Rare photo of Donny B and Lbud together.



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Originally Posted by Guest

Rare photo of Donny B and Lbud together.


Sent from my SM-T580 using Tapatalk

A woman...typical response...got nothing REAL to say so you attack the messenger.

I can be childish too...

Oh look...it's CHI...

Originally Posted by Guest

A woman...typical response...got nothing REAL to say so you attack the messenger.

I can be childish too...

Oh look...it's CHI...

😂👏

Originally Posted by Guest

CRA wasn't the problem.

Derivatives/CDO's, that were contrived by mixing in high risk loans and low risk ones then rated AAA for the whole package...WAS the root of the problem.

If the high risk loans stood on their own, then the secondary mortgage market would have rejected them and banks/mortgage companies would have stopped (or vastly reduced) the number of high risk loans they made...because they couldn't dump them off on someone else.

Those who try to lay the problems at the feet of a political party...are just ignorant simpletons.

My biggest disappointment with Obama, is that he didn't put a whole bunch of the rating agencies scumbags...in prison!!



Deepest Sincere Wishes:

If they'd (read dim bulbs) had never created the shiat they ( read dim bulbs) never would have had to mix them with the sugar...

Originally Posted by Guest

CRA wasn't the problem.

Derivatives/CDO's, that were contrived by mixing in high risk loans and low risk ones then rated AAA for the whole package...WAS the root of the problem.

If the high risk loans stood on their own, then the secondary mortgage market would have rejected them and banks/mortgage companies would have stopped (or vastly reduced) the number of high risk loans they made...because they couldn't dump them off on someone else.

Those who try to lay the problems at the feet of a political party...are just ignorant simpletons.

My biggest disappointment with Obama, is that he didn't put a whole bunch of the rating agencies scumbags...in prison!!



Deepest Sincere Wishes:

I noticed that you did not mention the fault of Fanny/Freddy in the mortgage collapse. Giving loans to anyone, regardless of their ability to make payments is irresponsible. To even allow private citizens, to push private citizens into adjustable rate mortgages was irresponsible. And after five years when those ARM's suddenly increased in interest rate and those home owners decided to walk away from those loans, that was also irresponsible. And Obama allowing them loan forgiveness was only condoning such irresponsible practice.

Bush attempted on many occasions to get Fanny/Freddy audited, but Barney Frank refused. I am not blaming anyone in particular for this mess, but banks being forced to give loans to EVERYONE is part of the problem. Clinton said "everyone should own a home" in America. I don't agree. Not everyone can afford a home in America.

Originally Posted by Guest

If they'd (read dim bulbs) had never created the shiat they ( read dim bulbs) never would have had to mix them with the sugar...

Exactly... Liberals forced banks to make BAD loans...so the banks figured out a way to sell that sh!t off to the greater fool.

The ENTIRE financial industry...is a giant ponzi.

That money, those loans...were made out of thin air. The banks had no "equity" in them. It's MISSED INTEREST payments that they worry about.

A bank gets "credit" from the Federal reserve banks and then uses that credit to issue loans. Their credit to the federal reserve is all the bank has on the hook. The Federal Reserve has $4 trillion on the books...with NOTHING to back it up...but faith. Our monetary system runs on faith.

Originally Posted by Guest

I noticed that you did not mention the fault of Fanny/Freddy in the mortgage collapse. Giving loans to anyone, regardless of their ability to make payments is irresponsible. To even allow private citizens, to push private citizens into adjustable rate mortgages was irresponsible. And after five years when those ARM's suddenly increased in interest rate and those home owners decided to walk away from those loans, that was also irresponsible. And Obama allowing them loan forgiveness was only condoning such irresponsible practice.

Bush attempted on many occasions to get Fanny/Freddy audited, but Barney Frank refused. I am not blaming anyone in particular for this mess, but banks being forced to give loans to EVERYONE is part of the problem. Clinton said "everyone should own a home" in America. I don't agree. Not everyone can afford a home in America.

Not "everyone" is CAPABLE of owning a home. Face it. Look at black/hispanic parts of town, their houses...wrecks. Look what they do to a city...wreck it. They wreck entire countries too. They're NOT us...they're INCAPABLE of doing what we do. We MUST understand this and act accordingly.

Liberals are destroying us through forced diversity.