Someone do a little research into when the Meltdown was triggered??!!
At some point under bill clinton the housing people in government was told to get people into house's.. Don't worry about the money just get them into a house. Also during that time there were people trying to get something done about Mr. Madoff and no one would do anything. So, as this all played out along came Mr. Bush and his people did not do anything either. So, what do you know? Here we are, everyone that is not broke is going broke.
Posted by hbevis at 4:08 PM : Apr 23, 2009
You need to do a "little more research".
Federal housing data reveal that the charges aren't true, and that the private sector, not the government or government-backed companies, was behind the soaring subprime lending at the core of the crisis.
Subprime lending offered high-cost loans to the weakest borrowers during the housing boom that lasted from 2001 to 2007. Subprime lending was at its height from 2004 to 2006.
Federal Reserve Board data show that:
* More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
* Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
* Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics.
19 more republican senate seats on the ballot in 2010. Arlen Specter is the only one worth saving in that round. Posted by rightaboutit at 1:06 PM : Apr 23, 2009 .............................................. The truth be known,,,,,,every seat in Washington should be open game,,,,,,and NOT to the Democrats or Republicans,,,,they are BOTH examples of what the AMERICAN PEOPLE do not need to have claiming to represent them,,,,,,,,,,It is time for a third party comprised of normal everyday people,,,,,,,NOT corporate lobby dollar lovers.
It's time to change the TIN FOIL man! The Incompetent Republican's were the one's who corrupted the entire system and you expect our New President to correct THREE Decades of abuse and Mis Management in THREE Months? Me thinks you are but a Trickle Down ditto head saying whatever you can come up with in an effort to bring about failure... Any Failure. In case you haven't caught the latest polls, American's by a wide majority have figured you out already.
Exactly and if the media (cnn) isn't radical enough just hired Mary Madlin adviser to Cheney to clear his name with her propaganda I suppose
I will never forget when congress pass the Tarp of 700Billion. Here comes Paulsen running down the steps of the Treasury and Bush running up to meet Paulsen with this grin. I thought OMG this is like getting the fox and putting him in the hen house. To top it all off not a word as to where that 350billion went and to whom Jan 20th just left.
Well---I can't say that any crooked actions that Paulson and Bernanke have taken would surprise me! In fact, this is exactly how I assumed they operated on a daily basis, anyway!
If, and when the economy finally collapses, these two guys better be out of the country, because the public will probably not be to happy with them! The public will probably teach them how to dance on the end of a pitchfork for what they've done!
Bleak prognostication, I know---but probably fairly accurate!
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At some point under bill clinton the housing people in government was told to get people into house's.. Don't worry about the money just get them into a house.
Also during that time there were people trying to get something done about Mr. Madoff and no one would do anything. So, as this all played out along came Mr. Bush and his people did not do anything either. So, what do you know?
Here we are, everyone that is not broke is going broke.
Posted by hbevis at 4:08 PM : Apr 23, 2009
You need to do a "little more research".
Federal housing data reveal that the charges aren't true, and that the private sector, not the government or government-backed companies, was behind the soaring subprime lending at the core of the crisis.
Subprime lending offered high-cost loans to the weakest borrowers during the housing boom that lasted from 2001 to 2007. Subprime lending was at its height from 2004 to 2006.
Federal Reserve Board data show that:
* More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
* Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
* Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics.
It should _still_ be "Did _Bush Administration_ Hush Up BoA-Merrill Deal?"
Posted by rightaboutit at 1:06 PM : Apr 23, 2009 ..............................................
The truth be known,,,,,,every seat in Washington should be open game,,,,,,and NOT to the Democrats or Republicans,,,,they are BOTH examples of what the AMERICAN PEOPLE do not need to have claiming to represent them,,,,,,,,,,It is time for a third party comprised of normal everyday people,,,,,,,NOT corporate lobby dollar lovers.
Exactly and if the media (cnn) isn't radical enough just hired Mary Madlin adviser to Cheney to clear his name with her propaganda I suppose
Posted by janeyre-2009 at 12:27 PM : Apr 23, 20
I would just like to find the truckloads of our money that disappeared in Iraq alone.No accounting for it as of today
If, and when the economy finally collapses, these two guys better be out of the country, because the public will probably not be to happy with them! The public will probably teach them how to dance on the end of a pitchfork for what they've done!
Bleak prognostication, I know---but probably fairly accurate!