Out of a trillion $$, Obama uses only 53 billion for the people in home morgage crisis? Then he gives the rest to the upper 1%, and most of them are not even American!
Dear Matttt, to think, you are what my sons are in Afghanistan fighting to protect…..
The crux of the issue started with subprime mortgages. Deregulation about five years ago allowed those with subpar credit, meaning someone who has a credit score of less than 620, to receive a loan. Moreover, banks and mortgage lending companies were no longer required to ascertain information like the applicant’s income, nor were they asking applicants to put money down on their mortgages.
Arcane esoteric subprime mortgage backed investments were created and sold. When foreclosures hit, the house of cards fell.
quit ur bitching or leave the usa
References :
The crux of the issue started with subprime mortgages. Deregulation about five years ago allowed those with subpar credit, meaning someone who has a credit score of less than 620, to receive a loan. Moreover, banks and mortgage lending companies were no longer required to ascertain information like the applicant’s income, nor were they asking applicants to put money down on their mortgages.
Arcane esoteric subprime mortgage backed investments were created and sold. When foreclosures hit, the house of cards fell.
References :
http://www.sentinel-echo.com/local/local_story_274154552.html
Oh brother! I don’t have time for this why can’t we all just come together and stop pointing fingers and blaming the Obama adminstration for every little thing. My goodness I’ve never seen so many whiners before in my entire life and I am the youngest out of my 5 siblings Obama is here to help us. I know it may seem like now things are horrible but deep down ALL of us know its going to get alot worse before it gets better. EMPHASIS ON THAT Obama is not our problem he is really are soulution .We alll know the recession started when all the banks slowy started going downhill and then the stock market when on a economic roller coaster . Where do you live under a rock?
References :
"Its easy to point fingers but hard to step up to the plate and actually do someting". – a quote by Sir Philp Krute born and raised in Germany . So let me ask you something. What are you doing are you talking or walking? Because actions speak louder than words you were suppose to be taught that in kindergarden or raised at home to know the true meaning of that metaphor. Now back to what I was saying most of the times when peole walking the walk they to busy talk because their walking. Meaning when you start out helping out your community by doing postive things get back to me becuase it not and easy job. Talking about the problem doesn’t fix it taking action to look for a soultion does thats my personal input. What’s my source I’m a Secretary for the a local Organization in my commmunity that administors Couseling , Food, and Warm beds to the less fortunate. Until you know what its really like to walk in someone shoes don’t judge wonder .