It was the market that cause the failures

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No one hates the rich, Pablo. It's another thing on how one attains the status ..and at what cost to whom.

You're in a fishbowl, pal. You do have to "****" where you eat, so you had better figure out how not to soil the very environment that you're extracting your vitality from.

So far, it appears that no one on the upper levels of the food chain have figured that out.
 
I didn't say that at all!!

I am only amazed you can't understand what I wrote.

I will break it down for you:

"OVER 50% (in dollars) went to "folks"...."

Meaning average folks, i.e. real people, people in urban assistance areas.....sheesh that wasn't so hard. So we will move on.

".....as opposed to the non-human scum who achieved monetarily."

This is a tongue in cheek poke at rich [censored] who are flipping houses and making money on the scam AND other people who bailed on BIG loans who got/get the remainder of our money (
Was that so hard?
 
You sure you didn't mean non - "human scum" and not "non human"- scum??? If not, you might want to think about putting your dash after human, or no dash at all. Semantics are a beech.
 
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Probably nonhuman with no dash works better. We should ask the German!!
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Originally Posted By: tpitcher
Everyone......

Here you go, link to the September 30, 1999 NY Times article.

Read it and weep.

http://query.nytimes.com/gst/fullpage.ht...n=&pagewanted=1


SNIP:


In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.


This is exactly what happens when the government gets into the "social justice" business. EVERYONE of these programs are a huge money toilet.
 
Originally Posted By: Pablo
Probably nonhuman with no dash works better. We should ask the German!!
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I dunno, Beelzepaul. Or is that Beelze-Paul?
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Originally Posted By: Tempest
Originally Posted By: tpitcher
Everyone......

Here you go, link to the September 30, 1999 NY Times article.

Read it and weep.

http://query.nytimes.com/gst/fullpage.ht...n=&pagewanted=1


SNIP:


In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.


This is exactly what happens when the government gets into the "social justice" business. EVERYONE of these programs are a huge money toilet.


Yeah ..the same human condition makes the capitalizing sector merely soak up the profits and leave us with another tragedy of the common(er)s.

Privatized profits and socialized costs.
 
Ooooooo, I finally get a couple comments on what started this whole mess !!!

Movement toward Socialism does not work and Countries that have Socialism do not like it.
 
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Privatized profits and socialized costs.

Set up by government policy.

Don't forget all the people that profited directly from the "asset growth" in FM & FM. Strange how this aspect is being ignored by the media and those is Gov.
 
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MarkC, the "root cause" was stated from the NY Times article I posted from 1999.

FM & FM, Barney Frank & Chris Dodd did the wrong thing and caused the mess with greed.

ACORN is going to get a lot of this money did you know that - they cheated elections registering Illegals, etc.
 
Truth hurts and so will our pocketbooks thanks to them.

Ok, let's take our Country down, but shhhhhhhh, don't mention who's responsible. That type of trampling on our 1st Ammendment rights is part of the Country's problem also.
 
Sorry, good movie, but not for this board. People have complained.
 
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Why is ACORN getting OUR TAX money???? They are slated for BILLIONS in this loser plan. I suggest some of you study the plan offered by the minority party.

It's greed alright. But WHO let Mr. Greed in the door?

Oh those good intentions and unintended consequences again.
 
It's just an acceleration curve that caught all of you (alleged
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) savvy types flat footed.

You've been in a loser's game since around 1973 it's just that the comfort level has been maintained and the smoke and mirrors have been reconfigured well enough. Now that the bills are shown due "in advance" and someone beat you to the punch ..now you're whiners.

Remember, you're in a town that's losing money, in a states that's losing money, in a nation that's losing money. How is that EVER going to not end up in Dystopia in reality??

Like Bill Gates said to Steve Jobs ..," I just got there first" (at robbing the neighbor).
 
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