uhh yeah they didOriginally Posted by white24d
The dems caused it .................................
The republicans call for oversight YEARS ago, only to have BArney Frank sit there an say "all is well"
The dems are the ones that passed the CRA and they are the ones that used community organizations to pressure banks to lend to people who werent qualified including minorities.
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They called for oversight my ass.
Remember, this is the party that wants government out of their lives.
De-Regulation is the key talking point of the right. Am i wrong?
MCCain sponsored a bill back in 02 and again in 05 that was killed off by both sides. The bill would have killed the market for subprime mortgages. The warning signs were there long before the bubble burst but no one wanted to listen.
Also dont forget that Fannie and Freddie were at the heart of this mess and they were controlled by Barney Frank, Chris Dodd, and even an Obam advisor during the elected Franklin Raines. I didnt bother to look at how it ended, but Raines got in alot of trouble for cooking Fannie's books.
OBAMA FTW.
So democrats are the ones that give you home loans. oh now i understand the ways of the world. Geez i never saw this before.
Pure BS
And guns kill people
Actually banks give loans. The problem is, banks were forced to give loans that they knew would never be paid back. That is why "aternative mortgages" were created. It was a way for the banks to get some money out of poeple before they defaulted on those loans.
Yeah, I was just being a smart ass.
Well both sides are guilty of not doing anything.
no... one side is guilty for causing it and supporting it until it collapsed (then blaming it on the other side), the other side is guilty of not pushing hard enough to stop it.Yeah, I was just being a smart ass.
Well both sides are guilty of not doing anything.
so in a sense, one side is guilty of doing too much while the latter is guilty of not doing anything.
The left did not cause this meltdown.
Bankers did. I wish Rush Limbaugh would choke on a chicken bone so this would stop already.
I'm not sayng the repblicans are innocent, by it's wildly known the dems pushed for the do some research. Barney frank should be hung
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
And the republicans had hearings 4-6 years ago when we found out freddie was cooking it's own books and the dems assured everyone it was fine . It's public record look it up
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
Was Bill Clinton writing home loans, ummm not so much. Gore , no , Obama , no.
Stupid people trying to get rich caused it. Thats it.
Trying to help people get in to homes is not a bad idea. Greed is a hell of a thing.
Maybe if all of our money wasnt tied up in Iraq and this BS " war on terror". WE would have ahd the funds to fix this problem years ago.
Before you make an even bigger ass of yourself, read up on the Community Re-Investment Act, and more specificly the amendments passed by Congress in '93. I would have to check dates, but I believe they were lame duck at the time it was passed because republicans took control of both houses in '94 with the "Republican Revolution".
W O W. Instead of having petty arguements can't we all just accept that we are EVENTUALLY royally screwed. I know a couple of people that are active military right now that have been told they are not going to Iraq or Afghanistsn but they are being stationed here in the us for "training". These are both theese guys are Rangers. They specialize in urban warfare ,and just finished thier last set of training exercises before deployment ,and now they are staying for more training and not being deployed? You can think what you like but the truth to the matter is we are headed for a severe downturn in this country, yes i have some ammo but need to get more, no i hope it doesnt happen but like a good boyscout im always prepared. Screw the conspiracy theories, the doom and gloom, im going to look at history and see that each and every powerful civilization before us has fallen and as each one fell it has gotten worse and worse. The pharos,greeks,romans,ottomans,british empires all fell due to thier unwillingness to help thier people. Sooner or later everyone revolts, its just a matter of time before enough people get tired of being used and abused by thier government. Shit happens so does life but one thing we know is everything is cyclical. Viva la Revolucion
Hey do me a favor real quick jump back into the gene pool i have some chlorine tablets i wanna try out!!!!!!
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