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All of them. Break the entire country up into independent states.
Bullshit. Link?If they were unqualified buyers why were they given mortgages?Robo-signing didn't cause unqualified buyers to default.
Government mandated that Fannie and Freddie purchase a huge percentage of mortgages from subprime borrowers. Many others followed their lead.
Bullshit. Link?If they were unqualified buyers why were they given mortgages?Robo-signing didn't cause unqualified buyers to default.
Government mandated that Fannie and Freddie purchase a huge percentage of mortgages from subprime borrowers. Many others followed their lead.
His most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators.
At first, this quota was 30%; that is, of all the loans they bought, 30% had to be made to people at or below the median income in their communities. HUD, however, was given authority to administer these quotas, and between 1992 and 2007, the quotas were raised from 30% to 50% under Clinton in 2000 and to 55% under Bush in 2007. Despite Frank's effort to make this seem like a partisan issue, it isn't. The Bush administration was just as guilty of this error as the Clinton administration.
Hey, Barney Frank: The Government Did Cause the Housing Crisis
LOL!
I knew you were incapable of manning up. You made an incorrect remark, I proved you wrong. Now all you have are excuses. I'm sure Obama is to blame or something.Dude, you claimed the ones who paid no taxes lost billions.So how is it possible that a giant of American business, General Electric, paid nothing in federal taxes last year, even as it made billions in profit?It's weird, after losing billions, companies don't pay taxes. Durr.
GE Paid No Federal Taxes in 2010
It must suck to be you.
So how is it possible that a giant of American business, General Electric, paid nothing in federal taxes last year,
For those unaccustomed to the loopholes and shelters of the corporate tax code, GE's success at avoiding taxes is nothing short of extraordinary. The company, led by Immelt, earned $14.2 billion in profits in 2010, but it paid not a penny in taxes because the bulk of those profits, some $9 billion, were offshore.
$5.2 billion in domestic earnings in 2010.
How difficult is it to believe they lost more than $5.2 billion in 2008 and 2009?
And then when you add in the moronic green energy subsidies they're handed........
I proved you wrong.
Man up, for once in your life.
Dude, you claimed the ones who paid no taxes lost billions.
Dude, when you lose money in 2008 and 2009, you carry the losses forward, until you can deduct them from actual profits.
It's accounting, so it's obvious why you don't understand.
I knew you were incapable of manning up. You made an incorrect remark, I proved you wrong. Now all you have are excuses. I'm sure Obama is to blame or something.Dude, you claimed the ones who paid no taxes lost billions.So how is it possible that a giant of American business, General Electric, paid nothing in federal taxes last year, even as it made billions in profit?It's weird, after losing billions, companies don't pay taxes. Durr.
GE Paid No Federal Taxes in 2010
It must suck to be you.
So how is it possible that a giant of American business, General Electric, paid nothing in federal taxes last year,
For those unaccustomed to the loopholes and shelters of the corporate tax code, GE's success at avoiding taxes is nothing short of extraordinary. The company, led by Immelt, earned $14.2 billion in profits in 2010, but it paid not a penny in taxes because the bulk of those profits, some $9 billion, were offshore.
$5.2 billion in domestic earnings in 2010.
How difficult is it to believe they lost more than $5.2 billion in 2008 and 2009?
And then when you add in the moronic green energy subsidies they're handed........
I proved you wrong.
Man up, for once in your life.
Dude, you claimed the ones who paid no taxes lost billions.
Dude, when you lose money in 2008 and 2009, you carry the losses forward, until you can deduct them from actual profits.
It's accounting, so it's obvious why you don't understand.
Republicans were in control of those committees, and Congress, from 1994-2007.Bullshit. Link?If they were unqualified buyers why were they given mortgages?Robo-signing didn't cause unqualified buyers to default.
Government mandated that Fannie and Freddie purchase a huge percentage of mortgages from subprime borrowers. Many others followed their lead.
His most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators.
At first, this quota was 30%; that is, of all the loans they bought, 30% had to be made to people at or below the median income in their communities. HUD, however, was given authority to administer these quotas, and between 1992 and 2007, the quotas were raised from 30% to 50% under Clinton in 2000 and to 55% under Bush in 2007. Despite Frank's effort to make this seem like a partisan issue, it isn't. The Bush administration was just as guilty of this error as the Clinton administration.
Hey, Barney Frank: The Government Did Cause the Housing Crisis
LOL!
I knew you were incapable of manning up. You made an incorrect remark, I proved you wrong. Now all you have are excuses. I'm sure Obama is to blame or something.Dude, you claimed the ones who paid no taxes lost billions.So how is it possible that a giant of American business, General Electric, paid nothing in federal taxes last year, even as it made billions in profit?
GE Paid No Federal Taxes in 2010
It must suck to be you.
So how is it possible that a giant of American business, General Electric, paid nothing in federal taxes last year,
For those unaccustomed to the loopholes and shelters of the corporate tax code, GE's success at avoiding taxes is nothing short of extraordinary. The company, led by Immelt, earned $14.2 billion in profits in 2010, but it paid not a penny in taxes because the bulk of those profits, some $9 billion, were offshore.
$5.2 billion in domestic earnings in 2010.
How difficult is it to believe they lost more than $5.2 billion in 2008 and 2009?
And then when you add in the moronic green energy subsidies they're handed........
I proved you wrong.
Man up, for once in your life.
Dude, you claimed the ones who paid no taxes lost billions.
Dude, when you lose money in 2008 and 2009, you carry the losses forward, until you can deduct them from actual profits.
It's accounting, so it's obvious why you don't understand.
You made an incorrect remark, I proved you wrong.
What was my incorrect remark?
It's weird, after losing billions, companies don't pay taxes. Durr.
Republicans were in control of those committees, and Congress, from 1994-2007.Bullshit. Link?If they were unqualified buyers why were they given mortgages?Robo-signing didn't cause unqualified buyers to default.
Government mandated that Fannie and Freddie purchase a huge percentage of mortgages from subprime borrowers. Many others followed their lead.
His most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators.
At first, this quota was 30%; that is, of all the loans they bought, 30% had to be made to people at or below the median income in their communities. HUD, however, was given authority to administer these quotas, and between 1992 and 2007, the quotas were raised from 30% to 50% under Clinton in 2000 and to 55% under Bush in 2007. Despite Frank's effort to make this seem like a partisan issue, it isn't. The Bush administration was just as guilty of this error as the Clinton administration.
Hey, Barney Frank: The Government Did Cause the Housing Crisis
LOL!
LOL!
I knew you were incapable of manning up. You made an incorrect remark, I proved you wrong. Now all you have are excuses. I'm sure Obama is to blame or something.Dude, you claimed the ones who paid no taxes lost billions.So how is it possible that a giant of American business, General Electric, paid nothing in federal taxes last year,
For those unaccustomed to the loopholes and shelters of the corporate tax code, GE's success at avoiding taxes is nothing short of extraordinary. The company, led by Immelt, earned $14.2 billion in profits in 2010, but it paid not a penny in taxes because the bulk of those profits, some $9 billion, were offshore.
$5.2 billion in domestic earnings in 2010.
How difficult is it to believe they lost more than $5.2 billion in 2008 and 2009?
And then when you add in the moronic green energy subsidies they're handed........
I proved you wrong.
Man up, for once in your life.
Dude, you claimed the ones who paid no taxes lost billions.
Dude, when you lose money in 2008 and 2009, you carry the losses forward, until you can deduct them from actual profits.
It's accounting, so it's obvious why you don't understand.
You made an incorrect remark, I proved you wrong.
What was my incorrect remark?
This.
It's weird, after losing billions, companies don't pay taxes. Durr.
Oh, for a second there I thought you were trying to blame Barney Frank, who was in the minority and had no power to make law.Republicans were in control of those committees, and Congress, from 1994-2007.Bullshit. Link?If they were unqualified buyers why were they given mortgages?
Government mandated that Fannie and Freddie purchase a huge percentage of mortgages from subprime borrowers. Many others followed their lead.
His most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators.
At first, this quota was 30%; that is, of all the loans they bought, 30% had to be made to people at or below the median income in their communities. HUD, however, was given authority to administer these quotas, and between 1992 and 2007, the quotas were raised from 30% to 50% under Clinton in 2000 and to 55% under Bush in 2007. Despite Frank's effort to make this seem like a partisan issue, it isn't. The Bush administration was just as guilty of this error as the Clinton administration.
Hey, Barney Frank: The Government Did Cause the Housing Crisis
LOL!
LOL!
Republicans were in control of those committees, and Congress, from 1994-2007.
And I said.....
Government mandated that Fannie and Freddie purchase a huge percentage of mortgages from subprime borrowers. Many others followed their lead.
LOL!
Because you didn't show that GE lost billions in 2008 and 2009.I knew you were incapable of manning up. You made an incorrect remark, I proved you wrong. Now all you have are excuses. I'm sure Obama is to blame or something.Dude, you claimed the ones who paid no taxes lost billions.
I proved you wrong.
Man up, for once in your life.
Dude, you claimed the ones who paid no taxes lost billions.
Dude, when you lose money in 2008 and 2009, you carry the losses forward, until you can deduct them from actual profits.
It's accounting, so it's obvious why you don't understand.
You made an incorrect remark, I proved you wrong.
What was my incorrect remark?
This.
It's weird, after losing billions, companies don't pay taxes. Durr.
It's true, when companies lose money, they don't pay taxes.
So what was my incorrect remark?
Oh, for a second there I thought you were trying to blame Barney Frank, who was in the minority and had no power to make law.Republicans were in control of those committees, and Congress, from 1994-2007.Bullshit. Link?Government mandated that Fannie and Freddie purchase a huge percentage of mortgages from subprime borrowers. Many others followed their lead.
His most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators.
At first, this quota was 30%; that is, of all the loans they bought, 30% had to be made to people at or below the median income in their communities. HUD, however, was given authority to administer these quotas, and between 1992 and 2007, the quotas were raised from 30% to 50% under Clinton in 2000 and to 55% under Bush in 2007. Despite Frank's effort to make this seem like a partisan issue, it isn't. The Bush administration was just as guilty of this error as the Clinton administration.
Hey, Barney Frank: The Government Did Cause the Housing Crisis
LOL!
LOL!
Republicans were in control of those committees, and Congress, from 1994-2007.
And I said.....
Government mandated that Fannie and Freddie purchase a huge percentage of mortgages from subprime borrowers. Many others followed their lead.
LOL!
But your link is bullshit, anyway.
You say Barney blames it all on the banks and says they need to be regulated more tightly. This is a straw man. He explicitly said that commercial banks which already operate on a highly regulated sector weren't the problem. He did say that the problem was with unregulated non bank entities, such as Countrywide, and securitizers.
”Of the X subprime loans held by the government,Y (high number) percent were held by freddie and fannie.” I don't know, maybe this is because it's their function to buy loans? This is like saying that 90 percent of illegally disposed of toxic waste resides in city dumps. No shit! It doesn't mean that the dumps are the bad actors as just a likely spot for toxic waste to end up because they are in the business of waste disposal. In fact, I'd be surprised and alarmed if other areas of the government were holding a higher percentage of the govt's subprime portfolio.
Oh, for a second there I thought you were trying to blame Barney Frank, who was in the minority and had no power to make law.Republicans were in control of those committees, and Congress, from 1994-2007.Bullshit. Link?Government mandated that Fannie and Freddie purchase a huge percentage of mortgages from subprime borrowers. Many others followed their lead.
His most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators.
At first, this quota was 30%; that is, of all the loans they bought, 30% had to be made to people at or below the median income in their communities. HUD, however, was given authority to administer these quotas, and between 1992 and 2007, the quotas were raised from 30% to 50% under Clinton in 2000 and to 55% under Bush in 2007. Despite Frank's effort to make this seem like a partisan issue, it isn't. The Bush administration was just as guilty of this error as the Clinton administration.
Hey, Barney Frank: The Government Did Cause the Housing Crisis
LOL!
LOL!
Republicans were in control of those committees, and Congress, from 1994-2007.
And I said.....
Government mandated that Fannie and Freddie purchase a huge percentage of mortgages from subprime borrowers. Many others followed their lead.
LOL!
But your link is bullshit, anyway.
You say Barney blames it all on the banks and says they need to be regulated more tightly. This is a straw man. He explicitly said that commercial banks which already operate on a highly regulated sector weren't the problem. He did say that the problem was with unregulated non bank entities, such as Countrywide, and securitizers.
”Of the X subprime loans held by the government,Y (high number) percent were held by freddie and fannie.” I don't know, maybe this is because it's their function to buy loans? This is like saying that 90 percent of illegally disposed of toxic waste resides in city dumps. No shit! It doesn't mean that the dumps are the bad actors as just a likely spot for toxic waste to end up because they are in the business of waste disposal. In fact, I'd be surprised and alarmed if other areas of the government were holding a higher percentage of the govt's subprime portfolio.
Because you didn't show that GE lost billions in 2008 and 2009.I knew you were incapable of manning up. You made an incorrect remark, I proved you wrong. Now all you have are excuses. I'm sure Obama is to blame or something.Dude, you claimed the ones who paid no taxes lost billions.
Dude, when you lose money in 2008 and 2009, you carry the losses forward, until you can deduct them from actual profits.
It's accounting, so it's obvious why you don't understand.
You made an incorrect remark, I proved you wrong.
What was my incorrect remark?
This.
It's weird, after losing billions, companies don't pay taxes. Durr.
It's true, when companies lose money, they don't pay taxes.
So what was my incorrect remark?
F&F chased the bubble. Nobody disputes that. They got left holding the bag, like lots of people and institutions.
However, they got in the game very late. They had no part in causing the bubble.
Oh, for a second there I thought you were trying to blame Barney Frank, who was in the minority and had no power to make law.Republicans were in control of those committees, and Congress, from 1994-2007.Bullshit. Link?
His most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators.
At first, this quota was 30%; that is, of all the loans they bought, 30% had to be made to people at or below the median income in their communities. HUD, however, was given authority to administer these quotas, and between 1992 and 2007, the quotas were raised from 30% to 50% under Clinton in 2000 and to 55% under Bush in 2007. Despite Frank's effort to make this seem like a partisan issue, it isn't. The Bush administration was just as guilty of this error as the Clinton administration.
Hey, Barney Frank: The Government Did Cause the Housing Crisis
LOL!
LOL!
Republicans were in control of those committees, and Congress, from 1994-2007.
And I said.....
Government mandated that Fannie and Freddie purchase a huge percentage of mortgages from subprime borrowers. Many others followed their lead.
LOL!
But your link is bullshit, anyway.
You say Barney blames it all on the banks and says they need to be regulated more tightly. This is a straw man. He explicitly said that commercial banks which already operate on a highly regulated sector weren't the problem. He did say that the problem was with unregulated non bank entities, such as Countrywide, and securitizers.
”Of the X subprime loans held by the government,Y (high number) percent were held by freddie and fannie.” I don't know, maybe this is because it's their function to buy loans? This is like saying that 90 percent of illegally disposed of toxic waste resides in city dumps. No shit! It doesn't mean that the dumps are the bad actors as just a likely spot for toxic waste to end up because they are in the business of waste disposal. In fact, I'd be surprised and alarmed if other areas of the government were holding a higher percentage of the govt's subprime portfolio.
You do not have a fucking clue about what caused the bubble burst in 2008 and how the very thieves that were involved (and bailed out) got hard assets from alleged money they created from nothing. Your little head would explode because you don't understand Promissory Notes, fractional reserve banking or how it all ties into the Chapter 11 Bankruptcy of 1933. There is nothing more amusing than watching some stupid little fuck like you cut and paste shit from somewhere while acting like you "get it"....fucking hilarious. Seriously, you are one lame ass and overall stupid piece of shit. I get embarrassed for you some times..... (SMH)
