How's That Recovery Comin?

[clyde]

Originally Posted by Rileyoriley

Perhaps we could riot with The Belmonts at the Belmont?

!!



Would be such fun!

[dalakhani]

Originally Posted by Antitrust32

I'm probably less locked into any certain political ideology than anyone who posts in this whole section.

But I have pretty easily come to the conclusion that Obama is just 4 more years of GW Bush.

and besides, the number one reason the economy collapsed is because the American people lived way outside their means. But nobody wants to take any personal responsibility, so it was Bushes fault.

Its not the person who bought a 400k house and could only afford a 150k house fault, its the bank's fault for providing the loan

Zero personal responsibility in this overly spoiled country that I love.

There is some truth to what you say. But...

How about the family that had no choice to buy a 400k house because the market inflated to a point where it was next to impossible to find a decent place for what they could afford? I am not saying that this was the case all of the time but there is certainly a large portion of the problem loans out there where this was indeed the case.

I think the bank does have a level of responsibility as does the borrower. The types of loans that were being pedaled were just irresponsible on so many levels especially the alt a and subprime that were pushed by the investment banks.

Mortgage rates are close to the lows of last year again and arm products are lower in many cases.

If investors want yield, they are going to have to lend money. Its as simple as that. That is why we are seeing Mbs and Cmbs offerings that we didn't see even last fall...and there is more to come.

Don't fight the fed Randall.

[joeydb]

Originally Posted by Antitrust32

dont you understand that George Bush singlehandidly ruined the world and Obama has almost completely fixed it?

LOL - that's funny if you believe it.

[Antitrust32]

Originally Posted by ateamstupid

I really can't believe that there are still people who buy this bullshit. I'm guessing you also believe oil prices are high because of SUVs, right?

yeah the government and wallstreet collapsed the entire economy

as I said, nobody accepts any personal responsibility.

max out 10 credit cards and its the credit companys fault, right?

[Antitrust32]

Originally Posted by Coach Pants

This is definitely a libtard board. If this s.hit was happening with a Republican president the thread would be 5 pages by now.

its about 75% liberals and 80% idiots.

[Antitrust32]

Originally Posted by ateamstupid

I really can't believe that there are still people who buy this bullshit. I'm guessing you also believe oil prices are high because of SUVs, right?

just an FYI, gas prices are not high in America.

[randallscott35]

Originally Posted by Antitrust32

just an FYI, gas prices are not high in America.

B/c of low taxation on gas. You can't do an apples to apples comparison to Europe or anywhere else. And yes gas prices are indeed quite a bit higher than they were 10 or 5 years ago. And that has more to do with the devaluation of our currency than anything else.

[Antitrust32]

Originally Posted by dalakhani

There is some truth to what you say. But...

How about the family that had no choice to buy a 400k house because the market inflated to a point where it was next to impossible to find a decent place for what they could afford? I am not saying that this was the case all of the time but there is certainly a large portion of the problem loans out there where this was indeed the case.

I think the bank does have a level of responsibility as does the borrower. The types of loans that were being pedaled were just irresponsible on so many levels especially the alt a and subprime that were pushed by the investment banks.

Mortgage rates are close to the lows of last year again and arm products are lower in many cases.

If investors want yield, they are going to have to lend money. Its as simple as that. That is why we are seeing Mbs and Cmbs offerings that we didn't see even last fall...and there is more to come.

Don't fight the fed Randall.

in my opinion, if a person is going to buy a house they should be educated enough on what they can spend. Just because lenders are like used car salesmen, they still dont force you to sign on the line.

The family that spent 400k had options. Shoot, renting is a better option than buying a house that is 200k more than you can pay for and you will get forclosed on.

[Antitrust32]

Originally Posted by randallscott35

B/c of low taxation on gas. You can't do an apples to apples comparison to Europe or anywhere else. And yes gas prices are indeed quite a bit higher than they were 10 or 5 years ago. And that has more to do with the devaluation of our currency than anything else.

most everything is more expensive now than 10 years ago, except laptops and flat screens. We are spoiled to expect $2 gas prices for a gallon. Gas is really not that high.... if we were pushing 6 dollars per gallon I'd agree that they were too high. I only spend $30 on gas per week as it is now.

[randallscott35]

Originally Posted by Antitrust32

most everything is more expensive now than 10 years ago, except laptops and flat screens. We are spoiled to expect $2 gas prices for a gallon. Gas is really not that high.... if we were pushing 6 dollars per gallon I'd agree that they were too high. I only spend $30 on gas per week as it is now.

That's nice for you. I want a pony.

[Antitrust32]

Originally Posted by randallscott35

That's nice for you. I want a pony.

i'm sorry but $3.61 per gallon is not expensive for 2011.

[randallscott35]

Originally Posted by Antitrust32

i'm sorry but $3.61 per gallon is not expensive for 2011.

Who are you to decide what is expensive for gas?

[Antitrust32]

Originally Posted by randallscott35

Who are you to decide what is expensive for gas?

so gas prices are just expected to never increase? is that what you are implying?

[randallscott35]

Originally Posted by Antitrust32

so gas prices are just expected to never increase? is that what you are implying?

Not at all. I just like your certitude. You are c.ocksure. And silly.

[Antitrust32]

Originally Posted by randallscott35

Not at all. I just like your certitude. You are c.ocksure. And silly.

so we should still be paying a buck fifty like we were 21 years ago?

[Antitrust32]

and they're not supposed to be affected by all the shi.t going on in the middle east? ya know, the place where a lot of oil comes from.

[randallscott35]

Originally Posted by Antitrust32

so we should still be paying a buck fifty like we were 21 years ago?

You should set prices. I bet you would be a blast on SuperMarket Sweep as well.

[Antitrust32]

Originally Posted by randallscott35

You should set prices. I bet you would be a blast on SuperMarket Sweep as well.

what needs to happen are alternative energy sources. its ridiculous that in this day and age we are so dependent on oil, that we buy from people who hate us.

[randallscott35]

Originally Posted by Antitrust32

what needs to happen are alternative energy sources. its ridiculous that in this day and age we are so dependent on oil, that we buy from people who hate us.

Now that i agree with. Except because they hate us, I feel strongly we should take it from their cold dead hands.

Originally Posted by Antitrust32

so gas prices are just expected to never increase? is that what you are implying?

It would be nice if those corporate slaves would vote on a switch to natural gas. We have over 100 years worth and could transition to clean energy in the process.

But no...they are owned by the private military complex and big oil. Have to keep ruffling feathers in the middle east and north africa. Every country on this planet with a majority of brown people want to kill us for our "freedom"

That's why I laughed at the memorial day thread. Most of you are fake patriots.