Occupy Atlanta Encamps To Save Cop's Home

[jag10]

It used to be that indentured servitude was a legal contract which lasted 3 to 7 years.... oh how I long for the good old days.

[nutt66]

4,069 views and 0 dislikes

[ramaddocks]

There's more to this story than is being revealed in this video. The bank doesn't just "foreclose" when you "try to re-finance," and there's clearly nothing to be gained, either to the mortgage holder or the owner, when the value of a property goes down. Someone was neglecting their financial obligations, IMHO.

[vidaliasweet]

This movement isn't going away.

[mercednative]

FUCK ALL POLICE EVERYWHERE

[HisEmptyHouse]

Really well done local news piece! This is the sort of thing that local news does best.  Really connects me with the community there.

[sailingwest]

What has happened the good ol USA, These bankers are putting the very people who bailed them out on the streets, shameful. It's the same here in Ireland .

[0gods]

Is the title of this story mislabeled? Was the idea to save this family's home from the cops? I am confused. . .

[Wintermute01001]

@0gods No. According to their main site, the owner of the home is a police officer.

[sparkyj99]

~~> They sell you the Dream... Say, Sure you can afford it... And when you hit hard times, they snatch it from under you and sell it to the next sucker... They profit from you, they claim the losses and profit from your default, then resell and the cycle begins again...

[therealsteamingpile]

@sparkyj99 then have some common sense and know that if a mortgage is $2K/month and your salary is $3K/month then you probably cant afford that home but keep defending people and their stupidity, its not always the banks fault 90% of these foreclosures are the buyers being complete morons.

[sparkyj99]

@therealsteamingpile ~~> Maybe some people could afford thier 2k mortgage but their company up and moved to china and they are out of a job... Not all people made liar loans... Stop projecting your morals on others... Just because your shisty doesn't mean 99% of Americans are... And FYI, noone forced the banks to make loans to unqualified people...

[therealsteamingpile]

@sparkyj99 the banks were given loosened loan rules by the government and that is just like holding a fresh juicy steak in front of a hungry dog but telling him he has to save half, its just not happening and then you have all these small companies springing up that the banks bought who had bad loans on their books. No company just ups and moves without giving warning signs, besides this was cop and his job didnt leave, they bought over what they should, as most people do. Common sense, use it.

[sparkyj99]

@therealsteamingpile ~~> Just like they blame the barrowers for making liar loans blame the lenders for eating the steak... Banks want lax regulations and this is what they do when you lossen the leash... You can say that this cop didn't loose their job, but do you know that?? States have been budget cutting and cutting police, firefighters, and teachers all over the country... I was speaking in generalities but you see it how you will...

[therealsteamingpile]

@sparkyj99 Because I know the area he was in and unless he did something stupid then he didnt get fired or laid off, that area is hiring more police officers along with most metro areas so if he did get let go he would be hired the next day. Its a specialized field and if you hold you cert there is a job for you. And again the lenders didnt force them to sign the papers.

[WillOrng]

@therealsteamingpile Yes it was recklessly stupid of banks to lend loans at $2K a month to someone on a $3K salary, just as it was to put pressure on valuers to overvalue houses, William K. Black explains the dangers of control fraud very well, have a good read of it.

[therealsteamingpile]

@WillOrng How were the homes overvalued? It was what the market would bear and even now most homes havent dropped around metro atlanta unless its an old neighborhood.

My point is sure the company who loaned the money was stupid but the people who took the loan were equally stupid, you should know you cant afford to give 2/3rds of your salary for a home.

[mrsophistifated]

@sparkyj99 The dream is dead..... IT WAS A LIE FROM THE BEGINING..... We work the majority of our working careers just to pay for the intrest on our basic needs, and a portion of our kids future. WAKE UP AND GET FREE.CONTINUE TO OCCUPY. spread the word via fb. twitter, e-mail, snail mail. word of mouth, whatever...... lets take back AMERICA...... and return it to the values we were taught as kids. I WAS TOLD IF I WORKED HARD AND DID WELL IN SCHOOL I COULD BE SUCCESSFUL.

[therealsteamingpile]

@sparkyj99 Carlin never said that, he would be yelling at these morons doing nothing and promoting anarchy

[sparkyj99]

@therealsteamingpile ~~> Carlin never said what?? Go to my channel and watch the "American Dream" bit then come back at talk some shit... I agree with what you said about indentured servitude but you do not know that all the forclosures came from liar loans or bloated loans... There were ballon loans and adjustable rate loans... And some people took loans they could afford but some event made it difficult to keep up... Some lived off of savings till they went bust... Stop punching down...

[therealsteamingpile]

@sparkyj99 You are talking when carlin was in his old man rant periods and none of it is true, if it were then the system would have died years ago. Most of those loans were because the people signing the papers made shitty choices, sorry, thats a fact. Sure some had medical issues to get them in dire straights but thats all that I feel for, the others were just idiots. If you take an ARM then you cant afford the house, they are there to sucker you in, its all about using common sense.

[donyunger]

@mrsophistifated In a world of limited resources the American dream was unsustainable the first time it was ever expressed. Real leaders would be telling their countryman the truth,and showing the way where the largest amount of persons can live without undue hardship for the longest period of time possible. What is dead is an economy based on ever increasing consumption beyond survival needs.

[WillOrng]

@donyunger That's why the 1% are accumulating all the 99%'s gains in labour productivity?

[therealsteamingpile]

@mrsophistifated Its not a lie, work hard and use some damn common sense, otherwise you wind up in debt with no way to pay it off, you can thank god our founding fathers made sure there were no debtors prisons in the new country. Thats how most europeans got here because they were in debt and shipped off to the new world to work for other people, indentured servitude, look it up and realize you have been lied to by your teachers.

[sparkyj99]

@therealsteamingpile <~~ Well Said...

[89ervinp]

@sparkyj99 that's only if you're stupid enough to fall for it, or be easily persuaded by other people to do what THEY want you to do...nobody put a gun to their heads, they made THEIR CHOICE

[sparkyj99]

@89ervinp ~~> Not all people made liar loans... Some people lost thier jobs and instead of a loan modification it is more profitable for the banks to forclose...  Have you seen the Grapes of Wrath... This has happened before...

[WillOrng]

@sparkyj99 and the wizard of Oz when the mid-West farmers were shafted by banker witches of the east and west and the gold standard.

What about the lying liar lenders who lent recklessly earnt fat fees then sold dodgy debt for more fat fees, look up William K. Black on Control Fraud to understand who the real criminals are.

[sparkyj99]

@WillOrng <~~ I agree...

[ar15assault1]

@89ervinp How true.

[sparkyj99]

@89ervinp ~~> When you say stupid enough to fall for it then I guess you can see how is is essential to get rid of the dept of education & stop funding to public education... You know, to ensure a lame population ripe for the pickings... Too dumb to figure out they are being fcuked but just smart enough to take you order at micky dz.... Even the for profit private collages are all a scam and acrediation isn't mandatory, meaning your degree is worthless... But boy do they love them school loans