Title IX makes sense when it is applied to sports, since women need to have separate teams from men due to our physical differences. We needed to make sure that women teams had equally funding as the men teams. But I don't understand this proposal as it relates to the differences in sexes. If there are 20 women becoming scientist and 80 men becoming scientist in a freshman class, they all go to the same classes, have the same teachers, the same lab equipment, etc. What exactly is title IX going to do to make the incoming freshman class a 50/50 split?
I'm not saying it NEVER happens, I'm just saying that those times are rare. If you have the type of failure you are talking about, you start a dump of your hard drive, and go do something else for seven hours.
You are comparing the processors in my car to the processors in my computer? That's so not in the same ballpark. My car might have 300 processors in it, but I guarantee that their combined processing power doesn't measure up to the power that my desktop computer has. Those things are simple, task-specific processors. Which do you think takes more power: my 3D modeling software, or managing my turn signal?
My post never claimed that you took out an adjustable mortgage, so why are you acting like I did? Because that's what the word "you" means in English: "Oh, but since you were too lazy to do any due diligence on your part, I need to 'bail' you out? With my money?" Um, nowhere in the sentence that you quoted did I say that you had an adjustable mortgage.
If someone tells you the terms of a contract and hands it to you to sign, and you sign it, and the terms are materially different than was presented to you have been defrauded (IANAL). IANAL either, and I think what you say is true (legally), but why have you assumed that the lenders lied? I'm sure there are lots that have, but if that is the case, then the borrower needs to sue the lender for fraud, and stop bothering the taxpayer to have them bailed out. If someone stole $1000 dollars from me, should I go have them arrested and try to get the money back, or should I go to you, and ask you to give me $1000 because I have been robbed?
There were many people living in houses that they could afford. They were called by a mortgage broker who said, "I can save you $200/month on your current mortgage." Responding to such an offer is not speculation or an attempt to 'get over' (interest rates do go down sometimes). The brokers screwed them with high-fee, higher-interest, and/or adjustable rate loans with high resets, purely for the profit of the broker. Sure there were speculators who got burned, but there were also a lot of honest homeowners who were defrauded. If they could 'afford' it before, why can't they now? If they refinanced into a crappy loan, you can refinance out of it.
When did I say that I took out a home equity loan? In your first post:
Now your bank is calling in your home equity loan, You didn't say YOU specifically, but I think the poster was responding to that.
All I am doing is paying attention to the economic conditions around me that are in a position to affect my personal financial situation How is the fact that home values around you are falling affecting your personal financial situation? If your neighbor's house value falls $200k, that shouldn't affect you one bit. Your property taxes don't go up (in fact, they should go down, depending on where you live), and your monthly mortgage payment will be the same this month as it was the last month.
They can and they have before, thats how the great depression came into being... News flash: the Great Depression was back around 1930. The 'calling in' of home loans was outlawed to prevent what happened back then.
And did you even read the links you gave? Nowhere does it say that borrowers are being forced to pay back their loans early. The first is only referring to what happened in 1930, and the 2nd is about reducing home equity lines.
The value of your house is what is used to generate the amount of taxes you pay. Really? Please explain how my house generates income for me, because I would love for my house to start making me some money. I think you are referring to how your taxes owed are COMPUTED (based on your home value), but my home 'value' has never, ever generated me one dime of income.
But dont worry, Im sure you are so smart that you know for a fact that this could never happen to you, because things are 'different' because you are smart enough to avoid it. It's not about how smart I am, it's about how responsible I am with how I borrow money. Could I have a catastrophe, and lose my job, my wife lose her job, and we both become unable to work? Yes, but a bunch of idiots borrowing too much money to buy houses they can't afford is NOT going to cause me one bit of worry, because I've planned ahead.
For someone who claims to read things thoroughly, you don't seem to be very good at it. I also got a fixed-rate loan Yeah, I read that in your original post (see, I DO read things throughly). My post never claimed that you took out an adjustable mortgage, so why are you acting like I did?
I am not having trouble, nor do I anticipate trouble with my loan. My concern is not for myself, but for those who were defrauded. My post was referring to borrowers in general, not you specifically. If the lender puts documents in front of you, and you sign them without knowing what they mean, you weren't 'defrauded'. You were lazy and irresponsible.
To some extent, the 'victims' include the banks that were defrauded by mortgage brokers. However, the banks knew what practices would have constituted due diligence, and decided instead to roll the dice. Issuing NINA (no-income, no-assets) loans was a strong, obvious, bone-headed invitation to fraud. The banks and the borrowers did the same thing: They were both too lazy to read over what was put in front of them, and/or were gambling that they would make big money. They both lost. I have no sympathy for either of them.
Is your average prospective homeowner such an expert? You don't need to be an 'expert' on investments to buy a house responsibly. If you treat your house as a place to live, and buy something that you can afford, you will be fine. If you treat your house like an investment, and try to borrow the max amount possible with some adjustable/interest only scheme to boost your gains, you are gambling.
Now your bank is calling in your home equity loan, Banks can't call in loans, so no matter how much they want you to pay off your loan, they can't make you. House prices in my neighborhood have fallen $200k, and I couldn't care less. I pay the same amount this month that I have paid every month since I signed my load documents. The 'value' of my home is irrelevant to me, and should be to any responsible homeowner.
How about the anger you are going to feel when you realize that your local government has been raising your property taxes in lockstep with the increasing home prices, but try to get them to lower them when the values fall.(unless you live in CA where this is law) When your property taxes go up 30% or more, but your property value has also fallen 30% simply because of all these 'dumb' people, are you still going to run around saying 'cry me a river'. What does the value of your house have to do with your ability to pay your property taxes? The value of your home doesn't generate income. If you don't like the way your property is valued for taxation, complain to your local officials.
So you rent, you say. It doesnt affect me, you say. Well, do you know the financial position of your landlord? Do you know what will happen if they are unable to meet their funding responsibilities on the property you are renting because the near collapse and now tightening of the credit markets are requiring higher capital to get the same loan amounts? Will they sell it to the 'lowest bidder' who will then neglect it simply because they are looking to make a buck, and arent really into caring about your standard of living? Then don't rent from that place. That is the beauty of renting: you don't like it, pack up and go to someplace you like better.
Obviously, you do not own a house. From reading your obviously wrong statements, I think it is safe to say that YOU do not own a house (or at least understand the basics of owning a home).
Well shame on you for not getting copies before hand to read over (I've done that on my loans). Or for not at least looking through them while you were signing. If they complain about taking too long, tell them they should have less paperwork, and keep on reading. Oh, but since you were too lazy to do any due diligence on your part, I need to 'bail' you out? With my money? Hell no.
I've never taken out anything other than a fixed rate loan for my homes. Anything else is an unknown risk. If someone else decides to take that risk, they have to suffer the consequences if things don't go that way. Don't understand the documents or terms of the loan? Don't sign the damn things.
I don't understand why people think that someone getting kicked out of a home they can't afford is the end of the world. Lost your house? Go rent an apartment. I've done it, millions of others do it all the time. Get over the whole 'I have a right to stay in my home!' attitude. You have a right to stay in a home that you can afford.
So THAT'S how Hillary was able to stay in the race for so long!
Hillary: My campaign is dead. Please resurrect it. Obama: No, Hillary, your campaign is beyond dead. Hillary: I'll say I fully support you when you are running against McCain! Obama: Fine. RISE, OH TERRIBLY RUN CAMPAIGN. RISE!
You want to see more $100k vehicles? Must be nice to be so rich.
For that amount, I could buy a 30k 'gas-guzzler', and buy enough $5/gallon gas to drive it 200k miles, and still have change left over.
Personally, I'm waiting for Chevy to come out with their Volt electric hybrid. Plug it in at night, 40 mile range on all electric, and then the on-board generator kicks in to recharge your battery (50 miles/gallon) for any trips longer than that.
First, making you show ID in no way, shape or form, regulates your life or somehow violates human rights. Second, making you show ID in no way, shape or form protects you from terrorist on a plane. See 9-11-01 for an example.
Just show the fucking ID and move on. Is it really that fucking hard? No, it isn't fucking hard, it is just fucking pointless... fucking around. (I beat you by one fucking. ha!)
But seriously, the gov't spends a LOT of time and money making no fly lists. Well, that makes me feel better. Because when the government spends a lot of money on something, you know it is done right.
Actually, the deficit seems to get worse when we combine a Republican president with a Democratic congress. The deficit gets better with a Democratic President and a Republican congress (well, except the first few years of W.)
Vote for Obama and a Republican congress
The fax they receive will have the 'from' fax number printed on it. They probably like that verification, rather than some random email address that won't print out on the emailed document.
Slashdot Mirror
You'll like your electric bills much more than your gasoline bills...
So, where do I purchase one of these 100% efficient internal combustion engines?
I'M Steve Guttenberg, you insensitive clod!
AC-DC adapters usually specify their MAXIMUM power output to the device (watts). That doesn't necessarily mean that the computer will pull 10 watts.
Huh? P=VI
P=watts
V=volts
I=amps
Title IX makes sense when it is applied to sports, since women need to have separate teams from men due to our physical differences. We needed to make sure that women teams had equally funding as the men teams. But I don't understand this proposal as it relates to the differences in sexes. If there are 20 women becoming scientist and 80 men becoming scientist in a freshman class, they all go to the same classes, have the same teachers, the same lab equipment, etc. What exactly is title IX going to do to make the incoming freshman class a 50/50 split?
I'm not saying it NEVER happens, I'm just saying that those times are rare. If you have the type of failure you are talking about, you start a dump of your hard drive, and go do something else for seven hours.
When was the last time you sat down at a laptop and filled your drive in on sitting?
I think he was referring to the "...50% of the world's energy is burned just in transporting OTHER energy around the planet..." statement.
No, I'm pretty sure I'd rather have $109,000 in my bank account.
This is /.
How the hell would any of us be able to tell if drapes and carpet match?
You are comparing the processors in my car to the processors in my computer? That's so not in the same ballpark. My car might have 300 processors in it, but I guarantee that their combined processing power doesn't measure up to the power that my desktop computer has. Those things are simple, task-specific processors. Which do you think takes more power: my 3D modeling software, or managing my turn signal?
And did you even read the links you gave? Nowhere does it say that borrowers are being forced to pay back their loans early. The first is only referring to what happened in 1930, and the 2nd is about reducing home equity lines. The value of your house is what is used to generate the amount of taxes you pay. Really? Please explain how my house generates income for me, because I would love for my house to start making me some money. I think you are referring to how your taxes owed are COMPUTED (based on your home value), but my home 'value' has never, ever generated me one dime of income. But dont worry, Im sure you are so smart that you know for a fact that this could never happen to you, because things are 'different' because you are smart enough to avoid it. It's not about how smart I am, it's about how responsible I am with how I borrow money. Could I have a catastrophe, and lose my job, my wife lose her job, and we both become unable to work? Yes, but a bunch of idiots borrowing too much money to buy houses they can't afford is NOT going to cause me one bit of worry, because I've planned ahead.
Well shame on you for not getting copies before hand to read over (I've done that on my loans). Or for not at least looking through them while you were signing. If they complain about taking too long, tell them they should have less paperwork, and keep on reading. Oh, but since you were too lazy to do any due diligence on your part, I need to 'bail' you out? With my money? Hell no.
I've never taken out anything other than a fixed rate loan for my homes. Anything else is an unknown risk. If someone else decides to take that risk, they have to suffer the consequences if things don't go that way. Don't understand the documents or terms of the loan? Don't sign the damn things.
I don't understand why people think that someone getting kicked out of a home they can't afford is the end of the world. Lost your house? Go rent an apartment. I've done it, millions of others do it all the time. Get over the whole 'I have a right to stay in my home!' attitude. You have a right to stay in a home that you can afford.
So THAT'S how Hillary was able to stay in the race for so long!
Hillary: My campaign is dead. Please resurrect it.
Obama: No, Hillary, your campaign is beyond dead.
Hillary: I'll say I fully support you when you are running against McCain!
Obama: Fine. RISE, OH TERRIBLY RUN CAMPAIGN. RISE!
You want to see more $100k vehicles? Must be nice to be so rich.
For that amount, I could buy a 30k 'gas-guzzler', and buy enough $5/gallon gas to drive it 200k miles, and still have change left over.
Personally, I'm waiting for Chevy to come out with their Volt electric hybrid. Plug it in at night, 40 mile range on all electric, and then the on-board generator kicks in to recharge your battery (50 miles/gallon) for any trips longer than that.
Sorry, you must be new here. Car analogies are the only acceptable analogy on /.
Actually, the deficit seems to get worse when we combine a Republican president with a Democratic congress. The deficit gets better with a Democratic President and a Republican congress (well, except the first few years of W.) Vote for Obama and a Republican congress
The fax they receive will have the 'from' fax number printed on it. They probably like that verification, rather than some random email address that won't print out on the emailed document.
Ah, the good old "Out of Context" defense. Only slightly higher on the stupid scale than the "Chewbacca defense".