Labor Participation Rate Lowest Since 1978 - Yet there are 10 Fold More Working Mom's Now!!!

[Dad2three]

Oh, and you failed to defend the feckless GOP's failed "free markets" dogma either.

I should not think that freedom required any defense.

Those misnamed "free markets" cost hardworking Americans their jobs for the sake of profits for the Wall Street Casino Bosses. That is what is indefensible.

It sounds as if you are saying that people have some sort of right to a job, and that certain other people are responsible for providing these jobs. I wonder whether you feel that you yourself are also responsible for providing people with jobs.

"The only orthodox object of the institution of government is to secure the greatest degree of happiness possible to the general mass of those associated under it." Thomas Jefferson

 

[Dad2three]

Oh, and you failed to defend the feckless GOP's failed "free markets" dogma either.

I should not think that freedom required any defense.

Don't understand the difference with free markets versus freedom, that right wing meme that means exactly what again? Oh right nothing but the rights desire to run roughshod WHILE not paying taxes!

If one opposes free markets then one opposes freedom.

Utter nonsense!

Freedom has nothing whatsoever to do with the GOP's "free markets" economic debacle.

You can't have a free market without freedom. If you want an unfree market then you have to take away people's freedom.

More platitudes from the dishonest. Shocking

Examining the big lie: How the facts of the economic crisis stack up

When an economy booms or busts, money gets misspent, assets rise in prices, fortunes are made. Out of all that comes a set of easy-to-discern facts.

Here are key things we know based on data. Together, they present a series of tough hurdles for the big lie proponents.

•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. Taking up that extra share were nonbanks selling mortgages elsewhere, not to the GSEs. Conforming mortgages had rules that were less profitable than the newfangled loans. Private securitizers — competitors of Fannie and Freddie — grew from 10 percent of the market in 2002 to nearly 40 percent in 2006. As a percentage of all mortgage-backed securities, private securitization grew from 23 percent in 2003 to 56 percent in 2006

These firms had business models that could be called “Lend-in-order-to-sell-to-Wall-Street-securitizers.” They offered all manner of nontraditional mortgages — the 2/28 adjustable rate mortgages, piggy-back loans, negative amortization loans. These defaulted in huge numbers, far more than the regulated mortgage writers did.



Examining the big lie How the facts of the economic crisis stack up - The Washington Post

 

[rightwinger]

Labor Participation Rate is just the latest GOP Butthurt over a good economy

 

[Centinel]

Banks were regulated during this time period as well, which is what caused the bubbles to which you refer.

BZZZT Wrong!

The Wall Street Casino banks that were providing the funds for the subprime mortgages were unregulated.

Banks were indeed regulated in 2008. And before. And after.

Your ignorance is on display!

The repeal of Glass-Steagall deregulated the Wall Street Casino and enabled them to open "banks" that were not subject to the same regulations as normal banks. Those Wall Street Casino "banks" were responsible for flooding the market with subprime mortgages.

Still, those bank were not unregulated. They were highly regulated.

Prove it!

FRB 2008 Banking and Consumer Regulatory Policy

 

[Dad2three]

I'm claiming Banksters drove the bubble, like they did with Ronnie's S&L crisis, AND the GOP great depression. What were the similarities with these 3 periods?

Hint the closest to laissez faire governance the US has had in 100+ years!

Okay, so thank you for conceding that these financial crises were *not* the result of a free market.

As we have observed, regulated financial markets result in financial collapse.

Well history says YOU are full of shit as the US was lightly regulated 1791-1913 and the US had a 2008 Bankster bubble every 5 years oin average somewhere in the US

Nope 2008 was a direct result of Banksters AND Dubya ignoring the bubble they created Bubba. Bad governance just like Ronnie AND Harding/Coolidge. Go figure!

Banks were regulated during this time period as well, which is what caused the bubbles to which you refer.

BZZZT Wrong!

The Wall Street Casino banks that were providing the funds for the subprime mortgages were unregulated.

Banks were indeed regulated in 2008. And before. And after.

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

 

[Dad2three]

BZZZT Wrong!

The Wall Street Casino banks that were providing the funds for the subprime mortgages were unregulated.

Banks were indeed regulated in 2008. And before. And after.

Your ignorance is on display!

The repeal of Glass-Steagall deregulated the Wall Street Casino and enabled them to open "banks" that were not subject to the same regulations as normal banks. Those Wall Street Casino "banks" were responsible for flooding the market with subprime mortgages.

Still, those bank were not unregulated. They were highly regulated.

Prove it!

FRB 2008 Banking and Consumer Regulatory Policy

No you can't point to even one state or nation to EVER use your libertarian BS as policy. Ever. Thanks anyways

Myths and fairy tales is all Bubba

 

[Dad2three]

BZZZT Wrong!

The Wall Street Casino banks that were providing the funds for the subprime mortgages were unregulated.

Banks were indeed regulated in 2008. And before. And after.

Your ignorance is on display!

The repeal of Glass-Steagall deregulated the Wall Street Casino and enabled them to open "banks" that were not subject to the same regulations as normal banks. Those Wall Street Casino "banks" were responsible for flooding the market with subprime mortgages.

Still, those bank were not unregulated. They were highly regulated.

Prove it!

FRB 2008 Banking and Consumer Regulatory Policy

 

[Dad2three]

BZZZT Wrong!

The Wall Street Casino banks that were providing the funds for the subprime mortgages were unregulated.

Banks were indeed regulated in 2008. And before. And after.

Your ignorance is on display!

The repeal of Glass-Steagall deregulated the Wall Street Casino and enabled them to open "banks" that were not subject to the same regulations as normal banks. Those Wall Street Casino "banks" were responsible for flooding the market with subprime mortgages.

Still, those bank were not unregulated. They were highly regulated.

Prove it!

FRB 2008 Banking and Consumer Regulatory Policy

It is clear to anyone who has studied the financial crisis of 2008 that the private sector’s drive for short-term profit was behind it. More than 84 percent of the sub-prime mortgages in 2006 were issued by private lending. These private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year. Out of the top 25 subprime lenders in 2006, only one was subject to the usual mortgage laws and regulations. The nonbank underwriters made more than 12 million subprime mortgages with a value of nearly $2 trillion. The lenders who made these were exempt from federal regulations.


Low interest rates fueled an apparent boom

Asset managers sought new ways to make money

The credit rating agencies gave their blessing

Fund managers didn’t do their homework

Derivatives were unregulated: Derivatives had become a uniquely unregulated financial instrument. They are exempt from all oversight, counter-party disclosure, exchange listing requirements, state insurance supervision and, most important, reserve requirements. This allowed AIG to write $3 trillion in derivatives while reserving precisely zero dollars against future claims.


The SEC loosened capital requirements

The federal government overrode anti-predatory state laws

Compensation schemes encouraged gambling

Wall Street became “creative”

Financial gadgets milked the market

Commercial banks jumped in

• Derivatives exploded uncontrollably: CDOs provided the first “infinite market”; at height of crash, derivatives accounted for 3 times global economy.

Lest We Forget Why We Had A Financial Crisis - Forbes

 

[Derideo_Te]

BZZZT Wrong!

The Wall Street Casino banks that were providing the funds for the subprime mortgages were unregulated.

Banks were indeed regulated in 2008. And before. And after.

Your ignorance is on display!

The repeal of Glass-Steagall deregulated the Wall Street Casino and enabled them to open "banks" that were not subject to the same regulations as normal banks. Those Wall Street Casino "banks" were responsible for flooding the market with subprime mortgages.

Still, those bank were not unregulated. They were highly regulated.

Prove it!

FRB 2008 Banking and Consumer Regulatory Policy

Those are not the Wall Street Casino banks that were pushing the subprime mortgages.

Try again.

 

[rightwinger]

Labor participation rate went up in the 70s and 80s as Boomers continued to flood the workplace and women left the home

As expected, that rate is declining 30 years later as they leave the workforce at a rate of 4 million a year

To Republicans.......Boomer retirements are an Obama policy

 

[Centinel]

Okay, so thank you for conceding that these financial crises were *not* the result of a free market.

As we have observed, regulated financial markets result in financial collapse.

Well history says YOU are full of shit as the US was lightly regulated 1791-1913 and the US had a 2008 Bankster bubble every 5 years oin average somewhere in the US

Nope 2008 was a direct result of Banksters AND Dubya ignoring the bubble they created Bubba. Bad governance just like Ronnie AND Harding/Coolidge. Go figure!

Banks were regulated during this time period as well, which is what caused the bubbles to which you refer.

BZZZT Wrong!

The Wall Street Casino banks that were providing the funds for the subprime mortgages were unregulated.

Banks were indeed regulated in 2008. And before. And after.

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

Your cartoon is incorrect. It was not a free market. It was a highly regulated market.

 

[Centinel]

Banks were indeed regulated in 2008. And before. And after.

Your ignorance is on display!

The repeal of Glass-Steagall deregulated the Wall Street Casino and enabled them to open "banks" that were not subject to the same regulations as normal banks. Those Wall Street Casino "banks" were responsible for flooding the market with subprime mortgages.

Still, those bank were not unregulated. They were highly regulated.

Prove it!

FRB 2008 Banking and Consumer Regulatory Policy

Those are not the Wall Street Casino banks that were pushing the subprime mortgages.

Try again.

Please give me the name of a bank that does not fall under the jurisdiction of FRB regulations.

 

[Dad2three]

Well history says YOU are full of shit as the US was lightly regulated 1791-1913 and the US had a 2008 Bankster bubble every 5 years oin average somewhere in the US

Nope 2008 was a direct result of Banksters AND Dubya ignoring the bubble they created Bubba. Bad governance just like Ronnie AND Harding/Coolidge. Go figure!

Banks were regulated during this time period as well, which is what caused the bubbles to which you refer.

BZZZT Wrong!

The Wall Street Casino banks that were providing the funds for the subprime mortgages were unregulated.

Banks were indeed regulated in 2008. And before. And after.

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

Your cartoon is incorrect. It was not a free market. It was a highly regulated market.

 

[Dad2three]

Your ignorance is on display!

The repeal of Glass-Steagall deregulated the Wall Street Casino and enabled them to open "banks" that were not subject to the same regulations as normal banks. Those Wall Street Casino "banks" were responsible for flooding the market with subprime mortgages.

Still, those bank were not unregulated. They were highly regulated.

Prove it!

FRB 2008 Banking and Consumer Regulatory Policy

Those are not the Wall Street Casino banks that were pushing the subprime mortgages.

Try again.

Please give me the name of a bank that does not fall under the jurisdiction of FRB regulations.

Your inability to point to even ONE state or nation to have a "free market", much less an unregulated banking system is noted Bubba




It was primarily private lenders who relaxed standards: Private lenders not subject to congressional regulations collapsed lending standards

Lest We Forget Why We Had A Financial Crisis - Forbes

 

[Centinel]

Banks were regulated during this time period as well, which is what caused the bubbles to which you refer.

BZZZT Wrong!

The Wall Street Casino banks that were providing the funds for the subprime mortgages were unregulated.

Banks were indeed regulated in 2008. And before. And after.

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

Your cartoon is incorrect. It was not a free market. It was a highly regulated market.

Still, those bank were not unregulated. They were highly regulated.

Prove it!

FRB 2008 Banking and Consumer Regulatory Policy

Those are not the Wall Street Casino banks that were pushing the subprime mortgages.

Try again.

Please give me the name of a bank that does not fall under the jurisdiction of FRB regulations.

Your inability to point to even ONE state or nation to have a "free market", much less an unregulated banking system is noted Bubba




It was primarily private lenders who relaxed standards: Private lenders not subject to congressional regulations collapsed lending standards

Lest We Forget Why We Had A Financial Crisis - Forbes

But private lenders weren't bailed out. The banks were bailed out, and those banks were highly regulated, which was the cause of the crisis.

 

[Dad2three]

BZZZT Wrong!

The Wall Street Casino banks that were providing the funds for the subprime mortgages were unregulated.

Banks were indeed regulated in 2008. And before. And after.

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

Your cartoon is incorrect. It was not a free market. It was a highly regulated market.

Prove it!

FRB 2008 Banking and Consumer Regulatory Policy

Those are not the Wall Street Casino banks that were pushing the subprime mortgages.

Try again.

Please give me the name of a bank that does not fall under the jurisdiction of FRB regulations.

Your inability to point to even ONE state or nation to have a "free market", much less an unregulated banking system is noted Bubba




It was primarily private lenders who relaxed standards: Private lenders not subject to congressional regulations collapsed lending standards

Lest We Forget Why We Had A Financial Crisis - Forbes

But private lenders weren't bailed out. The banks were bailed out, and those banks were highly regulated, which was the cause of the crisis.

You mean the economy was in danger of falling off the cliff AGAIN because they followed the closest thing to laissez faire governance the US had since Reagan's S&L disaster or Harding/Coolidge big depression? Shocking we would rescue them


"The banks were bailed out, and those banks were highly regulated, which was the cause of the crisis."


PROVE IT!!!

 

[Dad2three]

BZZZT Wrong!

The Wall Street Casino banks that were providing the funds for the subprime mortgages were unregulated.

Banks were indeed regulated in 2008. And before. And after.

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

Your cartoon is incorrect. It was not a free market. It was a highly regulated market.

Prove it!

FRB 2008 Banking and Consumer Regulatory Policy

Those are not the Wall Street Casino banks that were pushing the subprime mortgages.

Try again.

Please give me the name of a bank that does not fall under the jurisdiction of FRB regulations.

Your inability to point to even ONE state or nation to have a "free market", much less an unregulated banking system is noted Bubba




It was primarily private lenders who relaxed standards: Private lenders not subject to congressional regulations collapsed lending standards

Lest We Forget Why We Had A Financial Crisis - Forbes

But private lenders weren't bailed out. The banks were bailed out, and those banks were highly regulated, which was the cause of the crisis.

BTW, the 5 investment banks that drove the bubble? ALL gone. Want to guess where the two that survived went? lol

 

[Centinel]

Banks were indeed regulated in 2008. And before. And after.

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

Your cartoon is incorrect. It was not a free market. It was a highly regulated market.

FRB 2008 Banking and Consumer Regulatory Policy

Those are not the Wall Street Casino banks that were pushing the subprime mortgages.

Try again.

Please give me the name of a bank that does not fall under the jurisdiction of FRB regulations.

Your inability to point to even ONE state or nation to have a "free market", much less an unregulated banking system is noted Bubba




It was primarily private lenders who relaxed standards: Private lenders not subject to congressional regulations collapsed lending standards

Lest We Forget Why We Had A Financial Crisis - Forbes

But private lenders weren't bailed out. The banks were bailed out, and those banks were highly regulated, which was the cause of the crisis.

You mean the economy was in danger of falling off the cliff AGAIN because they followed the closest thing to laissez faire governance the US had since Reagan's S&L disaster or Harding/Coolidge big depression? Shocking we would rescue them


"The banks were bailed out, and those banks were highly regulated, which was the cause of the crisis."


PROVE IT!!!

I've already proved that banks were highly regulated in 2008: FRB 2008 Banking and Consumer Regulatory Policy

Check out that long, long list of FRB regulations.

 

[Dad2three]

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

Your cartoon is incorrect. It was not a free market. It was a highly regulated market.

Those are not the Wall Street Casino banks that were pushing the subprime mortgages.

Try again.

Please give me the name of a bank that does not fall under the jurisdiction of FRB regulations.

Your inability to point to even ONE state or nation to have a "free market", much less an unregulated banking system is noted Bubba




It was primarily private lenders who relaxed standards: Private lenders not subject to congressional regulations collapsed lending standards

Lest We Forget Why We Had A Financial Crisis - Forbes

But private lenders weren't bailed out. The banks were bailed out, and those banks were highly regulated, which was the cause of the crisis.

You mean the economy was in danger of falling off the cliff AGAIN because they followed the closest thing to laissez faire governance the US had since Reagan's S&L disaster or Harding/Coolidge big depression? Shocking we would rescue them


"The banks were bailed out, and those banks were highly regulated, which was the cause of the crisis."


PROVE IT!!!

I've already proved that banks were highly regulated in 2008: FRB 2008 Banking and Consumer Regulatory Policy

Check out that long, long list of FRB regulations.

"highly regulated, which was the cause of the crisis."

You do know what cause means right? PLEASE do me a favor and show that regulation CAUSED the Bankster subprime crisis!

 

[Centinel]

Banks were indeed regulated in 2008. And before. And after.

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

Your cartoon is incorrect. It was not a free market. It was a highly regulated market.

FRB 2008 Banking and Consumer Regulatory Policy

Those are not the Wall Street Casino banks that were pushing the subprime mortgages.

Try again.

Please give me the name of a bank that does not fall under the jurisdiction of FRB regulations.

Your inability to point to even ONE state or nation to have a "free market", much less an unregulated banking system is noted Bubba




It was primarily private lenders who relaxed standards: Private lenders not subject to congressional regulations collapsed lending standards

Lest We Forget Why We Had A Financial Crisis - Forbes

But private lenders weren't bailed out. The banks were bailed out, and those banks were highly regulated, which was the cause of the crisis.

BTW, the 5 investment banks that drove the bubble? ALL gone. Want to guess where the two that survived went? lol

I find it odd that you would be upset over the disappearance of investment banks. I'd think you'd be happy to see them go.