want to make a wager he will be #6 on the list in 3 more years?

BTW, It's people like obama that started the economic down turn. While working for ACORN as a lawyer obama and ACORN FORCED home lenders to issue loans to lower income home buyers. Well guess what..they didn't make the payments..surprise surprise!

 

ACORN did not force lenders to lend unqualified people money.
You need to do some research and stop listening to Glen Beck.
There was quick cash to be made by selling secured mortgages to banks, who then took out insurance polices on those loans.
The more mortgages you sold the more money you made, well once all the qualified people were used up they lowered the bar, and then lowered it again and again until there was nobody left.
Then the people who had the mortgage with the adjustable APR got screwed when the APR jumped from the introductory 4% to the 12% that was in the fine print.
They could not make their payments.
Now add in the interest only mortgage, who does that help? The bank, you make payments to them to cover the interest and pay nothing on your principle, so you never pay down the balance on your home.
Now because the banks insured their loan with AIG as well as other insurance companies, who did not have the capital to cover all the all at once.
So the mortgage broker wants a new boat, he gets a jobless guy a home loan, he then sells that loan to a bank who then insures it with a insurance company.
The broker got paid, the guy defaulted on his loan, the bank makes a insurance claim.
I will have to find the pod casts that really explain it in laymen terms.
The pod cast does not blame "R" or "D", it just explains it in black and white.

 

All I know when I ordered parts from RPi 18 mo's ago in the UK the ex-rate was $2.00 USD per 1 GBP and now it 1.6 US to 1 GBP.
I would have saved 500 US.

 

Start with this one.
http://www.thisamericanlife.org/Radi...spx?sched=1285
Then this one.
http://www.thisamericanlife.org/Radi...spx?sched=1318

They explain it all in easy to understand words that even I can grasp.

 

i listened to both of them and i still cant import a defender... wtf?

 

Wow! you've got to be the only person in the country defending ACORN. lol. You need to stop listening to NPR and do some research on the "Community Reinvestment Act". It was passed in 1977 and it is real. obama and ACORN used this act to pressure lenders into risky loans. If they did not get the loans they wanted they would threaten the lenders with law suits.

 

I am in no way defending ACORN.

I will look into that Community Reinvestment Act.

My point was that ACORN and Obama did not cause the economic collapse last year.

 

well at least we can all agree that Obama is the reason we can't import a defender. so what do we do about it?

 

Well we could move to england.No obama and lots of defenders!

 

i already tried that. its impossible for Americans to move there. they let anyone else in the world walk in to England but not us....