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GeneralRe: Crap Pin
User 84208-Sep-16 8:30
User 84208-Sep-16 8:30 
GeneralRe: Crap Pin
W Balboos, GHB8-Sep-16 8:57
W Balboos, GHB8-Sep-16 8:57 
GeneralRe: Crap Pin
#realJSOP8-Sep-16 8:35
professional#realJSOP8-Sep-16 8:35 
GeneralRe: Crap Pin
W Balboos, GHB8-Sep-16 8:43
W Balboos, GHB8-Sep-16 8:43 
GeneralRe: Crap Pin
charlieg8-Sep-16 13:09
charlieg8-Sep-16 13:09 
GeneralRe: Crap Pin
W Balboos, GHB9-Sep-16 0:35
W Balboos, GHB9-Sep-16 0:35 
GeneralRe: Crap Pin
charlieg9-Sep-16 2:01
charlieg9-Sep-16 2:01 
GeneralRe: Crap Pin
W Balboos, GHB9-Sep-16 2:22
W Balboos, GHB9-Sep-16 2:22 
charlieg wrote:
e first Clinton who came up with the idea that if you gave loans to people who could not pay them back, i
WRONG!

It was to make loans easier - but predatory loans were still illegal. That, of course, assumes that someone in government was watching. During the Shrub's tenure, money was piling in to the big banks and so nothing was done. Then they packaged them, sold the bundled junk to get more money to do it again: a pyramid scheme allowed by the anti-government-regulation crowd. Note, too, that the loans were made by local mortgage brokers (not Wall Street, but Main Street, despite the sloganism). They talked people into loans they should make and couldn't maintain. That was never part of any law.
Quote:
Often, banks would offload this risk to insurance companies or other counterparties through credit default swaps, making their actual risk exposures extremely difficult for investors and creditors to discern.[35]
from Wikipedia lookup of Fannie May - scroll down to "Mortgage Chrisis from Late 2007"
Quote:
It could have been prevented, except:

In the Wiki paragraph above that cited above, you'll notice how Bush opposed legislation that was designed to fix a problem:
Quote:
"The regulatory regime envisioned by H.R. 1461 is considerably weaker than that which governs other large, complex financial institutions."
a problem, in his anti-regulatory mindset, should not be fixed.

We paid the price. Wall Street and Main Street brokers kept the money.

As for my gripe with the religious right? I don't follow their faith and I'd consider using some second amendment rights to protect my first amendment rights. Remember the hell they created with prohibition of alcohol? They're just an American version of the Taliban.


Ravings en masse^
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010

GeneralRe: Crap Pin
#realJSOP8-Sep-16 8:34
professional#realJSOP8-Sep-16 8:34 
GeneralRe: Crap Pin
User 84208-Sep-16 8:42
User 84208-Sep-16 8:42 
GeneralRe: Crap Pin
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GeneralRe: Crap Pin
Wastedtalent8-Sep-16 4:02
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Mark_Wallace8-Sep-16 4:50
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Dan Neely8-Sep-16 10:00
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#realJSOP8-Sep-16 3:34
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sitebuilderNish Nishant8-Sep-16 4:20 
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Chris Maunder8-Sep-16 4:30
cofounderChris Maunder8-Sep-16 4:30 
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#realJSOP8-Sep-16 5:13
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GeneralRe: Crap Pin
dandy729-Sep-16 7:32
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GeneralRe: Crap Pin
Chris Maunder8-Sep-16 4:31
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GeneralRe: Crap PinPopular
Cornelius Henning8-Sep-16 4:33
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PraiseRe: Crap Pin
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User 84208-Sep-16 4:51
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