Friday, June 25, 2010
They Keep Stealing - Why Keep Paying?
Normally, this blog would cover an online marketing subject such as SEO, SEM, Social Media, etc., but I have been swamped lately with work, projects, and meetings. In any case, check out this great article by Dylan Ratigan over at the Huff Post regarding the underwater mortgages and the Banks. I'm a big fan of Dylans, going back to his time at CNBC. I should be back blogging soon! Excerpt below:
"Well, it is becoming time to take matters into your own hands... I suggest that you call your lender and tell them if they don't lower you mortgage by at least 20%, you are walking away. And if they don't agree, you need to consider walking away.
That is because you probably are a good person. But your mortgage is a business deal, and it is not immoral to walk away from a business deal unless you went in to the deal with the intention of defaulting.” Enough said.
Posted by Jack Peterson at 11:27 AM
Labels: Bailout Bonuses Ceo Clawbacks Durbin Financial Reform Lobby Ninja Loans Secretive Bailouts Subprime Borrowers Wall Street Bonuses Politics News