Arizona's New Immigration Law

[Slingin Sammy 33]

Originally Posted by saden1

SS33, read your post, read mine and then read the first paragraph of the article you posted.



You can bash the gov for the lack of regulation and oversight and I won't defend that but I can not accept "pressure/programs" line. Never!

You may not want to accept it, but it was a contributing factor. And I certainly do NOT believe, nor asserted, it was "Tyrone's and Julio's" mortgages that caused the economic meltdown. I live in suburbia in VB, I'm well aware of the foreclosure and for sale signs everywhere.

What I was responding to particularly was jtf's comment about "free marketism failed miserably", which I disagree with.

[joethiesmanfan]

Originally Posted by Slingin Sammy 33

You may not want to accept it, but it was a contributing factor. And I certainly do NOT believe, nor asserted, it was "Tyrone's and Julio's" mortgages that caused the economic meltdown. I live is suburbia in VB, I'm well aware of the foreclosure and for sale signs everywhere.

What I was responding to particularly was jtf's comment about "free marketism failed miserably", which I disagree with.

We agree to disagree. Now we know where we stand. What do we agree on. It seems like people are agreeing on anything anymore. Which leads me to this question. What are your perceptions of America. Is America an English/European Christian empire or something new created by the founding fathers.

[Slingin Sammy 33]

Originally Posted by joethiesmanfan

We agree to disagree. Now we know where we stand. What do we agree on. It seems like people are agreeing on anything anymore. Which leads me to this question. What are your perceptions of America. Is America an English/European Christian empire or something new created by the founding fathers.

Nothing I say or post will change your views/opinions. So it's best we stay at "agree to disagree".

[Rainy Parade]

Originally Posted by Slingin Sammy 33

And I certainly do NOT believe, nor asserted, it was "Tyrone's and Julio's" mortgages that caused the economic meltdown.

my apologies if that quip was in repsonse to your post, i should have clarified.... i have heard (first hand in person as well as from "the media") plenty of people say that the housing crisis and subsequent economic collapse was caused/mostly the fault of "giving mortgages" to "minorities." my bad for implying that YOU said that or believe that. but it's been asserted.

[JoeRedskin]

Originally Posted by Rainy Parade

my apologies if that quip was in repsonse to your post, i should have clarified.... i have heard (first hand in person as well as from "the media") plenty of people say that the housing crisis and subsequent economic collapse was caused/mostly the fault of "giving mortgages" to "minorities." my bad for implying that YOU said that or believe that. but it's been asserted.

I have seen the same thing said but more from an allegation that predatory lenders/mortgage brokers were taking advantage of "unsophisticated" purchasers. Not sure if that is the same thing you are referring to. Undoubtedly, many of these unscrupulous brokers made promises of easy money to people who wanted to believe in "pie-in-the-sky" investmets and targeted low-income individuals. Plenty of fault to go around on that scenario.

[Rainy Parade]

Originally Posted by JoeRedskin

I have seen the same thing said but more from an allegation that predatory lenders/mortgage brokers were taking advantage of "unsophisticated" purchasers. Not sure if that is the same thing you are referring to. Undoubtedly, many of these unscrupulous brokers made promises of easy money to people who wanted to believe in "pie-in-the-sky" investmets and targeted low-income individuals. Plenty of fault to go around on that scenario.

agree, predatory lending was a huge part of the problem.

unfortunately i've been around people who claim not to be racist but then always seem to find a way to blame every issue/problem on minorities. in polite language of course.

[joethiesmanfan]

Originally Posted by JoeRedskin

I have seen the same thing said but more from an allegation that predatory lenders/mortgage brokers were taking advantage of "unsophisticated" purchasers. Not sure if that is the same thing you are referring to. Undoubtedly, many of these unscrupulous brokers made promises of easy money to people who wanted to believe in "pie-in-the-sky" investmets and targeted low-income individuals. Plenty of fault to go around on that scenario.

Now comes the same simple question. Why would the banks approve and back thes predatory mortgage brokers. Mortgage brokers can't make the mortgage the bank does. Banks made it clear there was money to make and lot's of it for helping them put warm bodies in these houses. By blaming the mortgage brokers you are blaming the banks. The mortgage brokers got rich from the sub primte loans they are not at fault at all. The bank has to approve the loan. They were paid a hefty fee to reduce that inventory. They were helping the banks try to avoid the inevitable.

[Slingin Sammy 33]

Originally Posted by Rainy Parade

my apologies if that quip was in repsonse to your post, i should have clarified.... i have heard (first hand in person as well as from "the media") plenty of people say that the housing crisis and subsequent economic collapse was caused/mostly the fault of "giving mortgages" to "minorities." my bad for implying that YOU said that or believe that. but it's been asserted.

Cool, Thx.