The President with the worst average unemployment rate since World War II is?

[Faun]

What am I denying?

You and captain dumbshit have fun with your little game. I don't have any time for people who base their reality on politically motivated rhetorical nonsense.

Ah, shirley that explains why you're posting here in this political forum.

Though I suppose posting your own politally motivated rhetorical nonsense beats answering questions you can't answer.

\When I mention stupidity I'm thinking of captain dumbshit, when I mention dishonesty I'm thinking more of you.

I'm hurt ... no, really.

I believe we've already witnessed the limits of your thinking.

Oh, no. I can't take any more. Seriously.

 

[Liminal]

OP-No longer true. AND stupid anyway...

One good thing this thread does ; it provides a clear illustration of why so many voters loathe the Democrats about as much as they despise the Republicans.

 

[protectionist]

Two people in this forum seem to be on my side in my OP > "NO, Unemployment is NOT DOWN", and more than a dozen are in agreement with it in 2 other forums. So you just made a wrong statement. Egg on your face.

Great. More evidence you're insane. As if any were needed.

In reality, nobody agreed with you ... nobody 'liked' any of your posts ... nobody 'thanked' you for any of your posts ... nobody defended any of your idiocy ...

... yet here you are, deluding yourself into believing that 2 people are "on your side" on the issue; just as you delude yourself into believing that foreigners shouldn't count towards unemployment figures.

Your lying is obvious. It's also obvious that you're desperate, by virtue of the fact that you have to resort to foolish deceit.

1. My OP just began here a few hours ago, so most people don't even know it exists. so what do you do ? You pretend I haven't been thanked, HA HA, and try to use that as a basis to say my Op is bad. Do you realize how absolutely DUMB that is.

2. Then, you tried to get away with ignoring my statement that "more than a dozen are in agreement with it in 2 other forums" (and it's new there too) Well, I could give you the links to those, but should I ? Hell no. You're not worth it. You're too damn STUPID. And you'll never make it as a liar. You should have cut & run from this exchange, when you had the chance. Now you've got that egg all over your Whole body.

3. Too bad this is a computer forum, or you'd be smacked right in the head, just for your stupidity alone. Dumbass.

The one lying was you. YOU said 2 people were on your side when in fact, none were.

Now you make excuses for why you lied as though that means you didn't, such as it was a new thread or that there was another thread where people agreed with you.

You're nuts.

I was NOT lying . There were 2 people on my side, and dozens in the other forums. And it was a new thread, and you acted like there should have been many posters agreeing with me. The OP was only hoiurs old, you dolt. I'm not nuts, but you sure seem to be (as well as a LIAR too)

There was no one on your side in that thread. You lied. No one supported your idiocy in that thread at the time you said that.

I need not waste my time talking to an idiot.

 

[Liminal]

Great. More evidence you're insane. As if any were needed.

In reality, nobody agreed with you ... nobody 'liked' any of your posts ... nobody 'thanked' you for any of your posts ... nobody defended any of your idiocy ...

... yet here you are, deluding yourself into believing that 2 people are "on your side" on the issue; just as you delude yourself into believing that foreigners shouldn't count towards unemployment figures.

Your lying is obvious. It's also obvious that you're desperate, by virtue of the fact that you have to resort to foolish deceit.

1. My OP just began here a few hours ago, so most people don't even know it exists. so what do you do ? You pretend I haven't been thanked, HA HA, and try to use that as a basis to say my Op is bad. Do you realize how absolutely DUMB that is.

2. Then, you tried to get away with ignoring my statement that "more than a dozen are in agreement with it in 2 other forums" (and it's new there too) Well, I could give you the links to those, but should I ? Hell no. You're not worth it. You're too damn STUPID. And you'll never make it as a liar. You should have cut & run from this exchange, when you had the chance. Now you've got that egg all over your Whole body.

3. Too bad this is a computer forum, or you'd be smacked right in the head, just for your stupidity alone. Dumbass.

The one lying was you. YOU said 2 people were on your side when in fact, none were.

Now you make excuses for why you lied as though that means you didn't, such as it was a new thread or that there was another thread where people agreed with you.

You're nuts.

I was NOT lying . There were 2 people on my side, and dozens in the other forums. And it was a new thread, and you acted like there should have been many posters agreeing with me. The OP was only hoiurs old, you dolt. I'm not nuts, but you sure seem to be (as well as a LIAR too)

There was no one on your side in that thread. You lied. No one supported your idiocy in that thread at the time you said that.

I need not waste my time talking to an idiot.

She's not an idiot, she's purposefully deceptive and unconvincingly evasive. On the other hand she's not all that bright either, she's so deeply immersed in her own denial that you could almost believe she believes it too.

 

[TooTall]

The Housing bubble that was started under Clinton when he coerced lending institutions under penalty of law to loan money to those that would be unable to repay. That policy continued under Bush and the bundling of good and bad mortgages by the lending institutions that became worthless when the inflationary housing market price slowed, and people bailed out of their houses, caused the collapse of the economy. Bush realized the danger, but was unable to persuade the Democrats that controlled the House that the problem had to be resolved by the Congress.

Plenty of blame to go around unless you are a partisan hack.

You're either demented or lying (or both). In reality, when Democrats were in control of the House, they passed 2 bills to address the problem. One was introduced by Barney Frank (H.R.1427 in March, 2007), passed in the House but died in the Senate. The other, after Frank's bill died, was introduced by Nancy Pelosi (H.R.3221 in July, 2007) was ultimately signed by Bush in July, 2008.

This is rather factual and you may even read it.

"Clinton, however, sowed the seeds of the Great Recession by helping to inflate the housing bubble, a key part of the financial debacle of 2007. But this wasn’t because he (not George W. Bush) signed two financial deregulation bills. Although Clinton legalized interstate banking in 1994 and commercial/investment banking combinations in 1999, that had nothing to do with the meltdown.

Then whyisClinton culpable? Because his secretary of housing and urban development, Andrew Cuomo, current governor of New York and a likely 2016 presidential aspirant, accelerated easy-housing policies and inflated the housing bubble, setting the stage for its collapse.

The meltdown was the consequence of a combination of the easy money and low interest rates engineered by the Federal Reserve and the easy housing engineered by a variety of government agencies and policies. Those agencies include the Department of Housing and Urban Development (HUD) and two nominally private “government-sponsored enterprises” (GSEs), Fannie Mae and Freddie Mac. The agencies — along with laws such as the Community Reinvestment Act (passed in the 1970s, then fortified in the Clinton years), which required banks to make loans to people with poor and nonexistent credit histories — made widespread homeownership a national goal. This all led to a home-buying frenzy and an explosion of subprime and other non-prime mortgages, which banks and GSEs bundled into dubious securities and peddled to investors worldwide. Hovering in the background was the knowledge that the federal government would bail out troubled “too-big-to-fail” financial corporations, including Fannie and Freddie.

The housing boom could last for a while, but the bust was inevitable. When the Fed raised interest rates, things went kaboom. The Great Recession was on; we’re still suffering its effects. Without these government housing and monetary policies, the crisis would never have occurred.

Clinton’s contribution to the crisis lay in his appointment of Cuomo to HUD. Cuomo became HUD secretary in 1997 after becoming assistant secretary in 1993. In a heavily researched2008 articlein theVillage Voice, Wayne Barrett writes,

Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country’s current crisis. He took actions that — in combination with many other factors — helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded ‘kickbacks’ to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.

Perhaps the only domestic issue George Bush and Bill Clinton were in complete agreement about was maximizing home ownership, each trying to lay claim to a record percentage of homeowners, and both describing their efforts as a boon to blacks and Hispanics. HUD, Fannie, and Freddie were their instruments, and, as is now apparent, the more unsavory the means, the greater the growth.…

Cuomo …did more to set these forces of unregulated expansion in motion than any other secretary and then boasted about it, presenting his initiatives as crusades for racial and social justice. [Emphasis added.]

Bill Clinton gave Cuomo that power and backed his aggressive policies to the hilt. Bill Clinton, then, shares responsibility for the Great Recession. When will he be held accountable?"

Seriously, are you drunk?

You were blaming the Democrat-led 110th Congress for the meltdown? WTF does that have to do with Clinton?

Then you posted how the Democrat-led House ignored Bush's attempts to "persuade" them into fixing lending problems. I correct you by showing 2 bills that Democrat-led House passed, one of which made it to Bush's desk -- and you respond with that long-winded diatribe which has nothing to do with your idiotic inference that the Democrat-led 110th Congress was responsible for the financial meltdown.

Apparently you are too fucking stupid to read what the laws that caused the eventual meltdown were and when and why they were signed into law. At last, a bill just before I leave office and after the crash. I am sure Bush was pleased.

So how did the Democrat-led House cause the crash??

I'm still waiting for you to explain how they did that?

And if I'm the one who's "too fucking stupid," why was I the one who had to educate you about the Democrat-led House passing two bills shortly after taking control, which you didn't know about?

You're welcome, by the way.

I will try and dumb the 'long winded diatribe down a bit for he dumbass partisans. One bill getting to Bush's desk a couple of months before the end of his term and AFTER the crash in the housing market is a joke.

"The meltdown was the consequence of a combination of the easy money and low interest rates engineered by the Federal Reserve and the easy housing engineered by a variety of government agencies and policies. Those agencies include the Department of Housing and Urban Development (HUD) and two nominally private “government-sponsored enterprises” (GSEs), Fannie Mae and Freddie Mac. The agencies — along with laws such as the Community Reinvestment Act (passed in the 1970s, then fortified in the Clinton years), which required banks to make loans to people with poor and nonexistent credit histories — made widespread homeownership a national goal. This all led to a home-buying frenzy and an explosion of subprime and other non-prime mortgages, which banks and GSEs bundled into dubious securities and peddled to investors worldwide. Hovering in the background was the knowledge that the federal government would bail out troubled “too-big-to-fail” financial corporations, including Fannie and Freddie.

Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country’s current crisis. He took actions that — in combination with many other factors — helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded ‘kickbacks’ to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.

Perhaps the only domestic issue George Bush and Bill Clinton were in complete agreement about was maximizing home ownership, each trying to lay claim to a record percentage of homeowners, and both describing their efforts as a boon to blacks and Hispanics. HUD, Fannie, and Freddie were their instruments, and, as is now apparent, the more unsavory the means, the greater the growth.…"

 

[Liminal]

Interesting juxtaposition on this thread, so called liberals trying to minimize the effects of grinding poverty and homelessness. Not hard to imagine what they'll have to say about that when a Republican is in the White House. Craven hypocrites.

 

[Dad2three]

If these people are Democrats it's time I rethink my political orientation.

Sure Bubba, I believe you, lol

I gotta hand it to you, you are as nasty, superficial, and stupid as the most brain dead right wing red neck anywhere.

Yeah Bubba, tell me if i give a damn what a 'moderate' might think, lol

Looks like I've just been called the "M" word. I stand shamed and admonished, I don't know how I'll ever recover.

You can pretend you are one IF that makes you feel good rightie

 

[Dad2three]

And this is what it's come to: Stupidity and dishonesty from both right and left in equal measure. This country is fucked.

Yeah, 'both' sides are at fault, rightie, lol

 

[Dad2three]

You guys are as bad as any right wingers in full denial mode.

What am I denying?

You and captain dumbshit have fun with your little game. I don't have any time for people who base their reality on politically motivated rhetorical nonsense.

Ah, shirley that explains why you're posting here in this political forum.

Though I suppose posting your own politally motivated rhetorical nonsense beats answering questions you can't answer.

The irony impaired far left drones and their comments!

People like that some times make me embarrassed to admit I'm a Democrat.

Blue dog huh

 

[Liminal]

If these people are Democrats it's time I rethink my political orientation.

Sure Bubba, I believe you, lol

I gotta hand it to you, you are as nasty, superficial, and stupid as the most brain dead right wing red neck anywhere.

Yeah Bubba, tell me if i give a damn what a 'moderate' might think, lol

Looks like I've just been called the "M" word. I stand shamed and admonished, I don't know how I'll ever recover.

You can pretend you are one IF that makes you feel good rightie

That's not for you to decide dummy. You don't get to tell me what my politics are when you're obviously too stupid to know what you stand for.

 

[Liminal]

What am I denying?

You and captain dumbshit have fun with your little game. I don't have any time for people who base their reality on politically motivated rhetorical nonsense.

Ah, shirley that explains why you're posting here in this political forum.

Though I suppose posting your own politally motivated rhetorical nonsense beats answering questions you can't answer.

The irony impaired far left drones and their comments!

People like that some times make me embarrassed to admit I'm a Democrat.

Blue dog huh

You bear all the worst attributes of the classic country club liberal.

 

[Dad2three]

You're either demented or lying (or both). In reality, when Democrats were in control of the House, they passed 2 bills to address the problem. One was introduced by Barney Frank (H.R.1427 in March, 2007), passed in the House but died in the Senate. The other, after Frank's bill died, was introduced by Nancy Pelosi (H.R.3221 in July, 2007) was ultimately signed by Bush in July, 2008.

This is rather factual and you may even read it.

"Clinton, however, sowed the seeds of the Great Recession by helping to inflate the housing bubble, a key part of the financial debacle of 2007. But this wasn’t because he (not George W. Bush) signed two financial deregulation bills. Although Clinton legalized interstate banking in 1994 and commercial/investment banking combinations in 1999, that had nothing to do with the meltdown.

Then whyisClinton culpable? Because his secretary of housing and urban development, Andrew Cuomo, current governor of New York and a likely 2016 presidential aspirant, accelerated easy-housing policies and inflated the housing bubble, setting the stage for its collapse.

The meltdown was the consequence of a combination of the easy money and low interest rates engineered by the Federal Reserve and the easy housing engineered by a variety of government agencies and policies. Those agencies include the Department of Housing and Urban Development (HUD) and two nominally private “government-sponsored enterprises” (GSEs), Fannie Mae and Freddie Mac. The agencies — along with laws such as the Community Reinvestment Act (passed in the 1970s, then fortified in the Clinton years), which required banks to make loans to people with poor and nonexistent credit histories — made widespread homeownership a national goal. This all led to a home-buying frenzy and an explosion of subprime and other non-prime mortgages, which banks and GSEs bundled into dubious securities and peddled to investors worldwide. Hovering in the background was the knowledge that the federal government would bail out troubled “too-big-to-fail” financial corporations, including Fannie and Freddie.

The housing boom could last for a while, but the bust was inevitable. When the Fed raised interest rates, things went kaboom. The Great Recession was on; we’re still suffering its effects. Without these government housing and monetary policies, the crisis would never have occurred.

Clinton’s contribution to the crisis lay in his appointment of Cuomo to HUD. Cuomo became HUD secretary in 1997 after becoming assistant secretary in 1993. In a heavily researched2008 articlein theVillage Voice, Wayne Barrett writes,

Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country’s current crisis. He took actions that — in combination with many other factors — helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded ‘kickbacks’ to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.

Perhaps the only domestic issue George Bush and Bill Clinton were in complete agreement about was maximizing home ownership, each trying to lay claim to a record percentage of homeowners, and both describing their efforts as a boon to blacks and Hispanics. HUD, Fannie, and Freddie were their instruments, and, as is now apparent, the more unsavory the means, the greater the growth.…

Cuomo …did more to set these forces of unregulated expansion in motion than any other secretary and then boasted about it, presenting his initiatives as crusades for racial and social justice. [Emphasis added.]

Bill Clinton gave Cuomo that power and backed his aggressive policies to the hilt. Bill Clinton, then, shares responsibility for the Great Recession. When will he be held accountable?"

Seriously, are you drunk?

You were blaming the Democrat-led 110th Congress for the meltdown? WTF does that have to do with Clinton?

Then you posted how the Democrat-led House ignored Bush's attempts to "persuade" them into fixing lending problems. I correct you by showing 2 bills that Democrat-led House passed, one of which made it to Bush's desk -- and you respond with that long-winded diatribe which has nothing to do with your idiotic inference that the Democrat-led 110th Congress was responsible for the financial meltdown.

Apparently you are too fucking stupid to read what the laws that caused the eventual meltdown were and when and why they were signed into law. At last, a bill just before I leave office and after the crash. I am sure Bush was pleased.

So how did the Democrat-led House cause the crash??

I'm still waiting for you to explain how they did that?

And if I'm the one who's "too fucking stupid," why was I the one who had to educate you about the Democrat-led House passing two bills shortly after taking control, which you didn't know about?

You're welcome, by the way.

I will try and dumb the 'long winded diatribe down a bit for he dumbass partisans. One bill getting to Bush's desk a couple of months before the end of his term and AFTER the crash in the housing market is a joke.

"The meltdown was the consequence of a combination of the easy money and low interest rates engineered by the Federal Reserve and the easy housing engineered by a variety of government agencies and policies. Those agencies include the Department of Housing and Urban Development (HUD) and two nominally private “government-sponsored enterprises” (GSEs), Fannie Mae and Freddie Mac. The agencies — along with laws such as the Community Reinvestment Act (passed in the 1970s, then fortified in the Clinton years), which required banks to make loans to people with poor and nonexistent credit histories — made widespread homeownership a national goal. This all led to a home-buying frenzy and an explosion of subprime and other non-prime mortgages, which banks and GSEs bundled into dubious securities and peddled to investors worldwide. Hovering in the background was the knowledge that the federal government would bail out troubled “too-big-to-fail” financial corporations, including Fannie and Freddie.

Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country’s current crisis. He took actions that — in combination with many other factors — helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded ‘kickbacks’ to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.

Perhaps the only domestic issue George Bush and Bill Clinton were in complete agreement about was maximizing home ownership, each trying to lay claim to a record percentage of homeowners, and both describing their efforts as a boon to blacks and Hispanics. HUD, Fannie, and Freddie were their instruments, and, as is now apparent, the more unsavory the means, the greater the growth.…"

DISHONEST POS


One president controlled the regulators that not only let banks stop checking income but cheered them on. And as president Bush could enact the very policies that caused the Bush Mortgage Bubble and he did. And his party controlled congress.



Bush talked about reform. He talked and he talked. And then he stopped reform. (read that as many times as necessary. Bush stopped reform). And then he stopped it again.





"(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 (DUBYA), the 2000 rules were dropped and high‐risk loans were again counted toward affordable housing goals."
http://www.prmia.org/sites/default/files/references/Fannie_Mae_and_Freddie_Mac_090911_v2.pdf

Lots of programs have always been in place to encourage home ownership, etc, but the absolutely insane stuff came when the banks basically gave up on lending standards.


The Bush Mortgage Bubble started in late 2004. that was the same year bush implemented his toxic housing polcies


The critics have forgotten that the House passed a GSE reform bill in 2005 that could well have prevented the current crisis, says Mr Oxley (R), now vice-chairman of Nasdaq.”

“What did we get from the White House? We got a one-finger salute.”



No, the GSEs Did Not Cause the Financial Meltdown (but thats just according to the data)

1. Private markets caused the shady mortgage boom:

2. The government’s affordability mission didn’t cause the crisis:

3. There is a lot of research to back this up and little against it: This is not exactly an obscure corner of the wonk world — it is one of the most studied capital markets in the world.

4. Conservatives sang a different tune before the crash: Conservative think tanks spent the 2000s saying the exact opposite of what they are saying now

MY FAV:


AEI'S (ED PINTO'S COHORT SPREADING THE BIG LIE) Peter Wallison in 2004: “In recent years, study after study has shown that Fannie Mae and Freddie Mac are failing to do even as much as banks and S&Ls in providing financing for affordable housing, including minority and low income housing.”

LOL

CLINTON HUH?

 

[Dad2three]

You're either demented or lying (or both). In reality, when Democrats were in control of the House, they passed 2 bills to address the problem. One was introduced by Barney Frank (H.R.1427 in March, 2007), passed in the House but died in the Senate. The other, after Frank's bill died, was introduced by Nancy Pelosi (H.R.3221 in July, 2007) was ultimately signed by Bush in July, 2008.

This is rather factual and you may even read it.

"Clinton, however, sowed the seeds of the Great Recession by helping to inflate the housing bubble, a key part of the financial debacle of 2007. But this wasn’t because he (not George W. Bush) signed two financial deregulation bills. Although Clinton legalized interstate banking in 1994 and commercial/investment banking combinations in 1999, that had nothing to do with the meltdown.

Then whyisClinton culpable? Because his secretary of housing and urban development, Andrew Cuomo, current governor of New York and a likely 2016 presidential aspirant, accelerated easy-housing policies and inflated the housing bubble, setting the stage for its collapse.

The meltdown was the consequence of a combination of the easy money and low interest rates engineered by the Federal Reserve and the easy housing engineered by a variety of government agencies and policies. Those agencies include the Department of Housing and Urban Development (HUD) and two nominally private “government-sponsored enterprises” (GSEs), Fannie Mae and Freddie Mac. The agencies — along with laws such as the Community Reinvestment Act (passed in the 1970s, then fortified in the Clinton years), which required banks to make loans to people with poor and nonexistent credit histories — made widespread homeownership a national goal. This all led to a home-buying frenzy and an explosion of subprime and other non-prime mortgages, which banks and GSEs bundled into dubious securities and peddled to investors worldwide. Hovering in the background was the knowledge that the federal government would bail out troubled “too-big-to-fail” financial corporations, including Fannie and Freddie.

The housing boom could last for a while, but the bust was inevitable. When the Fed raised interest rates, things went kaboom. The Great Recession was on; we’re still suffering its effects. Without these government housing and monetary policies, the crisis would never have occurred.

Clinton’s contribution to the crisis lay in his appointment of Cuomo to HUD. Cuomo became HUD secretary in 1997 after becoming assistant secretary in 1993. In a heavily researched2008 articlein theVillage Voice, Wayne Barrett writes,

Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country’s current crisis. He took actions that — in combination with many other factors — helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded ‘kickbacks’ to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.

Perhaps the only domestic issue George Bush and Bill Clinton were in complete agreement about was maximizing home ownership, each trying to lay claim to a record percentage of homeowners, and both describing their efforts as a boon to blacks and Hispanics. HUD, Fannie, and Freddie were their instruments, and, as is now apparent, the more unsavory the means, the greater the growth.…

Cuomo …did more to set these forces of unregulated expansion in motion than any other secretary and then boasted about it, presenting his initiatives as crusades for racial and social justice. [Emphasis added.]

Bill Clinton gave Cuomo that power and backed his aggressive policies to the hilt. Bill Clinton, then, shares responsibility for the Great Recession. When will he be held accountable?"

Seriously, are you drunk?

You were blaming the Democrat-led 110th Congress for the meltdown? WTF does that have to do with Clinton?

Then you posted how the Democrat-led House ignored Bush's attempts to "persuade" them into fixing lending problems. I correct you by showing 2 bills that Democrat-led House passed, one of which made it to Bush's desk -- and you respond with that long-winded diatribe which has nothing to do with your idiotic inference that the Democrat-led 110th Congress was responsible for the financial meltdown.

Apparently you are too fucking stupid to read what the laws that caused the eventual meltdown were and when and why they were signed into law. At last, a bill just before I leave office and after the crash. I am sure Bush was pleased.

So how did the Democrat-led House cause the crash??

I'm still waiting for you to explain how they did that?

And if I'm the one who's "too fucking stupid," why was I the one who had to educate you about the Democrat-led House passing two bills shortly after taking control, which you didn't know about?

You're welcome, by the way.

I will try and dumb the 'long winded diatribe down a bit for he dumbass partisans. One bill getting to Bush's desk a couple of months before the end of his term and AFTER the crash in the housing market is a joke.

"The meltdown was the consequence of a combination of the easy money and low interest rates engineered by the Federal Reserve and the easy housing engineered by a variety of government agencies and policies. Those agencies include the Department of Housing and Urban Development (HUD) and two nominally private “government-sponsored enterprises” (GSEs), Fannie Mae and Freddie Mac. The agencies — along with laws such as the Community Reinvestment Act (passed in the 1970s, then fortified in the Clinton years), which required banks to make loans to people with poor and nonexistent credit histories — made widespread homeownership a national goal. This all led to a home-buying frenzy and an explosion of subprime and other non-prime mortgages, which banks and GSEs bundled into dubious securities and peddled to investors worldwide. Hovering in the background was the knowledge that the federal government would bail out troubled “too-big-to-fail” financial corporations, including Fannie and Freddie.

Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country’s current crisis. He took actions that — in combination with many other factors — helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded ‘kickbacks’ to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.

Perhaps the only domestic issue George Bush and Bill Clinton were in complete agreement about was maximizing home ownership, each trying to lay claim to a record percentage of homeowners, and both describing their efforts as a boon to blacks and Hispanics. HUD, Fannie, and Freddie were their instruments, and, as is now apparent, the more unsavory the means, the greater the growth.…"

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.”



Q Did the Community Reinvestment Act under Carter/Clinton caused it?


A "Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "

http://www.federalreserve.gov/newsevents/speech/20081203_analysis.pdf


Not only did he take a blind eye but he actively rescinded State laws that would have prohibited the predatory lending by Commercial Banks. Bush was an ENABLER of bad loans in the bubble.

http://www.washingtonpost.com/wp-dyn...021302783.html

 

[Dad2three]

You and captain dumbshit have fun with your little game. I don't have any time for people who base their reality on politically motivated rhetorical nonsense.

Ah, shirley that explains why you're posting here in this political forum.

Though I suppose posting your own politally motivated rhetorical nonsense beats answering questions you can't answer.

The irony impaired far left drones and their comments!

People like that some times make me embarrassed to admit I'm a Democrat.

Blue dog huh

You bear all the worst attributes of the classic country club liberal.

Says the 'moderate', lol

 

[Dad2three]

Interesting juxtaposition on this thread, so called liberals trying to minimize the effects of grinding poverty and homelessness. Not hard to imagine what they'll have to say about that when a Republican is in the White House. Craven hypocrites.

"Not hard to imagine what they'll have to say about that when a Republican is in the White House. "

Oh you mean the guys whose POLICIES create the problems for the bottom 90% of US? LOL

 

[Faun]

Your lying is obvious. It's also obvious that you're desperate, by virtue of the fact that you have to resort to foolish deceit.

1. My OP just began here a few hours ago, so most people don't even know it exists. so what do you do ? You pretend I haven't been thanked, HA HA, and try to use that as a basis to say my Op is bad. Do you realize how absolutely DUMB that is.

2. Then, you tried to get away with ignoring my statement that "more than a dozen are in agreement with it in 2 other forums" (and it's new there too) Well, I could give you the links to those, but should I ? Hell no. You're not worth it. You're too damn STUPID. And you'll never make it as a liar. You should have cut & run from this exchange, when you had the chance. Now you've got that egg all over your Whole body.

3. Too bad this is a computer forum, or you'd be smacked right in the head, just for your stupidity alone. Dumbass.

The one lying was you. YOU said 2 people were on your side when in fact, none were.

Now you make excuses for why you lied as though that means you didn't, such as it was a new thread or that there was another thread where people agreed with you.

You're nuts.

I was NOT lying . There were 2 people on my side, and dozens in the other forums. And it was a new thread, and you acted like there should have been many posters agreeing with me. The OP was only hoiurs old, you dolt. I'm not nuts, but you sure seem to be (as well as a LIAR too)

There was no one on your side in that thread. You lied. No one supported your idiocy in that thread at the time you said that.

I need not waste my time talking to an idiot.

She's not an idiot, she's purposefully deceptive and unconvincingly evasive. On the other hand she's not all that bright either, she's so deeply immersed in her own denial that you could almost believe she believes it too.

You're funny. You say that I'm denying something, but it seems you can't verbalize what it is you think I'm denying.

 

[Dad2three]

You're either demented or lying (or both). In reality, when Democrats were in control of the House, they passed 2 bills to address the problem. One was introduced by Barney Frank (H.R.1427 in March, 2007), passed in the House but died in the Senate. The other, after Frank's bill died, was introduced by Nancy Pelosi (H.R.3221 in July, 2007) was ultimately signed by Bush in July, 2008.

This is rather factual and you may even read it.

"Clinton, however, sowed the seeds of the Great Recession by helping to inflate the housing bubble, a key part of the financial debacle of 2007. But this wasn’t because he (not George W. Bush) signed two financial deregulation bills. Although Clinton legalized interstate banking in 1994 and commercial/investment banking combinations in 1999, that had nothing to do with the meltdown.

Then whyisClinton culpable? Because his secretary of housing and urban development, Andrew Cuomo, current governor of New York and a likely 2016 presidential aspirant, accelerated easy-housing policies and inflated the housing bubble, setting the stage for its collapse.

The meltdown was the consequence of a combination of the easy money and low interest rates engineered by the Federal Reserve and the easy housing engineered by a variety of government agencies and policies. Those agencies include the Department of Housing and Urban Development (HUD) and two nominally private “government-sponsored enterprises” (GSEs), Fannie Mae and Freddie Mac. The agencies — along with laws such as the Community Reinvestment Act (passed in the 1970s, then fortified in the Clinton years), which required banks to make loans to people with poor and nonexistent credit histories — made widespread homeownership a national goal. This all led to a home-buying frenzy and an explosion of subprime and other non-prime mortgages, which banks and GSEs bundled into dubious securities and peddled to investors worldwide. Hovering in the background was the knowledge that the federal government would bail out troubled “too-big-to-fail” financial corporations, including Fannie and Freddie.

The housing boom could last for a while, but the bust was inevitable. When the Fed raised interest rates, things went kaboom. The Great Recession was on; we’re still suffering its effects. Without these government housing and monetary policies, the crisis would never have occurred.

Clinton’s contribution to the crisis lay in his appointment of Cuomo to HUD. Cuomo became HUD secretary in 1997 after becoming assistant secretary in 1993. In a heavily researched2008 articlein theVillage Voice, Wayne Barrett writes,

Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country’s current crisis. He took actions that — in combination with many other factors — helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded ‘kickbacks’ to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.

Perhaps the only domestic issue George Bush and Bill Clinton were in complete agreement about was maximizing home ownership, each trying to lay claim to a record percentage of homeowners, and both describing their efforts as a boon to blacks and Hispanics. HUD, Fannie, and Freddie were their instruments, and, as is now apparent, the more unsavory the means, the greater the growth.…

Cuomo …did more to set these forces of unregulated expansion in motion than any other secretary and then boasted about it, presenting his initiatives as crusades for racial and social justice. [Emphasis added.]

Bill Clinton gave Cuomo that power and backed his aggressive policies to the hilt. Bill Clinton, then, shares responsibility for the Great Recession. When will he be held accountable?"

Seriously, are you drunk?

You were blaming the Democrat-led 110th Congress for the meltdown? WTF does that have to do with Clinton?

Then you posted how the Democrat-led House ignored Bush's attempts to "persuade" them into fixing lending problems. I correct you by showing 2 bills that Democrat-led House passed, one of which made it to Bush's desk -- and you respond with that long-winded diatribe which has nothing to do with your idiotic inference that the Democrat-led 110th Congress was responsible for the financial meltdown.

Apparently you are too fucking stupid to read what the laws that caused the eventual meltdown were and when and why they were signed into law. At last, a bill just before I leave office and after the crash. I am sure Bush was pleased.

So how did the Democrat-led House cause the crash??

I'm still waiting for you to explain how they did that?

And if I'm the one who's "too fucking stupid," why was I the one who had to educate you about the Democrat-led House passing two bills shortly after taking control, which you didn't know about?

You're welcome, by the way.

I will try and dumb the 'long winded diatribe down a bit for he dumbass partisans. One bill getting to Bush's desk a couple of months before the end of his term and AFTER the crash in the housing market is a joke.

"The meltdown was the consequence of a combination of the easy money and low interest rates engineered by the Federal Reserve and the easy housing engineered by a variety of government agencies and policies. Those agencies include the Department of Housing and Urban Development (HUD) and two nominally private “government-sponsored enterprises” (GSEs), Fannie Mae and Freddie Mac. The agencies — along with laws such as the Community Reinvestment Act (passed in the 1970s, then fortified in the Clinton years), which required banks to make loans to people with poor and nonexistent credit histories — made widespread homeownership a national goal. This all led to a home-buying frenzy and an explosion of subprime and other non-prime mortgages, which banks and GSEs bundled into dubious securities and peddled to investors worldwide. Hovering in the background was the knowledge that the federal government would bail out troubled “too-big-to-fail” financial corporations, including Fannie and Freddie.

Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country’s current crisis. He took actions that — in combination with many other factors — helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded ‘kickbacks’ to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.

Perhaps the only domestic issue George Bush and Bill Clinton were in complete agreement about was maximizing home ownership, each trying to lay claim to a record percentage of homeowners, and both describing their efforts as a boon to blacks and Hispanics. HUD, Fannie, and Freddie were their instruments, and, as is now apparent, the more unsavory the means, the greater the growth.…"

WHY NOT ATTRIBUTE YOUR QUOTE? LOL

"Clinton’s Legacy: The Financial and Housing Meltdown"

OH RIGHT, THE RIGHTS THOROUGHLY DEBUNKED POSIT THAT CLINTON HAD A HAND IN DUBYA'S BUBBLE, LOL






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.”

One president controlled the regulators that not only let banks stop checking income but cheered them on. And as president Bush could enact the very policies that caused the Bush Mortgage Bubble and he did. And his party controlled congress.

 

[Dad2three]

You're either demented or lying (or both). In reality, when Democrats were in control of the House, they passed 2 bills to address the problem. One was introduced by Barney Frank (H.R.1427 in March, 2007), passed in the House but died in the Senate. The other, after Frank's bill died, was introduced by Nancy Pelosi (H.R.3221 in July, 2007) was ultimately signed by Bush in July, 2008.

This is rather factual and you may even read it.

"Clinton, however, sowed the seeds of the Great Recession by helping to inflate the housing bubble, a key part of the financial debacle of 2007. But this wasn’t because he (not George W. Bush) signed two financial deregulation bills. Although Clinton legalized interstate banking in 1994 and commercial/investment banking combinations in 1999, that had nothing to do with the meltdown.

Then whyisClinton culpable? Because his secretary of housing and urban development, Andrew Cuomo, current governor of New York and a likely 2016 presidential aspirant, accelerated easy-housing policies and inflated the housing bubble, setting the stage for its collapse.

The meltdown was the consequence of a combination of the easy money and low interest rates engineered by the Federal Reserve and the easy housing engineered by a variety of government agencies and policies. Those agencies include the Department of Housing and Urban Development (HUD) and two nominally private “government-sponsored enterprises” (GSEs), Fannie Mae and Freddie Mac. The agencies — along with laws such as the Community Reinvestment Act (passed in the 1970s, then fortified in the Clinton years), which required banks to make loans to people with poor and nonexistent credit histories — made widespread homeownership a national goal. This all led to a home-buying frenzy and an explosion of subprime and other non-prime mortgages, which banks and GSEs bundled into dubious securities and peddled to investors worldwide. Hovering in the background was the knowledge that the federal government would bail out troubled “too-big-to-fail” financial corporations, including Fannie and Freddie.

The housing boom could last for a while, but the bust was inevitable. When the Fed raised interest rates, things went kaboom. The Great Recession was on; we’re still suffering its effects. Without these government housing and monetary policies, the crisis would never have occurred.

Clinton’s contribution to the crisis lay in his appointment of Cuomo to HUD. Cuomo became HUD secretary in 1997 after becoming assistant secretary in 1993. In a heavily researched2008 articlein theVillage Voice, Wayne Barrett writes,

Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country’s current crisis. He took actions that — in combination with many other factors — helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded ‘kickbacks’ to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.

Perhaps the only domestic issue George Bush and Bill Clinton were in complete agreement about was maximizing home ownership, each trying to lay claim to a record percentage of homeowners, and both describing their efforts as a boon to blacks and Hispanics. HUD, Fannie, and Freddie were their instruments, and, as is now apparent, the more unsavory the means, the greater the growth.…

Cuomo …did more to set these forces of unregulated expansion in motion than any other secretary and then boasted about it, presenting his initiatives as crusades for racial and social justice. [Emphasis added.]

Bill Clinton gave Cuomo that power and backed his aggressive policies to the hilt. Bill Clinton, then, shares responsibility for the Great Recession. When will he be held accountable?"

Seriously, are you drunk?

You were blaming the Democrat-led 110th Congress for the meltdown? WTF does that have to do with Clinton?

Then you posted how the Democrat-led House ignored Bush's attempts to "persuade" them into fixing lending problems. I correct you by showing 2 bills that Democrat-led House passed, one of which made it to Bush's desk -- and you respond with that long-winded diatribe which has nothing to do with your idiotic inference that the Democrat-led 110th Congress was responsible for the financial meltdown.

Apparently you are too fucking stupid to read what the laws that caused the eventual meltdown were and when and why they were signed into law. At last, a bill just before I leave office and after the crash. I am sure Bush was pleased.

So how did the Democrat-led House cause the crash??

I'm still waiting for you to explain how they did that?

And if I'm the one who's "too fucking stupid," why was I the one who had to educate you about the Democrat-led House passing two bills shortly after taking control, which you didn't know about?

You're welcome, by the way.

I will try and dumb the 'long winded diatribe down a bit for he dumbass partisans. One bill getting to Bush's desk a couple of months before the end of his term and AFTER the crash in the housing market is a joke.

"The meltdown was the consequence of a combination of the easy money and low interest rates engineered by the Federal Reserve and the easy housing engineered by a variety of government agencies and policies. Those agencies include the Department of Housing and Urban Development (HUD) and two nominally private “government-sponsored enterprises” (GSEs), Fannie Mae and Freddie Mac. The agencies — along with laws such as the Community Reinvestment Act (passed in the 1970s, then fortified in the Clinton years), which required banks to make loans to people with poor and nonexistent credit histories — made widespread homeownership a national goal. This all led to a home-buying frenzy and an explosion of subprime and other non-prime mortgages, which banks and GSEs bundled into dubious securities and peddled to investors worldwide. Hovering in the background was the knowledge that the federal government would bail out troubled “too-big-to-fail” financial corporations, including Fannie and Freddie.

Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country’s current crisis. He took actions that — in combination with many other factors — helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded ‘kickbacks’ to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.

Perhaps the only domestic issue George Bush and Bill Clinton were in complete agreement about was maximizing home ownership, each trying to lay claim to a record percentage of homeowners, and both describing their efforts as a boon to blacks and Hispanics. HUD, Fannie, and Freddie were their instruments, and, as is now apparent, the more unsavory the means, the greater the growth.…"

"The meltdown was the consequence of a combination of the easy money and low interest rates engineered by the Federal Reserve and the easy housing engineered by a variety of government agencies and policies. "

WORLD WIDE BANKSTER CREDIT BUBBLE AND BUST? LOL

Examining the big lie: How the facts of the economic crisis stack up

 

[Dad2three]

NOTE I LINK AND SOURCE? LOL



1. Private markets caused the shady mortgage boom:

2. The government’s affordability mission didn’t cause the crisis:

3. There is a lot of research to back this up and little against it:

4. Conservatives sang a different tune before the crash: Conservative think tanks spent the 2000s saying the exact opposite of what they are saying now


5. Expanding the subprime loan category to say GSEs had more exposure makes no sense: Some argue that the GSEs had huge subprime exposure if you create a new category that supposedly represents the risks of subprime more accurately. This new “high-risk” category is associated with a consultant to AEI named Ed Pinto, and his analysis deliberately blurs the wording on “high-risk” and subprime in much of his writings.


6. Even some Republicans don’t agree with this argument: The three Republicans on the FCIC panel rejected the “blame the GSEs/Congress” approach to explaining the crisis in their minority report. Indeed, they, and most conservatives who know this is a dead end, tend to take a “it’s a whole lot of things, hoocoodanode?” approach.

Peter Wallison blamed the GSEs when he served as the fourth Republican on the FCIC panel. What did the other three Republicans make of his argument? Check out these released FCIC emails from the GOP members. They are really fun, because you can see the other Republicans doing damage control and debating whether Wallison and Pinto were on the take for making this argument — because the argument makes no sense when looking at the data.

There are lots of great quotes: “Re: peter, it seems that if you get pinto on your side, peter can’t complain. But is peter thinking idependently [sic] or is he just a parrot for pinto?”, “I can’t tell re: who is the leader and who is the follower,” “Maybe this email is reaching you too late but I think wmt [William M. Thomas] is going to push to find out if pinto is being paid by anyone.” And then there’s the infamous event where Wallison emailed his fellow GOP member: “It’s very important, I think, that what we say in our separate statements not undermine the ability of the new House GOP to modify or repeal Dodd-Frank.”

The GSEs had a serious corruption problem and were flawed in design — Jeff Madrick and Frank Partnoy had a good column about the GSEs in the NYRB recently that you should check out about all this — but they were not the culprits of the bubble.


No, the GSEs Did Not Cause the Financial Meltdown (but thats just according to the data)

 

[Liminal]

The one lying was you. YOU said 2 people were on your side when in fact, none were.

Now you make excuses for why you lied as though that means you didn't, such as it was a new thread or that there was another thread where people agreed with you.

You're nuts.

I was NOT lying . There were 2 people on my side, and dozens in the other forums. And it was a new thread, and you acted like there should have been many posters agreeing with me. The OP was only hoiurs old, you dolt. I'm not nuts, but you sure seem to be (as well as a LIAR too)

There was no one on your side in that thread. You lied. No one supported your idiocy in that thread at the time you said that.

I need not waste my time talking to an idiot.

She's not an idiot, she's purposefully deceptive and unconvincingly evasive. On the other hand she's not all that bright either, she's so deeply immersed in her own denial that you could almost believe she believes it too.

You're funny. You say that I'm denying something, but it seems you can't verbalize what it is you think I'm denying.

You're just a fucking liar, you spent the whole thread not only denying the fact that the government obviously has no way of collecting accurate data, but going so far as to deny the very existence of any problem in this country with homelessness and poverty. Talk about country club liberals. You have no credibility as a Democrat or even as a human being.