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House TARP Over-sight committee new bailout ? - 2/4/2011 8:52:26 AM

MrRodgers

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As we type the USHOR's TARP committee is conducting hearings on ready for this...Commercial mortgage foreclosures ?

Why ? The limited govt. small govt, fiscal [sic] conservatives should be raising holy hell.

Why are they as in the great new repub majority takes hold...conducting hearings on the upcoming foreclosures in the commercial real estate market ? You know, I know, God knows, that these charlatans are in no way concerned about the economy or the deficit or jobs.

They have revealed their capitalist bone fides...question..."Do we bail out commerial real estate mortgages ?"

This is more clear evidence and in fact more proof as to the REAL priorities of the repubs...let's make sure we are prepared to bailout commercial real estate investors we wouldn't want them to suffer like the other say 295 million others out here. We tax payers must FEEL THEIR PAIN so let's borrow another trillion.

Understand now, not for jobs, not for you, not for any other reason than to what ? To preserve their influence and power to act for the people the repubs really work for...capitalist investors, in this case...commercial real estate investors.

Anybody who expects anything to substantially change simply because we have a repub house...is dreaming.

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RE: House TARP Over-sight committee new bailout ? - 2/4/2011 8:56:37 AM

Elisabella

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If capitalism isn't working gosh darn it we'll make it work.

Sounds a lot like the USSR and socialism...right before the superpower imploded.

(in reply to MrRodgers)

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RE: House TARP Over-sight committee new bailout ? - 2/4/2011 9:00:04 AM

chubbysubbyguy

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Does it matter if their own agenda while possibly different from Joe Citizen benefits the people? Commercial properties start going under and standing vacant then that means jobs will be lost, revenue will be lost for the communities these properties are in, it goes on and on. What's good for the goose is good for the gander.

(in reply to MrRodgers)

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RE: House TARP Over-sight committee new bailout ? - 2/4/2011 10:00:36 AM

Musicmystery

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quote:

Commercial properties start going under and standing vacant then that means jobs will be lost

If commercial properties go under to the tune of the business closing, then it wasn't a viable business, real estate notwithstanding.

A business might well abandon a property merely because it's worth less than the mortgage, and move on, loaded with cash.

Maybe to buy that cheap abandoned building across the street.

< Message edited by Musicmystery -- 2/4/2011 10:01:21 AM >

(in reply to chubbysubbyguy)

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RE: House TARP Over-sight committee new bailout ? - 2/4/2011 11:28:00 AM

MrRodgers

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quote:

ORIGINAL: chubbysubbyguy

Does it matter if their own agenda while possibly different from Joe Citizen benefits the people? Commercial properties start going under and standing vacant then that means jobs will be lost, revenue will be lost for the communities these properties are in, it goes on and on. What's good for the goose is good for the gander.

Yes, it matters. Let them go into foreclosure just like millions of homes did. All foreclosure means is the same as when it happens to households...time to relocate and thus has nothing to do with jobs. In fact create demand for office movers. Even if it did, it is a decision made by the marketplace such as it is and otherwise...too fuck'n bad.

We surely do not need yet another bailout for the rich real estate investors right on the heels of a $trillion for wall street et al.

(in reply to chubbysubbyguy)

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RE: House TARP Over-sight committee new bailout ? - 2/4/2011 11:46:53 AM

MrRodgers

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quote:

ORIGINAL: Musicmystery

quote:

Commercial properties start going under and standing vacant then that means jobs will be lost

If commercial properties go under to the tune of the business closing, then it wasn't a viable business, real estate notwithstanding.

A business might well abandon a property merely because it's worth less than the mortgage, and move on, loaded with cash.

Maybe to buy that cheap abandoned building across the street.

I won't write a book here but I have been in comm. real estate sales off and on (more off lately) for 20 years. And the whole problem, well much of the problem beyond greed and avarice inspiring the purchase of very, very favorable capital gains tax status from our plutocracy...

...is these pieces of commercial property are all separate little LLC's (Limited LIABILITY Company) and most of the money (as much as possible) invested was of course...borrowed. That is the capitalist way...always, always risk other peoples' money.

So when a country such as ours with a culture of money and profit, you ALWAYS borrow what you can to make as much as you can risking others' money. Then get a 15% tax rate because you risked the most important thing in life...your [sic] money (in fact somebody elses money) YOU get a tax code incentive and in a so-called free market that isn't supposed to need any other incentives.

Isn't life beautiful ? You rich yet ?

In fact for a very reasonable fee (many, many $1000's) I will tell you all...all about how we can make some real fuck'n money and pay NO, that's right kinkroids...NO taxes at all...state or federal income tax.

(in reply to Musicmystery)

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RE: House TARP Over-sight committee new bailout ? - 2/4/2011 11:50:02 AM

Musicmystery

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