Prediction: Trump Out/Ryan In - Page 5

merrylander · #41 06-23-2016, 02:25 PM

Quote:

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.

Do you even have a mind? Your home mortgage system simply invites corruption. First comes a mortgage broker who finds you a bank - like they are all hidden from plain sight. So he or she takes 1% ov the mortgage value and disappears. The banker she finds for you takes 2 or 3% bundles your loan with several more and sells the package - bank now disappears - oh of course they know you are good for the value of the loan - NOT!The miracle is not that a bunch of mortgage brokers and some banks gamed the system I wonder what took them so long - the system simply invites this kind of fraud.

bobabode · #42 06-23-2016, 02:26 PM

Quote:

Originally Posted by ZeroJunk

It was actually Obama's bailout.

Uh, nope. https://en.wikipedia.org/wiki/Troubl...Relief_Program

"The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was signed into law by U.S. President George W. Bush on October 3, 2008. It was a component of the government's measures in 2008 to address the subprime mortgage crisis." Wiki

ZeroJunk · #43 06-23-2016, 02:30 PM

Quote:

Originally Posted by bobabode

Uh, nope. https://en.wikipedia.org/wiki/Troubl...Relief_Program

"The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was signed into law by U.S. President George W. Bush on October 3, 2008. It was a component of the government's measures in 2008 to address the subprime mortgage crisis." Wiki

https://projects.propublica.org/bailout/main/timeline

He could have stopped it any time he wanted to.

Bush said himself that he did not want to dump it on Obama, so Obama could make any change he wanted since he was in office a couple of months later.

The vast majority of the money went out under his administration.

Oerets · #44 06-23-2016, 02:32 PM

Quote:

Originally Posted by ZeroJunk

It was actually Obama's inherited bailout.

Fixed it for you.

Barney

ZeroJunk · #45 06-23-2016, 02:32 PM

Quote:

Originally Posted by merrylander

Do you even have a mind? Your home mortgage system simply invites corruption. First comes a mortgage broker who finds you a bank - like they are all hidden from plain sight. So he or she takes 1% ov the mortgage value and disappears. The banker she finds for you takes 2 or 3% bundles your loan with several more and sells the package - bank now disappears - oh of course they know you are good for the value of the loan - NOT!The miracle is not that a bunch of mortgage brokers and some banks gamed the system I wonder what took them so long - the system simply invites this kind of fraud.

I understand that Obama voters don't understand what they are reading.

ZeroJunk · #46 06-23-2016, 02:34 PM

Quote:

Originally Posted by Oerets

Fixed it for you.

Barney

Perhaps, but he could have stopped it at any time and didn't.

Actually I would have preferred that they not bail them out and let the whole system reset.