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Dems take on mortgage meltdown (It's the economy stupid redux)
http://money.cnn.com/2007/08/09/real_estate/pols_play_subprime_blame_game/index.htm?postversion=2007 ^
| 8-13-07
| Les Christie
Posted on 08/13/2007 8:28:09 AM PDT by Hydroshock
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To: Hydroshock
Just transfer money from those who work to those who dont...
To: Eric in the Ozarks
No, it is tranferign money from those who manage their affairs in a reasonable manner to those who spend, spend, spend.
3
posted on
08/13/2007 8:32:55 AM PDT
by
Hydroshock
("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
To: Hydroshock
Isn’t the meltdown already “cracking down” on unscrupulous lenders, by bankrupting them?
To: Eric in the Ozarks
Excuse me, but didn’t we get into this mess because Democrats were demanding the housing market be more “accommodating” of minorities and those that are on the border line of being able to afford a house. Seems to me they were having hearings and what not about how blacks and others cannot afford homes because they end up with too high of interest rates or cannot borrow enough for a home.
5
posted on
08/13/2007 8:34:12 AM PDT
by
WBL 1952
To: Hydroshock
Dems want to party like it’s 1929.
6
posted on
08/13/2007 8:36:29 AM PDT
by
sono
(“This concludes our coverage.” Finally, Overbite speaks sense.)
To: Hydroshock
since Govt. owns these loans so to speak, they can help the people by overhauling the current paperwork and offer substantially lower interest rates on those loans. Loses would be minimal. SUre profits would not be raked in but the loans would be paid as scheduled. minimizing loses for everyone. I’m sure a lot of people would love to have something like that instead of going under, but the govt.(Dims mainly would rather have people go under)will not use such common sense.
To: Hydroshock
The National Association of Mortgage Brokers (NAMB)LA.
Just add an LA on the end of this and the lefties will support it rather than abhor it. :)
8
posted on
08/13/2007 8:45:01 AM PDT
by
Bruinator
To: Bruinator
Get Hillary to testify on how she got Terry MacAuliff to pay for her house when she was not elligible for a mortgage. Can she share that with the speculators in trouble now?
9
posted on
08/13/2007 9:06:47 AM PDT
by
ClaireSolt
(Have you have gotten mixed up in a mish-masher?)
To: Hydroshock
The worst is expected to hit in 2008 an election year.
Repubs will pressure Bush to pass a bailout bill, ie Fannie and Freddie will be given authorization to buy all of the bad paper estimated at $1 trillion.
Taxpayer extortion.
BUMP
To: Hydroshock
Every generation must learn the hard way, the painful lesson that there is no such thing as “easy money”.
To: Hydroshock
How many people are having problems paying mortgages on their primary residences?
and
How many people are having problems paying the mortgages for extra houses which they bought, perhaps as investments?
12
posted on
08/13/2007 9:20:30 AM PDT
by
syriacus
(If the US troops had remained in S. Korea in 1949, there would have been no Korean War (1950-53))
To: Hydroshock
The Democrats think its scary to lend people private money for their homes. Next they'll insist the government should underwrite mortgage loans.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
13
posted on
08/13/2007 9:24:35 AM PDT
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
To: Hydroshock
Ah, yes...the horses are long gone and the Dimwits rush and stampede to shut the gate!!! As usual...too little, too late. Don’t any of these boobs have an original idea??? Pitiful jerks.
To: Ancient Drive
since Govt. owns these loans so to speak,The government owns which loans, so to speak?
they can help the people by overhauling the current paperwork and offer substantially lower interest rates on those loans.
You want the government to buy mortgages that aren't being paid and lower the interest rate?
Loses would be minimal.
You have any proof?
Sure profits would not be raked in but the loans would be paid as scheduled.
Because you say so?
15
posted on
08/13/2007 9:42:31 AM PDT
by
Toddsterpatriot
(Ignorance of the laws of economics is no excuse.)
To: Hydroshock
16
posted on
08/13/2007 9:45:29 AM PDT
by
mewzilla
(Property must be secured or liberty cannot exist. John Adams)
To: sono
The Dems are hoping for mass foreclosures and a rotten economy. I hope they make this one of their main issues. The backlash from the real estate industry would be hard to overcome.
To: Hydroshock
"I don't understand the big fuss about sub-prime mortgages. Why don't the
banks just red-line the areas that are wastelands and have a high incidence
of foreclosures? They need to treat every mortgage application equally."
Host Jane Curtin: "Miss Litella, Congress prohibited all that--years ago."
Emily: "They did? Oh, never mind. I hope they don't try to help again." .
18
posted on
08/13/2007 9:56:08 AM PDT
by
OESY
To: Hydroshock
How do you convince a person that wants a home loan not to even think about a variable rate mortgage? Or does anyone remember mortgage interest rates going down over 30 years?
19
posted on
08/13/2007 10:46:43 AM PDT
by
ANGGAPO
(LayteGulfBeachClub)
To: goldstategop
The Democrats think its scary to lend people private money for their homes. Next they'll insist the government should underwrite mortgage loans. They pretty much already do. The bulk of mortgages are undwritten to Fannie And Freddie standards.
20
posted on
08/13/2007 11:22:59 AM PDT
by
Phantom Lord
(Fall on to your knees for the Phantom Lord)
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