Is being a NeoCon an excuse for getting a variable rate Sub Prime mortgage???

Question

The statistics are in most Sub Primers, were Republicans that Belived in the prosperity doctern. They thought they would be able to afford the higher rate. Because the Bush economy was so good. Should the GOP bail them out???

Or apologize and ask for more money for Mitt.

Zardoz

That should establish which voting block were tricked into the Sub Prime racket.

Bush has never once so much as lifted a finger to help a democrat.

I can't find the part of the question that says Banks ask your voting record before OKing a loan.

It is a Philosophical Do you believe the Economy is doing good then you will be able to aford a couple points higher.

Answer 1

I notice Bush bailed them out from their unsound debts. Why does our government come riding to the rescue of house flippers? They sure don't do that for working people.

Answer 2

How can anyone know how people who took a particular kind of mortgage vote? Are you assuming only Republicans buy houses?

The reality is Bush should not be doing this. No real Conservative would. He is wrong on this. This is the Liberal way to deal with the problem not the Conservative way.

Funny, the more Liberal Bush acts (over spending on domestic programs etc.) the more Liberals bash him.
Bush is now and always has been a Moderate, not a Conservative.



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Answer 3

Would love to see a link, (Other than a Left wing site) with this data..... you should also know that Edwards is heavily invested in the Sub Prime Market....

http://online.wsj.com/article/SB118728685546999884.html

The Wall Street Journal has identified 34 New Orleans homes whose owners have faced foreclosure suits from subprime-lending units of Fortress Investment Group LLC. Mr. Edwards has about $16 million invested in Fortress funds, according to a campaign aide who confirmed a more general Federal Election Commission report. Mr. Edwards worked for Fortress, a publicly held private-equity fund, from late 2005 through ...

Answer 4

Interesting that you come to that conclusion because I know of no study that breaks these people into political parties. Whoever bought homes that they cannot afford with variable rate mortgages that they knew could explode should suffer the consequences of their stupidity regardless of political affiliation. Americans are too accustomed to buying, buying and buying when they cannot afford things and that includes me. We are in a credit "crisis" not because of mortgage companies or credit card companies but because of our own spending habits.

Answer 5

I question your numbers..but I feel a bad decision by an individual to make a purchase based on how much they MIGHT be earning in the future is still a bad decision and that person owns it. Where on the contract did they have to check their political affiliation?

Answer 6

Bush gets blamed for each thing. And Obama under no circumstances accepts the reality that there is the possibility that he screwed up! God forbid, he would desire to under no circumstances admit to something like that. McCain 08

Answer 7

Political affilations are irrelevant other then the stupid idea to bail people and banks out of stupid decisions. Federal gov't should keep their noses out of this fiasco.Banks get what they deserve for being greedy and borrowers get theirs for being stupid .

Answer 8

Source?

I don't remember anybody asking my political affiliation when I applied for my loan...

And yes, I was smart enough to lock in my rate despite them dangling a lower variable rate in front of my nose.

Answer 9

Neocons have already refinanced to a fixed rate.

It's the liberals that were trying to flip houses that are whining about how mean the people who lent them money are.

Answer 10

Where are your facts. I just do not believe you that sub mortgages mostly went to NeoCons.