The Real Culprits In This Meltdown

[XDConvert9mm]

Originally Posted by Etta Place

No, because it's too hard to read. I hate reading pdf files.

It links Clinton and the resurrection during his term of the CRA. Quite enlightening. It's a shame PDFs are too much for you where the facts are concerned.

[AZXD]

Etta, I agree .... Bush approved those loans, and masterminded this whole thing as a diversion to remove the suspicions people have about how the Iraq invasion was done for the sole purpose of cornering the oil market for a few select friends of George and ****.
Of course ... All of that was a diversion to draw attention away from the fact that he paid Bin Laden and planned the flying of airplanes into the twin towers and the Pentagon. Which we all now was actually done because people were starting to wonder about the long vacation he was conducting after the commencement ceremony. Which was when the real plan was put together to get that bad guy Saddam for embarassing daddy who covered for the poor service record of junior as he galavanted around, strutted his stuff, drank booze, snorted coke, and missed his weekend duty assignments

[Etta Place]

Originally Posted by AZXD

Etta, I agree .... Bush approved those loans, and masterminded this whole thing as a diversion to remove the suspicions people have about how the Iraq invasion was done for the sole purpose of cornering the oil market for a few select friends of George and ****.
Of course ... All of that was a diversion to draw attention away from the fact that he paid Bin Laden and planned the flying of airplanes into the twin towers and the Pentagon. Which we all now was actually done because people were starting to wonder about the long vacation he was conducting after the commencement ceremony. Which was when the real plan was put together to get that bad guy Saddam for embarassing daddy who covered for the poor service record of junior as he galavanted around, strutted his stuff, drank booze, snorted coke, and missed his weekend duty assignments

Sounds about right!

[AZXD]

Originally Posted by Etta Place

Sounds about right!

I figured that you would agree with what I call ... Utter stupidity and in doing so ... Show obvious Bush Derangement Syndrome

[DMWyatt]

Right v Left, Left v Right...

Every single person out there who keeps overspending themselves and living beyond their means are the root of the problem. If in fact the mortgage holders had made sure that they understood their obligation to pay every month on time regardless of circumstance, and adjusted their other expenses accordingly none of this would have happened. No matter how screwed up the process is, or how bad the government mucks it all up, the people are the ones fighting a hangover that they, themselves created. Regardless of political or idealogical affiliation or thought, the simple fact is that the whole system relies on the lowest common denominator: the people. If you fix this messed up concept of the world we have as a people, maybe then you can start to fix the concept of fiscal ethics in government and the markets.

Start here: If you happen to be one of the defaulted mortgage owners who can't pay, and won't be able to pay; you can start paying off your debt through civil or military service.

[Bree]

What's the matter with you folks? You all want to blame someone... some politician or company president. The blame for mortgages failing is squarely on the people who took the money and assumed the responsibility to pay back the loans!! The people that failed to pay back their loans are the ones ultimately responsible for this mess.

Since when aren't people accountable for their own misjudgements and poor management of their own affairs???

Clinton, Bush and the rest of the likely suspects you have rounded up may be guilty of something but they aren't guilty of failing to pay back the mortgage loans... the people who took the money are.

American greed starts at the ground floor and works its way up. People wanted more than they could afford and were willing to gamble on insanely risky loans. Many involved in giving the wrong people money also knew that the Fed would end up bailing the whole system out so they had little to lose and much to gain. The moneylenders share financial and even criminal responsibility for their poor judgements and poor handling of their own affairs.

I think there should be no bail-out. Let the people who took the loans suffer the consequences of their foolishness. Let the banks that failed to properly underwrite these loans go down the chutes. Let the regulators who allowed this insane underwriting to lose their jobs or go to jail in the worst cases. Let the economy go in the tank no matter how much the nation suffers.

Pathe Mathos... Learning is Suffering.

No $700 Billion bailout. Time for this nation to start learning.

[yeahYeah]

the govt. is working like crazy to get something done because they know their fingerprints are all over this and Americans are becoming aware of this. Chris Dodd, Barnie Frank need to resign for this.

[redhatchbox]

I'm not a fan of Clinton... but as I said in a previous thread.. Gasoline was under $1 a gallon...

[yeahYeah]

Originally Posted by redhatchbox

I'm not a fan of Clinton... but as I said in a previous thread.. Gasoline was under $1 a gallon...

was that his doing or the market?

[Etta Place]

Originally Posted by yeahYeah

was that his doing or the market?

Like it or not, presidents get the credit and the blame for what happens under their watch.