Obamacare Economy: 7 Years, 16 million Jobs Created, Middle Class Incomes Up $3K

[Toddsterpatriot]

No, you didn't.

Now you're lying as yes, I did. The recession was so mild, it possibly wouldn't have even qualified as a recession if not for 9.11. While it started in March, that determination wasn't made until after 9.11.

So the recession started in March 2001 because 9/11....and that makes it Bush's fault.

Well who's to blame for not preventing 9.11 if not Bush? Clinton??

Well, Clinton did refuse to have Osama arrested by Sudan when they offered.
And he didn't launch a strike that could have killed Osama, but who's counting, eh?

So your latest claim is Bush caused the recession by not preventing 9/11.

Aside from the fact that Clinton did not refuse custody of bin Laden ...

In late 1995,when Bin Ladin was still in Sudan, the State Department and the CIA learned that Sudanese officials were discussing with the Saudi government the possibility of expelling Bin Ladin. U.S.Ambassador Timothy Carney encouraged the Sudanese to pursue this course. The Saudis, however, did not want Bin Ladin, giving as their reason their revocation of his citizenship.

Sudan’s minister of defense, Fatih Erwa, has claimed that Sudan offered to hand Bin Ladin over to the United States. The Commission has found no credible evidence that this was so. Ambassador Carney had instructions only to push the Sudanese to expel Bin Ladin. Ambassador Carney had no legal basis to ask for more from the Sudanese since, at the time, there was no indictment outstanding.

9/11 Commission Report, chapter 4, pg 109-110

http://www.9-11commission.gov/report/911Report.pdf
​

.... so what? Osama wasn't flying any of the planes. 9.11 would likely have happened whether he was dead or alive.

And Bush did nothing to prevent other than to reject the FBI's request for a budget increase for counter terrorism and to warn his Attorney General to stop flying commercially.

Bush was president for nearly 8 months. He was responsible for protecting the U.S. and he failed miserably.

The recession, which started on his watch, may not have even been a recession had it not been for 9.11.

It's Bush's recession and Bush's security failure.

Right, the March recession was Bush's fault because 9/11.

DERP!

 

[Markle]

Except that the GSEs had very little to do with the crash....

Your ignorance was obvious previously. Now you are just compounding the matter.

Fannie Mae and Freddie Mac set the standards for all mortgage loans, government backed or conventional loans. That means when Fannie and Freddie were mandated by their overseeing committees in congress, to increase the percentage of sub-prime loans they bought, that went for conventional loans as well.

If you have a few hours, I'd be happy to sit down and explain the whole mess to you. I have some experience (40+ years) in the field and also teach real estate and real estate law. I've also had a mortgage brokers license for more than 30.

 

[Faun]

Now you're lying as yes, I did. The recession was so mild, it possibly wouldn't have even qualified as a recession if not for 9.11. While it started in March, that determination wasn't made until after 9.11.

So the recession started in March 2001 because 9/11....and that makes it Bush's fault.

Well who's to blame for not preventing 9.11 if not Bush? Clinton??

Well, Clinton did refuse to have Osama arrested by Sudan when they offered.
And he didn't launch a strike that could have killed Osama, but who's counting, eh?

So your latest claim is Bush caused the recession by not preventing 9/11.

Aside from the fact that Clinton did not refuse custody of bin Laden ...

In late 1995,when Bin Ladin was still in Sudan, the State Department and the CIA learned that Sudanese officials were discussing with the Saudi government the possibility of expelling Bin Ladin. U.S.Ambassador Timothy Carney encouraged the Sudanese to pursue this course. The Saudis, however, did not want Bin Ladin, giving as their reason their revocation of his citizenship.

Sudan’s minister of defense, Fatih Erwa, has claimed that Sudan offered to hand Bin Ladin over to the United States. The Commission has found no credible evidence that this was so. Ambassador Carney had instructions only to push the Sudanese to expel Bin Ladin. Ambassador Carney had no legal basis to ask for more from the Sudanese since, at the time, there was no indictment outstanding.

9/11 Commission Report, chapter 4, pg 109-110

http://www.9-11commission.gov/report/911Report.pdf
​

.... so what? Osama wasn't flying any of the planes. 9.11 would likely have happened whether he was dead or alive.

And Bush did nothing to prevent other than to reject the FBI's request for a budget increase for counter terrorism and to warn his Attorney General to stop flying commercially.

Bush was president for nearly 8 months. He was responsible for protecting the U.S. and he failed miserably.

The recession, which started on his watch, may not have even been a recession had it not been for 9.11.

It's Bush's recession and Bush's security failure.

Right, the March recession was Bush's fault because 9/11.

DERP!

slobbers the idiot who thinks the guy who was no longer in office was responsible

 

[Toddsterpatriot]

So the recession started in March 2001 because 9/11....and that makes it Bush's fault.

Well who's to blame for not preventing 9.11 if not Bush? Clinton??

Well, Clinton did refuse to have Osama arrested by Sudan when they offered.
And he didn't launch a strike that could have killed Osama, but who's counting, eh?

So your latest claim is Bush caused the recession by not preventing 9/11.

Aside from the fact that Clinton did not refuse custody of bin Laden ...

In late 1995,when Bin Ladin was still in Sudan, the State Department and the CIA learned that Sudanese officials were discussing with the Saudi government the possibility of expelling Bin Ladin. U.S.Ambassador Timothy Carney encouraged the Sudanese to pursue this course. The Saudis, however, did not want Bin Ladin, giving as their reason their revocation of his citizenship.

Sudan’s minister of defense, Fatih Erwa, has claimed that Sudan offered to hand Bin Ladin over to the United States. The Commission has found no credible evidence that this was so. Ambassador Carney had instructions only to push the Sudanese to expel Bin Ladin. Ambassador Carney had no legal basis to ask for more from the Sudanese since, at the time, there was no indictment outstanding.

9/11 Commission Report, chapter 4, pg 109-110

http://www.9-11commission.gov/report/911Report.pdf
​

.... so what? Osama wasn't flying any of the planes. 9.11 would likely have happened whether he was dead or alive.

And Bush did nothing to prevent other than to reject the FBI's request for a budget increase for counter terrorism and to warn his Attorney General to stop flying commercially.

Bush was president for nearly 8 months. He was responsible for protecting the U.S. and he failed miserably.

The recession, which started on his watch, may not have even been a recession had it not been for 9.11.

It's Bush's recession and Bush's security failure.

Right, the March recession was Bush's fault because 9/11.

DERP!

slobbers the idiot who thinks the guy who was no longer in office was responsible

Laughing at the guy who thinks something done in the first 2 months causes a recession or stops a depression.

 

[Faun]

Well who's to blame for not preventing 9.11 if not Bush? Clinton??

Well, Clinton did refuse to have Osama arrested by Sudan when they offered.
And he didn't launch a strike that could have killed Osama, but who's counting, eh?

So your latest claim is Bush caused the recession by not preventing 9/11.

Aside from the fact that Clinton did not refuse custody of bin Laden ...

In late 1995,when Bin Ladin was still in Sudan, the State Department and the CIA learned that Sudanese officials were discussing with the Saudi government the possibility of expelling Bin Ladin. U.S.Ambassador Timothy Carney encouraged the Sudanese to pursue this course. The Saudis, however, did not want Bin Ladin, giving as their reason their revocation of his citizenship.

Sudan’s minister of defense, Fatih Erwa, has claimed that Sudan offered to hand Bin Ladin over to the United States. The Commission has found no credible evidence that this was so. Ambassador Carney had instructions only to push the Sudanese to expel Bin Ladin. Ambassador Carney had no legal basis to ask for more from the Sudanese since, at the time, there was no indictment outstanding.

9/11 Commission Report, chapter 4, pg 109-110

http://www.9-11commission.gov/report/911Report.pdf
​

.... so what? Osama wasn't flying any of the planes. 9.11 would likely have happened whether he was dead or alive.

And Bush did nothing to prevent other than to reject the FBI's request for a budget increase for counter terrorism and to warn his Attorney General to stop flying commercially.

Bush was president for nearly 8 months. He was responsible for protecting the U.S. and he failed miserably.

The recession, which started on his watch, may not have even been a recession had it not been for 9.11.

It's Bush's recession and Bush's security failure.

Right, the March recession was Bush's fault because 9/11.

DERP!

slobbers the idiot who thinks the guy who was no longer in office was responsible

Laughing at the guy who thinks something done in the first 2 months causes a recession or stops a depression.

9.11 wasn't 2 months later and contributed to it being a recession.

 

[Markle]

slobbers the idiot who thinks the guy who was no longer in office was responsible

Why do you demand to look like a fool?

Your statements are childish.

You're saying that the chaotic mess in Iraq, Iran, Syria, North Korea, Europe, our security, illegal aliens, Crimea, the Ukraine, our stagnant economy are all the fault of President Trump. After all, he is now in office and the policies of the previous eight years did not happen.

 

[Toddsterpatriot]

Well, Clinton did refuse to have Osama arrested by Sudan when they offered.
And he didn't launch a strike that could have killed Osama, but who's counting, eh?

So your latest claim is Bush caused the recession by not preventing 9/11.

Aside from the fact that Clinton did not refuse custody of bin Laden ...

In late 1995,when Bin Ladin was still in Sudan, the State Department and the CIA learned that Sudanese officials were discussing with the Saudi government the possibility of expelling Bin Ladin. U.S.Ambassador Timothy Carney encouraged the Sudanese to pursue this course. The Saudis, however, did not want Bin Ladin, giving as their reason their revocation of his citizenship.

Sudan’s minister of defense, Fatih Erwa, has claimed that Sudan offered to hand Bin Ladin over to the United States. The Commission has found no credible evidence that this was so. Ambassador Carney had instructions only to push the Sudanese to expel Bin Ladin. Ambassador Carney had no legal basis to ask for more from the Sudanese since, at the time, there was no indictment outstanding.

9/11 Commission Report, chapter 4, pg 109-110

http://www.9-11commission.gov/report/911Report.pdf
​

.... so what? Osama wasn't flying any of the planes. 9.11 would likely have happened whether he was dead or alive.

And Bush did nothing to prevent other than to reject the FBI's request for a budget increase for counter terrorism and to warn his Attorney General to stop flying commercially.

Bush was president for nearly 8 months. He was responsible for protecting the U.S. and he failed miserably.

The recession, which started on his watch, may not have even been a recession had it not been for 9.11.

It's Bush's recession and Bush's security failure.

Right, the March recession was Bush's fault because 9/11.

DERP!

slobbers the idiot who thinks the guy who was no longer in office was responsible

Laughing at the guy who thinks something done in the first 2 months causes a recession or stops a depression.

9.11 wasn't 2 months later and contributed to it being a recession.

I know that September is much later than the start of the recession in March.
March, 2 months after Bush took office.

 

[Faun]

slobbers the idiot who thinks the guy who was no longer in office was responsible

Why do you demand to look like a fool?

Your statements are childish.

You're saying that the chaotic mess in Iraq, Iran, Syria, North Korea, Europe, our security, illegal aliens, Crimea, the Ukraine, our stagnant economy are all the fault of President Trump. After all, he is now in office and the policies of the previous eight years did not happen.

No, I didn't say that. Now if any of them pull off a terrorist attack inside the U.S., of course it would be Trump's fault for not preventing it.

 

[Faun]

Aside from the fact that Clinton did not refuse custody of bin Laden ...

In late 1995,when Bin Ladin was still in Sudan, the State Department and the CIA learned that Sudanese officials were discussing with the Saudi government the possibility of expelling Bin Ladin. U.S.Ambassador Timothy Carney encouraged the Sudanese to pursue this course. The Saudis, however, did not want Bin Ladin, giving as their reason their revocation of his citizenship.

Sudan’s minister of defense, Fatih Erwa, has claimed that Sudan offered to hand Bin Ladin over to the United States. The Commission has found no credible evidence that this was so. Ambassador Carney had instructions only to push the Sudanese to expel Bin Ladin. Ambassador Carney had no legal basis to ask for more from the Sudanese since, at the time, there was no indictment outstanding.

9/11 Commission Report, chapter 4, pg 109-110

http://www.9-11commission.gov/report/911Report.pdf
​

.... so what? Osama wasn't flying any of the planes. 9.11 would likely have happened whether he was dead or alive.

And Bush did nothing to prevent other than to reject the FBI's request for a budget increase for counter terrorism and to warn his Attorney General to stop flying commercially.

Bush was president for nearly 8 months. He was responsible for protecting the U.S. and he failed miserably.

The recession, which started on his watch, may not have even been a recession had it not been for 9.11.

It's Bush's recession and Bush's security failure.

Right, the March recession was Bush's fault because 9/11.

DERP!

slobbers the idiot who thinks the guy who was no longer in office was responsible

Laughing at the guy who thinks something done in the first 2 months causes a recession or stops a depression.

9.11 wasn't 2 months later and contributed to it being a recession.

I know that September is much later than the start of the recession in March.

So? If not for 9.11, the NBER might have determined there was no recession at all.

March, 2 months after Bush took office.

Very good, you can count to two. How fortunate are you that you only needed one hand?

 

[IcebergSlim]

What was the GDP growth Q1 when Obama took over? Just asking? You know the messiah who inherited an economy from Bush? President Trump inherited an economic mess from Obama? Double standards, without them liberals would have no standards at all.

In the spirit of giving, I'm gonna do you a major solid....


I'm not going to post that number before giving you a chance to look it up and get back to me....


You've got 5 minutes.....then I'm gonna show you what a fucking beefwit you are....

The number in question was NEGATIVE 5%......on the heels of a blistering NEGATIVE 8.2


Just how fucking oblivious and uninformed would someone have to be?

We're talking AndaronfuckingStupid.

 

[IcebergSlim]

I already did.

No, you didn't.

Now you're lying as yes, I did. The recession was so mild, it possibly wouldn't have even qualified as a recession if not for 9.11. While it started in March, that determination wasn't made until after 9.11.

So the recession started in March 2001 because 9/11....and that makes it Bush's fault.

Well who's to blame for not preventing 9.11 if not Bush? Clinton??

Well, Clinton did refuse to have Osama arrested by Sudan when they offered.
And he didn't launch a strike that could have killed Osama, but who's counting, eh?

So your latest claim is Bush caused the recession by not preventing 9/11.

Well, Clinton did refuse to have Osama arrested by Sudan when they offered.

​

Not exactly......or even close...

And he didn't launch a strike that could have killed Osama, but who's counting, eh?

​

These people did....

Bill Clinton and the missed opportunities to kill Osama bin Laden

​

at what point do you consider the humiliation you have suffered as a consequence, and stop relying on what you've been told to believe?

 

[IcebergSlim]

Except that the GSEs had very little to do with the crash....

Your ignorance was obvious previously. Now you are just compounding the matter.

Fannie Mae and Freddie Mac set the standards for all mortgage loans, government backed or conventional loans. That means when Fannie and Freddie were mandated by their overseeing committees in congress, to increase the percentage of sub-prime loans they bought, that went for conventional loans as well.

If you have a few hours, I'd be happy to sit down and explain the whole mess to you. I have some experience (40+ years) in the field and also teach real estate and real estate law. I've also had a mortgage brokers license for more than 30.

Fannie Mae and Freddie Mac set the standards for all mortgage loans, government backed or conventional loans.


You are an idiot......they only set the standards of CONFORMING LOANS to determine what they would buy......this had NOTHING to do with what mortgage originators were doing. They were passing the paper to private sector CMO securitizers.....

The GSE's went deeper into subprime because there was pressure on them to increase returns. Even so, their defulat rates were SUBSTANTIALLY lower than those of other sub prime buyers...

There is a good reason why you didn't address the issue of the FCIC report....

You don't have any idea what FCIC stands for...

 

[Mikeoxenormous]

What was the GDP growth Q1 when Obama took over? Just asking? You know the messiah who inherited an economy from Bush? President Trump inherited an economic mess from Obama? Double standards, without them liberals would have no standards at all.

In the spirit of giving, I'm gonna do you a major solid....


I'm not going to post that number before giving you a chance to look it up and get back to me....


You've got 5 minutes.....then I'm gonna show you what a fucking beefwit you are....

The number in question was NEGATIVE 5%......on the heels of a blistering NEGATIVE 8.2


Just how fucking oblivious and uninformed would someone have to be?

We're talking AndaronfuckingStupid.

So Trumps 1st qtr was .7% and you say that the bi racial, Muslim loving, Homosexual, ex dictators 1st was -5%. You fuckers ream Trump for his number, but O's was a lot worse. Glad you posted it and not me, for then you would be saying it was bullshit.

 

[Toddsterpatriot]

No, you didn't.

Now you're lying as yes, I did. The recession was so mild, it possibly wouldn't have even qualified as a recession if not for 9.11. While it started in March, that determination wasn't made until after 9.11.

So the recession started in March 2001 because 9/11....and that makes it Bush's fault.

Well who's to blame for not preventing 9.11 if not Bush? Clinton??

Well, Clinton did refuse to have Osama arrested by Sudan when they offered.
And he didn't launch a strike that could have killed Osama, but who's counting, eh?

So your latest claim is Bush caused the recession by not preventing 9/11.

Well, Clinton did refuse to have Osama arrested by Sudan when they offered.

​

Not exactly......or even close...

And he didn't launch a strike that could have killed Osama, but who's counting, eh?

​

These people did....

Bill Clinton and the missed opportunities to kill Osama bin Laden

​

at what point do you consider the humiliation you have suffered as a consequence, and stop relying on what you've been told to believe?

These people did....

Or this guy, at 5:30......



stop relying on what you've been told to believe?

DERP!

 

[IcebergSlim]

Now you're lying as yes, I did. The recession was so mild, it possibly wouldn't have even qualified as a recession if not for 9.11. While it started in March, that determination wasn't made until after 9.11.

So the recession started in March 2001 because 9/11....and that makes it Bush's fault.

Well who's to blame for not preventing 9.11 if not Bush? Clinton??

Well, Clinton did refuse to have Osama arrested by Sudan when they offered.
And he didn't launch a strike that could have killed Osama, but who's counting, eh?

So your latest claim is Bush caused the recession by not preventing 9/11.

Well, Clinton did refuse to have Osama arrested by Sudan when they offered.

​

Not exactly......or even close...

And he didn't launch a strike that could have killed Osama, but who's counting, eh?

​

These people did....

Bill Clinton and the missed opportunities to kill Osama bin Laden

​

at what point do you consider the humiliation you have suffered as a consequence, and stop relying on what you've been told to believe?

These people did....

Or this guy, at 5:30......



stop relying on what you've been told to believe?

DERP!

he says....re-catapulting the propaganda he has been fed.....in response to a detailed analysis of the actual events.

 

[Toddsterpatriot]

Except that the GSEs had very little to do with the crash....

Your ignorance was obvious previously. Now you are just compounding the matter.

Fannie Mae and Freddie Mac set the standards for all mortgage loans, government backed or conventional loans. That means when Fannie and Freddie were mandated by their overseeing committees in congress, to increase the percentage of sub-prime loans they bought, that went for conventional loans as well.

If you have a few hours, I'd be happy to sit down and explain the whole mess to you. I have some experience (40+ years) in the field and also teach real estate and real estate law. I've also had a mortgage brokers license for more than 30.

Fannie Mae and Freddie Mac set the standards for all mortgage loans, government backed or conventional loans.


You are an idiot......they only set the standards of CONFORMING LOANS to determine what they would buy......this had NOTHING to do with what mortgage originators were doing. They were passing the paper to private sector CMO securitizers.....

The GSE's went deeper into subprime because there was pressure on them to increase returns. Even so, their defulat rates were SUBSTANTIALLY lower than those of other sub prime buyers...

There is a good reason why you didn't address the issue of the FCIC report....

You don't have any idea what FCIC stands for...

......they only set the standards of CONFORMING LOANS to determine what they would buy......this had NOTHING to do with what mortgage originators were doing.

And they bought a huge chunk of subprime mortgages.

 

[Toddsterpatriot]

So the recession started in March 2001 because 9/11....and that makes it Bush's fault.

Well who's to blame for not preventing 9.11 if not Bush? Clinton??

Well, Clinton did refuse to have Osama arrested by Sudan when they offered.
And he didn't launch a strike that could have killed Osama, but who's counting, eh?

So your latest claim is Bush caused the recession by not preventing 9/11.

Well, Clinton did refuse to have Osama arrested by Sudan when they offered.

​

Not exactly......or even close...

And he didn't launch a strike that could have killed Osama, but who's counting, eh?

​

These people did....

Bill Clinton and the missed opportunities to kill Osama bin Laden

​

at what point do you consider the humiliation you have suffered as a consequence, and stop relying on what you've been told to believe?

These people did....

Or this guy, at 5:30......



stop relying on what you've been told to believe?

DERP!

he says....re-catapulting the propaganda he has been fed.....in response to a detailed analysis of the actual events.

Right, Clinton's own words, propaganda against him.

Hitting the sauce early, eh?

 

[IcebergSlim]

What was the GDP growth Q1 when Obama took over? Just asking? You know the messiah who inherited an economy from Bush? President Trump inherited an economic mess from Obama? Double standards, without them liberals would have no standards at all.

In the spirit of giving, I'm gonna do you a major solid....


I'm not going to post that number before giving you a chance to look it up and get back to me....


You've got 5 minutes.....then I'm gonna show you what a fucking beefwit you are....

The number in question was NEGATIVE 5%......on the heels of a blistering NEGATIVE 8.2


Just how fucking oblivious and uninformed would someone have to be?

We're talking AndaronfuckingStupid.

So Trumps 1st qtr was .7% and you say that the bi racial, Muslim loving, Homosexual, ex dictators 1st was -5%. You fuckers ream Trump for his number, but O's was a lot worse. Glad you posted it and not me, for then you would be saying it was bullshit.

Why don't you link me to the post where I "ream Trump for his number".......

If you cannot find such a post, you will immediately apologize, before eating shit and crawling away...


Deal?


I "credit" 1st qt gdp of every new POTUS to his predecessor......you will NEVER find me posting, or tolerating, anyone doing differently....this extends to the January jobs as well...

I've done this for decades...

 

[Mikeoxenormous]

What was the GDP growth Q1 when Obama took over? Just asking? You know the messiah who inherited an economy from Bush? President Trump inherited an economic mess from Obama? Double standards, without them liberals would have no standards at all.

In the spirit of giving, I'm gonna do you a major solid....


I'm not going to post that number before giving you a chance to look it up and get back to me....


You've got 5 minutes.....then I'm gonna show you what a fucking beefwit you are....

The number in question was NEGATIVE 5%......on the heels of a blistering NEGATIVE 8.2


Just how fucking oblivious and uninformed would someone have to be?

We're talking AndaronfuckingStupid.

So Trumps 1st qtr was .7% and you say that the bi racial, Muslim loving, Homosexual, ex dictators 1st was -5%. You fuckers ream Trump for his number, but O's was a lot worse. Glad you posted it and not me, for then you would be saying it was bullshit.

Why don't you link me to the post where I "ream Trump for his number".......

If you cannot find such a post, you will immediately apologize, before eating shit and crawling away...


Deal?


I "credit" 1st qt gdp of every new POTUS to his predecessor......you will NEVER find me posting, or tolerating, anyone doing differently....this extends to the January jobs as well...

I've done this for decades...

Oh now you take it personally when I said liberals ream and you must be a liberal so I mean you, right? Sorry, but I group all you Commie liberals together. As it is easer than selecting each of you retards

What was the GDP growth Q1 when Obama took over? Just asking? You know the messiah who inherited an economy from Bush? President Trump inherited an economic mess from Obama? Double standards, without them liberals would have no standards at all.

In the spirit of giving, I'm gonna do you a major solid....


I'm not going to post that number before giving you a chance to look it up and get back to me....


You've got 5 minutes.....then I'm gonna show you what a fucking beefwit you are....

The number in question was NEGATIVE 5%......on the heels of a blistering NEGATIVE 8.2


Just how fucking oblivious and uninformed would someone have to be?

We're talking AndaronfuckingStupid.

So Trumps 1st qtr was .7% and you say that the bi racial, Muslim loving, Homosexual, ex dictators 1st was -5%. You fuckers ream Trump for his number, but O's was a lot worse. Glad you posted it and not me, for then you would be saying it was bullshit.

Why don't you link me to the post where I "ream Trump for his number".......

If you cannot find such a post, you will immediately apologize, before eating shit and crawling away...


Deal?


I "credit" 1st qt gdp of every new POTUS to his predecessor......you will NEVER find me posting, or tolerating, anyone doing differently....this extends to the January jobs as well...

I've done this for decades...

You fuckers ream Trump for his number

This is meant for liberals in general, but if the shoe fits then wear it.

 

[IcebergSlim]

Except that the GSEs had very little to do with the crash....

Your ignorance was obvious previously. Now you are just compounding the matter.

Fannie Mae and Freddie Mac set the standards for all mortgage loans, government backed or conventional loans. That means when Fannie and Freddie were mandated by their overseeing committees in congress, to increase the percentage of sub-prime loans they bought, that went for conventional loans as well.

If you have a few hours, I'd be happy to sit down and explain the whole mess to you. I have some experience (40+ years) in the field and also teach real estate and real estate law. I've also had a mortgage brokers license for more than 30.

Fannie Mae and Freddie Mac set the standards for all mortgage loans, government backed or conventional loans.


You are an idiot......they only set the standards of CONFORMING LOANS to determine what they would buy......this had NOTHING to do with what mortgage originators were doing. They were passing the paper to private sector CMO securitizers.....

The GSE's went deeper into subprime because there was pressure on them to increase returns. Even so, their default rates were SUBSTANTIALLY lower than those of other sub prime buyers...

There is a good reason why you didn't address the issue of the FCIC report....

You don't have any idea what FCIC stands for...

......they only set the standards of CONFORMING LOANS to determine what they would buy......this had NOTHING to do with what mortgage originators were doing.

And they bought a huge chunk of subprime mortgages.

Apparently you couldn't find neither cause for complaint nor target for your reflexive indignation.....while you were sorting that out, you missed what transpired a mere two sentences later.....

The GSE's went deeper into subprime because there was pressure on them to increase returns.

​

Followed by

Even so, their default rates were SUBSTANTIALLY lower than those of other sub prime buyers...​