Comments on: Obama admin to tax banks to make up for GM losses http://lonelyconservative.com/2010/01/obama-admin-to-tax-banks-to-make-up-for-gm-losses/ Observations from a conservative in a blue state. With a little help from my friends! Fri, 10 Feb 2012 17:00:03 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: More On Obama's Bank Tax | The Lonely Conservativehttp://lonelyconservative.com/2010/01/obama-admin-to-tax-banks-to-make-up-for-gm-losses/comment-page-1/#comment-14510 More On Obama's Bank Tax | The Lonely Conservative Fri, 15 Jan 2010 04:16:16 +0000 http://www.lonelyconservative.com/?p=14892#comment-14510 [...] bank tax that I warned you about is moronic, unless, that is, he’s as devious as some of us think he is. I won’t waste [...] [...] bank tax that I warned you about is moronic, unless, that is, he’s as devious as some of us think he is. I won’t waste [...]

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]]> By: Lonely Conservativehttp://lonelyconservative.com/2010/01/obama-admin-to-tax-banks-to-make-up-for-gm-losses/comment-page-1/#comment-14419 Lonely Conservative Wed, 13 Jan 2010 02:23:39 +0000 http://www.lonelyconservative.com/?p=14892#comment-14419 That's the one piece of the puzzle with these guys I don't get. I guess they figure sooner or later we'll all just become slaves of the state and it won't matter. That’s the one piece of the puzzle with these guys I don’t get. I guess they figure sooner or later we’ll all just become slaves of the state and it won’t matter.

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]]> By: jmb27http://lonelyconservative.com/2010/01/obama-admin-to-tax-banks-to-make-up-for-gm-losses/comment-page-1/#comment-14412 jmb27 Wed, 13 Jan 2010 00:21:18 +0000 http://www.lonelyconservative.com/?p=14892#comment-14412 Predatory Lending is a major contributor to the economic turmoil we are currently experiencing. Here is an example of what I am talking about: Scott Veerkamp / Predatory Lending (Franklin Township School Board Member.) Please review this information from U.S. Senator Jeff Merkley regarding deceptive lending practices: "Steering payments were made to brokers who enticed unsuspecting homeowners into deceptive and expensive mortgages. These secret bonus payments, often called Yield Spread Premiums, turned home mortgages into a SCAM." The Center for Responsible Lending says YSP "steals equity from struggling families." 1. Scott collected nearly $10,000 on two separate mortgages using YSP and junk fees. 2. This is an average of $5,000 per loan. 3. The median value of the properties was $135,000. 4. Clearly, this type of lending represents a major ripoff for consumers. http://merkley.senate.gov/newsroom/press/release/?id=A09C6A80-537A-4EB1-83C5-31925F046B6F Predatory Lending is a major contributor to the economic turmoil we are currently experiencing.

Here is an example of what I am talking about:
Scott Veerkamp / Predatory Lending (Franklin Township School Board Member.)

Please review this information from U.S. Senator Jeff Merkley regarding deceptive lending practices:
“Steering payments were made to brokers who enticed unsuspecting homeowners into deceptive and expensive mortgages. These secret bonus payments, often called Yield Spread Premiums, turned home mortgages into a SCAM.”

The Center for Responsible Lending says YSP “steals equity from struggling families.”
1. Scott collected nearly $10,000 on two separate mortgages using YSP and junk fees. 2. This is an average of $5,000 per loan. 3. The median value of the properties was $135,000. 4. Clearly, this type of lending represents a major ripoff for consumers.

http://merkley.senate.gov/newsroom/press/release/?id=A09C6A80-537A-4EB1-83C5-31925F046B6F

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]]> By: Sam Adamshttp://lonelyconservative.com/2010/01/obama-admin-to-tax-banks-to-make-up-for-gm-losses/comment-page-1/#comment-14411 Sam Adams Tue, 12 Jan 2010 23:49:55 +0000 http://www.lonelyconservative.com/?p=14892#comment-14411 HELLO McFLY? Don't these clowns get it? The more you tax, the more money is moved away from being taxed. Black market and barter transactions will also keep revenue from the facist bastards. HELLO McFLY?

Don’t these clowns get it?

The more you tax, the more money is moved away from being taxed.

Black market and barter transactions will also keep revenue from the facist bastards.

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]]> By: michiganhttp://lonelyconservative.com/2010/01/obama-admin-to-tax-banks-to-make-up-for-gm-losses/comment-page-1/#comment-14405 michigan Tue, 12 Jan 2010 21:54:20 +0000 http://www.lonelyconservative.com/?p=14892#comment-14405 There will eventually be a point where Obama won’t be able to find means substantial enough to cover his mistakes. Every policy has been a failure. I don’t care whether it’s foreign or domestic, he makes all Americans personally suffer monetarily and constitutionally. There will eventually be a point where Obama won’t be able to find means substantial enough to cover his mistakes. Every policy has been a failure. I don’t care whether it’s foreign or domestic, he makes all Americans personally suffer monetarily and constitutionally.

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