Reagan/Bush & Bush/Cheney fraudulent home loan schemes strike fear in voters for real

Discussion in 'Politics' started by merrill, Jan 10, 2012.

  1. merrill
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    merrill VIP Member

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    Because it has become an established standard operating procedure(SOP). This pattern spells RINO dominated behind the scenes agenda. Can this be documented?

    Of course:

    * Bailing out The Reagan/Bush Savings and Loan Heist aka home loan scandal sent the economy out the window costing taxpayers many many $$ trillions (Cost taxpayers $1.4 trillion), Plus millions of jobs, loss of retirement plans and loss of medical insurance.
    The Bush family and the S&L (Savings and Loan) Scandal

    * Bailing out the Bush/Cheney Home Loan Wall Street Bank Fraud cost consumers $ trillions, millions of jobs, loss of retirement plans and loss of medical insurance. Exactly like the Reagan/Bush home loan scam. Déjà vu can we say. Yep seems to be a pattern.
    What is the difference between a Ponzi scheme and a housing bubble? | Dollars & Sense

    * Bush/Cheney implied more than ONLY 3 financial institutions instead of several were at risk so why $700 billion in bail out money? One of the biggest lies perpetrated to American citizens. Where did this money go? Why were some banks forced to take bail out money?
    "Good Billions After Bad" - One Year After Wall Street Bailout, Pulitzer Winners Barlett and Steele Investigate Where All the Money Went


    In the end big debt and super duper bailouts were the results which does not seem to bother Republicans, as long as they are in power.
     
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  2. occupied
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    occupied Gold Member

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    Corporate welfare, as American as a maggoty rotten apple pie.
     
  3. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Funny how you leave out Carter and Clinton, the one's respectively who established the CRA and put the screws to banks to make the loans under provisions of the CRA....

    FAIL.
     
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  4. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Sadly, true capitalism would never have allowed TARP and the notion of "too big to fail".
     
  5. California Girl
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    California Girl BANNED

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    For the love of all that is holy to you, please learn to think before you post. You are making yourself look ridiculous.
     
  6. merrill
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    merrill VIP Member

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    How come these carefully outlined home loan frauds do not surface during the Carter and Clinton administrations?

    Are you saying directives to banks that stated fraud is a legal tool exist in whatever document you offered up? Show me....
     
    Last edited: Jan 10, 2012
  7. California Girl
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    California Girl BANNED

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    Serious question. How do you manage to get though your entire life without having a single thought for yourself?
     
  8. merrill
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    merrill VIP Member

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    Starting in 2003, George W. Bush destroyed the world economy by encouraging U.S. banks to make loans to those who could not afford them, through schemes such as the "American Dream Downpayment Initiative".

    Also through the destruction of oversight, such as lawsuits to prevent state securities laws from being enforced on Bush's watch.

    Once Bush's policies led to their inevitable result of economic collapse, the United States found itself in a situation where it had to take on debt in order to restore the economy.

    ReaganBushDebt.org Calculation Details
     
  9. merrill
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    merrill VIP Member

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    Your rebuttal did not address the comments presented...
     
  10. Soggy in NOLA
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    Under provisions of the CRA, ANY allegation of redlining would be sufficient to allow regulators to hold up ANY business banks had before the regulators. It was a de facto way of forcing banks to make risky loans. Now, banks like any other business, did what they had to do on the back end to mitigate the extra risk that was taken on like SISA loans, etc.

    And we see what the end result was. Am I excusing the actions of some banks and some investment firms? Absolutely not. However, once again, free markets were diddled with and we see what happened... true free markets would never have allowed for SISA loans, etc. The push for everybody to own a home, coupled with cheap cash for real estate speculators and a inflated housing market created an untenable economic situation.
     
    Last edited: Jan 10, 2012

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