Posted by: Timothy Ellis (The Tim)

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

52 responses to “Weekly Open Thread (2014-06-02)”

  1. pfft

    Obama can’t even bring home a POW w/o getting criticized by republicans.

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  2. whatsmyname

    By drshort @ 73:

    Hoping some of the smart people on here might have some ideas with a family mortgage situation. Maybe Tim could make this a featured item (because it’s interesting in its absurdity).

    My father in law bought a house in 2006 with 100% financing. He’s been getting a reduced interest rate on a first and second loans due to wife being active military and has been able to make the payments. Now she’s out and the interest rates are going back to what’s stated in the note and he won’t be able to keep up.

    Transaction
    + Bought the house for $390 in 2006, now worth maybe $340K

    The mortgage details:
    + First mortgage is interest only 3/1 ARM at 7.99% for $290K. Since the index rate has gone down over time, this will be at this rate for the near future. However, the note states the rate cannot adjust down, only up.

    + Second mortgage is a 30 year at 11.75% for $100K amortized over 40 years. Balloon at 30 years.

    He asked me to take a look at his closing docs and I was a little appalled. In them I found:

    + There was a side loan for the seller to pay $13K in closing costs. This was clearly in the purchase and sale agreement. Someone hand wrote in not to record it for one year. I believe the lender had that added. Despite being in the P&S agreement it’s was nowhere in the loan docs. This would have made it over 100% LTV and the loan would have been denied. And there were two versions of the appraisal — one with this side loan included as part of an inflated purchase price ($403K) and a later one where it’s removed ($390K), so the lender knew of it.

    + The appraisal is complete crap. The comps are much nicer and nothing like the subject property. This is a cookie cutter home in Renton and plenty of close comparables to find.

    + There’s income listed on the application that isn’t real. Even with the fake income on the application the DTI was 46%. They needed all this fake income to qualify.

    + There’s some connection between the seller and now out of business mortgage broker. The broker just showed up one day with papers to sign after a few phone calls.

    Father in law isn’t very money smart (obviously) and was stupid to buy this house. He’s the poster child for unsophisticated borrower. Now he’s been trying to refi for years, but he’s still very much underwater since he bought at an inflated price in 2006. Lately he’s been trying to get a loan mod for a lower interest rate with no luck (probably because he’s current).

    Questions:

    + Could he use a predatory lending defense against foreclosure if it came to that? There was clear intentional fraud at origination (fake income, bad appraisal, unlisted home loan with instructions not to record). It’s been 8 years now, so that seems sketchy to me. But the only reason he’s been able to stay current has been the military program that significantly reduced his interest rates.

    + Is there a bankruptcy option (7 or 13) where he could eliminate the second mortgage? He could likely afford the first if the second wasn’t there.

    + Can the predatory lending / mortgage fraud argument be used to motivate the lender to modify the loan?

    I’m reposting your post because I think it deserves more chance for exposure to the legal and residential lending minds here.

    I am neither, but I think the rates and terms on these loans are unconscionable. Market for that ARM should have started around 5%, and be at about 3% now. I never heard of a non-amortizing ARM that can’t go down. I wonder if there are consumer protections about that. Also, I would wonder if that 2nd might not qualify as purchase mortgage money under the circumstances.

    Regarding the fraud issue on the false income and under the table note, I would think that your in-laws are at least as culpable as anyone else, if not more so. So I wouldn’t bring that up.

    Absent other issues, the lender with the first has $290 on a $340 property in a pretty good market. I don’t think they’d mind their chances in a foreclosure. So what the in-laws can do with (or to) the holder of the second is probably key.

    These people need advice from someone who really knows. That could involve a fee.

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  3. Erik

    RE: whatsmyname @ 2
    I was in a similar situation where I couldn’t get my loan modified because I was current on my payment.

    Here is what I would do… Move out of the house and rent it. Then stop paying your mortgage. At about 9 months, apply for hamp, the home affordable modification program. After you get denied, apply again, then again, etc. Ray Pepper is always on here talking about riding the “hampster” wheel. This is a perfect situation for that and I regret short selling and not doing it.

    Say he can rent his place for $1200/mo. He could potentially gain $1200/month*12moths/year*5years = $72,000. Encourage him to do this. He will feel free and his pockets will be full of cash. I would contact Ray. He is the pro at this kind of stuff. I just read his comments and hit myself for not doing that.

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  4. softwarengineer

    RE: whatsmyname @ 2

    I had a 10/20 loan, the first 10 years it was fixed around 6% in 1999, but by 2009, it was to become a 4.5% ARM….that’s when I paid off the principle and eliminated it.

    I don’t trust ARMs. If I recall, BECU never told me the fixed loan morphed into an ARM after 10 years, albeit the mortgage bank holding my original loan through BECU was bought off, so policy rules change like on an erasable blackboard with “musical chair” banksters I assume.

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  5. Blurtman

    A day after prosecutors claimed two homeowners stabbed a Wall Street banker to please a mythological creature, a website that publishes stories about the creepy urban legend says it’s not to blame for the crime.

    According to the criminal complaint, the West Seatlle homeowners said they wanted to kill a banker so they could show their dedication to Slenderman, a paranormal figure they said they discovered on creepypasta.wikia.com, the Seatlle Times reports.

    Read more: http://www.nydailynews.com/news/national/slenderman-wisc-stabbing-article-1.1815135#ixzz33agGCnCK

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  6. Kary L. Krismer

    By pfft @ 1:

    Obama can’t even bring home a POW w/o getting criticized by republicans.

    Obama can break the law, negotiate with terrorists and release dangerous people back into the world, and still not be criticized by pfft. But hey, he’s not an Obamabot! /sarc

    What amazes me is that they sent Susan Rice out to support this deal. Obama is just a glutton for punishment. He should have had “liar” tattooed on her forehead first to assure that her presence would do more harm than good.

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  7. Kary L. Krismer

    Even the mainstream press seems to think it’s open season on Obama.

    http://time.com/2819889/obama-russia-europe-poland/

    It’s going to be a long 2.5 years.

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  8. pfft

    By Kary L. Krismer @ 6:

    By pfft @ 1:
    Obama can’t even bring home a POW w/o getting criticized by republicans.

    Obama can break the law, negotiate with terrorists and release dangerous people back into the world, and still not be criticized by pfft. But hey, he’s not an Obamabot! /sarc

    What amazes me is that they sent Susan Rice out to support this deal. Obama is just a glutton for punishment. He should have had “liar” tattooed on her forehead first to assure that her presence would do more harm than good.

    obama got a US soldier POW back. that is good. plenty of people have said it. many republicans pressured obama to do it not too long ago. from what I’ve read according to international law we had to exchange prisoners at the end of the war in Afghanistan which is ending very soon.

    “But hey, he’s not an Obamabot!”

    some US military people said it was a good idea, some former bush admin officials said it was a good idea an some republicans who are criticizing obama we for obama doing more before they were against it.

    what is your solution? leave someone there?

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  9. softwarengineer

    National News: Half of Americans Can’t Afford Their House

    http://www.marketwatch.com/story/over-50-of-americans-struggle-with-home-affordability-2014-06-03?siteid=yhoof2

    Since the Seattle area is about twice the average national price of homes, I’d assume 70-80% of the Seattle home buyers can’t afford their house, using national data?

    Comments?

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  10. Blurtman

    RE: softwarengineer @ 9 – Yellen says “SPEND!”

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  11. Kary L. Krismer

    By pfft @ 8:

    what is your solution? leave someone there?

    At a minimum it’s to follow the law. Even Senator Feinstein is critical of Obama for not following the law on this one, which shows how much of an Obamabot you are.

    http://online.wsj.com/articles/feinstein-congress-should-have-been-consulted-on-bergdahl-exchange-1401832005

    Of the three comments I made in Post 6, the negotiating with terrorists is probably the weakest. The Taliban are very bad people, but they were running Afghanistan and we did help to remove them from power. So in a sense it is just an end of war prisoner exchange, but because we’ve labeled the Taliban terrorists that exchange is more problematic. But regardless the law is the law, unless you’re Obama. Then even the Bill or Rights isn’t the law.

    But to make up some BS story about how his life was in danger so that Obama could ignore the law is classic Obama. And using Rice to go out and lie to the press is also classic Obama.

    I know there’s little hope for you reversing your Obamabot status, but I am starting to see some hope that the anti-Obama people in Congress will start to include some Democrats. At some point they have to become critical of his crap, and at some point they have to realize that if they don’t slap him down worse crap will be occurring in the executive branch next time a Republican is in office. If we keep allowing the executive branch more and more power, this country is at great risk.

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  12. Kary L. Krismer

    By Blurtman @ 10:

    RE: softwarengineer @ 9 – Yellen says “SPEND!”

    Who was the local AM radio commentator who ran for Congress? I can’t think of his name. But after 9/11 he had a piece where he compared the sacrifices people were asked to make during WWII to what they were asked to do after 9/11 (Go shopping.).

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  13. Blurtman

    RE: Kary L. Krismer @ 6 – Well Bill Whiskey Wixey can diagnose serious illness merely by looking at a snippet of footage of a person in the cab of a truck. Yes, Whisky stated that footage of Bergdahl in the cab of a beat up Totyota truck disproves Obama’s contention that he is seriously ill.

    Yes, Whisky is an empty suit and yes Fox is propaganda. Even the pitiful local stations.

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  14. Blurtman

    RE: Kary L. Krismer @ 12 – That was W’s advice, actually. Still the worst president of all time.

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  15. Kary L. Krismer

    Wow, the Rice thing is even worse than I thought. Her “honor and distinction” comments were in response to a question regarding Bowe possibly being a deserter. And at the same point when asked if he’ll be investigated and possibly prosecuted for desertion she mentions that he’ll be returned to his family. Before I called her a liar. Now I’m going to add that she is apparently incredibly stupid.

    http://abcnews.go.com/ThisWeek/video/ambassador-susan-rice-release-sgt-bowe-bergdahl-23947718

    (That part starts just before 7 minutes in.)

    That woman is willing to say anything! And again, Obama is a glutton for punishment putting her out there. I’m not the only one making the Benghazi connection to her comments. If Obama wanted someone with more credibility he should have dug up Joe Isuzu.

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  16. Kary L. Krismer

    By Blurtman @ 13:

    RE: Kary L. Krismer @ 6 – Well Bill Whiskey Wixey can diagnose serious illness merely by looking at a snippet of footage of a person in the cab of a truck. Yes, Whisky stated that footage of Bergdahl in the cab of a beat up Totyota truck disproves Obama’s contention that he is seriously ill.

    Yes, Whisky is an empty suit and yes Fox is propaganda. Even the pitiful local stations.

    The claim that he was seriously ill is also just Obama BS. There was more evidence that Iraq had WMD than that Bowe was ill. If we’d had evidence of his condition we’d almost certainly have had evidence of his location. But in any case, I’m pretty sure that if they were going to get five high value people back the Taliban could have kept him alive for 5 years and 1 month.

    As to your other post, yes that was W. And he was the worst president until Obama, and the next president will likely be even worse.

    But that leads to a question? Q: What’s the difference between W and Obama? A: No one ever expected W to be good.

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  17. pfft

    By Kary L. Krismer @ 11:

    By pfft @ 8:
    what is your solution? leave someone there?

    At a minimum it’s to follow the law. Even Senator Feinstein is critical of Obama for not following the law on this one, which shows how much of an Obamabot you are.

    http://online.wsj.com/articles/feinstein-congress-should-have-been-consulted-on-bergdahl-exchange-1401832005

    Of the three comments I made in Post 6, the negotiating with terrorists is probably the weakest. The Taliban are very bad people, but they were running Afghanistan and we did help to remove them from power. So in a sense it is just an end of war prisoner exchange, but because we’ve labeled the Taliban terrorists that exchange is more problematic. But regardless the law is the law, unless you’re Obama. Then even the Bill or Rights isn’t the law.

    But to make up some BS story about how his life was in danger so that Obama could ignore the law is classic Obama. And using Rice to go out and lie to the press is also classic Obama.

    I know there’s little hope for you reversing your Obamabot status, but I am starting to see some hope that the anti-Obama people in Congress will start to include some Democrats. At some point they have to become critical of his crap, and at some point they have to realize that if they don’t slap him down worse crap will be occurring in the executive branch next time a Republican is in office. If we keep allowing the executive branch more and more power, this country is at great risk.

    LOL.

    “But to make up some BS story about how his life was in danger so that Obama could ignore the law is classic Obama.”

    I am sure you have better info right?

    This isn’t very difficult. we got an American POW back. that is good.

    “Even Senator Feinstein is critical of Obama for not following the law on this one, which shows how much of an Obamabot you are.”

    not everyone agrees, even democrats. that doesn’t make me an obamabot or make Feinstein not an Obamabot.

    “At a minimum it’s to follow the law.”

    So he’s still there? Who in their right mind negotiates the release of a POW and waits 30 days?

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  18. Kary L. Krismer

    By pfft @ 17:

    “But to make up some BS story about how his life was in danger so that Obama could ignore the law is classic Obama.”

    I am sure you have better info right?

    I think you totally missed the point. My point was it’s extremely unlikely we had any reliable information about his health. That’s just BS, like videos caused Benghazi, or Iraq has WMD. And again, there was probably more and better evidence of the latter than of this guy’s health.

    So he’s still there? Who in their right mind negotiates the release of a POW and waits 30 days?

    A President who doesn’t think he is above the law and who doesn’t repeatedly ignore the limits on his powers?

    But seriously, you think these negotiations took less than 30 days? One Senator on a key committee said he hadn’t been contacted about this since 2011.

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  19. Blurtman

    RE: Kary L. Krismer @ 16 – What a ridiculous question! Barack is clearly a snappier dresser and more tamale red teleprompter reader than W.

    Any candidate for president must match an easily comprehended archetype, which has nothing to do with actual policies to be enacted. The urbane black man, the pseudo cowboy you’d like to have a beer with. Next will be butch lesbian who you would want to have flogged you in leather. OK, maybe in 2022.

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  20. Blurtman

    Tamale led should read talented. licking spell checker!

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  21. Blake

    RE: Kary L. Krismer @ 15
    Susan Rice is toxic, but this media campaign is purely political. Looks like the long knives are out for Obama and it will be a long 2 1/2 years.

    WikiLeaks (@wikileaks) tweeted at 10:05 PM on Tue, Jun 03, 2014:
    #Bergdahl: Captured while ‘taking a sh&t.’ Our Taliban intercepts are clear. US reporting is political. https://t.co/RZYNYz2ob5

    WikiLeaks (@wikileaks) tweeted at 7:22 AM on Wed, Jun 04, 2014:
    WikiLeaks copies of #Taliban radio intercepts show that #Bergdahl didn’t defect but was taken when on latrine http://t.co/m7yHWGNphx

    … or perhaps those Taliban radio intercepts were edited by Obama and Co.!?? A conspiracy so immense!!

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  22. Kary L. Krismer

    RE: Blake @ 22 – How he was taken is a whole different issue, one I haven’t touched on other than to suggest Rice shouldn’t answer a question about the topic in a way that indicates she has pre-judged the situation.

    Actually I did more than suggest that she shouldn’t answer that way, I said she was stupid for having done so. I really don’t understand why they send her to appear on TV.

    Finally, your long knives comment is similar to my comment in post 7, so I agree.

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  23. Blake

    Iconic right-wing billboard on I-5 in Chehalis, Washington as captured by a friend on April 3: pic.twitter.com/NBlyQGckrl
    “No soldier left behind? What about Sgt. Bowe Bergdahl?”

    The RW Response to Sgt. Bergdahl’s ReleaseProves You Don’t Need a Totalitarian State to Create a Totalitarian Mindset:
    https://storify.com/billmon1/orwell-on-the-half-shell

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  24. Kary L. Krismer

    RE: Blake @ 24 – I feel for those people in Idaho. The “traitor” controversy is really taking the edge off their celebration. Apparently tourists are even cancelling reservations, per NBC news last night.

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  25. Blake

    By Kary L. Krismer @ 23:

    Finally, your long knives comment is similar to my comment in post 7, so I agree.

    Yeah… I almost find myself feeling sorry for Obama… like “Don Draper” on Mad Men – - surrounded by fools and incompetents! But then again – - he hired them! ;-)
    (But really… Don and Barack are both narcisists and they must sleep in the bed they made themselves…)

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  26. Kary L. Krismer

    By Blake @ 26:

    Yeah… I almost find myself feeling sorry for Obama… like “Don Draper” on Mad Men – - surrounded by fools and incompetents!

    Yet another thing W had in common with Obama, the difference is for W they were largely his father’s fools and incompetents.

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  27. Blurtman

    Yellen says SPEND!

    “The financial crisis and the losses it produced for many investors have combined with government bailouts and Wall Street scandals to turn many Americans away from investing in stocks. Even as stocks have surged over the past couple of years, it has been hard for most Americans to understand what is happening on Wall Street and why, leaving them hesitant to invest in the stock market.”

    http://www.gallup.com/poll/147206/stock-market-investments-lowest-1999.aspx

    “Trust in America’s financial system held steady at 24 percent, due to attitudes toward the stock markets and banks.”

    http://www.financialtrustindex.org

    Most Americans know that the US financial system is based on fraud and a two-tiered justice system. Game over.

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  28. pfft

    By Blake @ 22:

    RE: Kary L. Krismer @ 15
    Susan Rice is toxic

    no she is not. don’t get caught up in the benghazi hysteria.

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  29. pfft

    By Kary L. Krismer @ 27:

    By Blake @ 26:
    Yeah… I almost find myself feeling sorry for Obama… like “Don Draper” on Mad Men – - surrounded by fools and incompetents!

    Yet another thing W had in common with Obama, the difference is for W they were largely his father’s fools and incompetents.

    I guess you really don’t remember how bad Bush botched two wars and ignore warnings about 9-11 do? I won’t even get to others like Katrina.

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  30. Blurtman

    RE: pfft @ 30 – Thumbs up, there. And I don’t believe incompetent Condy was a Bush Sr. holdover. Nor the pro-torture AG.

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  31. Kary L. Krismer

    By pfft @ 30:

    I guess you really don’t remember how bad Bush botched two wars and ignore warnings about 9-11 do? I won’t even get to others like Katrina.

    Well first, the warnings about 9/11 were hardly Bush’s fault or even those high up in the administration, and they were rather early in his presidency, and any mistakes could clearly carry over to Clinton.

    But again you miss my point entirely. I’d suggest you read up about Rumsfeld: http://theweek.com/speedreads/index/262706/speedreads-obama-is-less-competent-than-george-bush-say-a-plurality-of-americans#axzz33mAOfKPn

    Then, maybe just then, if you have any reading comprehension at all you’ll understand why I said: “his father’s fools and incompetents.” Rumsfeld is largely the reason the war drug on so long and so many people died. Second behind him were the Democrats in Congress who were trying to make political points by suggesting absurd solutions rather than trying to prevent the deaths of American soldiers by coming up with reasonable solutions. Both should be publicly shamed and humiliated, but many in the second group are still in office and can get re-elected practically at will.

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  32. Kary L. Krismer

    Before anyone goes and dismisses this as a Fox News survey, note where Clinton comes out.

    http://theweek.com/speedreads/index/262706/speedreads-obama-is-less-competent-than-george-bush-say-a-plurality-of-americans#axzz33mAOfKPn

    This survey found the order of competency of administration as being Clinton, W then Obama being the most incompetent. FWIW, that’s consistent with what I’ve been saying about each president being worse as time goes on.

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  33. Kary L. Krismer

    By pfft @ 29:

    By Blake @ 22:
    RE: Kary L. Krismer @ 15
    Susan Rice is toxic

    no she is not. don’t get caught up in the benghazi hysteria.

    When you’re dead, it only bothers the people around you. You don’t know you are dead. The same is true when you’re stupid.

    You have to be more intelligent than someone else to recognize their stupidity. So it’s not surprising you don’t recognize how stupid Rice is. I wouldn’t hire her to clean out my cat’s litter boxes, but Obama parades her out a second time to say stupid things on TV. Why?

    You’re getting caught up in the distractions of Benghazi, the the distractions on Bowe. The issue on Benghazi is a cover up right before an election, and perhaps a lack of action during the lengthy attack. Everything else is a distraction, but Rise was front and center in the cover up. On Bowe whether he was a deserter is a distraction. The issue is whether Obama again knowingly and purposefully broke the law. But now we have the additional distraction of Rice saying stupid things in a way that focuses on the desertion issue. That’s why she was put out there.

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  34. softwarengineer

    RE: The Tim @ 19

    How Good are You at Writing Books?

    It seems you could write a great best seller on how the housing bubble in Seattle robbed the “general” citizens” [yeah there's some exceptions, but most were reading Roubini doom predictictions and believed it] livelihood….your historical charts the last decade could back it up. Call the book i.e., “Seattle Bubble Truth”….I’d buy a copy ;-)

    You’ll need a literature agent to get it published, but I’ll look for you on FOX and CNN…..LOL

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  35. Kary L. Krismer

    Ray, your answer in the foreclosure timeline is extremely questionable.

    http://seattlebubble.com/blog/2013/10/03/foreclosure-timeline-washington-state/comment-page-1/#comment-226133

    I don’t necessarily agree with everything said in the video I sent to Tim (following comment), but I would point out that agents really shouldn’t give legal advice.

    I’m just waiting for one of these companies to do that crap again on one of my bankruptcy listings, so I can really go to town on them. They’ll learn that responding to an Order to Show Cause for Contempt of Court is not fun.

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  36. Blurtman

    Yes, it is a crime to knowingly misrepresent the risk of securities that you sell. And yes, no one is going to jail (except the poor and the powerless.)

    Don’t vote Democrat. Don’t vote Republican.

    “Bank of America is negotiating a deal with the Justice Department and a number of states that could lead to a roughly $12 billion settlement related to the bank’s mortgage banking practices, according to a U.S. law enforcement official.

    At issue are allegations that Bank of America defrauded buyers of mortgage-backed securities by misleading them about the quality of the loans involved.

    The securities in question consisted of home loans that financial institutions bundled according to their risk. The products played a key role in the 2008 financial crisis. Loans that were rated as safe began to fail in huge numbers as the housing market collapsed.

    The bank already agreed in March to pay $6.3 billion to settle four lawsuits filed by the Federal Housing Finance Authority (FHFA), which has overseen government-backed housing finance firms Fannie Mae and Freddie Mac. Those lawsuits also alleged that the bank falsely represented mortgage loans.”

    http://money.cnn.com/2014/06/05/news/companies/bank-of-america-settlement/

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  37. Kary L. Krismer

    RE: Blurtman @ 37 – Pretty spotty news article. Are these issues that pertain to BOA activity or Countrywide? BOA was stupid for buying Countrywide without getting those issues resolved beforehand.

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  38. Kary L. Krismer

    NBC was brutal to Obama and Rice last night. They started by saying that the administration changed its story late in the day and that the health story was BS, and that the real reason for not notifying Congress was secrecy. Then the second story showed Obama saying stuff about the health angle, with the clear implication being Obama was continuing to lie at that point in the day. They could have only made it more clear if they had shown footage of Clinton saying “I did not have violent love with that woman.” ;-)

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  39. Blake

    Wow… Bank of America and JP Morgan are very profitable “criminal enterprises”… Just since 2009 they have paid over $50 Billion in fines!  Just the “cost of doing business” they say… I think we’ll need to start locking up some of their senior officers to change their behavior?
    http://www.ritholtz.com/blog/2014/06/contextualizing-bank-fines/
     
    http://www.bloombergview.com/articles/2014-06-06/fining-banks-is-only-half-the-job

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  40. Blurtman

    RE: Blake @ 40 – Not that they did anything wrong, mind you, or that they are despicable coddled criminals. They are paying these fines, well, just because.

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  41. Blurtman

    Obama absolutely did the right thing with Bergdahl. The curs that pass as congress people these days, and deserve nothing less than a sound whipping, would sacrifice this fellow’s life to score political points.

    “The future is too good to waste on lies… And life is way to short to care for the gollyation of others as well as to spend it helping fools with their ideas that are wrong. I have seen their ideas and I’m ashamed to even be American. The horror of the self-righteous arrogance that they thrive in. Is is all revolting. I am sorry for everything here… These people need help, yet what they get is the conceited country in the world telling them that they are nothing and that they are stupid, that they have no idea how to live. The horror that is America is disgusting.”

    http://truth-out.org/news/item/24198-the-inside-story-of-bowe-bergdahl-afghan-war-vet-matthew-farwell-on-americas-last-pow

    Amen.

    You know, Kurtz could have made the very same comment. The Horror!

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  42. Kary L. Krismer

    RE: Blurtman @ 42 – If I get pulled over for speeding in the next month I’m going to say: “Officer, I knew I was speeding, but I was afraid that if I didn’t break the law the Taliban might kill someone.”

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  43. Blurtman

    By Kary L. Krismer @ 43:

    RE: Blurtman @ 42 – If I get pulled over for speeding in the next month I’m going to say: “Officer, I knew I was speeding, but I was afraid that if I didn’t break the law the Taliban might kill someone.”

    Rob a bank and claim that you had a lack of robbing controls in place, pay a small fine, and keep the rest.

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  44. whatsmyname

    By Kary L. Krismer @ 43:

    RE: Blurtman @ 42 – If I get pulled over for speeding in the next month I’m going to say: “Officer, I knew I was speeding, but I was afraid that if I didn’t break the law the Taliban might kill someone.”

    Would you rather be trying to make the reverse argument: “I knew that the Taliban might kill someone, but I was afraid that I’d have to knowingly break a traffic law to save him.”?

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  45. ChrisM

    As we’re all drowning in this sardonic snark, please recall that we were told the banks were “too big to fail”

    I’m tilting at windmails here, but ask yourself which of the “too big to fail” institutions were subsequently broken up.

    My answer is “none” but I’d be happy to be proved wrong.

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  46. ChrisM

    Tim – My #46 is waiting on “moderation” though I have no quotes. Has your policy changed? If so, can we get an explanation? Thanks!

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  47. mark

    RE: The Tim @ 19
    “I’m thinking about setting up a campaign on http://www.patreon.com/ for Seattle Bubble.

    Is this something that anyone here would consider using to financially support Seattle Bubble?”

    Your day has come and gone Tim. I wouldn’t donate a dime to this site.
    I only come by once every week or two and don’t find anything of value here.

    The only thing this site has to offer is a pissing contest between Kary and Pffft.

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  48. mark

    RE: The Tim @ 50RE: The Tim @ 50RE: The Tim @ 50

    I do barely come back here.

    Surely it isn’t lost on you, you’ve cut way back on the number of posts that you put up in a week. You used to post on a daily basis, now it’s only every couple of days, at best.

    You’ve even lost the humorous factor, where is “Renters Are Losers”?

    You did ask for feedback! Sorry you can’t take a little critical comment.

    Go ahead, try and expand your site, you’re the owner, no skin off my ass, best to you!

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