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

[Truthmatters]

Face those facts like an honest person or just call yourself a lying partisan hack

 

[Truthmatters]

they jsut cant stand up to the facts

 

[peach174]

If Democrats had not started policies, housing for the poor this would never have happened.
The poor can only afford rent and or mobile homes.
The poor can not afford to get new roofs put on their homes or other repairs needed, nor can they afford property taxes without public assistance and more government policies.
It's ideology like this that leads to more and more and more, and it is never is enough and eventually leads to what has happened to Greece.

 

[Full-Auto]

they jsut cant stand up to the facts

We already know you cant.

But we have seen you defend every despicable act while pointing fingers.

 

[Truthmatters]

Bush made it so the Banks would sell trash securities without buyers KNOWING they were not protected anymore.

 

[Truthmatters]

they jsut cant stand up to the facts

We already know you cant.

But we have seen you defend every despicable act while pointing fingers.

Why did the Bush SEC refuse to impliment the full bill Clinton signed?

 

[Truthmatters]

None of you cons will address these undeniable facts.

 

[Truthmatters]

If Democrats had not started policies, housing for the poor this would never have happened.
The poor can only afford rent and or mobile homes.
The poor can not afford to get new roofs put on their homes or other repairs needed, nor can they afford property taxes without public assistance and more government policies.
It's ideology like this that leads to more and more and more, and it is never is enough and eventually leads to what has happened to Greece.

Tell us everything you know about securities brokers?

 

[Full-Auto]

they jsut cant stand up to the facts

We already know you cant.

But we have seen you defend every despicable act while pointing fingers.

Why did the Bush SEC refuse to impliment the full bill Clinton signed?

I have asked you before dip shit not to clutter my inbox with your BS.

Do you fucking understand English low life?


Now prove implementation was purposely dragged out.

 

[Truthmatters]

You see ganging up like little lemmings and pretending facts dont exist is not going to win you any elelctions

 

[Full-Auto]

You see ganging up like little lemmings and pretending facts dont exist is not going to win you any elelctions

Post it clown...........

 

[Truthmatters]

We already know you cant.

But we have seen you defend every despicable act while pointing fingers.

Why did the Bush SEC refuse to impliment the full bill Clinton signed?

I have asked you before dip shit not to clutter my inbox with your BS.

Do you fucking understand English low life?


Now prove implementation was purposely dragged out.

The dates PROVE it was dragged out.


why is the result we got in our economy.

Big wealthy bankers made HUGE sums of money and wealth in this country was redistributed to the very top.

 

[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

Prove they didnt do this?

 

[Full-Auto]

Why did the Bush SEC refuse to impliment the full bill Clinton signed?

I have asked you before dip shit not to clutter my inbox with your BS.

Do you fucking understand English low life?


Now prove implementation was purposely dragged out.

The dates PROVE it was dragged out.


why is the result we got in our economy.

Big wealthy bankers made HUGE sums of money and wealth in this country was redistributed to the very top.

Still nothing ass lips/

Post it..... we already know you to be a liar so I really dont expect you to post it.

I do expect to keep fucking with you though............

 

[JRK]

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

Prove they didnt do this?

Do what?
What does any of this have to do with the credit bubble?
What in this event caused person A borrowing from person B monies with an asset that at the time was inflated?
What?
What in that event caused person A borrowing wealth from person B monies on an inflated asset they could never pay back?

 

[Truthmatters]

Do you REALLY not know how this crisis happened?


Do I have to start from the very begining?

 

[Truthmatters]

Feds sue banks over bad securities - FSU Voice - Fayetteville State University


In a bold move on Sept. 2, the Federal Housing Finance agency filed lawsuits against 17 banks for their alleged practice of fraudulently selling close to $200 billion in securities linked to subprime mortgages.

Several of the banks are major American financial institutions, who some economists say were nearly single-handedly responsible 2008's recession. Bank of America, Merrill Lynch & Co., JPMorgan Chase & Co., and Goldman Sachs & Co., were among the banks listed in the FHFA's legal filings report.

A subprime mortgage is "a type of loan granted to individuals [or couples] with poor credit histories (often below 600), who, as a result of their deficient credit ratings, would not be able to qualify for conventional mortgages," according to Investopedia.com. These mortgages often have higher interest rates than traditional loans of the same type. And most commonly, they're adjustable rate mortgages, in which many individuals with poor credit do not understand.

Investopedia continues, "Many lenders were more liberal in granting these loans from 2004 to 2006 as a result of lower interest rates and high capital liquidity. Lenders sought additional profits through these higher risk loans, and they charged interest rates above prime in order to compensate for the additional risk they assumed. Consequently, once the rate of subprime mortgage foreclosures skyrocketed, many lenders experienced extreme financial difficulties, and even bankruptcy."

The 17 banks are being accused of participating in this unethical lending practice.

 

[Truthmatters]

They then rolled these bad loans into securities and sold them off.

They wrote the bad loans and then dumped them on the securities market to make money.

 

[Truthmatters]

Feds Sue Financial Institutions Over Bad Mortgages - Securities Law - CourtSide



The Federal Housing Finance Agency has filed lawsuits against 17 financial institutions alleging violations of federal securities law and common law in the sale of mortgage-backed securities to Fannie Mae and Freddie Mac. The FHFA claims that the marketing and sales descriptions provided by the financial institutions misrepresented the nature and risk of the securities in question.

 

[francoHFW]

Dems had 60 votes for less than 6 months- Why they let this Pubcrappe go is beyond me...All fault of no compromise, "Un-American" (TIME) GOP...