On Apr 29, 4:25*pm, bpuharic wrote:
On Thu, 29 Apr 2010 05:51:52 -0700 (PDT), Mike
wrote:



On Apr 29, 6:18*am, bpuharic wrote:
On Wed, 28 Apr 2010 19:22:17 -0700 (PDT), Mike
wrote:

so tell me...how is it the fault of the middle class?

Doesn't matter though; you're brainwashed. *Carry on with your ranting
and raving.

*You* got screwed. *We get it.

Good grief :)

yeah. the problem with the right is they deny there's a problem.
caused by the unregulated free market.

they have their delusions. i have the facts

As much as I can't stomach some of the sleezy losers on Wall Street,
including the banks that endorsed creative BS financial tools like
CDS's, do you honesty think we, as middle class, were not somewhat
responsible for the record foreclosures, as you've claimed?

we were. we kept voting for politicians that preached free market
fundamentalism...look at the GOP and the teabaggers today, and the
fact they'll probably win the house in november.



I know people that were fully aware should not be trying to take out a
loan for a $450K+ house but did so anyway. *Also know people that
purposely faked their true incomes to get the loans. *And, many were
on a "home-flipping" spree and bragging about it during the housing
bubble. *They knew what they were doing.

But, according to you, it wasn't their fault. *They were the
"victims".

Give me a break.

the average % of homeowners has been about 65% for 40 years. that has
stayed constant. *homeowners werent responsible because we were
marginal influences. *compare that to the scope of CDO's:

1 trillion in '96

62 trillion in 2006.

tell me which was the bigger..by far...influence.



*Many* were responsible for the housing bubble and subsequent crash.
Including us regular Joe's and Jane's. *But also people like your
beloved Dems in Congress, namely The Honorable Congressman Barney
Frank.

irrelevant. you're talking marginal influences

i'm talking meat and potatoes. *that's why you need FACTS rather than
right wing myth



Sorry, just can't buy those statistics. You honestly think that
substantial increase didn't have anything do do with the many more
loans bundled up and sold off to investors? The fire that fueled the
CDO's and CDS's was the increase in loans and a "belief" that house
prices would continue to appreciate to astronomical levels.

If you really want to start tracing the origins of this mess, go look-
up the Community Reorganization Act (CRA) from the 70's. It was a
legitimate program.

But, later on (as you'll read), it became a *penalty* (and fine) for
banks not to loan (signed by Bill Clinton). Years later, the greedy
assholes on WS sunk their teeth into it and developed creative
financial tools to capitalize on it. But again, they were not
*solely* responsible. Many people, including us, were.

Mike

On Thu, 29 Apr 2010 15:05:36 -0700 (PDT), Mike
wrote:

On Apr 29, 4:25*pm, bpuharic wrote:
On Thu, 29 Apr 2010 05:51:52 -0700 (PDT), Mike
wrote:


they have their delusions. i have the facts


irrelevant. you're talking marginal influences

i'm talking meat and potatoes. *that's why you need FACTS rather than
right wing myth



Sorry, just can't buy those statistics.

yeah. god forbid you should actually consider facts. that would mean
rush is full of ****

You honestly think that
substantial increase didn't have anything do do with the many more
loans bundled up and sold off to investors? The fire that fueled the
CDO's and CDS's was the increase in loans and a "belief" that house
prices would continue to appreciate to astronomical levels.

?? what makes you think these had ANY relationship to the middle class
at all? jon chait in the 'new republic' details the king of CDO's,
'fab' tourre, in an email to his girlfriend, admitting these
'instruments' have NO relationship to ANY tangible assets at all

see, this is where you right wingers jump the track.

you have more faith in the rich than a saint has in christ, so are
unable even to comprehend that the 'financial engineering' (and, yes,
it's a real term, you can even major in it), has reality

contemporary finanical engineering invented instruments whose sole
worth was determined not by assets, but by perceived value of
investors...primarily the rich.

so they bought and sold this ghost investments to each other...told
each other the math was solid.

not realizing it was built on a house of cards....

but, of course, this involved the rich. not the middle class. you're
unable to even relate to such lies, because they DO involve the rich,
so you relate to them in the only way you've been taught

you blame the middle class

so, go ahead. believe 'fab' tourre. believe john paulson. go ahead.
keep voting right wing...they'll laugh all the way to the bank as you
continue to blow out the middle class.


If you really want to start tracing the origins of this mess, go look-
up the Community Reorganization Act (CRA) from the 70's. It was a
legitimate program.


25 of the largest 26 mortgage companies that went bust

were not subject to the CRA. another right wing myth.

But, later on (as you'll read), it became a *penalty* (and fine) for
banks not to loan (signed by Bill Clinton). Years later, the greedy
assholes on WS sunk their teeth into it and developed creative
financial tools to capitalize on it. But again, they were not
*solely* responsible. Many people, including us, were.

that's right. we kept voting right wing.

and they just kept laughing all the way to our paychecks


Mike

On Apr 29, 6:12*pm, bpuharic wrote:
On Thu, 29 Apr 2010 15:05:36 -0700 (PDT), Mike
wrote:



On Apr 29, 4:25*pm, bpuharic wrote:
On Thu, 29 Apr 2010 05:51:52 -0700 (PDT), Mike
wrote:

they have their delusions. i have the facts

irrelevant. you're talking marginal influences

i'm talking meat and potatoes. *that's why you need FACTS rather than
right wing myth

Sorry, just can't buy those statistics.

yeah. god forbid you should actually consider facts. that would mean
rush is full of ****

*You honestly think that

substantial increase didn't have anything do do with the many more
loans bundled up and sold off to investors? *The fire that fueled the
CDO's and CDS's was the increase in loans and a "belief" that house
prices would continue to appreciate to astronomical levels.

?? what makes you think these had ANY relationship to the middle class
at all? jon chait in the 'new republic' details the king of CDO's,
'fab' tourre, in an email to his girlfriend, admitting these
'instruments' have NO relationship to ANY tangible assets at all

see, this is where you right wingers jump the track.

you have more faith in the rich than a saint has in christ, so are
unable even to comprehend that the 'financial engineering' (and, yes,
it's a real term, you can even major in it), has reality

contemporary finanical engineering invented instruments whose sole
worth was determined not by assets, but by perceived value of
investors...primarily the rich.

so they bought and sold this ghost investments to each other...told
each other the math was solid.

not realizing it was built on a house of cards....

but, of course, this involved the rich. not the middle class. you're
unable to even relate to such lies, because they DO involve the rich,
so you relate to them in the only way you've been taught

you blame the middle class

so, go ahead. believe 'fab' tourre. believe john paulson. *go ahead.
keep voting right wing...they'll laugh all the way to the bank as you
continue to blow out the middle class.



If you really want to start tracing the origins of this mess, go look-
up the Community Reorganization Act (CRA) from the 70's. *It was a
legitimate program.

25 of the largest 26 mortgage companies that went bust

were not subject to the CRA. another right wing myth.

But, later on (as you'll read), it became a *penalty* (and fine) for
banks not to loan (signed by Bill Clinton). *Years later, the greedy
assholes on WS sunk their teeth into it and developed creative
financial tools to capitalize on it. *But again, they were not
*solely* responsible. *Many people, including us, were.

that's right. we kept voting right wing.

and they just kept laughing all the way to our paychecks



Mike

You know, the more I *get* your POV, the more I understand.

As I said before, get over it. The chip on your shoulder is one of
the largest I think I've ever seen.

I don't vote "Republican" all the time. In fact, here and there.
Votes are based on a (trying) legitimate common sense approach.

I don't like Politicians for the most part. I think they are
generally *all* corrupt. Doesn't matter what political affiliation
they belong to.

You're still wrong. You're just brainwashed to think the big, bad,
world is out to get you.

If you're living paycheck-to-paycheck, I understand. Make yourself
more valuable to your employer (or if you are an employer build
something of value).

But, stop blaming everyone else. You are brainwashed, as I've
mentioned before. Frankly, your attitude sucks. Keep it up and
you'll be one miserable "prick" for the rest of your life.

Think about it. Just offering a different POV. No offense.

Mike

On Thu, 29 Apr 2010 23:44:07 -0700 (PDT), Mike
wrote:

On Apr 29, 6:12*pm, bpuharic wrote:
On Thu, 29 Apr 2010 15:05:36 -0700 (PDT), Mike
wrote:



and they just kept laughing all the way to our paychecks



Mike

You know, the more I *get* your POV, the more I understand.

As I said before, get over it. The chip on your shoulder is one of
the largest I think I've ever seen.

'getting over it' is just another way of saying 'let 'em do it again'.

sorry. i don't enjoy getting raped.


You're still wrong. You're just brainwashed to think the big, bad,
world is out to get you.

hardly. if i was, i'd be a teabagger muttering about socialists and
the bilderbergers, like canuck does


If you're living paycheck-to-paycheck, I understand. Make yourself
more valuable to your employer (or if you are an employer build
something of value).

ROFLMAO!! with 8M unemployed, how valuable is ANYONE to his employer?
you right wingers have your little myths...no facts. it's cute!


But, stop blaming everyone else. You are brainwashed, as I've
mentioned before. Frankly, your attitude sucks. Keep it up and
you'll be one miserable "prick" for the rest of your life.

damn right my attitude sucks. i'm tired of seeing good, honest,
hardworkin people getting SCREWED economically AND having to take the
blame for the problems we have

and you? you just keep grabbing your ankles. nothing will ever get
changed that way? and the guys on wall street will just keep lining up
for another shot at you.

the difference between you and me is i'm willing to do something about
the problems we have. you just want to blame the victims.

Mike