Since: Dec 11

Location hidden

#25199 Oct 25, 2012
People were not forced to take loans. Freddie, Fannie, BoFA, Countrwide (I think they're part of one of these groups) and many more gave loans nilly willy. People were lured into buying homes they could not pay for because they (purchasers) did not read the paperwork. Most of these loans were variable rate loans and heck yeah, it sounded good that someone making a small amount of money could afford a $300,000.00 home with $1000 down and a payment of $325.00 a month and the life of their mortgage could be as much as 50 years. I made those numbers up but's that pretty much how it worked. Reading the small print is a good thing. Variable loan means your payment can and probably will increase and could decrease but probably won't. When the "variable" kicked in, people found themselves upside down in homes they couldn't afford and had to foreclose on. Am I saying it was fair for banks and mortgage lenders to make money this way, no, but there's no honor among theives; however, we are responsible to do our homework before making probably the largest investment we'll ever make. We bailed out banks for greed and people for stupidity.
TSF

Kenly, NC

#25200 Oct 25, 2012
Ordering the kill/capture of Bin Laden was a hell of a lot different than Dubya sitting back with his thumb up his rear and saying "Bin Landen is no longer a person of interest"
The Enemy Within wrote:
<quoted text>
The killing of bin Laden has been depicted in the liberal media as some kind of act of courage by Obama. After bin Laden was located, why would any President not give the green light to get him?
That took no courage from Obama. Wouldn’t it have political suicide for Obama not to have given the green light?
All Obama did was hedge his bets by authorizing the admiral in charge to proceed only under various conditions. This meant that success would be credited to Obama and failure could be blamed on the admiral.
Making Obama look good if there was success and the admiral the scapegoat if there was failure.
If the attacked would have failed then the admiral would have joined the list with George W. Bush, Hillary Clinton and other scapegoats for Obama's failures.
TSF

Kenly, NC

#25202 Oct 25, 2012
Greed is your word, not mine. I could give a flip about how much money some people have, and some have more than you can imagine.
What I DO care about is letting these dandies get by with a lower tax RATE than I am paying.
The Enemy Within wrote:
<quoted text>
You continue to spew this rhetoric about the greed of the rich.
I find it fascinating when people attribute high incomes to greed.
Greed tells you what you want. If you have high income it’s because someone else is willing to pay it. Furthermore it is quite ironic that the other people who are willing to pay it very often (in recent years) have been the politicians who are spending the taxpayers’ money.

Since: Sep 12

Location hidden

#25203 Oct 25, 2012
Makin bacon wrote:
People were not forced to take loans. Freddie, Fannie, BoFA, Countrwide (I think they're part of one of these groups) and many more gave loans nilly willy. People were lured into buying homes they could not pay for because they (purchasers) did not read the paperwork. Most of these loans were variable rate loans and heck yeah, it sounded good that someone making a small amount of money could afford a $300,000.00 home with $1000 down and a payment of $325.00 a month and the life of their mortgage could be as much as 50 years. I made those numbers up but's that pretty much how it worked. Reading the small print is a good thing. Variable loan means your payment can and probably will increase and could decrease but probably won't. When the "variable" kicked in, people found themselves upside down in homes they couldn't afford and had to foreclose on. Am I saying it was fair for banks and mortgage lenders to make money this way, no, but there's no honor among theives; however, we are responsible to do our homework before making probably the largest investment we'll ever make. We bailed out banks for greed and people for stupidity.
EXACTLY.
TSF

Kenly, NC

#25204 Oct 25, 2012
The job of a loan officer in a bank is to assure that the person CAN pay back the loan AND that the loan is secured by the value of the real property. The loan officers are not that stupid and neither are their supervisors. Loan officers and supervisors alike were being paid by the loan so they didn't care. They falsified the qualifications to increase "production" and sold the loans that they knew were bad in order to shift the liability for their fraud onto the taxpayers.
Even after this monstorous scam, we still have ignorant republikans who want to deregulate the banks and turn them lose on the taxpayers again. Mitt Romney isn't that ignorant, so you tell me why you think he wants deregulation.
Silvercoastcorks wrote:
<quoted text>
You had me till you said being forced. No one forced any of the "homeowners" to take a loan for a house they obviously couldn't afford.
How is living above your means the fault of congress?

“Arch Nemisis of Democrats”

Since: Jun 12

Location hidden

#25205 Oct 25, 2012
TSF wrote:
Greed is your word, not mine. I could give a flip about how much money some people have, and some have more than you can imagine.
What I DO care about is letting these dandies get by with a lower tax RATE than I am paying.
<quoted text>
Even if the "rich folk" are filing a lower tax rate than you, they still pay more in taxes than you.

Obama's ad...Romney paid a 14% tax rate on 13 million earned income. Do the math your self. 14% of 13 million dollars is? Anyone? Anyone?

“ We are not permanent”

Since: Oct 08

Gaston County

#25206 Oct 25, 2012
TSF wrote:
<quoted text>Greed is your word, not mine. I could give a flip about how much money some people have, and some have more than you can imagine.
What I DO care about is letting these dandies get by with a lower tax RATE than I am paying.
So quit paying income taxes, invest your money, live off of the interest of your investments and pay the same Capitol gains tax rate as they do.

It's quite simple.
TSF

Kenly, NC

#25207 Oct 25, 2012
Nuclear war is not survivable for anyone. For us to aim our nuclear weapons at ourselves would be just as sensible as aiming them at Russia. That way, our people would die almost instantly while around 2 weeks later, the Russians (and everyone else) would die slow agonizing deaths with the flesh rotting slowly off their bodies as a result of the massive radioactive fallout covering the Northern hemisphere for years to come..
It would be the same if we only had 1000 nukes. I understand the "chicken" factor and so do the Russians. They want 12,000 because they think we are crazier than they are.
waco1909 wrote:
Some Russians are as crazy as some Americans.They think 12 thousand nukes to our 5 thousand nukes is a winnable war for them.All that 5 thousand nukes does is make the Russians more likely to attack first.

“Arch Nemisis of Democrats”

Since: Jun 12

Location hidden

#25208 Oct 25, 2012
TSF wrote:
The job of a loan officer in a bank is to assure that the person CAN pay back the loan AND that the loan is secured by the value of the real property. The loan officers are not that stupid and neither are their supervisors. Loan officers and supervisors alike were being paid by the loan so they didn't care. They falsified the qualifications to increase "production" and sold the loans that they knew were bad in order to shift the liability for their fraud onto the taxpayers.
Even after this monstorous scam, we still have ignorant republikans who want to deregulate the banks and turn them lose on the taxpayers again. Mitt Romney isn't that ignorant, so you tell me why you think he wants deregulation.
<quoted text>
Since you haven't provided a credible source of information for us to review, I can only speculate it is your opinion that us big bad republicans want to deregulate the banking industry.

"Loan officers and supervisors alike were being paid by the loan so they didn't care."

This is the only bit of opinion I find worthy to address. Since your beef is with the mortgage loan industry and not former President Bush, you should take your beef up with the mortgage loan industry. People get "hustled" out of their money all day long all over the world. Right or wrong, it is their money and their right to do with it however they please.

If you want to lead a crusade to prevent that from happening, good luck.

“Arch Nemisis of Democrats”

Since: Jun 12

Location hidden

#25209 Oct 25, 2012
waco1909 wrote:
Living"beyond your means"is as American as apple pie.See those slick Madison Avenue ads on TV that tell you your car is a piece of shit? The ones that tell you you have to have the latest cell phone and the trendiest Jeans? That ones that say you have to have this Cologne or this perfume? The banks send me credit card offers every week.At ruinous interest rates. Wake up and smell the money!
Well man, it is your liberty to live life your own way. Just take responsibility for it and have a ball.
TSF

Kenly, NC

#25210 Oct 25, 2012
Duh!! WTF do you think RATE means?

You just proved that you are no accountant. If you think you are, God help your clients.
Silvercoastcorks wrote:
<quoted text>
Even if the "rich folk" are filing a lower tax rate than you, they still pay more in taxes than you.
Obama's ad...Romney paid a 14% tax rate on 13 million earned income. Do the math your self. 14% of 13 million dollars is? Anyone? Anyone?

“Arch Nemisis of Democrats”

Since: Jun 12

Location hidden

#25211 Oct 25, 2012
The Enemy Within wrote:
<quoted text>
So quit paying income taxes, invest your money, live off of the interest of your investments and pay the same Capitol gains tax rate as they do.
It's quite simple.
Winner winner, chicken dinner.
TSF

Kenly, NC

#25212 Oct 25, 2012
Yes. What I am advocating is simple. Charge the same RATE on ALL income. That includes interest on investments.
The Enemy Within wrote:
<quoted text>
So quit paying income taxes, invest your money, live off of the interest of your investments and pay the same Capitol gains tax rate as they do.
It's quite simple.

Since: Dec 11

Location hidden

#25213 Oct 25, 2012
TSF wrote:
The job of a loan officer in a bank is to assure that the person CAN pay back the loan AND that the loan is secured by the value of the real property. The loan officers are not that stupid and neither are their supervisors. Loan officers and supervisors alike were being paid by the loan so they didn't care. They falsified the qualifications to increase "production" and sold the loans that they knew were bad in order to shift the liability for their fraud onto the taxpayers.
Even after this monstorous scam, we still have ignorant republikans who want to deregulate the banks and turn them lose on the taxpayers again. Mitt Romney isn't that ignorant, so you tell me why you think he wants deregulation.
<quoted text>
TSF, don't you find it just a llittle odd that the homeowners didn't have the good sense to figure out they didn't qualify for a loan. For the love of Pete, if you make $2000 a month, you CANNOT AFFORD a $300,000.00 home. Did the borrowers not look at their mortgage worksheet provided to them by the lender to make sure they met the qualifications? Don't you think there was some responsibility on the part of the borrower to at least ask "how do I qualify for this much money when I don't make that much a month?" Was everyone stupid that made these loans? As you well know, I will ask you a math question or someone else on here and am not one bit ashamed to do so. Do you not think these people might not have had a friend, co-worker or somebody that would have said "You might need to check other lenders, this loan you're getting doesn't pass the smell test."

“Breaking the spell ”

Since: Dec 10

of the puppet master

#25215 Oct 25, 2012
The Enemy Within wrote:
<quoted text>
Bullshit. Clinton didn't balance shit, Gingrich did and he had to shutdown the government to get it done
Then Gingrich deregulated the market.
TSF

Kenly, NC

#25216 Oct 25, 2012
Its a sin to allow suckers to keep their money?

You bitch constantly about taxes, yet you want to allow bankers to continue legally raiding the treasury. You cannot see the conflict there or how it hurts you and every other tax paying citizen? If so, you are hopeless.
Silvercoastcorks wrote:
<quoted text>
Since you haven't provided a credible source of information for us to review, I can only speculate it is your opinion that us big bad republicans want to deregulate the banking industry.
"Loan officers and supervisors alike were being paid by the loan so they didn't care."
This is the only bit of opinion I find worthy to address. Since your beef is with the mortgage loan industry and not former President Bush, you should take your beef up with the mortgage loan industry. People get "hustled" out of their money all day long all over the world. Right or wrong, it is their money and their right to do with it however they please.
If you want to lead a crusade to prevent that from happening, good luck.

“Breaking the spell ”

Since: Dec 10

of the puppet master

#25218 Oct 25, 2012
Taxpayer wrote:
<quoted text>
I have not twisted a thing. Please tell me you are not that naïve. Whether you are or not, this does not give you the right to steal from my family and others to waste on this socialist ignorance. It is this type of socialist manipulation that causes irresponsible people to become more dependent on government to condone their actions.
If we can make it legal to terminate children, then we can make it legal to terminate irresponsible people. Socialism is weak and makes people who become trapped by it weak. Your solution is a tragedy and has brought generations of individual and children to a life of groveling at the feet of government.
Helping to feed children in need is not a waste. Ask your Jesus to see if he agrees.

“ We are not permanent”

Since: Oct 08

Gaston County

#25219 Oct 25, 2012
Mike Duquette wrote:
<quoted text>Then Gingrich deregulated the market.
Wrong!

Government once again intervened where there was no problem.

“Smarter Than You”

Since: May 12

Location hidden

#25220 Oct 25, 2012
TSF wrote:
Nuclear war is not survivable for anyone. For us to aim our nuclear weapons at ourselves would be just as sensible as aiming them at Russia. That way, our people would die almost instantly while around 2 weeks later, the Russians (and everyone else) would die slow agonizing deaths with the flesh rotting slowly off their bodies as a result of the massive radioactive fallout covering the Northern hemisphere for years to come..
It would be the same if we only had 1000 nukes. I understand the "chicken" factor and so do the Russians. They want 12,000 because they think we are crazier than they are.
<quoted text>
you seem to forget that people are not all same old boy.

Since: Dec 11

Location hidden

#25221 Oct 25, 2012
TSF wrote:
Ordering the kill/capture of Bin Laden was a hell of a lot different than Dubya sitting back with his thumb up his rear and saying "Bin Landen is no longer a person of interest"
<quoted text>
It was JFK who said we would send a man to the moon and back before then end of the decade but it was Richard Nixon in the White House when it actually happened. Did Nixon take credit, no. For Obama to take credit because he "got Bin Laden" is absurd!

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