"It was great while this scam lasted but I guess the end is near"
- HP'er / S&A'er Nick, announcing the end of his HELOC ATM / Mortgage Avoidance scam, March 2009
Soot & Ashes Favourite Blogs
PerpWalkWatch - # of Hours New AG Eric Holder Has Let Angelo Mozilo Run Free
Eric Holder and Barack Obama
Failure to
Arrest
Angelo Mozilo
2862 Hours
(countdown suspended 6/21/2009)
ERIC HOLDER - YOU ARE A COWARD
DO YOUR JOB
(UPDATE 6.4.09 - SEC CHARGES MOZILO WITH INSIDER TRADING. YET ERIC HOLDER STILL SITS ON HIS ASS AND DOES NOTHING)
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18 comments:
History keeps repeating. A sucker is born every minute. Let's take out great depression protections becase they're holding back profits. What a great idea! LOL.
Yeah, Nick is the kind of guy that Obama's housing plan is designed for. All the scammers, all the bus drivers living in $800K homes, and all the lying flippers and zero down AM mini-Madoffs.
Welcome to Ponzi America.
And these deluded, kool-aid drinking fools like Jon Stewart, CNN, Olbermann and that ugly dyke Rachel Madcow have the gall to attack people like Rick Santelli who share the opinion of the average responsible American.
F*CK YOU NICK!
F*CK YOU OBAMA!
The bankruptsy game is nothing new. I personally know a handful of people 10 years ago that went bankrupt and intentionally maxed out all their credit cards before filing.
I know 3 people that after filing bankruptsy, within a month they were driving new/ used cars they bought on their new 'clean slate'.
Just like the welfare system, it is not a criteria to be sincere, and it is impossible to weed out the abusers of the system.
For the record, I am in the process of foreclosure. However, I am not misleading tenants, lenders, or anyone else about my situation. It looks like I will probably be out after 6 months because all this is not worth the headache. At $800 rent per month, to milk it another 4 months is $3200 I could save.
Not like I'm all noble, just isn't worth it.
Balif wack his peepee!
You've cashed your last check Asshole Nick.
The authorities have been notified.
Expect a knock on your door Real Soon.
Debtors prison awaits.
Bye Bye.
Mozillo ready to get the smack down!!!!!!!!!!!!
http://www.dailynews.com/breakingnews/ci_11843050
crispy&cole
Hey Nick, didn't you say you had a great time while the chicken littles here were stupidly being prudent.
Oh Wow, has all that spending come back to bite you on the ass ??
Never mind, you had a great time living large like the rich, didn't you ???
Shame, they don't have debtor's prison, you might have to bend over while someone else do you.
You would have enjoyed the experience. Sorta like a thrill for people like you.
Weren't you the clever one eh ?
Rubbing it in to people who were too stupid to take advantage like you.
Its alright, just move in with your parents, hopefully the basement is still vacant.
HAHAHAHAHAHAHAHAHAHAHAHA
He should marry this chick.
Octomom Breakfast Special: 8 eggs, no sausage...
and the other guy pays the bill!
Click to hear Nick plead his case
Have you calculate the number of foreclosures for home owners who have a traditional 30 year fixed mortgage, but have been unemployed for over one year.
How can you modify a loan for home owners who have no job.
http://money.cnn.com/2009/03
/05/news/economy/jobs_outlook
/?postversion=2009030514
Steep decline
If the job loss forecasts for February turn out to be accurate, it would be the worst monthly drop since 1949.
It would also bring total job losses over the last six months to 3.1 million, the largest six-month job loss since the end of World War II.
You really think he was telling the truth -- with that quote, any any other bullshit he ever said? He's the one claiming he was buying $90 boxes of Godiva chocolates, four at a time, right? I don't believe anything I see on blogs if it's positive to the writer. Blog commenters are full of bragging and bullshit. Except for me.
At least the Gov. will use our tax dollars to pay his 2nd.
http://www.cnbc.com/id/29513414?ref=patrick.net
Deep deep in the pages of the plan, is paragraph vi. Second Liens: While eligibly loan modifications will not require any participation by second lien holders, the program will include additional incentives to extinguish second liens on loans modified under the program in order to reduce the overall indebtedness of the borrower and improve loan performance. Servicers will be eligible to receive compensation when they contact second lien holders and extinguish valid junior liens. Servicers will be reimbursed for the release according to the specified schedule, and will also receive an extra $250 for obtaining a release of a valid second lien.
So in an effort to help borrowers stay current on their newly modified loan, which is at a nice new 31% debt to income ratio, the government is also going to pay cash money to get servicers to totally wipe out second liens. When I heard this I thought there might have been something funky in my morning muffin.
-------------------
The time for riots is now. I am gonna make every neighbor who gets my tax dollars to pay for his house, pool, Jet skis, boat, miserable for life! Count on it. Obama is creating a civil war!
January and December job lost number was revised upward, how high is the real February job lost number.
http://finance.yahoo.com
/news/Unemployment-hits-25year-
cnnm-14566399.html
The U.S. economy continued to hemorrhage jobs in February, bringing total job losses over the last six months to more than 3.3 million, and taking the unemployment rate to its highest level in 25 years.
The government reported Friday that employers slashed 651,000 jobs in February, down from a revised loss of 655,000 jobs in January. December's loss was also revised higher to a loss of 681,000 jobs, a 59-year high for losses in one month.
Mitesh Damania said: "A sucker is born every minute."
That's low balling it, don't you think?
Silicon Valley unemployment rate for January 2009 at 9.4 percent easily surpassed the one month high of 9.2 on January 2003 during the height of the dot com bust which took three years to build.
If this downturn is just starting then how high will Silicon Valley unemployment rate go three years from now.
What impact will job lost have on the rental market as people migrate out of Silicon Valley.
Will a major drop in rent price take out the recent home speculators driving home price to go even further down.
Will job lost dig into traditional 30 year fix mortgage driving foreclosures rate even higher.
If Silicon Valley was the driving force that lead the Nation out of the last recession, then what does high unemployment rate at Silicon Valley represent to the Nation during this downturn.
http://www.mercurynews.com
/breakingnews/ci_11847980
Silicon Valley's unemployment rate jumped more than a full point, to 9.4 percent, from December to January, the biggest increase since at least 1990, the earliest year for which the state Employment Development Department has comparable data.
Silicon Valley Leadership Group CEO Carl Guardino said he worried worse was to come: "If the January unemployment numbers resemble a horror movie, then I fear the sequels that will be released in February and March, as they will probably be even more frightening."
How will Obama's mortgage plan stop foreclosures.
Can you modify a mortgage so that the payment is zero dollar a month when this prolong downturn turn into a Great Depression
http://www.fresnobee.com/
business/story/1243470.html
Fresno Co. joblessness hits 15.7%
The figures reflect mounting job losses as the national economic crisis tightens its grip on the region.
Fresno County lost an estimated 11,700 jobs from December to January, driving the number of unemployed people to about 69,500 -- the largest number ever reported under the current system in state employment data, which began in 1990.
Soup lines is currently happening around the Nation, but will it be a common thing like in the 1930.
http://www.sun-sentinel.com
/community/news/fort_lauderdale
/sfl-flbmayocol0217sbfeb17,0,
4630321.column
It looks like a bread line you'd see in black-and-white photos from the 1930s.
But this is the here and now, on Saturdays in Fort Lauderdale Is your Fort Lauderdale restaurant clean? - Click Here.'s Stranahan Park. Next to the Broward County Click here for restaurant inspection reports Main Library and a baguette's throw from the Museum of Art and trendy, touristy Las Olas Boulevard.
A few weeks ago, the line stretched around the block, leading to the back of a pickup truck where Reiza Ahmad handed out Styrofoam boxes of chicken and rice prepared by his mother.
He came with 150 boxes. The food was gone in a half-hour.
Jamal Wong, 37, has been homeless since the fall. He worked as a cook and an electrician but can't find a job. "I've got two kids, and I'm paying a friend $250 a month to take them in," he said. "I don't want them on the streets."
Won't the US Dollar get stronger if the Pound get weaker.
Wouldn't a stronger US Dollar kill high tech businesses.
http://www.actionforex.com
/fundamental-analysis/daily-forex-
fundamentals/could-the-pound-decline-
sharply?-2009030681127/
Could The Pound Decline Sharply?
With the Bank of England officially announcing yesterday it would issue new central bank reserves (money) in order to purchase up to 150 billion pounds of assets, mostly U.K. government bonds (gilts), it seems reasonable to assume there's a potential to see the pound decline sharply.
No sane person will ever again lend Nick $1
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