Obama says Sub Prime Mortgages was a GOOD IDEA!!

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Uploaded by on Aug 5, 2009

After the Sub Prime Crisis already started in 2007 Obama says Sub Prime Mortgages that gave houses to people WHO COULDN'T AFFORD THEM was a GOOD IDEA!!

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News & Politics

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  • likes, 12 dislikes

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Uploader Comments (savior02)

  • "sub prime lending started off as a good idea..." implies that it ended as a bad idea does it not? way to be dumb!

  • no u dumb schmuck it was never a good idea! listen to it again. he says helping americans buying homes who previously couldnt afford to...the fact of the matter is it was never a good idea because if they couldnt afford it than how can they magically afford it now with sub prime lending?? u dumb schmuck east shit and get lost

Top Comments

  • Anyways, this whole mortage crisis was obviously perpetuated by fully illegal bank practices that sold bad loans and took short on the losses. (Meaning the banks were actually making money when their loans failed.) Additionally it's been documented that goverment officials who criticized these bank practices were reassigned to different commitees. Also, look at EVERY politicians resume..they've all worked for banks. This really doesn't have to do with Obama so it's kind of a bad argument. 4/10

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All Comments (10)

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  • Obama sucks - but you're reaching here. It's pretty clear he's saying that helping people buy homes who couldn't previously is the "good idea."

  • @miajailbreak Sub Prime was never ever a good idea.

  • @nborges1 Saying it ever was a good idea in the first place is being a moron.

  • he said "helping Americans buy homes who 'previously' couldnt afford to". crafty . you can't give a subprime mortgage to someone who CAN afford one.

  • Your stupid inability to understand english is entirely consistent with your ignorance in many many areas. Don't you feel any kind of shame at being so fucking dumb? Your ignorance and natural stupidity is very unpleasant. You are a small frightened weakling with no education and a susceptibility to paranoia because of malnutrition. Just a failed rush limbaugh imitator with even less IQ.

  • subprime WAS a good idea, it was just absued bad

  • He's an idiot, don't waste you time.

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