It was the dems that got us in the subprime mess the last time and they're trying to do it again.
Obama has this set up to where the collapse happens under another administration. It's a short-term fix to get home sales up again but it will just lead to another crash.
This is utter INSANITY !
Here we go again.
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You know that’s cheating doncha? Getting to say it first because you posted the article.
And when it fails banks will do bail-ins with the money you have in your accounts. Law is already in place.
Take most of your money out before the banks can swap it for worthless shares of their banks. They will be worthless as bail-ins begin and piss people off. So many before you would get paid off if banks then go bankrupt.
Welcome to the progressive, social-engineering nanny state, supported by fake currency and massive debt courtesy of the Federal Reserve.
bttt
AND....when this fails, as it will.....again, the media and guilty members of Congress and Obama will blame the brokers and bankers. It will happen!!!
Insanity has ravaged the US!
Dear God in heaven... help us!
Here we go again.
Yep I was going to say the same thing. This is what caused the Housing bubble in the first place.. Congress cut off Fannie Mae and Freddy Mac’s funds!!!
Don’t let anybody talk you out of it. The film The Big Short is scary and hilarious.
Aw hell...
Back door wealth redistribution - just like last time.
4 am bump.
Meanwhile, the hard-working middle class is living paycheck to paycheck and can’t afford to retire.
Obama ONLY cares about Blacks and Muslims and some Hispanics!! He doesn’t give a CRAP about white America! In fact, he doesn’t give a crap about America!!
the affordable-housing geniuses in the administration have re-termed "subprime," a dirty word since the mortgage bust, "alternative."
And at this very minute while government is busy making other people loan these freeloaders money they can't pay back, banks and mortgage companies are busy figuring out how to rename "credit derivatives" - just like last time.
The ryan obama budget he supported has lots of surprises in it, thanks douchebag!
Sub-sub-prime?
Of course they are - some would say they didn’t learn their lesson but most of us know they learned it all too well - they can screw the decent (non-Dems) folks by making them pay for more of their malfeasance...
Well why not? The last time around the only people who got spanked were the taxpayers, and Bear Stearns. The rest of the banks and the deadbeats got bailouts and free homes respectively. Or should is say disrespectively.
AAAARRRGHHHHH!!!!!!!!!