Is anybody else watching Washington Journal?

Are u hearing the language the Republican is using about the mortgage crisis?

He's defending the new "financial instruments" he saying...That if we didn't have them poor people would not have the "opportunity" to buy a house. This let them buy with no money down. They had to pay higher interest rates because of the "risk" but at least they had a chance to buy. If you reform the mortgage industry, it will lock poor people out of their first house. He also said the re-set of mortgages to a higher interest rate is because, interest rates went up.

Aside from this being bullshit, what you are hearing is Adam Smith" language and it reminded me of something.

I remember a few years ago when the Rs controlled the Senate. Watching hearings on whether to de-regulate the mortgage industry. The Thugs were saying stuff just like what you are hearing this morning. "Opportunity language".. The Dem's were worried about predatory lending and the Thugs actually insinuated that they were racist.

Did anybody else see those hearings or am I just dreaming? And if they are in the C-span archives somewhere, wouldn't they make excellent campaign commercials for next year when the mortgage crisis peaks?

the one that involved the RNC operative. Another repuke hypocrite.

:)

I always laugh when I hear people say, "I've been trying to get through for 25 years "..:rofl:

They have e-mail but why bother? To me it is an aggravating thing to watch all those sick, uneducated people who think calling a television program is the same thing as being a citizen.

...that you have no business getting in the first place.

.

Re-setting to a higher rate no matter what. Balloon payments. Nobody can make balloon payments. If they have just got regular loans, they would be okay. The "risk" defense is just bullshit. They deregulated just so they could screw people.

The opportunity to sink any chance to develop real equity in something maybe smaller a few years down the road....

couldn't make the payments? :wtf:

upon America all over again = republican voodoo tinkering with the savings & loans of others

Kind of like in the movie "Airplane" when they all lined up to slap the hysterical passenger?


He is a loathesome little prick. I can't stand him.

:thumbsdown:

for managing to use most of the "buzz words' and to ask him if he got bonus bucks for every time he used them.. Sometimes, he used them in a totally inappropriate context.. It's like they all have buzz-word-tourettes when they get on tv.. they just blurt the words out..


lawyer
TRIAL lawyer
law suits
tax increases
free market
and many others too numerous to list

never realized that people wouldn't or couldn't pay up. It's not like they could go knee cap people to get money. You can't get blood from a stone. Some times I think that these GOPer's and corporate elites really think that money grows on trees and that everyone has plenty of it. 10-15 years from now we could really be looking at a bloody period in our history, much like the French Revolution in 1789.