209,000 More Jobs In July - Ho hum.

[Tom Joad]

Originally Posted by 4-2-7

Very good, a clear indacator that everything is not "Fine"

By the way another indacator is Home sales are way down right now over 2013. Oh and you can't blame winter because April - August is the hight of the homes sales market.

Real Estate prices have returned to somewhere near normal.

That's a good thing because the "Bush/Republican Real Estate Bubble" was not sustainable.

[4-2-7]

Originally Posted by Tom Joad

Real Estate prices have returned to somewhere near normal.

That's a good thing because the "Bush/Republican Real Estate Bubble" was not sustainable.

You mean Clinton Cuomo and Obama working with ACORN.

Your pretty ignorant Tom keep drinking the Kool-Aid but you can't rewrite history.

[d-ray657]

Originally Posted by 4-2-7

You mean Clinton Cuomo and Obama working with ACORN.

Your pretty ignorant Tom keep drinking the Kool-Aid but you can't rewrite history.

And this guy is accusing others of bigotry. ACORN is the right's favorite dark boogeyman.

[bobabode]

Originally Posted by Tom Joad

Real Estate prices have returned to somewhere near normal.

That's a good thing because the "Bush/Republican Real Estate Bubble" was not sustainable.

You mean this Bush? http://georgewbush-whitehouse.archiv.../20020617.html

[bobabode]

Originally Posted by d-ray657

And this guy is accusing others of bigotry. ACORN is the right's favorite dark boogeyman.

Amazing isn't it?

[4-2-7]

President Barack Obama was a pioneering contributor to the national subprime real estate bubble, and roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices.

As few as 19 of those 186 clients still own homes with clean credit ratings, following a decade in which Obama and other progressives pushed banks to provide mortgages to poor African Americans.



Read more: http://dailycaller.com/2012/09/03/wi...#ixzz39MEZhYyQ





In 1994, a class-action lawsuit was filed against CitiBank, demanding that loans be made to poor people, and others who could not show proof that they could pay the money back. The basis of the lawsuit was the 14th Amendment, which requires 'fair and equal' treatment for all citizens.

The legal theory was that failing to loan money to poor/indigent/unemployed people was, on it's face, a discriminatory act by lending institutions. Thousands of loans were processed, and of course many went into default, in part explaining why we're in the financial mess we're in.

Now, it's easy for some people to point the finger of blame at Pres. Geo. Bush for this crisis, because he's sitting in the hot seat.

What many people don't know is the suit was filed during the Clinton Administration.

The lawyer filing the suit was none other than:

Barak Hussein Obama.
Read more at http://www.snopes.com/politics/obama...DXEX5GkuQvf.99

http://www.clearinghouse.net/detail.php?id=10112

[bobabode]

The Daily Caller? You're shittin' us, right?

[4-2-7]

Originally Posted by bobabode

The Daily Caller? You're shittin' us, right?

Tough shit if you don't like the news source do you really expect it on the front page of the WaPo.
And Bobby there is three sources there and that's including federal documentation.

[bobabode]

Originally Posted by Tom Joad

It was pretty obvious to me, but there were a whole lot of people in denial.

I remember back in 2005 one of the newly graduated engineers in our Department bought himself a starter home in a new subdivision for $159,000.

A couple of months later the same model house in that development was selling for $189,000. So the kid takes out his TI-55 and calculates that in six years his house will be worth a million bucks. And he was halfway serious too.

BTW, here it is 2014 and he would be lucky if he could unload that place for $100,000.

I hear you Tom. In '99 we bought at 165K in this little condo complex and in the space of four years there was a sale at double that. Another sold at $450K two years later. At that point I knew there was a bubble going on and a crash was coming.

[piece-itpete]

Originally Posted by d-ray657

I "doest" say ......

That there's fancy folk talk!

Pete