[HLS]

The clowns in govt ALLOWED the housing bubble to inflate because it was good for the economy, by ALLOWING 100% financing to people who lied about their income & assets. I am yet to hear anyone from the govt convey this.

It’s THAT simple. GREED.
Greenspan and low interest rates werent the problem. It was lack of a down payment.
Millions has been spent talking about what caused the bubble, and ignorant people keep saying that “nobody” saw it coming.

Requiring at least a 10% down payment, millions would have never been able to “buy” a house and prices would have never been pushed up.

Rates are low today and millions cannot qualify for one reason or another. FHA is the new sucker’s loan and the next subprime (without a prepay penalty)

If you don’t abuse a child, then you don’t need regulations against child abuse.
If you don’t drive drunk, you don’t need regulations against driving drunk.
If you aren’t ignorant or greedy then you don’t need twisted govt regulations against being ignorant or greedy.

The regulations to “protect” consumers are a govt attempt to avoid admitting what the real problem was/is…perhaps they don’t even understand.

Appraisal regulations and disclosure regulations are not going to fix the stupidity and greed of millions of people.
I never said that ARMS or prepay penalties were a good thing…
I explain options to people in words that they can understand, but now I have to be regulated by APOR on the week that a loan is locked and other mumbo jumbo.

If the govt is creating all this regulation to protect consumers, who is going to protect people from the govt ???

You cannot regulate that people be protected from themselves. You cannot regulate stupidity, ignorance and greed however the govt is trying by saying they know what is good for people, and it’s more regulations as the mumbo jumbo in the post above… Do you feel safer with these regulations in place ??… HLS

[HLS]

The clowns in govt ALLOWED the housing bubble to inflate because it was good for the economy, by ALLOWING 100% financing to people who lied about their income & assets. I am yet to hear anyone from the govt convey this.

It’s THAT simple. GREED.
Greenspan and low interest rates werent the problem. It was lack of a down payment.
Millions has been spent talking about what caused the bubble, and ignorant people keep saying that “nobody” saw it coming.

Requiring at least a 10% down payment, millions would have never been able to “buy” a house and prices would have never been pushed up.

Rates are low today and millions cannot qualify for one reason or another. FHA is the new sucker’s loan and the next subprime (without a prepay penalty)

If you don’t abuse a child, then you don’t need regulations against child abuse.
If you don’t drive drunk, you don’t need regulations against driving drunk.
If you aren’t ignorant or greedy then you don’t need twisted govt regulations against being ignorant or greedy.

The regulations to “protect” consumers are a govt attempt to avoid admitting what the real problem was/is…perhaps they don’t even understand.

Appraisal regulations and disclosure regulations are not going to fix the stupidity and greed of millions of people.
I never said that ARMS or prepay penalties were a good thing…
I explain options to people in words that they can understand, but now I have to be regulated by APOR on the week that a loan is locked and other mumbo jumbo.

If the govt is creating all this regulation to protect consumers, who is going to protect people from the govt ???

You cannot regulate that people be protected from themselves. You cannot regulate stupidity, ignorance and greed however the govt is trying by saying they know what is good for people, and it’s more regulations as the mumbo jumbo in the post above… Do you feel safer with these regulations in place ??… HLS

[HLS]

The sysytem is twisted and broken. The clowns in govt allowed the housing bubble to inflate by allowing 100% financing combined with stated income. PERIOD. THAT was the cause of the bubble.

It wasn’t Greenspan or low rates that were the cause. I am yet to hear anyone from the govt explain this.

Millions has been spent trying to convince the idiotic American sheeple that “nobody” saw this coming and it could not have been prevented and how THEY are going to prevent it from happening again.

[HLS]

The sysytem is twisted and broken. The clowns in govt allowed the housing bubble to inflate by allowing 100% financing combined with stated income. PERIOD. THAT was the cause of the bubble.

It wasn’t Greenspan or low rates that were the cause. I am yet to hear anyone from the govt explain this.

Millions has been spent trying to convince the idiotic American sheeple that “nobody” saw this coming and it could not have been prevented and how THEY are going to prevent it from happening again.

[HLS]

The sysytem is twisted and broken. The clowns in govt allowed the housing bubble to inflate by allowing 100% financing combined with stated income. PERIOD. THAT was the cause of the bubble.

It wasn’t Greenspan or low rates that were the cause. I am yet to hear anyone from the govt explain this.

Millions has been spent trying to convince the idiotic American sheeple that “nobody” saw this coming and it could not have been prevented and how THEY are going to prevent it from happening again.

[HLS]

The sysytem is twisted and broken. The clowns in govt allowed the housing bubble to inflate by allowing 100% financing combined with stated income. PERIOD. THAT was the cause of the bubble.

It wasn’t Greenspan or low rates that were the cause. I am yet to hear anyone from the govt explain this.

Millions has been spent trying to convince the idiotic American sheeple that “nobody” saw this coming and it could not have been prevented and how THEY are going to prevent it from happening again.

[HLS]

The sysytem is twisted and broken. The clowns in govt allowed the housing bubble to inflate by allowing 100% financing combined with stated income. PERIOD. THAT was the cause of the bubble.

It wasn’t Greenspan or low rates that were the cause. I am yet to hear anyone from the govt explain this.

Millions has been spent trying to convince the idiotic American sheeple that “nobody” saw this coming and it could not have been prevented and how THEY are going to prevent it from happening again.

[HLS]

AHHHHH it MUST be a good thing,,
Senor Bernanke is behind it!!

http://www.federalreserve.gov/newsevents/press/bcreg/20080714a.htm

I feel SO MUCH better now……

Lying about income and allowing 100% financing had NOTHING to do with the housing bubble, it was not getting loan disclosures early enough that was the problem,,, NOW I GET IT !!! Give ’em a few months and they will fix it all through regulation, it’s so simple to fix…

[HLS]

AHHHHH it MUST be a good thing,,
Senor Bernanke is behind it!!

http://www.federalreserve.gov/newsevents/press/bcreg/20080714a.htm

I feel SO MUCH better now……

Lying about income and allowing 100% financing had NOTHING to do with the housing bubble, it was not getting loan disclosures early enough that was the problem,,, NOW I GET IT !!! Give ’em a few months and they will fix it all through regulation, it’s so simple to fix…

[HLS]

AHHHHH it MUST be a good thing,,
Senor Bernanke is behind it!!

http://www.federalreserve.gov/newsevents/press/bcreg/20080714a.htm

I feel SO MUCH better now……

Lying about income and allowing 100% financing had NOTHING to do with the housing bubble, it was not getting loan disclosures early enough that was the problem,,, NOW I GET IT !!! Give ’em a few months and they will fix it all through regulation, it’s so simple to fix…

[HLS]

AHHHHH it MUST be a good thing,,
Senor Bernanke is behind it!!

http://www.federalreserve.gov/newsevents/press/bcreg/20080714a.htm

I feel SO MUCH better now……

Lying about income and allowing 100% financing had NOTHING to do with the housing bubble, it was not getting loan disclosures early enough that was the problem,,, NOW I GET IT !!! Give ’em a few months and they will fix it all through regulation, it’s so simple to fix…

[HLS]

AHHHHH it MUST be a good thing,,
Senor Bernanke is behind it!!

http://www.federalreserve.gov/newsevents/press/bcreg/20080714a.htm

I feel SO MUCH better now……

Lying about income and allowing 100% financing had NOTHING to do with the housing bubble, it was not getting loan disclosures early enough that was the problem,,, NOW I GET IT !!! Give ’em a few months and they will fix it all through regulation, it’s so simple to fix…

[HLS]

I wish I could tell you that this is a joke,, I just saw this email tonight for the first time,, and have no idea who came up with this..

It could be the aides of Barney Frank, Chris Dodd, Chuck Schumer and Maxine Waters. The 4 of them combined couldn’t come up with something as stupid as this if their life depended on it..

There was another regulation that went into effect on July 30th, again to “protect” consumers called MDIA.. It is a costly program that has complicated many loans already and will not fix anything..

My eyes are glazed too. I’ll figure it out before Oct 1st.

[HLS]

I wish I could tell you that this is a joke,, I just saw this email tonight for the first time,, and have no idea who came up with this..

It could be the aides of Barney Frank, Chris Dodd, Chuck Schumer and Maxine Waters. The 4 of them combined couldn’t come up with something as stupid as this if their life depended on it..

There was another regulation that went into effect on July 30th, again to “protect” consumers called MDIA.. It is a costly program that has complicated many loans already and will not fix anything..

My eyes are glazed too. I’ll figure it out before Oct 1st.

[HLS]

I wish I could tell you that this is a joke,, I just saw this email tonight for the first time,, and have no idea who came up with this..

It could be the aides of Barney Frank, Chris Dodd, Chuck Schumer and Maxine Waters. The 4 of them combined couldn’t come up with something as stupid as this if their life depended on it..

There was another regulation that went into effect on July 30th, again to “protect” consumers called MDIA.. It is a costly program that has complicated many loans already and will not fix anything..

My eyes are glazed too. I’ll figure it out before Oct 1st.

[Author]

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