I think it's time to change the tone. Anyone got any good recipes that use bacon. Did I mention I like bacon. It could lead to the "big stinky fart" eluded to earlier. We can all agree to disagree.

 

[quote=FunRide;2772633] - the campaign by the right to racialize a global financial meltdown

So as a typical left wing wacko you believe everyone who disagrees with the big 0 is a racist?


A national study of the performance of banks covered by the Community Reinvestment Act (CRA), enacted by Congress in 1977, shows that these government-backed banks were much less likely than other lenders to make the kinds of risky, high-cost home purchase loans that helped fuel the foreclosure crisis.

Bullchit. These government backed loans are the reasons banks made loans to people they KNEW couldn’t pay off the loan.



By and large, the problem with subprime lending was that independent, unregulated brokers


More Bullchit. The term “unregulated” is code word for “We’re gonna blame everything on you and then regulate the chit outta you”.



middle-class and wealthy consumers who could not qualify for their second or third vacation home and who took a "liar's loan" from brokers, not covered by CRA.

Wrong again. The small number of defaults on vacation homes wouldn’t cause the mess we are in. Try looking at the huge number of loans that banks where forced to make to people who really couldn’t afford them. These loans where then bought by Freddy Mac and Fannie Mae, so banks had no reason to not make the loans.



But hey – we can keep blaming W for the next four years can’t we?

 

Well,my Faith in Obama is starting to wane. I'm glad I'm at that age where I don't have to care. Because I really don't anymore. Got my own chit to deal with.

 

Bacon thread started in Other ATV topics...

 

Yeah, I'm a left wing wacko. You know nothing. Funny how Obama is always in the right-wing response. What does Obama have to do with this discussion. He wasn't even President yet. Who's the wacko dude. So stupid it's funny.

Goverment backed banks, not all government backed loans. And yeah, you just admitted that they were doing it to make money! Nice try trying to change the subject. So the criminals that created this mess should obviously be allowed to continue as usual. Let them be, and continue ruining our economy. That's smart.

No, but they are going to regulate the Wall Streeters though. Look where where your cowboy bullchit got us all there Cowboy. Take a look around you! Watch the news. Obviously you don't have any investments or a pension. Just a mouth. You're actually defending crooked Wall Street. Nice.


Vacation homes are a small part of the problem, but still a problem. I live in "Vacation Land" and there a lot of second homes and camps that people bought with second mortgages they couldn't afford. Now they're for sale bringing down everybody else down with them. People aren't renting them as much either. There are thousands of McMansions all over CA and NY for sale that have gone under and have been abandoned that were middle class owners. You don't know crap. Yeah, they were "forced to make loans and make money.[/QUOTE]

Likely yes, until the mess clears. You are correct there. 1 out of 5 ain't that good.

 

I just had a pizza with only bacon on it....nothing else. Was pretty good actually. Bacon was crispy and about 1/2" thick.