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Getbig Main Boards => Politics and Political Issues Board => Topic started by: RagingBull on September 27, 2008, 11:00:58 PM
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Before you go blaming the innocent consumer/home buyer...check out some of these facts about america's corporate, government and financial swindles that accounts for TRILLIONS of dollars MYSTERIOUSLY DISAPPEARING.. Sadly the DUMBED DOWN american public refuses to hear how adjustable rate mortgages DELIBERATELY SCAMMED these home owners out of their money and then made it impossible for them to retain their homes by raising the mortgage rates two to three times what the rate was during the home purchase. Now the government wants to buy these homes for forty to fifty cents on the dollar??? That is CRIMINAL, why not offer that to the home owner so they can keep their home, banks will be paid and all of this fall out avoided.
When the smoke clears this will all be another SMOKE AND MIRRORS SCAM BEING PLAYED ON THE POPULACE WITH A FAKE SUPPOSED FINANCIAL COLLAPSE BEING USED TO FILL THE REPUBLICANS POCKETS AS THEY LEAVE THE WHITE HOUSE AND WASHINGTON AND LEAVE AMERICA IS FINANCIAL RUINS SO THE DEMOCRATS WILL BE LEFT TO TRY AND CORRECT THE PROBLEM.
http://www.rense.com/general70/trill.htm
http://www.onlinejournal.com/artman/publish/article_1047.shtml
http://solari.com/archive/missing_money/
http://www.dynionmwyn.net/enemies/Cheney/connections2.html
http://www.csgrr.com/pdf/newsletters/2006_3rd_Qtr_Corp_Gov.pdf
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Greed. Greed. Greed.
Sadly for the US, every citizen is getting the bill to bail yourself out. Low-income earners get shafted either way. Pity small business don't get the same treatment.
And the rest of the world is royally pissed...except Africa.
Cue Moosegay...and patriotic scum.
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I stopped watching this filth when it said:
It FORCED banks to.....
hahhahahahahaha
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oh brother,
spin, spin, spin
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Before you go blaming the innocent consumer/home buyer...check out some of these facts about america's corporate, government and financial swindles that accounts for TRILLIONS of dollars MYSTERIOUSLY DISAPPEARING.. Sadly the DUMBED DOWN american public refuses to hear how adjustable rate mortgages DELIBERATELY SCAMMED these home owners out of their money and then made it impossible for them to retain their homes by raising the mortgage rates two to three times what the rate was during the home purchase. Now the government wants to buy these homes for forty to fifty cents on the dollar??? That is CRIMINAL, why not offer that to the home owner so they can keep their home, banks will be paid and all of this fall out avoided.
When the smoke clears this will all be another SMOKE AND MIRRORS SCAM BEING PLAYED ON THE POPULACE WITH A FAKE SUPPOSED FINANCIAL COLLAPSE BEING USED TO FILL THE REPUBLICANS POCKETS AS THEY LEAVE THE WHITE HOUSE AND WASHINGTON AND LEAVE AMERICA IS FINANCIAL RUINS SO THE DEMOCRATS WILL BE LEFT TO TRY AND CORRECT THE PROBLEM.
http://www.rense.com/general70/trill.htm
http://www.onlinejournal.com/artman/publish/article_1047.shtml
http://solari.com/archive/missing_money/
http://www.dynionmwyn.net/enemies/Cheney/connections2.html
http://www.csgrr.com/pdf/newsletters/2006_3rd_Qtr_Corp_Gov.pdf
LOL Innocent consumer/homebuyer. ARE YOU KIDDING???
What about the massive amount of people who took out loans that they could not afford or people who squeezed out every bit of equity from their homes to refi multiple times to buy cars, tvs, etc....
Clinton deregulates loan criteria while in office and the mortage banks AND the consumers go gang busters like greed biaches. Investment banks take all of these new loans and use them to invest then all of a sudden they are worthless as home prices drop and people with their variable rate mortages are all of a sudden unable to pay their loans.
I had numerous friends that refi'd numerous times and are now out of a house. Also take a look at all the CEOs that no longer work for these institutions. No this was a combined effort on all sides. The greedy consumer, greey lenders, and greedy democrats and repuplicans that did nothing about it because everyone was making money.
Take a look at the legislation passed in 99 http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act
The New York times Saw this coming years ago.
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You guys are missing the point...your Messiah is a dirtbag.
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You guys are missing the point...your Messiah is a dirtbag.
The real fault lies with the mortgage brokers, appraisers, realtors, flippers, and borrowers who knew they could not pay these loans back.
BTW - how many illegal aliens took out these loans????
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FROM BARNEY FRANK: THE OTHER DIRTBAG in response to Bush's proposal to regulate the housing finance industry in 2003:
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
Please see Hussein for what he is...
Where are 240 or TA (our resident socialist) on this?
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I stopped watching this filth when it said:
It FORCED banks to.....
hahhahahahahaha
Actially, it is true. Read about the CRA act and how they made bankers give out more loans to poor and minorities who did not qualify under normal lending rules.
The banks who gave these out were irresponsible, but the borrowers, mortgage brokers, and appraisers, are equally to blame as it the congress like Barney Frank and Dodd.
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both parties are crooked. They bail out their greeddy banker friends every decade or so.
Just as Bush was 'over the top' on torture, declaring elective wars, domestic restrictions, and war borrowing, he's over the top on bank bailouts.
The good news is that if 65% of Americans pay their mortgages as planned, this deal will make us $ in the long run. Currently, over 90% of Americans do pay their mortgages.
Besides, Donald Rumsfeld waited until late afternoon on Sept 10, 2001, to admit the pentagon had lost $2.3 Trillion. It would have been the story of the decade, except the next morning a plane (?) happened to land in the room at the pentagon at 9:32 AM. This just happened to kill everyone involved in that 2.3 trillion lost.
Money never recovered. Everyone involved dead. most likely a 9:30 AM meeting getting everyone there. Coincidence, huh?
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both parties are crooked. They bail out their greeddy banker friends every decade or so.
Just as Bush was 'over the top' on torture, declaring elective wars, domestic restrictions, and war borrowing, he's over the top on bank bailouts.
The good news is that if 65% of Americans pay their mortgages as planned, this deal will make us $ in the long run. Currently, over 90% of Americans do pay their mortgages.
Besides, Donald Rumsfeld waited until late afternoon on Sept 10, 2001, to admit the pentagon had lost $2.3 Trillion. It would have been the story of the decade, except the next morning a plane (?) happened to land in the room at the pentagon at 9:32 AM. This just happened to kill everyone involved in that 2.3 trillion lost.
Money never recovered. Everyone involved dead. most likely a 9:30 AM meeting getting everyone there. Coincidence, huh?
I am happy that you are admitting that your Messiah/Hussein is nothing but a crooked dirtbag who was a big factor in the subprime debacle. BTW, I love it that your Messiah talks about change but has Biden, a Washington dinosaur/plagiarist as his running mate...how is that change?
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Every American should own a home!!! what a bunch of BS. That got us real far. When I was watching the DNC and I heard Nancy pelosi say "Every American should have health insurance" You can't speak in absolutes like that and expect capialism to work.
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both parties are crooked. They bail out their greeddy banker friends every decade or so.
Just as Bush was 'over the top' on torture, declaring elective wars, domestic restrictions, and war borrowing, he's over the top on bank bailouts.
The good news is that if 65% of Americans pay their mortgages as planned, this deal will make us $ in the long run. Currently, over 90% of Americans do pay their mortgages.
Besides, Donald Rumsfeld waited until late afternoon on Sept 10, 2001, to admit the pentagon had lost $2.3 Trillion. It would have been the story of the decade, except the next morning a plane (?) happened to land in the room at the pentagon at 9:32 AM. This just happened to kill everyone involved in that 2.3 trillion lost.
Money never recovered. Everyone involved dead. most likely a 9:30 AM meeting getting everyone there. Coincidence, huh?
My problem with this is that how many of these loans are fraudulent loans not really backed by real estate? Also, Who is going to buy all these foreclosures when people are strapped now?
Far from stabilizing the housing market, I think this is going to make prices fall even lower, which sucks for the homeowners in these areas trying to sell their homes now.
If liquidity is a problem, the govt can make new money available for new loans based on sound lending principles, but buying bad subprime loans seems stupid to me.
I myself blame the mortgage brokers for pushing many phony docs on the banks and the banks themselves for not duing due diligence on the borrowers as far as assets and income goes.
Giving out loans in the name of fairness to low income people is just irresponsible and should never have been done. All it did was drive the cost of housing up so high that the only way people could afford these stupid homes was through these stupid loans.
The congress is also to blame, mostly B. Frank and dodd for blocking all efforts to reign in Fanny and Freddy from pushing subprime loans.
Blaming Bush for this is stupid. He is to blame for a lot of things, but this aint one of them.
BTW, ZERO collected more money from Fanny and Freddy in the last 4 years than any other Senator and also had Ted Johnson on his campaign committee who looted the company of tens of millions of dollars. Ex clinton officials Franklin Reigns and Gorelick did not do so bad themselves either.
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ADHD
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My problem with this is that how many of these loans are fraudulent loans not really backed by real estate? Also, Who is going to buy all these foreclosures when people are strapped now?
Far from stabilizing the housing market, I think this is going to make prices fall even lower, which sucks for the homeowners in these areas trying to sell their homes now.
If liquidity is a problem, the govt can make new money available for new loans based on sound lending principles, but buying bad subprime loans seems stupid to me.
I myself blame the mortgage brokers for pushing many phony docs on the banks and the banks themselves for not duing due diligence on the borrowers as far as assets and income goes.
Giving out loans in the name of fairness to low income people is just irresponsible and should never have been done. All it did was drive the cost of housing up so high that the only way people could afford these stupid homes was through these stupid loans.
The congress is also to blame, mostly B. Frank and dodd for blocking all efforts to reign in Fanny and Freddy from pushing subprime loans.
Blaming Bush for this is stupid. He is to blame for a lot of things, but this aint one of them.
BTW, ZERO collected more money from Fanny and Freddy in the last 4 years than any other Senator and also had Ted Johnson on his campaign committee who looted the company of tens of millions of dollars. Ex clinton officials Franklin Reigns and Gorelick did not do so bad themselves either.
Voice of reason...thank you. Obama benefited from this fiasco to the the tune of at least $125,000 in contributions from Freddie Mac. Unfortunately, to the people who want "change", Hussein can do no wrong. There are way more sheep than shepherds...sad...but true.
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Voice of reason...thank you. Obama benefited from this fiasco to the the tune of at least $125,000 in contributions from Freddie Mac. Unfortunately, to the people who want "change", Hussein can do no wrong. There are way more sheep than shepherds...sad...but true.
Obama benefited way more than that from this debacle. Its gonna win the election for him.
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Obama benefited way more than that from this debacle. Its gonna win the election for him.
Even though he's one of the reasons for this mess...very sad.
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The inflated housing bubble is crashing.
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Greed. Greed. Greed.
Sadly for the US, every citizen is getting the bill to bail yourself out. Low-income earners get shafted either way. Pity small business don't get the same treatment.
And the rest of the world is royally pissed...except Africa.
Cue Moosegay...and patriotic scum.
That is bullshit. Comeback when you know what you're talkin about pal.
Try opening a small business.
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I had to post the new address as Warner Music Group took it down due to copyright infringement.
Re-posted at the top...here it is again>
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Every American should own a home!!! what a bunch of BS. That got us real far. When I was watching the DNC and I heard Nancy pelosi say "Every American should have health insurance" You can't speak in absolutes like that and expect capialism to work.
That is because Pelosi,Frank, Obama and rest of the DNC cronies want a Socialist government. It is a known fact Obama wants Income Sharing for the ehhmmm, less fortunate (people that don't like to work).
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That is because Pelosi,Frank, Obama and rest of the DNC cronies want a Socialist government. It is a known fact Obama wants Income Sharing for the ehhmmm, less fortunate (people that don't like to work).
The army of Obamabots will soon be here to try to crush you. The followers of the lord messiah are cultish in their begging for this ZERO.
Obama is a less experienced black version of bill clinton without the experience of being a governor of a state or an AG or the common sense to appeal to mainstream people.
He is a ZERO and talks a big game like Ray Nagin, the clown mayor of New Orleans.
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The truth mutes...
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THis is all over the internet. The dems are not looking too good...
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"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness."
The Democrats/Socialists should familiarize themselves with The Declaration of Independence...the document does not guarantee home ownership.
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The best times I ever had were in a cramped, one bedroom apartment.
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FROM BARNEY FRANK: THE OTHER DIRTBAG in response to Bush's proposal to regulate the housing finance industry in 2003:
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
Please see Hussein for what he is...
Where are 240 or TA (our resident socialist) on this?
Obama has been fighting for regulation of the credit market for a few years now. mcsames top advisor Rick Davis works for freddie mac, so dont try and play this bs video and blame obama ::)
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Obama doesnt have 15 houses like mscame ::) and is not worth $150Mill. Obama is more intouch with Americans, and thats why hes winning. Mcsame is running a terrible campaign, therefore would run a terrible white house, thus he does not belong in it.
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Obama has been fighting for regulation of the credit market for a few years now. mcsames top advisor Rick Davis works for freddie mac, so dont try and play this bs video and blame obama ::)
LOL.....WTF are you smoking? Thats ok, while McCain was there, Obama phoned in with "present". Get it right JR.
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Obama doesnt have 15 houses like mscame ::) and is not worth $150Mill. Obama is more intouch with Americans, and thats why hes winning. Mcsame is running a terrible campaign, therefore would run a terrible white house, thus he does not belong in it.
Then maybe he should get a job.
This is America son, so far it's capitalism here. If he, I or anyone owns 100 houses or 20 cars, it's our business, that the beauty of capitolism. Stay in Canada when the government runs you.
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Then maybe he should get a job.
This is America son, so far it's capitalism here. If he, I or anyone owns 100 houses or 20 cars, it's our business, that the beauty of capitolism. Stay in Canada when the government runs you.
::)
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Then maybe he should get a job.
This is America son, so far it's capitalism here. If he, I or anyone owns 100 houses or 20 cars, it's our business, that the beauty of capitolism. Stay in Canada when the government runs you.
Not for long, Coach, it's arrogance like this that will give us a Democratic President and Democratic house . Don't forget there are potentially 3 seats available on the Supreme Court as well...
By the way, the majority of people under the age of 30, are able to wade thru all the bullshit republican propoganda (such as AM right wing radio) and realise that voting Democratic is better for our country.....for now.
Can't wait til Thursday, Palin vs. Biden
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Then maybe he should get a job.
This is America son, so far it's capitalism here. If he, I or anyone owns 100 houses or 20 cars, it's our business, that the beauty of capitolism. Stay in Canada when the government runs you.
Matts a drone, a fuckwit on the periphery with spoon fed opinions; he is no different from the clowns on the right of the paradigm.
The changing racial demographic inside the U.S mean that there will be a lot of people who will have to be paid for, now, guess which group will have to be paid for? and which group will be doing the paying?
Oh and Coach, dont try and tell me that you - as with the rest of the so called free marketeers over the last twenty, thirty and maybe fifty years? - ever gave a thought to where your open borders and jewish run capitalism would get you?
The rod is for your own back, so sit back and enjoy the ride, you've earned it my friend.
Smug coons like Matt are but the tip of a very dark iceberg; they have been primed via a jewish media that pumps out the propaganda of the cultural revolution, so either pay up or bite the bullet, white boy.
lolz
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Not for long, Coach, it's arrogance like this that will give us a Democratic President and Democratic house . Don't forget there are potentially 3 seats available on the Supreme Court as well...
By the way, the majority of people under the age of 30, are able to wade thru all the bullshit republican propoganda (such as AM right wing radio) and realise that voting Democratic is better for our country.....for now.
Can't wait til Thursday, Palin vs. Biden
The majority of the people under 30 don't know any better and are probably still in college, don't have a job and don't pay taxes. Known fact is that the majority of colleges have liberal teachings. Admittedly, we are against the odds in that respect.
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Obama has been fighting for regulation of the credit market for a few years now. mcsames top advisor Rick Davis works for freddie mac, so dont try and play this bs video and blame obama ::)
Are you saying Obama has no connections to Fannie or Freddie then?
I guess you must be, but I want to be sure before I make you look the cunt
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Obama doesnt have 15 houses like mscame ::) and is not worth $150Mill. Obama is more intouch with Americans, and thats why hes winning. Mcsame is running a terrible campaign, therefore would run a terrible white house, thus he does not belong in it.
Didn't see you as someone with a chip on his shoulder.
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Didn't see you as someone with a chip on his shoulder.
ZERO is a multimillioniare who lives in a mansion. Who are these people kidding.
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Not for long, Coach, it's arrogance like this that will give us a Democratic President and Democratic house . Don't forget there are potentially 3 seats available on the Supreme Court as well...
By the way, the majority of people under the age of 30, are able to wade thru all the bullshit republican propoganda (such as AM right wing radio) and realise that voting Democratic is better for our country.....for now.
Can't wait til Thursday, Palin vs. Biden
You call this propaganda?
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vote on the bailout:
http://www.getbig.com/boards/index.php?topic=238695.0