tag:blogger.com,1999:blog-8499859064694863448.post2437496192791725392..comments2023-10-30T07:38:32.292-07:00Comments on Pedestrian Observer GB: Bernie Sanders a voice in the Bailout WildernessAnonymoushttp://www.blogger.com/profile/03336187436333827201noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8499859064694863448.post-80772324876245369082008-10-11T09:40:00.000-07:002008-10-11T09:40:00.000-07:00@uspace do you have any data to support your conte...@uspace do you have any data to support your contention on the poor people the data indicates otherwise and actually shows a strong responsible borrowers in that group.<BR/><BR/>It was the sub-prime loan that caused the meltdown and if it was through CRA then the loans would have been FHA guaranteed and as such will not be approved.<BR/><BR/>It is the easing of the regulation and lack of disclosure from the real estate "professionals" and mortgage broker through sleigh of hands that enticed borrowers to speculate and buy homes way beyond their means on false assumption that they can refinance their loans or flip it.<BR/><BR/>The banking industry are supposed to be populated by experts unfortunately greed took the best of them and now they are pointing the blame elsewhere when 3 of their fingers actually point back at them.Anonymoushttps://www.blogger.com/profile/03336187436333827201noreply@blogger.comtag:blogger.com,1999:blog-8499859064694863448.post-24753249273213853742008-10-10T21:28:00.000-07:002008-10-10T21:28:00.000-07:00.It’s a shame politicians and the racial grievance....<BR/>It’s a shame politicians and the racial grievance industry forced banks starting back in the 80s to give home mortgages to poor people who weren’t credit worthy enough. Then, they just started lending mortgages way beyond many people's credit abilities. That’s where all this mess started. And also that they didn’t regulate Fannie Mae and Freddie Mac like they do other banks. <BR/><BR/>Alan Greenspan should be exposed for the problems he helped cause by allowing credit quality to be ignored for so long before he said anything. <BR/>Scary, will sanity ever prevail?<BR/>.<BR/>if money were free<BR/>it would have no value<BR/>- extreme inflation<BR/><BR/>.<BR/>ignore credit scores<BR/>give everyone homes<BR/>- like musical chairs<BR/><BR/>to deny a mortgage<BR/>must be due to racism<BR/><BR/>.<BR/>absurd thought -<BR/>God of the Universe says<BR/>forgive all debts<BR/><BR/>settle all accounts<BR/>no one owes anything<BR/><BR/>.<BR/>absurd thought -<BR/>God of the Universe says<BR/>make housing costs look cheap<BR/><BR/>go paint a rosy picture<BR/>just get people to sign up<BR/><BR/>.<BR/>All real freedom starts with freedom of speech. Without freedom of speech there can be no real freedom.<BR/>.<BR/><A HREF="http://www.libertarian.to/images/animation/PhilosophyOfLiberty-english.swf" REL="nofollow">Philosophy of Liberty Cartoon</A><BR/>.<BR/><A HREF="http://haltterrorism.com" REL="nofollow">Help Halt Terrorism Today!</A><BR/>.<BR/><A HREF="http://www.lulu.com/content/2457373" REL="nofollow">USpace</A><BR/><BR/>:)<BR/>.Anonymousnoreply@blogger.com