Donald Goes Full Fredo...

[Chicks]

Originally Posted by ZeroJunk

Meanwhile the GDP is taking off, 401K's are taking off, people are going to have more money in their pocket next month.

It is a shame we couldn't have had eight more years of the SOS.

The markets did well last year, continuing their recovery from the Republican-caused meltdown. Almost as well as 2013 under Obama. Trump had zero to do with it. The tax reform that squeaked through may have an impact this year, or not. Time will tell.

[ZeroJunk]

Originally Posted by Chicks

The markets did well last year, continuing their recovery from the Republican-caused meltdown. Almost as well as 2013 under Obama. Trump had zero to do with it. The tax reform that squeaked through may have an impact this year, or not. Time will tell.

LOL. You are going to attribute it to Obama.

And, loaning people money to buy a house was forced on them by Republicans ?

[Chicks]

Originally Posted by ZeroJunk

LOL. You are going to attribute it to Obama.

And, loaning people money to buy a house was forced on them by Republicans ?

Your posts continue to show your utter ignorance.

[Ike Bana]

Originally Posted by ZeroJunk

LOL. You are going to attribute it to Obama.

And, loaning people money to buy a house was forced on them by Republicans ?

Nobody forced anybody to write subprime mortgages. The mortgages brokersncouldnt write the paper fast enough. They were like a pack of hyenas at a wildebeest carcas.

[ZeroJunk]

Originally Posted by Ike Bana

Nobody forced anybody to write subprime mortgages. The mortgages brokersncouldnt write the paper fast enough. They were like a pack of hyenas at a wildebeest carcas.

So, you are saying that the people buying the homes were too stupid to know what they were signing ?


The flip side is that the financial institutions for decades were criticized because they would not make loans to those who were financially on the edge.

Now , they get slammed because they do.

Gotta love the lefty mind.

[Ike Bana]

Originally Posted by ZeroJunk

So, you are saying that the people buying the homes were too stupid to know what they were signing ?

Did I say that? Show me where I said that. That's what you are saying. How's about you keep your words out of other people's mouths and restrict them to your festering piehole. It's a bad fucking habit you have there.

Originally Posted by ZeroJunk

The flip side is that the financial institutions for decades were criticized because they would not make loans to those who were financially on the edge.

Now , they get slammed because they do.

Gotta love the lefty mind.

You're a fucking ignoramus. You refer to the subject of subprime mortgages which relates to the subject of the Community Reinvestment Act which relates to the failure of Bear Stearn, Lehman Bros., and other vampire investment banks...and which led to the September 2008 financial meltdown and the recession that followed. Lovely.

If you want to have a discussion about this, and explore the actual causes of the meltdown we can do that. If you want to recycle more FOX/EIB/Hannity/Coulter bullshit propaganda and expose yourself as the dumb fucker you are...that would be fine with me as well.

Originally Posted by ZeroJunk

And, you guys don't have a pot to piss in and are all geniuses .

One more time, do you want to compare pots or not, asswipe?

[whell]

Originally Posted by Ike Bana

Did I say that? Show me where I said that. That's what you are saying. How's about you keep your words out of other people's mouths and restrict them to your festering piehole. It's a bad fucking habit you have there.

You're a fucking ignoramus. You refer to the subject of subprime mortgages which relates to the subject of the Community Reinvestment Act which relates to the failure of Bear Stearn, Lehman Bros., and other vampire investment banks...and which led to the September 2008 financial meltdown and the recession that followed. Lovely.

If you want to have a discussion about this, and explore the actual causes of the meltdown we can do that. If you want to recycle more FOX/EIB/Hannity/Coulter bullshit propaganda and expose yourself as the dumb fucker you are...that would be fine with me as well.

One more time, do you want to compare pots or not, asswipe?

This is becoming tiresome. The default in this forum of late is to not discuss ideas or debate legitimately. Look at this post as an example of what happens when lack of dialogue gets completely out of control. Is this really the best we can do?

If you're interested at all, here's a balanced overview of how the CRA created the environment - and lead to the the politics - that contributed to the meltdown in 2008.

http://www.businessinsider.com/the-c...s-guide-2009-6

There are some good points here, and plenty of blame to go around. The "Bush did it" or the "Clinton did it" crowds can each find their own fodder, but if you only focus on one side, you'll miss the essential facts.

[Ike Bana]

Originally Posted by whell

This is becoming tiresome. The default in this forum of late is to not discuss ideas or debate legitimately. Look at this post as an example of what happens when lack of dialogue gets completely out of control. Is this really the best we can do?

If you're interested at all, here's a balanced overview of how the CRA created the environment - and lead to the the politics - that contributed to the meltdown in 2008.

http://www.businessinsider.com/the-c...s-guide-2009-6

There are some good points here, and plenty of blame to go around. The "Bush did it" or the "Clinton did it" crowds can each find their own fodder, but if you only focus on one side, you'll miss the essential facts.

Debate legitimately? You think Zero has ever made a single fucking attempt to debate anything legitimately. My post contained a legitimate challenge to the FOX/EIB crap that Zero keeps dumping all over this forum. So OK fine, let's get to it.

The only conclusion this article come to is right in the first paragraph.

... the evidence is overwhelming that the CRA played a significant role in creating lax lending standards that fueled the housing bubble.

So the CRA played a role in generating the housing bubble. Who says it didn't? Pay fucking attention because it wasn't me. But you have gone beyond what this article has suggested when you pitch the bullshit that the CRA generated the meltdown of 2008.

The subprime loan paper did not cause the meltdown. What the vampire investment bankers did with the subprime paper caused the meltdown. Their derivative products, and how Standard and Poor's and Moody's gave A ratings to Lehman's bundles full of D paper, is what caused the meltdown.

And here's the proof. On the day that Lehman Bros died...yes, the forclosure rate on home mortgages reached a point where it had doubled from the typical level. Doubled from 1% to 2% of all US home mortgages. ONE PERCENT TO TWO FUCKING PERCENT. The day Lehman closed up shop 98% of US mortgages were still solvent. Housing bubble my ass. The meltdown didn't happen when the housing bubble popped. The meltdown happened when Lehman (and Bear Stearns before them) couldn't cover the all the money they leveraged in order to buy all that subprime D paper that went into their products. Way before the housing bubble burst. In fact, the housing bubble burst because of the meltdown...it was not the cause of the meltdown.

The meltdown happened because the investment bankers didn't want to spend any of their capital to build their derivative products. The CRA had nothing directly to do with the meltdown...it was the bankers leveraged at 40 to 1 or more.

Learn something. It's easy reading...go read "The Big Short." If that's too much work for you go to the fucking library and get the DVD and fucking learn something.