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Anyone with a modicum of understanding of the real estate boom and bust knows that the sub prime mortgages were a scheme entirely exploited and abused by mortgage-hungry lenders,
whose motive was to generate as many mortgages as possible and then sell them off for a profit.
by Jim Hoft at Human Events blogs posts this absolutely shocking item:
In his early activist days, Barack Obama the community organizer sued banks to ease lending practices.
State Sen. Barack Obama and Fr. Michael Pfleger led a protest against the payday loan industry demanding the State of Illinois to regulate loan businesses in January 2000. During his time as a community organizer Barack Obama led several protests against banks to make loans to high risk individuals. (NBC 5 Week of January 3, 2000)
Heres something that wont get any play in the liberal media
A new study by the respected National Bureau of Economic Research found that Democrats are to blame for the subprime mortgage crisis.
Investors Business Daily reported:
Read more @ New Study Finds Democrats Fully to Blame for Subprime Mortgage Crisis | Conservative News, Views & Books
So you consider forcing banks to loan money to people who can't pay it back a good thing.giving criminals an idea to commit a crime by doing something good is not the fault of the people doing the good
So you consider forcing banks to loan money to people who can't pay it back a good thing.giving criminals an idea to commit a crime by doing something good is not the fault of the people doing the good
There you go, folks, the progressive mentality in a nutshell:
"It doesn't matter what the consequences are...they MEANT well!!"
No one is doubting the effectiveness of the left wing propaganda. I would guess that the majority of Obama voters have absolutely no idea what happened with the subprime leanding. I have talked to many liberals and am disappointed with their ability to either ignore the facts or keep themselves completely ignorant of the facts. I believe that they keep themselves ignorant because that is more self-serving.
So be it with the economy. The economy started it crash after the democrats took both houses. They could have done, and did, almost anything they wanted. They had a full year of filbuster proof majority with control of all three branches, yet here we are and the left blames anyone other then their own self.
5 trillion dollars of debt put on our grandchildren and most Obama supporters would either say, who cares or it is a lie. 6 trillion now and counting and what did we get? An 8 percent unemployment rate and a stock market that is pretty much flat lined. Pretty damn expensive medocricy.
The housing bubble was all democrats. They were warned but they put ideology ahead of practicality. Sure their intent sounded good, to put people into houses but the practicality of putting a person in a house they could never afford in the first place apparently never struck home.
The White House Warned Congress About Fannie Mae Freddie Mac 17 Times In 2008, Alone
The White House Warned Congress About Fannie Mae Freddie Mac 17 Times In 2008, Alone « Nice Deb
Now, listen to his own words Barney saying that there were no problems:
Democrats were WARNED of Financial crisis and did NOTHING - YouTube
Democrats were WARNED of Financial crisis and did NOTHING
Or you could stop being a little bitch and acknowledge that people have the right to express their views, even if those views conflict with the progressive groupthink you bitterly cling to.Until you deal with the study showing fox news viewers to be less intelligent and leaning toward bigoted beliefs, you are not allowed to read or post studies here.
Thank you.
So you consider forcing banks to loan money to people who can't pay it back a good thing.giving criminals an idea to commit a crime by doing something good is not the fault of the people doing the good
There you go, folks, the progressive mentality in a nutshell:
"It doesn't matter what the consequences are...they MEANT well!!"
Please, enlighten us.... show us the 'force' launguage in the legislation.
And banks were happy to loan the money and then bundle the bad loans and sell them to others.
Hmmmm....
And all the while, the mortgage broker gets his fee. And bank officer gets his bonus.
Stop posting, idiot.
You just come off as a total jackass.
LOL. The truth is well known to most American Voters. That is why our President was re-elected. We know who created the economic debacle of 2008. And it was not the Dems.
But by going back and trying to re-write history, the GOP is once again demonstrating the basic dishonesty that their now extremist positions have forced them into. And the voters in our nation recognized that extremism for what it is.
LOL. The truth is well known to most American Voters. That is why our President was re-elected. We know who created the economic debacle of 2008. And it was not the Dems.
But by going back and trying to re-write history, the GOP is once again demonstrating the basic dishonesty that their now extremist positions have forced them into. And the voters in our nation recognized that extremism for what it is.
Yours, not ours.
Anyone with a modicum of understanding of the real estate boom and bust knows that the sub prime mortgages were a scheme entirely exploited and abused by mortgage-hungry lenders,
whose motive was to generate as many mortgages as possible and then sell them off for a profit.
yeah, sure... as you say, sub prime mortgages were a scheme entirely exploited and abused by mortgage-hungry lenders, whose motive was to generate as many mortgages as possible and then sell them off for a profit...
but, as I understand it, it was the Dems who opened the door that allowed this to happen...
the Dems, in their usual shit-for-brains manner, were the ones who hatched the scheme that was then exploited...
Anyone with a modicum of understanding of the real estate boom and bust knows that the sub prime mortgages were a scheme entirely exploited and abused by mortgage-hungry lenders,
whose motive was to generate as many mortgages as possible and then sell them off for a profit.
yeah, sure... as you say, sub prime mortgages were a scheme entirely exploited and abused by mortgage-hungry lenders, whose motive was to generate as many mortgages as possible and then sell them off for a profit...
but, as I understand it, it was the Dems who opened the door that allowed this to happen...
the Dems, in their usual shit-for-brains manner, were the ones who hatched the scheme that was then exploited...
The Democrats weren't in power in the 2000's until 2009. By then the real estate bubble had burst.
Believe what you want. In Conservatopia, it's always the left's fault. We get that.
But most people live in normal America, where facts, not wishes, determine the truth.
yeah, sure... as you say, sub prime mortgages were a scheme entirely exploited and abused by mortgage-hungry lenders, whose motive was to generate as many mortgages as possible and then sell them off for a profit...
but, as I understand it, it was the Dems who opened the door that allowed this to happen...
the Dems, in their usual shit-for-brains manner, were the ones who hatched the scheme that was then exploited...
The Democrats weren't in power in the 2000's until 2009. By then the real estate bubble had burst.
Believe what you want. In Conservatopia, it's always the left's fault. We get that.
But most people live in normal America, where facts, not wishes, determine the truth.
yeah, sure... the bubble burst while GWB was in office...
but the ball for this debacle was started rolling long before GWB arrived on the scene...
