More "Go Postal" over economy (loans, expenses, foreclosure)

[Grandpa Pipes]

It was bound to happen............

"Despite ever rosier economic predictions and a surging stock market, the body count from the economic crisis is destined only to grow in the weeks and months ahead."

Economic Crisis Is Getting Bloody -- Violent Deaths Are Now Following Evictions, Foreclosures and Job Losses | Rights and Liberties | AlterNet

[HappyTexan]

It's an awakening. People who never thought they'd be in dire straights are hitting the bottom.
I think it will only get worse. I do not think we've hit bottom yet. We spent years growing bubbles and to think it's all over in 12 months is a bit too optimistic IMHO.

[Traderx]

These things happen all the time and more in tough times. Going postal isn't anything new afterall.

Some people don't handle things as well as others and I think it's safe to say they weren't they most emtionally stable guys to begin with. It's sad, but to use them as some proof of something for politically purposes is even more sad. In fact, it's downright despicable.

[wheelsup]

Anyone see "Fun with Dick and Jane"? It was a great movie, I thought it was hilarious. But the idea certainly came from somewhere.

[tallrick]

I say good for them. Eventually they will discover who profited from this mess and go after them. Many more have been hurt than took advantage of the mess. Let's hope that more vigilante justice develops as well over time.

[gardener34]

I heard on the news that 33% of the foreclosures now are from "good loans" not subprime bogus loans - just people that lost their jobs and can't find new ones. When you cannot provide for your family - people that are on the edge get pushed over.

[Shuffler]

Good loan vs Smart loan...a smart loan is one that allows you to live within your means and buy what you can afford, so that you're still able to cover it with a pay cut or job loss by cutting expenses elsewhere. That means a simpler, smaller home in most cases.

A lot of people thought they had 'good loans' and are coming to realize that they made some very dumb decisions.

My opinion is that the crux of this crisis lies in the fact that people don't know how to live beneath their means...many have bought into the myth of easy money/easy credit and buy more than they need. We've been programmed that way, thanks to the media.

This problem is nowhere close to being over....you don't overcome the aftermath of a decade or more of financial stupidity in less than 12 months. That's a 'Jiminy Cricket' perspective to just wish our ills away.

When people are desperate and in dire straits, they're not very nice to each other. Things are gonna get interesting...

[Plain Jane 3953]

This whole thing is becoming terrible sad - what a horrible combination, financial desperation and guns.

[Fat Freddy]

Makes good watching on the evening news.
Certainly a lot more interesting than lying politicians .
Or Arabs blowing each other to pieces.

[donsabi]

With the way the economy is going we will see an increase in crimes of necessity. I mean people just trying to feed their families or maybe getting a gift for a child. At my location I have read of a few of these crimes already, (one man arrested for stealing a loaf of bread), and I believe they will be on the increase. I believe that there will also be riots and looting not too far off in the future. I fully expect to see people killed over minor things. Unfortunately, the people that will be victimized will be those with the least or anything.

Recovery takes jobs and there are none and the prospect for jobs is dim to nil. Economists are predicting and continuation of housing price decline. This will increase the number of upside down mortgages and more walk-aways. Foreclosures will move up the income ladder at the same time.

We also have banks operating in a "bizarro mode." Imagine you have a widget store and you are doing a wonderful business making a good profit from fair prices. Then your sales drop off so you answer back by raising the prices of the widgets and your sales goes further into the dumper. Losing more money you decide to charge more interest to those customers who you financed by your own means. Now those people who were paying can no longer to keep up with the higher payments due to the interest so they quit paying anything at all. Now your widget store is in big trouble so you go to your Uncle Sam who says no problem I will give you the money that I collected from all your customers for other projects. Now that you have the money and your business is sound you continue to operate you business under the rules of insanity instead of good business practices. At Christmas you grab Uncle Sam's money and take a big bonus for yourself and give bonus money to your employees. Not to worry, your Uncle Sam has deep pockets.

How long before Americans go off the deep end and start copying terrorist tactics by strapping a bomb to themselves and walking into a bank and detonating it?
The violent backlash is very close.