Sub-prime mortgage

[nohil-billy]

Oh, now I get it! H2L, your Bill Clinton, aren't you?

[hrdman2luv]

Originally Posted by nohil-billy

Oh, now I get it! H2L, your Bill Clinton, aren't you?

Thats a joke in itself. And a pretty good spin.

But keep in mind, my fine feathered friend, conservatism is the answer to your's and my problems. Not socialism, fascism, neocon, liberal-con.....Just true conservatism.

I base things solely on facts. Whether they are facts that support the conservatives, or hurt the conservatives. I promote and endorse only one form of government. And that is true conservatism. I refuse to support anyone like McCain, Romney, Clinton or Obama. Because neither of them support true conservatism. Though McCain and Romney claim to be, and do minor things to make you think they are conservative, they still refuse the true conservative beliefs.

They have bought into this new "extreme globalism". Which has left the Americans on the back burner of the whats important. They have forfeited our constitution to this global war on terror, foreign democracy, and cooperate profits.
Capitalism and cooperate profits are good, until the same cooperations are taking our jobs overseas, price gouging Americans, and creating their own laws that protect them from any wrong-doings (aka Ely Lilly c/o the Patriot Act)

When any party decides what best for the American people, without the consent of the American people. Then something is desperately wrong. We have drifted from the Republic ways. And in the name of democracy, placed this countries middle class in a downward spiral that will end up as something that resembles Mexico.

John McCain, Hitlery Clinton, Barack Obama, and even Mike Huckabee, are all on the same side. Just a different party pin. A different way of doing things. But all with the same outcome in mind.

After all, did you or anyone else that you know, become better off under a GOP or Democrat leadership...That wasn't on your own decisions? Was there a Republican or Democrat standing right there, making your decisions for you? Was there one making calls for you to you tax person, or boss, or anyone else?
I got where I am today because of the decisions "I" made for myself. The government never gave me a hand out. They never helped me make any decision, other than when and where to pay my taxes and vote. Bill Clinton didn't do anything for me. And neither has George Bush.

I don't expect Ron Paul to do anything for me either. But I do expect him to do something to help our military. So far he has proposed more benefits, more pay, and more reasons to stay/join the military than anything John McCain has ever thought about doing. He has done more for the Veterans than McCain, Clinton or Obama put together.

But the Democrat and the Republican leadership don't want Ron Paul. He promotes "TOO" much change for them, and the American people. A real change isn't something that the GOP and Democrat leadership will allow.

[PeroW-Cheney]

Originally Posted by hrdman2luv

You should catch up on the fed, interest rates and inflation. And get back to me.

It's the Fed's job to maintain that delicate balance. A tightening, or rate increase, attempts to head off future inflation. An easing, or rate decrease, aims to spur on economic growth.

[LINK POSTED BY MEMBER] Only Members Can View This No Hillary For President Forum Link.

Does that help to clear up your confusion?
Why do I bother asking? Of course, not.

You know, I can't believe I'm saying this, but have you considered maybe you really want to vote for Hillary? If so, stop fighting it. I might be speaking for myself, but we won't think any less of you if that is what you ultimately end up doing. I'll bet you would make a very good Hillary supporter.

And the Soros thing is from 1991 or so. I knew about him before moveon.org even existed. Soros inspired me to study options pricing and learn Black-Scholles Equation, butterfly, condor... all that happy horse crap. Someday, I want to understand what he did so I can do it, too. George Soros is my hero. He's not only a trading genius, but he pours his money into the American media industry and loses his political agenda every time.

Al Gore didn't even invent the internet yet, for Pete's sake, what on earth are you talking about? My source predates any so-called "right wing conspiracy b.s." You just hear the name and have a knee jerk reaction even though you know NOTHING about the guy.

[Corvair]

Originally Posted by hrdman2luv

..., and cooperate profits.
Capitalism and cooperate profits are good, ....

Could you be talking about corporate profits?

[Anti-Globalism]

Are Subprimes Dangerous "In Themselves"?

The last "expert analysis" from former Federal Reserve Chairman Alan Greenspan claims that a recession in America is not yet here but might become a reality in the near future. As everyone else, he traces the current economic instability back to the housing market that fell apart thanks to the controversial subprime loans; loans to consumers with a low credit value. His defense of these loans is simple: they are not dangerous "in themselves."

[LINK POSTED BY MEMBER] Only Members Can View This No Hillary For President Forum Link.

---

I wish our politicians had more integrity for a currency reform.

[hrdman2luv]

Originally Posted by PeroW-Cheney

I just saw a Clinton soundbyte talking about this and it seemed to me that he's pandering again.

I listened to something Clinton was saying the other day, and it actually made sense. She said that "many Americans are just one paycheck away from bankruptsy". I remember before I started driving a truck (and raking in the bucks), I was the same way. By missing a week of work due to being sick or something, and I would get behind on one bill. So to cover that bill, I would take from another later bill, to pay the first one. And then it was a cycle that only overtime would cure.

People who are in that situation, didn't get there over night. And most people don't get themselves in a mess like that on purpose.

Now, with that said, I don't think it's the responcibility of the Federal Government to help the lenders out (which is whats going to happen). If they are going to help anyone out it should be the people who got into that situation do to an outsourced job. Or lost their job do to something the federal government had some direct responsibility for.
This stimulous package is being given out just to shut everyone up until after the election. (kind of like the border fence before the last election)

This whole thing is just a product of an over inflated Federal Government, sticking it's nose into things it has no business. Like allowing tax breaks to companies who outsource jobs. Thats just stupid. I'm all for tax breaks, but not to companies that break the backs of Americans. If it was up to me, if a company shut it doors, laid off Americans to move out of the country for the cheap labor, they wouldn't be allowed to bring their products back into the USA.

This subject goes very deep. From Tax breaks, high energy prices, jobs outsourcing and other factors. I'm sure alot of the mortgage problems are due to several different reasons. But, the bottom line is always the people. Even the people who are losing their jobs who worked for the mortgage companies. How many of them are going to lose their homes?

But it all comes down the home owners, employees, and those who are struggling to just stay afloat. Before anyone blames anyone, it would be a good idea to find out exactly why each person is losing their home. I'm sure most stories are different.

I'm sure you won't find many people who would say " I ran up all my credit cards on stuff I didn't need, bought a house I knew I couldn't afford, and just had to spend all my savings on that new Harley."

[PeroW-Cheney]

Once again, everything you say has nothing to do with sub-prime mortgages. I'm glad to see you liking Clinton, though. I hope you keep sticking up for her. I knew it was in you!

At work we just hired a guy who has 11 years experience selling this paper. I'm going to catch him with some of the stuff I read here and see what he says about it. I'll post his expert opinion. This should help overide the weight of all the off-topic generalizations in the thread.

[hrdman2luv]

Originally Posted by PeroW-Cheney

Once again, everything you say has nothing to do with sub-prime mortgages. I'm glad to see you liking Clinton, though. I hope you keep sticking up for her. I knew it was in you!

At work we just hired a guy who has 11 years experience selling this paper. I'm going to catch him with some of the stuff I read here and see what he says about it. I'll post his expert opinion. This should help overide the weight of all the off-topic generalizations in the thread.

You don't read so well. I didn't say I liked Clinton. I said I agreed with something she said the other day. I listen to everyone. Whether I like em or not. And of course, she and the others will say something we all will agree with. And being "one paycheck away" from bankruptsy is a true fact. No matter who said it.

About the Fed.

[LINK POSTED BY MEMBER] Only Members Can View This No Hillary For President Forum Link.

[PeroW-Cheney]

Finally! Some real stuff in your argument! Thank you, H2L.

First:
bankruptcy not bankruptsy. If people live like that, most of them are suffering the consequences of their own poor choices. You can't outlaw stupidity, but how do you help those who really need help and filter out the stupid people who did this to themselves?

Second:
RP "If we stimulate the economy, maybe there will be production and prices will go down. If prices are going up too fast, you have to bring on a recession. You have to try to balance these things, which I think is a totally impossible task and really doesn't make any sense because in a free market if you have good economic growth you never want to turn it off because good economic growth brings prices down."
Maybe Ron Paul doesn't agree with what he says in the context of the quote, he's just repeating the logic that is given to him. I have to listen again to be sure. This video is pretty deep and you have to listen very carefully to make sure you are not listening to a witch doctor.

"Stimulate the economy" = "Borrow money and spend it" and / or "Lower interest rates" and / or "Cut taxes". Be careful that when he says things in general terms, you understand what he means and not what you think he means.

A strong economy does not bring prices down. A strong economy raises prices because everyone is employed. Debt is also inflationary. Lower interest rates are inflationary.

"bring on a recession" = "Raise interest rates" This will stop future inflation and counteract the weakening of the dollar.

Third:
Ron Paul compares the price of oil in terms of gold to the price of oil in terms of dollars. That is interesting to look at, but dollars are no longer tied to the gold standard. Dollars are strong or weak in terms of other nations' currencies. So what he says is true for dollars, is true for pesos, is true for euros, etc. The effect of a floating currency is that we have to operate withing the parameters of the monetary policy of all other countries. For example, in the early Clinton years, we wanted to lower our interest rates even deeper but we couldn't because Germany was keeping their rates high to hold Germany's inflation less than one percent.

If you are making good money now because of your trucking job, maybe you want to buy gold coins and keep them in a safe deposit box. Or you can open a brokerage account and buy oil company stock.

Fourth:
Ron Paul is ignoring principal bonds, the savings bond that pays you interest rate plus inflation rate. They haven't discontinued those, as far as I heard. Likewise, an adjustable rate mortgage screws the homeowner because inflation is built into the mortgage payment calculation. Higher inflation = higher interest rates = higher mortgage payments.

[Herb Schaffler]

"A strong economy does not bring prices down. A strong economy raises prices because everyone is employed."

Actually, a strong economy does bring prices down. It increases production that leads to a decrease in prices.