Nice try Box the housing bubble that the Dems created dragged down all the financial institutions and left them holding worthless pieces of paper called mortgages that people shouldn't have gotten in the first place. Can you say Freddie and Fannie along with all the give-away programs the Dems created and now can't pay for. Isn't Socialism great, it's working all over the world.
What happened in 2006? The market seems to tank begining in 2006. Was there an election? Oh yeah, the mid terms...Who won those midterms? It think Republicans controlled ONLY the White House from 2006 - 2008.
A newspaper is a device for making the ignorant more ignorant and the crazy crazier. ~ H.L. Mencken Democracy is the theory that the common people know what they want, and deserve to get it good and hard. ~ H. L. Mencken The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. ~H. L. Mencken
The trouble started long before GWB, go back and read your history it was during the Jimmy [everybody feel good] Carter administration that the housing bubble started to form and it blew up during the GWB administration. Clinton administration changed the housing system even more to allow even more of those who couldn't afford to buy a house into the housing market. It was just a matter of time until the system failed just like the high tech bubble did.
The problem started when credit was extended to people which allowed houses to be traded like stocks. Then, like shadow mentioned, government created programs that loans to those with questionable means to repay the loan, then the housing market became a game of roulette. American's are conditioned to believe everybody is entitled a home and everybody is entitled credit. Public policy twisted the arms of banks to make loans available to more people to buy homes, and then tried to blame the banks for their lending practices, AND THEN bailed the banks out.
Our housing crisis is the result of a HUGE social experiment gone bad.
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Oct. 11, 2007 - The National Affordable Housing Act passes
Bush threatens a veto
The Democrats may be headed for another showdown with President Bush as the U.S. House of Representatives yesterday passed H.R. 2895, the National Affordable Housing Trust Fund Act of 2007 by a vote of 264 to 148. The National Affordable Housing Trust Fund will be the largest expansion in federal housing programs in decades, with a goal of producing, rehabilitating and preserving 1.5 million housing units over the next 10 years. The bill will initially allocate between $800 million and $1 billion annually directly to states and local communities, without increasing government spending or the federal deficit. The administration was on record threatening to veto this measure earlier this week.
Three of the major housing trade groups are supporting the housing trust fund, including National Association of Home Builders, Mortgage Brokers Association, and the National Association of Realtors (NAR).
The National Affordable Housing Trust Fund, according to the House Financial Services Committee release, is an important step in addressing the affordable housing crisis in our country. In addition to the trust fund, the House of Representatives passed last month,H.R. 1852, the Expanding American Homeownership Act of 2007, to reform the Federal Housing Administration (FHA), which will enable the program to serve more subprime borrowers at affordable rates and terms, recapture borrowers that may have received risky loan products in recent years, and offer refinancing opportunities to borrowers currently struggling.
On May 23, 2007, the House passed H.R. 1427, reforms of the Government Sponsored Enterprises (GSE) Fannie Mae and Freddie Mac, and the Federal Home Loan Bank system, allowing these entities to purchase more loans in higher cost areas (lowering interest rates for new homes and refinances in those areas). The bill also seeks to increase liquidity now by asking federal regulators to reconsider artificial restrictions on the number of loans that the GSEs can own.
A newspaper is a device for making the ignorant more ignorant and the crazy crazier. ~ H.L. Mencken Democracy is the theory that the common people know what they want, and deserve to get it good and hard. ~ H. L. Mencken The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. ~H. L. Mencken
So the subject of the post... A few cops assaulting the people they are sworn to protect??? No problems there??? No comments??? Yea lets talk about the 'housing bubble'.
What is the purpose of this protest? Nobody cares about socialist Bernie Sanders. The NYPD has been very professional with these idiot anarchists. How dare you attack the most professional, finest police officers in this country? Obama is tanking in every poll and will lose in a landslide {especially in Fulton County-lol} so you move onto other socialistic issues. You should be embarrassed to attack the great NYPD and support this lot.
What is the purpose of this protest? Nobody cares about socialist Bernie Sanders. The NYPD has been very professional with these idiot anarchists. How dare you attack the most professional, finest police officers in this country? Obama is tanking in every poll and will lose in a landslide {especially in Fulton County-lol} so you move onto other socialistic issues. You should be embarrassed to attack the great NYPD and support this lot.
Check reply #2 Benny... My post: ~ "The criminals already have jobs in this video... they are the few bad cops." ~ Not the NYPD, but a 'few bad cops'. ***** Nobody cares about socialist Bernie Sanders??? He keeps getting reelected. Because you don't care... you post NOBODY CARES? ***** "Obama is tanking in every poll and will lose in a landslide "??? And this has what to do with this thread??? Most polls show Obama just ahead of just behind all GOP contenders.
Watch the video again... weather you are pro or anti Sanders, he makes some good points about Wall St.
Wall Street is the biggest job creator and biggest taxpayer in this State. The protestors are communists who don't know what they are talking about. A reporter that spent a day down there still can't figure out what they what. This has everything to do with the fact that Obama has totally failed. There are no jobs for college grads. Socialism can't work, never has worked and won't work. The NYPD should clear the streets of these idiots.
Wall Street is the biggest job creator and biggest taxpayer in this State. The protestors are communists who don't know what they are talking about. A reporter that spent a day down there still can't figure out what they what. This has everything to do with the fact that Obama has totally failed. There are no jobs for college grads. Socialism can't work, never has worked and won't work. The NYPD should clear the streets of these idiots.
Benny I'm sorry that you feel so strongly against the US Constitutional right to free speech. This is a growing movement and I'm sure you'll read more about it in the future. Hopefully you'll learn to appreciate every Americans right to free speech, even though you don't agree with what they are saying. Kind of how I feel about the hate filled TeaBagger in their rallies.
As far as Socialism??? I'm surprised your so against it... Would you get rid of America's Socialist institutions like: fire department, public library, public works, parks, eco preservations, roads, bridges, sidewalds, bike paths, armed forces, NASA, welfare, social security, medicare, medicade, subways, port authority, Electric Cooperatives, public transit.... You get the picture. All American Socialism... BTW, why are you against the Military, bridges and sidewalks??? Or are you just against calling them by their real name... Socialist programs?
U.S. News Bloomberg: Jobless, poor likely to riot Published: Sept. 17, 2011 at 10:43 NEW YORK, Sept. 17 (UPI) -- Unemployment and poverty in the United States is setting the stage for riots, New York Mayor Michael Bloomberg warned on a weekly radio show.
Speaking on WOR Radio Friday, the Independent mayor made the unusually negative warning, but avoided direct criticism of Democratic President Barack Obama for a 9.1 percent national unemployment rate, saying Obama had inherited it "over long periods of time," the New York Daily News reported.
Referring to riots earlier this year in Cairo and Madrid by tens of thousands of people unable to find jobs, Bloomberg said "You don't want those kinds of riots here."
Census data released Tuesday showed the U.S. poverty rate rose to 15.1 percent in 2010, its highest level since 1993, CNNMoney reported.
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What is the purpose of this protest? Nobody cares about socialist Bernie Sanders. The NYPD has been very professional with these idiot anarchists. How dare you attack the most professional, finest police officers in this country? Obama is tanking in every poll and will lose in a landslide {especially in Fulton County-lol} so you move onto other socialistic issues. You should be embarrassed to attack the great NYPD and support this lot. 
