Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
Sure tell win matter is getting punished, all she can do is name call. She is funny.
dear fucking idiots the fact is CRA did not generate the bulk of the bad loans.
Why did institutions who were not covered by CRA write shitloads of sub prime?
to make money you assholes
Why is it bad for a bank to make money, but it's OK for you to make money on your rental homes?
Is making money only acceptable when you do it?
Sure tell win matter is getting punished, all she can do is name call. She is funny.
dear idiot pud puller,
I keep giving facts and your dumb ass can only understand it the insults that come so deservingly with them.
but you cant see facts
please explain in your own words what that SEC release means
How was all that credit available to those people who could not afford the assets? Was that the banks too?
dear fucking idiots the fact is CRA did not generate the bulk of the bad loans.
Why did institutions who were not covered by CRA write shitloads of sub prime?
to make money you assholes
Why is it bad for a bank to make money, but it's OK for you to make money on your rental homes?
Is making money only acceptable when you do it?
WTF, she is making money on her rental property? She should gives those properties to those poor people. Why should she be allowed to prosper while others suffer? That is not fair!
dear fucking idiot.
what was that SEC release about?
I have no idea, why not tell us, and then tell us why its important?
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.
During the derth of regulations determining who could be a broker while these rules were held up purposely by the Bush SEC the banks got JUST WHAT THEY WANTED and were able to hire whomever they wanted to be a broker, they got to train them however they wanted them to perform.
The Bush SEC gamed the GLB act so that the protections designed in it could be stalled.
This is why it got backed by dems and signed by Clinton ( the protections)
This way the right was able to get EVERYTHING they wanted and NONE of the rules they didnt like.
It meant a bank could train whomever they wanted and however they wanted them to sell them.
It meant a broker could no longer lose their liecense by selling a security that did not contain what they claimed it contained ( triple aaa rated mortgages).
In the past a broker who sold trash would lose their carreer.
Not after GLB act passed and Bush SEC held up the broker rules.
Your party gamed the system.
it resulted in a fucking huge assed mess
Sure tell win matter is getting punished, all she can do is name call. She is funny.
dear idiot pud puller,
I keep giving facts and your dumb ass can only understand the insults that come so deservingly with them.
but you cant see facts
please explain in your own words what that SEC release means
I have no idea, why not tell us, and then tell us why its important?
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.
During the derth of regulations determining who could be a broker while these rules were held up purposely by the Bush SEC the banks got JUST WHAT THEY WANTED and were able to hire whomever they wanted to be a broker, they got to train them however they wanted them to perform.
The Bush SEC gamed the GLB act so that the protections designed in it could be stalled.
This is why it got backed by dems and signed by Clinton ( the protections)
This way the right was able to get EVERYTHING they wanted and NONE of the rules they didnt like.
It meant a bank could train whomever they wanted and however they wanted them to sell them.
It meant a broker could no longer lose their liecense by selling a security that did not contain what they claimed it contained ( triple aaa rated mortgages).
In the past a broker who sold trash would lose their carreer.
Not after GLB act passed and Bush SEC held up the broker rules.
Your party gamed the system.
it resulted in a fucking huge assed mess
keep reading it until you understand it well enough to discuss it
Why is it bad for a bank to make money, but it's OK for you to make money on your rental homes?
Is making money only acceptable when you do it?
WTF, she is making money on her rental property? She should gives those properties to those poor people. Why should she be allowed to prosper while others suffer? That is not fair!
Amazing, isn't it. She whines about others making money off of real estate, yet she won't rent hers out on a cost-only basis.
WTF, she is making money on her rental property? She should gives those properties to those poor people. Why should she be allowed to prosper while others suffer? That is not fair!
Amazing, isn't it. She whines about others making money off of real estate, yet she won't rent hers out on a cost-only basis.
dear fucking doodle wack boy,
they cheated you fucking idiot.
making money is fine but most Americans dont like being lied to and ripped fucking off
WTF, she is making money on her rental property? She should gives those properties to those poor people. Why should she be allowed to prosper while others suffer? That is not fair!
Amazing, isn't it. She whines about others making money off of real estate, yet she won't rent hers out on a cost-only basis.
dear fucking doodle wack boy,
they cheated you fucking idiot.
making money is fine but most Americans dont like being lied to and ripped fucking off
How was all that credit available to those people who could not afford the assets? Was that the banks too?
you dont even understand the facts you have been given already
After thousands of partisan hack posts it looks like TM has stumbled upon "mortgaged backed securities" and "derivatives". Will she see that the bankers that created them own both parties or will she continue to be a political hack?no it was due the industry being deregulated and then using that deregulation to pull a fast one by selling worthless mortgages and then rolling them into securities and selling them to buyers who had no way of knowing they were packed with worhtless mortgages.
The banks caused this and should fucking pay the cost of fixing it
please explain what the SEC release means you fucking pud wackers
