Analysis Finds Trump Tax Cuts Didn’t Benefit Workers, Just Made Rich Companies Richer

[Mac1958]

I sure do, and I remember CMOs and CDOs and Credit Default Swaps and "credit agencies" giving AAA ratings to shit securities and no reserve requirements for AIG and John Paulson making billions creating securities he bet against, and 30 to 1 leverage and teaser loans and banks shorting the very same securities they were selling.

All of which had absolutely nothing, zero, to do with either Dodd or Frank. And all of which were at the very core of the crash that damn near brought us down.
.

How about Acorn? Dodd Frank. Killed the economy. Facts are facts

Acorn? wtf?

I suspect that your entire library of knowledge regarding the inner workings of the financial Meltdown was gleaned from talk radio.
.

Not at all. I’ve read many papers on it. You should choose other means besides CNN

Great. Then please show me how much more you know about my profession than I do. I'm sure those "papers" were very educational.

I provided several examples. Please explain what Dodd or Frank or Acorn (?) had to do with:

• The structure and proliferation of unregulated CDOs and CMOs, shit securities which Alan Greenspan fought tooth and nail to not regulate
  
• The fact that the ratings agencies were assigning those shit securities Treasury-level ratings with zero (0) oversight from regulators, but while getting fat fees from issuers
  
• How derivatives allowed the mortgages to assume zero (0) risk, incentivizing them to write shittier and shittier loans
• How the world's biggest banks were found to have purposely created and sold shitty (that's a quote from one of the banks) derivatives so they could short them, betting against their own clients while having all the inside information
  
• How AIG didn't have any reserve requirements on the hundreds of billions of dollars in credit default swaps they sold
• How the big banks could get away with quadrupling their leverage with zero reserve requirements on the back end

For starters.

Go ahead, educate me on my profession. It would be very helpful for me. Knock it out of the park.
.

You think that’s my role here to teach you? You’d never learn

Yeah, that's what I expected. That's the type of answer I usually get.

You don't know what you're talking about, but you know what you're supposed to say.
.

 

[Harpy Eagle]

You go ahead Gator and keep telling yourself and anyone else who will listen to you that phony story. People feel what is going on. You are using the old axiom, "who you gonna believe, me or your lying eyes!"

Let me give you a heads up------------>the only reason your peeps are even close is the collusion/delusion. That is it, nothing else.

Now let me give you another heads up------------->it is going to be exposed for what it is BEFORE the midterms, and a whole bunch of your former leaders are going to look really bad.

Now, you don't have to believe me, and I wouldn't either if I was you. But go ahead and tell all of these nice people what the likely outcome of politics IF/WHEN the collusion/delusion comes out to be not only a fabrication, but also that the Democrats used illegal tactics to try and create it.

Remember, you heard it here 1st-)

I presented you facts, and you choose to ignore them. That is on you, not me. I cannot help it if the facts do not match your partisan driving fantasy world.

My former leaders include people like Gary Johnson, Bob Barr and Mike Badnarik. What is going to happen before the mid-terms that will make them look really bad?

Or are you just one more brainless moron that thinks because I do not kiss the ass of Trump that I am somehow a Democrat or a liberal? Please do not be one more of those, this board is filled with them as it is

 

[jc456]

How about Acorn? Dodd Frank. Killed the economy. Facts are facts

Acorn? wtf?

I suspect that your entire library of knowledge regarding the inner workings of the financial Meltdown was gleaned from talk radio.
.

Not at all. I’ve read many papers on it. You should choose other means besides CNN

Great. Then please show me how much more you know about my profession than I do. I'm sure those "papers" were very educational.

I provided several examples. Please explain what Dodd or Frank or Acorn (?) had to do with:

• The structure and proliferation of unregulated CDOs and CMOs, shit securities which Alan Greenspan fought tooth and nail to not regulate
  
• The fact that the ratings agencies were assigning those shit securities Treasury-level ratings with zero (0) oversight from regulators, but while getting fat fees from issuers
  
• How derivatives allowed the mortgages to assume zero (0) risk, incentivizing them to write shittier and shittier loans
• How the world's biggest banks were found to have purposely created and sold shitty (that's a quote from one of the banks) derivatives so they could short them, betting against their own clients while having all the inside information
  
• How AIG didn't have any reserve requirements on the hundreds of billions of dollars in credit default swaps they sold
• How the big banks could get away with quadrupling their leverage with zero reserve requirements on the back end

For starters.

Go ahead, educate me on my profession. It would be very helpful for me. Knock it out of the park.
.

You think that’s my role here to teach you? You’d never learn

Yeah, that's what I expected. That's the type of answer I usually get.

You don't know what you're talking about, but you know what you're supposed to say.
.

Yeah that’s what a message board idiot writes

 

[ph3iron]

That is hilarious. If a company didn’t publicly make an announcement, then they didn’t do it.

Let’s look at who is behind the group that did this so-called analysis, shall we?
All left wing so-called organizations and think tanks that derives their funds from, guess who?

It's the group that said oil companies don't get subsidies.
True but they get huge tax breaks

Tax breaks ARE subsidies.

A subsidy is a benefit given to an individual, business or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.

Subsidy

Tax breaks ARE subsidies.

Bwaaaaaaahhhhhhhaaaaaaaaaa.....Welfare queens and queers don't get tax breaks, that is why they bitch about the rest of US who work, getting "subsidized"...Damn that is just too fucking funny....

Can you tell us which college your foul mouth came from again, mr walmart worker?

 

[ph3iron]

Desperate propaganda.


The blue wave must be nothing more than a ripple from a falling leaf.

Says someone with no argument, facts, data, or anything!

I bet 500 dollars you are wrong...
Debbie Lesko Holds Arizona House Seat for GOP

Won by 6? In a blood red area old white fart retiree voted for Don the con 25?
Yup a real victory

 

[Mac1958]

Acorn? wtf?

I suspect that your entire library of knowledge regarding the inner workings of the financial Meltdown was gleaned from talk radio.
.

Not at all. I’ve read many papers on it. You should choose other means besides CNN

Great. Then please show me how much more you know about my profession than I do. I'm sure those "papers" were very educational.

I provided several examples. Please explain what Dodd or Frank or Acorn (?) had to do with:

• The structure and proliferation of unregulated CDOs and CMOs, shit securities which Alan Greenspan fought tooth and nail to not regulate
  
• The fact that the ratings agencies were assigning those shit securities Treasury-level ratings with zero (0) oversight from regulators, but while getting fat fees from issuers
  
• How derivatives allowed the mortgages to assume zero (0) risk, incentivizing them to write shittier and shittier loans
• How the world's biggest banks were found to have purposely created and sold shitty (that's a quote from one of the banks) derivatives so they could short them, betting against their own clients while having all the inside information
  
• How AIG didn't have any reserve requirements on the hundreds of billions of dollars in credit default swaps they sold
• How the big banks could get away with quadrupling their leverage with zero reserve requirements on the back end

For starters.

Go ahead, educate me on my profession. It would be very helpful for me. Knock it out of the park.
.

You think that’s my role here to teach you? You’d never learn

Yeah, that's what I expected. That's the type of answer I usually get.

You don't know what you're talking about, but you know what you're supposed to say.
.

Yeah that’s what a message board idiot writes

You're welcome to display your mastery of the topic whenever you'd like.

It's my profession. I'm always open to expert input like yours. It's very helpful. Whenever you're ready.

Go!
.

 

[Mikeoxenormous]

That is hilarious. If a company didn’t publicly make an announcement, then they didn’t do it.

Let’s look at who is behind the group that did this so-called analysis, shall we?
All left wing so-called organizations and think tanks that derives their funds from, guess who?

It's the group that said oil companies don't get subsidies.
True but they get huge tax breaks

Tax breaks ARE subsidies.

A subsidy is a benefit given to an individual, business or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.

Subsidy

Tax breaks ARE subsidies.

Bwaaaaaaahhhhhhhaaaaaaaaaa.....Welfare queens and queers don't get tax breaks, that is why they bitch about the rest of US who work, getting "subsidized"...Damn that is just too fucking funny....

Can you tell us which college your foul mouth came from again, mr walmart worker?

I have a PhD in the school of life, you retard. I know all about your kind and what you want to do to this country. Don't like it, get the fuck out, Cuba is open, where you can live your Socialist Utopian Dream, just leave this country alone, you keep fucking with US, you aren't going to like it.......

 

[ph3iron]

You go ahead Gator and keep telling yourself and anyone else who will listen to you that phony story. People feel what is going on. You are using the old axiom, "who you gonna believe, me or your lying eyes!"

Let me give you a heads up------------>the only reason your peeps are even close is the collusion/delusion. That is it, nothing else.

Now let me give you another heads up------------->it is going to be exposed for what it is BEFORE the midterms, and a whole bunch of your former leaders are going to look really bad.

Now, you don't have to believe me, and I wouldn't either if I was you. But go ahead and tell all of these nice people what the likely outcome of politics IF/WHEN the collusion/delusion comes out to be not only a fabrication, but also that the Democrats used illegal tactics to try and create it.

Remember, you heard it here 1st-)

I presented you facts, and you choose to ignore them. That is on you, not me. I cannot help it if the facts do not match your partisan driving fantasy world.

My former leaders include people like Gary Johnson, Bob Barr and Mike Badnarik. What is going to happen before the mid-terms that will make them look really bad?

Or are you just one more brainless moron that thinks because I do not kiss the ass of Trump that I am somehow a Democrat or a liberal? Please do not be one more of those, this board is filled with them as it is

Omg you are quoting facts to the all white brainless don the cons ?

 

[ph3iron]

That is hilarious. If a company didn’t publicly make an announcement, then they didn’t do it.

Let’s look at who is behind the group that did this so-called analysis, shall we?
All left wing so-called organizations and think tanks that derives their funds from, guess who?

It's the group that said oil companies don't get subsidies.
True but they get huge tax breaks

Tax breaks ARE subsidies.

A subsidy is a benefit given to an individual, business or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.

Subsidy

Tax breaks ARE subsidies.

Bwaaaaaaahhhhhhhaaaaaaaaaa.....Welfare queens and queers don't get tax breaks, that is why they bitch about the rest of US who work, getting "subsidized"...Damn that is just too fucking funny....

Can you tell us which college your foul mouth came from again, mr walmart worker?

I have a PhD in the school of life, you retard. I know all about your kind and what you want to do to this country. Don't like it, get the fuck out, Cuba is open, where you can live your Socialist Utopian Dream, just live this country alone, you keep fucking with US, you aren't going to like it.......

So you ARE a non college white walmart boy?
Apologies but I'm a millionaire who has been sucking off uneducated white supremists like you all my life.
Thanks again

 

[Muhammed]

TRUMP’S TAX CUTS DIDN’T BENEFIT U.S. WORKERS, MADE RICH COMPANIES RICHER, ANALYSIS FINDS

Trump and Republican leadership have long touted their tax cuts as a massive boon to America’s working class, if not through direct tax reductions or refunds, then through the trickle-down effect of bonuses and wage increases from their employers who receive massive corporate cuts. “Tax reform is working,” Republican House Speaker Paul Ryan said in January, mentioning Apple’s decision to reward a bonus of $2,500 in stock grants to some Apple employees. “Workers are coming home and telling their families they got a bonus, or they got a raise or they got better benefits.”

But a new analysis of all Fortune 500 companies found only 4.3 percent of workers will receive a one-time bonus or wage increase tied to the business tax cuts, while businesses received nine times more in cuts than what they passed on to their workers, according to Americans for Tax Fairness, a political advocacy group devoted to tax reform. The analysis also found that companies spent 37 times as much on stock buybacks than they did on bonuses and increased wages for workers.

“There are too many disingenuous claims that the Trump and Republican tax cuts for corporations will trickle down to the middle class,” said Frank Clemente, executive director of Americans for Tax Fairness. “President Trump and Republicans gave huge tax cuts to big drug companies, big oil and other corporations, but corporations are giving back little—if anything—to working families,” said Clemente. “In fact, this [analysis shows] that 433 corporations out of the Fortune 500 have announced no plans to share their tax cuts with employees.”

The newest projections by the nonpartisan Congressional Budget Office found that the Republican tax plan led to, in part, a 2018 deficit $242 billion higher than previously estimated.

Roughly 36 percent of Americans approve of the Republican tax cuts, according to a March Quinnipiac University Poll and a CNBC poll found that 52 percent of working adults said they had not seen a change to their paychecks since the cuts were passed.

In January, Treasury Secretary Steven Mnuchin said 90 percent of all working adults would see increases in their paychecks because of the cuts.

pay your welfare check...eh?

Another losing loser with an ad hominem attack. Is that all you’ve got?

Says Ms. fagboy plagiarist.
.

 

[Cecilie1200]

So, the workers who got a bonus, that didn't help that at all? I wonder how many of the workers have stock in the company that they work for? I bet at least 66%. Bwaaaahhhhaaahhhhaaaaa. You must be a welfare queen or queer....

Most people don't own stock.

Actually, most people DO. Just over half of all US adults own stocks, either individually, or through mutual funds, 401k accounts, or retirement accounts.

 

[OnePercenter]

Tax breaks ARE subsidies.

Subsidy

tax breaks are not susidies. the company isn't paying itself and the government has no hands in the money. so make up nonsense all you want. no one will take you seriously. seriously!

Are you seriously going to challenge an exact definition of subsidy? Are you a fool, ignorant, or just plain stupid?

Yep. Someone keeping their money is, wait for it.... keeping their own money! Fk, how stupid are you?

So you agree that tax breaks are subsidies.

OK so LET's do away with ALL Deductions...i.e. tax breaks now here are the top 13!
Oh by the way the Federal government calls them "Tax Expenditures"... meaning ALL INCOME belongs to the government and these are the "expenditures" that are allowed
to be deducted from the income... i.e. "EXPENDITURES"!

What are the largest tax expenditures?

So let's do away with #1... i.e. Employers can deduct medical premiums.$235 Billion!
And how about # 5 and # 6... $140 billion spent on employee pension plans.
Hey here's another one let's do away with... # 7 Mortgage interest deduction.. $68 billion...
All right while we're at it... # 10 Child credit expenditures @ $54 billion.
Mind you these are all TAX breaks given to Americans when figuring out their taxes. almost a $.5 Trillion tax breaks to most Americans.



View attachment 189870

Or we can benefit all;

-Base Federal tax for corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2018 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2018 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.

My plan would put BILLIONS into the economy daily.

My plan would put the $100 trillion plus currently owned by corporate America back into the economy.

My plan would end all welfare.

My plan would significantly increase social security and pension payments.

My plan would hold prices for 10 years, thus eliminating inflation.

 

[jc456]

Dodd and Frank, just remember those two names.

I sure do, and I remember CMOs and CDOs and Credit Default Swaps and "credit agencies" giving AAA ratings to shit securities and no reserve requirements for AIG and John Paulson making billions creating securities he bet against, and 30 to 1 leverage and teaser loans and banks shorting the very same securities they were selling.

All of which had absolutely nothing, zero, to do with either Dodd or Frank. And all of which were at the very core of the crash that damn near brought us down.
.

How about Acorn? Dodd Frank. Killed the economy. Facts are facts

Acorn? wtf?

I suspect that your entire library of knowledge regarding the inner workings of the financial Meltdown was gleaned from talk radio.
.

Not at all. I’ve read many papers on it. You should choose other means besides CNN

Great. Then please show me how much more you know about my profession than I do. I'm sure those "papers" were very educational.

I provided several examples. Please explain what Dodd or Frank or Acorn (?) had to do with:

• The structure and proliferation of unregulated CDOs and CMOs, shit securities which Alan Greenspan fought tooth and nail to not regulate
  
• The fact that the ratings agencies were assigning those shit securities Treasury-level ratings with zero (0) oversight from regulators, but while getting fat fees from issuers
  
• How derivatives allowed the mortgages to assume zero (0) risk, incentivizing them to write shittier and shittier loans
• How the world's biggest banks were found to have purposely created and sold shitty (that's a quote from one of the banks) derivatives so they could short them, betting against their own clients while having all the inside information
  
• How AIG didn't have any reserve requirements on the hundreds of billions of dollars in credit default swaps they sold
• How the big banks could get away with quadrupling their leverage with zero reserve requirements on the back end

For starters.

Go ahead, educate me on my profession. It would be very helpful for me. Knock it out of the park.
.

Hey, Barney Frank: The Government Did Cause the Housing Crisis

"His most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators."

 

[Mac1958]

I sure do, and I remember CMOs and CDOs and Credit Default Swaps and "credit agencies" giving AAA ratings to shit securities and no reserve requirements for AIG and John Paulson making billions creating securities he bet against, and 30 to 1 leverage and teaser loans and banks shorting the very same securities they were selling.

All of which had absolutely nothing, zero, to do with either Dodd or Frank. And all of which were at the very core of the crash that damn near brought us down.
.

How about Acorn? Dodd Frank. Killed the economy. Facts are facts

Acorn? wtf?

I suspect that your entire library of knowledge regarding the inner workings of the financial Meltdown was gleaned from talk radio.
.

Not at all. I’ve read many papers on it. You should choose other means besides CNN

Great. Then please show me how much more you know about my profession than I do. I'm sure those "papers" were very educational.

I provided several examples. Please explain what Dodd or Frank or Acorn (?) had to do with:

• The structure and proliferation of unregulated CDOs and CMOs, shit securities which Alan Greenspan fought tooth and nail to not regulate
  
• The fact that the ratings agencies were assigning those shit securities Treasury-level ratings with zero (0) oversight from regulators, but while getting fat fees from issuers
  
• How derivatives allowed the mortgages to assume zero (0) risk, incentivizing them to write shittier and shittier loans
• How the world's biggest banks were found to have purposely created and sold shitty (that's a quote from one of the banks) derivatives so they could short them, betting against their own clients while having all the inside information
  
• How AIG didn't have any reserve requirements on the hundreds of billions of dollars in credit default swaps they sold
• How the big banks could get away with quadrupling their leverage with zero reserve requirements on the back end

For starters.

Go ahead, educate me on my profession. It would be very helpful for me. Knock it out of the park.
.

Hey, Barney Frank: The Government Did Cause the Housing Crisis

"His most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators."

You still haven't touched my list.

Demonstrate you understand this, and not just the standard conservative talking points. I'll sure as hell know if you know what you're talking about.

I'll wait. But at this point, from what I've seen so far, I'll be pretty shocked if you can.
.

 

[OnePercenter]

That is hilarious. If a company didn’t publicly make an announcement, then they didn’t do it.

Let’s look at who is behind the group that did this so-called analysis, shall we?
All left wing so-called organizations and think tanks that derives their funds from, guess who?

It's the group that said oil companies don't get subsidies.
True but they get huge tax breaks

Tax breaks ARE subsidies.

A subsidy is a benefit given to an individual, business or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.

Subsidy

Tax breaks ARE subsidies.

Bwaaaaaaahhhhhhhaaaaaaaaaa.....Welfare queens and queers don't get tax breaks, that is why they bitch about the rest of US who work, getting "subsidized"...Damn that is just too fucking funny....

You mean like Hannity?

A subsidy is a benefit given to an individual, business or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.

Why is this so difficult for you to understand?

 

[jc456]

How about Acorn? Dodd Frank. Killed the economy. Facts are facts

Acorn? wtf?

I suspect that your entire library of knowledge regarding the inner workings of the financial Meltdown was gleaned from talk radio.
.

Not at all. I’ve read many papers on it. You should choose other means besides CNN

Great. Then please show me how much more you know about my profession than I do. I'm sure those "papers" were very educational.

I provided several examples. Please explain what Dodd or Frank or Acorn (?) had to do with:

• The structure and proliferation of unregulated CDOs and CMOs, shit securities which Alan Greenspan fought tooth and nail to not regulate
  
• The fact that the ratings agencies were assigning those shit securities Treasury-level ratings with zero (0) oversight from regulators, but while getting fat fees from issuers
  
• How derivatives allowed the mortgages to assume zero (0) risk, incentivizing them to write shittier and shittier loans
• How the world's biggest banks were found to have purposely created and sold shitty (that's a quote from one of the banks) derivatives so they could short them, betting against their own clients while having all the inside information
  
• How AIG didn't have any reserve requirements on the hundreds of billions of dollars in credit default swaps they sold
• How the big banks could get away with quadrupling their leverage with zero reserve requirements on the back end

For starters.

Go ahead, educate me on my profession. It would be very helpful for me. Knock it out of the park.
.

Hey, Barney Frank: The Government Did Cause the Housing Crisis

"His most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators."

You still haven't touched my list.

Demonstrate you understand this, and not just the standard conservative talking points. I'll sure as hell know if you know what you're talking about.

I'll wait. But at this point, from what I've seen so far, I'll be pretty shocked if you can.
.

demonstrate that Frank Dodd and Acorn didn't drive the market down the drain. Yep, there are plenty of links. to show how they acted and caused this shit

 

[Mac1958]

Acorn? wtf?

I suspect that your entire library of knowledge regarding the inner workings of the financial Meltdown was gleaned from talk radio.
.

Not at all. I’ve read many papers on it. You should choose other means besides CNN

Great. Then please show me how much more you know about my profession than I do. I'm sure those "papers" were very educational.

I provided several examples. Please explain what Dodd or Frank or Acorn (?) had to do with:

• The structure and proliferation of unregulated CDOs and CMOs, shit securities which Alan Greenspan fought tooth and nail to not regulate
  
• The fact that the ratings agencies were assigning those shit securities Treasury-level ratings with zero (0) oversight from regulators, but while getting fat fees from issuers
  
• How derivatives allowed the mortgages to assume zero (0) risk, incentivizing them to write shittier and shittier loans
• How the world's biggest banks were found to have purposely created and sold shitty (that's a quote from one of the banks) derivatives so they could short them, betting against their own clients while having all the inside information
  
• How AIG didn't have any reserve requirements on the hundreds of billions of dollars in credit default swaps they sold
• How the big banks could get away with quadrupling their leverage with zero reserve requirements on the back end

For starters.

Go ahead, educate me on my profession. It would be very helpful for me. Knock it out of the park.
.

Hey, Barney Frank: The Government Did Cause the Housing Crisis

"His most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators."

You still haven't touched my list.

Demonstrate you understand this, and not just the standard conservative talking points. I'll sure as hell know if you know what you're talking about.

I'll wait. But at this point, from what I've seen so far, I'll be pretty shocked if you can.
.

demonstrate that Frank Dodd and Acorn didn't drive the market down the drain. Yep, there are plenty of links. to show how they acted and caused this shit

You're going to obediently believe the one-sided talking points.

I know what actually happened.
.

 

[Toddsterpatriot]

tax breaks are not susidies. the company isn't paying itself and the government has no hands in the money. so make up nonsense all you want. no one will take you seriously. seriously!

Are you seriously going to challenge an exact definition of subsidy? Are you a fool, ignorant, or just plain stupid?

Yep. Someone keeping their money is, wait for it.... keeping their own money! Fk, how stupid are you?

So you agree that tax breaks are subsidies.

OK so LET's do away with ALL Deductions...i.e. tax breaks now here are the top 13!
Oh by the way the Federal government calls them "Tax Expenditures"... meaning ALL INCOME belongs to the government and these are the "expenditures" that are allowed
to be deducted from the income... i.e. "EXPENDITURES"!

What are the largest tax expenditures?

So let's do away with #1... i.e. Employers can deduct medical premiums.$235 Billion!
And how about # 5 and # 6... $140 billion spent on employee pension plans.
Hey here's another one let's do away with... # 7 Mortgage interest deduction.. $68 billion...
All right while we're at it... # 10 Child credit expenditures @ $54 billion.
Mind you these are all TAX breaks given to Americans when figuring out their taxes. almost a $.5 Trillion tax breaks to most Americans.



View attachment 189870

Or we can benefit all;

-Base Federal tax for corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2018 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2018 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.

My plan would put BILLIONS into the economy daily.

My plan would put the $100 trillion plus currently owned by corporate America back into the economy.

My plan would end all welfare.

My plan would significantly increase social security and pension payments.

My plan would hold prices for 10 years, thus eliminating inflation.

Or we can benefit all;

Your faulty math doesn't benefit all.
Most of your "ideas" are unconstitutional.

 

[sartre play]

I sure do, and I remember CMOs and CDOs and Credit Default Swaps and "credit agencies" giving AAA ratings to shit securities and no reserve requirements for AIG and John Paulson making billions creating securities he bet against, and 30 to 1 leverage and teaser loans and banks shorting the very same securities they were selling.

All of which had absolutely nothing, zero, to do with either Dodd or Frank. And all of which were at the very core of the crash that damn near brought us down.
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How about Acorn? Dodd Frank. Killed the economy. Facts are facts

Acorn? wtf?

I suspect that your entire library of knowledge regarding the inner workings of the financial Meltdown was gleaned from talk radio.
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Not at all. I’ve read many papers on it. You should choose other means besides CNN

Great. Then please show me how much more you know about my profession than I do. I'm sure those "papers" were very educational.

I provided several examples. Please explain what Dodd or Frank or Acorn (?) had to do with:

• The structure and proliferation of unregulated CDOs and CMOs, shit securities which Alan Greenspan fought tooth and nail to not regulate
  
• The fact that the ratings agencies were assigning those shit securities Treasury-level ratings with zero (0) oversight from regulators, but while getting fat fees from issuers
  
• How derivatives allowed the mortgages to assume zero (0) risk, incentivizing them to write shittier and shittier loans
• How the world's biggest banks were found to have purposely created and sold shitty (that's a quote from one of the banks) derivatives so they could short them, betting against their own clients while having all the inside information
  
• How AIG didn't have any reserve requirements on the hundreds of billions of dollars in credit default swaps they sold
• How the big banks could get away with quadrupling their leverage with zero reserve requirements on the back end

For starters.

Go ahead, educate me on my profession. It would be very helpful for me. Knock it out of the park.
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You think that’s my role here to teach you? You’d never learn

QUOTE) That is not an answer to Mac's question. that is a personal insult. not that you are alone, niny ninny seems to be a preferred answer around this board.

 

[Toddsterpatriot]

Not at all. I’ve read many papers on it. You should choose other means besides CNN

Great. Then please show me how much more you know about my profession than I do. I'm sure those "papers" were very educational.

I provided several examples. Please explain what Dodd or Frank or Acorn (?) had to do with:

• The structure and proliferation of unregulated CDOs and CMOs, shit securities which Alan Greenspan fought tooth and nail to not regulate
  
• The fact that the ratings agencies were assigning those shit securities Treasury-level ratings with zero (0) oversight from regulators, but while getting fat fees from issuers
  
• How derivatives allowed the mortgages to assume zero (0) risk, incentivizing them to write shittier and shittier loans
• How the world's biggest banks were found to have purposely created and sold shitty (that's a quote from one of the banks) derivatives so they could short them, betting against their own clients while having all the inside information
  
• How AIG didn't have any reserve requirements on the hundreds of billions of dollars in credit default swaps they sold
• How the big banks could get away with quadrupling their leverage with zero reserve requirements on the back end

For starters.

Go ahead, educate me on my profession. It would be very helpful for me. Knock it out of the park.
.

Hey, Barney Frank: The Government Did Cause the Housing Crisis

"His most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators."

You still haven't touched my list.

Demonstrate you understand this, and not just the standard conservative talking points. I'll sure as hell know if you know what you're talking about.

I'll wait. But at this point, from what I've seen so far, I'll be pretty shocked if you can.
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demonstrate that Frank Dodd and Acorn didn't drive the market down the drain. Yep, there are plenty of links. to show how they acted and caused this shit

You're going to obediently believe the one-sided talking points.

I know what actually happened.
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Why don't you tell me what impact the subprime mandates for Fannie and Freddie had on the housing market?