Karl Denninger on why you should stop paying your mortgage:
Stop Paying Your Mortgage Today - [The Market Ticker]
I love the subversiveness of this. Of course, just as Karl insists, you should only consider this if you have a “no-recourse” mortgage and can take a hit to your credit score, but it’s a great F-U to the perpetrators of this maliciousness if you can pull it off.
I think that exactly what is going on here is starting to dawn on people, especially those who pay a lot in taxes and do not receive significant handouts from the government. They’re realizing that they are paying for the mistakes of inept policy makers and corrupt businessmen who prey on the financial ignorance of the weak, that they are paying for luxurious expenses-paid retreats and “conferences” for AIG and others that needed to be bailed out.
Also, another article by Mr. Denninger on Bush and his trying to pull a fast one:
Bush - Caught Red-Handed In A Lie - [The Market Ticker]
Wake up people! The only way to stop this crap is to demand your current leaders stop allowing all of this, like when Congress initially listened to the uprising and said “No!” to the bailout, and to vote out those who do not listen. Spread the word.
January 31st, 2009 at 7:25 pm
“The only way to stop this crap is to demand..”
By what O wise one? With letters and phone calls to our elected officials?
*Pffffttt*