By the way, have you learned the difference between principles and principals yet? Maybe if you copy/paste a few more posts from BS right-wing sites your spelling/grammar might improve.
Godfathers $9.99 takeout deal.
- Thread starter jimmydean
- Start date
Doesnt matter where I copy paste my information from the issue is that you cannot dispute the facts that are presented.
Are you trying to argue historical fact?
I suggest you dig up some EVIDENCE of your own to dispute what FACTS I copy pasted or go away...or I shall taunt you a second time.
I'd also like to know which government regulation forced banks to lend interest-only option ARMs. I'll wait while you dig up that information.
Community Reinvestment Act (1977) look it up
I would C&P numerous articles explaining how the whole thing went down but that would be cheating.
As long as freddy and fannie were buying the loans it didn't really matter how they were packaged.
thats why they are called "passthrough" mortgage back securities.
the guy that made out like a demon in all of this was the loan orignator he got paid upfront.
Know what I love? I love how the majority of the right wingers (ie, those that are not filthy rich) want to elect someone that really is going to put them into a WORSE position than what they are in right now.
FYI to Hello Kitty... Those mortgages were NOT issued bc they were FORCED into making them. I worked in the Mortgage industry during the height of the madness and the plain truth is that Loan Officers were incented to make any loan we could, regardless of the stability of the borrower. just "make them fit" into an Alt-A program. Find a way to do it... Convince them that it is the best thing they can do for themselves. Ask them, "Is your home value going to go up? YES... Is your income going to increase in the future? YES... would you like to have some extra cash on hand to pay off higher interest bills, go on vacation? Buy that big-screen? You do?
Well this is the greatest opportunity to come along in ever!!"
FYI to Hello Kitty... Those mortgages were NOT issued bc they were FORCED into making them. I worked in the Mortgage industry during the height of the madness and the plain truth is that Loan Officers were incented to make any loan we could, regardless of the stability of the borrower. just "make them fit" into an Alt-A program. Find a way to do it... Convince them that it is the best thing they can do for themselves. Ask them, "Is your home value going to go up? YES... Is your income going to increase in the future? YES... would you like to have some extra cash on hand to pay off higher interest bills, go on vacation? Buy that big-screen? You do?
Well this is the greatest opportunity to come along in ever!!"
Obviously all lies. I can tell cause you didn't use enough colors or bold print.Know what I love? I love how the majority of the right wingers (ie, those that are not filthy rich) want to elect someone that really is going to put them into a WORSE position than what they are in right now.
FYI to Hello Kitty... Those mortgages were NOT issued bc they were FORCED into making them. I worked in the Mortgage industry during the height of the madness and the plain truth is that Loan Officers were incented to make any loan we could, regardless of the stability of the borrower. just "make them fit" into an Alt-A program. Find a way to do it... Convince them that it is the best thing they can do for themselves. Ask them, "Is your home value going to go up? YES... Is your income going to increase in the future? YES... would you like to have some extra cash on hand to pay off higher interest bills, go on vacation? Buy that big-screen? You do?
yes yes and yes all are true loans were made because they knew that the note would be passed along to fannie and freddy and then bundled off to wall street where they were made in to MBS with P&I guaranteed to the security holder.FYI to Hello Kitty... Those mortgages were NOT issued bc they were FORCED into making them. I worked in the Mortgage industry during the height of the madness and the plain truth is that Loan Officers were incented to make any loan we could, regardless of the stability of the borrower. just "make them fit" into an Alt-A program. Find a way to do it... Convince them that it is the best thing they can do for themselves. Ask them, "Is your home value going to go up? YES... Is your income going to increase in the future? YES... would you like to have some extra cash on hand to pay off higher interest bills, go on vacation? Buy that big-screen? You do?
greed was the prime motivator across the board however your missing the FACT that it was the government that was putting the squeeze on these banks to make these loans in the first place, once they knew they could shovel off the crap loans to someone else hell...why not
the whole riff is that these morons that took out the loans don't want to take any personal responsibility and expect joe taxpayer to clean up the mess.
reality is that democrats vote against their best interest and they have been doing it for decades.
I bet you copy/pasted something really insightful/intelligent/funny there, amirite???
I wonder who HK is going to start jerking off to now? The Multi-million-dollar-Freddie-Mac-lobbyist? The flip-flopper? Mr. Oooooops? The Gay-rectal-discharge? The possibilities are ENDLESS!!!!
he must be a Pokemon lover
incredible song
http://www.fox43.com/news/wpmt-herman-cain-quotes-pokemon-as-he-suspends-campaign-20111205,0,1127712.story
incredible song
Last edited: