Watched "The Big Short" housing bubble movie

[Arianrhod]

its the kind of movie that angriest up the blood .
It's about some guys who saw the housing bubble burst coming in 2007 , and how they cashed it .

They ain't the bad guys either . The behavior of the banks and sec was rediculous . And of course they all got bailed out , no one went to jail.

Makes you a Bernie Sanders fan .

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank

Any thoughts on the majority of subprime loans...which were not Fannie or Freddie?

Any thoughts on why Obama didnt send any of them to jail

Any of whom? Most of you pretend the only problem was Fannie/Freddie.

 

[The Rabbi]

Royal Bank of Scotland.

Allied Irish Bank.

Anglo Irish Bank.

Kaupthing.

Bradford & Bingley.

Landsbanki.

Bankia.

UniCredit.

The Spanish cajas.

Wachovia.

IndyMac.

Washington Mutual.

Lehman Brothers.

Merrill Lynch.

Bear Stearns.

Just a very, very short list of some of the many, many banks around the world which collapsed, demonstrating the ludicrousness of trying to focus so much blame on Fannie and Freddie and negroes.

You understand Fannie/Freddie collapsed too, right?

 

[CrusaderFrank]

Royal Bank of Scotland.

Allied Irish Bank.

Anglo Irish Bank.

Kaupthing.

Bradford & Bingley.

Landsbanki.

Bankia.

UniCredit.

The Spanish cajas.

Wachovia.

IndyMac.

Washington Mutual.

Lehman Brothers.

Merrill Lynch.

Bear Stearns.

Just a very, very short list of some of the many, many banks around the world which collapsed, demonstrating the ludicrousness of trying to focus so much blame on Fannie and Freddie and negroes.

All planets that got caught in the orbits of the binary black holes Fannie & Freddie

 

[TNHarley]

yep. Quit voting for the establishment!
I have more respect for democrats that vote for Bernie than a corporatist slush fund manager like corrupt cankles. That at least shows your ability to think..

 

[Freewill]

yep. Quit voting for the establishment!
I have more respect for democrats that vote for Bernie than a corporatist slush fund manager like corrupt cankles. That at least shows your ability to think..

I am going to defend Mrs. Clinton again. Maybe the country needs a shrewd investor like Mrs. Clinton who can turn 1000 dollars into 100000 almost overnight just by watching CNN. I mean, miracles like that just don't happen.

 

[Freewill]

Looks to me like another bubble forming, time to bet short? Note also that when the bubble burst last time the prices dropped to where they should have been without the bubble. So what was really lost was a lot of fake equity.

 

[g5000]

Royal Bank of Scotland.

Allied Irish Bank.

Anglo Irish Bank.

Kaupthing.

Bradford & Bingley.

Landsbanki.

Bankia.

UniCredit.

The Spanish cajas.

Wachovia.

IndyMac.

Washington Mutual.

Lehman Brothers.

Merrill Lynch.

Bear Stearns.

Just a very, very short list of some of the many, many banks around the world which collapsed, demonstrating the ludicrousness of trying to focus so much blame on Fannie and Freddie and negroes.

You understand Fannie/Freddie collapsed too, right?

Yes, but you rubes' obsession with them as being a primary cause of the global economic collapse is laughable.

 

[g5000]

Royal Bank of Scotland.

Allied Irish Bank.

Anglo Irish Bank.

Kaupthing.

Bradford & Bingley.

Landsbanki.

Bankia.

UniCredit.

The Spanish cajas.

Wachovia.

IndyMac.

Washington Mutual.

Lehman Brothers.

Merrill Lynch.

Bear Stearns.

Just a very, very short list of some of the many, many banks around the world which collapsed, demonstrating the ludicrousness of trying to focus so much blame on Fannie and Freddie and negroes.

All planets that got caught in the orbits of the binary black holes Fannie & Freddie

BWA-HA-HA-HA-HA-HA!

You are so dense, you have become a black hole from which no intelligence can escape.

 

[LordBrownTrout]

good grief, what channel was this fairy tale on? CNN ? and they blamed the Banks?

So you feel the banks were just innocent victims? Please explain.

What are banks supposed to do when they have the federal govt threatening them to lend sub prime?

 

[g5000]

good grief, what channel was this fairy tale on? CNN ? and they blamed the Banks?

So you feel the banks were just innocent victims? Please explain.

What are banks supposed to do when they have the federal govt threatening them to lend sub prime?

Total bullshit. This has been debunked countless times, but you Whack-A-Moles keep popping up.

 

[g5000]

Royal Bank of Scotland.

Allied Irish Bank.

Anglo Irish Bank.

Kaupthing.

Bradford & Bingley.

Landsbanki.

Bankia.

UniCredit.

The Spanish cajas.

Lehman Brothers.

Merrill Lynch.

Bear Stearns.

Goldman Sachs.

Morgan Stanley.

JP Morgan.

AIG.



Dear rubes,

In the list above, name those collapsed financial institutions which were required by the federal government to make subprime loans.

 

[LordBrownTrout]

good grief, what channel was this fairy tale on? CNN ? and they blamed the Banks?

So you feel the banks were just innocent victims? Please explain.

What are banks supposed to do when they have the federal govt threatening them to lend sub prime?

Total bullshit. This has been debunked countless times, but you Whack-A-Moles keep popping up.

Man, you are one gullible piss drinker. You will believe anything.

 

[g5000]

Bear Stearns? Nope. Not subject to the CRA.

Lehman Brothers? Nope. Not subject to the CRA.

Goldman Sachs? Nope. Not subject to the CRA.

Merrill Lynch? Nope. Not subject to the CRA.

JP Morgan? Nope. Not subject to the CRA.


Landsbanki? Let's blame the negroes of Iceland!

 

[The Rabbi]

Royal Bank of Scotland.

Allied Irish Bank.

Anglo Irish Bank.

Kaupthing.

Bradford & Bingley.

Landsbanki.

Bankia.

UniCredit.

The Spanish cajas.

Wachovia.

IndyMac.

Washington Mutual.

Lehman Brothers.

Merrill Lynch.

Bear Stearns.

Just a very, very short list of some of the many, many banks around the world which collapsed, demonstrating the ludicrousness of trying to focus so much blame on Fannie and Freddie and negroes.

You understand Fannie/Freddie collapsed too, right?

Yes, but you rubes' obsession with them as being a primary cause of the global economic collapse is laughable.

You understand they were the major player in the mortgage market and their collapse cost taxpayers billions of dollars, right?

 

[The Rabbi]

Bear Stearns? Nope. Not subject to the CRA.

Lehman Brothers? Nope. Not subject to the CRA.

Goldman Sachs? Nope. Not subject to the CRA.

Merrill Lynch? Nope. Not subject to the CRA.

JP Morgan? Nope. Not subject to the CRA.


Landsbanki? Let's blame the negroes of Iceland!

Yes but the banks that originated the mortgages that were in the pools purchased by them were subject to CRA.
You fail, piss guzzler.

 

[g5000]

Dick Fuld took pains to buy up his own supply chain of mortgage brokers to ensure his derivatives machine would be fed.

You morons have no clue about what the causes of the collapse were. You are parroting a meme created on Fox News about two weeks after the collapse of Lehman Brothers by people who had no idea what had happened.

 

[g5000]

Bear Stearns? Nope. Not subject to the CRA.

Lehman Brothers? Nope. Not subject to the CRA.

Goldman Sachs? Nope. Not subject to the CRA.

Merrill Lynch? Nope. Not subject to the CRA.

JP Morgan? Nope. Not subject to the CRA.


Landsbanki? Let's blame the negroes of Iceland!

Yes but the banks that originated the mortgages that were in the pools purchased by them were subject to CRA.
You fail, piss guzzler.

Wrong. Like I just said, Lehman Brothers owned their own supply chain of brokers.

The increase in subprimes was all about greed.

 

[LordBrownTrout]

Dick Fuld took pains to buy up his own supply chain of mortgage brokers to ensure his derivatives machine would be fed.

You morons have no clue about what the causes of the collapse were. You are parroting a meme created on Fox News about two weeks after the collapse of Lehman Brothers by people who had no idea what had happened.

You're a loonbat. Fox has nothing to do with how govt was coercing banks into sub prime.

 

[g5000]

The thing you rubes utterly fail to understand is that if this was just a subprime mortgage problem, the crisis would have been much smaller.

It was massively amplified by unregulated derivatives like the CDS I discussed earlier.

And it was global.

These two facts chop the legs, arms, and head off your argument it had something to do with negroes.

Also, you ignore all those For Sale signs in your own lily white neighborhoods. "I had no idea Biff was a negro!"

The middle class was the bulk of the bubble. After all, you can loan a lot more money to someone in the middle class than you can to someone in poverty. And therefore you can get more of that $70 trillion into borrowers' hands and make more fees.

You fools have no clue how the financial system works.

 

[The Rabbi]

Bear Stearns? Nope. Not subject to the CRA.

Lehman Brothers? Nope. Not subject to the CRA.

Goldman Sachs? Nope. Not subject to the CRA.

Merrill Lynch? Nope. Not subject to the CRA.

JP Morgan? Nope. Not subject to the CRA.


Landsbanki? Let's blame the negroes of Iceland!

Yes but the banks that originated the mortgages that were in the pools purchased by them were subject to CRA.
You fail, piss guzzler.

Wrong. Like I just said, Lehman Brothers owned their own supply chain of brokers.

The increase in subprimes was all about greed.

Wrong. Part for whole fallacy.
Fannie and Freddie also set criteria for prime and therefore for sub-prime. And they watered those criteria down.