Trump Trivia

And I'm an idealist, I know that. Also if you are asking everyone who signs a mortgage application to understand what they're signing you're eliminating 95% of the population from home ownership.
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While I agree in principal, the entire subprime mortgage fiasco wasn't just caused by people who knew what they were signing and signed anyways. It also consisted of desperate people who couldn't afford their conventional mortgages when they lost their jobs, and with no income qualification, took out larger sums to pay a 0% introductory rate mortgage. Those folks had NOWHERE to turn, so rather than foreclose paid these outrageous closing costs and refinanced for higher principal, thanks to inflated home value estimates. They used some of the extra cash that came their way to pay their mortgage. The cycle repeated until the crash. This isn't just people gaming the system who claimed they were innocent victims. These were people with nowhere else to turn and knew they were getting preyed upon, but it was better than the bank foreclosing and them being out on the street. I know people in that exact situation.
 
Don't think for a second that Trump is as stupid, abrasive, and simple minded as his rallies would suggest. Giant act designed to establish a base. I read an article that the campaigning Trump speaks at a 4th grade reading level. When Cruz (Princeton grad) started, he was speaking at 10th or 11th reading level. Candidates have taken notice, and now he's speaking at 6th grade level.

I'm not saying he's the answer he proclaims himself to be, but I also don't think he will be stealing White House China (as the Clintons did) or lining his pockets with million dollar speeches as you know who does. There will be no Trump foundation that he will dip into for his own pleasure, nor any of the other litany of despicable things Hillary and Bill have done. Just for fun, Trump will debate about those in great detail. Vince Foster anyone?

Speaking of despicable, of all the really outrageous things Trump has said, I don't remember a single one being aimed at African Americans. Is it very curious that Moveon.org hired African American thugs reminiscent of union busters at the turn of the century to get into fist fights with the mostly white Trump crowd? Of course not! It is designed to stir the race pot to get black voters out in force to vote for Hillary. So far everything everyone has tried on Trump has blown up. I'll give you this, using a play from the Clinton handbook, Trump is resilient as hell. Nothing anyone tries to throw on him seems to hurt him. He lets it just roll off him, but after unleashing a furious torrent of insults onto his accusers and opponents.

I'll take my chances that Trump will be an inept President. After all, we've have one in Washington now, and as in 2008, political experience counts little. In that regard, I'll take a self made billionaire over a community organizer any day.
 
And I'm an idealist, I know that. Also if you are asking everyone who signs a mortgage application to understand what they're signing you're eliminating 95% of the population from home ownership.
Click to expand...

While I agree in principal, the entire subprime mortgage fiasco wasn't just caused by people who knew what they were signing and signed anyways. It also consisted of desperate people who couldn't afford their conventional mortgages when they lost their jobs, and with no income qualification, took out larger sums to pay a 0% introductory rate mortgage. Those folks had NOWHERE to turn, so rather than foreclose paid these outrageous closing costs and refinanced for higher principal, thanks to inflated home value estimates. They used some of the extra cash that came their way to pay their mortgage. The cycle repeated until the crash. This isn't just people gaming the system who claimed they were innocent victims. These were people with nowhere else to turn and knew they were getting preyed upon, but it was better than the bank foreclosing and them being out on the street. I know people in that exact situation.
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Yeah but not really. The housing bubble began to burst in the beginning of 2007 after weakness in 5 & 6. The unemployment rate didn't get above 5% until January 2008. By that point it was a done deal. The housing bubble begat the recession, not the other way around.
 
And I'm an idealist, I know that. Also if you are asking everyone who signs a mortgage application to understand what they're signing you're eliminating 95% of the population from home ownership.
Click to expand...

While I agree in principal, the entire subprime mortgage fiasco wasn't just caused by people who knew what they were signing and signed anyways. It also consisted of desperate people who couldn't afford their conventional mortgages when they lost their jobs, and with no income qualification, took out larger sums to pay a 0% introductory rate mortgage. Those folks had NOWHERE to turn, so rather than foreclose paid these outrageous closing costs and refinanced for higher principal, thanks to inflated home value estimates. They used some of the extra cash that came their way to pay their mortgage. The cycle repeated until the crash. This isn't just people gaming the system who claimed they were innocent victims. These were people with nowhere else to turn and knew they were getting preyed upon, but it was better than the bank foreclosing and them being out on the street. I know people in that exact situation.
Click to expand...

Yeah but not really. The housing bubble began to burst in the beginning of 2007 after weakness in 5 & 6. The unemployment rate didn't get above 5% until January 2008. By that point it was a done deal. The housing bubble begat the recession, not the other way around.
Click to expand...

No doubt, but many who turned to subprime mortgages were not just the first time home buyers. Legislation passed in 2005, and the number of subprime mortgages proliferated up to the crash.
 
I can just picture him, as a young boy, sitting in the Sunnyside Garden Arena cheering for notorious rule breaker Nature Boy Buddy Rogers..
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The thought of Trumpty dumpty watching wrestling at what is now my late night drunk food spot (wendy's dollar menu for life) is oddly amusing to me. Was never really a fan of his when I worked on Apprentice and he hasn't won me over since.
 
I decided to watch what I say about Trump. I don't want to wind up in one of his internment camps.
 
I decided to watch what I say about Trump. I don't want to wind up in one of his internment camps.
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you are invited to our next trump rally at Zum Stammtisch :)
 
Sorry, but you are more likely to end up in a camp with the current administration, but I guess you only listen to what you wanna hear from the mainstream media....but I'm convinced people only wanna hear what they believe and not be objective.
 
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