Here it is:

http://www.ritholtz.com/blog/2011/07/why-wallison-is-wrong-about-the-genesis-of-the-u-s-housing-crisis/

Nice quote. Note the references to REPUBLICAN lawmakers.

"Wallison [blamed F&F for the meltdown], of course, wrote a lonely dissent from both the Financial Crisis Inquiry Commission majority report and from his fellow Republican commissioners, in which he alone blamed the global financial crisis on U.S. affordable housing policies. This argument is clearly contradicted by the facts, including the following:

• Parallel bubble-bust cycles occurred outside of the residential housing markets (for example, in commercial real estate and consumer credit).
• Parallel financial crises struck other countries, which did not have analogous affordable housing policies
• The U.S. government’s market share of home mortgages was actually declining precipitously during the housing bubble of the 2000s.

These facts are irrefutable."
Apparently, some cannot read and respond to facts. Just change the subject and hope no one notices.

Correct answer gets the points! If no correct answer then closest does. Here’s a little about me. I have 3 kids & a husband, a mortgage but I don’t work. I play on the wii with my friends, I tan & I like distressed jeans. I like pop music & I go to church faithfully.

Correct answer gets the points! If no correct answer then closest does. Here’s a little about me. I have 3 kids & a husband, a mortgage but I don’t work. I play on the wii with my friends, I tan & I like distressed jeans and coffee. I like pop music & I go to church faithfully.

I’m sorry ~ but I really DON’T get it….why on earth would a woman want a husband back after he left her & their 2 kids (ages 15 & 13). She is 55 yrs old he is 40 yrs old. They are in my church…he "used" to be totally active in the church activities…then little by little everyone started noticing a change…eventually the word was he left his wife & kids for a 38 yr old woman he works with…needless to say his family was devastated….supposing they are trying to work it out…he lived with the "other" woman for approx 7 months then recently moved in with a male friend in another city, supposing while he & his wife "try" to work out the differences….in the mean time the wife is struggling to pay the mortgage & feed her & the kids…he is giving nothing toward their survival…all last week the wife & kids had to go to her mothers to eat as they had no food….yet on Sundays the husband will attend church with his family to "show" that he is "trying" to work things out….in the mean time the wife went from a confident person to telling everyone in church it is all her fault that she is a controlling person and it is her fault he cheated….I just don’t get it…if it was that bad why did he stay all those years and if your "trying" to work it out why live with another male in a completely different city approx. 20 miles away & why not make sure your wife & kids have food to eat? Any insight would be appreciated….maybe I am too independent I just really don’t understand why a woman would feel so desperate to belittle herself after going thru all that crap….
ADD ON:
FOR THE ONES INDICATING I SHOULD M.Y.B. "SHE" IS THE ONE WHO BROUGHT THE CONVERSATION UP TODAY IN CHURCH IN FRONT OF THE WHOLE CONGREGATION…

My husband has been 100% permanently disabled for the past 6 years. Because of his disabilities, I cannot work outside the home – someone has to be here to care for my husband. We live well below the poverty level. My husband recently needed surgery to repair an aortic aneurism just beneath his heart that was ready to burst as well as a 2nd aneurism in his leg. During the surgery, the doctor had to put my husband on a heart-lung bypass machine. The surgery cost more than one million dollars of which Medicare paid 97% of the cost. Our problem is that because of our other bills (rent, electricity, car payment for our only car – we live in the country miles from anywhere & can’t afford to move, furniture payment, car insurance montly payments, loan payment), we have literally no money to pay toward my husband’s remaining medical bills. Our church gives us groceries every month & our children’s schools supply our children with their clothing, shoes & school supplies.

My mother was never a "motherly" type. She has never had to work my dad always did.They are very well off. I have never asked anything from her because she will not give it anyway. She is one to give to her church and put on errs to others,but as for me and my brother nothing. I have found myself in a predictament though, I have a 6 year old that I transport to school and am 6 months pregnant. Me and my husband both work. She offered to loan us money for a car as she saw our car was unfit, I drive her everywhere shopping, appts.etc. and she wanted to feel safe too.Well the next day our car blew up & I asked her about the loan she said I changed my mind. But good luck to u!I do her hair 3 times a week, even when I had been sick with morn. sickness, She is the type that buys a candy bar for my daughter then tells everyone she bought my groceries for the month! We live next door, & I’m thinking she is nuts! She forgets things & makes up things that hasn’t happened too. She’s only 57.Help?
Well now I know she is crazy. She e-mailed me to let me know that she is no longer getting my children anything because of my attitude and has taken the baby car seat back to get her money. She also informed me she is no longer available to my kids and that I need help! Oh boy…

I need to work to help financially support my family of 5 people (my husband, 3 sons & me). My problem is that I can’t afford to pay for the gas to get to & from a job until I get my 1st paycheck. My husband has been 100% disabled for the past 6 years, I have to stay home to care for him, my husband just underwent major surgery to repair 2 aneurisms that were both about to burst, the surgery cost over one million dollars of which Medicare paid 97%. We have no money at all to pay toward our remaining balance because after we pay rent, electricity, car payment for our only car, car insurance, furniture payment, loan payment, & internet connection, we’re literally broke. Our church buys our groceries & our children’s schools buy their clothes, shoes & school supplies because we have no money left.

Probably an individual, changing "matter of heart", but concerning Scripture – Torah, can I charge interest, Usury?

I like to loan money to needy strangers at up to 6% Interest, but I’m very concerned about Scriptures & Torah & other references concerning charging interest (knowing it CAN be a sin, & I’m not supposed to do it to fellow church members or people in hardship & such).

In my heart, I think of them as needy, though they must be surviving stably enough to convince the small loan micro finance I use, so I guess they must be good-enough for the daily food, drink, shelter, clothing, yet in my heart I think of them as needy or in hardship.

In my heart, I don’t really think of them as "strangers" though I don’t know them & expect to never meet them in this life, plus I don’t think of not-Christians as strangers or anything bad really.

I’m very interested in references, quotes, along with opinion.

Thank you for any good help

I am a daughter taking care of Mom, a grandmother with a college bound very bright and career oriented professional. I have not worked since Sept. 2009 and yes I have been looking and want to work. I have a Mortgage headed for foreclosure unless God intervenes Right now me and my granddaughter are staying in a hotel because we don’t have lights at home. And now the only transportation we had has broken down and needs a engine. My car was already and is still in the shop for a transmission. We need a car to take my granddaughter back & forth to school, church & other meetings and activities. She is in a honors school and out of the city so there is no bus transportation. She just scored 1550 on her SAT and her desire is to major in Pediatric Medicine. I have a domestic violence ministry and I am very involved in church, community, and state ministry & missions. I feel so overwhelmed. I know God is able.

Theydidn’t spend a cent on my wedding their travel boarding lodging reception all paid by my dad.They created a major scene before the wedding and took away the decorated car for their son just as i was coming out of the house to go to church.Son had been a golden goose who earned as a Naval Officer and gave them all their salary for 8 yrs. He had no bank balance when we got married. My dad got him his wedding suit his parents wanted him to wear the suit that he had stitched when he joined the Naval Academy. My husband took a loan from the navy to build the house that my in laws stay in. They have created problems between us right through the 21 yrs of our marriage. If I feel ill (nothing serious) they’d write and tell my husband to tell Mr G (my dad) what a sickly girl their daughter is…… They’d send registered mail to make it seem as if I was not giving their letters to their son they then starting mailing letters to another officers recidence.
Fed up my husband stopped writing to them I continued. Years later when we wanted to build our abode on top of the ground floor that my hubby had consructed they said no what about the sisters , they should get the property and we stay in my dads house we tried making them understand but they didn’t relent. My hubby at last wrote off the property on his fathers name & bought a house in another city . they didn’t help during my pregnancies I lost one of our babies they didn"t show up.My husband had a major brain surgery yes they didn’t visit us then too. Now we are posted in the same city but we don’t visit my mother in law calls up regularly asking 4 money. I don’t want 2 help for till date they have not given me anything. She has called me all sorts of names including prostitute. They spend lavishly on their daughters kids and on refurnishing their own place how can they be in need of money. One daughter is suffering from severe depression they want us 2 take her in emotional blackma

1.) My first problem is that I don’t go to church. People are always asking me where I go to church at and I lie and say I got to this church called Trinity. But I’m stupid and didn’t realize there are kids that I know that go there that I told I go there also. (Like 3 people.) So I’m in a pickle…**Don’t get me wrong, I believe in God & Jesus but my parents have never taken me to church so I’ve only been like 6 times my whole life. I’m almost 15!

2.) My second problem is that my dad got laid off in January. January 3rd to be exact. I live in a town in Tennessee, and we are going to have to move in January if my dad doesn’t get the loan he wants. They refused to give it to him. If we move I’ll have to move 500 miles away from where I am now. I don’t want to. So I’ve been thinking of moving in with my sister if this does happen. It’s okay with her and everything. Do you think my parents will let me stay?

Big banks such as Bank of America, Citi Bank, and Wells Fargo often charges high closing cost. Are there other small banks or mortgage lenders that offer low rate & low closing cost?

I saw TV commercials that some personal loan companies (such as "Cash Call") also start doing mortgage loan. Are they reliable?

Thank you

Ok i have a full time job, And currently working a temp job everyonce in awhile. im not the type who plays the lotto, or belives it’s possible to win. i currently live in amarillo & im 23 yr old AND married. She’s 20yrs old and also works a full time job. we have no kids.
Now that i described thing that our nessecary i need help,
my rent is really high, and im suffering from debt several payday loans Which i KNOW i should have never taken out. so pelase dont go on abotu the evils of Paydays loans…i have learned my lesson.
i have sold or pawned everythnig i have to make it, but we just dont have enough money to keep going like this, the church helps everyonce in awhile with food But thats all.
We dont have any friends or family who is willing to help us…where alone in this mess.

Basicly i need help I need to know is there ANYWAY to make Fast or EASY money? legal?, illegal?, Government?, or just normal help I dont care really i just need to get some extra money, to pay off the debts.

if i could just pay off the debt or at least consolidate all of it to 1 easy monthly payment it would help. Problem is im not elgable for Debt consolidation, So i dont know what to do anymore.

Finaly i have pretty bad credit AND my wife has ZERO credit….we dont have ANYONE willing to co-sign a Large bank loan to help me Consolidate it.

PLEASE anyone out there who knows how i can make easy money or how i can get a bad-Credit no co-sign Conslidation loan or even just some way to feed my family.

im young and i make mistakes, but now i learned from them and im ready to get out of my mistake and learn from all of this.
Rent is cheapest in town due to the fact my in-laws our renting us the aparment But wont let us live there for free REGARDLESS of the Sutiation.

also bankruptcy cost 0 how can i file Bankruptcy if i cant even make minmal payments on the loans!

Ok i have a full time job, And currently working a temp job everyonce in awhile. im not the type who plays the lotto, or belives it’s possible to win. i currently live in amarillo & im 23 yr old AND married. She’s 20yrs old and also works a full time job. we have no kids.
Now that i described thing that our nessecary i need help,
my rent is really high, and im suffering from debt several payday loans Which i KNOW i should have never taken out. so pelase dont go on abotu the evils of Paydays loans…i have learned my lesson.
i have sold or pawned everythnig i have to make it, but we just dont have enough money to keep going like this, the church helps everyonce in awhile with food But thats all.
We dont have any friends or family who is willing to help us…where alone in this mess.

Basicly i need help I need to know is there ANYWAY to make Fast or EASY money? legal?, illegal?, Government?, or just normal help I dont care really i just need to get some extra money, to pay off the debts.

if i could just pay off the debt or at least consolidate all of it to 1 easy monthly payment it would help. Problem is im not elgable for Debt consolidation, So i dont know what to do anymore.

Finaly i have pretty bad credit AND my wife has ZERO credit….we dont have ANYONE willing to co-sign a Large bank loan to help me Consolidate it.

PLEASE anyone out there who knows how i can make easy money or how i can get a bad-Credit no co-sign Conslidation loan or even just some way to feed my family.

im young and i make mistakes, but now i learned from them and im ready to get out of my mistake and learn from all of this.
we already live in a studieo apartment, and the rents high no matter where i look, we actulyl got a cheap place comapred to the rest of town.

we already cut everything hince the selling stuff now…
bankruptcy cost 0 doller how am i going to get that if i cant even make the normal payments??

My friend’s pastor & his wife live in a house next to the church on the same property. Its a smallish, rural church, with one full time pastor. In the past, all the pastors they have had have lived in that house. When they quit being the pastor they had to move.

So I’m curious, and my friend didnt know: If the pastor keeps on being pastor til he is too old to give sermons anymore, then what? It wouldn’t be very church-like to kick him out in his old age. But if the old pastor keeps living there, what do they do for/with a new pastor? Then, if the old pastor dies in the house, the new one wont want to live there will he? So what does the church do?

Also, since he’s full time and the church pays his salary, does the church pay him less because he doesnt have rent or a mortgage to pay for (since he lives in that house by the church)? Who decides how much he gets paid? It wouldn’t be right if HE did, would it? Do the deacons vote or something, how does it usually work?

This year is the first year my husband has been considering self employed. I work part time and got a W2 and paid taxes, but he recieved a 1099MISC. I went online to file yesterday and the results were that we were to be refunded 00. Thinking that that couldn’t be right, I tried another online service, and it came up that we owed over 00. Hoping that third time is a charm and that I would find a match, I tried yet another service and it resulted in us owing 0.

The questions on all three services are virtually the same, and I’ve checked and double checked my entries. We are using the standard deductions, have two kids, and make less than 000 collectively. (My husband was out of work for Jan,Feb&Mar). The only other deductions I took were my college loan interest, church donations and Goodwill donations. So the return isn’t complicated.

I don’t understand how the results could be SO different! Any advice? I really would like to avoid going to have the taxes done because we don’t have the 0 to pay for it (I’ve called for the cost). Then again, I don’t want to file and have it come back to haunt us. I haven’t lied or made anything up, I’ve just answered the questions…so why oh why is it coming up so different?

Any advice welcome….Thank you.

I’m looking into buying a used car in a few months (BMW) & I’ll be going to Lending Tree for my loan. I just wanted to ask can you-yourself choose the terms(Months) that you want to pay off the car or does the finance company choose it depending on your credit history & how much money you put down?(My Credit History isn’t all that good) The car I’m looking at is about ,000 & I’m thinking about putting 00-00/down & want a term of 72/Months & I might sell the car later after maybe 4yrs. I just want a payment term that will have payments under 0 because I will be moving into an apartment with my cousin soon plus all the other bills we’ll have. So can you choose the term(months) you want or does the financing company?

When the Church elders go to a Bank for a Mortgage don’t they have to show the Bank that they are Credit Worthy?

Don’t Churches buy Supplies ect. and when they don’t pay they don’t get anything?

Don’t Churches employ people, even self-employ?

Doesn’t a Church have to pay unemployment tax?

Doesn’t a Church provide a Service ? Do they take money for them? They get Paid by Donations…, OK…so:

So does a Waitress, and she has to declare that on her Taxes, doesn’t she?

So why are Churches exempt from Taxes?

Where I’m getting at is the following:

I see religion as a Addiction. It’s very hard to quit once you’re in it. Churches target Children for their SPECIFIC BRAND of religion.

I see this as a parallel to the Tactics used to deal the Tobacco Industry.

Tax the Tar out of them and make them Pay damages for what they have done to the Public.

Pretty soon Churches would be only for the ones that can afford them.

Also it would curb Child & Juvenile Membership, so that they can make their own decisions once they are MATURE enough to understand what they are doing !

I don’t say outlaw Churches, just treat them for what they REALLY are !
Man i feel like saying:

******TORPEDOES AWAY********!!!!
Is that why some Churches grow into MEGA CHURCHES that hold THOUSANDS of People?
Build it and they will come, sorta like a Mall?

A lady I know is always (age-early 30’s) down, unhappy, never smiles, sad, single mom (previous abusive relationship), 3 small children, has health problems (severe asthma) and struggles financially (lives in 2-rm apt), emotionally impaired at this point, & psychologically distraught. I take her & the kids to church when she will go; her family tries to support her all they can; I loan my vehicle to her or give her a ride when needed, etc. She is really a good, good person and trys very hard to do the best she can. She’s had to move 12 x in 8 years; oldest child is 8 and youngest is 6 mos w/no clothes for baby & washes out liners for bottles! What tapes, videos, or cds can I get for her to motivate, inspire, uplift, and help this woman in hopes that she will find a way to heal? Or anything that I can do or say to help? Thank you.
"Three grand essentials to happiness in this life are something to
do, something to love, and something to hope for."
–Joseph Addison

And if you choose to address the question of ongoing home foreclosures in the US, could you add what you think is the best way to approach this crisis "spiritually" ?

Is this a social and economic problem that the churches & mosques & synagogues should be handling, exclusively?

Is it a situation that a secular government should be handling, exclusively?

Is it a situation that people with "underwater" mortgages can only handle well if they’re Christians — or Jews — or Muslims — or atheists?

Or is it a problem requiring a mix of different approaches?

As I sit here writing this no one in my family is talking to me nor have they spoken to me for the past three days. Here is my story:sorry it’s long.
I came home for spring break form college and didn’t go to church with
my family on Easter Sunday (I’m have doubts about organized religion) so this Sunday I didn’t go neither so my parents sat my family down to have a "prayer meeting" they basically said that if I kept on this pattern
I was destined for Hell.
Then my dad proceeds to give my 18 year old sister 100 dollars for "good Christian" behavior because she goes but I don’t. And told me I should be more like her. my sister just lost credit in her senior calculus class
because she never goes and when she does she’s late by 15 minutes
her report card came in the mail on friday and she has yet to show it to them I found it in the trash she failed most of her classes (even gym)
and she never had a job(doesn’t want one unless it’s Special & she can
make her own hours) plus she lied to my parents about getting her
acceptance letter from a college when the truth is she didn’t even
apply. (so basically there rewarding her for lying and bad grades)

Me on the other hand I’m a biology major planing to go to medical
school and I work and pay for everything for myself plus my grades are
good and I play soccer (which helped me pay for most if my
tuition)and I shadow Doctors on my free time at the university hospital
in Chicago. My dad told me that even with all my education it means
nothing if I don’t go to church I still believe in God but don’t want to be Baptist or follow their practices.
I wanted to come home this summer and work plus take classes online through my college so I can start paying my student loan(5000) but I
already brought my air plane tickets (I’m originally from new jersey but
i go to college in chicago) I have no place else to stay but with my
parents for the summer.(which they threaten to kick me out if I don’t start going) how can I make them understand I’m not interested In
church at the moment and that i am an adult -for God’s sake im going to be some body’s Doctor someday you would think they would trust me to make my own choices-I know if I go I’m going to be mad about it
and it’s going to show. I’m not good at hiding my feelings when I feel strongly about something.
And my sister was loving ever second of this-please no rude comments

Me on the other hand I
Yes I know it’s not going to KILL me to go to church but it’s not soely based on religion my parents are using this as another way to have CONTROL over me (what to think wear who I can see how to behave) I’m 20 and have to be in the house by 9:30 even when I’m away at college they expect me in the dorms at that time.

My fiance and I are going to meet with a baptist pastor tomorrow afternoon to see if he will marry us. The church itsself does allow for the marriage of non-members as long as they are christian. We are both baptized baptist christians and at least I consider myself religious – I pray every day & feel that I have a relationship with God, but neither of us regularly attend church. Another concern is that we live together, and my friend (who is also engaged) told me her pastor said they have to move out & stop living together! Thisis NOT an option for us, we have a mortgage & a dog. I really want to be married in a church as a christian it is important to me, but I am also of the mindset that only God can judge the decisions I make about how to live my life…but I understand also why a pastor would say something about this to us as well.

Anyway, I am wondering if anyone has been in this situation before and what happened when you talked to the pastor?

My husband is in Iraq & we’ve fallen in love with a property in Temple, TX. Unfortunatley all of these regulations for sub prime loans just changed and my lender backed out yesterday. We’re supposed to close by the 6th of April! So, I’ll lay it out here and if anyone has a suggestion please let me know ASAP! Thanks so much!

House: 3 bedroom/1 bath on 8.5 acres, property has "church" on it with another 3 bedrooms, 2 baths, kitchen, ect. There are also 2 small horse barns.
We offered 5k and buyer will pay up to k closing costs. We have 0 earnest money on the property.

Credit: I filed bankruptcy solo (ch 7) last year due to some medical issues (long story) and it was completed 12/06. My middle score is 619 and debt to income is great. My husband has a lower score, in the 520’s. His income is slightly less than mine, but still good debt to income for him too.

We have 00 to put down & understand our interest rate will be higher, but we’ll refi later. Please help
Can’t go VA because of my bankruptcy, thanks though!

Required Funds and Their Uses

Sources of Funds:

Loan 1,471
*Loan repayment for 10yrs. At 7% interest
Owners capital 5,000.03
Tiana’s church donation 0,000
Tiana’s parents donation 0,000
Adria’s church donation 0,000
Adria’s family donation ,000
Chelsea’s family donation ,000
Anthony’s family donation ,000
Total Start up cost for the year: ,601,471.03

Rent 0,000
Kitchen equipment rent ,000
Utilities 4,000
Telephone line installment ,000
Insurance ,000
POS Systems ,000
Uniforms 4
Small wares ,000
Menus ,500
Food vendor 4,000
Liquor & Beverages 0,000
Cable installment 0
Legal Fees ,000
Accountant ,000
License and permits ,800
Computer 7.88
Internet, phone, & cable package ,305.48
Office supplies ,384.56
All in one fax & printer 9.99
Marketing ,050
Entertainment ,000
Linens 00
Salary 0,000
Wages 1,920
Payroll ,269.12
Subtotal ,601,471.03

How can I get a home loan with no down payment ,100% financing,& with bad credit or no credit. I’m in the most horrible shape financially of my life and i have a wife and two kids living in another state i’m currently renting an apartment and have found out that my kids are depressed and want to move close to where we used to live i’m hoping to be able to buy a home in indiana or in illinois but first i need to know if i can be eligible for a home loan. can anyone help? please.

Our old church sold the biulding we had & after paying off the mortgage they had over 0,000. The pastor feels he should get a lump sum from this as a retirement package. As far as we can tell he is looking for around 0,000. While we were still at the chuch & on the board we took good care of this man and his family. We paid him around 35K and we actualy gave him the church parsonage & continude to pay the mortgage & all utillities. Once the parsonage is personle property it gets taxed we paid that too & all property taxes scinc hes owned it. We gave him a car allowance & pay all the insurance gas maintainence repairs. Medical & life insurance are allso provided. On top of all this we set up a retirement package for him. Now he says he was never given a retirement plan. Imajine if you could put all the bills we paid in your retirement. His current board wants to give it to him 200,000 How can we stop this man from taking what was given to do the work of the church

ALL voters (of any political party) how much does high interest rates, failure to regulate – banks as in excessive approval for blind speculation on trends in growth such as real estate, wall street trends and commercial development & especially failure to regulate against fraud from happening on Wall Street – how much does this bankrupt who countries’ economies?
I mention this especially because of "Laissez Faire" economic policies that are foolishly thought of as "practical", "what works" & is even endorsed by the libertarians & is usually endorsed as a economic policy & for business practices and application on wall street, banks & a lot of business in general by the conservatives in power (especially the republicans). To make it worse is even a lot of non conservatives (yes this means the democrats & possible other non conservatives in other nations/countries) have endorsed and adapted this as an economic policy and way of doing business as well. The thing is though, while not going overboard on regulations is one thing, but it’s an entirely different matter than having too much regulations by going to extremes and having none. It’s an entirely different matter altogether, because to have policies of encouraging by deliberately ignoring financially destructive recklessness with an abundance of approvals of extremely risky bank loans & ignoring fraud ahead of time altogether by not allowing preventive measures & restrictions with laws & regulations to stop fraud & minimize, if not entirely stop extreme risks with bank loans – to have such policies brings on the risks of needing loans from international banks for economies. With the recent extremely high amount with trillions of dollars for an economic bailout for the economy – that’s an obvious example of such things happening. What if someday the the banks of the world refuse to take risks of loaning money if it’s needed anytime soon? What will the economy do then? Collapse?
Case in point even libertarian U.S. Federal Reserve Chairman Alan Greenspan admitted he was wrong with his economic policies/philosophies all those years of non government involvement (avoiding regulations) in business. Yes, I’m talking about the same Alan Greenspan who was head of that office from August 11, 1987 – January 31, 2006 (which was while the US had mostly conservative presidents as well as a conservative majority on capitol hill in Washington most of the time).
Doubt Alan Greenspan would admit to being wrong? Well then have a look at this documentary – towards the end of this documentary (right at around the last 5 minutes) – yes, HE ADMITS TO HAVING BEEN WRONG WITH HIS ATTITUDE ABOUT LAISSEZ FAIRE ECONOMICS BEING "RIGHT" IN FRONT OF THE U.S. CONGRESS AND SENATE -

http://video.pbs.org/video/1302794657/

SO – is it worth bringing the ruining and collapse of the U.S.’s economy along with the economy of the world’s other countries and plunge the world into such deep economic depression and ruin that no country recovers and brings the entire world into world wars including worse world wars again?
In other words, like I asked at the top and beginning of this question, which pertains to what I’ve mentioned – how much does high interest rates, failure to regulate – banks as in excessive approval for blind speculation on trends in growth such as real estate, wall street trends and commercial development & especially failure to regulate against fraud from happening on Wall Street – how much does this bankrupt who countries’ economies?
"Bill Clinton’s creation ( The Subprime Mortgage) from his "Partners in America: National Homeownership Strategy" – Forced lenders to lend in markets and to borrowers who could never before quality. This created a Housing boom built on bad credit.
Fannie Mae ( Staffed by Clinton) Buying, packaging and selling those bad loans to Wall Street and our 401k’s.
Democrats who Blocked all 12 attempts by Bush to regulate Fannie Mae"
IF PEOPLE ACTUALLY WILL WATCH THE DOCUMENTARY THEY WILL SEE IT WAS GREENSPAN’S GANG WHO TOLD CLINTON (WHO NAIVELY TRUSTED GREENSPAN’S JUDGEMENT) – IT WAS GREENSPAN WHO ADVICED CLINTON TO NOT HAVE ENOUGH REGULATIONS.
"This mess is the direct result of Government intervention into the free market for the goal of getting more votes !" -Again- NO IT WAS GOVERNMENT’S LACK OF INTERVENTION in the free market THAT CAUSED "this mess"- EVEN GREENSPAN ADMITTED THIS – WATCH WHAT GREENSPAN SAID AND THEN COMMENT IF YOU DON’T BELIEVE ME.
Les S – I like your Gandhi avatar –
I hope you’re wrong about regulations not being allowed to work. The possible repercussions & scary future of regulations of the marketplace is very frightening to even consider the possibilities of, because economic collapse & poverty contributed to madmen such as adolf hitler rising to power & creating nazi Germany.
"Democrats who Blocked all 12 attempts by bush to regulate Fannie Mae" – "This mess is the direct result of Government intervention into the free market for the goal of getting more votes!" -
First of all HOW does that make any sense??? –
If someone like bush (supposedly) wasn’t allowed to intervene with regulations to regulate Fannie Mae – how was that the direct result of Government intervention into the free market for the goal of getting more votes!"??? because how is NOT regulating doing any regulating?
Granted there were some democrats who were just as guilty of not wanting regulations because of listening to Greenspan, but nobody told any of them to blindly listen to Greenspan who later admitted he was wrong and Greenspan was going by a Laissez Faire a Laissez Faire philosophy because he blindly thought ayn rand couldn’t be anything but right and ayn rand blindly followed nietzsche who blindly followed machiavelli.
"Proof? 2008 a very heated Election Year Both Houses controlled by Democrats. Yet.. incredibly there was NO Investigation as to why." -

No I realize it’s not hard for people to figure out that the democrats didn’t want there to be ANY question of using "fixed" voting machines & rigged/phony votes UNLIKE bush’s camp who used "whatever means necessary" to win their elections.
However- That’s besides the point because I don’t trust the democrats blindly as I don’t trust the conservatives or libertarians either – If I trusted any existing party in the U.S. more for honesty’s or reliability with their policies’ sake, it would be the Green Party, but they’re a bit too pacifist for me, because in the real world defense IS needed. However there’s a huge difference in the reasons about why the Iraq war went down as opposed to why it’s necessary for taking out the al qaeda for good. Stopping the terrorists and nutty taliban is more important than making money for bush & oil company CEOs.
Edit – Perhaps maybe it’s worse than a Plutocracy – maybe it’s a Kleptocracy.
So also if that’s the case – I hope not about that either.
Perhaps campaign finance reform would actually help to correct that, but considering that Capitol hill & especially their supporters probably would never let a bill like that go through – maybe some wealthy guys who didn’t like the other wealthy guys and their system that gives unfair & uncalled for advantages for the wealthy & corporations, might have to start sending lots in campaign money for a lot of independents who aren’t republicans, democrats or liberatarians and then imagine if those independents flooded out the others and not care about their system that makes paupers out the working class while the wealthy stays wealthy.
It sounds far fetched to think that wealthy people might get aggressive against other wealthy people & their whole system such as in like a Zorro or Robin Hood, but I’ve seen odd things happen before.

I had to sell my home because of finances. When I moved to a rental community, it was horrific. I asked about recycling and they told me where the dump was. No recycling. Bottles, plastic, glass all over the place. Trash can be lighter and brighter giving back. I think city & state officials should INSIST that all commercial & residential have options.

This is an existing Bed & Breakfast home stay (NOT an inn). It is NOT zoned commercial. The previous owners used it as their primary residence and we would too. There are a total of 5extra bedrooms that we would provide transient lodging from. I’ve gotten differing answers from various lenders. We have been approved for an FHA loan. Since this IS our primary residence, can we Proceed?

Just watch TV for a couple of minutes and you’ll see how much bull#@&! is said. examples like:
money lenders saying " call us for loans, we don’t care what ur credit is, we trust you". or these medical companies that say university and clinically approved miracle pills. These ads are such bull%$#@. how can the government allow this false advertising to go on. are there not any governing bodies to oversee this? and if so why aren’t they being sued. It seems more like this is not the land of the free, but more like the land of the scam artist. I live out of the country for half the year and its very embarassing when foreigners laugh and make fun of how america is full of scams and people that abuse the system, and you can’t argue back because they’re right.