What more proof is needed that Clinton is a Marxist?
I spend within my limits, I certainly don't want to pay (in higher taxes) for all the morons who can't.
What part of 'Adjustable' in 'adjustable rate mortgage' did these people not understand when they bought that $850,000 house?

I saw an interview yesterday on a woman who was complaining she had just bought her first home and now her payment was going to double. First off, most lenders tell you to read the fine print about rate adjustment, but it is tedious so people avoid it. Second....and most important...the woman was.........71 years old. What clown lender wrote a brand new adjustable mortgage to a person who could not possibly live out the time to pay the debt???? Where was underwriting on that one?

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An unwavering defender of those I see worth protecting.

"promote the general welfare, not provide the general welfare"

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

I'm with you guys on this one. If we indeed live in a Capitalist country, then there is NO WAY that the government should bail anyone out of this one, including the banks. Otherwise this is going to turn out to be just like the Savings & Loans bailout in the early 90s. I don't pay taxes so that that government can give corporate welfare to some business that made poor decisions. If they made poor decisions, then they deserve to go bankrupt.

If someone wants to change this economy to socialist, then that is a whole other subject. But if we are capitalist, then we are capitalist. Don't say we are capitalist, but then do socialist things. It is either one way or the other. Capitalism means "free market", i.e. the government keeps out of it.

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my experience on X5world when I spend too much
time posting in political threads in the lounge...

So is the Clinton going to bail me out when I can't make the payments on my new M3, my Aston Martin, my new Ferrari and my Donzi speedboat?

Don't fool yourself into thinking that their goal is to bail out the poor people who are losing their homes. The goal here is to bail out the mortgage companies who are in danger of going out of business if there are too many forclosures. As is usual for Washington politicians, they don't give a crap about normal people, but they care deeply about the big corporations who donate millions of dollars to their campaigns.

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my experience on X5world when I spend too much
time posting in political threads in the lounge...

I am TERRIFIED of the prospect of that woman coming to power.

What's wrong with that? It is the mortgage companies that make up a HUGE chunk of Wallstreet which is where the world gets its money (cough cough, oil and gas wouldn't cost nearly as much if it weren't for futures trading).

It's those large banks that keep the world going. You don't think BMW has a couple 100 loans out? Or any major business for that matter? Everything revolves around loans now, houses, health care companies, banks, cars, fuel, food...everything. To let it fall apart would doom the whole modernized world.

__________________

An unwavering defender of those I see worth protecting.

"promote the general welfare, not provide the general welfare"

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

Doom........Now that's a thought...........

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"What you hear in a great jazz band is the sound of democracy. “The jazz band works best when participation is shaped by intelligent communication.”
Harmony happens whenever different parts get to form a whole by means of congruity, concord, symetry, consistency, conformity, correspondence, agreement, accord, unity, consonance…….

Name ONE corporation that doesn't require a loan...for either themselves or one of their customers.

__________________

An unwavering defender of those I see worth protecting.

"promote the general welfare, not provide the general welfare"

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.