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Is obama insane, stupid or malicious?

Is obama insane, stupid or trying to destroy America?

  • insane

    Votes: 3 10.3%

  • stupid

    Votes: 6 20.7%

  • trying to destroy America

    Votes: 20 69.0%
  • Total voters
    29
iguanaman said:
Except that is about repeating his mortgage meltdown. You don't remember that it was on his watch? How convenient.
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Unless you accept that Barrack Obama is a complete and total mindless ****ing moron that lacks the capacity to do anything more than follow Bush's every word action and deed, then you must accept that Obama's actions are his own. He is not insane. He is not stupid. He is not attempting to destroy the country. He is incompetent. You obviously feel Bush was as well. Fine. But for you and people like you to blame Obamas incompetence on someone else...that is beyond pathetic.
 
Couldn't answer because mine wasn't up there: ignorance.
 
sawyerloggingon said:
What you are not grasping is WHY banks held toxic loans.
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Because they were getting $1200+ a pop just in origination fees? And that doesn't count what they charged for the assessment fees, the payments to cut points off the APR, and their ties to mortgage insurance companies. LOL! Don't kid yourself - banks are in the business of making money and no one has to twist their arm to do it. If you believe otherwise you should check yourself in.
 
We weren’t in a position to take advantage of the Reagan screw-up with the S&Ls to make investment home purchases even though the S&L that made the news was just down the street from us. Actually it was just for insiders at the S&L. But I and my relator neighbor saw the Bush screw-up coming. As I posted months ago: 12 Years ago I was advised, by someone that couldn’t see the danger, to buy an investment home in North Scottsdale before it was built so it would increase in price while it was being built, then sell it when it was completed. The builders were making many profitable sales and buying large quantities of trusses, AC units, land, infrastructure, etc. predicting many more sales. About 11 years ago we had an opportunity to move to Grand Rapids MI and took it. Housing prices in MI had already taken a bit of a hit, buyers were few, and we found a neat water front home that was in financial distress since the owner bought a new home before selling his current one. (Who was president then?) We sold our Scottsdale home just as the bubble was busting. If I was faster with my remodel of it I might have made about $25,000 more, but we did very well. Then about 5 years ago we started looking for a winter home in the Phoenix market. About 3 years ago we bought one, a short sale. The sale price of comps in the area has gone up about 50%. Last year we bought another for a family member. There were 11 bids on the one we found. It had a one morning open house. Mostly investors were there to see it. Our bid was the highest, several thousand above asking. (Then the 2nd loan holder wanted a thousand more or wouldn’t accept. We ponied up.) In one year sale prices of comps have gone up about 60% over what we paid. We are getting ready to sell this one and move our family member into a condo, more appropriate than the house, we bought last month. We also bought another house last month in a better location than the one we use for a winter home. So, let’s see, we own one condo and 4 homes. The last 4 purchases were for cash. Gee, if Obama was able to make it possible for more people with jobs and reasonable credit to compete with us by allowing the banks preapprove people for mortgages we would have had some competition.
We also think our risk is low since new construction costs and prices are well above what we paid and new homes are being built near our ‘investment’ homes.
 
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sawyerloggingon said:
.

"The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit
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what are you worried about...he prints trillions with the stroke of a pen.

it's all just a shell game....no worries at all....print more.....nazi Germany did the same....Reich Marks....if Hitler had the military might you people have it would be a valid currency today...
 
MoSurveyor said:
Because they were getting $1200+ a pop just in origination fees? And that doesn't count what they charged for the assessment fees, the payments to cut points off the APR, and their ties to mortgage insurance companies. LOL! Don't kid yourself - banks are in the business of making money and no one has to twist their arm to do it. If you believe otherwise you should check yourself in.
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Right, and when the gov says lower your standards but don't worry because we will back these loans up the banks are going to say, "OK by us"! :)
 
sawyerloggingon said:
Right, and when the gov says lower your standards but don't worry because we will back these loans up the banks are going to say, "OK by us"! :)
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Like the government can dictate to the banks! LOL! The government can't force banks to take risks unless Uncle Sam is willing to back them up. Come on, man, you need to take those glasses off!
 
MoSurveyor said:
Like the government can dictate to the banks! LOL! The government can't force banks to take risks unless Uncle Sam is willing to back them up. Come on, man, you need to take those glasses off!
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Come on "man" get your head out of the sand.:lol:

The CRA required banks to serve depositors in all neighborhoods in their areas, including those of low and moderate income. The NBER economists found that lending to borrowers in low and moderate-income census tracts increased around the the time of a bank’s regulatory exam and more of those loans went bad.

Read more here: Yes, the Community Reinvestment Act encouraged banks to make risky loans | Midwest Voices
 
sawyerloggingon said:
Come on "man" get your head out of the sand.:lol:

The CRA required banks to serve depositors in all neighborhoods in their areas, including those of low and moderate income. The NBER economists found that lending to borrowers in low and moderate-income census tracts increased around the the time of a bank’s regulatory exam and more of those loans went bad.

Read more here: Yes, the Community Reinvestment Act encouraged banks to make risky loans | Midwest Voices
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:roll: You and flogger were made for each other. You two should join Conspiracy Theorist's Anonymous.


If David or Mariner Kemper had written that I would actually pay attention to it.
But considering your source ...

http://www.pitch.com/plog/archives/...anahan-confused-by-language-science-the-world

Did you forget where I lived? LOL!
 
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sawyerloggingon said:
When you are beat in honest debate there is nothing left but to attempt insults but you fail even in that. Comparing me to flogger does not hurt my feelings.:)
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Then let me repost my edit and you can respond to that, then.

MoSurveyor said:
If David or Mariner Kemper had written that I would actually pay attention to it.
But considering your source ...

E. Thomas McClanahan confused by language, science, the world | Plog

Did you forget where I lived? LOL!
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sawyerloggingon said:
From the link in the OP you obviously did not read.

"The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit". People with weak credit getting qualified for loans is exactly what was done before.
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Weaker credit does not necessarily mean unqualified. Many if not most of the bad subprime loans during the boom had no income checking at all and no money down. That's a far cry from shaving a few points from a credit score requirement.
You also forget than most subprime loans were not GSE's but were bundled and sold to private investors who were duped into thinking they were safe high return investments. Do you think they are going to be fooled again? We need to get the home market moving inventory so construction workers can get back to work. As long as the Reps. are obstructing investment in infrastructure that is their only hope of a job.
 
VanceMack said:
Unless you accept that Barrack Obama is a complete and total mindless ****ing moron that lacks the capacity to do anything more than follow Bush's every word action and deed, then you must accept that Obama's actions are his own. He is not insane. He is not stupid. He is not attempting to destroy the country. He is incompetent. You obviously feel Bush was as well. Fine. But for you and people like you to blame Obamas incompetence on someone else...that is beyond pathetic.
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I find Bush incompetent because of the results of his actions. You seem to ignore results and attack ideas instead. Allowing more responsible borrowing is a good thing. Why shouldn't someone who is current on their mortgage be allowed to refinance at today's low rates simply because their home is underwater value wise? Bankers are greedy SOB's and they need to be pushed to do the right thing or they just won't.
 
iguanaman said:
I find Bush incompetent because of the results of his actions. You seem to ignore results and attack ideas instead. Allowing more responsible borrowing is a good thing. Why shouldn't someone who is current on their mortgage be allowed to refinance at today's low rates simply because their home is underwater value wise? Bankers are greedy SOB's and they need to be pushed to do the right thing or they just won't.
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I find you ridiculous in that you rush to ignore the incompetence and failings of the current CiC and instead blame Bush, bankers, Martians, and any and everything but your earthly god. With Obama...it's not his fault...he is just one man. With Bush, it's ALL his fault.

But more to the point...you can't ignore the face of Obama's incompetence by running around like Donald Sutherland from invasion of the body Snatchers pointing your finger and shrieking "Buuuuuuuuuuuush! Buuuuuuuuuuuuuush!"
 
VanceMack said:
I find you ridiculous in that you rush to ignore the incompetence and failings of the current CiC and instead blame Bush, bankers, Martians, and any and everything but your earthly god. With Obama...it's not his fault...he is just one man. With Bush, it's ALL his fault.

But more to the point...you can't ignore the face of Obama's incompetence by running around like Donald Sutherland from invasion of the body Snatchers pointing your finger and shrieking "Buuuuuuuuuuuush! Buuuuuuuuuuuuuush!"
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LOL You are the one ignoring the facts because of your obsession with Obama. Who HAD a Housing bubble and financial meltdown on his watch? If that ever happened while Obama was President I would be the first to complain about incompetence. It really did not take a genius to see what he was letting happen in the housing market would not end well. Read this speech and then tell me how bad what Obama is doing is.

We are here in Washington, D.C. to address problems. So I've set this goal for the country. We want 5.5 million more homeowners by 2010 -- million more minority homeowners by 2010. (Applause.) Five-and-a-half million families by 2010 will own a home. That is our goal. It is a realistic goal. But it's going to mean we're going to have to work hard to achieve the goal, all of us. And by all of us, I mean not only the federal government, but the private sector, as well.
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http://archives.hud.gov/remarks/martinez/speeches/presremarks.cfm
 
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iguanaman said:
LOL You are the one ignoring the facts because of your obsession with Obama. Who HAD a Housing bubble and financial meltdown on his watch? If that ever happened while Obama was President I would be the first to complain about incompetence. It really did not take a genius to see what he was letting happen in the housing market would not end well.
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5 years into his presidency and All you have are excuses. Across the board incompetence...it's all someone else's fault. Pathetic.
 
iguanaman said:
Weaker credit does not necessarily mean unqualified. Many if not most of the bad subprime loans during the boom had no income checking at all and no money down. That's a far cry from shaving a few points from a credit score requirement.
You also forget than most subprime loans were not GSE's but were bundled and sold to private investors who were duped into thinking they were safe high return investments. Do you think they are going to be fooled again? We need to get the home market moving inventory so construction workers can get back to work. As long as the Reps. are obstructing investment in infrastructure that is their only hope of a job.
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Bad credit is bad credit.
 
iguanaman said:
Excuses for what?
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Eeeeeeeverything. It's not his fault. He can't influence changes. It's congress. It's Bush. It's not his fault. He had a flat tire. The sun was in his eyes.

5 years into his presidency and all you have is its Bush's fault. Pathetic.
 
I really hate the definition of insanity. I wake up every morning and expect the day to be pleasant, despite it never happening in the past.
 
iguanaman said:
Weaker credit does not necessarily mean unqualified. Many if not most of the bad subprime loans during the boom had no income checking at all and no money down. That's a far cry from shaving a few points from a credit score requirement.
You also forget than most subprime loans were not GSE's but were bundled and sold to private investors who were duped into thinking they were safe high return investments. Do you think they are going to be fooled again? We need to get the home market moving inventory so construction workers can get back to work. As long as the Reps. are obstructing investment in infrastructure that is their only hope of a job.
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I will also add that construction normally accounts for about 8% of our GDP. Today it's about 5%, about 40% too low. :(
 
grip said:
I'll tell you what I *think* they may be doing. The housing market is just starting to show some signs of life but it'll probably peak early and fall back, unless they can spur it on further and try to ignite it. It's like a junkie going cold turkey, sometimes it's easier to taper or wean off drugs than quit suddenly. After they get the housing market rekindled, which would in turn spur job hiring and economic growth they could raise the lending standards back up? I just wonder if this is their plan or theory?
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exactly. and if real people are able to get into home ownership instead of the rental market, it will have other advantages as well.
 
shlunka said:
I really hate the definition of insanity. I wake up every morning and expect the day to be pleasant, despite it never happening in the past.
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You live in the wrong neighborhood
 
Removable Mind said:
You live in the wrong neighborhood
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Unpleasant in my perspective on the day, not on the area itself. I live in a lovely rural area that's quite scenic, and isolated enough to root out most idiots who would otherwise bother me.
 
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