Upside Down Mortgage

Posts Tagged ‘latino’

Predatory Lending Bank Of America

Question: Why are republicans so intent on destroying America?

First Bush and his republican rubberstamp Congress dereulate the banking industry.Which led to predatory lending.Basically putting many unqualified buyers in the real estate market.
Thus creating the boom in the economy for the first 6 years of Bushs' presidency.
Also while this was happening Bush took a budget surplus and turned it into deficit spending.Spending more then ALL the other presidents combined!
Now that democrats want to spend money here at home all you hear from the republicans is whining about the deficit they ran up!
Oh and let's not forget about how they didn't bother investigating the worst terrorist attack ever on America for more then a year!
Warren you didn't even try to answer my queestion.Why because I'm right?

Answer: It's called selfish greed, and it comes in all sizes and shapes. We are seeing what a strict free-market system has wrought, and while capitalism is still the desired choice, said capitalism must be tempered by oversight and rules. Since the markets were deregulated by bush/gramm, we are now paying for it--you, me, everybody else (even including the non-answerer, warren). Republicans don't really want to destroy america so much as they just want all her money and power, but they should be careful what they wish for, as the saying goes.

Bank of America - credit card pushers

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