CDZ Video on the 2008 Mrtgage Market Collapse and How it was Fixed

Discussion in 'Clean Debate Zone' started by JimBowie1958, Sep 23, 2019.

  1. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    They are still deriving revenue from the assets they bought.


    That's just the worst!!

    What does the Fed do with all that revenue?
     
  2. JimBowie1958
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    JimBowie1958 Old Fogey

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    Whatever banks do with profits.

    Why is that a problem to you?

    The Federal Reserve did something right finally.

    I hope they can keep doing so.
     
  3. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Whatever banks do with profits.

    The Federal Reserve isn't a typical bank.

    The Federal Reserve did something right finally.


    Saving the banking system?
     
  4. anotherlife
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    anotherlife Gold Member

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    The government and the banks are now like Carnegie and Mellon.

    In other words they are the same.

    Banks lend free cash and the government underwriters everything then enforces it on the lesser rich.
     
  5. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Banks lend free cash

    How's that?
     
  6. anotherlife
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    anotherlife Gold Member

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    The Federal Reserve cartel of banks has it by US law that 90 % of all bank lending is covered by them, and the remaining 10 % is cash coming from the capital of the lending bank. So when the borrower takes his money, 90 % of it is printed out of nothing. (Inflation.) The banks that are now allowed to be in business, have recently made a deal with the government to disclose all client data to the government, ending the millennia old tradition of bank secrecy, for the first time in history. The government pays for this by providing blind and automatic underwriting for all the banks, for all the loans. As a result, this 10 % lending risk has now gone to 0 %. So all loan cash is free. The government enforces it by law, that you give up everything, including your life for this scheme. This is now the law in all western countries in the 21st century.
     
  7. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    The Federal Reserve cartel of banks has it by US law that 90 % of all bank lending is covered by them

    The Fed doesn't "cover", whatever that's supposed to mean, the lending of member banks.

    and the remaining 10 % is cash coming from the capital of the lending bank.

    Banks don't lend from their capital, they lend from their reserves.

    So all loan cash is free.

    Gibberish.
     
  8. anotherlife
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    anotherlife Gold Member

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    Bullshit. Hehehe
     

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