Monday, April 7, 2008

Negative Feedback For A Sob Story - Ain't It A Bitch?

Looks like the subjects of that CNN Money article aren't getting much sympathy in the wake of the subprime fallout. Instead of people feeling sorry for them, they seem to have garnered more than their fair share of criticism. Let's take a look, shall we?

First, we have Stu's Rusty Bucket, who has done a nice job of inserting his/her comments into the story, such as:
  • Awesome! Keeping the dream alive, a mansion on the coast…
  • This is the “we have no plan going forward” routine, also known as “we are waiting for something magical to happen and money to fall into our laps!!”
  • Awesome, they switched from a gas guzzling corvette to a.. gas guzzling huge ass SUV!
  • know!! Lets get a job selling houses.. that don’t sell in a market that is thrashing around and wallowing in its death throes! Awesome decision there Kent...just think how many sea shell necklaces and self designed bikini’s you need to sell to make that 10k minimum a month.

Ah, Stu - you are too good with words!

Here are some nuggets from 3D Commune:

  • Notice they cashed in HER 401k? He is going to skip off to Mexico with his secretary and intact 401k
  • A suburban - now THERE is an economy vehicle
  • THE INDUSTRY TARNISHED ITSELF, and you were part of it, I guess its time to get out the silver polish baby!
  • Yeah, let the government pay you to do nothing, its the American way

Free Republic has great comments as well. A sampling:

  • Sorry, they made a heck of a lot of money, and don’t have anything saved? Stupid is as stupid does.
  • So, he gave birth to the monster that ate him.He and his ilk built the castle of sand and now bitch that it's crumbling?
  • (They) need to sell the Beemer, down-size the house, take the first job they can get and begin working their way up again. And quit whining.
  • (She's) been without work since May of 2007???!!! Nobody wants her resume because it’s got subprime on it? Nobody? Not Target or the Food Lion? Gimme a break. The woman could be bringing in something and still run her jewelry and beachwear business.
  • But surely you don’t expect them to take responsibility for their own actions??

And, my personal favorite:

(Executives) in the Sub Prime and other banking fields by extension, really have no marketable skills and are grossly overpaid.

Finally, let's not forget Frugal Jim, who questions whether they should even be allowed to collect unemployment:

  • So you and I are paying unemployment for these people? We’re actually subsidizing the start up of two businesses? I always though unemployment was supposed to be for people who were actively seeking a job, but were unable to do so.

3 comments:

Baron Womb said...

i really enjoyed reading some of these other blogs!! you should link some of them to this site

i think i will send a note off to the california unemployment inssurnace office copying the original cnn article. if what that frugal jim guy is posting is correct, the copes should NOT be claiming ui benefits at the same time they are running their own self employed businesss (whether the business is making money or not)

stickin' it to the man!!!!

Anonymous said...

Here's a link to a blog where the Cope's are being torn to shreds. I ran across the blog when I googled "Mysti's Beach" These guys are brutal!

http://bubbletracking.blogspot.com/2008/04/get-your-overpriced-jewelry-here.html

Baron Womb said...

Love that last blog Lauterer!! I think it is a sign of the times that people are villifying those of us from the subprime industry and especially a family like the Copes that seemed to glorify the excess riches reaped from teh industry. I didn't read any comments on any blogs that sympathized with the Copes. I don't think this is what Kent had in mind when he agreed to do the story, nor do I think CNN Money really understands how the common man feels about a "rags-to riches-to rags" story (or whatever you want to call the piece) on the Copes is perceived by the public at large.

Some of these bloggers actually went as far as lookng up the sales price of the Copes home and displaying from public record files what they paid and what their mortgage was!!!