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This is the second in a series of articles John R. Smith is writing about the origins of the mortgage meltdown and the resulting OWS movement.
1 posted on 10/24/2011 7:57:55 AM PDT by SmileRight
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To: SmileRight

And these THREE STOOGES can be tagged for much more.


2 posted on 10/24/2011 8:04:40 AM PDT by EagleUSA
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To: SmileRight

The problem is how do we enable all 350 million people in this country to know and understand this.


3 posted on 10/24/2011 8:05:23 AM PDT by Excellence ( CTRL-GALT-DELETE)
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To: SmileRight
People are way too stupid (in general) to understand that messes this big take 10-20 YEARS to form.

The housing mess was a direct result of Democrap policies created by Carter, but implemented with full force by Clinton.

And even then the banks were smart enough not to follow the stupid rules UNTIL Andrew Cuomo (under Clinton) lit the fuse of this time bomb by SUING one big bank (for “redlining”) and WINNING a multi-billion dollar verdict.

All the other banks saw the writing on the wall and did what they were told, ESPECIALLY after Fanny Mae and Freddie Mac started buying these toxic notes thereby guaranteeing them.

4 posted on 10/24/2011 8:11:17 AM PDT by Mr. K (We need a TEA Party march on GOP headquarters ~!!)
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To: SmileRight

This is the Clinton Legacy.

But I have a question: Where in the heck was George Bush while this was going on? Most of the damage occurred during his watch. We had 8 years for him to figure this out and do something about it.

Well, he didn’t.

So, IMHO, we need to add George Bush to that list.


5 posted on 10/24/2011 8:16:42 AM PDT by InterceptPoint
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To: SmileRight

This may not be new news to anyone, but certainly, when you see the account of events listed in order, it hits you that our government is truly the dumb bully that screwed things up for those of us trying to play by fair rules. I wonder how many liberal Democrats care to refute any of these facts listed? Better yet, how about defending them . . . I’d like to hear that!


9 posted on 10/24/2011 8:20:10 AM PDT by T.O.K.
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To: SmileRight
And Obama, through ACORN, was right in the middle of it from the get-go. As a community organizer, lwyer, Illinois Rep, and US Senator.

OBAMA HELPED CAUSE THE ECONOMIC CRISIS

10 posted on 10/24/2011 8:24:11 AM PDT by Jeff Head (Liberty is not free. Never has been, never will be. (www.dragonsfuryseries.com))
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To: SmileRight

They are leaving out Barney Frank.


12 posted on 10/24/2011 8:41:04 AM PDT by Venturer
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To: SmileRight

Who’s to blame when you spend more than you ought?

Find a scapegoat and lynch him, or them.

Who’s to blame when you get fat eating McDonald’s french fries and big macs?

Find a scapegoat and lynch him, them.

“What is wrong with the world? Me”
G.K. Chesterton

So, are people SHEEPLE, or do they have individual responsibility?

All your woes are always your fault. Unfortunately.


13 posted on 10/24/2011 8:44:23 AM PDT by If You Want It Fixed - Fix It
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To: SmileRight

Read this book:
http://www.amazon.com/gp/product/0805091203


14 posted on 10/24/2011 9:05:48 AM PDT by US Navy Vet (Go Packers! Go Rockies! Go Boston Bruins! See, I'm "Diverse"!)
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To: SmileRight

You can blame anyone for wrongdoings but if you don’t hold him/her responsible and if there are no consequences for their actions, it is all a moot point.

Typically of our touchy-feely, PC society — all talk, no substance.


15 posted on 10/24/2011 9:08:06 AM PDT by 353FMG (Liberalism is Satan's handiwork.)
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FR Begs For Life But Is Slowly Starved


Click The Starving Forum Skeleton To Donate

Save FR

16 posted on 10/24/2011 9:16:42 AM PDT by DJ MacWoW (America! The wolves are here! What will you do?)
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To: SmileRight

Any analysis of the mortgage crisis that does not put Barney Frank at or near the top of the list of culprits is flawed in its foundation.


17 posted on 10/24/2011 9:21:37 AM PDT by Laserman
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To: SmileRight

bttt


19 posted on 10/24/2011 9:25:07 AM PDT by Matchett-PI (Obamageddon, Barackalypse Now! Bam is "Debt Man Walking" in 2012 - Rush Limbaugh)
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To: SmileRight

Which Senator got the biggest kickback from Fanny/Mac? Hussein.


20 posted on 10/24/2011 9:50:01 AM PDT by bgill (There, happy now?)
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To: SmileRight
And the same old crap of getting it wrong, the mortgages that blew apart were made at the tail in of the mess, home price got so high, no one could pay the payments, in walks all the sub-prime mortgages, interest only, and second notes, etc., the standard mortgages made back during the early years were never the problem. http://useconomy.about.com/od/glossary/g/subprime_mortg.htm
21 posted on 10/24/2011 9:55:20 AM PDT by org.whodat (Just another heartless American, hated by Perry and his fellow demorats.)
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To: SmileRight

Actually, professional politicians of all stripes are to blame.

Term limit the lot of them.


25 posted on 10/24/2011 12:12:47 PM PDT by hattend (If I wanted you dead, you'd be dead. - Cameron Connor)
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