Prediction: Trump Out/Ryan In

[donquixote99]

Originally Posted by ZeroJunk

Speaking of housing, exactly what did the banks do other than loan people money to buy a home ?

The people who took out the loans decided not to pay and defaults skyrocketed . But, somehow in the mind of the lunatic left it was the banks fault for loaning them the money.

And, it was the government that was mandating that the banks make loans to questionable borrowers to start with.

Gotta love the mind of a lefty.

If you do crap underwriting you get bad debt. Doesn't take exactly 40 years in the banking business to figure that out. No one would do that unless they figured they could unload the debt quick. So, filthy dirty hands for the originator, and the debt is dirty from day 1. It became a toxic hot potato that one could make big money from, unless one became the holder who couldn't unload.

And all this sharp practice is the fault of Joe Schmoe who was bedazzled by a HOUSE with No Money Down and No Interest Until Later?

Gotta love how the criminal con artist mind works.

[Pio1980]

Originally Posted by donquixote99

If you do crap underwriting you get bad debt. Doesn't take exactly 40 years in the banking business to figure that out. No one would do that unless they figured they could unload the debt quick. So, filthy dirty hands for the originator, and the debt is dirty from day 1. It became a toxic hot potato that one could make big money from, unless one became the holder who couldn't unload.

And all this sharp practice is the fault of Joe Schmoe who was bedazzled by a HOUSE with No Money Down and No Interest Until Later?

Gotta love how the criminal con artist mind works.

And there it is.

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[ZeroJunk]

Originally Posted by donquixote99

If you do crap underwriting you get bad debt. Doesn't take exactly 40 years in the banking business to figure that out. No one would do that unless they figured they could unload the debt quick. So, filthy dirty hands for the originator, and the debt is dirty from day 1. It became a toxic hot potato that one could make big money from, unless one became the holder who couldn't unload.

And all this sharp practice is the fault of Joe Schmoe who was bedazzled by a HOUSE with No Money Down and No Interest Until Later?

Gotta love how the criminal con artist mind works.

So, you are saying that stupidity and a type of character who would get a house a few months for free knowing he was not going to pay, or thinking he could flip it, get off scot free and it is the big banks.

Gotta love the lefty mind.

[donquixote99]

Dirty hands from day 1. Maybe on the buyer's part. Always on the loan originator's part.

Con artists always exploit the greed of the mark, and tell themselves the marks are the bad guys, that the greedy stupid marks deserve it.

And your sympathies are with the con artists. Criminal mind, like I said.

[ZeroJunk]

Originally Posted by donquixote99

Dirty hands from day 1. Maybe on the buyer's part. Always on the loan originator's part.

Con artists always exploit the greed of the mark, and tell themselves the marks are the bad guys, that the greedy stupid marks deserve it.

And your sympathies are with the con artists. Criminal mind, like I said.

I don't have any sympathy for any of them, particularly the geniuses who insured the collateralized debt multiple times trying to get rich and lost their ass. AIG, in particular. Plenty of blame to go around.


But, in the end if the borrowers had simply paid what they signed a contract to pay there would have never been a great recession.

[Rajoo]

Originally Posted by ZeroJunk

So, you are saying that stupidity and a type of character who would get a house a few months for free knowing he was not going to pay, or thinking he could flip it, get off scot free and it is the big banks.

Gotta love the lefty mind.

Why did the banks need a bailout from your man Dubya?
Gotta love the wingnut redirection, like 'Islamic Terrorism', which means let's blame Obama for ISIS. Fuck you and your ilk.

[Boreas]

Originally Posted by ZeroJunk

I don't have any sympathy for any of them, particularly the geniuses who insured the collateralized debt multiple times trying to get rich and lost their ass. AIG, in particular. Plenty of blame to go around.


But, in the end if the borrowers had simply paid what they signed a contract to pay there would have never been a great recession.

https://www.youtube.com/watch?v=DvSaDS7M4f8

[MrPots]

Originally Posted by ZeroJunk

So, you are saying that stupidity and a type of character who would get a house a few months for free knowing he was not going to pay, or thinking he could flip it, get off scot free and it is the big banks.

Gotta love the lefty mind.

So as you imply then, it's OK for the banks to pull a con...and the folks who fall for it are the bad guys. Blame the victim.....

Got it.

You have no moral center.

[ZeroJunk]

Originally Posted by MrPots

So as you imply then, it's OK for the banks to pull a con...and the folks who fall for it are the bad guys. Blame the victim.....

Got it.

You have no moral center.

So, now somebody who gets a home loan is a victim.

I remember very well when people were victims because the banks wouldn't loan them any money.

[ZeroJunk]

Originally Posted by Rajoo

Why did the banks need a bailout from your man Dubya?
Gotta love the wingnut redirection, like 'Islamic Terrorism', which means let's blame Obama for ISIS. Fuck you and your ilk.

It was actually Obama's bailout.