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Look, you can't even put together a lucid sentence, only confirming you are an idiot. All that piss you drank has made you more stupid.Sorry, dufus, but the GSE's market share shrank as the bubble grew. By 2005, they were only 30 percent of the loan origination market.
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dear, the affordable housing goal under which they operated required 56% subprime and Alt A mortgages which they had at time of crash. This amounted to 76% of all such mortgages.
Think about it dear Fan/Fred were created to get people into houses the Republican free market said they could not afford and then when they indeed could not afford them you claim they had nothing to do with crash??
See why we say liberals are stupid??.
You seem to forget it was Bear Stearns that went under first. .
I'm tired of having to post long posts debunking.
Nope. You are a lost cause, and so you are not worth my time.I'm tired of having to post long posts debunking.
Translation: I lost that debate so I'll quit!!!
Nope. You are a lost cause, and so you are not worth my time.I'm tired of having to post long posts debunking.
Translation: I lost that debate so I'll quit!!!
I will post some links so I don't have to repeat myself a second time just this week!
Remembering the Glass-Steagall Act Page 5 US Message Board - Political Discussion Forum
Start there. Read posts 45, 46, 47, 56, 60, 62,
yes dear the crash was global, and??????????????You'd think a light bulb would go on when you remind the tards the crash was global.
Did you think that was all a coincidence, kid?yes dear the crash was global, and??????????????You'd think a light bulb would go on when you remind the tards the crash was global.
yes dear the crash was global, and?????????????? You've been telling us that for months but always refusing to say why you're telling us.2008 United Kingdom bank rescue package - Wikipedia the free encyclopedia
2009 United Kingdom bank rescue package - Wikipedia the free encyclopedia
2008 09 Belgian financial crisis - Wikipedia the free encyclopedia
2008 11 Icelandic financial crisis - Wikipedia the free encyclopedia
2008 15 Spanish financial crisis - Wikipedia the free encyclopedia
Post-2008 Irish banking crisis - Wikipedia the free encyclopedia
THE FAILURE OF THE ROYAL BANK OF SCOTLAND STRATEGY AND RISK APPETITE Manigent
http://www.informationclearinghouse.info/article37475.htm
The Failure of Northern Rock - A Multidimensional Case Study
Did you think that was all a coincidence, kid?
I posted the links to save myself the trouble of repeating myself to yet another mole. I'm sorry it is too much information for you. The people who pour your piss absolutely rely on your desire to have everything fit on a bumper sticker.Nope. You are a lost cause, and so you are not worth my time.I'm tired of having to post long posts debunking.
Translation: I lost that debate so I'll quit!!!
I will post some links so I don't have to repeat myself a second time just this week!
Remembering the Glass-Steagall Act Page 5 US Message Board - Political Discussion Forum
Start there. Read posts 45, 46, 47, 56, 60, 62,
idiot liberal, we can all post a million links. What Barney uber liberal said is pretty self-explanatory- right?
So I guess the GSEs being forced to make loans is a bogus theory to explain the global crash, eh?Did you think that was all a coincidence, kid?
no dear(dumbto 3) I don't, and?????????????????????
I posted the links to save myself the trouble
So I guess the GSEs being forced to make loans is a bogus theory to explain the global crash, eh?
Look. You obviously want to remain ignorant. Okay. I get it. I'm done. I provided you with everything needed to completely destroy your idiotic theory. You don't want to read it, then you go ahead and remain willfully stupid.So I guess the GSEs being forced to make loans is a bogus theory to explain the global crash, eh?
dear, crash here was caused by Fan /Fred. In Europe it was caused in part by our mortgages, and part by their own loose credit standards.
Got it now??
I'm done with you.
Why not listen to Barney??
FRANK: It was irresponsible lending, primarily by the private sector and primarily by non-banks. You know, the banks have a right to complain. What happened was this: 30 years ago, if you took out a mortgage, you basically took it out from a bank, which had money that came from depositors, and there was deposit insurance, and it was regulated. And then new sources of liquidity came up in the world, where you could get money to be in the lending business from depositors, which meant you didn't necessarily have to be getting deposit insurance, or you weren't regulated. Secondly, information technology made possible securitization, which meant, one, that the loans were being originated by institutions that were not regulated, and two, that these institutions then packaged the loans, sold them, and had no financial responsibility that they weren't paid back. It's called securitization, and that's basically what happened. This effort to blame the government is nonsensical.
Some of them try to blame the Community Reinvestment Act. Every regulator under both Bushes has said it was not the case, and even three of the four members of the financial inquiry commission, who were appointed by the Republicans, said it wasn't the case. The only one who argues that is this real extremist called Peter Wallison, and it just flies in the teeth of all the evidence. The Community Reinvestment Act didn't do it.
You said Fannie Mae and Freddie Mac did have a role in pushing this along. How heavily do you think they contributed?
FRANK: It's hard to quantify. They were not the major factor. Let's put it this way: I think you would have had a crisis without them.
