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No of course not

The mans got a D by his name

How could this possibly be a race issue

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The root cause of the economic downturn was the Democrat dream that everyone should own a house. Bill Clinton threatened legal action on banks that were "to cautious" on their lending policy. Thus unqualified people bought homes.

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ORIGINAL: papassion
The root cause of the economic downturn was the Democrat dream that everyone should own a house. Bill Clinton threatened legal action on banks that were "to cautious" on their lending policy. Thus unqualified people bought homes. Buyers defaulted, the mortgages that backed the investments wall street sold were worth shit, and it all came down. Google "Who caused the housing crisis" You will see a LOT of your hero Democrat names! Some Repubs too! You should also look up where
bush tried 16 times to get fannie and freddie audited. but Barney Frank assured people that hard hearted republicans just didn't want lower income people in houses and blocked any attempt to audit freddie and fannie. The rest is history and can be verified!

• A Conservative interpretation of the US Constitution
  
• Personal Responsibility
  
• Help for the truly needy
  
• Limited Government
  
• Consumption Tax (non-profit charities and food exempt)
  

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ORIGINAL: SternSkipper

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The root cause of the economic downturn was the Democrat dream that everyone should own a house. Bill Clinton threatened legal action on banks that were "to cautious" on their lending policy. Thus unqualified people bought homes.

Try the NeoCon dream of turning the loan market into a Casino. You can't blame Clinton for the wholesale thievery that went down behind the scenes on Wall Street. Where was Bush and HIS DOJ during the 8 years it was actually going sour?

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ORIGINAL: papassion


The root cause of the economic downturn was the Democrat dream that everyone should own a house. Bill Clinton threatened legal action on banks that were "to cautious" on their lending policy. Thus unqualified people bought homes. Buyers defaulted, the mortgages that backed the investments wall street sold were worth shit, and it all came down. Google "Who caused the housing crisis" You will see a LOT of your hero Democrat names! Some Repubs too! You should also look up where
bush tried 16 times to get fannie and freddie audited. but Barney Frank assured people that hard hearted republicans just didn't want lower income people in houses and blocked any attempt to audit freddie and fannie. The rest is history and can be verified!

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ORIGINAL: papassion


Yeah, there was thievery all over the place but that thievery was made possible by the Democrat dream of everyone should have a house! Democrats blame Bush because THEIR wet dream of everyone owns a home finally blew up on bush's watch! THEIR (DEMOCRAT) fuck up! The road to ruin is paved with good intentions.

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ORIGINAL: papassion


Yeah, there was thievery all over the place but that thievery was made possible by the Democrat dream of everyone should have a house! Democrats blame Bush because THEIR wet dream of everyone owns a home finally blew up on bush's watch! THEIR (DEMOCRAT) fuck up! The road to ruin is paved with good intentions.

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But only a fourth of such loans were originated by government agencies, including Fannie, Freddie and the Federal Housing Administration.......
Lets include all to blame.. and makes sure the blame is placed where it belongs.

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Yeah, there was thievery all over the place but that thievery was made possible by the Democrat dream of everyone should have a house!

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Fannie, Freddie and FHA are the buyers of 97% of US commercial mortgages.

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So please spare me the bromide there is enough guilt to go around. People should be going to jail on this - and the reason they are not is because BO and Holder are protecting democratic donors and constituents.

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Thats just ridiculous. It is IRRELEVENT who originated the loans. Had freddie and fannie NOT lowered their standards to accept them - there is no crisis.

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MSNBC’s Touré: Romney Engaging In The ‘Niggerization’ Of Obama


On Thursday’s edition of MSNBC’s The Cycle the group discussed Republican presidential nominee Mitt Romney‘s assertion that President Obama should “take [his] campaign of division and anger and hate back to Chicago.” Co-host Touré saw what he believes to be explicit racial connotations beneath what Romney was saying, calling it the “niggerization” of the campaign.

“That really bothered me,” he said. “You notice he said anger twice. He’s really trying to use racial coding and access some really deep stereotypes about the angry black man. This is part of the playbook against Obama, the ‘otherization,’ he’s not like us.”

“I know it’s a heavy thing, I don’t say it lightly, but this is ‘niggerization,’” Touré said to the apparent shock of his co-panelists. “You are not one of us, you are like the scary black man who we’ve been trained to fear.”

Naturally this led to a battle between Touré and conservative co-host S.E. Cupp. She took particular issue with the fact that Touré admitted that VP Joe Biden‘s “chains” comments were divisive, but is now calling Romney a “racist” for saying the Obama campaign is “angry.”

“Do you see how dishonest that is?” she asked.

...

http://www.mediaite.com/tv/msnbcs-toure-to-panel-romney-engaging-in-the-niggerization-of-obama/

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There were multiple warnings.

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Wow, here comes the race card

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MSNBC’s Touré: Romney Engaging In The ‘****ization’ Of Obama

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ORIGINAL: tazzygirl

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Fannie, Freddie and FHA are the buyers of 97% of US commercial mortgages.

Just because they are commercial loans that doesnt make them the sub prime loans.

As to the rest of your rant... which is what it is... its purely your opinion. Of which you are entitled.

But before you accuse me of holding a position, you best be sure its one I do, in fact, hold.

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So please spare me the bromide there is enough guilt to go around. People should be going to jail on this - and the reason they are not is because BO and Holder are protecting democratic donors and constituents.

Pst... there is more than enough blame to go around.

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Thats just ridiculous. It is IRRELEVENT who originated the loans. Had freddie and fannie NOT lowered their standards to accept them - there is no crisis.

Of course its relevent... why wouldnt you care who lowered their standards initially to make them?

The dollar amount of subprime and alt-A loans made during this period by the private sector was jaw-dropping, reaching nearly $600 billion at the height of the lending frenzy in 2006. For context, this is about equal to the total amount Americans currently owe on bank credit cards. By contrast, government lenders made just over $100 billion in subprime and alt-A loans in 2006. Even in 2007, when the housing market was beginningits free fall, private lenders still handed out more than $300 billion via these very shaky mortgage loans

All this can be seen in the share of total residential mortgage debt insured or owned by Fannie Mae and Freddie Mac. At the start of 2002, before the housing boom got going, the two agencies’ market share accounted for almost 54 percent of all mortgage debt. By summer 2006, the bubble’s apex, their share had fallen to only 40 percent. It is difficult to see how the agencies could have been responsible for inflating the housing bubble at a time when they were losing a full 14 percentage points of market share. Indeed, the opposite was true, as their position in the housing market rapidly diminished.

It wasn’t that Fannie and Freddie made a prescient strategic decision to stay clear of the housing frenzy. They couldn’t have participated even if they had wanted to. The two agencies had committed various accounting irregularities earlier in the decade, and their regulator forced them to rein in their growth.

Moreover, Fannie and Freddie couldn’t compete with rapaciously expanding private lenders. Securitization was in full swing, enabling private lenders to offer low rates and increasingly aggressive terms to borrowers. In 2006, almost half the loans made by private lenders required no down payment and no documentation. Fannie and Freddie simply couldn’t play in that league, even though Congress had given them aggressive lending targets to help boost homeownership among lower-income and minority households.

http://www.economy.com/mark-zandi/documents/2012-01-24-Fannie-and-Freddie-dont-deserve-blame-for-bubble.pdf

Reading... it can be your friend.

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