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Posted by: Wolfie2007 1 year, 1 month ago
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nostalgia1 year, 1 month ago
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Well golly gee Wolfie
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Isn't it compassionate to get loans for people to buy a house they can't make payments on??
Isn't it compassionate to give people hope when you know that they will be foreclosed and booted out onto the street?
Isn't it compassionate to use lower income people to garner votes by pushing subprime mortgages? Why be concerned about what happens to them later?-
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pc251 year, 1 month ago
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is that so..........
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http://search.barnesandnoble.com/Bull-Run-Wall-Str...
During the historic bull market of the last decade, a series of powerful tremors rocked the financial world: global economic crises; the Internet explosion and day trading craze; the 401k boom. Perhaps the most seismic shift of all was the "democratization" of the stock market, as middle class investors joined the party and the Democratics followed suit, effectively ending a century-old tradition in which Republicans, never Democrats, were the party most solidly aligned with Wall Street. These developments have defined the last decade and will help set the political agenda for the next. We are entering an era when the personal finance is the political.
Since 1990, the percentage of Americans owning stocks and mutual funds has doubled, from 23 to 46. As a result, argues Gross, Wall Street is no longer the purview of "old-moneyed" Republicans; a lot more people have ownership stakes in stocks and bonds. Much of this new wealth has found its way into the hands of Democrats, benefiting Bill Clinton, Al Gore, and other Democratic politicians.
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icono11 year, 1 month ago
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Yes I love this; I work hard and buy my house, however the banks are blackmailed into making sub-prime loans to 'bad risks' because of 'social guilt' then the banks and economy tanks because of the bad loans and corporate greed then the Govt tries to bail out the buggers with 'my tax dollars' then all I get for it is more 'social guilt' for being unconcerned that the 'socially and economically disadvantaged' may loose the houses they should not have had in the first place unless the Govt uses my tax dollars to 'buy their houses for them again'.
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Comrade 'O' probably loves this one.
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