Here's Your Deregulation You Peons

[DiveCon]

I am not saying that the democrats are not partially at blame for the current situation, but the video you just showed us was a waste of time. It was clearly cut up by someone with an agenda and is horrendously one sided. Who knows how many of those clips were taken out of context. Yes, they looked bad, but that is exactly what the producer of that little clip wanted. If you want anyone to take you seriously, try to produce information that at least pretends to be unbiased. That is generally the only reliable variety.

a lot of those comments are pretty hard to take out of context

 

[Ravi]

uh, they have for quite some time

Wrong. The deregulation of 1999 is what allowed these mortgages to be bundled and sold. What I described above happened is a direct result of that deregulation. It's possible it wouldn't have happened if the world's pool of money hadn't grown to such an extent in such a short time, and it's possible it wouldn't have happened if Greenspan hadn't refused to raise the interest rate and made investing in tbills attractive to investors.

But is clearly shows that lending institutions cannot operate without some kind of limits to their lending and trading practices without causing harm to we innocent bystanders.

 

[Ravi]

It would be good if you eased off on the personal slurs and stuck to the point. You invite people to deal with a complex point and when you get an answer, instead of dealing with it you seem to launch into an immediate personal attack. It doesn't take a great deal of mental effort to do that but it's bloody annoying. As are your repetitive remarks about "ostrich". It was funny once. Just once. Now it's not funny.

Feel free to explode now

Only 80% of the people here actually care about understanding the truth on any given subject. Though, that could be a generous number. Many aren't as bad as Willow, who really does nothing but post one lie after another with nothing to back himself up. I can't figure out if he honestly believes minorities are responsible for all the woes in the world or it's just something he's pushing because he thinks it makes people vote for his candidate.

 

[indago]

[ame=http://es.youtube.com/watch?v=l7B4laX1E70]BURGESS/MARTIAL LAW[/ame]

At the time of this posting, the link to the BAILOUT PLAN at the New York Times site showed all blank pages.

http://graphics8.nytimes.com/packages/pdf/business/20080928bailout_text.pdf

 

[editec]

Here's something to consider....

I can't find the texts of this so called "Troubled Asset Rescue Plan"

I can find encapsulations of what it is supposed to say, but the text itself?

Not yet available online? Why the hell not?

I find this more than somewhat troubling

The devil is generally in the details.

Now how are we the people supposed to evaluate this plan without knowing those specific details?

 

[WillowTree]

Only 80% of the people here actually care about understanding the truth on any given subject. Though, that could be a generous number. Many aren't as bad as Willow, who really does nothing but post one lie after another with nothing to back himself up. I can't figure out if he honestly believes minorities are responsible for all the woes in the world or it's just something he's pushing because he thinks it makes people vote for his candidate.

Nobody said minorities are responsible for all the woes in the world DUMMIE therefore as you once said to me quite plainly, I don't give a crap about your opinion. You are a liar.

 

[dilloduck]

Here's something to consider....

I can't find the texts of this so called "Troubled Asset Rescue Plan"

I can find encapsulations of what it is supposed to say, but the text itself?

Not yet available online? Why the hell not?

I find this more than somewhat troubling

The devil is generally in the details.

Now how are we the people supposed to evaluate this plan without knowing those specific details?

They don't WANT us evaluating. When we find out what they are doing , it always messes up they're little plans. Besides we're too stupid to really understand it.

 

[Ravi]

Here's something to consider....

I can't find the texts of this so called "Troubled Asset Rescue Plan"

I can find encapsulations of what it is supposed to say, but the text itself?

Not yet available online? Why the hell not?

I find this more than somewhat troubling

The devil is generally in the details.

Now how are we the people supposed to evaluate this plan without knowing those specific details?

There's a link for it here, in the middle column, under documents.

Credit Crisis Bailout Plan - The New York Times

 

[Ravi]

They don't WANT us evaluating. When we find out what they are doing , it always messes up they're little plans. Besides we're too stupid to really understand it.

 

[dilloduck]

Fine --swallow it up hool line and sinker liek a good little fishy.

 

[editec]

They don't WANT us evaluating. When we find out what they are doing , it always messes up they're little plans. Besides we're too stupid to really understand it.

I'm not.

 

[Ravi]

Fine --swallow it up hool line and sinker liek a good little fishy.

 

[WhiteLion]

First I haven't blamed this on any ethnicty... I stated as a FACT, that the mortgage industry meltdown is a result of social engineering BY THE SOCIALISTS... their interfering regulatory requirements forced this problem on the market.

Yes, its complex in ferreting out the micro-reasoning for each step, with the bundling of securitized mortgages and so on... but in the macro it's quite easy to get the head around.

It boils down to supply and demand... The result is that mortgages became plentiful, for what ever reason... getting a mortgage was EASY!~ The result of that is the same as it always is, where there is a product or instrument that people want and or need and it becomes easy to realize: EVERYONE GETS ONE! As a result of that, the mortgages ran up the perceived value of real estate and inevitably what you're left with is a boat load of banks holding bad mortgages which they can't move because the value of those mortgages are in some cased 2, 3 and 4 times the value for which the property can be sold.

The simple, if unfortunate fact is that you don't need a majority of these loans to go south before it cripples the industry and if we're not there yet, we're not far from it.

The bad news is that the government is doign exactly the opposite of what needs to be done... cleansing itself of the socialists that caused the government to manipulate the private sector and prosecuting managers within the private sector that cooked the books to under report their exposure and beyond that: ABSOLUTELY NOTHING except to get out of the way and let the market adjust.

On the right track

 

[indago]

There's a link for it here, in the middle column, under documents.

Credit Crisis Bailout Plan - The New York Times

All I get is blank pages...

 

[PubliusInfinitum]

Wrong. The deregulation of 1999 is what allowed these mortgages to be bundled and sold.

"Deregulation?" ROFLMNAO.... Get serious.

The 1999 bill didn't DE-Regulate anything. It merely provided for DIFFERENT Regulations... They (The Social Egineering Ideological LEFT - Ie: your friendly neighborhood DEMOCRATS) found a way that they thought would let the GSEs (Fanny and Freddy) guarantee the sub-prime loans, through securitizing and bundling them as investments... specifically mortgage backed debt securities; investors LOVED them... they were returning MONSTER rates of return and life was good, until one day, the last guy, bought the last overpriced house and the first guy returned to the equity well to find it all dried up and the whole house of cards came tumbling down.

But this is what happens when we try to social engineer... There's a reason poor people are poor and there's a VERY good reason why banks did not want to expose themselves to loans where people did not have the financial means and track record of on time payments... before the social engineers on the Left (The Carter and later the Clinton regimes... along with the Democrat's and Liberal Republicans in Congress) demanded that banks that did NOT loan an arbitrary percentage of loans to a particular neighborhood was "RED LINING;" (Read: "Profiling..." it's the same thing and the PC resistance to it, produces the same calamitous results) Redlining was a mythical term the left created to dramatize a myth that Banks were racists; they used the term to convince people that redlining was a function of the ubiquitous "Prejudice" or that most nefarious of all prejudices: DISCRIMINATION. In fact the Banks were DISCRIMINATING... as DISCRIMINATION is how Banks keep from running up portfolios of mortgages which they CAN'T SERVICE and GOING BANKRUPT!

But the Clinton Regime, through Janet Reno's Justice Department, threatened the banking industry with relentless prosecution if they did not stop 'redlining' these applicants. Banks simply refused and there are various legislative 'solutions' which were in effect, the US Government taking on the role of guaranteeing these loans, the GSEs; which made getting a Mortgage extremely easy and CHEAP; this drove up the price of real estate because 'everyone wanted it' and PRESTO... that HAS TO END UP HERE.

ROFL... But if you think that TURNING the HOMES of citizens into commodities has turned out bad... WAIT until you see how the turning of Primary Starches INTO FUEL turns out! You're gonna LOVE THAT. All this will do is make you homeless, force you to rent, what will probably turn out to be a NICER HOUSE... The Eco-fruitcakes and their bio-fuels will end up killing tens, if not hundreds of millions of people.

But that’s what happens when one provides the Advocates of Social Science access to any level or any FORM of power; it can and will ONLY lead to calamity, catastrophe and chaos.

 

[AllieBaba]

I couldn't have said it better myself, and I didn't say it any better in any of the 800 posts spread out across this site where I said it.

But you pulled it together nicely.

 

[Ravi]

I couldn't have said it better myself, and I didn't say it any better in any of the 800 posts spread out across this site where I said it.

But you pulled it together nicely.

What did he say? I've stopped reading his posts.

 

[AllieBaba]

That's because they're too intelligent and fact filled for you, Ravi.

 

[WhiteLion]

"Deregulation?" ROFLMNAO.... Get serious.

The 1999 bill didn't DE-Regulate anything. It merely provided for DIFFERENT Regulations... They (The Social Egineering Ideological LEFT - Ie: your friendly neighborhood DEMOCRATS) found a way that they thought would let the GSEs (Fanny and Freddy) guarantee the sub-prime loans, through securitizing and bundling them as investments... specifically mortgage backed debt securities; investors LOVED them... they were returning MONSTER rates of return and life was good, until one day, the last guy, bought the last overpriced house and the first guy returned to the equity well to find it all dried up and the whole house of cards came tumbling down.

But this is what happens when we try to social engineer... There's a reason poor people are poor and there's a VERY good reason why banks did not want to expose themselves to loans where people did not have the financial means and track record of on time payments... before the social engineers on the Left (The Carter and later the Clinton regimes... along with the Democrat's and Liberal Republicans in Congress) demanded that banks that did NOT loan an arbitrary percentage of loans to a particular neighborhood was "RED LINING;" (Read: "Profiling..." it's the same thing and the PC resistance to it, produces the same calamitous results) Redlining was a mythical term the left created to dramatize a myth that Banks were racists; they used the term to convince people that redlining was a function of the ubiquitous "Prejudice" or that most nefarious of all prejudices: DISCRIMINATION. In fact the Banks were DISCRIMINATING... as DISCRIMINATION is how Banks keep from running up portfolios of mortgages which they CAN'T SERVICE and GOING BANKRUPT!

But the Clinton Regime, through Janet Reno's Justice Department, threatened the banking industry with relentless prosecution if they did not stop 'redlining' these applicants. Banks simply refused and there are various legislative 'solutions' which were in effect, the US Government taking on the role of guaranteeing these loans, the GSEs; which made getting a Mortgage extremely easy and CHEAP; this drove up the price of real estate because 'everyone wanted it' and PRESTO... that HAS TO END UP HERE.

ROFL... But if you think that TURNING the HOMES of citizens into commodities has turned out bad... WAIT until you see how the turning of Primary Starches INTO FUEL turns out! You're gonna LOVE THAT. All this will do is make you homeless, force you to rent, what will probably turn out to be a NICER HOUSE... The Eco-fruitcakes and their bio-fuels will end up killing tens, if not hundreds of millions of people.

But that’s what happens when one provides the Advocates of Social Science access to any level or any FORM of power; it can and will ONLY lead to calamity, catastrophe and chaos.

Dead-on exactly right, but the financial shit's still gonna hit the fan and real bad before to long, you all have'nt seen shit yet. Look into the faces of those in that video that was posted earlier, those being scrutinzed and youll come to realize the incompetence behind the discriminatory(redline myth). And for these reasons, it will never stop until the USA is completely undone, finished, goose cooked and otherwise destroyed financially...

 

[Care4all]

"Deregulation?" ROFLMNAO.... Get serious.

The 1999 bill didn't DE-Regulate anything. It merely provided for DIFFERENT Regulations... They (The Social Egineering Ideological LEFT - Ie: your friendly neighborhood DEMOCRATS) found a way that they thought would let the GSEs (Fanny and Freddy) guarantee the sub-prime loans, through securitizing and bundling them as investments... specifically mortgage backed debt securities; investors LOVED them... they were returning MONSTER rates of return and life was good, until one day, the last guy, bought the last overpriced house and the first guy returned to the equity well to find it all dried up and the whole house of cards came tumbling down.

But this is what happens when we try to social engineer... There's a reason poor people are poor and there's a VERY good reason why banks did not want to expose themselves to loans where people did not have the financial means and track record of on time payments... before the social engineers on the Left (The Carter and later the Clinton regimes... along with the Democrat's and Liberal Republicans in Congress) demanded that banks that did NOT loan an arbitrary percentage of loans to a particular neighborhood was "RED LINING;" (Read: "Profiling..." it's the same thing and the PC resistance to it, produces the same calamitous results) Redlining was a mythical term the left created to dramatize a myth that Banks were racists; they used the term to convince people that redlining was a function of the ubiquitous "Prejudice" or that most nefarious of all prejudices: DISCRIMINATION. In fact the Banks were DISCRIMINATING... as DISCRIMINATION is how Banks keep from running up portfolios of mortgages which they CAN'T SERVICE and GOING BANKRUPT!

But the Clinton Regime, through Janet Reno's Justice Department, threatened the banking industry with relentless prosecution if they did not stop 'redlining' these applicants. Banks simply refused and there are various legislative 'solutions' which were in effect, the US Government taking on the role of guaranteeing these loans, the GSEs; which made getting a Mortgage extremely easy and CHEAP; this drove up the price of real estate because 'everyone wanted it' and PRESTO... that HAS TO END UP HERE.

ROFL... But if you think that TURNING the HOMES of citizens into commodities has turned out bad... WAIT until you see how the turning of Primary Starches INTO FUEL turns out! You're gonna LOVE THAT. All this will do is make you homeless, force you to rent, what will probably turn out to be a NICER HOUSE... The Eco-fruitcakes and their bio-fuels will end up killing tens, if not hundreds of millions of people.

But that’s what happens when one provides the Advocates of Social Science access to any level or any FORM of power; it can and will ONLY lead to calamity, catastrophe and chaos.

75% of the subprime loans issued the past 5 years were done by institutions that were NOT covered by the 1977 CRA....Community reinvestment act....just heard on cnn.... these institutions took these high risks and created these very bad and unsound loans, all on their own....their own poor business decisions.....