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Chuck Schumer Wants to Pick your Pocket...

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April 12, 2007 – Comments (4)

And hand the proceeds to people who were irresponsible enough to sign up for mortgages they couldn't afford.

Real humanitarian, that Chucky. I remember when the real estate bubble was inflating, and he raised a big stink about the dangers, and how the potential for poor people to lose everything was a real danger, and that the government should therefore be keeping an eye on lending standards.

Or did I just dream that last (sane) part? 

4 Comments – Post Your Own

#1) On April 12, 2007 at 7:46 PM, CaptFoolDawg (62.20) wrote:

Sounds like the same old song and dance.  We need new ideas from both sides.....both sides are getting old.

 I always love when people who do it right, legaly, and fair are punished.

 CaptFoolDawg.

http://caps.fool.com/Blogs/ViewBlog.aspx?t=01001183672245417887

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#2) On April 12, 2007 at 8:22 PM, Allstar13913 (99.80) wrote:

The Best Quote:

The Center for Responsible Lending, an advocacy group for borrowers, said it wanted to ensure that any rescue plan was aimed at homeowners and not banks or other mortgage companies that made the loans.

Where does the money end up? Its moronic.

I'm a Democratic, but these are the type of policies that drive me bonkers.  Common sense tells me not to borrow more than I can pay.  These people who did deserve what's coming to them.

Furthermore, I'm waiting on my bailout.  I'm shorting all these lending companies, so if they get a bailout, i'm going to be the one losing money.  I demand some money from the government to make up for the gains I won't be receiving.

Sometimes I feel like no one understands how markets are supposed to work!

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#3) On April 12, 2007 at 8:47 PM, Greshm (97.29) wrote:

Damn!  For just a brief few seconds...I was beginning to think I DIDN'T dream that, it really musta happened...cuz no way Bent and I could have both had the same damned dream, right? 

Then I woke up, rubbed my eyes and realized we both just had the same damned dream. 

They say, it is almost always the simplest, most likely explanation:  Two men who've never met each other channeling one another's dreams via cyberspace is much more simple an explanation and likely than some damned Democrats actually showing some leadership and having done something proactive about something. 

Oy, I told you, we've entered Oz full-time now...

There's no place like home...there's no place like home...there's no place...

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#4) On April 13, 2007 at 7:24 AM, TMFBent (99.82) wrote:

Hey, someone needs to think of the children.

By which I mean Schumer's reelection campaign...

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