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Community Organizers Like Obama Caused Mortgage Collapse - 6/15/2010 9:28:42 AM   
cuckoldmepls


Posts: 855
Joined: 11/29/2007
Status: offline 		Any one with any common sense would realize that the mortgage collapse was caused by both parties forcing banks to loan money to low income people at the drop of a hat. John Stossel even interviewed a black politician who revealed that the mortgage collapse was actually caused by too much government intervention. Community organizers all over this nation like Obama demanded banks loan money for low income people who couldn't prove how much money they made, had no or minimal down payment, and didn't have good credit ratings.

Common sense would tell you that people who can't save up enough money for a down payment, will most likely default on their loan at the first unexpected financial crisis such as needing a new air conditioner, new heater, new plumbing or a car breakdown. But the government forced them to loan money to them any way so they could claim that more people own homes today than ever before. Both parties were responsible for this and Obama was one of the ring leaders.

http://www.hyscience.com/archives/2008/09/obamas_dangerou.php

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"Honk, If I'm paying your mortgage"
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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/15/2010 9:29:52 AM   
Lucylastic


Posts: 40310
Status: offline 		hahahahahahahahahaha omg you are soo soo funny

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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/15/2010 9:34:35 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
quote:

Any one with any common sense would realize that the mortgage collapse was caused by both parties forcing banks to loan money to low income people at the drop of a hat.


A bizarre exaggeration. And aren't buyers still responsible for buying what they can afford? If you buy a truck you can't afford, and are underwater when you total it (as my neighbor did), is it the car dealer's/lenders fault for giving you the loan?

You're also ignoring the bundling of loans to hide weak assets and sell them. Without this, there would have been no meltdown.

Now....explain to me what the fuck a community organizer has to do with any of this.

Then explain to me what the fuck Obama had to do with the mortgage industry.

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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/15/2010 9:47:08 AM   
juliaoceania


Posts: 21383
Joined: 4/19/2006
From: Somewhere Over the Rainbow
Status: offline
quote:

Now....explain to me what the fuck a community organizer has to do with any of this.

Then explain to me what the fuck Obama had to do with the mortgage industry.


He is connecting the spots he has before his eyes he got from getting smacked really hard upside his head

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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/15/2010 9:59:01 AM   
housesub4you


Posts: 1879
Joined: 4/2/2008
Status: offline 		Wow, the GOP must really be in the shitter if this is the stuff they are pulling out of their asses

Anyone with common sense would see this for the BS it is

I guess community organizers will next be blamed for the oil spill caused by BP

(in reply to cuckoldmepls)
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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/15/2010 11:25:48 AM   
LadyEllen


Posts: 10931
Joined: 6/30/2006
From: Stourport-England
Status: offline 		Is it open mike night at the CM Comedy Club or something?

Next up "Scoutmasters - The Socialist Threat In Our Midst"

E

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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/15/2010 11:27:37 AM   
domiguy


Posts: 12952
Joined: 5/2/2006
Status: offline
quote:

ORIGINAL: cuckoldmepls

Any one with any common sense would realize that I am a complete dolt.


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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/15/2010 2:11:07 PM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		To be fair,real proof that cucky is full of shit.

A real republican and real man.Two things that don`t go together lately.

Alan Greenspan, explains the meltdown.

http://www.youtube.com/watch?v=bAH-o7oEiyY&feature=related

and

http://www.youtube.com/watch?v=bI2mJRXi3MI&feature=related

We have to give cons a little sympathy.This kind of blame dodging/shirking is all they discuss now a days.No policy,no hope,just bash and shirk.It must be aweful to be so lost.So cucky can`t help himself.

It`s a gigo thing, like in data proccessing.Garbage in,garbage out.

< Message edited by Owner59 -- 6/15/2010 2:13:04 PM >

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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/15/2010 2:12:06 PM   
Moonhead


Posts: 16520
Joined: 9/21/2009
Status: offline
quote:

ORIGINAL: housesub4you
I guess community organizers will next be blamed for the oil spill caused by BP


No, that was the fault of the English. Haven't you been paying attention?

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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/15/2010 7:07:37 PM   
Brain


Posts: 3792
Joined: 2/14/2007
Status: offline 		In what way did they force the banks to loan money to homebuyers?

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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/16/2010 7:33:09 AM   
truckinslave


Posts: 3897
Joined: 6/16/2004
Status: offline 		Via the Community Reinvestment Act, pased under Carter, unenforced under Reagan and pere Bush, vigorously enforced by Clinton, the cause of many protests and much agitation by Acorn.

Still on the books, a guarantor of future economic chaos.

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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/16/2010 6:19:21 PM   
AnimusRex


Posts: 2165
Joined: 5/13/2006
Status: offline 		Alas, if only that were the case...

Here is an article smacking down this kind of nonsense- money quote:

Perhaps one in four sub-prime loans were made by the institutions fully governed by CRA. Most important, the lenders subject to CRA have engaged in less, not more, of the most dangerous lending.

But blaming the worldwide financial panic on Rosa the cleaning lady in Tucson who bought a house she couldn't afford...well, that story just has truthiness all over it.

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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/16/2010 6:57:44 PM   
Sanity


Posts: 22039
Joined: 6/14/2006
From: Nampa, Idaho USA
Status: offline
At the bottom of your far left blog, the true money quote:

"Robert Gordon is a senior fellow at the Center for American Progress."


quote:

ORIGINAL: AnimusRex

Alas, if only that were the case...

Here is an article smacking down this kind of nonsense- money quote:

Perhaps one in four sub-prime loans were made by the institutions fully governed by CRA. Most important, the lenders subject to CRA have engaged in less, not more, of the most dangerous lending.

But blaming the worldwide financial panic on Rosa the cleaning lady in Tucson who bought a house she couldn't afford...well, that story just has truthiness all over it.


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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/16/2010 6:59:00 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		Circumstantial ad hominem.

Yes, that cuts both ways here. A lot.

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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/16/2010 7:05:19 PM   
Sanity


Posts: 22039
Joined: 6/14/2006
From: Nampa, Idaho USA
Status: offline
What do you know... in two clicks I found a blog that says Robert Gordons blog is full of shit:

quote:

The Real Culprit Behind the Fannie/Freddie Meltdown

From an editorial in Investors Business Daily:


Obama in a statement yesterday blamed the shocking new round of subprime-related bankruptcies on the free-market system, and specifically the "trickle-down" economics of the Bush administration, which he tried to gig opponent John McCain for wanting to extend.

But it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street's most revered institutions.

Go read the rest.





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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/16/2010 7:12:59 PM   
defiantbadgirl


Posts: 2988
Joined: 11/14/2005
Status: offline
quote:

ORIGINAL: cuckoldmepls


Common sense would tell you that people who can't save up enough money for a down payment, will most likely default on their loan at the first unexpected financial crisis such as needing a new air conditioner, new heater, new plumbing or a car breakdown.



I think the mortgage collapse had more to do with banks not offering fixed rates and diminishing incomes caused by outsourcing and H1 Visas.

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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/16/2010 7:42:53 PM   
Sanity


Posts: 22039
Joined: 6/14/2006
From: Nampa, Idaho USA
Status: offline
Really? You're going to follow me into this thread too?

Give the trolling thing a rest, you're awfully old for this sort of  behavior.

quote:

ORIGINAL: Musicmystery

Circumstantial ad hominem.

Yes, that cuts both ways here. A lot.


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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/16/2010 7:59:26 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		Little self-absorbed, aren't you?


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Profile   Post #: 18
RE: Community Organizers Like Obama Caused Mortgage Col... - 6/16/2010 8:14:02 PM   
Sanity


Posts: 22039
Joined: 6/14/2006
From: Nampa, Idaho USA
Status: offline
Its just a coincidence that you've been trolling along behind most of my posts for several weeks now, is it?

How old are you, anyway. Don't you think its about time to grow up?

quote:

ORIGINAL: Musicmystery

Little self-absorbed, aren't you?




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RE: Community Organizers Like Obama Caused Mortgage Col... - 6/16/2010 8:17:55 PM   
DarkSteven


Posts: 28072
Joined: 5/2/2008
Status: offline
quote:

ORIGINAL: housesub4you

Wow, the GOP must really be in the shitter if this is the stuff they are pulling out of their asses



Um, I would not venture to say that cuckold speaks for the GOP...


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