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Yes, these idiots never learn.
The warped view of what caused the financial crisis amazes me. Some of you will find any ing way to blame the poor. I tried to find a nice way to respond here but the fact of the matter is that Crookshanks is a blind idiot who will believe anything if it places blame on liberals, minorities, or the poor.
Its a damn shame we don't have a way to blame the gays or abortion for the financial crisis either.
Yes, these idiots never learn.
Wall St is political correctness? Because that's who found it as a solution.
Lol.
He basically did in this thread by admitting to hurting her case.
The "force" comes from lenders being scrutinized for any little thing that can be assumed to be racial bias. Lenders have to create packages that they can still see black ink with rather than red ink to meet these quota's that become real, even though they are stated as such.
What does that mean? What are the consequences they faced?
Just stop asshole. As much as you and your racist friends would love for it to be the case, the financial crisis was not even remotely caused by enforcing fair lending.
its amazing to me how ing stupid some of you are.
Have you never seen people CYA under the threat of investigation?
Come on man...
It happens in real life regularly.
What were they afraid of being investigated?
What were the consequences?
Quitter.
Geez people! I stated an opinion, which many people share, and you all act like I killed someone. Do any of you ever think about how hurtful your comments can be? You use profanity and obscenities and call people ugly names - just because they have a different opinion.
Too many of you think you're experts on every subject (Manny) and you really don't care to have a civil discussion. I haven't been posting much anymore because it's just not worth it to have people be so mean and hateful. Now - after this thread, I think I'm done. I have enough crap in my life already. You guys just prove what a miserable and depressing place this world is now.
You won't be missed.
Manny is an idiot, but Freddy and Fannie were doing what private lenders started Crooky....
bloombergBoehner also repeated familiar Republican political criticisms that Fannie Mae and Freddie Mac, the two government mortgage companies, “triggered the whole meltdown” of the U.S. financial system.
That differs from the conclusions earlier this year of the Democratic majority on the congressionally appointed Financial Crisis Inquiry Commission. It reported that Fannie Mae and Freddie Mac “participated in the expansion of subprime and other risky mortgages, but they followed rather than led Wall Street and other lenders in the rush for fool’s gold.”
Cry me a river. Your OP reeks of ignorance, and there's really no excuse, since WH and others have provided a boatload of threads in this very forum that addresses the sub-prime mortgage scam, from a lot of different political angles, coupled with news sources from all political sides, which could never lead you to conclude that the poor or minorities caused the financial meltdown.
Perhaps you, and the 'many people' (completely unsubstantiated, much like the OP) would actually have an informed opinion, as opposed to repeating something they heard, we would be having a civil discussion.
Here's an idea: Instead of wasting time posting how everybody is so mean, spend that time getting informed.
Dan is still butthurt. Awesome.
As for Crookshanks, there's there door. Goodbye.
nothin beats cheating the system, lending money to those who were geared to the bone and continue to do so as long the commission comes in...then selling the mortgages in units offloading them to the private sector managed funds to investors
"Some of you will find any ing way to blame the poor"
... blame the unions, so let's screw them out of their CONTRACTS
... blame LGBT for 9/11 and Kartrina, so let's screw them out of civil rights.
... blame Human-Americans, so let's screw them out of everything.
... blame the teachers for failed school systems, so let's screw them and destroy the public school system (which is really screw-the-blacks-and-browns racism).
... VRWC blames anybody and everybody except the VRWC criminals themselves.
and the VRWC-screwed bubbas, sheeple, red-staters, Bible-thumpers, "Christians" fall for the VRWC lies every time.
"I stated an opinion, which many people share"
You parroted a VRWC talking point/propapganda, blaming the poor and/or the guvmint for the financial crisis, when it was predatory lenders WILLINGLY, AGGRESSIVELY writing bad mortgages while ignoring F&F rules about qualifying borrowers.
it wasn't a very well thought out opinion
does the force flow through all lenders or is it found by doing a blood test?
While i agree, people were rooked into bad loans. One lingering question i always have is where in the is the personal responsibility here? They didnt have to take the bad loan, it was pretty easy to take a moment while you are financing one of the biggest purchases you will ever make, to see exactly how it all works, and what the future may hold.
When we bought our first house in 2004, we were offered a variable rate loan. Our loan officer went on and on about how great it would be, how are mortgage payments would only be 300 a month!! Then he half heartedly mentioned the regular old fixed rate mortgage. with a payment about 3x that. Wow, how does this all work?!?, we thought.
We took all the info home and looked it over. Realized the ARM wasn't for us, and made our decision.
Why couldnt all these helpless defaulters have done the same thing? Is it that they were so hungry for anything they could get, that they just signed without research? In my opinion that is just as much on their shoulders as it is on the banker who pushed it. I mean, shame on the banker for not making them aware of the risks, but shame on the buyer for not being more educated about what they were doing.
Why is there no sense of personal responsibility??
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