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JackHeape commented on the blog post Obama Disapproval Hits New High
Who cares? The guy deserves to lose big time. He has failed to keep any of his campaign promises, and has turned out to be nothing but a corporatist. The guy is worse than Bush for crying out loud.
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JackHeape commented on the diary post I Just Found 29 Million Jobs by David Swanson.
Re: Ron Paul. He definitely is not a “no compromise person”. For instance, lets take the latest flap created by the media over his remarks on FEMA, that “we should return to 1900″. Yes Paul did say that, but the remark was taken out of context. What he meant was that we have to stop [...]
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JackHeape commented on the blog post Obama Losing Base Enthusiasm and Possibly Millions Worth of Free Labor
Never mind the not volunteering aspect of your conclusion. What about the ones like me that just are not going to vote? I certainly will not vote for Obama. Why would anyone? He has lied about everything he said he was going to do as a candidate. He has not kept one campaign promise. In fact he is worse than Bush. At least Bush was honest about where he was coming from. Obama is a shill for the corporations and the banker’s water boy.
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JackHeape commented on the blog post US Debt Ratio Similar to Private Companies Like GE
This argument is fallacious for another reason. You cannot compare the two because because a company’s debt is 99% of the time used to purchase or construct a productive asset, and said asset will have been analyzed to ensure that it will be able to pay off the debt. The government debt is used to make transfer payments or to buy military hardware that will NOT in any way be able to recoup the expenditure made to purchase it. The pay back of debt will have to be made from collected taxes. This causes a double whammy. You are confiscating funds that would be otherwise be available for productive investment AND incurring a debt that in many cases has a dubious beneficial purpose.
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JackHeape commented on the blog post Treasury’s Michael Barr Assures World on Fixing Foreclosure Fraud
“Securitization professionals tell me that someone who was competent would not be capable of spending five, much the less eight hours on a loan file.”
As a prior mortgage professional with over 10 years experience in both the retail and wholesale arms of the business, I can tell you that a competent mortgage professional can look at a loan file and tell you in 5 minutes if anything is wrong with it. The 8 hours is an absolute joke, or a lie. These files for the most part contain the same documents, in the same order. It might take a little longer to compare all of the numbers and dates, say 15 minutes. An underwriter (the individual who approves the loan) spends generally about 30 minutes on a complete loan file and that is looking at it in depth.
