Beautiful!
Rolling Stone showed Trump isn’t Gordon Gekko.
Even if he was, what’s wrong with greed if you earn it fairly?
Trump is rich but he didn’t earn his money by selling speculative products to unqualified buyers.
WHITEWATER!!
This pattern will be repeated and make Trump stronger each time. Hillary will punch, and Trump will pull a Jujitsu move and Hillary will fall on her rather ample backside. Rinse, repeat.
Hillary Clinton is a criminal. she is a pathetic criminal .You will see that crap head obama give her CLEMENCY is the next 4 weeks. then she will fake health issues and “I love my Grand baby crap” and she will withdraw!! Then al gore or biden will pop out of a “closed “ convention. Then Donald wil whip themn like a deaf mule in all 50 staTES!! mAY god BLess THIS COUNTRY!!
Wow! From Rolling Stone no less. The She Beast is being unmasked by her toadies.
And it is only May. Can’t wait for October so they can attack Biden.
From what I’ve seen reported, Warren profited from it too.
The article started off promising, but then this: “The basic trick involved big banks buying up the risky home loans of subprime borrowers — the loans of people who often lacked verified incomes and had poor credit histories — and repackaging them as highly rated mortgage securities.”
Now just WHY did banks make loans to “subprime borrowers” who couldn’t pay the loan back? Bueller??? Hmmm???
The tough thing is for the hard-wired Dems to connect the dots. They vote on emotion. To absorb the story of Fan and Fed lowering lending standards (the quality and serviceablilty of loans they, Fan and Fed were willing to buy as part of their normal repackaging-bundling function) to nothing...leading to great numbers of stupid loans being made...and then resold under the guise of Fan and Fed being “government” securities (when on the first page, at the top of each and every Fan/Fred bundle offering is the distinct disclaimer that these are NOT go’vt securities)......is a multisynaptical process that liberals simply cannot absorb nor execute.
They can absorb: “big oil > rip me off”
“big insurance cos > can’t afford HC ins”
“Republicans hate women/blacks/minorities > can’t get a job”
There are enough synapses to link a non-reality to one reality. There are not enough synapses to connect a reality to a reality.
Thus there are absolutely not enough synapses in the liberal mind to connect a reality to a reality to a reality. It’s not possible.
The ad ignores simple supply and demand. Whenever there is a falling market (whether it is real estate, the stock market, or any other market) it is the buyers that are willing to take a risk that finally stops the free fall. There is an investor saying, “Don’t try to catch a falling sword.” But without risk takers willing to step in when prices are still falling, market swings would greater than they are now.
Rush L made the point today that Pocahauntus made her fortune by flipping houses — foreclosures.
In business, it has always been: buy low; sell high.
In politics, it seems to be: whoever pays the most under the table.
This got mentioned on the news here in Australia. My initial reaction was “So what. He told the truth” but just like there we have people here who swallow this crap hook, line and sinker. I’m afraid the journo gives the public way too much credit for being able to follow a train of thought through to it’s ultimate conclusion - it’s why our countries are in the mess they are in.
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Trump is a lunatic, but he's gaining strength because his supporters believe his story about being so rich that he's free to tell it like it is.
Taibbi shows his true colours here, which is what other anti-Trumpists feel. They will not admit to all the good qualities Trump has and probably refuse to believe.
Yeah - he was ‘rooting” for it. His statement was that if the dot-com bubble burst (which it did) there would be lots of ways for folks to make money from it (and there were). He never rooted for it.
And...do not forget barry 0bama was one of the Lawyers who sued Banks for “redlining” minority mortgage applications.
Actually, banks redlined mortgage applications from those with zero downpayments and no income.
Thus, the banks extended mortgages to folks who were destined to default!!
Thus, the banks protected themselves. The bad paper was bundled into a security, backed by the US Government, and sold to investors.