tag:blogger.com,1999:blog-3226880472767338889.post202233593343288321..comments2008-10-03T17:22:40.277-04:00The Socialitehttp://www.blogger.com/profile/14408582309125793106noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3226880472767338889.post-64580776305102416372008-10-03T17:22:00.000-04:002008-10-03T17:22:00.000-04:00It is dangerous to even watch FOX news. you definitely cannot believe what they say. The banks are to blame for running wild loaning money to unqualified people. There are countless minorities who are qualified and continue to pay their mortgages. We get lost in the shuffle. As a real estate agent and investor, real estate is still the best way to grow your long term wealth. Don't let FOX news scare you into not going for your piece of the American Dream!MirthNadirhttp://www.blogger.com/profile/06592551410582704678noreply@blogger.comtag:blogger.com,1999:blog-3226880472767338889.post-24566787530685863322008-10-02T19:17:00.000-04:002008-10-02T19:17:00.000-04:00Please stick with the facts. <BR/><BR/>The current crisis is the result of lending institutions being forced to make loans in certain areas. These areas are occupied primarily by minorities. This comprises the bulk of the sub-prime loans. This is not the fault of the minorities living in these areas, nor is it the fault of the lenders. It is the fault of Congress, and two Democrat Presidents: Jimmy Carter and Bill Clinton.<BR/><BR/>There were very few home loans in these areas. Organizations such a ACORN are responsible for pressing for legislation to force these lending institutions to carry a certain percentage of their portfolios from these areas, along with the relaxed mortgage rules of no money down, etc. These are the people defaulting on their loans. The banks are not at fault, nor are the minorities living in the areas. <BR/><BR/>If the companies had kept their lending criteria the same before being forced to make the loans, two things would have happened: No mortgage crisis, and very few minorities in houses. <BR/><BR/>With that said, it is racist to assume that the rich, greedy white man is responsible. The facts are what they are. <BR/><BR/>On the flip side, only 20% of the homes are in default, and that means a hell of a lot of minorities own houses they would never have been able to get before.Jim Byrdwww.jimbyrd.comnoreply@blogger.comtag:blogger.com,1999:blog-3226880472767338889.post-477911805917624832008-10-02T15:46:00.000-04:002008-10-02T15:46:00.000-04:00As mentioned above. The truth of this crisis resides in the GREED of the credit system. This collapse of the market is just a cry out from the people who have been taken advantage of for far to long. The whole credit system needs a complete restructuring, but the truth of the whole situation is that GREED will win once again. <BR/><BR/>The bailout plan is complete disguise, which is being forced just like the war on Iraq. When the money is gone it will be to late and then we will hear I'm sorry from the new president because it will fall on his plate. Imagine being a new minority President with the biggest expectations on your shoulders and the majority of the Caucasian populations looking for an excuse to say you are unfit. This bill will have long implications which our economy will feel and the true men of GREED i.e. the Federal Reserve will have complete control. It is said that the individuals who control the money supply controls the nation. For many of you who didn't know the Federal Reserve is a private company. With that being said look between the lines and you will see that they are forcing NEO to take blue pill (matrix). <BR/><BR/>Be Safe and Blessed<BR/>Love the blog.<BR/><BR/><BR/>P.S.<BR/><BR/>www.mahoganygrove.com Coming soonMr. Blackwww.mahoganygrove.comnoreply@blogger.comtag:blogger.com,1999:blog-3226880472767338889.post-71960210816781103332008-10-02T15:01:00.000-04:002008-10-02T15:01:00.000-04:00Its like someone aloud them to be the only ones that have the right to be outwardly racist. Someone told me that in 2008 you can just say what you want.The Socialitehttp://www.blogger.com/profile/14408582309125793106noreply@blogger.comtag:blogger.com,1999:blog-3226880472767338889.post-78456434205521625202008-10-02T14:16:00.000-04:002008-10-02T14:16:00.000-04:00FOX news at this Neil Cavuto are just incredibly ridiculous and they both need to get off the air ASAP. Fox just can't help but be racist for whatever reason. They just say the most outlandish and ignorant things possible. I just wonder how this stuff is even allowed on television. I fail to see any logical reasoning behind any of their arguments.philosopherhttp://www.blogger.com/profile/00983514673568309248noreply@blogger.comtag:blogger.com,1999:blog-3226880472767338889.post-37750368746286460862008-10-02T12:47:00.000-04:002008-10-02T12:47:00.000-04:00LMAO, you have to find humor in the ignorance...<BR/><BR/>...the only way to keep your cool.Beautifully.Conjured.Uphttp://www.blogger.com/profile/07406790625325877853noreply@blogger.comtag:blogger.com,1999:blog-3226880472767338889.post-49972016170235718612008-10-02T12:09:00.000-04:002008-10-02T12:09:00.000-04:00Ha! That's funny! I actually had the opportunity to do an in-depth presentation on the mortgage crisis and adjustable rate mortgages. Minorities are not to blame. Greed is to blame. These loans were profitable. Many issuers saw this disaster coming, but they were making money so they didn't stop throwing out mortgages and liar loans (loans withlittle or crappy documentation)like hotcakes. <BR/><BR/>There are a bunch of different types of mortgage loans, and borrowers should do their homework. Nevertheless, issuers are educated on the product and should explain risks to customers. Why would you give a loan to someone when you know damn well that they can't repay it? <BR/><BR/>C'mon now.Good Tastehttp://www.blogger.com/profile/16381216182031385682noreply@blogger.com