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I expect nothing less than dad2three's stupid/lair dance. Sad when environment AND heredity conspire against some folks.
For example, this idiot thinks building a house in France effects a home purchase in the US.
This is good news. And it is very expected news.
If you did the math, it was just a matter of time. We have been building too few homes the past few years.
lol... You're a smart guy but sometimes you say stupid stuff.
How can you possibly know how many homes there needs to be? Wages are still falling or stagnant and yet housing is increasing as fast as it was under Bush, meaning once again there will be a crash. There is no good news in FDR style economics. Poor people not being able to afford housing (or food) does not create a strong economy. Housing needs to decrease or remain the same for a long long time while wages catch up.
When you're forced by government to lend to people you know are incapable of repaying what Is a reasonable expectation?
When you're forced by government to lend to people you know are incapable of repaying what Is a reasonable expectation?
When you're forced by government to lend to people you know are incapable of repaying what Is a reasonable expectation?
Q Why is it commonly called the subprime bubble ?
A Because the Bush Mortgage Bubble coincided with the explosive growth of Subprime mortgage and politics. Also the subprime MBS market was the first to collapse in late 2006. In 2003, 10 % of all mortgages were subprime. In 2006, 40 % were subprime. This is a 300 % increase in subprime lending.
"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."
Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50% OF ALL MORTGAGES IN 2006 DIDNT REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?
A Yes.
Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?
A Banks.
Q WHY??!?!!!?!
A Two reasons, greed and Bush's regulators let them.
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
When you're forced by government to lend to people you know are incapable of repaying what Is a reasonable expectation?
Q Why is it commonly called the subprime bubble ?
A Because the Bush Mortgage Bubble coincided with the explosive growth of Subprime mortgage and politics. Also the subprime MBS market was the first to collapse in late 2006. In 2003, 10 % of all mortgages were subprime. In 2006, 40 % were subprime. This is a 300 % increase in subprime lending.
"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."
Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50% OF ALL MORTGAGES IN 2006 DIDNT REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?
A Yes.
Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?
A Banks.
Q WHY??!?!!!?!
A Two reasons, greed and Bush's regulators let them.
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
More lies from the dumbto3 mullet...
When you're forced by government to lend to people you know are incapable of repaying what Is a reasonable expectation?
Q Why is it commonly called the subprime bubble ?
A Because the Bush Mortgage Bubble coincided with the explosive growth of Subprime mortgage and politics. Also the subprime MBS market was the first to collapse in late 2006. In 2003, 10 % of all mortgages were subprime. In 2006, 40 % were subprime. This is a 300 % increase in subprime lending.
"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."
Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50% OF ALL MORTGAGES IN 2006 DIDNT REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?
A Yes.
Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?
A Banks.
Q WHY??!?!!!?!
A Two reasons, greed and Bush's regulators let them.
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
More lies from the dumbto3 mullet...
Got it, you hate FACTS
The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008
Private sector loans, not Fannie or Freddie, triggered crisis
National news from McClatchy DC News Washington DC
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
When you're forced by government to lend to people you know are incapable of repaying what Is a reasonable expectation?
Q Why is it commonly called the subprime bubble ?
A Because the Bush Mortgage Bubble coincided with the explosive growth of Subprime mortgage and politics. Also the subprime MBS market was the first to collapse in late 2006. In 2003, 10 % of all mortgages were subprime. In 2006, 40 % were subprime. This is a 300 % increase in subprime lending.
"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."
Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50% OF ALL MORTGAGES IN 2006 DIDNT REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?
A Yes.
Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?
A Banks.
Q WHY??!?!!!?!
A Two reasons, greed and Bush's regulators let them.
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
More lies from the dumbto3 mullet...
Got it, you hate FACTS
The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008
Private sector loans, not Fannie or Freddie, triggered crisis
National news from McClatchy DC News Washington DC
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
You have no clue what the facts are...
I guess my question was too hard.
Saw lots of tap dancing - but no answer.
When you're forced by government to lend to people you know are incapable of repaying what Is a reasonable expectation?
Q Why is it commonly called the subprime bubble ?
A Because the Bush Mortgage Bubble coincided with the explosive growth of Subprime mortgage and politics. Also the subprime MBS market was the first to collapse in late 2006. In 2003, 10 % of all mortgages were subprime. In 2006, 40 % were subprime. This is a 300 % increase in subprime lending.
"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."
Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50% OF ALL MORTGAGES IN 2006 DIDNT REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?
A Yes.
Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?
A Banks.
Q WHY??!?!!!?!
A Two reasons, greed and Bush's regulators let them.
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
More lies from the dumbto3 mullet...
Got it, you hate FACTS
The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008
Private sector loans, not Fannie or Freddie, triggered crisis
National news from McClatchy DC News Washington DC
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
You have no clue what the facts are...
I'm so glad you went into such details about the flaws in each and every posit I've presented with credible links. I'm sure it took you 15 seconds to write your bullshit!
Q Why is it commonly called the subprime bubble ?
A Because the Bush Mortgage Bubble coincided with the explosive growth of Subprime mortgage and politics. Also the subprime MBS market was the first to collapse in late 2006. In 2003, 10 % of all mortgages were subprime. In 2006, 40 % were subprime. This is a 300 % increase in subprime lending.
"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."
Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50% OF ALL MORTGAGES IN 2006 DIDNT REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?
A Yes.
Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?
A Banks.
Q WHY??!?!!!?!
A Two reasons, greed and Bush's regulators let them.
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
More lies from the dumbto3 mullet...
Got it, you hate FACTS
The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008
Private sector loans, not Fannie or Freddie, triggered crisis
National news from McClatchy DC News Washington DC
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
You have no clue what the facts are...
I'm so glad you went into such details about the flaws in each and every posit I've presented with credible links. I'm sure it took you 15 seconds to write your bullshit!
There all flawed, you're flawed...
It's that simple, accuracy can be said in just a few words, especially when they are actually you're own, novel concept...
Few words? Sure, we elect guys like Cooolidge/Harding/ReaGan/Dubya who don't 'believe in' Gov't or it's regulations/regulators then are shocked when the Banksters hose US!
Few words? Sure, we elect guys like Cooolidge/Harding/ReaGan/Dubya who don't 'believe in' Gov't or it's regulations/regulators then are shocked when the Banksters hose US!
dear, real conservatives don't want soviet regulators because they killed 65 million human beings very slowly with their well intended regulations of the economy. The recent housing crisis was a tiny example of what the liberals have in mind.
don't mean to rock your world!!
Unfortunately you 'believe' that nonsense, despite the FACT that it was the least regulated
and Gov't backed loans performed nearly 450%-600% better
No law required the subprime loans,
Unfortunately you 'believe' that nonsense, despite the FACT that it was the least regulated
now thats truly stupid even for a liberal like you! Bananas are unregulated but not housing dear. They have and FHA ( Federal Housing Administration) and 172 others but not a FBA.
Uber slow beyond belief?
No law required the subprime loans,
just the law of survival!! See why we say slow, uber slow?
