Comments on: How To Get Billions–Yes, Billions–To Head Off Foreclosure & Buy That Flat Screen Deluxe Home Entertainment System, Too

By: JB Fox

JB Fox — Fri, 12 Dec 2008 19:19:24 +0000

Ode to Credit

Sung to the tune of “Oh little town of Bethlehem”

Goodbye my precious Visa Card

You brought me Christmas Cheer

Without your clout, I have no doubt

No gifts I’ll give this year

Your credit line allowed me

To run up bills quite large

when I was through exhausting you

I’d use my MasterCards.

2nd verse

Goodbye my precious credit line

Now nothing have I spent

I’ve lost my car, I’ve lost my job

I cannot pay the rent

My Bills are high, I just can’t pay

I want to scream and shout!

please write a check; send it to me

I need a cash Bailout!

By: Joshua Dorkin

Joshua Dorkin — Thu, 11 Dec 2008 05:51:27 +0000

You’re completely right, Jim. We Americans used to know how to make noise, but now we just use the internet to speak out. Getting people in the streets was an effective ploy throughout our history. We’re too busy blogging to do that anymore.

BTW – Credit for the post goes to Charles Feldman, the author.

By: Jim Marsh

Jim Marsh — Thu, 11 Dec 2008 04:17:07 +0000

Joshua I have to say that was a pretty damn interesting post. Too bad we as Americans could do something like this to actually pull it off. Not just the people in foreclosure either. Unfortunately it would never happen.

That is why these companies are worth billions and are asking for billions. They got the balls to actually do it.

Jim

By: Caitlyn Coyle

Caitlyn Coyle — Fri, 05 Dec 2008 11:08:39 +0000

Well, as economist John Maynard Keynes famously said, “If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.”

That’s just the way it works, folks.

By: charles

charles — Thu, 04 Dec 2008 18:24:40 +0000

Glad folks liked the post—I’m starting to work on my even bigger theory now—How to get Trillions
from your bank.
And, soon to come, How To Get Another Country To Pay YOUR Mortgage!!
I see one reply here appears to be from England…so we might as well start with that country.
If you are facing foreclosure, send an email to Parliament and demand, in no uncertain terms, that the Queen sell the Crown Jewels and hand over the cash for YOUR mortgage.
They always say we and the Brits have a “special relationship”–no time like the present to prove it!

charles’s last blog post: The Father(Bill), The Son (Barack), And, The Holy Ghost (Hillary); Obama Picks Clinton For Sec Of State. No S–t! Sherlock.

By: Mark Madsen

Mark Madsen — Thu, 04 Dec 2008 17:22:29 +0000

Funny post, but you did touch on an important lesson that we can all learn from this whole thing – Think Big.

Congress asked for $800B and got it. The auto dealers are following the same strategy knowing that they’re going to get opposition regardless of what amount they ask for. So,, they may as well start high and see what happens.

The real estate investors here at Bigger Pockets should be inspired by your article. Good job!

By: Shawn

Shawn — Thu, 04 Dec 2008 15:04:37 +0000

I think the theory can be used in one form or another. The one thing you will have to work on is keeping a group unified. I'd really like to see what would happen though. Thanks Shawn’s last blog post: Costco Wholesale Corporation Reports November Sales Results - MarketWatch