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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
what i was told by i think Rabbi that Cons dont want less regulation and to have it basically at zero if not close as possible.
he lied to me.
Thats what Fox & the WSJ tells him. Odd that both of those outlets are owned by the same individualOh, 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".
Tell me, Dear, what do Fannie and Freddie do? Can you tell me in your own words, since you're so educated?
:The Financial Crisis Inquiry Commission reported in 2011 that Fannie & Freddie "contributed to the crisis, but were not a primary cause." GSE mortgage securities essentially maintained their value throughout the crisis and did not contribute to the significant financial firm losses that were central to the financial crisis. The GSEs participated in the expansion of subprime and other risky mortgages, but they followed rather than led Wall Street and other lenders into subprime lending.
So is it a good idea to weaken The Wall Street Reform and Consumer Protection Act?
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?
Here you go Mrs. 57
Subprime mortgage crisis - Wikipedia, the free encyclopedia
The Financial Crisis Inquiry Commission reported in 2011 that Fannie & Freddie "contributed to the crisis, but were not a primary cause." GSE mortgage securities essentially maintained their value throughout the crisis and did not contribute to the significant financial firm losses that were central to the financial crisis. The GSEs participated in the expansion of subprime and other risky mortgages, but they followed rather than led Wall Street and other lenders into subprime lending.
Perry for Pres? ANOTHER TEXAN? Surely you jest? You know he used to be a Democrat right?what i was told by i think Rabbi that Cons dont want less regulation and to have it basically at zero if not close as possible.
he lied to me.
Please quote that post, you lying piece of armadillo-shit.
Perry for Pres? ANOTHER TEXAN? Surely you jest? You know he used to be a Democrat right?what i was told by i think Rabbi that Cons dont want less regulation and to have it basically at zero if not close as possible.
he lied to me.
Please quote that post, you lying piece of armadillo-shit.
Agreed. People need to wise up and take some responsibility for themselves and stop whining to mommy government everytime they fail at life at their own hand.So is it a good idea to weaken The Wall Street Reform and Consumer Protection Act?
No, it is definitely not a good idea to weaken it.
It needs to be repealed immediately.
Tell me, Dear, what do Fannie and Freddie do? Can you tell me in your own words, since you're so educated?
Here you go Mrs. 57
Subprime mortgage crisis - Wikipedia, the free encyclopedia
The Financial Crisis Inquiry Commission reported in 2011 that Fannie & Freddie "contributed to the crisis, but were not a primary cause." GSE mortgage securities essentially maintained their value throughout the crisis and did not contribute to the significant financial firm losses that were central to the financial crisis. The GSEs participated in the expansion of subprime and other risky mortgages, but they followed rather than led Wall Street and other lenders into subprime lending.
No, idiot. "In your own words" means without throwing out a link.
BTW- Get bent. I wasn't talking to you anyway flame boy.Well because wall street boardrooms stand to gain huge profits at the expense of others OF COURSE they want to do this.
So is it a good idea to weaken The Wall Street Reform and Consumer Protection Act?
Let us know when you do? K?
No, idiot. "In your own words" means without throwing out a link.
Are you Frank 57? Anyway, facts are facts. Why is it that conservatives cringe from data/facts?
No, idiot. "In your own words" means without throwing out a link.
Are you Frank 57? Anyway, facts are facts. Why is it that conservatives cringe from data/facts?
100% of the mortgage market should be in banks and on Wall Street, the government should have 0%, not 90% like they currently do
What's the problem with Wall St making huge profits?
You griped when they lost tons of money. You gripe when they make money. There is no satisfying some people.
You have it SO WRONG, we don't "gripe" when capitalist speculators who never did a day's honest productive work in their lives lose their own ill-gotten gains. We gripe when we taxpayers have to pay them back for their losses so that they can non-productively speculate again the very next day and get rich again on our taxpayer's dime, and never pay us back, but instead use their money to buy Republicans to lower their taxes even further.
No, idiot. "In your own words" means without throwing out a link.
Are you Frank 57? Anyway, facts are facts. Why is it that conservatives cringe from data/facts?
I wasnt aware this was a closed conversation. Take it to PM if it is.
Yoy wouldn't know a fact from a fork.
Why can you not answer Frank's question?
The Financial Crisis Inquiry Commission reported in 2011 that Fannie & Freddie "contributed to the crisis, but were not a primary cause." GSE mortgage securities essentially maintained their value throughout the crisis and did not contribute to the significant financial firm losses that were central to the financial crisis. The GSEs participated in the expansion of subprime and other risky mortgages, but they followed rather than led Wall Street and other lenders into subprime lending.
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?
Here you go Mrs. 57
Subprime mortgage crisis - Wikipedia, the free encyclopedia
The Financial Crisis Inquiry Commission reported in 2011 that Fannie & Freddie "contributed to the crisis, but were not a primary cause." GSE mortgage securities essentially maintained their value throughout the crisis and did not contribute to the significant financial firm losses that were central to the financial crisis. The GSEs participated in the expansion of subprime and other risky mortgages, but they followed rather than led Wall Street and other lenders into subprime lending.
