GOP looking to weaken financial regulation law

[CrusaderFrank]

Deregulated. LOL.

Fannies and Freddie's regulations caused the mess

 

[Ragnar]

That's odd. I remember the gop sounding the alarm to begin with. Not all regulation is good, but you know that right

I don't know. I have not heard of many constraints of government power that turned out terribly poorly. They could use a ton more regulation.

 

[Remodeling Maidiac]

Greenspan Concedes Error on Regulation - NYTimes.com

Many Republican lawmakers on the oversight committee tried to blame the mortgage meltdown on the unchecked growth of Fannie Mae and Freddie Mac, the giant government-sponsored mortgage-finance companies that were placed in a government conservatorship last month. Republicans have argued that Democratic lawmakers blocked measures to reform the companies.

But Mr. Greenspan, who was first appointed by President Ronald Reagan, placed far more blame on the Wall Street companies that bundled subprime mortgages into pools and sold them as mortgage-backed securities. Global demand for the securities was so high, he said, that Wall Street companies pressured lenders to lower their standards and produce more “paper.”

Yea thats the ticket. Completely ignore the video I posted which CLEARLY shows dems denying there is a problem bubbling up from below. And then quote a 200 year old man who seems to have been half senile for the last 100 years of his life. The evidence was presented to everyone by the Bush administration as the video proves. Just as it proves that democrats ignored the warnings out of sheer partisanship. Just like your doing now

 

[Quantum Windbag]

Any conservatives think this is wise after the worst recession in this great nation's history?
GOP uses budget, other tools to sap financial law - politics - Capitol Hill - msnbc.com

WASHINGTON — Congressional Republicans are greeting the one-year anniversary of President Barack Obama's financial overhaul law by trying to weaken it, nibble by nibble.

Well, at least we know who they work for

Do you think forcing poor people to borrow money from loan sharks and pricing them out of regular credit is a good idea?

 

[Quantum Windbag]

So is it a good idea to weaken The Wall Street Reform and Consumer Protection Act?

Yes.

 

[Quantum Windbag]

The greatest threat to this Nation is not terrorists, recession, or a possible default – it’s radical ideologues on the extreme right.

Thanks for tipping the scale on me posting about idiots who are afraid of reality.

 

[Sactowndog]

The greatest threat to this Nation is not terrorists, recession, or a possible default – it’s radical ideologues on the extreme right.

Just curious but if radical ideologues on the extreme left are socialists wouldn't radical ideologues on the extreme right be facists?

 

[Quantum Windbag]

We thought they learned their lesson when they deregulated Wall Street. What they learned is a new, even more unethical way to legally steal money.

When was Wall Street deregulated?

 

[rdean]

Deregulated. LOL.

Fannies and Freddie's regulations caused the mess

Oh, that's what did it.

How do you fit in "bankrupt insurance companies, derivatives, 70% of mortgage markets moved to Wall Street, and bundled securities sold overseas into "Freddie/Fannie"?

Hold on. Let me get some popcorn. This outta be "good".

 

[Dot Com]

Deregulated. LOL.

Fannies and Freddie's regulations caused the mess

perhaps you should consider reading the previous posts before you respond Like post #23 for instance
I think Greenspan, hired by Reagan and Fed Chief for 19 years has a tad more experience in economics than ANY CONSERVATIVE POSTER ON THIS BOARD. Facts are pesky things aren't they?
Greenspan Concedes Error on Regulation - NYTimes.com

“The evidence strongly suggests that without the excess demand from securitizers, subprime mortgage originations (undeniably the original source of the crisis) would have been far smaller and defaults accordingly far lower,” he said.

 

[Sactowndog]

The greatest threat to this Nation is not terrorists, recession, or a possible default – it’s radical ideologues on the extreme right.

uh huh, right now I'd take them over the lefty 'moderates' ( pardon me while I guffaw) who wrote this trash- dodd and frank. everyone look extreme when you're out there in deep left field so I see how you could come to that conclusion.

You know I have a friend who was forced into bankruptcy when her credit card company dramatically raised the rates on her existing balances. No new purchases. She couldn't even pay off the amount before the imposed the draconian rates.

If being opposed to that makes me a lefty then sign me up!

 

[Dot Com]

Deregulated. LOL.

Fannies and Freddie's regulations caused the mess

Oh, that's what did it.

How do you fit in "bankrupt insurance companies, derivatives, 70% of mortgage markets moved to Wall Street, and bundled securities sold overseas into "Freddie/Fannie"?

Hold on. Let me get some popcorn. This outta be "good".

Thats what Fox & the WSJ tells him. Odd that both of those outlets are owned by the same individual

 

[rdean]

We thought they learned their lesson when they deregulated Wall Street. What they learned is a new, even more unethical way to legally steal money.

When was Wall Street deregulated?

When Bush was president and Republicans held both houses. It was about the same time Republicans pushed trillions in tax cuts and a "drugs for votes" bill through congress using "reconciliation". Some of their other successes during that time, besides letting Bin Laden go and invading Iraq.

Hey, if Bush had caught Bin Laden, would America have let him invade Iraq? Do we now know why he "no longer thought about Bin Laden"?

Learn to "keep up".

 

[Dot Com]

We thought they learned their lesson when they deregulated Wall Street. What they learned is a new, even more unethical way to legally steal money.

When was Wall Street deregulated?

When Bush was president and Republicans held both houses. It was about the same time Republicans pushed trillions in tax cuts and a "drugs for votes" bill through congress using "reconciliation". Some of their other successes during that time, besides letting Bin Laden go and invading Iraq.

Hey, if Bush had caught Bin Laden, would America have let him invade Iraq? Do we now know why he "no longer thought about Bin Laden"?

Learn to "keep up".

 

[rdean]

When was Wall Street deregulated?

When Bush was president and Republicans held both houses. It was about the same time Republicans pushed trillions in tax cuts and a "drugs for votes" bill through congress using "reconciliation". Some of their other successes during that time, besides letting Bin Laden go and invading Iraq.

Hey, if Bush had caught Bin Laden, would America have let him invade Iraq? Do we now know why he "no longer thought about Bin Laden"?

Learn to "keep up".

Wonder what Bush thinks when he see cartoons like this? He has to know it's true.

 

[CrusaderFrank]

Deregulated. LOL.

Fannies and Freddie's regulations caused the mess

Oh, that's what did it.

How do you fit in "bankrupt insurance companies, derivatives, 70% of mortgage markets moved to Wall Street, and bundled securities sold overseas into "Freddie/Fannie"?

Hold on. Let me get some popcorn. This outta be "good".

F/F set the No Income No Asset standard that was de facto guaranteed by the Gubbamint, Dear.

 

[Dot Com]

When Bush was president and Republicans held both houses. It was about the same time Republicans pushed trillions in tax cuts and a "drugs for votes" bill through congress using "reconciliation". Some of their other successes during that time, besides letting Bin Laden go and invading Iraq.

Hey, if Bush had caught Bin Laden, would America have let him invade Iraq? Do we now know why he "no longer thought about Bin Laden"?

Learn to "keep up".

http://img257.imageshack.us/img257/4351/85477825.jpg[/IMG[/CENTER][/QUOTE]

Wonder what Bush thinks when he see cartoons like this? He has to know it's true.[/QUOTE]

It isn't really a "cartoon". It's political satire: [quote]Satire can be traced back throughout history; [B]wherever organized government has existed, so has satire.[/B]
[/quote]
[url=http://en.wikipedia.org/wiki/Political_satire]Political satire - Wikipedia, the free encyclopedia[/url]​

 

[CrusaderFrank]

100% of the mortgage market should be in banks and on Wall Street, the government should have 0%, not 90% like they currently do

 

[CrusaderFrank]

Deregulated. LOL.

Fannies and Freddie's regulations caused the mess

Oh, that's what did it.

How do you fit in "bankrupt insurance companies, derivatives, 70% of mortgage markets moved to Wall Street, and bundled securities sold overseas into "Freddie/Fannie"?

Hold on. Let me get some popcorn. This outta be "good".

Thats what Fox & the WSJ tells him. Odd that both of those outlets are owned by the same individual

Tell me, Dear, what do Fannie and Freddie do? Can you tell me in your own words, since you're so educated?

 

[The T]

100% of the mortgage market should be in banks and on Wall Street, the government should have 0%, not 90% like they currently do

Same can be said of the Healthcare system...Medicare, Medicaid...and Obamacare...