((Easy! The ring! <gdarfc>))

Let's see, Kathy, if I can translate gdarfc: Groaning dramatically and
regurgitating frozen cucumbers.

Am I close?

Judity

Let's see now. Obama was born 8/4/61. The Community Reinvestment Act was
enacted in 1977. Obama would have been about 16 at that time. Now please
explain how he is part of the reason.

Neal

Marsha <mas at (no spam) xeb.net> wrote in news:g00biv$enb$1 at (no spam) news.datemas.de:
You might want to read that again, Jeannie. I said "helping" to create,
not "sole reason."


sole reason, helping to contribute, whatever you want to call it, I think
it's a long-shot blaming Obama for it. This has been a problem that's been
brewing for YEARS!!! Let's just hope that you aren't unfortunate enough to
lose your job and your medical insurance and have to have your property
foreclosed on and then...gasp....you might be really thankful he encouraged
lenders to give people another chanc.

Fair enough, but I didn't say he created it or started it. I said he was
part of it and supported it. Easy enough to misunderstand, perhaps.
Here's a link to the column. Although people may not like this
"right-wing" site, if anyone can dispute it, I'm always happy to listen to
other opinions.

http://tinyurl.com/57rfe4

Marsha

((We just didn't buy what we
couldn't afford, and we still don't. ))

Phyllis, I've lived that way all during my working career, and it was
difficult at times. That habit has stayed with me into my retirement
years where my income is very much less. The only thing I splurge now
on is cat food since they deserve the best I can give them.

I still remember lusting over a gorgeous ring with a lavender jade
center stone surrounded by diamond and amethyst gems. I saw this in a
jewelry store window display almost 20 years ago. The first time I
saw it, the sun was shining on the ring, making the entire ring glow.
Every day after that, once I saw the price tag of $2,000, I'd go by
the jewelry store and just stand by the window dreaming of owning that
ring.

Let's see! Ring---cats, pretty ring---purring cats. Which gives me
more enjoyment?

Judity

"Phyllis Nilsson" <phyllisnilsson at (no spam) buckeye-express.com> wrote in
news:7a2dnTfvIqnb8bnVnZ2dnUVZ_rjinZ2d at (no spam) buckeye-express.com:

There are a lot of reasons for losing one's house, but if one
buys what one can afford and saves for the future, the money would be
there when the job is gone.

Again...you are being very judgemental. How do you know that these people
in foreclosure didn't buy what they could afford and save for the future?
The future could be now for them, Phyllis. Like I said, karma sucks and
let's just hope that it doesn't come back around to bite those who are so
critical of others, assuming that they have have done better than the
rest.

Jeannie,don't you ever get tired of fighting?

Some houses are now worth less than ownders paid for them and instead of
sticking it out and paying their debt, they're letting the houses go back
to the bank. There are a lot of reasons for losing one's house, but if
one buys what one can afford and saves for the future, the money would be
there when the job is gone.

http://biz.yahoo.com/ap/080509/bank_closed.html?.v=4

I wonder if this is the start of a trend, and if more will close due
to the mortgage crisis and excessive credit card debt. Just a
thought.

Judity

I have to agree, I dislike the right-wing site. In my search for causes for
the subprime crisis, this was the only article I found that twisted the
issue around to blame Obama. It really took a pretty convoluted path.
Others placed the blame on the lenders, prospective homeowners who expected
the appreciation of property values to continue forever and were caught out
when it didn't, fluctuations in the stock market, even the Fed, but not
Obama. I don't have time right this minute to hunt down sites that I
consider reputable enough to post links to, but I definitely don't see the
site you gave as one with any objectivity. I'll come back to this later
when I have more time.

Anne

Anne V. wrote:

I have to agree, I dislike the right-wing site. In my search for
causes for the subprime crisis, this was the only article I found that
twisted the issue around to blame Obama. It really took a pretty
convoluted path. Others placed the blame on the lenders, prospective
homeowners who expected the appreciation of property values to
continue forever and were caught out when it didn't, fluctuations in
the stock market, even the Fed, but not Obama. I don't have time
right this minute to hunt down sites that I consider reputable enough
to post links to, but I definitely don't see the site you gave as one
with any objectivity. I'll come back to this later when I have more
time.

Anne


Actually, the article doesn't blame Obama solely. It blames Obama and
those like him who worked for the Public Interest Research Group, who
lobbied for a stronger CRA. That was very short-sighted, IMO, although
maybe good intentioned. If you were owned a bank, would you like it if
the government told you that you had to loan money to people who were
bad credit risks? I don't think this is a good trait for a future
president.

Marsha/Ohio

Anne V. wrote:

I have to agree, I dislike the right-wing site. In my search for causes for
the subprime crisis, this was the only article I found that twisted the
issue around to blame Obama. It really took a pretty convoluted path.
Others placed the blame on the lenders, prospective homeowners who expected
the appreciation of property values to continue forever and were caught out
when it didn't, fluctuations in the stock market, even the Fed, but not
Obama. I don't have time right this minute to hunt down sites that I
consider reputable enough to post links to, but I definitely don't see the
site you gave as one with any objectivity. I'll come back to this later
when I have more time.

Anne


Actually, the article doesn't blame Obama solely. It blames Obama and
those like him who worked for the Public Interest Research Group, who
lobbied for a stronger CRA. That was very short-sighted, IMO, although
maybe good intentioned. If you were owned a bank, would you like it if
the government told you that you had to loan money to people who were
bad credit risks? I don't think this is a good trait for a future
president.

Marsha/Ohio