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| Topic: Share the blame | |
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and i came to see what ya had ta say silly me  You're silly anyway.  but thats a good thing right  been there why whats up |
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the only ones to blame for the lending crisis is the lenders if they do not qualify do not give them the money granted some are due to free trade agreement job loss but that started way b4 bush but if they did not give money almost anyone this would have never happened i feel it is the plan of the federal reservee to take control of the country and the world hopefully obama and the dems will abolish doing busines with the federal reserve (it is a private entity well...starting with the Community Reinvestment Act of 1977...which was put on steroids during the Clinton administration...Congress began intimidating banks and other financial institutions into making loans...so called subprime loans...to high risk homebuyers and businesses...the so called carrot offered...was that these high-risk loans would be purchased by the government-sponsored enterprises Fannie Mae and Freddie Mac...just a few short years ago Barney Frank, Chris Dodd, and Maxine Waters all vouched for the soundness of Fannie and Freddie...Dodd actually saying..."riding to the rescue" to help people get home mortgage loans... adding that they "need to do more" to help high-risk borrowers get better loans...the collapse of frannie...and... freddie is not a failure of the free market...( which the Dems keep insisting )..lending institutions in a free market would not have taken on the high-risk loans... they were forced to...by the government....the solution is not a taxpayer bailout...the solution is to let them fail...and...allow the people who invested in them, as well as the people who purchased homes they couldn't afford...suffer the losses...the original poster is absolutely correct...this whole mess all began in the name of Fair Housing...greed, and stupidity...add to that...Democrats trying to make people feel good about themselves...[ the is a Democrat imposed problem ]...so...here we stand today...with a government induced crisis...while being led to believe that we now have a " government solution "...in my opinion...sadly...this is just the tip of the iceberg... and did the federal reserve pressure the govt you jnow the ones making the interest on the 700 billion another forgotten part of the problem...you are corrcet...Allan Greenspan, and the " easy "...monetary policy...played a big part in this whole mess... |
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He figured that if he could not afford it, he needed to save it. Debt--the real American way! -Drew My brother's wife called me several years ago......Seems she had a cregit card that she kept at the $5,000 limit  The credit card company notified her that they were raising the interest rate on her card due to the balance remaining at $5,000. She wanted to know if they could do that "DUHHHHHH.....of course... they are out $5,000 because of you!" 'BUT I make a payment every month,'...."Then WHY is your balance at $5,000?" "Because I go buy somethimg else...." LINDYY  JUST PROVING the economic situation is a 2-way street!!!! |
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Edited by
Unknow
on
Sun 11/16/08 09:21 AM
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the only ones to blame for the lending crisis is the lenders if they do not qualify do not give them the money granted some are due to free trade agreement job loss but that started way b4 bush but if they did not give money almost anyone this would have never happened i feel it is the plan of the federal reservee to take control of the country and the world hopefully obama and the dems will abolish doing busines with the federal reserve (it is a private entity well...starting with the Community Reinvestment Act of 1977...which was put on steroids during the Clinton administration...Congress began intimidating banks and other financial institutions into making loans...so called subprime loans...to high risk homebuyers and businesses...the so called carrot offered...was that these high-risk loans would be purchased by the government-sponsored enterprises Fannie Mae and Freddie Mac...just a few short years ago Barney Frank, Chris Dodd, and Maxine Waters all vouched for the soundness of Fannie and Freddie...Dodd actually saying..."riding to the rescue" to help people get home mortgage loans... adding that they "need to do more" to help high-risk borrowers get better loans...the collapse of frannie...and... freddie is not a failure of the free market...( which the Dems keep insisting )..lending institutions in a free market would not have taken on the high-risk loans... they were forced to...by the government....the solution is not a taxpayer bailout...the solution is to let them fail...and...allow the people who invested in them, as well as the people who purchased homes they couldn't afford...suffer the losses...the original poster is absolutely correct...this whole mess all began in the name of Fair Housing...greed, and stupidity...add to that...Democrats trying to make people feel good about themselves...[ the is a Democrat imposed problem ]...so...here we stand today...with a government induced crisis...while being led to believe that we now have a " government solution "...in my opinion...sadly...this is just the tip of the iceberg... and did the federal reserve pressure the govt you jnow the ones making the interest on the 700 billion another forgotten part of the problem...you are corrcet...Allan Greenspan, and the " easy "...monetary policy...played a big part in this whole mess... |
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He figured that if he could not afford it, he needed to save it. Debt--the real American way! -Drew My brother's wife called me several years ago......Seems she had a cregit card that she kept at the $5,000 limit The credit card company notified her that they were raising the interest rate on her card due to the balance remaining at $5,000. She wanted to know if they could do that "DUHHHHHH.....of course... they are out $5,000 because of you!" 'BUT I make a payment every month,'...."Then WHY is your balance at $5,000?" "Because I go buy somethimg else...." LINDYY JUST PROVING the economic situation is a 2-way street!!!! |
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