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

[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.

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.

Obama did what he had to do to pass it and just barely did.... Like the tax rates the lobbyists system is a GOP system as is.

Donald Trump Didn’t Want to Win – and Neither Did His Campaign

 

[francoHFW]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

 

[Toddsterpatriot]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

.
Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared.

That's awful!!

It's also not a depression or a recession.

 

[Toddsterpatriot]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.[1] Generally, periods labeled depressions are marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced using current resources and technology (potential output).[2] Another proposed definition of depression includes two general rules:[3][4]

1. a decline in real GDP exceeding 10%, or
2. a recession lasting 2 or more years.

Depression (economics) - Wikipedia

 

[Papageorgio]

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.

Obama did what he had to do to pass it and just barely did.... Like the tax rates the lobbyists system is a GOP system as is.

Donald Trump Didn’t Want to Win – and Neither Did His Campaign

Not one GOP voted for it, the lobbyists were all over the healthcare plan and none of them were trying to lobby a Republican, your BS doesn't float with me, especially with all the lies you keep telling.

 

[Papageorgio]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.[1] Generally, periods labeled depressions are marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced using current resources and technology (potential output).[2] Another proposed definition of depression includes two general rules:[3][4]

1. a decline in real GDP exceeding 10%, or
2. a recession lasting 2 or more years.

Depression (economics) - Wikipedia

He is so dishonest, we catch him in lie after lie after lie and he still pretends he is a man of good character. He fits in well with the other liars in the Democratic Party.

 

[francoHFW]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

.
Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared.

That's awful!!

It's also not a depression or a recession.

The savings & loans and the leveraged buyoutcrises led to a severe depression in mid-to-late 1989, causing a recession in 1990-91(also fueled by the oil price crisis), whose effects lasted as late as 1994. This downturn is more remembered for its political effects: British Prime Minister Margaret Thatcher had to resign in November 1990 as a result of the socioeconomic debacle caused by her later policies; and while his approval ratings were above 60%, U.S. President George H. W. Bushlost the 1992 election to Bill Clinton because of the domestic malady marked by the depression and increasing urban decay.

From Wikipedia depression. Glad to educate you Dupes, too bad you're brainwashed...

 

[francoHFW]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.[1] Generally, periods labeled depressions are marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced using current resources and technology (potential output).[2] Another proposed definition of depression includes two general rules:[3][4]

1. a decline in real GDP exceeding 10%, or
2. a recession lasting 2 or more years.

Depression (economics) - Wikipedia

Wikipedia other depressions... Says 1989 was a depression, dupe.

 

[francoHFW]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.[1] Generally, periods labeled depressions are marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced using current resources and technology (potential output).[2] Another proposed definition of depression includes two general rules:[3][4]

1. a decline in real GDP exceeding 10%, or
2. a recession lasting 2 or more years.

Depression (economics) - Wikipedia

He is so dishonest, we catch him in lie after lie after lie and he still pretends he is a man of good character. He fits in well with the other liars in the Democratic Party.

Shove it up your ass you stupid dupe. I make mistakes but I'm no liar. I don't believe you're a liar either just ignorant and brainwashed. That makes you a hater dupe. I don't hate you most of my friends are dupes. My area voted 73% Trump.

 

[francoHFW]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.[1] Generally, periods labeled depressions are marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced using current resources and technology (potential output).[2] Another proposed definition of depression includes two general rules:[3][4]

1. a decline in real GDP exceeding 10%, or
2. a recession lasting 2 or more years.

Depression (economics) - Wikipedia

He is so dishonest, we catch him in lie after lie after lie and he still pretends he is a man of good character. He fits in well with the other liars in the Democratic Party.

Shove it up your ass you stupid dupe. I make mistakes but I'm no liar. I don't believe you're a liar either just ignorant and brainwashed. That makes you a hater dupe. I don't hate you most of my friends are dupes. My area voted 73% Trump.

You'll notice he quoted the same article on depressions in Wikipedia as I did but somehow didn't see the part that was relevant... You begin to wonder...

 

[francoHFW]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.[1] Generally, periods labeled depressions are marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced using current resources and technology (potential output).[2] Another proposed definition of depression includes two general rules:[3][4]

1. a decline in real GDP exceeding 10%, or
2. a recession lasting 2 or more years.

Depression (economics) - Wikipedia

He is so dishonest, we catch him in lie after lie after lie and he still pretends he is a man of good character. He fits in well with the other liars in the Democratic Party.

Shove it up your ass you stupid dupe. I make mistakes but I'm no liar. I don't believe you're a liar either just ignorant and brainwashed. That makes you a hater dupe. I don't hate you most of my friends are dupes. My area voted 73% Trump.

quick!
What was the possible mistake I made that you've been going on and on about for three pages, hater dupe?

 

[francoHFW]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.[1] Generally, periods labeled depressions are marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced using current resources and technology (potential output).[2] Another proposed definition of depression includes two general rules:[3][4]

1. a decline in real GDP exceeding 10%, or
2. a recession lasting 2 or more years.

Depression (economics) - Wikipedia

He is so dishonest, we catch him in lie after lie after lie and he still pretends he is a man of good character. He fits in well with the other liars in the Democratic Party.

Shove it up your ass you stupid dupe. I make mistakes but I'm no liar. I don't believe you're a liar either just ignorant and brainwashed. That makes you a hater dupe. I don't hate you most of my friends are dupes. My area voted 73% Trump.

So Wikipedia and most other non propaganda sources say 1989 was a Depression. Where is my apology?

 

[Papageorgio]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.[1] Generally, periods labeled depressions are marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced using current resources and technology (potential output).[2] Another proposed definition of depression includes two general rules:[3][4]

1. a decline in real GDP exceeding 10%, or
2. a recession lasting 2 or more years.

Depression (economics) - Wikipedia

He is so dishonest, we catch him in lie after lie after lie and he still pretends he is a man of good character. He fits in well with the other liars in the Democratic Party.

Shove it up your ass you stupid dupe. I make mistakes but I'm no liar. I don't believe you're a liar either just ignorant and brainwashed. That makes you a hater dupe. I don't hate you most of my friends are dupes. My area voted 73% Trump.

Who cares if you have friends or not? I sure the heck don't, you are a lying dishonest person that doubles down on your lies, just like in this thread, and you continue to twist and lie, you are dishonest, now off with you!

 

[francoHFW]

Toddsterpatriot addressing the housing/mortgage/financial collapse.

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.

Obama did what he had to do to pass it and just barely did.... Like the tax rates the lobbyists system is a GOP system as is.

Donald Trump Didn’t Want to Win – and Neither Did His Campaign

Not one GOP voted for it, the lobbyists were all over the healthcare plan and none of them were trying to lobby a Republican, your BS doesn't float with me, especially with all the lies you keep telling.

Not one GOP voted for anything in 8 years even when it was their own ideas, super dupe. Obamacare was the biggest social reform in 50 years and it saved thousands of lives especially for the semi Indigent poor and poor workers. It was also the beginning of solutions for once about ridiculous GOP scam system. 500000 bankruptcies for people who thought they had great insurance, 45000 deaths for people who had no insurance. And you think that was just great, perfect dupe of the greedy idiot Rich GOP.

 

[francoHFW]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.[1] Generally, periods labeled depressions are marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced using current resources and technology (potential output).[2] Another proposed definition of depression includes two general rules:[3][4]

1. a decline in real GDP exceeding 10%, or
2. a recession lasting 2 or more years.

Depression (economics) - Wikipedia

He is so dishonest, we catch him in lie after lie after lie and he still pretends he is a man of good character. He fits in well with the other liars in the Democratic Party.

Shove it up your ass you stupid dupe. I make mistakes but I'm no liar. I don't believe you're a liar either just ignorant and brainwashed. That makes you a hater dupe. I don't hate you most of my friends are dupes. My area voted 73% Trump.

Who cares if you have friends or not? I sure the heck don't, you are a lying dishonest person that doubles down on your lies, just like in this thread, and you continue to twist and lie, you are dishonest, now off with you!

You said I was a liar when I said the S&L crisis was a depression. Wikipedia and everybody else says it was a severe depression. Where is my apology ridiculous jackass?

 

[Toddsterpatriot]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

.
Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared.

That's awful!!

It's also not a depression or a recession.

The savings & loans and the leveraged buyoutcrises led to a severe depression in mid-to-late 1989, causing a recession in 1990-91(also fueled by the oil price crisis), whose effects lasted as late as 1994. This downturn is more remembered for its political effects: British Prime Minister Margaret Thatcher had to resign in November 1990 as a result of the socioeconomic debacle caused by her later policies; and while his approval ratings were above 60%, U.S. President George H. W. Bushlost the 1992 election to Bill Clinton because of the domestic malady marked by the depression and increasing urban decay.

From Wikipedia depression. Glad to educate you Dupes, too bad you're brainwashed...

The savings & loans and the leveraged buyoutcrises led to a severe depression in mid-to-late 1989

Prove it. Perhaps link to NBER and show the dates of that "depression".
Show the massive drop in GDP that occurred during that depression of 1989.

 

[Toddsterpatriot]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.[1] Generally, periods labeled depressions are marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced using current resources and technology (potential output).[2] Another proposed definition of depression includes two general rules:[3][4]

1. a decline in real GDP exceeding 10%, or
2. a recession lasting 2 or more years.

Depression (economics) - Wikipedia

Wikipedia other depressions... Says 1989 was a depression, dupe.

Must have been a Dem dupe posting bad info.

Could have been you.....

 

[Toddsterpatriot]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.[1] Generally, periods labeled depressions are marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced using current resources and technology (potential output).[2] Another proposed definition of depression includes two general rules:[3][4]

1. a decline in real GDP exceeding 10%, or
2. a recession lasting 2 or more years.

Depression (economics) - Wikipedia

Wikipedia other depressions... Says 1989 was a depression, dupe.

Real Gross Domestic Product

That's so weird, that depression year of 1989 had better GDP growth than any year under Obama. DERP!

 

[francoHFW]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

.
Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared.

That's awful!!

It's also not a depression or a recession.

The savings & loans and the leveraged buyoutcrises led to a severe depression in mid-to-late 1989, causing a recession in 1990-91(also fueled by the oil price crisis), whose effects lasted as late as 1994. This downturn is more remembered for its political effects: British Prime Minister Margaret Thatcher had to resign in November 1990 as a result of the socioeconomic debacle caused by her later policies; and while his approval ratings were above 60%, U.S. President George H. W. Bushlost the 1992 election to Bill Clinton because of the domestic malady marked by the depression and increasing urban decay.

From Wikipedia depression. Glad to educate you Dupes, too bad you're brainwashed...

The savings & loans and the leveraged buyoutcrises led to a severe depression in mid-to-late 1989

Prove it. Perhaps link to NBER and show the dates of that "depression".
Show the massive drop in GDP that occurred during that depression of 1989.

That is the same Wikipedia article that you just quoted... Idiot LOL!

 

[Toddsterpatriot]

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.

Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared. Many of you GOP dupes believe there was no depression in 2008 because there was no one selling apples on the corner. That only cost seven or eight or nine trillion dollars in all. In the same way the S&L crisis probably cost 2 trillion dollars in all... IE add unemployment and Welfare 4 victims Etc.

.
Only cost 320 billion dollars 2017 to bail out the financial institutions and over 700 disappeared.

That's awful!!

It's also not a depression or a recession.

The savings & loans and the leveraged buyoutcrises led to a severe depression in mid-to-late 1989, causing a recession in 1990-91(also fueled by the oil price crisis), whose effects lasted as late as 1994. This downturn is more remembered for its political effects: British Prime Minister Margaret Thatcher had to resign in November 1990 as a result of the socioeconomic debacle caused by her later policies; and while his approval ratings were above 60%, U.S. President George H. W. Bushlost the 1992 election to Bill Clinton because of the domestic malady marked by the depression and increasing urban decay.

From Wikipedia depression. Glad to educate you Dupes, too bad you're brainwashed...

The savings & loans and the leveraged buyoutcrises led to a severe depression in mid-to-late 1989

Prove it. Perhaps link to NBER and show the dates of that "depression".
Show the massive drop in GDP that occurred during that depression of 1989.

That is the same Wikipedia article that you just quoted... Idiot LOL!

Yup. If you have a different definition of depression that actually fits the 1989 data, post it.

Because there was no depression in 1989. Moron.