Communism is coming.

You can't find a communist in the United States. Communism is a dictatorship with ownership of all industry and business. Socialism is always Democratic fair capitalism with a good safety net. Now I'm off to prove that this is total b*******. For doops only. As the blaze always is.
This is simply the end of totally unfair GOP capitalism on the way...

"Communism" has been a catch-all term for all things Marxist since the 1950s.
and that is how your propaganda spewing Masters keep you confused. Communism is totalitarian, socialism is Democrat. Someone ought to tell this idiot Denver woman LOL. Then maybe she wouldn't get hundreds of death threats from brainwashed functional morons.... She has her own definition of communism which isn't anything like Cuba or the USSR.
 
So what is fundamentally broken and needs fixing with out capitalist system?
1. A regulatory system that is replete with both massive holes and comical redundancies. Since the parties are no longer allowed to work together for the good of the country, all we do now is slap simple band-aids on problems without looking at the big picture. The result is an absolute mess that invites abuse.

2. Rampant and willful ignorance about what caused the Meltdown, which should have taught us a great deal.

3. A business and individual tax system that is so complicated and convoluted that it also invites abuse.

4. Wealth distribution that has become so completely out of control that those who advocate for socialism and communism can point at it all day long and say "see"?

5. A complete imbalance between taxation and government spending that the GOP is happy to exacerbate.

For starters.
.

How are any of these issues Democrat winning points? Even Republicans want smart regulation. The dems will guarantee the comical redundancies. Who do you think drives the insane Tax rules? Would you accept something simple like a flat tax? Government spending is an issue to both sides. The Rino's no longer act like they care, and the Democrats never cared in the first place. I'm guessing #4 is why you vote Democrat. Do you think there is some way to take working people's money and give it to the 'needy'. What is a correct redistribution on your sliding scale. I'm genuinely curious. I won't say it is impossible for the government to help society, but when you have Nadler on one side and Graham on the other, I don't have high hopes. I'm not sure I can remember the last 'government' solution that actually made things better. I know you hate Libertarians, but I see some wisdom in the government getting out of people's way.
The Left seems to think that any regulation is good regulation. The Right seems to think that all regulation is bad regulation. They're both wrong.

The Meltdown taught us nothing, and it should have.

Effective, efficient regulation is not a handicap to capitalism - it's an absolutely necessary component of it. The Right refuses to see that. Therefore, as I mentioned, we keep screwing it up worse because all we know how to do is apply band aids.

Our government is as badly split as we are. As long as we keep enabling that, we'll keep screwing up capitalism. And as long as we keep screwing up capitalism, the socialists and the communists will continue to get stronger.
.

If both sides are wrong on regulation, why do you vote Democrat? If we stick to economics, besides regulation, at least republicans have figured out 70% taxation kills growth, and doesn't just target the rich. Both sides are wrong on regulation and spending, so why not choose the one that at least gets something right?
Well, I just agree with the Democrats on more issues than the Republicans. The economy is just one issue.

But I don't see the Republicans better on the economy at all. They just claim to be. Look at what Dubya left behind.

The GOP lost its shit on the economy the moment it took Reagan's "government is the problem" speech tag line as literal gospel.
.
 
You can't find a communist in the United States. Communism is a dictatorship with ownership of all industry and business. Socialism is always Democratic fair capitalism with a good safety net. Now I'm off to prove that this is total b*******. For doops only. As the blaze always is.
This is simply the end of totally unfair GOP capitalism on the way...

"Communism" has been a catch-all term for all things Marxist since the 1950s.
and that is how your propaganda spewing Masters keep you confused. Communism is totalitarian, socialism is Democrat. Someone ought to tell this idiot Denver woman LOL. Then maybe she wouldn't get hundreds of death threats from brainwashed functional morons.... She has her own definition of communism which isn't anything like Cuba or the USSR.
https://www.google.com/url?sa=t&sou...FjAAegQIBRAB&usg=AOvVaw2pYvsUFHS76psd76gQpTS9
 
You can't find a communist in the United States. Communism is a dictatorship with ownership of all industry and business. Socialism is always Democratic fair capitalism with a good safety net. Now I'm off to prove that this is total b*******. For doops only. As the blaze always is.
This is simply the end of totally unfair GOP capitalism on the way...

"Communism" has been a catch-all term for all things Marxist since the 1950s.
and that is how your propaganda spewing Masters keep you confused. Communism is totalitarian, socialism is Democrat. Someone ought to tell this idiot Denver woman LOL. Then maybe she wouldn't get hundreds of death threats from brainwashed functional morons.... She has her own definition of communism which isn't anything like Cuba or the USSR.

Silly boy. I grew up in those eras. The differentiation is moot. As I said, it is used as a catch-all term, and has been for a long time.

"From each according to his abilities, to each according to his needs" is the Golden Rule of Marxism, and applies to all Marxist-based thought regardless of what you choose to call the various sects.
 
So what is fundamentally broken and needs fixing with out capitalist system?
1. A regulatory system that is replete with both massive holes and comical redundancies. Since the parties are no longer allowed to work together for the good of the country, all we do now is slap simple band-aids on problems without looking at the big picture. The result is an absolute mess that invites abuse.

2. Rampant and willful ignorance about what caused the Meltdown, which should have taught us a great deal.

3. A business and individual tax system that is so complicated and convoluted that it also invites abuse.

4. Wealth distribution that has become so completely out of control that those who advocate for socialism and communism can point at it all day long and say "see"?

5. A complete imbalance between taxation and government spending that the GOP is happy to exacerbate.

For starters.
.

How are any of these issues Democrat winning points? Even Republicans want smart regulation. The dems will guarantee the comical redundancies. Who do you think drives the insane Tax rules? Would you accept something simple like a flat tax? Government spending is an issue to both sides. The Rino's no longer act like they care, and the Democrats never cared in the first place. I'm guessing #4 is why you vote Democrat. Do you think there is some way to take working people's money and give it to the 'needy'. What is a correct redistribution on your sliding scale. I'm genuinely curious. I won't say it is impossible for the government to help society, but when you have Nadler on one side and Graham on the other, I don't have high hopes. I'm not sure I can remember the last 'government' solution that actually made things better. I know you hate Libertarians, but I see some wisdom in the government getting out of people's way.
The Left seems to think that any regulation is good regulation. The Right seems to think that all regulation is bad regulation. They're both wrong.

The Meltdown taught us nothing, and it should have.

Effective, efficient regulation is not a handicap to capitalism - it's an absolutely necessary component of it. The Right refuses to see that. Therefore, as I mentioned, we keep screwing it up worse because all we know how to do is apply band aids.

Our government is as badly split as we are. As long as we keep enabling that, we'll keep screwing up capitalism. And as long as we keep screwing up capitalism, the socialists and the communists will continue to get stronger.
.

If both sides are wrong on regulation, why do you vote Democrat? If we stick to economics, besides regulation, at least republicans have figured out 70% taxation kills growth, and doesn't just target the rich. Both sides are wrong on regulation and spending, so why not choose the one that at least gets something right?
Well, I just agree with the Democrats on more issues than the Republicans. The economy is just one issue.

But I don't see the Republicans better on the economy at all. They just claim to be. Look at what Dubya left behind.

The GOP lost its shit on the economy the moment it took Reagan's "government is the problem" speech tag line as literal gospel.
.

Fair enough on previous republican failures, but be honest, what happens if one of these new era dems gets elected? Pumping up taxes and attacking fossil fuels will have consequences. Are you willing to vote for that? Do you have a third option?
 
1. A regulatory system that is replete with both massive holes and comical redundancies. Since the parties are no longer allowed to work together for the good of the country, all we do now is slap simple band-aids on problems without looking at the big picture. The result is an absolute mess that invites abuse.

2. Rampant and willful ignorance about what caused the Meltdown, which should have taught us a great deal.

3. A business and individual tax system that is so complicated and convoluted that it also invites abuse.

4. Wealth distribution that has become so completely out of control that those who advocate for socialism and communism can point at it all day long and say "see"?

5. A complete imbalance between taxation and government spending that the GOP is happy to exacerbate.

For starters.
.

How are any of these issues Democrat winning points? Even Republicans want smart regulation. The dems will guarantee the comical redundancies. Who do you think drives the insane Tax rules? Would you accept something simple like a flat tax? Government spending is an issue to both sides. The Rino's no longer act like they care, and the Democrats never cared in the first place. I'm guessing #4 is why you vote Democrat. Do you think there is some way to take working people's money and give it to the 'needy'. What is a correct redistribution on your sliding scale. I'm genuinely curious. I won't say it is impossible for the government to help society, but when you have Nadler on one side and Graham on the other, I don't have high hopes. I'm not sure I can remember the last 'government' solution that actually made things better. I know you hate Libertarians, but I see some wisdom in the government getting out of people's way.
The Left seems to think that any regulation is good regulation. The Right seems to think that all regulation is bad regulation. They're both wrong.

The Meltdown taught us nothing, and it should have.

Effective, efficient regulation is not a handicap to capitalism - it's an absolutely necessary component of it. The Right refuses to see that. Therefore, as I mentioned, we keep screwing it up worse because all we know how to do is apply band aids.

Our government is as badly split as we are. As long as we keep enabling that, we'll keep screwing up capitalism. And as long as we keep screwing up capitalism, the socialists and the communists will continue to get stronger.
.

If both sides are wrong on regulation, why do you vote Democrat? If we stick to economics, besides regulation, at least republicans have figured out 70% taxation kills growth, and doesn't just target the rich. Both sides are wrong on regulation and spending, so why not choose the one that at least gets something right?
Well, I just agree with the Democrats on more issues than the Republicans. The economy is just one issue.

But I don't see the Republicans better on the economy at all. They just claim to be. Look at what Dubya left behind.

The GOP lost its shit on the economy the moment it took Reagan's "government is the problem" speech tag line as literal gospel.
.

Fair enough on previous republican failures, but be honest, what happens if one of these new era dems gets elected? Pumping up taxes and attacking fossil fuels will have consequences. Are you willing to vote for that? Do you have a third option?
The Democratic Party has lost its shit as well. The Regressive Left has all the energy now, just like the Trumpsters in the GOP. I'd think the gulf between the two parties would be big enough for a strong third party, but there's nothing on the horizon.

Right now for President, there's about a 40% chance I'll vote Democrat, 60% chance it'll be third party.
.
 
Who of sound mind would? They've been trained by such as you, and they repeat the same stupid stuff.


THIS ^^^, ladies and gentlemen, is NOT A REBUTTAL, it is an ad hominem in a double IDIOT-GRAM.

You are one of the members of the Echo Chamber, those who repeat the same propaganda ad nausea. Nothing you post is substantive, thoughtful or thought provoking - insipid and iniquitous it is.

The United States spent half the 20th Century fighting against you people. You'll not win in the end.

As to your ad hominem whine concerning my comment (not a rebuttal, genius), show me a post where you make sense.
Get a clue dumb-dumb. Everyone who disagrees with the right's stupidly sadistic way of doing things is not a communist.
Damn near all of the are.

You are, commie.

.
You're a pathetic waste of flesh, Getting to be an adult and yet understanding nothing.
I understand all too well. That's what pisses your commie ass off. You can't hide your commie bullshit, and you fucking hate it.

Commie.

.
 


Candi CdeBaca

Hear it, and get ready folks. That is their manifesto. By any means necessary. Do we fully understand what that means? DO WE FULLY UNDERSTAND WHAT THAT MEANS?

Just so we are clear here. They lie, they cheat, they murder, and then stand and accuse accuse accuse others of that which they are guilty. They seduce the morons with tails of free money and free free free free.

Understand that this is a war, and they are not even hiding anymore. They are flat out stating it.

BTW, for your information that bitch won the election even after stating such shit.

Think about it. Communism is coming and we will all get what we deserve since we all allowed it to happen. If they say they will implement it by whatever means, we should defend liberty and the free market by any means.
Are you at war with everything? Think about it. Communism is the unknown. Any poll will tell you that your crazy. The known is massive efforts of fascism. We are there now. Maybe people shouldn't be allowed free speech if they dont know what that means.

If this country was the same in 1941, we would be on the side of the Germans. We would have fought against all our allies. We wouldn't be free. Freedom is so under attack. One day you will look back, and if your honest, you will admit this horrible mistake.

Sent from my SM-G935P using Tapatalk
 
Red scares do not work anymore. You cold war fossils have so overused the terms "communism" and "socialism" and been such horrible people doing it that you have robbed your favorite scare tactic of it's teeth. If we ever move towards socialism it will be because You people have been such terrible buttheads trying to defend a broken system rather than fix it.
As long as the power fiefdoms exist, this will go on. The police/corrections/judge power fiefdom is difficult to crack open. They destroy anyone who interferes with them. Whether its perceived or not. And that includes their own. If you notice, not one will stand up to say they are wrong when they take out a person. Now we have two and a half million males in prison with at least several million felons. Tell me about the red scare tactics. This system was not a Repub concoction either although Repub voters support this fiefdom at a higher percentage then Progs.
 


Candi CdeBaca

Hear it, and get ready folks. That is their manifesto. By any means necessary. Do we fully understand what that means? DO WE FULLY UNDERSTAND WHAT THAT MEANS?

Just so we are clear here. They lie, they cheat, they murder, and then stand and accuse accuse accuse others of that which they are guilty. They seduce the morons with tails of free money and free free free free.

Understand that this is a war, and they are not even hiding anymore. They are flat out stating it.

BTW, for your information that bitch won the election even after stating such shit.

Think about it. Communism is coming and we will all get what we deserve since we all allowed it to happen. If they say they will implement it by whatever means, we should defend liberty and the free market by any means.


Well if and when it comes so will the buckshot out of the barrel of my shotgun.
 
So what is fundamentally broken and needs fixing with out capitalist system?
1. A regulatory system that is replete with both massive holes and comical redundancies. Since the parties are no longer allowed to work together for the good of the country, all we do now is slap simple band-aids on problems without looking at the big picture. The result is an absolute mess that invites abuse.

2. Rampant and willful ignorance about what caused the Meltdown, which should have taught us a great deal.

3. A business and individual tax system that is so complicated and convoluted that it also invites abuse.

4. Wealth distribution that has become so completely out of control that those who advocate for socialism and communism can point at it all day long and say "see"?

5. A complete imbalance between taxation and government spending that the GOP is happy to exacerbate.

For starters.
.

How are any of these issues Democrat winning points? Even Republicans want smart regulation. The dems will guarantee the comical redundancies. Who do you think drives the insane Tax rules? Would you accept something simple like a flat tax? Government spending is an issue to both sides. The Rino's no longer act like they care, and the Democrats never cared in the first place. I'm guessing #4 is why you vote Democrat. Do you think there is some way to take working people's money and give it to the 'needy'. What is a correct redistribution on your sliding scale. I'm genuinely curious. I won't say it is impossible for the government to help society, but when you have Nadler on one side and Graham on the other, I don't have high hopes. I'm not sure I can remember the last 'government' solution that actually made things better. I know you hate Libertarians, but I see some wisdom in the government getting out of people's way.
The Left seems to think that any regulation is good regulation. The Right seems to think that all regulation is bad regulation. They're both wrong.

The Meltdown taught us nothing, and it should have.

Effective, efficient regulation is not a handicap to capitalism - it's an absolutely necessary component of it. The Right refuses to see that. Therefore, as I mentioned, we keep screwing it up worse because all we know how to do is apply band aids.

Our government is as badly split as we are. As long as we keep enabling that, we'll keep screwing up capitalism. And as long as we keep screwing up capitalism, the socialists and the communists will continue to get stronger.
.

If both sides are wrong on regulation, why do you vote Democrat? If we stick to economics, besides regulation, at least republicans have figured out 70% taxation kills growth, and doesn't just target the rich. Both sides are wrong on regulation and spending, so why not choose the one that at least gets something right?
Well, I just agree with the Democrats on more issues than the Republicans. The economy is just one issue.

But I don't see the Republicans better on the economy at all. They just claim to be. Look at what Dubya left behind.

The GOP lost its shit on the economy the moment it took Reagan's "government is the problem" speech tag line as literal gospel.
.
You are the biggest fucking liar if you think it was solely Booooosh that caused the economy down turn while claiming to be some financial fucking advisor.

You already in your pathetic way showed how ignorant you are when you claimed that the rewriting of the Community Reinvestment Act had no effect on the economy.

It is an actual fact that the toothless 1977 regulations fully expired in July 1997, when President Clinton rewrote them to toughen CRA enforcement as part of a crusade to close the "mortgage gap" between blacks and whites. For the first time, banks were required to show results. One of the five performance criteria in the "lending test" — the most heavily weighted component of the CRA exam — was adopting "flexible lending practices" to address the credit needs of poor borrowers in "predominantly minority neighborhoods." Banks that didn't bend their underwriting rules risked flunking the exam.

Ex-Federal Reserve Board Gov. Lawrence Lindsey, a staunch CRA defender, acknowledges that the changes "did contribute to a downgrading of credit standards."


Under Clinton's CRA "investment test," moreover, banks for the first time earned CRA credit for purchasing subprime securities. A wave of these securitizations in the secondary mortgage market and on Wall Street began in 1997, which also happened to mark the start of the housing bubble.

We also know clinton signed the Commodity Futures Modernization Act in December of 2000 and that exempted default swaps from any regulation.

We also know fruitcake Barney Frank and Dodd headed up the Fannie and Freddie debacle.

We also know that the democrats took over the House and Senate in 2007 and it is an actual fact that they ignored all warnings put out by the White House of the bubble. It is all documented in the White House archives you loser.

You are either the most incompetent financial advisor on the planet or a fucking liar.

A socialist financial advisor everyone.
 


Candi CdeBaca

Hear it, and get ready folks. That is their manifesto. By any means necessary. Do we fully understand what that means? DO WE FULLY UNDERSTAND WHAT THAT MEANS?

Just so we are clear here. They lie, they cheat, they murder, and then stand and accuse accuse accuse others of that which they are guilty. They seduce the morons with tails of free money and free free free free.

Understand that this is a war, and they are not even hiding anymore. They are flat out stating it.

BTW, for your information that bitch won the election even after stating such shit.

Think about it. Communism is coming and we will all get what we deserve since we all allowed it to happen. If they say they will implement it by whatever means, we should defend liberty and the free market by any means.


Well if and when it comes so will the buckshot out of the barrel of my shotgun.
Any other solutions besides shooting somebody? Your buckshot won't work against a tank.

You got the presidency and the Senate and you think that communism is coming? Right!!

Sent from my SM-G935P using Tapatalk
 
1. A regulatory system that is replete with both massive holes and comical redundancies. Since the parties are no longer allowed to work together for the good of the country, all we do now is slap simple band-aids on problems without looking at the big picture. The result is an absolute mess that invites abuse.

2. Rampant and willful ignorance about what caused the Meltdown, which should have taught us a great deal.

3. A business and individual tax system that is so complicated and convoluted that it also invites abuse.

4. Wealth distribution that has become so completely out of control that those who advocate for socialism and communism can point at it all day long and say "see"?

5. A complete imbalance between taxation and government spending that the GOP is happy to exacerbate.

For starters.
.

How are any of these issues Democrat winning points? Even Republicans want smart regulation. The dems will guarantee the comical redundancies. Who do you think drives the insane Tax rules? Would you accept something simple like a flat tax? Government spending is an issue to both sides. The Rino's no longer act like they care, and the Democrats never cared in the first place. I'm guessing #4 is why you vote Democrat. Do you think there is some way to take working people's money and give it to the 'needy'. What is a correct redistribution on your sliding scale. I'm genuinely curious. I won't say it is impossible for the government to help society, but when you have Nadler on one side and Graham on the other, I don't have high hopes. I'm not sure I can remember the last 'government' solution that actually made things better. I know you hate Libertarians, but I see some wisdom in the government getting out of people's way.
The Left seems to think that any regulation is good regulation. The Right seems to think that all regulation is bad regulation. They're both wrong.

The Meltdown taught us nothing, and it should have.

Effective, efficient regulation is not a handicap to capitalism - it's an absolutely necessary component of it. The Right refuses to see that. Therefore, as I mentioned, we keep screwing it up worse because all we know how to do is apply band aids.

Our government is as badly split as we are. As long as we keep enabling that, we'll keep screwing up capitalism. And as long as we keep screwing up capitalism, the socialists and the communists will continue to get stronger.
.

If both sides are wrong on regulation, why do you vote Democrat? If we stick to economics, besides regulation, at least republicans have figured out 70% taxation kills growth, and doesn't just target the rich. Both sides are wrong on regulation and spending, so why not choose the one that at least gets something right?
Well, I just agree with the Democrats on more issues than the Republicans. The economy is just one issue.

But I don't see the Republicans better on the economy at all. They just claim to be. Look at what Dubya left behind.

The GOP lost its shit on the economy the moment it took Reagan's "government is the problem" speech tag line as literal gospel.
.
You are the biggest fucking liar if you think it was solely Booooosh that caused the economy down turn while claiming to be some financial fucking advisor.

You already in your pathetic way showed how ignorant you are when you claimed that the rewriting of the Community Reinvestment Act had no effect on the economy.

It is an actual fact that the toothless 1977 regulations fully expired in July 1997, when President Clinton rewrote them to toughen CRA enforcement as part of a crusade to close the "mortgage gap" between blacks and whites. For the first time, banks were required to show results. One of the five performance criteria in the "lending test" — the most heavily weighted component of the CRA exam — was adopting "flexible lending practices" to address the credit needs of poor borrowers in "predominantly minority neighborhoods." Banks that didn't bend their underwriting rules risked flunking the exam.

Ex-Federal Reserve Board Gov. Lawrence Lindsey, a staunch CRA defender, acknowledges that the changes "did contribute to a downgrading of credit standards."


Under Clinton's CRA "investment test," moreover, banks for the first time earned CRA credit for purchasing subprime securities. A wave of these securitizations in the secondary mortgage market and on Wall Street began in 1997, which also happened to mark the start of the housing bubble.

We also know clinton signed the Commodity Futures Modernization Act in December of 2000 and that exempted default swaps from any regulation.

We also know fruitcake Barney Frank and Dodd headed up the Fannie and Freddie debacle.

We also know that the democrats took over the House and Senate in 2007 and it is an actual fact that they ignored all warnings put out by the White House of the bubble. It is all documented in the White House archives you loser.

You are either the most incompetent financial advisor on the planet or a fucking liar.

A socialist financial advisor everyone.
The bills that Clinton signed were GOP bills, dumbass. And there was no problem until GOP deregulation and croney regulators let Wall Street real estate corps like countrywide and insurance companies like a i g run wild. Everyone knows it but you morons.Fannie and Freddie share of the market went from 75% to 25% in a year dumbass...
 
I understand all too well. That's what pisses your commie ass off. You can't hide your commie bullshit, and you fucking hate it.

Commie.

This is 2019.

The communist threat has been over for 30 plus years.

Try to keep up.
:laughing0301:

Yeah. Sure.



giphy.gif
 
How are any of these issues Democrat winning points? Even Republicans want smart regulation. The dems will guarantee the comical redundancies. Who do you think drives the insane Tax rules? Would you accept something simple like a flat tax? Government spending is an issue to both sides. The Rino's no longer act like they care, and the Democrats never cared in the first place. I'm guessing #4 is why you vote Democrat. Do you think there is some way to take working people's money and give it to the 'needy'. What is a correct redistribution on your sliding scale. I'm genuinely curious. I won't say it is impossible for the government to help society, but when you have Nadler on one side and Graham on the other, I don't have high hopes. I'm not sure I can remember the last 'government' solution that actually made things better. I know you hate Libertarians, but I see some wisdom in the government getting out of people's way.
The Left seems to think that any regulation is good regulation. The Right seems to think that all regulation is bad regulation. They're both wrong.

The Meltdown taught us nothing, and it should have.

Effective, efficient regulation is not a handicap to capitalism - it's an absolutely necessary component of it. The Right refuses to see that. Therefore, as I mentioned, we keep screwing it up worse because all we know how to do is apply band aids.

Our government is as badly split as we are. As long as we keep enabling that, we'll keep screwing up capitalism. And as long as we keep screwing up capitalism, the socialists and the communists will continue to get stronger.
.

If both sides are wrong on regulation, why do you vote Democrat? If we stick to economics, besides regulation, at least republicans have figured out 70% taxation kills growth, and doesn't just target the rich. Both sides are wrong on regulation and spending, so why not choose the one that at least gets something right?
Well, I just agree with the Democrats on more issues than the Republicans. The economy is just one issue.

But I don't see the Republicans better on the economy at all. They just claim to be. Look at what Dubya left behind.

The GOP lost its shit on the economy the moment it took Reagan's "government is the problem" speech tag line as literal gospel.
.
You are the biggest fucking liar if you think it was solely Booooosh that caused the economy down turn while claiming to be some financial fucking advisor.

You already in your pathetic way showed how ignorant you are when you claimed that the rewriting of the Community Reinvestment Act had no effect on the economy.

It is an actual fact that the toothless 1977 regulations fully expired in July 1997, when President Clinton rewrote them to toughen CRA enforcement as part of a crusade to close the "mortgage gap" between blacks and whites. For the first time, banks were required to show results. One of the five performance criteria in the "lending test" — the most heavily weighted component of the CRA exam — was adopting "flexible lending practices" to address the credit needs of poor borrowers in "predominantly minority neighborhoods." Banks that didn't bend their underwriting rules risked flunking the exam.

Ex-Federal Reserve Board Gov. Lawrence Lindsey, a staunch CRA defender, acknowledges that the changes "did contribute to a downgrading of credit standards."


Under Clinton's CRA "investment test," moreover, banks for the first time earned CRA credit for purchasing subprime securities. A wave of these securitizations in the secondary mortgage market and on Wall Street began in 1997, which also happened to mark the start of the housing bubble.

We also know clinton signed the Commodity Futures Modernization Act in December of 2000 and that exempted default swaps from any regulation.

We also know fruitcake Barney Frank and Dodd headed up the Fannie and Freddie debacle.

We also know that the democrats took over the House and Senate in 2007 and it is an actual fact that they ignored all warnings put out by the White House of the bubble. It is all documented in the White House archives you loser.

You are either the most incompetent financial advisor on the planet or a fucking liar.

A socialist financial advisor everyone.
The bills that Clinton signed were GOP bills, dumbass. And there was no problem until GOP deregulation and croney regulators let Wall Street real estate corps like countrywide and insurance companies like a i g run wild. Everyone knows it but you morons.Fannie and Freddie share of the market went from 75% to 25% in a year dumbass...
Didn't say it wasn't a bipartisan problem you dirtbag piece of brainwashed shit. To blame ONLY BUUUUUSH or the republicans like you fucking losers do.

Funny how you fucking losers always ignore that clinton signed the Iraq Liberation Act for wmds long before Buuuuuush took office and then went ape fucking shit when Buuuush enforced it.


You also ignore these from official White House archives:

2007:
  • August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying "first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options." (President George W. Bush, Press Conference, the White House, 8/9/07)

  • August: Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd ignores the President's warnings and calls on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," The New York Times, 8/11/07)

  • December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying "These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I've called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon." (President George W. Bush, Discusses Housing, the White House, 12/6/07)
2008

  • February: Assistant Treasury Secretary David Nasonreiterates the urgency of reforms, saying "A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully." (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)

  • March: President Bush calls on Congress to take action and "move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages." (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)

  • April: President Bush urges Congress to pass the much needed legislation and "modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes." (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)
  • May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.
    • "Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow state housing agencies to issue tax-free bonds to refinance sub-prime loans." (President George W. Bush, Radio Address, 5/3/08)

    • "[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator." (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)

    • "Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans." (President George W. Bush, Radio Address, 5/31/08)

    • June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying "we need to pass legislation to reform Fannie Mae and Freddie Mac." (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)

    • July: Congress heeds the President's call for action and passes reform legislation for Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.

    • September: Democrats in Congress forget their previous objections to GSE reforms, as Senator Dodd questions "why weren't we doing more, why did we wait almost a year before there were any significant steps taken to try to deal with this problem? … I have a lot of questions about where was the administration over the last eight years." (Dawn Kopecki, "Fannie Mae, Freddie 'House Of Cards' Prompts Takeover," Bloomberg, 9/9/08)
You are all fucking losers and Mac is a fucking liar.
 

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