nypost.com — WHAT exactly does a "community organizer" do? Barack Obama's rise has left many Americans asking themselves that question. Here's a big part of the answer: Community organizers intimidate banks into making high-risk loans to customers with poor credit...
Sep 29, 2008 View in Crawl 4
diggduggdunnSep 30, 2008
I can't believe ANYBODY digging you down on that (and not commenting on why). You are 100% right! It's not racist to say that you shouldn't loan money to people who can't pay it back! Well....maybe it is to some, but they're idiots.
tbyrd073Sep 30, 2008
Because that's not what this year is about. It's all about blaming the Republicans this year. Come on man get with it. (/sarcasm since most people don't have good sarcasm detection)
txchicaOct 1, 2008
Charm,"Oh SNAP"? LOL, are you 12 years old or just acting like one, my nieces and nephews used to say that silly phrase, but if it makes you feel superior then use it, I prefer to use actual links that work, none of your NPR links work, nor can you paste then and make them work.I'm going to give you two links, one from the actual newspaper who wrote the story and then the one from the dailykos sensationalizing it. There's a huge difference in the stories themselves, although I'm not surprised about that as the DailyKos likes to make these crazy connections. And people like you actually believe them, that's what is so scary. Typical double standards from you liberals, Obama can't be held accountable to who he's linked to: Rev Wright, Tony Rezko, Ayers etc., but some crazy right wing group who may like McCain releases some video which has not been connected to this gassing except by the DailyKos linking and he's now somehow responsible? Asinine, completely asinine. <a class="user" href="http://www.daytondailynews.com/n/content/oh/story/news/local/2008/09/27/ddn092608evacweb.html?cxtype=rss&cxsvc=7&cxcat=16">http://www.daytondailynews.com/n/content/oh/story/ ...</a><a class="user" href="http://www.dailykos.com/storyonly/2008/9/28/203016/697/536/613742">http://www.dailykos.com/storyonly/2008/9/28/203016 ...</a>As far as the loans, I never said that the loans where the only reason that Wall Street is having problems, it was a part of it, stop making so many assumptions. The facts are that too many people where given sub prime loans which they couldn't pay, thus the increase in foreclosures and the the collapse of the housing bubble. Link to sub prime loans: <a class="user" href="http://www.investopedia.com/terms/s/subprimeloan.asp">http://www.investopedia.com/terms/s/subprimeloan.a ...</a>I've also given you a link to what "mortgage backed securities" are and maybe then you'll understand how those bad loans screwed up the system. <a class="user" href="http://www.sec.gov/answers/mortgagesecurities.htm">http://www.sec.gov/answers/mortgagesecurities.htm</a>Having said that, greed had a lot to do with this mess on Wall Street and those who were in positions of power in those companies should be held accountable. I don't like the bailout and don't think tax payers should be held responsible for it, but to not do something is crazy too, so it's tough. Now, go ahead and do a little more research, and see how the assumptions you've made are inaccurate, so think about that next time you try to call someone out on their info.
olenickOct 1, 2008
McCain's campaign lead was collecting $15K/month from Freddie until the government took it over. Get real: both parties had their hands in this. As far as the "irresponsible borrowers" I've had enough of this Republican crap: the problem is irresponsible lenders. Many of the borrowers were greedy or dishonest or just plain dumb, but the lenders knew exactly what they were doing and exactly what the risks were. One of them has to lose their shirts: it should be the lenders. Government should use eminent domain to take the paper at
mbsqOct 1, 2008
Here's a suggestion. Why don't you look up what OBAMA actually did in his job. The information is available. Job training programs, protecting low income people from asbestos laden apartments... no subprime lending.....
mbsqOct 1, 2008
Everyone in their right mind knows that the financial problem has to do with lax regulation and excessive speculation on mortgage derivatives, where people took risky actions without being responsible for the consequences, brought in by Phil Gramm et al. The CRA has little to do with it.