Mac1958
Diamond Member
I gave you ten (10), clear, direct, specific questions.Some people just refuse to except the truth...I guess you are one of them....The Truth. Too funny.I present the truth to you that you have been wrong for the last two decades and you just act like you learned nothing from it....As I expected. You have NO idea what I'm talking about. NONE.I see. Since you're such an expert, please enlighten us:
Okay, tell me:
Go ahead. Show us how much you know. I've numbered 'em for you so you can real specific.
- How did Clinton and Reno force the banks to create shitty, opaque CMOs and the even more hideous CDOs?
- How did Clinton and Reno force mortgage companies to sell shit mortgages to the banks to be put in those CMO's, often by the very next day?
- How did Clinton and Reno force the ratings agencies to slap AAA (TREASURY-level) ratings on those shit securities, making them highly attractive to buy?
- How did Clinton and Reno force mortgage companies to write no-doc loans with insane balloons, knowing they'd be sold off in 12 hours to a shit CMO at NO risk?
- How did Clinton and Reno force the banks to threaten the ratings agencies with lost business if they didn't give them AAA ratings on shit securities?
- How did Clinton and Reno force Alan Greenspan to REFUSE to regulate derivatives while CFTC Chairwoman Brooksley Borns was BEGGING him to?
- How did Clinton and Reno force the banks to drop their standards to the ground when they needed more shit CMO's and CDO's to SELL OFF for huge fees?
- How did Clinton and Reno force the banks to SHORT the VERY SAME shit securities they were selling to their CLIENTS, WHILE the whole thing was collapsing?
- How did Clinton and Reno force GS & John Paulson to create shit CMO's that were SPECIFICALLY DESIGNED to FAIL so they could buy swaps on them, making Paulson a cool $2 BILLION?
- How did Clinton and Reno force AIG to write zillions in credit default swaps with ZERO reserves to back them up? ZERO???
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Read this dummy...learn what CNN will not tell you...do you really want to live your life with only half of the truth?
Clinton's Legacy: The Financial and Housing Meltdown
You're reduced to linking to "Reason" magazine. You couldn't even TRY.
This is what happens when you choose to delegate your thinking to others.
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You don't even know what I'm talking about. You're just linking to the words of others.
Pathetic.
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Answer them, Trumpster.
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