Who caused the mortgage crisis?

The old BLAME GAME... this only goes to prove we are sinking to new lows as a country.

Posted by....explains the article.

country acres wrote:

The old BLAME GAME... this only goes to prove we are sinking to new lows as a country.

Agreed.

country acres wrote:

The old BLAME GAME... this only goes to prove we are sinking to new lows as a country.

...you must be a Democrat...

Everyone knows that this whole mess was caused by Bush. Give us a break already.

This is just one of several articles, video, etc. that proves what I remember: This whole mess began with Liberals.

I recall Jesse Jackson claiming racism, and threatening banks, in the middle 1990's. His demand was for banks to quit denying loans to minorities who had poor credit and work histories.

...and it was all downhill from there...

Oh, it looked great, at first. The housing market boomed and everybody was making money...until the party ended.

Now everybody has a hangover, and the Democrats are blaming it all on the Republicans...with the help of the mainstream media.

THis isnt even funny. The democrats are soley responsible with there programs like Acorn and the like. Everything was fine until the one a congressional majority. The democrasts are supremely good at causing the problem and then blaming the republicans for it. God help us all. And I dont even believe in God.

Who started it?
Rahm Emanuel(Freddie Mac) and Barney Frank(Fannie Mae) and the Federal Reserve Bank(A bunch of ruthless a-holes). Everybody with half a brain knows that by now.

Bernanke, Barney and Emanuel. The Three Stooges of the mortgage fiasco.

OneRyder wrote:

<quoted text>
Agreed.

wyojake wrote:

Posted by....explains the article.

country acres wrote:

The old BLAME GAME... this only goes to prove we are sinking to new lows as a country.

Of course you three feel that way, you are flaming Liberals. The policies you support are being exposed as the failures they are.

The guilty NEVER want to take about who's to blame. They have a vested interest in covering up their screwups. It allows them to move on to the NEXT screw up - and blame THAT on the opposition.

That's why I am glad the Dems have the majority. I just hope the Republicans continue to abstain from supporting the LEFTS agenda. I want the DEMOCRATS to be the sole supporters, so they can't point fingers - saying "WELL THE REPUBLICANS VOTED FOR IT, TOO."

No, good or bad - the Democrats need to OWN the next for years.

Jimmy Carter {CRI}
Bill Clinton
Chris Dodd
Barney Frank
'nuff said.

country acres wrote:

The old BLAME GAME... this only goes to prove we are sinking to new lows as a country.

Been the same since the late '60's as I recall.

Geithner has to go too. He's a stooge that they HAD to have even though he is a tax evader that they couldn't do without. Even a Democrat has to think that's unbelievable. He is a federal reserve guy.
learn something . watch this link:

This Fed scam makes Madoff look like Mother Teresa

http://www.wtv-zone.com/Mary/BIGGESTSCAMINHIS...

It may be that you were never a big fan of John F. Kennedy, but you may see him in a different light after you learn how he took on the FEDS.?He had the foresight to see what a bad deal had been struck in the creation of the Federal Reserve. He also had the courage to do something about it.which unfortunately, may have cost him his life.

On June 4, 1963, President Kennedy signed a Presidential decree, Executive Order 11110.

This order virtually stripped the Federal Reserve Bank of its power to loan money to the United States Government at interest. President Kennedy declared the privately owned Federal Reserve Bank would soon be out of business. This order gave the Treasury Department the authority to issue silver certificates against any silver in the treasury. This executive order still stands today. In less than five months after signing that executive order President Kennedy was assassinated on November 22, 1963.

The United States Notes (silver certificates) he had issued were taken out of circulation
immediately. Federal Reserve Notes continued to serve as the legal currency of this nation.
It is estimated that 99% of all U.S. paper currency circulating in 1999 are Federal Reserve
Notes.

Lincoln also took on the bankers and that brave bold step may also have cost him his life.

During the Civil War (from 1861-1865), President Lincoln needed money to finance the War for the North. The Bankers were going to charge him 24% to 36% interest. Lincoln was horrified and greatly distressed, and ? he would not think of plunging his beloved country into a debt that the country would find impossible to pay back.

So Lincoln advised Congress to pass a law authorizing the printing of full legal tender
Treasury notes to pay for the War effort. Lincoln recognized the great benefits of this issue. At one point he wrote: "...(we) gave the people of this Republic the greatest blessing they have ever had - their own paper money to pay their own debts..."

The Treasury notes were printed with green ink on the back, so the people called them "Greenbacks". Lincoln had printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service employees, and bought supplies for the war.

Lincoln was assassinated shortly after the war and Congress revoked the Greenback Law and enacted, in its place, the National Banking Act. The national banks were to be privately owned and the national bank notes they issued were to be interest-bearing. The Act also provided that the Greenbacks should be retired from circulation as soon as they came back to the Treasury in payment of taxes.

Read it all, here:
http://www.wtv-zone.com/Mary/BIGGESTSCAMINHIS...

Brother Billy wrote:

Jimmy Carter {CRI}
Bill Clinton
Chris Dodd
Barney Frank
'nuff said.

Which congressional committee did Dodd, or Frank Chair since the Clinton's Administration. How are they responsible for what comes out of committee and make the floor of the House or senate, at what point did the democrats during the last 20 years controll the House and Senate in Congress?

I've heard this spoken on television by obviously biased individuals. They've no idea what they are making people believe. Barney Frank is a committee chair in the House of Represenatives right now, he's not been in a position of power or authority in congress during the last 12 years, just how could he have set aside any proposal submitted to regulate any financial doings in America?

He's one man with one objections in the House of Representatives, as well is Dodd.

Just recently as of 2006 where either of these congressmen able to have an actual voice in congress, voice being power to set an agenda, by the time the Democrats were in control the accounting scandal at fannie and freddie had been settled.

These allegations aren't no where near true.

The democrats for 12 of the previous 16 years were powerless in congress.

Who here can debate politics and not have a firm understanding of congress over the last 16 years.

With the Democrats running Congress for the past two years, has anything been done to regulate Fannie Mae and Freddie Mac?

No. They are still continuing with business as usual.

I guess the Democrats are hoping the economy turns around and property values stablize before the next batch of subprime defaults come do.

Brother Billy wrote:

Jimmy Carter {CRI}
Bill Clinton
Chris Dodd
Barney Frank
'nuff said.

It is for sure you don't know enough about the CRA to have an opinion on the matter, the first indication is you referring to the Community Reinvestment Act (CRA) as CRI.

country acres wrote:

The old BLAME GAME... this only goes to prove we are sinking to new lows as a country.

OneRyder wrote:

<quoted text>
Agreed.

What the hell have you two been doing since 2001?
Ohh, thats right, BLAME BUSH.
Every F'in post is Bush this Bush that. Hell even Obama blames Bush for his problems. You never heard Bush, Bush SR. or Reagan blame any past Democrat President once the election is over.

Elmwood B Finch wrote:

<quoted text>
Which congressional committee did Dodd, or Frank Chair since the Clinton's Administration. How are they responsible for what comes out of committee and make the floor of the House or senate, at what point did the democrats during the last 20 years controll the House and Senate in Congress?
I've heard this spoken on television by obviously biased individuals. They've no idea what they are making people believe. Barney Frank is a committee chair in the House of Represenatives right now, he's not been in a position of power or authority in congress during the last 12 years, just how could he have set aside any proposal submitted to regulate any financial doings in America?
He's one man with one objections in the House of Representatives, as well is Dodd.
Just recently as of 2006 where either of these congressmen able to have an actual voice in congress, voice being power to set an agenda, by the time the Democrats were in control the accounting scandal at fannie and freddie had been settled.
These allegations aren't no where near true.
The democrats for 12 of the previous 16 years were powerless in congress.
Who here can debate politics and not have a firm understanding of congress over the last 16 years.

They sit on the housing and finance board.

Beware of the man who makes money off his kind.You are not dealing with his higher nature.Yea its up to you.