OK, I'll admit it, our friends on the left are correct; there IS a catch to the Trump tax cuts

[Toddsterpatriot]

Toddsterpatriot addressing the housing/mortgage/financial collapse.

Many believe the GOP was at fault 100%.

But enough about idiots like you......

Childish. NO ONE believes the GOP was at fault 100%. The GOP's fault was in not fighting Democrats who were Hell bent to make it easy to buy a home regardless of income, regardless of credit, regardless of savings.

Allow me:

Just to remind all our FRIENDS from the far left, the responsibility for this mess lies with Jimmy Carter, Bill Clinton, Barney Frank and Chris Dodd. AND WITH REPUBLICANS for backing off every time Barney Frank and his cronies played…THE RACE CARD! The housing bubble is what led to the downfall and that was driven by Democrats, starting with Jimmy Carter and hugely expanded by Bill Clinton. Here are the facts, once again, for you to ignore….

HUD TO FIGHT DISCRIMINATION, BOOST MINORITY HOMEOWNERSHIP AND WORK WITH URBAN LEAGUE TO FURTHER GOALS
August 5, 1997
HUD to Fight Discrimination, Boost Minority Homeownership and Work With Urban League to Further Goals - Free Online Library

New York Times - 1999
Fannie Mae Eases Credit To Aid Mortgage Lending -
Fannie Mae Eases Credit To Aid Mortgage Lending

President Bush’s and the Administrations Unheeded Warnings About the Systemic Risk Posed by the GSEs – Fannie and Freddie dating back to 2001
Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs

By Elliot Blair Smith,
USA TODAY
Fannie Mae to pay $400 million fine
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_hassett&sid=aSKSoiNbnQY0

Franklin Raines was Director of the Office of Management and Budget under Clinton and returned to Fannie Mae as its CEO in 1999. Raines is not a “chief” economic adviser for President Barack Hussein Obama but has advised the administration on mortgage and housing matters. Obama had hired another former Fannie CEO, Jim Johnson as a member of Obama’s V.P. search committee and who was forced to quit under fire.

Bloomberg News -
How the Democrats Created the Financial Crisis -
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_hassett&sid=aSKSoiNbnQY0

Democrats in their own words covering up the Fannie Mae, Freddie Mac


Timeline shows Bush, McCain warning Democrats of Financial Crisis


From the New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003 WASHINGTON,

Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
Read more: New Agency Proposed to Oversee Freddie Mac and Fannie Mae

[…]

###

From USNews and World Report
Barney Frank's Fannie and Freddie Muddle
By Sam Dealey

September 10, 2008

[…]

So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

[…]

http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

Wall Street Journal Barney’s Rubble – September 17, 2008
http://online.wsj.com/news/articles/SB122161010874845645

Barney Frank in 2005: What Housing Bubble?


Maxine Waters & Barney Frank - Then Vs. Now -

Embedded media from this media site is no longer available

Steve Kroft On Credit Default Swaps And Their Central Role In The Unfolding Economic Crisis -
The Bet That Blew Up Wall Street

All this, in addition to the repeal of the Glass-Steagall Act by President William Jefferson Clinton caused the meltdown.

It COULD have been stopped or greatly reduced. Democrats fought that every step of the way and the Republicans wilted under the barrage of being called racist and worse.

The repeal of the glass-steagall Act was a GOP bill a GOP idea and they got Bill to sign it. Bill was a economic conservative idiot.

The repeal of the glass-steagall Act was a GOP bill

A bill that had nothing to do with banks writing crappy mortgages.

 

[Ray From Cleveland]

It was regulators and oversight people Pals of the bush... Just look at the numbers of ridiculous A+ rated crap... Read a newspaper in

Why don't you read a newspaper? The AAA ratings were mostly given out by Moody's which is not affiliated with Republicans or Bush in any way. Standard and Poor's was the second culprit.

Funny how every time the Republicans are in for 8 years they have a depression corrupt depression? Are you pleased that you're voting to make lobbyists powerful in DC?

Yes, I'm very pleased, a lot more pleased than making a bunch of environmentalists and trial lawyers happy. Now are you going to tell me that Democrats have no lobbyists like Republicans? You're delusional.

 

[francoHFW]

I'm supposed to do your research for you now?

I gave you the answer. Why did you not bother to read it?

Allow me to post it again for your convenience.

Share with us how many people earn $10 MILLION per year.

That would place someone in the top .1% of all income tax returns filed. One-tenth of one percent or 140 tax returns. How much of a difference does that make in our revenues?

Summary of the Latest Federal Income Tax Data, 2016 Update - Tax Foundation

That is GOP b******* propaganda All about the federal income tax which is the only progressive tax we have. if you count all taxes and fees everyone pays between 19 and 29%.

 

[francoHFW]

It was regulators and oversight people Pals of the bush... Just look at the numbers of ridiculous A+ rated crap... Read a newspaper in

Why don't you read a newspaper? The AAA ratings were mostly given out by Moody's which is not affiliated with Republicans or Bush in any way. Standard and Poor's was the second culprit.

Funny how every time the Republicans are in for 8 years they have a depression corrupt depression? Are you pleased that you're voting to make lobbyists powerful in DC?

Yes, I'm very pleased, a lot more pleased than making a bunch of environmentalists and trial lawyers happy. Now are you going to tell me that Democrats have no lobbyists like Republicans? You're delusional.

Trial lawyers Republicans are lawyers just as much as Democrats. And of course environmentalists have no money at all in comparison to corporations and the richest people in America. Stupid argument, Dupe.

 

[francoHFW]

It was regulators and oversight people Pals of the bush... Just look at the numbers of ridiculous A+ rated crap... Read a newspaper in

Why don't you read a newspaper? The AAA ratings were mostly given out by Moody's which is not affiliated with Republicans or Bush in any way. Standard and Poor's was the second culprit.

Funny how every time the Republicans are in for 8 years they have a depression corrupt depression? Are you pleased that you're voting to make lobbyists powerful in DC?

Yes, I'm very pleased, a lot more pleased than making a bunch of environmentalists and trial lawyers happy. Now are you going to tell me that Democrats have no lobbyists like Republicans? You're delusional.

Trial lawyers Republicans are lawyers just as much as Democrats. And of course environmentalists have no money at all in comparison to corporations and the richest people in America. Stupid argument, Dupe.

You're in favor of the sloppiest mess we have in Washington? LOL! You really must read something.

 

[GWV5903]

Toddsterpatriot addressing the housing/mortgage/financial collapse.

Many believe the GOP was at fault 100%.

But enough about idiots like you......

Childish. NO ONE believes the GOP was at fault 100%. The GOP's fault was in not fighting Democrats who were Hell bent to make it easy to buy a home regardless of income, regardless of credit, regardless of savings.

Allow me:

Just to remind all our FRIENDS from the far left, the responsibility for this mess lies with Jimmy Carter, Bill Clinton, Barney Frank and Chris Dodd. AND WITH REPUBLICANS for backing off every time Barney Frank and his cronies played…THE RACE CARD! The housing bubble is what led to the downfall and that was driven by Democrats, starting with Jimmy Carter and hugely expanded by Bill Clinton. Here are the facts, once again, for you to ignore….

HUD TO FIGHT DISCRIMINATION, BOOST MINORITY HOMEOWNERSHIP AND WORK WITH URBAN LEAGUE TO FURTHER GOALS
August 5, 1997
HUD to Fight Discrimination, Boost Minority Homeownership and Work With Urban League to Further Goals - Free Online Library

New York Times - 1999
Fannie Mae Eases Credit To Aid Mortgage Lending -
Fannie Mae Eases Credit To Aid Mortgage Lending

President Bush’s and the Administrations Unheeded Warnings About the Systemic Risk Posed by the GSEs – Fannie and Freddie dating back to 2001
Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs

By Elliot Blair Smith,
USA TODAY
Fannie Mae to pay $400 million fine
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_hassett&sid=aSKSoiNbnQY0

Franklin Raines was Director of the Office of Management and Budget under Clinton and returned to Fannie Mae as its CEO in 1999. Raines is not a “chief” economic adviser for President Barack Hussein Obama but has advised the administration on mortgage and housing matters. Obama had hired another former Fannie CEO, Jim Johnson as a member of Obama’s V.P. search committee and who was forced to quit under fire.

Bloomberg News -
How the Democrats Created the Financial Crisis -
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_hassett&sid=aSKSoiNbnQY0

Democrats in their own words covering up the Fannie Mae, Freddie Mac


Timeline shows Bush, McCain warning Democrats of Financial Crisis


From the New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003 WASHINGTON,

Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
Read more: New Agency Proposed to Oversee Freddie Mac and Fannie Mae

[…]

###

From USNews and World Report
Barney Frank's Fannie and Freddie Muddle
By Sam Dealey

September 10, 2008

[…]

So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

[…]

http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

Wall Street Journal Barney’s Rubble – September 17, 2008
http://online.wsj.com/news/articles/SB122161010874845645

Barney Frank in 2005: What Housing Bubble?


Maxine Waters & Barney Frank - Then Vs. Now -

Embedded media from this media site is no longer available

Steve Kroft On Credit Default Swaps And Their Central Role In The Unfolding Economic Crisis -
The Bet That Blew Up Wall Street

All this, in addition to the repeal of the Glass-Steagall Act by President William Jefferson Clinton caused the meltdown.

It COULD have been stopped or greatly reduced. Democrats fought that every step of the way and the Republicans wilted under the barrage of being called racist and worse.

Don't forget Andrew Cuomo, he and Raines are as guilty as it gets....

 

[GWV5903]

Toddsterpatriot addressing the housing/mortgage/financial collapse.

Many believe the GOP was at fault 100%.

But enough about idiots like you......

Childish. NO ONE believes the GOP was at fault 100%. The GOP's fault was in not fighting Democrats who were Hell bent to make it easy to buy a home regardless of income, regardless of credit, regardless of savings.

Allow me:

Just to remind all our FRIENDS from the far left, the responsibility for this mess lies with Jimmy Carter, Bill Clinton, Barney Frank and Chris Dodd. AND WITH REPUBLICANS for backing off every time Barney Frank and his cronies played…THE RACE CARD! The housing bubble is what led to the downfall and that was driven by Democrats, starting with Jimmy Carter and hugely expanded by Bill Clinton. Here are the facts, once again, for you to ignore….

HUD TO FIGHT DISCRIMINATION, BOOST MINORITY HOMEOWNERSHIP AND WORK WITH URBAN LEAGUE TO FURTHER GOALS
August 5, 1997
HUD to Fight Discrimination, Boost Minority Homeownership and Work With Urban League to Further Goals - Free Online Library

New York Times - 1999
Fannie Mae Eases Credit To Aid Mortgage Lending -
Fannie Mae Eases Credit To Aid Mortgage Lending

President Bush’s and the Administrations Unheeded Warnings About the Systemic Risk Posed by the GSEs – Fannie and Freddie dating back to 2001
Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs

By Elliot Blair Smith,
USA TODAY
Fannie Mae to pay $400 million fine
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_hassett&sid=aSKSoiNbnQY0

Franklin Raines was Director of the Office of Management and Budget under Clinton and returned to Fannie Mae as its CEO in 1999. Raines is not a “chief” economic adviser for President Barack Hussein Obama but has advised the administration on mortgage and housing matters. Obama had hired another former Fannie CEO, Jim Johnson as a member of Obama’s V.P. search committee and who was forced to quit under fire.

Bloomberg News -
How the Democrats Created the Financial Crisis -
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_hassett&sid=aSKSoiNbnQY0

Democrats in their own words covering up the Fannie Mae, Freddie Mac


Timeline shows Bush, McCain warning Democrats of Financial Crisis


From the New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003 WASHINGTON,

Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
Read more: New Agency Proposed to Oversee Freddie Mac and Fannie Mae

[…]

###

From USNews and World Report
Barney Frank's Fannie and Freddie Muddle
By Sam Dealey

September 10, 2008

[…]

So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

[…]

http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

Wall Street Journal Barney’s Rubble – September 17, 2008
http://online.wsj.com/news/articles/SB122161010874845645

Barney Frank in 2005: What Housing Bubble?


Maxine Waters & Barney Frank - Then Vs. Now -

Embedded media from this media site is no longer available

Steve Kroft On Credit Default Swaps And Their Central Role In The Unfolding Economic Crisis -
The Bet That Blew Up Wall Street

All this, in addition to the repeal of the Glass-Steagall Act by President William Jefferson Clinton caused the meltdown.

It COULD have been stopped or greatly reduced. Democrats fought that every step of the way and the Republicans wilted under the barrage of being called racist and worse.

The repeal of the glass-steagall Act was a GOP bill a GOP idea and they got Bill to sign it. Bill was a economic conservative idiot.

The repeal of the glass-steagall Act was a GOP bill

A bill that had nothing to do with banks writing crappy mortgages.

Glass-Stegall was a mistake no question about it, Clinton signed it though...

Gramm–Leach–Bliley Act opened commercial banking up to retail lending, big mistake...

The CRA bore the ground work that led to the meltdown...

 

[Toddsterpatriot]

Toddsterpatriot addressing the housing/mortgage/financial collapse.

Many believe the GOP was at fault 100%.

But enough about idiots like you......

Childish. NO ONE believes the GOP was at fault 100%. The GOP's fault was in not fighting Democrats who were Hell bent to make it easy to buy a home regardless of income, regardless of credit, regardless of savings.

Allow me:

Just to remind all our FRIENDS from the far left, the responsibility for this mess lies with Jimmy Carter, Bill Clinton, Barney Frank and Chris Dodd. AND WITH REPUBLICANS for backing off every time Barney Frank and his cronies played…THE RACE CARD! The housing bubble is what led to the downfall and that was driven by Democrats, starting with Jimmy Carter and hugely expanded by Bill Clinton. Here are the facts, once again, for you to ignore….

HUD TO FIGHT DISCRIMINATION, BOOST MINORITY HOMEOWNERSHIP AND WORK WITH URBAN LEAGUE TO FURTHER GOALS
August 5, 1997
HUD to Fight Discrimination, Boost Minority Homeownership and Work With Urban League to Further Goals - Free Online Library

New York Times - 1999
Fannie Mae Eases Credit To Aid Mortgage Lending -
Fannie Mae Eases Credit To Aid Mortgage Lending

President Bush’s and the Administrations Unheeded Warnings About the Systemic Risk Posed by the GSEs – Fannie and Freddie dating back to 2001
Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs

By Elliot Blair Smith,
USA TODAY
Fannie Mae to pay $400 million fine
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_hassett&sid=aSKSoiNbnQY0

Franklin Raines was Director of the Office of Management and Budget under Clinton and returned to Fannie Mae as its CEO in 1999. Raines is not a “chief” economic adviser for President Barack Hussein Obama but has advised the administration on mortgage and housing matters. Obama had hired another former Fannie CEO, Jim Johnson as a member of Obama’s V.P. search committee and who was forced to quit under fire.

Bloomberg News -
How the Democrats Created the Financial Crisis -
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_hassett&sid=aSKSoiNbnQY0

Democrats in their own words covering up the Fannie Mae, Freddie Mac


Timeline shows Bush, McCain warning Democrats of Financial Crisis


From the New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003 WASHINGTON,

Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
Read more: New Agency Proposed to Oversee Freddie Mac and Fannie Mae

[…]

###

From USNews and World Report
Barney Frank's Fannie and Freddie Muddle
By Sam Dealey

September 10, 2008

[…]

So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

[…]

http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

Wall Street Journal Barney’s Rubble – September 17, 2008
http://online.wsj.com/news/articles/SB122161010874845645

Barney Frank in 2005: What Housing Bubble?


Maxine Waters & Barney Frank - Then Vs. Now -

Embedded media from this media site is no longer available

Steve Kroft On Credit Default Swaps And Their Central Role In The Unfolding Economic Crisis -
The Bet That Blew Up Wall Street

All this, in addition to the repeal of the Glass-Steagall Act by President William Jefferson Clinton caused the meltdown.

It COULD have been stopped or greatly reduced. Democrats fought that every step of the way and the Republicans wilted under the barrage of being called racist and worse.

The repeal of the glass-steagall Act was a GOP bill a GOP idea and they got Bill to sign it. Bill was a economic conservative idiot.

The repeal of the glass-steagall Act was a GOP bill

A bill that had nothing to do with banks writing crappy mortgages.

Glass-Stegall was a mistake no question about it, Clinton signed it though...

Gramm–Leach–Bliley Act opened commercial banking up to retail lending, big mistake...

The CRA bore the ground work that led to the meltdown...

Gramm–Leach–Bliley Act opened commercial banking up to retail lending

Commercial banks couldn't do retail lending? Are you sure?

​

 

[Ray From Cleveland]

It was regulators and oversight people Pals of the bush... Just look at the numbers of ridiculous A+ rated crap... Read a newspaper in

Why don't you read a newspaper? The AAA ratings were mostly given out by Moody's which is not affiliated with Republicans or Bush in any way. Standard and Poor's was the second culprit.

Funny how every time the Republicans are in for 8 years they have a depression corrupt depression? Are you pleased that you're voting to make lobbyists powerful in DC?

Yes, I'm very pleased, a lot more pleased than making a bunch of environmentalists and trial lawyers happy. Now are you going to tell me that Democrats have no lobbyists like Republicans? You're delusional.

Trial lawyers Republicans are lawyers just as much as Democrats. And of course environmentalists have no money at all in comparison to corporations and the richest people in America. Stupid argument, Dupe.

What party do you suppose gets the most campaign money from trial lawyers? The Sierra Club has no money? The Unions have no money? You want to talk about corporate America campaign contributions, do you think the Democrats don't get a chunk of change from them as well? Who runs Apple? Who runs Microsoft? Who runs Starbucks and Cosco?

 

[francoHFW]

It was regulators and oversight people Pals of the bush... Just look at the numbers of ridiculous A+ rated crap... Read a newspaper in

Why don't you read a newspaper? The AAA ratings were mostly given out by Moody's which is not affiliated with Republicans or Bush in any way. Standard and Poor's was the second culprit.

Funny how every time the Republicans are in for 8 years they have a depression corrupt depression? Are you pleased that you're voting to make lobbyists powerful in DC?

Yes, I'm very pleased, a lot more pleased than making a bunch of environmentalists and trial lawyers happy. Now are you going to tell me that Democrats have no lobbyists like Republicans? You're delusional.

The Democrats limit lobbyists as much as they can but of course the GOP is fantastic at blocking reform. Oh sorry you don't know about all that change the channel.

 

[francoHFW]

It was regulators and oversight people Pals of the bush... Just look at the numbers of ridiculous A+ rated crap... Read a newspaper in

Why don't you read a newspaper? The AAA ratings were mostly given out by Moody's which is not affiliated with Republicans or Bush in any way. Standard and Poor's was the second culprit.

Funny how every time the Republicans are in for 8 years they have a depression corrupt depression? Are you pleased that you're voting to make lobbyists powerful in DC?

Yes, I'm very pleased, a lot more pleased than making a bunch of environmentalists and trial lawyers happy. Now are you going to tell me that Democrats have no lobbyists like Republicans? You're delusional.

Trial lawyers Republicans are lawyers just as much as Democrats. And of course environmentalists have no money at all in comparison to corporations and the richest people in America. Stupid argument, Dupe.

What party do you suppose gets the most campaign money from trial lawyers? The Sierra Club has no money? The Unions have no money? You want to talk about corporate America campaign contributions, do you think the Democrats don't get a chunk of change from them as well? Who runs Apple? Who runs Microsoft? Who runs Starbucks and Cosco?

Campaign money is infinitisimal these days compared to lobbyists which are the corporations themselves not there Democratic minorities.... We're talking about lobbyists not campaign funding which is another GOP disgrace with citizens united.

 

[Ray From Cleveland]

Why don't you read a newspaper? The AAA ratings were mostly given out by Moody's which is not affiliated with Republicans or Bush in any way. Standard and Poor's was the second culprit.

Funny how every time the Republicans are in for 8 years they have a depression corrupt depression? Are you pleased that you're voting to make lobbyists powerful in DC?

Yes, I'm very pleased, a lot more pleased than making a bunch of environmentalists and trial lawyers happy. Now are you going to tell me that Democrats have no lobbyists like Republicans? You're delusional.

Trial lawyers Republicans are lawyers just as much as Democrats. And of course environmentalists have no money at all in comparison to corporations and the richest people in America. Stupid argument, Dupe.

What party do you suppose gets the most campaign money from trial lawyers? The Sierra Club has no money? The Unions have no money? You want to talk about corporate America campaign contributions, do you think the Democrats don't get a chunk of change from them as well? Who runs Apple? Who runs Microsoft? Who runs Starbucks and Cosco?

Campaign money is infinitisimal these days compared to lobbyists which are the corporations themselves not there Democratic minorities.... We're talking about lobbyists not campaign funding which is another GOP disgrace with citizens united.

Would you like a list of Democrat lobbyists? Would you like a list of corporate campaign contributions to the Democrat party?

Don't pretend that lobbyists and corporate campaign contributions are exclusive to Republicans.

 

[Ray From Cleveland]

It was regulators and oversight people Pals of the bush... Just look at the numbers of ridiculous A+ rated crap... Read a newspaper in

Why don't you read a newspaper? The AAA ratings were mostly given out by Moody's which is not affiliated with Republicans or Bush in any way. Standard and Poor's was the second culprit.

Funny how every time the Republicans are in for 8 years they have a depression corrupt depression? Are you pleased that you're voting to make lobbyists powerful in DC?

Yes, I'm very pleased, a lot more pleased than making a bunch of environmentalists and trial lawyers happy. Now are you going to tell me that Democrats have no lobbyists like Republicans? You're delusional.

The Democrats limit lobbyists as much as they can but of course the GOP is fantastic at blocking reform. Oh sorry you don't know about all that change the channel.

Yeah, they sure limit them. That's why Hillary outspent Trump (a corporate entity) three to one. WTF did she get all that money from, the homeless?

 

[francoHFW]

Toddsterpatriot addressing the housing/mortgage/financial collapse.

Many believe the GOP was at fault 100%.

But enough about idiots like you......

Childish. NO ONE believes the GOP was at fault 100%. The GOP's fault was in not fighting Democrats who were Hell bent to make it easy to buy a home regardless of income, regardless of credit, regardless of savings.

Allow me:

Just to remind all our FRIENDS from the far left, the responsibility for this mess lies with Jimmy Carter, Bill Clinton, Barney Frank and Chris Dodd. AND WITH REPUBLICANS for backing off every time Barney Frank and his cronies played…THE RACE CARD! The housing bubble is what led to the downfall and that was driven by Democrats, starting with Jimmy Carter and hugely expanded by Bill Clinton. Here are the facts, once again, for you to ignore….

HUD TO FIGHT DISCRIMINATION, BOOST MINORITY HOMEOWNERSHIP AND WORK WITH URBAN LEAGUE TO FURTHER GOALS
August 5, 1997
HUD to Fight Discrimination, Boost Minority Homeownership and Work With Urban League to Further Goals - Free Online Library

New York Times - 1999
Fannie Mae Eases Credit To Aid Mortgage Lending -
Fannie Mae Eases Credit To Aid Mortgage Lending

President Bush’s and the Administrations Unheeded Warnings About the Systemic Risk Posed by the GSEs – Fannie and Freddie dating back to 2001
Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs

By Elliot Blair Smith,
USA TODAY
Fannie Mae to pay $400 million fine
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_hassett&sid=aSKSoiNbnQY0

Franklin Raines was Director of the Office of Management and Budget under Clinton and returned to Fannie Mae as its CEO in 1999. Raines is not a “chief” economic adviser for President Barack Hussein Obama but has advised the administration on mortgage and housing matters. Obama had hired another former Fannie CEO, Jim Johnson as a member of Obama’s V.P. search committee and who was forced to quit under fire.

Bloomberg News -
How the Democrats Created the Financial Crisis -
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_hassett&sid=aSKSoiNbnQY0

Democrats in their own words covering up the Fannie Mae, Freddie Mac


Timeline shows Bush, McCain warning Democrats of Financial Crisis


From the New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003 WASHINGTON,

Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
Read more: New Agency Proposed to Oversee Freddie Mac and Fannie Mae

[…]

###

From USNews and World Report
Barney Frank's Fannie and Freddie Muddle
By Sam Dealey

September 10, 2008

[…]

So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

[…]

http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

Wall Street Journal Barney’s Rubble – September 17, 2008
http://online.wsj.com/news/articles/SB122161010874845645

Barney Frank in 2005: What Housing Bubble?


Maxine Waters & Barney Frank - Then Vs. Now -

Embedded media from this media site is no longer available

Steve Kroft On Credit Default Swaps And Their Central Role In The Unfolding Economic Crisis -
The Bet That Blew Up Wall Street

All this, in addition to the repeal of the Glass-Steagall Act by President William Jefferson Clinton caused the meltdown.

It COULD have been stopped or greatly reduced. Democrats fought that every step of the way and the Republicans wilted under the barrage of being called racist and worse.

The repeal of the glass-steagall Act was a GOP bill a GOP idea and they got Bill to sign it. Bill was a economic conservative idiot.

The repeal of the glass-steagall Act was a GOP bill

A bill that had nothing to do with banks writing crappy mortgages.

Glass-Stegall was a mistake no question about it, Clinton signed it though...

Gramm–Leach–Bliley Act opened commercial banking up to retail lending, big mistake...

The CRA bore the ground work that led to the meltdown...

Clinton tried to be bipartisan, now we all know it's a total waste of time.

 

[francoHFW]

It was regulators and oversight people Pals of the bush... Just look at the numbers of ridiculous A+ rated crap... Read a newspaper in

Why don't you read a newspaper? The AAA ratings were mostly given out by Moody's which is not affiliated with Republicans or Bush in any way. Standard and Poor's was the second culprit.

Funny how every time the Republicans are in for 8 years they have a depression corrupt depression? Are you pleased that you're voting to make lobbyists powerful in DC?

Yes, I'm very pleased, a lot more pleased than making a bunch of environmentalists and trial lawyers happy. Now are you going to tell me that Democrats have no lobbyists like Republicans? You're delusional.

The Democrats limit lobbyists as much as they can but of course the GOP is fantastic at blocking reform. Oh sorry you don't know about all that change the channel.

Yeah, they sure limit them. That's why Hillary outspent Trump (a corporate entity) three to one. WTF did she get all that money from, the homeless?

You're talking campaign financing again not that's not supporting lobbyists like the GOP does all the time, misinformed one. Voting for The GOP to drain the swamp is a con job that's for sure but you believe anything so...

 

[francoHFW]

Seriously you dupes don't seem to be able to discuss issues that are relevant to life, just characters assassination and phony scandals....

 

[francoHFW]

Seriously you dupes don't seem to be able to discuss issues that are relevant to life, just characters assassination and phony scandals....

We're discussing lobbyists and the corporate swamp, all GOP Pals. And no, taking money for a speech from Wall Street is not the same thing, speaking of phony scandals...

 

[francoHFW]

It was regulators and oversight people Pals of the bush... Just look at the numbers of ridiculous A+ rated crap... Read a newspaper in

Why don't you read a newspaper? The AAA ratings were mostly given out by Moody's which is not affiliated with Republicans or Bush in any way. Standard and Poor's was the second culprit.

Funny how every time the Republicans are in for 8 years they have a depression corrupt depression? Are you pleased that you're voting to make lobbyists powerful in DC?

Yes, I'm very pleased, a lot more pleased than making a bunch of environmentalists and trial lawyers happy. Now are you going to tell me that Democrats have no lobbyists like Republicans? You're delusional.

Trial lawyers Republicans are lawyers just as much as Democrats. And of course environmentalists have no money at all in comparison to corporations and the richest people in America. Stupid argument, Dupe.

What party do you suppose gets the most campaign money from trial lawyers? The Sierra Club has no money? The Unions have no money? You want to talk about corporate America campaign contributions, do you think the Democrats don't get a chunk of change from them as well? Who runs Apple? Who runs Microsoft? Who runs Starbucks and Cosco?

I thought we were talking about lobbyists. you go right into campaign financing which is unimportant at this point...

 

[francoHFW]

Why don't you read a newspaper? The AAA ratings were mostly given out by Moody's which is not affiliated with Republicans or Bush in any way. Standard and Poor's was the second culprit.

Funny how every time the Republicans are in for 8 years they have a depression corrupt depression? Are you pleased that you're voting to make lobbyists powerful in DC?

Yes, I'm very pleased, a lot more pleased than making a bunch of environmentalists and trial lawyers happy. Now are you going to tell me that Democrats have no lobbyists like Republicans? You're delusional.

Trial lawyers Republicans are lawyers just as much as Democrats. And of course environmentalists have no money at all in comparison to corporations and the richest people in America. Stupid argument, Dupe.

What party do you suppose gets the most campaign money from trial lawyers? The Sierra Club has no money? The Unions have no money? You want to talk about corporate America campaign contributions, do you think the Democrats don't get a chunk of change from them as well? Who runs Apple? Who runs Microsoft? Who runs Starbucks and Cosco?

I thought we were talking about lobbyists. you go right into campaign financing which is unimportant at this point...

The problem is Big Health Big Oil big Pharma which has bought the GOP.

 

[bgrouse]

Anyway, it's pointless debating income tax with you idiots when you don't even know what income is. We have this idiot, Ray, who can't figure out what "income" is:

Why would that be taxable?

I didn't ask you if it was taxable, I asked you if it was income. You're the expert on the definition of "income," right? You tell me. Is it income?

Income is defined by the IRS and most importantly, by if it is taxable.

No, I don't think it's income. Even if the IRS said it was, who in the world would report finding cash???

The IRS did say so. And so did the courts.

Cesarini v. United States - Wikipedia

Between that and alimony, it sounds like you have no clue WTF you're talking about with your "capital or labor" bullshit. Those are just examples, as the definition indicates with its lack of commas. Even if you cherrypicked one definition of "income" from some dictionary that only listed labor and capital, it would just be cherrypicking. Everyone knows that "income" is basically "that which comes in" and generally wealth "comes in" when it changes hands/title. Just look at the damned word!

Followed by this genius who can't figure out that taxing inheritance as regular income to the recipient (the person getting the income) wouldn't tax an individual "multiply times" on the same money:

Did I say all those that inherit money are spoiled rich deadbeats? No, but enough are and there's no reason to not tax inheritance.

Any Inheritance Tax that is imposed is a minimum of Double Taxation, in other words it's called stealing...

Money generally gets taxed by income tax whenever it changes hands, like if you use your taxed wages to buy a bagel. The bagel salesman pays tax on his profit. Is that stealing, too?

If I leave my wife, children, niece or nephew what I have already earned, yes it's Double Taxation and it's stealing. If I am buying a good or services they are taxed, the difference is simple, I earned it and I am giving it to whom ever I want, I am not buying something. The Federal Government, State or Local has no business taxing an individual multiply times. Furthermore if it is such a just tax why not attach it to all monies instead of a select amount and higher?

And of course this jackass, who thinks income is only what you get from work or investments:

If you GET money from inheritance, it is income, just exempted from tax. Don't be an idiot.

I told him the same, don't be like bgrouse.

Someone said Trump got rich by working.

in·come
ˈinˌkəm/
noun

1. money received, for work or through investments.

Got it?

Not at all, what the real issue is, you believe the Feds can tax someones inheritance, again and again and again and again

Once again, the inheritance would be taxed once when the recipient receives the income, meeting your stringent requirement of "The Federal Government, State or Local has no business taxing an individual multiply times." If you don't think that's the case, then explain to me where this individual would get taxed not once, not twice, not thrice, but 4-5 times. I'm counting one time: when his father dies and he receives the inheritance.

because they succeeded financially and you think its not fair they have it and you don't, period, that's the simple truth you're not willing to admit. Instead of a civil debate you resort to calling anyone who doesn't agree with you an Idiot, what it says is very clear, you're not very happy with your own failures...

As for Income Taxes / Payroll Taxes (stay with me here, you have proven beyond a shadow of a doubt this is were you get lost) I am in favor of a Flat Tax, everyone contributes, no questions about it.

These are 2 totally different issues, act like a human and not a Civil Servant or worse a Democrat...

The DNC is now the Communist Party of America...

I'm calling you an idiot because that's precisely what you are given that you're stumbling over such simple matters as American income taxation basics and refusing to learn when taught.