Wrong. Democrats are responsible for the mortgage meltdown, not Bush....
Posted By: sam on 2008-09-20
In Reply to: And I bet you voted for George who got us in this mess. - Bushies are responsible
McCain tried to tell them in 2005...Dems blocked the regulation he begged for for Fannie/Freddie. But the Dems were too deep in the pockets...Franklin Raines, Jamie Gorelick, James Johnson, Timothy Howard...all democrats, all walked away from fannie Mae with golden parachutes of millions...and we are left holding the bag. Fannie contributed more to Chris Dodd, Democratic head of Banking and COmmerce committe than any other senator in the past 20 years...followed closely by Barack Obama, who has only been IN the senate for 2 years...you do the math and follow the money. Democrats largely responsible for this. ANd you want to put one in the white house. Who wants to raise taxes in this financial crisis. What part of collapse of the economy don't you...and Mr. Obama...understand?
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Democrats are not responsible
for the mess we are in. It's the republicans and all their deregulation, for one thing. How about the war in Iraq and the huge deficit we now have? And then there are the corporate tax breaks. All of those things have contributed to the mess we are in. The money didn't trickle down, did it? It only made the top 1% of the people in this country better off. Those aren't things the democrats have done.
The republicans made this mess and then they have the gall to turn around and blame the democrats. Do you know why? Because there are those out there who don't know better and will believe them. That's what they are relying on. The republicans got into office with lies and misleading the public and they are still trying the same tactics. Hopefully enough people will not buy into it this time.
Even knowing the Democrats are responsible....
for this mess we are in and going to be on a 7billion dollar hook if they have their way....we are cleaning up THEIR mess...and your Mr. Obama is second on the list for donations from Fannie...he has gotten almost as much in 4 years as some senators in 30 years...even KNOWING that...you want to put him in the White House. How can you possibly ignore that??
If you want to claim that the democrats in congress were not equally responsible for their votes...
there is no talkin' to ya. But anyone who knows how voting works, knows the Dems share responsibility for any action or inaction that was taken.
I still say Petraeus knows more about it than Barack Obama does. And frankly, than you or I do.
Yes, that is the same thing we heard about Viet Nam, so no matter what we promised them about helping them, we just left. And the worst genocide in history followed right behind...the killing fields of Cambodia. And here the left is...wanting to do it again. No matter what indeed. Sigh.
Bush is the one that CAUSED this economic meltdown.
x
Wrong again. I am not responsible for
spreading joy to anybody else who is so miserable that they cannot stand it until they make everybody else around them just as miserable. This sludge has no power over me or what I feel about the amazing transformation we are about to witness in this country, and I intend to enjoy every single moment of it, despite obamaknockers best efforts at killjoy. Like most Obots, I can walk and chew gum at the same time.
Get ready for a compliment. Giving up is the smartest thing you've said all night.
Bush is not responsible for New Orleans' plight
Their wonderful mayor is and he loves it and still loves it. Bush didn't cause Katrina; sorry but you obviusly needed to hear that. Bush didn't cause all those folks to be standing around screaming for the government to help them. Now, on the other hand, their previous mayor WAS DIRECTLY RESPONSIBLE for much of the disaster that took place afterwards and before. Why didn't he fix the levy with the 60 million dollars he was given years ago? Why isn't the citizens of New Orleans having a pissfit over that? I'll tell you why........because he's a black mayor. Bush had nothing to do with their situation, just like Obama would have had nothing to do wiht their situation. Mayor Ray Negan had LOTS to do with it. The only reason he wants everyone to come back and live there is because the more moochers living there, the more federal money, i.e., MY MONEY and YOURS, he will receive to once again squander away just like he has done for years.
They needed a new charity hospital; he could have built several with all the billions he has received but he didn't. Didn't hear any of those poor folks yelling about that did ya? No! They go for the white guy in power, which was Bush. Now, if that had been Obama, you would not have heard all the screaming and preaching about the big bad President.
On the other hand, the ones really hit hard by Katrina, the gulf coast of Mississippi, where was all their help? Why weren't they standing in the streets blaming the president for their plight? Because they were folks who worked for a living and never thought for a minute a human being cause a hurricane! They got up and got to work clearing and doing what they could until help came, which by the way should have been them first but it was those screaming in the streets down in New Orleans. Katrina hit the Mississippi gulf coast the hardest, a direct blow!
Wrong. The democrats have had majority in senate and house for two years.
If they had acted to regulate Fannie and Freddie they could have stopped this. If they had listened to John Mccain in 2006 they could have stopped it. Bush admin tried two times to regulate it and the Dems blocked it. You can blame the war and whatever else you want on the Republicans, but this economic mess was began in the Clinton administration and Barney Frank and Chris Dodd have perpetuated it. Please do the research and stop with the Republicans are all responsible mantra, because in this case, it simply is NOT true.
All the DEMOCRATS that voted with Bush for war
nm
I saw no interest in Democrats uniting behind Bush....
and why on earth would I change my concern about Obama just because he won the election??
I cannot trust a man who says one thing to one person and something else to another. He goes to Israel and tells the Palestinians that Israel should just give the country back. Then he meets with Israelis and backs off of it. He tells one thing to Pennsylvanians and other thing to San franciscans ABOUT Pennsylvanians. He distances himself from Richard Daley and then brings a crony onto staff. Sorry, but I have no interest in backing someone I do not trust. What difference does it make? Nothing I say matters anyway; so just let me have my say and go on about your business aligning yourself behind O the adored. Don't even bother to act like if the election had gone the other way you would be aligning yourself behind McCain and Palin. a bit hypocritical aren't we? lol.
Yes, but to many Cons, Bush can do no wrong.
off a cliff, they would. As long as they defend his murderous lying ways, we won't get anywhere. How can lying about a sexual escapade be more offensive and damaging to our country than lying about an illegal, immoral war? So, what, they love him because he is a consistent liar, etc.????
It is regrettable you call yourself a **recovering** Democrat, as I find that insulting in itself; do you really think you should be welcomed with open arms to a liberal board by using that term? Often it is the approach that is used that turns people off, as I belive is the case below. I am a Democrat and Democrats frustrate me to no end sometimes, but I would rather drink Drano and gouge my eyes out with a spoon than be a Republican...at least what it means now. There was a time when I respected them, but now I feel nothing but contempt for all they stand for. Neocons have hijacked what was once an honorable party with their fake moral values and hypocrisy which I simply cannot stomach.
And don't get me started on the media wimps.
Yes, it's a pity we can't remain civil in debate and to respect each other's differences and try to get along, but I fear those days are over, as long as people are too busy watching American Idol, et.al., and not paying attention to what is going on around them, defending corruption or, worse yet, remaining silent.
I don't see where anyone believes Bush has done no wrong
It's the fact that several of us don't believe he is the cause of all the suffering in the world like many of you here do. Some of us are not blinded by Bush hatred nor are we Bush loyalists to the point where we think he's done everything right. I believe several of the *crashers* on this board have said that, but you refused to either read the body of their posts or believe what they say.
Well, then, what has Bush done wrong in your opinion?
I'd like to know.
Chris is on the way to a meltdown
Not only was he rude but he's getting worse and worse as the democrats ratings keep dropping. Talk about a pit bull (without lipstick). He's attacking his guests not giving them a chance to answer the questions. That's not "pinning someone to the wall like a bug". That's just rude. He should ask the guest a question, let him answer, and then respond to his answer. To badger and not let your guest answer a question you ask while giving free reighn (sp?) to the democratic guest is just pure horse hockey. After today I no longer watch his show. I want some truth and clear cut answers and I believe every guest should be allowed to answer a question in full without the host bullying him (which by the way I do not believe Obama called Sarah a pig). Still is no excuse for Mathews to act like that. He's supposed to be a host and treat both sides fairly. That he does not do. He did this to other guests and luckily they said to him let me answer your question. MSNBCs ratings are going down the tube and they just lost one more viewer.
Sorry, wrong word....he DOES want to let the Bush tax cuts EXPIRE.
That will increase everyone's taxes across the board. THEN he will make his "tax cut." You will not see much of a cut, if any. Raising capital gains taxes is going to hurt the market, and about 50% or more of this country have their retirment and 401-Ks in the market...and not all of those people are RICH. You have to look at the BIG picture, not the class envy stuff he is feeding everyone.
You have it wrong nawnaw. That is including Bush cuts. nm
nm
"we" blame Bush for what he did wrong, sorry if you cannot bear to....sm
take the blinders off. I thought Bill Clinton was a great Preident and humanitarian, but a LOUSY husband, but the country did not marry Clinton, and the Pubs with Ken Star and his WITCH HUNT went after Bill for what he did in his private sexual life that had nothing to do with his job as President. Wow, we impeached the guy and spent millions of tax dollars doing it!!! Yay! But he still led us one of the most prosperous times in American History budget-wise, and if he is kinky in his bedroom, so what? Do you want someone in your bedroom? What do you guys use as a measure for success? Blind loyalty was what REALLY got all the people to drink the Kool-Aid down in Jonestown, and with all the denial about the Bush years, I feel like we are down there in that jungle.
We are broke now in an economic meltdown and
post-911 mindset. There is only one way out for those who look forward to what lays beyond that quagmire. I'll give you a hint. It does not involve a right turn.
It's a meltdown, and heads are starting
to explode!
Okay....let's see...McCain picked the financial meltdown...
as the #1 issue. OBama picked his run for the Presidency. Meaning he is always going to put Barack first. McCain put his country first. End of story.
The candidate who runs from the economy during a meltdown
it is plain to see which side of the fence the hate is coming from.
I prefer the definition of economic meltdown.
Ignore it and your campaign will go down in flames.
Fact remains....McCain saw this meltdown coming....
and the Dems would not listen. They did not want to upset the golden apple cart. And we the people are left holding the bag. Do I want one of them in the white house while we are trying to work our way out of this? No way, no how, nobama.
In the current economic meltdown....he has to inspire confidence...
fortunately for me, I am reaping the benefits of one of his agendas. I would be absolutely THRILLED if he can accomplish it all within the time limits he has imposed upon himself - but, he has an army of congress to aid our progress - how much will the pubs obstruct? I guess we will have to wait to see. I could pisss in my cheerios and embrace your negativity but I'd rather go to bed and have fabulous sex with my husband - we have something to celebrate.
Why should we pay your mortgage?
Why on earth should the people who were smart enough not to jump on the bandwagon and buy a bigger house than they could afford give a 30% mortgage decrease to the people who went hog wild and spent above their means? I am not a homeowner, by choice, and I am totally against giving anyone a decrease on a mortgage that they agreed upon when they purchased their home. You make a mistake, you pay the consequences!
Mortgage
Somebody who cannot afford to buy a house should not buy a house, bedasue they do not want to lose out on the rent money.
There are people out there who buy a house, rent it out and expect the tenants to pay the mortgage. If something goes wrong, who pays the mortgage then?
Wrong speculations!
about that fixing your mortgage --
are they going to go back and fix everybody's mortgage that has already had their house foreclosed?
DH and I should get our mortgage fixed....
we have no debt but our home, have never missed a payment or been late, pay a few hundred dollars extra every month towards the principal, have never taken out a HELOC or used our equity (quite a bit) for anything and have a fantastic credit score. We should have our rate lowered below the 5% it is now for doing a great job. But no, we'll give a break to those who bought too much house, had to compete with the Jones' and who took out foolish loans to begin with.
The Mortgage Failure......
Check out the mortgage failures.
Tell me which failed more, prime or subprime
Tell me what is the rate of failures under the CRA or even Bush's ADDI (which i attack alll the time)
Once again, REALITY AND THE DATA doesn't fit ya'lls claims.
Basically what happened was.. we reformed bankruptcy laws.. so that people who ran into dire straights could not restructure.
We packaged the loans into commodity derivatives. These are sorta mirror bets on the loans. Sorta..as the same loan will be sold many times in many derivative packages.. that's why the housing derivatives are worth more than all the real estate in the US. Derivatives are actually not that bad.. when a market is stable and only has to deal with natural forces. The housing market was bubbled.. partially due to low interest rates that encouraged everyone to buy, even the rich, and partially due to the CRA and the ADDI.. which did add customers to the market (helping form the bubble was the extent the CRA and the ADDI had in this mess)
All it took was a few failures to pop the bubble..and make real estate prices drop,. and mind you, it was mainly prime loans (READ not loans given to poor people and not loans under the CRA) that failed. The derivative market.,.which like I said, is really mirrors of the same loans.. cause the defaults to explode with ten times the ferocity, because one loan could effect the price of dozens of derivatives.
Really the poor and even irresponsible people .. simply did not have the economic ability to cause this mess. Pool all their money together and waste it on hookers.. it would have zero effect without help from the rich elites and their magnifying packaged derivatives.
THE CRA and ADDI both had stricter requirements than loans you got from normal banks.. both required income data.. where many prime loans did not.. they also greatly limited you on how much home you could purchase..whereas private banks did not care if you tried to buy something you could not afford.
Don't believe me?.. Look in the phone book.. call your own housing authority - you can get a loan for 106% the purchase price of a home even today.. if you're poor enough.
Ask to hear the red tape and hoops you must go through.. Heck, it is probably easier to just get a real job and earn real money than go through the FHA.
I don't think we should bail out anyone's mortgage.
Anyone who took out a mortgage and signed a contract to repay the loan and needs to do so. I don't care if they are illegal aliens, legal aliens, space aliens, or United States citizens.
That's how the mortgage cookie crumbles!
I am still against bailing out homeowners only!
the whole mortgage thing upsets me...sm
I have a subprime mortage and have had for over 3-1/2 years, but I make my payments on time every month. I can't even get a refinance to go through with almost $40,000 in equity in the house and only needing a loan for $85,500, as I put down a big down payment when I bought the house, but if I had an ARM or was in foreclosure there are programs that would put me in a new mortgage. So, here I am trying to take care of my bills, be a productive citizen, and I get no help. Makes lots of sense don't it.
McCain's mortgage plan
Did anybody understand when McCain brought up plan to buy bad mortgages and renegotiate, etc. Would that be with the $700 billion we are already shelling out or would this be an additional $300 Billion the taxpayers have to pay. If I can get my mortgage renegotiated with the government, maybe I'll just stop paying my mortgage and get something out of this after all!
Citi is my mortgage holder too. sm
They are just downright nasty when you call, can never post things on time, and then have the nerve to call and ask me when I am going to send my check when I have my bank statement in front of me saying they processed the check 3 days before they called me.
I am with you...LET THEM ALL TANK. Why should I give ANYBODY more of my hard earned money. And that includes Obama and his "redistribution of the wealth" schtick.
Disagree. Mortgage lenders FM/FM
and sub-prime mortgages did it, along with all the money certain senate leaders got for sticking up for for FM/FM. It's called GREED.
Dear Crabby, about the mortgage
Yes, American people were also greedy, but there were predatory lenders who got higher commissions for giving out those certain types of ARM mortgages. Do you know what an ARM is? Even if people qualified for conventional mortgages, the mortgage brokers didn't offer them because there was more money in it commission-wise for them if they brokered the ARM loans. We can thank Bush and the repubs because they did not want to regulate any of this.
You really should educate yourself.
Fugget about Uncle Tom's Cabin. Is that your claim to fame? aww shucks.
I have my mortgage throught CitiCorp.....
I wonder if I will see any of that largesse....NOT. Guess you have to be on the letter head. Oh well....LOL
No need to wonder...current mortgage bank crisis...
brought to you courtesy of greedy democrats on Congress and greedy Democrats at the top of Fannie Mae. The handwriting is on the wall. This one's on you. McCain saw it coming in 2005 and the dems shut him down. Well, we are reaping what they sowed. To quote Toby Keith...how do you like them now?
Rush just said the same thing....give everyone with a mortgage...sm
something like $75,000 to pay down their mortgage.
Do you agree with him also?
Yes, slimy mortgage companies who have no oversight....they don't ask anything
just selling 'em as fast they could and packed them all up into nice little derivatives to drive up the bubble and make fast money - at our expense.
You don't mind paying for an illegal mortgage?
nm
If the current mortgage securities plan prevails,
come out of it all smelling like a rose. They are proposing to refinance the mortgages based on inflated appraised values that existed BEFORE the mortgage crisis, not the current lower values. In this way, the homeowners will still end up owing more on their mortgages than their homes are actually worth....they will just be paying for it for a longer term with more accumulated interest on the loan. Those terms are the ones we need to keep our eyes on and see how it plays out, but it looks to me like it is not going to make it into the next session of Congress.
BT, I am sooo with you, we also finally paid the mortgage, the cars are ours....sm
and no more credit, bad debts and loans killed the economy and Wall Street. Just providing for our 3 kids and making ends meet is the daily challenge, but we have each other and a good extended family, I so hope that the good thing that comes out of this crisis is LESS MATERIALISM in this country, back to simpler living and being happy with less!
I'd be happy if they just reduced everybody's mortgage rate to a fixed 3%. sm
Then everyone is still responsible for the debt they took on, yet they're still getting a break. It would free up a couple hundred bucks a month for me, which I could then use elsewhere to stimulate the economy. Fewer foreclosures, banks are still getting their money.
Yeah, but wouldn't it be great if they paid your mortgage?
Apparently, you have no problem with charity if it begins at "home."
Thank you for being responsible..
enough to read up on someone and not take someone else's talking points and pass them off as fact. I am amazed at how many people are quick to jump on the bandwagon of rumor, name calling and hatred just because someone else has a different opinion. To those of you who can't do your own homework on the candidates without a little help from the far left or the far right, please don't vote, it is a waste of your time. Please don't vote for someone based solely on gender, color, military service or age.
As I said in my other post, there are a lot of gullible people out there who believe anything and everything they read. Do your own research, branch out further than Fox News, MSNBC, NY Times, etc. Educate yourselves!
Because someone is responsible for us being where we are...
people we trusted to be taking care of us, and they sold us down the river. And that is wrong. I would be saying the same thing if it were the Republicans responsible. They have been responsible for other things, sure they have. I am not an id*ot. However, this crisis, this huge crisis we find ourselves in, was completely avoidable. And I believe they should be held accountable. This is a really big deal. We are going to be on the hook for a huge amount of money before this is over. I guess I am the only one who cares how we got here. But I do care.
No, I'm responsible for my own "O"
nm
You mean the same way O is not responsible for
Rev Wright's sermons, Tony Rezko's shady deals, Bill Ayers actions 40 years ago, Acorn's discrepancies and Blago's corruption?
Yes, because I am responsible I am SOL
Exactly... oh because I have never been late on a payment, you wont help me? I have to be at least 3 months behind on my mortgage? No thanks.
Even though I lost the 50K I put down and I'm in an upside down mortgage (in a west coast state)...
I also bought at the height of the market in an ARM (7 years) with a stated income, probably someone they never should have given a loan to, however I can afford it! For now at least...
Yes it irks me like no other that I can't refinance simply because I've done the right thing.
it is quite disturbing
good luck to you!
Yes, he is responsible...(sm)
He's responsible for cleaning Bush's deficit, 2 wars, an economic meltdown that Bush ignored, etc..etc...etc...
The owner is responsible for her pet.
I do not hate cats, but I don't particularly like them either. And I especially do not like doing my puttering in my flower bed and unearthing a nice fresh pile of cat poo. It's disgusting. But back to the issue at hand. Is there a reason why this woman cannot keep this cat in the house? Other than the fact that she is secretly enjoying this in some perverse way? It's really pretty simple. Keep. The. Cat. In. The. House. Period.
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