The mortgage "crisis"

shaneburris74 · #1 10-06-2008, 08:57 AM

Heres a couple links for yall. This just goes to show that not every american should own a home. I know some of you liberals out there will think I'm being "mean". Some savvy business men wanted to give everyone a mortgage and look where we are now. Look at the date on this first article. And, I attached the snopes write-up.

http://query.nytimes.com/gst/fullpag...5AC0A96F958260

http://www.snopes.com/politics/business/easescredit.asp

If that don't hit ya in the face I don't know what will.

P.S. Sarah Palin is a hottie!

willy · #2 10-06-2008, 09:42 AM

those facts have been out for a long time Shane and it is nice to see them put together like that.
problem is or rather was the only people talking about it to the general population was Mark Levin, Rush et. al.
Bush got hammered and so did McCain for introducing these laws and proposals in the press as trying to keep the poor and down trodded down with typical socialist playbook media bashing using class warfare tactics.
Then the congressional demo/socialist leaders saw what was coming and forced it to a head intentionally now thirty days out from the election to not only put Obama in the office but to empower them for the coming crisis to make significant government controls possible when he is in office and finally bring control over the economy by the government and other sweeping changes they want to make in their agenda.
Anyone who believes the timing of this was not intentionally done is blind.
Anyone who believes giving the control of all three branches of government to these left wing idealogues is not the most dangerous thing our country will face for its future is has his head up his proverbial arse.
JMHO

THEFERMANATOR · #3 10-06-2008, 10:04 AM

The real kick is look at the top and see when the article was printed. Then pay extra close attention to paragraph #3. I posted some videos on this last week putting this info into slides. All I got was that I keep posting against the dems, why don't I post where the repubs tryed to stop it. JOHN MCCAIN himself as well as BUSH BOTH tryed to stop this and predicted it to happen. Yet they were persucuted for saying it.

parishht · #4 10-06-2008, 11:19 AM

Interesting what this guy says in 1999
I think this is the section that FERM is talking about.

"In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.
''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''

macojoe · #5 10-06-2008, 12:47 PM

And after all this mess some fool just gave me a mortgage in July!! Will they ever learn??

chumbucket · #6 10-06-2008, 01:34 PM

Quote:

Originally Posted by macojoe

And after all this mess some fool just gave me a mortgage in July!! Will they ever learn??

I know. Ain't that a hoot?

LESTERUS · #7 10-07-2008, 10:49 AM

I come from a comunist country (cuba) i don't believe more control of government is the answer to any problem, and furthermore, i believe everybody should have the same opportunities, but not the same things, only what you can earn with the opportunities given to you.
Those who knowinly bougth properties beyond their means, shoul suffer the consecuences and pay the price.

chumbucket · #8 10-07-2008, 11:12 AM

You're absolutely right there LESTERUS. You want something nice? Work for it! You want something a little bit nicer? Work a little harder for it!
We are not teaching the younger generations anything about personal responsibility.

reelapeelin · #9 10-07-2008, 02:38 PM

Quote:

Originally Posted by willy

those facts have been out for a long time Shane and it is nice to see them put together like that.
problem is or rather was the only people talking about it to the general population was Mark Levin, Rush et. al.
Bush got hammered and so did McCain for introducing these laws and proposals in the press as trying to keep the poor and down trodded down with typical socialist playbook media bashing using class warfare tactics.
Then the congressional demo/socialist leaders saw what was coming and forced it to a head intentionally now thirty days out from the election to not only put Obama in the office but to empower them for the coming crisis to make significant government controls possible when he is in office and finally bring control over the economy by the government and other sweeping changes they want to make in their agenda.
Anyone who believes the timing of this was not intentionally done is blind.
Anyone who believes giving the control of all three branches of government to these left wing idealogues is not the most dangerous thing our country will face for its future is has his head up his proverbial arse.
JMHO

"Bush got hammered and so did McCain for introducing these laws and proposals in the press as trying to keep the poor and down trodded down with typical socialist playbook media...."

Well cry me a river...Bush and McCain foresee the worst economic disaster since the depresssion coming, make an attempt to subvert it and get hammered and run off to do something easier...musta been the same week they voted to got to war and save us from the dreaded WMD...and the liberal media is again to blame...can't all the conservatives in this country pass the hat and scrape together enough to put their own TV station on the air so that their side of the story can be shared with people who are sick to DEATH of Russ's whinin'....oh PLEASE...

willy · #10 10-07-2008, 05:45 PM

my friend, I agree that we have been let down by our government we are in the process of being screwed by the main stream big press.
But I hope at least you and I can agree on one thing, men like us will watch our country change into something we will not like, something we would not want to hand to our kids if Obama gets in and the left wing of the democratic party controls both houses.
Is there really any doubt about that?