No surprise. It says it all when a bank that would loan a street person half a million for a sub-prime mortgage is worried John seriously doesn't have the heart for the campaign.

At least it shows he is healthy. Nobody would underwrite a 71 year old otherwise.

If I'm the eventual Democratic nominee my first order of business is to brand John McCain as "The Candidate Most Likely to Die in Office".

Nobody would underwrite a 71 year old otherwise.

Posted by eberly at 2008-02-01 02:04 PM


YEAH!

Thats What Jesus Said!

Red...sometimes you just say the nuttiest things.

I was just thinking the premiums had to be huge on someone THAT old.

I was just thinking the premiums had to be huge on someone THAT old.


10 year level term $1milliom face amount.......

Standard non-smoker $24,500 a year.

**** If I'm the eventual Democratic nominee my first order of business is to brand John McCain as "The Candidate Most Likely to Die in Office".
Posted by Reagan58 *****

......I was going to say that would be Bill Clinton......

......but then I realized you said Office not Orifice......

"Red...sometimes you just say the nuttiest things.

I was just thinking the premiums had to be huge on someone THAT old."
Posted by kerrin57 at 2008-02-01 02:10 PM

YEAH!
I was just agreeing with Eberly. Considering we are a Christian nation and all that honors life and all that jazz it only makes sense that those who are up in their years get treated like a pariah.
Profit First Jesus Always Said!

Red - If you were a banker you would just give people unsecured loans because they wanted or needed them? Isnt that what got some people into trouble with this housing crisis? Some people just dont qualify.

Requiring someone be able to pay off a debt makes sense.

Why do you equate sane fiscal policy with being a religious person? I dont see the correlation.

Red, having reservations about loaning 3 mil to an elderly man is not treating him like a pariah. We always had to carry a policy when we were in debt up to our neck with the farm.
Just as having doubts about voting for an elderly person to be president. It is a very valid concern.
Has nothing to do with religion or society.

Great minds ...Cap
Great minds!

Why do you equate sane fiscal policy with being a religious person?

YEAH!

I do no such thing!

All I am doing is exposing the Religious "Right" for what they are! Fake Plastic Lying Whores who Use Jesus as a Marketing tool to sell thier uglyness!

Im all for Sane Fiscal Policy ---- that's why I Hate Bush of course!

"Im all for Sane"
--REDNECKVILLE

Link please.

red, take a deep breath and put both feet back on the floor. Your stupid is hanging out.

"No surprise. It says it all when a bank that would loan a street person half a million for a sub-prime mortgage is worried John seriously doesn't have the heart for the campaign."


What does it say? The dr left was UPSET that banks provided credit to people, why I still don't understand. Would you have been happier if the banks refused to give them credit. John Kerry was very forceful in expounding on FNM and FRE, that they HAD to write loans, irregardless of property value and credit history, ie. NO REDLINIG?

Do you know what red lining means????????

The dr left has NO common sense.

As for making a person have life insurance to back a loan; it is very customary in banking.......

For decades now the left has been crying that people who can't afford loans be given loans. Now they're given loans and the left cries "foul".

WTF, let's just all roll over and give everyone 4,000 sq. ft. and 2 acres of grass to mow, free of charge. Will that make yall happy?

Keep in mind now, many, if not most of these needy people aren't making their beds or mowing their lawns now.

As for making a person have life insurance to back a loan; it is very customary in banking.......

If only reddickfaceville had ever done business with a financial institution (a pawnshop doesn't coun't) he might know that.

LOL

Hell, I don't make a senators wage and and I'm 20 years plus younger than McCain and my banker won't loan me more money than my assets are worth without my holding a life policy. It's standard operating proceedure in the business world and something young and old socialists/communists wouldn't have a clue about.

When your only responsibility in life has been to cry give me, give me, give me, what else would you expect them to think.

"For decades now the left has been crying that people who can't afford loans be given loans."

Of course there's no proof of this assertion... but never let that stand in the way of a good wingnut rant.

Hans

Hans

There is some truth to that. I might have been in the 70s when the banks were accused of "red lining." So liberals forced the banks to be more generous to the poor.

"So liberals forced the banks to be more generous to the poor."

Yeah... those "banks" are so easy to roll over. Especially by "liberals."

Hans

And all this subprime mess is all because of the Liberal Congress and Democratic President pressuring the banks to make loans to the poor for the last 6 years.

Wait, no, that's not right...

Yeah, ain't the truth a fucking bitch?

Yeah... those "banks" are so easy to roll over. Especially by "liberals."

I don't give a shit about labels because there isn't two cents worth of difference between a liberal and a conservative. The fact remains, banks and mortgage companies were facing lawsuits for "red lining" because it was seen as a form of racial discrimination. It was another form of affirmative action.

So the banks got feds to insure the loans and allow them to package them and sell them to other parties. I believe Country Wide Financial was a leader in the scheme. From then on, banks and mortgagors could rubber stamp loan applications without being responsible for losses. The whole banking system is dirty rotten corrupt.

And all this subprime mess is all because of the Liberal Congress and Democratic President pressuring the banks to make loans to the poor for the last 6 years.

Wait, no, that's not right...


Funny, your sarcasm is actually very incorrect because this mess isn't really about banks making loans to the poor. It is about middle class people buying way too much home and being allowed to finance 125% of the value to pay off other debts they incurred. Of course, they only continue to go out and incur more of the same debt because they can't control themselves.

Of course, they only continue to go out and incur more of the same debt because they can't control themselves.

And to think that they vote too.

I really thought John McCain was such a cool guy, bringing his daughter out with every victory speech. I was so amazed to learn that was his WIFE!!

Cnn did a sob story on a couple in Clayton, NC the other day. That people would think the taxpayer should have to bail these people out is disgusting.

When you've got nothing down you've got nothing to lose.

Who in their right mind earning collectively slightly less than 80 k a year (pre tax) would buy a home for 180 k on a variable mortgage with nothing down?

I've also seen several programs in the last year on the education level of many of these people "in trouble" on their mortages. Just goes to show me that education certainly doesn't mean smart. Looks to me that if you can pay the tuition you'll get your piece of paper.

Polly wanna cracker?