Article claims President Obama was a pioneering contributor to the real estate bubble

[SLP]

Interesting article. I doubt it gets much traction in the national press.


http://dailycaller.com/2012/09/03/wi...can-americans/

[kydonky]

That is about as far fetched as you get. The housing bubble popped before the 2008 great resession. Obama did not even take office till Jan 09. The housing crash is what triggered the financial meltdown....all of the sour mortgage loans on the books. Obama was not even a partner in the Law firm mentioned. The loans that were bad were in all 50 states, not just IL. You give one Lawyer too much credit.

This garbage really stinks.......May as well blame Obama for Hurricane Issac ...better yet Katrina!!!!

If you want to pick on Obama pick on something that is fact.

I will give you one policy he supported that I do not support. In the Affordable Health Care Act he supports health coverage for preexisting conditions. I do not think this is actuarialy sound. I do support many of the other aspects of the bill though.

So no one agrees 100%. You can dislike him and disagree with him but passing along Bull Dung is not a convincing argument.

[SLP]

LOL, It is a six page article, but it is clear you didn't even bother to read the first paragraph. Your reply doesn't even remotely address the point of the article.

[TimE]

LOL, It is a six page article, but it is clear you didn't even bother to read the first paragraph. Your reply doesn't even remotely address the point of the article.

Come on Slp, you shouldn't use downriggers on some species lmao!

[kygorski]

Some how I'm getting the impression, you can't believe all you read on the internet.Please, there is a santa isn't there?

[Aquaman]

May as well blame Obama for Hurricane Issac ...better yet Katrina!!!!

You can't blame Katrina on Obama that one was already put on Bush and his evil weather making machine used to kill all the poor democrats in New Orleans that didn't have the means to get out of the city when they were warned a week a head of time. Racists democrat hating meanie! Ha Ha Ha sorry i couldn't help it.

you have to be a joking. You can ask any american with a brain dem or rep and they will tell you the dems are the most mud slinging, slandering group of politicians our there. Case in Point

Romney's guest speaker... the great Clint Eastwood

Obama's guest speaker.... two disgruntled Bain Capital employees that were let go years after Romney left the company.

That is all the dems have is mud slinging and bringin up useless things about Romney and Ryans past that mean absolutely nothing. All to divert the the attention away from the FACT that your guy isn't fit to run a dog kennel much less a country. It obvious to anyone that wants to know whats going on instead of just closing their eyes and holding out their hands. If the man was white he would have been impeached a long time ago and I hope the man is thrown in jail the minute he is kicked out of the white house. Open your eyes and quit supporting this American Tradgedy that is our president

[kydonky]

LOL, It is a six page article, but it is clear you didn't even bother to read the first paragraph. Your reply doesn't even remotely address the point of the article.

You really don't have to read beyond the first page of that garbage to smell it as garbage. The BIG giveaway is that the mortgage crash was wide spread across the country with Florida and Nevada being the top problem areas. Chicago/Ill. Had their share but were no where near the top. So the few loans that were made based on revese redlining had very little or not impact on the great housing bubble crash.

If that were the case the only forclosures would have been in impovrished areas. But this housing crash has affected properties in the highest price range.

This housing crash was not a result of a lawsuit in Chicago but was caused by Mortgage brokers making bad decisions(loans) for the fees they collected and selling these loans as securities.

To blame this on Obama will not help the crisis or insure it does not repeat.

[RoadToad]

The article calls him a pioneering contributor to the problem, not the only one. If you read it with an open mind, it makes a whole lot of sense.