Election over, administration unleashes new rules

[Ridgerunner]

Reality check: Only a tiny portion of the toxic mortgages (by worth) were on low income and minority families targeted by those programs. The truth is more subtle. Although they were initially dragged kicking and screaming into lending to those folks, banks initially found that the high rates they were allowed to charge those people were highly profitable. Once they discovered that, they fell all over themselves to lower lending standards to EVERYBODY, not just the narrowly targeted disadvantaged groups covered by the legislation.

You can still argue an indirect cause and effect, but don’t exaggerate. It only hurts the case against these guys in the long run!

Part of my occupation is being an “outsource” for lenders. I have seen it all, for years and years. I agree that not all toxic mortgages were granted to “low income” or “minority” borrowers. But, just as with those, the whole thing was “ratcheted up” so that a vast number of people were granted mortgages they couldn’t pay, and on houses that were over-appraised. The real villains in that piece were FNMA and FHLMC. They were such a large part of the mortgage market that they determined practices. Nobody could reasonably expect to make loans at all if they didn’t follow the same practices. Indeed, lenders were virtually forced to use FNMA and FHLMC standards by regulators. You couldn’t even sell a loan to anyone if it wasn’t on FNMA/FHLMC paper. Still can’t.

Fan and Fred should have been reined in or shut down years ago. In 2003, Bush and McCain tried to reform them, but were defeated in that attempt by Schumer, Dodd, Frank and Obama, each of whom received significant rewards from Fan and Fred, and not necessarily just in campaign contributions, either.

I do fault Bush for not making it the public issue it should have been. He gave up too easily, in my opinion. But he was not the most to blame in it by a long shot.

 

[Carlan]

Sick, sick, sick. But this is what we have come to expect from this fiend. Yes, fiend. He HATES good Americans who believe in God and Constitution. Rob

Questionable here Rob?, who the sick ,sick, sick fiend is, How can anyone possibly hate another human being so much as you seem to hate the person you are referring to as a fiend.?
The words in the above post do not sound like a good American who believes and loves God and prays for the one he believes to be a fiend and because he thinks he does not believe in the constitution of our country.
To me the composer sounds like a very bitter and immature person
Peace, Carlan.

 

[iloveangels]

Get over what already? Higher energy prices? Higher unemployement?

What exactly should I be “getting over”?

People voted for it. Let them have it. You can’t tell some people because they have to learn the hard way. It ain’t pretty but it usually works eventually. They’ll get no sympathy from me.

 

[exoflare]

you, alas are one of many uninformed, who just believe what they WANT to believe.

Oh dear, you’ve fallen for the misinformation roadshow big-time…

tinyurl.com/a7a2r

 

[spartan_cop]

What pray, is wrong with having laws for the health and safety of workers? What is wrong with trying to prevent pollution by big business where money often ‘talks’ and is the only ‘raison d’etre’? What is wrong with trying to prevent global warming?
From the European side of the pond, I too shall be very interested to see what type of foreign policy changes we shall see…what ones are you expecting?

LOL at global warming

 

[RACJ]

Questionable here Rob?, who the sick ,sick, sick fiend is, How can anyone possibly hate another human being so much as you seem to hate the person you are referring to as a fiend.?
The words in the above post do not sound like a good American who believes and loves God and prays for the one he believes to be a fiend and because he thinks he does not believe in the constitution of our country.
To me the composer sounds like a very bitter and immature person
Peace, Carlan.

 Peace back, Carlan. Obama attended a "church" of hate for 20 YEARS! He refused to vote for a bill which would protect infants born alive. He has jammed his immorality down the throats of Christian institutions, forcing them to fund abortifacients and sterilizations. He has given billions to failed companies such as Solyndra, as payment for campaign bundling. He has destroyed perfect motors of used cars, causing remaining vehicle prices to skyrocket by THOUSANDS. He allowed weapons to be sold to drug lords through straw purchasers, weapons which were used to murder hundreds. Obama refused to heed warnings, or send help in Benghazi, and four Americans perished. He has hired people throughout his administration who have contempt for individual rights, including Mao lovers and one creep (Kevin Jennings) who counseled silence in a man on boy illicit affair.  I've just scratched the surface. 
 How can anyone NOT hold this small, arrogant man in utter contempt? Yes, I DO pray for his conversion to Christianity, but that's as far as I can go. Blessings, Rob :blush:

 

[spartan_cop]

I’m not sure where you’re going with this Carlan. I’m guessing you voted for the President, so just sit back and enjoy the bumpy ride.

Agreed, it’s amazing how angry some of these Obama lover get when you criticize their hero.

 

[spartan_cop]

So should we take your word for it then, Rob?

I tend to trust the established scientific community not conspiracy theorists.

The establish? You mean the companies which fund these scientific communities which present results that will benefit their big time donors? Hhmm yeah

 

[pete_29]

Agreed, it’s amazing how angry some of these Obama lover get when you criticize their hero.

They won’t be happy until there is no opposition party.

 

[Walcot]

Peace back, Carlan. Obama attended a “church” of hate for 20 YEARS! He refused to vote for a bill which would protect infants born alive. He has jammed his immorality down the throats of Christian institutions, forcing them to fund abortifacients and sterilizations. He has given billions to failed companies such as Solyndra, as payment for campaign bundling. He has destroyed perfect motors of used cars, causing remaining vehicle prices to skyrocket by THOUSANDS. He allowed weapons to be sold to drug lords through straw purchasers, weapons which were used to murder hundreds. Obama refused to heed warnings, or send help in Benghazi, and four Americans perished. He has hired people throughout his administration who have contempt for individual rights, including Mao lovers and one creep (Kevin Jennings) who counseled silence in a man on boy illicit affair. I’ve just scratched the surface.
How can anyone NOT hold this small, arrogant man in utter contempt? Yes, I DO pray for his conversion to Christianity, but that’s as far as I can go. Blessings, Rob

church of hate? What’s all that about? This is just becoming hysterical. (and I don’t mean funny hysterical) …and how many deaths was the good christian George Bush jnr responsible for?

 

[Walcot]

I see a few claims that people daring to defend your democratically elected president on this thread are ‘angry’. There’s LOTS and LOTS of anger all right…I can feel the heat and the scorn…ouch! But it sounds like RIGHT-wing anger and self righteousness to me. I detect some anti-European feeling too? People left Europe for all sorts of reasons - originally for religious freedom. They don’t need to do THAT now - perhaps religious freedom is something WE have more of now??

 

[Walcot]

They won’t be happy until there is no opposition party.

Oh come on…really!!!

 

[RACJ]

church of hate? What’s all that about? This is just becoming hysterical. (and I don’t mean funny hysterical) …and how many deaths was the good christian George Bush jnr responsible for?

His “church” honored Louis Farrakhan. 'Nuff said. I am NOT fan of George W, but when 3000 innocents are vaporized on your watch, it calls for tough decisions based upon the best intelligence that we have. At least he didn’t describe the 9/11 massacre as “workplace violence”, and try to pretend that terrorism doesn’t exist.

As for “global warming”, ringil, a slight increase in a trace gas (CO2, .038% of the atmosphere) CANNOT bring climactic cataclysm. That’s just common sense. It’s leftist politics that is saying so, NOT science. Blessings, Rob

 

[RACJ]

I see a few claims that people daring to defend your democratically elected president on this thread are ‘angry’. There’s LOTS and LOTS of anger all right…I can feel the heat and the scorn…ouch! But it sounds like RIGHT-wing anger and self righteousness to me. I detect some anti-European feeling too? People left Europe for all sorts of reasons - originally for religious freedom. They don’t need to do THAT now - perhaps religious freedom is something WE have more of now??

“ANGER”: What we saw on display yesterday, (except from media apparatchik arms such as CBS, ABC, NBC, CNN, etc), in Michigan, meted out in the form of violence by union goons, attacking those who opposed them. Yes, even to the point of destroying a large tent with women, children and handicapped persons inside. That’s “anger”, alright, but you lefties ignore this! :ehh: Rob

 

[pete_29]

Oh come on…really!!!

Well, liberals do throw a tantrum every time they don’t get their way.

 

[RACJ]

I see a few claims that people daring to defend your democratically elected president on this thread are ‘angry’. There’s LOTS and LOTS of anger all right…I can feel the heat and the scorn…ouch! But it sounds like RIGHT-wing anger and self righteousness to me. I detect some anti-European feeling too? People left Europe for all sorts of reasons - originally for religious freedom. They don’t need to do THAT now - perhaps religious freedom is something WE have more of now??

“ANGER”: What we saw on display yesterday, (except from media apparatchik arms such as CBS, ABC, NBC, CNN, etc), in Michigan meted out by union goons who used violence against those who opposed them. Yes, even to the point of destroying a large tent with women, children and handicapped persons inside. That’s “anger”, alright! :ehh: Rob

 

[RACJ]

church of hate? What’s all that about? This is just becoming hysterical. (and I don’t mean funny hysterical) …and how many deaths was the good christian George Bush jnr responsible for?

His “church” honored Louis Farrakhan. 'Nuff said. I am NOT fan of George W, but when 3000 innocents are vaporized on your watch, it calls for tough decisions based upon the best intelligence that we have. At least he didn’t describe the 9/11 massacre as “workplace violence”, and try to pretend that terrorism doesn’t exist.

As for “global warming”, ringil, a slight increase in a trace gas (CO2, .038% of the atmosphere) CANNOT bring climactic cataclysm. That’s just common sense. It’s leftist politics that is saying so, NOT science. Blessings, Rob

 

[Ridgerunner]

I see a few claims that people daring to defend your democratically elected president on this thread are ‘angry’. There’s LOTS and LOTS of anger all right…I can feel the heat and the scorn…ouch! But it sounds like RIGHT-wing anger and self righteousness to me. I detect some anti-European feeling too? People left Europe for all sorts of reasons - originally for religious freedom. They don’t need to do THAT now - perhaps religious freedom is something WE have more of now??

Quite possibly Europeans do have more religious freedom than we do…at least potentially. As far as I know, European governments have not forced Catholic institutions to provide contraceptives, abortifacients and sterilization to their employees. As far as I know, no European government has failed to allow Catholic institutions to be funded or even operate if they do not provide access to abortion or (in the case of child placement) force Catholic institutions to place children with homosexuals.

If I’m wrong about that, you can correct me.

I’ll grant that religious freedom was a big factor in my Irish ancestors’ leaving Europe. No question about it. But my other European ancestors didn’t leave for that reason. They came from countries where the Church was not oppressed. But those countries were then ruled by elites that would not allow personal industry to be rewarded. Those elites were largely, but not entirely, hereditary elites. But because many or most of Americans’ “ancestral memories” include a desire for personal freedom from dictatorial elites who demand too much in the way of fealty and tribute, approximately half of us react negatively toward it when it manifests itself here.

Even some recent immigrants feel the same way. A friend of mine is a Frenchman who came here to start an industry because, he said, you can’t get anywhere in France if you’re not connected. In addition, he says, in France he had no freedom to hire who he wanted, to fire who wasn’t doing his job, and faced taxes (and corruption) at every turn.
Here, he says, you can do what you want to do if you work hard at it, and don’t have to be well connected to do it. He, for one, is very opposed to Obama because he believes Obama has the same mindset as the people he left France to get away from.

 

[livingwordunity]

I’m not sure the loss of freedom is the goal, but the law of unintended consequences comes into play.

Carter passed the “gas guzzler tax” to save the environment. The result? Large (gas guzzler tax exempt) SUVs that get even less mpg than the family sedans and muscle cars the tax made nearly obsolete.

The same goes with the proposed “cap and trade” tax proposals. What kind of impact does that have on a family struggling to pay their energy bills, now? I guess we could tax at a higher rate to provide more government support for those families…

and the cycle continues.

Whenever liberals have good intentions, they make things worse.

An example is the energy efficient light bulbs that pollute the environment with mercury.

 

[George_Stegmeir]

I think that most people on this thread are missing the big picture. Obama and his ilk are nothing more than very slick secularist socialists, whose aim is to transform the USA into a “Socialist Paradise”. Since the people on OB’s staff are true believers, this makes them more dangerous than mere fanatics.
The purpose of all of these various regulations is not to save the environment, or controll abusive business practices. Just as the purpose of shoving abortion and contreception and recognition of gay marriage down the throats of religious institions is not for equality.
The real purpose for all of this is to promote a total collapse of society and the economy as we know it today. Very to the socio-economic collapse that occurred in the US from 1929-1933/4.
These Obamaist socialists then feel they can re-construct American Society according to their socialist principles. They know that they could never get any of this through legislation, so they will do it by bureaucratic fiat. They feel they can get away with it because there really is no one in congress with either the guts or the power to stop them.
And the public will not react against them until it is too late, because they have been and are being fed a daily diet of Obama propaganda.
The few people who dare speak up against them are branded as racists, or tea partyites, or old fuddy duddies who are not progressive. The populace seems to forget that the word progressive is a modern euphonism for socialist.