Elizabeth Warren on Subprime and Foreclosures Problem Still Growing

Discussion in 'Economy' started by hvactec, Feb 14, 2010.

  1. hvactec
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    hvactec VIP Member

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    [ame=http://www.youtube.com/watch?v=VC8HrUZNOLs&feature=player_embedded]YouTube - Prof. Elizabeth Warren on Subprime and Foreclosures Problem 2 of 3[/ame]
     
  2. Terral
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    Terral Terral Corp CEO

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    Hi Hvac:

    Most of what you see in the OP Video is 'disinformation' that gives lip service to the 'symptoms' and not the actual cause of the Foreclosure Crisis. The primary causes of the U.S. Economic Meltdown are 'Worker Displacement' by legal and illegal alien foreign nationals. One illegal alien displaces just one U.S. worker, who then goes out and displaces another U.S. Citizen from his job; so that he must go out and displace another U.S. Citizen from his job in an endless 'displacement cycle.' You will never have any solution to the Foreclosure Crisis, until the Federal, State and Local Govt's begin enforcing Immigration and Employment Laws already on the books; and that will NEVER happen ...

    NAFTA concessions to other countries has seen the U.S. Manufacturing Base shipped overseas and south of the border. Outsourcing of JOBS is also working to destroy the Consumer Base, which sees service sector jobs destroyed from the local job markets. The Foreclosure Crisis is only the symptom of a sick U.S. Consumer that is now on life support in the form of every Stimulus Plan known to mankind, which only works to provide a slower ultimate death. If Obama wanted to save one job, then he would be deporting illegal aliens; but his ultimate goal is to destroy the U.S. Consumer/Tax Base on his way to destroying our Western Way of life. Americans deserve utter destruction for being so STUPID (#1-10) ...

    Stop blaming the Subprime Mortgages on the problem, as if the banksters have any control over the flood of illegal aliens stealing JOBS from their mortgagees. The real problem is right in front of your faces in a corrupt Congress and Obama Administration doing NOTHING to protect our JOBS from illegal aliens, outsourcing, manufacture offshoring, etc., etc..

    GL,

    Terral
     
    Last edited: Feb 14, 2010
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says, "Dat's right - Obama tryin' to snooker us into another subprime crisis...
    :eek:
    Obama administration pushes banks to make home loans to people with weaker credit
    April 2`13 - The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.
     
  4. Mr. H.
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    Mr. H. Diamond Member

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    New crisis looming, thanks to the Fed...

    Special Report: How the Fed Fueled an Explosion in Subprime Auto Loans - Yahoo! Finance

    In its efforts to jumpstart the economy, the U.S. central bank has undertaken since November 2008 three rounds of bond-buying and cut short-term interest rates effectively to zero. The purchases of mostly Treasury and mortgage securities - known as quantitative easing and nicknamed QE1, QE2 and QE3 - have injected trillions of dollars into the financial system.
     
    Last edited: Apr 4, 2013
  5. editec
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    editec Mr. Forgot-it-All

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    While I certainly agree that FREE TRADE (which isn't free) plays a role in the meltdown, the subprime mortgage problem was straw that broke the economy's back.

    I think what you are describing are really two examples of the same CLASS WAR, my friend.
     
  6. Rozman
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    Rozman Gold Member Supporting Member

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    We are just going to start this crap all over again.
    Because according to the left everyone should own a home
    whether they can pay for it or not.
     
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  7. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    You complete idiot Marxist scumbag!!!! We have illegals here taking our jobs because the illegal community votes Democrat!! We have low interest rates because a college professor thinks that monetary policy is best.

    It has nothing to do with the Marxist civil war you'd like to start in our country!!
     
  8. Toro
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    Toro Diamond Member

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    The best way to discredit any theory is to have Terral comment positively on it.
     
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  9. Trajan
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    Trajan conscientia mille testes

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    we can add this to the sub prime car loan bubble, the student loan bubble.....etc...*shrugs*

    past is prologue....
     
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  10. tjvh
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    tjvh Senior Member

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    Idiocy is making the same mistake twice and expecting a different result...
     

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