Political Junky
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- May 27, 2009
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Mitt Romney proposed this long ago.
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No, they weren't. They lost about 40% of their market share between 2000 and 2007.I'm sorry if the facts don't meet your preconceived bias.
F/F controlled an ever-shrinking portion of the Alt-A and Subprime market because the private sector crowded them out.
When you have some actual facts instead of rightwing radio-fed rants, please return to the discussion. In the meantime stick to humorous one liners.
They were ALWAYS far and away the biggest participant and they set the standard for de facto AAA credit (No Income No Asset) paper
Please deal in facts instead of what the radio tells you. They were a late entry into the modern subprime market. Their share of the market declined from just over 50% of the market to 30%. Private firms made 84 percent of subprime loans in 2006. Private label loans have defaulted at over 6X the rate of GSE's.
But hey, keep preaching to the five guys in your choir.
No, you fucking can't read. Go read what I wrote again, Frank. And if you need help, try reading it again. and again. Until your little brain can figure it out.No, they weren't. They lost about 40% of their market share between 2000 and 2007.They were ALWAYS far and away the biggest participant and they set the standard for de facto AAA credit (No Income No Asset) paper
Please deal in facts instead of what the radio tells you. They were a late entry into the modern subprime market. Their share of the market declined from just over 50% of the market to 30%. Private firms made 84 percent of subprime loans in 2006. Private label loans have defaulted at over 6X the rate of GSE's.
But hey, keep preaching to the five guys in your choir.
You're a fucking liar.
Right...Section 8s.Yeah, well who the hell do you think is going to move into those houses?Precious.
People who make at or below 80% of AMI.
You and Frank make a precious fact-free little world.
Right...Section 8s.Yeah, well who the hell do you think is going to move into those houses?
People who make at or below 80% of AMI.
You and Frank make a precious fact-free little world.
You can try and reframe them with all the duplicitous semantics you want, but they'll still be Section 8s.
80% of AMI is the top end of what's considered "low income"...With the track record of how these programs go, the people put in those houses will be 50%-ers in short order...That isn't going to help anyone's home values.
Why the hell can't you damned technocratic do-gooders just let the market bottom out and readjust on its own?
80% of AMI is the top end of what's considered "low income"...With the track record of how these programs go, the people put in those houses will be 50%-ers in short order...That isn't going to help anyone's home values.
Why the hell can't you damned technocratic do-gooders just let the market bottom out and readjust on its own?
If you are a good democrat and work for the Party, they will give you ba home.
Exaggerate much?80% of AMI is the top end of what's considered "low income"...With the track record of how these programs go, the people put in those houses will be 50%-ers in short order...That isn't going to help anyone's home values.
Why the hell can't you damned technocratic do-gooders just let the market bottom out and readjust on its own?
Yes, why not let the income and assets of tens of millions of families collapse so you damned fascists can watch them suffer. Great idea, Tom. Great.
80% of AMI is the top end of what's considered "low income"...With the track record of how these programs go, the people put in those houses will be 50%-ers in short order...That isn't going to help anyone's home values.
Why the hell can't you damned technocratic do-gooders just let the market bottom out and readjust on its own?
Yes, why not let the income and assets of tens of millions of families collapse so you damned fascists can watch them suffer. Great idea, Tom. Great.
No, actually. That's what you are advocating.Exaggerate much?80% of AMI is the top end of what's considered "low income"...With the track record of how these programs go, the people put in those houses will be 50%-ers in short order...That isn't going to help anyone's home values.
Why the hell can't you damned technocratic do-gooders just let the market bottom out and readjust on its own?
Yes, why not let the income and assets of tens of millions of families collapse so you damned fascists can watch them suffer. Great idea, Tom. Great.
We got into this mess because know-it-all technocratic do-gooders like you inflated a huge value bubble..
Makes no sense to purposefully allow the housing market to decline further.
I have never in my life seen so many people root against their own self interests like Repubs.
If only they (Repubs) had some policy success to point to that their ideas brought about, maybe their opinions would be worth something.
80% of AMI is the top end of what's considered "low income"...With the track record of how these programs go, the people put in those houses will be 50%-ers in short order...That isn't going to help anyone's home values.
Why the hell can't you damned technocratic do-gooders just let the market bottom out and readjust on its own?
Yes, why not let the income and assets of tens of millions of families collapse so you damned fascists can watch them suffer. Great idea, Tom. Great.
How are we letting the income and assets of tens of millions of families collapse ?
People make poor decisions and shit happens... get over it. Rewarding poor decision making only leads to more poor decision making.
IWO, we need to trust the arsonists to put out the fire.Yes, why not let the income and assets of tens of millions of families collapse so you damned fascists can watch them suffer. Great idea, Tom. Great.
How are we letting the income and assets of tens of millions of families collapse ?
By failing to take inexpensive and effective measures to arrest the foreclosure crisis and positively impact the employment situation.
Life's tough, shit happens, wear a fuckin' helmet.People make poor decisions and shit happens... get over it. Rewarding poor decision making only leads to more poor decision making.
The people who made poor decisions lost their homes, Soggy. The banks now own them. The banks don't want them.