Topic: Just discovered Romeny family grew up on WELFARE! USA Gov Welfare!
Anonymous A started this discussion 14 years ago #22,298
http://www.npr.org/blogs/itsallpolitics/2012/09/19/161409916/welfare-wasnt-always-a-dirty-word-in-the-romney-familyCnn has the Video of his mother saying
"LENORE ROMNEY: "You know we've only owned our home for the last four years. He was a refugee from Mexico. He was on relief, welfare relief for the first years of his life. But this great country gave him opportunities.
"The family was poor. He said they lived for a year on nothing but potatoes. He's known what it is to have to work for every dime he's had since he was 12."
The Video was removed from Youtube minutes ago. I am sure you will see this on the news lol.
Anonymous B joined in and replied with this 14 years ago, 4 minutes later[^] [v] #351,043
If Americans really care about trivial shit like this it's no wonder your country is in such a fucking mess.
Anonymous A (OP) replied with this 14 years ago, 1 minute later, 5 minutes after the original post[^] [v] #351,044
@previous (B)
Please tell me you are not one of the Euro countries falling apart or forced to bail out all the others?
Please tell me you are not one of the Euro countries falling apart or forced to bail out all the others?
Anonymous C joined in and replied with this 14 years ago, 4 minutes later, 10 minutes after the original post[^] [v] #351,045
Anonymous B replied with this 14 years ago, 2 minutes later, 13 minutes after the original post[^] [v] #351,047
@351,044 (A)
Are you mocking other countries because their economies were fucked up single-handedly by the United States of America and its irresponsible lending? That's kind of typical of you fucking idiots - you're too shortsighted (or dumb) to understand the state of the European economy is a backlash of the USA's mistakes, specifically selling bad mortgages to worldwide investors.
Are you mocking other countries because their economies were fucked up single-handedly by the United States of America and its irresponsible lending? That's kind of typical of you fucking idiots - you're too shortsighted (or dumb) to understand the state of the European economy is a backlash of the USA's mistakes, specifically selling bad mortgages to worldwide investors.
Anonymous C replied with this 14 years ago, 3 minutes later, 16 minutes after the original post[^] [v] #351,049
@previous (B)
Dude Europe sucks because Euro sucks. The idea was economically flawed from day one. It's the plain and simple truth. There's no need to be so butthurt about it.
Dude Europe sucks because Euro sucks. The idea was economically flawed from day one. It's the plain and simple truth. There's no need to be so butthurt about it.
Anonymous A (OP) replied with this 14 years ago, 5 minutes later, 22 minutes after the original post[^] [v] #351,050
@351,047 (B)
I was about to edit my reply to Anon B.
With world economies intertwined of course when WE Fuck up the rest of the world Upchucks as well.
On the other hand Greece & Italy where not paying income tax is a sign of how people think it should be or Spain falling apart. You cannot blame USA on Greece going to shit.
I was about to edit my reply to Anon B.
With world economies intertwined of course when WE Fuck up the rest of the world Upchucks as well.
On the other hand Greece & Italy where not paying income tax is a sign of how people think it should be or Spain falling apart. You cannot blame USA on Greece going to shit.
Anonymous B replied with this 14 years ago, 1 minute later, 23 minutes after the original post[^] [v] #351,051
Anonymous A (OP) replied with this 14 years ago, 10 minutes later, 34 minutes after the original post[^] [v] #351,054
@previous (B)
Of course you did but looooooooong before USA blew up economy wise Greece was in deep doo doo.
http://www.guardian.co.uk/business/economics-blog/2012/may/18/who-blame-greece-crisis
Of course you did but looooooooong before USA blew up economy wise Greece was in deep doo doo.
http://www.guardian.co.uk/business/economics-blog/2012/may/18/who-blame-greece-crisis
Anonymous D joined in and replied with this 14 years ago, 37 minutes later, 1 hour after the original post[^] [v] #351,056
The Romney family is quite unique in its success in spite of starting out as a Mexican family that lived on welfare.
(Edited 20 seconds later.)
Anonymous E joined in and replied with this 14 years ago, 40 minutes later, 1 hour after the original post[^] [v] #351,079
squeegee !firstkPE1Q joined in and replied with this 14 years ago, 1 hour later, 3 hours after the original post[^] [v] #351,127
@351,047 (B)
lol, no. just because they were lending doesn't mean you're supposed to over extend. all those bad mortgages came from people who couldn't support that level of committed spending. people who took out stupid loans still took out stupid loans. yes the loans were given to them, and that was stupid. but there are actors on both sides. so what really happened is that americans proved to be stupid, and our banking system proved to be taking advantage.
lol, no. just because they were lending doesn't mean you're supposed to over extend. all those bad mortgages came from people who couldn't support that level of committed spending. people who took out stupid loans still took out stupid loans. yes the loans were given to them, and that was stupid. but there are actors on both sides. so what really happened is that americans proved to be stupid, and our banking system proved to be taking advantage.
(Edited 17 seconds later.)
Anonymous C replied with this 14 years ago, 15 hours later, 18 hours after the original post[^] [v] #351,375
@previous (squeegee !firstkPE1Q)
I'd've said desperate rather than stupid. I know quite a few people who knew they were taking a gamble on not being able to pay but were freaked out about how rapidly home prices were rising and felt they had no choice but to take a chance that maybe it'd worked out.
I'd've said desperate rather than stupid. I know quite a few people who knew they were taking a gamble on not being able to pay but were freaked out about how rapidly home prices were rising and felt they had no choice but to take a chance that maybe it'd worked out.
(Edited 19 seconds later.)
Anonymous A (OP) replied with this 14 years ago, 10 minutes later, 18 hours after the original post[^] [v] #351,379
@previous (C)
Its the moving on up principle. Add that to wanting what your neighbor has and a little thinking about gambling. When I bought my first house, I knew it was over my head and a gamble. It really worked out for me, but that was before the massive collapse of the housing market.
I felt uneasy at the time for buying more then I could afford which meant I was gambling on my work future.
Its the moving on up principle. Add that to wanting what your neighbor has and a little thinking about gambling. When I bought my first house, I knew it was over my head and a gamble. It really worked out for me, but that was before the massive collapse of the housing market.
I felt uneasy at the time for buying more then I could afford which meant I was gambling on my work future.
squeegee !firstkPE1Q replied with this 14 years ago, 4 hours later, 23 hours after the original post[^] [v] #351,454
@351,375 (C)
ok, i'll give you that. but what was real stupid was european markets buying up these new intricate and crazy bundled securities or whatever the fuck they were. They bought them on faith they were grade A, but, i mean, i don't even buy a new model car the first year it's out. let all the early adopters have the brake problems and fires. it was all very, very risky for investors, but, no risk no reward i guess. i just don't see why a lending bank should be able to gamble. there's other kinds of banks for that.
ok, i'll give you that. but what was real stupid was european markets buying up these new intricate and crazy bundled securities or whatever the fuck they were. They bought them on faith they were grade A, but, i mean, i don't even buy a new model car the first year it's out. let all the early adopters have the brake problems and fires. it was all very, very risky for investors, but, no risk no reward i guess. i just don't see why a lending bank should be able to gamble. there's other kinds of banks for that.
Anonymous C replied with this 14 years ago, 4 hours later, 1 day after the original post[^] [v] #351,544
@previous (squeegee !firstkPE1Q)
Yeah, but that's faith in the rating agencies. Literally. There are agencies; Moody's, S&P and some other one being the big three. In hindsight we know it was very risky, but before the collapse these rating agencies had near flawless records. Investors trusted them because it was rational given available information.
Yeah, but that's faith in the rating agencies. Literally. There are agencies; Moody's, S&P and some other one being the big three. In hindsight we know it was very risky, but before the collapse these rating agencies had near flawless records. Investors trusted them because it was rational given available information.