economic growth picked up 2.5% last quarter

[jon_berzerk]

Economic growth picked up to 2.5 percent last quarter - Washington Times


sequestration is killing that momentum

consumer spending always goes up at tax refund time

 

[jon_berzerk]

Sequester was put forward by the President's team.

Jay Carney: Yes the Sequester Idea Was Put Forward by the President's Team - YouTube

yeah it was a lot of big talk back then

 

[Truthmatters]

Why the Government Is Suing Standard & Poor's - Rick Newman (usnews.com)


The problem developed when mortgage lenders began granting loans to unqualified borrowers who should not have gotten them. When home values started to fall, the home equity many of those borrowers had been counting on evaporated, and default rates skyrocketed.

The system failed because nobody accounted for the high proportion of risky loans that ended up rolled into mortgage-related securities, a huge asset class that amounted to at least $3 trillion worth of investments by 2007. Brokers earned fees for each loan they originated, which gave them an incentive to ignore underwriting standards and write as many loans as possible, and even commit fraud.

Banks that made the loans became accustomed to selling them off as investments, reducing their own interest in validating the quality of the loan, since they'd no longer be holding it if something went wrong.

 

[AmazonTania]

do your own fucking homework

It was your homework, which I have assigned to you since you're the one who has no problem looking up things on google.

If you would have done the research, you would have learned that Thomas C. Conradt is a former stock broker and is currently being convicted for his role in insider trading.

FBI ? Former Stock Broker Pleads Guilty in Manhattan Federal Court to Insider Trading Charges

So, Reg FD is regulation placed only on issuers and not stock brokers, huh?

 

[Truthmatters]

yes and LIKE I said the rule you gave me was about insider trading and not mislabled mortgage securities.

It was a rule on issuers

 

[Truthmatters]

SEC Votes for Final Rules Defining How Banks Can Be Securities BrokersEight 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.



remember

 

[Truthmatters]

Issuer Definition | Investopedia

 

[Truthmatters]

What is Broker? definition and meaning

 

[AmazonTania]

yes and LIKE I said the rule you gave me was about insider trading and not mislabled mortgage securities.

And? You said brokers had no rules for 8 years. All it took was one example to show your apparent lack of knowledge. Not that it was that hard...

It was a rule on issuers

Reg FD is a regulation imposed on everyone. An individual cannot sell or buy a security with non-public information about a company or security. If said person does, it is considered insider trading.

I guess all Thomas C. Conradt has to do is claim that Reg FD is a rule placed on issuers, and he is home free. Anyone ever tell you that you'd make a great legal consult?

 

[Toddsterpatriot]

Why the Government Is Suing Standard & Poor's - Rick Newman (usnews.com)


The problem developed when mortgage lenders began granting loans to unqualified borrowers who should not have gotten them. When home values started to fall, the home equity many of those borrowers had been counting on evaporated, and default rates skyrocketed.

The system failed because nobody accounted for the high proportion of risky loans that ended up rolled into mortgage-related securities, a huge asset class that amounted to at least $3 trillion worth of investments by 2007. Brokers earned fees for each loan they originated, which gave them an incentive to ignore underwriting standards and write as many loans as possible, and even commit fraud.

Banks that made the loans became accustomed to selling them off as investments, reducing their own interest in validating the quality of the loan, since they'd no longer be holding it if something went wrong.

The problem developed when mortgage lenders began granting loans to unqualified borrowers who should not have gotten them.

Those darn community blackmailers......I mean organizers.

 

[AmazonTania]

What is Broker? definition and meaning

Issuer Definition | Investopedia

Thomas C. Conradt is a broker, not an issuer, being charged with insider trading.

If you are correct, this shouldn't happen. And yet, it is. Explain this rationale to me.

 

[Truthmatters]

prove you are correct by supplying facts

 

[Truthmatters]

facts and truth matter

 

[AmazonTania]

prove you are correct by supplying facts

I already did. The post links to an FBI report you conveniently ignored...

http://www.usmessageboard.com/7166833-post149.html

picking only what you want to see?

Kettle, meet pot. And vice versa.

 

[Truthmatters]

Why the Government Is Suing Standard & Poor's - Rick Newman (usnews.com)


The problem developed when mortgage lenders began granting loans to unqualified borrowers who should not have gotten them. When home values started to fall, the home equity many of those borrowers had been counting on evaporated, and default rates skyrocketed.

The system failed because nobody accounted for the high proportion of risky loans that ended up rolled into mortgage-related securities, a huge asset class that amounted to at least $3 trillion worth of investments by 2007. Brokers earned fees for each loan they originated, which gave them an incentive to ignore underwriting standards and write as many loans as possible, and even commit fraud.

Banks that made the loans became accustomed to selling them off as investments, reducing their own interest in validating the quality of the loan, since they'd no longer be holding it if something went wrong.

The problem developed when mortgage lenders began granting loans to unqualified borrowers who should not have gotten them.

Those darn community blackmailers......I mean organizers.

picking only what you want to see?

 

[Toddsterpatriot]

Those darn community blackmailers......I mean organizers.

 

[Truthmatters]

SEC Votes for Final Rules Defining How Banks Can Be Securities BrokersEight 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.



remember

broker rules dude not insider trading remember?

 

[Toddsterpatriot]

SEC Votes for Final Rules Defining How Banks Can Be Securities BrokersEight 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.



remember

broker rules dude not insider trading remember?

It's against the law for brokers to commit insider trading. Remember?

 

[AmazonTania]

broker rules dude not insider trading remember?

Brokers have rules regarding insider trading, or maybe this FBI report didn't spell it out for you. Maybe you don't know, but my job entails doing a lot of research. If a client doesn't want to do the research his/herself, they simply pay me to do it. This means I am obligated (by law) to provide any and all information a company or a particular commodity, security, or equity. Not only do I have to make sure that my client has all the information for the investment decision, I have to make sure he/she understands the risk, as well as make sure the investment is suitable for the client in question. This previous the market being manipulated to easily by speculators who are constantly shorting the market.

Now I'm not going to get into shorting the market, because this is way above your head. But this is just one regulation (out of many) that brokers had to comply with. And according to do, not a single broker had to comply with this piece of regulation for 8 years.

At some point, you have to concede and admit that the nonsense you spout makes zero sense.

 

[freedombecki]

dear ass licking idiot,



review the thread and count the number of times I posted facts with links to their existance and then count the facts you have offered here.

now go munch some more anus

I don't have to review the thread, go to the first post see who the OP is found out it was you jump to the end and call bull shit
THE END.

run along you master ass need licking

Oooo, TM has ben going to porn sites for learning how to speak in Freudian Stage I ad hominem attacks. Naughty, naughty, Ms. Matters. Did you tell them you were 18 or something?