Who is to Blame? (Revisited)

[urbanrealtor]

While the title of this thread is definitely in the Lou Dobbs direction, I would like to draw attention to the ecosystem and culture surrounding the run up in sale prices.

Perhaps its because I am reading “The Lucifer Effect” but I think that its too facile a view to simply find out who should be sued or hated. I would like to see a better discussion regarding culture and how it makes things fall apart.

[ltokuda]

The argument trying to blame the Community Reinvestment Act was already debunked. About 85% of subprime loans originated outside the scope of the CRA. The subprime explosion can’t be attributed to the CRA.

[ltokuda]

The argument trying to blame the Community Reinvestment Act was already debunked. About 85% of subprime loans originated outside the scope of the CRA. The subprime explosion can’t be attributed to the CRA.

[ltokuda]

The argument trying to blame the Community Reinvestment Act was already debunked. About 85% of subprime loans originated outside the scope of the CRA. The subprime explosion can’t be attributed to the CRA.

[ltokuda]

The argument trying to blame the Community Reinvestment Act was already debunked. About 85% of subprime loans originated outside the scope of the CRA. The subprime explosion can’t be attributed to the CRA.

[ltokuda]

The argument trying to blame the Community Reinvestment Act was already debunked. About 85% of subprime loans originated outside the scope of the CRA. The subprime explosion can’t be attributed to the CRA.

[Aecetia]

Greed at all levels and at all walks of life was/ is the problem. If one party was solely to blame over the other, in particular the Republicans more so than the Dems., a special prosecutor would be appointed and hearings would be underway. They are all dirty. What is really ironic was how Martha Stewart had to go to jail for her crimes. I wonder how many of this group of white collar criminals and corrupt politicians will suffer the same fate. Somehow I seriously doubt it.

Here’s another sweet deal for a progressive tax apologist:

http://www.financialpost.com/most_popular/story.html?id=821935

[Aecetia]

Greed at all levels and at all walks of life was/ is the problem. If one party was solely to blame over the other, in particular the Republicans more so than the Dems., a special prosecutor would be appointed and hearings would be underway. They are all dirty. What is really ironic was how Martha Stewart had to go to jail for her crimes. I wonder how many of this group of white collar criminals and corrupt politicians will suffer the same fate. Somehow I seriously doubt it.

Here’s another sweet deal for a progressive tax apologist:

http://www.financialpost.com/most_popular/story.html?id=821935

[Aecetia]

Greed at all levels and at all walks of life was/ is the problem. If one party was solely to blame over the other, in particular the Republicans more so than the Dems., a special prosecutor would be appointed and hearings would be underway. They are all dirty. What is really ironic was how Martha Stewart had to go to jail for her crimes. I wonder how many of this group of white collar criminals and corrupt politicians will suffer the same fate. Somehow I seriously doubt it.

Here’s another sweet deal for a progressive tax apologist:

http://www.financialpost.com/most_popular/story.html?id=821935

[Aecetia]

Greed at all levels and at all walks of life was/ is the problem. If one party was solely to blame over the other, in particular the Republicans more so than the Dems., a special prosecutor would be appointed and hearings would be underway. They are all dirty. What is really ironic was how Martha Stewart had to go to jail for her crimes. I wonder how many of this group of white collar criminals and corrupt politicians will suffer the same fate. Somehow I seriously doubt it.

Here’s another sweet deal for a progressive tax apologist:

http://www.financialpost.com/most_popular/story.html?id=821935

[Aecetia]

Greed at all levels and at all walks of life was/ is the problem. If one party was solely to blame over the other, in particular the Republicans more so than the Dems., a special prosecutor would be appointed and hearings would be underway. They are all dirty. What is really ironic was how Martha Stewart had to go to jail for her crimes. I wonder how many of this group of white collar criminals and corrupt politicians will suffer the same fate. Somehow I seriously doubt it.

Here’s another sweet deal for a progressive tax apologist:

http://www.financialpost.com/most_popular/story.html?id=821935

[jficquette]

[quote=equalizer]Why didnt President Bush and the Repubs in 2000-2006 do anything about Fannie Freddie? What, they were blackmailed by dems? Dems had no power, they still dont. Real Answer: Those slime lobbyists paid off 368 out of 435 House and most Senators, and Greenspan gave them all cover. [/quote]

“Here’s the lead of a New York Times story on Sept. 11, 2003: “The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.”

“Bush tried to act. Who stopped him? Congress, especially Democrats with their deep financial and patronage ties to the two government-sponsored enterprises, Fannie and Freddie.”

Our system is not a parliamentary system where the majority rules. It takes more then the majority to get things done. Rules procedures. Witness even now, as the Dems are the majority now but can’t get anything done with the Republicans.

The real blame lies at the feet of the selfish greedy baby boomers who were born with a sense of entitlement who have no intentions of sacrificing anything for the generations to come.

John

[jficquette]

[quote=equalizer]Why didnt President Bush and the Repubs in 2000-2006 do anything about Fannie Freddie? What, they were blackmailed by dems? Dems had no power, they still dont. Real Answer: Those slime lobbyists paid off 368 out of 435 House and most Senators, and Greenspan gave them all cover. [/quote]

“Here’s the lead of a New York Times story on Sept. 11, 2003: “The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.”

“Bush tried to act. Who stopped him? Congress, especially Democrats with their deep financial and patronage ties to the two government-sponsored enterprises, Fannie and Freddie.”

Our system is not a parliamentary system where the majority rules. It takes more then the majority to get things done. Rules procedures. Witness even now, as the Dems are the majority now but can’t get anything done with the Republicans.

The real blame lies at the feet of the selfish greedy baby boomers who were born with a sense of entitlement who have no intentions of sacrificing anything for the generations to come.

John

[jficquette]

[quote=equalizer]Why didnt President Bush and the Repubs in 2000-2006 do anything about Fannie Freddie? What, they were blackmailed by dems? Dems had no power, they still dont. Real Answer: Those slime lobbyists paid off 368 out of 435 House and most Senators, and Greenspan gave them all cover. [/quote]

“Here’s the lead of a New York Times story on Sept. 11, 2003: “The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.”

“Bush tried to act. Who stopped him? Congress, especially Democrats with their deep financial and patronage ties to the two government-sponsored enterprises, Fannie and Freddie.”

Our system is not a parliamentary system where the majority rules. It takes more then the majority to get things done. Rules procedures. Witness even now, as the Dems are the majority now but can’t get anything done with the Republicans.

The real blame lies at the feet of the selfish greedy baby boomers who were born with a sense of entitlement who have no intentions of sacrificing anything for the generations to come.

John

[jficquette]

[quote=equalizer]Why didnt President Bush and the Repubs in 2000-2006 do anything about Fannie Freddie? What, they were blackmailed by dems? Dems had no power, they still dont. Real Answer: Those slime lobbyists paid off 368 out of 435 House and most Senators, and Greenspan gave them all cover. [/quote]

“Here’s the lead of a New York Times story on Sept. 11, 2003: “The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.”

“Bush tried to act. Who stopped him? Congress, especially Democrats with their deep financial and patronage ties to the two government-sponsored enterprises, Fannie and Freddie.”

Our system is not a parliamentary system where the majority rules. It takes more then the majority to get things done. Rules procedures. Witness even now, as the Dems are the majority now but can’t get anything done with the Republicans.

The real blame lies at the feet of the selfish greedy baby boomers who were born with a sense of entitlement who have no intentions of sacrificing anything for the generations to come.

John

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