Comments on: Banks, Subprime Lenders To Face Charges
U.S. Attorney Predicts "Dramatic Results" From Sweeping Investigation Into Mortgage Crisis
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- It is the Republicans fault. They had six years to control immigration. Now we have Acorn gathering up the vote, Obama promising a check even if you did not even live here last year. Now we have insurance with no regard for pre-existing conditions, so anyone from anywhere can come here with cancer or 8 months pregnant and we have to pay for it. And the sheep follow....
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- 4 years ago when the wife & I went looking to buy our home, Countrywide qualified us for a $250,000 mortgage. After creating an Excel spreadsheet to see exactly how our finances would play out if we bought a $250,000 house and the math didn''''t work out. Based on all our other expenses, it became quite clear that we could only afford a house in the $150,000 to $175.00 and that''''s what we bought. It ain''''t no mansion, but its a nice home and we can afford it. So many people were qualified for mortgages that they could not realistically pay for, but since the bank said you can get "this much?? for a home loan, people went for that maximum without running the numbers.
Sorry, those people were stupid and deserve to lose the home they could not afford.
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Posted by Questionnews at 10:38 AM : Oct 17, 2008
There were also plenty of cases where $400,000 was loaned on a $300,000 house and $300,000 on a $200,000 house and a lot of money (real money) was handed over at closing. And we are supposed to reward this? And not get the crooks responsible? Both democrat and republican.... - Reply to this comment
- You are all crazy. Mr. O brian is speaking about the crooks that did not follow the law. I for one can attest to the fact that a mortgage lender tried to push a subprime mortgage on me years ago and if I hadn''t been in real estate, (borrowing and selling previously) I may have fallen for their dishonest tactics. And stop with the party affiliations. Both parties SUCK.
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- 4 years ago when the wife & I went looking to buy our home, Countrywide qualified us for a $250,000 mortgage. After creating an Excel spreadsheet to see exactly how our finances would play out if we bought a $250,000 house and the math didn''t work out. Based on all our other expenses, it became quite clear that we could only afford a house in the $150,000 to $175.00 and that''s what we bought. It ain''t no mansion, but its a nice home and we can afford it. So many people were qualified for mortgages that they could not realistically pay for, but since the bank said you can get "this much?? for a home loan, people went for that maximum without running the numbers.
Sorry, those people were stupid and deserve to lose the home they could not afford. - Reply to this comment
- Or maybe obama will bring security to this nation for about three and a half years before he reveals who he truly is. We live in exciting times, don''''t we?
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Posted by cbsfan732 at 10:22 AM : Oct 17, 2008
He will not wait. there is too much "glee" over there. The good thing is, at least all of the Post Offices have been renamed and Obama will not have to worry about that. - Reply to this comment
- Republicans are just so angry these days.
What could justify such a negative attitude?
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Posted by smurfcrusher
Maybe because they understand what this country is really facing, especially if obama is their leader.
Maybe they''re pissed because their party leaders turned against them and stuck mccain on their ticket.
Maybe they are just sick, nauseated, knowing that these people that support obama and who will vote him in as president, are just as blind as the people who were convinced they could afford a mortgage, when they couldn''t.
Maybe I''m giving republicans too much credit. Maybe you are all blind to the collapse of America that is happening before your eyes. Or maybe obama will bring security to this nation for about three and a half years before he reveals who he truly is. We live in exciting times, don''t we? - Reply to this comment
- The McBu$h campaign has been one big lie from the outset.
Personally, I am sick of McSame''''s advertising. I live in Colorado and I hear one lie after another from McCorpse.
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Posted by Terrapin78 at 09:58 AM : Oct 17, 2008
Are you like 12 or something? - Reply to this comment
- i agree with you on that one
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- The Community Reinvestment Act was passed in the Carter administration. This act encouraged banks to abandon their conservative principles. Liberal lending became the norm. This led to collapse as liberal policies always do. Liberal policies have led to decline or collapse in marriage, public schools, business, and now the banking business. Liberalism goes against natural evolution by insuring survival of the unfittest.
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- i agree with bailmeout1 lbj is the one that ruin your s/s took it out of a private account and put in the general account cuase they wanted to get the money that was in there
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- The McBu$h campaign has been one big lie from the outset.
Personally, I am sick of McSame''s advertising. I live in Colorado and I hear one lie after another from McCorpse. - Reply to this comment
- Nancy Pelosis'' Democrat Congress has done literally nothing in two years. This is how the Democrats work. They wanted things this way during this election. The Democrats are happy the country is in the state that it is. And all the sheep are falling for it. Somehow, beginning with LBJ, this has become a party of just outright liars and partsanship. And if not that (Carter) then outright ineptitude.
Sure you find lies and such with Republicans, but it is not the air that they breath to the extent as the Democrats. It is "in" them. - Reply to this comment
- I know you are tired but the point is not the votes. He claims no involvement with Acorn, yet recently earmarks money for them. That is a lie. Maybe you Democrats accept lying polititions, but I dont. And Republicans also, same thing.
Posted by bailmeout1 at 01:10 AM : Oct 17, 2008
There you go again...ASSuming! I am not a Democrat. I am not a Republican. I quit the Republican party in 1996, and have been a registered Independent ever since. I don''''t recall ever voting a straight ticket. See how easy it is to miss FACTS! Please do your homework before claiming to know the facts?
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Posted by sun247 at 01:15 AM : Oct 17, 2008
There you go again - diverting the question. Not one word in your response as to Obama lying.
Who cares if you are an Independent or whatever? Who cares if I got that right or wrong? Pointless drivel... - Reply to this comment
- if ACORN is so terrible, why was McCain keynote speaker for them in 2006?
Wait, maybe it IS terrible.
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Posted by smurfcrusher at 07:37 AM : Oct 17, 2008
So McCain backed them when no one knew they were crooks, and doesn''t anymore. WTH is wrong with that? Compared to Obama training them, lawyering for them, upfront giving them money and under-the-table giving them money and earmarking them money - and then denying it. Oh, thats equal - sure. - Reply to this comment
- Obamas heath plan includes pre-existing conditions? And no tightening on the borders? Now that the banking industry is in the toilet, I guess the medical industry is next. (probably after the school systems)
Posted by bailmeout1 at 01:07 AM : Oct 17, 2008
Nope...too late! Bush already got to the school system...remember? "No Child Left Behind"...yeah, right, where does the USA rank internationally right now? Are we still 26th?
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Posted by sun247 at 02:12 AM : Oct 17, 2008
Common theme? Too much government. - Reply to this comment
- Republicans are just so angry these days.
What could justify such a negative attitude? - Reply to this comment
- "Your Acorn tales are getting tiresome. The massive phone "Rob-O-Calls" that are taking place now are illegal in many states. And if Minnie Mouse and Joe Blow show up and are actually allowed to vote, then we have deeper problems than Acorn. Maybe you should begin worrying whether or not your vote will even be truly recorded?"
if ACORN is so terrible, why was McCain keynote speaker for them in 2006?
Wait, maybe it IS terrible. - Reply to this comment
- And if any of you think that you are too smart to
have fallen victim...guess again...you would be no
competition against a true pro.
You are absolutely correct. You practically have to
take classes to understad half of the crud that''''s
placed before you to understand and sign
No, you don''t. Both of you are full of sheit.
Here is what you have to do. You have to take the contract that spells everything out when they give it to you a week in advance of signing. You have to spend 2 to 3 evenings carefully reading it, and using the web or library to research things you find to be unclear. (which there isn''t much, unless your education stopped in the 4th grade) You have to call your banker, agent, and loan officer with intelligent questions. Then you have to read things again.
The process takes roughly 40 hours for a complete newbie to home buying, which spread over a week''s time is not difficult at all. You should take paid vacation time from your job to do it. And, it is an -extremely small- amount of time to ask someone to spend on a purchase they will be spending the next 30 years paying for.
People like you two are the problem with this country, your hyperactive demands to be able to get everything in your life done in 15 minutes are a direct result of being raised on a diet of too much television. - Reply to this comment
No problem for the bankers. They can simply ignore the subpoenas just like Bush and Palin do.- Reply to this comment
- Your Acorn tales are getting tiresome. The massive phone "Rob-O-Calls" that are taking place now are illegal in many states. And if Minnie Mouse and Joe Blow show up and are actually allowed to vote, then we have deeper problems than Acorn. Maybe you should begin worrying whether or not your vote will even be truly recorded?
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Posted by sun247 at 01:06 AM : Oct 17, 2008
I know you are tired but the point is not the votes. He claims no involvement with Acorn, yet recently earmarks money for them. That is a lie. Maybe you Democrats accept lying polititions, but I dont. And Republicans also, same thing. - Reply to this comment
Mike Huckabee on GOP "rock stars," 2012, health care reform and more.
