What is Digg?Sponsored by Best Buy
The camera starts rolling on Best Buy holiday campaign. view!
www.youtube.com/bestbuy - A behind the scenes look at one employee's singing debut.
101 Comments
- mrcaulfield, on 11/21/2008, -4/+65How thoughtful.
Doesn't quite compensate for the whole "we're corrupt and we bought out a few congressmen" thing though.
The real question now is...Will they foreclose on people come January? - Autodidaddict, on 11/21/2008, -1/+29"Will they foreclose on people come January?"
You bet your ass they will - inactive, on 11/21/2008, -6/+31Do I get free rent for 3 months?
No, so ***** these financially irresponsible *****. - Clinojim, on 11/21/2008, -9/+32I rent, can I get a handout too please?
- borez, on 11/21/2008, -8/+23How about suspending the bonuses of anybody involved in credit default swaps, and then distribute the wealth among the people who need to keep a roof over their heads.
- antonio97b, on 11/22/2008, -4/+19how about they pay for their ***** homes? No one twisted their arm into signing a mortgage they knew they couldn't afford.
I know I'll get dugg down but ***** it.
I just hate my responsible tax dollars going to them. The sooner they get kicked out the sooner a responsible family can move in and start making payments. - Autodidaddict, on 11/21/2008, -2/+17I voted for Obama and support around 86% of his proposed policies.
Yes, suspending bonuses for the top executives of many of the large financial services firms and banks is a great idea.
Redistributing them to random ***** who don't pay their mortgages (whether they are the victims of predatory loaning practices or not) doesn't solve any of the problems at hand. - getoffmybridge, on 05/05/2009, -1/+15January 2nd: GTFO!
- shaka776, on 11/21/2008, -0/+12Probably because all their employees are taking the holidays off as vacation and they don't want to put a crimp in their luxury ski vacations...
- trollick, on 11/21/2008, -0/+11And why exactly they are allowed to keep staff they cannot afford?
- scabbers, on 11/22/2008, -2/+11They're trying to act like it's some humane gesture, but the reality is they just don't want to bad PR of throwing people out at xmas.
- Y0tsuya, on 11/22/2008, -4/+13I'd also like to live in a house for free. From what I heard some of these losers haven't paid their mortgages in a year. I on the other hand, like a chump, dutifully paid my monthly nut. Where can I get me some of that sweet, sweet taxpayer bailout money?
- ElGubrush, on 11/21/2008, -0/+8Celebrate for now, but this January, the christmas tree won't be the only thing out on the curb.
- Autodidaddict, on 11/22/2008, -0/+8explain this "reading the article" concept in which you speak of....
- megaton, on 11/21/2008, -0/+7It's not really a question if one reads the article.
- inactive, on 11/21/2008, -0/+7And what will happens after the holiday season? GTFO?
- Y0tsuya, on 11/22/2008, -0/+7If your landlord is being foreclosed on, that means for the past few months he/she has been taking your rent money, pocketing it, and not paying his mortgage. He/she's a crook and there's nothing you can do except to find an honest landlord to rent from.
- BESTenemy, on 11/22/2008, -0/+6 You know what they're doing? They're trying to lower the official number of "served notices of eviction" to make it appear as if the housing market was stabilizing.
Holiday season? This has nothing to do with the holidays. They've put a giant plastic wrapper over the fan so that the ***** would not hit it till Obama got officially sworn into the office. They're paving the way for Bush's staff departure. They're arranging for safe passage of Helicopter Ben and Bazooka Paulson out of the country.
They're keeping bad loans off banks books to prevent further bank runs and bankruptcies.
Doing what they do best - delaying the inevitable. No game plan. No solution. Just stalling for time. - aolshove, on 11/22/2008, -1/+7FTA: "The companies said they are taking the step so they can include more people in a newly announced program to change the terms of troubled mortgages to make them more affordable."
Corruption and general negativity aside, it sounds like this might help the homeowners in the longer term. - Egoist, on 11/22/2008, -0/+6You have no idea what Fannie Mae and Freddie Mac do, do you.
- trollick, on 11/22/2008, -1/+7So, my tax money will be used to keep some ***** in a home he cannot afford, thus keeping housing prices artificially inflated so that I would not be able to buy a house myself? That's a great news.
- dt40, on 11/22/2008, -0/+6It used to be known as "providing affordable housing."
Now it is called "predatory lending." - Barackalypse, on 11/22/2008, -2/+7Keeping people in homes they never should have been able to purchase in the first place.
- santiago1, on 11/21/2008, -0/+5 With even more of a vengeance because of the interest on the loans lost during the holiday!
- Akairenn, on 11/22/2008, -1/+6On one hand, ***** these people. I mean that. I truly do. Because you know what? Three years ago when I could barely afford to put Ramen on the table, you know what I didn't do? I didn't run over to a bank and get a mortgage I couldn't possibly afford if anything even remotely bad were to happen.
On the other hand, as I've a very small amount of FNM shares, awesome. Hopefully at least a good percentage of these deadbeats can be restructured and not have to be written off as a mostly complete loss. Having the fiscally insane remain in their homes and making even lesser payments is probably a damned sight better than having a bunch of empty houses sitting on an already flooded market. - m0tbaillie, on 11/22/2008, -0/+5It's also not fiscally or morally responsible as a lending institution to knowingly offer people loans that you know there is a slim, slim chance they will able be able make payments on. Believe it or not, it is a law that corporations have to act in good faith and in the best interests of consumers or they are subject to regulations.
- peaceninja, on 11/22/2008, -2/+7dont know why you are getting dugg down, i personally i wouldnt mind the opportunity to renegotiate the terms of my rent but then again i didnt rent an apartment that is beyond my means and subsequently am living in a *****
- antonio97b, on 11/22/2008, -0/+4Right.
- sirbeta, on 11/21/2008, -1/+5It's a nice gesture but really what is the point in this? They're not helping the people who are losing their homes. They'll just lose them in January. Then where will they be? I think I'd still be pretty heartbroken even if I got to spend one last Christmas in my home, just anticipating the moment when I get thrown to the curb.
- ahjkl67435, on 11/21/2008, -0/+4i see theyre getting into the holiday spirit
- NonLeftistDiggr, on 11/22/2008, -0/+4I haven't bought a house in cali because I couldn't afford it on an engineer's salary, now the market is trying to correct itself and those in the same position as I am are left saying WTF?! Call me an *****, I don't care, figuring out if you can afford to buy a house is a pretty critical decision to ***** up. Anybody who got in to a house they couldn't afford thinking they would flip it before their ARM was up, that was a ridiculously risky gamble whose loss doesn't justify being bailed out.
- dreicher, on 11/22/2008, -0/+4They're all excited, they just got a new, pre-approved TaxPayer Plutonium Card in the mail and want to take if for a spin.
- puppeto, on 11/21/2008, -0/+4Hope you had a great Christmas.... now get the ***** out!
- Flashtone, on 11/22/2008, -0/+3The cake is a lie man.
- inactive, on 11/22/2008, -0/+3Somommabitch!
- NonLeftistDiggr, on 11/22/2008, -1/+4with this suspension, or with corrupting Fannie and Freddy in the first place to push home loans on people who had no means to pay for a house, and on top of that scoffing when it was suggested to them 4 years ago that fanny/freddy need serious reform?
- NateTheApe21, on 11/22/2008, -1/+4they do this every year, this year they can make some good PR off of it
- ousthouse, on 11/22/2008, -4/+7It's not ok to take out a loan and not make the payments.
- smashblu, on 11/22/2008, -0/+3Sonoma Beach
- 4eloBek, on 11/22/2008, -0/+3i dont see the point for some paying 500k for house worth 200k, better get evicted then riped off.
- antonio97b, on 11/22/2008, -0/+3How about you make the payments before you buy the tree.
- Barackalypse, on 11/22/2008, -2/+4Thanks indeed, lets see what Barney had to say about Freddie Mac back in 2003 when resisting calls for stricter regulation:
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
http://query.nytimes.com/gst/fullpage.html?res=9E0 ...
Thats almost as bad as saying there were WMD's in Iraq, at least that statement belief is still remotely possible. - trollick, on 11/22/2008, -0/+2Irrelevant. I don't care if it's a medical or gambling problem. It has nothing to do with a simple fact that they cannot afford their house.
- suprememilo, on 11/22/2008, -0/+2Isn't it in their best interest to not kick people out of their homes in most cases if they can make at least most of the payments? For some really basic math we can see that if someone misses an entire year of payments on a $200,000 mortgage over 20 years, that's just $10,000, but if they evict them, and the home + equity is worth less than $190,000 wouldn't it be in the bank's best interest to let them keep the house?
- 55mph, on 11/22/2008, -0/+2let them enjoy one last glimpse of the american dream during christmas and then kick em to the curb.
- chewyfett, on 11/22/2008, -1/+3Just an FYI to everyone on here who lives in a bubble...
Not everyone that is facing foreclosure is due to getting a mortgage product they cannot afford (i.e., arm, interest only, etc...) Some people just run into bad times like, medical emergencies, layoffs, things that change their financial situation drastically from what is was when they purchased their home and could have NEVER foreseen or planned for.
So, next time you want to bitch because you rent or think foreclosures only happen to greedy, materialistic schmucks; try to think outside of age old stereotypes and be thoughtful of your fellow citizens... - Barackalypse, on 11/22/2008, -1/+3How about we take the money from Congress, they've personally got at least a couple billion dollars between them, and they're the ones who had oversight responsibility over Fannie Mae and Freddie Mac. There are warnings about sub-prime lending going back to 1999, even Bush himself was seeking additional oversight on these institutions back in 2003. And instead of giving it to people that need a roof over their heads, how about we give it to the responsible taxpayers who didn't take out irresponsible loans and whose only need from the Government is to be left alone?
- vault, on 11/24/2008, -0/+1FNM shareholder? You have my sympathies.
- inactive, on 11/22/2008, -0/+2this Christmas is gonna suck anyway, I won't be getting that 22 inch LCD I've been desperately salivating for...
-
Show 51 - 100 of 106 discussions
© Digg Inc. 2009
— Content created and posted by Digg users is