Well......THE Bill just passed

[gumpsgirl]

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But Cyn! It's to hard to remember back that far. It's so much easier to point fingers from the last 8 years than to actually go back and get the facts straight.

 

[mtnhomechick]

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But Cyn! It's to hard to remember back that far. It's so much easier to point fingers from the last 8 years than to actually go back and get the facts straight.

Actually........I believe it started with Carter.

 

[Reinbeau]

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But Cyn! It's to hard to remember back that far. It's so much easier to point fingers from the last 8 years than to actually go back and get the facts straight.

Actually........I believe it started with Carter.

Yes it did.

 

[gumpsgirl]

Could have started with Carter, but I know that it wasn't just this past eight years. This snowball has been rolling much longer than the past 8 years, that's the whole point. This election year is really going to be a big one, but the scary thing is that so many young new voters and those who have never cared up until now, will be voting this time around and weren't old enough to remember or weren't in tune enough to remember past these last 8 years. There is so much to this whole financial crisis picture that so many people just aren't seeing. Instead they will allow their minds to be corrupted by the lies that are being told by the people who are running for president. Yes! Both sides lie! Republican and Democrat alike. That is why it is so important for everyone, both young and old, to really get their facts straight before they head to the polls.

 

[mistylady]

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Excellent post!!!!! You nailed the truth!

 

[mtnhomechick]

It started basically after y2k and the tech bubble. Greenspan lowered rates to SAVE us from suffering the impact of that bubble. He lowered rates and lowered rates until just about anyone could by a home.

Banks unscrupulously took advantage of it with little oversight from the government and people bought homes and when they appreciated a year later took out second mortgages to fund their desires.

A Pyramid Scheme.

A few years ago.......the first domino fell................

That's how I remember it.

 

[Acre of Blessings]

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You made me laugh so hard my coworkers are staring at me?

Would big culverts work? If so, I am set, I don't even have to leave my property!

Although I am in Canada and so far we have been bit sheltered from this storm, I (and many, many others here) have been watching the situation closely. Needless to say, I think the voting population in the USA should take a closer look at this bill; it seems the money is earmarked for bailing out foreign (well, not American) banks and their investments in your mortgage market!

Good luck!

The Culvert might work if its big enough

Sorry I made you laugh out loud, hove your co-workers stopped staring or have they joined in?

 

[mtnhomechick]

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You made me laugh so hard my coworkers are staring at me?

Would big culverts work? If so, I am set, I don't even have to leave my property!

Although I am in Canada and so far we have been bit sheltered from this storm, I (and many, many others here) have been watching the situation closely. Needless to say, I think the voting population in the USA should take a closer look at this bill; it seems the money is earmarked for bailing out foreign (well, not American) banks and their investments in your mortgage market!

Good luck!

The Culvert might work if its big enough

Sorry I made you laugh out loud, hove your co-workers stopped staring or have they joined in?

BE CAREFUL ACRE...........our infrastructure isn't good either.

 

[Acre of Blessings]

Quote:
The Culvert might work if its big enough

Sorry I made you laugh out loud, hove your co-workers stopped staring or have they joined in?

BE CAREFUL ACRE...........our infrastructure isn't good either.

Well, shoot, I guess I'll have to pitch a tent in the Ozarks. Wait a minute, I live in Virginia, darn it.

 

[speckledhen]

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Actually........I believe it started with Carter.

Yes it did.

I remember that, too. I paid $1.25 for a gallon of gas way back in the 80's, then it dropped to half that for a very long time. You're right that Carter was a terrible president, too.

Where is personal responsibility anyway? These bad loans are not all the fault of unscrupulous bankers. We were told several times that we bought houses that we could qualify for X amt of loan dollars. We refused, knowing that payment would strap our budget, no matter what they were willing to give us. WE made the decision to sign. WE paid the mortgages every month, not the banker. WE were the ones ultimately responsible for our finances. Sure, not every borrower is the brightest bulb in the pkg, but that still doesn't change the fact that they didnt do their own simple math to figure if they could really afford that pymt.