dreamdancer 0 #26 July 29, 2011 i'm half irish - do i get a free pass stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
Amazon 7 #27 July 29, 2011 Quote i'm half irish - do i get a free pass No... you probably do not acknowledge it amoungst your mates. Quote Share this post Link to post Share on other sites
jclalor 12 #28 July 29, 2011 From your source: Quote"It failed the first time. It will fail this time as well. This is what caused the housing crisis in the first place: forcing banks to give loans to unqualified individuals…and sometimes these decisions were based on skin colorinstead of credit worthiness". I seem to remember it way different, I remember banks wanting to give me a 0 interest mortgage on a $900,000 house with no proof of income and a few dollars down (2%). No federal agency held a gun to their head, why? the bank did not give a shit, they were just going to sell the paper to JP Morgan who was going to bundle it and then sell it to some one else who would then bet with someone else that the loans would fail. Most people fell for this, with real estate going up 20% a year, all you had to do was refinance 3 years later when your loan converted and you came out looking great. To blame this whole scam on the Dems is insane, look no further than WS. and when all the loans failed, and the investment banks had to pay up, we bailed the banks out. You don't remember this? banks loaning money to anyone? Who could ever forget. Quote Share this post Link to post Share on other sites
rushmc 23 #29 July 29, 2011 Quote From your source: Quote"It failed the first time. It will fail this time as well. This is what caused the housing crisis in the first place: forcing banks to give loans to unqualified individuals…and sometimes these decisions were based on skin colorinstead of credit worthiness". I seem to remember it way different, I remember banks wanting to give me a 0 interest mortgage on a $900,000 house with no proof of income and a few dollars down (2%). No federal agency held a gun to their head, why? the bank did not give a shit, they were just going to sell the paper to JP Morgan who was going to bundle it and then sell it to some one else who would then bet with someone else that the loans would fail. Most people fell for this, with real estate going up 20% a year, all you had to do was refinance 3 years later when your loan converted and you came out looking great. To blame this whole scam on the Dems is insane, look no further than WS. and when all the loans failed, and the investment banks had to pay up, we bailed the banks out. You don't remember this? banks loaning money to anyone? Who could ever forget. You seem to have forgotten the main cause here The banks have some blame too. But the gov was pushing bankers to make loans to those who were not qualified. It is happening agian now"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
DougH 270 #30 July 29, 2011 People don't "fall" for something like that. Lets have some fucking accountability. People took a bet. They knew that they couldn't afford the mortgage. They knew they would have to refi and have the cards fall into place. That is a concious decions to roll the dice and see where you go. A mix of greed and stupidity for all involved. Including the pooooooooor wittle ittle innocent home owners. Fuckem they knew what they were gambling with."The restraining order says you're only allowed to touch me in freefall" =P Quote Share this post Link to post Share on other sites
dreamdancer 0 #31 July 29, 2011 Quote Quote i'm half irish - do i get a free pass No... you probably do not acknowledge it amoungst your mates. it's hard not to with a surname like o'connor stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
jclalor 12 #32 July 29, 2011 QuoteQuotePeople don't "fall" for something like that. Lets have some fucking accountability. People took a bet. They knew that they couldn't afford the mortgage. They knew they would have to refi and have the cards fall into place. That is a concious decions to roll the dice and see where you go. A mix of greed and stupidity for all involved. Including the pooooooooor wittle ittle innocent home owners. Fuckem they knew what they were gambling with. I agree 100%, that's why I didn't. Quote Share this post Link to post Share on other sites
Amazon 7 #33 July 29, 2011 Quote Quote Quote i'm half irish - do i get a free pass No... you probably do not acknowledge it amoungst your mates. it's hard not to with a surname like o'connor True dat Quote Share this post Link to post Share on other sites
