How do we stop "the poor" from being so problematic?

[Ray From Cleveland]

actually, that's exactly what they told them.

The government did not tell the banks to forgo their standard vetting process.

BTW, the majority of foreclosures were from private lenders.

Lenders were turning away conventional mortgages and requesting more sub-prime mortgages because they could make much higher fees and commissions on the high interest rate, high risk mortgages. People with no money down, and no jobs were encouraged to buy homes they couldn't afford, and to lie on their application forms, to line the pockets of mortgage brokers and banks.

It was flat out greed by the big banks and brokerage houses and had absolutely nothing to do with lending to minorities in poor neighbourhoods. This was middle class white people buying two and three properties because mortgage brokers were glad-handing money around like it would never have to be paid back.

Oh please, you mean to tell me in this age of communication, that somebody could lie about their financial status and get away with buying a home????

0% down and no credit check was instituted by the federal government. It was catered to minority and poor borrowers. Banks only made money on making the loans--not financing them. After the bank made the loans, they sold them off to the market. You couldn't sell off a loan unless it complied with F and F standards.

The banks knew they were unethical, if not criminal, in approving loans to people who couldn't make the payments. I had a friend who got out of the business for that reason. He wasn't under any directive to write loans to minorities, either. Just loan to anyone who was breathing, and get while the getting was good, he was ordered. Seems like nothing happens to the bankers. The great obama never went after these bankers and wall streeters for what they caused, either.

Correct, the banks knew what was going on, but government set the standards, and they just followed them.

Banks don't have "minority" loans. So if they want to have more minority clients, they have to drop the standards for all their customers. That's what happened and that's why everybody helped bring down the market.

At the time, I lost two good tenants who purchased homes. They paid their rent on time, but there is no way they would have qualified for a home loan five years earlier. They were both over extended on their credit and neither had much of a savings account. In fact, one of those tenants didn't even own his television set. He rented it.

Mortgage Meltdown: What Happens When Government Tries to "Do Good"

 

[usmbguest5318]

Whatta ya say?

I say let evolution unfettered do its job.

 

[P@triot]

The crime committed by the rich is much worse than that done by the poor.

Really? So Bernie Maedoff running a Ponzi Scheme is worse than murder in your mind?

 

[P@triot]

The wealthy own the politicians. The wealthy profit from war.......the poor fights them

Well, considering that the poor insist they are entitled to what everyone else has earned, the least they can do is serve their country one time.

 

[danielpalos]

The crime committed by the rich is much worse than that done by the poor.

Really? So Bernie Maedoff running a Ponzi Scheme is worse than murder in your mind?

it could be a matter of degree; the owner of the White Star line made money when the Titanic sank.

 

[danielpalos]

The wealthy own the politicians. The wealthy profit from war.......the poor fights them

Well, considering that the poor insist they are entitled to what everyone else has earned, the least they can do is serve their country one time.

Wartime tax rates on the rich, or I am not going.

 

[rightwinger]

Our poor are our worst parents...they create more of their same.

The rich are worse

Our poor suck the most government tit.

The rich are worse

Our poor commits the most crime.

The rich are worse

Our poor does the most drugs.

The rich are worse

Our poor litters and vandalizes the most.

The rich are worse

Our poor commits the most animal cruelty.

The rich are worse

let's not deflect and divert to Wall Street criminals, big corporations..blah, blah, blah...Let's get real, let's get serious about our taxpayer draining bottom feeders....Whatta ya say?

It's not deflection if it is true. The rich raise sniveling entitled brats. They recieve more subsidies and breaks than everyone else. Most of them do cocaine and other hard drugs. They destroy ecosystems to put up their luxury mansions and mega-malls. They consume and monopolize the most resources. They slaughter trillions of animals each year to package into food products and market to fat American consumers.

Just the facts.

Very true

The crime committed by the rich is much worse than that done by the poor . But with accountants and a team of lawyers they get off unchecked.

Ecological damage done in the name of greed is far worse than littering and graffiti done by the poor

Alert us when the rich start drive by shooting each other, then maybe it's a concern .

Let's start with your President. How many contractors has he stiffed? How many businesses were shuttered because Trump encouraged small sub-trades to do work for him and he stiffed them. 3000 lawsuits. How much money has it cost the taxpayers to pay for the court staff to process those 3000 lawsuits? How much time and taxpayer money has been spent by Donald Trump on lawsuits to avoid paying subcontractors? How much time and taxpayer money has he spent fighting his property tax bills?

Trump has been an enormous drain on the US economy with his bankruptcies and lawsuits, not to mention the $25 million in damages he had to pay over the Trump University con game. I've read that this amount is a gift, that the actual amount of the fraud was closer to $125 million.

If Trump had not been elected President, he would have fought those bogus lawsuits right until the end. He didn't have time to mess around with them as he had before. More than likely, he would have won those suits as well. There were plenty of people that were satisfied with his school.

Spoken like a true loser

 

[rightwinger]

The wealthy own the politicians. The wealthy profit from war.......the poor fights them

Well, considering that the poor insist they are entitled to what everyone else has earned, the least they can do is serve their country one time.

Our wealthy are the entitled ones
They receive more from the government than the poor ever would

 

[P@triot]

Wartime tax rates on the rich, or I am not going.

The wealthy have had "wartime taxes" on them for over a hundred years now. I guess you're going! Bye Felecia...

 

[BrokeLoser]

The wealthy own the politicians. The wealthy profit from war.......the poor fights them

Well, considering that the poor insist they are entitled to what everyone else has earned, the least they can do is serve their country one time.

Our wealthy are the entitled ones
They receive more from the government than the poor ever would

Really....how's that?

 

[danielpalos]

Wartime tax rates on the rich, or I am not going.

The wealthy have had "wartime taxes" on them for over a hundred years now. I guess you're going! Bye Felecia...

they don't now.

 

[P@triot]

Our wealthy are the entitled ones They receive more from the government than the poor ever would

No matter how much you lie - you can't change reality. Bill Gates, Steve Jobs, etc. never received shit from the government. The government just took from them.

 

[P@triot]

Wartime tax rates on the rich, or I am not going.

The wealthy have had "wartime taxes" on them for over a hundred years now. I guess you're going! Bye Felecia...

they don't now.

38% rate by the federal government alone is more than "wartime". We should all have a 10% flat rate across the board.

 

[rightwinger]

The wealthy own the politicians. The wealthy profit from war.......the poor fights them

Well, considering that the poor insist they are entitled to what everyone else has earned, the least they can do is serve their country one time.

Our wealthy are the entitled ones
They receive more from the government than the poor ever would

Really....how's that?

The government trains their workforce for them, they provide roads, infrastructure, electric, communications networks, they provide security at home and abroad, a stable currency, a legal system to protect them protection of overseas markets

That's a lot more than a stink'n Obamaphone

 

[rightwinger]

Our wealthy are the entitled ones They receive more from the government than the poor ever would

No matter how much you lie - you can't change reality. Bill Gates, Steve Jobs, etc. never received shit from the government. The government just took from them.

What a naive statement

 

[P@triot]

The government trains their workforce for them, they provide roads, infrastructure, electric, communications networks, they provide security at home and abroad, a stable currency, a legal system to protect them protection of overseas markets

The government did not "provide" that you nitwit. The wealthy paid for all of that and then some. That was all built by taxes taken from the wealthy.

Would you like to try any other lies, snowflake?

 

[BrokeLoser]

The wealthy own the politicians. The wealthy profit from war.......the poor fights them

Well, considering that the poor insist they are entitled to what everyone else has earned, the least they can do is serve their country one time.

Our wealthy are the entitled ones
They receive more from the government than the poor ever would

Really....how's that?

The government trains their workforce for them, they provide roads, infrastructure, electric, communications networks, they provide security at home and abroad, a stable currency, a legal system to protect them protection of overseas markets

That's a lot more than a stink'n Obamaphone

Oh I see...you're referring to the few WEALTHY government employees....gotcha.
So those few receive more from government and taxpayers than the tens of millions of filthy piece of shits this country has become home to?

 

[SmokeALib]

Stop giving them other people's money.
Maybe they'll just go away.

 

[Skull Pilot]

The rich are worse

The rich are worse

The rich are worse

The rich are worse

The rich are worse

The rich are worse

It's not deflection if it is true. The rich raise sniveling entitled brats. They recieve more subsidies and breaks than everyone else. Most of them do cocaine and other hard drugs. They destroy ecosystems to put up their luxury mansions and mega-malls. They consume and monopolize the most resources. They slaughter trillions of animals each year to package into food products and market to fat American consumers.

Just the facts.

Very true

The crime committed by the rich is much worse than that done by the poor . But with accountants and a team of lawyers they get off unchecked.

Ecological damage done in the name of greed is far worse than littering and graffiti done by the poor

Alert us when the rich start drive by shooting each other, then maybe it's a concern .

Drive by shootings are for amateurs

The rich start wars....that's where the real killing is
I've never seen a poor person start a war or profit from one

politicians start wars

The wealthy own the politicians

The wealthy profit from war.......the poor fights them

by choice

it's a volunteer military

 

[rightwinger]

The government trains their workforce for them, they provide roads, infrastructure, electric, communications networks, they provide security at home and abroad, a stable currency, a legal system to protect them protection of overseas markets

The government did not "provide" that you nitwit. The wealthy paid for all of that and then some. That was all built by taxes taken from the wealthy.

Would you like to try any other lies, snowflake?

No...We the People provide through where our tax dollars get allocated. The poor have very little clout as to where our tax dollars go.......the wealthy have their congressmen on speed dial