U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies > Elections
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-16-2008, 11:30 AM
 
Location: SF Bay Area
14,318 posts, read 21,524,696 times
Reputation: 18436

Advertisements

You Conservatives can stick your heads in the sand and pretend this isn't true, but the economic problems we're experiencing are DIRECTLY the result of the Bush and McCain Economic philosophy.

Robert Creamer: Why the Financial Meltdown Reflects the Fundamental Failure of the Bush-McCain Economic Philosophy
Rate this post positively Reply With Quote Quick reply to this message

 
Old 09-16-2008, 11:32 AM
 
2,262 posts, read 3,604,521 times
Reputation: 382
Please think for yourself instead of believing what you read on liberal websites.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-16-2008, 11:33 AM
 
13,722 posts, read 18,194,584 times
Reputation: 16940
Oh, BULLCRAP! What is going on right now is a result of BANKS loaning money to people who couldn't afford a house. And actually CLINTON is a big part of that because he thought everyone should be able to own a home and he tried to make sure everyone could, even if they couldn't afford it. But basically it comes down to banks being greedy and loaning money to people who really couldn't afford to make the payments.

But how does this affect us? It doesn't.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-16-2008, 11:37 AM
 
Location: Wilmington, NC
8,574 posts, read 7,320,567 times
Reputation: 835
the thread and article lose credibility when they hyphenate bush-mccain. what a joke.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-16-2008, 11:39 AM
 
Location: Chicagoland
41,321 posts, read 43,413,286 times
Reputation: 7117
New Agency Proposed to Oversee Freddie Mac and Fannie Mae - New York Times

Five years ago bush tried for more regulation, to no avail, thanks to the dems. The dems, including hill and obama are in the pockets of fanny/freddie, lehman and other financial entities. It was the democrats who pushed forward more home loans for poor and low income people.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-16-2008, 11:41 AM
 
13,183 posts, read 14,423,982 times
Reputation: 4548
Quote:
Originally Posted by luzianne View Post
Oh, BULLCRAP! What is going on right now is a result of BANKS loaning money to people who couldn't afford a house. And actually CLINTON is a big part of that because he thought everyone should be able to own a home and he tried to make sure everyone could, even if they couldn't afford it. But basically it comes down to banks being greedy and loaning money to people who really couldn't afford to make the payments.

But how does this affect us? It doesn't.

No luzianne banks are safe. To the extent they stayed out of mortage lending.

You see back in the 1990's the GOP failed to deregulate banks. Banks are still required to have a certain amount of deposits on hand in relation to their loans.

The GOP did manage to lift this requirement for mortage lenders and now we're on the hook for Hundreds of Billions.

Thank you luziane and fellow GOP voters for not knowing what the hell is going on......once again.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-16-2008, 11:44 AM
 
Location: Chicagoland
41,321 posts, read 43,413,286 times
Reputation: 7117
New Agency Proposed to Oversee Freddie Mac and Fannie Mae - New York Times

Quote:
Significant details must still be worked out before Congress can approve a bill. Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'' Representative Melvin L. Watt, Democrat of North Carolina, agreed.

''I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,'' Mr. Watt said.
Here you go; from FIVE years ago. See what the dems were saying then.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-16-2008, 11:45 AM
 
13,722 posts, read 18,194,584 times
Reputation: 16940
Quote:
Originally Posted by padcrasher View Post
No luzianne banks are safe. To the extent they stayed out of mortage lending.

You see back in the 1990's the GOP failed to deregulate banks. Banks are still required to have a certain amount of deposits on hand in relation to their loans.

The GOP did manage to lift this requirement for mortage lenders and now we're on the hook for Hundreds of Billions.

Thank you luziane and fellow GOP voters for not knowing what the hell is going on......once again.
They got into mortgage lending TO BAD RISKS because they were greedy. That is not the government's fault. Lehman's Brother's had debt and NO CASH. That's why they went bankrupt. How is that the government's fault? Bush let them go bankrupt and did not bail them out. Which is exactly what he should have done.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-16-2008, 11:46 AM
 
2,215 posts, read 3,493,953 times
Reputation: 507
The liberals must be feeling pretty bad right now. They have caused this meltdown.

First and foremost, Jimmy Carter did it in 1976 and Bill Clinton did it in 1993.

Both of these Presidents are very much the reason for the mortgage crisis we are seeing.

Carter put into place a new way of people buying homes, he wanted the mortgage industry to make sure they do not forget the poor and inner coty people and therefore created this mess called sub prime lending to those people.

Reagan made sure it did not get out of control, Bush I did it and then came Clinton, he not only did what Carter did but he is almost 100% to blame for this mortgage crisis by creating the low end no qualification loans that we see are failing right now. Clinton went out of his way to make sure that low income, inner city and poor credit folks were given the right to be able to own a home.

In the long run, it has came back to haunt us. If you detailed "most" of the bad loans that are causing this is from the Clinton era where the people should have never owned a home and have never been stable enough to pay their payments when they get either laid off or fired.

So, get your facts correct, Clinton is to blame for this meltdown because those same people who under Clinton were given loans should not have, and when they lose their jobs or get fired, instead of moving on to another job they just give up. The rest of us move on to other jobs and keep paying our payments.

Just for your info, Fannie and Freddie failed only after your dem congress allowed them to become unregulated and greedy. This dem controlled congress lifted requirements on the loans therefore allowing more losers to get loans they could not afford.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-16-2008, 11:47 AM
 
Location: Floribama
18,553 posts, read 40,076,174 times
Reputation: 18106
Quote:
Originally Posted by Alexus View Post
You Conservatives can stick your heads in the sand and pretend this isn't true, but the economic problems we're experiencing are DIRECTLY the result of the Bush and McCain Economic philosophy.

Robert Creamer: Why the Financial Meltdown Reflects the Fundamental Failure of the Bush-McCain Economic Philosophy
HuffingtonPost, puleeeze! I'm glad Chuck Norris got to tell that loon off on national TV, he made her look like the fool she is.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies > Elections

All times are GMT -6.

© 2005-2023, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top