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

[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?

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."

Banks didn't need investment banking to lose money on crappy mortgages.

 

[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?

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."

I'm not an expert in banking, by any stretch of the imagination, thanks for your citations here.

Regardless of whether you think American banking laws are too strict, not strict enough, or just right, whether you assign blame for the 2008 financial panic on our banking laws or not, the facts are that we do have complex laws for the kind of businesses and loans that US banks can engage in. The idea behind the laws seems solid. If the federal government is going to guarantee bank deposits, they should have some say in how risky the business is going to be. State Farm, for example, would be pissed if an insurance customer was having dog fights in their insured premises.

This is why President Trump goes to places like Deutsche Bank, places not subject to US banking laws , for some of his more risky propositions. It isn't that US Banks know him, or that he beats people on loans. Its just banking laws, which prohibit banks from making loans on things that are too "risky"

 

[Indeependent]

Why would you take the time & energy to go in a bank fill out tedious paper work & not take the loan?

I did take a loan, just for a lot less than what the bank determined I was "good for".

Me too; In was offered 600K and took 200K.

 

[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

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

^^^^^^^^^^And that’s a fking FACT

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.[/QUOTE]
Your boys are all going to prison

Giuliani Has Been Under Investigation by Federal Prosecutors for Months

"This doesn’t appear to have arisen just because of Trump’s infamous quid pro quo phone call with Ukraine’s president or the arrests of Parnas and Fruman.

"Rather, Giuliani has been under investigation since August of this year, before news of the phone call broke. The Journal wasn’t able to determine the full scope of the investigation, however.

"When asked for a comment about his Ukraine dealings, Giuliani told the Journal that prosecutors 'can look at my Ukraine business all they want.'

"Of course, that stands in contradiction to his refusal, thus far, to even say if he’d comply with a subpoena from the House of Representatives over that Ukraine business. Tuesday is the deadline for Giuliani to comply"

 

[martybegan]

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?

Your post is designed to make it seem like he just said it, and also makes it seem like it is talking about the current housing issues (brought on by progressives in large urban centers) and not the 2008 financial crisis.

Why do you have to make shit up or present information falsely to make your point?

 

[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

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?

you'd lose your mutsack if that were republicans. thanks for playing hypocrites for 50.[/QUOTE]
Your boys are all going to prison

Giuliani Has Been Under Investigation by Federal Prosecutors for Months

"This doesn’t appear to have arisen just because of Trump’s infamous quid pro quo phone call with Ukraine’s president or the arrests of Parnas and Fruman.

"Rather, Giuliani has been under investigation since August of this year, before news of the phone call broke. The Journal wasn’t able to determine the full scope of the investigation, however.

"When asked for a comment about his Ukraine dealings, Giuliani told the Journal that prosecutors 'can look at my Ukraine business all they want.'

"Of course, that stands in contradiction to his refusal, thus far, to even say if he’d comply with a subpoena from the House of Representatives over that Ukraine business. Tuesday is the deadline for Giuliani to comply"[/QUOTE]

It's amazing, you can post that everyday, doesn't make anything fact. I'm laughing at you as you can see.. ongoing hilarity

 

[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?

Your post is designed to make it seem like he just said it, and also makes it seem like it is talking about the current housing issues (brought on by progressives in large urban centers) and not the 2008 financial crisis.

Why do you have to make shit up or present information falsely to make your point?

cause he's got nothing?

 

[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

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."

trump legislated all of that? hly fk, I never thought the guy was in congress. well fk me.

And he replaced the Fed Chair? hly mthr fk, wow!!!!

 

[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

No corruption in Communism, eh comrade?

No corruption in Communism, eh comrade?

Clean your own house, Kulak.

 

[jc456]

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?

No corruption in Communism, eh comrade?

Clean your own house, Kulak.

fks like you are scary. you have no grasp of society.

 

[georgephillip]

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."

Banks didn't need investment banking to lose money on crappy mortgages.

Banks didn't need investment banking to lose money on crappy mortgages.

Good thing the Fed was there to reimburse investment banks for their epidemic of mortgage fraud:

News Articles on the Fed’s Secret Trillions in Loans to Wall Street During the Last Crisis Have Been Purged from Bloomberg News

"That appeal failed as well and the Fed was forced to release its data in 2011.

"When all of its bailout programs were tallied up, the tab came to a staggering, cumulative $29 trillion – all transacted without the involvement or awareness of anyone elected to office by the American people. Congress remained in the dark throughout this period as trillions of dollars were sluiced to Wall Street, foreign banks, insolvent banks, even hedge funds that were shorting (betting against) the market."

 

[georgephillip]

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

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

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?

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

Your boys are all going to prison

Giuliani Has Been Under Investigation by Federal Prosecutors for Months

"This doesn’t appear to have arisen just because of Trump’s infamous quid pro quo phone call with Ukraine’s president or the arrests of Parnas and Fruman.

"Rather, Giuliani has been under investigation since August of this year, before news of the phone call broke. The Journal wasn’t able to determine the full scope of the investigation, however.

"When asked for a comment about his Ukraine dealings, Giuliani told the Journal that prosecutors 'can look at my Ukraine business all they want.'

"Of course, that stands in contradiction to his refusal, thus far, to even say if he’d comply with a subpoena from the House of Representatives over that Ukraine business. Tuesday is the deadline for Giuliani to comply"[/QUOTE]

It's amazing, you can post that everyday, doesn't make anything fact. I'm laughing at you as you can see.. ongoing hilarity[/QUOTE]
Anyone goofy enough to believe Trump's a corruption fighter is way beyond funny

Donald Trump's sudden fixation on 'investigating corruption' in Ukraine doesn't add up - CNNPolitics

"Trump defended Manafort, who made millions from Ukraine. Trump has defended and expressed sympathy for his former campaign chairman Paul Manafort, who spent a decade working for former Ukrainian President Viktor Yanukovych. After Yanukovych's ouster in 2014, the new government accused him of looting billions of dollars from Ukrainian coffers. Manafort is currently in prison for tax fraud after hiding his Ukraine income in offshore accounts."

 

[jc456]

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

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?

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

Your boys are all going to prison

Giuliani Has Been Under Investigation by Federal Prosecutors for Months

"This doesn’t appear to have arisen just because of Trump’s infamous quid pro quo phone call with Ukraine’s president or the arrests of Parnas and Fruman.

"Rather, Giuliani has been under investigation since August of this year, before news of the phone call broke. The Journal wasn’t able to determine the full scope of the investigation, however.

"When asked for a comment about his Ukraine dealings, Giuliani told the Journal that prosecutors 'can look at my Ukraine business all they want.'

"Of course, that stands in contradiction to his refusal, thus far, to even say if he’d comply with a subpoena from the House of Representatives over that Ukraine business. Tuesday is the deadline for Giuliani to comply"

It's amazing, you can post that everyday, doesn't make anything fact. I'm laughing at you as you can see.. ongoing hilarity[/QUOTE]
Anyone goofy enough to believe Trump's a corruption fighter is way beyond funny

Donald Trump's sudden fixation on 'investigating corruption' in Ukraine doesn't add up - CNNPolitics

"Trump defended Manafort, who made millions from Ukraine. Trump has defended and expressed sympathy for his former campaign chairman Paul Manafort, who spent a decade working for former Ukrainian President Viktor Yanukovych. After Yanukovych's ouster in 2014, the new government accused him of looting billions of dollars from Ukrainian coffers. Manafort is currently in prison for tax fraud after hiding his Ukraine income in offshore accounts."[/QUOTE]
FLASHBACK, 2018: Joe Biden Brags At CFR Meeting About Withholding Aid To Ukraine To Force Firing Of Prosecutor

 

[Toddsterpatriot]

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."

Banks didn't need investment banking to lose money on crappy mortgages.

Banks didn't need investment banking to lose money on crappy mortgages.

Good thing the Fed was there to reimburse investment banks for their epidemic of mortgage fraud:

News Articles on the Fed’s Secret Trillions in Loans to Wall Street During the Last Crisis Have Been Purged from Bloomberg News

"That appeal failed as well and the Fed was forced to release its data in 2011.

"When all of its bailout programs were tallied up, the tab came to a staggering, cumulative $29 trillion – all transacted without the involvement or awareness of anyone elected to office by the American people. Congress remained in the dark throughout this period as trillions of dollars were sluiced to Wall Street, foreign banks, insolvent banks, even hedge funds that were shorting (betting against) the market."

Good thing the Fed was there to reimburse investment banks for their epidemic of mortgage fraud:

Short term loans didn't reimburse anyone for any losses. Silly twat.

 

[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."


"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

Thats a lie

Trump deals in hotels, office buildings, golf courses

Not low income housing

You have no way of knowing what Trump owns:

How Donald Trump's Kids Have Profited Off Their Dad's Presidency

"Days before his inauguration in 2016, Donald Trump announced that he had given 'complete and total' control of the Trump Organization to Don Jr. and Eric..."

"Since then, Forbes says, the brothers have sold off more than $100 million worth of Trump Organization real estate.

"That figure includes a $33 million sale of the company’s stake in a federally subsidized housing complex—a transaction Secretary of House & Urban Development Ben Carson had to approve—and a $3.2 million sale of land in the Dominican Republic last year, which Forbes called 'the clearest violation of their father’s pledge to do no new foreign deals while in office.'"

 

[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."


"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

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

Thats a lie

Trump deals in hotels, office buildings, golf courses

Not low income housing

You have no way of knowing what Trump owns:

How Donald Trump's Kids Have Profited Off Their Dad's Presidency

"Days before his inauguration in 2016, Donald Trump announced that he had given 'complete and total' control of the Trump Organization to Don Jr. and Eric..."

"Since then, Forbes says, the brothers have sold off more than $100 million worth of Trump Organization real estate.

"That figure includes a $33 million sale of the company’s stake in a federally subsidized housing complex—a transaction Secretary of House & Urban Development Ben Carson had to approve—and a $3.2 million sale of land in the Dominican Republic last year, which Forbes called 'the clearest violation of their father’s pledge to do no new foreign deals while in office.'"

Don Jr. and Eric aren't the President, they aren't on the public payroll. Why should they be restricted in their dealings?

President Trump isn't doing any dealings at all, except for we, the American People.

 

[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."


"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

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

Thats a lie

Trump deals in hotels, office buildings, golf courses

Not low income housing

You have no way of knowing what Trump owns:

How Donald Trump's Kids Have Profited Off Their Dad's Presidency

"Days before his inauguration in 2016, Donald Trump announced that he had given 'complete and total' control of the Trump Organization to Don Jr. and Eric..."

"Since then, Forbes says, the brothers have sold off more than $100 million worth of Trump Organization real estate.

"That figure includes a $33 million sale of the company’s stake in a federally subsidized housing complex—a transaction Secretary of House & Urban Development Ben Carson had to approve—and a $3.2 million sale of land in the Dominican Republic last year, which Forbes called 'the clearest violation of their father’s pledge to do no new foreign deals while in office.'"

'the clearest violation of their father’s pledge to do no new foreign deals while in office.'

Selling off properties they already own isn't doing a new foreign deal.

 

[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

then DC is corrupt? I agree.

hen DC is corrupt? I agree.

DC is corrupted by capitalism:

How Donald Trump's Kids Have Profited Off Their Dad's Presidency

"Individual capitalists act to corrupt government officials to serve their enterprise’s needs.

"Grouped into associations, they do likewise for their industries.

"When organized as a whole (in 'chambers of commerce' or 'manufacturers alliances,' etc.), they corrupt to secure their class interests.

"When such corruption is not secret, capitalists articulate their demands to corrupted officials as 'good for the economy or society as a whole.'

"Such phrases constitute the 'appropriate language' that enables officials publicly to disguise and hopefully to legitimate their corrupt acts."

Political Corruption and Capitalism

 

[Polishprince]

What President Trump set up with his real estate holdings is a situation very close to what they call a "blind trust". He isn't making any private business deals, but has instead turned over the full reigns of his empire to the two most qualified young men he could find.

The only difference between the Trump Blind Trust and other blind trusts is that President Trump qualified the trustees, found the best to run the business, as it is his life's work. But Trump had to do it that way, due to the complexity of his enterprise

 

[Polishprince]

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.

hen DC is corrupt? I agree.

DC is corrupted by capitalism:

How Donald Trump's Kids Have Profited Off Their Dad's Presidency

"Individual capitalists act to corrupt government officials to serve their enterprise’s needs.

"Grouped into associations, they do likewise for their industries.

"When organized as a whole (in 'chambers of commerce' or 'manufacturers alliances,' etc.), they corrupt to secure their class interests.

"When such corruption is not secret, capitalists articulate their demands to corrupted officials as 'good for the economy or society as a whole.'

"Such phrases constitute the 'appropriate language' that enables officials publicly to disguise and hopefully to legitimate their corrupt acts."

Political Corruption and Capitalism

Its really disgraceful how the libs have attacked the Trump children. They are showing themselves to be truly Low Lifes.

Quite a difference from the deference shown by conservatives toward B. Hussein O's putative offspring.