this problem is and was based on POWER and Greed of power
on the political front.. primarily democrats... but Bush bragged for record homeownership so I'll give him kudos in this fiasco as well
Greed on wallstreet... well,
greed is balanced in capitalism with RISK and risk was removed from the equation via government co-signing on billions of bad loans (in the name of political gain)
theoretically in capitalism, when one is too 'greedy' and doesn't account for 'risk' it faces FAILURE...
But given the recent government intervention... apparently failure is not an option.
thusly yielding this quasi-capitalism model???
*without failure, you cannot have success... for without one, you cannot properly define the other
Dollar Goes Down Along with Bailout Plan [View article]
my 10 reasons why we got here:
1. Fed/greenspan cuts rates to spark artificial demand of housing 2. Gov. fannie/freddie guarantee loans.. REMOVES RISK 3. Banks got nothing to lose! Gov. on hook... loan it! 4. Congress wants poor and minorities in houses...loosen restrictions 5. Loans guaranteed so get creative 7yr ARMS 6. introduction of 'newly' financeable people in market 7. supply flat... price skyrockets 8. all is good for 5-6 years... 9. all idiots buying too much house does so... 10 You are reading this post
@#@# CAN WE DO AWAY WITH FANNIE & FREDDIE???
risk-free gov. backed loans is why we are here.... I still don't agree with them. What can I do?
Dollar Goes Down Along with Bailout Plan [View article]
Camp4lib, I call the switch board almost daily to voice my will...
if anyone doesn't know the #, it is 202-224-3221 hold them accountable! did you know that congress passed a 25B loan for American Auto makers last Wed?
They are OUT OF CONTROL! They must go...and you will see my name on a ballot sooner than later... and it won't be pretty but it is all necessary!
Dollar Goes Down Along with Bailout Plan [View article]
I'm telling you, I've already written and spoke about just that... I spoke with Glenn Beck on Friday about it. I sent him a 10 point outline that started with just that! Mr. Greenspan!
and I was at the time a homebuilder here in Nashville and even I saw this coming! Our country is overextended and overexposed and without a real energy policy, Our country is in SERIOUS danger!!!!
it is time for change! but not the kind you 'hope' for with obama...
this is going to require work, and pain... and I don't see it with either of my choices for president....I'm a conservative and my party has left me!
I don't care what your social/moral values are... just govern by the CONSTITUTION.... I'm starting to sound like Ron Paul:(
Dollar Goes Down Along with Bailout Plan [View article]
Curbs-In, It was all too easy I'll have you know that I paid off 35k in debt last year and tucked 20k away in the bank. I am debt free and I rent! I didn't buy because I saw a bubble!
I didn't buy anything! Furthermore... if you removed the Government cosign in Fannie and Freddie, you correct the problem.
Right now, we have an inflated real estate market and this Paulson plan is only delaying the necessary correction.
we should hit ctrl Alt Dlte on our country's monetary policy and take our country back!
Dollar Goes Down Along with Bailout Plan [View article]
Where are my leaders in Washington???????
look into the camera and admit why we are here and how we got here!
Debt is the problem.. not that there isn't enough available Savings ='s Security... Companies that grow too fast run the risk of failing in hard times.
I hate to say that our country has adopted the same monetary policy that threatens our sovereignty now. It is at risk my friend.
It's time we CUT Social Security, Fannie and Freddie and every other Bull#@it government program that entitles us...
We should start over with something like... you have the right to: Life, Liberty and the pursuit of happiness!
Tug of War Between Deflation and Inflation [View article]
Feels like I'm paying more than 3% more than I used to...
what is your criteria for calculation? And is this the criteria that lets us know that Social Security is still mathematically solvent?
so this time next year... the fed will pay me to hold its dollars!
Dollar Strength: An Illusion [View article]
this problem is and was based on POWER and Greed of power
on the political front.. primarily democrats... but Bush bragged for record homeownership so I'll give him kudos in this fiasco as well
Greed on wallstreet... well,
greed is balanced in capitalism with RISK and risk was removed from the equation via government co-signing on billions of bad loans (in the name of political gain)
theoretically in capitalism, when one is too 'greedy' and doesn't account for 'risk' it faces FAILURE...
But given the recent government intervention... apparently failure is not an option.
thusly yielding this quasi-capitalism model???
*without failure, you cannot have success... for without one, you cannot properly define the other
Dollar Goes Down Along with Bailout Plan [View article]
Dollar Goes Down Along with Bailout Plan [View article]
lets start there... then lets not lend it and borrow it and overexpose it
Dollar Goes Down Along with Bailout Plan [View article]
1. Fed/greenspan cuts rates to spark artificial demand of housing
2. Gov. fannie/freddie guarantee loans.. REMOVES RISK
3. Banks got nothing to lose! Gov. on hook... loan it!
4. Congress wants poor and minorities in houses...loosen restrictions
5. Loans guaranteed so get creative 7yr ARMS
6. introduction of 'newly' financeable people in market
7. supply flat... price skyrockets
8. all is good for 5-6 years...
9. all idiots buying too much house does so...
10 You are reading this post
@#@# CAN WE DO AWAY WITH FANNIE & FREDDIE???
risk-free gov. backed loans is why we are here.... I still don't agree with them. What can I do?
Dollar Goes Down Along with Bailout Plan [View article]
Dollar Goes Down Along with Bailout Plan [View article]
if anyone doesn't know the #, it is 202-224-3221
hold them accountable!
did you know that congress passed a 25B loan for American Auto makers last Wed?
They are OUT OF CONTROL! They must go...and you will see my name on a ballot sooner than later... and it won't be pretty but it is all necessary!
Dollar Goes Down Along with Bailout Plan [View article]
I spoke with Glenn Beck on Friday about it. I sent him a 10 point outline that started with just that! Mr. Greenspan!
and I was at the time a homebuilder here in Nashville and even I saw this coming! Our country is overextended and overexposed and without a real energy policy, Our country is in SERIOUS danger!!!!
it is time for change! but not the kind you 'hope' for with obama...
this is going to require work, and pain... and I don't see it with either of my choices for president....I'm a conservative and my party has left me!
I don't care what your social/moral values are... just govern by the CONSTITUTION.... I'm starting to sound like Ron Paul:(
Dollar Goes Down Along with Bailout Plan [View article]
Dollar Goes Down Along with Bailout Plan [View article]
I'll have you know that I paid off 35k in debt last year and tucked 20k away in the bank. I am debt free and I rent! I didn't buy because I saw a bubble!
I didn't buy anything! Furthermore... if you removed the Government cosign in Fannie and Freddie, you correct the problem.
Right now, we have an inflated real estate market and this Paulson plan is only delaying the necessary correction.
we should hit ctrl Alt Dlte on our country's monetary policy and take our country back!
Dollar Goes Down Along with Bailout Plan [View article]
if you want to loan those idiots in washington your money I understand...
they don't need mine
Our country is BROKE!
bottom line
Dollar Goes Down Along with Bailout Plan [View article]
look into the camera and admit why we are here and how we got here!
Debt is the problem.. not that there isn't enough available
Savings ='s Security... Companies that grow too fast run the risk of failing in hard times.
I hate to say that our country has adopted the same monetary policy that threatens our sovereignty now. It is at risk my friend.
It's time we CUT Social Security, Fannie and Freddie and every other Bull#@it government program that entitles us...
We should start over with something like...
you have the right to: Life, Liberty and the pursuit of happiness!