Thursday, February 16, 2012

@SenatorBurr - Why are you allowing RICH people to walk away from their mortgages?

This article is REALLY pissing me off this morning.   Rich people are walking away from their mortgages and sticking the bank with the losses.   Are these people broke?  Nope.  Can they still afford to pay their mortgages?  Yep.   They walk away because they live in states where laws prohibit the banks from going after anything beyond the home being mortgaged.   Why does this really suck for the rest of America?   It sucks because these banks do business across America.  When they take huge losses in states like California,  their profits suffer.  So, they wind up charging every American more to re-coop the losses they suffer from wealthy people walking away in just a small number of states.

Senator Burr ... get off your lazy ass.  Get a federal law in place that prevents this crap from happening.   Oh,  I forgot,  you're too damn busy touring Ghana to give a shit about what's wrong in America.

North Carolina deserves better than our worthless Republican Senator Richard Burr.

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