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Forum: Political Threads

09-30-2008, 12:49 PM

Replies: 24

And who is at fault?

Views: 9,850

Posted By spence

You're citing a McCain ad as supporting evidence?...

You're citing a McCain ad as supporting evidence? :laugha:

-spence

Forum: Political Threads

09-30-2008, 11:09 AM

Replies: 24

And who is at fault?

Views: 9,850

Posted By spence

Are you forgetting that President Bush worked...

Are you forgetting that President Bush worked also to expand homeownership to lower income families as part of his pledge to create an "ownership society"?

And how about the markets who found a...

Forum: Political Threads

09-30-2008, 09:58 AM

Replies: 24

And who is at fault?

Views: 9,850

Posted By spence

Blaming this on Clinton demonstrates a lack of...

Blaming this on Clinton demonstrates a lack of understanding of the problem...

Yes, easing lending rules certainly contributed to the issue, but Greenspan's monetary policy, credit default swaps,...

Forum: Political Threads

09-29-2008, 11:49 AM

Replies: 24

And who is at fault?

Views: 9,850

Posted By spence

That certainly is what the FOX News piece is...

That certainly is what the FOX News piece is attempting to assert.

It's too bad the real problems are so complicated that none of us are really equiped to understand them and know if our...

Forum: Political Threads

09-28-2008, 04:37 PM

Replies: 24

And who is at fault?

Views: 9,850

Posted By spence

Wow, you nearly need a finance degree to...

Wow, you nearly need a finance degree to understand that.

Based on my understanding, basically what these are is like insurance for the lender. Someone else would agree to pay the loan if it went...

Forum: Political Threads

09-28-2008, 11:37 AM

Replies: 24

And who is at fault?

Views: 9,850

Posted By spence

I remember reading in the Wall Street Journal...

I remember reading in the Wall Street Journal last year of the family in California with a $90,000 household income who was given a $560,000 interest only variable rate loan. The interest payment...

Forum: Political Threads

09-28-2008, 10:22 AM

Replies: 24

And who is at fault?

Views: 9,850

Posted By spence

The FOX News report doesn't say who's at fault,...

The FOX News report doesn't say who's at fault, it only reports on one facet of the problem.

-spence

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