Comments on: Let’s start fighting recession

By: USMC

USMC — Thu, 05 Mar 2009 07:14:15 +0000

No, Romny/Palin. I have no stomach for a Liberal Socialist.

By: USMC

USMC — Thu, 05 Mar 2009 07:07:25 +0000

Do you think the Brownshirts (ACORN) would give them a chance? These groups are relentless and will drag the banks through the mud if they don't write these worthless loans. They will tell the world how bad these banks are, how they won't help poor foreigners and minorities.

By: USMC

USMC — Thu, 05 Mar 2009 07:03:18 +0000

The reality is that the liberals(Democrats) wanted to buy the poor folks vote. They decided that everyone should live "The American Dream" own a home. They made up a group called ACORN to help the poor get housing (words left out) to quiet the Conservative(Republican) opposition. The Liberals put their cronies in charge of Fannie Mae and Freddie Mac to administer these (dubious-ed) loans, to as you have said, "People that couldn't, wouldn't and demand that it is their god given right to have a house that is paid for by the rich hard working, anti-socialist people such as us, that have jobs and pay our bills!" The liberals form the groups like ACORN to quiet the opposition (words left out)I hope you stumble across this reply !
USMC

By: mikestallard

mikestallard — Sun, 19 Oct 2008 17:29:58 +0000

Yup. Sorry, but in the States they just do. The US housing department was certainly suing banks on racist, sexist and so on grounds if they refused mortgages to ethnic groups. Why, even the words "Master Bedroom" were banned! (Spectator). The lawyers were making a lot of capital out of banks who did not toe the line.
So, yes, creed and colour had a lot to do with the ability to pay – in the USA, in the time of the Clinton administration.
Pseudo-Liberal ideas, under the Clinton government, were the trigger that caused the derivatives and therefore the crash.
And, remember, you do not know me. You do not know my background. You do not know my family. You do not even know what colour I myself am, do you. So, please, do not even think that I am a racist.
Where the country goes, if it goes under, is where, perhaps Iceland is going. The money will become valueless. This will mean, of course, no oil, no imported food, no savings, no incomes from the government.
Zimbabwe is perhaps the most well reported example of a country which is going under at the moment. See the queues for food!
I do not know if you are old enough to remember Edward Heath and Jim Callahan's time? The three day week? It was not that funny.
Believe me, I have got a grip!
I just hope I am completely wrong and all the government's plans for spending their way out of the crisis will come true!

By: freedom to prosper

freedom to prosper — Sun, 19 Oct 2008 16:50:02 +0000

Yes in fact the dream ticket would be Obama/Palin

By: Ivan Pope

Ivan Pope — Sun, 19 Oct 2008 16:30:58 +0000

Do you love Sarah Palin willy nilly?

By: Ivan Pope

Ivan Pope — Sun, 19 Oct 2008 16:29:51 +0000

No – put your money in Icelandic banks – they are offering a much better rate of return …

By: Ivan Pope

Ivan Pope — Sun, 19 Oct 2008 16:28:56 +0000

"Clinton administration (Democrat) insisted, through their housing department and using the law courts whenever necessary, on the banks giving mortgages to everyone, regardless of creed or colour or their employment status or even their ability and willingness to repay."

Do you think that banks should have had heed to creed or colour then? Don't you think banks should give mortgages to everyone without heed to creed or colour? Do creed or colour have anything to do with ability or willingness to pay? Do they? Eh?

also – if the whole country goes under, where does it go? Come on man, get a grip!

By: freedom to prosper

freedom to prosper — Sat, 18 Oct 2008 21:25:50 +0000

We need to give real people real money to spend which in turn creates real jobs. I've said it a thousand times but I'll say it again mortgages, for most our biggest spend, 3x ONE income and a 10% deposit AND a history of saving. This will mean affordable housing and spending money.
Re telling the banks to lend willy nilly why? Wasn't it daft lending that got us where we are now?
PS I love Sarah Palin

By: Richard Lawson

Richard Lawson — Fri, 17 Oct 2008 16:06:02 +0000

The real economy does need lower interest rates, but the unreal economy (i.e. the financial sector) wants higher interest rates in order to boost their profits. So lower interest rates will slow down the recovery of the banking sector. Never mind. The real economy makes food, while the unreal only makes money. And food will get you through times of no money better than money will get you through times of no food.

Here endeth the lesson.