In some states, possession of tools for picking locks or breaking into cars is illegal. Sure, they can have legitimate uses, but at some point government decided that the potential illegal uses far outweighed the legal uses and subsequently outlawed them
Now look at this device. Seemingly innocent with a legitimate purpose, but apparently a perfect platform for more nefarious use.
So I pose the question: At what point should possession a device like this or derivatives be considered to be a defacto indication of intention to illegally break into a network? Should it ever be considered that?
If not, what additional software or form factor enhancements would change your mind?
It's very easy to set up an amortization table in a spreadsheet. Most even have a function for it.
Were you just going with what you wanted to hear and not listening to the voice in your head that it was too good to be true?
If so, then you are the fucking jack ass...too stupid to look out for your own good. Morons like you are the one bring this place down with your insipid whining about how you were fooled.
Maybe that's our problem eh? No one takes responsibility for themselves anymore. Get second opinions from other doctors, get multiple bids for work to be done, etc.
Lawyers and accountants have fiduciary duty to you and violating that will lead to losing their licenses.
Bankers don't. It's your money. Take responsibility for it. Ask questions. Don't just sit back and say "I trust these guys to make decisions for me".
You have a responsibility to not put up with that B.S. It's YOUR money. You also have the option of finding a different lender who would tell you the payment.
But I have to say it stretches credulity to think that they could close without being able to tell you the exact payment amount. You are an AC so I'm calling conditional bullshit.
Then King Country is fucked up...you should move. In fact, you guys have been in the news because of the incompetency of your elected officials during elections.
My budget accounted for the mortgage and other expenses. No one ever imagines they will lose their job. Even if I had, I was out ten months so it would have been a ridiculous amount to keep ready just in case (or so I thought then). But I don't blame the mortgage broker or the lender for it. I made a deal, I couldn't keep it.
You can blame the people who bought what they couldn't afford. And you should blame people for not knowing what they can afford.
To the extent that high risk loans were sold to people and misrepresented as low rick investments, there, people should go to jail for fraud. Waiting for Obama to announce investigations...not holding my breath as he gets lots of money from these people.
There are two sections...all the legal B.S. spelling out the rights of the respective parties etc.and then the actual statement of costs (the disclosure).
That's what I paid the most attention to because that is where the payment schedule was enumerated. I knew what the payments were at the beginning and how they could go up after one year depending on the interest rates (variable rate, which I"ll never do again). It was pretty clear and unambiguous.
You're blaming people for losing a game of hot potato
Which they chose to play.
Second point, which I won't quote for length reasons:
If his company collapsed and he couldn't afford to make the payments, then declare bankruptcy and move on. That's what it is for. If he could, then stay put and make the payments. at least he has a place to live and...the market WILL recover. He may not make out in the end if he bought at historic highs, but then that was his decision to make.
So you made out well...good for you. Other didn't, too tough...there are no guarantees. So what's you point?
And I'm hardly prophetic since I didn't make out too well. But I'm not out whining for the feds (taxpayers) to make up for my misfortune.
In this context you should probably place 50% on the feds for making it possible for a lender to do these things, knowing that they could off load them onto the feds.
I have no sympathy for anyone who is foreclosed on because they got a loan they couldn't afford. And make no mistake, they knew what they were getting into. It's all right there and anytime I've purchased real estate, they laid it all right out for me and had me initial it. I knew what I was getting into and I knew what my budget was...so did everyone else.
And don't even talk about "underwater" homes. Unless you need to sell, the fact that your home is worth less is irrelevant to you budget. In fact, it will help because your property tax will decrease. If you can make the payments, keep making them and keep living there. All these refinance programs created so that people can have their principal lowered due to reduced value is crap and is stealing from the taxpayers.
At best, you can lay 50% of the blame for the housing crash on the lenders and brokers. The homeowners were in on it just like everyone else in the game.
Slashdot Mirror
In some states, possession of tools for picking locks or breaking into cars is illegal. Sure, they can have legitimate uses, but at some point government decided that the potential illegal uses far outweighed the legal uses and subsequently outlawed them
Now look at this device. Seemingly innocent with a legitimate purpose, but apparently a perfect platform for more nefarious use.
So I pose the question: At what point should possession a device like this or derivatives be considered to be a defacto indication of intention to illegally break into a network? Should it ever be considered that?
If not, what additional software or form factor enhancements would change your mind?
Discuss amongst yourselves.
Too bad people have to post this as ACs
You can have my empathy, but not my money.
Are you speaking of those who signed the Stated Income document saying they mode more than they really did?
If you are talking about the brokers...if they broke the law then send them to the big house.
Go ahead and put in a call to Obama and see what he will do.
Hey...there's a law that allows you to do it. You suffer the consequences, but it you want to, go ahead.
But don't come whining to me (taxpayer) because your credit is trashed and no one will allow you to charge shit for the next 7 years.
It's very easy to set up an amortization table in a spreadsheet. Most even have a function for it.
Were you just going with what you wanted to hear and not listening to the voice in your head that it was too good to be true?
If so, then you are the fucking jack ass...too stupid to look out for your own good. Morons like you are the one bring this place down with your insipid whining about how you were fooled.
Warren? Is that you?
Maybe that's our problem eh? No one takes responsibility for themselves anymore. Get second opinions from other doctors, get multiple bids for work to be done, etc.
Lawyers and accountants have fiduciary duty to you and violating that will lead to losing their licenses.
Bankers don't. It's your money. Take responsibility for it. Ask questions. Don't just sit back and say "I trust these guys to make decisions for me".
I bet they saw you coming for a mile.
You have a responsibility to not put up with that B.S. It's YOUR money. You also have the option of finding a different lender who would tell you the payment.
But I have to say it stretches credulity to think that they could close without being able to tell you the exact payment amount. You are an AC so I'm calling conditional bullshit.
Then King Country is fucked up...you should move. In fact, you guys have been in the news because of the incompetency of your elected officials during elections.
Yeah...get out now.
My budget accounted for the mortgage and other expenses. No one ever imagines they will lose their job. Even if I had, I was out ten months so it would have been a ridiculous amount to keep ready just in case (or so I thought then). But I don't blame the mortgage broker or the lender for it. I made a deal, I couldn't keep it.
You can blame the people who bought what they couldn't afford. And you should blame people for not knowing what they can afford.
To the extent that high risk loans were sold to people and misrepresented as low rick investments, there, people should go to jail for fraud. Waiting for Obama to announce investigations...not holding my breath as he gets lots of money from these people.
There are two sections...all the legal B.S. spelling out the rights of the respective parties etc.and then the actual statement of costs (the disclosure).
That's what I paid the most attention to because that is where the payment schedule was enumerated. I knew what the payments were at the beginning and how they could go up after one year depending on the interest rates (variable rate, which I"ll never do again). It was pretty clear and unambiguous.
You were not defrauded.
Things were fine when you had your job. You lost your income. that's tough, but it happens.
To say the banks knew what was happening is dubious at best. To the extent that they did and their actions were illegal, then they should hang for it.
But I don't see Obama building any scaffolds.
You're blaming people for losing a game of hot potato
Which they chose to play.
Second point, which I won't quote for length reasons:
If his company collapsed and he couldn't afford to make the payments, then declare bankruptcy and move on. That's what it is for. If he could, then stay put and make the payments. at least he has a place to live and...the market WILL recover. He may not make out in the end if he bought at historic highs, but then that was his decision to make.
So you made out well...good for you. Other didn't, too tough...there are no guarantees. So what's you point?
And I'm hardly prophetic since I didn't make out too well. But I'm not out whining for the feds (taxpayers) to make up for my misfortune.
I'll buy that. But not with a 30 year mortgage.
why should they get blame for doing what they were told was right?
Someone sitting there, making $30k a year should know that there is no way they can afford and $300k loan. Doesn't matter who told them what.
In this context you should probably place 50% on the feds for making it possible for a lender to do these things, knowing that they could off load them onto the feds.
Texas reassess every year. My property taxes went down.
I didn't speak to the Banks failing...they should have. But that has no bearing on my statement.
And BTW, if you lost your job and have to sell, then thems the breaks.
It's happened to me, it's happened to many others. Deal with it and move on.
Oh what absolute B.S.
I have no sympathy for anyone who is foreclosed on because they got a loan they couldn't afford. And make no mistake, they knew what they were getting into. It's all right there and anytime I've purchased real estate, they laid it all right out for me and had me initial it. I knew what I was getting into and I knew what my budget was...so did everyone else.
And don't even talk about "underwater" homes. Unless you need to sell, the fact that your home is worth less is irrelevant to you budget. In fact, it will help because your property tax will decrease. If you can make the payments, keep making them and keep living there. All these refinance programs created so that people can have their principal lowered due to reduced value is crap and is stealing from the taxpayers.
At best, you can lay 50% of the blame for the housing crash on the lenders and brokers. The homeowners were in on it just like everyone else in the game.
I really enjoy watching all those stupid criminal shows and youtube videos of all the rich people stealing cars, holding up banks and liquor stores.
The Dyslexic are wondering why they are transplanting limbs onto a Cadavar, why they named it Evket, and why Samzenpus can't spell cadaver.
Most everyone is/was aware of the health problems.
Yet people still smoke and government still makes lots of money from taxing it.
Everything causes cancer.