No More Bush Tax Cuts for the Wealthiest

[Mr Neutron]

I thought someone should point out that the sub prime mortgage debacle was fueled by banking deregulation. Anyone got a match! BOOM...

... and deregulation was fueled by lobbyists and lobbyists are fueled by the banking industry/Wall St and the banking industry/Wall St is fueled by commerce and commerce is fueled by consumers and consumers are fueled by... ?

 

[UncleBuck]

... and deregulation was fueled by lobbyists and lobbyists are fueled by the banking industry/Wall St and the banking industry/Wall St is fueled by commerce and commerce is fueled by consumers and consumers are fueled by... ?

...overweight, discount mexican hookers with tiny moustaches?

 

[ChesusRice]

Your date for tonight Mr. Neutered

 

[Grandpapy]

... and deregulation was fueled by lobbyists and lobbyists are fueled by the banking industry/Wall St and the banking industry/Wall St is fueled by commerce and commerce is fueled by consumers and consumers are fueled by... ?

Hope that the day will become better and the car makes it to work.

 

[tranka32]

... and deregulation was fueled by lobbyists and lobbyists are fueled by the banking industry/Wall St and the banking industry/Wall St is fueled by commerce and commerce is fueled by consumers and consumers are fueled by... ?

Gas! Anyone got a match? BOOM!!!

 

[Red1966]

The rich profit where everyone else does not--yes, blame.

I see, envy is the thing. Poor you.

 

[Red1966]

Your Opinion. Mine, The recession was caused by the price of gas and diesel. States, counties, city govt. all had to re-write budgets cutting jobs, pay, contracts, write post dated checks, and simply not pay contractors. Families living one paycheck to the next are now unable to make house payment. Then you see the sub prime come into the media's eye. jmo.

Fuel prices didn't cause local government to go belly up. The housing crash stripped them of income (property taxes fund local governments). Fuel costs are a very small part of a city's expenses, property taxes make up 90%+ of their income.

 

[abandonconflict]

I see, envy is the thing. Poor you.

make sense please

 

[Red1966]

I thought someone should point out that the sub prime mortgage debacle was fueled by banking deregulation. Anyone got a match! BOOM...

The sub prime mortgage debacle was caused by banks being forced to make bad loans. The deregulation merely allowed them to off-load some of that bad debt to unsuspecting investors. Not all of it tho, hence BOOM. Thousands put their retirement savings into mortgage-backed securities, only to lose their asses.

 

[Red1966]

... and deregulation was fueled by lobbyists and lobbyists are fueled by the banking industry/Wall St and the banking industry/Wall St is fueled by commerce and commerce is fueled by consumers and consumers are fueled by... ?

Consumables?

 

[Red1966]

make sense please

Your opinions seemed based on class envy. You assign guilt just because others are more successful. Because of this, you distort reality to fit your viewpoint.

 

[abandonconflict]

Your opinions seemed based on class envy. You assign guilt just because others are more successful. Because of this, you distort reality to fit your viewpoint.

It is not my opinion that the rich have gotten richer while the poor have gotten poorer. It is a fact.

 

[beenthere]

The sub prime mortgage debacle was caused by banks being forced to make bad loans. The deregulation merely allowed them to off-load some of that bad debt to unsuspecting investors. Not all of it tho, hence BOOM. Thousands put their retirement savings into mortgage-backed securities, only to lose their asses.

Couldn't have explained it better myself.
Another tidbit that is rarely brought up is the fact that many new homeowners that took on these loans knowing very well they may not be able to sustain the payments, hocked their homes up the ass. I can't tell you how many people I personally know that went out and bought expensive ski boats, trucks, RV's, Harley's, etc with refinance money. When foreclosure finally became a reality, many of them left with the goods they purchased with the banks money.

 

[abandonconflict]

Couldn't have explained it better myself.
Another tidbit that is rarely brought up is the fact that many new homeowners that took on these loans knowing very well they may not be able to sustain the payments, hocked their homes up the ass. I can't tell you how many people I personally know that went out and bought expensive ski boats, trucks, RV's, Harley's, etc with refinance money. When foreclosure finally became a reality, many of them left with the goods they purchased with the banks money.

Thank Dubya...

 

[beenthere]

Thank Dubya...

Dude, are you saying it's alright to take out seconds on your home, spend all the money on luxury items then skip out of paying it?

You can't be fucking serious.

 

[abandonconflict]

Dude, are you saying it's alright to take out seconds on your home, spend all the money on luxury items then skip out of paying it?

You can't be fucking serious.

Dude, are you saying predatory lending and trading derivatives is alright?

You can't be fucking serious.

 

[Harrekin]

Dude, are you saying predatory lending and trading derivatives is alright?

You can't be fucking serious.

Predatory lending? Are you fucking serious?

The people applied to the bank for the loan of their own free will.

Predatory lending? You populist little leftie noob, "it wasn't the alcoholic drinking that was the problem, the guy in the liquor store is to blame".

Excuses excuses excuses.

 

[abandonconflict]

Yes predatory lending. I pay my fucking bills. These banks know people don't read the fine print.

No money down
bad credit, no problem
Your job is your credit
Low monthly payments
Sign here

They are hoping for default, trading derivatives either way.

 

[abandonconflict]

Actually, most 18 year old fresh adults are solicited. Preapproved credit cards in the mail. Most Americans are in $10k of debt before age 23 according to an article I read a couple years ago, sounded kinda fear mongered though I'll admit.

 

[UncleBuck]

Yes predatory lending. I pay my fucking bills. These banks know people don't read the fine print.

No money down
bad credit, no problem
Your job is your credit
Low monthly payments
Sign here

They are hoping for default, trading derivatives either way.

kinda sounds like choctaw bingo.

Uncle Slayton's got his Texan pride
Back in the thickets with his Asian bride
He's cut that corner pasture into acre lots`
He sells 'em owner financed
Strictly to them that's got no kind of credit 'Cause he knows they're slackers
When they miss that payment
Then he takes it back

the best part is the reference to incestuous desires at the end.

[youtube]AWEJPqJtZsk[/youtube]