Off-Topic: I didn't think so ...

Off-Topic: I didn't think so ...

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	Name:	water_watcher -
	Subject:	I didn't think so ...
	Date:	4/2/2009 3:32:02 PM

That is where you are wrong ... the mess we are in today was not the fault of capitalism, but rather bad liberal legislation that is tied to their erroneous socialist thinking.

The banking problem started under Carter with the Community Reinvestment Act that lowered the requirements for government backed loans. It worked so well (ha ha) that under Clinton he lowered the standards even more and fined banks that were not issuing enough loans (that was Obama's job at the law firm he worked at to sue banks that did not give enough of the sub prime loans).

As the Bush administration saw what was going on and the warning signs at Fannie and Friddie, they tried to fix it and the democratic congress blocked the efforts and denied there was a problem.

Funny how Raines that ran Fannie Mae walked with $90 million in bonuses, was an advisor to Obama yet no one is screaming for him to return the money as the government has had to spend $300 billion in bailout of fannie Mae and Freddie mac.

Now how was that capitalism fault. I can assure you that the banks did not want to make these loans.

When I got my first mortgage it was not very easy and needed a real down payment and good credit and a good paying job. Somehow the government thought it was a great idea to give loans to people that could not pay.

Other messages in this thread:

View Entire Thread

Intellectuals - architect - 4/1/2009 9:48:20 PM

Intellectuals? - Summer Lover - 4/1/2009 10:17:05 PM

What do you believe? - MartiniMan - 4/1/2009 10:17:21 PM

Intellectuals - DJ - 4/1/2009 10:50:24 PM

Intellectuals - rude evin - 4/1/2009 11:27:16 PM

Intelligence - Talullahhound - 4/1/2009 11:30:20 PM

Intelligence - architect - 4/2/2009 12:07:46 AM

Follow-up - architect - 4/2/2009 12:13:34 AM

Suggestion - Summer Lover - 4/2/2009 2:24:12 AM

Architect - READ - water_watcher - 4/2/2009 6:45:05 AM

Intelligence - MartiniMan - 4/2/2009 2:16:35 PM

Intellectuals - JustAGuy - 4/2/2009 2:47:41 AM

Intellectuals - architect - 4/2/2009 8:06:47 AM

Pointless debate? - Lady - 4/2/2009 8:34:28 AM

Pointless debate? - water_watcher - 4/2/2009 10:48:17 AM

Please .... - water_watcher - 4/2/2009 10:49:54 AM

I didn't think so ... - water_watcher - 4/2/2009 2:24:01 PM

I didn't think so ... - architect - 4/2/2009 2:39:06 PM

I didn't think so ... - water_watcher - 4/2/2009 3:32:02 PM

I didn't think so ... - architect - 4/2/2009 7:09:30 PM

I question it.. - alahusker - 4/2/2009 7:44:17 PM

I didn't think so ... - Summer Lover - 4/2/2009 3:45:14 PM

I didn't think so ... - Summer Lover - 4/2/2009 2:42:23 PM

Suppose - Talullahhound - 4/2/2009 5:42:02 PM

Suppose - water_watcher - 4/2/2009 7:04:16 PM

Suppose - architect - 4/2/2009 8:13:58 PM

Suppose - water_watcher - 4/2/2009 8:25:01 PM

Here you go - water_watcher - 4/2/2009 8:29:09 PM

Architect - water_watcher - 4/2/2009 8:48:32 PM

Suppose..YOU ARE SO WRONG - architect - 4/2/2009 9:52:29 PM

Suppose..YOU ARE SO WRONG - architect - 4/2/2009 9:57:17 PM

Read This - It may help - water_watcher - 4/3/2009 5:52:22 AM

Read This - It may help - architect - 4/3/2009 7:44:18 AM

Read This - It may help - water_watcher - 4/3/2009 8:24:11 AM

Here is personal proof - water_watcher - 4/3/2009 8:35:49 AM

Here is personal proof NOT - architect - 4/3/2009 5:40:39 PM

Here is personal proof NOT - water_watcher - 4/3/2009 6:25:52 PM

Here is personal proof NOT - architect - 4/3/2009 9:36:58 PM

Here is personal proof NOT - architect - 4/3/2009 9:43:55 PM

Here is personal proof NOT - water_watcher - 4/4/2009 6:09:38 AM

Here is personal proof NOT - architect - 4/4/2009 8:06:45 AM

Here is personal proof NOT - water_watcher - 4/4/2009 8:30:30 AM

One final thought - water_watcher - 4/4/2009 8:43:29 AM

Here is personal proof NOT - architect - 4/4/2009 9:02:10 AM

Here is personal proof NOT - water_watcher - 4/4/2009 6:51:02 PM

Here is personal proof NOT - architect - 4/4/2009 8:11:02 PM

I almost forgot - architect - 4/4/2009 8:40:04 PM

I almost forgot - water_watcher - 4/5/2009 7:41:55 AM

Here is personal proof NOT - water_watcher - 4/5/2009 7:44:23 AM

Other examples - architect - 4/5/2009 8:02:38 AM

Civil rights? - Talullahhound - 4/4/2009 9:41:00 PM

Civil rights? - cobra - 4/4/2009 10:05:30 PM

Other examples - architect - 4/4/2009 10:21:57 PM

I agree with some - water_watcher - 4/5/2009 8:04:56 AM

Civil rights? - water_watcher - 4/5/2009 7:47:13 AM

Give credit where credit is... - rude evin - 4/5/2009 8:42:53 AM

Give credit where credit is... - architect - 4/5/2009 9:37:09 AM

Give credit where credit is... - water_watcher - 4/5/2009 10:19:38 AM

Give credit where credit is... - architect - 4/5/2009 10:51:08 AM

Give credit where credit is... - water_watcher - 4/5/2009 11:29:52 AM

So - Talullahhound - 4/5/2009 3:22:01 PM

Give credit where credit is... - Lady - 4/5/2009 5:19:40 PM

Give credit where credit is... - rude evin - 4/5/2009 5:42:03 PM

Give credit where credit is... - water_watcher - 4/5/2009 5:49:49 PM

Give credit where credit is... - water_watcher - 4/5/2009 5:47:26 PM

Give credit where credit is... - rude evin - 4/5/2009 6:06:14 PM

Suppose..YOU ARE SO WRONG - water_watcher - 4/3/2009 5:33:25 AM

Suppose - Talullahhound - 4/2/2009 9:33:49 PM

Suppose - water_watcher - 4/3/2009 5:40:40 AM

Intellectuals - au67 - 4/2/2009 9:13:08 AM

Intellectuals - John boy - 4/2/2009 11:27:08 PM

Intellectuals - water_watcher - 4/3/2009 5:42:19 AM

Hey, John Boy... - Mack - 4/3/2009 8:32:39 PM

Intellectuals - AUCATZ - 4/3/2009 12:26:17 PM

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