Trump-$1.2 Billion In Core Business Losses

[georgephillip]

Trump's long anticipated Constitutional crisis has finally arrived,

CONSTITUTIONAL CRISIS:

An exposed coup attempt by the previous President, administration, and Democrats who are still attempting to carry out that failed coup.

Democrats who just voted to hold the US AG in 'Contempt' for REFUSING TO BREAK US FEDERAL LAW THEY (Congress) PASSED.

There's the tip of the Constitutional Crisis 'iceberg' created by the openly treasonous criminal Democrats.

An exposed coup attempt by the previous President, administration, and Democrats who are still attempting to carry out that failed coup.

Democrats who just voted to hold the US AG in 'Contempt' for REFUSING TO BREAK US FEDERAL LAW THEY (Congress) PASSED.

There's the tip of the Constitutional Crisis 'iceberg' created by the openly treasonous criminal Democrats.

Trump not only doesn't know how government works, he doesn't care. His only reason for being in office is to line his corrupt pockets and those of his equally criminal crime family.

Trump fired a FBI director investigating his ties to Russia.
He tried to quash that investigation, publicly and privately.
He dismissed a DoJ official who wouldn't carry out an order the courts later rejected.

He was corrupt con man before becoming POTUS, and he hasn't changed since taking office.

"The latest examples of constitutional stress caused by Trump include his decision to suffocate congressional oversight by refusing to cooperate -- like at all -- with its investigations following up on the Mueller report or into his tax returns.

"Attorney General William Barr could be held in contempt of Congress after a House vote Wednesday -- not unlike a similar move by Republicans against Eric Holder during the Obama administration."

How to know when it's a US constitutional crisis - CNNPolitics

Cool...
You just stated government doesn’t work and then you bitch that Trump doesn’t know how government works.

Cool...
You just stated government doesn’t work and then you bitch that Trump doesn’t know how government works.

Government doesn't work when the biggest loser in history cons low information trolls into putting him into the White House.

Ten years of Trump tax info obtained by NYT shows he was 'The Biggest Loser'

Is that a real cover ... or just one that Crazy Donald printed up himself?

Is that a real cover ... or just one that Crazy Donald printed up himself?

I think that cover is authentic, but I'm not sure if it was taken before or after his two civil tax fraud convictions:

The Biggest Loser | DCReport.org

"Remember that Trump lost two tax fraud trials.

"These were civil, not criminal trials, but the evidence was damning and more than sufficient to have justified criminal charges.

"Trump’s own tax lawyer and accountant, Jack Mitnick, testified against him at one trial."

 

[BWK]

You mean democrats BURGLARIZED the IRS to slander the president?

We need a special prosecutor to investigate this felonious act.

No, we mean Democrat oversight of a criminal in the WH. Which is their job.

Fucking liar.

{ The investigation did not establish any agreement among Campaign officials
or between such officials and Russia-linked individuals to interfere with or obstruct a lawful
function of a government agency during the campaign or transition period. And, as discussed in
Volume 1, Section V.A, supra, the investigation did not identify evidence that any Campaign
official or associate knowingly and intentionally participated in the conspiracy to defraud that the
Office charged, namely, the active-measures conspiracy described in Volume 1, Section II, supra.
Accordingly, the Office did not charge any Campaign associate or other US. person with
conspiracy to defraud the United States based on the Russia-related contacts described in Section
IV above.}

Who's saying anything about proving conspiracy? Collusion with Russia was proven and so was obstruction. Impeach this criminal bastard now.

Fucking liar.

{But collusion is not a specific offense or
theory of liability found in the US. Code; nor is it a term of art in federal criminal law. To the
contrary, even as defined in legal dictionaries, collusion is largely synonymous with conspiracy as
that crime is set forth in the general federal conspiracy statute, 18 U.S.C. 371. See Black ?3 Law
Dictionary 321. (10th ed. 2014) (collusion is agreement to defraud another or to do or obtain
something forbidden by law?); 1 Alexander Burrill, A Law Dictionary and Glossary 31 (1871)
(?An agreement between two or more persons to defraud another by the forms of law, or to employ
such forms as means of accomplishing some unlawful object?);}

Collusion can be unethical, immoral, and wrong, absent a signed or agreed arrangement. When Trump and his cronies engaged in that activity, they were dishonest, liars, and surrendered the public's trust. They are not fit to be leaders, nor were they ever. They are nothing but frauds using the office for their own enrichment.

Funny is for cowards. Man up.

 

[Oddball]

View attachment 259862

Those who can’t think, meme.

What's to think about, numbnutz?.....This shit is ancient history...The comeback from which the God Emperor is quite proud.

The Failboat needs a new port-of-call.

 

[francoHFW]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

It isnt damning at all. Under Clinton, Bush and Obama, they lost over 16 Trillion dollars. President Trump inst even in the big leagues compared to them.

Clinton - Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

Bush - George W. Bush:President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.​

Obama - Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831Billion by cutting taxes, extending unemployment benefits , and funding public works projects.

​

You are very confused.

Not at all, those three liberals lost trillions of our dollars, while Donald J Trump lost a measly 1 billion dollars. Do you know the difference between 16 trillion and 1 billion?

16,000,000,000,000
…...….1,000,000,000

it is like 1 dollar to 16 thousand dollars. Big damn difference punk.

Obama debt was 80% at least averting another corrupt GOP depression and welfare and unemployment for the victims. And Trump just blew a trillion for nothing but a give away to the rich.

Yet Trump's economy is booming...fewer people are on assistance...and unemployment is at historic lows...none of which Barry EVER accomplished!

It's the same damn economy since 2009, but the GOP propaganda machine never told the truth about that.

 

[georgephillip]

Trump's long anticipated Constitutional crisis has finally arrived,

CONSTITUTIONAL CRISIS:

An exposed coup attempt by the previous President, administration, and Democrats who are still attempting to carry out that failed coup.

Democrats who just voted to hold the US AG in 'Contempt' for REFUSING TO BREAK US FEDERAL LAW THEY (Congress) PASSED.

There's the tip of the Constitutional Crisis 'iceberg' created by the openly treasonous criminal Democrats.

An exposed coup attempt by the previous President, administration, and Democrats who are still attempting to carry out that failed coup.

Democrats who just voted to hold the US AG in 'Contempt' for REFUSING TO BREAK US FEDERAL LAW THEY (Congress) PASSED.

There's the tip of the Constitutional Crisis 'iceberg' created by the openly treasonous criminal Democrats.

Trump not only doesn't know how government works, he doesn't care. His only reason for being in office is to line his corrupt pockets and those of his equally criminal crime family.

Trump fired a FBI director investigating his ties to Russia.
He tried to quash that investigation, publicly and privately.
He dismissed a DoJ official who wouldn't carry out an order the courts later rejected.

He was corrupt con man before becoming POTUS, and he hasn't changed since taking office.

"The latest examples of constitutional stress caused by Trump include his decision to suffocate congressional oversight by refusing to cooperate -- like at all -- with its investigations following up on the Mueller report or into his tax returns.

"Attorney General William Barr could be held in contempt of Congress after a House vote Wednesday -- not unlike a similar move by Republicans against Eric Holder during the Obama administration."

How to know when it's a US constitutional crisis - CNNPolitics

Cool...
You just stated government doesn’t work and then you bitch that Trump doesn’t know how government works.

Cool...
You just stated government doesn’t work and then you bitch that Trump doesn’t know how government works.

Government doesn't work when the biggest loser in history cons low information trolls into putting him into the White House.

Ten years of Trump tax info obtained by NYT shows he was 'The Biggest Loser'

I see you have issues dealing with anything post-1999.

I see you have issues dealing with anything post-1999

You mean like a post-2019 impeachment?

The Biggest Loser | DCReport.org

"Now that Donald Trump has been exposed as perhaps the biggest loser in American business history, here are two reasonable questions to ask:

1. Does this shed any light on his fight to keep Congress from seeing his recent tax returns?
2. Do Trump’s tax filings matter to us and our government?

And the answers are yes and YES!"

 

[Jackson]

The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.

In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

Now we know, from a financial standpoint, just how irresponsible, reckless, and utterly clueless this guy is as a business owner, and we want him running the country?

Uh, no. No, thinking people don't.

Oh, poor Mr. Trump. He lost 1 billion and had only 7 more left. Irresponsible? Clueless? Take a good look at your post and then tell me who is clueless and irresponsible.

During the 80's & 90's numbnuts Trump could have made a fortune investing in Microsoft, Apple, IBM, etc. So what does the clown turn around & do? Opens shop selling steaks, vodka & buys casinos, running them into the ground. IBM, Apple, Microsoft worth billions with investors cleaning up. Trump Steaks, Trump Vodka? Not so much. HAHAHAHAHAHAHA!!!!

I was one of those "Smart investors" that invested everything I had in techs. I was making out like a bandit until the crash. I was told by my broker, "There is the bull, the bear and the pig." What did I say to that? Oink, Oink.

 

[Jackson]

The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.

In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

Now we know, from a financial standpoint, just how irresponsible, reckless, and utterly clueless this guy is as a business owner, and we want him running the country?

Uh, no. No, thinking people don't.

Oh, poor Mr. Trump. He lost 1 billion and had only 7 more left. Irresponsible? Clueless? Take a good look at your post and then tell me who is clueless and irresponsible.

During the 80's & 90's numbnuts Trump could have made a fortune investing in Microsoft, Apple, IBM, etc. So what does the clown turn around & do? Opens shop selling steaks, vodka & buys casinos, running them into the ground. IBM, Apple, Microsoft worth billions with investors cleaning up. Trump Steaks, Trump Vodka? Not so much. HAHAHAHAHAHAHA!!!!

Trump was always a loser in the business world, and was nothing more than a con.

And he lives in a house with everything gold. What does your house look like?

 

[BWK]

The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.

In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

Now we know, from a financial standpoint, just how irresponsible, reckless, and utterly clueless this guy is as a business owner, and we want him running the country?

Uh, no. No, thinking people don't.

Oh, poor Mr. Trump. He lost 1 billion and had only 7 more left. Irresponsible? Clueless? Take a good look at your post and then tell me who is clueless and irresponsible.

During the 80's & 90's numbnuts Trump could have made a fortune investing in Microsoft, Apple, IBM, etc. So what does the clown turn around & do? Opens shop selling steaks, vodka & buys casinos, running them into the ground. IBM, Apple, Microsoft worth billions with investors cleaning up. Trump Steaks, Trump Vodka? Not so much. HAHAHAHAHAHAHA!!!!

Trump was always a loser in the business world, and was nothing more than a con.

And he lives in a house with everything gold. What does your house look like?

It looks like shit, and I worked for it. Unlike Trump who was spoon fed everything he ever had, and proved to the world he was/is a criminal and stole from everyone else. I hold my head up high in the shit I got and I don't have to tell myself I'm a thief or a con man. He chose his resume, and I'm glad I chose mine. Anything else you need to know?

 

[Fort Fun Indiana]

They held over $1 trillion in subprime mortgages by 2002.
By 2008, 70% of the subprime and low quality mortgages were in government hands.

And what dollar amount defaulted, resulting in what actual loss of value? Oops, you forgot to mention that, despite it being completely crucial to the point you are implying.

So? What amount, and what amount of actual loss, after sale of the assets?

Gonna make something up? What....100 billion? 50 billion? What's your guess?

10 trillion in wealth was lost just here in the States. And you point the finger at fannie and Freddie, who might account for 1% of that? That is still stupid, as Fannie and fresdie buying those mortgages caused LESS overall loss than if they had not purchased them.

Point being, that was a drop in the bucket,and not the fault of fannie and freddie anyway. The only reason a person like you who knows next to nothing about any of this would even bring up Fannie and Freddie is wingnut disinformation campaigns.

 

[georgephillip]

Yes, there are a lot of gullible and stupid people in this country. That is not news. You remind of this every time you post. But I think some of them have seen through the ruse...

No it doesn't. Each state has 2 senators and house representation is based on state population. So according to your view every state should have the same number of house reps.

Lol
We’re talking about the executive branch, that’s what the electoral college is for. Most people learn that in grade school...

No, we were talking about how Hillary got more votes than Trump. Most grade schoolers know that Trump is president on a fluke.

Slums always vote for handouts.
The handouts eventually run out.

Slums always vote for handouts.
The handouts eventually run out.

Funny how the handouts never run out for slum-lords:

The Biggest Loser | DCReport.org

"Congress allows real estate developers to depreciate the value of their buildings even if they were bought with 100% borrowed money, as Trump did repeatedly.

"Owners of all other kinds of businesses must have their own money at risk to get tax breaks.

"So, reporting negative income, as Trump did every year, is no surprise.

"But the size of the losses is.

"Trump took almost 2% of all the losses reported in 1994 in the whole country, The Times reported.

"The real estate losses Trump took far exceed the value of his buildings and the limits enacted by Congress governing how much of that value can be written off each year.

"That means he also had large other losses, which was known generally, but not the scale of those losses."

 

[BWK]

It isnt damning at all. Under Clinton, Bush and Obama, they lost over 16 Trillion dollars. President Trump inst even in the big leagues compared to them.

Clinton - Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

Bush - George W. Bush:President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.​

Obama - Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831Billion by cutting taxes, extending unemployment benefits , and funding public works projects.

​

You are very confused.

Not at all, those three liberals lost trillions of our dollars, while Donald J Trump lost a measly 1 billion dollars. Do you know the difference between 16 trillion and 1 billion?

16,000,000,000,000
…...….1,000,000,000

it is like 1 dollar to 16 thousand dollars. Big damn difference punk.

Obama debt was 80% at least averting another corrupt GOP depression and welfare and unemployment for the victims. And Trump just blew a trillion for nothing but a give away to the rich.

Yet Trump's economy is booming...fewer people are on assistance...and unemployment is at historic lows...none of which Barry EVER accomplished!

It's the same damn economy since 2009, but the GOP propaganda machine never told the truth about that.

Exactly! I have yet to read one Trump stooge tell us what Trump did, that Obama hadn't already done, that makes the economy better than what Obama accomplished. Maybe it's because they don't know either? Lol!

 

[Toddsterpatriot]

They held over $1 trillion in subprime mortgages by 2002.
By 2008, 70% of the subprime and low quality mortgages were in government hands.

And what dollar amount defaulted, resulting in what actual loss of value? Oops, you forgot to mention that, despite it being completely crucial to the point you are implying.

So? What amount, and what amount of actual loss, after sale of the assets?

Gonna make something up? What....100 billion? 50 billion? What's your guess?

Point being, that was a drop in the bucket. The only reason a person like you who knows next to nothing about any of this would even bring up Fannie and Freddie is wingnut disinformation campaigns.

And what dollar amount defaulted, resulting in what actual loss of value?

Well, they needed nearly $200 billion in government funds, so I'd say a lot defaulted.

Oops, you forgot to mention that, despite it being completely crucial to the point you are implying.

The point I'm implying is that forcing that much demand for shitty mortgages will lead to
more supply being created. Feeds the bubble.

So? What amount, and what amount of actual loss, after sale of the assets?

In 2007 Fannie lost $2 billion, 2008 lost $58.7 billion, 2009 lost $72 billion, 2010 lost $14 billion, 2011 lost $16.8 billion.

Point being, that was a drop in the bucket.

You're a fucking moron.

 

[Fort Fun Indiana]

Well, they needed nearly $200 billion in government funds, so I'd say a lot defaulted.

Actually, it was about $125 billion, and it was paid back with profit to the government of almost $60 billion. So no,l obviously, that $125 bil wasn't the absolute loss of value. Swing and a miss....

The point I'm implying is that forcing that much demand for shitty mortgages will lead to
more supply being created. Feeds the bubble.

And the point I am making is that you can't attribute a significant fraction of that demand and consequence of it to Fannie and Freddie's practices. they bailed out mortgages that nobody wanted. That didn't cause the crash... and you will never, not ever, successfully argue that it did...

In 2007 Fannie lost $2 billion, 2008 lost $58.7 billion, 2009 lost $72 billion, 2010 lost $14 billion, 2011 lost $16.8 billion.

And the market lost $10 trillion. Glad we are seeing eye to eye, finally.

Yes it's a drop in the bucket. Lots of companies lost money, so you still haven't even started to show that F&Fs practices caused much bigger losses than otherwise, which is your burden. All your work is still ahead of you. Fannie and Freddie's practices, over the alternative that you will be happy to spell out for us, and their bearing on the recession over the alternative, spelled out by you, professor....


And...go!

 

[IM2]

Not at all, those three liberals lost trillions of our dollars, while Donald J Trump lost a measly 1 billion dollars. Do you know the difference between 16 trillion and 1 billion?

16,000,000,000,000
…...….1,000,000,000

it is like 1 dollar to 16 thousand dollars. Big damn difference punk.

Trump's losses were of private capital, not tax payer money.

Well he's losing taxpayer money now.

 

[Toddsterpatriot]

Well, they needed nearly $200 billion in government funds, so I'd say a lot defaulted.

Actually, it was about $125 billion, and it was paid back with profit to the government of almost $60 billion. So no,l obviously, that @125 bil wasn't the absolute loss of value. Swing and a miss....

The point I'm implying is that forcing that much demand for shitty mortgages will lead to
more supply being created. Feeds the bubble.

And the point I am making is that you can't attribute a significant fraction of that demand and consequence of it to Fannie and Freddie's practices. they bailed out mortgages that nobody wanted. That didn't cause the crash... and you will never, not ever, successfully argue that it did...

In 2007 Fannie lost $2 billion, 2008 lost $58.7 billion, 2009 lost $72 billion, 2010 lost $14 billion, 2011 lost $16.8 billion.

And the market lost $10 trillion. Glad we are seeing eye to eye, finally.

Yes it's a drop in the bucket. Lots of companies lost money, so you still haven't even started to show that F&Fs practices caused much bigger losses than otherwise, which is your burden. All your work is still ahead of you. Fannie and Freddie's practices, over the alternative that you will be happy to spell out for us, and their bearing on the recession, spelled out by you.


And...go!

Actually, it was about $125 billion

No, Fannie and Freddie combined got $191 billion in bailout funds.

And the point I am making is that you can't attribute a significant fraction of that demand and consequence of it to Fannie and Freddie's practices.

Only a moron would say that more than $1 trillion in crappy mortgages, by 2002, and 70% of the sub prime mortgages by 2008, isn't a significant fraction.

 

[Fort Fun Indiana]

Only a moron would say that more than $1 trillion in crappy mortgages, by 2002, and 70% of the sub prime mortgages by 2008, isn't a significant fraction.

Only a moron would say it is a significant factor in the crash. And a liar paid to lie to morons, which is where you got all your talking points anyway.

 

[RealDave]

So a law passed in 1977 sat silently in hiding & then leaped & pounced in 2006 - 2008 & created the worst recession in 80 years.

Nope. It was increased, stupidly, under Clinton.
Increased, again, stupidly, under GW Bush.
And don't get me started on HUD forcing Fannie and Freddie to buy crap mortgages.

More untrue bs.

CRA wasn't expanded under Clinton?
Wasn't expanded again under Bush?
HUD didn't force Fannie and Freddie to buy subprime mortgages?

So What? CRA had very little to do with Bush's financial meltdown. Even one of your fellow righties (hat tip to Papageorgio) tacitly posted...

Community Reinvestment Act of 1977 | Federal Reserve History

Following the financial crisis of 2007-08, some critics of the CRA argued it had contributed to the mortgage crisis by encouraging banks to make loans to riskier borrowers. There is some evidence that CRA lending standards were relaxed in the mid-1990s; however, the bulk of defaulted mortgages during the foreclosure crisis were originated between 2004 and 2007. In addition, many of those loans were issued by mortgage lenders not subject to the CRA. Overall, the available evidence suggests the CRA was not responsible for the subprime crisis (Haltom 2010).​

Exactly. Nor can we pin it on the small subprime mortgages purchased by freddie and fannie. It was the jumbo residential mortgages and equity lines and the commercial versions of same that chiefly crashed the portfolios' derivatives and then the global economy. Which, itself, was only one factor. Just as big a factor (if not the only real factor worth attacking) was our lax law and oversight. "Buyer beware" is fine, until it affects others besides the buyers.

Nor can we pin it on the small subprime mortgages purchased by freddie and fannie.

Why not? They held over $1 trillion in subprime mortgages by 2002.
By 2008, 70% of the subprime and low quality mortgages were in government hands.

They just participated. They didn't create.

 

[RealDave]

The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserve's failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk; An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis; Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw; and systemic breaches in accountability and ethics at all levels."[3]

According to the Department of Labor, roughly 8.7 million jobs (about 7%) were shed from February 2008 to February 2010, and real GDP contracted by 4.2% between Q4 2007 and Q2 2009, making the Great Recession the worst economic downturn since the Great Depression. The GDP bottom, or trough, was reached in the second quarter of 2009 (marking the technical end of the recession, defined as at least two consecutive quarters of declining GDP).[4] Real (inflation-adjusted) GDP did not regain its pre-crisis (Q4 2007) peak level until Q3 2011.[5] Unemployment rose from 4.7% in November 2007 to peak at 10% in October 2009, before returning steadily to 4.7% in May 2016.[6] The total number of jobs did not return to November 2007 levels until May 2014.[

Great Recession in the United States - Wikipedia

Democrats did not cause the recession and Trump has not delivered us this economy. As you can see here, under Trump unemployment has dropped just 1 percent and we are in his 3rd year.

So it was toxic mortgages that was the big problem. Wonder who lent the money and who borrowed? Lol!

Wonder who it happened under...?

It started in the 80’s and culminated in 2008, many mistakes by government and many years to come to fruition. To blame it on one person or party is for simpleminded partisans. Someday you might smarten up, and see both parties for what they are. I personally think you aren’t smart enough, just by the way you cherry pick instead of looking at the big picture.

This is 100% bullshit. Total Bullshit.

The Republicans have been the party of deregulation.

Republicans think we can trust companies to do the right thing. They thought that companies would not do things that would lead to theie demise. They were wrong, CEOs & stock holders wanted short term profits.

The near financial collapse belong 90% to Republicans.

 

[Muhammed]

View attachment 259862

Those who can’t think, meme.

Those who are complete idiots, such as yourself, think that the 1980s are a current event.

 

[LoneLaugher]

View attachment 259862

Those who can’t think, meme.

Those who are complete idiots ,such as yourself, think that the 80's are a current event.

Awesome.