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Neo-Cons encourage American's to take more and more debt...

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LeftHander Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:15 AM
Original message
Neo-Cons encourage American's to take more and more debt...
0% financing on SUVs
90 days sames as cash in store financing
3% No Fee Credit Cards
0% down home mortgages
Easy lines of credit on Home Equity

EVEN EVEN

FUCKING DEBIT cards tied to your 401k....


They encouraged America into debt. They lied and said everything was good.

Pundits said buy Bear Stearns days before it collapsed.

The plan all along was to saddle the economy with so much debt it would collapse.

Neo-Con Bush Co. take over is working.

Now they have their teeth into us and are shaking us to pieces.
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ananda Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:18 AM
Response to Original message
1. All too true but..
.. what good is it for them or anybody?

I get the feeling that we've been playing in
a kindergarten sandbox with bullies who just
had no idea of the consequences of their
"winning," while the ones who suffer from it
got Stockholm Syndrome.
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Hydra Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:22 AM
Response to Reply #1
3. The battle isn't here
So they still win. In a world of Megacorps, there are no borders, and the only rule is that they're in charge and you aren't. They enforce that with debt.
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Eurobabe Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:22 AM
Response to Original message
2. I've been getting all these emails from Restoration Hardware
special financing deals, etc. I think retailers are shitting themselves.
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deaniac21 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:36 AM
Response to Original message
4. Look what I found in the NYT. I think the blame can be passed
all over Washington.....

In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

http://query.nytimes.com/gst/fullpage.html?res=9c0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=all
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