BHO and the 09-2010 congress failed the Democratic party worse than any-one

[JRK]

It took 12 years for the liberals to get the congress back (except the 01-02 senate when J Jeffers jumped ship)

8 years of solid lies about GWB in conjunction with the Credit bubble bursting (which was no fault of GWB) to create the perfect storm

In 4 years the house was lost
In Nov the white house will be lost

If I was left wing liberal I would not be mad at Rush or any conservative for that matter

YOUR LEADERSHIP FAILED

 

[Lakhota]

Obama isn't perfect, but the alternative is unacceptable.

 

[JRK]

Obama isn't perfect, but the alternative is unacceptable.

The Democratic party has fallen on hard times
The loss of over 60 seats in 2010 was the loss of power that took 12 years to to regain.

Whats wrong with Romney?

 

[Truthmatters]

The Bush admin held back the protections written into the Gram leach biliely act.


They prevented for YEARS implimenting the very protections which would have made this mess impossible to create.

 

[Truthmatters]

SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented
FOR IMMEDIATE RELEASE
2007-190
Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.



These were the VERY people who SOLD the bad securities

 

[Truthmatters]

You see just lying about what happened is not going to be allowed to just slide anymore

 

[Truthmatters]

Facts never seem to work in the rights favor do they

 

[JRK]

what are you talking about?
Gramm Leech was repealed took place in the late 90s

What does of any of that have to do with the events of 209 thru 2010?
The credit bubble was no-ones fault but those who borrowed more than they could afford
and
Those who lent out more than they could get back

No one else s

It is against the law to lie on a credit app
It is against the law to loan money based on a lie on a credit app
That is called bank fraud

What does any of this have to do with +5 million jobs fewer than 08 and deficits in excess of 1 trillion dollars each year?

 

[Truthmatters]

what are you talking about?
Gramm Leech was repealed took place in the late 90s

What does of any of that have to do with the events of 209 thru 2010?
The credit bubble was no-ones fault but those who borrowed more than they could afford
and
Those who lent out more than they could get back

No one else s

It is against the law to lie on a credit app
It is against the law to loan money based on a lie on a credit app
That is called bank fraud

What does any of this have to do with +5 million jobs fewer than 08 and deficits in excess of 1 trillion dollars each year?

WOW!


You have NO idea what you are talikng about do you?



Gramm Leach was signed by Clinton in 1999.

Glass Steagal was repealed bit by bit and Gram leach was the final blow to it.



Then the reasons Bill Clinton was willing to sign it ( the protections of the consumer written into the bill) were hled back for nearly Bush's entire term by his SEC.


You are very badly informed

 

[Truthmatters]

SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented
FOR IMMEDIATE RELEASE
2007-190
Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.



These were the VERY people who SOLD the bad securities

This is an SEC release.


Its undeniable FACT!

 

[Truthmatters]

Bush and team held back the rules on WHO could be a sercurities broker.

That meant in the years Bush was president Banks could hire and train people and call them securites brokers and they could have them SELL what ever the banks wanted.


This is the SAME TIME the banks mixed shitty loans within the good loans and made rat bag securities that would blow up in people faces in the years to come causing the ENTIRE world economy to crash.

Man you should not be talking about things you dont have a clue what they are.

 

[Truthmatters]

The right wing wants a society built on lies so they can do this shit agaoin to the world

 

[bripat9643]

Obama isn't perfect, but the alternative is unacceptable.

Perhaps it isn't "acceptable" to all the useless tics on the ass of society like you.

 

[Truthmatters]

note the OP ran the fuck away in the face of facts and no con ( other than brain dead boy above) will answer

 

[bripat9643]

The Bush admin held back the protections written into the Gram leach biliely act.


They prevented for YEARS implimenting the very protections which would have made this mess impossible to create.

Horseshit. This wasn't caused by a lack of regulations on securities. It was caused by the federal government forcing banks to grant mortgages to people who couldn't pay them.

 

[JRK]

what are you talking about?
Gramm Leech was repealed took place in the late 90s

What does of any of that have to do with the events of 209 thru 2010?
The credit bubble was no-ones fault but those who borrowed more than they could afford
and
Those who lent out more than they could get back

No one else s

It is against the law to lie on a credit app
It is against the law to loan money based on a lie on a credit app
That is called bank fraud

What does any of this have to do with +5 million jobs fewer than 08 and deficits in excess of 1 trillion dollars each year?

WOW!


You have NO idea what you are talikng about do you?



Gramm Leach was signed by Clinton in 1999.

Glass Steagal was repealed bit by bit and Gram leach was the final blow to it.



Then the reasons Bill Clinton was willing to sign it ( the protections of the consumer written into the bill) were hled back for nearly Bush's entire term by his SEC.


You are very badly informed

The difference with you and I is I do my DD TM
On November 4, the final bill resolving the differences was passed by the Senate 90-8,[14][note 4] and by the House 362-57.[15][note 5] The legislation was signed into law by President Bill Clinton on November 12, 1999.[16]
This was a bi partisan event
Gramm

 

[bripat9643]

what are you talking about?
Gramm Leech was repealed took place in the late 90s

What does of any of that have to do with the events of 209 thru 2010?
The credit bubble was no-ones fault but those who borrowed more than they could afford
and
Those who lent out more than they could get back

No one else s

It is against the law to lie on a credit app
It is against the law to loan money based on a lie on a credit app
That is called bank fraud

What does any of this have to do with +5 million jobs fewer than 08 and deficits in excess of 1 trillion dollars each year?

The turds need someone to blame other than the Democrat criminals who forced banks to grant mortgages to people who couldn't pay them. they need a story, an excuse. They found one, and now they repeat it ad naseum hoping the public is fooled. Unfortunately, there are many dupes and suckers in the country who are.

 

[Truthmatters]

facts are just not helping the right wing so they just pretend they done exsist

 

[Truthmatters]

what are you talking about?
Gramm Leech was repealed took place in the late 90s

What does of any of that have to do with the events of 209 thru 2010?
The credit bubble was no-ones fault but those who borrowed more than they could afford
and
Those who lent out more than they could get back

No one else s

It is against the law to lie on a credit app
It is against the law to loan money based on a lie on a credit app
That is called bank fraud

What does any of this have to do with +5 million jobs fewer than 08 and deficits in excess of 1 trillion dollars each year?

WOW!


You have NO idea what you are talikng about do you?



Gramm Leach was signed by Clinton in 1999.

Glass Steagal was repealed bit by bit and Gram leach was the final blow to it.



Then the reasons Bill Clinton was willing to sign it ( the protections of the consumer written into the bill) were hled back for nearly Bush's entire term by his SEC.


You are very badly informed

The difference with you and I is I do my DD TM
On November 4, the final bill resolving the differences was passed by the Senate 90-8,[14][note 4] and by the House 362-57.[15][note 5] The legislation was signed into law by President Bill Clinton on November 12, 1999.[16]
This was a bi partisan event
Gramm

So you dont have the class to admitt you were wrong and NOW you pretend you are bring facts I didnt ALREADY state?




YOU WERE DEAD WRONG ON THE FACTS!


do you have the class to admitt it?

 

[Truthmatters]

SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented
FOR IMMEDIATE RELEASE
2007-190
Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.



These were the VERY people who SOLD the bad securities

The bill signed into law was NOT implimented by Bush's SEC for YEARS!

they NEVER allowed the protections in the bill to be implimented UNTIL 2007 AFTER the half bill had already distroyed the economy