ACORN Seeks To Turn Back Local Foreclosures

[garyd]

No I'm showing you the truth. You are just to blinded by Obama love and Bushophobia to note it.

 

[Truthmatters]

The republicans fought to kill glass steagal for decades,m they succeded with Clintons help and then sat and watched while the deregulation fucked this coutnry but good.

It was deregulation and handing the corps the keys to the city while looking the other way that got us here.

Its just that simple and its a little bit of history repeting.

 

[Truthmatters]

No I'm showing you the truth. You are just to blinded by Obama love and Bushophobia to note it.

So you are the ONE perveyor of the truth huh?

 

[Truthmatters]

Glass-Steagall Act - Wikipedia, the free encyclopedia


Financial events following the repeal
The repeal enabled commercial lenders such as Citigroup, which was in 1999 then the largest U.S. bank by assets, to underwrite and trade instruments such as mortgage-backed securities and collateralized debt obligations and establish so-called structured investment vehicles, or SIVs, that bought those securities. [14] It is therefore seen by some that the repeal of this act contributed to the Global financial crisis of 2008–2009[15]. However, such SIVs existed before the repeal of Glass-Steagall[16]

The year before the repeal, sub-prime loans were just 5% of all mortgage lending. By the time the credit crisis peaked in 2008, they were approaching 30%.

 

[Truthmatters]

Gramm-Leach-Bliley Act - Wikipedia, the free encyclopedia


The Gramm-Leach-Bliley Act (GLBA) allowed commercial and investment banks to consolidate. For example, Citibank merged with Travelers Group, an insurance company, and in 1998 formed the conglomerate Citigroup, a corporation combining banking and insurance underwriting services under brands including Smith-Barney, Shearson, Primerica and Travelers Insurance Corporation. This combination, announced in 1993 and finalized in 1994, would have violated the Glass-Steagall Act and the Bank Holding Company Act by combining insurance and securities companies, if not for a temporary waiver process [1]. The law was passed to legalize these mergers on a permanent basis. Historically, the combined industry has been known as the financial services industry.

 

[Annie]

Keep missing the point it makes you look like a partisan ass.

See now you did it, spam-a-lot strikes again.

 

[Truthmatters]

Phil Gramm and company fought for years to legalize these actions. Once he did he Left congress to work at UBS bank and sat on its board while it whirled its way to disastor.

 

[Truthmatters]

Keep missing the point it makes you look like a partisan ass.

See now you did it, spam-a-lot strikes again.

They are called facts Annie and you would not be so wrong all the time if you didnt constantly ignore them.

 

[Annie]

Keep missing the point it makes you look like a partisan ass.

See now you did it, spam-a-lot strikes again.

They are called facts Annie and you would not be so wrong all the time if you didnt constantly ignore them.

If you're lucky after 100 of your 'fact links', one of your partisan peers goes, "Great source", out of 300, might even find a conservative that agrees with you. Which of course sends you in search of more links to undo your damage. But you don't even bother to read what you link to, from all appearances. Maybe it's the comprehension part?

 

[Truthmatters]

You never read anything.

you are merely an insult machine who used to defend Bush at every turn.

 

[Truthmatters]

How is it that Glass steagal kept this mess from reoccuring after its implimentation?

How it it that jus ta couple of years after its full repeal we have this mess in housing again?

How is it that you deny Phil Gramm worked to get this done for decades?

How is it you deny he then went to UBS to get his reward for its passage?

How is it you deny we now have a collosal mess on our hands and whine at any attempt to fix the mess?

 

[WillowTree]

Sorry it's a lot more complicated than that. It has to do with incremental changes over the last forty years each one by itself seeming like nothing in particular but aggregating together an avalanche. No one did this on purpose much as some of us would like to believe other wise.

all you have to do is listen to the congressional Democrats speak in committee when the republicans asked them and warned them of the impending burst,, every single utterence from their mouths proves you wrong.. I posted two of them in a thread titled "history lessons"

 

[garyd]

Have you actually read Glass steagle or are you just repeating what your leftist dipstick cronies are repeating to you.

 

[Terry]

Photo by: Georgia Samios
" Are you ready to go in your house?' Yes I am.' Are you ready?' Yes, I am Yes, I am.' I'm claiming this house.' [noise of lock breaking] Everyone come on in. This is your house again. This is your house.' This is my house.'
Donna Hanks' story is all about what went wrong in the housing boom - and a roadmap of how we got to where we are today. In 2001, Hanks sold her longtime house on Clinton Street and bought this row house flanking Patterson Park, for 87-thousand dollars -- cash. By March 2008, she had lost the house to foreclosure. Last fall, Hanks was evicted. Since then, the 56-year-old has lived in four different rentals.
Yesterday, ACORN, the Association of Community Organizations for Reform Now, cut the lock on the South Ellwood Street property. Hanks stepped into the house for the first time since September 29th. ACORN officials say she'll live there after the house is made livable. It's ACORN's way to press for an immediate moratorium on foreclosures until the President's plan can get going, says community organizer Joseph Cox.





http://www.usmessageboard.com/newthread.php?do=newthread&f=20

They admited to breaking and entering, but yet no arrest?

 

[garyd]

Willow they aggreevated the situation they didn't cause it they aren't that smart.

 

[DiveCon]

Keep missing the point it makes you look like a partisan ass.

See now you did it, spam-a-lot strikes again.

They are called facts Annie and you would not be so wrong all the time if you didnt constantly ignore them.

yeah, you do post facts, but then the conclusions you draw from them don't fit the facts you post

 

[SpidermanTuba]

ACORN was a founder of the so-called squatters rights movement..

Really? I thought the British colonialists started that one.

 

[garyd]

You want to try catching up to this century idiot? Or at least last.

 

[SpidermanTuba]

You want to try catching up to this century idiot? Or at least last.

So factual truth isn't relevant if it happened a long time ago?

 

[DiveCon]

You want to try catching up to this century idiot? Or at least last.

So factual truth isn't relevant if it happened a long time ago?

some facts, while still being facts, are not relevant to a discussion