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I am Anomaly
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Russ Smith
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dauntless1Nov 26, 2011
Republicans only call it class warfare when their victims fright back.
devilgoobNov 26, 2011
They talk about kids not getting out more and being naive.
I did not know they took kids seriously about loving modern warfare.
austinjameshereNov 25, 2011
The basis of Republican politics is to divide. That's why they race bait, hate on gays, and try to get the middle class to blame the poor... Meanwhile, those at the top keep stealing more and more. It's all divide and distract politics.
pc25Nov 25, 2011
you mean like the MSM going after Cain and describing hims as a "black man who knows his place" and the certain Digg liberals constantly post anti gay remarks and homophobic slurs against conservatives they have issues with. Who the hell are y ou kidding bud.Comment is buried, click here to see the rest.
austinjameshereNov 25, 2011
I've never thought of or described Cain as "a black man who doesn't know his place" nor have I seen anyone else suggest that. I disagree with Cain on most issues. That's why I don't support him. And if any Digg liberals posted anti-gay remarks I would digg them down the same way I digg down any conservative who said anything anti-gay. The funny thing is, I've never seen any liberal on here say anything anti-gay. I can't say the same for conservatives.
crashdvisNov 25, 2011
Then your head is either buried in the sand or you willingly ignore things that make you uncomfortable.
austinjameshereNov 25, 2011
Check out old Digg Threads in the politics section... They are littered with "Closed Account" comments from conservatives who get banned (often for saying stupid homophobic or racist comments). I'm not saying the liberals on this site never say stupid mean spirited things (they do), but they don't cross the same line that is crossed every day by some of the more radically conservative members. Why do they say those things? Because they want to divide and distract.
pc25Nov 26, 2011
name the names.......
novenatorNov 26, 2011Submitter
1. badstarrising
2. beastofburden
3. beentheredonethat
4. bentleychrome
5. bentlyfreedom
6. blackberryblues
7. brettglock
8. briancain
9. brycepainter
10. botswanpedro
11. boltarredux
12. boltarbroom
13. bonndelivered
14. bouncebenning
15. buntiforbes
16. burntmission
17. burntcowboy
18. butwhat
19. carlbidd
20. castawaystone
21. celeryticket
22. coltarbonn
23. everreadynow
24. finnbarlow
25. firsttimecircus
26. foolsgoldparty
27. fourseasonone
28. freesugar
29. freefalllover
30. friendlyfiresniper
31. gentlemanjury
32. grantpeace
33. gottafeeling
34. gotyagoing
35. jamesriddle
36. jesusbored
37. jumanjijumanji
38. justicedenied
39. kimcheetony
40. lastpupstanding
41. lastwarning
42. madetoorder
43. malikbeecher
44. marlonbender
45. mercyburner
46. minpinmaxi
47. mollydog12
48. mrmookagee
49. mysterysolved
50. paneersufi
51. parkertwist
52. pastrevenge
53. pennystopgarner
54. pistolpetescottovitch
55. rosenbow
56. sadlisa
57. saturnmoon
58. scratchthat
59. smoothcadillac
60. smoothburns
61. snakethehosey
62. stanthebeast
63. stanfordtome
64. tazikirue
65. tentonbrownie
66. tikibenbueller
67. urdhvamukha
68. venttach
69. wendallpayne
70. TubeFolly
and that's just ONE conservative (mollydigg, your digg "patriot" buddy "pc").
anomaly100Nov 26, 2011
Novenator left off one or two:
70. TubeFolly
71 Candymann
72 DeathPanel
73 RunForest
74 PityThat
75 CowboyLuck
76 BestTime
77 tomatopuree - Still in use
78 ClydeBanner
79 Bumsworld
80. BeltStop
81. WinPlaceToe
82 PainlessFlight
83. AngryPup
84. WorldWeary
85. BestSpread
86. WowandWow
87. Bangshot - Still in use
88. HammSamitch
89. FoolsReward
90. FedderCreek
91. ReservePet
92. ScantTermite
93. BentWhistle
94. Junkettool
95. ScantTermite
96. CoxDiesel
97. BeyondRepo
98. TopDogBark
99. PlutoBuyRight
100. WarmHeartColdFeet
101 OneTimeNotSo
102 BetterBreed
103 StreetCarry
104 HitandMiss
105 LightStop
106 BetterNot
107 JacobsWeb
108 CanineRun
109 WurtBrun
110 DirtyBlvd
111 TotalBuy
112 RunnerSuds
113 FreePuppy
114 PuppyPlot
115 KaleSoup
116 AngerOutlet
stevanoskiNov 26, 2011
These are the names you came up with when you illegally broke into someones email or are you just into another paranoia phase?
skywiseNov 26, 2011
Fascinating that a guy who's only been here for less then a year would have such an intricate history of who's been banned...
stevanoskiNov 26, 2011
Good point sky, either a sock puppet or they are communicating off site.
skywiseNov 26, 2011
Novenator - "Using the phrase "Uncle Tom" is not racist"
http://digg.com/news/politics/are_the_koch_brothers_denying_your_vote
maskedbandit60Nov 26, 2011
austi - That is absolutely THE MOST RIDICULOUS STATEMENT I have ever seen posted on this site. No matter which side of the ideological fence one might be on.
Conservative Accounts get closed because there is NO ORGANIZED LIBERAL effort to mass report and bury. /s
Also, one can get banned for simply making a disparaging comment to one of Diggs Sacred Cows.
Some of the absolute worst filth and vulgarity I have seen on here is ROUTINELY posted by liberals. Fishenator, Novenator, kuppajava (and his 4 or 5 alternate persona that have popped up lately.)
With that statement, you lost any claim to legitimacy you may have ever had.Comment is buried, click here to see the rest.
twinklyjesusNov 26, 2011
Not all the closed accounts are conservatives.... Novenator used to be a few other accounts too. Got that same moniker. Lot's of people have closed accounts and you have no proof why. some are liberal nut jobs that were stalking conservatives to their home addresses and making threats over the phone,,..
You have zero proof, just allegations. I can tell you PC is not mollydog, and neither am I or anyone here.
as a matter of fact I challenge Mollydog to speak up and put this s**t to rest, I am tired of hearing about f**king Mollydog. guys been gone for I don't know how long and Novy and Nommie the commie wag his name around to scare people..Comment is buried, click here to see the rest.
daiichiNov 26, 2011
"Check out old Digg Threads in the politics section... They are littered with "Closed Account" comments from conservatives who get banned..."
Exclusion from groups happens because of more than just "violating" some agreement, it can also happen because of some bias from the controllers of that group. Thus, it might be that some of these closed accounts could be a reflection of the bias of moderators rather than the actual posts of the individual (I am reserving my judgment here since I don't recall ever having seen a post that got a poster banned).
As a self-test, for example, which of the following statements are more inflammatory to you (and thus needs to be quelled)?
(1) Flaming f*ggots should all catch HIV and die
(2) Those Right-wing religious nuts should be lined up and shot.
or
(3) Neither upsets me.
(apologies to anyone taking affront at either of these statements_)
Here's the thing, if you were a moderator and chose either (1) or (2)--you could be biasing your banning decisions.Comment is buried, click here to see the rest.
pc25Nov 26, 2011
well, well, well, lookey here, to paraphrase a line from "Cool Hand Luke", it looks like we dont have a failure to communicate between the 2 liberal RING LEADERS. LMAO, and they want you to believe there is no communication, bury orders or coordinated efforts to censor conservatives comments. ٩(●̮̮̃•̃) Ball's list ends at 70 and (LOL) nommies begins at 70, I guess she forgot how to count. Yes sir, good to know that there certainly is no liberal Flying Monkey Feces Slinging Twitter bury brigade at work. Just pure coincidence that Novey's hacked e mails are always posted by Nommie (a felony BTW), How clueless are you 2? Nommie outs one of her sock puppet accounts on that Maddow story the other day as does Novey. Just the fact that you guys are keeping a list shows a concerted and coordinated effort of the liberals waging a campaign to censor any and all opinion on Digg that they don't agree with. . It's a good thing for the country that neither of you work for the government or have top secret clearance. If you did our most sensitive secrets would already be in the hands of the Chicoms. Oh wait, I forgot, Clinton and Berger already did that.Comment is buried, click here to see the rest.
youareretardedNov 25, 2011
I'd like some example please. Show me on digg where a "liberal" posted anti gay remarks.
pc25Nov 26, 2011
kuppajava for one and his constant bashing remarks directed at certain consercative members.
anomaly100Nov 26, 2011
Kuppajava's and Mollydog's comments don't even compare. PC25 can get nasty too. He's even tried to blackmail me. What a f**kwit. As IF I'd allow that...
skywiseNov 26, 2011
Novenator-
http://digg.com/news/offbeat/omg_novenator_actually_says_alanocu_can_t_really_be_gay_because_he_s_conservative
pc25Nov 26, 2011
really nommie? and what about the liberals attacks on alan because he is a conservative gay
pc25Nov 26, 2011
there you have it no agree with nommie is getting nasty,
pc25Nov 26, 2011
then you willfully ignore the MSM attacks on Cain
daiichiNov 26, 2011
"I've never thought of or described Cain as "a black man who doesn't know his place" nor have I seen anyone else suggest that."
http://www.weeklystandard.com/blogs/msnbc-analyst-herman-cain-black-man-who-knows-his-place_604145.html
Now you have.Comment is buried, click here to see the rest.
superkendallNov 25, 2011
How is it the policy of REPUBLICANS to divide, in the very story about Republicans see only one class, and it's Democrats trying to incite class warfare...Comment is buried, click here to see the rest.
pc25Nov 25, 2011
Parrot boy hear, parrot boy repeat, their leader has decreed it and as the obedient Obama toolbags they are they decided to run with it. Meanwhile what do you expect on a thread started by ٩(●̮̮̃•̃)dd Ball aka novenator.Comment is buried, click here to see the rest.
rotfoxNov 26, 2011
Be honest now, you read the comments of these stories just to find something that you don't agree with. Then, you come up with some counter point in order to start a fight. Not because you enjoy bashing liberals but you just enjoy the debate and you can't find the same degree of heated debate from any other source.
maskedbandit60Nov 26, 2011
What's wrong with that?? :-)
rotfoxNov 26, 2011
Ah, nothings wrong with it. Debating is a good past time.
miklkitNov 25, 2011
"My constituency, the haves.....and the have mores." George W. Bush
That is your class. For the rest of us there is this.
http://politicalcorrection.org/blog/201010080001
stevanoskiNov 26, 2011
Good grief, still hatin' on Bush?
miklkitNov 26, 2011
The haves...and the have mores are still here, and still engaging in your class warfare.
Remember, it was Warren Buffet who first called it class warfare. And he said his class is winning.
stevanoskiNov 26, 2011
I'm part of the 100%, who are you a part of?
pc25Nov 26, 2011
you mean Buffet the Obama toolbag whose Berkshire Harhaway hasn't paid taxes since 2002 and the Buffetwho took exception to Obama concerning the depreciation on corporate jets. Buffet the fraud.Comment is buried, click here to see the rest.
youareretardedNov 26, 2011
"DiggBury
you mean Buffet the Obama toolbag whose Berkshire Harhaway hasn't paid taxes since 2002 and the Buffetwho took exception to Obama concerning the depreciation on corporate jets. Buffet the fraud."
I'm not following you, are you saying you are on the side of ows? Or are you saying such behavior as buffets is ok in your book?
pc25Nov 26, 2011
didn't you know the Titanic was Bush'a fault
maskedbandit60Nov 26, 2011
mik - Of course, that was a joke made at a Press Roast or something like that. But don't let that stand in the way of trying to pass it off as a serious comment from President Bush.Comment is buried, click here to see the rest.
leonard2Nov 26, 2011
You link to Mediablathers? If you want people to take you serious you need to link to something credible not something way out on the left-wing lunatic fringe.Comment is buried, click here to see the rest.
johnnysoftwareNov 26, 2011
Well, Wall Street Journal - oh, no wait, the editor had to step down due to some problems that occurred while he was working for Murdoch.
Well, the News of the World and the Sunday Times; hmmm, never mind.
To be honest, I have not seen many left or middle of the road news teams get in as much Nixon-style troubles as extremist right-wing "conservative" ones.
As for far out, dude, the rest of the media is pretty normal in comparison to that. When the news editors have to spend time deciding whether they will cover the ongoing slew of charges against themselves, that is when they are "way out".
ganjadude4391Nov 26, 2011
wow, this article is a joke. republicans dont have a problem with UNION MEMBERS... its the LEADERS!! you know, the 1%??? but what can we really expect from this crappy biased siteComment is buried, click here to see the rest.
realcoolguy9022Nov 26, 2011
Don't forget we want dirtier air and dirtier water, and Black's hanging from trees according to some (leftist) observers.
clitniblr036Nov 26, 2011
austinjameshere wrote "Meanwhile, those at the top keep stealing more and more. It's all divide and distract politics."
Exactly. Keep the masses fighting among themselves and keep them oblivious to how the ultra wealthy elite are raping them.
Boss Tweed said it best in the film Gangs of New York - the rich can always hire half the poor people to kill the other half.
tishi68Nov 26, 2011
sub-prime mortgages = predatory lending.
they (banks) bet against American dream (home ownership). and made tons of money.
"Magnetar Capital" "CDOs"
skywiseNov 26, 2011
LOL at the P2BlogPatriotBrigade buryin' up a storm!
braskan1Nov 26, 2011
Wise up, there is only one meaningful form of class warfare in the world - real people vs. the ruling class, all ruling class, which includes Democrats and Republicans, left and right, socialists, Marxists, fascists, crony corporatism, and all the other isims based on some people ruling other people. All so-called Progressives want to do is the same thing so-called Conservatives want to do: replace "their" criminal rulers with "our" criminal rulers. The only exception is libertarianism. So grow up and wise up.
rezzedoutNov 26, 2011
"The dark side of the Force is a pathway to many abilities some consider to be unnatural..."
rwboveeNov 26, 2011
Newt Gingrich is said to have a net worth of at least $6.7 million and an annual income of at least $2.6 million. So what did the Newtster do with HIS big Bush tax cuts for the wealthy? Got a $500,000 to $1,000,000 line of credit at Tiffany's for his beautiful much younger third wife Callista. See http://famous-conspiracy-theories-websites.blogspot.com/2011/11/newt-gingrich-scandal-new-world-order.html
mercedrocksNov 25, 2011
Lame blog spam. DEMs love the same BS.
brian1625Nov 26, 2011
Yeah, seriously. http://www.youtube.com/watch?v=1LY0AqYXZC4
sattireattireNov 26, 2011
Yes politicususa. ALL rich people are Republicans and ALL working class people are democrats. let's ignore that Obama's top campaign contributors were Goldman Sachs, JPMorgan Chase, Citigroup, etc.
Apparently, wealth = political party.Comment is buried, click here to see the rest.
elcalrissianNov 25, 2011
fta: "[The GOP} most recently pointed to people that bought homes they could not afford. They didn’t point to the banks who originated the loan and offered them the loan in the first place. They just point to the person receiving the loan."
I think it's the Bank's fault too, Lets look at who encouraged the Banks to give those loans (through guaranteeing those high risk loans through FannieMae):
http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html
(spoiler Alert!): it was the Clintons.Comment is buried, click here to see the rest.
njatc99Nov 25, 2011
Fannie and Freddie were late to the game. they were more of a VICTIM than a Culprit
johnnysoftwareNov 26, 2011
Enabler. They were the catcher. Banks, some anyway, let a lot of bad, fundamentally dishonest loans.
They did it at the same point banks in general were telling the US government that they wanted to do business with people in the US who didn't have a Social Security Number (SSN) or any other kind of federal tracking number; basically, just anonymous holders of cash -- much like a lot of criminal organizations' employees.
Anyway, they created the messed up loans, sold them to Wall Street firms, who then amalgamated them with other crumby investments and called them mortgage-backed securities.
Those then got sold to financial/banking firms in foreign countries, and like you point out, here too.
Had nobody bought the bad loans then the banks would have stopped making them.
Right?
njatc99Nov 26, 2011
See this American Enterprise speech from 2003? They talked about how Fannie Mae were not doing ENOUGH to help minority buyers.
AEI American Enterprise Institute in 2003 said THIS about Fannie and Freddie http://www.aei.org/article/economics/fannie-mae-and-freddie-mac/
"Fannie and Freddie suggest that they provide special assistance to minority families hoping to become homeowners. And if they did this disproportionately--that is, helped minorities or low income borrowers more than they helped middle class borrowers--that would be a powerful argument for preserving their current status."
"But they do not do this. Instead, according to a study by Jonathan Brown of Essential Information, a Nader-related group, Fannie and Freddie buy proportionately fewer conventional conforming loans that banks make in minority areas than they buy in middle class white areas.
Other studies have shown that the automated underwriting systems that Fannie and Freddie use to select the mortgages they will buy approve fewer minority homebuyers than similar automated underwriting systems used by mortgage insurers."
The sad fact is that Fannie and Freddie--two government sponsored enterprises that have a government housing-related mission--do less for minority housing than ordinary commercial banks.
Studies have repeatedly shown that banks and other loan originators make more loans to minority borrowers than Fannie and Freddie will buy.
That in itself should be a scandal, together with the fact that both companies seek through their soft- focus advertising to create the impression that they are actually using their government benefits for the disadvantaged in our society
ncmusicNov 26, 2011
http://www.responsiblelending.org/mortgage-lending/policy-legislation/congress/GSEs-and-Foreclosure-Crisis.pdf
ncmusicNov 26, 2011
More: http://www.nybooks.com/articles/archives/2011/oct/27/did-fannie-cause-disaster/?pagination=false
kcast985Nov 25, 2011
"The Republican party also likes to blame the poor. They most recently pointed to people that bought homes they could not afford. They didn’t point to the banks who originated the loan and offered them the loan in the first place. They just point to the person receiving the loan."
What a lie trashusa won't even knowledge the fact that the federal government forced banks to lower loaning standards or else they wouldn't let banks expand and create more jobs. What terrible reportingComment is buried, click here to see the rest.
novenatorNov 25, 2011Submitter
Wow. So it's the evil government's fault for "forcing the banks to not create jobs" unless they used predatory lending practices? Seriously?
kcast985Nov 25, 2011
"predatory lending practices" thats the new liberal name after there whole housing scam failed. Before it was all about equality and if republicans stepped in their way they were labeled racist for not wanting minorites getting housesComment is buried, click here to see the rest.
jhw539Nov 25, 2011
"Now, we've got a problem here in America that we have to address. Too many American families, too many minorities do not own a home. There is a home ownership gap in America. The difference between Anglo America and African American and Hispanic home ownership is too big. "
George W Bush
http://georgewbush-whitehouse.archives.gov/news/releases/2002/06/20020617-2.html
Reality's liberal bias again...
stevanoskiNov 25, 2011
Nove really, just doesn't have a grasp on economics unless his handlers tell him what to believe.
novenatorNov 25, 2011Submitter
massron, There is a difference between making loans more available to those who can afford them and predatory lending practices. That's what conservatives fail to realize. When these things started getting *pushed* on people to "reinvest in the equity of their homes!!!" as a matter of derivative gambling, it became predatory.
You can blame tens of millions of Americans all day long, but when the zombie box propaganda tells them over and over and over and over to do something, they'll usually do it. This is not a problem with what the government did, it was a problem with what the government did NOT do (intervene earlier, reinstate Glass Steagall, stricter regulation, etc.).
stevanoskiNov 25, 2011
"The government's affordable housing programs forced lenders to lend to borrowers without proper income and credit. So of course we ended up with toxic debt swilling around all over the world."
http://roadtothemiddleclass.blogspot.com/2011/07/liberal-la-la-land.htmlComment is buried, click here to see the rest.
sattireattireNov 26, 2011
damn you and your facts!
pc25Nov 25, 2011
put down the kool aid buddy. Pushed to reinvest in the equity in their homes for the new SUV, the 33 foot Sea Ray, private school for their kids, the European vacation, a 2nd vacation home, the ski vacation in Vail, plastic surgery or whatever their little hearts desired and that they couldnt afford. Add that to the fact that they took out mortgages on homes they couldn't afford. These 2nd and 3rd mortgages were't pushed on anyone. It's the instant gratification, I want it now, have to have the latest I Phone, GI JOE with the Kunf Fu grip; and I need to have it now. Where is the sense of personal responsibility from these people. You also had the Clinton administration greasing the skids for the housing meltdown as far back as 1994.
http://news.investors.com/Article/589858/201110310805/Housing-Crisis-Obama-Clinton-Subprime.htm
Rewind to 1994. That year, the federal government declared war on an enemy — the racist lender — who officials claimed was to blame for differences in homeownership rate, and launched what would prove the costliest social crusade in U.S. history.
At President Clinton's direction, no fewer than 10 federal agencies issued a chilling ultimatum to banks and mortgage lenders to ease credit for lower-income minorities or face investigations for lending discrimination and suffer the related adverse publicity. They also were threatened with denial of access to the all-important secondary mortgage market and stiff fines, along with other penalties.
Bubble? Regulators Blew It
The threat was codified in a 20-page "Policy Statement on Discrimination in Lending" and entered into the Federal Register on April 15, 1994, by the Interagency Task Force on Fair Lending. Clinton set up the little-known body to coordinate an unprecedented crackdown on alleged bank redlining.
The edict — completely overlooked by the Financial Crisis Inquiry Commission and the mainstream media — was signed by then-HUD Secretary Henry Cisneros, Attorney General Janet Reno, Comptroller of the Currency Eugene Ludwig and Federal Reserve Chairman Alan Greenspan, along with the heads of six other financial regulatory agencies.
"The agencies will not tolerate lending discrimination in any form," the document warned financial institutions.
Ludwig at the time stated the ruling would be used by the agen cies as a fair-lending enforcement "tool," and would apply to "all lenders" — including banks and thrifts, credit unions, mortgage brokers and finance companies.
the nationwide Whire Water.........
more nonsense from ٩(●̮̮̃•̃)dd BallComment is buried, click here to see the rest.
youareretardedNov 25, 2011
You do realize what you posted was a bill that was to address discrimination right? I mean you even quoated it:
"The agencies will not tolerate lending discrimination in any form," the document warned financial institutions."
andromedastarNov 25, 2011
youareretarded, you can't expect him to actually research the legislation too. He ignores the fact that the 1994 legislation did nothing about predatory lending practices and was never meant to do anything about it
pc25Nov 26, 2011
yeah and it was later expanded upon for everyone
novenatorNov 26, 2011Submitter
pc25 = rjwusa, another digg "patriot" that has been permanently banned. Do you ALL have sock puppet accounts? I thought you *hated* digg. What are you doing back here....again?!
stevanoskiNov 26, 2011
cite please novie, and a reliable one is preferable.
ganjadude4391Nov 26, 2011
and that is the persons fault for falling for it. perfect example, my brother and my sisters boyfriend are looking at some new technology. I work in the tech field, I keep telling them that the 600$ item they are looking at is just as good if not not better than the 1000$ option. they dont care they want the 1000$ item.
i dont blame the maker of the product, you can lead a man to water but you cant make him drink.
monster cable is a perfect example, time and time again we get results that proove the 5$ cable is as good as the monster, 80$ cable...yet people keep buying them.
i dont blame monster, i blame the idiots who keep buying itComment is buried, click here to see the rest.
pc25Nov 26, 2011
personal responsibility
cosmicsurferNov 25, 2011
You really are uneducated as to the lending industry.
We were fine until 1982 when the dereg mania started but those de-regulation laws brought in the subprime boom and predation along with it.
It is real, it is rampant and it was predation that created 99% of the real estate boom and bubble that nearly destroyed us.
Evilswine32Nov 25, 2011
Actually the banks were more than happy to loan to people who couldn't afford homes by baiting them into terms they couldn't meet. They want you to default so they get the house, and with the way things were going housing prices were constantly going up so it was a win for them. That is until the bubble burst. The banks were the ones more than happy to give sub-prime mortgages. It's also their, not there, kcast985. Just saying.
sattireattireNov 26, 2011
Completely wrong. It is not in the bank's best interest for you to default. It doesn't become their property, it IS their property until you pay your mortgage. However, they are protected from property taxes, maintenance, state and federal ownership taxes, etc. When you default, they accrue a huge bill. That is why they try to resell the home as soon as possible because costs build up fast.
The real problem is that freddie mac and fannie mae secured these loans. With secured loans, the banks had nothing to lose because, they already got paid back FROM Freddie and Fannie. They ALREADY have the money, therefore, you defaulting is actually going to cost them.
The problem is, the nation (not just the government) ran out of money to loan. Companies didn't grow and couldn't maintain projected costs. People got laid off. People couldn't pay their mortgage and lost their home. The banks accrued a huge cost and refused to give loans because they were in debt now. rinse and repeat.Comment is buried, click here to see the rest.
stevanoskiNov 26, 2011
Nope, they redlined areas and the Liberal/Lefty/Commies decided this was bad and voila, housing market collapse. Thanks Dem.s
pc25Nov 26, 2011
thats why Clinton and Cuomo started hitting them over the head.
Evilswine32Nov 26, 2011
Should have said foreclosed sattire. Not sure why you got voted down for being technically right. The one thing you're forgetting is that Fannie and Freddie are only pseudo government controlled. They had their own interests in mind. But investors did want foreclosures as housing prices wee climbing exponentially, when the bubble burst and housing prices started dropping they were left with a good investment gone bad and everyone stopped lending. There is one thing though, this whole "real Americans own homes" s**t has got to stop. Banks were also leveraging money they didn't have, something that regulation could fix.
ganjadude4391Nov 26, 2011
personal responsibility my friend. just because the bank will give you a million, dont mean you can pay for it. take some responsibility for what YOU do, and stop blaming everyone else for your stupidityComment is buried, click here to see the rest.
pc25Nov 26, 2011
heaven forbid
Evilswine32Nov 26, 2011
Predatory lending is just that, predatory. Lending practices were meant to make it look like a reasonable loan while in actuality it's in the banks favor. People can't see the future. We all have an optimism bias and think things will turn out better then they actually will. "I can afford it now, but will I be able to in 3 years?" Is out of most of our grasps to even think about realistically. Lenders are professional scammers, you think they're making money because everyone is stupid?
ganjadude4391Nov 27, 2011
and again how is that anyone elses fault? whats the old saying? theres a sucker born every minute? If you fall for a scam, It is your own fault, Ive been screwed a time or two, but i learned and ive been ok since.
Personal responsibility is severly lacking these days, especially here on digg as shown by 20 down digs for simply saying own up for your own self
Evilswine32Nov 27, 2011
The problem with what your saying is that you're being scammed by professionals on a subject that is notoriously difficult to understand. So being conned by a professional con artist makes it your fault? You're not using logic. I can understand if this were on a minor scale, but it isn't. This is a massive problem that has nothing to do with the home owners intellect or working prowess but instead they're desire for a piece of the "American dream." It is partially their fault of course, but you can't just give lenders a free pass to take advantage, it's still underhanded and caused a disaster for the entire country. To chalk it up to a lack of personal responsibility is naive and shows a complete lack of understanding for how the system works, no offense, but that's where the twenty negative diggs come from.
njatc99Nov 25, 2011
I suggest you read something on this housing crisis. considering back in early 2000s organizations like CATO said Fannie was NOT doing enough to get into sub prime lending. SHOCKER!
njatc99Nov 25, 2011
not CATO...AEI American Enterprise Institute in 2003 said THIS about Fannie and Freddie http://www.aei.org/article/economics/fannie-mae-and-freddie-mac/
"Fannie and Freddie suggest that they provide special assistance to minority families hoping to become homeowners. And if they did this disproportionately--that is, helped minorities or low income borrowers more than they helped middle class borrowers--that would be a powerful argument for preserving their current status."
"But they do not do this. Instead, according to a study by Jonathan Brown of Essential Information, a Nader-related group, Fannie and Freddie buy proportionately fewer conventional conforming loans that banks make in minority areas than they buy in middle class white areas.
Other studies have shown that the automated underwriting systems that Fannie and Freddie use to select the mortgages they will buy approve fewer minority homebuyers than similar automated underwriting systems used by mortgage insurers."
The sad fact is that Fannie and Freddie--two government sponsored enterprises that have a government housing-related mission--do less for minority housing than ordinary commercial banks.
Studies have repeatedly shown that banks and other loan originators make more loans to minority borrowers than Fannie and Freddie will buy.
That in itself should be a scandal, together with the fact that both companies seek through their soft- focus advertising to create the impression that they are actually using their government benefits for the disadvantaged in our society.
ncmusicNov 26, 2011
http://www.responsiblelending.org/mortgage-lending/policy-legislation/congress/GSEs-and-Foreclosure-Crisis.pdf