It seems to me that Bush was for all the deregulation he could get. I'm glad that you can see that lending market deals with all the worlds stock markets but you also need to see that Freddy Mac is a relatively small part of that. Can we agree that left unchecked, our financial players got greedy (which they seem to think is good) and all hell broke loose?
Navigation
Install the app
How to install the app on iOS
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
More options
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Reason to hate progressives #742:
- Thread starter PredFan
- Start date
That's why the middle class has suffered these last 8 years while the top wealthy are doing better than ever?Progressives are pro middle class.
No shit Sherlock. But Freddy Mac is only a small part of that massive economy.Oh, the old Freddy Mac thing again huh. Maybe you can tell me why other countries that didn't have anything to do with Freddy Mac had a similar housing implosion.This post pretty much encapsulates extreme right wing 'thought'. Deny, reframe history, double down. If you had a brain, your head would explode from the forces of cognitive dissonance.The progressive democrats crashing the housing and banking industries, throwing millions of mortgages underwater, was no accident. It was purposeful and deliberate. We have video.
That is exactly what Barney Frank and the Dems did when the evidence was right in front of him with Freddie Macs illegal trade dealings.
It was the Dems on the Housing and Banking committee that blocked any reform that Bush asked for 17 times.
Whose policies led to the credit crisis Hot Air
BUSH TRIED TO STOP THE BIG MELTDOWN
TheNew York Timesreported this five years ago:
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.
This should have been a no-brainer, right? With hindsight, we can see that the Bush administration had accurately diagnosed the problem in the lending market and had a plan to address it. Fannie Mae and Freddie Mac reluctantly supported the plan. However, Democrats objected
Dems are the biggest Liars and spinners especially the progressives and the people who vote for them need to wake up an understand this.
The Republican voters are trying to get rid of the progressives in their party.
Democrat voters need to do the same thing with their progressives in their party.
Progressive ideology is what is harming our great nation.
Why is it that we have to always educate you left wing morons?
Our economy affects the worlds economy. Duh.
PredFan
Diamond Member
- Thread starter
- #84
I did, that's why I know you're an idiot.They are? How would you know, since you don't know what they believe?A very good question, and exactly what you need to find out. I'll start you off: Progressive Democrats of AmericaWhat do progressives believe?
It doesn't matter what progressives believe, that is off track from the point of this thread. Progressives are lying, decietful assholes.
Read the OP moron.
Then I can only assume that among your many shortcomings, you also cannot read.
It doesn't matter what they believe, it's not pertinent to the thread dumbass.
PredFan
Diamond Member
- Thread starter
- #85
No shit Sherlock. But Freddy Mac is only a small part of that massive economy.Oh, the old Freddy Mac thing again huh. Maybe you can tell me why other countries that didn't have anything to do with Freddy Mac had a similar housing implosion.This post pretty much encapsulates extreme right wing 'thought'. Deny, reframe history, double down. If you had a brain, your head would explode from the forces of cognitive dissonance.The progressive democrats crashing the housing and banking industries, throwing millions of mortgages underwater, was no accident. It was purposeful and deliberate. We have video.
That is exactly what Barney Frank and the Dems did when the evidence was right in front of him with Freddie Macs illegal trade dealings.
It was the Dems on the Housing and Banking committee that blocked any reform that Bush asked for 17 times.
Whose policies led to the credit crisis Hot Air
BUSH TRIED TO STOP THE BIG MELTDOWN
TheNew York Timesreported this five years ago:
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.
This should have been a no-brainer, right? With hindsight, we can see that the Bush administration had accurately diagnosed the problem in the lending market and had a plan to address it. Fannie Mae and Freddie Mac reluctantly supported the plan. However, Democrats objected
Dems are the biggest Liars and spinners especially the progressives and the people who vote for them need to wake up an understand this.
The Republican voters are trying to get rid of the progressives in their party.
Democrat voters need to do the same thing with their progressives in their party.
Progressive ideology is what is harming our great nation.
Why is it that we have to always educate you left wing morons?
Our economy affects the worlds economy. Duh.
Again, why is it we always have to educate you? Yes Freddy Mac is a small part but the housing and banking industry and market is not. Understand yet?
I'll assume then that you're not in the right wing camp that believes that deregulation is good.No shit Sherlock. But Freddy Mac is only a small part of that massive economy.Oh, the old Freddy Mac thing again huh. Maybe you can tell me why other countries that didn't have anything to do with Freddy Mac had a similar housing implosion.This post pretty much encapsulates extreme right wing 'thought'. Deny, reframe history, double down. If you had a brain, your head would explode from the forces of cognitive dissonance.
That is exactly what Barney Frank and the Dems did when the evidence was right in front of him with Freddie Macs illegal trade dealings.
It was the Dems on the Housing and Banking committee that blocked any reform that Bush asked for 17 times.
Whose policies led to the credit crisis Hot Air
BUSH TRIED TO STOP THE BIG MELTDOWN
TheNew York Timesreported this five years ago:
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.
This should have been a no-brainer, right? With hindsight, we can see that the Bush administration had accurately diagnosed the problem in the lending market and had a plan to address it. Fannie Mae and Freddie Mac reluctantly supported the plan. However, Democrats objected
Dems are the biggest Liars and spinners especially the progressives and the people who vote for them need to wake up an understand this.
The Republican voters are trying to get rid of the progressives in their party.
Democrat voters need to do the same thing with their progressives in their party.
Progressive ideology is what is harming our great nation.
Why is it that we have to always educate you left wing morons?
Our economy affects the worlds economy. Duh.
Again, why is it we always have to educate you? Yes Freddy Mac is a small part but the housing and banking industry and market is not. Understand yet?
It seems to me that Bush was for all the deregulation he could get. I'm glad that you can see that lending market deals with all the worlds stock markets but you also need to see that Freddy Mac is a relatively small part of that. Can we agree that left unchecked, our financial players got greedy (which they seem to think is good) and all hell broke loose?Oh, the old Freddy Mac thing again huh. Maybe you can tell me why other countries that didn't have anything to do with Freddy Mac had a similar housing implosion.This post pretty much encapsulates extreme right wing 'thought'. Deny, reframe history, double down. If you had a brain, your head would explode from the forces of cognitive dissonance.The progressive democrats crashing the housing and banking industries, throwing millions of mortgages underwater, was no accident. It was purposeful and deliberate. We have video.
That is exactly what Barney Frank and the Dems did when the evidence was right in front of him with Freddie Macs illegal trade dealings.
It was the Dems on the Housing and Banking committee that blocked any reform that Bush asked for 17 times.
Whose policies led to the credit crisis Hot Air
BUSH TRIED TO STOP THE BIG MELTDOWN
TheNew York Timesreported this five years ago:
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.
This should have been a no-brainer, right? With hindsight, we can see that the Bush administration had accurately diagnosed the problem in the lending market and had a plan to address it. Fannie Mae and Freddie Mac reluctantly supported the plan. However, Democrats objected
Dems are the biggest Liars and spinners especially the progressives and the people who vote for them need to wake up an understand this.
The Republican voters are trying to get rid of the progressives in their party.
Democrat voters need to do the same thing with their progressives in their party.
Progressive ideology is what is harming our great nation.
The lending market deals in all of the worlds stock markets.
Had they done what Bush wanted they would have found the illegal stock market trading that was going on world wide and something could have been corrected.
No that is what Dems spin said.
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. He also wanted a new agency. that is not deregulation.
Between what Clinton did - it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street’s most revered institutions.
Tough new regulations forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties.
The Bush administration isn’t blameless in letting this get out of hand, but clearly the origins of the disaster and the efforts to keep bad policies in place fall on the Democrats in this case.
I'll agree that Clinton did some bad things. But the republicans are generally for deregulation and industry self regulation which is clearly disastrous.It seems to me that Bush was for all the deregulation he could get. I'm glad that you can see that lending market deals with all the worlds stock markets but you also need to see that Freddy Mac is a relatively small part of that. Can we agree that left unchecked, our financial players got greedy (which they seem to think is good) and all hell broke loose?Oh, the old Freddy Mac thing again huh. Maybe you can tell me why other countries that didn't have anything to do with Freddy Mac had a similar housing implosion.This post pretty much encapsulates extreme right wing 'thought'. Deny, reframe history, double down. If you had a brain, your head would explode from the forces of cognitive dissonance.
That is exactly what Barney Frank and the Dems did when the evidence was right in front of him with Freddie Macs illegal trade dealings.
It was the Dems on the Housing and Banking committee that blocked any reform that Bush asked for 17 times.
Whose policies led to the credit crisis Hot Air
BUSH TRIED TO STOP THE BIG MELTDOWN
TheNew York Timesreported this five years ago:
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.
This should have been a no-brainer, right? With hindsight, we can see that the Bush administration had accurately diagnosed the problem in the lending market and had a plan to address it. Fannie Mae and Freddie Mac reluctantly supported the plan. However, Democrats objected
Dems are the biggest Liars and spinners especially the progressives and the people who vote for them need to wake up an understand this.
The Republican voters are trying to get rid of the progressives in their party.
Democrat voters need to do the same thing with their progressives in their party.
Progressive ideology is what is harming our great nation.
The lending market deals in all of the worlds stock markets.
Had they done what Bush wanted they would have found the illegal stock market trading that was going on world wide and something could have been corrected.
No that is what Dems spin said.
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. He also wanted a new agency. that is not deregulation.
Between what Clinton did - it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street’s most revered institutions.
Tough new regulations forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties.
The Bush administration isn’t blameless in letting this get out of hand, but clearly the origins of the disaster and the efforts to keep bad policies in place fall on the Democrats in this case.
I'll assume then that you're not in the right wing camp that believes that deregulation is good.No shit Sherlock. But Freddy Mac is only a small part of that massive economy.Oh, the old Freddy Mac thing again huh. Maybe you can tell me why other countries that didn't have anything to do with Freddy Mac had a similar housing implosion.That is exactly what Barney Frank and the Dems did when the evidence was right in front of him with Freddie Macs illegal trade dealings.
It was the Dems on the Housing and Banking committee that blocked any reform that Bush asked for 17 times.
Whose policies led to the credit crisis Hot Air
BUSH TRIED TO STOP THE BIG MELTDOWN
TheNew York Timesreported this five years ago:
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.
This should have been a no-brainer, right? With hindsight, we can see that the Bush administration had accurately diagnosed the problem in the lending market and had a plan to address it. Fannie Mae and Freddie Mac reluctantly supported the plan. However, Democrats objected
Dems are the biggest Liars and spinners especially the progressives and the people who vote for them need to wake up an understand this.
The Republican voters are trying to get rid of the progressives in their party.
Democrat voters need to do the same thing with their progressives in their party.
Progressive ideology is what is harming our great nation.
Why is it that we have to always educate you left wing morons?
Our economy affects the worlds economy. Duh.
Again, why is it we always have to educate you? Yes Freddy Mac is a small part but the housing and banking industry and market is not. Understand yet?
The right wing camp believes is good regulation and to get rid of bad regulation that stifles growth not zero regulation.
PredFan
Diamond Member
- Thread starter
- #90
I'll assume then that you're not in the right wing camp that believes that deregulation is good.No shit Sherlock. But Freddy Mac is only a small part of that massive economy.Oh, the old Freddy Mac thing again huh. Maybe you can tell me why other countries that didn't have anything to do with Freddy Mac had a similar housing implosion.That is exactly what Barney Frank and the Dems did when the evidence was right in front of him with Freddie Macs illegal trade dealings.
It was the Dems on the Housing and Banking committee that blocked any reform that Bush asked for 17 times.
Whose policies led to the credit crisis Hot Air
BUSH TRIED TO STOP THE BIG MELTDOWN
TheNew York Timesreported this five years ago:
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.
This should have been a no-brainer, right? With hindsight, we can see that the Bush administration had accurately diagnosed the problem in the lending market and had a plan to address it. Fannie Mae and Freddie Mac reluctantly supported the plan. However, Democrats objected
Dems are the biggest Liars and spinners especially the progressives and the people who vote for them need to wake up an understand this.
The Republican voters are trying to get rid of the progressives in their party.
Democrat voters need to do the same thing with their progressives in their party.
Progressive ideology is what is harming our great nation.
Why is it that we have to always educate you left wing morons?
Our economy affects the worlds economy. Duh.
Again, why is it we always have to educate you? Yes Freddy Mac is a small part but the housing and banking industry and market is not. Understand yet?
No, deregulation is good. Deregulation didn't cause the housing bubble to burst.
I'll agree that Clinton did some bad things. But the republicans are generally for deregulation and industry self regulation which is clearly disastrous.It seems to me that Bush was for all the deregulation he could get. I'm glad that you can see that lending market deals with all the worlds stock markets but you also need to see that Freddy Mac is a relatively small part of that. Can we agree that left unchecked, our financial players got greedy (which they seem to think is good) and all hell broke loose?Oh, the old Freddy Mac thing again huh. Maybe you can tell me why other countries that didn't have anything to do with Freddy Mac had a similar housing implosion.That is exactly what Barney Frank and the Dems did when the evidence was right in front of him with Freddie Macs illegal trade dealings.
It was the Dems on the Housing and Banking committee that blocked any reform that Bush asked for 17 times.
Whose policies led to the credit crisis Hot Air
BUSH TRIED TO STOP THE BIG MELTDOWN
TheNew York Timesreported this five years ago:
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.
This should have been a no-brainer, right? With hindsight, we can see that the Bush administration had accurately diagnosed the problem in the lending market and had a plan to address it. Fannie Mae and Freddie Mac reluctantly supported the plan. However, Democrats objected
Dems are the biggest Liars and spinners especially the progressives and the people who vote for them need to wake up an understand this.
The Republican voters are trying to get rid of the progressives in their party.
Democrat voters need to do the same thing with their progressives in their party.
Progressive ideology is what is harming our great nation.
The lending market deals in all of the worlds stock markets.
Had they done what Bush wanted they would have found the illegal stock market trading that was going on world wide and something could have been corrected.
No that is what Dems spin said.
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. He also wanted a new agency. that is not deregulation.
Between what Clinton did - it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street’s most revered institutions.
The Bush administration isn’t blameless in letting this get out of hand, but clearly the origins of the disaster and the efforts to keep bad policies in place fall on the Democrats in this case.
It is just the opposite.
It was the Tough new regulations that forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties.
Over regulations is what caused a big disaster
PaintMyHouse
Diamond Member
- Banned
- #92
Actually it did. That and greed.I'll assume then that you're not in the right wing camp that believes that deregulation is good.No shit Sherlock. But Freddy Mac is only a small part of that massive economy.Oh, the old Freddy Mac thing again huh. Maybe you can tell me why other countries that didn't have anything to do with Freddy Mac had a similar housing implosion.
Why is it that we have to always educate you left wing morons?
Our economy affects the worlds economy. Duh.
Again, why is it we always have to educate you? Yes Freddy Mac is a small part but the housing and banking industry and market is not. Understand yet?
No, deregulation is good. Deregulation didn't cause the housing bubble to burst.
Not so sure about that. Here's the best explanation I've heard yet of what happened. I haven't listened to it in a while but the main problems I can recall are a lack of accountability in bundling crap assets, over leveraging and a belief that housing prices only went up that created the gigantic clusterfuck of a house of cards.I'll agree that Clinton did some bad things. But the republicans are generally for deregulation and industry self regulation which is clearly disastrous.It seems to me that Bush was for all the deregulation he could get. I'm glad that you can see that lending market deals with all the worlds stock markets but you also need to see that Freddy Mac is a relatively small part of that. Can we agree that left unchecked, our financial players got greedy (which they seem to think is good) and all hell broke loose?Oh, the old Freddy Mac thing again huh. Maybe you can tell me why other countries that didn't have anything to do with Freddy Mac had a similar housing implosion.
The lending market deals in all of the worlds stock markets.
Had they done what Bush wanted they would have found the illegal stock market trading that was going on world wide and something could have been corrected.
No that is what Dems spin said.
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. He also wanted a new agency. that is not deregulation.
Between what Clinton did - it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street’s most revered institutions.
The Bush administration isn’t blameless in letting this get out of hand, but clearly the origins of the disaster and the efforts to keep bad policies in place fall on the Democrats in this case.
It is just the opposite.
It was the Tough new regulations that forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties.
Over regulations is what caused a big disaster
The Giant Pool of Money This American Life
Actually it did. That and greed.I'll assume then that you're not in the right wing camp that believes that deregulation is good.No shit Sherlock. But Freddy Mac is only a small part of that massive economy.Why is it that we have to always educate you left wing morons?
Our economy affects the worlds economy. Duh.
Again, why is it we always have to educate you? Yes Freddy Mac is a small part but the housing and banking industry and market is not. Understand yet?
No, deregulation is good. Deregulation didn't cause the housing bubble to burst.
Just because the Dems and lefty news said that does not mean that it is true.
Read post 91 it was over regulation.
Not so sure about that. Here's the best explanation I've heard yet of what happened. I haven't listened to it in a while but the main problems I can recall are a lack of accountability in bundling crap assets, over leveraging and a belief that housing prices only went up that created the gigantic clusterfuck of a house of cards.I'll agree that Clinton did some bad things. But the republicans are generally for deregulation and industry self regulation which is clearly disastrous.It seems to me that Bush was for all the deregulation he could get. I'm glad that you can see that lending market deals with all the worlds stock markets but you also need to see that Freddy Mac is a relatively small part of that. Can we agree that left unchecked, our financial players got greedy (which they seem to think is good) and all hell broke loose?The lending market deals in all of the worlds stock markets.
Had they done what Bush wanted they would have found the illegal stock market trading that was going on world wide and something could have been corrected.
No that is what Dems spin said.
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. He also wanted a new agency. that is not deregulation.
Between what Clinton did - it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street’s most revered institutions.
The Bush administration isn’t blameless in letting this get out of hand, but clearly the origins of the disaster and the efforts to keep bad policies in place fall on the Democrats in this case.
It is just the opposite.
It was the Tough new regulations that forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties.
Over regulations is what caused a big disaster
The Giant Pool of Money This American Life
What caused the lack of accountability in those bundling crap assets?
Tough new regulations that forced lenders into high-risk areas where they had no choice but to lower lending standards.
PaintMyHouse
Diamond Member
- Banned
- #96
No, it wasn't. Thanks anyway.Actually it did. That and greed.I'll assume then that you're not in the right wing camp that believes that deregulation is good.No shit Sherlock. But Freddy Mac is only a small part of that massive economy.
Again, why is it we always have to educate you? Yes Freddy Mac is a small part but the housing and banking industry and market is not. Understand yet?
No, deregulation is good. Deregulation didn't cause the housing bubble to burst.
Just because the Dems and lefty news said that does not mean that it is true.
Read post 91 it was over regulation.
Tell me what you think those regulations were. I attribute the risky moves to good old fashioned greed and the belief that their housing collateral would have nowhere to go but up in price.Not so sure about that. Here's the best explanation I've heard yet of what happened. I haven't listened to it in a while but the main problems I can recall are a lack of accountability in bundling crap assets, over leveraging and a belief that housing prices only went up that created the gigantic clusterfuck of a house of cards.I'll agree that Clinton did some bad things. But the republicans are generally for deregulation and industry self regulation which is clearly disastrous.It seems to me that Bush was for all the deregulation he could get. I'm glad that you can see that lending market deals with all the worlds stock markets but you also need to see that Freddy Mac is a relatively small part of that. Can we agree that left unchecked, our financial players got greedy (which they seem to think is good) and all hell broke loose?
No that is what Dems spin said.
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. He also wanted a new agency. that is not deregulation.
Between what Clinton did - it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street’s most revered institutions.
The Bush administration isn’t blameless in letting this get out of hand, but clearly the origins of the disaster and the efforts to keep bad policies in place fall on the Democrats in this case.
It is just the opposite.
It was the Tough new regulations that forced lenders into high-risk areas where they had no choice but to lower lending standards to make the loans that sound business practices had previously guarded against making. It was either that or face stiff government penalties.
Over regulations is what caused a big disaster
The Giant Pool of Money This American Life
What caused the lack of accountability in those bundling crap assets?
Tough new regulations that forced lenders into high-risk areas where they had no choice but to lower lending standards.
Last edited:
PredFan
Diamond Member
- Thread starter
- #98
Actually it did. That and greed.I'll assume then that you're not in the right wing camp that believes that deregulation is good.No shit Sherlock. But Freddy Mac is only a small part of that massive economy.Why is it that we have to always educate you left wing morons?
Our economy affects the worlds economy. Duh.
Again, why is it we always have to educate you? Yes Freddy Mac is a small part but the housing and banking industry and market is not. Understand yet?
No, deregulation is good. Deregulation didn't cause the housing bubble to burst.
Wrong dumbass, but this is totally irrelevant and off topic.
PredFan
Diamond Member
- Thread starter
- #99
No, it wasn't. Thanks anyway.Actually it did. That and greed.I'll assume then that you're not in the right wing camp that believes that deregulation is good.Again, why is it we always have to educate you? Yes Freddy Mac is a small part but the housing and banking industry and market is not. Understand yet?
No, deregulation is good. Deregulation didn't cause the housing bubble to burst.
Just because the Dems and lefty news said that does not mean that it is true.
Read post 91 it was over regulation.
Reason to hate progressives #538:
They stubbornly and deliberately know nothing about economics or history.
PaintMyHouse
Diamond Member
- Banned
- #100
It's your lies that won't play little man. Sorry, no one but the morons are buying them.No, it wasn't. Thanks anyway.Actually it did. That and greed.I'll assume then that you're not in the right wing camp that believes that deregulation is good.
No, deregulation is good. Deregulation didn't cause the housing bubble to burst.
Just because the Dems and lefty news said that does not mean that it is true.
Read post 91 it was over regulation.
Reason to hate progressives #538:
They stubbornly and deliberately know nothing about economics or history.
Last edited:
Similar threads
- Replies
- 21
- Views
- 375
- Locked
- Replies
- 6
- Views
- 108
- Replies
- 7
- Views
- 97
- Replies
- 35
- Views
- 320
- Replies
- 7
- Views
- 92
Latest Discussions
- Replies
- 109
- Views
- 644
- Replies
- 10
- Views
- 163
Forum List
-
-
-
-
-
Political Satire 8512
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ObamaCare 781
-
-
-
-
-
-
-
-
-
-
-
Member Usernotes 483
-
-
-
-
-
-
-
-
-
-