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

Quote from gnome:

Without the DemoCraps "Affirmative Action Lending" policy, there NEVER would have even been such a thing as "sub-prime"... non-qualified J6Ps would have never been involved, and we wouldn't have this mess today.

LOTS of people abused and did wrong.. but the DemoCraps started it... They deserve the keystone blame... :mad:
More...

Is bush a dem now ?

Because I remember him making a speach once about how everyone should be able to own a house including minorities.
 
Quote from volente_00:

Is bush a dem now ?

Because I remember him making a speach once about how everyone should be able to own a house including minorities.
More...

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.
 
Banks didn't give away anything... they were ripped off by deadbeats who defaulted on freely signed, legally binding contracts.

You must be either a punk kid or a deadbeat yourself not to see that.
Quote from bit:

The McDonald's premise was yours, not mine - I merely correctly your flawed analogy.

And if banks loaned to deadbeats then they did, in fact, GIVE AWAY THE MONEY!
More...
 
Quote from Trader666:

Nah... you just proved you're a liar and you're trying to obfuscate the truth, just like Jack... you're too easy! You have a great weekend too :p
More...

Please, the post was made in jest.
Jack invent the copier, the PC, software languages, and the internet and email?
Goes to prove "Common Sense" is a dying commodity.
You are what you are . . .
 
Quote from Trader666:

Banks didn't give away anything... they were ripped off by deadbeats who defaulted on freely signed, legally binding contracts.

You must be either a punk kid or a deadbeat yourself not to see that.
More...
You must be a mortgage broker.
 
Quote from otcstockfund:

actually they were selling these products willy nilly cause the risk premium was thought to have been sold off via cdo's and no damage would be made since it would be spread throughout many different parties, of course the default risk premium was pretty much nil if prices are going up 20-30% a yr,
More...

They were selling them off all over and kept the worst pieces on their books.

Funny noone mentions the role of S&P and Moody which knowingly gave this worthless paper AAA ratings so that they could be sold to government pension funds. The same people at the ratings firms who were in charge of the critical process are still there, while firing a few underlings who had little or nothing to do with this.
 
Quote from Trader666:

Oh please yourself. I suppose this post was made in jest too...

I plan on being in AZ this winter sometime. For you I would suffer a day or two in Tucson as long as I didn't see a Warthog flying overhead.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1587656&#post1587656
More...

Hey, I would have dinner with a miscreant like you too. It would be better than an evening in front of the Comedy Channel. Shoot me over your address and I'll come visit.
 
You must log in or register to reply here.
Back
Top