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What the duece?? How can any american allow this ignorance to persist??
http://www.openmarket.org/2008/05/23/fingerprint-r...
We can't request an ID when you vote; however the moron stting across the table from you telling you where to sign for your mortgages must be finger printed.
Shouldn't we be finger printing the idiots who signed for loans they could not afford and are now defaulting on? (Please don't blame evil Big Mortgage, it takes 2 to tango and the accounts of true criminal activity among lenders is very low and not statistically relevant.) Also please remember that the total amount of mortgages being defaulted on is about 1 - 1.5% of the total american mortgages.
When will america realize that the liberals policy of reacting to a problem instead of being proactive will only sink this country further into the fascist socialism?
Ruby- Seriously! Please provide facts to support you accusations. Every loan offered must provide a details of when the different rates take affect. If what you said is true, please so how many loans this applies to.
A democratically controlled congress (where the bill was originated) with a republican president (who will try to vetoe it).
Joe - So what you are saying is that you took personal responsibilty for your loan and did it right. Those people who did not care to read the fine print should then also take responsibilty for their actions and re-fi or sell. Why should my tax dollars pay for their house, why can't it pay for my own house.
How often do car dealerships care if the car you are buying is too big or over priced. NEVER. They just want you to buy, because then it is your responibilty. Same thing in the home loan market.
3 Answers
- 1 decade agoFavorite Answer
Actually, it was improper lending practices. The subprime mortgage banks lowered credit and income criteria when they handed out these loans. They did not disclose how the adjustable mortage rates would affect the average subprime homeowner.
And Mr. Smarty pants, this was done under the REPUBLICAN ADMINSTRATION!!!!!!
- Anonymous1 decade ago
Ruby is right, a bunch of sleazy loan companys were pushing the ARM's, they kept faxing me paperwork to sign that had a 2 year ARM when i definatly told them fixed~!!!
they said that was a mistake and to just cross that out and put fixed~!!!
went to the title company to sign papers and they had it set up for ARM, i told them to get screwed~!!!
went through 5 lenders before i finally got the fixed i was looking for~!!!!
they were lying and cheating and stealing from people that were not well informed, and they did not bother to inform them of the consequenses~!!!
then they would sell the loans and move on~!!!
it was under the Republicans watch~!!!
the loans were used to cook the books~!!!
Source(s): me! - Anonymous1 decade ago
Big Brother knows best... please report to the processing center to have your brain thoroughly scrubbed of all such unclean thoughts.... you seem to not realize that 1984 has passed and we are now into The New Age of Progressive Fascism... all sing Hail Obamy...and or Hillery...and or Cainy