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Originally Posted by Guest
And these forced subpar loans took down the financial industry. The banks didn't want that sh!t, so they packaged them and sold them to the greater fool. It eventually led to the mortgage and housing meltdown.
Damn minorities, if they weren't here they wouldn't be causing all these problems. They're NOT like us, WHY do we keep trying to get them integrated? It hasn't worked, it doesn't work, it'll NEVER work.
We've WASTED $trillion and $trillion on these "people"...why? When will we learn? When will we wake up?
Lincoln said it, we're TOO different to ever live together.
How disable to get away with not contributing? Who decides? Half the "disabled" aren't really.
You government is completely corrupt. It's time to start over. That is the ONLY solution. Voting for another D or R certainly won't fix anything.
Corporations pay lots of money to have "their" politician elected. Then "their" politician enacts laws or appoints people who are VERY friendly towards the generous corporation.
That's your government in a nut shell. Your job is to work and pay taxes. That's all your government really cares about you.
Welfare for the poor being an example. The government doesn't want welfare so the poor are better off...they want welfare so the corporations can make a buck. Welfare money goes to the people and then is spent on the corporations products. Take SNAP, food stamps, they're pushed by the corporations who make the food that those on welfare eat. JP Morgan bank runs the snap card program, they get a cut of every transaction.
We're being played, slowly robbed, slowly strangled.
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The Gvt also ever decade or so wants your sons usually 18 . 19 and 20 year olds to go to some foreign land and risk their lives for some political point .
You are right about the banks being forced to write mortgages to people who would not normally have a prayer of qualifying .
However the Gvt said --- don`t worry about the risk --you can pass it off to us thru two agencies -- Freddie Mac or Fannie Mae .
It was so bad just to give you a couple of examples --- the " new home-owners " would call the Bank and tell anyone that someone needed to come over and unplug their toilet , or mow the lawn .
WE found new home-owners who would open their windows in the winter to cool down the house while the them-ostat was sitting at the max !
So we began a series of mandatory classes for new would be homeowners where they had less than 10% down and guess what ! The Regulators said that we were being Racist .
We did not want to make such loans . We were ordered to by the
Democrat Administration of Billy Clinton . Until eventually there was such a huge pile of these ugly loans nationally that BANG ! The entire thing just blew up and who took the blame ? Not Billy and his merry band of bureaucrats !