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Posts Tagged ‘This’

besides being really close to the truth what is wrong with this little story?

24 Jul

A Parable

Dinner with Obama, a parable

Once upon a time, I was invited to the White House for a private dinner with the President. I am a respected businessman, with a factory that produces memory chips for computers and portable electronics. There was some talk that my industry was being scrutinized by the administration, but I paid it no mind. I live in a free country. There’s nothing that the government can do to me if I’ve broken no laws. My wealth was earned honestly, and an invitation to dinner with an American President is an honor.

I checked my coat, was greeted by the Chief of Staff, and joined the President in a yellow dining room. We sat across from each other at a table draped in white linen. The Great Seal was embossed on the china. Uniformed staff served our dinner.

The meal was served, and I was startled when my waiter suddenly reached out, plucked a dinner roll off my plate, and began nibbling it as he walked back to the kitchen.

“Sorry about that,” said the President. “Andrew is very hungry.”

“I don’t appreciate…” I began, but as I looked into the calm brown eyes across from me, I felt immediately guilty and petty. It was just a dinner roll. “Of course,” I concluded, and reached for my glass. Before I could, however, another waiter reached forward, took the glass away and swallowed the wine in a single gulp.

“And his brother Eric is very thirsty.” said the President.

I didn’t say anything. The President is testing my compassion, I thought. I will play along. I don’t want to seem unkind.

My plate was whisked away before I had tasted a bite.

“Eric’s children are also quite hungry.”

With a lurch, I crashed to the floor. My chair had been pulled out from under me. I stood, brushing myself off angrily, and watched as it was carried from the room.

“And their grandmother can’t stand for long.”

I excused myself, smiling outwardly, but inside feeling like a fool. Obviously I had been invited to the White House to be sport for some game. I reached for my coat, to find that it had been taken. I turned back to the President.

“Their grandfather doesn’t like the cold.”

I wanted to shout- that was my coat! But again, I looked at the placid smiling face of my host and decided I was being a poor sport. I spread my hands helplessly and chuckled. Then I felt my hip pocket and realized my wallet was gone. I excused myself and walked to a phone on an elegant side table. I learned shortly that my credit cards had been maxed out, my bank accounts emptied, my retirement and equity portfolios had vanished, and my wife had been thrown out of our home. Apparently, the waiters and their families were moving in. The President hadn’t moved or spoken as I learned all this, but finally I lowered the phone into its cradle and turned to face him.

“Andrew’s whole family has made bad financial decisions. They haven’t planned for retirement, and they need a house. They recently defaulted on a subprime mortgage. I told them they could have your home. They need it more than you do.”

My hands were shaking. I felt faint. I stumbled back to the table and knelt on the floor. The President cheerfully cut his meat, ate his steak and drank his wine. I lowered my eyes and stared at the small grey circles on the tablecloth that were water drops.

“By the way,” He added, “I have just signed an Executive Order nationalizing your factories. I’m firing you as head of your business. I’ll be operating the firm now for the benefit of all mankind. There’s a whole bunch of Erics and Andrews out there and they can’t come to you for jobs groveling like beggars.”

I looked up. The President dropped his spoon into the empty ramekin which had been his creme brulee. He drained the last drops of his wine. As the table was cleared, he lit a cigarette and leaned back in his chair. He stared at me. I clung to the edge of the table as if were a ledge and I were a man hanging over an abyss. I thought of the years behind me, of the life I had lived. The life I had earned with a lifetime of work, risk and struggle. Why was I punished? How had I allowed it to be taken? What game had I played and lost? I looked across the table and noticed with some surprise that there was no game board between us.

What had I done wrong?

As if answering the unspoken thought, the President suddenly cocked his head, locked his empty eyes to mine, and bared a million teeth, chuckling wryly as he folded his hands.

“You should have stopped me at the dinner roll,” he said
hey will ..copy and paste doesnt take much of my time ..it just saw it in the newspaper and figured it might be liked by others ..
and also will ..i almost wish i was living in my parents basement instead of hating the idea that i will be taxed higher so that some crack addicted hood rat will spend my money to try and stay healthy
didnt say it was word for word true but it is a baseline trickle down economy at work

 
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I applied for home equity credit thru chase. Is this a good or bad idea?

23 Jul

I need $11K for a new roof. It is going to be a lot of work up there, so I asked for $2,000 more than they bid the job in case of some wood rot or some other extra’s.
I requested a fixed rate and no closing cost, so they offered me the $11K for the loan at a fixed rate of 7.8% interest for 4 yrs. They said they would offer me an adjustable rate of $25,000 and if I need to borrow more than the $11,000 they would let me borrow and fix that rate. They also said no closing cost. What do you think? Can I find a better deal somewhere else?
I need to add, the roof is leaking water all over the place, and I have a trash can sitting next to me to catch the rain water,so this is kind of an urgent matter. Also, this is a 2 story house with an add on addition and a garage with a big tear off since I think we need to know what is under the roofing.

 
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Dinner roll email forward? Someone sent this to me but I don’t see the problem with it, can someone explain?

16 Jul

Once upon a time I was invited to the White House for a private dinner with the President. I am a respected businessman, with a factory that produces memory chips for computers and portable electronics. There was some talk that my industry was being scrutinized by the administration, but I paid it no mind. I live in a free country. There’s nothing that the government can do to me if I’ve broken no laws. My wealth was earned honestly, and an invitation to dinner with an American President is an honor.

I checked my coat, was greeted by the Chief of Staff, and joined the President in a yellow dining room. We sat across from each other at a table draped in white linen. The Great Seal was embossed on the china. Uniformed staff served our dinner.

The meal was served, and I was startled when my waiter suddenly reached out, plucked a dinner roll off my plate and began nibbling it as he walked back to the kitchen.

“Sorry about that,” said the President. “Andrew is very hungry.”

“I don’t appreciate…” I began, but as I looked into the calm brown eyes across from me,
I felt immediately guilty and petty. It was just a dinner roll. “Of course,” I concluded, and reached for my glass. Before I could, however, another waiter reached forward, took the glass away and swallowed the wine in a single gulp. “And his brother, Eric, is very thirsty.” said the President.

I didn’t say anything. The President is testing my compassion, I thought. I withheld my comments and decided to play along. I don’t want to seem unkind.

My plate was whisked away before I had tasted a bite.

“Eric’s children are also quite hungry.”

With a lurch, I crashed to the floor. My chair had been pulled out from under me.
I stood, brushing myself off angrily, and watched as it was carried from the room.

“And their grandmother can’t stand for long.”

I excused myself, smiling outwardly, but inside feeling like a fool. Obviously I had been invited to the White House to be sport for some game. I reached for20my coat, to find that it had been taken. I turned back to the President.

“Their grandfather doesn’t like the cold.”

I wanted to shout, “That was my coat!” But again, I looked at the placid smiling face of my host and decided I was being a poor sport. I spread my hands helplessly and chuckled. Then I felt my hip pocket and realized my wallet was gone. I excused myself and walked to a phone on an elegant side table. I learned shortly that my credit cards had been maxed out, my bank accounts emptied, my retirement and equity portfolios had vanished, and my wife had been thrown out of our home. Apparently, the waiters and their families were moving in. The President hadn’t moved or spoken as I learned all this, but finally I lowered the phone into its cradle and turned to face him.

“Andrew’s whole family has made bad financial decisions. They haven’t planned for retirement and they need a house. They recently defaulted on a subprime mortgage. I told them they could have your home. They need it more than you do.”

My hands were shaking. I felt faint. I stumbled back to the table and knelt on the floor.
The President cheerfully cut his meat, ate his steak , and drank his wine. I lowered my eyes and stared at the small grey circles on the tablecloth that were water drops.

“By the way,” He added, “I have just signed an Executive Order nationalizing your factories. I’m firing you as head of your business. I’ll be operating the firm now for the benefit of all mankind. There’s a whole bunch of Eric’s and Andrews out there and they can’t come to you for jobs groveling like beggars.”

I looked up. The President dropped his spoon into the empty ramekin which had been his crème Brule. He drained the last drops of his wine. As the table was cleared, he lit a cigarette and leaned back in his chair. He stared at me. I clung to the edge of the table as if were a ledge and I were a man hanging over an abyss. I thought of the years behind me, of the life I had lived. The life I had earned with a lifetime of work, risk and struggle.
Why was I punished? How had I allowed it to be taken? What game had I played and lost? I looked across the table and noticed with some surprise that there was no game board between us.

What had I done wrong?

As if answering the unspoken thought, the President suddenly cocked his head, locked his empty eyes to mine, and bared a million teeth, chuckling wryly as he folded his hands.

“You should have stopped me at the dinner roll,” he said.

WAKE UP AMERICA !!!

 
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See what you think of this email I got, is this how Dumbocrats think?

24 Jun

Dinner with Obama………..

Once upon a time I was invited to the White House for a private dinner with the President. I am a respected businessman, with a factory that produces memory chips for computers and portable electronics. There was some talk that my industry was being scrutinized by the administration, but I paid it no mind. I live in a free country. There’s nothing that the government can do to me if I’ve broken no laws. My wealth was earned honestly, and an invitation to dinner with an American President is an honor.

I checked my coat, was greeted by the Chief of Staff, and joined the President in a yellow dining room. We sat across from each other at a table draped in white linen. The Great Seal was embossed on the china. Uniformed staff served our dinner.

The meal was served, and I was startled when my waiter suddenly reached out, plucked a dinner roll off my plate, and began nibbling it as he walked back to the kitchen.

“Sorry about that,” said the President. “Andrew is very hungry.”

“I don’t appreciate…” I began, but as I looked into the calm brown eyes across from me, I felt immediately guilty and petty. It was just a dinner roll. “Of course,” I concluded, and reached for my glass. Before I could, however, another waiter reached forward, took the glass away and swallowed the wine in a single gulp.

“And his brother, Eric, is very thirsty.” said the President.

I didn’t say anything. The President is testing my compassion, I thought. I withheld my comments and decided to play along. I don’t want to seem unkind.

My plate was whisked away before I had tasted a bite.

“Eric’s children are also quite hungry.”

With a lurch, I crashed to the floor. My chair had been pulled out from under me. I stood, brushing myself off angrily, and watched as it was carried from the room.

And their grandmother can’t stand for long.”

I excused myself, smiling outwardly, but inside feeling like a fool. Obviously I had been invited to the White House to be sport for some game. I reached for my coat, to find that it had been taken. I turned back to the President.

“Their grandfather doesn’t like the cold.”

I wanted to shout, “that was my coat!” But again, I looked at the placid smiling face of my host and decided I was being a poor sport. I spread my hands helplessly and chuckled. Then I felt my hip pocket and realized my wallet was gone. I excused myself and walked to a phone on an elegant side table. I learned shortly that my credit cards had been maxed out, my bank accounts emptied, my retirement and equity portfolios had vanished, and my wife had been thrown out of our home. Apparently, the waiters and their families were moving in. The President hadn’t moved or spoken as I learned all this, but finally I lowered the phone into its cradle and turned to face him.

“Andrew’s whole family has made bad financial decisions. They haven’t planned for retirement, and they need a house. They recently defaulted on a subprime mortgage. I told them they could have your home. They need it more than you do.”

My hands were shaking. I felt faint. I stumbled back to the table and knelt on the floor. The President cheerfully cut his meat, ate his steak , and drank his wine. I lowered my eyes and stared at the small grey circles on the tablecloth that were water drops.

“By the way,” He added, “I have just signed an Executive Order nationalizing your factories. I’m firing you as head of your business. I’ll be operating the firm now for the benefit of all mankind. There’s a whole bunch of Erics and Andrews out there and they can’t come to you for jobs groveling like beggars.”

I looked up. The President dropped his spoon into the empty ramekin which had been his crème Brule. He drained the last drops of his wine. As the table was cleared, he lit a cigarette and leaned back in his chair. He stared at me. I clung to the edge of the table as if were a ledge and I were a man hanging over an abyss. I thought of the years behind me, of the life I had lived. The life I had earned with a lifetime of work, risk and struggle. Why was I punished? How had I allowed it to be taken? What game had I played and lost? I looked across the table and noticed with some surprise that there was no game board between us.

What had I done wrong?

As if answering the unspoken thought, the President suddenly cocked his head, locked his empty eyes to mine, and bared a million teeth, chuckling wryly as he folded his hands.

“You should have stopped me at the dinner roll,” he said.

WAKE UP AMERICA !!!

 
4 Comments

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I want to buy a new car by taking cash out of my home that is mortgage free. Is this the way to go or not?

15 Jun

I own my home free and clear. It’s appraised at $950,000. I want to buy a new truck and was thinking of tapping some equity-$30,000 – to pay off the car and pay the loan on the home equity loan instead. The car payment- with financing- would be around $530 a month. The home equity loan would require me to pay about $300 a month. On the surface it looks as if the home equity loan is the way to go. Just wondering if anyone else has done this and what risks/ regrets you had if any?
Forgot to mention income:$80,000 combined income with my wife. Excellent credit/ FICO SCORE 840. No outstanding debts other than 1 credit card with a $200 balance. Never had credit problems and would not have trouble making the monthly on the loan. I just would much rather pay less monthly using my equity vs. Financing through a dealership- some thing about car dealers that makes me weary. With a fixed payment on the equity loan, I would feel more at ease. I’m not one of those people that uses their house as an ATM. My old truck died and I really need another one to get around and go to work. This purchase is because of need rather than want. Just wanted to clarify. Thanks

 
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What is the best home loan rate this month & why?

14 Jun
 
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home loan modification. this is very long. pls answer only if you have knowledge about the topic. thanks?

02 Jun

My husband and I fell short on our mortgage payments back in September of 08 due to decrease in income. we made several attempts to work with the bank (countrywide) at an early stage to work with us in reducing our interest rate, (which was 7.5% fixed rate), and make our payment much more affordable. they gave us a long run for about 6 months, although we had provided all the documents they had requested. our credit was going downhill from more than 700 pts each to about 400pts. We got advice from a realtor to “short sell” the house at its current value (200k) and prevent further damages or foreclosure. We got an offer on the home right away and were excited get out and start anew, but the bank refused to take the deal. We did not know what next to do. Country Wide as bought by Bank of America in the midst of all of this. We then started to send payments we could afford, hoping that they would see that we are making efforts. The bank returned the payments because it was not the full amount plus the late charges. We just could not afford it! Anyhow, we refused to abandon our home and walk away like most people advised. We just kept the house on the market at the value houses in the area were going for, knowing that it might not be approved by the bank, and just waited for whatever was to come next. We took the house off the market and resubmitted the paperwork when Obama introduced the new help for homeowners’ bill. After waiting for another 4 months or so, we just got a loan modification approval: the original loan amount is 349,900K. Bank of America is taking this amount plus the interest fees and back payments bringing the total new amount to 381,650.68 at an interest rate of 5.5% fixed rate for 40 years. Our new mortgage payment is going to be 2,697.54 as compared to 3,175.00 that we had to pay originally. Does this sound like a deal? My concern is the house is now worth 200k we bought it for 349,900k and paid on it for a year before we started having problems. Subtracting the back payments from the original amount leaves approx 318k (or even less for the whole year we made payments). Instead they are asking us to pay the back payments plus the original loan amount of 349900k, which totals 381,650.68. I’m confused; are we paying the back payment twice? We really want the loan modification, but the new amount just seem horrendous and I’m confused. Please help me understand

 
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An individual has a $120,000 30 year mortgage at 6% fixed. This individual also has a floating rate Home Eq

30 May

An individual has a $120,000 30 year mortgage at 6% fixed. This individual also has a floating rate Home Equity line of credit for $20,000. The current rate on this loan is 8.5%. Only interest payments are required on the Home Equity line. The individual has an increase in discretionary income of $500 per month. Assuming rates will stay constant, does it make more economic sense to pay down the mortgage or the Home Equity loan first?

 
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If i filed bankruptcy this year, is there any possibility of getting a home loan or using my va home loan?

30 May

I heard that I must wait 3 years after filing bankruptcy to use my va home loan or buy a house.

 
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Is this home equity loan outrageous?

30 May

We are being offered a $20,000 bill consolidation loan from CitiBank, at 12% interest. The loan is for 20 years, with a monthly pmt. of $300. I thought that was ridiculous! If it was a $20K car, I’d probably have the same payment but for only 5 years. Twenty years?? Insane! Are all the banks this greedy?
Mystic- Don’t be so quick to judge girly. I said we were offered the loan — I didn’t say we’d go for it. Read the question next time.

 
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i have 75k home equity loaninterst rate jumped to 8.25% i like to change to fixed loan .is this smart ?

27 May
 
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I got a home loan for 4% fixed is this too high or about right?

23 May

check out http://get-a-home-loan.net I got the quote at 4% over 15 years is this good or bad?

 
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Our mortgage company offered us a fixed 7% to our Home equity loan..is this a decent rate??

21 May
 
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home equity line of credit – do you have to be working to get this?

20 May

If your home is paid for but you are currently unemployed, can you get a home equity loan or borrow money on the house?

 
3 Comments

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If I sign an interspousal grant deed in the purchase of a home, can my wife and I “reverse” this process?

19 May

My wife and I are buying a home. (in California, Santa Clara County) We are purchasing it with a stated income loan in her name only since her FICO is about 200 points higher than mine. The builder we are buying from is requiring that we sign an interspousal transefer deed since I am not on the loan or the sales contract. (Other than not seeing the “protection” this provides for the builder) I am curious if my wife and I can “reverse” this process after the close of escrow. How would we do that if we can?

 
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