Obama tells banks to make more bad home loans... WTF!?

The banks made these loans because the government pushed them to, and told them they had nothing to lose since all those loans would be insured, thanks to the government. The banks played along, sure, but they NEVER would have made bad loans like that if not for the government. Keep in mind, the race-baiters were out there too, claiming that banks were refusing to give home loans to black people, as if it was skin color, and not bad credit ratings, that made it harder for black people to get home loans. So banks had to decide if they wanted to be known as racists, and get shut out of government insured loans, or make the loans, figuring they couldn't lose, and be known as "fair" to minorities. "I just want to know why you have to belittle people while you are making your point? That does not help anything." Anyone who thinks that it's a good idea to make bad loans DESERVES to be belittled. It's the dumbest idea on the planet. "I actually just wrote a post on what they could do to get low income people into their own housing. Maybe it would behoove everyone to look into this type of living." The problem is that too many people in this country have a sense of entitlement that's been fostered by the government. The idea of living in a small home or, god forbid, cutting the cable and internet, is treated as ridiculous. When I tell people they should cut their cell phones to save money, they act like it's impossible to LIVE without a cell phone. I think people should save money by living in smaller homes, but they won't do that. Even people in this country under the poverty level have larger homes than the average European.

You'd be surprised how effective a tool shame is. Shame is what used to motivate people to get off of welfare and food stamps before the government started giving out covert debit cards and running commercials telling people how great it is to be on food stamps. Shame is what many collection agencies use as a tool to get people to pay their bills. It's not about teaching. People already know that they shouldn't buy things they can't afford. People already know that making bad loans is a bad idea. People already know that banks won't loan to them because they are a bad credit risk. Why bother teaching people what they already know, but refuse to live by?

Actually, no, it just makes you sound like a jerk, but if that is the way you want to live your life. Its one thing to be like that to people that deserve it, its another to do it because you just think you are better? Do you ever put yourself in others peoples shoes. I do not care if you answer me or not. I am not the one that needs convincing.

We do not have that problem in Winnipeg and I do not know about the rest of Canada. We have some built on our main street and it is not in a lower class, but more or less a working class area. But I guess things are a bit different down there. If you buy a house from Habitant, here they would expect that you are working at a low wage job, and that you wish to own your own house so it is not a welfare thing. And of course by doing the sweat equity, one could apply for a job as a contractor's helper or whatever skill they had.

I looked into Habitat for Humanity. They only build in the worst area and having a house cheap is not worth the danger we'd be in living there.

The homes built by Habitat for Humanity arent that bad. I guess it depends on the area though. I know they build houses with volunteer labor and I think they get donations that helps with the materials.

@shorty08322 When "trying" means inflating our currency, making foreclosures a guarantee, and causing a temporary bubble that screws up housing prices then yes, I CAN hate someone for trying. He's not trying to make anything better, he's trying to get more ignorant people to support him.

I want to see u try it and make it batter what would u do u can't hate someone for trying

"Financial Responsibility Month" LOL. Yeah, I thought that was an April Fools Day joke when I saw an article about Obama saying that.