The Derp
Gold Member
- Apr 12, 2017
- 9,620
- 661
You bet. No losses at all. DURR
So now you're being a true troll and misrepresenting what I said just so you can preserve whatever's left of that pile of shit you call an ego. I never said GSE's didn't lose anything. I said what they lost was a consequence of the housing bubble you morons inflated with your shitty, no-standard subprime loans. And you inflated that bubble specifically to make the economy look like it was growing as a result of tax cuts, when it was really growing as a result of debt. That's why Bush tied his tax cuts to the growth of the housing market as he campaigned in 2004.
Subprimes? Is that the stuff that the government was forcing Fannie and Freddie to buy?
Only beginning in 2004 and only because Bush was desperate to inflate a housing bubble.
Of course, conforming loans perform very well.
It's a shame that morons on both sides of the aisle decided to force them to buy crap.
Not both sides, your side. You guys forced the GSE's to buy the loans that would ultimately tank the economy when you reversed the HUD rule in 2004. The loans that caused the collapse were the ones issued between 2004-7...when you all controlled all three branches of government, and thus the regulators who were supposed to enforce lending standards.
The mortgage mess was entirely the fault of you Conservatives who were desperate to make the economy look like it was growing as a result of tax cuts, when it was really growing as a result of debt.