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The Blame Game and the Subprime Mortgage Lending Meltdown

National News • August 22, 2007
The subprime mortgage lending blame game is in full swing — with people arguing about who's at fault for mortgage defaults, bond losses and lender failures — but "we're only in the very top of the ...

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Subject: RE: RE: RE: RE: RE: RE: RE: RE: re:sad but true

Posted On: August 23, 2007, 10:35 am CDT
Posted By: GB
Comment:
I think services need to be provided to society and infrastructure needs to be maintained. For example there is a bridge in Minnesota that needs replacing. That bridge is important to people in that town, and a bigger area, but its not important to me ( I live in Boston )so if I had the choice, I would choose not to pay for that bridge. But I know it needs to be replaced and someday a bridge near me will need to be replaced and those people in Minnesota will help pay for the bridge that I value.

Your example of the mandatory home improvement company is a good one, but in order for that to happen, enough people would have to implement that plan. If everyone wanted it that way, it would be that way. If most people don't want it that way, you couldn't implement it. I think most people agree that a police and fire department are necessary, a public school is a good thing to have, higway sigs and traffic signals are beneficial, etc.

I find it odd that you have the viewpoint that you do since you work in insurance. The whole theory of insurance is that if you get everyone to pay for it, it's beneficial. You may not need insurance this year, but you pay for it. Some guy in Florida might get his house blown away and he gets a new $200k house for $1500 bucks a year.....it works over a long enough time frame and a big enough sample of people....just like the public services provided by our government. I think our government is rife with problems ( ineptitude, dishonesty, etc ) but until I hear a better idea, I am willing to accept the current system and strive for improvements rather than abolishing the system and hoping for peace out of the enusing anarchy.
Subject Posted By Posted On
Sub Prime Mortgage Failures Shrinivas Shikhare
Aug 28, 2007, 12:27 am
RE: RE: RE: media mogul - Our phony economy Mark
Aug 27, 2007, 3:56 pm
RE: RE: RE: RE: RE: media mogul - Our phony economy Shield
Aug 27, 2007, 3:41 pm
RE: RE: RE: RE: media mogul - Our phony economy GB
Aug 27, 2007, 3:33 pm
RE: RE: RE: media mogul - Our phony economy Shield
Aug 27, 2007, 3:29 pm
RE: RE: media mogul - Our phony economy GB
Aug 27, 2007, 3:24 pm
RE: media mogul - Our phony economy Mark
Aug 27, 2007, 3:21 pm
RE: RE: GREAT NEWS EVERYBODY!!!! High & Mighty
Aug 24, 2007, 10:20 am
RE: re;compman Compman
Aug 23, 2007, 3:27 pm
Scary comments today Sad but True
Aug 23, 2007, 3:26 pm
re;compman concerned agent
Aug 23, 2007, 3:09 pm
RE: RE: RE: RE: re:sad but true Shield
Aug 23, 2007, 2:21 pm
RE: GREAT NEWS EVERYBODY!!!! Compman
Aug 23, 2007, 1:43 pm
GREAT NEWS EVERYBODY!!!! Gill Fin
Aug 23, 2007, 1:30 pm
re: gimme shelter concerned agent
Aug 23, 2007, 10:41 am
RE: RE: RE: RE: RE: RE: RE: RE: re:sad but true GB
Aug 23, 2007, 10:35 am
Media Mogul Feed Up with Politics
Aug 23, 2007, 10:32 am
RE: RE: RE: RE: RE: RE: RE: re:sad but true gimme shelter
Aug 23, 2007, 10:19 am
RE: RE: RE: RE: RE: RE: re:sad but true GB
Aug 23, 2007, 9:20 am
RE: RE: RE: RE: RE: re:sad but true gimme shelter
Aug 23, 2007, 9:16 am
RE: RE: RE: RE: re:sad but true GB
Aug 23, 2007, 8:46 am
RE: RE: RE: re:sad but true gimme shelter
Aug 23, 2007, 8:24 am
RE: RE: re:sad but true GB
Aug 23, 2007, 8:14 am
RE: re:sad but true gimme shelter
Aug 23, 2007, 8:03 am
RE: re:sad but true Dodger
Aug 22, 2007, 9:14 pm
RE: re:sad but true underwriter
Aug 22, 2007, 6:06 pm
re:sad but true concerned agent
Aug 22, 2007, 6:03 pm
re:sad but true concerned agent
Aug 22, 2007, 5:27 pm
RE: RE: Not my fault LLH
Aug 22, 2007, 5:20 pm
RE: Not my fault Sad but True
Aug 22, 2007, 5:07 pm
RE: Not my fault HD
Aug 22, 2007, 4:49 pm
RE: Not my fault Compman
Aug 22, 2007, 4:18 pm
RE: Not my fault underwriter
Aug 22, 2007, 4:17 pm
RE: Not my fault Master of Reality
Aug 22, 2007, 4:17 pm
Not my fault Sad but true
Aug 22, 2007, 3:58 pm
RE: MEDIA MOGUL concerned agent
Aug 22, 2007, 3:43 pm
Re: media mogul concerned agent
Aug 22, 2007, 2:54 pm
RE: RE: RE: RE: RE: Our phony economy A. RIGHT-THE SAGA CONTINUES
Aug 22, 2007, 2:54 pm
RE: RE: RE: RE: Our phony economy GB
Aug 22, 2007, 2:38 pm
RE: RE: RE: Our phony economy ALWAYS RIGHT PART II
Aug 22, 2007, 2:29 pm
RE: RE: Our phony economy GB
Aug 22, 2007, 2:21 pm
RE: Our phony economy ALWAYS RIGHT
Aug 22, 2007, 2:16 pm
Our phony economy media mogul
Aug 22, 2007, 1:57 pm
correction GB
Aug 22, 2007, 1:54 pm
RE: Final comment GB
Aug 22, 2007, 1:53 pm
Final comment Homeowner
Aug 22, 2007, 1:40 pm
Homeowner Compman
Aug 22, 2007, 1:37 pm
RE: RE: stupid people DWT
Aug 22, 2007, 1:34 pm
RE: Sub Prime Mortgage Failures dwt
Aug 22, 2007, 1:31 pm
RE: stupid people Greedy
Aug 22, 2007, 1:27 pm
Professionals Homeowner
Aug 22, 2007, 1:24 pm
Sub Prime Mortgage Failures Mr Truth
Aug 22, 2007, 1:23 pm
RE: Mortgages DWT
Aug 22, 2007, 1:23 pm
RE: Mortgages Compman
Aug 22, 2007, 1:22 pm
RE: Mortgages Drewboy
Aug 22, 2007, 1:20 pm
Mortgages Homeowner
Aug 22, 2007, 1:09 pm
This is America Patriot
Aug 22, 2007, 1:06 pm
Related Story Homeowner
Aug 22, 2007, 1:04 pm
You are so right.... another guy named Rick
Aug 22, 2007, 12:00 pm
It's everyone's fault GB
Aug 22, 2007, 7:51 am
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