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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (585175)	9/12/2010 8:12:00 PM
From: i-node	2 Recommendations Read Replies (1) \| Respond to of 1572987

>> Then why were most of the bad loans written after 2001? I really have no statistics to support your claim. However, reasons are totally apparent. Bush inherited a horrific economy, compounded by the economic impact of 9/11. Yet, because of his excellent management of the situation, unemployment didn't get out of control. Not until an ordinary economic cycle brought us into a recession did the impact of the bad loans become an issue. I don't THINK this is too complicated for you, but bad realty loans are seldom a problem until there is an economic downturn that causes (a) people to not be able to make payments and (b) lenders to foreclose on collateral. In addition, after the CRA regs were revised, it surely took a significant period of years for those loans to become a substantial portion of those outstanding -- a large enough proportion to influence realty pricing after some began to collapse. So, there just isn't any way you would have seen these consequences until we actually did. That you asked this question just reeks of ignorance of the subject matter.

To: combjelly who wrote (585175)	9/13/2010 8:39:44 PM
From: jlallen	1 Recommendation Respond to of 1572987

Dumbfukk II, in a rising market most of the pre 2001 loans would have been paid off or refinanced... You are SUCH a moron.

To: combjelly who wrote (585175)	9/14/2010 8:17:00 PM
From: TimF	1 Recommendation Read Replies (1) \| Respond to of 1572987

Then why were most of the bad loans written after 2001? You provide nothing to show that this is true, but it would make sense as the quality of loans would start to go down as you get a greater expectation of houses prices going up, and that expectation would increase after you get an actual rise in house prices, and most of the run up of house prices happened after 2001. Also the loans made before 2001 would likely have been refinanced before they became obviously bad.