Should The Rich Be Required To Pay Higher Taxes In the US?

[SAYIT]

Long before the rubble, FDR nationalized all industry...

It is far better that you remain silent and have others think you a fool than to post here and remove all doubt.

 

[SAYIT]

Well, I guess you all want to run the people out of this country who uses their money to open business and employ people. go ahead tax them 100%. they tried that in France. go research how that turned out

Nobody is claiming that. What about full employment of resources in the market for labor; we can use socialism to bailout capitalism, like usual.

socialism kills capitalism...

Bullshit

How is Sweden and Finland doing?

That's about the dimmest argument any loony leftist can try to make. Comparing the US with Sweden and Finland is silliness. Try using a more equitable comparison, saaay, the US and the USSR.
Oh, wait ... that "Worker's Paradise" already bit the dust.

 

[Dad2three]

Well, I guess you all want to run the people out of this country who uses their money to open business and employ people. go ahead tax them 100%. they tried that in France. go research how that turned out

Nobody is claiming that. What about full employment of resources in the market for labor; we can use socialism to bailout capitalism, like usual.

socialism kills capitalism...

Bullshit

How is Sweden and Finland doing?

That's about the dimmest argument any loony leftist can try to make. Comparing the US with Sweden and Finland is silliness. Try using a more equitable comparison, saaay, the US and the USSR.
Oh, wait ... that "Worker's Paradise" already bit the dust.

'It is far better that you remain silent and have others think you a fool than to post here and remove all doubt.'

 

[Papageorgio]

Lol! Sorry but under Clinton and his cronies, they took a lot of the safety nets away that had been put into place decades ago. The mortgage bubble was the last bubble that we could ride and we couldn't shift to another bubble. Before we had dot.com bubbles and building bubbles and had credit bubbles. In the 90's people were remortgaging their homes at 125% of value, then going back into debt. We were living on credit and lots of debt. We can't do that and be a healthy nation.

The issue is the same cronies that were high up in the Clinton admin. Were in the Bush and the Obama admin. Crooks are crooks are crooks and both political parties are corrupt. I don't defend Republicans but I won't defend the Democrats. They both stink and as soon as we decide that both parties are corrupt, then we can fix them but as long as we support the status quo, we are screwed.

 

[SAYIT]

Long before the rubble, FDR nationalized all industry...

It is far better that you remain silent and have others think you a fool than to post here and remove all doubt.

'It is far better that you remain silent and have others think you a fool than to post here and remove all doubt.'

Wow! I mention "fool" and look what rolls in! So I suppose you have some evidence that FDR "nationalized all industry" as RW claimed?
BTW, you are the idiot who once admitted wasting most of his votes for the Green Party, right? So exactly how many Green Party presidents have you helped elect?

 

[dblack]

I think the rich should ABSOLUTELY pay more because the majority of them are selfish and don't care about anybody but themselves!

Just kill them.

 

[Dad2three]

Lol! Sorry but under Clinton and his cronies, they took a lot of the safety nets away that had been put into place decades ago. The mortgage bubble was the last bubble that we could ride and we couldn't shift to another bubble. Before we had dot.com bubbles and building bubbles and had credit bubbles. In the 90's people were remortgaging their homes at 125% of value, then going back into debt. We were living on credit and lots of debt. We can't do that and be a healthy nation.

The issue is the same cronies that were high up in the Clinton admin. Were in the Bush and the Obama admin. Crooks are crooks are crooks and both political parties are corrupt. I don't defend Republicans but I won't defend the Democrats. They both stink and as soon as we decide that both parties are corrupt, then we can fix them but as long as we support the status quo, we are screwed.

Sure Bubs, sure




Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”

We certainly don't want there to be a fine print preventing people from owning their home,” the President (DUBYA) said in a 2002 speech. “We can change the print, and we've got to.”


A Snapshot of the Subprime Market


Dollar amount of subprime loans outstanding:

2007 $1.3 trillion

Dollar amount of subprime loans outstanding in 2003: $332 billion

Percentage increase from 2003: 292%


Number of subprime mortgages made in 2005-2006 projected to end in foreclosure:

1 in 5



Proportion of subprime mortgages made from 2004 to 2006 that come with "exploding" adjustable interest rates: 89-93%


Proportion approved without fully documented income: 43-50%


Proportion with no escrow for taxes and insurance: 75%



Proportion of completed foreclosures attributable to adjustable rate loans out of all loans made in 2006 and bundled in subprime mortgage backed securities: 93%



Subprime share of all mortgage originations in 2006: 28%


Subprime share of all mortgage origination in 2003: 8%


FACTS on Dubya s great recession US Message Board - Political Discussion Forum

 

[Dad2three]

Long before the rubble, FDR nationalized all industry...

It is far better that you remain silent and have others think you a fool than to post here and remove all doubt.

'It is far better that you remain silent and have others think you a fool than to post here and remove all doubt.'

Wow! I mention "fool" and look what rolls in! So I suppose you have some evidence that FDR "nationalized all industry" as RW claimed?
BTW, you are the idiot who once admitted wasting most of his votes for the Green Party, right? So exactly how many Green Party presidents have you helped elect?

Sorry, in Cali since I started voting, the votes for green have zero to do with electing Prez, and it was the most liberal candidate on the ballot I vote for!

 

[Dad2three]

Lol! Sorry but under Clinton and his cronies, they took a lot of the safety nets away that had been put into place decades ago. The mortgage bubble was the last bubble that we could ride and we couldn't shift to another bubble. Before we had dot.com bubbles and building bubbles and had credit bubbles. In the 90's people were remortgaging their homes at 125% of value, then going back into debt. We were living on credit and lots of debt. We can't do that and be a healthy nation.

The issue is the same cronies that were high up in the Clinton admin. Were in the Bush and the Obama admin. Crooks are crooks are crooks and both political parties are corrupt. I don't defend Republicans but I won't defend the Democrats. They both stink and as soon as we decide that both parties are corrupt, then we can fix them but as long as we support the status quo, we are screwed.

Weird how the GOPers NEVER accept responsibility for policies they failed under them, be it "supply side", "free trade", S&L crisis, 9/11, Dubya's subprime bubble, etc

 

[frigidweirdo]

I think the rich should ABSOLUTELY pay more because the majority of them are selfish and don't care about anybody but themselves! Trust me, if you are a millionaire, it is NOT going to hurt you if you just pay a little more in taxes. I believe that if you are a good and righteous person, you would want to help the poor or people that are less fortunate. It's as simple as that! People need to stop being so selfish.

Yes. Generally because rich people use more of the services that the government provides than poor people.


Poor people get a "free"* (at the point of delivery) education. Rich people a "free" education (even if they don't use it) PLUS they get a whole market of employees to choose from who have also been given an education.

Poor people get a little security from the police and armed forces, the rich get a lot more security as they probably own more places that have police coverage, are more likely to benefit from foreign affairs and more likely to benefit from wars and defense.

Poor people are likely to use the roads around their home and on the way to work and school and stuff. Rich people use roads to transport all their stuff.

Many things the rich get more of, which is why they should pay more in tax. I'd actually be in favor of breaking down taxes and showing people why they're paying what they're paying. Rich people would probably see they're getting a massive bargain.

 

[Papageorgio]

Lol! Sorry but under Clinton and his cronies, they took a lot of the safety nets away that had been put into place decades ago. The mortgage bubble was the last bubble that we could ride and we couldn't shift to another bubble. Before we had dot.com bubbles and building bubbles and had credit bubbles. In the 90's people were remortgaging their homes at 125% of value, then going back into debt. We were living on credit and lots of debt. We can't do that and be a healthy nation.

The issue is the same cronies that were high up in the Clinton admin. Were in the Bush and the Obama admin. Crooks are crooks are crooks and both political parties are corrupt. I don't defend Republicans but I won't defend the Democrats. They both stink and as soon as we decide that both parties are corrupt, then we can fix them but as long as we support the status quo, we are screwed.

Weird how the GOPers NEVER accept responsibility for policies they failed under them, be it "supply side", "free trade", S&L crisis, 9/11, Dubya's subprime bubble, etc

I'm not a GOPer.

Funny how democrats don't accept responsibility for their policies.

Clinton reversing several regulations in the 90's that led to the Great Recession, also the recession that started a month and a half after a democrat left office.

You can argue all you want about whose fault it is. I blame both sides, they are both corrupt and they both hate the middle class. It is rich corrupt politicians, writing bills and policies for the rich.

I wonder why no one went after those bankers after the recession began. Hmmmm... Oh wait they were fined and they paid a fraction of their TARP money back. Why don't Dems take responsibility for that?

Please spare the defense of either party. Look at the candidates on both sides of the aisle. They all are terrible picks and the Dems front runner is the most corrupt. The GOP front runner is an abrasive loudmouth.

How can anyone support any of them?

 

[Dad2three]

Lol! Sorry but under Clinton and his cronies, they took a lot of the safety nets away that had been put into place decades ago. The mortgage bubble was the last bubble that we could ride and we couldn't shift to another bubble. Before we had dot.com bubbles and building bubbles and had credit bubbles. In the 90's people were remortgaging their homes at 125% of value, then going back into debt. We were living on credit and lots of debt. We can't do that and be a healthy nation.

The issue is the same cronies that were high up in the Clinton admin. Were in the Bush and the Obama admin. Crooks are crooks are crooks and both political parties are corrupt. I don't defend Republicans but I won't defend the Democrats. They both stink and as soon as we decide that both parties are corrupt, then we can fix them but as long as we support the status quo, we are screwed.

Weird how the GOPers NEVER accept responsibility for policies they failed under them, be it "supply side", "free trade", S&L crisis, 9/11, Dubya's subprime bubble, etc

I'm not a GOPer.

Funny how democrats don't accept responsibility for their policies.

Clinton reversing several regulations in the 90's that led to the Great Recession, also the recession that started a month and a half after a democrat left office.

You can argue all you want about whose fault it is. I blame both sides, they are both corrupt and they both hate the middle class. It is rich corrupt politicians, writing bills and policies for the rich.

I wonder why no one went after those bankers after the recession began. Hmmmm... Oh wait they were fined and they paid a fraction of their TARP money back. Why don't Dems take responsibility for that?

Please spare the defense of either party. Look at the candidates on both sides of the aisle. They all are terrible picks and the Dems front runner is the most corrupt. The GOP front runner is an abrasive loudmouth.

How can anyone support any of them?

SURE Bubba, sure "both sides" lol



ANYTHING particular in the graph here Bubs? That on Clinton?

OCT 2008

The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”




Why The Glass-Steagall Myth Persists

If you tally the institutions that ran into severe problems in 2008-09, the list includes Bear Stearns, Lehman Brothers, Merrill Lynch, AIG, and Fannie Mae and Freddie Mac, none of which would have come under Glass-Steagall’s restrictions. Even President Obama has recently acknowledged that “there is not evidence that having Glass-Steagall in place would somehow change the dynamic.”

As for the FDIC-insured commercial banks that ran into trouble, the record is also clear: what got them into trouble were not activities restricted by Glass-Steagall. Their problems arose from investments in residential mortgages and residential mortgage-backed securities—investments they had always been free to engage in.

GLB didn’t cause the financial crisis—and, when push comes to shove, the regulatory evangelists must admit as much. Stiglitz, in the same Vanity Fair article, concedes that Glass-Steagall did nothing to “directly” cause the crisis. Warren, meanwhile, confessed to New York Times reporter Andrew Ross Sorkin that Glass-Steagall would probably not have stopped the financial crisis, but that she was pushing to reinstate it because, in Sorkin’s words, “it is an easy issue for the public to understand and ‘you can build public attention behind.’”


Why The Glass-Steagall Myth Persists

Yeah , YOU aren't a GOPer, just someone who votes for them, lol


HINT ELECT GUYS LIKE REAGAN/DUBYA AND YOU ARE SHOCKED THEY TURN A BLIND EYE TO THE "PRIVATE MARKETS" AS THEY RAPE US? Yes, EXECUTIVE BRANCH OVERSIGHT IS SUPPOSED TO HAPPEN!!!

 

[Dad2three]

Lol! Sorry but under Clinton and his cronies, they took a lot of the safety nets away that had been put into place decades ago. The mortgage bubble was the last bubble that we could ride and we couldn't shift to another bubble. Before we had dot.com bubbles and building bubbles and had credit bubbles. In the 90's people were remortgaging their homes at 125% of value, then going back into debt. We were living on credit and lots of debt. We can't do that and be a healthy nation.

The issue is the same cronies that were high up in the Clinton admin. Were in the Bush and the Obama admin. Crooks are crooks are crooks and both political parties are corrupt. I don't defend Republicans but I won't defend the Democrats. They both stink and as soon as we decide that both parties are corrupt, then we can fix them but as long as we support the status quo, we are screwed.

Weird how the GOPers NEVER accept responsibility for policies they failed under them, be it "supply side", "free trade", S&L crisis, 9/11, Dubya's subprime bubble, etc

I'm not a GOPer.

Funny how democrats don't accept responsibility for their policies.

Clinton reversing several regulations in the 90's that led to the Great Recession, also the recession that started a month and a half after a democrat left office.

You can argue all you want about whose fault it is. I blame both sides, they are both corrupt and they both hate the middle class. It is rich corrupt politicians, writing bills and policies for the rich.

I wonder why no one went after those bankers after the recession began. Hmmmm... Oh wait they were fined and they paid a fraction of their TARP money back. Why don't Dems take responsibility for that?

Please spare the defense of either party. Look at the candidates on both sides of the aisle. They all are terrible picks and the Dems front runner is the most corrupt. The GOP front runner is an abrasive loudmouth.

How can anyone support any of them?

I step this up a bit, YES, Clinton signed a deregulation bill pushed by Banksters for 30 years, supported by the GOP. The few votes against? DEMOCRATIC. But the repeal of G/S had almost zero to do with Dubya's REGULATOR failure!


Bailout Tracker
Tracking Every Dollar and Every Recipient

Detailed Breakdown
$615.4B
Outflows


Disbursed
Banks and other Financial Institutions $245B
Fannie and Freddie $187B
Auto Companies $79.7B
AIG $67.8B
Toxic Asset Purchases $18.6B
Mortgage Mod Program $10.6B
State Housing Programs $5.51B
Small Business Loan Aid $368M
FHA Refinance Program $60M
$672.7B
Inflows

Refunds $390B
Money returned to Treasury by bailed-out companies.
Dividends $252B
Revenue Treasury has earned on its investments through dividend payments.
Interest $1.81B
Revenue Treasury has earned through its loans through interest payments.
Warrants $9.63B
Revenue Treasury has earned from selling stock warrants it held on companies that have paid back its investment.
Other Proceeds $19.6B
Revenue from fees and sales of equity or other assets.
Profit: $57.3B
Bailout Scorecard Eye on the Bailout ProPublica

 

[Dad2three]

Lol! Sorry but under Clinton and his cronies, they took a lot of the safety nets away that had been put into place decades ago. The mortgage bubble was the last bubble that we could ride and we couldn't shift to another bubble. Before we had dot.com bubbles and building bubbles and had credit bubbles. In the 90's people were remortgaging their homes at 125% of value, then going back into debt. We were living on credit and lots of debt. We can't do that and be a healthy nation.

The issue is the same cronies that were high up in the Clinton admin. Were in the Bush and the Obama admin. Crooks are crooks are crooks and both political parties are corrupt. I don't defend Republicans but I won't defend the Democrats. They both stink and as soon as we decide that both parties are corrupt, then we can fix them but as long as we support the status quo, we are screwed.

Weird how the GOPers NEVER accept responsibility for policies they failed under them, be it "supply side", "free trade", S&L crisis, 9/11, Dubya's subprime bubble, etc

I'm not a GOPer.

Funny how democrats don't accept responsibility for their policies.

Clinton reversing several regulations in the 90's that led to the Great Recession, also the recession that started a month and a half after a democrat left office.

You can argue all you want about whose fault it is. I blame both sides, they are both corrupt and they both hate the middle class. It is rich corrupt politicians, writing bills and policies for the rich.

I wonder why no one went after those bankers after the recession began. Hmmmm... Oh wait they were fined and they paid a fraction of their TARP money back. Why don't Dems take responsibility for that?

Please spare the defense of either party. Look at the candidates on both sides of the aisle. They all are terrible picks and the Dems front runner is the most corrupt. The GOP front runner is an abrasive loudmouth.

How can anyone support any of them?

We elect those that don't 'believe in' regulations or regulators then are shocked when the Banksters hose US?

Reagan ignored warnings on the S&L crisis that began in 1984 that would have stopped 90%+ oh his crisis

Bush ignored FBI warnings that started in 2004 and ALLOWED the Banksters to run a ponzi scheme on US



Regulations without those in the executive branch to enforce them, is basically useless, IMO

Why Prosecutors Don't Go After Wall Street

BUSH GAVE A GET OUT OF JAIL FREE CARD SUMMER 2008

Why Prosecutors Don't Go After Wall Street : NPR

“When regulators don’t believe in regulation and don’t get what is going on at the companies they oversee, there can be no major white-collar crime prosecutions,”...“If they don’t understand what we call collective embezzlement, where people are literally looting their own firms, then it’s impossible to bring cases.”

http://www.nytimes.com/2011/04/14/bu...pagewanted=all

The FBI correctly identified the epidemic of mortgage control fraud at such an early point that the financial crisis could have been averted had the Bush administration acted with even minimal competence.
'
William K. Black: The Two Documents Everyone Should Read to Better Understand the Crisis

 

[Papageorgio]

Lol! Sorry but under Clinton and his cronies, they took a lot of the safety nets away that had been put into place decades ago. The mortgage bubble was the last bubble that we could ride and we couldn't shift to another bubble. Before we had dot.com bubbles and building bubbles and had credit bubbles. In the 90's people were remortgaging their homes at 125% of value, then going back into debt. We were living on credit and lots of debt. We can't do that and be a healthy nation.

The issue is the same cronies that were high up in the Clinton admin. Were in the Bush and the Obama admin. Crooks are crooks are crooks and both political parties are corrupt. I don't defend Republicans but I won't defend the Democrats. They both stink and as soon as we decide that both parties are corrupt, then we can fix them but as long as we support the status quo, we are screwed.

Weird how the GOPers NEVER accept responsibility for policies they failed under them, be it "supply side", "free trade", S&L crisis, 9/11, Dubya's subprime bubble, etc

I'm not a GOPer.

Funny how democrats don't accept responsibility for their policies.

Clinton reversing several regulations in the 90's that led to the Great Recession, also the recession that started a month and a half after a democrat left office.

You can argue all you want about whose fault it is. I blame both sides, they are both corrupt and they both hate the middle class. It is rich corrupt politicians, writing bills and policies for the rich.

I wonder why no one went after those bankers after the recession began. Hmmmm... Oh wait they were fined and they paid a fraction of their TARP money back. Why don't Dems take responsibility for that?

Please spare the defense of either party. Look at the candidates on both sides of the aisle. They all are terrible picks and the Dems front runner is the most corrupt. The GOP front runner is an abrasive loudmouth.

How can anyone support any of them?

We elect those that don't 'believe in' regulations or regulators then are shocked when the Banksters hose US?

Reagan ignored warnings on the S&L crisis that began in 1984 that would have stopped 90%+ oh his crisis

Bush ignored FBI warnings that started in 2004 and ALLOWED the Banksters to run a ponzi scheme on US



Regulations without those in the executive branch to enforce them, is basically useless, IMO

Why Prosecutors Don't Go After Wall Street

BUSH GAVE A GET OUT OF JAIL FREE CARD SUMMER 2008

Why Prosecutors Don't Go After Wall Street : NPR

“When regulators don’t believe in regulation and don’t get what is going on at the companies they oversee, there can be no major white-collar crime prosecutions,”...“If they don’t understand what we call collective embezzlement, where people are literally looting their own firms, then it’s impossible to bring cases.”

http://www.nytimes.com/2011/04/14/bu...pagewanted=all

The FBI correctly identified the epidemic of mortgage control fraud at such an early point that the financial crisis could have been averted had the Bush administration acted with even minimal competence.
'
William K. Black: The Two Documents Everyone Should Read to Better Understand the Crisis

Believe what you want. Here is what a true liberal thinks of the last two democratic administrations.

Obama Is Trying to Fix Inequality by Hiring the Same Hacks Who Caused It The Nation

Obama s Friends in Low Places The Nation



Robert Scheer Bill Clinton s Legacy of Denial - Robert Scheer -Truthdig

 

[danielpalos]

Lol! Sorry but under Clinton and his cronies, they took a lot of the safety nets away that had been put into place decades ago. The mortgage bubble was the last bubble that we could ride and we couldn't shift to another bubble. Before we had dot.com bubbles and building bubbles and had credit bubbles. In the 90's people were remortgaging their homes at 125% of value, then going back into debt. We were living on credit and lots of debt. We can't do that and be a healthy nation.

The issue is the same cronies that were high up in the Clinton admin. Were in the Bush and the Obama admin. Crooks are crooks are crooks and both political parties are corrupt. I don't defend Republicans but I won't defend the Democrats. They both stink and as soon as we decide that both parties are corrupt, then we can fix them but as long as we support the status quo, we are screwed.

Weird how the GOPers NEVER accept responsibility for policies they failed under them, be it "supply side", "free trade", S&L crisis, 9/11, Dubya's subprime bubble, etc

I'm not a GOPer.

Funny how democrats don't accept responsibility for their policies.

Clinton reversing several regulations in the 90's that led to the Great Recession, also the recession that started a month and a half after a democrat left office.

You can argue all you want about whose fault it is. I blame both sides, they are both corrupt and they both hate the middle class. It is rich corrupt politicians, writing bills and policies for the rich.

I wonder why no one went after those bankers after the recession began. Hmmmm... Oh wait they were fined and they paid a fraction of their TARP money back. Why don't Dems take responsibility for that?

Please spare the defense of either party. Look at the candidates on both sides of the aisle. They all are terrible picks and the Dems front runner is the most corrupt. The GOP front runner is an abrasive loudmouth.

How can anyone support any of them?

I step this up a bit, YES, Clinton signed a deregulation bill pushed by Banksters for 30 years, supported by the GOP. The few votes against? DEMOCRATIC. But the repeal of G/S had almost zero to do with Dubya's REGULATOR failure!


Bailout Tracker
Tracking Every Dollar and Every Recipient

Detailed Breakdown
$615.4B
Outflows


Disbursed
Banks and other Financial Institutions $245B
Fannie and Freddie $187B
Auto Companies $79.7B
AIG $67.8B
Toxic Asset Purchases $18.6B
Mortgage Mod Program $10.6B
State Housing Programs $5.51B
Small Business Loan Aid $368M
FHA Refinance Program $60M
$672.7B
Inflows

Refunds $390B
Money returned to Treasury by bailed-out companies.
Dividends $252B
Revenue Treasury has earned on its investments through dividend payments.
Interest $1.81B
Revenue Treasury has earned through its loans through interest payments.
Warrants $9.63B
Revenue Treasury has earned from selling stock warrants it held on companies that have paid back its investment.
Other Proceeds $19.6B
Revenue from fees and sales of equity or other assets.
Profit: $57.3B
Bailout Scorecard Eye on the Bailout ProPublica

I thought only short-sellers need financial meltdowns to make a profit,

 

[Dad2three]

Lol! Sorry but under Clinton and his cronies, they took a lot of the safety nets away that had been put into place decades ago. The mortgage bubble was the last bubble that we could ride and we couldn't shift to another bubble. Before we had dot.com bubbles and building bubbles and had credit bubbles. In the 90's people were remortgaging their homes at 125% of value, then going back into debt. We were living on credit and lots of debt. We can't do that and be a healthy nation.

The issue is the same cronies that were high up in the Clinton admin. Were in the Bush and the Obama admin. Crooks are crooks are crooks and both political parties are corrupt. I don't defend Republicans but I won't defend the Democrats. They both stink and as soon as we decide that both parties are corrupt, then we can fix them but as long as we support the status quo, we are screwed.

Weird how the GOPers NEVER accept responsibility for policies they failed under them, be it "supply side", "free trade", S&L crisis, 9/11, Dubya's subprime bubble, etc

I'm not a GOPer.

Funny how democrats don't accept responsibility for their policies.

Clinton reversing several regulations in the 90's that led to the Great Recession, also the recession that started a month and a half after a democrat left office.

You can argue all you want about whose fault it is. I blame both sides, they are both corrupt and they both hate the middle class. It is rich corrupt politicians, writing bills and policies for the rich.

I wonder why no one went after those bankers after the recession began. Hmmmm... Oh wait they were fined and they paid a fraction of their TARP money back. Why don't Dems take responsibility for that?

Please spare the defense of either party. Look at the candidates on both sides of the aisle. They all are terrible picks and the Dems front runner is the most corrupt. The GOP front runner is an abrasive loudmouth.

How can anyone support any of them?

We elect those that don't 'believe in' regulations or regulators then are shocked when the Banksters hose US?

Reagan ignored warnings on the S&L crisis that began in 1984 that would have stopped 90%+ oh his crisis

Bush ignored FBI warnings that started in 2004 and ALLOWED the Banksters to run a ponzi scheme on US



Regulations without those in the executive branch to enforce them, is basically useless, IMO

Why Prosecutors Don't Go After Wall Street

BUSH GAVE A GET OUT OF JAIL FREE CARD SUMMER 2008

Why Prosecutors Don't Go After Wall Street : NPR

“When regulators don’t believe in regulation and don’t get what is going on at the companies they oversee, there can be no major white-collar crime prosecutions,”...“If they don’t understand what we call collective embezzlement, where people are literally looting their own firms, then it’s impossible to bring cases.”

http://www.nytimes.com/2011/04/14/bu...pagewanted=all

The FBI correctly identified the epidemic of mortgage control fraud at such an early point that the financial crisis could have been averted had the Bush administration acted with even minimal competence.
'
William K. Black: The Two Documents Everyone Should Read to Better Understand the Crisis

Believe what you want. Here is what a true liberal thinks of the last two democratic administrations.

Obama Is Trying to Fix Inequality by Hiring the Same Hacks Who Caused It The Nation

Obama s Friends in Low Places The Nation



Robert Scheer Bill Clinton s Legacy of Denial - Robert Scheer -Truthdig

Yep, BJ Bill was the best conservative Prez since Ike. Obama looks to be coming in second place. AND?

Robert Scheer is the author of The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street


I CAN'T HELP IT IF HE DOESN'T SEE IT AS REGULATOR FAILURE IT WAS BUBBA. G/S HAD ALMOST ZERO TO DO WITH DUBYA CHEERING ON A WORLD WIDE CREDIT BUBBLE AND BUST!!!


TIMELINE:

The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008


Regulators and policymakers enabled this process at virtually every turn. Part of the reason they failed to understand the housing bubble was willful ignorance: they bought into the argument that the market would equilibrate itself. In particular, financial actors and regulatory officials both believed that secondary and tertiary markets could effectively control risk through pricing.


http://www.tobinproject.org/sites/tobinproject.org/files/assets/Fligstein_Catalyst of Disaster_0.pdf


"(In 2000, CLINTON) HUD restricted Freddie and Fannie, saying it would not credit them for loans they purchased that had abusively high costs or that were granted without regard to the borrower's ability to repay."

How HUD Mortgage Policy Fed The Crisis

"In 2004 (BUSH) , the 2000 rules were dropped and high‐risk loans were again counted toward affordable housing goals."



DUBYA FOUGHT ALL 50 STATE AG'S IN 2003, INVOKING A CIVIL WAR ERA RULE SAYING FEDS RULE ON "PREDATORY" LENDERS!

Dubya was warned by the FBI of an "epidemic" of mortgage fraud in 2004. He gave them less resources. Later in 2004 Dubya allowed the leverage rules to go from 12-1 to 33-1 which flooded the market with cheap money!

Bush Increasing Homeownership

He insisted that Fannie Mae and Freddie Mac meet ambitious new goals for low-income lending.

Concerned that down payments were a barrier, Bush persuaded Congress to spend as much as $200 million a year to help first-time buyers with down payments and closing costs.

And he pushed to allow first-time buyers to qualify for government insured mortgages with no money down


Thanks again to the Bush administrations allowing the greedy & unethical brokers to operate at their will.

 

[Dad2three]

Lol! Sorry but under Clinton and his cronies, they took a lot of the safety nets away that had been put into place decades ago. The mortgage bubble was the last bubble that we could ride and we couldn't shift to another bubble. Before we had dot.com bubbles and building bubbles and had credit bubbles. In the 90's people were remortgaging their homes at 125% of value, then going back into debt. We were living on credit and lots of debt. We can't do that and be a healthy nation.

The issue is the same cronies that were high up in the Clinton admin. Were in the Bush and the Obama admin. Crooks are crooks are crooks and both political parties are corrupt. I don't defend Republicans but I won't defend the Democrats. They both stink and as soon as we decide that both parties are corrupt, then we can fix them but as long as we support the status quo, we are screwed.

Weird how the GOPers NEVER accept responsibility for policies they failed under them, be it "supply side", "free trade", S&L crisis, 9/11, Dubya's subprime bubble, etc

I'm not a GOPer.

Funny how democrats don't accept responsibility for their policies.

Clinton reversing several regulations in the 90's that led to the Great Recession, also the recession that started a month and a half after a democrat left office.

You can argue all you want about whose fault it is. I blame both sides, they are both corrupt and they both hate the middle class. It is rich corrupt politicians, writing bills and policies for the rich.

I wonder why no one went after those bankers after the recession began. Hmmmm... Oh wait they were fined and they paid a fraction of their TARP money back. Why don't Dems take responsibility for that?

Please spare the defense of either party. Look at the candidates on both sides of the aisle. They all are terrible picks and the Dems front runner is the most corrupt. The GOP front runner is an abrasive loudmouth.

How can anyone support any of them?

We elect those that don't 'believe in' regulations or regulators then are shocked when the Banksters hose US?

Reagan ignored warnings on the S&L crisis that began in 1984 that would have stopped 90%+ oh his crisis

Bush ignored FBI warnings that started in 2004 and ALLOWED the Banksters to run a ponzi scheme on US



Regulations without those in the executive branch to enforce them, is basically useless, IMO

Why Prosecutors Don't Go After Wall Street

BUSH GAVE A GET OUT OF JAIL FREE CARD SUMMER 2008

Why Prosecutors Don't Go After Wall Street : NPR

“When regulators don’t believe in regulation and don’t get what is going on at the companies they oversee, there can be no major white-collar crime prosecutions,”...“If they don’t understand what we call collective embezzlement, where people are literally looting their own firms, then it’s impossible to bring cases.”

http://www.nytimes.com/2011/04/14/bu...pagewanted=all

The FBI correctly identified the epidemic of mortgage control fraud at such an early point that the financial crisis could have been averted had the Bush administration acted with even minimal competence.
'
William K. Black: The Two Documents Everyone Should Read to Better Understand the Crisis

Believe what you want. Here is what a true liberal thinks of the last two democratic administrations.

Obama Is Trying to Fix Inequality by Hiring the Same Hacks Who Caused It The Nation

Obama s Friends in Low Places The Nation



Robert Scheer Bill Clinton s Legacy of Denial - Robert Scheer -Truthdig

Robert Scheer


Support of Republican candidate for Kentucky Senate


In the October 1, 2010, episode of the radio show Left, Right and Center, Scheer, a self-described liberal, expressed support for Rand Paul, son of former Libertarian presidential candidate Ron Paul, in his bid for the 2011-2016 Kentucky Senate seat

 

[Dad2three]

``

Lol! Sorry but under Clinton and his cronies, they took a lot of the safety nets away that had been put into place decades ago. The mortgage bubble was the last bubble that we could ride and we couldn't shift to another bubble. Before we had dot.com bubbles and building bubbles and had credit bubbles. In the 90's people were remortgaging their homes at 125% of value, then going back into debt. We were living on credit and lots of debt. We can't do that and be a healthy nation.

The issue is the same cronies that were high up in the Clinton admin. Were in the Bush and the Obama admin. Crooks are crooks are crooks and both political parties are corrupt. I don't defend Republicans but I won't defend the Democrats. They both stink and as soon as we decide that both parties are corrupt, then we can fix them but as long as we support the status quo, we are screwed.

Weird how the GOPers NEVER accept responsibility for policies they failed under them, be it "supply side", "free trade", S&L crisis, 9/11, Dubya's subprime bubble, etc

I'm not a GOPer.

Funny how democrats don't accept responsibility for their policies.

Clinton reversing several regulations in the 90's that led to the Great Recession, also the recession that started a month and a half after a democrat left office.

You can argue all you want about whose fault it is. I blame both sides, they are both corrupt and they both hate the middle class. It is rich corrupt politicians, writing bills and policies for the rich.

I wonder why no one went after those bankers after the recession began. Hmmmm... Oh wait they were fined and they paid a fraction of their TARP money back. Why don't Dems take responsibility for that?

Please spare the defense of either party. Look at the candidates on both sides of the aisle. They all are terrible picks and the Dems front runner is the most corrupt. The GOP front runner is an abrasive loudmouth.

How can anyone support any of them?

We elect those that don't 'believe in' regulations or regulators then are shocked when the Banksters hose US?

Reagan ignored warnings on the S&L crisis that began in 1984 that would have stopped 90%+ oh his crisis

Bush ignored FBI warnings that started in 2004 and ALLOWED the Banksters to run a ponzi scheme on US



Regulations without those in the executive branch to enforce them, is basically useless, IMO

Why Prosecutors Don't Go After Wall Street

BUSH GAVE A GET OUT OF JAIL FREE CARD SUMMER 2008

Why Prosecutors Don't Go After Wall Street : NPR

“When regulators don’t believe in regulation and don’t get what is going on at the companies they oversee, there can be no major white-collar crime prosecutions,”...“If they don’t understand what we call collective embezzlement, where people are literally looting their own firms, then it’s impossible to bring cases.”

http://www.nytimes.com/2011/04/14/bu...pagewanted=all

The FBI correctly identified the epidemic of mortgage control fraud at such an early point that the financial crisis could have been averted had the Bush administration acted with even minimal competence.
'
William K. Black: The Two Documents Everyone Should Read to Better Understand the Crisis

Believe what you want. Here is what a true liberal thinks of the last two democratic administrations.

Obama Is Trying to Fix Inequality by Hiring the Same Hacks Who Caused It The Nation

Obama s Friends in Low Places The Nation



Robert Scheer Bill Clinton s Legacy of Denial - Robert Scheer -Truthdig

CLINTON'S FAULT TOO?

Jun 16th 2005

The worldwide rise in house prices is the biggest bubble in history. Prepare for the economic pain when it pops

NEVER before have real house prices risen so fast, for so long, in so many countries. Property markets have been frothing from America, Britain and Australia to France, Spain and China. Rising property prices helped to prop up the world economy after the stockmarket bubble burst in 2000. What if the housing boom now turns to bust?

According to estimates by The Economist, the total value of residential property in developed economies rose by more than $30 trillion over the past five years, to over $70 trillion, an increase equivalent to 100% of those countries' combined GDPs.

Not only does this dwarf any previous house-price boom, it is larger than the global stockmarket bubble in the late 1990s (an increase over five years of 80% of GDP) or America's stockmarket bubble in the late 1920s (55% of GDP). In other words, it looks like the biggest bubble in history.

http://www.economist.com/node/4079027


REGULATOR FAILURE UNDER THE EXECUTIVE BRANCH BUBS



DUBYA FOUGHT ALL 50 STATE AG'S IN 2003, INVOKING A CIVIL WAR ERA RULE SAYING FEDS RULE ON "PREDATORY" LENDERS!

Dubya was warned by the FBI of an "epidemic" of mortgage fraud in 2004. He gave them less resources. Later in 2004 Dubya allowed the leverage rules to go from 12-1 to 33-1 which flooded the market with cheap money!

 

[danielpalos]

Why shouldn't "unearned" income be taxed at a higher rate than "earned" income.

End the work tax.