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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:17 PM Original message |
The Govt Is Buying Poor People's Loans |
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angstlessk (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:19 PM Response to Original message |
1. that is a flagrant LIE...the poor will not see any relief WHATSOEVERATALL! |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:25 PM Response to Reply #1 |
14. That is still what this deal does |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:32 PM Response to Reply #14 |
30. What are you talking about? |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:35 PM Response to Reply #30 |
35. We might save some of their homes as well |
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cui bono (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:40 PM Response to Reply #35 |
52. False dichotomy. It's not Bush's way or the highway. Here's a perfectly reasonable solution: |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:42 PM Response to Reply #52 |
60. That's dealing with the long term economy |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:43 PM Response to Reply #35 |
62. We do not need to.. |
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nolabels (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:20 PM Response to Reply #62 |
113. We do not need to give money to people who used predatory lending on minority populations |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:23 PM Response to Reply #113 |
119. We sure don't, we can let the economy collapse instead |
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Dr Fate (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:33 PM Response to Reply #119 |
131. Fine. Now tell us why the millionare & billionare bankers cant foot the bill for it. |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:37 PM Response to Reply #119 |
135. Let me guess: |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:38 PM Response to Reply #135 |
138. Because everybody who wants to save low income mortgage programs |
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nolabels (1000+ posts) Send PM | Profile | Ignore | Thu Oct-02-08 09:54 AM Response to Reply #119 |
185. The thing that is going to collapse is the way they have been doing business |
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dchill (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 03:14 PM Response to Reply #14 |
172. It is buying and then, hopefully, reselling debt. |
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Cooley Hurd (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:20 PM Response to Original message |
2. Only if said "poor people" get to stay in their homes... |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:24 PM Response to Reply #2 |
9. Just passed Homeowners Act in July |
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angstlessk (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:16 PM Response to Reply #9 |
110. the new FHA loan ONLY helped people who had not been behind in their |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:39 PM Response to Reply #110 |
141. And where was DU when it was being passed?? |
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angstlessk (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 03:29 PM Response to Reply #141 |
178. I think the same ones who OBJECTED to the homeowner bailout are now FOR |
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ProdigalJunkMail (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:21 PM Response to Original message |
3. i support lending |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:29 PM Response to Reply #3 |
22. It isn't poor people's fault that it wasn't done |
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ProdigalJunkMail (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:32 PM Response to Reply #22 |
31. i doubt it... |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:34 PM Response to Reply #31 |
34. So you don't support poor people owning a home? n/t |
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ProdigalJunkMail (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:37 PM Response to Reply #34 |
44. i think people should be able to buy a home |
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RainDog (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:37 PM Response to Reply #34 |
45. YOU ARE SHAMEFUL IN YOUR LIES ON THIS THREAD |
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Name removed (0 posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:40 PM Response to Reply #45 |
53. Deleted message |
cui bono (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:42 PM Response to Reply #53 |
59. We need to step up to the plate WITH A DIFFERENT BAT!!! |
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Name removed (0 posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:43 PM Response to Reply #53 |
61. Deleted message |
sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:46 PM Response to Reply #61 |
68. What chance do low income homeowners have? |
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RainDog (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:08 PM Response to Reply #68 |
96. How many times does someone have to tell you that bail out doesn't cover their loans? |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:12 PM Response to Reply #96 |
105. How many times do I have to say I never said that |
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no_hypocrisy (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:22 PM Response to Original message |
4. About as generous as Mr. Potter buying "bad loans" from the Savings and Loan Company. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:33 PM Response to Reply #4 |
32. Maybe we're being George Bailey |
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no_hypocrisy (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:57 PM Response to Reply #32 |
84. I'd like to believe it's true but I'm cynical. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:05 PM Response to Reply #84 |
91. So we need to stick with it for more than 5 minutes |
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Breeze54 (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:22 PM Response to Original message |
5. HUD helps poor people buy homes. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:26 PM Response to Reply #5 |
18. Through loans that banks write |
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TZ (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:29 PM Response to Reply #5 |
23. FHA helps poor/first time buyer buy homes... |
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Cessna Invesco Palin (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:23 PM Response to Original message |
6. No it is not. |
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galileoreloaded (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:23 PM Response to Original message |
7. Careful, the purple koolaid has a bitter aftertaste........n/t |
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dkofos (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:24 PM Response to Original message |
8. What a crock of SHIT |
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Double T (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:24 PM Response to Original message |
10. The government is buying criminal mortgage broker's loans. |
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TexasObserver (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:24 PM Response to Original message |
11. You are absolutely wrong. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:26 PM Response to Reply #11 |
16. Yes, it is poor people's loans |
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RainDog (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:32 PM Response to Reply #16 |
29. You have no fucking idea what you're talking about |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:36 PM Response to Reply #29 |
37. The investment that started with poor people's loans n/t |
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RainDog (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:38 PM Response to Reply #37 |
49. this remark proves that you are totally clueless. |
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TexasObserver (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:52 PM Response to Reply #49 |
151. it also proves she gets her information from Rightwing news talk |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:55 PM Response to Reply #151 |
156. Hell, Bill fucking Clinton said it, jesus christ n/t |
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TexasObserver (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 03:01 PM Response to Reply #156 |
165. No, he didn't, you just don't understand anything about this and hear what you want to hear. |
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lelgt60 (417 posts) Send PM | Profile | Ignore | Wed Oct-01-08 03:17 PM Response to Reply #29 |
174. Uh..agree about the bailout not buying poor people's loans - disagree about "investor class" |
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TexasObserver (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:51 PM Response to Reply #16 |
148. Your record of never getting anything right remains intact. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:54 PM Response to Reply #148 |
154. lol, no, I get most things right |
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TexasObserver (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:58 PM Response to Reply #154 |
163. LOL, you seldom get anything right. |
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BuyingThyme (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:25 PM Response to Original message |
12. Where'd them poor people get all that money to loan? |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:29 PM Response to Reply #12 |
24. They're the borrowers, duh n/t |
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Subdivisions (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:25 PM Response to Original message |
13. Bull - fucking - shit! n/t |
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EFerrari (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:25 PM Response to Original message |
15. That's simply untrue and in fact, what the right wing says |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:28 PM Response to Reply #15 |
20. I want to help them by protecting these loans |
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EFerrari (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:37 PM Response to Reply #20 |
43. The truth is, we don't know if there will be such a condition or provision |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:39 PM Response to Reply #43 |
50. We already have a Homeowners Act to help some folks |
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mrJJ (657 posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:26 PM Response to Original message |
17. Bullocks |
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RainDog (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:27 PM Response to Original message |
19. You are a liar |
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TZ (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:31 PM Response to Reply #19 |
27. Not necessarily. |
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RainDog (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:36 PM Response to Reply #27 |
38. She is talking about those who are currently facing foreclosure |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:48 PM Response to Reply #38 |
69. No, I am not, you can't read |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:28 PM Response to Original message |
21. Umm, wow. |
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La Lioness Priyanka (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:29 PM Response to Original message |
25. thats a highly flawed argument |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:31 PM Response to Reply #25 |
26. It is the basis for these loans, correct? |
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La Lioness Priyanka (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:32 PM Response to Reply #26 |
28. thats not in the least bit the basis of this bailout. either you are stupid or deliberately |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:33 PM Response to Reply #28 |
33. It has nothing to do with low income loans??? n/t |
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La Lioness Priyanka (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:35 PM Response to Reply #33 |
36. it has nothing to do with bailing out people's mortgages or helping the poor. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:37 PM Response to Reply #36 |
41. But it will have |
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La Lioness Priyanka (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:40 PM Response to Reply #41 |
54. no. there is no proposal to stop foreclosures |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:49 PM Response to Reply #54 |
72. I never said there was |
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La Lioness Priyanka (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:50 PM Response to Reply #72 |
73. i think you should invest in a good dose of rationality. it would probably be best for you and for |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:55 PM Response to Reply #73 |
80. Would people, just one fucking time, stick to the issues n/t |
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La Lioness Priyanka (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:56 PM Response to Reply #80 |
81. its hard to stick to an issue when the premise is a complete distortion of the fact |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:02 PM Response to Reply #81 |
87. This is about the basis of home mortgages for the poor |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:10 PM Response to Reply #87 |
101. So your position is that giving loans to poor is what got us into this mess, |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:14 PM Response to Reply #101 |
108. My position is that there are loans to low income people |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:18 PM Response to Reply #108 |
112. So you're saying this is blackmail and it's a political move. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:25 PM Response to Reply #112 |
120. Republicans will end these programs |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:31 PM Response to Reply #120 |
127. Sorry but your posts are pretty much nonsensical. -nt- |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:32 PM Response to Reply #127 |
130. Join the rest of DUers - beat me up instead of arguing the facts |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:38 PM Response to Reply #130 |
139. I just don't see the relevance of what you're saying. Republicans will try to end programs... |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:40 PM Response to Reply #139 |
142. The relevance of blaming the poor for the collapse of the economy????? |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:47 PM Response to Reply #142 |
147. The past several posts above this, I've been trying to figure out... |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:53 PM Response to Reply #147 |
152. Bad loan product |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:56 PM Response to Reply #152 |
158. People on the right are trying to blame this on "bad loans to the poor" |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:58 PM Response to Reply #158 |
162. And lots of DUers are saying that too - did you miss that? |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 03:09 PM Response to Reply #162 |
168. Bullshit. People oppose this bailout precisely because it does nothing to help poor homeowners... |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 05:47 PM Response to Reply #168 |
182. I didn't say it was the fault of poor people, not ever |
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pnutbutr (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:36 PM Response to Original message |
39. defaulted loans |
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Leopolds Ghost (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:36 PM Response to Original message |
40. Wrong. The Gov't is buying Poor People's MORTGAGES in order to foreclose on them. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:38 PM Response to Reply #40 |
48. That's why we passed a Housing Act? |
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Leopolds Ghost (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:42 PM Response to Reply #48 |
58. See edited post. To be fair, this is a mound of bad debt. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:07 PM Response to Reply #58 |
95. So do we stand by the low income mortgages |
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Waiting For Everyman (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:37 PM Response to Original message |
42. No, it's buying mortgage-backed securities INSTEAD OF the loans. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:37 PM Response to Reply #42 |
46. The security becomes valuable when the mortgages are paid |
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Waiting For Everyman (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:44 PM Response to Reply #46 |
65. That doesn't do a damn thing for a homeowner. |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:46 PM Response to Reply #46 |
67. Sure, we are buying an interest in some people's loans via mortgage backed securities. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:50 PM Response to Reply #67 |
75. We'll have more interest in preventing defaults though |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:56 PM Response to Reply #75 |
82. And how will we prevent defaults? -nt- |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:03 PM Response to Reply #82 |
89. We have a new Housing Act |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:06 PM Response to Reply #89 |
93. So why do we need this bailout? -nt- |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:08 PM Response to Reply #93 |
97. Because people opposed real mortgage assistance |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:12 PM Response to Reply #97 |
104. And how does this bailout help to fix them? -nt- |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:18 PM Response to Reply #104 |
111. Several ways actually |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:26 PM Response to Reply #111 |
122. A few questions: |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:30 PM Response to Reply #122 |
125. You've bought into the idea that these folks were bad risks |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:34 PM Response to Reply #125 |
132. Do you have any evidence of that? |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:37 PM Response to Reply #132 |
136. That 95% of the loans are good? |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:44 PM Response to Reply #136 |
144. Yes, can you point to evidence that: |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:52 PM Response to Reply #144 |
149. It's the way business works |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 03:07 PM Response to Reply #149 |
167. So the banks will have "more room to work with the remaining debtors" |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:46 PM Response to Reply #111 |
146. Banks do not want to work with poor Americans anymore. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:54 PM Response to Reply #146 |
153. And do you want it to stay that way? n/t |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:57 PM Response to Reply #153 |
161. How would this bailout force the banks to deal with the poor? |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:59 PM Response to Reply #161 |
164. I've already posted that info, reread, I have an appt. n/t |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 03:12 PM Response to Reply #164 |
170. LOL! Bye bye. -nt- |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 05:46 PM Response to Reply #170 |
181. Back for 5 minutes |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 03:14 PM Response to Reply #153 |
171. This bill does nothing to address the problem. |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:49 PM Response to Reply #46 |
70. Not quite. |
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Fire1 (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:38 PM Response to Original message |
47. Are you LOOPY??????????? |
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RainDog (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:42 PM Response to Reply #47 |
57. she's ignorant. and after repeatedly being shown how she is ignorant, she continues |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:45 PM Response to Reply #57 |
66. I understand perfectly well what is going on |
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RainDog (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:50 PM Response to Reply #66 |
74. no. you do not know what's going on, as you prove every time you post |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:57 PM Response to Reply #74 |
83. So should we help them get their homes back? |
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Two Americas (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 10:02 PM Response to Reply #83 |
184. Reaganomics |
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leftofthedial (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:39 PM Response to Original message |
51. that's an interesting distortion of what this bailout does |
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La Lioness Priyanka (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:41 PM Response to Reply #51 |
56. interesting? i guess thats one word for it. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:43 PM Response to Reply #51 |
63. It's the bottom line, like it or not n/t |
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La Lioness Priyanka (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:44 PM Response to Reply #63 |
64. except that its not. |
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leftofthedial (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:52 PM Response to Reply #63 |
77. a. there is nothing in the bill that means tests (or even identifies) mortgagees |
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cui bono (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:41 PM Response to Original message |
55. No, it's not. But here is what SHOULD happen: |
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Dr Fate (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:49 PM Response to Original message |
71. So I dont owe $80 grand in student loans anymore? AWESOME- I support that. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:53 PM Response to Reply #71 |
78. If the student loan program were causing a crisis |
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Dr Fate (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:01 PM Response to Reply #78 |
86. "IF?" LOL. I would support millionare & billionare bankers helping me "put out the fire." |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:20 PM Response to Reply #86 |
114. So if the student loan program went belly-up |
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Dr Fate (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:29 PM Response to Reply #114 |
124. I dont understand your line of thinking. I never said I wanted to end opportunities for students. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:31 PM Response to Reply #124 |
128. But that's what would happen |
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Dr Fate (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:35 PM Response to Reply #128 |
133. Fine- then let the goverment "bail out" students... |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:43 PM Response to Reply #133 |
143. So the government should buy the securities |
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Dr Fate (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:52 PM Response to Reply #143 |
150. Capitalism? In that case, we should ALL pull ourselves up by our bootstraps- student & banker alike. |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:51 PM Response to Original message |
76. I think it's more accurate to say... |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:54 PM Response to Reply #76 |
79. So are we going to stand by our help for poor people |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 01:58 PM Response to Reply #79 |
85. We should absolutely provide assistance to struggling homeowners... |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:04 PM Response to Reply #85 |
90. We need to improve the Housing Act |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:07 PM Response to Reply #90 |
94. OK, so let's get an improved housing act. What does that have to do with this bailout? -nt- |
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Dr Fate (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:08 PM Response to Reply #94 |
98. Right- and it doesnt address who PAYS FOR the bail out. I say millionares & billionares should pay. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:09 PM Response to Reply #94 |
99. Answered above n/t |
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Dr Fate (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:06 PM Response to Reply #79 |
92. Dont you think the millionares & billionares should foot 100% of the bill for this? |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:09 PM Response to Reply #92 |
100. The student loan question |
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Dr Fate (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:14 PM Response to Reply #100 |
107. I did. Now tell me why millionares & billionares shouldnt foot 100% of this bill. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:27 PM Response to Reply #107 |
123. They won't give any more loans in the future |
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Dr Fate (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:32 PM Response to Reply #123 |
129. But the governemnt could give out the loans-as they seem fine with helping millionare bankers. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:35 PM Response to Reply #129 |
134. And once we have an interest in this mess |
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Dr Fate (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:39 PM Response to Reply #134 |
140. Cool- but lets go ahead and do that & say that now. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:44 PM Response to Reply #140 |
145. And they'll never back another federal program n/t |
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Dr Fate (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:54 PM Response to Reply #145 |
155. Who will never back another federal program? The GOP? DLC chumps? Billionares? I dont read you. |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 03:11 PM Response to Reply #155 |
169. I'm glad I'm not the only one who doesn't get it. |
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Dr Fate (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 03:15 PM Response to Reply #169 |
173. I still havent got an answer for why millionares & billionares cant come up with $700 Billion bucks. |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 03:19 PM Response to Reply #173 |
175. Because then they would never give loans to the poor again! |
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Dr Fate (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 03:22 PM Response to Reply #175 |
176. In that case, I learned nothing here. I already know I'm under a thumb. |
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dailykoff (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:02 PM Response to Original message |
88. The bailout is a huge disincentive to actually restructure anyone's mortgage. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:11 PM Response to Reply #88 |
102. We'll have to push for more restructuring |
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dailykoff (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:13 PM Response to Reply #102 |
106. These were not "low income home loans," they were criminally usurious scams. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:22 PM Response to Reply #106 |
116. But there won't be any kind of low income home loans at all |
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dailykoff (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:37 PM Response to Reply #116 |
137. Separate issues. The fact is that the bailout will hurt, not help, home owners |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:56 PM Response to Reply #137 |
160. No it won't, it will help homeowners |
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ContinentalOp (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:15 PM Response to Reply #102 |
109. Ah, I see where you're coming from now. |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:23 PM Response to Reply #109 |
118. I thought everybody knew the rich didn't do anything for shits and giggles n/t |
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ljm2002 (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:11 PM Response to Original message |
103. Can you say "Derivatives"??? |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:21 PM Response to Reply #103 |
115. Based on loans to poor people, yes n/t |
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ljm2002 (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:56 PM Response to Reply #115 |
157. So you didn't read the post... |
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Two Americas (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:22 PM Response to Original message |
117. there is a script for a comedy film in this |
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sandnsea (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:26 PM Response to Reply #117 |
121. This is about killing Reaganomics |
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gopbuster (715 posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:30 PM Response to Reply #121 |
126. It's amazing people don't undertstand this. I wonder if they understand |
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Two Americas (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 02:56 PM Response to Reply #121 |
159. how? |
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bigtree (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 03:01 PM Response to Original message |
166. great. not only are they still at risk of losing those homes . . . |
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lelgt60 (417 posts) Send PM | Profile | Ignore | Wed Oct-01-08 03:23 PM Response to Reply #166 |
177. There is nothing in this bailout which obliges them to provide loans to anybody... |
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bigtree (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 03:48 PM Response to Reply #177 |
179. right |
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galledgoblin (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 03:52 PM Response to Original message |
180. pretty sure I could think of a few better ways |
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Two Americas (1000+ posts) Send PM | Profile | Ignore | Wed Oct-01-08 07:42 PM Response to Original message |
183. Reaganomics |
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El Pinko (1000+ posts) Send PM | Profile | Ignore | Thu Oct-02-08 10:03 AM Response to Original message |
186. A huge number of those loans were not to "poor people" |
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