’)McCain: Ayers! Chicago Politician! Black Guy!
When America goes through adversity they need a steady hand at the helm. Part of the reason we’re on such shaky ground is that we are being led by the least popular president since polling began.
Any more of this and there won’t be an America to bail out.
This is what happens when you strongarm businesses into giving loans to people that shouldn’t have them, and combine it with corporate greed.
Think I’m wrong?
Go ahead and force lenders to continue handing out mortgages to anyone that can breathe.
The same thing will happen. Again. And again. And again.
You have absolutely no understanding of this issue.
You look ignorant and foolish.
You look ignorant and foolish.
BWAHAHAHAHA!!!
Nobody got “strongarmed” mccann. they did it themselves and didn’t think they’d get caught.
the government stuck it’s nose in and (ahem) “encouraged” lenders to lower standards. this started back in the 90’s. when the bubble exploded, this is what we ended up with.
seems that some of you are only interested in one aspect of what caused this mess. that is short sighted, naive, and won’t help anything.
there’s plenty of blame to go around.
in this case, greed and social engineering (although well-intended) caused this mess.
this is a fact.
your ignornace of this issue is astonishing.
This is what happens when you strongarm businesses into giving loans to people that shouldn’t have them, and combine it with corporate greed.
Who was strongarmed, mccann? And what percentage of the mortgages issued as a result of “strongarming” have defaulted?
As you feel confident in judging who knows anything about the subject, I look forward to your expert commentary.
The boomerang of Hooverism
I am glad j.mccain made an appearance here to show us his carefully constructed argument. It is one we need to investigate.
Hmmmm, let me see? Fanny Mae is a ’secondary marketer’ of home loans…not the primary salesman of such loans….so how did the Govt. (Fanny Mae…which was mostly privatized by Republicans)? force the primary lenders to issue sub prime loans? (the govt. didn’t)
Also remember “W” bragged about making Americans into owners…with higher home ownership early in his administration (actually more so then than now). Also “W” was the primary leader in this fiasco..with his MBA presidency.
Fanny Mae is minor player actually in this present crisis as the vast majority of loans backed by Fanny Mae are good and the defaults are far less than the recent bail out. Fact is Wall Street has over leverage All securities with falsehoods with G “W” Bush’s blessing.
And why aren’t Republicans mentioning G W Bush’s leadership and their support for his “MBA” Presidency?
Some more questions for our resident expert:
Are lenders still providing loans to subprime borrowers? If so, are lenders still being strong-armed into doing so?
This nice lady, Pheonix Woman spells it all out for you, mccann.
Read it and weep.
Have the jmcann types (Republican mouth-breathers) labeled this as part of the Clinton Recession yet?
Oh George Bush, Jr., why are you so unlucky?
jmcann: Think I’m wrong?
Yeah, pretty much. Yes.
Shorter mccann: Poor people deserve to live in shitty houses! My mom worked hard to provide this basement! No one should help those lazy-ass poor people! Especially not the gummint! Screw poor people!