Yea and most of what you just mentioned can be traced directly to Bill 'Slick Willie' Clinton!<quoted text>And you Sir are ignorant to the truth.
No poor person or middle class worker EVER made a bad home loan to anyone. It was a scam put forth by some RICH CEOs of the banking and loan institutions that came up with that.
No poor or middle class worker EVER came up with the idea to bundle all those bad home loans together and sell the worthless stocks to the world. It was some RICH Wall St. Hedge Fund Billionaire that came up with that scam.
No worker on a factory floor ever decided that it would be a great idea to shut their American factory down and move it to China to pay slave wages. It was the RICH CEOs that made that happen simply because of greed.
These three things caused the 2008 collapse of the US Economy.
"Fox News Sunday" is heading to Louisville, Ky. Jack Conway, Kentucky's attorney general and the Democratic candidate for Senate , and Rand Paul, the Republican nominee and son of Representative Ron Paul, Republican of Texas, have agreed to a live debate on "Fox News Sunday" on Oct.3 at 9 a.m. (Eastern time).
Join the discussion below, or Read more at thecaucus.blogs.nytimes.com.
#72326 Jan 6, 2013
#72327 Jan 6, 2013
Nothing proves the mainstream news is closer to the truth than the polls before the electiom. All polls showed Obama winning but rassmussen and fox news could not believe it. Carl Rove, Hannity, and Dick Morris all said they were wrong and Romney was going to win easy. It turned out all other polls were amost dead on. Rassmussen and fox news were far out there. Things will not change anytime soon. We still see such hate for this president. They want him to look bad and will do anything to make it so.
#72328 Jan 6, 2013
its no wpnder the kenyan got elected people like this have been convinced the leftwingwhackadoos care about them, while they bend em over like a rented street walker and shove a 14 inch boner up their ass
#72329 Jan 6, 2013
Clinton did not make any one prey on the people the way they did. He did try to make it easier to get home loans, but never intended for the banks and hedge fund managers to make bad loans bet on them to fail and when they did walked away with wheelbarrows of money laughing. These greedy people knew what they were doing dont blame Clinton for their bad behavior!
#72330 Jan 6, 2013
No ,,,ALL of it can be traced back to the RICH have done MORE damage to America than all those on welfare ever could.
#72331 Jan 6, 2013
Nothing I posted has any political statement about it. The Rich have done more damage to the economy than any poor or working class person ever could have done.
#72332 Jan 6, 2013
So blame Bush, who had nothing to do with it?
#72333 Jan 6, 2013
So this is how you are going to 'side step' the issue? I responded to your post about lending practices, and tied it to Clinton, where it belongs, so you respond with a post about welfare? My granddad told me to never argue with a fool, cause those wacthing might have a problem figureing out who the fool was!
#72334 Jan 6, 2013
So you are clearly admiting Bush had nothing to do with the 2008 economy! Well it's about time a Democrat did that!
#72335 Jan 6, 2013
name me one poor person that has ever created a job, name me one job the government has created without stealing from, another to pay for it, you are just stoopid, nobody held a gun on any of these people and made them take out a loan they knew they couldnt pay back, if not for governement regulations, these loans would have never been made, lear to read and comprehend, repeating the dnc talking points does nothing but make you look even dumber
#72336 Jan 6, 2013
its kinda like hafta they claim the rich sent their jobs to china mexico and canada, but they refuse to accept the fact slick willie the surplus on a blue dress president, signed nafta into law that created this mess
#72337 Jan 6, 2013
Actually let's stop for a moment and look to see if Bush ever encouraged home loans to those that may not have been the best candidates.
President Bush Signs American Dream Downpayment Act of 2003
First let's point out that over 90% of the home loans defaulted on in 2008 were LESS than 5 years old.
2008 - 2003 = 5 years. huh,,,,,,
Let's see what Bush said about the need for more home loans in 2003.
"""I am here today because we are taking action to bring many thousands of Americans closer to owning a home. Our government is supporting homeownership because it is good for America, it is good for our families, it is good for our economy.
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 homeowners in America by the end of the decade. That is an attainable goal; that is an essential goal.
We understand that buying a home for the first time is complicated, and we want to simplify the process.
And thirdly, we want to make buying a home simpler. Many first-time buyers look at the paperwork from a loan application, and frankly, get a little nervous about all the fine print. Those forms can be intimidating to the first-time home buyer. They can be intimidating to the second or third-time home buyer, too.(Laughter and applause.) So this administration has proposed new rules to simplify the forms home buyers and homeowners fill out when they apply for a loan or close on a mortgage.
I rest my case.
#72338 Jan 6, 2013
And you should rest your case, it needs rest!
Our great President, George W Bush, made it easier for decent hardworking American families to own a home! It was not designed for welfare rideing trash to buy a million dollar home to live in for 6 mounths to 1 year, and live the high life! Read your own post and tell me what Bush said that was wrong? He stood up to help working families live a better life, not spread the wealth of Decent Americans to scum, like the man from Kenya has on his mind!
#72339 Jan 6, 2013
I do agree with your post.
Please do not confuse mainstream media with Independent media.
Mainstream media is corporate half-truths mixed with truth.
Fox News is propaganda corporate half-truths mixed with truth.
Independent media is much closer to the truth.
#72340 Jan 6, 2013
The new law Bush signed changed 4 major items of home loans never done before.
1. No down payment required.
2. No background checks.
3. Up to 150% of home value could be loaned.
4. Up to 5 years of deferred Principal Payments.
#72341 Jan 6, 2013
White House Philosophy Stoked Mortgage Bonfire
We can put light where there’s darkness, and hope where there’s despondency in this country. And part of it is working together as a nation to encourage folks to own their own home.”— President Bush, Oct. 15, 2002
December 20, 2008 / http://tinyurl.com/83qjpf
WASHINGTON — The global financial system was teetering on the edge of collapse when President Bush and his economics team huddled in the Roosevelt Room of the White House for a briefing that, in the words of one participant,“scared the hell out of everybody.”
It was Sept. 18. Lehman Brothers had just gone belly-up, overwhelmed by toxic mortgages. Bank of America had swallowed Merrill Lynch in a hastily arranged sale. Two days earlier, Mr. Bush had agreed to pump $85 billion into the failing insurance giant American International Group.
The president listened as Ben S. Bernanke, chairman of the Federal Reserve, laid out the latest terrifying news: The credit markets, gripped by panic, had frozen overnight, and banks were refusing to lend money.
Proof Bush policy caused foreclosure crisis in America /
A Home of Your Own
EXPANDING OPPORTUNITIES FOR ALL AMERICANS
“Not afraid to stand alone.”
Since: Jun 09
Flat Lick Ky.
#72342 Jan 6, 2013
Go Dan Rather!!!
#72343 Jan 6, 2013
PROOF Bill Clinton and all Newt Gingrich Republicans terminated Glass/Steagall which protected our citizenry from the Banksters of 1929 crash.
Fiscal conservatives and F.D. Roosevelt were against government insuring private bank savings.
It only materialized because it was promoted by moderate Republicans like Arthur Vandenburg and Populist Democrats like Henry Steagall.( Glass-Steagall.)
Today there are zero moderate Republicans and Obama and most Democrats are corporatist and not liberals.
Obama ‘s Health Care is a massive giveaway to the HMO’s just like the Bush Republican Senior Citizen prescription drug bills in 2003 & 2006.
Seniors and all Americans are still paying the highest medicine prices.
Gramm-Leach-Bliley Act of 1999
Senate voted 90 yea 8 nay / http://banking.senate.gov/conf/
This proves beyond all doubt that both parties do not represent “We The People”!
Gramm-Leach-Bliley Act of 1999-Part 2
Gramm-Leach-Bliley Act of 1999-Part 1
Gramm-Leach-Bliley Act of 1999
Bill Clinton and the Republicans did away with oversight.
President Bill Clinton signed this into law with 54 Republicans voting yes and 44 Democrats voting no./ http://tinyurl.com/5lwv6z
#72344 Jan 6, 2013
And that hurt an honest family how?
#72345 Jan 6, 2013
isnt it amazing the leftwingwhackadoos as usual leave out an important detail, in the law bush signed into law, mr bush also said if we dont do something to shore up freddie mac and fannie mae we will have a housing crisis that was in 2003, at the protest of bawney fwank whos boyfriend fwankwin waines was running freddie and fannie
Add your comments below
|Randall Abshire, where are you boy||7 min||old flame new wick||4|
|Bible study rules for public schools proposed (Feb '10)||10 min||Lol||145,667|
|Caution! Knox Jail Escape||35 min||MisFit Kid||17|
|Vote Yes for Alcohol||2 hr||aaa||62|
|missing person kenneth allen saunders (kenny)||2 hr||aunt mary||10|
|lets go to florida (Jan '15)||2 hr||NRA Member||279|
|Sexual Chocolate||6 hr||PhD||3|
|How to make homemade ice melt for steps, sidewa... (Jan '13)||Nov 23||Feloni||77|
Find what you want!
Search Barbourville Forum Now
Copyright © 2015 Topix LLC