If You Could Spend One Million Dollars a Minute...

Reply #12

lottocalgal — Sun, 10 Feb 2008 16:51:36 GMT

I have to agree with you one that one. I can't tell you how many times we were told to just move that to the left when we found some kind of derogatory information. The left side of a file was where we kept information that we recieved but was NOT being sent to the investors. And yes now they are trying to Fix it by sticking it to our credit rating. Maybe in year or two things will turn around, but Im out! I dont know where i'll be but mortgage is not it. So, I will have to win the lottery so I... [ More ]

Reply #11

four4me — Sun, 10 Feb 2008 16:33:38 GMT

lottocalgal i agree with what you are saying about the workers.... but what the market was all about was banking institutions making big bucks on wall street. They manipulated the stock market and caused a recession.

The banks allowed the loans to go through not the workers it was the ceo's of the banks who are at fault.

Now they are looking for ways to fix the problem by putting higher interest rates on unsuspecting customers credit reports.

When the feds continuously lowered the prime... [ More ]

Reply #10

lottocalgal — Sun, 10 Feb 2008 16:23:47 GMT

Four,

On a whole, I agree with you, but here's the problem. Those of us on the lower end (previous Underwriter) tried to warn them. i even got pulled into my bosses office because i refused to approve a deal I knew was bull. 100% STATED first time home buyer claiming $15,000 per month as a house cleaner. Of course they fit the box so I was forced to approve them even though I provided proof that the borrower wasnt even in California at the time her busines existed. Brokers and AEs would bully... [ More ]

Reply #9

four4me — Sun, 10 Feb 2008 16:04:17 GMT

I didn't want to start thread drift i even slept on it before i decided to write.

Banks created this mess by giving loans to people without financial background checks this was the biggest blunder they could have done. They usually wouldn't lend you a few thousand to buy a car without some kind of collateral. But they will lend you 100,000 -- 200,000 thousand or more to buy a house without financial statements. Give me a break.

Did you know in order to attempt to bail themselves out of thi... [ More ]

Reply #8

grengrad — Sun, 10 Feb 2008 15:12:16 GMT

Lots of people are losing their homes over this real estate crisis.

Many of these people could be keep their homes with an infusion of cash of $20,000-$30,000, which would eliminate their past due payments and cut into their future payments. If the average cost to do this was $25,000, I could help 55,000 people keep their homes, which might in the process save 7-8 billion dollars of loans from being defaulted on.

Consequently thousands of people in the real estate and banking industry woul... [ More ]

Reply #7

lottocalgal — Sun, 10 Feb 2008 13:46:27 GMT

Hey Justexploring,

I agree ,way too many to list. We are not in the greatest shape right now; even the lumber market has suffered and the car dealerships. Its a serious domino affect on us all.

Reply #6

justxploring — Sun, 10 Feb 2008 07:53:47 GMT

Not selfish at all, lottocalgal. Lots of people are being affected, not just the mortgage business. I sold furniture for years and many stores have gone out of business here in the past 2 years. A large jewelry store is shutting its doors here too. Then there are the construction workers who are all out of a job.....and the list goes on.

I agree with Maddog and Pac. I would want to give it to the children, but I also would like to help animals. Since there is a time limit, I think I might jus... [ More ]

Reply #5

Yaddamean — Sun, 10 Feb 2008 06:45:03 GMT

the first hour, 60 mill, would go into my bank account.

The rest, will go to solve problems the world faces. Homelesness, starving kids, countries in poverty, theirs too many to name.

Reply #4

MADDOG10 — Sun, 10 Feb 2008 01:46:55 GMT

I would help those workers also, but the rest would go to St.Judes Hospital. Seeing the furture in the eye's of a child is worth every penny, but the icing would be to see them smile in two years from now...

Reply #3

lottocalgal — Sun, 10 Feb 2008 01:27:43 GMT

Maybe this is kinds selfish, but I'd give money to the mortgage/ credit companies with the strict condition that they MUST hire back all the employees that had been affected by the mortgage decline. They must employ these people for at least 2 years. The money would be given only for the salaries of those people, ( plus some kind of bonus for doing so, God forbid companies do it because its the right thing to do) but those people would have to continue their original lifestyles ( spending and al... [ More ]

Reply #2

pacattack05 — Sun, 10 Feb 2008 01:03:21 GMT

I'd donate the rest to a charity like the ones who help children with incurable cancer. The one I hear all the time on tv. Kids in my opinion are the worst victims because they don't really understand the world around them. They don't know why they have to have chemo, losing their hair and dignity, even they might not know what that really means. They're not stupid. However, I do know that kids have a certain insight to this world that's always amazing to me. They are resiliant (spelling?), as f... [ More ]

Reply #1

LuckyLilly — Sat, 09 Feb 2008 23:58:13 GMT

I'd spend the rest to help New Orleans rebuild and recover its former glory.

I saw a program a couple months ago that suggested NO is under martial law, that the National Guard is providing policing and security. If that's true, that's an unacceptable situation. They need help

If You Could Spend One Million Dollars a Minute...

Greg — Sat, 09 Feb 2008 23:28:20 GMT

We are currently spending $1,000,000 a minute on the war.

Here's the (imaginary) deal:

For 24-hours, you will be given $1,000,000 a minute to spend.

You can ONLY spend the FIRST hour ($60,000,000) on yourself, your family, friends, and other loved ones. The word spend here can mean give to, save, etc.

However, for the OTHER 23 hours, who or what would you spend the money on?

If my calculations are correct, $60 million dollars X the remaining 23 hours = $1,380,000,000.