tag:blogger.com,1999:blog-5736378642004875114.post4575114602873898208..comments2024-01-21T22:17:21.149-06:00Comments on The Natural State Hawg - ramblings from an Arkie: Why isn't the government taking its share of the blame for the foreclosure mess?HawgWyldhttp://www.blogger.com/profile/02749940044190568834noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-5736378642004875114.post-81874888077039623902008-09-22T23:01:00.000-05:002008-09-22T23:01:00.000-05:00Karen:Well, I'm going to read at least one sewing ...Karen:<BR/><BR/>Well, I'm going to read at least one sewing blog from here on out ;)<BR/><BR/>Thanks for the award!HawgWyldhttps://www.blogger.com/profile/02749940044190568834noreply@blogger.comtag:blogger.com,1999:blog-5736378642004875114.post-50646114012789381232008-09-22T20:10:00.000-05:002008-09-22T20:10:00.000-05:00What a great post. I think everyone played a part ...What a great post. I think everyone played a part in this fiasco. Humans are greedy by nature. I gave you an award. You can check it out over on my sewing blog! You do read my sewing blog don't you? LOLAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5736378642004875114.post-41927497842582635512008-09-21T21:26:00.000-05:002008-09-21T21:26:00.000-05:00Thanks, Sara. Here's the problem with the Saints -...Thanks, Sara. Here's the problem with the Saints -- it's really hard to root against them.<BR/><BR/>That team's home city -- as you well know -- was nearly wiped off the map three years ago and was in danger again this year. One can't help but pull for the Saints at least a little bit. Hey, I'm a Broncos fan to the core, but I just can't work up much enthusiasm against the Saints.<BR/><BR/>Here is something to encourage you, however. The team looked awfully good on Sunday and got very close to winning after being down by 18 points. The offense for the Saints is certainly there and the defense looked great against the highest-scoring team in the NFL today.HawgWyldhttps://www.blogger.com/profile/02749940044190568834noreply@blogger.comtag:blogger.com,1999:blog-5736378642004875114.post-12175146778378322402008-09-21T21:13:00.000-05:002008-09-21T21:13:00.000-05:00Congrats on the Broncos win. As a Saints fan, it ...Congrats on the Broncos win. As a Saints fan, it was painful.Sarahttps://www.blogger.com/profile/02919572299266803705noreply@blogger.comtag:blogger.com,1999:blog-5736378642004875114.post-18515157707424185622008-09-21T16:50:00.000-05:002008-09-21T16:50:00.000-05:00Roger:I'm not sure how the insurance angle really ...Roger:<BR/><BR/>I'm not sure how the insurance angle really works in here at all. I'd have to take a look at that.<BR/><BR/>One thing that is very true is that private mortgage insurance is a big deal -- if you put less than 20 percent down, you often to buy an insurance policy guaranteeing payments on the loan. Obviously, those are ony good for so much...<BR/><BR/>Of course, thanks for the kind words! Send 'em right on over...HawgWyldhttps://www.blogger.com/profile/02749940044190568834noreply@blogger.comtag:blogger.com,1999:blog-5736378642004875114.post-87775919826140570982008-09-21T14:57:00.000-05:002008-09-21T14:57:00.000-05:00Good info/post. I've been wondering how to write a...Good info/post. I've been wondering how to write about this but I guess there's no sense in re-inventing the wheel. I'll just point folks this way.<BR/>Sadly, it seems both candidates have some of these same guys giving them advice on economics. I've also heard from some that another factor in the mess was allowing insurance companies to get into the banking business and visa-versa. There used to be a clear division.Roger DJhttps://www.blogger.com/profile/00930013603191210551noreply@blogger.comtag:blogger.com,1999:blog-5736378642004875114.post-52402678387679270072008-09-21T11:53:00.000-05:002008-09-21T11:53:00.000-05:00Da Old Man:Exactly! You'd better believe that lobb...Da Old Man:<BR/><BR/>Exactly! You'd better believe that lobbyists for mortgage lenders were paying fat cash to get rid of usury laws, make riskier mortgage packages available and etc. And let's not forget that shareholders will go ga-ga over virtually anything new that promises a lot of short-term profits.<BR/><BR/>Again, banks were a major component in all of this. But certainly not the only one (heck, maybe not even the biggest one) that led us to where we are right now.HawgWyldhttps://www.blogger.com/profile/02749940044190568834noreply@blogger.comtag:blogger.com,1999:blog-5736378642004875114.post-52140856516809093312008-09-21T11:32:00.000-05:002008-09-21T11:32:00.000-05:00I'm with the government is mostly at fault also cr...I'm with the government is mostly at fault also crowd. Banking is highly regulated, they can't do much without approval. They get this by bribery--I mean PACs and various contributions to political parties.Da Old Manhttps://www.blogger.com/profile/02529514518271981093noreply@blogger.comtag:blogger.com,1999:blog-5736378642004875114.post-54519301283006948482008-09-21T08:40:00.000-05:002008-09-21T08:40:00.000-05:00Good points, but I tend to put banks and the gover...Good points, but I tend to put banks and the government on the same plane when we're assigning blame. Why? The banks rallied hard to get rid of usury laws in this state and other ones. And banks advertised hard in an attempt to sell subprime loans to anyone who would buy them.<BR/><BR/>Of course, the lefties in Congress got the ball rolling and then that idiot Bush went and authorized the subprime loans that got us here. And, yes, idiot Bush -- I'm a Reaganite and know full well how the Gipper would hare reacted to such a horrid proposal.<BR/><BR/>But, I don't think trying to figure out who shares most of the blame matters that much right now. There's a lesson here -- <I>when the government steps in and meddles with the free market too much, bad things happen</I>.<BR/><BR/>I know you and I agree on that point, and that is the important one!HawgWyldhttps://www.blogger.com/profile/02749940044190568834noreply@blogger.comtag:blogger.com,1999:blog-5736378642004875114.post-83927308720749782432008-09-21T07:46:00.000-05:002008-09-21T07:46:00.000-05:00Great information, Hawg! I have one teeny disagre...Great information, Hawg! I have one teeny disagreement with you, though. I think the government is 100% responsible for the mess. Before this disgusting law was passed, banks were not about to lend to people they knew couldn't pay it back - socialists in our government stuck their noses under the tent, compelled banks to make horrid loans, and here we are today. I blame LEFTIST LEGISLATORS FIRST AND FOREMOST. Yes, I love President Bush because of his honesty and tenaciousness, but he should have vetoed every socialist bill that crossed his desk. He obviously did not. To his credit however, he did attempt to get more oversight on the financial world and Congress laughed at him, or rather, sneered at him. Nevertheless, I put blame on government first, customers who knew they couldn't repay the loan second, and the banks only third.Anonymousnoreply@blogger.com