[quote]Did you look to see where they place or are you just blowing smoke?[/quote] They were about 10 to 20 points higher but like i said before you have to compare individuals who are being home schooled vs. the local schools in their area because there are huge differences between school districts, in particular between surburbia and inner city.
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[quote]It does not address the root cause. [/quote] Predatory lending laws were passed over a decade ago. Too bad the executive branch didn't enforce them but instead went as far as hindering states and local municipalities from writing their own. However when you read the bill you will notice that there are provisions in there that: Enhance Mortgage Disclosure requirements Combat Mortgage Fraud Sets capital requirements for FHLB's <
[quote]Is she somehow misrepresenting herself?[/quote] Thats for you to decide. Is she competent? She was incapable of running Wasilla so she hired a town Manager named John Cramer. She got a hockey rink built on land the city didn't own. She took the money for the bridge to nowhere and built the road to nowhere She signed a contract giving a company a 500 million dollar subsidy for a pipeline deal that is far from guaranteed
JoeUser Forums
[quote]If they foreclose on a property and the government sells that property for more than it paid it is breaking the law set by the Congress in keeping the surplus money[/quote] They are not buying foreclosed properties...They are buying securities under the provisions of a law that was just passed a few days ago....Go read the new law.
[quote]Those same home schooled children have to go to public school and take the same standardized tests as the public school children and they are rarely outside of the top 10% of the students that test. [/quote] Does that prove that they are being better educated or that they are simply being better prepared to pass a specific test? How about the SAT's....It looks like home schoolers are just a few points above the average on those tests. Hard for me to believe that is in t
[quote]There is something troublesome to me about giving them a pass in such circumstances[/quote] I don't give them a pass. I blame politicians on both sides of the fence for the problem. I think both parties are to blame for taking the US to the point it is at. Unfortunaltely too many people believe it is one or the other without realizing it is both. [quote]Trying to prevent anyone from correcting the impending fallout[/quote] It was already to late and as I've said
[quote]Things like, yes, sir, or yes, ma’am. They show maturity and judgment. Yes, they can act their age but they do so with respect and dignity.[/quote] Manners, values, and morals are things that people learn from their parents and churches, usually at a fairly young age. I would suspect that a society in which the need for both parents(or single parents) to work is commonplace would have a lot to do with this. I have no problem with home schooling, what others do is none of
[quote]However you could draw a tenuous link between the richest people and the collapse; the richest people are likely to have a high amount of wealth invested in shares.[/quote] You really can't though. If you look at the forbes 400 list you will see a lot of people who have gotten their wealth from businesses they created themselves. Much of their wealth is derived from stock holdings of their own corporations many of which have created wealth and jobs for others. There are only a
JoeUser Forums
[quote]Yhea, those are sub-prime mortgage,[/quote] No they are not. They are derivatives that were valued on the principal and the expected interest payments of pools of loans . Expect the banks,etc. to try to dump their worst, so you are talking about pools of non GSE underwritten derivatives which may include pools of loans with large % from areas that have seen the largest drops in real estate values and/or pools that have particularly high % of subprime loans, etc.
[quote]The Democrats didn't believe a problem[/quote] Not really....Certain people didn't want to create a "panic" about the GSE's in hopes that it would keep the stock price from diving and continue to have new stock/bond offerings if necessary. This includes members of certain committees and the Bush Admin. Look what happened when a letter Shumer wrote to the OTC and FDIC about IndyMac surfaced. It caused a run on that bank and it went under practically overnight.
JoeUser Forums
[quote]Folks, you do realise that the U.S. government will actually make a profit out of these bailout? If the taxpayer actually churns out the 700 billions, they will cash in about 1 trillion in future asset that will be paid back over time by the mortgagers.[/quote] Dont keep your hopes up. Do some research on these "assets". You may think otherwise after you do.
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[quote]DEA, FBI, CIA, Secret Service, IRS and any and all government organizations have to abide by these rules written by Congress. All private property, that is ALL private property must not be held longer than 180 days[/quote] The GSE's are not held under these rules. They are still ENTITIES and not AGENCIES. They are simply under conservatorship. [quote]And for 4% we are panicked?[/quote] The problem is the GSE's exposure to derivatives.
[quote]If the GSE regulators were forced to scrutinize the worthiness of those packages coming through them, it would have had an negative impact on the lenders who were used to cranking out those mortgages without regard to worthiness since 'the Government will back them; We're covered and besides, We're making a ton of money!'. [/quote] The problem was the lobbies. The banks didn't want HUD/FHA to be making subprime fixed rate loans available because they were making tons offering a
[quote]Where did I say I was against the bailout bill? I am in favor of it. Been in favor of it. [/quote] Didn't say you were. Was just pointing out where some good information from economists can be found. [quote]That's nice. None of my information has come from FOX. [/quote] None? You have your own thread here about the crisis that starts off with a link to a FOX video. [quote]What cave you been hanging out in? What do you think the subprime
[quote]Please try to flip a house in the next boom market without doing anything to it and see how profitable it is.[/quote] No need to.....I was simply pointing out something that other people were doing which helped fuel the current situation. I'm more for buying during a dive and renting until they are paid for, then selling into a boom.
[quote]But that is the basic premise of both the progressive tax structure and MM's plan[/quote] Moore's plan in no way reflects a progressive tax plan nor are they based on the same premise. It is a piece of media meant to to boost website visits in order to boost the bottom line.
[quote]If I point out that the ultimate source of the credit crisis are NOT the top 400 but more commonly the poor who bought houses they couldn't afford[/quote] The ultimate source of the credit crisis is US foreign debt and trade imbalances that keep growing that debt. We were relying on foreign investment to fuel our economy and some boys on Wall St. cheated them. Now the foreign investors are ramming those bad investments back down our throats. If we were not relying on foreign in
[quote]There shouldn't be any reason to prefer one class of citizens over another in terms of asking to bail America out ... should there?[/quote] Youre right there shouldn't be. But take a look through all the posts in this thread. Do you see anyone who actually supports Moore's plan? He's a provocative businessman in the media industry and should be taken as such. He is no different from Randy Rhodes, Rush Limbaugh, Rachel Maddow, Sean Hannity, etc. except in the fact
[quote]Can't speak for him, but I think he meant the other 299,999,600 people[/quote] Then don't try to speak for him. Let him continue to backpeddle out of his own statements. It is obvious that he has finally gone beyond FOX and rightwing blogsites to look for information which is always a good thing. [quote]MM is a fierce class warrior, no doubt.[/quote] No doubt in my mind either. But looking at what is being said by the far left as well as the far right can
JoeUser Forums
[quote]They have 180 days to get rid of the property then it must be sold at auction. The GSA handles the auctions[/quote] No the GSA is seperate from the GSE's. You took the typo of a different post, drew a false conclusion, and you are now trying to prove something based on a mistake. [quote]If this law was so great why do they need to pass another one?[/quote] Goes to show you how badly broken our economy is. The Housing and Economic Recovery Act of 2008</st
[quote]1) In an article that proposes that the richest people in America pay for the bailout of the rest of the country you see nothing wrong with that.[/quote] I see plenty wrong with the bill and plenty wrong with the fact that the taxpayer gets stuck with the bill. However I've done plenty of research on financial crashes and realize how important it is to recapitalize the banks. Maybe you should do the same. I would suggest googling nouriel roubini, the Japanese financial crisis,
[quote]That is a bit vague lol... OK try to flip a property with out doing anything to it even in the next boom market... let us know how it goes.[/quote] People were doing it in the highest growth areas with newbuild condos and townhouses. Fla, Cal, Nev., Az. Some of these markets were going up 15-20 % annually. Unfortunately now that are falling just as fast...lol
"What Smoothseas doesn't seem to want to recognize is that there is an origin to tihs and while deregulation is certainly a big part of the problem (especially of Fannie Mae), it ultimately originates with Fannie Mae lending to individuals who couldn't really afford it. It's a huge mess." The problem with the GSA's books are not their own loans or the loans that they underwrote from regulated HUD lendors. They are the mbs's they bought from unregulated lenders. The problem mbs's
"Oh wow. So now poor people are a protected minority?" No. However I do believe that someone who sees nothing but red or blue And who can't see there is grey and not just balck or white And who thinks everyone who doesnt agreee with them must be a liberal or who can even prove them wrong must be a liberal And who thinks that the problem must be another class is a bigot
[quote]He basically tried to point at the few who may actually be in the scenario he created making it seem as if everyone who is seen as the vitim is somehow how he descibes them in his scenario when that is not true.[/quote] No he didn't. He's a bigot.
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