[american.swan]

thats a bullshit report it shows a couple of people in tents there are always homeless living in tents even during prosperous times

I agree and disagree.

I disagree because they showed a "few" who did actually loose their homes. The poor will always be among us.

 

[Highland]

no one was forcing them to buy 200K+ homes with adjustable mortgage rates they can't afford in a country with a weak economy and wars. what the fuck did they think was going to happen??? they enjoyed low payments for 3-5 years and then when time came to pay up the real payments or sell the house - they got fucked. especially those that lost jobs. and these losers are now expecting the taxpayers to bail them out. fuck no.

lesson - never try to jump over your head - it aint gonna happen.

so, i am sorry, but i am not sorry.

Are you guys kidding me??!!! Those are real Americans and represent the tip of the iceburg of the depression of the economy....they were the least protected, and it will trickle down. Who are you to judge each situation. I can't believe the RP family would feel that way.

 

[cageybee]

cageybee is right of course--but it wouldn't have happened the way it did if not for the government and the banks using the fed to cook the books, inflate the money supply, and loosen the reserve requirements artificially in order to drive up profits and allow for growth of government, all while destroying the value of the dollar.

since i've been living in usa for 13 years, i always tell my wife (who has only been here for 4 years) that america is a cut-throat country. the wolves are always hungry. they may have smiles on their faces, but they'll take your last penny if you'll let them.

after bush cut interest rates after 9/11, and after all those cheap arm mortgages were advertised, i was looking into buying a house, but i thought i should learn what exactly is an ARM mortgage. it is only a good thing if you do not intend to live in the house for more than 5 years and it is a good thing if you want to buy and sell after 5 years to make money.

but back then i looked at our economy and wars and thought that it may not be a good deal to get into a 200k+ home, especially after all those housing analysts were talking about the housing prices to go down soon.

so, here we go: housing sales are down, housing prices are down, good employment is hard to come buy, etc, etc.

unlike them, i was able to think independently and made a decision that it is not a good time to buy a house and to date we still live in apartments.

the problem is that most american people are victims of advertisements/persuasions and can not think independently.

 

[Highland]

I agree with you cageybee up to the point where you are not sorry for them. I am, in that I think that many of these people were naive and taken advantage of because of it. I think ignorance is no excuse, it doesn't take a whole lotta common sense to have seen this was coming.

It scares me how so many people fall for this stuff, fall for the rhetoric of McCain, Hillary and Obama. Fell for the obvious crap Bush was touting. I don't really know what to call it - ignorance, stupidity, naivety but there are sure a heck of a lot of Americans walking around with no clue when simple common sense could keep them out of such trouble!

This is the root of so many of our problems - how do we wake them up!!!

Wake them by caring for them and their situation...those people are fertile ground for Ron Paul votes...they have nothing to lose and everything to gain....be a bit more caring please.

 

[kirkblitz]

where do they get the tents and how do they afford them? I cant see someone paying for their costco or sams club membership while their house is going under.

 

[Highland]

where do they get the tents and how do they afford them? I cant see someone paying for their costco or sams club membership while their house is going under.

Judge not lest ye be judged.....your statement is based on zero facts.

 

[Highland]

Blessed are the poor, for theirs is the Kingdom of Heaven. The Beatitudes Matthew 5:1-12

 

[cageybee]

Are you guys kidding me??!!! Those are real Americans and represent the tip of the iceburg of the depression of the economy....they were the least protected, and it will trickle down. Who are you to judge each situation. I can't believe the RP family would feel that way.

you expect me to feel sorry for 3 million idiots who were buying 50K+ SUVs and 200K+ homes for cheap 3-5 year ARMs and cheap car loans, living large for 5 years while i and family lived a small life, because we knew this would happen????

fuck them. they are the one that created this problem not only for themselves, but for the whole country with their irresponsibility. why the fuck do i need to feel sorry for them and why the fuck we now have to take care of them???