Secret GOP plans to take down economy, finish the job started under Bush

Wall Street un-reform

The bill includes language repealing part of the Dodd-Frank Wall Street reform law that will allow banks covered by the Federal Deposit Insurance Corporation to directly engage in derivatives trading.

This set off the biggest political storm for the legislation, as Sen. Elizabeth Warren (D-Mass.) led a liberal insurrection against the White House, which decided not to fight Republicans over the measure.

Wall Street lobbied for the change, and the bill will be sent to Obama with the language in it.

What the 1.1 trillion spending bill contains TheHill

Don't you get it? It was "derivatives trading" from the deregulated economy under Bush that gave us the recession and brought down the world economy. It wasn't enough for the GOP. They will do anything to "finish the job" started under Bush.

ROFLMNAO!

Banks selling derivatives didn't crash the economy... The Left coercing the financial markets to replace sound lending principle with the Left's perverse notions of "Fairness" and Federally guaranteeing that idiocy, crashed the economy.

The "Fairness Policy" forced a run on Mortgages, inevitably driving the value of the underlying property beyond the means of the markets to sustain such. The Derivatives came out of the certainty that without spreading those duds across the markets, the Federal Government was going busted.

Understand, the Financial Markets are LOADED with greedy Relativists... who had no problem loaning money to people with no means to service the debt, because the FEDERAL GOVERNMENT GUARANTEED THOSE INEVITABLE LOSSES.

I say open those banks up and let the relativists sell whatever they want... but in so doing, educate the public that any money they place with those banks who reject sound lending principle, is as good as gone the second they put it in those banks. Then when those banks fold up, hold accountable the executives who made poor decisions which predictably cost people their savings and investment gains... strip them of their property and freedom based upon their failure to bear their responsibilities. Then, allow those who they screwed, to visit them in prison... and kick the living hell out of them visiting day after visiting day, for the rest of their natural lives.

In fairly short order, the whole thing will work itself out... people will come along who recognize, respect, defend and adhere to the natural principles that define America and they will replace the Relativists and, prosperity will return to the US.

(Although none of that will likely happen until after the catastrophic consequences of allowing Leftist to participate in government is burned out of the US... . )
How can you laugh at your own nonsense. Trying to get people to live in houses didn't crash the economy. And you can't prove it.

This is what actually happened:

The GOP deregulated banks and the insurance industry "HOPING" that fewer regulations will spur the economy. What happened is that banks sold houses to anyone with a dime, bundled the mortgages together and sold them overseas as "securities" insuring the hell out of them. When people couldn't pay, the insurance companies had to pony up the funds to cover the securities which is what we identify as "derivatives".
Which is why, stupid fuck, the insurance companies WENT OUT OF BUSINESS.

You can't blame poor people. That's just plain shitty. You didn't even mention the insurance companies. I can prove everything I said and have several times. It's recent history. But what you said is ignorant, right wing bullshit from people who refuse to even acknowledge how their disastrous policies brought down the world economy. No wonder they want to do it again. Their lack of taking responsibility for their failed policies keeps them from learning anything of value. The government wasn't responsible for those ridiculous loans, the banks were. Which is why the Government had to bail out the banks. If the government was at fault, the banks wouldn't have been in danger of folding. Come on. It only happened a few years ago. Republican deregulation happened with the GOP held both houses and the presidency under Bush. What is it you think they were doing? They can always get some Democrats to vote with them because there are conservative Democrats.There are NO liberal Republicans. None. Zero. Zip.
 
This is the problem with GOP policies. They are always based on "hope".

They hope that if we invade Iraq, we will be "welcomed".

They hope if they redistribute the wealth of the nation to the top 1%, they will create jobs.

They hope oil from Canada will drive down prices here.

They hope that if you slash education, people will rely on "common sense".

All of their polices are "hope and dreams". Except for the rest of us, those dreams are nightmares.
 
Banks selling derivatives didn't crash the economy... The Left coercing the financial markets to replace sound lending principle with the Left's perverse notions of "Fairness" and Federally guaranteeing that idiocy, crashed the economy.




Good god, you can't be that fucking stupid, can you? Sure you can.
Well by god you can be as stupid as you want. After all, this is the Internet. No holds barred on stupidity.
Carry on stupid.
 
Banks selling derivatives didn't crash the economy... The Left coercing the financial markets to replace sound lending principle with the Left's perverse notions of "Fairness" and Federally guaranteeing that idiocy, crashed the economy.




Good god, you can't be that fucking stupid, can you? Sure you can.
Well by god you can be as stupid as you want. After all, this is the Internet. No holds barred on stupidity.
Carry on stupid.
How can they blame what happened on poor people? I don't get it. And there are hundreds, if not thousands of reports about what happened. This determined ignorance just blows my mind.
 
Wall Street un-reform

The bill includes language repealing part of the Dodd-Frank Wall Street reform law that will allow banks covered by the Federal Deposit Insurance Corporation to directly engage in derivatives trading.

This set off the biggest political storm for the legislation, as Sen. Elizabeth Warren (D-Mass.) led a liberal insurrection against the White House, which decided not to fight Republicans over the measure.

Wall Street lobbied for the change, and the bill will be sent to Obama with the language in it.

What the 1.1 trillion spending bill contains TheHill

Don't you get it? It was "derivatives trading" from the deregulated economy under Bush that gave us the recession and brought down the world economy. It wasn't enough for the GOP. They will do anything to "finish the job" started under Bush.
Repubs & corporate Democrats did Citigroup's bidding. 'twas ever thus. The middle-class (account holders)? :up: screw them :thup:
All of this is infuriating on multiple levels, but mainly because Warren's opposition to the Citi provision wasn't a left-leaning move at all. It was very much a conservative position. Ayn Rand herself, dragged from the grave and lashed to a chair on the floor of the Senate, would have argued the same thing.

All the Dodd-Frank rule says is that if you're a federally-insured depository institution – if you're an FDIC-guaranteed bank, where real people have real bank accounts that are guaranteed by the federal government – you can't also be gambling with swaps and other dangerous derivative instruments.


Read more: Dodd-Frank Budget Fight Proves Democrats Are Stuffed Suits Rolling Stone
 
Banks selling derivatives didn't crash the economy... The Left coercing the financial markets to replace sound lending principle with the Left's perverse notions of "Fairness" and Federally guaranteeing that idiocy, crashed the economy.




Good god, you can't be that fucking stupid, can you? Sure you can.
Well by god you can be as stupid as you want. After all, this is the Internet. No holds barred on stupidity.
Carry on stupid.
49410634.jpg
 
Wall Street un-reform

The bill includes language repealing part of the Dodd-Frank Wall Street reform law that will allow banks covered by the Federal Deposit Insurance Corporation to directly engage in derivatives trading.

This set off the biggest political storm for the legislation, as Sen. Elizabeth Warren (D-Mass.) led a liberal insurrection against the White House, which decided not to fight Republicans over the measure.

Wall Street lobbied for the change, and the bill will be sent to Obama with the language in it.

What the 1.1 trillion spending bill contains TheHill

Don't you get it? It was "derivatives trading" from the deregulated economy under Bush that gave us the recession and brought down the world economy. It wasn't enough for the GOP. They will do anything to "finish the job" started under Bush.

It was the lefts ideology that caused the banks to do those derivatives trading.
If the Dems on the housing and banking committee plus one or two liberal republicans had not stopped the bill from passing in the committee to create the new agency that Bush wanted, we would have not had that recession.
Both parties were to blame.
Then the Dems get back in power and passed the Dodd Frank amendment which was too late by then.
Both sides of the aisle said that sec. 716 of the Dodd Frank amendment needed to be tweaked.
But we will just blame the republicans.
 
Wall Street un-reform

The bill includes language repealing part of the Dodd-Frank Wall Street reform law that will allow banks covered by the Federal Deposit Insurance Corporation to directly engage in derivatives trading.

This set off the biggest political storm for the legislation, as Sen. Elizabeth Warren (D-Mass.) led a liberal insurrection against the White House, which decided not to fight Republicans over the measure.

Wall Street lobbied for the change, and the bill will be sent to Obama with the language in it.

What the 1.1 trillion spending bill contains TheHill

Don't you get it? It was "derivatives trading" from the deregulated economy under Bush that gave us the recession and brought down the world economy. It wasn't enough for the GOP. They will do anything to "finish the job" started under Bush.


And we are again relaxing the requirements for people to get a mortgage...
People who will again be able to buy a home with little of their own money down....
They feel like walking away from their responsiblities and no big deal they have little or no skin
in the game...

Again we are going to do this?

Mel Watt Officially Loosens Fannie Freddie Mortgage Standards - Investors.com
 
Wall Street un-reform

The bill includes language repealing part of the Dodd-Frank Wall Street reform law that will allow banks covered by the Federal Deposit Insurance Corporation to directly engage in derivatives trading.

This set off the biggest political storm for the legislation, as Sen. Elizabeth Warren (D-Mass.) led a liberal insurrection against the White House, which decided not to fight Republicans over the measure.

Wall Street lobbied for the change, and the bill will be sent to Obama with the language in it.

What the 1.1 trillion spending bill contains TheHill

Don't you get it? It was "derivatives trading" from the deregulated economy under Bush that gave us the recession and brought down the world economy. It wasn't enough for the GOP. They will do anything to "finish the job" started under Bush.

It was the lefts ideology that caused the banks to do those derivatives trading.
If the Dems on the housing and banking committee plus one or two liberal republicans had not stopped the bill from passing in the committee to create the new agency that Bush wanted, we would have not had that recession.
Both parties were to blame.
Then the Dems get back in power and passed the Dodd Frank amendment which was too late by then.
Both sides of the aisle said that sec. 716 of the Dodd Frank amendment needed to be tweaked.
But we will just blame the republicans.


But we will just blame the republicans.[/

That's because the liberal media is on the Democrat payroll...
There aren't many in journalism these days that go after the truth.
They are there to push a story or frame a story that suits the Democrat party.

Just look at the question being asked of Rick Perry....
A questioned designed to trip him up I would guess...

How about a question for Obama right after he won the first time....like a few of these.

As the first black american President are you qualified to lead this country.
As the first black american President do you feel you won on merit or the fact you are black.
As the first american President how are you going to deal with the fact that most americans feel blacks are lazy and not that bright.

These are a few that come to mind
 
What was tweaked in Sec. 716 of the Dodd Frank bill
Both parties agreed to it. It's the far left who oppose because they don't understand what was really done. Pelosi nor Warren even read the bill.
The collateral segregation regime imposed by the Dodd-Frank Act rules on swap dealers of all types should be consistent and that is what was changed.
Dodd Frank Reforms The Swap Report

The Dodd-Frank Act provided the customers of swap dealers the “right” to require segregation of initial margin for uncleared swaps, instead of posting such margin directly with the swap dealer. In November of 2013, the CFTC released the final rules implementing collateral segregation for initial margin on uncleared swaps (the “CFTC Collateral Segregation Rules”). See our prior post for a Q&A on the CFTC Collateral Segregation Rules.
Separately, both the CFTC and the prudential regulators have now proposed rules requiring swap dealers and certain financial end-user counterparties to post collateral as margin for uncleared swaps (the “CFTC Margin Rules” and the “Bank Margin Rules”, respectively, and together the “Margin Rules”). The Bank Margin Rules would apply to uncleared swaps with prudentially regulated swap dealers and the CFTC Margin Rules would apply to uncleared swaps with all other swap dealers. The Margin Rules propose requirements for swap dealers to segregate initial margin posted by counterparties.

The CFTC Collateral Segregation Rules, CFTC Margin Rules, and Bank Margin Rules, however, each set out somewhat different regimes with respect to the requirements for collateral segregation for initial margin posted to a swap dealer, and each set of rules applies to a different group of swap dealers. Click here for a chart identifying the differences between the collateral segregation regimes.
Overall, the CFTC Collateral Segregation Rules provide for more detailed segregation requirements and are (in some respects) more protective of the counterparty. For example, the CFTC Collateral Segregation Rules require the account to be held for and on behalf of the counterparty and typically provide for joint control of the collateral. Importantly, however, the CFTC Collateral Segregation Rules would allow an affiliate of the swap dealer to be the custodian if it is a separate legal entity where the Margin Rules prohibit swap dealer affiliates from being a custodian.
The CFTC Margin Rules also propose to exclude margin required to be posted by the counterparty under the CFTC Margin Rules from the counterparty’s ability to elect segregation under the CFTC Collateral Segregation Rules. There is no such exclusion for initial margin required by the Bank Margin Rules. More importantly, the CFTC Margin Rules propose to reduce the segregation protections available to counterparties for collateral required to be posted to non-prudentially regulated swap dealers, but without indicating how these rules can be rationalized with the CFTC Collateral Segregation Rules.

It may not be necessary for all three rules to use the same collateral segregation regime, but the rules really should work together, or non-swap dealer counterparties will be unclear as which protections that the law intends them to have. The CFTC Collateral Segregation Rules apply at the election of the counterparty. The Margin Rules could provide for the a basic level of segregation and the CFTC Collateral Segregation Rules would then provide the counterparty the option to elect a more protective regime. As proposed, however, the segregation regimes are inconsistent, and the CFTC Collateral Segregation Rules apply differently depending on whether the collateral is required by the CFTC Margin Rules
 
Wall Street un-reform

The bill includes language repealing part of the Dodd-Frank Wall Street reform law that will allow banks covered by the Federal Deposit Insurance Corporation to directly engage in derivatives trading.

This set off the biggest political storm for the legislation, as Sen. Elizabeth Warren (D-Mass.) led a liberal insurrection against the White House, which decided not to fight Republicans over the measure.

Wall Street lobbied for the change, and the bill will be sent to Obama with the language in it.

What the 1.1 trillion spending bill contains TheHill

Don't you get it? It was "derivatives trading" from the deregulated economy under Bush that gave us the recession and brought down the world economy. It wasn't enough for the GOP. They will do anything to "finish the job" started under Bush.


And we are again relaxing the requirements for people to get a mortgage...
People who will again be able to buy a home with little of their own money down....
They feel like walking away from their responsiblities and no big deal they have little or no skin
in the game...

Again we are going to do this?

Mel Watt Officially Loosens Fannie Freddie Mortgage Standards - Investors.com

No they did not relax the requirements.
They made the rules consistent on all swap dealers.
Pelosi and Warren did not read the bill and are spewing out political nonsense.
 
We have history and we have bull shit. Which do you want? Of course the low information left prefers the BS. As for the history, the economy tanked after democrats took over the majority in both houses in Bush's second term. What was the first issue democrats took up in the senate? Did they tackle the economy, the environment, energy concerns? Nope, the first thing the democrat majority in the senate focused on was steroid use in baseball. Barney Frank became the chairperson of the House Banking Committee which had oversight responsibility for Fannie Mae and Frank told America that Fannie was solvent and doing fine when it was on the verge of collapse. Was Frank just negligent or did he allow Fannie Mae to collapse or did he push it over the edge as the biggest October surprise in history? In short the economy collapsed while democrats controlled 2/3 of the government and the liberal media managed to blame Bush just as democrats knew they would.
 
Wall Street un-reform

The bill includes language repealing part of the Dodd-Frank Wall Street reform law that will allow banks covered by the Federal Deposit Insurance Corporation to directly engage in derivatives trading.

This set off the biggest political storm for the legislation, as Sen. Elizabeth Warren (D-Mass.) led a liberal insurrection against the White House, which decided not to fight Republicans over the measure.

Wall Street lobbied for the change, and the bill will be sent to Obama with the language in it.

What the 1.1 trillion spending bill contains TheHill

Don't you get it? It was "derivatives trading" from the deregulated economy under Bush that gave us the recession and brought down the world economy. It wasn't enough for the GOP. They will do anything to "finish the job" started under Bush.

She led her own hypocritical carnival in which she's just as corrupt. You lined up with the rest of the rats.
 
Wall Street un-reform

The bill includes language repealing part of the Dodd-Frank Wall Street reform law that will allow banks covered by the Federal Deposit Insurance Corporation to directly engage in derivatives trading.

This set off the biggest political storm for the legislation, as Sen. Elizabeth Warren (D-Mass.) led a liberal insurrection against the White House, which decided not to fight Republicans over the measure.

Wall Street lobbied for the change, and the bill will be sent to Obama with the language in it.

What the 1.1 trillion spending bill contains TheHill

Don't you get it? It was "derivatives trading" from the deregulated economy under Bush that gave us the recession and brought down the world economy. It wasn't enough for the GOP. They will do anything to "finish the job" started under Bush.

It was the lefts ideology that caused the banks to do those derivatives trading.
If the Dems on the housing and banking committee plus one or two liberal republicans had not stopped the bill from passing in the committee to create the new agency that Bush wanted, we would have not had that recession.
Both parties were to blame.
Then the Dems get back in power and passed the Dodd Frank amendment which was too late by then.
Both sides of the aisle said that sec. 716 of the Dodd Frank amendment needed to be tweaked.
But we will just blame the republicans.
Not both parties. There are a few conservative Democrats. There is no such thing as a "liberal" Republican. Some Republicans may vote for the good of the country. They will put their family's future ahead of the greed understanding that if the country falls, it puts their own family into danger. But the vast majority of Republicans simply don't care. Their greed overtakes common sense. Worse, they are greedy to give what they imagine are the job "CREATORS" every cent they can be given. The indoctrination has gone that deep.

Blaming the entire Democratic Party for a few conservatives is like blaming all Republicans for Cruz.
 
We have history and we have bull shit. Which do you want? Of course the low information left prefers the BS. As for the history, the economy tanked after democrats took over the majority in both houses in Bush's second term. What was the first issue democrats took up in the senate? Did they tackle the economy, the environment, energy concerns? Nope, the first thing the democrat majority in the senate focused on was steroid use in baseball. Barney Frank became the chairperson of the House Banking Committee which had oversight responsibility for Fannie Mae and Frank told America that Fannie was solvent and doing fine when it was on the verge of collapse. Was Frank just negligent or did he allow Fannie Mae to collapse or did he push it over the edge as the biggest October surprise in history? In short the economy collapsed while democrats controlled 2/3 of the government and the liberal media managed to blame Bush just as democrats knew they would.
Now that is just plain fucking stupid. Bush was still president. He could and did veto. And, even a idiot understands that nothing happens to an economy this big overnight. Republicans deregulated Wall Street. Then it took years to make the plan work. Buying houses, finding fools to buy them for a dime. Putting together the insurance scam. Making it all work. Selling the bundled securities overseas to the unsuspecting. Waiting until the securities failed and then working the insurance companies to drain them of capital.

Even a tard knows you can't do that in a year or even two. It takes at least four or five. So stop trying to blame Democrats for what we all know what Republicans did and want to do again.

Jesus, why don't you guys have any common sense???? Next thing you'll be telling us there is no such thing as climate change and the world is only 6,000 years old. Sane people simply aren't that fucking stupid.
 
Wall Street un-reform

The bill includes language repealing part of the Dodd-Frank Wall Street reform law that will allow banks covered by the Federal Deposit Insurance Corporation to directly engage in derivatives trading.

This set off the biggest political storm for the legislation, as Sen. Elizabeth Warren (D-Mass.) led a liberal insurrection against the White House, which decided not to fight Republicans over the measure.

Wall Street lobbied for the change, and the bill will be sent to Obama with the language in it.

What the 1.1 trillion spending bill contains TheHill

Don't you get it? It was "derivatives trading" from the deregulated economy under Bush that gave us the recession and brought down the world economy. It wasn't enough for the GOP. They will do anything to "finish the job" started under Bush.

It was the lefts ideology that caused the banks to do those derivatives trading.
If the Dems on the housing and banking committee plus one or two liberal republicans had not stopped the bill from passing in the committee to create the new agency that Bush wanted, we would have not had that recession.
Both parties were to blame.
Then the Dems get back in power and passed the Dodd Frank amendment which was too late by then.
Both sides of the aisle said that sec. 716 of the Dodd Frank amendment needed to be tweaked.
But we will just blame the republicans.
Not both parties. There are a few conservative Democrats. There is no such thing as a "liberal" Republican. Some Republicans may vote for the good of the country. They will put their family's future ahead of the greed understanding that if the country falls, it puts their own family into danger. But the vast majority of Republicans simply don't care. Their greed overtakes common sense. Worse, they are greedy to give what they imagine are the job "CREATORS" every cent they can be given. The indoctrination has gone that deep.

Blaming the entire Democratic Party for a few conservatives is like blaming all Republicans for Cruz.

I did not blame the entire Democrat Party.

That is a very biased thing to say.
Liberal Republicans often supported a liberal-to-moderate fiscal policy, but also supported liberal social causes, such as abortion and gay marriage. They may also be opposed to death penalty and support gun control. In modern times, more liberal Republicans includedRudy Giuliani,Scott Brown,Amo Houghton,Colin Powell,Jim Leach,Joseph Cao, SenatorsOlympia SnoweandSusan Collins, former California GovernorArnold Schwarzenegger, Massachusetts GovernorCharlie Baker. Two former SenatorsJim JeffordsandArlen Specter, both of whom later left the party. Rhode Island governorLincoln Chafeeand New York City mayorMichael Bloomberg, both former Republicans turned independents (Chafee ended up switching to the Democrats), also espoused stances favored by liberal.
 
Wall Street un-reform

The bill includes language repealing part of the Dodd-Frank Wall Street reform law that will allow banks covered by the Federal Deposit Insurance Corporation to directly engage in derivatives trading.

This set off the biggest political storm for the legislation, as Sen. Elizabeth Warren (D-Mass.) led a liberal insurrection against the White House, which decided not to fight Republicans over the measure.

Wall Street lobbied for the change, and the bill will be sent to Obama with the language in it.

What the 1.1 trillion spending bill contains TheHill

Don't you get it? It was "derivatives trading" from the deregulated economy under Bush that gave us the recession and brought down the world economy. It wasn't enough for the GOP. They will do anything to "finish the job" started under Bush.

It was the lefts ideology that caused the banks to do those derivatives trading.
If the Dems on the housing and banking committee plus one or two liberal republicans had not stopped the bill from passing in the committee to create the new agency that Bush wanted, we would have not had that recession.
Both parties were to blame.
Then the Dems get back in power and passed the Dodd Frank amendment which was too late by then.
Both sides of the aisle said that sec. 716 of the Dodd Frank amendment needed to be tweaked.
But we will just blame the republicans.
Not both parties. There are a few conservative Democrats. There is no such thing as a "liberal" Republican. Some Republicans may vote for the good of the country. They will put their family's future ahead of the greed understanding that if the country falls, it puts their own family into danger. But the vast majority of Republicans simply don't care. Their greed overtakes common sense. Worse, they are greedy to give what they imagine are the job "CREATORS" every cent they can be given. The indoctrination has gone that deep.

Blaming the entire Democratic Party for a few conservatives is like blaming all Republicans for Cruz.

I did not blame the entire Democrat Party.

That is a very biased thing to say.
Liberal Republicans often supported a liberal-to-moderate fiscal policy, but also supported liberal social causes, such as abortion and gay marriage. They may also be opposed to death penalty and support gun control. In modern times, more liberal Republicans includedRudy Giuliani,Scott Brown,Amo Houghton,Colin Powell,Jim Leach,Joseph Cao, SenatorsOlympia SnoweandSusan Collins, former California GovernorArnold Schwarzenegger, Massachusetts GovernorCharlie Baker. Two former SenatorsJim JeffordsandArlen Specter, both of whom later left the party. Rhode Island governorLincoln Chafeeand New York City mayorMichael Bloomberg, both former Republicans turned independents (Chafee ended up switching to the Democrats), also espoused stances favored by liberal.

Uh, helloooo. Knock knock. Colin Powell has been chased from the Republican Party. Remember, if you are a Republican, you are not allowed your own opinion.
Democrats on the other hand? Even USMB Republicans have talked about how some blacks don't like gays, and yet, there they are, working hand in hand for the good of the country.

One question I have been asking for the last couple of years is for Republicans to name some GOP policy from the last 30 or 40 years that has been good for the majority of Americans. So far, no one has been able to think of one. Perhaps you can?

I can name a dozen Democratic policies. Starting with Lily Ledbetter, on to health care, then to education and so on. There are so many. Republicans only see failure, even where there is success. But failure is all the GOP has. Look at the GOP frontrunners for the presidency. Crispie has added 6 billion in deficit a year to his tiny state. Perry has just cut 5 billion from education in Texas. Walker is dead last in........well.......you get the picture.
 
Nothing makes Republicans run faster than this one question:

name some GOP policy from the last 30 or 40 years that has been good for the majority of Americans
 

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