Dad2three
Gold Member
- Thread starter
- #101
I'm getting so tired of racist liberals posting hate on these boards. There are literally no differences in policy from Bush to Obama... Yet Obama has done wonders and Bush destroyed the world economy????
Not only are these liberals incredibly racist, hate filled but also just demonstrate ignorance to a level rarely seen.
Liberals today like to claim their "new ideas" are better yet they fail to see their "new ideas" are all old ideas that failed in the past. Tell us all your new bright ideas and we can point to periods in time over the last couple thousand years where these ideas were tried and failed. Go ahead!
So has Obama ignored regulator warnings on an EPIDEMIC of mortgage fraud that would rival the S&L (Ronnie's) crisis? (2004)
Did Obama change a Clinton era rule that stopped GSE's (Fann/Fredie) from using subprime loans to meet their affordable housing goals? (2004)
Did Obama force the GSE's to UP their goals from 50% to 56% (including allowing that subprime part) in affordable housing (2004)
Did Obama FORCE GSE's to purchase $440 billion of MBS's in the secondary market 2004-2007 (2004)
Did Obama fight ALL 50 state AG's who wanted to reign in the 'predatory' lenders, by invoking a civil war era rule? (2003)
Did Obama, AS the actual regulator of GSE's, allow F/F to chase the PRIVATE MARKETS to the bottom on those subprime loans (NOT to meet ANY goals at this point but BECAUSE they had lost so much market share) (late 2005)
Did Obama pass legislation in the GOP Congress to give away 120,000+ FREE down payments 2004-2007 (2004 ADDI)
Did Obama LITERALLY have regulator going to the wall street floor and use a chainsaw to cut regulations (2004)
Did Obama allow the 5 investment Banks, who fed the subprime bubble with easy credit, to lower their net capital rule which allowed the Banksters to go from 12-1 to 35-1+? (2004)
Q When did the Bush Mortgage Bubble start?
A The general timeframe is it started late 2004.
From Bushs Presidents Working Group on Financial Markets October 2008
The Presidents Working Groups 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.
FACTS on Dubya s great recession US Message Board - Political Discussion Forum