Good Things That Obama has Done

[greg334]

Since the regulatory board messed up the government is just righting a wrong....

They haven't done a thing to right any wrong. There wasn't issues with the regulations, or the banks taking advantage of them, the problem sat with the lack of oversight and regulatory accountability.

We still have a group of loans, adjustable rate mortgages which should not be there. We still have loose risk analysis regulations and we still haven't prosecuted anyone for breaking of the lending laws.

The one thing that all the companies and underwriters used was lending at 125% of the value of the home which is against the law. It is called speculation when any lender does this because they are betting on the increasing of the value which may never come true.

Frank and others in congress caused this mess and they are still covering their a** by helping the lenders out.

 

[OntarioVanMan]

the problem sat with the lack of oversight and regulatory accountability.


That is my point I guess.....who's the overseer? Why did this go on....who passed the buck?...They should be prosecuted as well......

You just can't let capitalists run like a wild pack of dogs....

 

[Tennesseahawk]

the problem sat with the lack of oversight and regulatory accountability.


That is my point I guess.....who's the overseer? Why did this go on....who passed the buck?...They should be prosecuted as well......

Barney Frank, Chris Dodd, Barak Obama, Nancy Pelosi, Franklin Raines... among others. Good luck getting any accountability, tho. They helped destroy this country in the name of demanding the poor be given something they don't deserve... financial trust!

You just can't let capitalists run like a wild pack of dogs....

Neither can you let the federal government. Me thinks that's a lot more dangerous.

 

[greg334]

OVM,
Sorry dude but capitalist in the purest form don't run like a pack of wild dogs. The problem we don't have capitalists any more, we don't run under the capitalist system when government is involved - it doesn't work that way.

The problem is we are the overseers of the system but we are too lazy and in most cases stupid to do anything about it. We are told by Frank and Dodd and Waxman and Levin that this is all too complicated and only Gietner and his people can explain it to us if they have time.

 

[OntarioVanMan]

oh you lost me.....who's the regulator then? whos the overseer?

 

[greg334]

OVM, Listen carefully.....

The rights travel from God to us to the states to the federal government.

Got it?

So congress was setup so the two important groups, us and the states, had separate representation.

Most of the states appointed senators and we elected representatives.

It is our responsibility not to have our representatives do bad things because it is a reflection of the people.

If say my rep McCotter was head of the ways and means committee, and he proposed an increase in taxes, I would want to recall him. Actually the present head of the ways and means committee, rangal, sees no problem in not representing his people but being part of the problem.

SO we are responsible for the mess because we have total oversight of what our representatives do in Washington. The only problem is the people are now too stupid to understand what I am talking about and believe that a black articulate man who is considered the second coming of Christ is far more important.

 

[DougTravels]

The stupid people voted for W. twice and the smart ones just elected a smart articulate man to fix the mess done by the stupid ones.

 

[greg334]

The stupid people voted for W. twice and the smart ones just elected a smart articulate man to fix the mess done by the stupid ones.

yea yea doug.. but the real stupid ones keep saying that the president can change things and keep voting the people into congress who have the real power....and who actually messed things up.....

hey you dropped the word black when you are describing Obama.

You do know by Black Detroit standards the word articulate is a racist term... who said that about Obama ... oh yea the guy you also voted for Joe "I am white and proud of it" 7-11 Biden.

 

[DougTravels]

yea yea doug.. but the real stupid ones keep saying that the president can change things and keep voting the people into congress who have the real power....and who actually messed things up.....

hey you dropped the word black when you are describing Obama.

You do know by Black Detroit standards the word articulate is a racist term... who said that about Obama ... oh yea the guy you also voted for Joe "I am white and proud of it" 7-11 Biden.

I didn't drop "black" I never refer to him by color, thats others doing. When you say articulate and black they get offended because you make it sound surprising that he is both. I say articulate to show the difference between him and our last prez.

 

[Steady Eddie]

Well I guess no one else can come up with anything good Obama has done, other than his resume, I do find it strange that no one really just came out and said that the debt we, kids, grand kids, and great grands will have to worry about was "Good". That shows hope. I was really getting concern that the Libs actually thought it was a good thing. Whoa!