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

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
And where did I say we should only tax inherited amounts amounting to $10,000,000? I think the same should be true for inheritances amounting to $9,999,999 for your information.


You can split hairs all you want about it being a business bankruptcy. It's still a bankruptcy of his business.

No splitting hairs, I simply post the truth.

Do feel this way about everyone or just the massively successful President Donald Trump?

Do you think everyone who has a business which is forced into bankruptcy should be forced to make good on that money with their personal funds?

Do you believe the Constitution should be amended? If not, you're lying too.

Once again, you're asking questions that have nothing to do with what I said. I said he got a handout from the government. I said nothing about making him pay it back.

Wonderful, but it doesn't make him any less of a deadbeat that benefited from and received a handout from the government. A bigger handout than the vast majority of the welfare recipients out there I suspect.

How did he get a handout from the government? Please be specific. Where, when, how much and how.
You just posted about it.
 
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:

You got it all figured out, from Communist manifesto?
Start small and learn the basics of American income taxation before you move onto foreign economic theory, clown.

You're the one talking about and promoting communist system, soyboy. Not me.
How would you know? You're too much of a moron to figure out what American income is.
 
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:

You got it all figured out, from Communist manifesto?
Start small and learn the basics of American income taxation before you move onto foreign economic theory, clown.

You're the one talking about and promoting communist system, soyboy. Not me.
How would you know? You're too much of a moron to figure out what American income is.

You must confused me with someone else. Unless everyone who disagree with you know nothing about income tax. Based on what you said so far, my conclusion is that your transgender poetry degree doesn't make you an expert on economics. Neither on communism which you're promoting here without even knowing.

The soy has messed up your brain, take a break from it.
 
You're right the real estate bubble burst of 2008 had nothing to do with the GOP. LOL!

No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
Many believe the GOP was at fault 100%. And their Pals in the independent real estate game
... At Wall Street and big oil and big health. You poor dupes. Your party blocks all kinds of laws against lobbyists, they're just in bed with the lobbyists... You don't know that, but you know every detail of many phony scandals and character assassination...

Again, you won’t own what you said, you claimed that the right is claiming they had nothing to do with the 2008 recession and that is a flat out LIE! Then you try to spin it. You are dishonest to the core and a fraud.

Only dishonest or ignorant people believe the GOP was 100% at fault. Tons and tons of articles and experts show that stupid, ignorant dupes that blame went on both sides, however you aren’t smart enough or man enough to figure it out. As far as the rest of your statement, just more lies and leftwing propaganda, I sure wish we had true liberals instead of hater dupes such as yourself.
 
You're right the real estate bubble burst of 2008 had nothing to do with the GOP. LOL!

No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
You're right the real estate bubble burst of 2008 had nothing to do with the GOP. LOL!

No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
Many believe the GOP was at fault 100%. And their Pals in the independent real estate game
... At Wall Street and big oil and big health. You poor dupes. Your party blocks all kinds of laws against lobbyists, they're just in bed with the lobbyists... You don't know that, but you know every detail of many phony scandals and character assassination...

Many believe the GOP was at fault 100%.

But enough about idiots like you......
Funny isn't it how all the world depressions are caused by the GOP? Every time they're in for 8 years there's a depression based on corruption and just being stupid...

More left wing propaganda, it works well for the non-thinkers that have to be spoon fed by the party.
 
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.

Thank you for the incredible pile of crap... Fannie and Freddie lost two-thirds of their share of the market in 2000 to 2003 when the independence financial institutions and Friends of George W and the bushies took over regulation of the market and destroyed it with their buddies... Republicans are always trying to f*** with Fannie and Freddie which has worked very well until the idiots of the scumbag GOP and You dupes got going...

Are you happy to be voting for lobbyists and their power in Washington?


Losing the battle, so you being the dishonest dupe tries to change the narrative. Lobbyists come in from both parties, why do you think Obamacare became such a mess? It was from lobbyists influencing Democrats when they wrote the bill so it would protect insurance companies and the AMA.

Left wing dupes are so easily fooled. I wish we had Liberals back instead of you fools.
 
You're right the real estate bubble burst of 2008 had nothing to do with the GOP. LOL!

No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
Many believe the GOP was at fault 100%. And their Pals in the independent real estate game
... At Wall Street and big oil and big health. You poor dupes. Your party blocks all kinds of laws against lobbyists, they're just in bed with the lobbyists... You don't know that, but you know every detail of many phony scandals and character assassination...

Again, you won’t own what you said, you claimed that the right is claiming they had nothing to do with the 2008 recession and that is a flat out LIE! Then you try to spin it. You are dishonest to the core and a fraud.

Only dishonest or ignorant people believe the GOP was 100% at fault. Tons and tons of articles and experts show that stupid, ignorant dupes that blame went on both sides, however you aren’t smart enough or man enough to figure it out. As far as the rest of your statement, just more lies and leftwing propaganda, I sure wish we had true liberals instead of hater dupes such as yourself.
I've showed you all the proof you could ever want in the past. You're just not going to believe facts. It happens every time the GOP has 8 years...
 
You're right the real estate bubble burst of 2008 had nothing to do with the GOP. LOL!

No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
You're right the real estate bubble burst of 2008 had nothing to do with the GOP. LOL!

No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
Many believe the GOP was at fault 100%. And their Pals in the independent real estate game
... At Wall Street and big oil and big health. You poor dupes. Your party blocks all kinds of laws against lobbyists, they're just in bed with the lobbyists... You don't know that, but you know every detail of many phony scandals and character assassination...

Many believe the GOP was at fault 100%.

But enough about idiots like you......
Funny isn't it how all the world depressions are caused by the GOP? Every time they're in for 8 years there's a depression based on corruption and just being stupid...

More left wing propaganda, it works well for the non-thinkers that have to be spoon fed by the party.
Left-wing propaganda, also known as independent journalism, super dupe.
 
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.

Thank you for the incredible pile of crap... Fannie and Freddie lost two-thirds of their share of the market in 2000 to 2003 when the independence financial institutions and Friends of George W and the bushies took over regulation of the market and destroyed it with their buddies... Republicans are always trying to f*** with Fannie and Freddie which has worked very well until the idiots of the scumbag GOP and You dupes got going...

Are you happy to be voting for lobbyists and their power in Washington?


Losing the battle, so you being the dishonest dupe tries to change the narrative. Lobbyists come in from both parties, why do you think Obamacare became such a mess? It was from lobbyists influencing Democrats when they wrote the bill so it would protect insurance companies and the AMA.

Left wing dupes are so easily fooled. I wish we had Liberals back instead of you fools.

But only the GOP votes for and protects lobbyists. Duh.
 
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:

You got it all figured out, from Communist manifesto?
Start small and learn the basics of American income taxation before you move onto foreign economic theory, clown.

You're the one talking about and promoting communist system, soyboy. Not me.
How would you know? You're too much of a moron to figure out what American income is.

You must confused me with someone else. Unless everyone who disagree with you know nothing about income tax. Based on what you said so far, my conclusion is that your transgender poetry degree doesn't make you an expert on economics. Neither on communism which you're promoting here without even knowing.

The soy has messed up your brain, take a break from it.
As soon as you scream communists, you look like a total idiot to 90% of the people.
 
You're right the real estate bubble burst of 2008 had nothing to do with the GOP. LOL!

No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
You're right the real estate bubble burst of 2008 had nothing to do with the GOP. LOL!

No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
Many believe the GOP was at fault 100%. And their Pals in the independent real estate game
... At Wall Street and big oil and big health. You poor dupes. Your party blocks all kinds of laws against lobbyists, they're just in bed with the lobbyists... You don't know that, but you know every detail of many phony scandals and character assassination...

Many believe the GOP was at fault 100%.

But enough about idiots like you......
Funny isn't it how all the world depressions are caused by the GOP? Every time they're in for 8 years there's a depression based on corruption and just being stupid...

Every time they're in for 8 years there's a depression

List those depressions.
 
You're right the real estate bubble burst of 2008 had nothing to do with the GOP. LOL!

No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
Many believe the GOP was at fault 100%. And their Pals in the independent real estate game
... At Wall Street and big oil and big health. You poor dupes. Your party blocks all kinds of laws against lobbyists, they're just in bed with the lobbyists... You don't know that, but you know every detail of many phony scandals and character assassination...

Again, you won’t own what you said, you claimed that the right is claiming they had nothing to do with the 2008 recession and that is a flat out LIE! Then you try to spin it. You are dishonest to the core and a fraud.

Only dishonest or ignorant people believe the GOP was 100% at fault. Tons and tons of articles and experts show that stupid, ignorant dupes that blame went on both sides, however you aren’t smart enough or man enough to figure it out. As far as the rest of your statement, just more lies and leftwing propaganda, I sure wish we had true liberals instead of hater dupes such as yourself.
I've showed you all the proof you could ever want in the past. You're just not going to believe facts. It happens every time the GOP has 8 years...

No you have shown me left wing propaganda. You show oped pieces which lean left. You have lied and been caught several times, so spare me your BS propaganda.
 
You're right the real estate bubble burst of 2008 had nothing to do with the GOP. LOL!

No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
Many believe the GOP was at fault 100%. And their Pals in the independent real estate game
... At Wall Street and big oil and big health. You poor dupes. Your party blocks all kinds of laws against lobbyists, they're just in bed with the lobbyists... You don't know that, but you know every detail of many phony scandals and character assassination...

Many believe the GOP was at fault 100%.

But enough about idiots like you......
Funny isn't it how all the world depressions are caused by the GOP? Every time they're in for 8 years there's a depression based on corruption and just being stupid...

More left wing propaganda, it works well for the non-thinkers that have to be spoon fed by the party.
Left-wing propaganda, also known as independent journalism, super dupe.

Yep, with extreme left wing Mata Hari type tactics.
 
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.

Thank you for the incredible pile of crap... Fannie and Freddie lost two-thirds of their share of the market in 2000 to 2003 when the independence financial institutions and Friends of George W and the bushies took over regulation of the market and destroyed it with their buddies... Republicans are always trying to f*** with Fannie and Freddie which has worked very well until the idiots of the scumbag GOP and You dupes got going...

Are you happy to be voting for lobbyists and their power in Washington?


Losing the battle, so you being the dishonest dupe tries to change the narrative. Lobbyists come in from both parties, why do you think Obamacare became such a mess? It was from lobbyists influencing Democrats when they wrote the bill so it would protect insurance companies and the AMA.

Left wing dupes are so easily fooled. I wish we had Liberals back instead of you fools.

But only the GOP votes for and protects lobbyists. Duh.


Lol! More dishonesty and deflection.
 
You're right the real estate bubble burst of 2008 had nothing to do with the GOP. LOL!

No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
You're right the real estate bubble burst of 2008 had nothing to do with the GOP. LOL!

No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
Many believe the GOP was at fault 100%. And their Pals in the independent real estate game
... At Wall Street and big oil and big health. You poor dupes. Your party blocks all kinds of laws against lobbyists, they're just in bed with the lobbyists... You don't know that, but you know every detail of many phony scandals and character assassination...

Many believe the GOP was at fault 100%.

But enough about idiots like you......
Funny isn't it how all the world depressions are caused by the GOP? Every time they're in for 8 years there's a depression based on corruption and just being stupid...

Every time they're in for 8 years there's a depression

List those depressions.
1929 1988 2008 Eisenhower was an independent.
 
You're right the real estate bubble burst of 2008 had nothing to do with the GOP. LOL!

No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
Many believe the GOP was at fault 100%. And their Pals in the independent real estate game
... At Wall Street and big oil and big health. You poor dupes. Your party blocks all kinds of laws against lobbyists, they're just in bed with the lobbyists... You don't know that, but you know every detail of many phony scandals and character assassination...

Many believe the GOP was at fault 100%.

But enough about idiots like you......
Funny isn't it how all the world depressions are caused by the GOP? Every time they're in for 8 years there's a depression based on corruption and just being stupid...

Every time they're in for 8 years there's a depression

List those depressions.
1929 1988 2008 Eisenhower was an independent.

You said every time. So you lied.
And there was no depression in 1988....or even a recession.

Maybe you should post the definition of depression, so your confusion can be corrected.
 
You're right the real estate bubble burst of 2008 had nothing to do with the GOP. LOL!

No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
Many believe the GOP was at fault 100%. And their Pals in the independent real estate game
... At Wall Street and big oil and big health. You poor dupes. Your party blocks all kinds of laws against lobbyists, they're just in bed with the lobbyists... You don't know that, but you know every detail of many phony scandals and character assassination...

Many believe the GOP was at fault 100%.

But enough about idiots like you......
Funny isn't it how all the world depressions are caused by the GOP? Every time they're in for 8 years there's a depression based on corruption and just being stupid...

Every time they're in for 8 years there's a depression

List those depressions.
1929 1988 2008 Eisenhower was an independent.

You said every time. So you lied.
And there was no depression in 1988....or even a recession.

Maybe you should post the definition of depression, so your confusion can be corrected.
The S&L Scandal and bust was the biggest economic meltdown since 1929 and it was based on Republican corruption and stupidity as usual.
 
No one said that, again you are being dishonest and trying to shift blame to fit your bigotry, the only one saying only one party is to blame is YOU! You are a hater dupe that will lie to advance your agenda.
Many believe the GOP was at fault 100%.

But enough about idiots like you......
Funny isn't it how all the world depressions are caused by the GOP? Every time they're in for 8 years there's a depression based on corruption and just being stupid...

Every time they're in for 8 years there's a depression

List those depressions.
1929 1988 2008 Eisenhower was an independent.

You said every time. So you lied.
And there was no depression in 1988....or even a recession.

Maybe you should post the definition of depression, so your confusion can be corrected.
The S&L Scandal and bust was the biggest economic meltdown since 1929 and it was based on Republican corruption and stupidity as usual.

The S&L Scandal and bust was the biggest economic meltdown since 1929

That's awful!!

It's also not a depression or a recession.
 
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:

You got it all figured out, from Communist manifesto?
Start small and learn the basics of American income taxation before you move onto foreign economic theory, clown.

You're the one talking about and promoting communist system, soyboy. Not me.
How would you know? You're too much of a moron to figure out what American income is.

You must confused me with someone else. Unless everyone who disagree with you know nothing about income tax. Based on what you said so far, my conclusion is that your transgender poetry degree doesn't make you an expert on economics. Neither on communism which you're promoting here without even knowing.

The soy has messed up your brain, take a break from it.
You don't need a degree to read and comprehend the basics on the IRS website. Well, maybe you do. That and an ESL instructor.
 
You got it all figured out, from Communist manifesto?
Start small and learn the basics of American income taxation before you move onto foreign economic theory, clown.

You're the one talking about and promoting communist system, soyboy. Not me.
How would you know? You're too much of a moron to figure out what American income is.

You must confused me with someone else. Unless everyone who disagree with you know nothing about income tax. Based on what you said so far, my conclusion is that your transgender poetry degree doesn't make you an expert on economics. Neither on communism which you're promoting here without even knowing.

The soy has messed up your brain, take a break from it.
As soon as you scream communists, you look like a total idiot to 90% of the people.
Like a knuckle-dragging ape giving instructions on how to build a nuclear bomb.

Does anyone else get a picture of a bible belt retard with 70% of his teeth missing and 30% rotten when thinking of "Ame®icano?"
 

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