Tax payer money to bail out morons once again.

[kres24GT]

Lot of bipartisan talk going around that the tax payers will be forced to bail out sub prime lenders and sub prime borrowers who can no longer pay their mortgages.

God forbid their be consequences for your actions. Just take tax payer money and bail everyone out of every stupid decision they make.


Another example of politcians using the money we earn to buy votes while selling us some garbage to justify it. We'll see who's buying. My guess, plenty of Americans will.

[Moby]

People elected men that were involved in the savings and loan scam that cost Americans roughly $150 Billion. Everyone knew that voting for Dubya was going to cause something like this. There was never any doubt so Americans chose in 2004 to buy out these people. It was a choice that Americans made and now we have to pay for it.

The funny thing is that Americans don't learn and may end up electing a lobbyist involved with the same savings and loan scam only to be fucked over even worse in the future.

[kres24GT]

People elected men that were involved in the savings and loan scam that cost Americans roughly $150 Billion. Everyone knew that voting for Dubya was going to cause something like this. There was never any doubt so Americans chose in 2004 to buy out these people. It was a choice that Americans made and now we have to pay for it.

The funny thing is that Americans don't learn and may end up electing a lobbyist involved with the same savings and loan scam only to be fucked over even worse in the future.


Because we elected GWB we have to pay for this... awesome. There are a lot of stupid things said here, but we finally have a finner for the all time dumbest.



This is absolute nonsense of course. The federal government doesn't have the authority to do something like this (granted, its never stopped them before). I understand you hate Bush, but its not his fault loan companies gave out loans to people they shouldn't have and that people borrowed more money than they could pay back. To say this true is beyond moronic.



P.S. You don't want to make this a partisan issue.

[Linkster]

I think you missed the point - he was trying to make the point that electing Hillary will just make this problem even worse

[kres24GT]

I think you missed the point - he was trying to make the point that electing Hillary will just make this problem even worse


I got that point. Still ludicrous that because we elected Bush we have to pay for this. That's asinine. Lenders made the loans, people borrowed the money.. this is not GWB fault, or Hillary's. It's amazing the lengths people will go to absolve themselves of personal responsibility.

[Moby]

I got that point. Still ludicrous that because we elected Bush we have to pay for this. That's asinine. Lenders made the loans, people borrowed the money.. this is not GWB fault, or Hillary's. It's amazing the lengths people will go to absolve themselves of personal responsibility.
OK, so Fanny May had nothing to do with providing money to these lenders.

So the administration had nothing to do with loosening regulations for sub prime lenders to get money.

The administration had nothing to do with lowering interest rates too much. :lmao2:

Don't you get it? The administration implemented a plan that made it easier for sub prime lenders to make these terrible loans. All the time the leaders of these sub prime lenders were paying themselves grotesquely over inflated salaries based on the profits on the profits of the sub prime lending. A decade ago they couldn't get the money to provide these risky loans. Once Dubya took office they could. Then we drastically lowered rates to encourage everyone to borrow.

This is exactly what happened during the Savings And Loan crisis. History hasn't changed. Anyone that did any research on Dubya's family found out about their part back then and knew that they would do it again.

I've never spoken to anyone that spent time researching Dubya's past that didn't expect this to happen. I've met very few people that did research on Dubya's past that actually voted for him and they all made big money.

Maybe you think it's asinine because you're one of those that voted for him without doing your own research.

[Moby]

I think you missed the point - he was trying to make the point that electing Hillary will just make this problem even worse
Actually Fred Thompson received a bunch of money as a lobbyist to remove the regulations for the S&Ls which helped give the Bush family grotesque profits from the crash by allowing them to make bad loans that were never to be paid back and massive salaries.

The same people that voted for Dubya without doing any research will probably cast a vote for Fred and then whine that they got fucked over again.

I don't see how Hillary can make the problem and better or any worse. The damage is done. Anyone that looked at the situation knew the damage was being done but there was nothing we could do about it.

America elected Dubya knowing that his family and friends were involved with $150 Billion fuck up. We didn't learn our lesson so we'll be lucky if it doesn't cost us twice that much. If we elect Fred then we should expect the same thing.

[kres24GT]

Actually Fred Thompson received a bunch of money as a lobbyist to remove the regulations for the S&Ls which helped give the Bush family grotesque profits from the crash by allowing them to make bad loans that were never to be paid back and massive salaries.

The same people that voted for Dubya without doing any research will probably cast a vote for Fred and then whine that they got fucked over again.

I don't see how Hillary can make the problem and better or any worse. The damage is done. Anyone that looked at the situation knew the damage was being done but there was nothing we could do about it.

America elected Dubya knowing that his family and friends were involved with $150 Billion fuck up. We didn't learn our lesson so we'll be lucky if it doesn't cost us twice that much. If we elect Fred then we should expect the same thing.


Tell me how any politcians forced someone to lend more than they should or borrow more than they should. Until then what you are saying is nonsense.

Personal Responsibility.

[kres24GT]

OK, so Fanny May had nothing to do with providing money to these lenders.

So the administration had nothing to do with loosening regulations for sub prime lenders to get money.

The administration had nothing to do with lowering interest rates too much. :lmao2:

Don't you get it? The administration implemented a plan that made it easier for sub prime lenders to make these terrible loans. All the time the leaders of these sub prime lenders were paying themselves grotesquely over inflated salaries based on the profits on the profits of the sub prime lending. A decade ago they couldn't get the money to provide these risky loans. Once Dubya took office they could. Then we drastically lowered rates to encourage everyone to borrow.

This is exactly what happened during the Savings And Loan crisis. History hasn't changed. Anyone that did any research on Dubya's family found out about their part back then and knew that they would do it again.

I've never spoken to anyone that spent time researching Dubya's past that didn't expect this to happen. I've met very few people that did research on Dubya's past that actually voted for him and they all made big money.

Maybe you think it's asinine because you're one of those that voted for him without doing your own research.

Again, who did GWB, or any politician force to borrow more than they could payback. This isn't partisan by the way. Democrats have been screaming for years to relax these rules as well so that poor people could purchase homes. Republicans were glad to oblige albeit for different reasons.

Anyway, under your logic Bush would be blamed for every person killed by Chinese people because he doesn't imprison all Chinese people before they could kill someone. This sort of nonsensical logic gives government unlimited power.

I didn't vote for Bush. I am laughing at you because all of this is irrelevant. It's all about personal responsibility. I don't need government to protect me from stupid lenders. Nor should I be forced to chip in t bail them out.

People borrowed more than they could payback. People lent money to people they shouldn't have. It's their fuckups, not the taxpayers, not the politcians.

[disrupter]

only the financially diminutive are forced to deal with capitalism's blow backs,

fat cats bail & are bailed by conspiring governments.

The little guy suffers not only their own mistakes but paying for the colossal screw ups of the fat cats as well.

Savings & Loan scandal handled by a bail out.
LCM collapse handled by banking bail out.

But when Katrina hits, the US government flies over in Air Force one, takes a dump on them & sits on their hands in Washington, while bloated bodies float in raw sewage.

America has no values,
only greed.

[kres24GT]

only the financially diminutive are forced to deal with capitalism's blow backs,

fat cats bail & are bailed by conspiring governments.

The little guy suffers not only their own mistakes but paying for the colossal screw ups of the fat cats as well.

Savings & Loan scandal handled by a bail out.
LCM collapse handled by banking bail out.

But when Katrina hits, the US government flies over in Air Force one, takes a dump on them & sits on their hands in Washington, while bloated bodies float in raw sewage.

America has no values,
only greed.


Katrina is a great example of why not to be dependent on government. We need to stop bailing out everyone (business an people) who fucks up.

There should be consequences to your actions.