View Poll Results: What Created The 2008 Financial Meltdown?

Voters
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  • Greedy Wall Street Investment Bankers /Deregulation of the financial Industry

    37 33.94%
  • Barney Frank, Chris Dodd and the CRA

    32 29.36%
  • Poor people buying houses they canít afford

    27 24.77%
  • Other

    13 11.93%
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Thread: What Created The 2008 Financial Meltdown?

  1. #111
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    Jetboogieman's Avatar
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    Re: What Created The 2008 Financial Meltdown?

    Teachers did

  2. #112
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    Re: What Created The 2008 Financial Meltdown?

    Quote Originally Posted by Tucker Case View Post
    False. As the bubble was bursting and values began declining, there were still inflated values being sent in.

    One of the main reasons that the values were inflating was because the lenders were getting their appraisers to "make the value work" so that the loan would be workable. (Can't get a cash out refi if there is no 'equity'. Often times, there was never any equity to begin with, especially in cases like the 115% LTV loans)
    It effectively does not make one bit of difference. We all get credit card offers all the time. Some are with absurd rates and interest escalators, etc. If I sign my name to a pathetic offer, and then accumulate debt on it, its seems that only a politician trying to get me on the nanny-state bandwagon will have sympathy, attempting to corrupt personal accountability in return for a vote.

    Like so many things, the home is worth whatever some fool will pay for it.

  3. #113
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    Re: What Created The 2008 Financial Meltdown?

    Quote Originally Posted by Jetboogieman View Post
    Teachers did
    And seniors.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  4. #114
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    Re: What Created The 2008 Financial Meltdown?

    Quote Originally Posted by Coin View Post
    Rothschild family and USA's wars costs.
    Moderator's Warning:
    What Created The 2008 Financial Meltdown?Do this again and you get thread banned. Your conspiracy theory crap belongs in the Conspiracy Theory Forum.
    "Never fear. Him is here" - Captain Chaos (Dom DeLuise), Cannonball Run

    ====||:-D

    Quote Originally Posted by Wiseone View Post
    This is what I hate about politics the most, it turns people in snobbish egotistical self righteous dicks who allow their political beliefs, partisan attitudes, and 'us vs. them' mentality, to force them to deny reality.

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    You can't paint everone with the same brush.......It does not work tht way.


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    See with you around Captain we don't even have to make arguments, as you already know everything .
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  5. #115
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    Re: What Created The 2008 Financial Meltdown?

    George W Bush and Ronald Reagan.

    Deregulation.

  6. #116
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    Re: What Created The 2008 Financial Meltdown?

    Quote Originally Posted by CowboyBob View Post
    Deregulation.
    Bingo! This was not missed by the OWS protesters either:


    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  7. #117
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    Re: What Created The 2008 Financial Meltdown?

    Quote Originally Posted by CowboyBob View Post
    George W Bush and Ronald Reagan.

    Deregulation.
    A true testimonial to the intersection of imagery and ignorance lubricated by politics and greed resulting in a predictable cataclysm, but no Republican could see it coming. Blind-sided, don't ya' know?

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