So, we learn that the financial crisis is …
Comment posted Democrats Coverup Fannie Mae and Freddie Mac Scandal in 2004 by Taryn.
So, we learn that the financial crisis is not the fault of President Bush, but of the Democarats back in 2004. Bad loans for people. These loans would never have been made in the 1970’s. You had to have very good credit to buy a house, plus you had to have a job that had the income necessary to buy the house you wanted to purchase. Everything was checked out about you before you could buy a house.
My first house would not have be considered today as
“The American Dream House” but it was my house. It was so small that when my first child was a toddler you could sit in the hallway and see what she was doing in every room of the house, this is the truth. My husband and I paid down $6,000.00 on this tiny home. Later we bought another home.
We would have liked to have had a newer home at the time of our first purchse and also a larger home too, but we knew that our house had to be one that we could afford. No one would bail us out if we couldn’t pay for it! We were not mad that this was the only home we could afford either. Just happy we could purchase a home.
In 2004 I guess there were people that thought they deserved certain nice houses, and they soon found that with ‘Special’ loans they could have
the house they wanted, now! No need to wait.
Could they afford it in 2 years when the payments went up. Who cares? They must of thought, we’ll worry about that later.
The banks that gave them the loans gave no thought of what was to come later either. So two years later or whatever the amount of years were before the buyers mortgage payment went up, both the bank and the buyer were Happy. Then one day the house payment went up, and very soon there was trouble! Both the bank and the buyer were to lose money on this purchase, that took place years earlier!
Credit cards use to be something that you were denied if you didn’t have good credit or you didn’t have a full time job , and your income had to be a certain amount . No one would have let a “College student” with a part time job or no job apply for a credit card, this was unheard of. But nowadays, many parents are surprised to find out after their child is out of college that not only is tuition to be paid, but the child has thousands of dollars on a credit card!! This should never have happened. No one should get credit if they don’t have a full time job, and can’t make the payments themselves.
Really people in the U.S. should not be surprised about the financial Crisis we are in, it was created by thoughtless people that gave credit to borrowers -that should never have been given credit to in the first place!
Taryn also commented
- Actually in the my first comment I wrote let me explain explain the $6,000 we put into our home. My husband and I saved $3,000 while renting a very old house to buy or first small house and then we saved another $3,000 and renovated our small home. We were not making a lot of money but we were frugal with our money, that made it possible to buy this small house.
Recent comments by Taryn
- Barack Obama Redistribution of Wealth Radio Interview
I have felt nearly the entire time that Obama has ran for office that his main intentions were to help poor blacks.Now with the innformation about his talk on “Chicago Radio” in 2001 about the courts and how “they had not done enough to help poor black,”it makes me think that his entire run for the presidency is about helping the poor blacks.
Many poor blacks already get benefits by welfare and other means helping them have enough to eat, live in their homes, and have other benefits.
There are generations in some black families of people that have not worked at all, but have lived their lives off of welfare.
Barack Obama knew though with only black votes he could not not win the Presidency, so what does he do? He makes himself over! He very good at that. He becomes everyones friend no matter their color, not just poor whites and other races but the middle class, and he especially talks “change” to young adults . He promises whatever that is needed to be elected.
I’m afriad there will be a lot of broken promises he will not fulfill, if he is elected President.
- John McCain Confronts Reality
I am so afraid that Barack Obama will become president and that the U.S. will be labeled as “Weak” when it comes to strenght in our Country. Even Biden thinks something might happen to the U.S. if Obama is president within the first 6 months!We need a person who has had a lot of experience.
Not someone who just participated in the Senate for 184 days,( that person would be Obama.) The rest of the time Obama has been campaigning and running for President. Sarah Palin has more experience than Barack Obama , and she’s just only running for Vice President.We need a person who is strong and well experienced in politics ,his office happens to be as a Senator too.
This person will keep our country safe! He is the best qualified to be President. This person is Senator John McCain. - John McCain Warned of Current Financial Meltdown
Barney Franks is resposible for not only the collapse of Freddie Mac and Fannie Mae, he started a collapse of National finances all over the world. Why isn’t the man serving on “The chain gang” instead of talking about raising taxes.
The democrats ruled congress for 2 years and during that time they ruined the economy!What can expect from Obama, well no one really knows except that he wants to “Spread the wealth around” The rich was expected to get the economy going , how many more program will be see for supporting lower income people who many times do not want to support themselves. When will we see the ending to Affirmative Action? It is way over time for that to go. People should get be awareded jobs by their qualifications, best qualified in the field get the job, no matter what color they are .They shouldn’t receive a job just because they are from a certain ethnic group. Let’s hope the government makes laws where it treats all people from all races the same one day. Do you think this will happen anytime soon?
- Joe Biden Says Barack Obama will Cause International Crisis
Too bad the 2002 Ayers tape didn’t come out sooner, about how he is into Marxism. Also there’s something else that just recently has came out about Barack Obama writing a blurb about Ayers book in 1997 in a newspaper. So, we know now that Obama has not told the truth about Ayers, Also Michelle Obama had a University of Chicago panel with the Obama and Ayers.I think Barack Obama is going to use Marxism in the United states with the “Spreading of Wealth Around” that’s how Karl Marx wanted things he wanted to have everyone being the same , the same financially and in many way. Wouldn’t matter how much you worked to get ahead you’d just be taxed and your money “Spread around to other folks”, The old dream about “Work hard in America and you can acheive your dream” will be a phrase of the past.
I think Ayers and other speakers made an impact on Barack Obama and he has already shown by his talk about “Spreading the wealth around” that he himself may very well run the U.S. by using Marxism tatics. Also with him being the most liberal Senator in the Senate he and his democratic senator friends will rule in this economic crisis time by raising American taxes.
Ayers writes about his community that Obama lived in Chicago Hyde Pk. Neighbor. He mentions Barack Obama by name in his book on page 82. In Ayers neighborhood which has neighbors like Muhammad Ali, and Minister Louis Farrakhan he states the neighborhood as the ‘fruit of of Islam security’
Only two more weeks before election. Everyone needs to look at all the facts before deciding who will be the President of the United states for the next four years!
- Barack Obama Says Acorn will Shape His Presidency
I sure hope they throw the book at the employees of Acorn that wrote up around so many papers for voters to sign up on with fictious names and made up names! The Supreme court is just doing their job.Obama could literally steal the persidency if the many voter’s registration form that are illegal are not pulled from the stack of voters forms!!
powered by HollywoodGrind
Related posts:
17 Responses to “So, we learn that the financial crisis is …”
Stay in Touch
- Subscribe to RSS Feed
- Follow HG on Facebook
- Follow HG on Twitter
- tips(at)hollywoodgrind.com
Disclaimer
Hollywood Grind is a celebrity gossip site which publishes rumors, opinions, third party source opinions and rumors, and conjecture, in addition to accurately reported facts. Information on this site may or may not be true and Hollywood Grind makes no warranty as to the validity of any claims.
Note
All images that appear on the site are copyright their respective owners and Hollywood Grind claims no credit for them unless otherwise noted. If you own the rights to any of the images and do not wish them to appear on the site please contact us at tips (at) hollywoodgrind.com, and they will be promptly removed.
© Copyright Hollywood Grind 2006 - 2009. All rights reserved.
I’m sick of the dems trying to blame the repubs for “not stopping it”! First of all, the repubs DID try to stop it, NUMEROUS times, but the dems kept BLOCKING the attempts! If it wasn’t for dems being greedy; and scheming for their own person gain and AGENDA, which caused this mess, THERE WOULDN’T BE THIS MESS TO TRY TO STOP IN THE FIRST PLACE!!!!!
***HG says***
Great point.
Are u willing to bet.
Hello H.G I hope you are having a great day.
Same old spin, cann’t tell the truth,so lets try belittling people, thats the DemOgods way. At least I don’t have a ring with a chain attached in my nose being dragged around like the mindless freak. At least I have a mind to think for myself. When I went into the Marines in 1968 grammer was not on the top of their list. You and DemOgods like you are embarrasmentto this country.
***HG says***
If you won’t listen to me tell you the truth, then listen to your fellow democrat Artur Davis who was involved in the 2004 scandal, and admits it is the democrats’ fault.
http://www.hollywoodgrind.com/artur-davis-blames-fellow-democrats-for-financial-market-meltdown/
P.S. Anytime you use the Marine Semper Fi, you’re comment will be automatically deleted. If you won’t voluntarily respect our Marines, then I’ll help you.
FYI: It’s embarrassment, not “embarrasmentto.” Go back to school and learn to spell, or better yet run your comments through a spell checker. You also misspelled Semper Fi, which I deleted from your comment, because you are not a Marine, you’re an imbecile.
Actually in the my first comment I wrote let me explain explain the $6,000 we put into our home. My husband and I saved $3,000 while renting a very old house to buy or first small house and then we saved another $3,000 and renovated our small home. We were not making a lot of money but we were frugal with our money, that made it possible to buy this small house.
So, we learn that the financial crisis is not the fault of President Bush, but of the Democarats back in 2004. Bad loans for people. These loans would never have been made in the 1970’s. You had to have very good credit to buy a house, plus you had to have a job that had the income necessary to buy the house you wanted to purchase. Everything was checked out about you before you could buy a house.
My first house would not have be considered today as
“The American Dream House” but it was my house. It was so small that when my first child was a toddler you could sit in the hallway and see what she was doing in every room of the house, this is the truth. My husband and I paid down $6,000.00 on this tiny home. Later we bought another home.
We would have liked to have had a newer home at the time of our first purchse and also a larger home too, but we knew that our house had to be one that we could afford. No one would bail us out if we couldn’t pay for it! We were not mad that this was the only home we could afford either. Just happy we could purchase a home.
In 2004 I guess there were people that thought they deserved certain nice houses, and they soon found that with ‘Special’ loans they could have
the house they wanted, now! No need to wait.
Could they afford it in 2 years when the payments went up. Who cares? They must of thought, we’ll worry about that later.
The banks that gave them the loans gave no thought of what was to come later either. So two years later or whatever the amount of years were before the buyers mortgage payment went up, both the bank and the buyer were Happy. Then one day the house payment went up, and very soon there was trouble! Both the bank and the buyer were to lose money on this purchase, that took place years earlier!
Credit cards use to be something that you were denied if you didn’t have good credit or you didn’t have a full time job , and your income had to be a certain amount . No one would have let a “College student” with a part time job or no job apply for a credit card, this was unheard of. But nowadays, many parents are surprised to find out after their child is out of college that not only is tuition to be paid, but the child has thousands of dollars on a credit card!! This should never have happened. No one should get credit if they don’t have a full time job, and can’t make the payments themselves.
Really people in the U.S. should not be surprised about the financial Crisis we are in, it was created by thoughtless people that gave credit to borrowers -that should never have been given credit to in the first place!
Well, Well HG maybe I did not spell clueless the correct way and thank you for compareing me to Einstein. You got something right, that miss spelled a word, theres hope for you yet. The one thing that truely bothers me is someone that misleads people. You have a responsabilty to you readers and that is the truth. Call me out on my spelling all you like, just tell the truth when you make statements. Not something brother Joe said or sister Mary. The truth will set U free. Sempi Fi
***HG says***
It’s “Well, well” not “Well, Well,” and it’s “comparing” not “compareing,” and it’s “misspelled” not “miss spelled,” and it’s “there’s” not “theres,” and it’s “truly” not “truely,” and it’s “responsibility” not “responsabilty.” Also on the grammar side, it’s “that I misspelled a word,” not “that miss spelled a word.” Go get an education before you try misinforming others. Sorry, were some of those words too big for you? Buy a dictionary.
Also, stop using “Semp Fi.” United States Marines are better educated, and have a higher IQ than you, so it’s obvious you are not a Marine. You’d never pass the test, and you are embarrassing real Marines you should be showing respect for.
HG Maybe you should stick with hollywood gossip because you are clues about how the government works. You can’nt handle the truth, maybe your just drinking to much koolaid. Sempi Fi Mack, Wake up America PS Fiona good call
***HG says***
It’s spelled “c-l-u-e-l-e-s-s” not “clues,” and it’s “can’t” not “can’nt” Einstein.
Barney Frank – hmmmm He has been pretty outspoken recently. What he wanting to go away? Remember the democrat minority used stalling tactics on many issues and congress was being pressed to prevent any more attacks, still after 9/11. Sal, I think HG is better at invoking discussion on political issues better than Hollywood gossip (which is very good). But, no bailout and the market didn’t CRASH.
It started rebounding this morning. Make me think, if we did nothing and 4-5 years down the road, what would happen? Maybe we need something that some conserves have suggested where Wall Street bares the cost. This might just make them think about the decisions they make in the future. I have money in the market and I am not really worried. If you look at history, in the long term, market money pays back a better return than any form of savings or investment.
***HG says***
Good points. I’d just like to add, those who owned stocks, and other high risk equities, were warned of the risk they might lose their money. Those that couldn’t afford their mortgages when they got them, like the sub-prime mortgages, also knew the risk. I’d rather see those people work out their financial issues without mommy and daddy tax payers bailing them out. If we have tough times, so be it, we’re in this together, but just because some Americans failed to make good decision doesn’t mean we should all pay. In fact, a financial down turn will present good buying opportunities for those of us who didn’t make bad financial decisions. Live and learn.
Nice attacks HG, but the truth is this: had the Republican-controlled Executive branch and the Republican-controlled Legislative branch wanted to reform Fannie Mae and Freddie Mac in 2003, they could have done so – regardless of the point of view of one Rep. Barney Frank.
To suggest that this is not the case not only exposes your lack of understanding of how the legislative process works, but your seeming inability to accept the facts.
Stick to Hollywood gossip. It’s more fun to read and you’re better at it.
***HG says***
Democrats blocked the reform. Watch the video, and hear the democrats in their own words, and learn.
Great post HG, put out the truth and balance!
I used to come this site a lot but now I have lost total interest. It’s a shame that you have thrown in politics with celebrity gossips.
I am not enjoying this anymore….
Lost all my respect too.
***HG says***
Politics and celebrities go together these days. I’m not going to write untrue stories just to please the liberal democrats in the audience. Our country is at stake because so many people are closing their eyes to shut out reality. If you aren’t able to keep an open and objective mind while reading HG, that is something you will have to work out with yourself. Your opinion is valued here, and you do have a voice. I hope you will use it in a productive way.
love you, keep it up.
i agree with everyone here, keep your republican based views out of this site and stick with celebrity gossip.
The Republicans are almost totally responsible for the mess we are in. They had TOTAL control of every branch of gov’t…they still do.
If they were really serious about their “agenda”, they’d have abolished abortion years ago. But they like abortion, they use it for every election. Please post Palin’s interview.
She makes bush look like Einstein.
***HG says***
Barney Frank, a democrat, was overseeing both organizations even more closely he claimed after the 2004 scandal hit the news, and he was still overseeing them when they collapsed. Now he is presiding over the tax payer bailout.
Barney’s boyfriend, who Barney used to refer to as his spouse, was also made a director at Fannie Mae, but left to pursue a career in pottery. No one knows what the spouse did before Barney made him a director. Really great oversight.
Lets not be biased and put Palin’s pathetic interview with Couric on the website.
***HG says***
It was posted right after the interview took place.
Sal, you hit the nail right on the head. Could not have said it any better.
Your site used to be an enjoyable diversion until the last election cycle when your right wing Republican leanings have taken the fun out of the site. Maybe it’s me, but political grandstanding and celebrity gossip aren’t a good mix.
Also, if you care to be accurate, the video clip you show here was from 2004, when the White House, Congress, Freddie Mac and Fannie Mae were all controlled by the Republican party. If you’re going to post this kind of crap here, at least try and be accurate.
***HG says***
Wrong again. The democrats were running both organizations at the time, and were right up until they collapsed. When the republicans took the majority they still allowed the democrats to run both organizations.