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Squawk of the day - May 5, 2013

"Lending money to those who won’t pay it back and at the same time not lending to who will pay it back is what brought on the housing problem. Now Obama is demanding that we keep on doing the same old thing. You can look for a disaster."

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Comments

Sister_Ruby_Two 1 year, 7 months ago

And that's the time-honored definition of "insanity". Welcome to O'Bama's second term or is "reign" more appropriate? Yes, I think it is.

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Sherwood_Eagle_Alum 1 year, 7 months ago

It was good old-fashioned greed. Seemingly everyone who had a pulse was getting approved for a mortgage that they truly couldn't afford. Banks were greedy but many of those buying a home were irresponsible as well.

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chinaberry25 1 year, 7 months ago

Banks could have put a stop to this. A lot of these folks are clueless to how to pay for a home. The bankers were on the phone calling folks to come refinance and and upped the value of a home which would have never held under a true appraisal. Now they are upside down on mortgages. You refinance, but you do not get money from your equity. This is not all Obamas fault, I can't stand the man, but it goes further back to Bush and Clinton too.

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waltspecht 1 year, 7 months ago

The Bankers need the fees and ability to dump the loss off on the Government. Otherwise they might not be able to afford those $70,000 cars and trucks their children and grandchildren are driving. They will con us once again by inaction on our part and bury us further. Does this President really have America in his heart? Or the demise of America?

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RedEric 1 year, 7 months ago

A few years ago I heard an idiot politician state that the reason peple were on welfare was that they didn't feel like they were part of America and if they had a house they would more likely finally feel they were part of working America. Well, it didn't work the first time. Also it was a way for mortgage companies to make a lot of money with no danger of loss. When you open the door for greed CEO's will jump through with both feet.

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Cartman 1 year, 7 months ago

One day historians will look back and consider this as only one of several reasons explaining the implosion and ultimate demise of America.

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gladileftalbany 1 year, 7 months ago

Demise?? Implosion? No wonder Awwlbinny is the most negative city in the USA. Listen to yourselves....Unemployment is its lowest in years,housing market is slowly coming back and the Dow topped 15,000 for the first time ever. What are all you "pubs" complaining about.? Isn't this what you want? Unfortunately you folks' sowega issues are only an issue in sowega and not the rest of the country.

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Sister_Ruby_Two 1 year, 7 months ago

$17 Trillion in debt and nobody is willing to do a bloody thing to change.

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gladileftalbany 1 year, 7 months ago

...and why are you so worried about it? Nobody is willing to change it? I disagree. What are YOU doing to change it?Besides complaining on here about it and voting a straight repub ticket just because "it's what you've always done"?

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VSU 1 year, 7 months ago

"What are all you "pubs" complaining about.?" What is there not to complain about is the better question?

"Unemployment is its lowest in years" Yeah, fewer people applied for unemployment and a few minimum wage jobs opened up.

"housing market is slowly coming back" Houses are still going up for sale with no prospected buyers in sight, some houses have been on the market for 4 years and still no buyers.

Keep wearing your rose colored glasses and keep drinking the kool-aid if you like.

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gladileftalbany 1 year, 7 months ago

Of course complaining always makes the situation better,sheesh...In my life positive thinking always seems to help so maybe that's a good start. Sure is better than complaining. Take a hint....

Yeah unemployment IS its lowest in years. Numbers don't lie. Look at the positive,not the negative.

Oh yes,houses are being built and bought in desirable parts of the country. Just because Awlbinny is stuck in 1935 and no one wants to live there doesn't mean there is growth going on in other areas of the country. No rose colored glasses, I see it everyday... clear as a bluebird Montana sky.

BTW- I am a sub-contractor with 60+ employees on the Bakken Oil Shale in NoDak. If you don't know what that is you should read up on it. It's just the largest oil reserve in North America and maybe the world and the good 'ol US owns about 75% of it which means we will be energy independent on oil of all things! Isn't that something else you pubs have been complaining about??

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Sister_Ruby_Two 1 year, 7 months ago

But you're glad you left Albany. That speaks volumes. Meanwhile we see the fallout from the Great Society each and every day. As for you, if you're in the One Percent and are trying to bring up more petro-chemicals for use in the world, Obama hates you twice.

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VSU 1 year, 7 months ago

And remember, we are glad you left Albany as well.

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bigbob 1 year, 7 months ago

If you want a perfect example of giving money to people who have no means to pay look at DOCO Credit Union, their parking lot is full of repo vehicles at all times. How do these people get loans in the first place, I think we all know the awnser to that.

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