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And so it goes
Scottsbluff, NE
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CrazyasUR wrote: <quoted text>There you go with that 30 year old CRA crap that caused the 2008 housing collapse. ONE more time. Bush signed the American Dream Down Payment Act. to become law in 2003. THIS is what caused the housing collapse. 1. No Down payment required to by a home. 2. No background checks. 3. 5 years deferred loans on Principle. 4. Loans were sold to Wall St. who in turn sold them to the world. Now explain (dumbass) how these new changes in loan LAWS DID NOT cause the housing collapse 5 years after the loans were made and the full payments came due. BUSH: "One of the biggest hurdles to homeownership is getting money for a down payment. This administration has recognized that, and so today I'm honored to be here to sign a law that will help many low-income buyers to overcome that hurdle, and to achieve an important part of the American Dream. Last year I set a goal to add 5.5 million new minority homeowners in America by the end of the decade. That is an attainable goal; that is an essential goal. And we're making progress toward that goal. In the past 18 months, more than 1 million minority families have become homeowners.(Applause.) And there's more that we can do to achieve the goal. The law I sign today will help us build on this progress in a very practical way. http://georgewbush-whitehouse.archives.gov/ne... FICTION: "Many of these (CRA) loans were not very risky," the FCIC report claims. FACT: Studies show that CRA loans have higher delinquencies and defaults and act as a major drag on bank earnings. In 2008, CRA loans accounted for just 7% of Bank of America's total mortgage lending, but 29% of its losses on home loans. Also, banks with the highest CRA ratings tend to have the lowest safety and soundness ratings. http://news.investors.com/article/567464/2011...
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carol
Windermere, FL
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CrazyasUR wrote: <quoted text>There you go with that 30 year old CRA crap that caused the 2008 housing collapse. ONE more time. Bush signed the American Dream Down Payment Act. to become law in 2003. THIS is what caused the housing collapse. 1. No Down payment required to by a home. 2. No background checks. 3. 5 years deferred loans on Principle. 4. Loans were sold to Wall St. who in turn sold them to the world. Now explain (dumbass) how these new changes in loan LAWS DID NOT cause the housing collapse 5 years after the loans were made and the full payments came due. BUSH: "One of the biggest hurdles to homeownership is getting money for a down payment. This administration has recognized that, and so today I'm honored to be here to sign a law that will help many low-income buyers to overcome that hurdle, and to achieve an important part of the American Dream. Last year I set a goal to add 5.5 million new minority homeowners in America by the end of the decade. That is an attainable goal; that is an essential goal. And we're making progress toward that goal. In the past 18 months, more than 1 million minority families have become homeowners.(Applause.) And there's more that we can do to achieve the goal. The law I sign today will help us build on this progress in a very practical way. http://georgewbush-whitehouse.archives.gov/ne... The amount of ADDI assistance could not exceed $10,000 or six percent of the purchase price of the home, whichever was greater. A little different than the democrats (and some republicans, unfortunately) backing Fannie and Freddie loaning out massive mortgage loans for homes that couldn't be afforded and couldn't be paid back.
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Lily Boca Raton fl
Boca Raton, FL
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carol wrote: <quoted text> Oh, so he was against it until it became the latest distraction? He's going to lose votes no matter what he does or says to distract the easily distractable at this point. Nope, he's gaining
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And so it goes
Scottsbluff, NE
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CrazyasUR wrote: <quoted text>There you go with that 30 year old CRA crap that caused the 2008 housing collapse. ONE more time. Bush signed the American Dream Down Payment Act. to become law in 2003. THIS is what caused the housing collapse. 1. No Down payment required to by a home. 2. No background checks. 3. 5 years deferred loans on Principle. 4. Loans were sold to Wall St. who in turn sold them to the world. Now explain (dumbass) how these new changes in loan LAWS DID NOT cause the housing collapse 5 years after the loans were made and the full payments came due. BUSH: "One of the biggest hurdles to homeownership is getting money for a down payment. This administration has recognized that, and so today I'm honored to be here to sign a law that will help many low-income buyers to overcome that hurdle, and to achieve an important part of the American Dream. Last year I set a goal to add 5.5 million new minority homeowners in America by the end of the decade. That is an attainable goal; that is an essential goal. And we're making progress toward that goal. In the past 18 months, more than 1 million minority families have become homeowners.(Applause.) And there's more that we can do to achieve the goal. The law I sign today will help us build on this progress in a very practical way. http://georgewbush-whitehouse.archives.gov/ne... FICTION: Only 6% of subprime loans were originated by banks subject to the CRA, so the vast majority of risky lending was not tied to the law. FACT: Among other things, the figure does not count the trillions of dollars in CRA "commitments" that WaMu, BofA, JPMorgan Chase, Citibank, Wells Fargo and other large banks pledged to radical inner-city groups like Acorn, Greenlining and Neighborhood Assistance Corp. of America (NACA) after they used the public comment process to protest bank merger applications on CRA grounds. All told, they shook down banks for $4.6 trillion in such commitments before the crisis, boasts a report by the National Community Reinvestment Coalition, or NCRC, the nation's top CRA lobbyist (which conveniently removed the report from its website during the FCIC hearings). http://news.investors.com/article/567464/2011...
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Florida
Seminole, FL
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Lily Boca Raton fl wrote: I loved the President before, but love him more today! He's a hero for women, children, the elderly, students, minorities, veterans, working people, and gay people! Four more years!! I’d like to think of this as a growing trend you idiot, but even the rats know when to abandon or jump ship! - It's still all about the economy, and women aren't stupid like you about healthcare, success and money. AND... As Flack has said: Obama has the economy so damn bad even the Mexicans are leaving. That's f*cking bad! - Ignorant and stupid isn't just born lily... You create idiot.. - It's the culture...
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carol
Windermere, FL
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Lily Boca Raton fl wrote: I loved the President before, but love him more today! He's a hero for women, children, the elderly, students, minorities, veterans, working people, and gay people! Four more years!! He's a master double talker who would spend us into oblivion just so people like you would think he's some kind of hero.
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Florida
Seminole, FL
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Lily Boca Raton fl wrote: <quoted text> Exactly! His only valuable deed has been scorned by himself! Did anyone hear that man asking romney about page "169" of his 2010 tax return, in particular the millions he paid foreign income taxes? Page 169? Bain Capital, responisible for American airlines laying off 13,000 employees! Max Headroom: vulture capitalist job killer, money launderer, traitor Since you're nothing but, and will never be anything but a low-life loser and a TopixBoinker, who cares what you think lily... - Let democrats kill the planet with prison stupid and ghetto ignorance, so all will suffer. Why do you hate intelligence lily? Elect Joe?? - Even the rats know when to abandon or jump ship you dumbass! - It's the culture...
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And so it goes
Scottsbluff, NE
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Gay groups now want the Dems to move their convention out of NC.
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Lily Boca Raton fl
Boca Raton, FL
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carol wrote: <quoted text> The economy? No jobs? Things are only going to get worse? I don't know. You tell me. People who care about others and don't want the government to outlaw groups of people will never vote for a republican. Romney will not provide jobs, he's responsible for 13,000 firings, American Airlines, Clear Channel radio, at least 3000 jobs; Foreign bank accounts, paying Incomee taxes to foreign countries, this just a tip of the iceberg. He's a proven habitual liar, just because you a blind sheep, the rest of the country checks out everything he says, and, he's a big liar.
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Lily Boca Raton fl
Boca Raton, FL
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carol wrote: <quoted text> He's a master double talker who would spend us into oblivion just so people like you would think he's some kind of hero. Nope, he is sincere, empathetic and warm. Three adjectives that will never apply to Romney
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Florida
Seminole, FL
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shinningelectr0n wrote: <quoted text> Strong emotion does not equate with rational, high intelligence. You are living proof of "feel good" politics. If obama or hair plugs for brains Joe O'Biden said they were for pedophilia, lily would jump all over it and be for it.. - It's the culture...
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Lily Boca Raton fl
Boca Raton, FL
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Peppy wrote: <quoted text> Why argue over petty issues, we have more important things facing this country than the wedding plans of fudgepackers, peeterpuffers and stoolpushers. Wow
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carol
Windermere, FL
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Homer wrote: <quoted text>I'm sorry, what was that? I got distracted for a moment. It's okay Homer. You're like our own lovable and eccentric uncle who everyone smiles at but ignores. Just focus as best you can and try not to say anything too weird. Here's a smile for you. =]
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Lily Boca Raton fl
Boca Raton, FL
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And so it goes wrote: Gay groups now want the Dems to move their convention out of NC. Interesting thought
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Peppy
Burlington, NC
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Judged:
1
Homer wrote: <quoted text>Hey DB. Did you see where Obama is stockpiling ammunition so he can kill every man, woman, and child in the U.S. in the event he loses in November? Link please.
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Florida
Seminole, FL
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Lily Boca Raton fl wrote: <quoted text> Nope, he is sincere, empathetic and warm. Three adjectives that will never apply to Romney How Pathetic and in desperation.. Obama Now Raffling Off 'Shout-Outs' For Campaign Donations... - LOL... How very un-presidential of him... Obama has taken the presidency to another new all-time low... - http://answers.yahoo.com/question/index... - I'd like to think of this as NOT a growing trend... But even the rats know when to abandon or jump ship! - It's the culture...
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carol
Windermere, FL
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Lily Boca Raton fl wrote: <quoted text> Nope, he is sincere, empathetic and warm. Three adjectives that will never apply to Romney We don't need a warm fuzzy teddy bear. We need a strong and decisive leader.
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fred
Milford, CT
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Homer wrote: <quoted text>Chalk this up under another of Flack's false predictions(AOFFP) 44 states.. 400+ electoral votes....filibuster proof senate America hates the divisive, polarizing communist Kenyan lizard.
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Peppy
Burlington, NC
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Lily Boca Raton fl wrote: <quoted text> Nope, he is sincere, empathetic and warm. Three adjectives that will never apply to Romney Funny, they said the same thing about Ted Bundy.
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Lily Boca Raton fl
Boca Raton, FL
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John Galt wrote: <quoted text> Which was? The top of your head
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