Man Made Global Warming

[MD_Titus]

Originally Posted by MadBlaster

You blame the banks. I blame the borrower. There seems to be no personal responsibility anymore. This is the bigger joke. The democrats purposely worked the banking system ala GSE fannie mae/freddie mac to gain votes from the middle and lower classes. Everyone with half a brain knows this. The republicans are to blame in that they allowed it to continue. It is a socialist agenda when it comes to housing in usa. Exhibit A, the deduction of mortgage interest on the tax return. But ultimately, it is because the sub-prime borrowers welched on their obligations. It was all about the democrats selling the so called american dream of owning a home to their constituency. If you go on youtube, there is a good video somewhere pre-crisis of republicans trying to stop it, and barney frank throwing his power around to stop him. Barney Frank has since admitted it didn't work out as the thought. Really, the man should be in jail along with a lot of other people on both sides.

edit:
I should add, "the state" didn't bailout the banks in usa. the taxpayer did. Most people don't even pay income tax here. So, ultimately, it was wealth transfer scheme from the taxpayers to the deadbeats and massive collateral damage economically as side effect.

the banks are borrowers as well.

lending money to people who are desperate for money but have no means to pay it back is not the hallmark of responsibility.

anyway, thought you were done with this thread? or do you want that chat now to work out why you have so much hate in your soul?