Mar 31 2008
Hear That Smashing Sound?
…that’s the sound of me punching my monitor.
Main page of CNN. One of the neverending profiles of “Everyday folks tell[ing] their stories about hard economic times.”
Kent and Mysti Cope met and fell in love working for one of the nation’s top subprime lenders. Now, their life has been turned upside down after the sudden implosion of the subprime mortgage industry. … The two didn’t say exactly how much money they made at their last jobs but Kent admitted they each had six-figure incomes.
Their home equity line, mortgage, health and life insurance premiums alone cost about $10,000 a month.
Goodie! A mortgage AND a home equity line! All at a low-low price of $10,000 a month. Too bad Mysti (what a name) lost her job last May and the hubby in August.
On the bright side, they are making adjustments to their lifestyles:
Despite their financial problems, the Copes have worked hard to protect their credit rating, staying current on bills. And they’ve made cutbacks: trading in Kent’s Corvette for a Suburban and getting rid of the gardener, for example. But the couple also has learned that it didn’t need everything it used to spend money on.
At that point I just stopped reading.
5 Responses to “Hear That Smashing Sound?”
Really, what the fuck is CNN trying to accomplish with this? Why would I give a shit about some bozos who had to “downsize” from one gas guzzler to another? Here’s an idea: Downsize to a fucking Echo.
It’s like telling me to care that Mister Burns has to wipe his ass with $50s instead of $100s.
Here’s my violin. Let me play it for you.
What the hell? Oh, I’m so tired of the “Ah benito… blah blah blah
Oooohhhses poor little o-me. I got myself into this mess and now I want you to get me out. WTF.
No one helped me when I needed help the most and I was not in that much debt (maybe at most 2k or 5k). All I asked for was a job at the time so that I would get myself out of debt
which I did. And I’ve kept myself debtfree ever since.
Damn it, when will people take responsibilities for their own actions!!!!! No one put a knife at you to buy that SUPER BIG —whatever—. If you can’t afford it — GUESS WHAT? Don’t buy it. That simiple.
Glad to see that the folks at Fark were just as annoyed as I was:
http://forums.fark.com/cgi/fark/comments.pl?IDLink=3506181
Wow…just wow. Yes, they sure do sound like “everyday folks”. Give me a freaking break. 10K a MONTH? *sigh*
And, of course, The Onion beat us to it:
http://www.theonion.com/content/node/33902