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10-10-2008, 09:13 AM
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#2 (permalink)
| | Senior Member
Join Date: Jan 2008 
Posts: 666
| Quote:
Originally Posted by rwemyss  | Just goes to show how dumb politicians really are. | 
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10-10-2008, 09:13 AM
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#3 (permalink)
| | Senior Member
Join Date: Sep 2007
Posts: 15,539
| Jihad Jimmy needs to remember who started this crap about lets give loans to folks that can't pay them back. | |
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10-10-2008, 09:15 AM
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#4 (permalink)
| | Arise chicken....
Join Date: Jan 2007 Location: Chattanooga, TN
Posts: 7,396
| Bush certainly did not help the situation, but he is no where near the blame for all of it. Wall St and mortgage lenders is who Carter needs to be venting to.
__________________  I love to go to the schoolyard and watch the children jump and scream, but they don't know I'm using blanks.  | 
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10-10-2008, 09:17 AM
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#5 (permalink)
| | doo doo doo
Join Date: Oct 2004 Location: looking out my backdoor
Posts: 16,436
| It's all those damn free houses he built - upset the housing inventory!
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Despite its widespread use the word "gullible" isn't in the dictionary! | |
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10-10-2008, 09:20 AM
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#6 (permalink)
| | The Dooley Era Begins!
Join Date: Oct 2007 Location: ATL
Posts: 8,033
| Alot more "government owned houses" are going to be turned into public housing as this bail out goes forward | |
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10-10-2008, 11:19 AM
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#7 (permalink)
| | Let's go hunting!
Join Date: Sep 2006 Location: home on the range
Posts: 8,163
| the Community Reinvestment Act of 1977 is the pebble that started this landslide.
__________________
Your freedom to be you includes my freedom to be free from you. | |
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10-10-2008, 12:20 PM
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#8 (permalink)
| | Senior Member
Join Date: Sep 2007
Posts: 15,539
| Quote:
Originally Posted by MG1968 the Community Reinvestment Act of 1977 is the pebble that started this landslide. | Spot on. | |
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10-10-2008, 12:22 PM
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#9 (permalink)
| | Wave yo hands in the aiya
Join Date: Oct 2005
Posts: 40,999
| Quote:
Originally Posted by MG1968 the Community Reinvestment Act of 1977 is the pebble that started this landslide. | maybe to some limited degree, but the wholesale opening of the floodgates over the past 10-12 years is the Trillion dollar elephant in the room. | |
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10-10-2008, 12:23 PM
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#10 (permalink)
| | The Dooley Era Begins!
Join Date: Oct 2007 Location: ATL
Posts: 8,033
| Quote:
Originally Posted by BigPapaVol maybe to some limited degree, but the wholesale opening of the floodgates over the past 10-12 years is the Trillion dollar elephant in the room. | and the CRA act was the first crack | |
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10-10-2008, 12:24 PM
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#11 (permalink)
| | I'm nutz, that's why
Join Date: Nov 2005 Location: Oviedo, FL
Posts: 30,024
| Carter giving advice on the economy or foreign policy is like CPF advising Stoops on what offense he should run. | |
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10-10-2008, 12:27 PM
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#12 (permalink)
| | Wave yo hands in the aiya
Join Date: Oct 2005
Posts: 40,999
| Quote:
Originally Posted by T-TownVol and the CRA act was the first crack | It was, but opening the doors to the broader market was the death knell.
Limited underwriting standards couldn't be aimed only at one market, so when they went, they went for everyone. Hence all of the exotic mortgages and goofball financing schemes that have now destroyed the capital base of the entire financial marketplace. | |
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10-10-2008, 12:29 PM
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#13 (permalink)
| | The Dooley Era Begins!
Join Date: Oct 2007 Location: ATL
Posts: 8,033
| Quote:
Originally Posted by BigPapaVol It was, but opening the doors to the broader market was the death knell.
Limited underwriting standards couldn't be aimed only at one market, so when they went, they went for everyone. Hence all of the exotic mortgages and goofball financing schemes that have now destroyed the capital base of the entire financial marketplace. | Can you write McCain's next speach? Spot On! | |
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10-10-2008, 12:31 PM
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#14 (permalink)
| | Wave yo hands in the aiya
Join Date: Oct 2005
Posts: 40,999
| Quote:
Originally Posted by hohenfelsvol Carter giving advice to my 4 year old son on the economy or foreign policy is like CPF advising Stoops on what defense he should run. | fyp | |
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10-10-2008, 02:17 PM
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#15 (permalink)
| | Senior Member
Join Date: May 2007
Posts: 1,814
| Quote:
Originally Posted by dantheman617 Bush certainly did not help the situation, but he is no where near the blame for all of it. Wall St and mortgage lenders is who Carter needs to be venting to. | While I am a charter member of the "Jimmy Carter please go away" club, it also is totally asinining to place all the blame on Carter for the economic woes of the late seventies and then turn around want to spread blame for the current economic woes. Can't have it both ways. Facts and truth of each situation are totally different but neither are solely responsible for the economic situations during their administrations.
Just so you experts know, Jimmy Carter is a brilliant man and FORGOT more about economics than most of you know COMBINED. His presidency was a disaster, no doubt, but you could double most your IQs and it wouldn't equal his. LOL
Last edited by truefan; 10-10-2008 at 02:20 PM..
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