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Author Topic: Obama administration pushes banks to make home loans to people with weaker credi  (Read 169 times)
Pray_4_War
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« on: April 02, 2013, 07:35:54 PM »

http://www.washingtonpost.com/business/economy/obama-administration-pushes-banks-to-make-home-loans-to-people-with-weaker-credit/2013/04/02/a8b4370c-9aef-11e2-a941-a19bce7af755_story_1.html

Those that do not learn from history are doomed to repeat it. 

By the time you are done reading this article some liberal armchair economist will jump in and argue that the Comunity Reinvestment Act and mortgage backed securities did not cause the collapse of the housing market.  Well here's your chance to try again and see what happens.  See you all in line at the soup kitchen!
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GigantorX
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« Reply #1 on: April 02, 2013, 07:39:18 PM »

Gotta reinflate that bubble no matter the costs.

It's to compressed to see clearly but the graph is headed back down.

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Shockwave
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« Reply #2 on: April 02, 2013, 09:22:54 PM »

Nothing to see here gents, move along, the white house/federal reserve/powers that be keep telling me that were recovering, they must be telling the truth, why would they possibly lie?

/sarcasm
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Pray_4_War
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« Reply #3 on: April 02, 2013, 09:30:33 PM »

Nothing to see here gents, move along, the white house/federal reserve/powers that be keep telling me that were recovering, they must be telling the truth, why would they possibly lie?

/sarcasm

The real problem is that the rich aren't paying their fair share.

/sarcasm too
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24KT
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« Reply #4 on: April 02, 2013, 09:45:11 PM »

The real problem is that the rich aren't paying their fair share.

I think the real problem is people aren't spending their money, so they're doing everything possible to force people's money out into the marketplace... either into stocks, bonds, real estate etc., in order to keep those 3 bubbles which are on the verge of popping, going a bit longer.
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