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IVNORD View Drop Down
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Points: 1191 		Direct Link To This Post Topic: $700 billion from us to save the banks. Good?
    Posted: October 19 2008 at 19:09
Originally posted by Slartibartfast Slartibartfast wrote:

Federal Reserve Board data show that:

  • More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
  • Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
  • Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics.

So what's your point? Those private firms are responsible?
 
Here is a prtty good article on the subject we've touched upon before
 
 
This is how both parties care
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Slartibartfast View Drop Down
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Points: 29630 		Direct Link To This Post Posted: October 19 2008 at 07:23

Federal Reserve Board data show that:

  • More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
  • Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
  • Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics.
Released date are often when it it impacted you but recorded dates are when it really happened...
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Points: 16715 		Direct Link To This Post Posted: October 14 2008 at 20:35
Originally posted by crimhead crimhead wrote:

Originally posted by Henry Plainview Henry Plainview wrote:

Originally posted by crimhead crimhead wrote:

I think that it is time for another economic stimulus check. How about if we gave everybody $1000 instead of giving the 700 billion to corporations.
 
Who's with me? Who couldn't use another $1000 to fill up the tank of their car?
Are you joking, or do you not realize why that's a terrible idea?


Lighten up Francis,....it was all tongue in cheek.
It's hard to tell here, sometimes.
if you own a sodastream i hate you
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Jim Garten View Drop Down
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Points: 14693 		Direct Link To This Post Posted: October 14 2008 at 07:37
Originally posted by Syzygy Syzygy wrote:

In London that wouldn't even get you a 2 bedroom flat. Property prices are going into free fall in the capital, which is actually not bad news for teachers, nurses, policemen and all those other insignificant little people who have had the bottom rung of the property ladder jerked out of reach for so long. It's an ill wind and all that.


Agreed - it was reported last night on the BBC that the highest falls in the private property sector have been in the 'luxury' end of the new apartment/flat/warehouse conversions end of the market - all the properties built in the last few years to supply the demand for top-end apartments which never materialised - now city centre property developers are going bust left right & centre...

Hmmm... do I feel sorry for them??

Jon Lord 1941 - 2012
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Points: 29630 		Direct Link To This Post Posted: October 14 2008 at 06:12
Now, if they could just spend a little to save us from the banks. LOL

Edited by Slartibartfast - October 14 2008 at 06:12
Released date are often when it it impacted you but recorded dates are when it really happened...
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Points: 19236 		Direct Link To This Post Posted: October 13 2008 at 14:42
Originally posted by Henry Plainview Henry Plainview wrote:

Originally posted by crimhead crimhead wrote:

I think that it is time for another economic stimulus check. How about if we gave everybody $1000 instead of giving the 700 billion to corporations.
 
Who's with me? Who couldn't use another $1000 to fill up the tank of their car?
Are you joking, or do you not realize why that's a terrible idea?


Lighten up Francis,....it was all tongue in cheek.
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Henry Plainview View Drop Down
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Points: 16715 		Direct Link To This Post Posted: October 12 2008 at 21:10
Originally posted by crimhead crimhead wrote:

I think that it is time for another economic stimulus check. How about if we gave everybody $1000 instead of giving the 700 billion to corporations.
 
Who's with me? Who couldn't use another $1000 to fill up the tank of their car?
Are you joking, or do you not realize why that's a terrible idea?
if you own a sodastream i hate you
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crimhead View Drop Down
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Points: 19236 		Direct Link To This Post Posted: October 12 2008 at 18:52
I think that it is time for another economic stimulus check. How about if we gave everybody $1000 instead of giving the 700 billion to corporations.
 
Who's with me? Who couldn't use another $1000 to fill up the tank of their car?
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stonebeard View Drop Down
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Points: 28057 		Direct Link To This Post Posted: October 12 2008 at 18:48
Originally posted by Vibrationbaby Vibrationbaby wrote:

I think it's time to go on a witch hunt. Organize posseys. Go after these fat cats. Anarchy.



Originally posted by Vibrationbaby Vibrationbaby wrote:

Organize.


Originally posted by Vibrationbaby Vibrationbaby wrote:

Anarchy.


=/


Edited by stonebeard - October 12 2008 at 18:48
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BaldJean View Drop Down
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Points: 10387 		Direct Link To This Post Posted: October 12 2008 at 18:38
Originally posted by IVNORD IVNORD wrote:

Originally posted by BaldJean BaldJean wrote:

to lay the blame on the expansion of affordable housing is indeed a myth and nothing but a myth. but we will hear that drivel again and again. banks don't make or lose their money with that; it is the stock market where the money is lost and won
You have to do some serious reading on the subject

believe me, I did


A shot of me as High Priestess of Gaia during our fall festival. Ceterum censeo principiis obsta
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IVNORD View Drop Down
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Points: 1191 		Direct Link To This Post Posted: October 12 2008 at 17:30
Originally posted by BaldJean BaldJean wrote:

to lay the blame on the expansion of affordable housing is indeed a myth and nothing but a myth. but we will hear that drivel again and again. banks don't make or lose their money with that; it is the stock market where the money is lost and won
You have to do some serious reading on the subject
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IVNORD View Drop Down
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Points: 1191 		Direct Link To This Post Posted: October 12 2008 at 17:28
Originally posted by Slartibartfast Slartibartfast wrote:

Originally posted by Henry Plainview Henry Plainview wrote:

Originally posted by IVNORD IVNORD wrote:

Originally posted by Slartibartfast Slartibartfast wrote:

Myths and falsehoods about the purported link between affordable housing initiatives and the financial crisis

Summary: Conservative and other media figures -- echoing a reported strategy on the part of Republicans -- have attempted to lay blame for the financial crisis on proponents of the expansion of affordable housing. Those attacks are premised on several myths and falsehoods.


http://mediamatters.org/items/200810100022
You manage to find the worst propaganda drivel on the web. I wonder who are the "other media figures." Non-conservative? Read the liberal New York Times series,  the piece on Fannie in particular   http://topics.nytimes.com/top/news/business/series/the_reckoning/index.html
 
THey don't mention lots of facts and avoid mentioning Clinton altogether, but they are more objective than the one in your link
Seriously, Slartibartfast, your links are almost always atrocious.


It is seriously a badge of honor that you guys consider my links atrocious. LOL
It's  a badge of dubious honor.
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BaldJean View Drop Down
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Points: 10387 		Direct Link To This Post Posted: October 12 2008 at 15:17
to lay the blame on the expansion of affordable housing is indeed a myth and nothing but a myth. but we will hear that drivel again and again. banks don't make or lose their money with that; it is the stock market where the money is lost and won


A shot of me as High Priestess of Gaia during our fall festival. Ceterum censeo principiis obsta
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crimhead View Drop Down
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Points: 19236 		Direct Link To This Post Posted: October 12 2008 at 14:36
Originally posted by Vibrationbaby Vibrationbaby wrote:

I think it's time to go on a witch hunt. Organize posseys. Go after these fat cats. Anarchy.


It's about time somebody did.
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Points: 29630 		Direct Link To This Post Posted: October 12 2008 at 05:03
Originally posted by Henry Plainview Henry Plainview wrote:

Originally posted by IVNORD IVNORD wrote:

Originally posted by Slartibartfast Slartibartfast wrote:

Myths and falsehoods about the purported link between affordable housing initiatives and the financial crisis

Summary: Conservative and other media figures -- echoing a reported strategy on the part of Republicans -- have attempted to lay blame for the financial crisis on proponents of the expansion of affordable housing. Those attacks are premised on several myths and falsehoods.


http://mediamatters.org/items/200810100022
You manage to find the worst propaganda drivel on the web. I wonder who are the "other media figures." Non-conservative? Read the liberal New York Times series,  the piece on Fannie in particular   http://topics.nytimes.com/top/news/business/series/the_reckoning/index.html
 
THey don't mention lots of facts and avoid mentioning Clinton altogether, but they are more objective than the one in your link
Seriously, Slartibartfast, your links are almost always atrocious.


It is seriously a badge of honor that you guys consider my links atrocious. LOL

Kind of reminds me of whenever someone writes into my local paper complaining about a Mike Luckovich cartoon, the paper reprints the cartoon (reduced in size) along with the letter of complaint.



But you guys have to admit something, at least I do provide links. LOLWink



Edited by Slartibartfast - October 12 2008 at 05:14
Released date are often when it it impacted you but recorded dates are when it really happened...
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Vibrationbaby View Drop Down
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Points: 6898 		Direct Link To This Post Posted: October 11 2008 at 23:21
I think it's time to go on a witch hunt. Organize posseys. Go after these fat cats. Anarchy.
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Henry Plainview View Drop Down
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Points: 16715 		Direct Link To This Post Posted: October 11 2008 at 22:28
Originally posted by IVNORD IVNORD wrote:

Originally posted by Slartibartfast Slartibartfast wrote:

Myths and falsehoods about the purported link between affordable housing initiatives and the financial crisis

Summary: Conservative and other media figures -- echoing a reported strategy on the part of Republicans -- have attempted to lay blame for the financial crisis on proponents of the expansion of affordable housing. Those attacks are premised on several myths and falsehoods.


http://mediamatters.org/items/200810100022
You manage to find the worst propaganda drivel on the web. I wonder who are the "other media figures." Non-conservative? Read the liberal New York Times series,  the piece on Fannie in particular   http://topics.nytimes.com/top/news/business/series/the_reckoning/index.html
 
THey don't mention lots of facts and avoid mentioning Clinton altogether, but they are more objective than the one in your link
Seriously, Slartibartfast, your links are almost always atrocious.
if you own a sodastream i hate you
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IVNORD View Drop Down
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Points: 1191 		Direct Link To This Post Posted: October 11 2008 at 21:35
Originally posted by Slartibartfast Slartibartfast wrote:

Myths and falsehoods about the purported link between affordable housing initiatives and the financial crisis

Summary: Conservative and other media figures -- echoing a reported strategy on the part of Republicans -- have attempted to lay blame for the financial crisis on proponents of the expansion of affordable housing. Those attacks are premised on several myths and falsehoods.


http://mediamatters.org/items/200810100022
You manage to find the worst propaganda drivel on the web. I wonder who are the "other media figures." Non-conservative? Read the liberal New York Times series,  the piece on Fannie in particular   http://topics.nytimes.com/top/news/business/series/the_reckoning/index.html
 
THey don't mention lots of facts and avoid mentioning Clinton altogether, but they are more objective than the one in your link
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crimhead View Drop Down
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Points: 19236 		Direct Link To This Post Posted: October 11 2008 at 14:02
Originally posted by Slartibartfast Slartibartfast wrote:

Myths and falsehoods about the purported link between affordable housing initiatives and the financial crisis

Summary: Conservative and other media figures -- echoing a reported strategy on the part of Republicans -- have attempted to lay blame for the financial crisis on proponents of the expansion of affordable housing. Those attacks are premised on several myths and falsehoods.


http://mediamatters.org/items/200810100022


But being a stauch supporter of FauxNews I don't believe anything that comes from media matters. (tongue firmly planted in cheek)
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Slartibartfast View Drop Down
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Points: 29630 		Direct Link To This Post Posted: October 11 2008 at 07:42

Myths and falsehoods about the purported link between affordable housing initiatives and the financial crisis

Summary: Conservative and other media figures -- echoing a reported strategy on the part of Republicans -- have attempted to lay blame for the financial crisis on proponents of the expansion of affordable housing. Those attacks are premised on several myths and falsehoods.


http://mediamatters.org/items/200810100022
Released date are often when it it impacted you but recorded dates are when it really happened...
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