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June 2, 2010

Item #2: New York (Waste of) Times Cheers on Deadbeats

Posted by Gregory of Yardale at June 2, 2010 4:44 AM

People are skipping out on their mortgages, simply not paying them. The New York Waste of Times and MSDNC are okay with this, because those greedy capitalist bastard bankers have it coming to them!

A growing number of the people whose homes are in foreclosure are refusing to slink away in shame. They are fashioning a sort of homemade mortgage modification, one that brings their payments all the way down to zero. They use the money they save to get back on their feet or just get by.
This type of modification does not beg for a lender's permission but is delivered as an ultimatum: Force me out if you can. Any moral qualms are overshadowed by a conviction that the banks created the crisis by snookering homeowners with loans that got them in over their heads.

The message is clear. If you're a deadbeat who blows off your obligations and blame the idiots who loaned you the money in the first place, you're a financially savvy rebel with a cause. If you work hard, pay your bills, and take responsibility for your own debts... you're a sucker.