Offend Democrats (Page 5): I am amazed that anyone can blame the housing crisis on any entity but the banks and wall street. I guess the problems of this country will never be solved...

Gnslngr

I am amazed that anyone can blame the housing crisis on any entity but the banks and wall street. I guess the problems of this country will never be solved what with all the finger pointing. But finger pointing is, of course, what the people with their hands in our pockets want us to do. That way, we won't notice as they steal our money.

william48 Loc: New Philadelphia,Ohio

Gnslngr wrote:

I am amazed that anyone can blame the housing crisis on any entity but the banks and wall street. I guess the problems of this country will never be solved what with all the finger pointing. But finger pointing is, of course, what the people with their hands in our pockets want us to do. That way, we won't notice as they steal our money.

The facts are there for all to see and learn. Facts are that if the loans would have been good loans this housing bouble would not have happened.

You are stating an opinion you can not prove. there is plenty of blame to go around in this but the fact are that the banks where forced to make loans to people who could not hope to complete the loans. Forced is the operative word here, by the democratic congress.

Gnslngr

william48 wrote:

The facts are there for all to see and learn. Facts are that if the loans would have been good loans this housing bouble would not have happened.

You are stating an opinion you can not prove. there is plenty of blame to go around in this but the fact are that the banks where forced to make loans to people who could not hope to complete the loans. Forced is the operative word here, by the democratic congress.

Yup. Poor banks. One can only hope the BILLIONS of dollars in profit they made was some consolation.

william48 Loc: New Philadelphia,Ohio

Gnslngr wrote:

quote=william48 br br The facts are there for a... (show quote)

If this where true then why where there such big bail outs.
Comon man study the history.

Gnslngr

william48 wrote:

If this where true then why where there such big bail outs.
Comon man study the history.

Pulled the wool over the eyes of uninformed people like you. Follow the money if you want to know who the real criminals are.

Gnslngr

william48 wrote:

If this where true then why where there such big bail outs.
Comon man study the history.

Pulled the wool over the eyes of uninformed people like you. Follow the money if you want to know who the real criminals are.

william48 Loc: New Philadelphia,Ohio

Gnslngr wrote:

william48 wrote:

If this where true then why where there such big bail outs.
Comon man study the history.

Pulled the wool over the eyes of uninformed people like you. Follow the money if you want to know who the real criminals are.

The money is gone, evaporated. Yes many people who worked in the housing industry should have gone to jail. The realstate agents,appriasers that lied on the forms so they could get more loans written to people who could never pay the loan off. The banks had to prove they where compling with congressional mandates.

Gnslngr

william48 wrote:

The money is gone, evaporated. Yes many people who worked in the housing industry should have gone to jail. The realstate agents,appriasers that lied on the forms so they could get more loans written to people who could never pay the loan off. The banks had to prove they where compling with congressional mandates.

Please read any book by any reputable author about the crisis. You are being duped.

william48 Loc: New Philadelphia,Ohio

Gnslngr wrote:

william48 wrote:

The money is gone, evaporated. Yes many people who worked in the housing industry should have gone to jail. The realstate agents,appriasers that lied on the forms so they could get more loans written to people who could never pay the loan off. The banks had to prove they where compling with congressional mandates.

Please read any book by any reputable author about the crisis. You are being duped.

read this for your amusement;http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fingerprints_are_all_over_the_financial_fiasco/

william48 Loc: New Philadelphia,Ohio

Please offer me some reading.

sarge69 Loc: Ft Myers, FL

I love it
====================
"Lack of credit history should not be seen as a negative factor," the Fed's guidelines instructed. Lenders were directed to accept welfare payments and unemployment benefits as "valid income sources" to qualify for a mortgage. Failure to comply could mean a lawsuit.
=====================

Sarge69

madcapmagishion

How can Obama democrats be offended? For to be offended one must have a cognitive thought process and morals.

Gnslngr

sarge69 wrote:

I love it
====================
"Lack of credit history should not be seen as a negative factor," the Fed's guidelines instructed. Lenders were directed to accept welfare payments and unemployment benefits as "valid income sources" to qualify for a mortgage. Failure to comply could mean a lawsuit.
=====================

Sarge69

Source?

sarge69 Loc: Ft Myers, FL

Gnslngr wrote:

sarge69 wrote:

I love it
====================
"Lack of credit history should not be seen as a negative factor," the Fed's guidelines instructed. Lenders were directed to accept welfare payments and unemployment benefits as "valid income sources" to qualify for a mortgage. Failure to comply could mean a lawsuit.
=====================

Sarge69

Source?

William48's post back a bit in this thread. Did you not click on the link and read it ?

Sarge69

handgunner Loc: Windsor Locks, Connecticut

wireman8 wrote:

man-o-man I'll be glad when the election is over.

Election? Election? You call this jury rigging an Election? Usually , it's the best man wins... Voters are going out and voting for the man they dislike the least!!

:thumbdown: