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The Obama regime is setting the country up for another subprime loan catastrophe
Absolute Rights ^ | 11/18/2014 | Jon Dougherty

Posted on 11/18/2014 10:42:55 AM PST by SleeperCatcher

The government’s subprime lending debacle that came to a head in the form of the Great Recession in 2007 is about to be repeated, thanks to a repeat of conditions by the federal government. Recent newspaper headlines have announced that the Obama regime plans to provide more electricity to the still-lackadaisical housing industry by torquing home lending rules that will once again make it easer for banks to make loans to marginal buyers.

(Excerpt) Read more at absoluterights.com ...


TOPICS:
KEYWORDS: bailout; subprime; taxpayers
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1 posted on 11/18/2014 10:42:55 AM PST by SleeperCatcher
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To: SleeperCatcher

In a country that no longer manufactures anything of substance, no longer allows mining, and does everything it can to raise the price of energy, creating paper credit for consumer spending is the only way left to generate revenue.


2 posted on 11/18/2014 10:44:59 AM PST by tcrlaf (They told me it could never happen in America. And then it did....)
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To: SleeperCatcher

Given the choice between leaving his second term with the country in smoldering embers or ashes, apparently he prefers ashes.


3 posted on 11/18/2014 10:47:26 AM PST by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: SleeperCatcher

Why can’t the Banks help themselves and avoid going on another bender?


4 posted on 11/18/2014 10:50:31 AM PST by Paladin2
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To: tcrlaf

Go Galt and PUT IT DOWN.


5 posted on 11/18/2014 10:51:17 AM PST by Paladin2
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To: SleeperCatcher

6 posted on 11/18/2014 10:52:24 AM PST by Red Badger (If you compromise with evil, you just get more evil..........................)
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To: Red Badger

Cloward & Piven


7 posted on 11/18/2014 10:53:09 AM PST by Obama_Is_Sabotaging_America
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To: Paladin2

The banks really never wanted to do this, except for the ones that figured out how to game it.
The fedgov forced them into it by threatening their mergers if they didn’t comply.

If they decide to repeat this, I’m going to take full advantage of it with RE investing.

I know how this story goes now, when to get in, when to get out.


8 posted on 11/18/2014 10:54:45 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Obama_Is_Sabotaging_America

Coward and Driven........................


9 posted on 11/18/2014 10:56:57 AM PST by Red Badger (If you compromise with evil, you just get more evil..........................)
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To: SleeperCatcher

I wouldn’t worry too much, when it fails again, our children will be there to pay for it.


10 posted on 11/18/2014 10:57:36 AM PST by eyeamok
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To: All

I think its because Obama doesn’t like the fact that not enough minorities are getting loans due to tightened credit standards.


11 posted on 11/18/2014 10:57:44 AM PST by willywill
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To: Paladin2

Greed


12 posted on 11/18/2014 11:00:24 AM PST by MadIsh32 (In order to be pro-market, sometimes you must be anti-big business)
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To: SleeperCatcher

All part of the redistribution of wealth.


13 posted on 11/18/2014 11:02:52 AM PST by boycott
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To: SleeperCatcher

Folks, don’t forget that many of the folks who were about to lose their homes the last time, only remained in them because the government forced the banks to rework their loans. They still can’t make the payments.

Yeah, round two will be upon us. Count on it.

Bush, Obama, two nation ending asses on opposing ends of the same donkey.


14 posted on 11/18/2014 11:05:12 AM PST by DoughtyOne (The mid-term elections were perfect for him. Now Obama can really lead from behind.)
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To: willywill
"not enough minorities are getting loans due to tightened credit standards."

That and the fact the real estate market never really recovered on its own after 2007. A junkie has got to have his juice and a chunk of all that QE money floating around makes for a good fix.

15 posted on 11/18/2014 11:05:24 AM PST by buckalfa (Long time caller --- first time listener.)
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To: SleeperCatcher

Here we go again. He’s making sure there will be cheap housing available for the illegal immigrants.


16 posted on 11/18/2014 11:06:57 AM PST by fivecatsandadog (OBAMA - giving us two more years of living hell.)
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To: DoughtyOne

“don’t forget that many of the folks who were about to lose their homes the last time, only remained in them because the government forced the banks to rework their loans. They still can’t make the payments.”

Back in circa 2005/2006, the wife’s Family Trust was considering getting rid of the 3 large trailer parks they owned, because they weren’t very profitable, and revenues had declined over the last 5 years. People had jobs, and could afford better.

Now, they may as well be money-printing machines. Very little available space, and almost no turn-over.

Hopey-Changey, and all that...


17 posted on 11/18/2014 11:10:23 AM PST by tcrlaf (They told me it could never happen in America. And then it did....)
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To: tcrlaf

Sad isn’t it. I’m glad for you family’s trust, but other than that it’s a sad indicator of this nation’s demise.

Thanks for the mention.


18 posted on 11/18/2014 11:17:08 AM PST by DoughtyOne (The mid-term elections were perfect for him. Now Obama can really lead from behind.)
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To: eyeamok

I wouldn’t worry too much, when it fails again, our children will be there to pay for it.


Kinda like our parents’ children were there to pay for it?


19 posted on 11/18/2014 11:22:13 AM PST by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: DoughtyOne

My sister bought in Seattle in 2007 and still lives there. She has not made a payment since 2008.


20 posted on 11/18/2014 11:23:02 AM PST by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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