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Why Do People Continue to Think the Banks Were Forced to Create Bad Mortgages?

11
mortgages

This is the most ignorant statement I hear people make on this post.

The banks were not forced to make terrible loans. They did it on their own free will because of the creative financing technique called securitization.

If they are talking about CRA, that was a very minor part of the overall picture.

Posted in Politics | 11 Replies

Why Is There So Much Money from 0bama for People Who Failed to Be Responsible with Their Mortgages & Buy?

3
mortgages

… their own insurance & study hard in school, but so many penalties on those of us who were responsible with our mortgages, savings, education and jobs?

Posted in Politics | 3 Replies

How Is Debt Sold by Our Government to Other Countries?

2
debt



How does the debt system work, what happens when the other countries buy our debt, can they sell our debt to other countries, can they force us to pay our debts at any given time, please clarify how the national debt system works?

Thanks, I need lots of details and really want to know so thanks again for your help!

Posted in Politics | Tagged Buy Sell, Countries, Debts, National Debt | 2 Replies

Did the BO Administration Have a Plan to Help Home Owners Who Were in Trouble with the Mortgages?

5
mortgages

http://www.foxbusiness.com/tale/markets/industries/real-estate/home-prices-fall–march-sp/

Home prices fall in March .5% in 20 major cities.

How is it doing? Has anyone seen information on exactly how many people have been helped by BO’s plot.

Posted in Politics | 5 Replies

What Happens to a Country That Has Enormous Debt and Politicians That Refuse to Stop Compounding the Debt?

8
debt



What if a country doesn’t have a federal reserve that can keep printing money and background interest rates.What if that country has a Debt salesman like the Federal reserve but the Fed Chief has lost its Zing with the customers?

Posted in Politics | 8 Replies

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