Foreclosures rise. It's all over

[Remodeling Maidiac]

All of the important numbers for Obama are tanking and the drones are in a frenzy not knowing what the current talking points are so they default to Booooooosh.

Funny stuff

 

[Polk]

Foreclosures up for first time in 27 months - Yahoo! Finance

more at the source.

Numbers look bad. Three years of HAMP and a few billion dollars thrown at bailing out homeowners and the housing market still sucks, and will get worse. Will Obama run on his economic record now?

Republicans look at their handiwork and say, "A job well done!"

Actually Blow Job Billy was the one who ramped up sub prime mortgage lending it just imploded under GW.

And let's not forget the Fed's part in this. After all it was the artificially low interest rates that were in large part responsible for the refinancing boom that help inflate the bubble.

How HUD Mortgage Policy Fed The Crisis

In 1995, President Bill Clinton's HUD agreed to let Fannie and Freddie get affordable-housing credit for buying subprime securities that included loans to low-income borrowers. The idea was that subprime lending benefited many borrowers who did not qualify for conventional loans. HUD expected that Freddie and Fannie would impose their high lending standards on subprime lenders.

If that argument is true, why were banks not subject to the CRA more likely to issue sub-prime loans?

 

[Polk]

Also, the numbers increased because of the backlog due to the dispute over robosigning. Doesn't strike me as that troubling.

 

[Remodeling Maidiac]

Also, the numbers increased because of the backlog due to the dispute over robosigning. Doesn't strike me as that troubling.

Of course it wouldn't as your house isn't on the list is it? It's never troubling if you don't see, hear or have the problem.

 

[Polk]

Also, the numbers increased because of the backlog due to the dispute over robosigning. Doesn't strike me as that troubling.

Of course it wouldn't as your house isn't on the list is it? It's never troubling if you don't see, hear or have the problem.

You're missing the point that these people who would have been foreclosed on months ago if not for the problems with robosigning.

 

[Remodeling Maidiac]

Also, the numbers increased because of the backlog due to the dispute over robosigning. Doesn't strike me as that troubling.

Of course it wouldn't as your house isn't on the list is it? It's never troubling if you don't see, hear or have the problem.

You're missing the point that these people who would have been foreclosed on months ago if not for the problems with robosigning.

I got your point but I see it as bad no matter when it happens.

 

[The Rabbi]

Also, the numbers increased because of the backlog due to the dispute over robosigning. Doesn't strike me as that troubling.

Of course it wouldn't as your house isn't on the list is it? It's never troubling if you don't see, hear or have the problem.

You're missing the point that these people who would have been foreclosed on months ago if not for the problems with robosigning.

Again, a lie. Obama rolled out program after program and launched investigations into bank foreclosure practice.

 

[Remodeling Maidiac]

So much smug satisfaction. And yet, two-thirds of Americans still blame Bush for the economy. So, I wouldn't start breaking out the champagne just yet, Fucktards.

Most say Bush to blame for weak U.S. economy, poll finds | Reuters

Also, here's the pledge of Obstructionism:

Americans for Tax Reform : What is the Taxpayer Protection Pledge?

And finally, hey dummy, gas prices have nothing, repeat NOTHING to do with a president's actions or inaction.

Clearly this will be a dog-fight, but all you silly fucks dancing in the streets in June are going to look really, really fucking stupid (more fucking stupid I guess would be inaccurate), if your guy doesn't win, right?

Booooooooosh isn't running against Obama numbnuts. Romney is.

 

[NoNukes]

And all the GOP have taken pledges to prevent any fixing from being done. But in spite of that, the economic picture is far brighter than when you people got down with us in 2008.

Unemployment is higher.
The deficit is higher
Gas prices are higher.
Home prices are lower.

Remind me what is better now.

Tell us again about how Rick Perry is going to be the next President.

 

[Avorysuds]

It doesnt matter who caused what.What does matter is that Obama was elected in 2008 pledging to fix this. Instead he has made it worse. He beat up on the banks so they wouldn't foreclose, and he introduced program after program to make banks renegotiate mortgages terms with borrowers. About 80% of those borrowers defaulted anyway. The result has been an overhang of phanton foreclosed properties in limbo, sitting out there depressing the housing market. But now foreclosures are going up, not down, three years into his presidency. This looks terrible. And it is another nail in the coffin for his economic record and his re election bid.

Thanks you!

Obama ran for President and said he had a plan... If Obama fails to deliver then that is on Obama, not Bush, not Republicans, Obama.

Obama lost the House (congress) because his policies sucked, but that does not change him keeping people in a house (home owners) they can't afford.

The idea is to float the economy into good times. That sir has a major rick of failing and if it does you are left with very high debt, this is Obama's doing. At some point the economy will recover and it won't take a single policy involving bailing anyone out r stimulating anything with the use of money.

Look at the laws of evolution and right there you can predict the future of our economy.

 

[Avorysuds]

Right. The housing meltdown had NOTHING to do with predatory lending practices, despite what, oh, every independent assessment of the situation says. Of course some less than savvy people took out mortgages they shouldn't have; but by and large the overwhelming majority of the blame has to be one the lending institutions. Why? Because it's THEIR money they're lending. They're the ones who should be able to cut through the shit and figure out if the loan's a good one.

Oh that's right, they stopped caring if we all lost our houses as soon as mortgage-backed securities became a thing, huh? So now, instead of rooting for us ALL to succeed, they kind of don't care either way and then we get what we got.

Sometimes it really IS important to not have a half-baked, bullshit, rhetoric-filled explanation of the truth.

All made possible by the Government dumping money into a "everyone gets a home!" program.

Try being honest, you might find some answers.

 

[Sinjorri]

It doesnt matter who caused what.What does matter is that Obama was elected in 2008 pledging to fix this. Instead he has made it worse. He beat up on the banks so they wouldn't foreclose, and he introduced program after program to make banks renegotiate mortgages terms with borrowers. About 80% of those borrowers defaulted anyway. The result has been an overhang of phanton foreclosed properties in limbo, sitting out there depressing the housing market. But now foreclosures are going up, not down, three years into his presidency. This looks terrible. And it is another nail in the coffin for his economic record and his re election bid.

Thanks you!

Obama ran for President and said he had a plan... If Obama fails to deliver then that is on Obama, not Bush, not Republicans, Obama.

Obama lost the House because his policies sucked, but that does not change him keeping people in a house they can't afford.

The idea is to float the economy into good times. That sir has a major rick of failing and if it does you are left with very high debt, this is Obama's doing. At some point the economy will recover and it won't take a single policy involving bailing anyone out r stimulating anything with the use of money.

Look at the laws of evolution and right there you can predict the future of our economy.

Obama has had one plan and its been working for him and hes been spitting it wherever he goes, Blame Bush. has not stopped yet.

 

[Truthmatters]

more Americans blame Bush than Obama.

they also blame the republicans for keeping this country down.

good work cons

 

[Sinjorri]

more Americans blame Bush than Obama.

they also blame the republicans for keeping this country down.

good work cons

a lot of people swore the earth was flat? did that make them right?

 

[Avorysuds]

It doesnt matter who caused what.What does matter is that Obama was elected in 2008 pledging to fix this. Instead he has made it worse. He beat up on the banks so they wouldn't foreclose, and he introduced program after program to make banks renegotiate mortgages terms with borrowers. About 80% of those borrowers defaulted anyway. The result has been an overhang of phanton foreclosed properties in limbo, sitting out there depressing the housing market. But now foreclosures are going up, not down, three years into his presidency. This looks terrible. And it is another nail in the coffin for his economic record and his re election bid.

Thanks you!

Obama ran for President and said he had a plan... If Obama fails to deliver then that is on Obama, not Bush, not Republicans, Obama.

Obama lost the House because his policies sucked, but that does not change him keeping people in a house they can't afford.

The idea is to float the economy into good times. That sir has a major rick of failing and if it does you are left with very high debt, this is Obama's doing. At some point the economy will recover and it won't take a single policy involving bailing anyone out r stimulating anything with the use of money.

Look at the laws of evolution and right there you can predict the future of our economy.

Obama has had one plan and its been working for him and hes been spitting it wherever he goes, Blame Bush. has not stopped yet.

It's not working.

If it were working the economy would be fixed.

If it were working the people that support Obama wouldn't be rabid partisan hacks.

If it were working Obama wouldn’t be in a close race with another Progressive liberal who holds/supported and passed similar policies as Obama and that most Republicans hate, Mitt Romney.

Fact is that 14% number blaming Obama is somewhat large when you consider Bush only got 48%. If the question were has Obama made the economy better or worse or even kept it the same the numbers would be totally different. That 14% blame of the economy number is literally irrelevant seeing as Obama was not even in office (president) when the economy started its collapse.

 

[Avorysuds]

more Americans blame Bush than Obama.

they also blame the republicans for keeping this country down.

good work cons

Not for Obama doing a horrid job on the economy... Get back to over eating TM, it's what you're good at... sitting, and eating.

 

[g5000]

Right. The housing meltdown had NOTHING to do with predatory lending practices, despite what, oh, every independent assessment of the situation says. Of course some less than savvy people took out mortgages they shouldn't have; but by and large the overwhelming majority of the blame has to be one the lending institutions. Why? Because it's THEIR money they're lending.

No, it was your money. The broker-dealers arranged the loans and packaged them and sold them to suckers for a fee. And then bet against the very products they had sold to the rubes.

Anyone who has a retirement account, or is paying into a pension, or has an insurance policy, or is paying college tuition. These were the people whose money was being used to make these loans.

Which is why it cracks me up when those same people defend the assholes who stole from them.

 

[ConservaDerrps]

Right. The housing meltdown had NOTHING to do with predatory lending practices, despite what, oh, every independent assessment of the situation says. Of course some less than savvy people took out mortgages they shouldn't have; but by and large the overwhelming majority of the blame has to be one the lending institutions. Why? Because it's THEIR money they're lending. They're the ones who should be able to cut through the shit and figure out if the loan's a good one.

Oh that's right, they stopped caring if we all lost our houses as soon as mortgage-backed securities became a thing, huh? So now, instead of rooting for us ALL to succeed, they kind of don't care either way and then we get what we got.

Sometimes it really IS important to not have a half-baked, bullshit, rhetoric-filled explanation of the truth.

All made possible by the Government dumping money into a "everyone gets a home!" program.

Try being honest, you might find some answers.

And the "Everyone gets a home" policy was started by which Administration, again? Who made it a fucking plank on which they campaigned?

It wasn't Obama...so how are you going to pin that on him again?

And whoever said "Obama getting 14% is pretty high if you consider Bush is at 48%" is really, really retarded math-wise. More than three times the people blame Obama that blame Bush. THREE TIMES.

I can't wait for the debates when the President can force Mitt to admit to the entire voting public that he wants to go back to Bushonomics. Think that'll sway some undecided voters?

 

[ConservaDerrps]

Right. The housing meltdown had NOTHING to do with predatory lending practices, despite what, oh, every independent assessment of the situation says. Of course some less than savvy people took out mortgages they shouldn't have; but by and large the overwhelming majority of the blame has to be one the lending institutions. Why? Because it's THEIR money they're lending.

No, it was your money. The broker-dealers arranged the loans and packaged them and sold them to suckers for a fee. And then bet against the very products they had sold to the rubes.

Anyone who has a retirement account, or is paying into a pension, or has an insurance policy, or is paying college tuition. These were the people whose money was being used to make these loans.

Which is why it cracks me up when those same people defend the assholes who stole from them.

Very good point. My 401k is still angry.

 

[Polk]

Of course it wouldn't as your house isn't on the list is it? It's never troubling if you don't see, hear or have the problem.

You're missing the point that these people who would have been foreclosed on months ago if not for the problems with robosigning.

Again, a lie. Obama rolled out program after program and launched investigations into bank foreclosure practice.

Launched investigations? To the contrary. He effectively kneecapped the investigations. (I don't approve of this, btw.)