Income inequality helped cause the crash

[Rozman]

Cows = farts
Dinosaurs = farts
Man eating cows = farts x 2
Caveman eats Dinosaurs = farts x 2....

The earth survived the Dinosaur farts and the fact that this was compounded by the cave man eating the Dinosaurs....So I think we will survive this....

Now there is a bit of a problem with my equation here.
Similar to MSNBC I'm playing a little loosey goosey with the facts...
Wonder if anyone picked up on my errors.

I know TM will totally discard my post since I didn't provide a link.
But I'm just having a little fun here....

 

[francoHFW]

Nice alternate BS universe ya got , dupes- So brainwashed, and appear to just lurve it.

10. ...if the GOP plays its cards right, Fanniegate could push this country into a new political era."Fanniegate: Gamechanger For The GOP? | Via Meadia

The “Big Lie,” in a nutshell, is that the 2008 financial crisis was caused not by Wall Street’s shady lending practices or exotic (and ultimately worthless) financial instruments but by Fannie Mae and Freddie Mac, which were forced by the government’s expansive housing policy to make riskier and riskier loans. Because it conveniently lays the blame for the recession at the feet of the government, the Big Lie is a conservative favorite. The problem is, it’s not remotely supported by facts.

Morgenson finds it ironic that “Washington’s push to increase homeownership opened the door for companies to sell poisonous and tricky loans that have now imperiled many of the most vulnerable,” yet private lenders were the ones to pioneer these poisonous loans, and made more of them than Fannie or Freddie ever did. Joe Nocera, a colleague of Morgenson’s at the Times who got his start as a business reporter, summed it up quite nicely on Dec. 23 when he stated that conservative scholar Peter Wallison “almost single-handedly created the myth that Fannie Mae and Freddie Mac caused the financial crisis.” Almost, because Wallison had a passel of partners in crime, including the Wall Street Journal editorial page, Congressional Republicans looking for any excuse to attack Fannie and Freddie, and — though he doesn’t mention her — Gretchen Morgenson herself.

The Times evidently has a policy against speaking ill of one’s co-workers, as demonstrated by Paul Krugman’s wink-wink-nod criticism of David Brooks’ economic ignorance (“as some pundits have said . . . .&#8221, but Morgenson and her bestselling book Reckless Endangerment are pretty hard to overlook. Reckless Endangerment is the Big Lie writ large — 352 pages large — and has been parroted as gospel by the news media despite an overwhelming consensus by mainstream economists that federal housing policy had almost nothing to do with the financial crisis.

 

[Rozman]

Weren't bonuses paid to the executives of Freddie and Fannie.
The more loans given out the bigger the bonuses.
Wasn't it Bush who tried to have the books looked over.
Wasn't there a congressional hearing where
Maxine Waters,Meeks and Barney Frank were shown totally
tearing some poor guy a new A$$hole because he said there were problems with Freddie and Fannie.
Wasn't it Barney Frank who accused Republicans of being racists because they said there were problems at Freddie and Fannie...

Go ahead and keep blaming Bush for all of this but we know better.

 

[francoHFW]

NO> Extended exposure to Fox News makes voters stupid...

ALL out of context BS, and a LATE sideshow compared what the banks were doing. And they are 50%+ racists.

 

[CrusaderFrank]

Cows = farts
Dinosaurs = farts
Man eating cows = farts x 2
Caveman eats Dinosaurs = farts x 2....

The earth survived the Dinosaur farts and the fact that this was compounded by the cave man eating the Dinosaurs....So I think we will survive this....

Now there is a bit of a problem with my equation here.
Similar to MSNBC I'm playing a little loosey goosey with the facts...
Wonder if anyone picked up on my errors.

I know TM will totally discard my post since I didn't provide a link.
But I'm just having a little fun here....

I have peer reviewed this theory and it's awesome

Science = settled

 

[Liability]

We have worse inequality and upward mobility than almost any EU country. They have good education and fair taxation. Did you miss the last 30 years of Pubcrappe, dupe? See sig, and change the channel.

You sound like a fucking retard

He is a fucking brain dead drone.

 

[Liability]

Putting aside the "pub" mindless prattle of FrenchiTub, it's more interesting to track the "thinking" of TDM.

She reads (anvd of course immediately believes as she is instructed to) that income inequality leads to economic tragedy.

Accordingly, using straight-line "logic" (the type used in her tiny pin head universe) she concludes that all will be well with the economic universe if only we mandate complete income equality for all.

And she doesn't have the first fucking clue of what that would entail.

Sadly, her version of sloppy "thinking" is mirrored by the morons like FrenchiTub and similar liberal socialist drek.