re: #600 iceweasel

Really scary isn’t it? That NYT article talks about how the loan officer pushed them to take out a bigger mortgage and get an even bigger house than the one they’d been looking at. Those people didn’t care what happened once they got their cut.

I personally would be happy living in a van by the river with my own true love, but that’s me…

I don’t understand it. People paying $2500 a month for a regular old house.

It was a combined effort and the whole blame game serves no purpose in the end. I’m reading some old comments from Rush Limbaugh and he falls into an ideological trap of his own making. Blame the Democrats. He even went so far as to blame Obama and this was in 2008. As far as I know Obama hadn’t done much of anything regarding mortgages. This is odd because they were always saying that Obama did nothing. Suddenly he did something and it was with mortgages?

But Republicans signed on to the same Freddie Mac and Fannie Mae schemes. They too were a part of the subprime lending just like everyone else. It’s origins were with Carter but it also survived through 8 years of Reagan, 4 years of Bush I, and 8 years of Bush II. Didn’t see any executive orders during that time which totals 20 years. That doesn’t even include the Republican majorities in congress during this time.

Of course that’s politics. The Democrats blame the Republicans and vice versa. The Democrats had their hand in this but so did the Republicans — they both have their hands in the cookie jar.

A lot of what is supposed to be facts or history turns into a public relations campaign. That’s what politics is: advertising with a good dose of selective memories and reasoning.