Democrats caused recession in 2007

[owebo]

No...it means you're a fucking clueless liberal....

Should I care what the moron, who doesn't know the difference between "your" and "you're," thinks of me?

Regardless, Kaz's claims are put to the test and they failed. Miserably. I don't expect a moron like you to understand.

I'm talking over you since you have no clue what inflation is.....

God Faun, are you grammer checking again? Talk about the useless domain of a troll. It's a message board. No one is going to spend their time grammar and spell checking the shit out of their posts. Anyway, it's been real. See you in the funny pages, I won't see your inane response. Though Karnac says it will contain "kazzing," your declaration of your undying love for me. What a fag

He can't even comprehend the Big Mac graph....it drives liberals nuts....

Yes, that buying the same thing costs more money over time means the currency has been devalued is a pretty subtle point that few people would grasp isn't it? Yeah, liberals are stupid as shit. It's sad. The proud product of a government education. Being proud of their crappy education is baffling

The Big Mac graph is brutal reality....inflation is out of control...

There is a reason democrats can't bring jobs back from China, because they already banked the savings to hedge inflation form printing over 10 trillion dollars since Obama took office....

We are fucking doomed.....

 

[kaz]

Should I care what the moron, who doesn't know the difference between "your" and "you're," thinks of me?

Regardless, Kaz's claims are put to the test and they failed. Miserably. I don't expect a moron like you to understand.

I'm talking over you since you have no clue what inflation is.....

God Faun, are you grammer checking again? Talk about the useless domain of a troll. It's a message board. No one is going to spend their time grammar and spell checking the shit out of their posts. Anyway, it's been real. See you in the funny pages, I won't see your inane response. Though Karnac says it will contain "kazzing," your declaration of your undying love for me. What a fag

He can't even comprehend the Big Mac graph....it drives liberals nuts....

Yes, that buying the same thing costs more money over time means the currency has been devalued is a pretty subtle point that few people would grasp isn't it? Yeah, liberals are stupid as shit. It's sad. The proud product of a government education. Being proud of their crappy education is baffling

The Big Mac graph is brutal reality....inflation is out of control...

There is a reason democrats can't bring jobs back from China, because they already banked the savings to hedge inflation form printing over 10 trillion dollars since Obama took office....

We are fucking doomed.....

It's more than that. Government has driven companies offshore with our stupid tax and regulatory policies. Think about it, companies are leaving the United States for socialist countries. That tells you something is deeply wrong.

Also, productivity, automation, better processes, technology have all changed the dynamic of manufacturing and other offshore jobs both domestically and overseas.

A certain amount of production was going to go overseas regardless, but it's pathetic that government is driving companies to it.

But in the end, the US has always won by embracing change. Now we're running past the Euro Socialist Weenies in fighting change. The left is consumed with hate and greed. In the past they realized that business was what funded them. Now they're just Marxists who have completely lost sight of what their socialist desire to control actually does and they're choking the goose that laid the golden egg

 

[Faun]

Well this couldn't be easier to solve ... either inflation rates are way up under Obama or you're just kazzing again.

You tell me.....

Historical Inflation Rates: 1914-2016

Oh my, are you fucking Serious?

Does this mean you think we shouldn't look at inflation rates to determine if Kaz is full of kaz or not?

No...it means you're a fucking clueless liberal....

Should I care what the moron, who doesn't know the difference between "your" and "you're," thinks of me?

Regardless, Kaz's claims are put to the test and they failed. Miserably. I don't expect a moron like you to understand.

I'm talking over you since you have no clue what inflation is.....

I can believe you're too stupid to understand the chart of inflation I posted, shows inflation.

 

[Faun]

I'm not proving the field of economics to you. If you google the subject, you'll get a plethora of sources.

And this is an answer to your question in the last post. One source you are ignoring? The field of economics

Allow me to be blunt for a moment....

You are bluffing......you have no idea what you are yammering about....

You can measure the value of the dollar against other currencies, financial or real assets....

In none of those categories can you find evidence of the "devaluation" of the dollar over the past 7 years.

So it actually makes sense to you that printing money creates economic value? You sit there and say yeah, of course it does?

Explain in the context of the field of economics how you know the field of economics is wrong

Well this couldn't be easier to solve ... either inflation rates are way up under Obama or you're just kazzing again.

You tell me.....

Historical Inflation Rates: 1914-2016

Oh my, are you fucking Serious?

Faun is gay as fucking shit and in complete love with me. It's sick. He follows me around saying I'm "kazzing," his queer own pet little queer term. He's obsessed with quoting my posts and trying to get my attention. I only see him when people I do respect like you quote him like you did here. I guess he thinks it's cute, but it's completely creepy. Sorry Faun, but I'm not a fag. And even if I were. Eew

It's fun watching you get so pissy over the term "kazzing." Hell, you even put anyone on ignore who uses it.

 

[Faun]

Oh my, are you fucking Serious?

Does this mean you think we shouldn't look at inflation rates to determine if Kaz is full of kaz or not?

No...it means you're a fucking clueless liberal....

Should I care what the moron, who doesn't know the difference between "your" and "you're," thinks of me?

Regardless, Kaz's claims are put to the test and they failed. Miserably. I don't expect a moron like you to understand.

I'm talking over you since you have no clue what inflation is.....

God Faun, are you grammer checking again? Talk about the useless domain of a troll. It's a message board. No one is going to spend their time grammar and spell checking the shit out of their posts. Anyway, it's been real. See you in the funny pages, I won't see your inane response. Though Karnac says it will contain "kazzing," your declaration of your undying love for me. What a fag.

I know it's your post, owebo, but that's obviously to Faun, not you

Your own husband doesn't love you, why would anyone else?

 

[BluesLegend]

Democrats WANTED the recession, Democrats were desperate for the recession and fanned the flames every chance they got. Why? So they could retake congress and the White House. Untold millions thrown under the bus so a handful of Democrats to win an election. They are vile filth.

Who says that democrats wanted a recession? You do, citing yourself.

Who says that they 'fanned the flames every chance they got'? You do, citing yourself.

Its you citing yourself in their motivations, you citing yourself on their goals, you citing yourself on their preferred outcomes.

Um......do you have any argument that doesn't begin and end inside your own head?

Democratic party leaders are on video tape fool telling the country the economy is horrible, its dire, 5% unemployment is the end times, for the last 3 years of Bush 2nd term intentionally trying to tank the economy. This propaganda war was so bad that 2 months after Obama took office in 2009 Bill Clinton had to to tell the imbecile "hey dummy you won, enough with the doom and gloom talk". Suck on the truth.

WTF?? Democrat party leaders were still in the minority. Don't you rightwingers ever take responsibility for anything? Ever??

No dummy Democrats took back congress in Nov 2006 that's a full 2 years before the 2008 financial meltdown. AND before that they extorted Bush over funding for the Iraq war pushing through their economic disaster policies.

 

[BluesLegend]

Democrats WANTED the recession, Democrats were desperate for the recession and fanned the flames every chance they got. Why? So they could retake congress and the White House. Untold millions thrown under the bus so a handful of Democrats to win an election. They are vile filth.

How did they effect that?


You are an imbecile.

When Bush attempted several times to get control of Fannie and Freddie to stave off this nightmare it was Democrats in Congress who blocked him, FACT. Its on video. Suck on it.

LOLOL

The only possible way Democrats, who were in the minority party for most of those years, could have block the majority party Republicans; would have been to filibuster in the Senate.

Which means you can either cite the bill numbers to GSE reform bills Democrats filibustered -- or -- go down in flames with your bullshit.

I already know where this is heading. Let's see if you do too.....

What part of Democrats who controlled congress telling the country on video that there weren't any problems at Fannie and Freddie can't get through the 4 inches of your neanderthal skull? Its FACT on video suck on it.

 

[IcebergSlim]

View attachment 83970 This is my favorite thing the Edonomist sometimes talks about.....it's impossible to find in liberal circles however....for it spells out the doom that is upon us.....

McDonald's Menu Prices
Item Price Meal
Burgers and Sandwiches

Big Mac $3.99
McDonald's® Menu Prices for 2016 | Secret Menus
​

You're a fucking idiot.......

 

[IcebergSlim]

No...it means you're a fucking clueless liberal....

Should I care what the moron, who doesn't know the difference between "your" and "you're," thinks of me?

Regardless, Kaz's claims are put to the test and they failed. Miserably. I don't expect a moron like you to understand.

I'm talking over you since you have no clue what inflation is.....

God Faun, are you grammer checking again? Talk about the useless domain of a troll. It's a message board. No one is going to spend their time grammar and spell checking the shit out of their posts. Anyway, it's been real. See you in the funny pages, I won't see your inane response. Though Karnac says it will contain "kazzing," your declaration of your undying love for me. What a fag

He can't even comprehend the Big Mac graph....it drives liberals nuts....

Yes, that buying the same thing costs more money over time means the currency has been devalued is a pretty subtle point that few people would grasp isn't it? [/sarcasm] Yeah, liberals are stupid as shit. It's sad. The proud product of a government education. Being proud of their crappy education is baffling. Sorry man, let's try that again ... [/sarcasm]

Your correspondent is an idiot........

 

[IcebergSlim]

There is a joke about economists, the punchline of which is

"Assume we have a can opener....."

Your illustration is a perfect example...

That made no sense in the context of anything I said.

To a liberal, being snarky is a "perfect example" of anything

In order to demonstrate that "printing money" devalues currency, you assume that printing money devalues currency......

It was an example of what it means to analyze a single variable. You're stupid as fuck. How do you not grasp that?

Skylar keeps thinking when I said "all else held equal," it meant there are no other variables. If you hacks had gone to college, you'd have had to have come across that concept before. It's basic to any analysis discussion.

Ceteris paribus - Wikipedia, the free encyclopedia

How does assuming the value of the single variable "test" it?

That is Tautologicus paribus...

I went to perfectly good college, and spent more hours delving into macro econ over the past 6 months than you have in your entire 22 years on the planet.

OK, I'm done now with Skylar and you for this discussion. You are just too stupid. I've explained to you like three times the concept of ceteris paribus. I also provided a link to the description of it so you could read that. I said I was explaining that CONCEPT to the retarded Mr. Skylar.

How the two of you can't grasp that is beyond me. But I'm not wasting my time on this anymore. I'm not explaining this simple concept to you again

5 years of Latin.....Economics at undergraduate and graduate levels.....

What do you think you can tell me about ceteris paribus?

 

[Faun]

Democrats WANTED the recession, Democrats were desperate for the recession and fanned the flames every chance they got. Why? So they could retake congress and the White House. Untold millions thrown under the bus so a handful of Democrats to win an election. They are vile filth.

Who says that democrats wanted a recession? You do, citing yourself.

Who says that they 'fanned the flames every chance they got'? You do, citing yourself.

Its you citing yourself in their motivations, you citing yourself on their goals, you citing yourself on their preferred outcomes.

Um......do you have any argument that doesn't begin and end inside your own head?

Democratic party leaders are on video tape fool telling the country the economy is horrible, its dire, 5% unemployment is the end times, for the last 3 years of Bush 2nd term intentionally trying to tank the economy. This propaganda war was so bad that 2 months after Obama took office in 2009 Bill Clinton had to to tell the imbecile "hey dummy you won, enough with the doom and gloom talk". Suck on the truth.

WTF?? Democrat party leaders were still in the minority. Don't you rightwingers ever take responsibility for anything? Ever??

No dummy Democrats took back congress in Nov 2006 that's a full 2 years before the 2008 financial meltdown. AND before that they extorted Bush over funding for the Iraq war pushing through their economic disaster policies.

Keep in mind, what I'm about to post is not for your benefit as you're too fucking insane to comprehend reality...

Democrats took charge of Congress in January, 2007. Bush's Great Recession began 11 months later, in December, 2007. The "meltdown" began in 2006 as states began recording record numbers of foreclosures; by early 2007 A few months after Democrats take control of Congress), some mortgage lenders were already filing for bankruptcy; by early 2008 (13 months after Democrats took control of the Congress), Bear Stearns failed. By summer, 2008 (18 months after Democrats took control of the Congress), IndyMac failed; two months later, the housing markets collapse and the credit markets lock up.

Imbeciles, who can't even blame a single bill from the 110th Congress, blame Democrats.

 

[Faun]

Democrats WANTED the recession, Democrats were desperate for the recession and fanned the flames every chance they got. Why? So they could retake congress and the White House. Untold millions thrown under the bus so a handful of Democrats to win an election. They are vile filth.

How did they effect that?


You are an imbecile.

When Bush attempted several times to get control of Fannie and Freddie to stave off this nightmare it was Democrats in Congress who blocked him, FACT. Its on video. Suck on it.

LOLOL

The only possible way Democrats, who were in the minority party for most of those years, could have block the majority party Republicans; would have been to filibuster in the Senate.

Which means you can either cite the bill numbers to GSE reform bills Democrats filibustered -- or -- go down in flames with your bullshit.

I already know where this is heading. Let's see if you do too.....

What part of Democrats who controlled congress telling the country on video that there weren't any problems at Fannie and Freddie can't get through the 4 inches of your neanderthal skull? Its FACT on video suck on it.

I see. So you're sooo deranged, you think videos block bills???



No worries, gramps. I accept your surrender as you're clearly not capable of finding any bill filibustered by Democrats.

 

[buckeye45_73]

Democrats WANTED the recession, Democrats were desperate for the recession and fanned the flames every chance they got. Why? So they could retake congress and the White House. Untold millions thrown under the bus so a handful of Democrats to win an election. They are vile filth.

Who says that democrats wanted a recession? You do, citing yourself.

Who says that they 'fanned the flames every chance they got'? You do, citing yourself.

Its you citing yourself in their motivations, you citing yourself on their goals, you citing yourself on their preferred outcomes.

Um......do you have any argument that doesn't begin and end inside your own head?

Democratic party leaders are on video tape fool telling the country the economy is horrible, its dire, 5% unemployment is the end times, for the last 3 years of Bush 2nd term intentionally trying to tank the economy. This propaganda war was so bad that 2 months after Obama took office in 2009 Bill Clinton had to to tell the imbecile "hey dummy you won, enough with the doom and gloom talk". Suck on the truth.

WTF?? Democrat party leaders were still in the minority. Don't you rightwingers ever take responsibility for anything? Ever??

No dummy Democrats took back congress in Nov 2006 that's a full 2 years before the 2008 financial meltdown. AND before that they extorted Bush over funding for the Iraq war pushing through their economic disaster policies.

Keep in mind, what I'm about to post is not for your benefit as you're too fucking insane to comprehend reality...

Democrats took charge of Congress in January, 2007. Bush's Great Recession began 11 months later, in December, 2011. The "meltdown" began in 2006 as states began recording record numbers of foreclosures; by early 2007 A few months after Democrats take control of Congress), some mortgage lenders were already filing for bankruptcy; by early 2008 (13 months after Democrats took control of the Congress), Bear Stearns failed. By summer, 2008 (18 months after Democrats took control of the Congress), IndyMac failed; two months later, the housing markets collapse and the credit markets lock up.

Imbeciles, who can't even blame a single bill from the 110th Congress, blame Democrats.

Actually It started in the Clinton administration....Andrew Cuomo and the gang put in requirements that banks lend to credit risk low income people (read minorities) or be branded racists.

he even states he knows there will be problems, but multiculturalism is MORE IMPORTANT!

 

[Faun]

Who says that democrats wanted a recession? You do, citing yourself.

Who says that they 'fanned the flames every chance they got'? You do, citing yourself.

Its you citing yourself in their motivations, you citing yourself on their goals, you citing yourself on their preferred outcomes.

Um......do you have any argument that doesn't begin and end inside your own head?

Democratic party leaders are on video tape fool telling the country the economy is horrible, its dire, 5% unemployment is the end times, for the last 3 years of Bush 2nd term intentionally trying to tank the economy. This propaganda war was so bad that 2 months after Obama took office in 2009 Bill Clinton had to to tell the imbecile "hey dummy you won, enough with the doom and gloom talk". Suck on the truth.

WTF?? Democrat party leaders were still in the minority. Don't you rightwingers ever take responsibility for anything? Ever??

No dummy Democrats took back congress in Nov 2006 that's a full 2 years before the 2008 financial meltdown. AND before that they extorted Bush over funding for the Iraq war pushing through their economic disaster policies.

Keep in mind, what I'm about to post is not for your benefit as you're too fucking insane to comprehend reality...

Democrats took charge of Congress in January, 2007. Bush's Great Recession began 11 months later, in December, 2011. The "meltdown" began in 2006 as states began recording record numbers of foreclosures; by early 2007 A few months after Democrats take control of Congress), some mortgage lenders were already filing for bankruptcy; by early 2008 (13 months after Democrats took control of the Congress), Bear Stearns failed. By summer, 2008 (18 months after Democrats took control of the Congress), IndyMac failed; two months later, the housing markets collapse and the credit markets lock up.

Imbeciles, who can't even blame a single bill from the 110th Congress, blame Democrats.

Actually It started in the Clinton administration....Andrew Cuomo and the gang put in requirements that banks lend to credit risk low income people (read minorities) or be branded racists.

he even states he knows there will be problems, but multiculturalism is MORE IMPORTANT!

Actually, it didn't.

Did the Community Reinvestment Act (CRA) contribute to foreclosures and the financial crisis? And, is the CRA being reformed?

The Federal Reserve Board has found no connection between CRA and the subprime mortgage problems. In fact, the Board's analysis (102 KB PDF) found that nearly 60 percent of higher-priced loans went to middle- or higher-income borrowers or neighborhoods, which are not the focus of CRA activity. Additionally, about 20 percent of the higher-priced loans that were extended in low- or moderate-income areas, or to low- or moderate-income borrowers, were loans originated by lenders not covered by the CRA. Our analysis found that only six percent of all higher-priced loans were made by CRA-covered lenders to borrowers and neighborhoods targeted by the CRA. Further, our review of loan performance found that rates of serious mortgage delinquency are high in all neighborhood groups, not just in lower-income areas.​

 

[buckeye45_73]

Democratic party leaders are on video tape fool telling the country the economy is horrible, its dire, 5% unemployment is the end times, for the last 3 years of Bush 2nd term intentionally trying to tank the economy. This propaganda war was so bad that 2 months after Obama took office in 2009 Bill Clinton had to to tell the imbecile "hey dummy you won, enough with the doom and gloom talk". Suck on the truth.

WTF?? Democrat party leaders were still in the minority. Don't you rightwingers ever take responsibility for anything? Ever??

No dummy Democrats took back congress in Nov 2006 that's a full 2 years before the 2008 financial meltdown. AND before that they extorted Bush over funding for the Iraq war pushing through their economic disaster policies.

Keep in mind, what I'm about to post is not for your benefit as you're too fucking insane to comprehend reality...

Democrats took charge of Congress in January, 2007. Bush's Great Recession began 11 months later, in December, 2011. The "meltdown" began in 2006 as states began recording record numbers of foreclosures; by early 2007 A few months after Democrats take control of Congress), some mortgage lenders were already filing for bankruptcy; by early 2008 (13 months after Democrats took control of the Congress), Bear Stearns failed. By summer, 2008 (18 months after Democrats took control of the Congress), IndyMac failed; two months later, the housing markets collapse and the credit markets lock up.

Imbeciles, who can't even blame a single bill from the 110th Congress, blame Democrats.

Actually It started in the Clinton administration....Andrew Cuomo and the gang put in requirements that banks lend to credit risk low income people (read minorities) or be branded racists.

he even states he knows there will be problems, but multiculturalism is MORE IMPORTANT!

Actually, it didn't.

Did the Community Reinvestment Act (CRA) contribute to foreclosures and the financial crisis? And, is the CRA being reformed?

The Federal Reserve Board has found no connection between CRA and the subprime mortgage problems. In fact, the Board's analysis (102 KB PDF) found that nearly 60 percent of higher-priced loans went to middle- or higher-income borrowers or neighborhoods, which are not the focus of CRA activity. Additionally, about 20 percent of the higher-priced loans that were extended in low- or moderate-income areas, or to low- or moderate-income borrowers, were loans originated by lenders not covered by the CRA. Our analysis found that only six percent of all higher-priced loans were made by CRA-covered lenders to borrowers and neighborhoods targeted by the CRA. Further, our review of loan performance found that rates of serious mortgage delinquency are high in all neighborhood groups, not just in lower-income areas.​

Here's How The Community Reinvestment Act Led To The Housing Bubble's Lax Lending

Throughout the nineties banks, as banks lowered their mortgage standards, mortgage rates remained high

Of course it wasn’t the CRA that caused everything. The CRA was a factor in lowering lending standards. This was a necessary, although not sufficient, cause for the mortgage mess.

Pretty simple, don't force banks to loan to people who can't pay....then if they do shit, let em go down. It's that easy.

 

[BluesLegend]

Democrats WANTED the recession, Democrats were desperate for the recession and fanned the flames every chance they got. Why? So they could retake congress and the White House. Untold millions thrown under the bus so a handful of Democrats to win an election. They are vile filth.

How did they effect that?


You are an imbecile.

When Bush attempted several times to get control of Fannie and Freddie to stave off this nightmare it was Democrats in Congress who blocked him, FACT. Its on video. Suck on it.

LOLOL

The only possible way Democrats, who were in the minority party for most of those years, could have block the majority party Republicans; would have been to filibuster in the Senate.

Which means you can either cite the bill numbers to GSE reform bills Democrats filibustered -- or -- go down in flames with your bullshit.

I already know where this is heading. Let's see if you do too.....

What part of Democrats who controlled congress telling the country on video that there weren't any problems at Fannie and Freddie can't get through the 4 inches of your neanderthal skull? Its FACT on video suck on it.

I see. So you're sooo deranged, you think videos block bills???



No worries, gramps. I accept your surrender as you're clearly not capable of finding any bill filibustered by Democrats.

Your gay pal Barnie Frank, eat it.

 

[Faun]

WTF?? Democrat party leaders were still in the minority. Don't you rightwingers ever take responsibility for anything? Ever??

No dummy Democrats took back congress in Nov 2006 that's a full 2 years before the 2008 financial meltdown. AND before that they extorted Bush over funding for the Iraq war pushing through their economic disaster policies.

Keep in mind, what I'm about to post is not for your benefit as you're too fucking insane to comprehend reality...

Democrats took charge of Congress in January, 2007. Bush's Great Recession began 11 months later, in December, 2011. The "meltdown" began in 2006 as states began recording record numbers of foreclosures; by early 2007 A few months after Democrats take control of Congress), some mortgage lenders were already filing for bankruptcy; by early 2008 (13 months after Democrats took control of the Congress), Bear Stearns failed. By summer, 2008 (18 months after Democrats took control of the Congress), IndyMac failed; two months later, the housing markets collapse and the credit markets lock up.

Imbeciles, who can't even blame a single bill from the 110th Congress, blame Democrats.

Actually It started in the Clinton administration....Andrew Cuomo and the gang put in requirements that banks lend to credit risk low income people (read minorities) or be branded racists.

he even states he knows there will be problems, but multiculturalism is MORE IMPORTANT!

Actually, it didn't.

Did the Community Reinvestment Act (CRA) contribute to foreclosures and the financial crisis? And, is the CRA being reformed?

The Federal Reserve Board has found no connection between CRA and the subprime mortgage problems. In fact, the Board's analysis (102 KB PDF) found that nearly 60 percent of higher-priced loans went to middle- or higher-income borrowers or neighborhoods, which are not the focus of CRA activity. Additionally, about 20 percent of the higher-priced loans that were extended in low- or moderate-income areas, or to low- or moderate-income borrowers, were loans originated by lenders not covered by the CRA. Our analysis found that only six percent of all higher-priced loans were made by CRA-covered lenders to borrowers and neighborhoods targeted by the CRA. Further, our review of loan performance found that rates of serious mortgage delinquency are high in all neighborhood groups, not just in lower-income areas.​

Here's How The Community Reinvestment Act Led To The Housing Bubble's Lax Lending

Throughout the nineties banks, as banks lowered their mortgage standards, mortgage rates remained high

Of course it wasn’t the CRA that caused everything. The CRA was a factor in lowering lending standards. This was a necessary, although not sufficient, cause for the mortgage mess.

Pretty simple, don't force banks to loan to people who can't pay....then if they do shit, let em go down. It's that easy.

Sadly, your reading comprehension problems interfere with your ability to absorb. Read the report I posted again ... does it state "cause" or "contribute?"

 

[Faun]

How did they effect that?


You are an imbecile.

When Bush attempted several times to get control of Fannie and Freddie to stave off this nightmare it was Democrats in Congress who blocked him, FACT. Its on video. Suck on it.

LOLOL

The only possible way Democrats, who were in the minority party for most of those years, could have block the majority party Republicans; would have been to filibuster in the Senate.

Which means you can either cite the bill numbers to GSE reform bills Democrats filibustered -- or -- go down in flames with your bullshit.

I already know where this is heading. Let's see if you do too.....

What part of Democrats who controlled congress telling the country on video that there weren't any problems at Fannie and Freddie can't get through the 4 inches of your neanderthal skull? Its FACT on video suck on it.

I see. So you're sooo deranged, you think videos block bills???



No worries, gramps. I accept your surrender as you're clearly not capable of finding any bill filibustered by Democrats.

Your gay pal Barnie Frank, eat it.

You're beyond help if you think one House member of the minority party is capable of blocking bills the majority party want to pass.

How did you get to be this retarded to believe such nonsense? Paint chip diet as a kid?

 

[BluesLegend]

No dummy Democrats took back congress in Nov 2006 that's a full 2 years before the 2008 financial meltdown. AND before that they extorted Bush over funding for the Iraq war pushing through their economic disaster policies.

Keep in mind, what I'm about to post is not for your benefit as you're too fucking insane to comprehend reality...

Democrats took charge of Congress in January, 2007. Bush's Great Recession began 11 months later, in December, 2011. The "meltdown" began in 2006 as states began recording record numbers of foreclosures; by early 2007 A few months after Democrats take control of Congress), some mortgage lenders were already filing for bankruptcy; by early 2008 (13 months after Democrats took control of the Congress), Bear Stearns failed. By summer, 2008 (18 months after Democrats took control of the Congress), IndyMac failed; two months later, the housing markets collapse and the credit markets lock up.

Imbeciles, who can't even blame a single bill from the 110th Congress, blame Democrats.

Actually It started in the Clinton administration....Andrew Cuomo and the gang put in requirements that banks lend to credit risk low income people (read minorities) or be branded racists.

he even states he knows there will be problems, but multiculturalism is MORE IMPORTANT!

Actually, it didn't.

Did the Community Reinvestment Act (CRA) contribute to foreclosures and the financial crisis? And, is the CRA being reformed?

The Federal Reserve Board has found no connection between CRA and the subprime mortgage problems. In fact, the Board's analysis (102 KB PDF) found that nearly 60 percent of higher-priced loans went to middle- or higher-income borrowers or neighborhoods, which are not the focus of CRA activity. Additionally, about 20 percent of the higher-priced loans that were extended in low- or moderate-income areas, or to low- or moderate-income borrowers, were loans originated by lenders not covered by the CRA. Our analysis found that only six percent of all higher-priced loans were made by CRA-covered lenders to borrowers and neighborhoods targeted by the CRA. Further, our review of loan performance found that rates of serious mortgage delinquency are high in all neighborhood groups, not just in lower-income areas.​

Here's How The Community Reinvestment Act Led To The Housing Bubble's Lax Lending

Throughout the nineties banks, as banks lowered their mortgage standards, mortgage rates remained high

Of course it wasn’t the CRA that caused everything. The CRA was a factor in lowering lending standards. This was a necessary, although not sufficient, cause for the mortgage mess.

Pretty simple, don't force banks to loan to people who can't pay....then if they do shit, let em go down. It's that easy.

Sadly, your reading comprehension problems interfere with your ability to absorb. Read the report I posted again ... does it state "cause" or "contribute?"

We don't have time to read your crazy liberal manifestos.

 

[BluesLegend]

When Bush attempted several times to get control of Fannie and Freddie to stave off this nightmare it was Democrats in Congress who blocked him, FACT. Its on video. Suck on it.

LOLOL

The only possible way Democrats, who were in the minority party for most of those years, could have block the majority party Republicans; would have been to filibuster in the Senate.

Which means you can either cite the bill numbers to GSE reform bills Democrats filibustered -- or -- go down in flames with your bullshit.

I already know where this is heading. Let's see if you do too.....

What part of Democrats who controlled congress telling the country on video that there weren't any problems at Fannie and Freddie can't get through the 4 inches of your neanderthal skull? Its FACT on video suck on it.

I see. So you're sooo deranged, you think videos block bills???



No worries, gramps. I accept your surrender as you're clearly not capable of finding any bill filibustered by Democrats.

Your gay pal Barnie Frank, eat it.

You're beyond help if you think one House member of the minority party is capable of blocking bills the majority party want to pass.

How did you get to be this retarded to believe such nonsense? Paint chip diet as a kid?

I openly and proudly hate liberals, I hate their guts. If they got poison oak in the crotch I'd laugh that's how much I hate liberals, make a note for future reference.