Election 2010: Teabaggin' the Ds & Rs

[Cletus Miller]

Originally Posted by Atticus Grinch

Uh, isn't Greece an illustration of what happens when you fund this year's expenses with TOMORROW's taxpayers' taxes? I can only defend a system where it's "this set of programs cost X; let's all pay X in taxes this year."

But that's not what you wrote here:

Originally Posted by Atticus Grinch

And, I would argue, in no place on earth where voters set both X and Y is the government "bloated." They have simply made a resource allocation between public and individual expenditure.

The Greek voters set taxes at X and spending at Y, and thus you would argue that the Greek government is not bloated. And I'm unclear on how that sentence was supposed to have a different meaning, tho I've tried (a second time) to find one.

Originally Posted by Pretty Little Flower

The oh-so-precious, begging-for-an-emoticon, half-of-the-conversation posting style exhibited above underscores my already unshakeable conviction to never read this board. Ever.

The compulsively-hyphenated-because-apparently-you-believe-it-makes-your-observations-appear-wittier nature of this post shows you to be the sort of selfish, narcissistic and poorly-educated individual who likely would have voted for Prop 13.

You will not be missed.

<<sniff>>

[Cletus Miller]

Originally Posted by Tyrone Slothrop

This business of calculating property taxes by the last sales price instead of assessed value is ridiculous, and selfish is maybe a good word to call it. It's subsidy of people more likely to vote by people less likely to vote and others who haven't moved to the area yet, and it stinks.

But that's what the majority wants, so it must be okay. Fuck those people who don't vote. Or weren't around to vote in the early 70s.

[Hank Chinaski]

Originally Posted by ironweed

http://www.theatlantic.com/politics/...-a-nazi/64319/

I'm sure Hank has video of Dem candidates dressed in white hoods and stuff, so we can't really draw any conclusions, but damn - where does the GOP find these guys?

last night we went to the village and saw "Manson: The Musical" A lot of this stuff is just meta, right? I mean it's a joke?

[Hank Chinaski]

Originally Posted by ironweed

I'm not sure about that. My buddies and I in the "Glorious Leader Ho Chi Minh Brigade" of our local Viet Cong re-enactment society get the black pajamas out and use the local park every weekend, despite the lack of any rice paddies anywhere nearby. Hint: the inside of a tunnel looks the same no matter where you dig it!

Nazi is safer that Rebel. The Nazi mainly means you don't like Jews, which is a pretty safe position for most of Illinois.

Originally Posted by Hank Chinaski

last night we went to the village and saw "Manson: The Musical" A lot of this stuff is just meta, right? I mean it's a joke?

If Rich Iott and his friends were doing an off-off-off production of The Producers, why not just say so?

[Hank Chinaski]

Originally Posted by ironweed

If Rich Iott and his friends were doing an off-off-off production of The Producers, why not just say so?

I'm just here to warm up the audience on the one. once Penske gets to cruising height and he gets the company paid for Wifi going he'll take over.

[Cletus Miller]

Originally Posted by sebastian_dangerfield

Hope's got nothing to do with it. We are so lucky, and any other conclusion can only be reached by:

1. An opportunist/advocate looking for a story (or class action suit); or
2. Someone who has no idea what he's talking about.

Originally Posted by Tyrone Slothrop

Over to you, Cletus.

If Seb thinks the foreclosure process includes a lot of meaningless requirements, he should lobby the PA legislature to change the law. Because, as we all know, it is unduly burdensome to require that a lender actually own a loan and be entitled to enforce the remedies available thereunder before attempting to exercise those remedies. And asking (even if sua sponte) the Lender to provide proof of their good title to the mortgage and the note secured thereby is just another example of consumer protection run amok. His position on this is odd given a PM conversation Seb and I had previously.

That said, the national media attention is wholly overblown. There is a widespread problem, but it is (really, truly) merely procedural in the vast, vast majority of cases, and the real upshot is that a lot of mid-sized firms in each of the 50 states are going to get work cleaning up mortgage files and updating foreclosure forms libraries for the big banks.

[Cletus Miller]

Originally Posted by Hank Chinaski

Nazi is safer that Rebel. The Nazi mainly means you don't like Jews, which is a pretty safe position for most of Illinois.

Ohio. Even safer.

[Tyrone Slothrop]

Originally Posted by Cletus Miller

If Seb thinks the foreclosure process includes a lot of meaningless requirements, he should lobby the PA legislature to change the law. Because, as we all know, it is unduly burdensome to require that a lender actually own a loan and be entitled to enforce the remedies available thereunder before attempting to exercise those remedies. And asking (even if sua sponte) the Lender to provide proof of their good title to the mortgage and the note secured thereby is just another example of consumer protection run amok. His position on this is odd given a PM conversation Seb and I had previously.

That said, the national media attention is wholly overblown. There is a widespread problem, but it is (really, truly) merely procedural in the vast, vast majority of cases, and the real upshot is that a lot of mid-sized firms in each of the 50 states are going to get work cleaning up mortgage files and updating foreclosure forms libraries for the big banks.

For most of us, the problem is that the uncertainty that this creates for properties in foreclosure is going to slow the recovery from the housing troubles.

[sgtclub]

Originally Posted by Atticus Grinch

Every study ever done has shown that people will agree with the statement "taxes should be cut" while agreeing also that "programs should not be reduced." You think a ballot prop that cynically conveyed to the electorate that you could starve the beast without cutting programs was anything but selfish?

Huh? The core of Prop 13 was that voters needed to approve tax increases. The voters do not have much to say about spending. The legislature needs to do the math and it is at fault. I see nothing selfish about wanting a say over tax increases.

[sgtclub]

Originally Posted by Tyrone Slothrop

This business of calculating property taxes by the last sales price instead of assessed value is ridiculous, and selfish is maybe a good word to call it. It's subsidy of people more likely to vote by people less likely to vote and others who haven't moved to the area yet, and it stinks.

This works both ways. I have been paying at a higher value than my property is worth for years now, even though I have tried to get that reduced via the process. I don't see this as "selfish". It may not be good policy, but I don't know why there is a moral judgment here.

[Cletus Miller]

Originally Posted by Tyrone Slothrop

For most of us, the problem is that the uncertainty that this creates for properties in foreclosure is going to slow the recovery from the housing troubles.

This is true and another issue.

I suspect that the moratorium will end pretty quickly in a significant number of states--probably including ones with a high volume of foreclosures, but lesser procedural hurdles for foreclosure sales. Most states east of the Mississippi will likely take longer to sort out, and I could see Ohio frozen until next summer.

[Hank Chinaski]

Originally Posted by Cletus Miller

the foreclosure process

I write now with the fear that I will drive flower even further from the board---

my mortgage right now came from a fly by night lender. it was written in the wild west days and sold to a more established lender. I know it's wrong in at least one respect (to have adequate money in hand the lender gave me a $30K boat on the books!).

I'm sure that same lender fucked up a lot of other aspects of my loan and others. but now fly by night company is gone. and someone owns the notes.

there may be chain of title problems all over some of them, but at the end of the day we do want some bank to buy them, right? and the family being evicted, they typically aren't challenging who owns the loan, are they? isn't this all more that when someone looks at the papers they question whether the bank has perfected title to the loan?

we see this lots in IP, company a buys b which had bought c. of course no one took the time to perfect the title to the 1000 patents through all of that. no one really questions who owns them, but there is no proof of title-

we can simply discount for the value of the patents in the purchase price and let the things expire. that doesn't work well with a chunk of property that some bank has invested a few hundred grand in.

[sgtclub]

Originally Posted by Cletus Miller

If Seb thinks the foreclosure process includes a lot of meaningless requirements, he should lobby the PA legislature to change the law. Because, as we all know, it is unduly burdensome to require that a lender actually own a loan and be entitled to enforce the remedies available thereunder before attempting to exercise those remedies. And asking (even if sua sponte) the Lender to provide proof of their good title to the mortgage and the note secured thereby is just another example of consumer protection run amok. His position on this is odd given a PM conversation Seb and I had previously.

That said, the national media attention is wholly overblown. There is a widespread problem, but it is (really, truly) merely procedural in the vast, vast majority of cases, and the real upshot is that a lot of mid-sized firms in each of the 50 states are going to get work cleaning up mortgage files and updating foreclosure forms libraries for the big banks.

I don't have a problem with getting the procedure correct. My problem is that this is being couched as a consumer protection issue when it is not, and as of this weekend, not one wrongly foreclosed* borrower has been identified.

*By this I mean a borrower's whose property was not in default.