Bash Obama Thread (1 Viewer)

[statsman]

You must remember that banks have always looked on mortgages as a necessary evil in their business. The money they lend for a mortgage is tied up for a long period of time. On the other hand, it was always concidered a "safe" loan since if the borrower defaulted, the bank could always sell the house and recover their money.

The banks never thought, what would happen if thousands of people defaulted. The glut in the housing market would greatly reduce the amount they recover.

I feel the main reason that banks got into mortgages in the first place (mortgages used to be the exclusive province of trust companies in Canada) was the variable rate mortgage and the renewable mortgage. You may have loaned the mortgage originally at a low rate, but the borrower had to re-new every five years at a new rate. Banks thought they would clean up. Didn't turn out that way did it.

 

[thesenator]

Here Israeli analyst provides a detailed comparison of Obama to Michael Jackson: http://samsonblinded.org/blog/michael-jackson-for-president.htmhttp://obamaforum.us/showthread.php?action=lastpost&tid=346

 

[Rich]

Here Israeli analyst provides a detailed comparison of Obama to Michael Jackson: http://samsonblinded.org/blog/michael-jackson-for-president.htm

Extreme right wing sentiment without a basis of fact, ideal for Republicans

 

[Alc]

Of course, this will have the inconvenience of causing the people who have been calling Obama names to have to decide - are they now going to call him a Communist or a Nazi?

If they pick the former, the 'comrades' remarks stand.
If they pick the latter, 'comrades' makes no sense.

 

[chergh]

Of course, this will have the inconvenience of causing the people who have been calling Obama names to have to decide - are they now going to call him a Communist or a Nazi?

If they pick the former, the 'comrades' remarks stand.
If they pick the latter, 'comrades' makes no sense.

Oh come on you don't really expect those hurling insults to actually understand what they mean surely?

 

[Alc]

Oh come on you don't really expect those hurling insults to actually understand what they mean surely?

Not really, but a little consistency would be nice.

 

[FoFa]

The banks never thought, what would happen if thousands of people defaulted. The glut in the housing market would greatly reduce the amount they recover.

That is the same thing that happened in the 80's, you would think they would remember that.

 

[Rick Stanich]

This is just frustrating! A bash Obama thread! Im from the USA and I am just upset....






































Because no one invited me to this!