This is a quote from CNN.com:
"Obama foreclosure fix is open for business
The Obama administration today released details of $75 billion home loan modification and refinancing programs. Borrowers can start contacting loan servicers. The multipronged fix calls for companies to help struggling borrowers by modifying loans so monthly payments are no more than 31 percent of monthly gross income."
30% has always been the banks' golden rule. It has been proven by fundamental economics (dare we call them mathematics) for decades on top of decades. Predatory lending anyone? Some might say the borrowers should have been more aware/educated of what they were getting themselves into. What do I say? Get fucking real. Janitors, K-Mart clerks, and residential plumbers have been getting duped into $400,000 mortgages. They do not need to know better. That is what society is for, and society has failed them. The fucking United States of America's political elections are designed around the fact that we the people are in fact dumb, and need a higher intelligence to make our decisions for us. Guess what Martha Stewart? We do not like it when you cheat us. And that is why those of us who like to keep it real kick way up here in here in BTV far away from all you ruthless fucks.
Burn in hell Wall street. I know plenty of Mexicans that are far better thieves than you but daddy forgot to give them the tools to fleece an entire nation. Oh and by the way, stay the fuck away. Your hipster brethren have already stunk up my hood. I do not need your homeless broke used-to-be-mack-daddy stupid fucking ass trying to cop some of this golden ass shit. Ya hearme?
