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Sub Prime debacle that is coming......

Saniflush

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"Hey my friends are the ones that wanted to eat at that shitty hole in the wall that only served bread and wine.  What kind of brick and mud business model is that.  Stick to the cart if that's all you're going to serve.  Then that dude came in with like 12 other people, and some of them weren't even wearing shoes, and the restaurant sat them right across from us. It was gross, and they were all stinky and dirty.  Then dude starts talking about eating his body and drinking his blood...I almost lost it.  That's the last supper I'll ever have there, and I hope he dies a horrible death."

Tarheel

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Re: Sub Prime debacle that is coming......
« Reply #1 on: March 07, 2008, 02:43:46 PM »
Who will roast in hell over it?

http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true&pl

I am guessing that getting a Liar's Loan is next to impossible now eh?


Anyway, don't you know that it is all the Bush Administration's fault!  Damn, man!  Where have you been?  This is all George W. Bush's fault! (yall know this is sarcasm, right?)
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The question isn't who is going to let me; it's who is going to stop me. 
-Ayn Rand

The problem with socialism is that eventually you run out of other people's money.
-The Right Honourable Margaret Thatcher

The government solution to a problem is usually as bad as the problem.
-Milton Friedman

The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'
-Ronald Reagan

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.
-Thomas Jefferson

Jumbo

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Re: Sub Prime debacle that is coming......
« Reply #2 on: March 07, 2008, 10:59:08 PM »
When I was approved for a 250k Mortgage, I knew the mortgage industry was rolling down hill like a snowball headed toward hell.
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CCTAU

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Re: Sub Prime debacle that is coming......
« Reply #3 on: March 09, 2008, 11:28:47 PM »
When I was approved for a 250k Mortgage, I knew the mortgage industry was rolling down hill like a snowball headed toward hell.

But did you sign anyway?
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Five statements of WISDOM
1. You cannot legislate the poor into prosperity, by legislating the wealth out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it.
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friends, is the beginning of the end of any nation.

Jumbo

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Re: Sub Prime debacle that is coming......
« Reply #4 on: March 10, 2008, 03:00:29 AM »
But did you sign anyway?
Oh hell yeah! I'm chapter 7 away from Freedom :super:
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Buzz Killington

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Re: Sub Prime debacle that is coming......
« Reply #5 on: March 10, 2008, 05:02:30 PM »
Oh hell yeah! I'm chapter 7 away from Freedom :super:
Larry Langford thanks you.
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Now I may be an idiot, but there is one thing I am not, sir, and that, sir, is an idiot.

Jumbo

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Re: Sub Prime debacle that is coming......
« Reply #6 on: March 11, 2008, 02:40:11 AM »
Larry Langford thanks you.
I need to hit up some nice Check Cashing place and pawn my car title :wave:
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GarMan

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Re: Sub Prime debacle that is coming......
« Reply #7 on: March 11, 2008, 02:29:32 PM »
Who will roast in hell over it?

I think that everyone who foolishly signed an agreement that they couldn't meet should lose their homes.  Just about everyone who participated in the subprime disaster should carry some level of responsibility in this mess.  Let them lose their houses.  Let them lose their jobs.  Let the companies go out of business.  People acted stupid, and stupid actions should be painful.  These are the consequences, and they rightfully earned them. 

Of course, I do believe that the government owes a bailout to some of the banks out there.  Those banks that were forced to provide loans under mandate by federal legislation for low income communities and affirmative action shouldn't be penalized for following the government's rules.  Of course, that's not nice of me to recognize that.  Madam Queen Czar Hillary might retroactively punish me for my opinion. 
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My rule of life prescribed as an absolutely sacred rite smoking cigars and also the drinking of alcohol before, after and if need be during all meals and in the intervals between them.  - Winston Churchill

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Tarheel

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Re: Sub Prime debacle that is coming......
« Reply #8 on: March 11, 2008, 02:39:14 PM »
I think that everyone who foolishly signed an agreement that they couldn't meet should lose their homes.  Just about everyone who participated in the subprime disaster should carry some level of responsibility in this mess.  Let them lose their houses.  Let them lose their jobs.  Let the companies go out of business.  People acted stupid, and stupid actions should be painful.  These are the consequences, and they rightfully earned them. 

Of course, I do believe that the government owes a bailout to some of the banks out there.  Those banks that were forced to provide loans under mandate by federal legislation for low income communities and affirmative action shouldn't be penalized for following the government's rules.  Of course, that's not nice of me to recognize that.  Madam Queen Czar Hillary might retroactively punish me for my opinion. 

It'll be off to the Re-education Center for you buddy with remarks like that!  How dare you point out lack of personal responsibility!  Where's your compassion?
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The question isn't who is going to let me; it's who is going to stop me. 
-Ayn Rand

The problem with socialism is that eventually you run out of other people's money.
-The Right Honourable Margaret Thatcher

The government solution to a problem is usually as bad as the problem.
-Milton Friedman

The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'
-Ronald Reagan

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.
-Thomas Jefferson

Saniflush

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Re: Sub Prime debacle that is coming......
« Reply #9 on: March 11, 2008, 02:42:13 PM »
Moreover how can you make an accusation about the Federal government mandating something that makes no sense?  Stay where you are.  There are people coming for you now.
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"Hey my friends are the ones that wanted to eat at that shitty hole in the wall that only served bread and wine.  What kind of brick and mud business model is that.  Stick to the cart if that's all you're going to serve.  Then that dude came in with like 12 other people, and some of them weren't even wearing shoes, and the restaurant sat them right across from us. It was gross, and they were all stinky and dirty.  Then dude starts talking about eating his body and drinking his blood...I almost lost it.  That's the last supper I'll ever have there, and I hope he dies a horrible death."

AUTailgatingRules

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Re: Sub Prime debacle that is coming......
« Reply #10 on: March 12, 2008, 11:42:45 AM »
How about a more rational look at foreclosures acrross the country.  Maybe the "crisis" could be another overblown media attempt to get the Dems elected.  Seems on the whole that the situation is not quite as bad as let on to be.

http://articles.moneycentral.msn.com/Banking/HomeFinancing/ForeclosureCrisisIsOverblown.aspx
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Thrilla

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Re: Sub Prime debacle that is coming......
« Reply #11 on: March 13, 2008, 07:20:37 PM »
How about a more rational look at foreclosures acrross the country.  Maybe the "crisis" could be another overblown media attempt to get the Dems elected.  Seems on the whole that the situation is not quite as bad as let on to be.

http://articles.moneycentral.msn.com/Banking/HomeFinancing/ForeclosureCrisisIsOverblown.aspx

Two words:   LIBERAL MEDIA
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Buzz Killington

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Re: Sub Prime debacle that is coming......
« Reply #12 on: March 17, 2008, 02:35:01 PM »
Two words:   LIBERAL MEDIA
Why use an Oxymoron?
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Now I may be an idiot, but there is one thing I am not, sir, and that, sir, is an idiot.