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Old 07-10-2011, 09:01 PM
 
Location: Hoboken
19,890 posts, read 18,760,703 times
Reputation: 3146

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Quote:
Originally Posted by Frozenyo View Post
It also didn't say 6 eyed monkeys eat cheerios..So??

Just stop. I'm out!! Hahahahah. I love when you wingers own YOURSELVES!!
I'm surprised it took you this long to figure out how wrong you are. Of course it's important that the government did't deny what they were accused of doing.

Cheers!
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Old 07-10-2011, 09:04 PM
 
810 posts, read 837,576 times
Reputation: 491
I think we learned about this kind of scam from an episode in the Sopranos.

The math is simple, more people who can't afford loan payments = more government secured loans = more money to the banks. This is stealing money from the middle classes, "giving" it to the poor, and then handing everything to the rich. It's deceptively simple and only complicated by the fog of left/right wing dichotomy this country is under.
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Old 07-10-2011, 09:07 PM
 
Location: Hoboken
19,890 posts, read 18,760,703 times
Reputation: 3146
Quote:
Originally Posted by AllenDullesMJ12 View Post
I think we learned about this kind of scam from an episode in the Sopranos.

The math is simple, more people who can't afford loan payments = more government secured loans = more money to the banks. This is stealing money from the middle classes, "giving" it to the poor, and then handing everything to the rich. It's deceptively simple and only complicated by the fog of left/right wing dichotomy this country is under.
The way I read the article is the banks don't want to lower their standards. It is a feeble attempt by the administration to reinflate the housing market.
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Old 07-10-2011, 09:12 PM
 
5,036 posts, read 5,139,768 times
Reputation: 2356
It hasn't been long but these fools already want to go back to things that helped get us in the mess we are STILL in. And we see yet again the Holder DOJ focusing on race above all else. This man and others need to be fired NOW
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Old 07-10-2011, 09:47 PM
 
Location: mancos
7,788 posts, read 8,033,284 times
Reputation: 6701
what exactly would lending large sums of money to minorities with poor credit accomplish?Is thier a limit on how many loans you default on before you no longer qualify or do you just get moved to the head of the line? This is insane thinking and our gov is insane.
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Old 07-10-2011, 09:52 PM
 
6,137 posts, read 4,863,777 times
Reputation: 1517
Quote:
Originally Posted by parfleche View Post
what exactly would lending large sums of money to minorities with poor credit accomplish?Is thier a limit on how many loans you default on before you no longer qualify or do you just get moved to the head of the line? This is insane thinking and our gov is insane.
It'll make liberals feel warm and fuzzy inside. Definitely worth it isn't it?
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Old 07-11-2011, 09:18 AM
 
Location: Chandler, AZ
5,800 posts, read 6,570,627 times
Reputation: 3151
He's just picking up where Barney Frank left off; no surprise there, huh?
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