Unbelievable, Bush signs housing bill

KOAJ,

Do you like Ron Paul? Personally, I wish he was going to be President.

Quote Originally Posted by be easy:

 

 

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I could care less who gets elected president. I'd like to vote for a new government

I would vote right along side of you. Our forefathers (and mothers) who helped make what was once a great country must be rolling over in their graves. I would also be willing to bet that they would be gathering arms for another revolution as that seems to be about the only way to win back our country.

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KOAJ,

I haven't read his book but I have listened to him alot and yes some of his ideas aren't what we are used to hearing but I think he was our best shot at getting this country where it should be. I guess that is why both parties are afraid of him. I am constantly amazed at the number of people who haven't even heard of him but it is nice knowing someone else out there thinks like I do. (at least as far as Ron Paul is concerned. )

koaj just curious who is at fault in your mind for lending people

with bad credit or people who had zero hope of keeping up

with the mortgage?

and in the end the people who never should of been given the

loans to begin with our now scrambling to find somewhere to

live and the ones who never should of lent them the money to

begin with is getting bailed out by the government

dont know about you but if i lend money to a friend or family

member and know for almost certain there is no hope of

this ever being paid back then i have no one to blame or ask

to bail me out

free enterprise system?

Thanks. 

Quote Originally Posted by KOAJ:

obama lover - when the price of an asset keeps rising, there is zero fear of repayment because the asset can always be resold on the open market for higher value guaranteeing repayment

at some point, the fear of not being repaid outweighs the risk premium attached to any loan

who is too blame? greenspan, fomc, mortgage brokers, bankers for creating cdo's, swaps, etc and most of all the borrowers because without them signing on the dotted line, none of this happens

the only firm that's gotten bailed out is bear stearns...that was not a bailout...more of a forced takeover. JPM owns them, not the government. bsc is an enormous counterparty on the street and if they failed, then we see dow/s&p down 30% overnight. banks are up shits creek as much as homeowners

i used lightbulbs just like you...trying to stress the important parts of explaining our current mess

obama lover

i see why you have no problem with mets because you are

just like him- who cares about actual facts lets just get down

in the dirt- no wonder you act like that rightwing loon when asked

a question that doesnt fit your little agenda- i guess your feeling

is the same as mets in regards to our military- good to know

i would expect better of a mod

only one that has got bailed out- really lets see what happens

in the next little while shall we- then come back and tell us all

how we live in a free market system

once again the one to blame is the person who lends this money

to people who cant pay

i lend money to somebody hoping that marketforces will allow me

to get my money back and am not lending this money who can

afford it then it is my fault for being a moron for lending it to them

to begin with because like with everything else in the market the

market can change in a heartbeat

KOAJ,

I will do that. Thanks.

just like i kep saying, the govt little by little will know everywhere you are 24/7/365 and they will know everything you do. All these little added bills are just another way of making sure the govt controls all of us.  People dont want to admit it, but our countries freedoms are going backwards bigtime.