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I fixed it.
It's true, the Democrats wanted poor people to own homes. That doesn't mean we said give them mortgages they couldn't afford. And do Republicans want to discuss why people lost their jobs, or why things went up in price? People aren't only foreclosing because they lost their jobs. And not everyone has a mortgage that goes up and down. Even 30 year fixed mortgages are foreclosing.
And do Republicans want to discuss what led to houses dropping in value?
I just love how now, "everyone is to blame". I guess that's as close as we will ever get to an I'm sorry from the GOP.
This morning Air America was playing a tape of Bush saying in 2001 that not only did he want poor Americans to own, but he wanted them to own EXCELLENT homes.
Fact is, you can go back and read every speech Bush ever made about the economy, and McCain for that matter, and they were dead fucking wrong about everything.
Now they want 4 more years? No way!!!
McCain wants the bankers to get that $700 billion dollars, no matter what he says today. Those are his bosses after all.
Blogs are not credible sources.
She can't really tell the difference.
It's true, the Democrats wanted poor people to own homes. That doesn't mean we said give them mortgages they couldn't afford. And do Republicans want to discuss why people lost their jobs, or why things went up in price? People aren't only foreclosing because they lost their jobs. And not everyone has a mortgage that goes up and down. Even 30 year fixed mortgages are foreclosing.
And do Republicans want to discuss what led to houses dropping in value?
I just love how now, "everyone is to blame". I guess that's as close as we will ever get to an I'm sorry from the GOP.
This morning Air America was playing a tape of Bush saying in 2001 that not only did he want poor Americans to own, but he wanted them to own EXCELLENT homes.
Fact is, you can go back and read every speech Bush ever made about the economy, and McCain for that matter, and they were dead fucking wrong about everything.
Now they want 4 more years? No way!!!
McCain wants the bankers to get that $700 billion dollars, no matter what he says today. Those are his bosses after all.
Dumbshit. If they're poor, they can't afford homes. If they're unstable, they are unlikely to be able to pay off their homes.
It was a democratic ploy, and it ruined the housing market...first by causing housing prices to soar through the roof, then to crash when all those people walked away from those loans. And the banks can't recover because they were making so little from the loans because the interest rates were unusually low.
IT'S NOT ROCKET SCIENCE. Why do you think the democrats are freaking out? Why do you think there haven't been calls for investigations? BECAUSE SO MANY OF THEM WERE IN ON IT AND GOT SWEETHEART DEALS. Obama's ECONOMIC ADVISOR is one of the biggest culprits in this.
Do a little research. Pull yourself away from those junior high blogs you spend all your time and actually do google searches, using non-inflammatory words in your search, and see what you come up with.
Sorry babe, but I heard it from Bush's mouth. He wanted the POOREST people to own homes. He said HOME OWNERSHIP should be for all citizens. It restores pride in a person when they own something.
You should have heard it. It was a nice speech. Too bad he was fucking with us. He'll go to hell for sure with you and Satan.
No you said
Hence, you're a fucking idiot.
But by all means DO keep thinking this is a football game and one team can win and American won't lose if they do.
WAKE UP, FOOL!
During Bill Clinton's presidency, the democrats, including the president, pressured Freddie Mac and Fannie Mae to lower interest and provide home loans SPECIFICALLY to people who did not qualify...low income and minorities....SPECIFICALLY IMMIGRANTS. [/quote}
Show me the legislation which authorized it, then
As far as I know, Fannie Mae and Freddie Mac are private companies which were deregulated to the point that they could invent their own offerings.
All that site does is make a claim, without supporting it.
Show me the legislation which "pressured" Fannnie and Freddie to do this please.
Allie,
Do you not understand that Fannie and Freddie have been PRIVATELY OWNED CORPORATIONS since 1968?
You apparently seem to think they were controlled by the government.
Warren Buffett, the billionaire investor and long-time chairman of Berkshire Hathaway Inc. (BRK.A), is a man who speaks his mind. I'm not sure whether he's always been that way, or whether it is his exceptional wealth or his age -- or both -- that emboldens him to cut through Wall Street B.S. like a hot knife and expose the bloody truth about the foibles of modern finance.
Whatever the case, his comments on derivatives, in particular, have been always been especially enlightening -- and entertaining -- because they expose this supposed risk-sharing panacea for the house of cards it has become. In Derivatives Cause 'Mass Destruction', the Wall Street Journal reports on the 'Oracle of Omaha's' latest thoughts on the subject.
Earlier Saturday, Mr. Buffet repeated his warning on the dangers of derivatives, saying that excessive borrowing by traders, investors and corporations will eventually lead to significant dislocation in the financial markets.
In fielding a question about derivatives, which he once referred to as "financial weapons of mass destruction," Mr. Buffett told shareholders that he expects derivatives and borrowing, or leverage, would inevitably end in huge losses for many financial participants.
"The introduction of derivatives has totally made any regulation of margin requirements a joke," said Mr. Buffett, referring to the U.S. government's rules limiting the amount of borrowed money an investor can apply to each trade. "I believe we may not know where exactly the danger begins and at what point it becomes a super danger. We don't know when it will end precisely, but...at some point some very unpleasant things will happen in markets."
Buffett On Derivatives: 'A Fool's Game' - Seeking Alpha
Don't expect a reply from this cut-n-paster:and??
Biden paints Bush, McCain as anti-labor - Article Comments - View topic : Denver Post Neighborsnolimits3333 on September 21st, 2008, 8:34 pm
McCain's Economic Adviser is ex-Texas Sen. Phil Gramm. On Dec. 15, 2000, hours before Congress was to leave for Christmas recess, Gramm had a 262-page amendment slipped into the appropriations bill. It forbade federal agencies to regulate the financial derivatives that greased the skids for passing along risky mortgage-backed securities to investors. And that, my friends, is why everything's falling apart. That is why the taxpayers are now on the hook for the follies of Fannie Mae, Freddie Mac, Bear Stearns and now the insurance giant AIG to the tune of $700 billion.
Don't expect a reply from this cut-n-paster:
Biden paints Bush, McCain as anti-labor - Article Comments - View topic : Denver Post Neighbors