63 banks on the verge of collapse

[my2¢]

The Fed is finally acting responsibly. The rates should have been gradually raised back to normal during Obama's 2nd term and certainly by the end of Trump's presidency.

 

[TheYellowKing]

The Fed is finally acting responsibly. The rates should have been gradually raised back to normal during Obama's 2nd term and certainly by the end of Trump's presidency.

You think banks on the verge of collapse and mortgages out of reach for most is responsible? How do you think economy gets stimulated?

 

[g5000]

You think banks on the verge of collapse and mortgages out of reach for most is responsible? How do you think economy gets stimulated?

ZIRP went on for way, way too long.

It encouraged irresponsible behavior. YUGE risk taking.

That's why these banks are in trouble now. They took stupid risks and now it is biting them in the ass.

Under ZIRP, banks and venture capitalists and a lot of other fools went chasing after returns, and the only high returns were junk investments. And they invested at economies of scale.

As everything returns to the mean, it is causing pain. That's what happens when you finally take away the punch bowl.

 

[scruffy]

ZIRP went on for way, way too long.

It encouraged irresponsible behavior. YUGE risk taking.

That's why these banks are in trouble now. They took stupid risks and now it is biting them in the ass.

Under ZIRP, banks and venture capitalists and a lot of other fools went chasing after returns, and the only high returns were junk investments. And they invested at economies of scale.

As everything returns to the mean, it is causing pain. That's what happens when you finally take away the punch bowl.

There you are.

Now let's see if you're an ignorant fucktard or just a stupid leftard.

You said "negros" (and you spelled it wrong, strike one).

So let's see how much you actually know about CRA and the "negros", or if you're just blowing smoke like any other race baiting leftard asswipe.

Here are the facts:

Housing prices in the US peaked in mid 2006. By 2007, regulators had identified major stress in the US financial system, as housing prices dropped and banks began to foreclose on mortgages. Additional stress occurred because foreclosed homes could only be sold at prices below the loan balance.

The financial meltdown happened in Sept of 2008. Mortgage backed securities lost a large fraction of their value, leading to the collapse of Lehman Brothers, one of the largest investment firms in the US. Here is a detailed timeline, if you need one: The U.S. Financial Crisis

By Sept of 2009, one year later, millions of people lost their jobs, and millions went underwater on their mortgages. I have the exact numbers, which I'll withhold until you answer.

Here's your question, leftard race baiter:

How many of them were "negros"?

If you don't answer, it'll mean you've run away with your tail between your legs, cause you're just a dumbass race baiting leftard blowhard.

If you answer incorrectly, it means you don't know what the fuck you're talking about and you're just regurgitating leftard propaganda like a good little brainless minion (the kind the leftards elite loves - the kind Hillary Clinton said would believe anything they were told).

Your question is: what fraction of the people who lost their jobs, and what fraction of the people who went underwater on their mortgages, were black?

We'll start there, and if you answer correctly we'll move on to the foreclosure crisis itself.

 

[The Irish Ram]

The WEF needs the big banks to fail so they can institute the CBDC.

 

[TheGreatSatan]

Ever hear of a "bail-in"?

You will soon if you have money in US banks.

 

[TheGreatSatan]

The WEF needs the big banks to fail so they can institute the CBDC.

That's why they worked to end the petrol dollar.

When the collapse comes, it will be fast and surprising.

 

[DudleySmith]

I don't see what the problem is; aren't we all going to get rich selling each other Apple stock back and forth?