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Late on the draw, moron. Your opinion is worth about as much as your vote in the last election. Wait - you voted for who?<quoted text>Oxygen is incapable of igniting, buttmunch, it's a catalyst only.
Posted in the Chicago Forum
Comments (Page 37,640)
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Since: Oct 12
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Judged: 2 2 1 Late on the draw, moron. Your opinion is worth about as much as your vote in the last election. Wait - you voted for who? |
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Judged: 2 2 2 Yes, me and over 62 million Americans. We won, you lost. |
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Judged: 1 1 Amen, Mr. Galt. Good thing I'll be gone (I hope) by the time this ridiculous philosophy overtakes that which made America great. |
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Judged: 2 2 2 He told the story for a reason. Get stuffed. Humans act in strange ways if they think they are anonymous. Look at you, a legend in your own mind. He's a murderer who got away with it, he's either bragging or feels guilty. |
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“life under BO” Since: Sep 12
buena vista |
Illegal firearms in the hands of criminals are the cause for our high murder rates, imbecile. We know who shouldn't have guns. |
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“wake up” Since: Jan 10
utica ny |
Judged: 1 1 1 No gun involved. Only weapon used , 1 ghetto rat baby mamma and 3 garbage bags...libtards , I only have one question for you. Which one of those murder weapons should be bannd? The ghetto rat or the garbage bag ? Bolth? |
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Judged: 1 1 1 "Late on the draw" means that your boastful claim was proven completely wrong yesterday. Try engaging your brain before opening your mouth. |
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Judged: 2 2 2 Ask your husband . |
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“life under BO” Since: Sep 12
buena vista |
Get educated davey, stop looking like a fool, it's all here, you can't refute one thing in here, democrats own this mess 100%. No CRA, no subprimes, no derivatives, no mortgage meltdown.. http://www.sjsu.edu/faculty/watkins/subprime.... San José State University Department of Economics applet-magic.com Thayer Watkins Silicon Valley & Tornado Alley USA The Nature and the Origin of the Subprime Mortgage Crisis There has been a long term American policy of promoting home ownership. This entailed making the financing of home purchases as easy as possible. Various financial institutions were set up over time to make the securing of a mortgage quick and convenient. There once were Savings and Loan Associations that were savings institutions which could only invest in home mortgages. Fannie Mae (the Federal Nation Mortgage Association FNMA) was set up in 1938 to provide a secondary market for home mortgages. This meant that if a bank granted a mortgage to someone and later the bank needed funds the bank could readily sell the mortgage to Fannie Mae. However, in order for lending institutions to have access to the secondary mortgage market of Fannie Mae they had to abide by Fannie Mae's rules. In the past Fannie Mae prohibited the lenders it was dealing with to engage in the practice of red lining. Red Lining meant that a bank would refuse to finance a home purchase in neighborhoods it consider high risk even if the prospective borrowers were themselves good credit risks. In part, this was because the bank did not want, in the event of default and foreclosure, to become the owner of property in a risky neighborhood. The deeper roots of the problem go back to the Community Reinvestment Act of 1977. In the 1990's under the administration of Franklin Raines, a Clinton Administration appointee, Fannie Mae began to demand that the lending institutions that it dealt with prove that they were not redlining. This meant that the lending institutions would have to fulfill a quota of minority mortgage lending. This in turn meant that the lending agencies would have to lower their standards in terms of such things as down payments and the required incomes. These subprime borrowers would be charged a higher interest rate. Having put the lending agencies into the position of granting subprime mortgages Fannie Mae then had to accept lower standards in the mortgages it purchased. That set the ball rolling. If a bank granted a mortgage to a borrower that was not likely to successfully pay off the mortgage then all the bank had to do was to sell such mortgages to Fannie Mae. The banks typically earned a loan origination fee when the mortgage was granted. The lending agencies could then make substantial profits dealing in subprime mortgages. Because Fannie Mae and Freddie Mac made a market for subprime mortgages the lenders did not have to worry about of the soundness of the mortgage contract they wrote. Thus the lenders could write the mortgages as adjustable interest rate mortgages knowing full well that an upturn in the interest rates could easily throw the borrower into insolvency. For example, when the interest rate is 6 percent the mortgage payment for a 30-year $200,000 mortgage is $1199 per month. If the interest rate goes up to 7 percent the mortgage payment would increase by $131 per month, an 11 percent increase. For many of the subprime borrowers living on the edge of insolvency this would be enough to push them over the edge. The guilt for the subprime mortgage financial crisis lies both with the lenders who knowingly put borrowers into booby trapped mortgages and the management of Fannie Mae and Freddie Mac for making a market for such booby trapped mortgages thus giving the lenders the incentive for writing them. |
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Judged: 1 1 1 But what did you win? Continuation of a doomed economic policy? Who will Obama blame for the recession of 2013? |
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“life under BO” Since: Sep 12
buena vista |
Judged: 1 1 1 This is it in a nutshell, davey, government meddling, democrat government meddling, convince me otherwise. |
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Judged: 1 1 1 You are falsely accusing someone of a Capital Offense, Murder. You can be charged for that, lily. Defamation of character, aggravated harassment, stalking ... And other misdemeanors. And if he got a good Lawyer and proved it caused him duress ... He has a case. Look it up. Know the Laws of The Internet. I've saved ALL of your accusatory posts. You've stepped over the line and crossed the boundary on this one. Take Care ...
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NO...the USA lost, just as it has for the last 4 years of incompetent Obama shenanigans, and the morons who chose to re-elect the corrupt puppet of the Chicago Democratic Machine are representative of the lowlife bottomfeeding leeches (and at least one drunk from Boca) who now inhabit our once great nation, the one that Michelle Obama was never proud of prior to the incompetent Obama was elected to office on a platform of magic hopey-changey voodoo. |
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Judged: 1 1 1 |
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“life under BO” Since: Sep 12
buena vista |
Davey has yet to refute any of the facts, he just condemns. Willfully ignorant is the term. |
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“life under BO” Since: Sep 12
buena vista |
It's all here davey, open your eyes and see the truth:
"agencies would have to lower their standards in terms of such things as down payments and the required incomes. These subprime borrowers would be charged a higher interest rate. Having put the lending agencies into the position of granting subprime mortgages Fannie Mae then had to accept lower standards in the mortgages it purchased. That set the ball rolling. If a bank granted a mortgage to a borrower that was not likely to successfully pay off the mortgage then all the bank had to do was to sell such mortgages to Fannie Mae. The banks typically earned a loan origination fee when the mortgage was granted. The lending agencies could then make substantial profits dealing in subprime mortgages." The banks and mortgage cos. didn't give a shit, F and F[read the taxpayers} was on the hook for the defaults. No bank is going to loan millions and billions if their money is on the line. Wise up. |
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“life under BO” Since: Sep 12
buena vista |
Judged: 1 1 1 He frikking owns this mess. |
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Judged: 2 2 2 I have never done anything I have ever been ashamed of , but I did buy you at a lower price than expected , I bet your husband is real jealous ! |
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But that doesn't mean his reason was because he was confessing.
Or because he was guilty of committing the crime. You should look at yourself. You're a paranoid mess. You see demons, devils, and racists in every white face. Aint no way to go through life. And basically, you're a coward. You're only getting mouthy now because, well one you're drunk, and you think debil, dem are going to come to your rescue. HA! I'll still drill you a new concept, you a$$ kisser. Yes, I Am A Legend In My Own Time. Yes, look at me. I stood up and defended My Husband. While you, suck a$$, allowed him and yourself to be dawged. You call it, better than. I consider you less than. Bragging? If I had to choose one of the two, I'd say letting it be known he doesn't fck around. And don't fck with me kinda guy. But certainly no confession or sign of guilt. That's your warped mind talkin'... Which is a fawkin' mess.
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Judged: 2 2 1 Husband> I thought you were a man |
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