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Three years ago everyone was riding high on the hog wondering long it would be before they could retire a millionaire and Bush is a great guy. They elect in the damm Dem congress and the country goes to hell and they blame Bush. The country is in trouble but its everyones fault. Alot of people got into to much debt and got cot with their pants down. But it will all be OK. We are American we have been in worse. Just save more spend less and have patients.
"""Has anyone notice that sense Congress """or does Congress have sense?
Or did you mean " S I N C E "
"""Just save more spend less and have patients""
Well , SINCE I'm not a doctor I don't have any patients.
Sure looks like bushCo was a lousy leader, not a uniter but a divider. He should've seen this coming and he did nothing....obviously did nothing for education...
Three years ago everyone was riding high on the hog wondering long it would be before they could retire a millionaire and Bush is a great guy. They elect in the damm Dem congress and the country goes to hell and they blame Bush. The country is in trouble but its everyones fault. Alot of people got into to much debt and got cot with their pants down. But it will all be OK. We are American we have been in worse. Just save more spend less and have patients.
these economic problems started LONG before 2006... if you believe that then you're a damn fool.. realistically after the dot com bubble burst the stock market should have tanked more than it did. The financial statements of these large corporations have been skewed so far away from GAAP. Allowing them to lend money they don't have and then account for the entire terms of the loan as an asset on their books. It's like writing a check to cover a check to cover a check to cover another check that is bad... the reason the check was bad is because of greed, and banking on their sub prime lending schemes. Basically its all catching up with them.. and the average american got suckered into it (partly their own fault) but now that those homeowners aren't making good on their loans who the lenders shouldn't have done business with in the first place...we the tax payers have to foot the bill to ensure our entire financial system doesn't crash...the average joe blow that is going through foreclosure will have his credit ruined and won't be able to finance a pot to pee in for the next decade and forced to file bankruptcy... while these big lenders who were involved get bailouts so they don't go bankrupt
its just sickening...
Troll. He already knows this because it was discussed in another thread that he posted in. He's just trying to start an argument... Just like he did with his "why women shouldn't vote or drive" thread.
these economic problems started LONG before 2006... if you believe that then you're a damn fool.. realistically after the dot com bubble burst the stock market should have tanked more than it did. The financial statements of these large corporations have been skewed so far away from GAAP. Allowing them to lend money they don't have and then account for the entire terms of the loan as an asset on their books. It's like writing a check to cover a check to cover a check to cover another check that is bad... the reason the check was bad is because of greed, and banking on their sub prime lending schemes. Basically its all catching up with them.. and the average american got suckered into it (partly their own fault) but now that those homeowners aren't making good on their loans who the lenders shouldn't have done business with in the first place...we the tax payers have to foot the bill to ensure our entire financial system doesn't crash...the average joe blow that is going through foreclosure will have his credit ruined and won't be able to finance a pot to pee in for the next decade and forced to file bankruptcy... while these big lenders who were involved get bailouts so they don't go bankrupt
its just sickening...
It seems both candidates want to bail them out. I say let the chips fall. Tax payers should not have to pay for this.
Three years ago everyone was riding high on the hog wondering long it would be before they could retire a millionaire and Bush is a great guy. They elect in the damm Dem congress and the country goes to hell and they blame Bush. The country is in trouble but its everyones fault. Alot of people got into to much debt and got cot with their pants down. But it will all be OK. We are American we have been in worse. Just save more spend less and have patients.
So only people who took out loans since Dems took over congress are in foreclosure? Are you serious? Do you know how long it takes these shady ARMs and Interest only loans to crap out? Do you understand when the mortgage industry was deregulated?
If you are blaming the mortgage industry on Dems because they just happened to "run" congress now (why do you think they are now running congress.....terrible Repub ratings from the economy) then give them credit for the war. It's only recently gotten better and guess what. The Dems are in power in congress so it's obviously because of them
these economic problems started LONG before 2006... if you believe that then you're a damn fool.. realistically after the dot com bubble burst the stock market should have tanked more than it did. The financial statements of these large corporations have been skewed so far away from GAAP. Allowing them to lend money they don't have and then account for the entire terms of the loan as an asset on their books. It's like writing a check to cover a check to cover a check to cover another check that is bad... the reason the check was bad is because of greed, and banking on their sub prime lending schemes. Basically its all catching up with them.. and the average american got suckered into it (partly their own fault) but now that those homeowners aren't making good on their loans who the lenders shouldn't have done business with in the first place...we the tax payers have to foot the bill to ensure our entire financial system doesn't crash...the average joe blow that is going through foreclosure will have his credit ruined and won't be able to finance a pot to pee in for the next decade and forced to file bankruptcy... while these big lenders who were involved get bailouts so they don't go bankrupt
its just sickening...
Just for the record so everyone will shut up about this stupid party blame game, the reason we are in the mess we are in today is because of Texas Senator Phil Gramm. On December 15, 2000 he put a 262 page amendment into the appropriations bill that forbade federal agencies to regulate the financial derivatives that allowed for passing along risky mortgage-backed securities to investors. Combine with a irresponsible banking industry trying to maximize profits and you get a meltdown. There. Can we move on now?
"""Has anyone notice that sense Congress """or does Congress have sense?
Or did you mean " S I N C E "
"""Just save more spend less and have patients""
Well , SINCE I'm not a doctor I don't have any patients.
Sure looks like bushCo was a lousy leader, not a uniter but a divider. He should've seen this coming and he did nothing....obviously did nothing for education...
Why is it that liberals are great at spelling, writing, whining but, as a whole don't really do much else. Are there any examples that could lead me to believe different.
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