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Heh heh heh Trump Appears in Terrorist Recruitment Vid
Boating All Out wrote:
In article , says... On 1/3/2016 9:14 PM, Boating All Out wrote: In article , says... Which brings us back to a often forgotten fact. The "great recession" that began on Sept 15th, 2008 was not the result of GWB economic policies or even his spending on the wars in Iraq and Afghanistan. The gunpowder that ignited the recession and near collapse of the economy was the real estate bubble burst that left banks holding worthless loans. This was a direct result of Clinton era economic policies with help from people like Barney Frank. He's smart. He exited stage left when the heat started getting too hot. You're insulting the facts. https://www.youtube.com/watch?v=CwPG-7FTkyM I can't even count the times I heard GWB crowing about "home ownership". On who's watch did the sub-prime loan fiasco start? On GWB's watch. With a Republican Congress. You already forgot? http://www.federalreservehistory.org.../DetailView/55 "In the early and mid-2000s, high-risk mortgages became available from lenders who funded mortgages by repackaging them into pools that were sold to investors. New financial products were used to apportion these risks, with private- label mortgage-backed securities (PMBS) providing most of the funding of subprime mortgages." http://knowledge.wharton.upenn.edu/a...w-we-got-into- the-subprime-lending-mess/ "The looser credit standards of the past decade brought a mortgage boom, with Americans holding 2.5 times as much mortgage debt in 2005 as in 1997, a period when gross domestic product grew by just 50%, Wachter and Green say. Subprime mortgages made up 22% of new loans in 2005, compared to 8% in 2003, and in 2004 more than 30% of all mortgages carried adjustable rates, up from about 10% in 2001." It's true GBW didn't recognize the impending problem it caused and didn't stop it but it originated with Clinton, lead in good part by Barney Frank. Frank later denied ownership of the concept when the **** hit the fan of course. Yeah, sure. And the Founding Fathers started it all. So it's all their fault. I don't why you blame Bill Clinton and Barney Frank, but hey, be my guest. It won't do anything good for you, except maybe give you a false "axis of evil" to focus on. BTW, Freddie/Fannie didn't cause the crisis - it was the private mortgage market, and Wall Street. Makes me wonder where you've been the last 10 years. It was Fannie / Freddie and Wall Street. Wall Street and the banks were able to do the dastardly deeds for 2 reasons. Clinton signing deregulation of banks and brokerages, and FannieFredie buying all the crap mortgages. Raines should have paid back all the $100 million he and his number 2 got in phony bookkeeping bonus and gone to jail! |
Heh heh heh Trump Appears in Terrorist Recruitment Vid
On 1/4/2016 12:26 AM, Boating All Out wrote:
In article , says... On 1/3/2016 9:14 PM, Boating All Out wrote: In article , says... Which brings us back to a often forgotten fact. The "great recession" that began on Sept 15th, 2008 was not the result of GWB economic policies or even his spending on the wars in Iraq and Afghanistan. The gunpowder that ignited the recession and near collapse of the economy was the real estate bubble burst that left banks holding worthless loans. This was a direct result of Clinton era economic policies with help from people like Barney Frank. He's smart. He exited stage left when the heat started getting too hot. You're insulting the facts. https://www.youtube.com/watch?v=CwPG-7FTkyM I can't even count the times I heard GWB crowing about "home ownership". On who's watch did the sub-prime loan fiasco start? On GWB's watch. With a Republican Congress. You already forgot? http://www.federalreservehistory.org.../DetailView/55 "In the early and mid-2000s, high-risk mortgages became available from lenders who funded mortgages by repackaging them into pools that were sold to investors. New financial products were used to apportion these risks, with private- label mortgage-backed securities (PMBS) providing most of the funding of subprime mortgages." http://knowledge.wharton.upenn.edu/a...w-we-got-into- the-subprime-lending-mess/ "The looser credit standards of the past decade brought a mortgage boom, with Americans holding 2.5 times as much mortgage debt in 2005 as in 1997, a period when gross domestic product grew by just 50%, Wachter and Green say. Subprime mortgages made up 22% of new loans in 2005, compared to 8% in 2003, and in 2004 more than 30% of all mortgages carried adjustable rates, up from about 10% in 2001." It's true GBW didn't recognize the impending problem it caused and didn't stop it but it originated with Clinton, lead in good part by Barney Frank. Frank later denied ownership of the concept when the **** hit the fan of course. Yeah, sure. And the Founding Fathers started it all. So it's all their fault. I don't why you blame Bill Clinton and Barney Frank, but hey, be my guest. It won't do anything good for you, except maybe give you a false "axis of evil" to focus on. BTW, Freddie/Fannie didn't cause the crisis - it was the private mortgage market, and Wall Street. Makes me wonder where you've been the last 10 years. You can't be serious. The origins that led to the housing market collapse in 2008 started in 1995 ... more like 21 years ago, not 10. Actually, you could say that it started even before that under GHWB's term except it was Clinton who put pressure on Fannie May to increase the ratio of low income, higher risk loans. Barney Frank had much to do with this. Clinton rewrote the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. The balloon that was about to burst wasn't obvious until about 2006 when some financial and mortgage experts began to warn of a crash. Until then, housing prices were going up by 15, 20 percent or more. Don't you remember all the house "flippers" that were operating then? |
Heh heh heh Trump Appears in Terrorist Recruitment Vid
On 1/4/2016 1:15 AM, Califbill wrote:
Boating All Out wrote: In article , says... On 1/3/2016 9:14 PM, Boating All Out wrote: In article , says... Which brings us back to a often forgotten fact. The "great recession" that began on Sept 15th, 2008 was not the result of GWB economic policies or even his spending on the wars in Iraq and Afghanistan. The gunpowder that ignited the recession and near collapse of the economy was the real estate bubble burst that left banks holding worthless loans. This was a direct result of Clinton era economic policies with help from people like Barney Frank. He's smart. He exited stage left when the heat started getting too hot. You're insulting the facts. https://www.youtube.com/watch?v=CwPG-7FTkyM I can't even count the times I heard GWB crowing about "home ownership". On who's watch did the sub-prime loan fiasco start? On GWB's watch. With a Republican Congress. You already forgot? http://www.federalreservehistory.org.../DetailView/55 "In the early and mid-2000s, high-risk mortgages became available from lenders who funded mortgages by repackaging them into pools that were sold to investors. New financial products were used to apportion these risks, with private- label mortgage-backed securities (PMBS) providing most of the funding of subprime mortgages." http://knowledge.wharton.upenn.edu/a...w-we-got-into- the-subprime-lending-mess/ "The looser credit standards of the past decade brought a mortgage boom, with Americans holding 2.5 times as much mortgage debt in 2005 as in 1997, a period when gross domestic product grew by just 50%, Wachter and Green say. Subprime mortgages made up 22% of new loans in 2005, compared to 8% in 2003, and in 2004 more than 30% of all mortgages carried adjustable rates, up from about 10% in 2001." It's true GBW didn't recognize the impending problem it caused and didn't stop it but it originated with Clinton, lead in good part by Barney Frank. Frank later denied ownership of the concept when the **** hit the fan of course. Yeah, sure. And the Founding Fathers started it all. So it's all their fault. I don't why you blame Bill Clinton and Barney Frank, but hey, be my guest. It won't do anything good for you, except maybe give you a false "axis of evil" to focus on. BTW, Freddie/Fannie didn't cause the crisis - it was the private mortgage market, and Wall Street. Makes me wonder where you've been the last 10 years. It was Fannie / Freddie and Wall Street. Wall Street and the banks were able to do the dastardly deeds for 2 reasons. Clinton signing deregulation of banks and brokerages, and FannieFredie buying all the crap mortgages. Raines should have paid back all the $100 million he and his number 2 got in phony bookkeeping bonus and gone to jail! Amazing how history becomes rewritten in Boating All Out's mind. Anyone can cherry pick articles about certain time periods or about certain policies in place but you have to look at the whole picture to get the correct story. |
Heh heh heh Trump Appears in Terrorist Recruitment Vid
On Sun, 3 Jan 2016 23:26:32 -0600, Boating All Out
wrote: In article , says... On 1/3/2016 9:14 PM, Boating All Out wrote: In article , says... Which brings us back to a often forgotten fact. The "great recession" that began on Sept 15th, 2008 was not the result of GWB economic policies or even his spending on the wars in Iraq and Afghanistan. The gunpowder that ignited the recession and near collapse of the economy was the real estate bubble burst that left banks holding worthless loans. This was a direct result of Clinton era economic policies with help from people like Barney Frank. He's smart. He exited stage left when the heat started getting too hot. You're insulting the facts. https://www.youtube.com/watch?v=CwPG-7FTkyM I can't even count the times I heard GWB crowing about "home ownership". On who's watch did the sub-prime loan fiasco start? On GWB's watch. With a Republican Congress. You already forgot? http://www.federalreservehistory.org.../DetailView/55 "In the early and mid-2000s, high-risk mortgages became available from lenders who funded mortgages by repackaging them into pools that were sold to investors. New financial products were used to apportion these risks, with private- label mortgage-backed securities (PMBS) providing most of the funding of subprime mortgages." http://knowledge.wharton.upenn.edu/a...w-we-got-into- the-subprime-lending-mess/ "The looser credit standards of the past decade brought a mortgage boom, with Americans holding 2.5 times as much mortgage debt in 2005 as in 1997, a period when gross domestic product grew by just 50%, Wachter and Green say. Subprime mortgages made up 22% of new loans in 2005, compared to 8% in 2003, and in 2004 more than 30% of all mortgages carried adjustable rates, up from about 10% in 2001." It's true GBW didn't recognize the impending problem it caused and didn't stop it but it originated with Clinton, lead in good part by Barney Frank. Frank later denied ownership of the concept when the **** hit the fan of course. Yeah, sure. And the Founding Fathers started it all. So it's all their fault. I don't why you blame Bill Clinton and Barney Frank, but hey, be my guest. It won't do anything good for you, except maybe give you a false "axis of evil" to focus on. BTW, Freddie/Fannie didn't cause the crisis - it was the private mortgage market, and Wall Street. Makes me wonder where you've been the last 10 years. Who deregulated the industry and allowed all of that to happen? |
Heh heh heh Trump Appears in Terrorist Recruitment Vid
On Mon, 4 Jan 2016 05:17:56 -0500, "Mr. Luddite"
wrote: The balloon that was about to burst wasn't obvious until about 2006 That is not true of everyone. You can take a look at "the big short" but more personally, I know that the guys who ran Centex (builders) knew this was hokey in 2004 and they were not building spec houses (AKA "inventory") even then. The customer needed to have a contract with at least $50k down before they started building, in spite of the fact that houses were sold in a lottery at the time. They also avoided "investors" as much as possible. (only one home per customer was the goal) The owners (Hannigan and Ellers) sold the business right before it crashed. I sold my stock when that happened at a pretty nice profit. |
Heh heh heh Trump Appears in Terrorist Recruitment Vid
In article ,
says... You can't be serious. The origins that led to the housing market collapse in 2008 started in 1995 ... more like 21 years ago, not 10. Actually, you could say that it started even before that under GHWB's term except it was Clinton who put pressure on Fannie May to increase the ratio of low income, higher risk loans. Barney Frank had much to do with this. Clinton rewrote the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. The balloon that was about to burst wasn't obvious until about 2006 when some financial and mortgage experts began to warn of a crash. Until then, housing prices were going up by 15, 20 percent or more. Don't you remember all the house "flippers" that were operating then? Yeah, yeah. The first successful semi-auto rifle was made by Ferdinand Ritter von Mannlicher. He is responsible for the all the terrorist mass murders using semi-auto rifles. Evil man. Give me a break. Come back with some FACTS. You can start here as a primer. https://en.wikipedia.org/wiki/Financ...is_of_2007%E2% 80%9308 It covers the CRA too. Or you can play footsie with califbill, if he's your speed. I really don't give a ****. Dyed-in-the-wool Republicans will always blame Clinton and Frank for everything, because it tickles their fancy. Fine by me. Whatever floats your boat. |
Heh heh heh Trump Appears in Terrorist Recruitment Vid
On 1/4/2016 7:21 AM, Boating All Out wrote:
In article , says... You can't be serious. The origins that led to the housing market collapse in 2008 started in 1995 ... more like 21 years ago, not 10. Actually, you could say that it started even before that under GHWB's term except it was Clinton who put pressure on Fannie May to increase the ratio of low income, higher risk loans. Barney Frank had much to do with this. Clinton rewrote the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. The balloon that was about to burst wasn't obvious until about 2006 when some financial and mortgage experts began to warn of a crash. Until then, housing prices were going up by 15, 20 percent or more. Don't you remember all the house "flippers" that were operating then? Yeah, yeah. The first successful semi-auto rifle was made by Ferdinand Ritter von Mannlicher. He is responsible for the all the terrorist mass murders using semi-auto rifles. Evil man. Give me a break. Come back with some FACTS. You can start here as a primer. https://en.wikipedia.org/wiki/Financ...is_of_2007%E2% 80%9308 It covers the CRA too. Or you can play footsie with califbill, if he's your speed. I really don't give a ****. Dyed-in-the-wool Republicans will always blame Clinton and Frank for everything, because it tickles their fancy. Fine by me. Whatever floats your boat. Thank you for understanding. You might want to read up on the history of Freddie and Fanny. |
Heh heh heh Trump Appears in Terrorist Recruitment Vid
On 1/4/2016 7:02 AM, wrote:
On Sun, 3 Jan 2016 23:26:32 -0600, Boating All Out wrote: In article , says... On 1/3/2016 9:14 PM, Boating All Out wrote: In article , says... Which brings us back to a often forgotten fact. The "great recession" that began on Sept 15th, 2008 was not the result of GWB economic policies or even his spending on the wars in Iraq and Afghanistan. The gunpowder that ignited the recession and near collapse of the economy was the real estate bubble burst that left banks holding worthless loans. This was a direct result of Clinton era economic policies with help from people like Barney Frank. He's smart. He exited stage left when the heat started getting too hot. You're insulting the facts. https://www.youtube.com/watch?v=CwPG-7FTkyM I can't even count the times I heard GWB crowing about "home ownership". On who's watch did the sub-prime loan fiasco start? On GWB's watch. With a Republican Congress. You already forgot? http://www.federalreservehistory.org.../DetailView/55 "In the early and mid-2000s, high-risk mortgages became available from lenders who funded mortgages by repackaging them into pools that were sold to investors. New financial products were used to apportion these risks, with private- label mortgage-backed securities (PMBS) providing most of the funding of subprime mortgages." http://knowledge.wharton.upenn.edu/a...w-we-got-into- the-subprime-lending-mess/ "The looser credit standards of the past decade brought a mortgage boom, with Americans holding 2.5 times as much mortgage debt in 2005 as in 1997, a period when gross domestic product grew by just 50%, Wachter and Green say. Subprime mortgages made up 22% of new loans in 2005, compared to 8% in 2003, and in 2004 more than 30% of all mortgages carried adjustable rates, up from about 10% in 2001." It's true GBW didn't recognize the impending problem it caused and didn't stop it but it originated with Clinton, lead in good part by Barney Frank. Frank later denied ownership of the concept when the **** hit the fan of course. Yeah, sure. And the Founding Fathers started it all. So it's all their fault. I don't why you blame Bill Clinton and Barney Frank, but hey, be my guest. It won't do anything good for you, except maybe give you a false "axis of evil" to focus on. BTW, Freddie/Fannie didn't cause the crisis - it was the private mortgage market, and Wall Street. Makes me wonder where you've been the last 10 years. Who deregulated the industry and allowed all of that to happen? What is funny about it was that Clinton (Bill) was not totally on board with the deregulation and pressure on banks to relax lending practices. He caved under pressure from fellow Democrats including Barney. |
Heh heh heh Trump Appears in Terrorist Recruitment Vid
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