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Originally Posted by justindew
The VAST majority of people who got "bad" or "clever" loans could afford a home, just not the one they got. And while I blame the lenders, the borrowers are the ones at fault for trying to purchase more home than they could afford.
Very, very few responsible people are going to be affected by the housing issue. Will some? Yes. But by and large, it will be greedy people who made a financial decision that they had no business making.
My comment about bank accounts was an overreaction to your childish comment abou whether or not I had a job. I should not have made it, and I regret it. But yes, I have a job and I earn a living. Not that that matters.
I am not a fan of George Bush. But I am a republican.
I also never got personal until you did. You acted in a way that most democrats I know act. When someone disagrees with you and responds with facts, you attack the person instead of the argument. It happens all the time. I live in Washington DC, and I know a ton of people in politics. I have been in a million debates with both democrats and republicans. And there is nothing easier than identifying a person's political persuasion by their style of argumentation. The more personal attacks and emotional retorts one makes, the more likely he is a liberal. Take it to the bank. Go back and compare my arguments to yours, and see if I am right.
The botton line is that the economy is so vast and complicated that if you put ten economists in a room and told them to come up with a definition of the economy, you could probably not get any two of them to agree. But one thing they WOULD agree on is that every economy goes through cycles. And just because some times are better than others does not mean that the bad times equate to a bad ecomony. That's just nonsense, especially when everyone has a job and people are spending money on things like TVs and vacations.
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Funny how most conservatives/republicans have their head in the sand. "The war is going great"..."The economy is fine". You people are clueless. I was never pro-republican or pro democrat until the last 5 yrs or so. In the past I just wanted the right guy in the white house. But between Bush being the worst president we have ever seen and borderline criminal...and the religious right wing nutjobs, I have gone to the democratic side.
I dont believe I attacked you at all. In fact....you were the one who started Sh#T with me in the other thread...I hammered you....now you are whining that I started everything. If you cant take criticsim then dont insitgate with others. Pretty simple.
Seriously...go do some research on Auction Rate Securities and explain to me why they went so bad. Hopefully you will learn something and see where the root of the problems came from and how many people who had zero to do with subprime mortgages are getting screwed over.
The good thing is you are only 32 and there is time for you to figure it out.