Stef C Loc: Conshohocken (near philly) PA

Also - still waiting for an answer on what "The American Way" is.

bcheary Loc: Jacksonville, FL

Any bets that when he is out of office he starts attending his local mosque? :hunf:

Stef C Loc: Conshohocken (near philly) PA

Thank you for proving my point. Does that mean he wasn't close with Jeremiah Wright then?

Unfortunately for you, guys like you are on the way out. :)

And don't get me wrong, Islam and Christianity, while a very good tool/sacred practice for some people to achieve happiness and overcome obstacles,, are equally ridiculous guesses and assumptions. You could say the same about atheism too.

The fact is that we don't know, and we're measly collections of stardust in a universe(s?) much bigger than us.

There are tons of things to criticize Obama for, but his religion and skin color (not that you said that) aren't included. That's the whole *ffing point of America, and why it's so frustrating when people talk about "the real America" in an exclusive or discriminatory way.

Bazbo Loc: Lisboa, Portugal

I'm in.

bcheary Loc: Jacksonville, FL

No he is a mendacious prick who was playing politics so that he could get elected. :hunf: :hunf: :XD: :XD: :evil:

jwenz Loc: Northern Wisc.

[quote=bcheary]That is what the dumbs libertards can't understand.


There you go again Bitchery, Man, you have some real ager issues. It's going to be one long ass wait for the next election for you big fella.
Perhaps some yoga lessons might help.

Violameister Loc: michigan

Perhaps my understanding is simplistic, but I thought no deregulation occurred. What happened was that Fannie Mae and Freddie Mac lowered their eligibility standards for mortgages, and "encouraged" private banks to do the same. Because of Fannie and Freddie backing, banks had little incentive to continue high standards so lots of bad loans ensued. I put the blame on the quasi governmental agencies Fannie and Freddie for wanting to put "everybody" in their own house whether they could afford it or not. Banks, in general, are not stupid enough to give out loans that are almost sure to fail without the encouragement and support from a 'higher power".

Bazbo Loc: Lisboa, Portugal

The dismantling of Glass-Steagall eliminated the wall between merchant and commercial banking. This allowed banks to take risks with depositors money that they had never been allowed to take before. Fannie and Freddie were side shows.

Banks started taking portfolios of loans and breaking them up into mortgage backed securities and reselling them to investors. Since one investor never held a complete mortgage, only a bunch of tiny slivers of many mortgagees, this broke the basic and age-old relationship between borrower and lender.

When that relationship was broken, mortgage underwriting just went to hell. The theory (other than immense profits) was to spread the risk into many securities. After all, when an investor held a thousand pieces of a million mortgages, who cared if a few dozen mortgages stunk on ice, right?

This is oversimplifying, but that was the basic idea. Everything was fine as long as the property values kept rising and no one was the wiser. When home values stalled, many people found themselves under water and were forces into default and foreclosure. Thats she the whole ponzi scheme started to unravel.

Classic bubble burst brought to us by banking deregulation.

WNC Ralf Loc: Candler NC, in the mountains!

how much do you want to bet?

Stef C Loc: Conshohocken (near philly) PA

Oh yeah, that's a first. A politician playing politics. I'm embarrassed for you that you're surprised.

Again - there are plenty of policies, decisions and things he's failed/messed up on to be criticized for, but you only think he's a prick because you disagree with him, and probably because he's black judging from your other posts.

I'm not surprised you didn't really directly respond to a single point i made.

The good news is, guys like you are on the way out!

wilpharm Loc: Oklahoma

Never, Never underestimate older people steffy..especially ones who are smarter than you, like BC….

Stef C Loc: Conshohocken (near philly) PA

I didn't mean his age, I just meant guys like him.

WNC Ralf Loc: Candler NC, in the mountains!

At least we can hope!

bcheary Loc: Jacksonville, FL

$1, I am a big spender. :lol: :lol:

bcheary Loc: Jacksonville, FL

:lol: :lol: :thumbup: :thumbup: