Can I get an AMEN?!

decides2dream

no shock there.
people were energized by a pretty female face with good tallking points, telling them things many wanted to hear and believe. then, some research was done and the truth came out.

personally, beyong the nutters....i don't know how anyone could truly believe/support her ideas. mccain was completely unappealling on his own for me, but add her in the mix and it went from bad to worse imho. if her addition hinders the ticket, all the better.

blackredyellow

vduboise wrote:

Most of the problems with the mortgages in this country is not that they gave mortgages to all who wanted it, but more that they kept "adjusting" the rate to such a degree that people who could afford it 2 years ago, can not now. If banks just left the rate alone for a few years, then people could pay their mortgage. Instead the banks keep increasing the rate- knowing that people will have a hard time paying.

The problem is, that people who took these adjustable rates got the benefit of a lower rate at the time then they would have gotten with a fixed rate. They either did this so they could afford a more expensive house, or that they thought the rate would somehow get better.

Granted, some borrowers were taken advantage of, or screwed by dishonest mortgage brokers, but if you knowingly got into an adjustable rate, or interest only mortgage and are crying foul now, then you are on their own in my opinion.

jimed14

jimed14 wrote:

McCain came out like a scared, running for office bitch and proposed 2 - 3 different things in 2 - 3 days ... including stating if he were president, he'd fire the SEC Chairman, Christopher Cox ... only problem, the Prsident does NOT have the authority to do that ... 2 days later, McCain's story changed to "I'd call for his resignation" .... ridiculous.

One more note on this ... saw McCain on 60 minutes last night ... the interviewer asked about him calling for the Firing of Chairman Cox ... McCain's reponse ...

he stated he (now) knows the president cannot fire the SEC chairman ... but then went on to say, "But when I'm president, if I want someone to resign, he resigns." ...

whaaaaaaa? The whole point about not giving the president the authority to fire certain positions is to keep them independent and not under the influence of the president ... sounds far too Bush/Chainey-esque to me. Rules? We don't need no stinkin' rules.

sweetpotato

jimed14 wrote:

One more note on this ... saw McCain on 60 minutes last night ... the interviewer asked about him calling for the Firing of Chairman Cox ... McCain's reponse ...

he stated he (now) knows the president cannot fire the SEC chairman ... but then went on to say, "But when I'm president, if I want someone to resign, he resigns." ...

hmmm. i guess we have another "decider" on our hands. :rolleyes:

my2hands

the best part about this kook Palin, is that she is a crazy Christian that thinks the world is only 5,000 years old


i am sick and tired of these Christian Fundamentalists with there insane ideas and beliefs and their hatred of science...

FUCKING SICK OF IT

sweetpotato

blackredyellow wrote:

... but if you knowingly got into an adjustable rate, or interest only mortgage and are crying foul now, then you are on their own in my opinion.

fine, but then so are the scumbags in these investment forms who made a shitload of money off of the whole thing. they should land on their asses, too, but they won't. because we're all for a "free market" when the rich are getting richer, but the minute they get too greedy and fuck things up, we're suddenly in the corporate welfare business.

i'd rather help the homeowner who may have gotten in over their heads trying to have the american dream than the asshole with the multimillion dollar paycheck who earned it off of the sweat of the lower classes.

cincybearcat

sweetpotato wrote:

fine, but then so are the scumbags in these investment forms who made a shitload of money off of the whole thing. they should land on their asses, too, but they won't. because we're all for a "free market" when the rich are getting richer, but the minute they get too greedy and fuck things up, we're suddenly in the corporate welfare business.

i'd rather help the homeowner who may have gotten in over their heads trying to have the american dream than the asshole with the multimillion dollar paycheck who earned it off of the sweat of the lower classes.

"homeowner who may have gotten in over their heads trying to have the american dream"

Wow, that a kind way to put "Irresponsible individual who wants other people to pay for their mistakes".

sweetpotato

cincybearcat wrote:

"homeowner who may have gotten in over their heads trying to have the american dream"

Wow, that a kind way to put "Irresponsible individual who wants other people to pay for their mistakes".

and you could use that very same description for the wall street motherfuckers who created this problem with their limitless greed. except they have lots of resources to fall back on, and the family only has/had the house.

and let's keep in mind, mr. free market, that it benefits the whole of society if more people own their homes. whereas, what is the actual benefit of these greedy execs who have no limits on their personal income? they only benefit themselves and their heirs. and don;t give me that old bullshit line about the wealth trickling down, yada yada. tell that to the family of four with no healthcare who are expected to live on $20k a year.

sweetpotato

and i notice that you failed to address the first part of my post. why are we bailing these assholes out? let them hang, and we'll take our chances. fuck them.

cincybearcat

sweetpotato wrote:

and i notice that you failed to address the first part of my post. why are we bailing these assholes out? let them hang, and we'll take our chances. fuck them.

Why so hostile?

I agree, we shouldn't be bailing ANYONE out of this situation...lender, homeowner, etc...well, I'd have to look more closely into it to see how it effects th eoveral economy etc, but I'd start out at, bail out no one.

I still think that ultimately the blame for the mortgage crisis are the idiots that bit off more than they could chew.

callen

cincybearcat wrote:

I still think that ultimately the blame for the mortgage crisis are the idiots that bit off more than they could chew.

1/3 and 1/3 and 1/3..the idiots that didn't realize they can't have a $2000 mortgage on $30K income and the idiots that gave them the loan...or worse the idiots that bought those loans. All three should absorb this mess...but ultimately we will.

searchlightsoul

meistereder wrote:

That term is thrown around because the majority of objective journalists happen to vote democrat. You can't turn off your common sense.

Exactly. And there's also a reason why those academics (who apparently don't know anything :rolleyes: ) vote liberal, and those who don't hold passports vote conservative.

On the latter, I still haven't heard anyone address the point brought up by the Republican senator. How can you even think to run in a presidential campaign when you only got your passport the year earlier? That says a tremendous amount about one's ignorance I think to not even see that the world extends further than your country doesn't it? - That maybe it is worth seeing a differant perspective.