The Government Housing Market - Upside Down

[banca rotta]

http://www.youtube.com/watch?v=ZUMwVDH3o-I&feature=channel_video_title

[AngelinaCatHub]

Excellent clip.

How many people would sign their "Government" mortgage if they were sitting across the table from loan officer Barney Frank?

[jacko]

Yep, post a youtube video and everyone thinks its a fact. My hats off to right wing talk radio who have successfully parlay the scapegoats. Barney Frank is still the straw man in this silly blame game. Who will it be next weeks boogyman. And you wonder why the Germans think Americans are a bunch of clowns in capable of fixing their nations mess.

[ QUOTE=AngelinaCatHub;544423]Excellent clip.

How many people would sign their "Government" mortgage if they were sitting across the table from loan officer Barney Frank?[/QUOTE]

[shark66]

Barney Frank is one of the characters that portray almost everything that is wrong with Dems today...

On the other side...wow, that's a tough pick but Lindsay Graham would qualify IMO...

Good luck to us all.

[banca rotta]

Yep, post a youtube video and everyone thinks its a fact. My hats off to right wing talk radio who have successfully parlay the scapegoats. Barney Frank is still the straw man in this silly blame game. Who will it be next weeks boogyman. And you wonder why the Germans think Americans are a bunch of clowns in capable of fixing their nations mess.

[ QUOTE=AngelinaCatHub;544423]Excellent clip.

How many people would sign their "Government" mortgage if they were sitting across the table from loan officer Barney Frank?

[/QUOTE]


I agree sometimes. Like the MSM on TV, radio, Newspaper print as well as some youtube is just BS!!!

This particular youtube however seems to consist of the facts. The facts are as I and others keep saying. Housing, healthcare and other assets and necessities are too expensive because of government involvement.

Most here keep complaining that they don't have enough money to make ends meet. Agreed! The govt needs housing and other prices to seek fair value.

[AngelinaCatHub]

yep, post a youtube video and everyone thinks its a fact. My hats off to right wing talk radio who have successfully parlay the scapegoats. Barney frank is still the straw man in this silly blame game. Who will it be next weeks boogyman. And you wonder why the germans think americans are a bunch of clowns in capable of fixing their nations mess.

[ quote=angelinacathub;544423]excellent clip.

How many people would sign their "government" mortgage if they were sitting across the table from loan officer barney frank?

[/quote]

You are absowutly wight my fwend. Evwey time I see a vacwent house, I think Thank Gwad we have Barney Fwank. If we did not have Barney, those people would not be visiting there wovedones and living with them.

BTW, How's Hope and Change treated you? You ARE on the Bankruptcy Forum now aren't you? 'Hub

[jacko]

Home owners over leveraged and used their residence as a ATM to maintain their lifestyle. There was no room for error when millions lost their jobs and did not have a rainy day fund to whether the storm. When your over valued primary residence stripped of equity to maintain lifestyle loses value due to real estate market correction, why would you not abandon it? Other countries like Germany have gov't regulation for the mortgage real estate industry, but there has been no crash. Why is that? We are endless consumption oriented consumers who can't get enough of Chinese junk to consume. Other countries such as Germany are involved in healthcare, but there costs are a lot less and more efficient.


I agree sometimes. Like the MSM on TV, radio, Newspaper print as well as some youtube is just BS!!!

This particular youtube however seems to consist of the facts. The facts are as I and others keep saying. Housing, healthcare and other assets and necessities are too expensive because of government involvement.

Most here keep complaining that they don't have enough money to make ends meet. Agreed! The govt needs housing and other prices to seek fair value.[/QUOTE]

[jacko]

OMG.. You blame POTUS for your own financial mess that you created by yourself. I take 100% responsibility for my irresponsible financial actions. There you go again for blaming Barney Frank for the foreclosure mess and the abandon homes. What has happened to this country?

As for POTUS and this current economic mess. We have not made the necessary investments to sustain first world quality of life, while Germany has. They retrain their unemployed for new careers and no one has to go tens of thousands of dollars in student debt to so. Our country is so fragmented politically and socially that there is no solution in sight.

You are absowutly wight my fwend. Evwey time I see a vacwent house, I think Thank Gwad we have Barney Fwank. If we did not have Barney, those people would not be visiting there wovedones and living with them.

BTW, How's Hope and Change treated you? You ARE on the Bankruptcy Forum now aren't you? 'Hub[/QUOTE]

[banca rotta]

home owners over leveraged and used their residence as a atm to maintain their lifestyle. There was no room for error when millions lost their jobs and did not have a rainy day fund to whether the storm. When your over valued primary residence stripped of equity to maintain lifestyle loses value due to real estate market correction, why would you not abandon it? Other countries like germany have gov't regulation for the mortgage real estate industry, but there has been no crash. Why is that? We are endless consumption oriented consumers who can't get enough of chinese junk to consume. Other countries such as germany are involved in healthcare, but there costs are a lot less and more efficient.

We had pretty good regulations, one being glass-steagall and it was over turned in 1999 by the republican congress, signed by president bj clinton.

The other regulator alan greenspan didn't think we were in a bubble (so he says), so he kept interest rates too low for too long which created the atm you are referring too.

One thing i noticed that you and other advocates of govt sponsored healthcare don't mention is like the usa, most of europe (including germany) is knee deep in debt.

Other then the asian tiger nations, pretty much all nations are in serious debt and will collapse as a result of it. The usa can print it's own currency and export it's debt so we aren't on fire (yet) like europe but that will change.

Germany is in better shape since they produce quality goods but when we go they go too.

I just think it's foolish that anyone uses bankrupt nations as a model for a particular program.

[banca rotta]

You are absowutly wight my fwend. Evwey time I see a vacwent house, I think Thank Gwad we have Barney Fwank. If we did not have Barney, those people would not be visiting there wovedones and living with them.

BTW, How's Hope and Change treated you? You ARE on the Bankruptcy Forum now aren't you? 'Hub

Fweakin Fwnny! LOL

[AngelinaCatHub]

OMG.. You blame POTUS for your own financial mess that you created by yourself. I take 100% responsibility for my irresponsible financial actions. There you go again for blaming Barney Frank for the foreclosure mess and the abandon homes. What has happened to this country?

As for POTUS and this current economic mess. We have not made the necessary investments to sustain first world quality of life, while Germany has. They retrain their unemployed for new careers and no one has to go tens of thousands of dollars in student debt to so. Our country is so fragmented politically and socially that there is no solution in sight.



You are absowutly wight my fwend. Evwey time I see a vacwent house, I think Thank Gwad we have Barney Fwank. If we did not have Barney, those people would not be visiting there wovedones and living with them.

BTW, How's Hope and Change treated you? You ARE on the Bankruptcy Forum now aren't you? 'Hub

[/QUOTE]

I believe you admire Germany. Since I am German by birth, I too admire their intellect. In fact I pride in it. Adolph was brilliant. He inflated money or let us say, he agreed in that precept to pay off the reparations of WWI with less valuable monies, ie Wayweir Republic. He got Germany out of the depression with very good rhetoric. He formed brown shirts (akin to our home guard 'Bammy is and has been forming) as well as the FEMA camps. Good ole Adolph, inspired PRIDE in the Country as it was down due to the loss of WWI, and the depression. He invoked Nationalism. He Socialized his Country and vowed a car in every drive and a chicken in every pot. VOLKSWAGEN (Peoples Car) was invented. His idea of attempting a war machine brought upon prosperity. He declared himself "Chancellor for Life". The rest is History. You tube a bit of History via Youtube. 1937 speech in particular. German with English sub-titles. See then if you have heard these words before? Think man, think. All that you have said is NOT all Bushes fault. It is three years past Bush and we are now in the second Great Depression. News media lies. They are actually left of you my friend. They work for 'Bammy not our Country.

There are numinous financial problems brought about by our Vacationer-in-Chief. Our health insurance has double in price as well as the deductible. Our cost of fuel is unnecessarily out of site. He has broken laws and shown corruption. (think Solaris). So my friend, I'm not going to discuss this further as your mind is made up, and mine as well. We leave as BK friends. Remember though what I said, you and I are both here for a reason. I see no light at the end of the tunnel as our neighbors keep moving out of empty buildings. I am however, stockpiling food and ammunition. I suggest you might consider this too. 'Hub

[jacko]

Germany is in further debt than we are, but they went all out with the stimulus and have a lot to show for it. They are not mired in misery as we are. When our economy tanks so does our safety net, while their's remained intact.

We had pretty good regulations, one being glass-steagall and it was over turned in 1999 by the republican congress, signed by president bj clinton.

The other regulator alan greenspan didn't think we were in a bubble (so he says), so he kept interest rates too low for too long which created the atm you are referring too.

One thing i noticed that you and other advocates of govt sponsored healthcare don't mention is like the usa, most of europe (including germany) is knee deep in debt.

Other then the asian tiger nations, pretty much all nations are in serious debt and will collapse as a result of it. The usa can print it's own currency and export it's debt so we aren't on fire (yet) like europe but that will change.

Germany is in better shape since they produce quality goods but when we go they go too.

I just think it's foolish that anyone uses bankrupt nations as a model for a particular program.

[shark66]

Germany's biggest problem is not their debt.

They know how to work hard and sell profitably, so they'll break even at some point.

However, a huge influx of immigrants from the Middle East that have no intent of assimilating into the society combined with a negative birth rate of natives may prove to be an insurmountable issue unless addressed *very* quickly...the same holds true for several other European countries...

Good luck to us all.