• Quick note - the problem with Youtube videos not embedding on the forum appears to have been fixed, thanks to ZiprHead. If you do still see problems let me know.

I Hate You America

gumboot

lorcutus.tolere
gumboot
Joined
Jun 18, 2006
Messages
25,327
Dear Middle America,

Your greedy and irresponsible acquisition of home loans you cannot afford, your insistence on living outside your means, and your support of an unjustified and costly war has caused your economy to stutter on the brink of collapse.

But know, that in your selfishness and your greed, in your support of global conquest by the American corporations that provide you your cheap and tacky material belongings, you have dragged the rest of the world down with you.

As of tomorrow I abandon my brief blossoming career, my dream of 11 years, because your recession has pushed the cost of living here beyond the reach of what I can achieve.

Tomorrow I begin looking for a low-wage job I will almost certainly despise, because I have to.

I hate you, America.

Sincerely,
A foreigner.

***

Comments?
 
But never mind the people that gave loans to middle America knowing that there is a good chance they may never pay back.
 
While I think the OP is overboard, I have had some interesting conversations with my wife about this. We have worked hard to get down to zero debt (except for the house mortgage), don't have credit cards, have an emergency fund in the bank, live within our means- no cable for 5 years, no internet at home yet, cars we pay cash for and shop at Goodwill. I'm not playing a sympathy card, I just get pissed off that some folks bought too much house. Whether from fraudulent/dishonest bankers/loan agents or just stupidity... if you can't afford it, don't buy it.

Thanks for letting me share!
 
Then it was "unfair" to require people to pay on time...

Then it was "unfair" to foreclose for non-payment...

Would have been much easier just to not loan people money who couldn't really afford to pay it back...but we had to be "fair".
 
LTC8K6 said:
IIRC, the banks were basically forced to make such loans.

It was "unfair" not to make such loans...
Click to expand...

I keep hearing that, perhaps I will now actually see if that's true.

That being said, people didn't have to take the loans... that's my point.
 
To be fair, none of it would have been possible without what This American Life called "The giant pool of money"

Non-US investors, largely governments, were buying up these strange mortgage backed economic products out of their greed to get a better return with supposedly less risk than other more traditional investments. Without someone to sell these bundled junk mortgages to, there wouldn't have been nearly such an insane push for lenders to create them.

So yes, the greed and stupidity of US homeowners and lenders were central, but we wouldn't be where we are today without greed and stupidity from around the world.
 
Last edited:
LTC8K6 said:
IIRC, the banks were basically forced to make such loans.

It was "unfair" not to make such loans...
Click to expand...

I'd love to see some documentation of this.
In what year did they pass the law that said that the banks had to accept less than, say, 20% down, and then ignore all their own previous guidelines as to level of income/assets versus size of debt?
 
Dear Angry in Auckland,

I've stayed in my crappy little apartment because the rent is very cheap. I purchased my computer in 2000 and my car in 2001. I haven't carried credit card debt for more than 50-60 days since Feb 2000 including the $6000 I spent on TAA2. I drink the cheapest beer I can stand and go out to eat a maximum of once a month. I extravigantly spent $300 on two new pairs or work shoes to replace ones that almost were falling apart after 4 years. I've been pouring as much money into my savings as possible.

And I feel like an idiot. If I'd known things were going to go like they were I would have been living it up, spending like there's no tomorrow and running up my debts like crazy. Why? Because unlike the old fable, I think both the grasshopper and the ant are going to suffer and at least my fellow Americans who were irresponsible financially had a grand old time with other people's money over the last 10 years.

I feel your pain.

US in the U.S.

Foolmewunz said:
Dear Gumboot,

But we still like you.


Sincerely,

Middle America
Click to expand...

Speak for yourself Asian! :p
 
Prior to today, gumboot thanked middle America every day because middle America was responsible for gumboot's employment and income entirely.
 
I'm sorry you got laid off, Gummy (if you did). I, however, blame the greedy guys at the top.
 
You must log in or register to reply here.

Back
Top Bottom