Great Youtube Clip…

[Arraya]

Lets not forget Greenspan’s call to ARM’s in 2004.

http://www.usatoday.com/money/economy/fed/2004-02-23-greenspan-debt_x.htm

Greenspan says ARMs might be better deal
By Sue Kirchhoff and Barbara Hagenbaugh, USA TODAY
WASHINGTON — Federal Reserve Chairman Alan Greenspan said Monday that Americans’ preference for long-term, fixed-rate mortgages means many are paying more than necessary for their homes and suggested consumers would benefit if lenders offered more alternatives.
In a standing-room-only speech to the Credit Union National Association meeting here, Greenspan also said U.S. household finances appeared generally sound, despite rising debt levels and bankruptcy filings. Low interest rates and surging home prices have given consumers flexibility to manage debt, he said.

“Overall, the household sector seems to be in good shape,” Greenspan said. HAHA 2004 we were way into bubble territory.

Same article a Bush appointee pushing risky loans on low income buyers.

Joseph McKenzie, deputy chief economist at the Federal Housing Finance Board, says buyers like the stability of fixed-rate mortgages, but there is increasing flexibility in products. “There are lots of innovative programs, especially targeting low-income and first-time buyers,” he says

*This article was practically an advertisement.

[SD Realtor]

Hey Breeze I am a registered Libertarian. If you would like to go ahead and not acknowledge any wrongdoing by Frank and others then so be it. You go on believing it is all Bushes fault.

No party is innocent in this mess but if you want to conveniently ignore that Buse tried to introduce reform then go ahead dude.

[SD Realtor]

Hey Breeze I am a registered Libertarian. If you would like to go ahead and not acknowledge any wrongdoing by Frank and others then so be it. You go on believing it is all Bushes fault.

No party is innocent in this mess but if you want to conveniently ignore that Buse tried to introduce reform then go ahead dude.

[SD Realtor]

Hey Breeze I am a registered Libertarian. If you would like to go ahead and not acknowledge any wrongdoing by Frank and others then so be it. You go on believing it is all Bushes fault.

No party is innocent in this mess but if you want to conveniently ignore that Buse tried to introduce reform then go ahead dude.

[SD Realtor]

Hey Breeze I am a registered Libertarian. If you would like to go ahead and not acknowledge any wrongdoing by Frank and others then so be it. You go on believing it is all Bushes fault.

No party is innocent in this mess but if you want to conveniently ignore that Buse tried to introduce reform then go ahead dude.

[SD Realtor]

Hey Breeze I am a registered Libertarian. If you would like to go ahead and not acknowledge any wrongdoing by Frank and others then so be it. You go on believing it is all Bushes fault.

No party is innocent in this mess but if you want to conveniently ignore that Buse tried to introduce reform then go ahead dude.

[TheBreeze]

[quote=SD Realtor]Blah, blah, blah.
[/quote]

SD Realtor,

No doubt that there were several Democrats who supported the President’s actions. However, my point is that it was the director of the OFHEO, the President’s proxy, who actually enacted the regulations which led to the housing bubble. No one as of yet has pointed me to an actual law that the Democrats passed which enabled the GSEs to go nutzy. So far, the Bush apologists have just shown me a bunch of hot air spewed forth by Democrats in support of the GSEs’ actions. That is not the same as enabling legislation.

But please, continue to spew forth with claims about the Democrats even though you have nothing to back it up.

[TheBreeze]

[quote=SD Realtor]Blah, blah, blah.
[/quote]

SD Realtor,

No doubt that there were several Democrats who supported the President’s actions. However, my point is that it was the director of the OFHEO, the President’s proxy, who actually enacted the regulations which led to the housing bubble. No one as of yet has pointed me to an actual law that the Democrats passed which enabled the GSEs to go nutzy. So far, the Bush apologists have just shown me a bunch of hot air spewed forth by Democrats in support of the GSEs’ actions. That is not the same as enabling legislation.

But please, continue to spew forth with claims about the Democrats even though you have nothing to back it up.

[TheBreeze]

[quote=SD Realtor]Blah, blah, blah.
[/quote]

SD Realtor,

No doubt that there were several Democrats who supported the President’s actions. However, my point is that it was the director of the OFHEO, the President’s proxy, who actually enacted the regulations which led to the housing bubble. No one as of yet has pointed me to an actual law that the Democrats passed which enabled the GSEs to go nutzy. So far, the Bush apologists have just shown me a bunch of hot air spewed forth by Democrats in support of the GSEs’ actions. That is not the same as enabling legislation.

But please, continue to spew forth with claims about the Democrats even though you have nothing to back it up.

[TheBreeze]

[quote=SD Realtor]Blah, blah, blah.
[/quote]

SD Realtor,

No doubt that there were several Democrats who supported the President’s actions. However, my point is that it was the director of the OFHEO, the President’s proxy, who actually enacted the regulations which led to the housing bubble. No one as of yet has pointed me to an actual law that the Democrats passed which enabled the GSEs to go nutzy. So far, the Bush apologists have just shown me a bunch of hot air spewed forth by Democrats in support of the GSEs’ actions. That is not the same as enabling legislation.

But please, continue to spew forth with claims about the Democrats even though you have nothing to back it up.

[TheBreeze]

[quote=SD Realtor]Blah, blah, blah.
[/quote]

SD Realtor,

No doubt that there were several Democrats who supported the President’s actions. However, my point is that it was the director of the OFHEO, the President’s proxy, who actually enacted the regulations which led to the housing bubble. No one as of yet has pointed me to an actual law that the Democrats passed which enabled the GSEs to go nutzy. So far, the Bush apologists have just shown me a bunch of hot air spewed forth by Democrats in support of the GSEs’ actions. That is not the same as enabling legislation.

But please, continue to spew forth with claims about the Democrats even though you have nothing to back it up.

[La Jolla Renter]

My general assessment of all the passionate Bush bashers is that they find it easier to bash Bush than to do a little research.

I also find that a very large portion of bush bashers think Carter was a good or great president.

I am not a Bush fan, but he did not cause this mess, Clinton and Barney Frank and Co. did.

[La Jolla Renter]

My general assessment of all the passionate Bush bashers is that they find it easier to bash Bush than to do a little research.

I also find that a very large portion of bush bashers think Carter was a good or great president.

I am not a Bush fan, but he did not cause this mess, Clinton and Barney Frank and Co. did.

[La Jolla Renter]

My general assessment of all the passionate Bush bashers is that they find it easier to bash Bush than to do a little research.

I also find that a very large portion of bush bashers think Carter was a good or great president.

I am not a Bush fan, but he did not cause this mess, Clinton and Barney Frank and Co. did.

[La Jolla Renter]

My general assessment of all the passionate Bush bashers is that they find it easier to bash Bush than to do a little research.

I also find that a very large portion of bush bashers think Carter was a good or great president.

I am not a Bush fan, but he did not cause this mess, Clinton and Barney Frank and Co. did.

[Author]

Posts