Gibbs Takes Off Gloves to Challenge Reporters, Hosts Who Cross Obama

Predatory practices of the lenders?

Barney Frank et al (including Obama and ACORN) forced the lenders to give mortgages to people who could not afford them and never should have gotten them.

And Barney Frank et al (especially including Obama) are still forcing the lenders to continue in doing so. The latest is that even borrowers that LIED on their mortgage applications will benefit from the lenders being forced to rewrite the agreements so that the LIARS can keep their mortgages - even is they still can not afford them.

Reading comprehension... very important... a worthwhile skill...

How do you get from Pastor Larry saying, "more and more people" to "majority"?

 

Predatory lenders did nothing that the market didn't allow. No one took advantage of me. No one forced anyone to take a bad deal on a loan. Put the blame where it belongs.

Jobs have been going overseas for years and for a variety of reasons, including (primarily) the cost of doing business in America. We all shop for hte best deal on things, which almost always includes consideration of price. Why shouldn't companies do the same thing?

The fact that what is going on is hurting the economy, not helping it. I don't think there is any reasonable dispute about that.

I didn't say majority (which you can tell by reading what I di say), but I have to ask: Is this the same majority that thought going into Iraq was justified because the president said so? Now they think Obama is doing the right thing because Obama said so? I don't think that is a good standard.

Look at the markets. They don't like it. And that's the economy.

 

So they were forced into designing balloon loans with stated income??? Come on man, get a grip. Some of the things some lenders did to put people in a loan was down right criminal. Now I'm not exclusively blaming the lenders, but they sure should shoulder SOME of the blame.

 

That's questionable, if I recall some were jailed for some of the bad loans they gave by falsifying documents etc....

Let's take it from the top, if I in good faith take out a mortgage. Five years into paying my mortgage my job is sent overseas. How am I to pay my mortgage? So true, it is any companies prerogative to send jobs overseas, however it doesn't change the fact that rising unemployment is contributing to this crises.

I feel the fact that the market doesn't like what he's doing is a good thing. It means what he's doing isn't just wallstreet friendly which means it must have some benefit on main street. I have no problem with that.

 

Why? Someone comes to you and says, "I want to buy something from you" (in this case the use of your money), you are going to tell them no? The lenders should bear the blame for failed loans. They gambled and lost. That's their fault.

Get another job. What about the guy who takes out a mortgage in good faith and five years into it, he gets fired? Or the company shuts down? Or anything else? This is life. There are not guarantees.

The bulk of "main street wealth" in this county is on Wall Street. A vast majority of Americans are invested on Wall Street.

Your retirement and my retirement is being affected by the fact that the market doesn't like it. That's bad. That's not good. My investments are down almost 60% from their high 18 months ago, and I am very conservatively invested and very diversified. So don't tell me it's good for main street. I like it when Wall Street makes money because that means I do.

Trying to create class envy is a bad tactic, particularly when everyone's wealth is tied up in Wall Street.

So the fact that the market doesn't like it means I am losing money (on paper). It means I paid less taxes this year because capital gains were down. It means that I can't invest in some other things I was looking because I no longer have the money to do it.

It's bad all the way around.