Politically speaking, the truth about the credit bubble

Discussion in 'Politics' started by JRK, Apr 29, 2012.

  1. JRK
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    JRK Senior Member

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    Its another Liberal lie that keeps being repeated

    Two simple events took place
    interest rates went up
    real estate values plummeted

    NO politician had anything to do with either
    the fed and a surplus of real estate opportunities
     
  2. American Horse
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    American Horse AKA "Mustang"

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    You're letting the people off the hook who resisted any change to pushing mortgage on those who had virtually no creditworthiness; viz the CRA and F&F

    It was the most prediictable financial crisis ever to come out of a credit bubble.
     
  3. JRK
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    JRK Senior Member

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    without real estate pricing plummeting
    that, that event that had nothing to do with Bankers and Consumers making bad decisions
    Had nothing to do with it

    I cannot find any legislation that states if a person is making 30k a year you are mandated to give that person a 200,000.00 mortgage either

    It was a credit bubble that has as much to do with good people going up-side down on there financial investments

    I guess I see those stupid choices from the banker to the consumer is the people I see on the hook as the problem as it was created
    Still
    If real estate values remained good, none of this occurs
     
  4. Truthmatters
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    so you got caught with facts in your fucking lies in the other thread and start a new one instead of facing your lies?
     
  5. Truthmatters
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    what are mortage backed securities?

    do you even know?
     
  6. Truthmatters
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    The right keeps doing this thing where they just run away or flat out lie in the face of facts.

    They think it somehow wins them something.

    What it does is build your world on a shakey base fo stupid assed lies.

    Pretty soon your entire foundation is nothing but lies.

    you are there now my friends and its why your party is dying
     
  7. Truthmatters
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  8. JRK
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    JRK Senior Member

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    Good God would you chill out
    what does the dem party failing those who voted for them have to do with the credit bubble?
    My god has any-one ever told you your have an obsession problem?
    What does a Mortgage back security have to do with the pricing of real estate plummeting?
    If any-thing it is the other way around

    Look TM, CHILL OUT
     
  9. Truthmatters
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    why do you never admitt your mistakes and LIE in the face of facts?

    Tell us everything you know about mortgage backed securities and the securities brokers who sell them.
     
  10. Truthmatters
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    SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
    Eight 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.
     

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