April 16, 2008

Ron Paul has a message for Hillary Clinton, Barack Obama, John McCain, Chris Dodd, Barney Frank and all the other mortgage bailout bozos


It saddens me to see the US being run by monkeys, who don't understand the sanctity of contracts, who don't understand moral hazard and who don't understand that destroying the US dollar is not good for America.

Ron Paul understands. And yet America refuses to listen.

Ron Paul Sees Bailout Writing on the Wall

"I think that if there is something on the floor between now and November [that] will be construed as something to help people getting out of their mortgages, nobody will consider that the responsibility of government is to honor and respect contracts.

They are going to go and violate everybody's contracts and tell people, "Just because you [received] this loan and you can't pay it [back], we are going to change the rules."

But if you and I had a contract like that, we could see that that's not right. You owe me that money, or I want my house back. It's so vague now—who owns these mortgages—they figure, "Well, somebody in China owns these mortgages, so we won't honor the contract."

34 comments:

Bitter Pennsylvanian said...

This IS the problem. Private contracts are no longer valid. In fact, it is better now to dishonor the agreement because both parties may benefit after a bailout of irresponsible lending and investing. Think of it! Tax reductions, write-offs, refunds, rebates a "no fault" insurance racket at it's best!

Ed said...

And yet Keith is going to vote for Obama. Makes sense.

Shakster said...

Shakster has a message for all those bozos too..............

shakster said...

Voters still suck.

Anonymous said...

This country is really getting sick. The latest senate $$$ handout to big business under the title "Help for Home Owners" is pathetic. The intent is not even mildly hidden from plain sight. Congress is virtually corrupt at this point. Historically, I can only think of one solution to resolving this and it's really ugly. Oops! I forgot, there isn't anyone in Washington who really cares. Let the good time roll for the few.

Anonymous said...

Gee Bitter PAn, I can't wait for the government to get involved with my health care too! They need to fix my private contract with my doctor too. I guess the 21st century will be the beginning of the end for capitalism. We're all one big happy equal pot -- no winners in the market, no losers in the market -- it's all win-win. I feel sorry for my grandkids.

Anonymous said...

What is to stop them from taking possesion of them. Better stock up on rice now, it will be in short supply later(and hide yer dog).

Anonymous said...

This is the next step in the limited liability devolution...

Say goodbye to the economy, cause we're about to have the bond markets implode!

Got ca$h?

Harg said...

yes it is sad that most people are dopes and cant see what is in front of them. That is why Ron Paul only got 5%-10% because that is the rough number of people that care and can see the real issues not this "he said X" crap we see on TV.

The system is rigged and has been for some time. How can you have a 11% aproval rate yet most in congress will get re-elected?

Anonymous said...

Pacta sunt servanda. Ditching that is the beginning of the end.

Knute Rife said...

The problem is that both sides want out of these contracts. The borrower doesn't want to pay any more, but the lender wants cash, not the house. Both sides are pushing for what amounts to a tax subsidized contract rescission/revision.

Anonymous said...

oh boy, congress will really screw the pooch if they change private contracts. Think it is getting difficult to get a loan? just wait until you see the terms when the lender is unsure if the contract will be modified by the government sometime in the future.

Anonymous said...

yes it is sad that most people are dopes and cant see what is in front of them. That is why Ron Paul only got 5%-10% because that is the rough number of people that care and can see the real issues not this "he said X" crap we see on TV.
-------------------------------

You know, if i think about all the people i know and work with, there are probably only 5-10% who really get it. i know a lot of smart people but only a small percentage really "get it".

mairca izda debol said...

If everyone is a winner then nobody is a winner. We will all equally lose in this Brave New World.

Anonymous said...

.


I like Ron....


To bad his public persona is weak and reminds me of weird uncle Zeb from the hills of Arkansas!


.

Anonymous said...

I like Ron....


To bad his public persona is weak and reminds me of weird uncle Zeb from the hills of Arkansas!


I'm sorry, you're an idiot. You obviously have no idea what Ron Paul has been fighting against in Congress for decades. You'd much prefer a slick talking dick like a Bill Clinton or an Obama that can deliver a slick speech while they rob you through taxation and defy the Constitution.

Go read Ron Paul's "Pillars of Prosperity" or "A Foreign Policy of Freedom" and then maybe you'll grasp just how f*cked Washington is and how American taxpayers are being constantly drained by corruption at the highest levels of government and collusion with big business.

Agent 99 said...

I've seen this number pop up here a few times...that 5 to 10% of people get it. That's the same number that my friends and I came up with when we'd discuss the number of, uh, co-workers who were competent. Actually, 10% was the high end...it always seemed like there were actually only 5% who you could always REALLY count on. The rest...dead wood. I'm only guessing, but my estimation of the HPers is MUCH higher than what I'm used to.

Anonymous said...

It is perfectly fine if the U.S.A. decides to switch the rules of a contract because the mortgage holders are far away in another country and also the mortgages were sliced and diced and thus it is very hard to determine who owns what. Also, the U.S. is the world's largest economy so the rest of the world needs us more than vice versa. We are the leader in technology, education, culture, entertainment, sports, medicine, democratic values, etc....

Out at the peak said...

"America is about freedom and people should be free of loans regardless of contracts. The mortgage holders are tyrants, and we will not take this aggression any more!"
-Stupid People

Anonymous said...

To brighten your day, here's the Bush/China Stimulus Check Payment Schedule, so you know when to expect your check:

http://tinyurl.com/2wpu6g

Buying a MacBook Pro for my spouse's b-day with it. About you?

Anonymous said...

Hey, don't forget to take the "risk premium" off the interest rate equation. Who needs risk premium when when the gov bails everyone out.

Lady Di said...

Love him.

Anonymous said...

I have become permanent resident in this country for years, but never interested in becoming a citizen. I only started reconsidering it after I heard about Ron Paul. But for the reason you can rightfully guess, I shelfed the thought again.

I love the US constitution, and that's why I love Ron Paul. But this country has been destroyed by the greedy monkeys on the hill.

I really feel sorry for those who are stuck to be Americans.

I actually heard about Ron Paul on this web site. So a big THANK YOU, Keith.

Anonymous said...

It is perfectly fine if the U.S.A. decides to switch the rules of a contract because the mortgage holders are far away in another country and also the mortgages were sliced and diced and thus it is very hard to determine who owns what. Also, the U.S. is the world's largest economy so the rest of the world needs us more than vice versa. We are the leader in technology, education, culture, entertainment, sports, medicine, democratic values, etc....

Holy Jesus! Where do morons like you come from?! Sometimes I wonder whether moronic comments like yours are just sarcasm.

It's very simple. Break a contract and you lose trust. Who is going to have faith in doing business and loaning money to American's and holding US dollars when the currency is being destroyed and agreements broken for the benefit of America?

WAKE THE F*CK UP!! THIS IS NOT ROCKET SCIENCE DUMBASS!!!

Glenna said...

Wait a minute, we've bailed out everyone else; Banks, investment companies, home builders, airlines (thrown for extra-good measure) and the list goes on. All the homedebtor is hoping for is a simple modification to their mortgage. Keith. please keep things in context with the whole picture. None are entitled to bailouts (homeowner or corporation) but if I had to vote, I would root for the little guy to get a measley loan modification (who will still pay his principal plus a reduced but still massive amounts of interest) vs. the giant corporation (who is getting free money or tax breaks with no pay back at all). Reality check Keith, reality check!

Anonymous said...

"You know, if i think about all the people i know and work with, there are probably only 5-10% who really get it. i know a lot of smart people but only a small percentage really "get it"."

Anonymus, The problem is that no matter what our philosophy is, we all think we are the ones who "really get it". We all also share the idea that only 5 or 10 % of "us" "really get it".

www.votehillbilly.com

Anonymous said...

"You'd much prefer a slick talking dick like a Bill Clinton or an Obama that can deliver a slick speech while they rob you through taxation and defy the Constitution. "

I can see Bill Clinton as a "slick talking dick". First, his dick really made him infamous, second, he is being a royal dick to his wife yet AGAIN, (with friends like him she doesn't need enemies), etc. But Obama is not in the same league. I wonder who in the world would see them as such.

tater said...

WELL SAID, RON PAUL!

on a side note: quote: "Both sides are pushing for what amounts to a tax subsidized contract rescission/revision."

Good points, "knute rife", I agree with you. That is indeed the problem. However, I say that we make BOTH sides take their medicine, with no sugar added to kill the bad taste. I say that we stick to the simple LEGAL foundation of the contract.

The homeowner that cannot afford the house should get their asses out of the house. Why should they be allowed to stay in a home that they cannot afford? Why should the federal government step in to help this delinquent group. They should get no special privilege for being FINANCIALLY IGNORANT. Their credit will be in the tank where it should be, and they will have to deal with the consequences of trying to start a new life without their McMansions (in some cases). In most cases, it's back to renting. Well, welcome to the REAL world, Mr. Deadbeat Homeowner, where you are held accountable for your financial decisions. The contract says that if you can't make the payments, then GET YOUR ASS OUT, AND HIT THE ROAD, JACK! (paraphrased, of course).

And, now that the bank is sucking wind on these empty houses, they're looking for a free way out, too. Well, I say don't give 'em one. The contract says that the bank takes possession of the house after the foreclosure process, then the bank should accept its responsibility and learn to enjoy the jingle mail. And, if they go out of business, then welcome to the REAL world Mr. Banker, where bankers/banks are held accountable for their financial decisions.

Would someone show me where it is located in the Constitution that banks, Wall Street, the mega-corp homebuilders and deadbeat housing gamblers are to be protected from failure? Because, Bushco (including Helicopter Benny), Pelosi, Franks and all the other politicians sure seem to think that there is a constitutional protection for this group. Absolutely sickening

BTW, I was planning on slamming the realtors for their part in this mess, too. But, what the heck? I'll have plenty of opportunities for that in my next posts.

Anonymous said...

"...It's so vague now—who owns these mortgages—they figure..."

That's not all that's vague. What more is vague is if the contract is not based on the value of substance, but pure bank credit created by stroke of banker's pen, can the contract be said to be valid in the first place, or void? If it was void all along or from the beginning, is the act of changing it a crime, or a nullity? It is interesting to watch people upset because of changing the terms of what might be a void contract because they believe the money is real.

The answer was easy when loans were based on gold and silver and banks were money brokers.

Contracts were really doomed in 1862 with the legal tender decisions that disabled parties to contracts from demanding specie, they had to accept gold and silver certificates instead. 146 years later, people starting to notice a problem with contracts. LMAO!

Anonymous said...

I love Ron Paul, but I think most libertarians would agree that contracts obtained by fraud are not valid contracts.

Anonymous said...

To bad Rod does come off weak looking!

Anonymous said...

To brighten your day, here's the Bush/China Stimulus Check Payment Schedule, so you know when to expect your check:

http://tinyurl.com/2wpu6g

Buying a MacBook Pro for my spouse's b-day with it. About you?
--------------------------

apparently i am helping buy your wife a mac because I am not going to get a stimulus check. not even a reduced one.

Anonymous said...

To brighten your day, here's the Bush/China Stimulus Check Payment Schedule, so you know when to expect your check:

http://tinyurl.com/2wpu6g

Buying a MacBook Pro for my spouse's b-day with it. About you?
--------------------------------

well, i went through the irs calculator and here is what it spit out:




You do not qualify for an economic stimulus payment

According to law, the economic stimulus payment amount that you would otherwise be entitled to receive is reduced by 5% of the amount that your Tax Year 2007 Adjusted Gross Income exceeds $150,000. You would have been eligible for an economic stimulus payment of $1800, but your AGI exceeds $150,000 by enough to reduce that amount to zero.

However, if your situation changes during 2008, you may be able to claim an economic stimulus credit on your Tax Year 2008 return.

Anonymous said...

It's really sad, if you look at your history, all the statements that Ron Paul has said about our economy and how the Fed is handling this situation and about returning to a gold standard... He would have been elected president 50 or 60 years ago... But the Fed has ingrained in our heads that gold is bad, and fiat money is the best solution... The Founding Fathers would have put Bernanke to death for his handling of our countries money... Now, the media has branded Ron Paul as a nut job, when it's the actual reverse... any and all that believe in the dollar, as opposed to gold or silver, would have been laughed at 60 years ago... My how the sheeple have multiplied...