- How did Obama force the banks to create shitty, opaque CMOs packed with shit loans with massive balloon payments and damn near zero lender standards?
He
didn’t.
Bill Clinton (D) did with his 1997 Community Re-Investment Act. This is what happens when government unconstitutionally assumes powers they don’t have (and never did) and interferes with the free market. Banks never made those loans prior because they weren’t going to assume the risk. But the Dumbocrats said “everyone should own a home...even if they can’t afford it.... because
liberal”. The banks were incentivized to make bad loans - so they did. With government promising them that Freddie and Fannie would eat the loses. You ignorant leftists caused the problem, then made it worse under MaObama. Which is they the American people gave you an unimaginable ass-kicking in the
- How did Obama force the banks to create and sell the even MORE hideous CDOs that didn't even fully INCLUDE the above-mentioned shit mortgages?
He
didn’t.
Bill Clinton (D) did with his 1997 Community Re-Investment Act. This is what happens when government unconstitutionally assumes powers they don’t have (and never did) and interferes with the free market. Banks never made those loans prior because they weren’t going to assume the risk. But the Dumbocrats said “everyone should own a home...even if they can’t afford it.... because
liberal”. The banks were incentivized to make bad loans - so they did. With government promising them that Freddie and Fannie would eat the loses. You ignorant leftists caused the problem, then made it worse under MaObama. Which is they the American people gave you an unimaginable ass-kicking in the 2010 mid-term.
- How did Obama force banks like Bear and Lehman to lever up to THIRTY FREAKING PERCENT to load up on securities they knew where essentially hollow?
He
didn’t.
Bill Clinton (D) did with his 1997 Community Re-Investment Act. This is what happens when government unconstitutionally assumes powers they don’t have (and never did) and interferes with the free market. Banks never made those loans prior because they weren’t going to assume the risk. But the Dumbocrats said “everyone should own a home...even if they can’t afford it.... because
liberal”. The banks were incentivized to make bad loans - so they did. With government promising them that Freddie and Fannie would eat the loses. You ignorant leftists caused the problem, then made it worse under MaObama. Which is they the American people gave you an unimaginable ass-kicking in the 2010 mid-term.
- How did Obama force mortgage companies to SELL OFF those shit mortgages to the banks to be put in those CMO's, often by the very next day?
He
didn’t.
Bill Clinton (D) did with his 1997 Community Re-Investment Act. This is what happens when government unconstitutionally assumes powers they don’t have (and never did) and interferes with the free market. Banks never made those loans prior because they weren’t going to assume the risk. But the Dumbocrats said “everyone should own a home...even if they can’t afford it.... because
liberal”. The banks were incentivized to make bad loans - so they did. With government promising them that Freddie and Fannie would eat the loses. You ignorant leftists caused the problem, then made it worse under MaObama. Which is they the American people gave you an unimaginable ass-kicking in the 2010 mid-term.
- How did Obama force the ratings agencies to SELL AAA (TREASURY-level) ratings on those shit securities, making them highly attractive to buy?
He
didn’t.
Bill Clinton (D) did with his 1997 Community Re-Investment Act. This is what happens when government unconstitutionally assumes powers they don’t have (and never did) and interferes with the free market. Banks never made those loans prior because they weren’t going to assume the risk. But the Dumbocrats said “everyone should own a home...even if they can’t afford it.... because
liberal”. The banks were incentivized to make bad loans - so they did. With government promising them that Freddie and Fannie would eat the loses. You ignorant leftists caused the problem, then made it worse under MaObama. Which is they the American people gave you an unimaginable ass-kicking in the 2010 mid-term.
- How did Obama force mortgage companies to write no-doc loans with insane balloons, knowing they'd be sold off in 12 hours into a shit CMO at NO risk?
He
didn’t.
Bill Clinton (D) did with his 1997 Community Re-Investment Act. This is what happens when government unconstitutionally assumes powers they don’t have (and never did) and interferes with the free market. Banks never made those loans prior because they weren’t going to assume the risk. But the Dumbocrats said “everyone should own a home...even if they can’t afford it.... because
liberal”. The banks were incentivized to make bad loans - so they did. With government promising them that Freddie and Fannie would eat the loses. You ignorant leftists caused the problem, then made it worse under MaObama. Which is they the American people gave you an unimaginable ass-kicking in the 2010 mid-term.
- How did Obama force the banks to threaten the ratings agencies with lost business if they didn't give them AAA ratings on shit securities?
He
didn’t.
Bill Clinton (D) did with his 1997 Community Re-Investment Act. This is what happens when government unconstitutionally assumes powers they don’t have (and never did) and interferes with the free market. Banks never made those loans prior because they weren’t going to assume the risk. But the Dumbocrats said “everyone should own a home...even if they can’t afford it.... because
liberal”. The banks were incentivized to make bad loans - so they did. With government promising them that Freddie and Fannie would eat the loses. You ignorant leftists caused the problem, then made it worse under MaObama. Which is they the American people gave you an unimaginable ass-kicking in the 2010 mid-term.
- How did Obama force Alan Greenspan to REFUSE to regulate derivatives while CFTC Chairwoman Brooksley Borns was PUBLICLY BEGGING him to?
He
didn’t.
Bill Clinton (D) did with his 1997 Community Re-Investment Act. This is what happens when government unconstitutionally assumes powers they don’t have (and never did) and interferes with the free market. Banks never made those loans prior because they weren’t going to assume the risk. But the Dumbocrats said “everyone should own a home...even if they can’t afford it.... because
liberal”. The banks were incentivized to make bad loans - so they did. With government promising them that Freddie and Fannie would eat the loses. You ignorant leftists caused the problem, then made it worse under MaObama. Which is they the American people gave you an unimaginable ass-kicking in the 2010 mid-term.
- How did Obama force Greenspan to admit to CONGRESS after the Meltdown happened that he BLEW it, that markets had FAILED to regulate themselves?
He
didn’t.
Bill Clinton (D) did with his 1997 Community Re-Investment Act. This is what happens when government unconstitutionally assumes powers they don’t have (and never did) and interferes with the free market. Banks never made those loans prior because they weren’t going to assume the risk. But the Dumbocrats said “everyone should own a home...even if they can’t afford it.... because
liberal”. The banks were incentivized to make bad loans - so they did. With government promising them that Freddie and Fannie would eat the loses. You ignorant leftists caused the problem, then made it worse under MaObama. Which is they the American people gave you an unimaginable ass-kicking in the 2010 mid-term.
- How did Obama force the banks to drop their standards far below what was required when they needed more shit CMO's and CDO's to SELL OFF for huge fees?
He
didn’t.
Bill Clinton (D) did with his 1997 Community Re-Investment Act. This is what happens when government unconstitutionally assumes powers they don’t have (and never did) and interferes with the free market. Banks never made those loans prior because they weren’t going to assume the risk. But the Dumbocrats said “everyone should own a home...even if they can’t afford it.... because
liberal”. The banks were incentivized to make bad loans - so they did. With government promising them that Freddie and Fannie would eat the loses. You ignorant leftists caused the problem, then made it worse under MaObama. Which is they the American people gave you an unimaginable ass-kicking in the 2010 mid-term.
- How did Obama force the banks to SHORT the VERY SAME shit securities THEY WERE SELLING TO THEIR CLIENTS, WHILE the whole ******* THING was COLLAPSING?
He
didn’t.
Bill Clinton (D) did with his 1997 Community Re-Investment Act. This is what happens when government unconstitutionally assumes powers they don’t have (and never did) and interferes with the free market. Banks never made those loans prior because they weren’t going to assume the risk. But the Dumbocrats said “everyone should own a home...even if they can’t afford it.... because
liberal”. The banks were incentivized to make bad loans - so they did. With government promising them that Freddie and Fannie would eat the loses. You ignorant leftists caused the problem, then made it worse under MaObama. Which is they the American people gave you an unimaginable ass-kicking in the 2010 mid-term.
- How did Obama force GS & John Paulson to create shit CMO's that were SPECIFICALLY EXPECTED to FAIL so they could buy swaps on them, making Paulson $2 BILLION?
He
didn’t.
Bill Clinton (D) did with his 1997 Community Re-Investment Act. This is what happens when government unconstitutionally assumes powers they don’t have (and never did) and interferes with the free market. Banks never made those loans prior because they weren’t going to assume the risk. But the Dumbocrats said “everyone should own a home...even if they can’t afford it.... because
liberal”. The banks were incentivized to make bad loans - so they did. With government promising them that Freddie and Fannie would eat the loses. You ignorant leftists caused the problem, then made it worse under MaObama. Which is they the American people gave you an unimaginable ass-kicking in the 2010 mid-term.
- How did Obama force banks to spin off companies that sold insane synthetic CDOs that had NOTHING to do with mortgages, but FLOODED them with fees & leverage?
He
didn’t.
Bill Clinton (D) did with his 1997 Community Re-Investment Act. This is what happens when government unconstitutionally assumes powers they don’t have (and never did) and interferes with the free market. Banks never made those loans prior because they weren’t going to assume the risk. But the Dumbocrats said “everyone should own a home...even if they can’t afford it.... because
liberal”. The banks were incentivized to make bad loans - so they did. With government promising them that Freddie and Fannie would eat the loses. You ignorant leftists caused the problem, then made it worse under MaObama. Which is they the American people gave you an unimaginable ass-kicking in the 2010 mid-term.
- How did Obama force AIG to write zillions in credit default swaps with ZERO ******* reserves - REQUIRED for ANY OTHER insurance product - to back them up?
He
didn’t.
Bill Clinton (D) did with his 1997 Community Re-Investment Act. This is what happens when government unconstitutionally assumes powers they don’t have (and never did) and interferes with the free market. Banks never made those loans prior because they weren’t going to assume the risk. But the Dumbocrats said “everyone should own a home...even if they can’t afford it.... because
liberal”. The banks were incentivized to make bad loans - so they did. With government promising them that Freddie and Fannie would eat the loses. You ignorant leftists caused the problem, then made it worse under MaObama. Which is they the American people gave you an unimaginable ass-kicking in the 2010 mid-term.
Looking forward to observing your standard Talk Radio Trumpian avoidance, ignorance and spin. I'm certainly used to it here.
You really shouldn’t “look forward to it” because it exposes you as the uninformed, ignorant, extreme partisan hack that you are.