This sums it up pretty well

Dilloduck said:
They were taken advantage because of they were GREEDY. They wanted something for nothing.
Click to expand...

They wanted the same thing everybody wants; to be part of the american dream. They wanted home ownership.

You can act like they are all living in mcmansions, but that's as big a myth as the welfare queen driving a cadillac.
 
Dilloduck said:
They were taken advantage because of they were GREEDY. They wanted something for nothing.
Click to expand...

Do you really want a society where people have to get a degree in finance before they can safely buy a home?

Do you realize what that will do to the housing market?
 
Desh said:
Do you really want a society where people have to get a degree in finance before they can safely buy a home?

Do you realize what that will do to the housing market?
Click to expand...

I don't have a degree in finance and I realise that I shouldn't borrow more than I can pay back.
 
Darla said:
SF, when Bush was bragging that the home ownership rate had gone up every year under him, and we had become an ownership society, I don't remembr you screaming

HEY, THAT STARTED UNDER BILL CLINTON!

Maybe I missed it, can you point me to those posts?

He did it more and he did it better, didn't he SF? And you didn't object until he did it too more and too better and then the whole house of cards fell down and you started yelling:

HEY THAT STARTED UNDER BILL CLINTON!
Click to expand...

Neither Clinton nor Bush did anything that would have made it better. They both made it worse.

Side note... as I stated before... it did NOT start under Clinton. The disablement of Glass Steagall began in 1992.... under the DEM congress and the first Bush. Slowly they chipped away at it. 1999 (as Desh mentioned) made it worse. The reconfirmation of the 1999 law by Bush and the Rep Congress continued the problem.

So enough of your attempt to shirk the blame that goes around to everyone. Enough of the faux outrage on your part.
 
Darla said:
They wanted the same thing everybody wants; to be part of the american dream. They wanted home ownership.

You can act like they are all living in mcmansions, but that's as big a myth as the welfare queen driving a cadillac.
Click to expand...

Everyone in America doesn't own a home and the reason they don't is because they choose not to or know they cannot afford it.
 
Superfreak said:
Neither Clinton nor Bush did anything that would have made it better. They both made it worse.

Side note... as I stated before... it did NOT start under Clinton. The disablement of Glass Steagall began in 1992.... under the DEM congress and the first Bush. Slowly they chipped away at it. 1999 (as Desh mentioned) made it worse. The reconfirmation of the 1999 law by Bush and the Rep Congress continued the problem.

So enough of your attempt to shirk the blame that goes around to everyone. Enough of the faux outrage on your part.
Click to expand...

LOL. The king of faux outrage speaks.

I blame who I always blamed, predatory lenders and the forces of deregulation, made possible through politicians who have whored themselves out to big business, and their ignorant minions on message boards all over the world. Period.
 
Darla said:
LOL. The king of faux outrage speaks.

I blame who I always blamed, predatory lenders and the forces of deregulation, made possible through politicians who have whored themselves out to big business, and their ignorant minions on message boards all over the world. Period.
Click to expand...

Blame whomever you want, 90 percent of the people in this thread know how wrong you are.
 
Dilloduck said:
Everyone in America doesn't own a home and the reason they don't is because they choose not to or know they cannot afford it.
Click to expand...

Wow thanks Sherlock.

Hey guys, everyone in America doesn't own a home!

That's great, so now that you'e erected and so manfully knocked down that strawman, what would you like, a cookie or a medal?

The point is, that home ownership is part of the American dream. And since these people most certainly were paying mortgages sir, they were not "getting something for nothing".
 
Desh said:
Do you really want a society where people have to get a degree in finance before they can safely buy a home?

Do you realize what that will do to the housing market?
Click to expand...

Again, first with your idiotic "do people really need a real estate law degree" and now this idiotic attempt at diversion.

Do YOU have a degree in real estate law or finance? No, you do not. Yet you understand the real estate market. How is that Desh?

A monkey could learn what it takes to determine whether or not a purchase is affordable. Yes, there are SOME people dumb enough not to comprehend this simple concept. But the majority understand it and do it anyway as a part of the instant gratification society we have become.
 
Darla said:
LOL. The king of faux outrage speaks.

I blame who I always blamed, predatory lenders and the forces of deregulation, made possible through politicians who have whored themselves out to big business, and their ignorant minions on message boards all over the world. Period.
Click to expand...

And everyone in business is a republican-----------:rolleyes:
 
Darla said:
Wow thanks Sherlock.

Hey guys, everyone in America doesn't own a home!

That's great, so now that you'e erected and so manfully knocked down that strawman, what would you like, a cookie or a medal?

The point is, that home ownership is part of the American dream. And since these people most certainly were paying mortgages sir, they were not "getting something for nothing".
Click to expand...

The American dream also involves a certain level of work-- these people thought they could get the American dream on layaway.
 
Superfreak said:
Neither Clinton nor Bush did anything that would have made it better. They both made it worse.

Side note... as I stated before... it did NOT start under Clinton. The disablement of Glass Steagall began in 1992.... under the DEM congress and the first Bush. Slowly they chipped away at it. 1999 (as Desh mentioned) made it worse. The reconfirmation of the 1999 law by Bush and the Rep Congress continued the problem.

So enough of your attempt to shirk the blame that goes around to everyone. Enough of the faux outrage on your part.
Click to expand...


It was the second part in 1999 that made writting masses of these loans profitable for the industry.

Before this portion was changed it was still to costly to writ very amny of these loans and they would only write a small purportion of them compaired to the rest of thier loans. This is the one which caused the fray.
 
Dilloduck said:
And everyone in business is a republican-----------:rolleyes:
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Can you show where I wrote "republican"?

Yet another strawman erected and manfully knocked over by dilldock.

Wow, you man you.

Let me know when you want to debate something that, you know, I actually said.
 
Desh said:
It was the second part in 1999 that made writting masses of these loans profitable for the industry.

Before this portion was changed it was still to costly to writ very amny of these loans and they would only write a small purportion of them compaired to the rest of thier loans. This is the one which caused the fray.
Click to expand...

Desh, why did you assume that "welfare queens" referred to a particular ethnicity? I think you might have to go to rehab now.
 
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