stimulating housing demand will cure the economy

[Truthmatters]

Note the black heart cons cant understand the SEC release

 

[Si modo]

frank your insane

How does one frank an insane?

 

[Truthmatters]

They have NO idea what it refers to and its implications

 

[iamwhatiseem]

Note the black heart cons cant understand the SEC release

No, we understand it...just no one could possibly figure out how to make YOU understand it.
It is very difficult to get past the miles of thick fog that encircles your head.
The tragedy is - there are other people out there just as blind as you.
For someone to say "we should stimulate the mortgage industry to help the economy" - is so impossibly stupid..I mean even for you TM - this is just...impossibly stupid.
Just where are we going to find the angels that we could trust to manage the entire industry who are free from corruption? So you want to go for "Round 3"?....holy hell.

 

[hjmick]

frank your insane

What about Frank's insane?

 

[Truthmatters]

not one fucking asshole on the right can explain what it means?


you people are dumb as a stump

 

[Truthmatters]

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.

Ive highlighted some parts to give you a fucking clue

 

[Rat in the Hat]

not one fucking asshole on the right can explain what it means?


you people are dumb as a stump

I can explain what it means, but I'm not going to bother explaining it to you.

Trying to give you facts is like trying to teach a pig to sing.

 

[hjmick]

Well, TM, perhaps if hadn't worked so damn hard to establish yourself as the board punchline, people would respond to your posts in serious manner.

You are a joke, madame, get used to it.

 

[Truthmatters]

not a fucking clue huh?


jesus and you people think anyone should listen to your point of view when you are incapable of understanding the world arraound you?

You didnt seee the crash coming and SCREAMED at those of us who told you it was coming.


Now you lap up some lamed brained fox news tripe about what happened and expect anyone with brains to think you have a vaild point of view on how to fix anything

 

[Si modo]

not one fucking asshole on the right can explain what it means?


you people are dumb as a stump

You reap what you sow, you miserable, racist, lying bitch.

Now you know.

 

[TakeAStepBack]

Now you fucks are doubling down on that same stupid

You want to fix the situation by doing the exact same thing that broke it in the first place and WE are the ones doubling down on stupid?

You are so far off the stupid grid I do not even know of a term to describe it.

Can someone help me out here? Just how fuckign double down stupid is TM and the "economists" she listens to?

 

[Rat in the Hat]

not a fucking clue huh?


jesus and you people think anyone should listen to your point of view when you are incapable of understanding the world arraound you?

You didnt seee the crash coming and SCREAMED at those of us who told you it was coming.


Now you lap up some lamed brained fox news tripe about what happened and expect anyone with brains to think you have a vaild point of view on how to fix anything

boock boock booock cluck cluck cluckity cluuck clcuk bock

....

 

[Truthmatters]

You dont even understand the implications of the SEC release.


It tells the whole fucking story in that one release.

your idiots

 

[P@triot]

rewrite these mortgages.

Make the banks who wrote them take the bigger slice of the loss.

it will cycle through much faster and people will be freed up to spend money they have had to use to pay these unsustainable mortgages.


The right leaning house refuses to fix this and would rather use our system for their election purposes intead of fixng things

"Make the banks who wrote them take the bigger slice of the loss" - how about this you stupid communist - how about the people who asked for the loan, took the loan, and promised to pay the loan back take the bigger slice of the loss?

You Democrats caused the problem - the House is just preventing you from collapsing us further. You're just pissed that they won't institute your Communist ideology.

It's not governments job to bail you stupid liberals out of your own bad decisions. And if it weren't for Bill Clinton and the liberals in the first place, the free market would have stopped you from your own stpuid decisions. You took the loan - you pay it back! Personal Responsibility (imagine that you stupid fucking communist).

 

[Truthmatters]

Not one of you can explain it away.

Its cold hard facts

 

[hjmick]

Whose idiots?

 

[GHook93]

Stimulating Housing Demand



When the housing market collapsed four years ago, many economists and federal regulators blamed excessive leverage on Main Street and Wall Street for the crisis. Now, years later, the unwinding of that massive debt -- known as deleveraging --is slowing the economic recovery, says Mike Konczal, a fellow at the Roosevelt Institute, a left-leaning think tank.

"Mortgage debt is the real core problem" for the economy, Konczal told The Daily Ticker.

It's estimated that 23 percent to 31 percent of homeowners owe more debt than their homes are worth, said Konczal. Not surprisingly, many are trying to pay off that debt, leaving less money to spend on anything else, and that drop in demand is causing high unemployment. He calls it a "balance sheet recession."

Stimulating mortgage demand via the ill-conceived Community Reinvestment Act by and giving Fannie Mae and Freddie Mac the power to create a secondary mortgage market by the Clinton administration is what cause the mortgage bubble!

I say the cure is taking on the unions and over-burdensome business regulation and reviving the manufacturing and R&D sectors!

 

[Truthmatters]

rewrite these mortgages.

Make the banks who wrote them take the bigger slice of the loss.

it will cycle through much faster and people will be freed up to spend money they have had to use to pay these unsustainable mortgages.


The right leaning house refuses to fix this and would rather use our system for their election purposes intead of fixng things

"Make the banks who wrote them take the bigger slice of the loss" - how about this you stupid communist - how about the people who asked for the loan, took the loan, and promised to pay the loan back take the bigger slice of the loss?

You Democrats caused the problem - the House is just preventing you from collapsing us further. You're just pissed that they won't institute your Communist ideology.

It's not governments job to bail you stupid liberals out of your own bad decisions. And if it weren't for Bill Clinton and the liberals in the first place, the free market would have stopped you from your own stpuid decisions. You took the loan - you pay it back! Personal Responsibility (imagine that you stupid fucking communist).

tell us what that SEC release means

 

[Rat in the Hat]

You dont even understand the implications of the SEC release.


It tells the whole fucking story in that one release.

your idiots

Leave my idiots out of this, racist.