Question?--How many homeless are you all seeing--what cities--what states?

[oreo]

I live in Woodland Park, CO--& drive down Ute Pass to get to Colorado Springs-about a 22 mile drive. The number of tent cities I am seeing are unbelievable along the creek. I have lived here all my life & have never seen this. Right now it is winter--December & as I was driving up the pass tonight I noticed the temperature was 0.

These people are families with children--I have seen their clothes hung out on the line. These are American families that have lost everything & are now living in tents & we are in the winter months--& it makes me sick to my stomach. I don't believe that we have the shelters to house this many people.

Colorado has a relatively low unemployment rate at 7% compared to the rest of the nation, so I know some of you are seeing worse. So here's your chance to tell the rest of us what you are seeing in your communities.

BUT I WANT TO MAKE ONE POINT--THAT I WANT YOU ALL TO REMEMBER:

Don't ever forget that our federal government did this: They are the creators of this current economic collapse. They did it by co-signing our names to 50% of the mortgages in this country through Fannie/Freddie while at the same time lowering lending requirements, using sub-prime mortgages, in which people who could really not afford a certain home were able to buy one anyway--with your signature attached to it.

"When government is big enough to give you everything you want, it's also big enough to take everything you have" Thomas Jefferson

 

[Polk]

The federal government didn't force banks to lower lending requirements. Banks did that on their own because they could repackage the loans and sell them as securities, minimizing the downside risk.

 

[oreo]

The federal government didn't force banks to lower lending requirements. Banks did that on their own because they could repackage the loans and sell them as securities, minimizing the downside risk.

Read it & weap

Fannie Mae Eases Credit To Aid Mortgage Lending - The New York Times


Government deregulated AIG--Fannie/Freddie in the 1990's.

You will note in the above article that Clinton "banking officials" were puttng PRESSURE on Fannie to reduce lending requirements.

Pay special attention to the 4th or 5th paragraph of this article with the warning that was made 10 years ago.

 

[asaratis]

The federal government didn't force banks to lower lending requirements. Banks did that on their own because they could repackage the loans and sell them as securities, minimizing the downside risk.

Thank Jimmy Carter and BIll Clinton, along with crooks like Franklin Raines and Barney Frank for enabling the housing market collapse.

 

[Terry]

Oreo, I don't get out much these days so I don't know about the homeless situation here but I watch the local news and the last several months there seems to be a big increase on day time home invasions. I heard last night these 3 guys broke into an 80 year old's house stole $200.00, watches and his car, ditched the car two blocks away. While they were robbing him at gun point one of the perps said. "Sorry man but we are on hard times" Like who the heck isn't these days!

The crime I've noticed is increasing a lot.

 

[oreo]

Oreo, I don't get out much these days so I don't know about the homeless situation here but I watch the local news and the last several months there seems to be a big increase on day time home invasions. I heard last night these 3 guys broke into an 80 year old's house stole $200.00, watches and his car, ditched the car two blocks away. While they were robbing him at gun point one of the perps said. "Sorry man but we are on hard times" Like who the heck isn't these days!

The crime I've noticed is increasing a lot.

Yeah--I am expecting that crime will increase, in fact it has down in Colo. Spgs. But--where do you live--just curious if you're seeing what I am? Tent cities & more homeless in your area.

 

[Ringel05]

I live in Woodland Park, CO--& drive down Ute Pass to get to Colorado Springs-about a 22 mile drive. The number of tent cities I am seeing are unbelievable along the creek. I have lived here all my life & have never seen this. Right now it is winter--December & as I was driving up the pass tonight I noticed the temperature was 0.

These people are families with children--I have seen their clothes hung out on the line. These are American families that have lost everything & are now living in tents & we are in the winter months--& it makes me sick to my stomach. I don't believe that we have the shelters to house this many people.

Colorado has a relatively low unemployment rate at 7% compared to the rest of the nation, so I know some of you are seeing worse. So here's your chance to tell the rest of us what you are seeing in your communities.

BUT I WANT TO MAKE ONE POINT--THAT I WANT YOU ALL TO REMEMBER:

Don't ever forget that our federal government did this: They are the creators of this current economic collapse. They did it by co-signing our names to 50% of the mortgages in this country through Fannie/Freddie while at the same time lowering lending requirements, using sub-prime mortgages, in which people who could really not afford a certain home were able to buy one anyway--with your signature attached to it.

"When government is big enough to give you everything you want, it's also big enough to take everything you have" Thomas Jefferson

Shit dude, I know exactly where you're at. My parents and youngest brother still live in Widefield. I'm actually surprised to hear about the families. There has to be unused properties in the Springs to house them, there always has been. Do the local authorities know about these people?

 

[Terry]

Oreo, I don't get out much these days so I don't know about the homeless situation here but I watch the local news and the last several months there seems to be a big increase on day time home invasions. I heard last night these 3 guys broke into an 80 year old's house stole $200.00, watches and his car, ditched the car two blocks away. While they were robbing him at gun point one of the perps said. "Sorry man but we are on hard times" Like who the heck isn't these days!

The crime I've noticed is increasing a lot.

Yeah--I am expecting that crime will increase too. But--where do you live--just curious if you're seeing what I am? Tent cities & more homeless in your area.

I'm deep in the woods Virginia...If I wanted to go to the mall I have to drive 45 miles to get there. Next time I go out that way I'll look around.

 

[Ringel05]

Oreo, I don't get out much these days so I don't know about the homeless situation here but I watch the local news and the last several months there seems to be a big increase on day time home invasions. I heard last night these 3 guys broke into an 80 year old's house stole $200.00, watches and his car, ditched the car two blocks away. While they were robbing him at gun point one of the perps said. "Sorry man but we are on hard times" Like who the heck isn't these days!

The crime I've noticed is increasing a lot.

Yeah--I am expecting that crime will increase too. But--where do you live--just curious if you're seeing what I am? Tent cities & more homeless in your area.

I'm deep in the woods Virginia...If I wanted to go to the mall I have to drive 45 miles to get there. Next time I go out that way I'll look around.

What part of VA? I'm live in NoVa and do a lot of driving around VA, MD and PA. I have yet to see one single tent, let alone a tent city.

 

[Missourian]

I was at the Flying J travel plaza in Tulsa, OK the other day and saw 10 or so families living in their cars.

 

[oreo]

I live in Woodland Park, CO--& drive down Ute Pass to get to Colorado Springs-about a 22 mile drive. The number of tent cities I am seeing are unbelievable along the creek. I have lived here all my life & have never seen this. Right now it is winter--December & as I was driving up the pass tonight I noticed the temperature was 0.

These people are families with children--I have seen their clothes hung out on the line. These are American families that have lost everything & are now living in tents & we are in the winter months--& it makes me sick to my stomach. I don't believe that we have the shelters to house this many people.

Colorado has a relatively low unemployment rate at 7% compared to the rest of the nation, so I know some of you are seeing worse. So here's your chance to tell the rest of us what you are seeing in your communities.

BUT I WANT TO MAKE ONE POINT--THAT I WANT YOU ALL TO REMEMBER:

Don't ever forget that our federal government did this: They are the creators of this current economic collapse. They did it by co-signing our names to 50% of the mortgages in this country through Fannie/Freddie while at the same time lowering lending requirements, using sub-prime mortgages, in which people who could really not afford a certain home were able to buy one anyway--with your signature attached to it.

"When government is big enough to give you everything you want, it's also big enough to take everything you have" Thomas Jefferson

Shit dude, I know exactly where you're at. My parents and youngest brother still live in Widefield. I'm actually surprised to hear about the families. There has to be unused properties in the Springs to house them, there always has been. Do the local authorities know about these people?

Hey--I know Widefield--it's just the tent cities growing up around Fountain creek are unbelievable & it is "freakin cold"--I am at -4 degrees right now. I just don't think we have the housing in C. sprgs. to handle all of them.

 

[oreo]

Oreo, I don't get out much these days so I don't know about the homeless situation here but I watch the local news and the last several months there seems to be a big increase on day time home invasions. I heard last night these 3 guys broke into an 80 year old's house stole $200.00, watches and his car, ditched the car two blocks away. While they were robbing him at gun point one of the perps said. "Sorry man but we are on hard times" Like who the heck isn't these days!

The crime I've noticed is increasing a lot.

Yeah--I am expecting that crime will increase too. But--where do you live--just curious if you're seeing what I am? Tent cities & more homeless in your area.

I'm deep in the woods Virginia...If I wanted to go to the mall I have to drive 45 miles to get there. Next time I go out that way I'll look around.

Yeah--for us rural folks that are not used to seeing this make sure you look in those obscure areas that you typically don't notice heading down to the cities. It's freakin me out. These tent cities that I am seeing are around the creeks & usually hidden behind buildings--like motels, etc.

 

[oreo]

I was at the Flying J travel plaza in Tulsa, OK the other day and saw 10 or so families living in their cars.

Yeah--I see cars too--but it's these tents in below 0 weather that I mostly see. They have kids in them too--which really upsets me.

 

[Terry]

Yeah--I am expecting that crime will increase too. But--where do you live--just curious if you're seeing what I am? Tent cities & more homeless in your area.

I'm deep in the woods Virginia...If I wanted to go to the mall I have to drive 45 miles to get there. Next time I go out that way I'll look around.

Yeah--for us rural folks that are not used to seeing this make sure you look in those obscure areas that you typically don't notice heading down to the cities. It's freakin me out. These tent cities that I am seeing are around the creeks & usually hidden behind buildings--like motels, etc.

Thanks for the tips to know where to look. That description though could be anywhere around here.

 

[Polk]

The federal government didn't force banks to lower lending requirements. Banks did that on their own because they could repackage the loans and sell them as securities, minimizing the downside risk.

Read it & weap

Fannie Mae Eases Credit To Aid Mortgage Lending - The New York Times

Government deregulated AIG--Fannie/Freddie in the 1990's.

You will note in the above article that Clinton "banking officials" were puttng PRESSURE on Fannie to reduce lending requirements.

Pay special attention to the 4th or 5th paragraph of this article with the warning that was made 10 years ago.

Do you ever stop to consider what you write? If the government deregulated the sector, that's not the government creating the crisis. That's the government doing what your side is always calling for (reducing regulations). If deregulation creates a problem, that's an example of too little government involvement, not too much. Also, the much larger factor that caused banks to get in to subprime loans is that even selling them in part to Fannie and Freddie, they kept part of it on the books are were exposed to the risk. Once they no longer had to do that, they had no incentive to care. They set up the mortgages then sell them off. If trouble appears, they're already banked their money. It's those with mortgage-backed investment vehicles who are holding the bag.

 

[Polk]

The federal government didn't force banks to lower lending requirements. Banks did that on their own because they could repackage the loans and sell them as securities, minimizing the downside risk.

Thank Jimmy Carter and BIll Clinton, along with crooks like Franklin Raines and Barney Frank for enabling the housing market collapse.

Go ahead and say what you're really thinking.

 

[oreo]

The federal government didn't force banks to lower lending requirements. Banks did that on their own because they could repackage the loans and sell them as securities, minimizing the downside risk.

Thank Jimmy Carter and BIll Clinton, along with crooks like Franklin Raines and Barney Frank for enabling the housing market collapse.

Go ahead and say what you're really thinking.

Maybe it would be best to say what you're thinking--

There's no doubt in my mind that both parties are at fault. One that created the problem & exaserbated it--& the other one that could have done more to stop it.

But, in the final argument--there is no doubt that government did this to ALL of us.

 

[Article 15]

Thank Jimmy Carter and BIll Clinton, along with crooks like Franklin Raines and Barney Frank for enabling the housing market collapse.

Go ahead and say what you're really thinking.

Maybe it would be best to say what you're thinking--

There's no doubt in my mind that both parties are at fault. One that created the problem & exaserbated it--& the other one that could have done more to stop it.

But, in the final argument--there is no doubt that government did this to ALL of us.

Yet you ignore that fact that the banking industry played a huge role in it as well.

 

[oreo]

Go ahead and say what you're really thinking.

Maybe it would be best to say what you're thinking--

There's no doubt in my mind that both parties are at fault. One that created the problem & exaserbated it--& the other one that could have done more to stop it.

But, in the final argument--there is no doubt that government did this to ALL of us.

Yet you ignore that fact that the banking industry played a huge role in it as well.

Well, apparently you didn't appreciate the article I gave you before---

So, just a simple question I want you to think about:

Here it is:

You go to your home town bank--you walk in with no collateral, no verifiable income, no down payment--& lousy credit--& see how long it takes for that mortgage broker to throw you out of his/her office.

Now you go into that same banker with 310 MILLION co-signers under the same circumstances & see how fast they approve that loan--

The entire point is our federal government ENABLED banks to do this.

 

[ElmerMudd]

I live in Woodland Park, CO--& drive down Ute Pass to get to Colorado Springs-about a 22 mile drive. The number of tent cities I am seeing are unbelievable along the creek. I have lived here all my life & have never seen this. Right now it is winter--December & as I was driving up the pass tonight I noticed the temperature was 0.

These people are families with children--I have seen their clothes hung out on the line. These are American families that have lost everything & are now living in tents & we are in the winter months--& it makes me sick to my stomach. I don't believe that we have the shelters to house this many people.

Colorado has a relatively low unemployment rate at 7% compared to the rest of the nation, so I know some of you are seeing worse. So here's your chance to tell the rest of us what you are seeing in your communities.

BUT I WANT TO MAKE ONE POINT--THAT I WANT YOU ALL TO REMEMBER:

Don't ever forget that our federal government did this: They are the creators of this current economic collapse. They did it by co-signing our names to 50% of the mortgages in this country through Fannie/Freddie while at the same time lowering lending requirements, using sub-prime mortgages, in which people who could really not afford a certain home were able to buy one anyway--with your signature attached to it.

"When government is big enough to give you everything you want, it's also big enough to take everything you have" Thomas Jefferson

Are you stupid enough to think the very poorest people in our society brought down our economic system.
You think government guaranteed loans of the very least expensive homes of our very poorest almost brought down the world banking system.

Please

The government mandated sub prime loans was a small part of a much larger problem.

The private sector applied sub prime loans to the middle class and the upper class who the government never intended them to be applied to.
Banks relaxed their requirements for home loans for all.
Wall Street bundled the toxic loans in to investments that were traded.
Then Wall street created derivatives to hedge the bundled loans in the form of credit swaps and basically leveraged the bad debt causing a multiplier affect.
These investments should have been more closely regulated. The credit swaps should have been classified as insurance instruments but clever wall street execs had them classified as investments to avoid insurance regulation.

If you do not know what you are talking about don't say anything. Even the most conservative economists agree to the scenario above.