Trump on Housing Crisis: "I Sort of Hope it Happens..."

[georgephillip]

Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?

https://www.amazon.com/Homewreckers...953&creativeASIN=0062869531&tag=ff0d01-20

"Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."

"KIRKUS REVIEW

"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

"The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.

"Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."

It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.

Too Much Winning or Drain the Swamp?

Mr. Trump was prepared to act on bad news, that's what people do. Someone had to buy the foreclosed properties, who do you think should have.

Trump wasn't part of the government then, just a private citizen, he was in no position to orchestrate the financial panic that benefited the Democrat Party.

rump wasn't part of the government then, just a private citizen, he was in no position to orchestrate the financial panic that benefited the Democrat Party

Unless you have seen Trump's financial documents from that period in time, you would have no way of knowing whether he was in a position to orchestrate the Great Recession (which happened on a Republican's watch).

Most beneficiaries of the foreclosure crisis were NOT first-time home buyers who secured a 30 year fixed mortgage. They were corporate landlords who bought up entire neighborhoods and held the homes in shell companies, with the owners' true identities unknown to most new tenants. IOW, exactly the same type of corruption the Trump family has been involved in for at least three generations.

Donald J. Trump was a Democrat in 2007 and 2008,George.

Didn't switch to the GOP until 2011.

Donald J. Trump was a Democrat in 2007 and 2008,George.

Didn't switch to the GOP until 2011

True.
GW Bush was in the White House in 2007 and 2008.

George W. Bush. Bush v. Gore 43 rd President – George W. Bush Economic Policy Entered the White House during an economic recession due to the dot.com. - ppt download

 

[Polishprince]

Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?

https://www.amazon.com/Homewreckers...953&creativeASIN=0062869531&tag=ff0d01-20

"Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."

"KIRKUS REVIEW

"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

"The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.

"Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."

It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.

Too Much Winning or Drain the Swamp?

Mr. Trump was prepared to act on bad news, that's what people do. Someone had to buy the foreclosed properties, who do you think should have.

Trump wasn't part of the government then, just a private citizen, he was in no position to orchestrate the financial panic that benefited the Democrat Party.

rump wasn't part of the government then, just a private citizen, he was in no position to orchestrate the financial panic that benefited the Democrat Party

Unless you have seen Trump's financial documents from that period in time, you would have no way of knowing whether he was in a position to orchestrate the Great Recession (which happened on a Republican's watch).

Most beneficiaries of the foreclosure crisis were NOT first-time home buyers who secured a 30 year fixed mortgage. They were corporate landlords who bought up entire neighborhoods and held the homes in shell companies, with the owners' true identities unknown to most new tenants. IOW, exactly the same type of corruption the Trump family has been involved in for at least three generations.

Donald J. Trump was a Democrat in 2007 and 2008,George.

Didn't switch to the GOP until 2011.

Donald J. Trump was a Democrat in 2007 and 2008,George.

Didn't switch to the GOP until 2011

True.
GW Bush was in the White House in 2007 and 2008.

George W. Bush. Bush v. Gore 43 rd President – George W. Bush Economic Policy Entered the White House during an economic recession due to the dot.com. - ppt download

Trump wasn't a Republican at the time.

And George W. Bush is a Hillary Clinton supporter and is in a relationship with Michelle Obama.

 

[georgephillip]

The TDS of this far left nut again.

Why?

Its all bullshit, or it wouldn't be behind closed doors, with selective leaking.

Its all bullshit, or it wouldn't be behind closed doors, with selective leaking.

Some of the evidence currently being collected behind closed doors has national security implications. Trump will have his day in public court if Moscow Mitch decides to allow the Senate trial to proceed.

 

[Polishprince]

The TDS of this far left nut again.

Why?

Its all bullshit, or it wouldn't be behind closed doors, with selective leaking.

Its all bullshit, or it wouldn't be behind closed doors, with selective leaking.

Some of the evidence currently being collected behind closed doors has national security implications. Trump will have his day in public court if Moscow Mitch decides to allow the Senate trial to proceed.

Is the Pencil Necked Geek planning a secret impeachment vote so D's from moderate districts can vote without being held to account?

 

[georgephillip]

Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?

https://www.amazon.com/Homewreckers...953&creativeASIN=0062869531&tag=ff0d01-20

"Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."

"KIRKUS REVIEW

"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

"The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.

"Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."

It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.

Too Much Winning or Drain the Swamp?

Trump had nothing to do with the collapse of the housing bubble in 2007

That was caused by do-gooder liberals who insisted that banks loan money to poor people who cpuld not make their house payments

And there was nothing corrupt about a smart operator like Trump taking advantage of the situation. A situation he had no hand in creating.

And there was nothing corrupt about a smart operator like Trump taking advantage of the situation. A situation he had no hand in creating.

Trump and other capitalists lobbied congress for years to deregulate financial services in ways that would extend mortgages to buyers they knew would be incapable of repaying those loans. Once the inevitable foreclosures began to increase, Trump and his cohorts began buying up massive amounts of properties primarily as rental units which is one reason why apartments like the one I live in today rented for $375 a month in 1995 and currently rent for $1150 per month.

 

[jc456]

Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?

https://www.amazon.com/Homewreckers...953&creativeASIN=0062869531&tag=ff0d01-20

"Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."

"KIRKUS REVIEW

"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

"The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.

"Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."

It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.

Too Much Winning or Drain the Swamp?

why wouldn't he have? he's a businessman. are you okay?

why wouldn't he have? he's a businessman. are you okay?

He's a vulture capitalist who bribed Republicans AND Democrats to lower the lending standards in order to ensure mortgages would be extended to people incapable of repaying those loans.

He then positioned himself to profit from foreclosures he knew would be forthcoming.

Is that capitalism or corruption?

Capitalism

 

[jc456]

Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?

https://www.amazon.com/Homewreckers...953&creativeASIN=0062869531&tag=ff0d01-20

"Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."

"KIRKUS REVIEW

"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

"The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.

"Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."

It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.

Too Much Winning or Drain the Swamp?

Trump had nothing to do with the collapse of the housing bubble in 2007

That was caused by do-gooder liberals who insisted that banks loan money to poor people who cpuld not make their house payments

And there was nothing corrupt about a smart operator like Trump taking advantage of the situation. A situation he had no hand in creating.

And there was nothing corrupt about a smart operator like Trump taking advantage of the situation. A situation he had no hand in creating.

Trump and other capitalists lobbied congress for years to deregulate financial services in ways that would extend mortgages to buyers they knew would be incapable of repaying those loans. Once the inevitable foreclosures began to increase, Trump and his cohorts began buying up massive amounts of properties primarily as rental units which is one reason why apartments like the one I live in today rented for $375 a month in 1995 and currently rent for $1150 per month.

Link

 

[jc456]

QUOTE="Polishprince, post: 23304925, member: 57771"]

The TDS of this far left nut again.

Why?

Its all bullshit, or it wouldn't be behind closed doors, with selective leaking.[/QUOTE]


^^^^^^^^^^And that’s a fking FACT

 

[keepitreal]

Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?

https://www.amazon.com/Homewreckers...953&creativeASIN=0062869531&tag=ff0d01-20

"Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."

"KIRKUS REVIEW

"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

"The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.

"Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."

It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.

Too Much Winning or Drain the Swamp?

"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

Yeah, lenders LOVE it when people default on their loans. DURR
Banks lost trillions.
Moron.

Yeah, banks lost Trillions of people's savings

And, actually, lenders do love it
when people default on their loans.
Just not when it's so many at the same time

 

[Toddsterpatriot]

Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?

https://www.amazon.com/Homewreckers...953&creativeASIN=0062869531&tag=ff0d01-20

"Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."

"KIRKUS REVIEW

"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

"The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.

"Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."

It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.

Too Much Winning or Drain the Swamp?

"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

Yeah, lenders LOVE it when people default on their loans. DURR
Banks lost trillions.
Moron.

Yeah, banks lost Trillions of people's savings

And, actually, lenders do love it
when people default on their loans.
Just not when it's so many at the same time

Yeah, banks lost Trillions of people's savings

Which savers lost any money? FDIC, remember?

 

[georgephillip]

The TDS of this far left nut again.

Why?

Its all bullshit, or it wouldn't be behind closed doors, with selective leaking.

Its all bullshit, or it wouldn't be behind closed doors, with selective leaking.

Some of the evidence currently being collected behind closed doors has national security implications. Trump will have his day in public court if Moscow Mitch decides to allow the Senate trial to proceed.

Is the Pencil Necked Geek planning a secret impeachment vote so D's from moderate districts can vote without being held to account?

Is the Pencil Necked Geek planning a secret impeachment vote so D's from moderate districts can vote without being held to account?

Is a floor vote public or private?

How the Impeachment Process Works

"In both the Nixon and the Clinton cases, the House Judiciary Committee first held an investigation and recommended articles of impeachment to the full House. In theory, however, the House of Representatives could instead set up a special panel to handle the proceedings — or just hold a floor vote on such articles without any committee vetting them..."

"Next, the proceedings move to the Senate, which is to hold a trial overseen by the chief justice of the United States.

"A team of lawmakers from the House, known as managers, play the role of prosecutors.

"The president has defense lawyers, and the Senate serves as the jury."

Do you expect fat-ass Trump to testify UNDER OATH in his own defense?

 

[georgephillip]

QUOTE="Polishprince, post: 23304925, member: 57771"]

The TDS of this far left nut again.

Why?

Its all bullshit, or it wouldn't be behind closed doors, with selective leaking.

^^^^^^^^^^And that’s a fking FACT[/QUOTE]

Its all bullshit, or it wouldn't be behind closed doors, with selective leaking.

^^^^^^^^^^And that’s a fking FACT[/QUOTE]
The current House investigation is analogous to Grand Jury deliberations. They are conducted in private so that witnesses have no way of knowing what what was said during previous testimony. Trump will have his day in public, but I doubt very much if he has the courage/intelligence to testify in his own defense assuming Moscow Mitch decides to permit a Senate trial?

 

[jc456]

QUOTE="Polishprince, post: 23304925, member: 57771"]

The TDS of this far left nut again.

Why?

Its all bullshit, or it wouldn't be behind closed doors, with selective leaking.

^^^^^^^^^^And that’s a fking FACT

Its all bullshit, or it wouldn't be behind closed doors, with selective leaking.

^^^^^^^^^^And that’s a fking FACT[/QUOTE]
The current House investigation is analogous to Grand Jury deliberations. They are conducted in private so that witnesses have no way of knowing what what was said during previous testimony. Trump will have his day in public, but I doubt very much if he has the courage/intelligence to testify in his own defense assuming Moscow Mitch decides to permit a Senate trial?[/QUOTE]

you'd lose your mutsack if that were republicans. thanks for playing hypocrites for 50.

 

[georgephillip]

Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?

https://www.amazon.com/Homewreckers...953&creativeASIN=0062869531&tag=ff0d01-20

"Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."

"KIRKUS REVIEW

"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

"The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.

"Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."

It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.

Too Much Winning or Drain the Swamp?

why wouldn't he have? he's a businessman. are you okay?

why wouldn't he have? he's a businessman. are you okay?

He's a vulture capitalist who bribed Republicans AND Democrats to lower the lending standards in order to ensure mortgages would be extended to people incapable of repaying those loans.

He then positioned himself to profit from foreclosures he knew would be forthcoming.

Is that capitalism or corruption?

Capitalism

Capitalism

"Corruption is endemic to the capitalist system and has not been successfully regulated away. Perhaps a system change is warranted?"

Political Corruption and Capitalism

 

[Mac-7]

Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?

https://www.amazon.com/Homewreckers...953&creativeASIN=0062869531&tag=ff0d01-20

"Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."


"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

"The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.

"Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."

It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.

Too Much Winning or Drain the Swamp?

Oh the horror. Eleven years ago Trump was one of about a billion real estate businessmen who saw the housing collapse as an opportunity to buy low and sell high. Hold the fucking presses. He would have been one hell of a sucky businessman and CEO if he had passed up that opportunity.

I mean, it's not like Trump is the one that put these people in homes they couldn't afford, foreclosed on them or kicked them in the streets! The democrats did.

You know George, I hear that in the 9th grade, Trump also used to dip girl's pigtails into inkwells!

I mean, it's not like Trump is the one that put these people in homes they couldn't afford, foreclosed on them or kicked them in the streets! The democrats did.

Republicans AND Democrats took bribes from parasites like Trump and Barrack to provide loans to Americans they knew were virtually impossible to repay

Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?

https://www.amazon.com/Homewreckers...953&creativeASIN=0062869531&tag=ff0d01-20

"Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."

"KIRKUS REVIEW

"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

"The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.

"Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."

It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.

Too Much Winning or Drain the Swamp?

Trump had nothing to do with the collapse of the housing bubble in 2007

That was caused by do-gooder liberals who insisted that banks loan money to poor people who cpuld not make their house payments

Trump had nothing to do with the collapse of the housing bubble in 2007

That was caused by do-gooder liberals who insisted that banks loan money to poor people who cpuld not make their house payments

You believe real estate speculators played no role in creating the Great Recession?

You believe real estate speculators played no role in creating the Great Recession?

Very little if any

The crisis was caused by lending to unqualified borrowers in low income or marginal neighborhoods that was mandated by the clinton administration

Trump was not involved in that

You believe real estate speculators played no role in creating the Great Recession?

Very little if any

The crisis was caused by lending to unqualified borrowers in low income or marginal neighborhoods that was mandated by the clinton administration

Trump was not involved in that

Real estate speculators like Trump drove the "speculative fever" that induced politicians in both parties to loosen regulations in order to profitably extend mortgages to unqualified buyers.

Causes of the United States housing bubble - Wikipedia

"As median home prices began to rise dramatically in 2000–2001 following the fall in interest rates, speculative purchases of homes also increased.[116]

"Fortune magazine's article on housing speculation in 2005 said, 'America was awash in a stark, raving frenzy that looked every bit as crazy as dot-com stocks.'[117]

"In a 2006 interview in BusinessWeek magazine, Yale economist Robert Shiller said of the impact of speculators on long term valuations, 'I worry about a big fall because prices today are being supported by a speculative fever',[118] and former NAR chief economist David Lereah said in 2005 that '[t]here's a speculative element in home buying now.'"

Real estate speculators like Trump drove the "speculative fever" that induced politicians in both parties to loosen regulations in order to profitably extend mortgages to unqualified buyers.

Thats a lie

Trump deals in hotels, office buildings, golf courses

Not low income housing

 

[jc456]

Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?

https://www.amazon.com/Homewreckers...953&creativeASIN=0062869531&tag=ff0d01-20

"Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."

"KIRKUS REVIEW

"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

"The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.

"Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."

It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.

Too Much Winning or Drain the Swamp?

why wouldn't he have? he's a businessman. are you okay?

why wouldn't he have? he's a businessman. are you okay?

He's a vulture capitalist who bribed Republicans AND Democrats to lower the lending standards in order to ensure mortgages would be extended to people incapable of repaying those loans.

He then positioned himself to profit from foreclosures he knew would be forthcoming.

Is that capitalism or corruption?

Capitalism

Capitalism

"Corruption is endemic to the capitalist system and has not been successfully regulated away. Perhaps a system change is warranted?"

Political Corruption and Capitalism

then DC is corrupt? I agree.

 

[Toddsterpatriot]

Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?

https://www.amazon.com/Homewreckers...953&creativeASIN=0062869531&tag=ff0d01-20

"Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."

"KIRKUS REVIEW

"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

"The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.

"Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."

It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.

Too Much Winning or Drain the Swamp?

why wouldn't he have? he's a businessman. are you okay?

why wouldn't he have? he's a businessman. are you okay?

He's a vulture capitalist who bribed Republicans AND Democrats to lower the lending standards in order to ensure mortgages would be extended to people incapable of repaying those loans.

He then positioned himself to profit from foreclosures he knew would be forthcoming.

Is that capitalism or corruption?

Capitalism

Capitalism

"Corruption is endemic to the capitalist system and has not been successfully regulated away. Perhaps a system change is warranted?"

Political Corruption and Capitalism

No corruption in Communism, eh comrade?

 

[Mac-7]

Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?

https://www.amazon.com/Homewreckers...953&creativeASIN=0062869531&tag=ff0d01-20

"Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."

"KIRKUS REVIEW

"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

"The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.

"Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."

It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.

Too Much Winning or Drain the Swamp?

Trump had nothing to do with the collapse of the housing bubble in 2007

That was caused by do-gooder liberals who insisted that banks loan money to poor people who cpuld not make their house payments

And there was nothing corrupt about a smart operator like Trump taking advantage of the situation. A situation he had no hand in creating.

And there was nothing corrupt about a smart operator like Trump taking advantage of the situation. A situation he had no hand in creating.

Trump and other capitalists lobbied congress for years to deregulate financial services in ways that would extend mortgages to buyers they knew would be incapable of repaying those loans. Once the inevitable foreclosures began to increase, Trump and his cohorts began buying up massive amounts of properties primarily as rental units which is one reason why apartments like the one I live in today rented for $375 a month in 1995 and currently rent for $1150 per month.

Trump and other capitalists lobbied congress for years to deregulate financial services in ways that would extend mortgages to buyers they knew would be incapable of repaying those loans.

Thats fake news

Better known as a lie

Show us the evidence that trump lobbied congress to enact the bill clinton/janet reno demand that banks make risky loans to low income voters

 

[mudwhistle]

Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?

https://www.amazon.com/Homewreckers...953&creativeASIN=0062869531&tag=ff0d01-20

"Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."

"KIRKUS REVIEW

"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

"The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.

"Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."

It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.

Too Much Winning or Drain the Swamp?

Hilarious.
Your tactics never change.

It's getting more and more difficult for you to lie these days.

Nevermind the fact that Democrats caused the housing collapse in the first place....and succeeded in blaming it on Bush.

I don't think wishing for a recession at the same time you're attacking your opponent for causing one is very smart.

 

[georgephillip]

Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?

https://www.amazon.com/Homewreckers...953&creativeASIN=0062869531&tag=ff0d01-20

"Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."

"KIRKUS REVIEW

"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

"The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.

"Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."

It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.

Too Much Winning or Drain the Swamp?

Trump had nothing to do with the collapse of the housing bubble in 2007

That was caused by do-gooder liberals who insisted that banks loan money to poor people who cpuld not make their house payments

And there was nothing corrupt about a smart operator like Trump taking advantage of the situation. A situation he had no hand in creating.

And there was nothing corrupt about a smart operator like Trump taking advantage of the situation. A situation he had no hand in creating.

Trump and other capitalists lobbied congress for years to deregulate financial services in ways that would extend mortgages to buyers they knew would be incapable of repaying those loans. Once the inevitable foreclosures began to increase, Trump and his cohorts began buying up massive amounts of properties primarily as rental units which is one reason why apartments like the one I live in today rented for $375 a month in 1995 and currently rent for $1150 per month.

Link

Link

http://cepr.net/documents/publications/dereg-timeline-2009-07.pdf

"1996, Fed Reinterprets Glass-Steagall – Federal Reserve reinterprets the Glass-Steagall Act several times, eventually allowing bank holding companies to earn up to 25 percent of their revenues in investment banking. • 1998, Citicorp-Travelers Merger – Citigroup, Inc. merges a commercial bank with an insurance company that owns an investment bank to form the world’s largest financial services company. • 1999, Gramm-Leach-Bliley Act – With support from Fed Chairman Greenspan, Treasury Secretary Rubin and his successor Lawrence Summers, the bill repeals the Glass-Steagall Act completely. • 2000, Commodity Futures Modernization Act – Passed with support from the Clinton Administration, including Treasury Secretary Lawrence Summers, and bi-partisan support in Congress. The bill prevented the Commodity Futures Trading Commission from regulating most over-the-counter derivative contracts, including credit default swaps. • 2004, Voluntary Regulation – The SEC proposes a system of voluntary regulation under the Consolidated Supervised Entities program, allowing investment banks to hold less capital in reserve and increase leverage. • 2007, Subprime Mortgage Crisis – Defaults on subprime loans send shockwaves throughout the secondary mortgage market and the entire financial system."