We can blame the state that the world is in on polititians, that have sold the world to bankers. I say, we hang all polititians, past and present. And when the job is good and done, we go after the bankers. Problem solved!!!!
@kredit787 Nope, debt is God's way of weeding out people who are too dumb to count. Call it financial Darwinism if you will. (There are a few situations where people ended up in debt through no fault of their own, and obviously the above does not apply to them.)
It's sad, but I have to say that people who count too highly on credit are asking for it. I borrowed money for my first car 40 years ago and decided "never again". Since then I bought cars and even a house paying cash. I did without whatever I couldn't afford. I'm not rich now but I'm not in debt and I can sleep without worrying.
Yha, but you dont see the other end, i use to work in a bank and if our customers who we were trying to give money to questioned will they be able to pay it back, i use to lie and say yes, dont worry... i said anything to get them to sign because i made a commission of off an each loaned i got them to sign...we offered mortgages to people who clearly couldnt afford, but i was trained to get them, just to do them, and not care. we didnt tell them they couldnt pay, we convinced them,
Live within your means, you idiots. If you can't afford kids, don't have any until you can. They're expensive! Birth control's far cheaper than raising children. If you can't afford the mortgage on a big house, opt for somewhere inexpensive. Stop living well beyond your means and then expecting sympathy when your irresponsibility finally catches up with you.
dont blame the bakers, they r only businessmen out to make a kill, blame the stupid mother that takes a debt of more than 50,000$ while earning arnd 20,000$.its all abt the choices we make, this just displays the height of irresponsibility amongst the public.
Why the hell clean the house??? You got kicked out! Put poop in the air-vents, cement in the drains and termites in the wood framing. Teach the bastards that it's not that easy to get you out! Have some fun, move into the bank owners garage!
I dont feel sorry for these people at all. If your too stupid to understand what your buying dont buy it. If you take loans just because you can, your an idiot.
They should of lived in a smaller house/rent an apartment and never bought the stupid thing, or sold it years before.
Like, if you're being foreclosed & evicted, why bother to clean or prep the place? Let the predators do it; after all, they already screwed you out of your home. No need to be too careful while moving, either. For example, you could "accidentally" break out a few windows, knock a few holes in the walls, plug the toilets, and drive your truck through the yard, leaving a trail of destruction along the way (don't damage your truck; you might have to live in it). So sad, babes!
@pantyflash Take responsibility for your actions. You destroy the place you will get a bad reference, and if you're renting you will not get your deposit back. When you're going through the stress of foreclosure and eviction you will do even worse by adding more damage.
Check this out! A way to pay off your student loan faster whilst still studying.
I listened to Robert Kiyosaki's advice on silver: "I believe this is the biggest investment anyone can make in the next 100yrs" I did my research and found an opportunity that has changed my life in 12 months. Take a look like i did.... Visit: goldsave.co/
I dislike companies that purposefully trick people into promising disingenuous interest rates - but if you're stupid enough to to buy a house you can't afford, or start taking out more loans - basically making retard decisions you deserve to pay obviously. I just pity the children and hope the mother doesn't try and home-school these children. I mean this woman is so stupid and ignorant - people should have to pass tests which show they actually understand what they're signing up for.
@Malmortuus exactly brilliant statement, it all boils down to plain old resposibility.just look at that house that lady is in, merely looking at her i could tell she was not able even at first to afford paying for that house
@avataz People like you ignore a growing unhealthy society, which is a growing problem. What are you going to do about it, shoot the people too? What businesses promoted in the first place allowed such debts, same with what government allowed from business. There is surely more plausible business out there selling a better product that the credit card organizations for instance. Common now, everything is not just black and white. Everything can be weighed to different extents!
I don't get, why would fuckin bother cleaning up a house that you are getting kicked out of. Fuck the banks and the real estate agent. Just load your shit in the removals truck and piss off. These people are so fuckin stupid, It's their fault own fault they took on a big house and big mortgage, cars and overpriced interest free bullshit from harvey norman. why couldn't they just spend within their financial boundaries. Don't feel sorry for these people one bit.
@terry2708 Exactly right. If you don't have the money, you can't have the house. It's a pretty simple rule. If you decide to ignore the rule, take a loan and buy the house anyway you deserve everything that comes your way.
.WATCH OUT FOR CAR YARDS AND BANKS THEY UP MY PAY $ 28 GRAND PER YEAR TO GET ME IN GREAT AMOUNT OF DEBT IF YOU ARE IN DEBT GET YOUR LOAN PROPOSAL FORMS MINE ARE BOGAS LIKE KEVIN RUDD.
PLEASE DONT READ THIS!!!!U WILL GET KISSED ON THE NEAREST POSSIBLE FRIDAY BY THE LOVE OF UR LIFE. 2MORROW WILL BE THE BEST DAY OF UR LIFE.HOWEVER IF U DONT POST THIS COMMENT TO ATLEAST 3 VIDEOS U WILL DIE IN 2 DAYS.NOW UV STARTED READIN THIS SO DONT STOP NOW!THIS IS SOOO SCARY.SEND THIS TO ATLEAST 5 VIDEOS IN 143 MINUTES WHEN UR DONE PRESS F6 AND UR CRUSSHES NAMEWILL APPEAR ON THE SCREEN IN BIG LETTERS THIS IS SOO SCARY CUZ IT ACTUALLY WORKS!!!!!
I feel for these people, but as a society we need to learn when to say no to more credit, however I have been there and I know how attractive the marketers make credit appear. It is way too easy to get yourself in over your head
It is possible to buy a house in cash. Or at least put down a massive down payment and pay the rest off in a few years. no one forced these people to buy a house.
Especially with 20% interest... these people have to look in the mirror, they signed on the dotted line!!! Saddly, they are like cows, and the banksers milk their asses down... til nothing is left, like fucking parasites.
its dumb people like these mums that is driving house prices up so high. Buy something they cant afford. She deserve to be kicked out on the streets to teach her a lesson
an old school friend of mine just got a home loan & had previous loans in the past for cars, etc & was $40,000 in debt before even being approved for the home loan (which he was!).
banks just keep handing it out until the enviable happens...
'the moral of the story is there's no such thing as a free lunch'.
& the scary thing about my friends debt is it hasn't changed his thinking. he's whole philosophy is - i may die tomorrow & then it's not my fault! - how warped is that?.
Bought a house for $100,000 less than the bank offered, made sure we could afford it on one income. We had layoff and medical crisis, lost both incomes. Insurance declined payment on treatment. Spent our life savings to stay alfoat. Job appeared, 1500 ml away. Now we pay rent in one city and a morgage in another. Can't sell the house values fell 40%. Now have 1 full time and 3 part time jobs. We expect to be in financial ruin for five years. Careful about how you judge people.
I suppose they kept a gun to your head as well, right? If you claim not to be responsible/in your right mind then, how can you ever claim to be about something else?
ya it's a lame excuse. But at the same time, it was, and is, a slippery slope. Once you get into debt in the first place, and you fall into family crisis, it seems the only way out is to take on more debt. Just take a look at America's national debt. The interest alone is being payed by the gov't taking on more loans, meaning the country just gets into more and more debt. Seems like even the gov't is saying "because they kept on giving it to us"
Federal Reserve System, and Wall Street Bankers >>>> convert them into government utility companies. Just like your electricity unitity or water untility company. Abolish speculation on bonds and stocks, or regulate speculation itself. Does it sounds like Socialism, prehaps to lesser exent. But much better than ruining thousands of lives every single day.
We can thank the fraudulent Federal Reserve System for our money problems. WE deserve this because we continue to allow these crooks to create "money" they do not have & will never have out of thin air and then lend that fiat paper to us with added intrest to boot.Wake Up People we are being screwed up the bung hole while the crooks laugh their asses off!! The FED has to be ABOLISHED unless you prefer being a slave to this corrupt ponzi scam called THE FEDERAL RESERVE SYSTEM.
It's not the government / banks fault. It is the people who go out and buy a car on credit, and pay off mortgages on credit. If I tell you that I will buy a car for you, but you will have to pay me back double over the rest of your life, would you take that? No. But the bank makes it sound convincing right? That's your fault. It's like buying everything on TV because the commercial sounds convincing.
Ya i agree that starting out a life with debt is a problem, selaron. But it's extremely difficult not to do it. Try to buy a house with Cash, it ain't easy. Try to buy a car with Cash. It ain't easy. People can't live w/o a car to get to their job unless they live really close to it. And if public transit is the answer, that takes 2 to 3 hours or more out of your day, turning your work day into about 12 hrs or so.
I tried, not only was it much easier, but also much, much cheaper. It's all about priorities (want to pay interest or food?). And if you get tomorrow's work done while commuting (cannot be done in "your" car, obviously) then you don't have to come in tomorrow.
sounds like you live a life that most people can't live. Most people work with their hands, not in office buildings, or in retail and whatnot. You can't build a house while commuting, nor can you sell your wares. As far as buying a house with cash, i commend you for doing so (if that's actually true), but again, that's not possible for most of the pay cheque to pay cheque people.
To clarify, it was 400 monthly straight to the owner, and total over 7 yrs came to 30 000. Very hard the first couple of months because the notary and the court house (reg.) took a total of 600 on top, but it was worth starving for. As for the commute thing, I agree that I am lucky now to be able to work whereever, but at the time of paying off the house, I was biking through the Canadian winter 15 km, each way. So I'm not saying it's easy, far from it, just that it is easier and cheaper.
wow you bought a house for 30,000? Thats a steal, lol. Maybe you meant 4000 a month for 7 yrs? I dunno, if it was 4000 a month - that's a pretty nice job. Good on you for choosing the bike over the vehicle in this cold ass country. I don't think we can extend what you did to the majority of the population, but if you like the idea of baby steps (ie whoever actually can do that, to do so), it would help a lot of people in the long run.
100 sq.m. for 30 thou. And some thought I got ripped off;) (by at least 10). In the area I chose - to fit req. of quality of life, edu., work and prices - they still range from 10 thousand (half-renovated, out in the wild, 6 thou at the time, in 1996!) to 250-300 thousand (monsters by the beach). And nowadays there are sites like bytheowner for Canada, for the minority (can also recommend southern NZ). As you say, the maj. probably not into starving and foregoing for years still, it's no picnic.
Wow that's new to me. For anyone looking to buy a home where i live, southern ontario - greater toronto area - anyone looking to buy a home is looking at 250,000 minimal. But the homes are much larger than 100 sq m. It could be true that society has gotten an unreasonable expectation on what type of home to live in. Our houses may be just too big and expensive. But the problem is homes are expensive in Toronto. And still expensive as you travel outside of Tor into suburbia.
@LDRinbrampton Of course you can live without a car! When my job moved to a different city, I moved as well. Even though I liked my old place, to have stayed there, then complain that I can't live without a car would have just been stupid.
Banks give out stupid loans so that the y get payments from you for awhile and then when you can't pay they take the house back and you get nothing. How come the bank doesn't give some of the money back? Because they're crooks.
The thing is the system encourages debt so if you actually don't want to spend or get debt you are in a way forced to because everything is becoming so expense.
because they keep giving it to us? not good enough of an answer i feel no pity for these borrowers who spend borrow spend borrow you dug your hole now you will lie in it!
Well, consumer culture is to blame for this. In Australia, in New Zealand, in a Slovakia, in USA, in Canada and even in Mexico and Argentina... Wonder why those countries have people who are deeply in debt and those countries themselves are in debt?
Well... Consumer culture.... My heart goes out to them.
Yo do you people see that friggin Advertisment beside the video? TALK ABOUT IRONY!! LOL... HEre you have a video about debt,, and there you have an ad . telling you to borrow more money! Hahaha..... only on youtube. cud this happen lol
People should only buy what they can afford and use their brain if they have one to begin with. Look at the kind of house they have! the guy is a construction worker and he has a house fit for an executive VP. What were they thinking. The banker in the video has a much more modest house so that is why he is not in the same jam the other people are. The people in debt brought it on themselves.
Utter rubbish! The immoral, greed driven investment bubble in residential property is to blame. It has forced the cost of housing to unprecedented highs and has forced people with families to city fringes and in to massive mortgages. You can't raise kids in a modest flat. Unfortunately, a modest flat today costs the same as decent house did 15 years ago. Don't blame the victims, its immoral and incorrect!
Greed driven, the people wanting the large house with the pool and terrace was greed in itself. They had widder eyes than common sence. Yes housingcost have gone up but so has income. What when up the most is peoples expectations from life. The smart people can go and the the big house now because they are cheaper. Face it those people were just not too bright.
What a load of rubbish! Sure incomes have increased. But in the 1970's the average mortgage value was just on 3 years of average income. Today, an average mortgage is 7 to 8 years of average income. And I think people in the 1970's were just as wide eyed when buying a house as anyone today. Since when was wanting to own a house a 'greed driven' decision? Wanting to invest and own several houses is most certainly greed driven! I think you suffer from a disgraceful case of schadenfreude!
Let me tell you this when I was saying to people now is not a good time to buy property since we are at a crest of an economic expansion that is always followed by a recession. What do you think their response was, they told me that I do not know what I was talking about and that I have dumb theories. I invested in my business so when the recession came it could survive. Their case is a classic. A FOOL AND HIS MONEY ARE SOON PARTED.
The average size of a home has increased since that time as well. I used to work in building contracting. When I worked in car financing I saw first hand how people wanted likle heck to buy a car that represended a year of their earnings or more. As for "schadenfreude" I do not take pleasure in peoples suffering. I just do not agree that we should feel sorry for them. They made a bad decision and they try to blame it on the bank and the business community.
I live in an average suburb in Sydney in an average sized house when my parent got it about 23 years ago it took them 5 years to pay it off outright (they are not rich or anything either)
But today if I wanted to buy a similar house it would take 30 years to pay it off
If a person suffers from something completely unavoidable and not their fault they will get my sympathy. If it is their own doing they should clean up their own mess. You have to work your way to afluence not buy your way into it. Plus you have to use your head before any choice you make. If you fall you have to pull yourself back up not try to find the blame somewhere else. You suffer from a serious case of bleeding heart liberalism.
Did you actually watch the story?? It was on predatory lending by large institutional banks! Are you seriously defending this? Do you believe in unregulated lending? Do you not think there's a substantial moral deliquency in the actions of these lenders? Frankly, I'd rather be labelled a bleeding heart than a heartless defender of immoral corporate practices by greed driven lenders!
It all started when the people got themselves into a house that was too big for their budget. How can a floor layer expect to live in that kind of a house. A gerneration ago they would be in a 3 br bungalow. Yes some institition have predated on them and they sighed things they do not understand. They were not too bright. In history the stupid have always been punished more that the guilty.
So you apply a punitive approach to gullibility and not to institutional exploitation? Sure, blame the weak and uninformed for their intellectual shortcomings, but why not deride the expoitation of such people? To imply that simple people warrant their own ruin for failing to detect that they were being exploited by large, trusted national institutions is strange!
We gave the customer plenty of chances. we even suggested he sell some of the assets but he did not. Our patience simply ran out and it was waisting our time.
Foor laying contractors earn great money as the work takes it toll on the body. Back injuries are common place due to the constant lifting bending and repetitive motions. That is why such people are taken on as contractors. Compensation claims and high insurance premiums make it impossible to take them on as employees.
Look I have dealt with people that do not pay when they should for several years. They get into those problems through bad money management 9 times out of 10. For those that hit bad luck I have mercy for and try to help them. When a bank jerks me around I do not take it. I changed banks a few time until I landed on a real good one. You still have to know what you are signing. If you do not like it go to another bank.
Oh and this rubbishy myth about 'voting with your feet' and switching banks won't cut it either. Australia has one of the most concentrated banking systems in world. Even the IMF has described our banking system as collusionary and uncompetative.
I believe you have a concentrated banking system many countries do. Then you need to change your laws to amend it. People all over the world are irresponsable with their money, they have to change their habits. Yes the banks were predatory. The laws cannot always protect the uninformed. Remember that the banks lost a lot of money as well and good for them too. The gov. should not bail out the banks but let them fall as a warning to others. If laws are needed then put them on the books.
In the USA your home is never really yours. Because you can pay it in full after a 30 year term, but if you don't pay the anual taxes for let say 2 years you loose your home. Its not fair.
theres a idea called the McLaurine plan which consist of rolling everyones credit score back up to 680 and people who have good credit gets AAA or a bonus reward of some kind... I'm not a expert just want to see what the real expert like your self think of such a plan.
The money is phony! but the assets are real, use the bank as your bitch. They can't jail you for bankruptcy!! After the period the banks will be glad to lend again, as this is the trigger to create new money! To bad for the banks,.. they wanted no gold or silver backing their paper.
You Aussies are good people, but you need to burn down a few banks to make your point.
do this (only in America): As a young or old person borrow and get as many credit cards as possible. Get cash advancements on the credit cards and as much goodies as you can. Pay the best you can for the two years, the required time before filing bankruptcy. Hide the assets (not in a bank fool) Hide the property (storage under a different name) File bankruptcy! if they ask claim you sold all preoperty to pay the cards. For 7 years you will have the money and the property while your default fades
I think that people need to take responsibility for their own decisions, there are guns available, i dont get them, there is debt available, i dont do that either.
Stop trying to live the life that media and modern society imposes on you and make your own decisions about your life.
@jackinla8 If there is an economic collapse, a gun will not help you. It will perhaps give you the illusion of security, but you certainly won't be protected from the masses of desperate people.
the worst of all is that the goverment is bailing out billions of dollars to help the same people who caused all this mess...but the way i see it, all that bailout crap is nothing more than a well organized plan so that the gov. can take control of all of those banks or should i say will take control of our debts...billions and billions! funny stuff i'm wondering if the feds. have enough gold and silver to back up all of those insanes ammounts of money. worthless green paper
The gold standard was removed by all governments and is now replaced by the fiat system, this means that the money is worth what the govt declares it is worth - it is not backed by any assets.
We live in a time where the majority of people on this planet are slaves or serfs.
Slavery in this day and age is called human trafficking. The lower middle class have become surfs. Working to pay off the toaster so they can have toast in the morning before they go to work so that they can pay off the toaster!
Notice wealthy liberals like Bono, Warren Buffett and George Soros never step in to help people these families. I've heard Buffett whine that he doesn't "pay enough in income taxes" on more than one occasion.
These men made their fortunes. They didn't take it from anyone. Plus they give a lot of money to charity. If these men were to put all their money together and give it away, they wouldn't make a dent in this problem. The system is corrupt.
I lost my faith to the U S Govt. My 401k is really down now and I am worried everyday. Look like depression is on the way. Or I am already depressed financially.
to pimpolee: if you are not going to retire for 5+ years I would not be overly concerned about your 401K. If you are not going to retire for 10+ years, I would not be worried "at all".
Same shit is happing in America. You should all see the homeless blocks of people in California. Living out of cars, under tarps, and card board boxes. This shit is despicable. We should all wage war against the fucking Bankers.Fuck the Bankers. Give these people back their home.
another bailout in the works as part of that package, Pelosi wants to resurrect a $61 billion House-passed measure that included about $37 billion in public works spending, $6 billion to extend jobless benefits, $15 billion to help states pay their Medicaid bills and $3 billion in food stamp assistance for the poor. does anyone see a problem with this i am agianst bailouts but look how they are willing to help the poor people and yet give $700 billion to the rich crooks on wall street.
House Speaker Nancy Pelosi of California and fellow congressional Democrats are pushing a package that could cost as much as $150 billion or more. when are they going to stop they stold 700 billion and thats not enough lets just keep it on the roll WAKE UP PEOPLE
wall street bailout find out who your congressman/senators are vote them out get a sign for who is running agianst them put it in your yard vote these crooks out of office and dont forget OBAMA / MCCAIN WHO BOTH VOTED FOR IT(VOTE NADER) wages yes for the people NO for congress vote NO new world order, NO cfr, NO war, NO illuminati, NO fema camps. tired of the lies year after year they dont do crap for the people when they get in office. enough is enough stand up and say NO VOTE THIRD PARTY
The Banks where I live always send me Credit cards and loan offers, funny thing is I don't need no stinken credit. I'm not desperate for money. I ripped them up and throw in the trash. Never been debt my whole life and my parents are not in debt either.
You what we did when I was growing up and had no money but need food? Starved for a few days and rided it out, we didn't put $200 on a credit card. Ya I live in canada.
Where you from? I am Canadian, its more reserved about credit here than the US or OZ. I am a big economics geek, but oh well, i only have my student loan to pay off lol
Mard420 said it right. The house looks a bit luxurious for a one-earner family. Get credit for necessities and pay cash for luxuries. They should have bought a more modest house.
Debt-Depending society is the modern way of slaves-masters order
This is how the system work: we loan money to afford a house they give as much as we won't and artificially raise the price of the houses so we need to loan more, and so on...
I glad those banks worker paid for they collaborating, but sadly the real criminal still travelling in their private planes and ask the tax-payers to help them get even reacher
their house is a mansion, I feel bad for them, but lots of people are living like 18th century aristocracy and now we are all paying for it. only necessities should be bought with credit, any frivolties, luxuries, should be bought with cash
Leftliberal is right. There is so much he is not saying, but I think he knows exactly what is going on, just as I do. Things are going to get much worse everywhere. It's just a matter of time. In America the ruler is the Federal Reserve Bank. Make no mistake about it. Many of us here know exactly what is going on. America has been sold out by it's leaders. The politicians here are greedy and ruthless. I surely don't have the answer though. I'm just an old man waiting for his time to go.
We can blame the state that the world is in on polititians, that have sold the world to bankers. I say, we hang all polititians, past and present. And when the job is good and done, we go after the bankers. Problem solved!!!!
justinotherguy1000 6 months ago
why do you think they don't teach about 'debt burden' in schools?...if we knew as kids nobody would be in debt now...or a least very few of us...
aseireann 8 months ago
debt is modern financial slavery
kredit787 8 months ago
@kredit787 Nope, debt is God's way of weeding out people who are too dumb to count. Call it financial Darwinism if you will. (There are a few situations where people ended up in debt through no fault of their own, and obviously the above does not apply to them.)
antred11 6 months ago
Does anyone know what happened to this family ??
From Sydney
ashjoma 9 months ago
It's sad, but I have to say that people who count too highly on credit are asking for it. I borrowed money for my first car 40 years ago and decided "never again". Since then I bought cars and even a house paying cash. I did without whatever I couldn't afford. I'm not rich now but I'm not in debt and I can sleep without worrying.
Txsray 9 months ago
credit card is the modern version of the devil contract..... he he see how smart he is?
cause soul seem so instinctively protective, he gos for your life!
TimeManInJail 10 months ago
Yha, but you dont see the other end, i use to work in a bank and if our customers who we were trying to give money to questioned will they be able to pay it back, i use to lie and say yes, dont worry... i said anything to get them to sign because i made a commission of off an each loaned i got them to sign...we offered mortgages to people who clearly couldnt afford, but i was trained to get them, just to do them, and not care. we didnt tell them they couldnt pay, we convinced them,
conniewalker79 11 months ago
buy the dvd....get fucked!!!
911wikileaks 11 months ago
st george are cunts
911wikileaks 11 months ago
give the keys to punk rockers and then let them thrash the place. Don't bother cleaning it up.
JasonDamisch 11 months ago
Debt is a type of bondage, and not the good kind :\
PlanetoftheAtheists 11 months ago
Live within your means, you idiots. If you can't afford kids, don't have any until you can. They're expensive! Birth control's far cheaper than raising children. If you can't afford the mortgage on a big house, opt for somewhere inexpensive. Stop living well beyond your means and then expecting sympathy when your irresponsibility finally catches up with you.
ClapsyPlapsy 11 months ago 3
I wondered what happened to this family, after all of this.
Anyone know what happened to them ??
Nice homes in Kellyville - large new homes - I drive past that area when I head to Sydney
ashjoma 1 year ago
Being in debt limits what you can do with your life.....
MrEnergyCzar 1 year ago 34
on 2.10 "why did you take out the loans" ?
Answer “because they kept on giving them to us”
well, what do you want us to do about it u stupid fat cow ! sort your life out
b3gunkid90 1 year ago 5
dont blame the bakers, they r only businessmen out to make a kill, blame the stupid mother that takes a debt of more than 50,000$ while earning arnd 20,000$.its all abt the choices we make, this just displays the height of irresponsibility amongst the public.
madscientistify 1 year ago 2
Why the hell clean the house??? You got kicked out! Put poop in the air-vents, cement in the drains and termites in the wood framing. Teach the bastards that it's not that easy to get you out! Have some fun, move into the bank owners garage!
dickmartn 1 year ago 4
Comment removed
vengance89 1 year ago
@vengance89 it's not working
missrosetejano 1 year ago
@missrosetejano
see video response :)
vengance89 1 year ago
I dont feel sorry for these people at all. If your too stupid to understand what your buying dont buy it. If you take loans just because you can, your an idiot.
They should of lived in a smaller house/rent an apartment and never bought the stupid thing, or sold it years before.
rustyscrapper 1 year ago
"Why did you keep taking it out the loans?" Dumb woman responds "because they keep giving it to us." What an idiot! 2:10
imhotep1 1 year ago 3
Two mortgages are 10% and 20% ?!
ericaj58 1 year ago
Like, if you're being foreclosed & evicted, why bother to clean or prep the place? Let the predators do it; after all, they already screwed you out of your home. No need to be too careful while moving, either. For example, you could "accidentally" break out a few windows, knock a few holes in the walls, plug the toilets, and drive your truck through the yard, leaving a trail of destruction along the way (don't damage your truck; you might have to live in it). So sad, babes!
pantyflash 1 year ago
@pantyflash Take responsibility for your actions. You destroy the place you will get a bad reference, and if you're renting you will not get your deposit back. When you're going through the stress of foreclosure and eviction you will do even worse by adding more damage.
imhotep1 1 year ago
@pantyflash i know, but Australian are nice like that.
missrosetejano 1 year ago
This has been flagged as spam show
Check this out! A way to pay off your student loan faster whilst still studying.
I listened to Robert Kiyosaki's advice on silver: "I believe this is the biggest investment anyone can make in the next 100yrs" I did my research and found an opportunity that has changed my life in 12 months. Take a look like i did.... Visit: goldsave.co/
Efficacious24 1 year ago
I dislike companies that purposefully trick people into promising disingenuous interest rates - but if you're stupid enough to to buy a house you can't afford, or start taking out more loans - basically making retard decisions you deserve to pay obviously. I just pity the children and hope the mother doesn't try and home-school these children. I mean this woman is so stupid and ignorant - people should have to pass tests which show they actually understand what they're signing up for.
Malmortuus 1 year ago
@Malmortuus exactly brilliant statement, it all boils down to plain old resposibility.just look at that house that lady is in, merely looking at her i could tell she was not able even at first to afford paying for that house
madscientistify 1 year ago
Dont buy stuff you cant afford. These people are only victims of their own dumbness.
HarvardBoxer 1 year ago 3
@HarvardBoxer
The whole US economic system is built on massive indebtedness ...
MultiMarou 1 year ago
All this crap comes from people borrowing more than they can afford. It's thier own damn fault
avataz 1 year ago 2
@avataz I totally agree with you!
HarvardBoxer 1 year ago
@avataz People like you ignore a growing unhealthy society, which is a growing problem. What are you going to do about it, shoot the people too? What businesses promoted in the first place allowed such debts, same with what government allowed from business. There is surely more plausible business out there selling a better product that the credit card organizations for instance. Common now, everything is not just black and white. Everything can be weighed to different extents!
luc59457 1 year ago
Husband should do his fucking job and provide, why isnt the wife off working? Fucking brought it on themselves.
happywadey 1 year ago
@happywadey You are a dipshit. The average workers wages would barely cover the cost of daily childcare costs for 2 kids.
Valkyriepure 1 year ago
This has been flagged as spam show
@happywadey You are a dipshit. The average workers wages would barely cover the cost of daily childcare costs for 2 kids. $120
Valkyriepure 1 year ago
"People trust the banks"
WHY!?!
VolcanicPenguin 1 year ago
debt is slavery, which part of it you don't understand?
virtuous8 1 year ago 3
No matter how money an Austrailian Lends it will never stop him being a big mouthed beer swiggin wombat shagging Col'ah.
666fannyfart 1 year ago
One nation to blame. Ask yourself WHERE did sub prime loans originate? Educate yourself people, break away from the bad apple!
MetusModus 1 year ago
I don't get, why would fuckin bother cleaning up a house that you are getting kicked out of. Fuck the banks and the real estate agent. Just load your shit in the removals truck and piss off. These people are so fuckin stupid, It's their fault own fault they took on a big house and big mortgage, cars and overpriced interest free bullshit from harvey norman. why couldn't they just spend within their financial boundaries. Don't feel sorry for these people one bit.
terry2708 1 year ago
@terry2708 Exactly right. If you don't have the money, you can't have the house. It's a pretty simple rule. If you decide to ignore the rule, take a loan and buy the house anyway you deserve everything that comes your way.
antred11 6 months ago
.WATCH OUT FOR CAR YARDS AND BANKS THEY UP MY PAY $ 28 GRAND PER YEAR TO GET ME IN GREAT AMOUNT OF DEBT IF YOU ARE IN DEBT GET YOUR LOAN PROPOSAL FORMS MINE ARE BOGAS LIKE KEVIN RUDD.
TheDemonsarehere 1 year ago
This just shows how important financial education really is.
People need to learn how to manage their money from school.
But the government wont implement this because the banks will lose their business.
iezzzwan 1 year ago
This has been flagged as spam show
PLEASE DONT READ THIS!!!!U WILL GET KISSED ON THE NEAREST POSSIBLE FRIDAY BY THE LOVE OF UR LIFE. 2MORROW WILL BE THE BEST DAY OF UR LIFE.HOWEVER IF U DONT POST THIS COMMENT TO ATLEAST 3 VIDEOS U WILL DIE IN 2 DAYS.NOW UV STARTED READIN THIS SO DONT STOP NOW!THIS IS SOOO SCARY.SEND THIS TO ATLEAST 5 VIDEOS IN 143 MINUTES WHEN UR DONE PRESS F6 AND UR CRUSSHES NAMEWILL APPEAR ON THE SCREEN IN BIG LETTERS THIS IS SOO SCARY CUZ IT ACTUALLY WORKS!!!!!
jewlziebaby 1 year ago
I feel for these people, but as a society we need to learn when to say no to more credit, however I have been there and I know how attractive the marketers make credit appear. It is way too easy to get yourself in over your head
bytestream 1 year ago 2
It is possible to buy a house in cash. Or at least put down a massive down payment and pay the rest off in a few years. no one forced these people to buy a house.
TheMrMarple 1 year ago
@TheMrMarple
Especially with 20% interest... these people have to look in the mirror, they signed on the dotted line!!! Saddly, they are like cows, and the banksers milk their asses down... til nothing is left, like fucking parasites.
cramsa 1 year ago
very sad but more and more common....
MrEnergyCzar 1 year ago
its dumb people like these mums that is driving house prices up so high. Buy something they cant afford. She deserve to be kicked out on the streets to teach her a lesson
hanvo216 1 year ago
This has been flagged as spam show
If you can't pay CASH you CAN"T afford it.
SCLARK2112 1 year ago
If you can't pay CASH you CAN"T afford it.
SCLARK2112 1 year ago
@SCLARK2112 slightly simplistic, after all, who could afford to buy a house with cash. Anyone got $300,000 in the bank.
1dschamp 1 year ago
if the dog over eats who do you blame the dog or the owner
fungulotualatuarazza 2 years ago
When you dont understand the terms, dont sign! Its that simple.
siggensax 2 years ago
Nobody reads!
tellpipe11 2 years ago
an old school friend of mine just got a home loan & had previous loans in the past for cars, etc & was $40,000 in debt before even being approved for the home loan (which he was!).
banks just keep handing it out until the enviable happens...
'the moral of the story is there's no such thing as a free lunch'.
& the scary thing about my friends debt is it hasn't changed his thinking. he's whole philosophy is - i may die tomorrow & then it's not my fault! - how warped is that?.
internetdv8 2 years ago
Bought a house for $100,000 less than the bank offered, made sure we could afford it on one income. We had layoff and medical crisis, lost both incomes. Insurance declined payment on treatment. Spent our life savings to stay alfoat. Job appeared, 1500 ml away. Now we pay rent in one city and a morgage in another. Can't sell the house values fell 40%. Now have 1 full time and 3 part time jobs. We expect to be in financial ruin for five years. Careful about how you judge people.
higgledypiggledy100 2 years ago
If you're poor, then why have a kid or two!
jethangar 2 years ago
"Because they kept on giving it to us."
I suppose they kept a gun to your head as well, right? If you claim not to be responsible/in your right mind then, how can you ever claim to be about something else?
fjslfhalfhkdjfh 2 years ago
ya it's a lame excuse. But at the same time, it was, and is, a slippery slope. Once you get into debt in the first place, and you fall into family crisis, it seems the only way out is to take on more debt. Just take a look at America's national debt. The interest alone is being payed by the gov't taking on more loans, meaning the country just gets into more and more debt. Seems like even the gov't is saying "because they kept on giving it to us"
LDRinbrampton 2 years ago
my wife brings in the bucks we live in nv shes a prostitute and stripper move to nv she even paid off our student loans in 6 months
sfordgg 2 years ago
Federal Reserve System, and Wall Street Bankers >>>> convert them into government utility companies. Just like your electricity unitity or water untility company. Abolish speculation on bonds and stocks, or regulate speculation itself. Does it sounds like Socialism, prehaps to lesser exent. But much better than ruining thousands of lives every single day.
salqaisiutube 2 years ago
We can thank the fraudulent Federal Reserve System for our money problems. WE deserve this because we continue to allow these crooks to create "money" they do not have & will never have out of thin air and then lend that fiat paper to us with added intrest to boot.Wake Up People we are being screwed up the bung hole while the crooks laugh their asses off!! The FED has to be ABOLISHED unless you prefer being a slave to this corrupt ponzi scam called THE FEDERAL RESERVE SYSTEM.
revo40 2 years ago 2
It's not the government / banks fault. It is the people who go out and buy a car on credit, and pay off mortgages on credit. If I tell you that I will buy a car for you, but you will have to pay me back double over the rest of your life, would you take that? No. But the bank makes it sound convincing right? That's your fault. It's like buying everything on TV because the commercial sounds convincing.
selaron1000 2 years ago
Ya i agree that starting out a life with debt is a problem, selaron. But it's extremely difficult not to do it. Try to buy a house with Cash, it ain't easy. Try to buy a car with Cash. It ain't easy. People can't live w/o a car to get to their job unless they live really close to it. And if public transit is the answer, that takes 2 to 3 hours or more out of your day, turning your work day into about 12 hrs or so.
LDRinbrampton 2 years ago
I tried, not only was it much easier, but also much, much cheaper. It's all about priorities (want to pay interest or food?). And if you get tomorrow's work done while commuting (cannot be done in "your" car, obviously) then you don't have to come in tomorrow.
fjslfhalfhkdjfh 2 years ago
sounds like you live a life that most people can't live. Most people work with their hands, not in office buildings, or in retail and whatnot. You can't build a house while commuting, nor can you sell your wares. As far as buying a house with cash, i commend you for doing so (if that's actually true), but again, that's not possible for most of the pay cheque to pay cheque people.
LDRinbrampton 2 years ago
To clarify, it was 400 monthly straight to the owner, and total over 7 yrs came to 30 000. Very hard the first couple of months because the notary and the court house (reg.) took a total of 600 on top, but it was worth starving for. As for the commute thing, I agree that I am lucky now to be able to work whereever, but at the time of paying off the house, I was biking through the Canadian winter 15 km, each way. So I'm not saying it's easy, far from it, just that it is easier and cheaper.
fjslfhalfhkdjfh 2 years ago
wow you bought a house for 30,000? Thats a steal, lol. Maybe you meant 4000 a month for 7 yrs? I dunno, if it was 4000 a month - that's a pretty nice job. Good on you for choosing the bike over the vehicle in this cold ass country. I don't think we can extend what you did to the majority of the population, but if you like the idea of baby steps (ie whoever actually can do that, to do so), it would help a lot of people in the long run.
LDRinbrampton 2 years ago
100 sq.m. for 30 thou. And some thought I got ripped off;) (by at least 10). In the area I chose - to fit req. of quality of life, edu., work and prices - they still range from 10 thousand (half-renovated, out in the wild, 6 thou at the time, in 1996!) to 250-300 thousand (monsters by the beach). And nowadays there are sites like bytheowner for Canada, for the minority (can also recommend southern NZ). As you say, the maj. probably not into starving and foregoing for years still, it's no picnic.
fjslfhalfhkdjfh 2 years ago
Wow that's new to me. For anyone looking to buy a home where i live, southern ontario - greater toronto area - anyone looking to buy a home is looking at 250,000 minimal. But the homes are much larger than 100 sq m. It could be true that society has gotten an unreasonable expectation on what type of home to live in. Our houses may be just too big and expensive. But the problem is homes are expensive in Toronto. And still expensive as you travel outside of Tor into suburbia.
LDRinbrampton 2 years ago
@LDRinbrampton Of course you can live without a car! When my job moved to a different city, I moved as well. Even though I liked my old place, to have stayed there, then complain that I can't live without a car would have just been stupid.
flics85 1 year ago
@LDRinbrampton Buying a car on cash is easy. I have bought a used car before. It's called discipline.
imhotep1 1 year ago
I thought I wouldn't have to pay my mortgage cause Obama is president now...
IvanPetrenko 2 years ago
Give it some time, Obama has promised "radical transformation of America". We've only begun...
raygunsben 2 years ago
Banks give out stupid loans so that the y get payments from you for awhile and then when you can't pay they take the house back and you get nothing. How come the bank doesn't give some of the money back? Because they're crooks.
Mrpantymelt 2 years ago
i dont get it, why did they live in kellyville
10 minutes away in blacktown you can get a house for half the price
oh to snobby for blacktown ah, kids go pray to god that we dont have to live in blacktown with the rest of the commoners
nervs777 2 years ago
The thing is the system encourages debt so if you actually don't want to spend or get debt you are in a way forced to because everything is becoming so expense.
coasteys 2 years ago 3
Money is debt. Watch "Money as Debt" on google video or Youtube. Contact me if you can't find it.
raygunsben 2 years ago 18
I'm in debt!...Cause of my stupid fuckin wife..lol..oh well
navyseal100 2 years ago 3
Lol, it is common for women to drive men in debt, I have heard of it so many times... Not all.
luc59457 2 years ago
buy the cd? WTF? ya right buddy
creedstat 2 years ago 3
LOL
navyseal100 2 years ago
because they keep giving it to us? not good enough of an answer i feel no pity for these borrowers who spend borrow spend borrow you dug your hole now you will lie in it!
creedstat 2 years ago 3
ur mean....i wanna fuck a bitch
navyseal100 2 years ago
Owned. lmfao.
MauledProductions 2 years ago
Well, consumer culture is to blame for this. In Australia, in New Zealand, in a Slovakia, in USA, in Canada and even in Mexico and Argentina... Wonder why those countries have people who are deeply in debt and those countries themselves are in debt?
Well... Consumer culture.... My heart goes out to them.
Bozewani 2 years ago
well, alberta has the consumer culture too, but I guess we have trillions of barrels of oil that works nicely.
albertaforalbertans 2 years ago
ya and trillions and trillions of barrels of polution...great solution
creedstat 2 years ago 3
They even have a pool. wow maybe they even have a boat.
jinjin16 2 years ago
Yo do you people see that friggin Advertisment beside the video? TALK ABOUT IRONY!! LOL... HEre you have a video about debt,, and there you have an ad . telling you to borrow more money! Hahaha..... only on youtube. cud this happen lol
MCdmac 2 years ago
islam is beautiful
belakziz1 2 years ago
People should only buy what they can afford and use their brain if they have one to begin with. Look at the kind of house they have! the guy is a construction worker and he has a house fit for an executive VP. What were they thinking. The banker in the video has a much more modest house so that is why he is not in the same jam the other people are. The people in debt brought it on themselves.
continentalmilitaria 2 years ago 3
I agree, the only people who should complain are people who are in debt to hospitals or student loans.
timetraveler3797 2 years ago
Yes you are right hospital bills and student loans are not from greed and are a necessity.
continentalmilitaria 2 years ago
Utter rubbish! The immoral, greed driven investment bubble in residential property is to blame. It has forced the cost of housing to unprecedented highs and has forced people with families to city fringes and in to massive mortgages. You can't raise kids in a modest flat. Unfortunately, a modest flat today costs the same as decent house did 15 years ago. Don't blame the victims, its immoral and incorrect!
ads998 2 years ago
Greed driven, the people wanting the large house with the pool and terrace was greed in itself. They had widder eyes than common sence. Yes housingcost have gone up but so has income. What when up the most is peoples expectations from life. The smart people can go and the the big house now because they are cheaper. Face it those people were just not too bright.
continentalmilitaria 2 years ago 2
What a load of rubbish! Sure incomes have increased. But in the 1970's the average mortgage value was just on 3 years of average income. Today, an average mortgage is 7 to 8 years of average income. And I think people in the 1970's were just as wide eyed when buying a house as anyone today. Since when was wanting to own a house a 'greed driven' decision? Wanting to invest and own several houses is most certainly greed driven! I think you suffer from a disgraceful case of schadenfreude!
ads998 2 years ago
Let me tell you this when I was saying to people now is not a good time to buy property since we are at a crest of an economic expansion that is always followed by a recession. What do you think their response was, they told me that I do not know what I was talking about and that I have dumb theories. I invested in my business so when the recession came it could survive. Their case is a classic. A FOOL AND HIS MONEY ARE SOON PARTED.
continentalmilitaria 2 years ago
I can't even make sense of your inarticulate drivel in this post! Don't lecture me on fools.
ads998 2 years ago
The average size of a home has increased since that time as well. I used to work in building contracting. When I worked in car financing I saw first hand how people wanted likle heck to buy a car that represended a year of their earnings or more. As for "schadenfreude" I do not take pleasure in peoples suffering. I just do not agree that we should feel sorry for them. They made a bad decision and they try to blame it on the bank and the business community.
continentalmilitaria 2 years ago
You are full of shit mate
I live in an average suburb in Sydney in an average sized house when my parent got it about 23 years ago it took them 5 years to pay it off outright (they are not rich or anything either)
But today if I wanted to buy a similar house it would take 30 years to pay it off
You can't dribble, you can only look at the FACTS
Mollarooza 1 year ago
I agree with you 100% mate.
These morns are added to the problem by agreeing to pay these stupid amunt, they get their deserts!
They priced me out of a house because I refuse to be a sheep so they tries to make me worse off, so suck it up all you mega mortgage mugs
Mollarooza 1 year ago
If a person suffers from something completely unavoidable and not their fault they will get my sympathy. If it is their own doing they should clean up their own mess. You have to work your way to afluence not buy your way into it. Plus you have to use your head before any choice you make. If you fall you have to pull yourself back up not try to find the blame somewhere else. You suffer from a serious case of bleeding heart liberalism.
continentalmilitaria 2 years ago
Did you actually watch the story?? It was on predatory lending by large institutional banks! Are you seriously defending this? Do you believe in unregulated lending? Do you not think there's a substantial moral deliquency in the actions of these lenders? Frankly, I'd rather be labelled a bleeding heart than a heartless defender of immoral corporate practices by greed driven lenders!
ads998 2 years ago 2
It all started when the people got themselves into a house that was too big for their budget. How can a floor layer expect to live in that kind of a house. A gerneration ago they would be in a 3 br bungalow. Yes some institition have predated on them and they sighed things they do not understand. They were not too bright. In history the stupid have always been punished more that the guilty.
continentalmilitaria 2 years ago
So you apply a punitive approach to gullibility and not to institutional exploitation? Sure, blame the weak and uninformed for their intellectual shortcomings, but why not deride the expoitation of such people? To imply that simple people warrant their own ruin for failing to detect that they were being exploited by large, trusted national institutions is strange!
ads998 2 years ago 2
We gave the customer plenty of chances. we even suggested he sell some of the assets but he did not. Our patience simply ran out and it was waisting our time.
continentalmilitaria 2 years ago
Foor laying contractors earn great money as the work takes it toll on the body. Back injuries are common place due to the constant lifting bending and repetitive motions. That is why such people are taken on as contractors. Compensation claims and high insurance premiums make it impossible to take them on as employees.
ChrisPCrunchy 2 years ago
Look I have dealt with people that do not pay when they should for several years. They get into those problems through bad money management 9 times out of 10. For those that hit bad luck I have mercy for and try to help them. When a bank jerks me around I do not take it. I changed banks a few time until I landed on a real good one. You still have to know what you are signing. If you do not like it go to another bank.
continentalmilitaria 2 years ago
Oh and this rubbishy myth about 'voting with your feet' and switching banks won't cut it either. Australia has one of the most concentrated banking systems in world. Even the IMF has described our banking system as collusionary and uncompetative.
ads998 2 years ago
I believe you have a concentrated banking system many countries do. Then you need to change your laws to amend it. People all over the world are irresponsable with their money, they have to change their habits. Yes the banks were predatory. The laws cannot always protect the uninformed. Remember that the banks lost a lot of money as well and good for them too. The gov. should not bail out the banks but let them fall as a warning to others. If laws are needed then put them on the books.
continentalmilitaria 2 years ago
In the USA your home is never really yours. Because you can pay it in full after a 30 year term, but if you don't pay the anual taxes for let say 2 years you loose your home. Its not fair.
gerry1976 2 years ago
Thats why I rent a house. Let the landlord pay the taxes. People who though that Real Estate was the road to riches could not do simple math.
LeftLiberalSoCal 2 years ago
HANG ALL BANKSTERS --
No NWO!
jackinla8 2 years ago
why don't these guys move back with their parents??
flagship21 2 years ago 3
Its the great Australian pride. People see it as being weak and un-independent.
jinjin16 2 years ago
i've never seen people scrub so hard before getting kicked out of a house --
they knew the cameras were on!!!
(usually homes are trashed)
jackinla8 2 years ago 4
leave the house dirty.... what else do they have to lose ...? good grief.....
hypemuch 3 years ago 4
I would have been so upset....
I would have moved (since I am being forced) and left that place as is....
jackies35 3 years ago
Another sad sack story. Quit blaming everyone else for your stupidity.
KCSteak 3 years ago 5
This has been flagged as spam show
theres a idea called the McLaurine plan which consist of rolling everyones credit score back up to 680 and people who have good credit gets AAA or a bonus reward of some kind... I'm not a expert just want to see what the real expert like your self think of such a plan.
mindmunk111 3 years ago
The money is phony! but the assets are real, use the bank as your bitch. They can't jail you for bankruptcy!! After the period the banks will be glad to lend again, as this is the trigger to create new money! To bad for the banks,.. they wanted no gold or silver backing their paper.
You Aussies are good people, but you need to burn down a few banks to make your point.
strata1972 3 years ago
do this (only in America): As a young or old person borrow and get as many credit cards as possible. Get cash advancements on the credit cards and as much goodies as you can. Pay the best you can for the two years, the required time before filing bankruptcy. Hide the assets (not in a bank fool) Hide the property (storage under a different name) File bankruptcy! if they ask claim you sold all preoperty to pay the cards. For 7 years you will have the money and the property while your default fades
strata1972 3 years ago
out-scam the banksters, good one!
jackinla8 2 years ago
This has been flagged as spam show
arabs is fucking assholes and need too be extinct but jews are very cool and nice people god bless them :D
ghostriderblack89 3 years ago
Me personaly I love credit cards I look at them as a stream of income big loans big debt
i like that free money
neanam 3 years ago
I think that people need to take responsibility for their own decisions, there are guns available, i dont get them, there is debt available, i dont do that either.
Stop trying to live the life that media and modern society imposes on you and make your own decisions about your life.
silverside2007 3 years ago 2
silverside2007: I have always lived debt
free too so i could sleep at night! but i'll
tell you something, the economic collapse
is creating a lot of poor desperate people
so buying a gun for self-protection is wise.
jackinla8 2 years ago 5
I'm buying one soon as well.
SpeedingStudent 2 years ago
@jackinla8 If there is an economic collapse, a gun will not help you. It will perhaps give you the illusion of security, but you certainly won't be protected from the masses of desperate people.
flics85 1 year ago
@flics85
It won't protect you from the gov't that has bigger guns and batons, either.
RedFlower26 1 year ago
the worst of all is that the goverment is bailing out billions of dollars to help the same people who caused all this mess...but the way i see it, all that bailout crap is nothing more than a well organized plan so that the gov. can take control of all of those banks or should i say will take control of our debts...billions and billions! funny stuff i'm wondering if the feds. have enough gold and silver to back up all of those insanes ammounts of money. worthless green paper
asdercks 3 years ago
The gold standard was removed by all governments and is now replaced by the fiat system, this means that the money is worth what the govt declares it is worth - it is not backed by any assets.
silverside2007 2 years ago 3
actually now you might be able to argue that it's backed by Credit Default Obligations.
Wcoltd 2 years ago
Wcoltd you may mean Collateralized Debt Obligations?
Xapthy 2 years ago
Yeah, you're right Collateralized Debt Obligations
Wcoltd 2 years ago
We live in a time where the majority of people on this planet are slaves or serfs.
Slavery in this day and age is called human trafficking. The lower middle class have become surfs. Working to pay off the toaster so they can have toast in the morning before they go to work so that they can pay off the toaster!
shafaq007 3 years ago 5
Notice wealthy liberals like Bono, Warren Buffett and George Soros never step in to help people these families. I've heard Buffett whine that he doesn't "pay enough in income taxes" on more than one occasion.
zupf 3 years ago
Buffet is giving many BILLIONS of dollars to charity. what have you done?
everst 3 years ago
Buffet gives practically all his money to charity, most to the Bill and Melinda Gates Foundation.
noraklagrangian 3 years ago
These men made their fortunes. They didn't take it from anyone. Plus they give a lot of money to charity. If these men were to put all their money together and give it away, they wouldn't make a dent in this problem. The system is corrupt.
Eball06 3 years ago
I lost my faith to the U S Govt. My 401k is really down now and I am worried everyday. Look like depression is on the way. Or I am already depressed financially.
pimpolee 3 years ago
buy gold then?
AM429 3 years ago
to pimpolee: if you are not going to retire for 5+ years I would not be overly concerned about your 401K. If you are not going to retire for 10+ years, I would not be worried "at all".
inkey2 3 years ago
Same shit is happing in America. You should all see the homeless blocks of people in California. Living out of cars, under tarps, and card board boxes. This shit is despicable. We should all wage war against the fucking Bankers.Fuck the Bankers. Give these people back their home.
ResearchX 3 years ago
another bailout in the works as part of that package, Pelosi wants to resurrect a $61 billion House-passed measure that included about $37 billion in public works spending, $6 billion to extend jobless benefits, $15 billion to help states pay their Medicaid bills and $3 billion in food stamp assistance for the poor. does anyone see a problem with this i am agianst bailouts but look how they are willing to help the poor people and yet give $700 billion to the rich crooks on wall street.
rumpelstillskin65 3 years ago
House Speaker Nancy Pelosi of California and fellow congressional Democrats are pushing a package that could cost as much as $150 billion or more. when are they going to stop they stold 700 billion and thats not enough lets just keep it on the roll WAKE UP PEOPLE
rumpelstillskin65 3 years ago
wall street bailout find out who your congressman/senators are vote them out get a sign for who is running agianst them put it in your yard vote these crooks out of office and dont forget OBAMA / MCCAIN WHO BOTH VOTED FOR IT(VOTE NADER) wages yes for the people NO for congress vote NO new world order, NO cfr, NO war, NO illuminati, NO fema camps. tired of the lies year after year they dont do crap for the people when they get in office. enough is enough stand up and say NO VOTE THIRD PARTY
rumpelstillskin65 3 years ago
if anyone hears anything about a debt land swap for america i wanna know ASAP..go watch iron mountain blueprint for tyranny
dellsprospects22 3 years ago
"Debt Land Down Under"
Asians are buying up Australia and eventually colonized by Asians
tacotony24 3 years ago
where is the dad in all this?
Leta589 3 years ago
I don't feel sorry for her and husband, they had a choice to live by their means instead they go on poking and blaiming the greedy banks/creditors.
yis2 3 years ago
The Banks where I live always send me Credit cards and loan offers, funny thing is I don't need no stinken credit. I'm not desperate for money. I ripped them up and throw in the trash. Never been debt my whole life and my parents are not in debt either.
You what we did when I was growing up and had no money but need food? Starved for a few days and rided it out, we didn't put $200 on a credit card. Ya I live in canada.
12643 3 years ago
What the hell is wrong with people?!
Don't borrow more than you can afford.
Don't spend more than you earn.
Gah.
Saiyne 3 years ago 3
Where you from? I am Canadian, its more reserved about credit here than the US or OZ. I am a big economics geek, but oh well, i only have my student loan to pay off lol
mard420 3 years ago
Yeah. But not millions of dollar borrowed for more house than you need.
Saiyne 3 years ago
iT'S AMZING THAT A COUNTRY FOUNDED BY BRITTISH PRISIONERS EVEN MADE IT THIS FAR...SORRY FOR CAPS LOCK..I LOVE AUSSIES!!!!
balla3310 3 years ago
At the end of day the real suckers or ones in debt are the banks. Think about that one.
12643 3 years ago
Its true. No better example than the current economic meltdown in America.
identikal 3 years ago 2
"F" em - i lived like that because i didn't borrow and it was just as hard. i lived like that sense 2001. I'm poor but don't owe nothing.
a bunch of thiefs... they knew what they were doing. or are all aussiez that stupid?
T6S666 3 years ago
The new world order is being imposed on you, weather or not you want it to. Governed by Rockfeller, Rothchild, CFR, Bilderberg.
Its so currupt and minipulated that "THERE IS NO LAW THAT REQUIRES YOU TO PAY TAX IN USA!"
Search google for ZEITGEIST THE MOVIE
It's unfair business, unfair stories, unfair explanations. Playing God, knowing their plans for us
. Knowing where we are going, while we dont. It isnt nessesary, we dont need a new world
order. WAKE THE **** UP and spread the word!
kylecorreia 3 years ago
Mard420 said it right. The house looks a bit luxurious for a one-earner family. Get credit for necessities and pay cash for luxuries. They should have bought a more modest house.
giveabighand 3 years ago 2
Exactly they are living beyond there means, her standing there shining her luxury stove.
they can't afford it. They bought it with money they don't have, then turn around and say there screwed by debt. damn people are stupid.
Don't live beyond your means. Simply put. :)
12643 3 years ago 2
Yes. Some people are stupid, then blame it on other people.
Saiyne 3 years ago
Debt-Depending society is the modern way of slaves-masters order
This is how the system work: we loan money to afford a house they give as much as we won't and artificially raise the price of the houses so we need to loan more, and so on...
I glad those banks worker paid for they collaborating, but sadly the real criminal still travelling in their private planes and ask the tax-payers to help them get even reacher
2JcS2 3 years ago
I agree with you totally
ikwere 3 years ago
you are right about that
RepublikaTwo 3 years ago
their house is a mansion, I feel bad for them, but lots of people are living like 18th century aristocracy and now we are all paying for it. only necessities should be bought with credit, any frivolties, luxuries, should be bought with cash
mard420 3 years ago 2
Yeah. Our house isn't that big, and we PAID for it, with actual money.
Saiyne 3 years ago
Leftliberal is right. There is so much he is not saying, but I think he knows exactly what is going on, just as I do. Things are going to get much worse everywhere. It's just a matter of time. In America the ruler is the Federal Reserve Bank. Make no mistake about it. Many of us here know exactly what is going on. America has been sold out by it's leaders. The politicians here are greedy and ruthless. I surely don't have the answer though. I'm just an old man waiting for his time to go.
buddybleau 3 years ago