27 October 2009

Not happy with your home loan modification? Hire some muscle and torture your loan officer(s)

Posted by Rock Trueblood at

8 comments:

Anonymous said...

While I don't like violence, I think that the government's willful blindness to the frauds and thefts that have occurred and the suffering of ordinary people who were defrauded by big banks and the mortgage brokers they funded and encouraged... I guess I'm saying that until Americans become a bit more violent about what's happened, it seems to me that these thefts will not end.

Look at the bonuses at AIG and Goldman Sachs. Look at the same banks taking taxpayer money jacking rates up on credit card holders. Those banks borrow our tax money at 0.25% and then charge us 29.99% on our credit card balances.

Mortgage brokers are part of the problem for sure and so are real estate agents. But I think until the public has more violent outbursts toward the banks and brokers and real estate agents, this theft will not stop.

It's like if someone stops by your house and says, "Give me $10, or else" and you give them the $10. It's highly likely the person will stop by again because you let him know that when he steals from you, you may not be happy about it, but you are powerless and you will do nothing.

The American people have revealed to the big banks, the big billionaire international investors, the members of Congress that the banks and investors own, the American people said to these forces, "I'm powerless. I may not like what you're doing, but I am powerless to stop you and I won't risk my leased car and mortgaged house and 9 by 9 cubicle for justice and freedom. I will cower in silence no matter how you plunder this nation because I am afraid."

And so now more than at any time in American history, the wealthiest and most powerful among us are fairly well certain that the rest of us won't do anything no matter how much they steal.

To reverse that belief and the behavior that necessarily accompanies it, I fear that only violence will be effective. I think it will be difficult for the people to regain control of this country without a bit of violence. It will be unpleasant here for a short while, but if it doesn't happen, it will be much more unpleasant here forever.

Wed Oct 28, 12:27:00 AM 2009
Don said...

So the couple did not like their modification that THEIR lender/investor/servicer gave them, then beats up the person(s) from a for profit company who submits loan modifications to the couples lender/investor/servicer for consideration. Great move idiots - now you and your cohorts look at serving some serious prison time. BTW - Wasn't one of the persons who hired the modification company a REAL ESTATE AGENT? This agent aka idiot should have know there is NO guarantee applicants will get a modification from their lender/investor/servicer. Why do people who are facing difficulty paying their mortgages, get hooked in scam jobs who just take you money. They are out there!

Wed Oct 28, 07:18:00 AM 2009
Rock Trueblood said...

Don,

Yes, one of the five arrested is a Realtor.

Wed Oct 28, 09:56:00 AM 2009
Mike said...

I largely agree with the anonymous poster about violence and the lack of will among most people to do anything about the fraud in the system. And in my view, if the government doesn't address the basic structural problems in our economy of too much debt and not enough savings or capital, we will not have a sustainable economic recovery. So while the stock market can stay irrational in the short term, longer term I believe it will go back to reflecting the fundamentals of our boom and bust system. So that's why I believe that for long term investors the only areas to park your money in are cash and gold. I think the gold price will continue to go up due to a lack of confidence in our government's policies and in fiat currencies. I recently read some very interesting articles on these topics at http://www.goldalert.com/, which discuss the relationship between the dollar, the gold price, and gold mining companies given the Federal Reserve's monetary policies. I thought the article titled "Gold Price Up, Dollar Down - Does it Really Matter?" on the left side of the page was particularly useful for people to get a better sense of the relationship between these asset classes. There are many unintended consequences of the govt's policies that I believe have yet to be felt as well.

Wed Oct 28, 02:31:00 PM 2009
Anonymous said...

RE & related agents: KILL 'EM ALL! And someone PLEASE shoot our mulattoe president while you're at it too!

Wed Oct 28, 03:49:00 PM 2009
morgino said...

What the hell is a mullattoe? Is that some sort of fungus in the foot area? I wouldn't threaten the president by the way you imbecile or it could lead to jail time for you as well.

Wed Oct 28, 08:30:00 PM 2009
Anonymous said...

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Sat Jan 09, 08:19:00 AM 2010
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Sun Jan 17, 03:46:00 PM 2010

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