The Great Recession - a little tutoring for liberal Democrats

[NYcarbineer]

Timeline of the United States housing bubble - Wikipedia

Read the first line.

 

[NYcarbineer]

Who was in control 2001-2006?

I miss 2001 to 2006.....

Why? Were you serving in the military?

Oh...wait...

 

[Mac1958]

The meltdown began when all the toxic ARMs and Pick-A-Payment loans made in the five year period prior to 2007 began to reset.

All while being part of toxic shit MBSs and CDOs that were given AAA ratings by agencies who were selling their ratings, multiplied a zillion times by CDSs, and enabled by a Fed that refused to lift a finger to regulate securities it even admitted it couldn't fucking understand.

Yeah, it was all the Democrats' fault.


.

 

[g5000]

I only have time for a couple, until later. So here's just a couple of GIANT clues the CRA meme is total bullshit:

1. The vast majority of subprime loans were made to the middle class. Retards hear "subprime loan" and think they were all made to "lower income" borrowers (read: negroes). Some were, but the vast majority were to the middle class.

2. Iceland. Germany. United Kingdom. Italy. Et al. All these countries experienced the exact same banking collapse. So explain to all of us how the negroes of Iceland forced those banks to lend them money. I could use a good belly laugh.

 

[owebo]

The meltdown began when all the toxic ARMs and Pick-A-Payment loans made in the five year period prior to 2007 began to reset.

All while being part of toxic shit MBSs and CDOs that were given AAA ratings by agencies who were selling their ratings, multiplied by CDSs, and enabled by a Fed that refused to lift a finger to regulate securities it even admitted it couldn't even fucking understand.

Yeah, it was all the Democrats' fault.


.

Redlining.....Soros manipulating the oil market....all good democrat times.....

 

[owebo]

I only have time for a couple, until later. So here's just a couple of GIANT clues the CRA meme is total bullshit:

1. The vast majority of subprime loans were made to the middle class. Retards hear "subprime loan" and think they were all made to "lower income" borrowers (read: negroes). Some were, but the vast majority were to the middle class.

2. Iceland. Germany. United Kingdom. Italy. Et al. All these countries experienced the exact same banking collapse. So explain to all of us how the negroes of Iceland forced those banks to lend them money. I could use a good belly laugh.

The summers of recovery fixed it....

 

[Mac1958]

The meltdown began when all the toxic ARMs and Pick-A-Payment loans made in the five year period prior to 2007 began to reset.

All while being part of toxic shit MBSs and CDOs that were given AAA ratings by agencies who were selling their ratings, multiplied by CDSs, and enabled by a Fed that refused to lift a finger to regulate securities it even admitted it couldn't even fucking understand.

Yeah, it was all the Democrats' fault.


.

Redlining.....Soros manipulating the oil market....all good democrat times.....

Perhaps you'd like to comment on the specifics I provided regarding the Meltdown.

Go ahead and parse them out, feel free to go into as much detail as you'd like (it's my profession, so don't worry about talking over my head), and explain why you agree or disagree with my statement.

Looking forward to it, thanks.
.

 

[owebo]

The meltdown began when all the toxic ARMs and Pick-A-Payment loans made in the five year period prior to 2007 began to reset.

All while being part of toxic shit MBSs and CDOs that were given AAA ratings by agencies who were selling their ratings, multiplied by CDSs, and enabled by a Fed that refused to lift a finger to regulate securities it even admitted it couldn't even fucking understand.

Yeah, it was all the Democrats' fault.


.

Redlining.....Soros manipulating the oil market....all good democrat times.....

Perhaps you'd like to comment on the specifics I provided regarding the Meltdown.

Go ahead and parse them out, feel free to go into as much detail as you'd like (it's my profession, so don't worry about talking over my head), and explain why you agree or disagree with my statement.

Looking forward to it, thanks.
.

I still remember driving in the summer of 2007 when democrats tripled the cost of gas in two months....the roads we devoid of people since they went broke buying gas....

 

[Mac1958]

The meltdown began when all the toxic ARMs and Pick-A-Payment loans made in the five year period prior to 2007 began to reset.

All while being part of toxic shit MBSs and CDOs that were given AAA ratings by agencies who were selling their ratings, multiplied by CDSs, and enabled by a Fed that refused to lift a finger to regulate securities it even admitted it couldn't even fucking understand.

Yeah, it was all the Democrats' fault.


.

Redlining.....Soros manipulating the oil market....all good democrat times.....

Perhaps you'd like to comment on the specifics I provided regarding the Meltdown.

Go ahead and parse them out, feel free to go into as much detail as you'd like (it's my profession, so don't worry about talking over my head), and explain why you agree or disagree with my statement.

Looking forward to it, thanks.
.

I still remember driving in the summer of 2007 when democrats tripled the cost of gas in two months....the roads we devoid of people since they went broke buying gas....

Yeah.

I didn't think so.
.

 

[owebo]

The meltdown began when all the toxic ARMs and Pick-A-Payment loans made in the five year period prior to 2007 began to reset.

All while being part of toxic shit MBSs and CDOs that were given AAA ratings by agencies who were selling their ratings, multiplied by CDSs, and enabled by a Fed that refused to lift a finger to regulate securities it even admitted it couldn't even fucking understand.

Yeah, it was all the Democrats' fault.


.

Redlining.....Soros manipulating the oil market....all good democrat times.....

Perhaps you'd like to comment on the specifics I provided regarding the Meltdown.

Go ahead and parse them out, feel free to go into as much detail as you'd like (it's my profession, so don't worry about talking over my head), and explain why you agree or disagree with my statement.

Looking forward to it, thanks.
.

I still remember driving in the summer of 2007 when democrats tripled the cost of gas in two months....the roads we devoid of people since they went broke buying gas....

Yeah.

I didn't think so.
.

No, you just can't think. Period....

 

[sakinago]

Bill Clinton created the concept that every American should be able to purchase a home regardless of his ability to pay the mortgage. The myth persisted and banks and mortgage lenders were forced to make bad loans or risk federal civil rights litigation. Clinton's people decided to bundle bad loans with good loans and sell the bundle to mortgage lenders as good loans. The democrat party even rewarded political hacks with no show jobs on the Fannie Mae board. The shit hit the fan during Bush's last term when democrats won the majority in both houses and homosexual advocate Barney Frank found himself in charge of the powerful House Banking Committee which had oversight responsibility for Fannie Mae. This is where it gets interesting. As democrats were approaching the presidential election Frank told Americans that Fannie Mae was solvent and doing fine but Fannie went under just in time for the Obama election. There is no doubt that democrats were either profoundly negligent about the Fannie Mae lending policy or they intentionally caused the biggest October surprise in history to get a freaking community agitator elected president and damn the world wide fall out. The criminal enterprise known as the mainstream media wasn't even interested in asking Barney Frank what the hell he was doing.

They weren't forced at all, they made quite the racquet and very strongly incentivized their employees to sell these bad loans. But that's an easy choice to make when you know the government is going to come in and save the day. Thanks socialism for too big to fail.


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[Derelict_Drvr]

Bill Clinton created the concept that every American should be able to purchase a home regardless of his ability to pay the mortgage. The myth persisted and banks and mortgage lenders were forced to make bad loans or risk federal civil rights litigation.

BWA-HA-HA-HA!

I'll tell you what's a myth, dummy. The manufactured bullshit that the banks were forced to make all those toxic loans.

That's a complete lie. A very funny one which immediately exposes the ignorance of those who parrot that lie.

ECOMINOES: Frank And Dodd Started The Mortgage Crisis, But Not For The Reason You Think

 

[g5000]

Bill Clinton created the concept that every American should be able to purchase a home regardless of his ability to pay the mortgage. The myth persisted and banks and mortgage lenders were forced to make bad loans or risk federal civil rights litigation.

BWA-HA-HA-HA!

I'll tell you what's a myth, dummy. The manufactured bullshit that the banks were forced to make all those toxic loans.

That's a complete lie. A very funny one which immediately exposes the ignorance of those who parrot that lie.

ECOMINOES: Frank And Dodd Started The Mortgage Crisis, But Not For The Reason You Think

The GSEs were bit players in the GLOBAL subprime bubble. Their market share in the secondary market actually shrunk as the bubble grew.