No, it's not conspiracy theory, it's the truth.
In began in 1999 and it was done by your friend and mine Bill Clinton.
He tried to buy votes by changing qualifying guidelines and loan types
made by FNMA and FHLMC to suit a minority group which said they were
being judged by unfair guidelines that helped and protected white
people cause they had better credit than other groups. They said it
was cultural differences that caused the lower scores and it would be
demeaning to them as a race for us (white people) to educate them. We
were supposed to change guidelines to better suit their culture's
differences (I KID YOU NOT!)
That caused the no income loans that weren't based upon good credit &/
or money in the bank. It caused the lowering of qualifying and
underwriting standards that partially got us into this mess.
It became the law and all lenders had to do those loans. We kicked
and screamed saying it was going to cause foreclosures like we had in
the 70's the last time they tried that stuff, but obviously lenders
don't vote often enough to matter.
On Sep 25, 2009, at 11:56 AM, Russ wrote:
THAT'S a conspiracy theory I hadn't heard before! Banks being forced
to make risky loans.
Which bill was it that forced banks to make zero principle loans?
The No Principle For All bill?
:-)
---------------------------------------------------------
"Bigamy is having one wife too many. Monogamy is the same." Oscar
Wilde
On Sep 25, 2009, at 9:53 AM, Casey Wheeler wrote:
No I feel that people should pay attention to things. The banks for
instance.... Had the government not forced them to lend to so risky
people, some banks would not have failed. Some would have, sure.
But that's a free market. Things need to fail. It creates new
oppurtunities.
Artificial limits and regulation put on most markets slow growth
and hurt competition. Adam smith was a smart man.
Sent from my iPhone
On Sep 25, 2009, at 12:42 PM, "Mark Phillips" <[email protected]
> wrote:
“Free market always creates the best policy”, I disagree. The
current economic climate is a testament to that. Industries need
regulation or they will continue out of control until someone gets
hurt. After that, they will continue until they get hurt or are
stopped. The really bad ones continue regardless. Think
indestructible teenager with a learner’s permit, a self-centered
attitude and a high-powered Miata (I finally worked some list
related content in J).
Mark
From: [email protected] [mailto:[email protected]
] On Behalf Of Casey Wheeler
Sent: Friday, September 25, 2009 12:19 PM
To: Bret Dodson
Cc: [email protected]; [email protected]
Subject: Re: NMC - Healthcare Crisis Debate
I am confident in my views, my experince and research prove it to
be correct. But, I don't think the syste
is without issues that need to be resolved. You should not be
able to be dropped once you contract a disease. Docotrs should be
able to prescrib exactly what the want for a patient. This
experimental stuff is BS I come across in my job as well, and as
you stated, it occurs within standard procedural operations. These
as well as the INS across state lines, tort reform etc etc would
make a huge difference in not only peoples satisfaction with the
business, as well as bring the cost down.
Free market always creates the best policy.
Sent from my iPhone
On Sep 25, 2009, at 11:05 AM, Bret Dodson <[email protected]> wrote:
Wow Casey you're pretty confident of your health and coverage.
Here is something I see all the time working at one of the
largest cancer research institutions in the world.
Suppose you get cancer. Your insurance will probably cover a
first round of standard treatment. What if that doesn't work?
Or, what if your doctors (you'll have several) think your best
option is something the insurance companies consider
"experimental" (they try to consider bunches of typical
treatments "experimental" even though they have been standard
treatment for years). This "experimental" treatment gets paid by
you.
At my employer, patients need to come to their first appointment
with two things: information on their past treatment and six
figures of cash.
Yes, this is heartbraking. I suppose all the people against
reforming healthcare without $100,000+ cash sitting within easy
reach would be good citizens and let themselves die.
Not me, but I at least respect their dedication.
I'm driving the Miata today. It makes all the pediatric patients
smile.
Bret
Sent from my iPhone
On Sep 25, 2009, at 5:59 AM, Casey Wheeler
<[email protected]> wrote:
Jim is absolutly correct and probably makes the point better
than I did. Most people have health conditions due to their own
choices. Furthermore, people without ins. Don't have ins. by
their own doing. The people that "need" social healthcare are
the people who are most apathetic. We all have the freedom and
choice to take this path or another. If people make better
choices, life is better/easier. Our society has become so... So
lazy, pathetic, apathtic... Something, I can't find the right
description... Take some personal responsibility and handle your
business.
Casey
Sent from my iPhone
On Sep 25, 2009, at 8:18 AM, [email protected] wrote:
I decided I must weigh in on this one after all. I do work at
the largest hospital in my immediate area, which just happens
to be the only for profit hospital in southern Arizona. My
observations are first hand, not something I've seen on TV or
read about.
I don't honestly believe we have a 'healthcare' crisis. I
believe that we do have a 'wellness' crisis. More accurately, a
lack of wellness crisis. The vast majority of the patients I
see in the healthcare system are sick due to their own
lifestyle choices. We have an entire generation of citizens who
think that they are owed everything: police protection, fire
protection, healthcare, etc. Personal responsibility is way
undervalued by our current culture.
Numerous hospitalizations could be avoided entirely by simply
getting an annual physical exam where the physician has the
opportunity to catch the signals of a possible or impending
issue and take preemptive measures.
'You are what you eat' is a manta of any good cardiac rehab
program. However, if adopted as a normal part of one's life, it
could have been what keep you out of cardiac care in the first
place.
I don't think I need to point out the shift to a sedentary
lifestyle that the vast majority of people have adopted.
Practicing wellness is hard work. Most people would much prefer
to ignore good lifestyle choices and then push the
responsibility for their well being off onto someone else.
Jim in Tucson
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