tazzygirl
Posts: 37833
Joined: 10/12/2007 Status: offline
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quote:
Ain't it funny how that recession started on the Democrat's watch, and has only gotten worse? Nice try... Really You guys have been in charge of the $ since 06, recession started in 08 according to you, man the fuck up and admit the left is bankrupting the country! The first rumblings occured in 2007 when Lehman sold off BNC. As early as July,2007, there were rumors that Lehman would take a writedown because of their subprime lending... rumors everyone denied. http://www.cnbc.com/id/19831204 quote:
The Democrats have been writing the checks from 2006 until 2011 Make that 2007. You are off by a year. And this is why that is significant. If housing demand remained strong -- as it did during the housing-market boom -- everyone was happy. You never worried about a rising mortgage payment, because you could easily sell your house quickly and profitability. Subprime lenders, meanwhile, experienced artificially low default rates relative to borrowers' creditworthiness. This operating environment allowed the likes of Accredited Home Lenders Holding (Nasdaq: LEND ) , Fremont General (NYSE: FMT ) , and New Century Financial to become the darlings of the day. Accredited shot up from just below $10 a share in 2003 to more than $50 a share in 2006. http://www.fool.com/investing/value/2007/07/10/the-skinny-on-subprime.aspx Under the Republican controlled Congress businesses such as these saw increased earnings, increased share values.... Im not saying the Democrats didnt have a hand in all this. But, again, blaming one side when both were involved just shows your ability to only see the politics, and your lack of ability to utilize your intelligence.
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Telling me to take Midol wont help your butthurt. RIP, my demon-child 5-16-11 Duchess of Dissent 1 Dont judge me because I sin differently than you. If you want it sugar coated, dont ask me what i think! It would violate TOS.
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