bushievilles?

how is it bush' fault that people were sucked into loans they couldn't afford? that people overspend to keep up with their neighbors? that we, as a society, no longer know how to take NO for an answer - or that we no longer have the ability to plan, set goals and wait for the right time?

the implication that this mess could possibly be blamed on one man or one administration is laughable at best.

i'd be curious to know how many people who post here have found this to be the best financial time in their lives? we've never done better and the future is looking good for our family. anybody else out there doing well?

how'd you do it?

p.s. and, just in case - we have a camp trailer, a pop-up trailer and several tents - and we'll set them up on our property for any of our family or friends in dire need of a place to land.

how'd you do it?

#1 | Posted by nanc

By blogging on the retort 12 hours a day and having uncle sam pay me while I'm doing it. Being a night watchman at a govt facility has its privileges.

well bully for you, ninja!

It was all SOOooo predictable. The lending rules had become so liberal and relaxed that someone could take out a "no-doc," low interest loan where there is little or no proof of income, debt and such. With no down payment and the seller paying closing costs, the buyer hasn't invested a dime. The lender then packages a large group of these mortgages and sells them to Fannie Mae/Freddie Mac. in order to get the money to make MORE loans.
The buyer could move in, never make a payment and live free for the six months or so it takes the lender to foreclose. The government or insurance company backing the loan would then pay off the lender and take title to the property. We, the taxpayers, and the stockholders in Fannie Mae and Freddie Mac get the shaft. I flinch every time I see those ads for "government owned properties." What/who authorized the government to get into the real estate business?

absolute power corrupts absolutely.

there is no accountability. the house needs a very good cleaning.

"the implication that this mess could possibly be blamed on one man or one administration is laughable at best."

Unless, of course, that one man or administration was Democratic. Get real.

Nancy, you've accused me of stalking you, but how can anyone NOT stalk as blatant an apologist for Republican atrocities as you? herm

"the implication that this mess could possibly be blamed on one man or one administration is laughable at best."

....Mugabe....Hitler....Atatur k....Bonaparte.....Ghengis Khan.....

.....yeah.....I would have to say that one man, in the right place, at the right time......

.......can make or break a nation........