No it did not. Your posts are fantasy. Try the blue pill and wake up from the matrix.
O....M....G....DJIA Hits 50,000 Another huge win for Trump
- Thread starter Mashmont
- Start date
Sounds like you’re hoping for that.
Yes it did. The entire subprime and no-doc loan fiasco was due to Dems wanting unqualified low earners - especially blacks - to have houses just like educated, middle-class people.
It’s all about “equity.”
Whenever Dems can’t defend their catastrophic policies, they just deny them.
Tell me: I bet you think the Dems didn’t intentionally flood the country with lowlife illegal aliens, amirite?
That isnt remotely true. Banks stopped caring if borrowers could repay because they didn’t plan to keep the loans. The republican repeal of Glass-Seagal opened the way for this by allowing firms to blend activities. This led to small down payments, adjustable mortgages that started low but got high, and other risky loans. Most subprime loans weren’t even to low-income borrowers, they were often to middle-income or speculative buyers. The core issue was incentives and risk being offloaded, not government pushing unqualified borrowers. The subprime boom was driven by private lenders and Wall Street securitization, not affordable housing policy.
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How the Democrats Created the Financial Crisis
Senior Fellow Kevin A. Hassett The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear Stearns Cos. to American International Group Inc., ambiguity has been a...
www.aei.org
Title doesn’t match the story genius. The story says we needed MORE regulation. That was what Dems pushed and GOP opposed. If you actually tried to learn you would be so fooled.How the Democrats Created the Financial Crisis
Senior Fellow Kevin A. Hassett The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear Stearns Cos. to American International Group Inc., ambiguity has been a...
Shit, Fannie and Freddy werent main causes of the crises.. they were late-cycle amplifiers, not the originators of the worst lending.
They did NOT:
- Lead the no-doc / NINJA loan explosion
- Dominate the private-label subprime market
- Create the worst underwriting practices
No, the story said the Dems voted AGAINST it.
….and allowed by Dems because they wanted poor people to be able to buy houses.
Democrats opposed only parts of the 2005 bill over concerns about restricting mortgage access and the structure of regulation, not because they opposed oversigh. That bill by itself wouldn’t have addressed the main drivers of the crisis anyway. The bill didn’t address the actual epicenter of the crisis which was private lenders and securitization incentives.
Your surface level googling has failed you on this topic. You look very silly.
But the Dems still opposed the bill “restricting access” and the crisis skyrocketed.
This is what happens when you try to “equitize” people
Again, nothing you typed is true and Fannie/freddie didnt drive the subprime crisis. Why cant you engage your brain without trying to make everything into racism?
Nothing racist about what I said: it is absolutely true that Dems are trying to “equitize” individual blacks who are unqualified for something - be it a job or a mortgage - for years.
- Thread starter
- #194
0bama's crash was one of major fundamental flaws in the economy. It was deep seated because so much fake wealth came tumbling down. Trillions in derivatives based on bad loans to unqualified (black) borrowers, and so many institutions were invested in these faulty instruments This little dip today is the result of the temporary spike in oil due to the Iran conflict. The fundamentals of Trump's record market are still extremely sound.
It would be easy to blame 0bama for the 2008-9 Great Recession, but in truth, he was only a marionette of his Marxist handlers who cratered the market intentionally. 0bama was the first in a long line of anointed actors who didn't know their ass from first base about any issue, nor were they recruited to. I remember during the (orchestrated) meltdown in September 2008, CNN put candidate 0bama on the split screen along with financial guys, presumably to showcase him as a problem solver. It quickly became clear the empty suit was in way over his head, as he didn't have much to say. I don't think CNN repeated that mistake. So you contrast that with Trump who understands economics inside out. Trump is calling the shots, and it's clear, based on his successful history, he knows exactly what he's doing.
It would be easy to blame 0bama for the 2008-9 Great Recession, but in truth, he was only a marionette of his Marxist handlers who cratered the market intentionally. 0bama was the first in a long line of anointed actors who didn't know their ass from first base about any issue, nor were they recruited to. I remember during the (orchestrated) meltdown in September 2008, CNN put candidate 0bama on the split screen along with financial guys, presumably to showcase him as a problem solver. It quickly became clear the empty suit was in way over his head, as he didn't have much to say. I don't think CNN repeated that mistake. So you contrast that with Trump who understands economics inside out. Trump is calling the shots, and it's clear, based on his successful history, he knows exactly what he's doing.
- Thread starter
- #195
Good link. That's exactly how I remember it going down. And you know who was the biggest recipient of campaign funds from Democrat-controlled Fannie and Freddie in his brief career as a senator? Barack 0bama. So he was hip-deep in the entire crisis.How the Democrats Created the Financial Crisis
Senior Fellow Kevin A. Hassett The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear Stearns Cos. to American International Group Inc., ambiguity has been a...
During his time in the Senate (2005–2008), Barack Obama was one of the top recipients of campaign contributions from employees and political action committees (PACs) of Fannie Mae and Freddie Mac.
ProPublica +1
- Ranking: Data from 2008 indicated that Obama was the second-highest recipient of these donations over the previous two decades, despite having only been in the Senate for four years at that time.
- Total Amount: As of September 2008, reports showed Obama had received $122,850 from Fannie Mae and Freddie Mac employees and PACs.
- Comparison: Senator Christopher Dodd was generally listed as the top recipient.
- Context: These donations became a significant issue during the 2008 presidential campaign following the bailout of the mortgage giants, though both Democrats and Republicans accepted funds from them.
ProPublica +3
Well this post didn't age well....and it didn't take that much time for it to completely blow up.
The market always comes back. It always does. I am more pointing out that your effusive praise of the Orange Roughy's stock market climbing above 50K (briefly), is unwarranted. He didn't do that.
- Thread starter
- #198
Of course he did it. And you just admitted you believe it will come back. So I guess the thread didn't blow up. Whoops.The market always comes back. It always does. I am more pointing out that your effusive praise of the Orange Roughy's stock market climbing above 50K (briefly), is unwarranted. He didn't do that.
LOL. If you are that submissive that you give him credit for it going above 50K, you also have to give him credit for knocking it back down to 45K with his mouth and incompetent actions.
Your post was fawning. Embarrassing. And yes, it blew up..badly.
Oh, and inflation hasn't dropped (it's rising again)..and prices???..what crack fever dream do you live in?
- Thread starter
- #200
So you're in the camp that believes Iran's terrorist network and efforts to acquire nuclear weapons should have been left alone? Got it.LOL. If you are that submissive that you give him credit for it going above 50K, you also have to give him credit for knocking it back down to 45K with his mouth and incompetent actions.
Your post was fawning. Embarrassing. And yes, it blew up..badly.
Oh, and inflation hasn't dropped (it's rising again)..and prices???..what crack fever dream do you live in?
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