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- R
Bail Out Money
This doesn't negate the facts. And the fact is that the suit was about people being denied loans for race when their financial background were similar to white whose loans were accepted. Nor the fact that citibank settled by agreeing to be race neutral in processing applications. No amount of... - R
Bail Out Money
Only problem is that subprime loans remained at 9% of total loans from 1996 to 2004 and THEN balloned to 21% after the OCC negated all the state laws in 2004. - R
Bail Out Money
NO one has explained to me how the dems started it. All I hear and read is people saying they did with no evidence whatsoever. Saying it's so , doesn't make it so. No matter how many times you say it. Regarding ther lawsuit, partisan blather aside. Here's what the lawsuit was about -... - R
Bail Out Money
You got it , norm ,lol. I just don't understand this need some have to blame one party or the other and then proclaim they're independents. They are all at fault and we put them there. Money for nothing....... - R
Bail Out Money
The Gramm-Leach-Bliley Act in 1999, which was the landmark deregulation bill that most economists credit with bringing about this crisis - was Republican sponsored, past by a Republican congress. Just what bills ' supporting these destructive policies' were enacted that caused this financial... - R
Bail Out Money
Bush had a republican controlled congress for the 6 years that he allowed sub prime lending to increase from 9 to 21 percent of all mortgages written. Nevertheless, let me get this straight. If something goes wrong when there's a democratic president with a republican congress, then it's his... - R
Bail Out Money
So, the single lawsuit that Obama along with several other lawyers, filed against Citibank for redlining loan applications in Chicago in 1994 is responsible for the mortgage crisis ? And you're still ignoring the fact that sub prime lending by Fannie Mae tripled under the Bush administration... - R
Bail Out Money
This is true, Will, that they didn't have a filibuster proof majority. But it's disengenuous to blame the Democrats for the lack of congressional or administrative action to rein in Fannie Mae sub-prime lending policies. You can't blame one president, because he's a democrat, for his... - R
Bail Out Money
The best part of that Fox News report you link to is this - John McCain spoke up for and cosponsored the bill to tighten regulations on Fannie Mae almost 9 months after the bill had died in committee. A Republican controlled Committee in a Republican controlled Congress with a Republican... - R
Bail Out Money
First, sub prime lending was not pushed, supported or legislated by congress as you state. Sub prime lending has been around since about 1980. Clinton, towards the end of his administration, pressured Fannie Mae to expand it's subprime lending. However sub-prime lending remained about 9% of... - R
Bail Out Money
Near the end of the Clinton administration, Congress(republican controlled incidentally) put pressure on the banks to increase mortgages to lower incomes. Washington politics had the presidency in impeachment defense and virtually paralyzed. Something we all like to forget when we're (9 years... - R
Bail Out Money
The whole mark to market accounting method receiving the blame for the current financial crisis is a red herring. The crisis was caused by bad lending, primarily in sub prime loans, that reduced the value of assets held by financial institutions. These institutions were fine with market prices... - R
Bail Out Money
Norm, You mean I was supposed to get money for that??? Now, you tell me. - R
Nadya Suleman
These days the biggest welfare programs are for the banks, stockbrokers and big business,lol. Coming soon, mortgagors who shouldn't have been buying the houses they did in the first place. If you're going to bitch about government welfare, get your priorities in order. The few that cheat the... - R
Re: Why Whites are targeted?
Thanks for your support, guys. BT,W any hope for a third class ***** to get a job at your new business? - R
Legalizing ************
Maybe your marriage is a form of financial and sexual slavery. Speak for yourself. - R
Deregulation sure sounds like fun!! Hooray for free market.
The economic recovery after 9/11 waas so weak that they kept rates low and encouraged a housing bubble so the administration could profess a great economy through exactly what you showed - consumer spending of home equity propping the economy up. A false economy was created based on increased... - R
Deregulation sure sounds like fun!! Hooray for free market.
Yeah, let's regulate their decorating expenditures. We could even set up a new government department for it. I want to be in charge of the Good Taste Division. - R
Tyranny Doth A Tiring Tyrant Try
LOL, sometimes you just gotta laugh.
