Who's fault is subprime.............

[ElCubano]

Quote from Trader666:

It wasn't "1 person" it was millions of deadbeats. Saying this is ultimately the lenders' fault is asinine and implies adults are not responsible for their actions.

exactly...but that 1 person is only at fault for his loan....the lender is at fault for lending the other million people money....was is it Joe Six packs problem that everyone and their mothers were on the same nipple??? caphice??

 

[Trader666]

So you don't believe in personal responsibility?

Quote from ElCubano:

exactly...but that 1 person is only at fault for his loan....the lender is at fault for lending the other million people money....was is it Joe Six packs problem that everyone and their mothers were on the same nipple??? caphice??

 

[volente_00]

Quote from gnome:

That's his "hopping on board".... All efforts to curb FNM or regulate it were met with vehement opposition by the Dems, so much so that it apparently could not be overcome.... So, "if you can't beat 'em, join 'em"...

I'm not saying Bush is guiltless... But he wasn't in office when it started.

So you are saying the gop is just as responsible as the dems are.


http://usgovinfo.about.com/library/weekly/aa061902a.htm

 

[ElCubano]

Quote from Trader666:

Your premise is flawed. Banks didn't give away money. They loaned it to deadbeats who defaulted.

would you lend money to a deadbeat??? and if you did who's fault would it be when he didnt pay you back?? cmon dont be sooo fucking stupid

 

[gnome]

Quote from volente_00:

So you are saying the gop is just as responsible as the dems are.


http://usgovinfo.about.com/library/weekly/aa061902a.htm

ABSOLUTELY NOT... The Dems started it all with their political greed. It was a TOTALLY STUPID, IGNORANT AND IRRESPONSIBLE concept from the beginning. Should have NEVER been... Everybody else hopped on board (to their discredit)... but it should have never even been considered.

 

[ElCubano]

Quote from Trader666:

So you don't believe in personal responsibility?

again ..in my first statement if you bothered to read it it says that person is only responsible for THEIR loan....this isnt the first time a person defaults on their loan....

what we are witnessing here is not about one person defaulting on their loan is it??

 

[Trader666]

Watch this and educate yourself, moron. Banks were encouraged, even coerced to make many of these loans.
http://www.youtube.com/watch?v=eW9viaJatpo

But even if banks did this all on their own, only an idiot would argue that it entitles deadbeats to live beyond their means and default on legally binding contracts.

Quote from ElCubano:

would you lend money to a deadbeat??? and if you did who's fault would it be when he didnt pay you back?? cmon dont be sooo fucking stupid

 

[BadCo]

Having read this entire thread, and hearing many good arguments, I've come to the conclusion that there's plenty of blame to go 'round.

 

[gnome]

Quote from BadCo:

Having read this entire thread, and hearing many good arguments, I've come to the conclusion that there's plenty of blame to go 'round.

If you're a DemoCrap and using your statement to rationalize "shared blame", you need to get you head out of your butt!

The DemoCraps STARTED IT... without their greed and stupidity, this all would have never happened...

 

[ElCubano]

Quote from Trader666:

Watch this and educate yourself, moron. Banks were encouraged, even coerced to make many of these loans.
http://www.youtube.com/watch?v=eW9viaJatpo

But even if banks did this all on their own, only an idiot would argue that it entitles deadbeats to live beyond their means and default on legally binding contracts.

you are flip floppin' amigo....the SUBPRIME debacle has not one thing to do with deadbeats homey....for deadbeats existed since before you were on ur mamis nips....WE KNOW DEADBEATS dont pay back.....stop arguing what we already now....there is a reason you dont loan someone with a 350 fica score money...unless of course you COULD suddenly lend them money and make huge comissions on the back end with no thought or worry about how it gets paid back...sheeesh im already salivating on the size of them commission checks...