Comments on: How many understand what will be done with the Bail Out money? http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money Sat, 28 Jan 2012 13:27:59 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Mark C http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money/comment-page-1#comment-1000 Mark C Fri, 27 Nov 2009 08:28:59 +0000 http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money#comment-1000 Lehman Bros first funded and then bought one of those sweatshop broker companies and left it operating as an illegal setup. They were sued for fraud and lost. Meanwhile, Fuld and his buds made millions each year. The only way the scum bag brokers can operate is if the money is provided by greedy investment banks.<br><b>References : </b><br> Lehman Bros first funded and then bought one of those sweatshop broker companies and left it operating as an illegal setup. They were sued for fraud and lost. Meanwhile, Fuld and his buds made millions each year.

The only way the scum bag brokers can operate is if the money is provided by greedy investment banks.
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]]> By: Obama bin Biden http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money/comment-page-1#comment-999 Obama bin Biden Fri, 27 Nov 2009 07:39:59 +0000 http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money#comment-999 Not many. Mortgage brokers can be scum. I just refinanced last Dec. But they are at the mercy of the underwriters. Underwriters have to sign off on the loans.<br><b>References : </b><br> Not many.

Mortgage brokers can be scum. I just refinanced last Dec.

But they are at the mercy of the underwriters. Underwriters have to sign off on the loans.
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]]> By: ***ANONYMOUS**** http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money/comment-page-1#comment-998 ***ANONYMOUS**** Fri, 27 Nov 2009 07:12:59 +0000 http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money#comment-998 I think the easy exclamation to all of this is when ever George W Bush tells us to do something, We do the exact opposite of King George's orders.<br><b>References : </b><br> I think the easy exclamation to all of this is when ever George W Bush tells us to do something, We do the exact opposite of King George’s orders.
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]]> By: I ♥ Chocolate Milk! http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money/comment-page-1#comment-997 I ♥ Chocolate Milk! Fri, 27 Nov 2009 06:31:59 +0000 http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money#comment-997 I agree with you on almost all of this. One thing, though. I read the bailout bill, and the profit and proceeds of the assets the government takes over are, (at least, they are supposed to) meant to pay off the federal defecit. But I agree with you especially about the ACORN thing. :))<br><b>References : </b><br> I agree with you on almost all of this.

One thing, though. I read the bailout bill, and the profit and proceeds of the assets the government takes over are, (at least, they are supposed to) meant to pay off the federal defecit.

But I agree with you especially about the ACORN thing. :) )
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]]> By: Liliukalana http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money/comment-page-1#comment-996 Liliukalana Fri, 27 Nov 2009 05:59:59 +0000 http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money#comment-996 I'm right there with you - except your mysterious claims that most of the brokers were minority owned businesses. that is not an allegation I've heard before. The lending was predatory and did concentrate on low income recipients (typically minorities), but I'm not willing to agree that the brokers were also minorities without some more information.<br><b>References : </b><br> I’m right there with you – except your mysterious claims that most of the brokers were minority owned businesses. that is not an allegation I’ve heard before. The lending was predatory and did concentrate on low income recipients (typically minorities), but I’m not willing to agree that the brokers were also minorities without some more information.
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]]> By: Bob O http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money/comment-page-1#comment-995 Bob O Fri, 27 Nov 2009 05:50:59 +0000 http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money#comment-995 Somehow I knew that you would enlighten me.<br><b>References : </b><br> Somehow I knew that you would enlighten me.
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]]> By: Chi Guy http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money/comment-page-1#comment-994 Chi Guy Fri, 27 Nov 2009 05:28:59 +0000 http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money#comment-994 Sure. Its the poor people fault. CEOs who reaped a $484 Million income and then filed bankruptcy are innocent. "Chief Executive Officer Richard Fuld's compensation -- $484.8 million since 2000." http://www.bloomberg.com/apps/news?pid=20601208&sid=a5m5eUxUskpU "If the purchase falls through, Bain and Hellman will get a termination fee of $70 million, or 4 percent of the net price, plus a reimbursement of $35 million under the proposal." http://www.bloomberg.com/apps/news?pid=20601208&sid=a5m5eUxUskpU "WASHINGTON — Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress was told Monday." http://www.courierpress.com/news/2008/oct/06/lehman-brothers-steered-millions-departing-execs-w/?partner=RSS edit: CEOs such as the one who ran Countrywide purchased the mortgages from the brokers. Had they stopped buying them, brokers would stop writing them. That CEO received 80 Million on his way out of the door while Countrywide was sold to B of A. Good point though<br><b>References : </b><br> Sure. Its the poor people fault. CEOs who reaped a $484 Million income and then filed bankruptcy are innocent.

"Chief Executive Officer Richard Fuld’s compensation — $484.8 million since 2000."
http://www.bloomberg.com/apps/news?pid=20601208&sid=a5m5eUxUskpU

"If the purchase falls through, Bain and Hellman will get a termination fee of $70 million, or 4 percent of the net price, plus a reimbursement of $35 million under the proposal."
http://www.bloomberg.com/apps/news?pid=20601208&sid=a5m5eUxUskpU

"WASHINGTON — Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress was told Monday."
http://www.courierpress.com/news/2008/oct/06/lehman-brothers-steered-millions-departing-execs-w/?partner=RSS

edit: CEOs such as the one who ran Countrywide purchased the mortgages from the brokers. Had they stopped buying them, brokers would stop writing them. That CEO received 80 Million on his way out of the door while Countrywide was sold to B of A.

Good point though
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]]> By: Derek http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money/comment-page-1#comment-993 Derek Fri, 27 Nov 2009 04:56:59 +0000 http://www.elicitfx.com/realestate-broker/how-many-understand-what-will-be-done-with-the-bail-out-money#comment-993 Very well said. Exactly.<br><b>References : </b><br> Very well said. Exactly.
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