This was the header:
Obama tells Sun: Nevada’s housing pain is on my mind
WASHINGTON — President Barack Obama said Wednesday he is acutely aware of Nevada’s foreclosure crisis and is evaluating whether more can be done to help homeowners, including by redirecting unused bank bailout money for homeowner relief.
Obama warned that using a portion of the $70 billion returned from the banks may require help from Congress.
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Now, I am here to tell you the loonies came howling out the door on comment one. Pages of bizarro comments having nothing to do with the article.
The entire conspiracy to forge the above bith certificate came up-yada yada yada
This is what really scares me-
this many crazies-living in one city-
here are the comments-enjoy!
Barry Soetoro is a a liar and thief of Command!
Harry Reid knows it...
Where is the Birth Certificate?
Obama has steadfastly refused to release evidence of that Hawaiian birth -- a valid, long-form birth certificate that would show details of the birth, such as the hospital and the attending physician. Because the short-form "certification of live birth" he released to select news organization was at least sometimes issued for foreign births on the basis of an affidavit by one parent, it proves nothing as far as constitutional eligibility -- and, in fact, raises suspicions about a foreign birth.
http://www.wnd.com/index.php?fa=PAGE.vie...
1. By biodyzl
6/25/09 at 5:08 a.m.
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Obama's plan is to issue O Bonds to help. For details, visit the O Bonds page on TheNothingStore.com
2. By JPM42
6/25/09 at 5:57 a.m.
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Obama tells Sun? How misleading as it suggests the Sun had a one on one interview with Obama...which judging from this vague article/editorial is not the case.
Where does Obama specifically talk about Nevada? What did he say he was going to do specifically?
"president would not commit to any changes."
"but not ready to commit to its solution."
This is leadership? This is no better than the previous 8 years of Bush! Change? Puhleeze
All I see are glittering generalities from Obama and no specifics.. not unlike the rest of his administration to date.
"It could also not say how many foreclosures have been prevented since the Obama housing plan was launched."
Zero.. none.. Period.
3. By JahReb
6/25/09 at 6:01 a.m.
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I see the little children woke up early this morning to comment. How's that birth certificate thingy coming along, anyways? LOL. Love the O Bonds thing, too. By the way, recess was pushed back to after 4th period today.
You neocon clowns absolutely crack me up. Stay classy!
4. By Thumper
6/25/09 at 6:12 a.m.
(Removed by the site staff)
5. By markp
6/25/09 at 6:17 a.m.
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the banks need to release all the housing stock they are holding, let it go at low prices, only then the market will start to recover, the houseprices currently are still far from affordable... and any bank holding stock are making the situation worse empty houses rot slowly and pulldown an area..
6. By gmag39
6/25/09 at 6:30 a.m.
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Jahreb; Yes, a lot of tin-foil going to waste this morning. Man, it must suck to wake up every day and think "The President's an alien! I must act now!"
7. By annienonymouse
6/25/09 at 6:46 a.m.
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Ooooo, look, the non-regular posters are here.
8. By gotjobs
6/25/09 at 7:07 a.m.
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TARP (troubled asset reform program) remember that? The whole thing was about saving forclosures. Thanks to our government we saved banks (crooks) wall street and GM. Now Obama says we might have some change leftover for the small housing problem.
9. By stevem
6/25/09 at 8:08 a.m.
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obama's plan = tax all the evil "rich" people to the point they won't be able to buy homes then take that tax money and give it to the "disadvantaged" so they CAN buy a house.
that will raise home values.
i want to barf every time i see a photo of our precedent obama.
10. By neiman1
6/25/09 at 8:25 a.m.
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The same guy is losing sleep over the budget deficits? Now he found some FREE money in the Treasury Slush Fund. He will spend like no tomorrow to buy votes for himself and his attempt to save democrats like harry Reid. No way to run a business or a government.
11. By Narcissa
6/25/09 at 8:52 a.m.
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Yes, I also see that any question or recitation of the facts regarding the Kenyan's birth certificate are met not with counterrpoints about the issue itself, but subjective comments about the posters.
Way to try and deflect from the issue at hand, but here's a newsflash for you; namecalling isn't going to change the facts and it certainly isn't going to make the question of Hussein's birth certificate go away.
This reminds me of the responses by Edwards and his staff to allegations involving him and the baby mamma; as I recall, they consistently used words such as
"garbage" and other dismissive terms, but such dismissiveness never really addressed the initial
question.
Why HAS the Marxist in Chief spent over one million dollars with three top drawer law firms,
hindering efforts by those who have the temerity to want to see the birth certificate of this man who
is in occupation of the White House?
And, why won't he reveal his health records and academic record from college and law school,
including his applications to these institutions? No other politician seeking such high office has
been so secretive about revealing such basic information and NOR should they be allowed to be.
Why is he so resistamt? What is this man hiding and why is he going to such great lengths to prevent such basic information from being disclosed to the public?
Of course, the lamestream media refuses to address these questions, but people have a right to ask these questions and get an proper answer-not one that dismisses them in a condescending, elitist manner.
In the meantime, I'm still waiting for Hussein to show us his birth certificate and until I see it, I have no choice but to believe that he is hiding information, the discovery of which could result in his arrogant behind getting kicked to the proverbial curb.
12. By AngryReader
6/25/09 at 9:14 a.m.
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Birth certificate clowns (ie you 'birthers') need to learn to play. You lost, Obama won, get over it.
Maybe you should concern yourselves with the death spiral the GOP is in and try to encourage some fidelity amongst the GOP leadership. If they can't keep their pants zipped up then they should at least keep their mouths shut about how 'righteous' they are. The voters will forgive infidelity, but nobody likes a hypocrite.
Back to the topic.... If Obama is this clueless about how bad the housing situation is in southern Nevada, we all might as well all throw in the towel.
When your second mortage lender asks for double digit interest to convert to a fixed rate, and your first mortgage holder is so messed up you cannot get the same person on the phone from day to day there is only one way out.
Let them eat dirt!
And talk to a BK attorney, because you are going to want to get that 1099 tax form the lender's will attempt to punish you with legally discharged so you won't get screwed by IRS after the fact.
13. By mred
6/25/09 at 9:24 a.m.
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The birth Certificate has been on the web for about a year now.
If you don't like the Government, don't participate in the mortgage program and stop cashing your social security and unemployment checks. Didn't Irwin Shiff try to claim he was mentally ill to try to beat his tax evasion charges? Please check your self in.
14. By VegasEngineer
6/25/09 at 9:41 a.m.
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Trying to buy Vegas out of this housing situation would cost trillions, not tens of billions. It also wouldn't fix the problem that is prolonging the crisis, which is increasing unemployment.
Imagine if Bush and Obama didn't bail out the banks and credit was still frozen. Unemployment would be much much higher if businesses could not get credit. Housing prices would be significantly lower if mortgages were unavailable and the only people who could buy houses were people who could pay cash.
TARP is a fund to be loaned, not spent. It was established to loan money to banks that couldn't get a loan anywhere else. Banks that survive are required to pay the funds back with interest. It has been a few months since I read the bill, but I think the rate was 6%.
When TARP is dismantled, the money will be used to buy back the treasury bills sold to finance the fund, that way we don't keep those hundreds of billions as national debt.
Using the federal govt's credit to prevent the nation's complete financial collapse was the smart and responsible thing to do. Bush and Obama obviously BOTH thought so.
15. By Narcissa
6/25/09 at 10:11 a.m.
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Thanks for proving my point, Angry Reade. Your lame response of, "we won, you lost" doesn't address Hussein's continued refusal to provide his birth certificate and school applications and records.
16. By ynotjohn
6/25/09 at 10:45 a.m.
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This "plan" will just reward people you used their home as a savings account and how want to be rewarded or will walk away. These people did not do "all of the right things". They re-financed or 2nd mortgaged during the good times or just bought and now are underwater. What happened to all of that money and the cooresponding tax savings if they re-financed or if they just bought the idea to stay in the home for 10 years or more as our current real estate market is just making this paper losses?
Instead, eliminate mortgage deduction and capital gains tax savings when selling home on anyone who forecloses.
We need some "Tough Love" to get homeowners/investors to do the right thing and only buy homes for the long term along with paying a mortgage instead of the "flipper" profit taker mentality.
17. By crackedbeak
6/25/09 at 10:50 a.m.
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Let's face it people, every four years we elect a lying, no good, rotten, not my guy, Human Being to an office that nobody in their right mind would want. We then expect them to solve all the problems left over from the last idiot and all the new ones dumped on them by circumstance. And do it right now, we want it done yesterday, what are you waiting for? After all, we believed in your "elect me" promises. Chill. If any of us had the answers we would have the job. There are no answers, just process. In four years we will elect another lying, no good, rotten, not my guy, Human Being to an office that nobody in their right mind would want. Unless the meteor hits, then the cockroaches will have to.
18. By AngryReader
6/25/09 at 11:12 a.m.
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Before I go on topic, let me just say to the 'birthers', GET OVER IT! You LOST! When Bush and his brother stole Florida to steal the Whitehouse in 2000, we sucked it up and watched Karl rove, Dick Cheney and the rest of that amoral criminal gang systematically destroy our country. And we suffered through it until we could vote all the Republicans out of office. And the way things are going scandal wise for the GOP, by 2010 your choices for a candidate will be the drug addicted fat man, that idiot Gingrich, that vacous airhead from Alaska. Good luck with that.
Ynotjohn,
The flippers and investors only existed because the greedy bankers were enabling them. That flooded the market with cash that did not belong and artificailly drove up prices.
Many innocent bystanders paid far too much for a home that was overpriced due to artifical demand. These same greedy bankers funneled these people into ARM's that paid the mortgage lender triple the profit of a 30 yr fixed with about half the effort.
Then the greedy bankers sold these ARM's to greedy Wall Street weasels to package and resell to the super rich as a hedge against the coming hyper-inflation. (Oh and it's coming... bigger and harder than it did after Nixon took us off the gold standard).
Then all the greedy bankers and wall street weasels ran off with billions while the entire Ponzi scheme collapsed.
They are all unemployed, but have billions stashed away, except for the few that got prosecuted. In the meantime, purchaser's of a single family residence in Clark County from 2004-2006 got shafted and are left holding the bag.
So now you have a choice. You can be a victimized bagholder, or you can tell the greedy scumbags that created this mess to "EAT DIRT".
Let's the ARM backed securities all go into default. Let the rich that wanted to prey on the American middle class to insure they could protect their zillions against inflation "EAT SOME DIRT".
Rental rates in Las Vegas valley for a 4 bedroom, 2.5 bath home are around $1200 a month. How much is your first and second mortgage running?
Foreclosure timeframes are running around 10 months. That's a lot of time to build up a reserve fund, find a rental, pay off all your other debt.
Then discharge the tax liability in a Chapter 13 plan and start over.
Or be a bagholder, work like a slave until you die, and help those super rich ARM backed security investors pay off their Jaguars and luxury yachts.
19. By DessertSun
6/25/09 at 11:25 a.m.
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I truly believe that the American people have no clue what this president is doing to our Nation. A president that speaks of transparency and yet hides information and rushes bills to votes before they can even be read/vetted is NOT transparent. Obama is extremely deceptive. Every move he has made indicates that he is a Socialist and pushes our nation closer to Socialism. The Democrats and their leaders Pelosi and Reid are the most irresponsible Congress I have seen in my lifetime. Obama is worried about Nevada's housing crisis, OMG the last thing we need is another Obama fix. I think we have learned early in his presidency his idea of aid is another government take over of another industry. Why, because that's he answer for EVERYTHING! This is not leadership, it's Socialism.
20. By ynotjohn
6/25/09 at 11:54 a.m.
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AngryReader:
It is not the ARMs but the "homeowners/investors" that took out 2nd mortgages or refinanced and took money out to pay for a lifestyle they could not afford. The mortgage brokers and banks were the "pushers" of this drug (Debt).
How these users who lived beyound their means wants someone else to pay. Sounds like these homeowners are addicts that will go back to becoming highly leveraged and be back to the same place as before wanting someone to save them again.
21. By ynotjohn
6/25/09 at 12:09 p.m.
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AngryReader:
For the small percentage that are ARMs that are impacted (note that more reports are coming out about Fixed rate mortgages that are going into foreclosure so your greedy bankers/class warefare arguement is not valid where my arguement is valid), eliminate those mortgages and make them renters. They should not get a free ride to make money on selling for a profit that real estate.
For Angry Reader:
What is so bad about being a renter? The US government does not owe everyone the right to own a home. Your class warfare arguement of taxing (STEALING) from one group of taxpayers and give the money to another class of privlaged people is either Racist or Sexist.
I have been a renter all of my life because either financial or employment situation warrented the adult decision to rent instead of the child-like attitude of wanting it now. This has cost me more in taxes for me and my family. Why should I support other individuals unruly lifestyles?
22. By SgtRock
6/25/09 at 12:23 p.m.
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He probably "feels our pain", too.
What a crock of crap!!!!
23. By ynotjohn
6/25/09 at 12:32 p.m.
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Angry Reader:
A short sale property I looked at was selling for $199,000 but was orignally purchased in 2001 for $179,000. Tell me how a property purchased 8 years ago with payments being made by a homeowner is doing the "right" thing? Where did the money go? It was not the banks but the Homeowner who stole the money.
The next wave of foreclosures will be a result of purely greedy Homeowners. This next scam is underwater homeowners buying another home and then walking away from the orginal letting it go to foreclosure. This is the type of individual (my definition is a thief) that Angry Reader wants to help. To stop this bad behavior, the government must eliminate interest deduction and capital gains profit tax savings from anyone who forecloses.
If you bought a home stay and pay the mortgage and you can reap the rewards. If you need to move earlier then you can pay the difference in lost equity (which could be less than renting). Anything else is stealing from society.
24. By shrek
6/25/09 at 12:52 p.m.
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Angry Reader has stated the facts as they are without drama & bull! Amen to 'AngryReader' comments. PS<>
25. By ynotjohn
6/25/09 at 1 p.m.
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SHREK:
I guess you are not reading my facts and instead beleive the distortion of facts that Angry Reader is talking about.
Where is all of the money these underwater Homeowners took out for their refinancing or second mortgages? If you bought in 2004-2006, did you not plan on living in your home for a long time or were you just trying to 'flip' it for a quick profit? If you are staying for awhile then all you have is paper losses. If your took on another mortgage or took additional money out, you were living beyound your means and need to pay the price.
26. By mrxroc8
6/25/09 at 1:11 p.m.
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It takes guts and fortitude to stand up for your beliefs in the face of 'Popular Opinion'. I have taken the time and effort to research this issue thoroughly and penned a published Internet piece with my results.
http://www.fourwinds10.com/siterun_data/...
Please let us know about your research and conclusions on this issue before you decide to denounce the facts.
Would you agree... 'An honest man has nothing to hide'?
"An honest man in politics shines more than he would elsewhere." Mark Twain - A Tramp Abroad
"If you Don't care that Your President is not a natural born Citizen and in Violation of the Constitution, then Delete this and go (back) into your cocoon.."
AMERICANS DESERVE ANSWERS by SK
http://www.fourwinds10.com/siterun_data/...
I certainly do not wish for my children and family to live in a country that has a 'Get over it!' Legal System!!!
27. By solar
6/25/09 at 1:58 p.m.
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So, leave the country?
28. By ksand99
6/25/09 at 2:30 p.m.
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"I have taken the time and effort to research this issue thoroughly and penned a published Internet piece with my results."
ZOMG! Published on the INTERNET? It must be true!
http://www.snopes.com/politics/obama/bir...
http://msgboard.snopes.com/politics/grap...
http://www.starbulletin.com/news/breakin...
29. By cnev
6/25/09 at 2:46 p.m.
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What is going on?
Half the comments have nothing to do with the article.
This article is about housing!
The comments sound like a bastion of loonies
-is it a full moon?
This is bizarro!