01-28-2009, 05:22 PM
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Banned
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Join Date: Nov 2003
Location: Middle Of Nowhere,
USA
Cobra Make, Engine: ERA 428 FE 4-speed CR "TL" heavy spline
Posts: 3,907
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Not Ranked
Cobra bill - there is something, perhaps a lot of things, that you don't seem to understand - the companies involved have found themselves in a mess as an outcome of the real estate disaster. That disaster was caused by our government, specifically the Democrat party through Freddie and Fannie, along with pressure through regulators on banks to lend to unqualified people through the CRA. A huge number of loans were made, trillions of dollars but now the chickens have come home to roast and they are huge, mad chickens including yourself and every poster here that works or has worked for a living and done the right thing in their financial world.
In others words our government opened the flood gate and thousands of developers and mortgage brokers took full advantage over a 10 year period. It starts in the Clinton administration and Bush could not manage to put a stop to it - he tried, the Republicans in Congress tried and failed - the Democrats simply had more votes and now the Democrats have even more votes - we are screwed and will be screwed repeatedly for 4 to 8 years.
So, Cobra Bill just bend over...........you going to get what you've been asking for, some BO lovin'.
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