Pages: 1

 

2009-09-06 16:44:13
ATG
Banned
+5,233|6821|Global Command
omfg, be afraid, be very afraid.

I know I am.

Whadiya think?

Scare mongering? Frightening reality?

In the go-go years of the U.S. housing boom, virtually anybody could get a few hundred thousand dollars to buy a home, and private lenders flooded the market, aggressively pursuing borrowers no matter their means or financial history.

Now the pendulum has swung to the other extreme. Only one lender of consequence remains: the federal government, which undertook one of its earliest and most dramatic rescues of the financial crisis by seizing control a year ago of the two largest mortgage finance companies in the world, Fannie Mae and Freddie Mac.

While this made it possible for many borrowers to keep getting loans and helped protect the housing market from further damage, the government's newly dominant role -- nearly 90 percent of all new home loans are funded or guaranteed by taxpayers -- has far-reaching consequences for prospective homebuyers and taxpayers.

The government has the power to decide who is qualified for a loan and who is not. As a result, many borrowers among both poor and rich are frozen out of the market.
http://www.washingtonpost.com/wp-dyn/co … id=topnews
2009-09-06 16:46:10
Harmor
Error_Name_Not_Found
+605|6840|San Diego, CA, USA
I think in the short future we're going to go back to what started this whole mess as Democrats need to get elected in 2010 and they'll put a carrot out there...
2009-09-06 17:38:32
Turquoise
O Canada
+1,596|6697|North Carolina
You can thank capitalism, greed, lobbyism, and race politics for this.
2009-09-06 17:42:56
lowing
Banned
+1,662|6943|USA

Turquoise wrote:

You can thank capitalism, greed, lobbyism, and race politics for this.
Kinda makes ya wish no one listened to the democrats and their bullshit about how home ownership should be yet another right.

Maybe one day we will get back to a time and place where people actually earn a living instead of deciding they are entitled to one provided by the rest of us.
2009-09-06 17:44:10
Turquoise
O Canada
+1,596|6697|North Carolina

lowing wrote:

Turquoise wrote:

You can thank capitalism, greed, lobbyism, and race politics for this.
Kinda makes ya wish no one listened to the democrats and their bullshit about how home ownership should be yet another right.

Maybe one day we will get back to a time and place where people actually earn a living instead of deciding they are entitled to one provided by the rest of us.
Hey...  I might believe that healthcare is a right, but home ownership is purely a personal responsibility.  So yeah, I definitely disagree with the Democrats that support the CRA.
2009-09-06 17:47:03
lowing
Banned
+1,662|6943|USA

Turquoise wrote:

lowing wrote:

Turquoise wrote:

You can thank capitalism, greed, lobbyism, and race politics for this.
Kinda makes ya wish no one listened to the democrats and their bullshit about how home ownership should be yet another right.

Maybe one day we will get back to a time and place where people actually earn a living instead of deciding they are entitled to one provided by the rest of us.
Hey...  I might believe that healthcare is a right, but home ownership is purely a personal responsibility.  So yeah, I definitely disagree with the Democrats that support the CRA.
Yeah well I am not sure how anyone could state the govt. should provide health care, but has no obligations to the homeless.

Personally I think you should be on your own on both counts. It is the consistant opinion.
2009-09-06 17:48:42
Turquoise
O Canada
+1,596|6697|North Carolina

lowing wrote:

Turquoise wrote:

lowing wrote:


Kinda makes ya wish no one listened to the democrats and their bullshit about how home ownership should be yet another right.

Maybe one day we will get back to a time and place where people actually earn a living instead of deciding they are entitled to one provided by the rest of us.
Hey...  I might believe that healthcare is a right, but home ownership is purely a personal responsibility.  So yeah, I definitely disagree with the Democrats that support the CRA.
Yeah well I am not sure how anyone could state the govt. should provide health care, but has no obligations to the homeless.

Personally I think you should be on your own on both counts. It is the consistant opinion.
It does have obligations for the homeless...  that's where welfare comes in.  Having a place to live at is one thing...  Owning property is another.
2009-09-06 17:51:43
lowing
Banned
+1,662|6943|USA

Turquoise wrote:

lowing wrote:

Turquoise wrote:


Hey...  I might believe that healthcare is a right, but home ownership is purely a personal responsibility.  So yeah, I definitely disagree with the Democrats that support the CRA.
Yeah well I am not sure how anyone could state the govt. should provide health care, but has no obligations to the homeless.

Personally I think you should be on your own on both counts. It is the consistant opinion.
It does have obligations for the homeless...  that's where welfare comes in.  Having a place to live at is one thing...  Owning property is another.
Ok ya got me on that point, but only to the opinion that those that can not take care of themsleves should be helped. Everyone else has the "right" to fuck off and move to Europe and leech all they want.
2009-09-06 17:57:09
Turquoise
O Canada
+1,596|6697|North Carolina

lowing wrote:

Turquoise wrote:

lowing wrote:


Yeah well I am not sure how anyone could state the govt. should provide health care, but has no obligations to the homeless.

Personally I think you should be on your own on both counts. It is the consistant opinion.
It does have obligations for the homeless...  that's where welfare comes in.  Having a place to live at is one thing...  Owning property is another.
Ok ya got me on that point, but only to the opinion that those that can not take care of themsleves should be helped. Everyone else has the "right" to fuck off and move to Europe and leech all they want.
If the welfare system is properly designed (aka - somewhat differently than the way it is now), then the costs of "leeching" are considerably less than the costs of poverty-related crime.

In other words, a certain amount of leeching is preferable to heightened levels of crime.
2009-09-06 18:41:55
Kmar
Truth is my Bitch
+5,695|6892|132 and Bush

I said this a long time ago. Everyone ignored it..lol.

Actually even before the crash the government had "touched" most every home and it's loan in some way during a typical 30 year term..
Xbone Stormsurgezz
2009-09-07 05:53:48
FEOS
Bellicose Yankee Air Pirate
+1,182|6702|'Murka

How could the government "seize control" of two corporations it already controlled?
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
2009-09-07 06:29:49
Dilbert_X
The X stands for
+1,817|6397|eXtreme to the maX
Seizing direct managerial control I guess.
Fuck Israel
2009-09-07 06:59:58
Varegg
Support fanatic :-)
+2,206|7102|Nårvei

lowing wrote:

Turquoise wrote:

lowing wrote:

Yeah well I am not sure how anyone could state the govt. should provide health care, but has no obligations to the homeless.

Personally I think you should be on your own on both counts. It is the consistant opinion.
It does have obligations for the homeless...  that's where welfare comes in.  Having a place to live at is one thing...  Owning property is another.
Ok ya got me on that point, but only to the opinion that those that can not take care of themsleves should be helped. Everyone else has the "right" to fuck off and move to Europe and leech all they want.
What makes you think Europeans aren't responcible for their own debt?

We don't have state sponcored right to get property in Europe if that's what you think ...

We have just the kind of system you describe lowing, we take care of those that can't take care of themselves ... the rest is more than capable of taking care of their own debt ... big difference is we pay a tad more tax to pay for healthcare at one point will get in return unless we die before we retire from a working career ... easily explained our safetynet if things go wrong is a little big bigger than yours ... or atleast so it seems ...

Our safetynet also includes controlling mechanism to prevent capitalism running totally wild, now it seems those could have been even better while the US totally lacked control or a regulated capitalism ...
Wait behind the line ..............................................................
2009-09-07 07:23:59
Dilbert_X
The X stands for
+1,817|6397|eXtreme to the maX

lowing wrote:

Everyone else has the "right" to fuck off and move to Europe and leech all they want.
Hard luck, non-citizens don't get to leech.
Fuck Israel
2009-09-07 07:56:41
lowing
Banned
+1,662|6943|USA

Varegg wrote:

lowing wrote:

Turquoise wrote:


It does have obligations for the homeless...  that's where welfare comes in.  Having a place to live at is one thing...  Owning property is another.
Ok ya got me on that point, but only to the opinion that those that can not take care of themsleves should be helped. Everyone else has the "right" to fuck off and move to Europe and leech all they want.
What makes you think Europeans aren't responcible for their own debt?

We don't have state sponcored right to get property in Europe if that's what you think ...

We have just the kind of system you describe lowing, we take care of those that can't take care of themselves ... the rest is more than capable of taking care of their own debt ... big difference is we pay a tad more tax to pay for healthcare at one point will get in return unless we die before we retire from a working career ... easily explained our safetynet if things go wrong is a little big bigger than yours ... or atleast so it seems ...

Our safetynet also includes controlling mechanism to prevent capitalism running totally wild, now it seems those could have been even better while the US totally lacked control or a regulated capitalism ...
If healthcare is a "right" in Europe, than I assume EVERYONE is "entitled" to it. Even those thst do not psy for it. I call people that do not contribute to society yet suck the benefits from that society parasites. Are you telling me that in Europe, if you d onot contribute to the funding of healthcare then you have no "right" to it?
2009-09-07 07:57:45
lowing
Banned
+1,662|6943|USA

Dilbert_X wrote:

lowing wrote:

Everyone else has the "right" to fuck off and move to Europe and leech all they want.
Hard luck, non-citizens don't get to leech.
What about my fuckin' "human right" to health care that you all say I have?

What is the bottom line in Europe? do leeches get taken care of or don't they?

Last edited by lowing (2009-09-07 08:11:47)

2009-09-07 08:17:51
Mekstizzle
WALKER
+3,611|6913|London, England
It's not like the government (around the world, all the governments that had to bail shit out) had a choice it was either that or let it all fall apart, it would've been fun watching it all fall apart at least for the better long term good but they'd never let that happen

Last edited by Mekstizzle (2009-09-07 08:18:13)

2009-09-07 15:48:44
Varegg
Support fanatic :-)
+2,206|7102|Nårvei

lowing wrote:

Varegg wrote:

lowing wrote:

Ok ya got me on that point, but only to the opinion that those that can not take care of themsleves should be helped. Everyone else has the "right" to fuck off and move to Europe and leech all they want.
What makes you think Europeans aren't responcible for their own debt?

We don't have state sponcored right to get property in Europe if that's what you think ...

We have just the kind of system you describe lowing, we take care of those that can't take care of themselves ... the rest is more than capable of taking care of their own debt ... big difference is we pay a tad more tax to pay for healthcare at one point will get in return unless we die before we retire from a working career ... easily explained our safetynet if things go wrong is a little big bigger than yours ... or atleast so it seems ...

Our safetynet also includes controlling mechanism to prevent capitalism running totally wild, now it seems those could have been even better while the US totally lacked control or a regulated capitalism ...
If healthcare is a "right" in Europe, than I assume EVERYONE is "entitled" to it. Even those thst do not psy for it. I call people that do not contribute to society yet suck the benefits from that society parasites. Are you telling me that in Europe, if you d onot contribute to the funding of healthcare then you have no "right" to it?
Nope ... healtcare is for everyone, even those that doesn't pay taxes ... even you lowing can come to Europe as a visitor and get free healthcare while you are here ...
Wait behind the line ..............................................................
2009-09-07 15:52:01
.Sup
be nice
+2,646|6745|The Twilight Zone
Sounds like a Bernie Madoff scam
https://www.shrani.si/f/3H/7h/45GTw71U/untitled-1.png
2009-09-07 15:53:31
lowing
Banned
+1,662|6943|USA

Varegg wrote:

lowing wrote:

Varegg wrote:

What makes you think Europeans aren't responcible for their own debt?

We don't have state sponcored right to get property in Europe if that's what you think ...

We have just the kind of system you describe lowing, we take care of those that can't take care of themselves ... the rest is more than capable of taking care of their own debt ... big difference is we pay a tad more tax to pay for healthcare at one point will get in return unless we die before we retire from a working career ... easily explained our safetynet if things go wrong is a little big bigger than yours ... or atleast so it seems ...

Our safetynet also includes controlling mechanism to prevent capitalism running totally wild, now it seems those could have been even better while the US totally lacked control or a regulated capitalism ...
If healthcare is a "right" in Europe, than I assume EVERYONE is "entitled" to it. Even those thst do not psy for it. I call people that do not contribute to society yet suck the benefits from that society parasites. Are you telling me that in Europe, if you d onot contribute to the funding of healthcare then you have no "right" to it?
Nope ... healtcare is for everyone, even those that doesn't pay taxes ... even you lowing can come to Europe as a visitor and get free healthcare while you are here ...
Hence my original post, about moving to Europe

By the way, I loved my time there. I would love to move there. I found the people respectful friendly and proud of their villages. I found the history amazing. I will never forget it.

Last edited by lowing (2009-09-07 15:55:04)

2009-09-07 16:14:35
Kmar
Truth is my Bitch
+5,695|6892|132 and Bush

Investors/back are back and buying up all of the inventory. They rent them out and watch the prices rise. I've been looking for a home for a young couple. It's been tough finding a home for them in their price range. Everytime I find something descent for them I call the agent and find out there is already 5 or 6 offers on the house. Believe it or not it's starting to turn into a sellers market in some price ranges.

I'm sure some of these bankers/investors got assistance from the government and wrote of their losses over the last couple years. Now they are right back to their old habits. Shame really. These kids are starting a life together and they're trying to compete with people who couldn't give a crap about anything but profits and handouts.
Xbone Stormsurgezz
2009-09-08 06:18:29
Dilbert_X
The X stands for
+1,817|6397|eXtreme to the maX

lowing wrote:

What about my fuckin' "human right" to health care that you all say I have?
You're American, you don't have a right to European health care.
What is the bottom line in Europe? do leeches get taken care of or don't they?
They get taken care of, at a minimum level.
Its better than having bums begging at traffic lights, I'm prepared to pay taxes for that.

Last edited by Dilbert_X (2009-09-08 06:20:31)

Fuck Israel
2009-09-08 06:19:35
Dilbert_X
The X stands for
+1,817|6397|eXtreme to the maX
I'm sure some of these bankers/investors got assistance from the government and wrote of their losses over the last couple years. Now they are right back to their old habits. Shame really. These kids are starting a life together and they're trying to compete with people who couldn't give a crap about anything but profits and handouts.
But I thought capitalism was awesome?
Fuck Israel
2009-09-08 07:34:18
Kmar
Truth is my Bitch
+5,695|6892|132 and Bush

What part of capitalism involves bailing out failed business?
Xbone Stormsurgezz
2009-09-09 19:45:12
Turquoise
O Canada
+1,596|6697|North Carolina

Kmarion wrote:

What part of capitalism involves bailing out failed business?
True...  what America practices is corporatism...  a corrupted version of capitalism.

 

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