2016 Postmortem

burfman

(264 posts)

75. I think you've got more discipline than most Americans.

Mon Jan 18, 2016, 01:00 PM

Jan 2016

I don't know how many people are able to buy their house in cash outright that are not zillion-airs - or perhaps more likely your a lot more disciplined than most of us. I myself got one of those "home-equity" mortgages to finish off the basement in addition to the regular one when I got my house. Things went along OK till the economy melted down in 2008, took the house prices with it and at the same time the company I was with folded. Recently the worth of the house increased just enough to refinance and get it down to one mortgage. I think if the Federal deduction ever went away most of America would have to move out of their houses. Anyways - a tip of my hat for being able to not have that mortgage hanging over your head! Must be nice!

Burfman............

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Video Emerges That Shows Hillary Blaming 2007 Housing Crisis On Homeowners [View all] eridani Jan 2016 OP

Wow. Disgusting. She is still defending Bill's repeal of Glass-Steagall and refusing to reinstate it Green Forest Jan 2016 #1

Easy. The PTB of the Democratic Party backed Obama in 2008 and are backing her now. merrily Jan 2016 #29

I think lots of people/entities share the blame for the housing crisis. Hoyt Jan 2016 #2

Blaming it on homeowners was a PR effort to shift blame from the brokers... Human101948 Jan 2016 #4

I agree, but the reason the loans were unsound/garbage was part of the problem. Hoyt Jan 2016 #5

Who's to Blame for the Mortgage Mess? Banks, Not Homeowners Human101948 Jan 2016 #7

If banks had been saying No to loans, there would have been an uproar that the Hoyt Jan 2016 #8

and I guess Mbrow Jan 2016 #11

Huge +1! Enthusiast Jan 2016 #13

The illegal robot signings were a technicality. If I'm living in a house, I expect to pay someone. Hoyt Jan 2016 #34

Yeah, I'm sure that Woody Guthrie would have agreed with you brentspeak Jan 2016 #78

The robo signings were still a technicality that was used to forestall foreclosure -- which I'm fine Hoyt Jan 2016 #79

A totally discredited right wing argument... Human101948 Jan 2016 #30

Baloney. Banks said no to loans throughout all history, until crap mortgage derivatives. merrily Jan 2016 #33

Tax revenue? freedom fighter jh Jan 2016 #42

Property taxes, income tax on workers and builders, sales tax on new furnishing and stuff bought by Hoyt Jan 2016 #46

Indeed, the mortgage tax deduction is government action to promote home sales. freedom fighter jh Jan 2016 #61

I never trust any salesperson. And yes, the mortgage folks were only interested in closing a loan, Hoyt Jan 2016 #66

I think you've got more discipline than most Americans. burfman Jan 2016 #75

It's been real nice even if the original cause was neurotic. freedom fighter jh Jan 2016 #84

Makes perfect sense in retrospect. burfman Jan 2016 #85

Thanks, Burfman. freedom fighter jh Jan 2016 #88

Your attempts to absolve Wall Street of blame for the crash is inexcusable. It is established fact they ChisolmTrailDem Jan 2016 #70

Huge +1! Enthusiast Jan 2016 #12

For the most part, the loans were bad only if prices dropped. Otherwise if one got in trouble, they Hoyt Jan 2016 #82

Your posts are way off base. Since forever, banks were the ones who decided whether a borrower merrily Jan 2016 #31

I agree the system rewarded more loans. But the government didn't crack down on Hoyt Jan 2016 #40

FYI. Repeating yourself doesn't improve your position. It only wastes time. merrily Jan 2016 #41

Maybe the "average buyer should have had a clue" before taking out a mortgage the Hoyt Jan 2016 #44

IF every loan had been paid in full it couldn't have covered all the fraudulent derivatives Vincardog Jan 2016 #81

this is the heart of the matter SoLeftIAmRight Jan 2016 #86

Hillary IS TOAST on The Wall Street Stuff! THIS Just Adds More Fuel To The Fire CorporatistNation Jan 2016 #69

+ 100 n/t Peregrine Took Jan 2016 #77

Hillary is definitely the Republican kind of Democrat jfern Jan 2016 #3

Those bums! Helen Borg Jan 2016 #6

OMG how dare you dig up something that happened over 8 years ago davidpdx Jan 2016 #9

She's changed now. BlueJazz Jan 2016 #10

She didnt exist SwampG8r Jan 2016 #15

That's why I'm voting for Hillary. She told her audience of financiers to fix the problem. Then, she Hoppy Jan 2016 #14

Yeah, she fixed it all alright. Just like she solved Flint Michigan's notadmblnd Jan 2016 #35

She was the Senator of Wall Street. Ironically, this is one of her claims I actually do believe. DisgustipatedinCA Jan 2016 #16

Her campaign's coffin is nearly one solid sea of nail heads. Divernan Jan 2016 #17

Spread the Word... Upcoming Voters Deserve to Be FULLY INFORMED! CorporatistNation Jan 2016 #71

Good!!! newfie11 Jan 2016 #18

At least we know where her true allegiance lies. Vinca Jan 2016 #19

no video for me at link dsc Jan 2016 #20

Despicable IGNORE - nt KingCharlemagne Jan 2016 #21

As the person who responded to you shows, you are not allowed to be levelheaded about this. stevenleser Jan 2016 #26

Wrong. See Reply 31. Hillary is saying the same thing right wingers on CNBC were saying in 2008. merrily Jan 2016 #36

Here you go. JRLeft Jan 2016 #27

i mean the video where she says what is quoted dsc Jan 2016 #39

This quote? JRLeft Jan 2016 #45

Did you even read what you posted. Not ALL Wall streets fault. That means it is partially Wall stevenleser Jan 2016 #47

I guess as a Clinton supporter you're looking for a way to JRLeft Jan 2016 #50

I guess as a Sanders supporter, you are eager to distort anything his opponents say. nt stevenleser Jan 2016 #51

You know damn well she blamed the homeowners in that video, but JRLeft Jan 2016 #55

No, I'm not pretending she doesnt think homeowners deserve part of the blame. I'm reality based. stevenleser Jan 2016 #56

She's blinded by the Wall Street cash she receives personally and for her campaign. JRLeft Jan 2016 #57

That's an interesting attempt to move the goalposts from the field to the ocean but its meaningless. stevenleser Jan 2016 #64

not the one you posted dsc Jan 2016 #49

There was another clip in the video watch again the entire video.. JRLeft Jan 2016 #52

I saw it now dsc Jan 2016 #53

You can see you are not going to get anywhere even though you are clearly right. nt stevenleser Jan 2016 #48

Yeah, and cut it out! Or something. AllyCat Jan 2016 #22

it's amazing to me how anyone continues supports her. Javaman Jan 2016 #23

Bernie should air that ad. JRLeft Jan 2016 #24

Yes, and bring it up at the next debate. CharlotteVale Jan 2016 #28

In all likelihood, the next debate will be too late. They planned it that way. merrily Jan 2016 #37

There is one more scheduled in Feb, before Super Tuesday. morningfog Jan 2016 #59

Thanks! Just not before Iowa and NH. I must have conflated. merrily Jan 2016 #60

It's Hillary's 47% moment. Kalidurga Jan 2016 #32

OMG, her HUSBAND is one of those to blame for the housing crisis. The only good thing about her RiverLover Jan 2016 #25

Yep, and not only because of repeal of Glass Steagall, either, but she blamed it on Bernie!! merrily Jan 2016 #38

Seriously. There are no words. RiverLover Jan 2016 #43

Oh, RiverLover, please let it go. It creates cortisol in your body and cortisol is evil, merrily Jan 2016 #62

I'm going to print out your post... Ino Jan 2016 #73

"Now these economic problems are certainly not all Wall Street’s fault – not by a long shot." Bread and Circus Jan 2016 #54

Here you go~ RiverLover Jan 2016 #58

The quote I am asking about is not in that video Bread and Circus Jan 2016 #63

Here's the entire speech (and quote) Oilwellian Jan 2016 #67

Thank you very much. Bread and Circus Jan 2016 #74

Remind me who or what made available the option of paying extra fees to avoid documenting income? merrily Jan 2016 #65

It is the banks JOB to protect their depositers money. bvar22 Jan 2016 #87

Agree! merrily Jan 2016 #89

Yeah, that's pretty disgusting. EndElectoral Jan 2016 #68

kick Quixote1818 Jan 2016 #72

Kick azmom Jan 2016 #76

Institutional responsibility is separate from individual responsibility Babel_17 Jan 2016 #80

devasting. nashville_brook Jan 2016 #83

Disgusting is correct. She's a brought and paid for by the Banksters Bernblu Jan 2016 #90

Jesus... WillyT Jan 2016 #91

She's done azmom Jan 2016 #92