Trump's "deregulating" everything is tantamount to.......

[nat4900]

ANARCHY......a state of disorder due to absence or nonrecognition of authority..

Somehow, Trump cultist "think" that the removal of any safeguards for consumers and clients from "kind-hearted and altruistic" companies will be better for the common citizen.
After all, companies' main objective is to do what is morally and ethically best for consumers, and NOT to make huge profits with the least amount of expenditure.....CORRECT, right wingers???

Here's an example.......Health care insurers....as most insurers have managed to BRIBE congress to make them EXEMPT from anti-trust regulations, so that they could be free to COLLUDE on price fixing and completely eliminate competition........basically the ANTITHESIS of capitalistic tenets.

Price fixing, a free hand in polluting, the emergence of scams to defraud, rising costs, abolition of competition, etc. ARE ALL "legally" ushered in through deregulation.

"Thank you" fat, stupid and inept orange clown.....

(It'll take quite a while to undo this idiot's and his cult's screw-ups.)

Trump is Regulating Language Over at the Center for Disease Control so don't say he is against Regulations

Words like ‘fetus, transgender, science-based’ and others have been barred from Trump’s Center for Disease Control
Analysts at the Center for Disease Control’s offices in Atlanta were told on Thursday that they are not allowed to use seven words in official documents pertaining to the next year’s budget.

What a CLOWN.......(even Melania would agree.)

 

[nat4900]

Trump loves regulation

maybe in his bowel movements......

 

[LordBrownTrout]

Except.....he hasn't. Lol. Now, let us know when deregulation really happens so we can celebrate.

Here, have a drink......

That's not taken in U.S.

Of course it isn't. They do this with everything. If I had a dime for every photoshopped polar bear that was floating away on a little ice cube I could pay off our national debt.

 

[nat4900]

I could pay off our national debt.

Use to money to invest in a brain transplant instead, BrownNose........LOL

 

[Rustic]

Na, The last thing I would ever do would be to trust the federal government

You trust the Fed Govt everytime you drive your car, eat food you did not grow/kill yourself, fly in an airplane, put money in a bank, pay your taxes...the list is endless. You are just too stupid to know it.

You watch far too many Hollywood movies... lol
The free market is much better than the federal government at all of those things you mentioned

You keep your head up Trump's ass way too much. All of those things are regulated by the Fed Govt so if you use them or do them you are trusting the Fed Govt. it is really that simple.

The "free market" is an illusion, there never has been one in this country and never will be

Of course there’s no real free market in this country, just like there’s no real freedom in this country

Not a good reason to give away more by voting for trump.

Any sort of freedom cannot exist in a socialist society, socialism is an evil fucking concept. Shit for brains

 

[bripat9643]

It most certainly is not.

Talk about being incredibly naive.

No libertarian would ever make a statist claim like that.

I guess you have never heard the phrase "government of the people, by the people, for the people" before.

Figures, that history would not be a strong suit for you.

Yeah, that was Lincoln's finest piece of propaganda, and it's pure bullshit.

I guess you have never read the Constitution either. Shocking that is not. It starts with "we the people" for a reason.

That's also propaganda, and a lie.

Now I know why you are such a fan of Trump. You both hate the constitution.

Not sure there is anything left for us to discuss. I swore an oath to defend the thing you call a lie.
You are no longer worthy of my time


Sent from my iPhone using USMessageBoard.com

I don't hate the Constitution. I simply acknowledge facts. "We the people" didn't write the Constitution, and "We the people" didn't even get to vote on it. A small group of men wrote it, and a small group of men voted on it. "We the people" is a lie.

You are not a libertarian. They believe in freedom. You believe in government.

 

[bripat9643]

ANARCHY......a state of disorder due to absence or nonrecognition of authority..

Somehow, Trump cultist "think" that the removal of any safeguards for consumers and clients from "kind-hearted and altruistic" companies will be better for the common citizen.
After all, companies' main objective is to do what is morally and ethically best for consumers, and NOT to make huge profits with the least amount of expenditure.....CORRECT, right wingers???

Here's an example.......Health care insurers....as most insurers have managed to BRIBE congress to make them EXEMPT from anti-trust regulations, so that they could be free to COLLUDE on price fixing and completely eliminate competition........basically the ANTITHESIS of capitalistic tenets.

Price fixing, a free hand in polluting, the emergence of scams to defraud, rising costs, abolition of competition, etc. ARE ALL "legally" ushered in through deregulation.

"Thank you" fat, stupid and inept orange clown.....

(It'll take quite a while to undo this idiot's and his cult's screw-ups.)

Trump is Regulating Language Over at the Center for Disease Control so don't say he is against Regulations

Words like ‘fetus, transgender, science-based’ and others have been barred from Trump’s Center for Disease Control
Analysts at the Center for Disease Control’s offices in Atlanta were told on Thursday that they are not allowed to use seven words in official documents pertaining to the next year’s budget.

Since when are you against the President ruling that certain words can't be used? Obama had a long list of them - words like "illegal alien," "Islamic extremism" and "terrorist."

 

[bripat9643]

ANARCHY......a state of disorder due to absence or nonrecognition of authority..

Somehow, Trump cultist "think" that the removal of any safeguards for consumers and clients from "kind-hearted and altruistic" companies will be better for the common citizen.
After all, companies' main objective is to do what is morally and ethically best for consumers, and NOT to make huge profits with the least amount of expenditure.....CORRECT, right wingers???

Here's an example.......Health care insurers....as most insurers have managed to BRIBE congress to make them EXEMPT from anti-trust regulations, so that they could be free to COLLUDE on price fixing and completely eliminate competition........basically the ANTITHESIS of capitalistic tenets.

Price fixing, a free hand in polluting, the emergence of scams to defraud, rising costs, abolition of competition, etc. ARE ALL "legally" ushered in through deregulation.

"Thank you" fat, stupid and inept orange clown.....

(It'll take quite a while to undo this idiot's and his cult's screw-ups.)

Trump is Regulating Language Over at the Center for Disease Control so don't say he is against Regulations

Words like ‘fetus, transgender, science-based’ and others have been barred from Trump’s Center for Disease Control
Analysts at the Center for Disease Control’s offices in Atlanta were told on Thursday that they are not allowed to use seven words in official documents pertaining to the next year’s budget.

Trump loves regulation, do not let him lie to you


Sent from my iPhone using USMessageBoard.com

We know you do, so what are you whining about?

 

[bripat9643]

Marxism: Government owning the means of production
Neo-Socialism: Government regulating(owning) the means of production
It's the same chit

And unregulated Capitalism is the rich regulating the means of production and controlling the government and making you into a slave.

That's called liberalism.

 

[bripat9643]

The fact that unregulated corporations trend to eat up all competition in all industry means that the consumer normally ends up not having any options. This is why our government created the sharmen and clayton anti-trust acts to break them up! Sadly, you fuckers wants to completely fuck the workers and consumer over.

So putting the government (the biggest monopoly on earth) is a solution?

Don't you see the problem there?

 

[bripat9643]

Marxism: Government owning the means of production
Neo-Socialism: Government regulating(owning) the means of production
It's the same chit

And unregulated Capitalism is the rich regulating the means of production and controlling the government and making you into a slave.

Look at India, China or even our history to realize that corporations have NEVER self regulated and don't give a shit about the quality of life of the little guy.

Government has been the only one that has ever gave a shit!

If that's the case, then why have airline accidents declined dramatically despite the fact that the airlines were deregulated? Why were industrial accidents declining steacilybefore the creation of OSHA? Why are electrical appliances so safe despite the complete lack of any government regulations on them?

 

[bripat9643]

Marxism: Government owning the means of production
Neo-Socialism: Government regulating(owning) the means of production
It's the same chit

And unregulated Capitalism is the rich regulating the means of production and controlling the government and making you into a slave.

Look at India, China or even our history to realize that corporations have NEVER self regulated and don't give a shit about the quality of life of the little guy.

Government has been the only one that has ever gave a shit!

And there's a reason why they regulated a lot more after the 1920s, because they learned this was the case and the corporations would destroy themselves.

The reason is the fact that socialism became fashionable after WW I. It had nothing to do with any empirical evidence.

 

[bripat9643]

A flaming river is so wonderful
Food that can kill you is so wonderful
Air that can give you cancer and shorten your life a full decade is so wonderful

we've entered the idiocy

When is the last time you heard about a flaming river?

 

[jknowgood]

Only got seven more years to deal with it.

He's lucky if he gets 7 more months.

That's what you said 10 months ago.

 

[jknowgood]

Only got seven more years to deal with it.

He's lucky if he gets 7 more months.

Snowflake delusions are charming.

yes, so you should stop being delusional, whiny little trumptard snowflake.

How do you like a president, that keeps his promises?

 

[jknowgood]

Only got seven more years to deal with it.

He's lucky if he gets 7 more months.

Snowflake delusions are charming.

yes, so you should stop being delusional, whiny little trumptard snowflake.

I discovered today where the Trump snowflakes get their whininess from. It is from Trump. Did you hear him today? He whined more than a teenage girl who just broke up with her boyfriend. It was pathetic how much Trump whined today.

Lol, did you look in the mirror?

 

[jknowgood]

Only got seven more years to deal with it.

America's long nightmare and we're less than a year in.

That would be, the Obama years. Thank God, President Trump is erasing it.

 

[toobfreak]

Trump's "deregulating" everything is tantamount to......ANARCHY!

Couldn't agree more, Nat! To a Liberal's mind, taking control of the economy back out of the hands of Big Government back into the hands of its private citizens must indeed be "anarchy" to you! Because you Lefties will no longer control, benefit from and regulate it!

 

[Mac1958]

Ah. Okay, well, show me how. It's my profession, I need to stay on top of this kind of thing.
.

Lenders are not in business to lose money. Before politicians stuck their nose in this business perspective buyers had to meet strict loan requirements. Income, income to debt ratio, employment, down payment, and all this had to be verified they just didn't take your word for it. This was the way it worked for decades.

Then politicians looking to get reelected demolished the lending standards. Pressured Fannie and Freddie into lowering their requirements. Look, lenders no longer hold these loans long term they immediately sell the loans to Fannie and Freddie. But prior to interference from politicians Fannie and Freddie refused to purchase risky loans, hence lenders did not make risky loans because they couldn't sell them on the secondary mortgage market.

Trust me on this, politicians screwed the whole thing up then pretended like it wasn't their fault. I still remember Frank the banking chair in congress insisting there was nothing at all wrong at Fannie and Freddie. Then when the housing bubble blew up in his face he was the first one to blame everyone else but himself.

You're focusing on the Fannie & Freddie aspect of this, and there's simply much more to it that has nothing to do with that crap.

The lenders didn't have to worry about losing money, because they were immediately packaging the dog shit sub-prime mortgages into dog shit CMO's and double dog shit CDO's, getting COMPLETELY FRAUDULENT AAA ratings from the ratings agencies who were making a ton literally selling ratings, and POOF, the dog shit was OFF THE BOOKS, sold to some unsuspecting investors who foolishly thought that AAA ratings actually MEANT something. Ha! Dumb shits! Suckers!

Meanwhile, AIG is making a SHITLOAD selling a few hundred billion dollars of CDS's with ZERO (0) actual "money" to back up those bets, to institutions that thought (suckers!) they were hedging their bets on those CDO's and other shit, only to find out that AIG NEVER HAD THE MONEY TO PAY THEM OFF. THEY NEVER HAD THE FUCKING MONEY, YET THEY TOOK THE FEES. WHAT A DEAL! Holy crap, talk about a boffo business model! But that's okay - they called the gubmit, told them they forgot to keep money in reserve (oops!), and got bailed out! How cool is THAT!

Oh yeah, it gets better -- THEN the banks were creating and selling these horrific dog shit CMO's and CDO's and selling them with their phony dog shit AAA ratings, while AT THE SAME TIME they were BUYING CDS's to fucking SHORT THE VERY SHIT THEY WERE SELLING. Brilliant! Win/Win! My personal FAVE was the Goldman Sachs/John Paulson crime partnership that made Paulson $1 billion, GS even more, and fucked over all KINDS of people with shit CDO's that they had PURPOSELY MADE shit CDO's. Whoopee!

So what does ANY of this have to do with Fannie and Freddie? And by the way....

• Why were the ratings agencies getting away with slapping AAA - TREASURY LEVEL - ratings for SHIT securities?
• Why was AIG able to sell hundreds of billions of dollars in swaps with NO RESERVE REQUIREMENTS?
• Why were the creators of these shit securities able to bring them to market in the FIRST PLACE?
• Why were no limits placed on the amount of CDS's that could be bought to transfer risk?
  
• Why were there ZERO controls on the types of debt that were being shoved into these shit securities?
• Why were banks allowed to be in bed with companies that were selling hyper-toxic "synthetic CDO's" with zero fucking oversight?
  
• Why were the banks getting away with manipulating the value of CDS's, as they were buying them themselves?
  
• Why were the banks getting away with SHORTING the very crap securities they were creating and selling?

Because there was no one saying "stop, we need to look at this". That's what a regulator does. In a normal world.

Are you really going to blame the Democrats ALONE for all that? Holy crap, come on.
.

Why were the banks getting away with SHORTING the very crap securities they were creating and selling?

When a bank creates a synthetic CDO for a client, the bank is on the other side of the trade.
So of course they are short the security.
If you buy a call, are you mad because the market maker who sold it to you is short the call he sold you?

How exactly are they fulfilling their fiduciary obligation to the client by doing that?
.

If I go into the IBM pit on the CBOE and I buy 100 July 175 calls for 1.89
the market maker selling me those calls is now short 100 July 175 calls.
Why can he sell me this crap and go short this crap at the same time?

Because he doesn't have any fiduciary responsibility. None. His is a pure supply and demand dynamic. He's only a broker between a buyer and seller. He's not selling securities he created. Goldman Sachs and JP Morgan DO have fiduciary responsibilities to act in their clients' best interests. Just like I do. Only about a trillion zillion times bigger, and an integral part of the economy.

Acting in their clients' best interests? They did not. They literally bet against what they were selling their clients using securities that were not regulated. They created dog shit securities, bought AAA ratings for them, fraudulently sold them based on bogus ratings, then bet against them. They literally, LITERALLY created a market for themselves based on a fraud. Your market maker isn't doing that.

Do you see anything wrong there? And that was just ONE of the scams that was going on.

No regulation of the securities. No regulation of the AAA ratings they were given. No regulation of their behavior once they had them. THAT'S the problem. THAT'S what happened.
.

 

[bripat9643]

Lenders are not in business to lose money. Before politicians stuck their nose in this business perspective buyers had to meet strict loan requirements. Income, income to debt ratio, employment, down payment, and all this had to be verified they just didn't take your word for it. This was the way it worked for decades.

Then politicians looking to get reelected demolished the lending standards. Pressured Fannie and Freddie into lowering their requirements. Look, lenders no longer hold these loans long term they immediately sell the loans to Fannie and Freddie. But prior to interference from politicians Fannie and Freddie refused to purchase risky loans, hence lenders did not make risky loans because they couldn't sell them on the secondary mortgage market.

Trust me on this, politicians screwed the whole thing up then pretended like it wasn't their fault. I still remember Frank the banking chair in congress insisting there was nothing at all wrong at Fannie and Freddie. Then when the housing bubble blew up in his face he was the first one to blame everyone else but himself.

You're focusing on the Fannie & Freddie aspect of this, and there's simply much more to it that has nothing to do with that crap.

The lenders didn't have to worry about losing money, because they were immediately packaging the dog shit sub-prime mortgages into dog shit CMO's and double dog shit CDO's, getting COMPLETELY FRAUDULENT AAA ratings from the ratings agencies who were making a ton literally selling ratings, and POOF, the dog shit was OFF THE BOOKS, sold to some unsuspecting investors who foolishly thought that AAA ratings actually MEANT something. Ha! Dumb shits! Suckers!

Meanwhile, AIG is making a SHITLOAD selling a few hundred billion dollars of CDS's with ZERO (0) actual "money" to back up those bets, to institutions that thought (suckers!) they were hedging their bets on those CDO's and other shit, only to find out that AIG NEVER HAD THE MONEY TO PAY THEM OFF. THEY NEVER HAD THE FUCKING MONEY, YET THEY TOOK THE FEES. WHAT A DEAL! Holy crap, talk about a boffo business model! But that's okay - they called the gubmit, told them they forgot to keep money in reserve (oops!), and got bailed out! How cool is THAT!

Oh yeah, it gets better -- THEN the banks were creating and selling these horrific dog shit CMO's and CDO's and selling them with their phony dog shit AAA ratings, while AT THE SAME TIME they were BUYING CDS's to fucking SHORT THE VERY SHIT THEY WERE SELLING. Brilliant! Win/Win! My personal FAVE was the Goldman Sachs/John Paulson crime partnership that made Paulson $1 billion, GS even more, and fucked over all KINDS of people with shit CDO's that they had PURPOSELY MADE shit CDO's. Whoopee!

So what does ANY of this have to do with Fannie and Freddie? And by the way....

• Why were the ratings agencies getting away with slapping AAA - TREASURY LEVEL - ratings for SHIT securities?
• Why was AIG able to sell hundreds of billions of dollars in swaps with NO RESERVE REQUIREMENTS?
• Why were the creators of these shit securities able to bring them to market in the FIRST PLACE?
• Why were no limits placed on the amount of CDS's that could be bought to transfer risk?
  
• Why were there ZERO controls on the types of debt that were being shoved into these shit securities?
• Why were banks allowed to be in bed with companies that were selling hyper-toxic "synthetic CDO's" with zero fucking oversight?
  
• Why were the banks getting away with manipulating the value of CDS's, as they were buying them themselves?
  
• Why were the banks getting away with SHORTING the very crap securities they were creating and selling?

Because there was no one saying "stop, we need to look at this". That's what a regulator does. In a normal world.

Are you really going to blame the Democrats ALONE for all that? Holy crap, come on.
.

Why were the banks getting away with SHORTING the very crap securities they were creating and selling?

When a bank creates a synthetic CDO for a client, the bank is on the other side of the trade.
So of course they are short the security.
If you buy a call, are you mad because the market maker who sold it to you is short the call he sold you?

How exactly are they fulfilling their fiduciary obligation to the client by doing that?
.

If I go into the IBM pit on the CBOE and I buy 100 July 175 calls for 1.89
the market maker selling me those calls is now short 100 July 175 calls.
Why can he sell me this crap and go short this crap at the same time?

Because he doesn't have any fiduciary responsibility. None. His is a pure supply and demand dynamic. He's only a broker between a buyer and seller.

Goldman Sachs and JP Morgan DO have fiduciary responsibilities to act in their clients' best interests. Just like I do. Only about a trillion zillion times bigger, and an integral part of the economy.

Acting in their clients' best interests? They did not. They literally bet against what they were selling their clients using securities that were not regulated. They created dog shit securities, bought AAA ratings for them, fraudulently sold them based on bogus ratings, then bet against them. They created a market for themselves based on a fraud.

Do you see anything wrong there? And that was just ONE of the scams that was going on.

No regulation of the securities. No regulation of the AAA ratings they were given. No regulation of their behavior once they had them. THAT'S the problem. THAT'S what happened.
.

So what you're saying is that they behaved responsibly with securities that weren't regulated, but they behaved irresponsibly with securities that were regulated. That right their tells you all you need to know to determine what was responsible for this fiasco.