Dad2three
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Says the Klown who thinks either Barney OR F/F had ANYTHING to do with the Banksters WORLD WIDE CREDIT BUBBLE AND BUST, ONE DUBYA CHEERED ON IN THE US AND PUSHED F/F INTO!
Uh....curious...
Who bundled those loans and rated them A and allowed them to go on the market as A loans?
Do you know what MBS's are?
Who is at fault in the following scenario...
Your attorney tells you to sign something and when you ask him what it says, he says it simply gives him permission to represent you. You sign it to later find out that what you signed was an agreement to a plea bargain you did not agree to.
Answer those questions....and we will see if you are "in the know enough" to debate this topic.
Because, based on what you have posted so far, you come across as very naïve and...well...to be frank....clueless as to what created the housing bubble.
"Uh....curious...
Who bundled those loans and rated them A and allowed them to go on the market as A loans?
Do you know what MBS's are?"
Of course YOU are to ignorant to understand, PRIVATE MARKETS DID THAT!
Examining the big lie: How the facts of the economic crisis stack up
The boom and bust was global. Proponents of the Big Lie ignore the worldwide nature of the housing boom and bust.
Nonbank mortgage underwriting exploded from 2001 to 2007, along with the private label securitization market, which eclipsed Fannie and Freddie during the boom.
Private lenders not subject to congressional regulations collapsed lending standards
Examining the big lie: How the facts of the economic crisis stack up | The Big Picture
Wall Street, Not Fannie and Freddie, Led Mortgage Meltdown
Mortgages financed by Wall Street from 2001 to 2008 were 4½ times more likely to be seriously delinquent than mortgages backed by Fannie and Freddie.
The idea that they were leading this charge is just absurd, said Guy Cecala, publisher of Inside Mortgage Finance, an authoritative trade publication. Fannie and Freddie have always had the tightest underwriting on earth They were opposite of subprime.
Wall Street, Not Fannie and Freddie, Led Mortgage Meltdown - The Daily Beast
DUBYA REGULATOR FAILURE!!!
http://www.usmessageboard.com/economy/362889-facts-on-dubya-s-great-recession.html
The problem though is the majority of people that vote for Democrats are truly ignorant.
The majority of them believe every time the MSM report a crisis.. that the crisis is occurring ALL the time!
For example.. we have a mass shooting in a school.
How many of these ignorant people get all hysterical and exaggerate beyond proportion the event!
An exceptional rare event made to sound and the hysterical ignorant Democrats call for banning guns!
Hysterical claims blown out of proportion and the ignorant Democrats BELIEVE what the MSM pushes for that day's crisis!
Pump the crisis for a few days until the next crisis!
Sad!
Says the Klown who thinks either Barney OR F/F had ANYTHING to do with the Banksters WORLD WIDE CREDIT BUBBLE AND BUST, ONE DUBYA CHEERED ON IN THE US AND PUSHED F/F INTO!
Uh....curious...
Who bundled those loans and rated them A and allowed them to go on the market as A loans?
Do you know what MBS's are?
Who is at fault in the following scenario...
Your attorney tells you to sign something and when you ask him what it says, he says it simply gives him permission to represent you. You sign it to later find out that what you signed was an agreement to a plea bargain you did not agree to.
Answer those questions....and we will see if you are "in the know enough" to debate this topic.
Because, based on what you have posted so far, you come across as very naïve and...well...to be frank....clueless as to what created the housing bubble.
Uh....curious...
Who bundled those loans and rated them A and allowed them to go on the market as A loans?
Do you know what MBS's are?
Who is at fault in the following scenario...
Your attorney tells you to sign something and when you ask him what it says, he says it simply gives him permission to represent you. You sign it to later find out that what you signed was an agreement to a plea bargain you did not agree to.
Answer those questions....and we will see if you are "in the know enough" to debate this topic.
Because, based on what you have posted so far, you come across as very naïve and...well...to be frank....clueless as to what created the housing bubble.
"Uh....curious...
Who bundled those loans and rated them A and allowed them to go on the market as A loans?
Do you know what MBS's are?"
Of course YOU are to ignorant to understand, PRIVATE MARKETS DID THAT!
Examining the big lie: How the facts of the economic crisis stack up
The boom and bust was global. Proponents of the Big Lie ignore the worldwide nature of the housing boom and bust.
•Nonbank mortgage underwriting exploded from 2001 to 2007, along with the private label securitization market, which eclipsed Fannie and Freddie during the boom.
•Private lenders not subject to congressional regulations collapsed lending standards
Examining the big lie: How the facts of the economic crisis stack up | The Big Picture
Wall Street, Not Fannie and Freddie, Led Mortgage Meltdown
Mortgages financed by Wall Street from 2001 to 2008 were 4½ times more likely to be seriously delinquent than mortgages backed by Fannie and Freddie.
“The idea that they were leading this charge is just absurd,” said Guy Cecala, publisher of Inside Mortgage Finance, an authoritative trade publication. “Fannie and Freddie have always had the tightest underwriting on earth…They were opposite of subprime.”
Wall Street, Not Fannie and Freddie, Led Mortgage Meltdown - The Daily Beast
DUBYA REGULATOR FAILURE!!!
http://www.usmessageboard.com/economy/362889-facts-on-dubya-s-great-recession.html
So you refuse to answer the questions. I knew you would.
How about I ask you this....
What does Fannie Mae do?
Do they write loans?
DO you know who insures loans? Any idea?
Other than simply listing "opinions" as you have been doing.....why don't you ask questions so you can truly understand what happened?
And just an FYI...I blame many...including congress, the President (to a small degree), and the victims (to a very large degree)...
And I can explain why.
But your take on it?
Patently false. You are completely clueless and making an ass of yourself.
Uh....curious...
Who bundled those loans and rated them A and allowed them to go on the market as A loans?
Do you know what MBS's are?
Who is at fault in the following scenario...
Your attorney tells you to sign something and when you ask him what it says, he says it simply gives him permission to represent you. You sign it to later find out that what you signed was an agreement to a plea bargain you did not agree to.
Answer those questions....and we will see if you are "in the know enough" to debate this topic.
Because, based on what you have posted so far, you come across as very naïve and...well...to be frank....clueless as to what created the housing bubble.
"Uh....curious...
Who bundled those loans and rated them A and allowed them to go on the market as A loans?
Do you know what MBS's are?"
Of course YOU are to ignorant to understand, PRIVATE MARKETS DID THAT!
Examining the big lie: How the facts of the economic crisis stack up
The boom and bust was global. Proponents of the Big Lie ignore the worldwide nature of the housing boom and bust.
Nonbank mortgage underwriting exploded from 2001 to 2007, along with the private label securitization market, which eclipsed Fannie and Freddie during the boom.
Private lenders not subject to congressional regulations collapsed lending standards
Examining the big lie: How the facts of the economic crisis stack up | The Big Picture
Wall Street, Not Fannie and Freddie, Led Mortgage Meltdown
Mortgages financed by Wall Street from 2001 to 2008 were 4½ times more likely to be seriously delinquent than mortgages backed by Fannie and Freddie.
The idea that they were leading this charge is just absurd, said Guy Cecala, publisher of Inside Mortgage Finance, an authoritative trade publication. Fannie and Freddie have always had the tightest underwriting on earth They were opposite of subprime.
Wall Street, Not Fannie and Freddie, Led Mortgage Meltdown - The Daily Beast
DUBYA REGULATOR FAILURE!!!
http://www.usmessageboard.com/economy/362889-facts-on-dubya-s-great-recession.html
So you refuse to answer the questions. I knew you would.
How about I ask you this....
What does Fannie Mae do?
Do they write loans?
DO you know who insures loans? Any idea?
Other than simply listing "opinions" as you have been doing.....why don't you ask questions so you can truly understand what happened?
And just an FYI...I blame many...including congress, the President (to a small degree), and the victims (to a very large degree)...
And I can explain why.
But your take on it?
Patently false. You are completely clueless and making an ass of yourself.
I bet you being a libtard can't prove that.Now that he is retiring.. Barney thinks he can now tell the truth!
LIE One Barney Supported!!!!
Barney Frank on the White House Rollout of Obamacare: "They just lied to people."
"The rollout was so bad, and I was appalled -- I don't understand how the president could have sat there and not been checking on that on a weekly basis," Frank told HuffPost during a July interview.
"But frankly, he should never have said as much as he did, that if you like your current health care plan, you can keep it.
That wasn't true. And you shouldn't lie to people. And they just lied to people."
Basically, yes (although that wasn't the only Obamacare-related thing the administration misled the public about).
Frank suggests that the Obama administration could have avoided some trouble by not making the promise. But the question is whether the law would have passed without an explicit vow that people could keep their plans and doctors.
Barney Frank on the White House Rollout of Obamacare: "They just lied to people." - Hit & Run : Reason.com
LIE TWO!!!
Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
House Financial Services Committee Chairman Barney Frank (D-MA) criticized the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis.
The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."..
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," New York Times, 9/11/03)
With these TWO GIGANTIC LIES Frank Supported we have had two gigantic destructive forces in our economy..!
98% of Americans were able to keep their plans.
Still wont answer the questions.
The drive for profit will ALWAYS be there....so saying that is what caused it is the same as saying that such a problem will always exist.
If you were aware of the answers to my questions, you would think differently and actually understand WHY it happened as it happened. Saying it was the drive for profit is immature and in no way addresses why it happened THIS time and not all other times there was a drive for profit...which is everyday in every industry since the beginning of time.
So tell me.....
Who was at fault? Not referring to policy....who was at fault for the collapse?
Brokers?
Underwriters?
Banks?
Lending institutions?
Loan Officers?
Fannie Mae?
The "victims"?
Another question......asked this earlier.....
What does Fannie Mae do? Do you know? How are they involved in the lending world? Do you know? What does the government, (the people) expect of them? Do you know?
And please...answer with maturity and fact....not opinion with large font and bolds.
Still wont answer the questions.
The drive for profit will ALWAYS be there....so saying that is what caused it is the same as saying that such a problem will always exist.
If you were aware of the answers to my questions, you would think differently and actually understand WHY it happened as it happened. Saying it was the drive for profit is immature and in no way addresses why it happened THIS time and not all other times there was a drive for profit...which is everyday in every industry since the beginning of time.
So tell me.....
Who was at fault? Not referring to policy....who was at fault for the collapse?
Brokers?
Underwriters?
Banks?
Lending institutions?
Loan Officers?
Fannie Mae?
The "victims"?
Another question......asked this earlier.....
What does Fannie Mae do? Do you know? How are they involved in the lending world? Do you know? What does the government, (the people) expect of them? Do you know?
And please...answer with maturity and fact....not opinion with large font and bolds.
I bet you being a libtard can't prove that.Now that he is retiring.. Barney thinks he can now tell the truth!
LIE One Barney Supported!!!!
Barney Frank on the White House Rollout of Obamacare: "They just lied to people."
"The rollout was so bad, and I was appalled -- I don't understand how the president could have sat there and not been checking on that on a weekly basis," Frank told HuffPost during a July interview.
"But frankly, he should never have said as much as he did, that if you like your current health care plan, you can keep it.
That wasn't true. And you shouldn't lie to people. And they just lied to people."
Basically, yes (although that wasn't the only Obamacare-related thing the administration misled the public about).
Frank suggests that the Obama administration could have avoided some trouble by not making the promise. But the question is whether the law would have passed without an explicit vow that people could keep their plans and doctors.
Barney Frank on the White House Rollout of Obamacare: "They just lied to people." - Hit & Run : Reason.com
LIE TWO!!!
Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
House Financial Services Committee Chairman Barney Frank (D-MA) criticized the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis.
The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."..
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," New York Times, 9/11/03)
With these TWO GIGANTIC LIES Frank Supported we have had two gigantic destructive forces in our economy..!
98% of Americans were able to keep their plans.
Still wont answer the questions.
The drive for profit will ALWAYS be there....so saying that is what caused it is the same as saying that such a problem will always exist.
If you were aware of the answers to my questions, you would think differently and actually understand WHY it happened as it happened. Saying it was the drive for profit is immature and in no way addresses why it happened THIS time and not all other times there was a drive for profit...which is everyday in every industry since the beginning of time.
So tell me.....
Who was at fault? Not referring to policy....who was at fault for the collapse?
Brokers?
Underwriters?
Banks?
Lending institutions?
Loan Officers?
Fannie Mae?
The "victims"?
Another question......asked this earlier.....
What does Fannie Mae do? Do you know? How are they involved in the lending world? Do you know? What does the government, (the people) expect of them? Do you know?
And please...answer with maturity and fact....not opinion with large font and bolds.
Gawwd you are an ignorant tool aren't you?
THE BANKSTERS CREATED A WORLD WIDE CREDIT BUBBLE. ONE DUBYA CHEERED ON IN THE US AND FOUGHT ALL 50 STATES ON (SEC PREDATORY LENDERS IN 2003, INVOKING A CIVIL WAR ERA RULE SAYING FEDS RULE ON THE BANKSTERS)
Dubya was warned in 2004 of an EPIDEMIC of mortgage fraud that could rival Reagan's S&L crisis (who ALSO ignored Mr Gray's warnings on the S&L crisis beginning in 1984!!!) by the FBI. What did he do in response? Well of course GUTTED the FBI whiter collar crimes divisdion (1,800+ agents) AND then ALLOWED THE 5 INVESTMENT BANKSTERS TO THROW OFF THEIR NET CAP RULES (LEVERAGE, KNOW WHAT THAT MEANS? LOL)
Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse
http://www.usmessageboard.com/economy/362889-facts-on-dubya-s-great-recession.html
Regulators and policymakers enabled this process at virtually every turn. Part of the reason they failed to understand the housing bubble was willful ignorance: they bought into the argument that the market would equilibrate itself. In particular, financial actors and regulatory officials both believed that secondary and tertiary markets could effectively control risk through pricing.
http://www.tobinproject.org/sites/tobinproject.org/files/assets/Fligstein_Catalyst of Disaster_0.pdf
Still wont answer the questions.
The drive for profit will ALWAYS be there....so saying that is what caused it is the same as saying that such a problem will always exist.
If you were aware of the answers to my questions, you would think differently and actually understand WHY it happened as it happened. Saying it was the drive for profit is immature and in no way addresses why it happened THIS time and not all other times there was a drive for profit...which is everyday in every industry since the beginning of time.
So tell me.....
Who was at fault? Not referring to policy....who was at fault for the collapse?
Brokers?
Underwriters?
Banks?
Lending institutions?
Loan Officers?
Fannie Mae?
The "victims"?
Another question......asked this earlier.....
What does Fannie Mae do? Do you know? How are they involved in the lending world? Do you know? What does the government, (the people) expect of them? Do you know?
And please...answer with maturity and fact....not opinion with large font and bolds.
"The "victims"?"
The FBI has been warning of an "epidemic" of mortgage fraud since September 2004. It also reports that lenders initiated 80% of these frauds
William K. Black: The Two Documents Everyone Should Read to Better Understand the Crisis
Banks not borrowers are the ones who actually make the loan decision.
I bet you being a libtard can't prove that.98% of Americans were able to keep their plans.
89% of Americans are insured
61% of the people are insured through their employer...so they are not included yet
30% are on Medicaid or medicare...so they lost nothing
So 91% of all Americans were not affected by the ACA yet.
So the 2% that lost their coverage were 2% of the 9% that were affected
So a shade under 25% of those that could lose their insurance, lost their insurance.
See how easily NYCarbineer is fooled by stats?
Or is it that he tries to fool others with stats.
Still wont answer the questions.
The drive for profit will ALWAYS be there....so saying that is what caused it is the same as saying that such a problem will always exist.
If you were aware of the answers to my questions, you would think differently and actually understand WHY it happened as it happened. Saying it was the drive for profit is immature and in no way addresses why it happened THIS time and not all other times there was a drive for profit...which is everyday in every industry since the beginning of time.
So tell me.....
Who was at fault? Not referring to policy....who was at fault for the collapse?
Brokers?
Underwriters?
Banks?
Lending institutions?
Loan Officers?
Fannie Mae?
The "victims"?
Another question......asked this earlier.....
What does Fannie Mae do? Do you know? How are they involved in the lending world? Do you know? What does the government, (the people) expect of them? Do you know?
And please...answer with maturity and fact....not opinion with large font and bolds.
I bet you being a libtard can't prove that.98% of Americans were able to keep their plans.
89% of Americans are insured
61% of the people are insured through their employer...so they are not included yet
30% are on Medicaid or medicare...so they lost nothing
So 91% of all Americans were not affected by the ACA yet.
So the 2% that lost their coverage were 2% of the 9% that were affected
So a shade under 25% of those that could lose their insurance, lost their insurance.
See how easily NYCarbineer is fooled by stats?
Or is it that he tries to fool others with stats.
Still wont answer the questions.
The drive for profit will ALWAYS be there....so saying that is what caused it is the same as saying that such a problem will always exist.
If you were aware of the answers to my questions, you would think differently and actually understand WHY it happened as it happened. Saying it was the drive for profit is immature and in no way addresses why it happened THIS time and not all other times there was a drive for profit...which is everyday in every industry since the beginning of time.
So tell me.....
Who was at fault? Not referring to policy....who was at fault for the collapse?
Brokers?
Underwriters?
Banks?
Lending institutions?
Loan Officers?
Fannie Mae?
The "victims"?
Another question......asked this earlier.....
What does Fannie Mae do? Do you know? How are they involved in the lending world? Do you know? What does the government, (the people) expect of them? Do you know?
And please...answer with maturity and fact....not opinion with large font and bolds.
Gawwd you are an ignorant tool aren't you?
THE BANKSTERS CREATED A WORLD WIDE CREDIT BUBBLE. ONE DUBYA CHEERED ON IN THE US AND FOUGHT ALL 50 STATES ON (SEC PREDATORY LENDERS IN 2003, INVOKING A CIVIL WAR ERA RULE SAYING FEDS RULE ON THE BANKSTERS)
Dubya was warned in 2004 of an EPIDEMIC of mortgage fraud that could rival Reagan's S&L crisis (who ALSO ignored Mr Gray's warnings on the S&L crisis beginning in 1984!!!) by the FBI. What did he do in response? Well of course GUTTED the FBI whiter collar crimes divisdion (1,800+ agents) AND then ALLOWED THE 5 INVESTMENT BANKSTERS TO THROW OFF THEIR NET CAP RULES (LEVERAGE, KNOW WHAT THAT MEANS? LOL)
Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse
http://www.usmessageboard.com/economy/362889-facts-on-dubya-s-great-recession.html
Regulators and policymakers enabled this process at virtually every turn. Part of the reason they failed to understand the housing bubble was willful ignorance: they bought into the argument that the market would equilibrate itself. In particular, financial actors and regulatory officials both believed that secondary and tertiary markets could effectively control risk through pricing.
http://www.tobinproject.org/sites/tobinproject.org/files/assets/Fligstein_Catalyst of Disaster_0.pdf
Leave to the truly ignorant to take pad, exaggerate blow out of proportion a single letter "W" into 5 characters..."Dubya"!
Instead of using one character like all growgovernmentistas they can't seem to understand simple alphabet i.e. one letter
takes up less space then 5 letters... how truly stupid!!!
Still wont answer the questions.
The drive for profit will ALWAYS be there....so saying that is what caused it is the same as saying that such a problem will always exist.
If you were aware of the answers to my questions, you would think differently and actually understand WHY it happened as it happened. Saying it was the drive for profit is immature and in no way addresses why it happened THIS time and not all other times there was a drive for profit...which is everyday in every industry since the beginning of time.
So tell me.....
Who was at fault? Not referring to policy....who was at fault for the collapse?
Brokers?
Underwriters?
Banks?
Lending institutions?
Loan Officers?
Fannie Mae?
The "victims"?
Another question......asked this earlier.....
What does Fannie Mae do? Do you know? How are they involved in the lending world? Do you know? What does the government, (the people) expect of them? Do you know?
And please...answer with maturity and fact....not opinion with large font and bolds.
"The "victims"?"
The FBI has been warning of an "epidemic" of mortgage fraud since September 2004. It also reports that lenders initiated 80% of these frauds
William K. Black: The Two Documents Everyone Should Read to Better Understand the Crisis
Banks not borrowers are the ones who actually make the loan decision.
Still wont answer the questions.
You continue to offer opinions of others...with no fact.
Answer the questions.....
By the way......that last thing you posted......
Banks....not borrowers....are the ones who actually make the loan decision....
Really? The bank decided for me that I wanted the loan? And they signed it for me?
Really?
I don't recall it happening that way.
Still wont answer the questions.
The drive for profit will ALWAYS be there....so saying that is what caused it is the same as saying that such a problem will always exist.
If you were aware of the answers to my questions, you would think differently and actually understand WHY it happened as it happened. Saying it was the drive for profit is immature and in no way addresses why it happened THIS time and not all other times there was a drive for profit...which is everyday in every industry since the beginning of time.
So tell me.....
Who was at fault? Not referring to policy....who was at fault for the collapse?
Brokers?
Underwriters?
Banks?
Lending institutions?
Loan Officers?
Fannie Mae?
The "victims"?
Another question......asked this earlier.....
What does Fannie Mae do? Do you know? How are they involved in the lending world? Do you know? What does the government, (the people) expect of them? Do you know?
And please...answer with maturity and fact....not opinion with large font and bolds.
"The "victims"?"
The FBI has been warning of an "epidemic" of mortgage fraud since September 2004. It also reports that lenders initiated 80% of these frauds
William K. Black: The Two Documents Everyone Should Read to Better Understand the Crisis
Banks not borrowers are the ones who actually make the loan decision.
Still wont answer the questions.
You continue to offer opinions of others...with no fact.
Answer the questions.....
By the way......that last thing you posted......
Banks....not borrowers....are the ones who actually make the loan decision....
Really? The bank decided for me that I wanted the loan? And they signed it for me?
Really?
I don't recall it happening that way.
Still wont answer the questions.
The drive for profit will ALWAYS be there....so saying that is what caused it is the same as saying that such a problem will always exist.
If you were aware of the answers to my questions, you would think differently and actually understand WHY it happened as it happened. Saying it was the drive for profit is immature and in no way addresses why it happened THIS time and not all other times there was a drive for profit...which is everyday in every industry since the beginning of time.
So tell me.....
Who was at fault? Not referring to policy....who was at fault for the collapse?
Brokers?
Underwriters?
Banks?
Lending institutions?
Loan Officers?
Fannie Mae?
The "victims"?
Another question......asked this earlier.....
What does Fannie Mae do? Do you know? How are they involved in the lending world? Do you know? What does the government, (the people) expect of them? Do you know?
And please...answer with maturity and fact....not opinion with large font and bolds.
" What does Fannie Mae do? Do you know? How are they involved in the lending world? Do you know? What does the government, (the people) expect of them? Do you know?"
STOP BEING AN IGNORANT TOOL BUBBA!
Already answered you
How many more lies did Barney Frank participate in??? - Page 5 - US Message Board - Political Discussion Forum
BUT:
No, the GSEs Did Not Cause the Financial Meltdown (but thats just according to the data)
1. Private markets caused the shady mortgage boom
2. The governments affordability mission didnt cause the crisis
3. There is a lot of research to back this up and little against it: This is not exactly an obscure corner of the wonk world it is one of the most studied capital markets in the world.
4. Conservatives sang a different tune before the crash: Conservative think tanks spent the 2000s saying the exact opposite of what they are saying now
AEI's Peter Wallison in 2004: In recent years, study after study has shown that Fannie Mae and Freddie Mac are failing to do even as much as banks and S&Ls in providing financing for affordable housing, including minority and low income housing.
Hey Mayor Bloomberg! No, the GSEs Did Not Cause the Financial Meltdown (but thats just according to the data) | The Big Picture