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KilohanaParticipant
The vast majority of Muslims in America and the rest of the world consider NOI to be a joke.
From Wikipedia: The main belief of The Nation of Islam and its followers is that there is no God but Allah. However, they redefine “Allah” by saying “who came in the person of W. D. Fard.” Fard founded the Nation of Islam and subsequently installed Elijah Muhammad as the organization’s leader. Their teachings are heretical by traditional Islamic standards which abhor the deification of any person, or the anthropomorphization of God.
NOI is a fringe religion. Using the Farrakhan endorsement as a “connection” to tie Obama in with fundamental Islamists is ridiculous. (And yes, that is the implication made here…)
Farrakhan does not speak for Obama and he certainly is not a part of the Wahhabist movement responsible for attacks on the US. Again, that’s the implication of raising these “concerns” about Obama’s connection to anyone or anything Islam.
KilohanaParticipantThe vast majority of Muslims in America and the rest of the world consider NOI to be a joke.
From Wikipedia: The main belief of The Nation of Islam and its followers is that there is no God but Allah. However, they redefine “Allah” by saying “who came in the person of W. D. Fard.” Fard founded the Nation of Islam and subsequently installed Elijah Muhammad as the organization’s leader. Their teachings are heretical by traditional Islamic standards which abhor the deification of any person, or the anthropomorphization of God.
NOI is a fringe religion. Using the Farrakhan endorsement as a “connection” to tie Obama in with fundamental Islamists is ridiculous. (And yes, that is the implication made here…)
Farrakhan does not speak for Obama and he certainly is not a part of the Wahhabist movement responsible for attacks on the US. Again, that’s the implication of raising these “concerns” about Obama’s connection to anyone or anything Islam.
KilohanaParticipantThe vast majority of Muslims in America and the rest of the world consider NOI to be a joke.
From Wikipedia: The main belief of The Nation of Islam and its followers is that there is no God but Allah. However, they redefine “Allah” by saying “who came in the person of W. D. Fard.” Fard founded the Nation of Islam and subsequently installed Elijah Muhammad as the organization’s leader. Their teachings are heretical by traditional Islamic standards which abhor the deification of any person, or the anthropomorphization of God.
NOI is a fringe religion. Using the Farrakhan endorsement as a “connection” to tie Obama in with fundamental Islamists is ridiculous. (And yes, that is the implication made here…)
Farrakhan does not speak for Obama and he certainly is not a part of the Wahhabist movement responsible for attacks on the US. Again, that’s the implication of raising these “concerns” about Obama’s connection to anyone or anything Islam.
KilohanaParticipantThe vast majority of Muslims in America and the rest of the world consider NOI to be a joke.
From Wikipedia: The main belief of The Nation of Islam and its followers is that there is no God but Allah. However, they redefine “Allah” by saying “who came in the person of W. D. Fard.” Fard founded the Nation of Islam and subsequently installed Elijah Muhammad as the organization’s leader. Their teachings are heretical by traditional Islamic standards which abhor the deification of any person, or the anthropomorphization of God.
NOI is a fringe religion. Using the Farrakhan endorsement as a “connection” to tie Obama in with fundamental Islamists is ridiculous. (And yes, that is the implication made here…)
Farrakhan does not speak for Obama and he certainly is not a part of the Wahhabist movement responsible for attacks on the US. Again, that’s the implication of raising these “concerns” about Obama’s connection to anyone or anything Islam.
KilohanaParticipantThe vast majority of Muslims in America and the rest of the world consider NOI to be a joke.
From Wikipedia: The main belief of The Nation of Islam and its followers is that there is no God but Allah. However, they redefine “Allah” by saying “who came in the person of W. D. Fard.” Fard founded the Nation of Islam and subsequently installed Elijah Muhammad as the organization’s leader. Their teachings are heretical by traditional Islamic standards which abhor the deification of any person, or the anthropomorphization of God.
NOI is a fringe religion. Using the Farrakhan endorsement as a “connection” to tie Obama in with fundamental Islamists is ridiculous. (And yes, that is the implication made here…)
Farrakhan does not speak for Obama and he certainly is not a part of the Wahhabist movement responsible for attacks on the US. Again, that’s the implication of raising these “concerns” about Obama’s connection to anyone or anything Islam.
October 13, 2008 at 10:24 AM in reply to: Thank you Clinton for the Sub-Prime Boom! 1999 NYT Article #286718KilohanaParticipantI am absolutely stunned that in this day and age there are Piggs who are pinning the blame for this entire mess on the fraction of subprime loans generated or held by Fannie, Freddie and the CRA.
It’s ridiculous, considering we all sat here watching every single facet of the finance community creating and pushing exotic loans on anyone who would take them. And pretty much, everyone took them. Why not? We were told that real estate only goes UP! It would all work out in time for the next flip.
We read stories about Countrywide – and how they pushed these loans on buyers because they generated commissions of up to $30k for the broker… (Even when those buyers qualified for traditional loans!) We watched yuppies finance Hummers and vacations with HELOCS and we KNEW it was going to end badly.
The investment community as a whole had a huge appetite for these loans – the greater the risk, the greater potential for a huge payout. They even figured out how to make money from the defaults! If you weren’t in on it from 2002-2006, you weren’t making any money.
I’m just disappointed that a year and a half ago, we were discussing how widespread, rampant and dangerous these finance products were – and how deeply they permeated the entire market…. But now it seems many would like to forget all that because it requires looking in the mirror.
I’m sorry, but unsophisticated poor people did not do this to us. There was a clever, calculating counterparty to each and every one of these transactions.
I’m happy to see that at least one Pigg remembers the Credit Suisse reset chart.. Clearly, it demonstrates that middle and upper end buyers assumed at least half of the risky loans. It’s not close to being over, yet a few people here have already finished their investigation and are holding press conferences. Cute.
October 13, 2008 at 10:24 AM in reply to: Thank you Clinton for the Sub-Prime Boom! 1999 NYT Article #287013KilohanaParticipantI am absolutely stunned that in this day and age there are Piggs who are pinning the blame for this entire mess on the fraction of subprime loans generated or held by Fannie, Freddie and the CRA.
It’s ridiculous, considering we all sat here watching every single facet of the finance community creating and pushing exotic loans on anyone who would take them. And pretty much, everyone took them. Why not? We were told that real estate only goes UP! It would all work out in time for the next flip.
We read stories about Countrywide – and how they pushed these loans on buyers because they generated commissions of up to $30k for the broker… (Even when those buyers qualified for traditional loans!) We watched yuppies finance Hummers and vacations with HELOCS and we KNEW it was going to end badly.
The investment community as a whole had a huge appetite for these loans – the greater the risk, the greater potential for a huge payout. They even figured out how to make money from the defaults! If you weren’t in on it from 2002-2006, you weren’t making any money.
I’m just disappointed that a year and a half ago, we were discussing how widespread, rampant and dangerous these finance products were – and how deeply they permeated the entire market…. But now it seems many would like to forget all that because it requires looking in the mirror.
I’m sorry, but unsophisticated poor people did not do this to us. There was a clever, calculating counterparty to each and every one of these transactions.
I’m happy to see that at least one Pigg remembers the Credit Suisse reset chart.. Clearly, it demonstrates that middle and upper end buyers assumed at least half of the risky loans. It’s not close to being over, yet a few people here have already finished their investigation and are holding press conferences. Cute.
October 13, 2008 at 10:24 AM in reply to: Thank you Clinton for the Sub-Prime Boom! 1999 NYT Article #287029KilohanaParticipantI am absolutely stunned that in this day and age there are Piggs who are pinning the blame for this entire mess on the fraction of subprime loans generated or held by Fannie, Freddie and the CRA.
It’s ridiculous, considering we all sat here watching every single facet of the finance community creating and pushing exotic loans on anyone who would take them. And pretty much, everyone took them. Why not? We were told that real estate only goes UP! It would all work out in time for the next flip.
We read stories about Countrywide – and how they pushed these loans on buyers because they generated commissions of up to $30k for the broker… (Even when those buyers qualified for traditional loans!) We watched yuppies finance Hummers and vacations with HELOCS and we KNEW it was going to end badly.
The investment community as a whole had a huge appetite for these loans – the greater the risk, the greater potential for a huge payout. They even figured out how to make money from the defaults! If you weren’t in on it from 2002-2006, you weren’t making any money.
I’m just disappointed that a year and a half ago, we were discussing how widespread, rampant and dangerous these finance products were – and how deeply they permeated the entire market…. But now it seems many would like to forget all that because it requires looking in the mirror.
I’m sorry, but unsophisticated poor people did not do this to us. There was a clever, calculating counterparty to each and every one of these transactions.
I’m happy to see that at least one Pigg remembers the Credit Suisse reset chart.. Clearly, it demonstrates that middle and upper end buyers assumed at least half of the risky loans. It’s not close to being over, yet a few people here have already finished their investigation and are holding press conferences. Cute.
October 13, 2008 at 10:24 AM in reply to: Thank you Clinton for the Sub-Prime Boom! 1999 NYT Article #287056KilohanaParticipantI am absolutely stunned that in this day and age there are Piggs who are pinning the blame for this entire mess on the fraction of subprime loans generated or held by Fannie, Freddie and the CRA.
It’s ridiculous, considering we all sat here watching every single facet of the finance community creating and pushing exotic loans on anyone who would take them. And pretty much, everyone took them. Why not? We were told that real estate only goes UP! It would all work out in time for the next flip.
We read stories about Countrywide – and how they pushed these loans on buyers because they generated commissions of up to $30k for the broker… (Even when those buyers qualified for traditional loans!) We watched yuppies finance Hummers and vacations with HELOCS and we KNEW it was going to end badly.
The investment community as a whole had a huge appetite for these loans – the greater the risk, the greater potential for a huge payout. They even figured out how to make money from the defaults! If you weren’t in on it from 2002-2006, you weren’t making any money.
I’m just disappointed that a year and a half ago, we were discussing how widespread, rampant and dangerous these finance products were – and how deeply they permeated the entire market…. But now it seems many would like to forget all that because it requires looking in the mirror.
I’m sorry, but unsophisticated poor people did not do this to us. There was a clever, calculating counterparty to each and every one of these transactions.
I’m happy to see that at least one Pigg remembers the Credit Suisse reset chart.. Clearly, it demonstrates that middle and upper end buyers assumed at least half of the risky loans. It’s not close to being over, yet a few people here have already finished their investigation and are holding press conferences. Cute.
October 13, 2008 at 10:24 AM in reply to: Thank you Clinton for the Sub-Prime Boom! 1999 NYT Article #287060KilohanaParticipantI am absolutely stunned that in this day and age there are Piggs who are pinning the blame for this entire mess on the fraction of subprime loans generated or held by Fannie, Freddie and the CRA.
It’s ridiculous, considering we all sat here watching every single facet of the finance community creating and pushing exotic loans on anyone who would take them. And pretty much, everyone took them. Why not? We were told that real estate only goes UP! It would all work out in time for the next flip.
We read stories about Countrywide – and how they pushed these loans on buyers because they generated commissions of up to $30k for the broker… (Even when those buyers qualified for traditional loans!) We watched yuppies finance Hummers and vacations with HELOCS and we KNEW it was going to end badly.
The investment community as a whole had a huge appetite for these loans – the greater the risk, the greater potential for a huge payout. They even figured out how to make money from the defaults! If you weren’t in on it from 2002-2006, you weren’t making any money.
I’m just disappointed that a year and a half ago, we were discussing how widespread, rampant and dangerous these finance products were – and how deeply they permeated the entire market…. But now it seems many would like to forget all that because it requires looking in the mirror.
I’m sorry, but unsophisticated poor people did not do this to us. There was a clever, calculating counterparty to each and every one of these transactions.
I’m happy to see that at least one Pigg remembers the Credit Suisse reset chart.. Clearly, it demonstrates that middle and upper end buyers assumed at least half of the risky loans. It’s not close to being over, yet a few people here have already finished their investigation and are holding press conferences. Cute.
KilohanaParticipantOf the 3 locations we have rented, I can say without doubt that the yuppie McMansion set has been the absolute worst.
For one entire year, the only neighbor who spoke to us was another renter. (And fellow bubble sitter!)
I didn’t get too broken up about it because it helped me fine tune my shopping list when we eventually buy again. No McMansions. Not even in “upscale” areas. My perception is that it was more about appearances there… and the only way to gain approval was the prove you could afford to live there by buying. No thanks.
I could be wrong – or maybe I’m just a bit sensitive, but that’s how it felt.
So yeah, I have experienced what you are describing. The good news is that you are not stuck with these people forever — you get to move whenever you want. And to be honest, I think that’s enviable. π
KilohanaParticipantOf the 3 locations we have rented, I can say without doubt that the yuppie McMansion set has been the absolute worst.
For one entire year, the only neighbor who spoke to us was another renter. (And fellow bubble sitter!)
I didn’t get too broken up about it because it helped me fine tune my shopping list when we eventually buy again. No McMansions. Not even in “upscale” areas. My perception is that it was more about appearances there… and the only way to gain approval was the prove you could afford to live there by buying. No thanks.
I could be wrong – or maybe I’m just a bit sensitive, but that’s how it felt.
So yeah, I have experienced what you are describing. The good news is that you are not stuck with these people forever — you get to move whenever you want. And to be honest, I think that’s enviable. π
KilohanaParticipantOf the 3 locations we have rented, I can say without doubt that the yuppie McMansion set has been the absolute worst.
For one entire year, the only neighbor who spoke to us was another renter. (And fellow bubble sitter!)
I didn’t get too broken up about it because it helped me fine tune my shopping list when we eventually buy again. No McMansions. Not even in “upscale” areas. My perception is that it was more about appearances there… and the only way to gain approval was the prove you could afford to live there by buying. No thanks.
I could be wrong – or maybe I’m just a bit sensitive, but that’s how it felt.
So yeah, I have experienced what you are describing. The good news is that you are not stuck with these people forever — you get to move whenever you want. And to be honest, I think that’s enviable. π
KilohanaParticipantOf the 3 locations we have rented, I can say without doubt that the yuppie McMansion set has been the absolute worst.
For one entire year, the only neighbor who spoke to us was another renter. (And fellow bubble sitter!)
I didn’t get too broken up about it because it helped me fine tune my shopping list when we eventually buy again. No McMansions. Not even in “upscale” areas. My perception is that it was more about appearances there… and the only way to gain approval was the prove you could afford to live there by buying. No thanks.
I could be wrong – or maybe I’m just a bit sensitive, but that’s how it felt.
So yeah, I have experienced what you are describing. The good news is that you are not stuck with these people forever — you get to move whenever you want. And to be honest, I think that’s enviable. π
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