Yeah, the people who took loans without fully disclosing their income and capabilities are totally innocent? I am sorry, I do not buy such garbage arguments. Many banks including the big, Lehman had to go under the water. It takes two to tango. It matters very little who got commissions and who did not. If I can't afford to buy a house, I would not borrow the money, period! Mortgage brokers were not forcing anybody as far as I know. If I remember correctly, many of these scoundrels were even shamelessly asking for free houses because US government were bailing out the big banks. If government had not bailed out the big banks, we would have been in a deep doo doo. I could careless what people think about my position about bailout but I was for bank bailout than delivering free houses to these congenital defaulters. I am glad that the banks were significantly strengthened and government tightened their lending and trading policies.
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Posted by: Shah Deeldar <shahdeeldar@yahoo.com>
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Mukto Mona plans for a Grand Darwin Day Celebration:
Call For Articles:
http://mukto-mona.com/wordpress/?p=68
http://mukto-mona.com/banga_blog/?p=585
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VISIT MUKTO-MONA WEB-SITE : http://www.mukto-mona.com/
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"I disapprove of what you say, but I will defend to the death your right to say it".
-Beatrice Hall [pseudonym: S.G. Tallentyre], 190
On Monday, January 18, 2016 10:07 AM, "Sukhamaya Bain subain1@yahoo.com [mukto-mona]" <mukto-mona@yahoogroups.com> wrote:
Reckless government policy for a house for all citizens, really? How about reckless lending practice by corrupt banks and loan officers? Do you know that loan officers make money from commissions that are based upon the loan amount? If the loan officer lends money without caring about the borrower's capacity to pay back, what would you call that? I would call that corrupt lending practice, where the loan officer makes his money knowing that the borrower could be in default. I do not see anything liberal there. I see corruption, for which the loan officer should be seriously prosecuted.
Sukhamaya Bain
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On Sunday, January 17, 2016 7:36 PM, "Shah Deeldar shahdeeldar@yahoo.com [mukto-mona]" <mukto-mona@yahoogroups.com> wrote:
Call whatever you wish. However, the initial beneficiaries were poor hapless people, who never should have been allowed to own houses that they could not afford. It was a reckless government policy for a grand liberal cause. House for all citizen!?
On Jan 15, 2016, at 5:12 AM, Jiten Roy jnrsr53@yahoo.com [mukto-mona] <mukto-mona@yahoogroups.com> wrote:
On Saturday, January 16, 2016 6:11 PM, "Sukhamaya Bain subain1@yahoo.com [mukto-mona]" <mukto-mona@yahoogroups.com> wrote:
I would not call it liberal lending; I would reckless, irresponsible and possibly corrupt lending. As you also said, it was not a liberal vs conservative issue.
On Saturday, January 16, 2016 11:03 AM, "Shah Deeldar shahdeeldar@yahoo.com [mukto-mona]" <mukto-mona@yahoogroups.com> wrote:
As far as we know, the last housing bubble of 2008 was mainly caused by reckless liberal lending. People with no credit history got housing loans. People who could not afford to buy house, got their dream house. I do not think this is a liberal vs conservative issue. Human greed and corruption what cause crisis..
On Friday, January 15, 2016 6:21 PM, "Kamal Das kamalctgu@gmail.com [mukto-mona]" <mukto-mona@yahoogroups.com> wrote:
All economic crises in the recent history was the product of conservative policies. I hope, I don't need to say more.
Sent from my iPad
Sent from my iPad
On Jan 15, 2016, at 5:12 AM, Jiten Roy jnrsr53@yahoo.com [mukto-mona] <mukto-mona@yahoogroups.com> wrote:
United States of America, being a capitalist nation, requires conservative principles to flourish. Unfortunately, one of the two political parties follows socialist principles. That's why, conservative presidents have to be always retrogressive to undo whatever done by the liberal presidents prior to them. That's how checks and balances are maintained in the USA, and it's the best system among the worst on earth.Jiten Roy
From: "Kamal Das kamalctgu@gmail.com [mukto-mona]" <mukto-mona@yahoogroups.com>
To: mukto-mona@yahoogroups.com
Sent: Thursday, January 14, 2016 1:57 AM
Subject: Re: [mukto-mona] Re: Germany on the Brink
In reality, conservatism is a mental disorder. Conservatives are always back footed like ghosts. No progress in society has ever been brought about by them. All one needs is to look at the character of conservatives across history to understand how retrogressive they are. In recent history, they include people like Nixon, Regan, and Trump.On Mon, Jan 11, 2016 at 8:31 AM, Jiten Roy jnrsr53@yahoo.com [mukto-mona] <mukto-mona@yahoogroups.com> wrote:Angela Merkel, being a liberal, will risk the future of Germany to defend her PC culture. I think - Michael Savage's phrase: "Liberalism is a Mental Disorder" expresses the context perfectly.I saw yesterday, the Mayor of Philadelphia said that the shooting of the police officer there has nothing to do with Islam, but the shooter was admitted that he did it in the name of Islam. What do you think going on in the USA?When I heard the Mayor yesterday - it reminded me of the "Baghdad Bob" on Iraqi state-TV just prior to Iraq-invasion. He was calming down Iraqi citizens' fear and apprehension by saying that: there is no American soldiers anywhere in Iraq, while we were watching hundreds of American tanks were rolling through the Iraqi airport road.Now, the leaderships of the whole world have become Baghdad Bobs, and no one is telling the truth to the citizens of the world.Jiten Roy
From: "Sukhamaya Bain subain1@yahoo.com [mukto-mona]" <mukto-mona@yahoogroups.com>
To: mukto-mona@yahoogroups.com
Sent: Sunday, January 10, 2016 5:40 PM
Subject: [mukto-mona] Re: Germany on the Brink
Sorry for the wrong link that I sent a few minutes back. The above is the correct link; and again, I think it is a common sense commentary. I agree with Ross Douthat that Angela Merkel needs to go for the future of peace in Germany.SuBain
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Posted by: Shah Deeldar <shahdeeldar@yahoo.com>
****************************************************
Mukto Mona plans for a Grand Darwin Day Celebration:
Call For Articles:
http://mukto-mona.com/wordpress/?p=68
http://mukto-mona.com/banga_blog/?p=585
****************************************************
VISIT MUKTO-MONA WEB-SITE : http://www.mukto-mona.com/
****************************************************
"I disapprove of what you say, but I will defend to the death your right to say it".
-Beatrice Hall [pseudonym: S.G. Tallentyre], 190
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