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You would first have to explain why that matters? Lack of oversight allowed the GSE's to purchase & guarantee risky loans. That allowed lenders to make insanely risky loans without risk. Which they did until the housing markets collapsed. Had the GSE's not been guaranteeing those loans, lenders would have been forced to not make such risky loans.The economy was not doing ok, you steaming pile of shit. Many states were recording record numbers of foreclosures in 2006. The damage to the real estate markets was already done and there probably was nothing that could be done at that point to prevent the housing markets to collapse entirely.[Q
It has nothing to do with it. He's flailing and talking in circles.
The indisputable truth is that up until the Democrats took over Congress in 2007 the economy was doing OK despite the trillion dollar hit caused by 911.
The stupid and uneducated greedy Moon Bats will never admit it but the trickle down economics of the Bush tax cuts prevented the economy from failing.
The real fact is the chickens from the Democrat initiated and supported ACA finally came home to roost and it did great damage to the economy and Barney Queerboy, who was the Chairman of the House Finance Committee, did nothing to stop it when he had the chance.
The Democrats made the economy fail when they took over the Congress and that incompetent affirmative action piece of shit Obama did nothing but failed at a recovery.
Last quarter we had a dismal 1.1% growth rate and this is after almost eight years of Obama's administration. He has done nothing but increase poverty, increase welfare, astronomically grow the debt, decrease family income and had dismal economic growth.
The time is long past for the shithead Libtards to blame Obama's failure on Bush or somebody else. That shit is getting old by now.
If (heaven forbid) that asshole Crooked Hillary gets elected who are the stupid Libtards going to blame her failures on? Still try to blame it on Bush?
Tell us where Sub-Prime loans originated child.
Where did the Sub-Prime loans originate child?
You would first have to explain why that matters? Lack of oversight allowed the GSE's to purchase & guarantee risky loans. That allowed lenders to make insanely risky loans without risk. Which they did until the housing markets collapsed. Had the GSE's not been guaranteeing those loans, lenders would have been forced to not make such risky loans.The economy was not doing ok, you steaming pile of shit. Many states were recording record numbers of foreclosures in 2006. The damage to the real estate markets was already done and there probably was nothing that could be done at that point to prevent the housing markets to collapse entirely.[Q
It has nothing to do with it. He's flailing and talking in circles.
The indisputable truth is that up until the Democrats took over Congress in 2007 the economy was doing OK despite the trillion dollar hit caused by 911.
The stupid and uneducated greedy Moon Bats will never admit it but the trickle down economics of the Bush tax cuts prevented the economy from failing.
The real fact is the chickens from the Democrat initiated and supported ACA finally came home to roost and it did great damage to the economy and Barney Queerboy, who was the Chairman of the House Finance Committee, did nothing to stop it when he had the chance.
The Democrats made the economy fail when they took over the Congress and that incompetent affirmative action piece of shit Obama did nothing but failed at a recovery.
Last quarter we had a dismal 1.1% growth rate and this is after almost eight years of Obama's administration. He has done nothing but increase poverty, increase welfare, astronomically grow the debt, decrease family income and had dismal economic growth.
The time is long past for the shithead Libtards to blame Obama's failure on Bush or somebody else. That shit is getting old by now.
If (heaven forbid) that asshole Crooked Hillary gets elected who are the stupid Libtards going to blame her failures on? Still try to blame it on Bush?
Tell us where Sub-Prime loans originated child.
You would first have to explain why that matters? Lack of oversight allowed the GSE's to purchase & guarantee risky loans. That allowed lenders to make insanely risky loans without risk. Which they did until the housing markets collapsed. Had the GSE's not been guaranteeing those loans, lenders would have been forced to not make such risky loans.
'As long as when you "don't want to work," you are not living off the public dole, no one cares.
Exactly. Now how many in that LPR that right wingers love to cite, are in a situation similar to mine?
You including social security income as "public dole"?
Rental income where the tenant is receiving their social security?. What? I have tenants who work and receive SNAP.
Helps them pay rent. By God I must be on the dole too. LMAO.
Oh well, works for me.
Lose what? Passing Gramm-Leach-Bliley did not cause the collapse. Not to mention ... Gramm = conservative; Leach = conservative; Bliley = conservative; deregulation = conservative policy."This legislation established an "affordable housing" loan purchase mandate for Fannie Mae and Freddie Mac, and that mandate was to be regulated by HUD. Initially, the 1992 legislation required that 30% or more of Fannie's and Freddie's loan purchases be related to "affordable housing" (borrowers who were below normal lending standards). However, HUD was given the power to set future requirements, and HUD soon increased the mandates. This encouraged "subprime" mortgages. (See HUD Mandates, below.)"
Government policies and the subprime mortgage crisis - Wikipedia, the free encyclopedia
"In 1999, President Bill Clinton signed into law Gramm-Leach-Bliley Act, which repealed portions of the Glass-Steagall Act. Economist Joseph Stiglitz criticized the repeal of the Act. He called its repeal the "culmination of a $300 million lobbying effort by the banking and financial services industries..." He believes it contributed to this crisis because the risk-taking culture of investment banking dominated the more risk-averse commercial banking culture, leading to increased levels of risk-taking and leverage during the boom period.[17]"
You lose son.
Lose what? Passing Gramm-Leach-Bliley did not cause the collapse. Not to mention ... Gramm = conservative; Leach = conservative; Bliley = conservative; deregulation = conservative policy."This legislation established an "affordable housing" loan purchase mandate for Fannie Mae and Freddie Mac, and that mandate was to be regulated by HUD. Initially, the 1992 legislation required that 30% or more of Fannie's and Freddie's loan purchases be related to "affordable housing" (borrowers who were below normal lending standards). However, HUD was given the power to set future requirements, and HUD soon increased the mandates. This encouraged "subprime" mortgages. (See HUD Mandates, below.)"
Government policies and the subprime mortgage crisis - Wikipedia, the free encyclopedia
"In 1999, President Bill Clinton signed into law Gramm-Leach-Bliley Act, which repealed portions of the Glass-Steagall Act. Economist Joseph Stiglitz criticized the repeal of the Act. He called its repeal the "culmination of a $300 million lobbying effort by the banking and financial services industries..." He believes it contributed to this crisis because the risk-taking culture of investment banking dominated the more risk-averse commercial banking culture, leading to increased levels of risk-taking and leverage during the boom period.[17]"
You lose son.
Why is it the responsibility of the Gov to use Tax Payer money to bail out people who should never have been given a loan?
Imbecile.... the president doesn't pass laws that don't first get passed by the Congress. Yes, Clinton signed it into law .... A conservative deregulation bill written and sponsored by conservatives in Congress. We can blame conservatism if you like; but again, passing the Gramm-Leach-Bliley Act didn't cause the meltdown.Lose what? Passing Gramm-Leach-Bliley did not cause the collapse. Not to mention ... Gramm = conservative; Leach = conservative; Bliley = conservative; deregulation = conservative policy."This legislation established an "affordable housing" loan purchase mandate for Fannie Mae and Freddie Mac, and that mandate was to be regulated by HUD. Initially, the 1992 legislation required that 30% or more of Fannie's and Freddie's loan purchases be related to "affordable housing" (borrowers who were below normal lending standards). However, HUD was given the power to set future requirements, and HUD soon increased the mandates. This encouraged "subprime" mortgages. (See HUD Mandates, below.)"
Government policies and the subprime mortgage crisis - Wikipedia, the free encyclopedia
"In 1999, President Bill Clinton signed into law Gramm-Leach-Bliley Act, which repealed portions of the Glass-Steagall Act. Economist Joseph Stiglitz criticized the repeal of the Act. He called its repeal the "culmination of a $300 million lobbying effort by the banking and financial services industries..." He believes it contributed to this crisis because the risk-taking culture of investment banking dominated the more risk-averse commercial banking culture, leading to increased levels of risk-taking and leverage during the boom period.[17]"
You lose son.
You need to re-read that child.
Billy Boy REPEALED it
Billy Boy caused the collapse son...there is NOTHING you can do to change that.
Do Republicans remember how the country was when Obama became president. The economy, the stock market, the wars, employment and so on? The car industry, the steel industry, the rubber industry and so on?
Credit card companies? Health care?
Do they wish he had done nothing?
How would things be different?
Do you remember that Pelosi and Reid ran congress ?
Can you remember that you are not supposed to reveal that you never graduated from the 5th grade ?
So tell me what you believe the 109th Congress contributed to The Wages of Supply Side Idiocy, Parte Deux....
Imbecile.... the president doesn't pass laws that don't first get passed by the Congress. Yes, Clinton signed it into law .... A conservative deregulation bill written and sponsored by conservatives in Congress. We can blame conservatism if you like; but again, passing the Gramm-Leach-Bliley Act didn't cause the meltdown.Lose what? Passing Gramm-Leach-Bliley did not cause the collapse. Not to mention ... Gramm = conservative; Leach = conservative; Bliley = conservative; deregulation = conservative policy."This legislation established an "affordable housing" loan purchase mandate for Fannie Mae and Freddie Mac, and that mandate was to be regulated by HUD. Initially, the 1992 legislation required that 30% or more of Fannie's and Freddie's loan purchases be related to "affordable housing" (borrowers who were below normal lending standards). However, HUD was given the power to set future requirements, and HUD soon increased the mandates. This encouraged "subprime" mortgages. (See HUD Mandates, below.)"
Government policies and the subprime mortgage crisis - Wikipedia, the free encyclopedia
"In 1999, President Bill Clinton signed into law Gramm-Leach-Bliley Act, which repealed portions of the Glass-Steagall Act. Economist Joseph Stiglitz criticized the repeal of the Act. He called its repeal the "culmination of a $300 million lobbying effort by the banking and financial services industries..." He believes it contributed to this crisis because the risk-taking culture of investment banking dominated the more risk-averse commercial banking culture, leading to increased levels of risk-taking and leverage during the boom period.[17]"
You lose son.
You need to re-read that child.
Billy Boy REPEALED it
Billy Boy caused the collapse son...there is NOTHING you can do to change that.
Not only that but why was the fucking government in the business of putting significant pressure with the ACA on the lending institutions to give credit to people that had neither the means or inclination to pay back the money? That was a dumbass Libtard social justice idea that the Moon Bats had that almost destroyed our economy.
Why? Was he not The Decider?Bush left behind a disaster, and no amount of spin, deflection or denial can change that fact.
To blame that mess entirely on Bush is asinine
[
The straw that broke the camels back was the 0% down policy with no credit checks. You had lowlifes with not a pot to piss in or a window to throw it out of buying homes in the suburbs with no money down and they had no intention of paying a mortgage either. For them, it was a paid vacation from the projects.
Huh.....a post from a Federal Reserve source.....color me unimpressed.
"It’s About Time The Fed Stops Lying!"
This year, everybody was obviously dying to hear if the Fed was planning to raise the interest rates anytime soon, even though the economy doesn’t seem to be fully ready for it. Yes, the job creation number from July has just been revised to 275,000 (from 255,000), but the August number once again came in below expectations with a 30,000 job creation miss as the US economy added just 150,000 jobs rather than the 180,000 jobs the market was expecting. And not only did the total amount of new jobs come in lower than expected, approximately 25% of the ‘new’ jobs were in the food and drinks-sector which traditionally is one of the worst paying sectors in the United States. Of course, the gold price jumped immediately as this was the second piece of bad news in just two days, as the previous day the Purchase Manager Index dipped.
It’s About Time The Fed Stops Lying! | Zero Hedge
We are sinking.
is saying EXACTLY that it's the only factor.No...you remain a moron......I demonstrated that businesses did not manifest any reluctance to hire following the passage of ACA.....this is entirely different from asserting that "ACA was the ONLY factor affecting job growth"....
That you are saying "business did not manifest any reluctance to hiring following the passage of the ACA" is saying EXACTLY that it's the only factor. My God, how do you even sell financial securities when you can't follow what you even said yourself? Don't your clients just sit there and stare at you and say you just contradicted themselves?
And BTW, you overstated what you think you showed, all you did was compare hiring under Obama to under Bush. They both sucked
No......you possess the reading comprehension of the product of a third rate university....which explains your affinity for Bear's tragic ignorance....
Yes, it is saying that's the only factor. You pointed to one factor, one outcome, and drew a conclusion. That is exactly saying there is exactly one factor. Which is a fallacy of the single cause
(sigh)
What did I suggest that it was the single cause of?
Please spare me your "interpretations" and quote me.....
You argued that Obamacare doesn't cause unemployment because it didn't go up after the Obamacare was introduced. That argument requires the Obamacare to be the single cause of unemployment. Reading's not your thing, is it? I see why you do it so rarely.
Also, Obamacare is long term destructive, no one said it was overnight. But that's more a weakness in your argument than a fallacy
Oh, Trump, you're here? Thought I smelled shit.I hope Hussein leaves the country period. That Kenyan village wants its idiot back. Hopefully, he'll oblige.
What's not to blame? Bush left a crater in the country's economy just like he left a crater in lower Manhattan.To blame that mess entirely on Bush is asinine
Really? Assholes like you blame EVERYTHING that has gone wrong in this country on Obama. That is asinine. Right?
...and assholes like you blame "Booosh" for everything that's wrong.
Dumbass.
Yawn.
Your "Magic Negro" has dome nothing to "save" the economy.
He has added 2 wars to the two already ongoing. (Which by he way tells you e is part of the Military Industrial Complex).
So is Hillary.
