liar… there is a free lunch… and it’s name is barack obama /nohomo lol
Shhh we aren’t allowed to think like that anymore. We have to put all faith in the Government to make things better, because…well, c’mon…it works wonders for the rest of the world doesn’t it :bloated:
I can’t wait to tell all those “yes we can” people “no you couldn’t”. lol.
Thats right…communism 101…get rid of all the intelligent free thinkers…my how I forgot.
Yeah thinking for yourself is bad. The government should think for us and tell us what to do. We should all just worship Black jesus and give them all our money becuase we are wayyy to ignorant to know how to spend it ourselves.
:mamoru: The, ah, subprime mortgage meltdown would sort of, um, suggest that this is true of our society as a whole, would it not?
people will spend it if you give it to them…responsible or not.
The problem is that the people who gave out those mortgages were not responsible and then people who got the loans took advantage of it and spent beyond their means and 2 wrongs dont ever make 1 right.
While your point is well taken, I somewhat disagree. People were given a way to have their dream homes, even though they could not afford them. While I somewhat agree with you, it is VERY bad thinking to take out loans they could not afford to pay off, however, it was equally the governments fault for enacting the bill which required banks to give out a certain percentage of said subprime mortgages.
yup… hopefully this is a wake up call for everyone in the country to live a little more humble/within a budget and not on credit, but I still hear people yelling that it was bush’s fault all over the TV/Radio (and friends of mine) :picard:
Bush made me max out my credit cards and sell my body on the street corners. 
well thats the problem, a lot of people were baited into it. They tried to do it to my sister “well, I know you want something in the 100K range… but from my math we see you can ‘afford’ 200K… are you sure you don’t want to keep looking?”
Ofcourse they are. People will never take responsability and say they themselves fucked up. it’s allways someone else’s fault. (actually Bush was pushing for the system to have restraint on the amount of subprime mortgages being handed out like candy on thanksgiving, but it’s still his fault :bloated:)
That’s not what the bill did. It lowered the credit requirements for a mortgage to be considered “subprime” and lowered capitalization requirements for said mortgages. (Allowing them to be treated like regular mortgages instead of holding extra reserves.) Clearly not a good idea in hindsight, but still, “Clinton signed a bill that made banks give out a certain percentage of subprime mortgages” is right up there with “Reagan actually caused the economic boom of the 90’s, it just took a long time” on economic statements that make me want to burn things.
It’s funny how people say “banks aren’t lending, that’s the problem”. I should make them sit here and field the calls coming in to my phone today.
Yesterday I filled out a lending tree re-finance quote and hit a couple other lenders who weren’t part of the lending tree network. My home and cell phones have been blowing up since about 9pm last night. I guess banks are more than willing to lend to some of us, but the days of loans going to unqualified buyers are rightfully over.
:spank:
You don’t really have anything to back that up and as far as the weak are concerned at 20,000 jobs lost a day this month. Expect this bill to pass regardless what any critic thinks.
I honestly hope it works, and everyone here should too. Reinvesting in infrasturcture, education, renewable energy and tax breaks for everyone on this board. C’mon we should be rooting for this. Imagine the job creation with renewable energy and infrastructure projects. Putting some serious money into the education systems that are failing due to a lack of teachers and crumbling schools in both Urban and rural sectors.
Sorry, but since the Republicans have brought nothing to the table to help America, I’m going to hold out hope that this works and I say again, everyone here should as well.
:lol: I showed that to a buddy of mine that wouldn’t get off the subject. (he’s a keith olberman lapdog… he’d eat dog shit if he told him to)
he didn’t say anything for 20 mins.
youtube is blocked at work. i will look later.
Here’s a verbal trailer… Barney Frank talking about fundamentally strong Fannie and Freddie are in 2001 and that all this talk by the Bush administration about needing oversight and regulation because the collapse of either of them could “accidentally the whole economy” is just bringing unneeded fear into the economy.
Then just simply tell me where the $ is coming from and exactly where its going.
eh, still doesn’t have anything to do with the notion that Clinton told banks they had to make a certain percentage of their loans subprime. In fact, it probably sounds a lot like Phill Gramm et al talking about what a great idea the Gramm Leach Bliley act was in 1999 and how the Democrats concerns for more oversight and regulation were just bringing unneeded fear into the economy
I love how naive people are about “money for infrastructure”. It worked for FDR because back then when you spent a million dollars on building a road 950000 of it went to the road. With today’s union bidding processes for government work a million dollars will get you 10 feet of road because you have to pay 100% of the workers healthcare, retirement, sick days, vacation days, holidays, minimum work hours, apprentice requirements blah blah blah. So instead of that million dollars employ a whole bunch of people to go build something the money doesn’t go very far and does little to help the economy.