Housing Crisis Solution #1

[SDML]

Hahahaha! Yes.

What happened to Gunnit?

[Gunit Hussein Sangh]

been right here ... what did you think happened to me

[SDML]

You didn't reply to the last post I sent in response to your post...so I thought maybe Grumpy scared you away (hahaha!).

[Gunit Hussein Sangh]

I didn't realize those were questions I needed to answer.

Don't you know how to use google If you really want the answers to those questions, research them yourself 

[trex]

Vermouth ... you are obviously an islamofacist loving commie </snark>

The real problem here is not the millions of folks being kicked out of their homes ... NNNNOOOOOOO ... they don't matter.

What matters is that the have mores are losing money on their investments. Huge investment firms are in danger of folding. They are the ones that are being bailed out of the mess they created because the economy would collapse if they couldn't rip off the average consumer.
 

All because the Demos whined on the behalf of the have nots.  You cannot skip a rung on the ladder you work your way up. Demos wanted these loans for thier constituents so there you go.

Once again the slackers cause problems again.

[Gunit Hussein Sangh]

It wasn't the dems fault loans were made to people who couldn't afford to pay them. It was the mortgage companies who didn't really care, because they turned around and sold them to someone else, who turned around and sold them to investment firms.

Then when people couldn't afford to pay them, dear leader was right there to bail out those investment firms (just don't call it corporate welfare). That's all that matters ... those CEO's getting their big, fat paychecks for a big pile of shit.

It really doesn't matter if 1,000, 1 million or 5 million families are tossed out of their home ... those big investment firms live to create more *exotic* ways to screw the people.

[trex]

It wasn't the dems fault loans were made to people who couldn't afford to pay them. It was the mortgage companies who didn't really care, because they turned around and sold them to someone else, who turned around and sold them to investment firms.

Then when people couldn't afford to pay them, dear leader was right there to bail out those investment firms (just don't call it corporate welfare). That's all that matters ... those CEO's getting their big, fat paychecks for a big pile of shit.

It really doesn't matter if 1,000, 1 million or 5 million families are tossed out of their home ... those big investment firms live to create more *exotic* ways to screw the people.

The origin of the problem lies with demos pleading for those who could not afford homes because of the past loan requirements.  So they were amended so that people who could not afford homes could then be swindled.

I know of people right now who bought a home then walked away from thier old home. That should be fraud...and people should be forced to sell and pay the price.

[Gunit Hussein Sangh]

Yeah ... right ....

McCain guru linked to subprime crisis
The general co-chairman of John McCain’s presidential campaign, former Sen. Phil Gramm (R-Texas), led the charge in 1999 to repeal a Depression-era banking regulation law that Democrat Barack Obama claimed on Thursday contributed significantly to today’s economic turmoil.

“A regulatory structure set up for banks in the 1930s needed to change because the nature of business had changed,” the Illinois senator running for president said in a New York economic speech. “But by the time [it] was repealed in 1999, the $300 million lobbying effort that drove deregulation was more about facilitating mergers than creating an efficient regulatory framework.”

Gramm’s role in the swift and dramatic recent restructuring of the nation’s investment houses and practices didn’t stop there.

A year after the Gramm-Leach-Bliley Act repealed the old regulations, Swiss Bank UBS gobbled up brokerage house Paine Weber. Two years later, Gramm settled in as a vice chairman of UBS’s new investment banking arm.

Later, he became a major player in its government affairs operation. According to federal lobbying disclosure records, Gramm lobbied Congress, the Federal Reserve and the Treasury Department about banking and mortgage issues in 2005 and 2006.



http://www.politico.com/news/stories/0308/9246.html

[justsaynotobo]

So I'm on the phone with my mortgage broker and I say something about the current so-called "housing crisis". He laughs and asks what I mean. I say that I wish I'd bought my house THIS year instead of a coupla years ago. We start shooting the shit and so I say basically that what everyone is lamenting is really, when you boil it all down, nothing more than (drum roll please):

Affordable Housing

I say that Clinton and Obama and McCain are nuts with their "solutions" because what they SHOULD be proposing is, well, nothing. It's no secret property values are & were artificially high, so in essence (ignoring the specific causes of irresponsibility on all sides of the equation) what we're seeing is the free market in action - self-correcting and in doing so we're seeing not just values fall (which we're lamenting) but the opposite side of the coin, which is the aforementioned affordability in housing.

He says "Yep. It's as simple as that. Anyone who rents should be trying to buy right now.".

So, can someone please call Obama & McCain and explain this simple situation to them? Or does someone have some better solution?

Affordable housing creates ghettos..no doubt about it.

[trex]

Yeah ... right ....

McCain guru linked to subprime crisis
The general co-chairman of John McCain’s presidential campaign, former Sen. Phil Gramm (R-Texas), led the charge in 1999 to repeal a Depression-era banking regulation law that Democrat Barack Obama claimed on Thursday contributed significantly to today’s economic turmoil.

“A regulatory structure set up for banks in the 1930s needed to change because the nature of business had changed,” the Illinois senator running for president said in a New York economic speech. “But by the time [it] was repealed in 1999, the $300 million lobbying effort that drove deregulation was more about facilitating mergers than creating an efficient regulatory framework.”

Gramm’s role in the swift and dramatic recent restructuring of the nation’s investment houses and practices didn’t stop there.

A year after the Gramm-Leach-Bliley Act repealed the old regulations, Swiss Bank UBS gobbled up brokerage house Paine Weber. Two years later, Gramm settled in as a vice chairman of UBS’s new investment banking arm.

Later, he became a major player in its government affairs operation. According to federal lobbying disclosure records, Gramm lobbied Congress, the Federal Reserve and the Treasury Department about banking and mortgage issues in 2005 and 2006.



http://www.politico.com/news/stories/0308/9246.html

1930's??

Again let me ask you this question. "Do you think that Republicans have any trouble getting loans for houses?"

Then who do you think these subprime loans were designed for and why?  Yes for the banks and for people who couldn't buy homes because they did not have the capital or collateral.

Why all of sudden (early 2000's) credit was even being extended to illegals..........conservative ideal.......... I THINK NOT!

Do you remember ever seeing commericals in spanish for cars claiming no money down?  Who was backing all of these loans?  Who was backing these extentions of credit.  NOT the conservatives...... we knew this would happen....YOU DONT GIVE CREDIT TO PEOPLE WITH INSUFFICIENT INCOMES

[spunkloaf]

Yeah ... right ....

McCain guru linked to subprime crisis
The general co-chairman of John McCain’s presidential campaign, former Sen. Phil Gramm (R-Texas), led the charge in 1999 to repeal a Depression-era banking regulation law that Democrat Barack Obama claimed on Thursday contributed significantly to today’s economic turmoil.

“A regulatory structure set up for banks in the 1930s needed to change because the nature of business had changed,” the Illinois senator running for president said in a New York economic speech. “But by the time [it] was repealed in 1999, the $300 million lobbying effort that drove deregulation was more about facilitating mergers than creating an efficient regulatory framework.”

Gramm’s role in the swift and dramatic recent restructuring of the nation’s investment houses and practices didn’t stop there.

A year after the Gramm-Leach-Bliley Act repealed the old regulations, Swiss Bank UBS gobbled up brokerage house Paine Weber. Two years later, Gramm settled in as a vice chairman of UBS’s new investment banking arm.

Later, he became a major player in its government affairs operation. According to federal lobbying disclosure records, Gramm lobbied Congress, the Federal Reserve and the Treasury Department about banking and mortgage issues in 2005 and 2006.



http://www.politico.com/news/stories/0308/9246.html

1930's??

Again let me ask you this question. "Do you think that Republicans have any trouble getting loans for houses?"

Then who do you think these subprime loans were designed for and why?  Yes for the banks and for people who couldn't buy homes because they did not have the capital or collateral.

Why all of sudden (early 2000's) credit was even being extended to illegals..........conservative ideal.......... I THINK NOT!

Do you remember ever seeing commericals in spanish for cars claiming no money down?  Who was backing all of these loans?  Who was backing these extentions of credit.  NOT the conservatives...... we knew this would happen....YOU DONT GIVE CREDIT TO PEOPLE WITH INSUFFICIENT INCOMES

And when did you research and come to this conclusion, about forty five minutes ago?

I'm so sick of all this smearing.
DEMOCRATS DON'T HAVE CONTROL OF THE BANKS.  THE BANKS FUCKED IT UP.  BLAME THEM.

Seriously.  Do you sit and jerk off to every anti-democratic piece of literature you find?

Do you have a life??

[Mr. Dirlewanger]

I for one do enjoy anti-democratic literature. 

[spunkloaf]

Then you're no better than zakdeath.

Single-tracked, one-dimensional and a waste of human (or otherwise) intellect.

I like to hear both sides of the story.  I just got sick of the right side, because its only purpose is to rip on the left and LIE about things to make themselves look better.  I'm SO glad people are catching on to this bullshit, and that they are just as sick of it as I am.

Still, a few stragglers.  Hence...

[Mr. Dirlewanger]

Then you're no better than zakdeath.

Single-tracked, one-dimensional and a waste of human (or otherwise) intellect.

I like to hear both sides of the story.  I just got sick of the right side, because its only purpose is to rip on the left and LIE about things to make themselves look better.  I'm SO glad people are catching on to this bullshit, and that they are just as sick of it as I am.

Still, a few stragglers.  Hence...

you don't quite get me Spunk but that's alright.

[spunkloaf]

No, I totally get you.  You hate democracy and you're in favor of re-writing history and truth in order to get where we need to go.  You're also in complete disregard for all the human lives that have been taken in the shadows of American interest.  To you, considering that is a weakness.  They deserved it.  It's shameless, patriotic, and righteous.  What kind of narcissistic macho man WOULDN'T want to be on that bandwagon?

Spunkloaf is crabby.  Reading some pretty nasty posts about groups of people which involve me.  Nothing but lies that dumbfucks who HATE people like me agree with just to piss off.  No substance.  No truth.

And not a fighting chance.