Comments on: Unsecured Loans and Alternatives

By: dalmatian847

dalmatian847 — Sat, 23 Jan 2010 09:56:57 +0000

Says who? You once again refer to some vague regluations without providing a shred of evidence to back up your point. I can therefore only assume you don’t know what you are talking about. How about rather than a nice PDF, you come up with something actually solid to back up your words?

Let me help. There was NO attempt to de-regulate anything during the Bush years. In fact the last bit of de-regulation that occured was the repeal of Glass-Stegall which happened under Clinton.

By: ashstone503

ashstone503 — Sat, 23 Jan 2010 03:47:03 +0000

Bush killed recommendations / Dem legislation to curb predatory lending practices suggested in addition to HUD affordable rental housing programs in lieu of decreased lending standards to promote home ownership.

Majority of subprime loans in default were not subject to CRA. CRA does not force banks to lend to unqualified applicants.

Again, look at when bubble occurred, look at when collapse occurred, and look at what Bush did and didn’t do during that time I can send you a nice PDF

By: dalmatian847

dalmatian847 — Sat, 23 Jan 2010 03:40:40 +0000

Yes… a grass roots organization like perhaps ACORN?

Start to do something by voting these lowlifes out of office.

By: dalmatian847

dalmatian847 — Fri, 22 Jan 2010 07:21:41 +0000

Ugh, Obama himself stated in the video that subprime lending started out as a “Good idea” or was he impugning himself?

By: dalmatian847

dalmatian847 — Thu, 21 Jan 2010 20:49:54 +0000

Another one with problems with basic math.

Take the unemployment rate from year 1933-41 divide by 9 and you get 17.48 % not 14.

History also shows that unemployment spiked immediately the next year following the first and second New deal.

Government doesn’t create long term job growth, it never has.

It is however very adept at creating bubbles, which it surely did in housing.

Not to worry, their solution is to INCREASE the loan limit on FHA loans…brilliant!