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LOLOLI'm a hypocrite? Obama doubled the debt and you're quiet. Bush had a terrorist attack that he had to deal with and you bitch? Bush has been out of office over a decade, why is it always about Bush?
It definitely wasn't the worst economy since the great depression. OBAMA MADE IT THAT.
That's ok. A real president, Trump, has stepped up to the plate and the economy is busting 4 percent GDP. Record everything. We are rockin' along!
Trump hasn’t had 4% GDP yet. And his first year came in at 2.3%, despite his prediction it would be as high as 6%.
And yes, you are a hypocrite. You demonstrated nearly doubling the debt meant nothing to you when Bush did it; but you cry like a bitch when Obama did it.
And the worst economy, with negative 8 percent GDP, 700,000 jobs lost in a month, and crashing stock market, housing markets and credit markets all occurred under Bush and was passed onto Obama; who turned that into positive GDP, longest streak of net jobs gained, and a record high stock market.
Wait, really? It must be Christmas.Do you even understand what a "fascist" is? What has Donald Trump done that even REMOTELY smacks of fascism?If we look at modern times, Conservative policy has always failed and yet conservatives continue repeating the same thing over and over.
Despite the fact that there have been many brilliant thinkers through the centuries who called themselves conservatives, it does seem that, when we look at things through the rearview mirror of American history, it is conservatives who are left stuck in the mud.
Today’s conservatives may call themselves tea partiers, but the original bunch that tossed boxes of tea over the side of British ships was a gaggle of radicals, not conservatives. In 1776, it was conservative people who thought the Declaration of Independence was a traitorous document. Their loyalties lay with British tradition and the king in London.
Throughout the long debate over slavery, abolitionists were condemned as radicals. Even a moderate like Abraham Lincoln was too extreme for the conservatives of his day. They bought into all kinds of excuses for why slavery should be left alone – that it was Biblical, that it would wither away on its own or that the property rights of slaveholders should not be infringed.
In the Gilded Age, when robber barons ruled the economy and workers toiled for long hours at dangerous jobs for meager wages, it was the conservatives who opposed the minimum wage, the 40-hour work week and the eight-hour day. They opposed the right of workers to organize. They opposed Teddy Roosevelt’s conservation plans and his regulation of rapacious industrialists.
And on into the 20th century, it was conservatives who fought against the franchise for women, Social Security, Medicare and racial integration. More recently, they have stood in the way of gay rights and universal health care. Even when they had the right idea – opposing Communism – they were prone to dangerous excess – McCarthyism.
To be fair, the best conservative intellectuals and political leaders have provided a useful tempering of the enthusiasms of liberal social engineers. But on so many of the biggest challenges that have faced the nation, the conservatives of each era have ended up on the wrong side of history.
Conservatives are unembarrassed by a history of being wrong
IM2 OP requires personal input, not just a cut and paste
And liberals gave us the horrors of communism and the welfare state. Your point is what?
Yeah right. So now we have a fascist president who wants to be like Kim Jung Un.
Holyfuckingshit, not this shit again.LOLOLI'm a hypocrite? Obama doubled the debt and you're quiet. Bush had a terrorist attack that he had to deal with and you bitch? Bush has been out of office over a decade, why is it always about Bush?
It definitely wasn't the worst economy since the great depression. OBAMA MADE IT THAT.
That's ok. A real president, Trump, has stepped up to the plate and the economy is busting 4 percent GDP. Record everything. We are rockin' along!
Trump hasn’t had 4% GDP yet. And his first year came in at 2.3%, despite his prediction it would be as high as 6%.
And yes, you are a hypocrite. You demonstrated nearly doubling the debt meant nothing to you when Bush did it; but you cry like a bitch when Obama did it.
And the worst economy, with negative 8 percent GDP, 700,000 jobs lost in a month, and crashing stock market, housing markets and credit markets all occurred under Bush and was passed onto Obama; who turned that into positive GDP, longest streak of net jobs gained, and a record high stock market.
And when did the economy tank? As soon as the democrats took the senate and house! LOL Bush couldn't do anything, you seem to forget the senate and house have to pass any measures, and those were full libtard.
So you can thank liberals for the crappy economy under Bush.
Obama was the only president in history that did not preside over a single year of 3% GDP growth. Trump has already smashed that.
LOLObama was the only president in history that did not preside over a single year of 3% GDP growth. Trump has already smashed that.
They believe in providing a path to citizenship for illegal immigrants, especially those who were brought here as children. They wish to greatly reform the current immigration laws, stating that “today’s immigration laws do not reflect our values or serve our security, and we will work for real reform.
You SURE about this? Because when they are IN CHARGE, they sure don't cater to open borders and unlimited border crashing..
You conservatives are the ones saying that democrats are for unlimited open borders. I stated democrats weren't and got called bonjangles. So try going beyond one paragraph the next time..
If you're not for open borders when your team is at the plate, what is the problem with ending catch/release and idiotic notions like the VISA lottery? Do you think it's fair to be suddenly, selectively irate and hysterical about children at the border when your "smartest woman in America" suggested sending them all home (after the Obama Admin allowed 100,000 or more orphans to come in) to their parents in 2014?
THIS -- is why I won't support EITHER party. They are BOTH playing power games. And they HAVE no principles, or scruples on damn near ANY issue.. And it reeks of clueless hypocrisy and callousness on BOTH sides of issues like this. Same with foreign policy. Same with the budget/deficit.
Stuff it Jethro. Take yo nigg*a ass back to the bush. You are a lazy, hate filled piece of shit. As a Conservative the ONLY thing that embarrasses me is you calling yourself an American Nobody ever owned you, you were never a slave and the fact the you are appropriating the culture of those that were makes you one more dumbass nigg*a. You are a disgrace to hard working blacks everywhere.
If we look at modern times, Conservative policy has always failed and yet conservatives continue repeating the same thing over and over.
Despite the fact that there have been many brilliant thinkers through the centuries who called themselves conservatives, it does seem that, when we look at things through the rearview mirror of American history, it is conservatives who are left stuck in the mud.
Today’s conservatives may call themselves tea partiers, but the original bunch that tossed boxes of tea over the side of British ships was a gaggle of radicals, not conservatives. In 1776, it was conservative people who thought the Declaration of Independence was a traitorous document. Their loyalties lay with British tradition and the king in London.
Throughout the long debate over slavery, abolitionists were condemned as radicals. Even a moderate like Abraham Lincoln was too extreme for the conservatives of his day. They bought into all kinds of excuses for why slavery should be left alone – that it was Biblical, that it would wither away on its own or that the property rights of slaveholders should not be infringed.
In the Gilded Age, when robber barons ruled the economy and workers toiled for long hours at dangerous jobs for meager wages, it was the conservatives who opposed the minimum wage, the 40-hour work week and the eight-hour day. They opposed the right of workers to organize. They opposed Teddy Roosevelt’s conservation plans and his regulation of rapacious industrialists.
And on into the 20th century, it was conservatives who fought against the franchise for women, Social Security, Medicare and racial integration. More recently, they have stood in the way of gay rights and universal health care. Even when they had the right idea – opposing Communism – they were prone to dangerous excess – McCarthyism.
To be fair, the best conservative intellectuals and political leaders have provided a useful tempering of the enthusiasms of liberal social engineers. But on so many of the biggest challenges that have faced the nation, the conservatives of each era have ended up on the wrong side of history.
Conservatives are unembarrassed by a history of being wrong
IM2 OP requires personal input, not just a cut and paste
Today’s conservatives may call themselves tea partiers, but the original bunch that tossed boxes of tea over the side of British ships was a gaggle of radicals, not conservatives.
Radicals who wanted low taxes and freedom. That makes them conservatives.
I thought we could not apply todays thinking to the past. After all you weren't there, you threw no tea into the harbor, so you have no claim to make.
I thought we could not apply todays thinking to the past.
You so rarely apply any thinking, so you've got that going for you.
After all you weren't there, you threw no tea into the harbor, so you have no claim to make.
Says the guy who wasn't a slave but still whines about it, 153 years after slavery ended.
If we look at modern times, Conservative policy has always failed and yet conservatives continue repeating the same thing over and over.
Despite the fact that there have been many brilliant thinkers through the centuries who called themselves conservatives, it does seem that, when we look at things through the rearview mirror of American history, it is conservatives who are left stuck in the mud.
Today’s conservatives may call themselves tea partiers, but the original bunch that tossed boxes of tea over the side of British ships was a gaggle of radicals, not conservatives. In 1776, it was conservative people who thought the Declaration of Independence was a traitorous document. Their loyalties lay with British tradition and the king in London.
Throughout the long debate over slavery, abolitionists were condemned as radicals. Even a moderate like Abraham Lincoln was too extreme for the conservatives of his day. They bought into all kinds of excuses for why slavery should be left alone – that it was Biblical, that it would wither away on its own or that the property rights of slaveholders should not be infringed.
In the Gilded Age, when robber barons ruled the economy and workers toiled for long hours at dangerous jobs for meager wages, it was the conservatives who opposed the minimum wage, the 40-hour work week and the eight-hour day. They opposed the right of workers to organize. They opposed Teddy Roosevelt’s conservation plans and his regulation of rapacious industrialists.
And on into the 20th century, it was conservatives who fought against the franchise for women, Social Security, Medicare and racial integration. More recently, they have stood in the way of gay rights and universal health care. Even when they had the right idea – opposing Communism – they were prone to dangerous excess – McCarthyism.
To be fair, the best conservative intellectuals and political leaders have provided a useful tempering of the enthusiasms of liberal social engineers. But on so many of the biggest challenges that have faced the nation, the conservatives of each era have ended up on the wrong side of history.
Conservatives are unembarrassed by a history of being wrong
IM2 OP requires personal input, not just a cut and paste
Leftists however, are the king of being wrong. That's why they are attempting to remove the word "wrong" from their ideology. Everything is upside down.
IM thinks that just because Blacks by far can't make it under Conservative Policies that said policies are "failures". The problem he and his "brothas" have is that Conservative Policies demand self discipline and hard work.
You stupid son of a bitch, blacks have worked harder and have had more discipline that any other group. Bitch we worked 24-7 for free for over 200 years. How much discipline did it take for blacks to fight overt white racism with non violence? Your pink ass couldn't do it. Stop talking about things your white ass has no clue about. Whites are the laziest most undisciplined group here. And when we consider all of what the government has given whites, people like you need to keep your mouths shut. Conservative policies fail because they suck. They are not based in reality.
Stuff it Jethro. Take yo nigg*a ass back to the bush. You are a lazy, hate filled piece of shit. As a Conservative the ONLY thing that embarrasses me is you calling yourself an American Nobody ever owned you, you were never a slave and the fact the you are appropriating the culture of those that were makes you one more dumbass nigg*a. You are a disgrace to hard working blacks everywhere.
Doc1
LOLOLI'm a hypocrite? Obama doubled the debt and you're quiet. Bush had a terrorist attack that he had to deal with and you bitch? Bush has been out of office over a decade, why is it always about Bush?
It definitely wasn't the worst economy since the great depression. OBAMA MADE IT THAT.
That's ok. A real president, Trump, has stepped up to the plate and the economy is busting 4 percent GDP. Record everything. We are rockin' along!
Trump hasn’t had 4% GDP yet. And his first year came in at 2.3%, despite his prediction it would be as high as 6%.
And yes, you are a hypocrite. You demonstrated nearly doubling the debt meant nothing to you when Bush did it; but you cry like a bitch when Obama did it.
And the worst economy, with negative 8 percent GDP, 700,000 jobs lost in a month, and crashing stock market, housing markets and credit markets all occurred under Bush and was passed onto Obama; who turned that into positive GDP, longest streak of net jobs gained, and a record high stock market.
They believe in providing a path to citizenship for illegal immigrants, especially those who were brought here as children. They wish to greatly reform the current immigration laws, stating that “today’s immigration laws do not reflect our values or serve our security, and we will work for real reform.
You SURE about this? Because when they are IN CHARGE, they sure don't cater to open borders and unlimited border crashing..
You conservatives are the ones saying that democrats are for unlimited open borders. I stated democrats weren't and got called bonjangles. So try going beyond one paragraph the next time..
If you're not for open borders when your team is at the plate, what is the problem with ending catch/release and idiotic notions like the VISA lottery? Do you think it's fair to be suddenly, selectively irate and hysterical about children at the border when your "smartest woman in America" suggested sending them all home (after the Obama Admin allowed 100,000 or more orphans to come in) to their parents in 2014?
THIS -- is why I won't support EITHER party. They are BOTH playing power games. And they HAVE no principles, or scruples on damn near ANY issue.. And it reeks of clueless hypocrisy and callousness on BOTH sides of issues like this. Same with foreign policy. Same with the budget/deficit.
Stuff it Jethro. Take yo nigg*a ass back to the bush. You are a lazy, hate filled piece of shit. As a Conservative the ONLY thing that embarrasses me is you calling yourself an American Nobody ever owned you, you were never a slave and the fact the you are appropriating the culture of those that were makes you one more dumbass nigg*a. You are a disgrace to hard working blacks everywhere.
Holyfuckingshit, not this shit again.LOLOLI'm a hypocrite? Obama doubled the debt and you're quiet. Bush had a terrorist attack that he had to deal with and you bitch? Bush has been out of office over a decade, why is it always about Bush?
It definitely wasn't the worst economy since the great depression. OBAMA MADE IT THAT.
That's ok. A real president, Trump, has stepped up to the plate and the economy is busting 4 percent GDP. Record everything. We are rockin' along!
Trump hasn’t had 4% GDP yet. And his first year came in at 2.3%, despite his prediction it would be as high as 6%.
And yes, you are a hypocrite. You demonstrated nearly doubling the debt meant nothing to you when Bush did it; but you cry like a bitch when Obama did it.
And the worst economy, with negative 8 percent GDP, 700,000 jobs lost in a month, and crashing stock market, housing markets and credit markets all occurred under Bush and was passed onto Obama; who turned that into positive GDP, longest streak of net jobs gained, and a record high stock market.
And when did the economy tank? As soon as the democrats took the senate and house! LOL Bush couldn't do anything, you seem to forget the senate and house have to pass any measures, and those were full libtard.
So you can thank liberals for the crappy economy under Bush.
Obama was the only president in history that did not preside over a single year of 3% GDP growth. Trump has already smashed that.
Moron.... the economy tanked after years of toxic loans finally took the credit markets down, starting with New Century Financial, which filed bankruptcy in early 2007. The 110th Congress had absolutely nothing to do with that.
Huge Mortgage Lender Files for Bankruptcy
Tuesday, April 3, 2007
New Century Financial, a lender that came to symbolize the fast-and-loose mortgage practices of recent years, filed for bankruptcy protection yesterday and said it would lay off 3,200 employees, more than half its workforce.
These companies specialized in "subprime" loans, generally offered to people with blemished credit or insufficient cash for a down payment. Subprime mortgages, which accounted for $600 billion, or about 20 percent, of all new home loans last year, were the main reason millions of working-class Americans were able to buy homes they otherwise could not afford.
Many of these mortgages did not require down payments or had low teaser interest rates that leaped after the first two or three years. Delinquency rates on these mortgages have soared in recent months, prompting Wall Street to cut off funds for companies like New Century.
Holyfuckingshit, not this shit again.LOLOLI'm a hypocrite? Obama doubled the debt and you're quiet. Bush had a terrorist attack that he had to deal with and you bitch? Bush has been out of office over a decade, why is it always about Bush?
It definitely wasn't the worst economy since the great depression. OBAMA MADE IT THAT.
That's ok. A real president, Trump, has stepped up to the plate and the economy is busting 4 percent GDP. Record everything. We are rockin' along!
Trump hasn’t had 4% GDP yet. And his first year came in at 2.3%, despite his prediction it would be as high as 6%.
And yes, you are a hypocrite. You demonstrated nearly doubling the debt meant nothing to you when Bush did it; but you cry like a bitch when Obama did it.
And the worst economy, with negative 8 percent GDP, 700,000 jobs lost in a month, and crashing stock market, housing markets and credit markets all occurred under Bush and was passed onto Obama; who turned that into positive GDP, longest streak of net jobs gained, and a record high stock market.
And when did the economy tank? As soon as the democrats took the senate and house! LOL Bush couldn't do anything, you seem to forget the senate and house have to pass any measures, and those were full libtard.
So you can thank liberals for the crappy economy under Bush.
Obama was the only president in history that did not preside over a single year of 3% GDP growth. Trump has already smashed that.
Moron.... the economy tanked after years of toxic loans finally took the credit markets down, starting with New Century Financial, which filed bankruptcy in early 2007. The 110th Congress had absolutely nothing to do with that.
Huge Mortgage Lender Files for Bankruptcy
Tuesday, April 3, 2007
New Century Financial, a lender that came to symbolize the fast-and-loose mortgage practices of recent years, filed for bankruptcy protection yesterday and said it would lay off 3,200 employees, more than half its workforce.
These companies specialized in "subprime" loans, generally offered to people with blemished credit or insufficient cash for a down payment. Subprime mortgages, which accounted for $600 billion, or about 20 percent, of all new home loans last year, were the main reason millions of working-class Americans were able to buy homes they otherwise could not afford.
Many of these mortgages did not require down payments or had low teaser interest rates that leaped after the first two or three years. Delinquency rates on these mortgages have soared in recent months, prompting Wall Street to cut off funds for companies like New Century.
Obama started the Bullshit up again ..
https://www.google.com/amp/s/nypost...-setting-us-up-for-another-housing-crash/amp/
Obama is setting us up for another housing crash
By Paul Sperry
March 12, 2016 | 3:00pm
For starters, mortgage-software firm Ellie Mae reports that the average FICO credit score of an approved home loan plunged to 719 in January (the latest month for which data is available) from 731 a year earlier, and well below 2011’s peak of 750.
It’s a dangerous sign lenders are loosening underwriting standards. Lower FICO scores correlate with higher risk of loan default.
The Federal Housing Administration is a big reason for falling credit scores. So are Fannie Mae and Freddie Mac. The government housing agencies have slashed credit requirements under pressure from the Obama administration — like the Clinton administration before it — to qualify more immigrants and minorities with low incomes and “less-than-perfect credit.”
Holyfuckingshit, not this shit again.LOLOLI'm a hypocrite? Obama doubled the debt and you're quiet. Bush had a terrorist attack that he had to deal with and you bitch? Bush has been out of office over a decade, why is it always about Bush?
It definitely wasn't the worst economy since the great depression. OBAMA MADE IT THAT.
That's ok. A real president, Trump, has stepped up to the plate and the economy is busting 4 percent GDP. Record everything. We are rockin' along!
Trump hasn’t had 4% GDP yet. And his first year came in at 2.3%, despite his prediction it would be as high as 6%.
And yes, you are a hypocrite. You demonstrated nearly doubling the debt meant nothing to you when Bush did it; but you cry like a bitch when Obama did it.
And the worst economy, with negative 8 percent GDP, 700,000 jobs lost in a month, and crashing stock market, housing markets and credit markets all occurred under Bush and was passed onto Obama; who turned that into positive GDP, longest streak of net jobs gained, and a record high stock market.
And when did the economy tank? As soon as the democrats took the senate and house! LOL Bush couldn't do anything, you seem to forget the senate and house have to pass any measures, and those were full libtard.
So you can thank liberals for the crappy economy under Bush.
Obama was the only president in history that did not preside over a single year of 3% GDP growth. Trump has already smashed that.
Moron.... the economy tanked after years of toxic loans finally took the credit markets down, starting with New Century Financial, which filed bankruptcy in early 2007. The 110th Congress had absolutely nothing to do with that.
Huge Mortgage Lender Files for Bankruptcy
Tuesday, April 3, 2007
New Century Financial, a lender that came to symbolize the fast-and-loose mortgage practices of recent years, filed for bankruptcy protection yesterday and said it would lay off 3,200 employees, more than half its workforce.
These companies specialized in "subprime" loans, generally offered to people with blemished credit or insufficient cash for a down payment. Subprime mortgages, which accounted for $600 billion, or about 20 percent, of all new home loans last year, were the main reason millions of working-class Americans were able to buy homes they otherwise could not afford.
Many of these mortgages did not require down payments or had low teaser interest rates that leaped after the first two or three years. Delinquency rates on these mortgages have soared in recent months, prompting Wall Street to cut off funds for companies like New Century.
Obama started the Bullshit up again ..
https://www.google.com/amp/s/nypost...-setting-us-up-for-another-housing-crash/amp/
Obama is setting us up for another housing crash
By Paul Sperry
March 12, 2016 | 3:00pm
For starters, mortgage-software firm Ellie Mae reports that the average FICO credit score of an approved home loan plunged to 719 in January (the latest month for which data is available) from 731 a year earlier, and well below 2011’s peak of 750.
It’s a dangerous sign lenders are loosening underwriting standards. Lower FICO scores correlate with higher risk of loan default.
The Federal Housing Administration is a big reason for falling credit scores. So are Fannie Mae and Freddie Mac. The government housing agencies have slashed credit requirements under pressure from the Obama administration — like the Clinton administration before it — to qualify more immigrants and minorities with low incomes and “less-than-perfect credit.”
Wrong.
Holyfuckingshit, not this shit again.LOLOL
Trump hasn’t had 4% GDP yet. And his first year came in at 2.3%, despite his prediction it would be as high as 6%.
And yes, you are a hypocrite. You demonstrated nearly doubling the debt meant nothing to you when Bush did it; but you cry like a bitch when Obama did it.
And the worst economy, with negative 8 percent GDP, 700,000 jobs lost in a month, and crashing stock market, housing markets and credit markets all occurred under Bush and was passed onto Obama; who turned that into positive GDP, longest streak of net jobs gained, and a record high stock market.
And when did the economy tank? As soon as the democrats took the senate and house! LOL Bush couldn't do anything, you seem to forget the senate and house have to pass any measures, and those were full libtard.
So you can thank liberals for the crappy economy under Bush.
Obama was the only president in history that did not preside over a single year of 3% GDP growth. Trump has already smashed that.
Moron.... the economy tanked after years of toxic loans finally took the credit markets down, starting with New Century Financial, which filed bankruptcy in early 2007. The 110th Congress had absolutely nothing to do with that.
Huge Mortgage Lender Files for Bankruptcy
Tuesday, April 3, 2007
New Century Financial, a lender that came to symbolize the fast-and-loose mortgage practices of recent years, filed for bankruptcy protection yesterday and said it would lay off 3,200 employees, more than half its workforce.
These companies specialized in "subprime" loans, generally offered to people with blemished credit or insufficient cash for a down payment. Subprime mortgages, which accounted for $600 billion, or about 20 percent, of all new home loans last year, were the main reason millions of working-class Americans were able to buy homes they otherwise could not afford.
Many of these mortgages did not require down payments or had low teaser interest rates that leaped after the first two or three years. Delinquency rates on these mortgages have soared in recent months, prompting Wall Street to cut off funds for companies like New Century.
Obama started the Bullshit up again ..
https://www.google.com/amp/s/nypost...-setting-us-up-for-another-housing-crash/amp/
Obama is setting us up for another housing crash
By Paul Sperry
March 12, 2016 | 3:00pm
For starters, mortgage-software firm Ellie Mae reports that the average FICO credit score of an approved home loan plunged to 719 in January (the latest month for which data is available) from 731 a year earlier, and well below 2011’s peak of 750.
It’s a dangerous sign lenders are loosening underwriting standards. Lower FICO scores correlate with higher risk of loan default.
The Federal Housing Administration is a big reason for falling credit scores. So are Fannie Mae and Freddie Mac. The government housing agencies have slashed credit requirements under pressure from the Obama administration — like the Clinton administration before it — to qualify more immigrants and minorities with low incomes and “less-than-perfect credit.”
Wrong.
Facts are facts...
Holyfuckingshit, not this shit again.And when did the economy tank? As soon as the democrats took the senate and house! LOL Bush couldn't do anything, you seem to forget the senate and house have to pass any measures, and those were full libtard.
So you can thank liberals for the crappy economy under Bush.
Obama was the only president in history that did not preside over a single year of 3% GDP growth. Trump has already smashed that.
Moron.... the economy tanked after years of toxic loans finally took the credit markets down, starting with New Century Financial, which filed bankruptcy in early 2007. The 110th Congress had absolutely nothing to do with that.
Huge Mortgage Lender Files for Bankruptcy
Tuesday, April 3, 2007
New Century Financial, a lender that came to symbolize the fast-and-loose mortgage practices of recent years, filed for bankruptcy protection yesterday and said it would lay off 3,200 employees, more than half its workforce.
These companies specialized in "subprime" loans, generally offered to people with blemished credit or insufficient cash for a down payment. Subprime mortgages, which accounted for $600 billion, or about 20 percent, of all new home loans last year, were the main reason millions of working-class Americans were able to buy homes they otherwise could not afford.
Many of these mortgages did not require down payments or had low teaser interest rates that leaped after the first two or three years. Delinquency rates on these mortgages have soared in recent months, prompting Wall Street to cut off funds for companies like New Century.
Obama started the Bullshit up again ..
https://www.google.com/amp/s/nypost...-setting-us-up-for-another-housing-crash/amp/
Obama is setting us up for another housing crash
By Paul Sperry
March 12, 2016 | 3:00pm
For starters, mortgage-software firm Ellie Mae reports that the average FICO credit score of an approved home loan plunged to 719 in January (the latest month for which data is available) from 731 a year earlier, and well below 2011’s peak of 750.
It’s a dangerous sign lenders are loosening underwriting standards. Lower FICO scores correlate with higher risk of loan default.
The Federal Housing Administration is a big reason for falling credit scores. So are Fannie Mae and Freddie Mac. The government housing agencies have slashed credit requirements under pressure from the Obama administration — like the Clinton administration before it — to qualify more immigrants and minorities with low incomes and “less-than-perfect credit.”
Wrong.
Facts are facts...
Ys they are but these are not the causes of the housing crash.
Holyfuckingshit, not this shit again.
Moron.... the economy tanked after years of toxic loans finally took the credit markets down, starting with New Century Financial, which filed bankruptcy in early 2007. The 110th Congress had absolutely nothing to do with that.
Huge Mortgage Lender Files for Bankruptcy
Tuesday, April 3, 2007
New Century Financial, a lender that came to symbolize the fast-and-loose mortgage practices of recent years, filed for bankruptcy protection yesterday and said it would lay off 3,200 employees, more than half its workforce.
These companies specialized in "subprime" loans, generally offered to people with blemished credit or insufficient cash for a down payment. Subprime mortgages, which accounted for $600 billion, or about 20 percent, of all new home loans last year, were the main reason millions of working-class Americans were able to buy homes they otherwise could not afford.
Many of these mortgages did not require down payments or had low teaser interest rates that leaped after the first two or three years. Delinquency rates on these mortgages have soared in recent months, prompting Wall Street to cut off funds for companies like New Century.
Obama started the Bullshit up again ..
https://www.google.com/amp/s/nypost...-setting-us-up-for-another-housing-crash/amp/
Obama is setting us up for another housing crash
By Paul Sperry
March 12, 2016 | 3:00pm
For starters, mortgage-software firm Ellie Mae reports that the average FICO credit score of an approved home loan plunged to 719 in January (the latest month for which data is available) from 731 a year earlier, and well below 2011’s peak of 750.
It’s a dangerous sign lenders are loosening underwriting standards. Lower FICO scores correlate with higher risk of loan default.
The Federal Housing Administration is a big reason for falling credit scores. So are Fannie Mae and Freddie Mac. The government housing agencies have slashed credit requirements under pressure from the Obama administration — like the Clinton administration before it — to qualify more immigrants and minorities with low incomes and “less-than-perfect credit.”
Wrong.
Facts are facts...
Ys they are but these are not the causes of the housing crash.
It was the cause
Holyfuckingshit, not this shit again.
Moron.... the economy tanked after years of toxic loans finally took the credit markets down, starting with New Century Financial, which filed bankruptcy in early 2007. The 110th Congress had absolutely nothing to do with that.
Huge Mortgage Lender Files for Bankruptcy
Tuesday, April 3, 2007
New Century Financial, a lender that came to symbolize the fast-and-loose mortgage practices of recent years, filed for bankruptcy protection yesterday and said it would lay off 3,200 employees, more than half its workforce.
These companies specialized in "subprime" loans, generally offered to people with blemished credit or insufficient cash for a down payment. Subprime mortgages, which accounted for $600 billion, or about 20 percent, of all new home loans last year, were the main reason millions of working-class Americans were able to buy homes they otherwise could not afford.
Many of these mortgages did not require down payments or had low teaser interest rates that leaped after the first two or three years. Delinquency rates on these mortgages have soared in recent months, prompting Wall Street to cut off funds for companies like New Century.
Obama started the Bullshit up again ..
https://www.google.com/amp/s/nypost...-setting-us-up-for-another-housing-crash/amp/
Obama is setting us up for another housing crash
By Paul Sperry
March 12, 2016 | 3:00pm
For starters, mortgage-software firm Ellie Mae reports that the average FICO credit score of an approved home loan plunged to 719 in January (the latest month for which data is available) from 731 a year earlier, and well below 2011’s peak of 750.
It’s a dangerous sign lenders are loosening underwriting standards. Lower FICO scores correlate with higher risk of loan default.
The Federal Housing Administration is a big reason for falling credit scores. So are Fannie Mae and Freddie Mac. The government housing agencies have slashed credit requirements under pressure from the Obama administration — like the Clinton administration before it — to qualify more immigrants and minorities with low incomes and “less-than-perfect credit.”
Wrong.
Facts are facts...
Ys they are but these are not the causes of the housing crash.
It was the cause
Obama started the Bullshit up again ..
https://www.google.com/amp/s/nypost...-setting-us-up-for-another-housing-crash/amp/
Obama is setting us up for another housing crash
By Paul Sperry
March 12, 2016 | 3:00pm
For starters, mortgage-software firm Ellie Mae reports that the average FICO credit score of an approved home loan plunged to 719 in January (the latest month for which data is available) from 731 a year earlier, and well below 2011’s peak of 750.
It’s a dangerous sign lenders are loosening underwriting standards. Lower FICO scores correlate with higher risk of loan default.
The Federal Housing Administration is a big reason for falling credit scores. So are Fannie Mae and Freddie Mac. The government housing agencies have slashed credit requirements under pressure from the Obama administration — like the Clinton administration before it — to qualify more immigrants and minorities with low incomes and “less-than-perfect credit.”
Wrong.
Facts are facts...
Ys they are but these are not the causes of the housing crash.
It was the cause
No they weren't and if you had a clue abut the financial services industry you would understand that.
