Disaster Capitalism

[CrusaderFrank]

Fannie is now a 5,000 person Governmental entity that was stared by FDR to help government take control of the residential mortgage market. It was to buy mortgages from banks so the banks would have more capital to put into the economy.

Freddie is now a 5,000 person Governmental entity that was stared by Nixon to help government take control of the residential mortgage market. It was to buy mortgages from thrifts so the thrifts would have more capital to put into the economy.

Why do we need 2 5,000 person entities with nearly identical missions? Statism

Why do we need the Federal government setting mortgage standards in the first place? Fascism

Fannie, Freddie and FHA now control in excess of 90% of all new mortgage made in America.

 

[peach174]

It has been The Dems who have passed legislation for low income families to own homes.
They were the ones pushing for no money down and variable rate mortgages, along with not regulating Fanny and Freddie.
Low income people can not afford the maintenance and property taxes to keep a home.
But Dem's never even considered these facts. When Repubs brought it up Dems just dismissed a right wing talk tactics and said that they were against the poor.
That seems to be a problem for the left, FACTS.

The CRA act had limits in it to the amount of the loans they needed to write.

Those limits could have NEVER produced this mess.

Tell us why so many non CRA lenders wrote so many sub prime loans when the law didn't cover them?

Why do you ignore so many facts?

If Dems had not had the super majority in 1977, that bill would not have been passed.
You add 34 years of more legislation to help low income families obtain homes , plus variable rate mortgages , you get the problems that happened.

Policymakers did not recognize the increasingly important role played by financial institutions such as investment banks and hedge funds, also known as the shadow banking system. Some experts believe these institutions had become as important as commercial (depository) banks in providing credit to the U.S. economy, but they were not subject to the same regulations.
Of which President Bush brought up but Dems refused to regulate.

Both parties are to blame. It's you who won't acknowledge that Dems are to blame as much as Repubs.

 

[bripat9643]

So you believe that the banks bare no responsibility for their role in the whole thing? They knew exactly what they were doing. They're the ones that pushed to get rid of the regulations that protected people from taking out a loan that they couldn't afford to pay.

They are "responsible" in the same sense that a woman is responsible for getting raped. The banks are the victims in this giant con.

Banks did not push for the CRA. They did not push to lower lending standards. I recall when all the liberal turds where whining about the practice of "red lining." In other words, they were whining about the bank policy of requiring borrowers to be credit worthy.

 

[kiwiman127]

It has been The Dems who have passed legislation for low income families to own homes.
They were the ones pushing for no money down and variable rate mortgages, along with not regulating Fanny and Freddie.
Low income people can not afford the maintenance and property taxes to keep a home.
But Dem's never even considered these facts. When Repubs brought it up Dems just dismissed a right wing talk tactics and said that they were against the poor.
That seems to be a problem for the left, FACTS.

The CRA act had limits in it to the amount of the loans they needed to write.

Those limits could have NEVER produced this mess.

Tell us why so many non CRA lenders wrote so many sub prime loans when the law didn't cover them?

Why do you ignore so many facts?

If Dems had not had the super majority in 1977, that bill would not have been passed.
You add 34 years of more legislation to help low income families obtain homes , plus variable rate mortgages , you get the problems that happened.

Policymakers did not recognize the increasingly important role played by financial institutions such as investment banks and hedge funds, also known as the shadow banking system. Some experts believe these institutions had become as important as commercial (depository) banks in providing credit to the U.S. economy, but they were not subject to the same regulations.
Of which President Bush brought up but Dems refused to regulate.

Both parties are to blame. It's you who won't acknowledge that Dems are to blame as much as Repubs.

"Of which President Bush brought up but Dems refused to regulate."

The causes for the housing market date back to the 90's and involve both parties. But your remark about the Dems refusing to regulate,,,,for six of W's eight years he had a GOP controlled the House and for four of those years control of the Senate, so how can the Dems be solely blamed to not regulate? By the time the Dems got their feet wet the housing bubble was already starting to burst. In real terms economists were warning of the housing bubble as early as 2002 starting with Dean Baker from The Center for Economic and Policy Research. The fact that economists were issuing warnings as early as 2002 show how far back the causes for the collapse go.

 

[GoneBezerk]

Bills die in Committees in Congress and people like Barney Frank and Maxine Waters using the race card to blow up any risky home loan programs to minority groups many times works to stop the bill.

Most politicians don't like being called a racist, so they stop doing something when someone calls them this on TV cameras.

FYI...The Community Reinvestment Act was started under Jimmy bucktooth Carter, a liberal.

The CRA act had limits in it to the amount of the loans they needed to write.

Those limits could have NEVER produced this mess.

Tell us why so many non CRA lenders wrote so many sub prime loans when the law didn't cover them?

Why do you ignore so many facts?

If Dems had not had the super majority in 1977, that bill would not have been passed.
You add 34 years of more legislation to help low income families obtain homes , plus variable rate mortgages , you get the problems that happened.

Policymakers did not recognize the increasingly important role played by financial institutions such as investment banks and hedge funds, also known as the shadow banking system. Some experts believe these institutions had become as important as commercial (depository) banks in providing credit to the U.S. economy, but they were not subject to the same regulations.
Of which President Bush brought up but Dems refused to regulate.

Both parties are to blame. It's you who won't acknowledge that Dems are to blame as much as Repubs.

"Of which President Bush brought up but Dems refused to regulate."

The causes for the housing market date back to the 90's and involve both parties. But your remark about the Dems refusing to regulate,,,,for six of W's eight years he had a GOP controlled the House and for four of those years control of the Senate, so how can the Dems be solely blamed to not regulate? By the time the Dems got their feet wet the housing bubble was already starting to burst. In real terms economists were warning of the housing bubble as early as 2002 starting with Dean Baker from The Center for Economic and Policy Research. The fact that economists were issuing warnings as early as 2002 show how far back the causes for the collapse go.

 

[CrusaderFrank]

F/F said they would accept the No Income No Asset as Conforming loans, Dears.

 

[kiwiman127]

So you believe that the banks bare no responsibility for their role in the whole thing? They knew exactly what they were doing. They're the ones that pushed to get rid of the regulations that protected people from taking out a loan that they couldn't afford to pay.

They are "responsible" in the same sense that a woman is responsible for getting raped. The banks are the victims in this giant con.

Banks did not push for the CRA. They did not push to lower lending standards. I recall when all the liberal turds where whining about the practice of "red lining." In other words, they were whining about the bank policy of requiring borrowers to be credit worthy.

Ha! What a greqt post!
Please explain increase of predatory lending laws at the federal and state levels. Or the many lawsuits the banks have settled (or are pending by all 50 state attorney generals) regarding fraud tied into housing lending and the aftermath.
The banks were victims!!!!!! Unbelievable?

 

[GoneBezerk]

Uh, when liberals pass laws or regulate you to death to make you give out bad loans to "their supporters" you do it or go out of business.

Liberals forced many banks into this situation, but then ran away from the burning house blaming the banks and Republicans in front of the liberal media....then liberals sitting on their fatass couches sucked it all in as truth.

So you believe that the banks bare no responsibility for their role in the whole thing? They knew exactly what they were doing. They're the ones that pushed to get rid of the regulations that protected people from taking out a loan that they couldn't afford to pay.

They are "responsible" in the same sense that a woman is responsible for getting raped. The banks are the victims in this giant con.

Banks did not push for the CRA. They did not push to lower lending standards. I recall when all the liberal turds where whining about the practice of "red lining." In other words, they were whining about the bank policy of requiring borrowers to be credit worthy.

Ha! What a greqt post!
Please explain increase of predatory lending laws at the federal and state levels. Or the many lawsuits the banks have settled (or are pending by all 50 state attorney generals) regarding fraud tied into housing lending and the aftermath.
The banks were victims!!!!!! Unbelievable?

 

[Bfgrn]

Uh, when liberals pass laws or regulate you to death to make you give out bad loans to "their supporters" you do it or go out of business.

Liberals forced many banks into this situation, but then ran away from the burning house blaming the banks and Republicans in front of the liberal media....then liberals sitting on their fatass couches sucked it all in as truth.

They are "responsible" in the same sense that a woman is responsible for getting raped. The banks are the victims in this giant con.

Banks did not push for the CRA. They did not push to lower lending standards. I recall when all the liberal turds where whining about the practice of "red lining." In other words, they were whining about the bank policy of requiring borrowers to be credit worthy.

Ha! What a greqt post!
Please explain increase of predatory lending laws at the federal and state levels. Or the many lawsuits the banks have settled (or are pending by all 50 state attorney generals) regarding fraud tied into housing lending and the aftermath.
The banks were victims!!!!!! Unbelievable?

Right wing 'victimhood' in full bloom...personal responsibility only applies to liberals, Democrats and poor people...

 

[GoneBezerk]

Dumbass, some bankers were guilty of criminal activity and many of them liberals at Fannie May and Freddie Mack...all that doesn't change the FACT that liberals created some social welfare system for the banking system to "try" to help out their "voting base" and it ended up blowing up the entire system.

You libs tend to fuck things up.

Uh, when liberals pass laws or regulate you to death to make you give out bad loans to "their supporters" you do it or go out of business.

Liberals forced many banks into this situation, but then ran away from the burning house blaming the banks and Republicans in front of the liberal media....then liberals sitting on their fatass couches sucked it all in as truth.

Ha! What a greqt post!
Please explain increase of predatory lending laws at the federal and state levels. Or the many lawsuits the banks have settled (or are pending by all 50 state attorney generals) regarding fraud tied into housing lending and the aftermath.
The banks were victims!!!!!! Unbelievable?

Right wing 'victimhood' in full bloom...personal responsibility only applies to liberals, Democrats and poor people...

 

[bripat9643]

The CRA act had limits in it to the amount of the loans they needed to write.

Those limits could have NEVER produced this mess.

Tell us why so many non CRA lenders wrote so many sub prime loans when the law didnt cover them?

Why do you ignore so many facts?

What the hell are you talking about? What limits?

Don't you ever tire of making stuff up and then getting called on it?

 

[bripat9643]

So cut some spending and raise taxes enough to pay the bills. How about we come up with a one time tax to pay off the entire $14 trillion all at once, since we're all responsible for it?

How about all the people riding in the wagon get out and pull for a change?

Time for the tics on the ass of society to take a pay cut. The taxpayers have already done their fair share of "sacrifice."

 

[C_Clayton_Jones]

Hell maybe the republicans will vote to ruin the country by not raising the debt limit.

Maybe they have been promised a piece of the pie after we all get fucked.

It has more to do with the fear of being crucified by the extremists who have taken over the party.

 

[boedicca]

Crony Capitalism...Obama is practicing it to our detriment every day.

READ

This is the correct motorcycle.

 

[thereisnospoon]

I doubt people on the right have ever even heard of the term.

I bet most on the left have.

You are really reaching here....

 

[thereisnospoon]

so cut some spending and raise taxes enough to pay the bills. How about we come up with a one time tax to pay off the entire $14 trillion all at once, since we're all responsible for it?

how about all the people riding in the wagon get out and pull for a change?

Time for the tics on the ass of society to take a pay cut. The taxpayers have already done their fair share of "sacrifice."

spot on!!!!!!

 

[Steelplate]

so cut some spending and raise taxes enough to pay the bills. How about we come up with a one time tax to pay off the entire $14 trillion all at once, since we're all responsible for it?

how about all the people riding in the wagon get out and pull for a change?

Time for the tics on the ass of society to take a pay cut. The taxpayers have already done their fair share of "sacrifice."

spot on!!!!!!

The only problem is... when you cut services like Medicare and Social Security... those "taxpayers that have already done enough" are exactly the ones you are hurting. The vast majority of them have paid in their share... I myself have been paying in for 32 years. Those are the people you are smacking around. The old, the infirm and the people who without those benefits would be homeless and hungry.

Just like welfare reform... you are so worried about a few hundred thousand people who have the con artist skills to milk the system.. but you don't give a shit about the 5-10 million people who are using it within the parameters in which it was designed.

In short... every time I see you guys post, I think the same thing. These are idiots trying to do brain surgery with a machete.

 

[thereisnospoon]

Hell maybe the republicans will vote to ruin the country by not raising the debt limit.

Maybe they have been promised a piece of the pie after we all get fucked.

Politicians don't need the ability to borrow more. They need to exercise fiscal restraint.
Cut cut cut....

 

[thereisnospoon]

So when the country fails to pay it debts you think what will happen?

Umm, raising the dent limit simply creates more debt. Based on that, please explain in your own words how accruing more debt helps pay debt?
most of you lefties care not for the country as a whole. Your primary interest is in seeing your sacred cow social entitlements continue to be funded.
Who cares if taxes skyrocket and the country goes deeper into debt? As long as the people you lefties feel sorry for are taken care of.....
Why is it your compassion for the less fortunate begins in other people's bank accounts?

 

[thereisnospoon]

I will give you a brief discription of disaster capitalism.

A disaser takes place.

While people are so distracted by dealing with their very survival the money people swoop in and buy or manuver to buy up assets at rock bottom prices.

They can either wait for a disaster to jsut happen or they can be more proactive and create or prod a disaster into exsistance.


You have been had and are kissing the people who had you.

So in the event of a disaster there should be a moratorium on investment?
Ok, I'll bite. Who controls the properties that are suddenly undervalued? Let me guess....The federal government, right?
The owners of the undervalued properties, what happens to them? The federal government removes their rights of ownership?
This is another lefty class envy troll thread.
BTW I heard your stupid little rug rat dog got beat up by a tabby cat.