Here We Go Again!!!
By rodney850
@rodney850 (2145)
United States
August 14, 2009 12:05pm CST
Think the housing industry has stabilized and mortgage lenders have started acting responsibly? Think congress has done anything to try and prevent what happened lat last year? Think Again!! Watch this video and come back and answer this: When the bubble bursts again (and it will), do we bail them out again?
http://www.foxnews.com/video2/video08.html?maven_referralObject=6602373&maven_referralPlaylistId=&sRevUrl=http://www.foxnews.com/story/0,2933,530320,00.html
4 responses
@Destiny007 (5805)
• United States
14 Aug 09
Bawney Fwank is living proof that liberalsim is a mental disorder.
After having played a major part in the subprime crisis, he actually wants to do it all over again.
Yet the libturds have the unmitigated gall to blame Bush for their mistakes?
1 person likes this
@rodney850 (2145)
• United States
14 Aug 09
Destiny,
I wonder just exactly who they will blame after this next one?
1 person likes this
@Destiny007 (5805)
• United States
15 Aug 09
Bush... just like always. You don't really think they would own up to their responsibility... after all, they haven't so far.
We are setting ourselves up for the worst depression ever- as soon as the debt/ bailout/borrow money bubble pops we are toast!
@rodney850 (2145)
• United States
14 Aug 09
K46620,
Not to mention the "universal healthcare" money pit!
1 person likes this
- that's the biggest money pit around.
@marty3888 (2355)
• Acme, Michigan
14 Aug 09
It's up to the people! why is this so hard for everyone to understand. Few months ago, on a story about this, there was the story of a woman who was bringing home something liken $1,600 a month. The mortgage company aprroved her for a mortgage that her mortgage payment was going to be $2000 a month. He wrote her up and convinced her she could afford it. How? Me and my girlfriend, when looking for a house was approved for a 145.000 mortgage. WE KNEW we couldn't afford a house at that price. Because of how we've been with money in the past, saving money instead of spending it, we were able to put money down. We have been in here for about seven years. There has been a time where she lost her job and was out of work for awhile, I'm curently out of work. We have never even been late on our mortgage, let alone missed any. Buy what you can afford, and only what you can afford. Think about bills, mortgage and all of those other things that come with owning a house like things breaking. You should have at least $2000 in youjr savings account. Don't let anybody tell you what you can afford. I realize you can fall in love with a house but if it's not in your means, you can't have it. Sorry. It's as simple as that. I don't think that people like us who are doing what we're supposed to be doing should have to pay for irresponsible people.
@rodney850 (2145)
• United States
14 Aug 09
Marty,
I agree with you to a point. It is up to the people but there is something to be said about qualification guidelines. Ther are a great deal of very "gullable" people out there who can be "encouraged" to buy something they can't afford. It is these that need protecting from themselves and unscrupulous sales people.
1 person likes this
@bestboy19 (5478)
• United States
15 Aug 09
As long as we the people continue to reelect the same members of Congress who keep making the same mistakes, we have no one to blame but ourselves when the same thing happens again. That is why I think we should have term limits for the House and the Senate just as we have for the President.
Thomas Sowell, in my opinion, is one of the best economist we have today.
