Warrior General Games

Please contact your senator and ask him to oppose this. You can't fix this problem by throwing money at it. Shady business practices put these companies in the situation they are in. They created a false demand for housing by approving people for loans that should not have been. Ninja loans. No income/no job/ no assets were approved for home loans. Can you believe it? Meanwhile the honest people of this country, and there are a lot of them, are left to pick up the tab of corporate greed. It's time that the silent majority speak up and take back control of this country.

Thanks.

I'm just gonna say that I think the Chairman of the Fed and his economic buddies know more than I do.

I'm usually not a proponent of "government knows best," but I think it works that way on the economic side.

I'd like to agree with both of you...

The Feds SHOULD know better, but when their friends' financial ships start sinking... I don't think the FEDS should do so much to protect them, let their buddies personally do it.

right on jaimevick! There are very rich people who have just gotten a whole lot richer because of this. This was very predictable but the people who had the power to curve and fix it did nothing and that is because it was wanted. I work for a pretty big investment bank that has just picked Lehman's skeleton apart, licking each finger with every bone and I can tell you that certain people powered this fall. I don't live in the States but if i did I would be mighty pissed off if i was asked to bail out the economy when the chiefs of the country were sitting back watching the market topple and crumble, reassuring everybody that it was only a slight and terse dip...

Now back on the topic of football - last night a watched Debbie Does Dallas 13 and man, that team can pepper a chicken like nobody else......

A bit of informed opinion on the subject from the man I very much wanted to be president.
http://www.youtube.com/watch?v=TcuppSvQ1-Q

Ron Paul was my favorite of the bunch.

Originally posted by Zenitram
I'm just gonna say that I think the Chairman of the Fed and his economic buddies know more than I do.

I'm usually not a proponent of "government knows best," but I think it works that way on the economic side.

I seen this coming 3 years ago. I was in the market to purchase a house and applied for a home loan. Bank of America approved me for 180k. At the time, I had just started a new job. I might have been employed there 6 months at the most. They didn't even ask to see my check stubs. I only asked for 100k, but they told me on the phone that they would go up to 240k if I needed it. I was only clearing about 2000 a month after taxes. How in the fuck could I afford an 1800 a month house payment? I was working for Bellsouth/AT&T as a line installer. So I got to go to all of these new houses and chat it up with a bunch of first time home buyers. Needless to say, about 80 percent of them should have never been approved for a home loan in the first place.

There was zero regulation. Why? You buy a gun at a gun store you have to fill out 3 pages of a form and then it has to be called in and approved. These fuckers don't even verify employment, and hand you a check for 200k.

This is all orchestrated. No doubt in my mind about it.

Originally posted by jaimevick
Originally posted by Zenitram

I'm just gonna say that I think the Chairman of the Fed and his economic buddies know more than I do.

I'm usually not a proponent of "government knows best," but I think it works that way on the economic side.

I seen this coming 3 years ago. I was in the market to purchase a house and applied for a home loan. Bank of America approved me for 180k. At the time, I had just started a new job. I might have been employed there 6 months at the most. They didn't even ask to see my check stubs. I only asked for 100k, but they told me on the phone that they would go up to 240k if I needed it. I was only clearing about 2000 a month after taxes. How in the fuck could I afford an 1800 a month house payment? I was working for Bellsouth/AT&T as a line installer. So I got to go to all of these new houses and chat it up with a bunch of first time home buyers. Needless to say, about 80 percent of them should have never been approved for a home loan in the first place.

There was zero regulation. Why? You buy a gun at a gun store you have to fill out 3 pages of a form and then it has to be called in and approved. These fuckers don't even verify employment, and hand you a check for 200k.

This is all orchestrated. No doubt in my mind about it.

Now dance, tiny puppets....

No doubt something is fucked up jaimevick. All the successful banks gave out the loans with no regulation (WAMU) or any kind of process. Something was seriously amiss with what was going on.