Recent content by JonKoch

I get it, GOP/CONS never accept responsibility for their failed policies

Right, Dubya inherited an economy with 20% of gdp of revenues and handed off off one that brought in less than 15% AS GOP/Dubya and had ZERO PRIVATE SECTOR job growth in his 8 years, GOP fought EVERYTHING Obama proposed GOP learned with Clinton, and has done it twice since, OPPOSE EVERYTHING...

Examining the big lie: How the facts of the economic crisis stack up •The boom and bust was global. Proponents of the Big Lie ignore the worldwide nature of the housing boom and bust. •Nonbank mortgage underwriting (WALL STREET) exploded from 2001 to 2007, along with the private label...

Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse https://www.usmessageboard.com/threads/facts-on-dubyas-great-recession.362889/

DUBYA Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse 2004 Republican Convention: Another priority for a new term is to build an ownership society, because ownership brings security and dignity and independence. ... Thanks to our...

Nonbank mortgage underwriting exploded from 2001 to 2007, along with the private label securitization market, which eclipsed Fannie and Freddie during the boom. Private lenders not subject to congressional regulations collapsed lending standards...

Don't let FACTS get in your way Cupcake Q When did the Bush Mortgage Bubble start? A The general timeframe is it started late 2004. From Bush's Presidents Working Group on Financial Markets October 2008 The Presidents Working Groups March policy statement acknowledged that turmoil in...

Gosh Cupcake, it was a VOICE VOTE, but I'm SURE you'll link where he wrote it right? LMAOROG 23 OUT OF 24 SPONSORS WERE GOP BUT IT WAS WRITTEN BY THE LIBERAL, GAY GUY, LOL

No, the GSEs Did Not Cause the Financial Meltdown (but thats just according to the data) 1. Private markets caused the shady mortgage boom: The first thing to point out is that the both the subprime mortgage boom and the subsequent crash are very much concentrated in the private market...

Sure, sure I believe you, THAT'S why 23 of 24 sponsors were R and the one conservative Dem

Private sector loans, not Fannie or Freddie, triggered crisis The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial...

Sure Cupcake, because YOU say so, I believe you, I do

Got it, you are ignorant AND racist "Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent...

SOURCE? HE WASN'T EVEN A CO SPONSOR OF THE DAMN BILL, HE DIDN'T OPPOSE IT BUT DIDN'T SUPPORT IT

Once again, 13 days BEFORE Obama came into office On January 7, 2009, the Congressional Budget Office (CBO) released a grim report projecting an unprecedented federal budget deficit of $1.2 trillion for the 2009 budget year THAT WAS DUBYA'S FINAL F/Y BUDGET CUPCAKE