Posted on 02/22/2011 3:34:24 PM PST by gopmike.com
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| What an embarrassment... |
Ya know, the lib-tards usually know when to draw their line in the sand and pick a fight.
Remember 1995 when they forced Newt to shut down the Govt??? They won there and made Republicans look bad and Bubba used that to waltz to his re-election.
Remember the Iraq war - They used the "Bush Lied" mantra all the way to drive W's approval ratings off the cliff even though W was doing what he felt was the honorable thing by protecting us.
And remember the economic collapse in 2008??? The academia of Lib-tardia pinned that on the Wall-Street Fat-Cats even though anyone with a half of brain knows that allowing low-income, unqualified people to buy homes was the cause of the meltdown and the dim-ocrats were fully to blame...
Yah, the lib-idiots know when to pick a fight. They usually know when to hold and when to fold. They usually are pretty good judges of when they can pull the wool over a majority of America's eyes and get advance their warped class war-fare agenda on us.
But in this case, in Wisconsin and now in Indiana...
(Excerpt) Read more at gopmike.com ...
Why not just post it here?
I think they need to be prodded.
I guess you're not in possession of that, or you're just shilling for the banks. The fraud in derivatives, market manipulation, and more fraud in the home mortgage market was rampant and is out there in the open for anyone that is paying any attention at all to see.
The financial melt down was caused by the GOVERNMENT forcing lenders to make loans to people who could not pay back those loans.
Without ACORN (where Obama worked as an attorney) and the Democrat Party, without Fannie and Freddie, which were both supported and protected and RUN by DEMOCRATS, the financial collapse would never have happened.
George W. Busy tried, ELEVEN TIMES, to get some type of authority over Fannie and Freddie, and the Democrats blocked every effort at reform.
Why? Is there bad stuff at the link? Animal cruelty? Graphic images?
Or are you just looking for blog hits?
Just because the government created the environment in which fraud took place doesn’t make the fraudsters blameless in the matter.
“Just because the government created the environment in which fraud took place doesn’t make the fraudsters blameless in the matter.”
Fair enough. But the government blew a bubble in real estate for about ten years. Part of it was CRA. Part was Fannie and Freddie guaranteeing about anything that moved. Part was Fannie and Freddie milking tons of money off the taxpayers by borrowing billions from the treasury at below market rates (yes they got below market rates) and loaning it back out at higher rates by purchasing loans made by banks. Part of it was HUD breaking banks arms unless they made bad loans in minority areas. The government participation in and encouragement of the bubble was promiscuous. And Congress did everything they could to prevent the party from ending. Then the same congress critters pointed the finger at the banks when their bubble blew up.
Some banks and financiers undoubtedly committed fraud. But that was not the cause of the bubble. Most of the bank and Goldman participation in bubbly behavior was entirely legal under the “party-time” rules set and eagerly promoted by our elected officials.
Then there's MERS, robo-signing, derivatives, CDS written where the writer didn't have the capital to pay. Orchestrated flash crashes, high frequency trading to manipulate prices....
None of which has anything to do with CRA or Fannie and Freddie.
I had a mortgage originator try to loan me 5 times my annual income on a home loan. CRA had nothing to do with that either.
No shi!t Sherlock. If you can’t be bothered with clicking the link, don’t. Seems much easier than typing up a piss and moan here.
The majority of those involved in any criminal activity were DEMOCRATS!
The investment banking and Wall Street firms that got into trouble? ALL OF THEM gave a majority of their political contributions to DEMOCRATS and almost all of them were run by DEMOCRATS!
You’re right. It’s not the sole cause of the bubble, but it takes two to tango. The way I see it, the banks went in with the government to screw us all. In my opinion, what’s been going on with the relationship between banks and Washington isn’t capitalism and isn’t acceptable.
The government makes the rules, so I blame the government more than I blame the banks, but I wouldn’t shed a tear to see both sides hanging from a yardarm.
The credit default swaps, betting against their own damn worthless ‘securities’ that they KNEW were going to blow up, but still put their clients’ money in anyway. The slipshod methods of ‘securitizing’ mortgages, moving the paper around so nobody even knows who owns what anymore. Then, when it comes time to pay the piper, they hold us hostage and get to steal close to a trillion dollars MORE money.
The idea that we need more laws to regulate this behavior is silly. It all falls under the banner of BLATANT FRAUD.
The government started this crap of conning John Q. Public into playing Russian Roulette with housing. The banks were more than willing to shine up the bullet and get a nice chunk of change for renting him the gun.
The result? Everyone gets screwed. Even people who read the tea leaves and did the right thing.
Any real solution should include throwing both the corrupt politicians and the scummy fraudsters in jail and throwing away the key.
Who cares? This finger-pointing nonsense is completely idiotic. The Republicans held congress for 12 years and the presidency for 8 years. They did TRY, but they didn’t TRY HARD ENOUGH! The ‘Bush tried so hard’ crap is apologist asshattery. Bush was running around as late as 06 praising our ‘new ownership society’ and how many blah blah skin colored people were owning houses, etc. He was more than happy to take credit for the ‘good stuff’ that came from pumping the mortgage market.
There are many things to like about George W. Bush, but there are also many things to detest about him. Trying to revise history isn’t going to change that.
However, it was impossible to interest the Media in the mess that was Fannie and Freddie and ACORN, as these institutions are strongholds of the DEMOCRAT PARTY!
The Republicans simply did not, ever, have the votes to overcome the strong Democrat defense of a very corrupt, mathematically impossible mortgage system.
YES, it does matter whose fault it was!
Those who do not learn from the past are doomed to repeat their mistakes.
The mortgage mess is the fault of the DEMOCRATS!
Life begins at conception.
Mortgages start at ORIGINATION!
Without the government, the “conception” that bad mortgage loans were a good thing, would never have happened.
What happened AFTER the loans were made is not very important. Nothing good could possibly happen.
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