Republicans try to kill Consumer Financial Protection agency before it even starts

[Bfgrn]

Good for them. The CFPA is not about protecting consumers.

REALLY? Then what is the CFPA about???

More gov't control. Don't you read the papers?

SO...our founding father's intent was for government to get out of the way so large corporations can swindle the people?

Oh, that's right...wealth= virtue. The elite are never unethical, they are just 'savvy'

They are not subject to ethics, morals or 'personal responsibility'...that is for the 'commoners'

The American right...peasants for plutocrats

 

[Nic_Driver]

Hint: That's already illegal.

Yes, it is regulated. If we had had better regulation and stronger enforcement he could have been caught sooner.

the liberal theory that all human misbehavior can be prevented with stronger government regulation simply isn't credible. There will always be bad people who break the laws on the books. Many of these people are in the government. Government cannot force people to be good.

Then why make anything illegal? What exactly is your arugment?

 

[Nic_Driver]

It is just insane how much they watn to be ripped off by scammers.

You mean scammers like Obama?

No one has ever ripped me off more than the federal government.

Social Security and Medicare are the biggest Ponzi schemes ever devised.

No they're not, you are wrong.

 

[The Rabbi]

It is just insane how much they watn to be ripped off by scammers.

You mean scammers like Obama?

No one has ever ripped me off more than the federal government.

Social Security and Medicare are the biggest Ponzi schemes ever devised.

No they're not, you are wrong.

Hmm, they take money from new customers to give to old customers. They make outlandish promises that cannot be kept. They result in ever-larger taxpayer subsidies required.
Which part of that is NOT a Ponzi scheme?

 

[The Rabbi]

REALLY? Then what is the CFPA about???

More gov't control. Don't you read the papers?

SO...our founding father's intent was for government to get out of the way so large corporations can swindle the people?

Oh, that's right...wealth= virtue. The elite are never unethical, they are just 'savvy'

They are not subject to ethics, morals or 'personal responsibility'...that is for the 'commoners'

The American right...peasants for plutocrats

Given that you're a half-wit it is not surprising you got it half right.
The Founders' intent was to keep government limited so people could go about their business. They established redress via the courts.

 

[Nic_Driver]

When are people supposed to be responsible for their own actions?

Good point, we need to hold those responsible for the economic crisis accountable for their actions. The ones who violated the regulations and those who failed to properly regulate them should be held responsible, why aren't they?


Would anyone oppose the police in their town? Do you think having laws and police somehow allows people to act recklessly or do you think they protect your township and it's population?


Given the raping we just took at the hands of the financial sector, why would you or anyone oppose justice and protection for those violated and jail time for the rapists?

 

[The Rabbi]

When are people supposed to be responsible for their own actions?

Good point, we need to hold those responsible for the economic crisis accountable for their actions. The ones who violated the regulations and those who failed to properly regulate them should be held responsible, why aren't they?


Would anyone oppose the police in their town? Do you think having laws and police somehow allows people to act recklessly or do you think they protect your township and it's population?


Given the raping we just took at the hands of the financial sector, why would you or anyone oppose justice and protection for those violated and jail time for the rapists?

Who is responsible for the economic crisis?
Barney Frank is still in Congress. Ben Bernanke is still at the Fed. The Democrats still hold the Senate.
Where is the outrage??

 

[kiwiman127]

No, it was about assholes that couldn't pay their mortgages and their bills in general.

Yes the shits that lived beyond their means are the prick ***** to blame - or one of them.

Its funny how those assholes assets are being repossessed and rightly so.

**** them and **** everything they believe they're entitled to.

The only thing that matters is CAN YOU PAY FOR IT???

Not in 2099 but within the next few years...

Human beings are a stupid species...

Many of those "assholes" were victims of predatory lending practices and fraud by the banks. Maybe you haven't kept up on all lawsuits and investigations of fraud by the banks & other financial institutions. Quite of a few of the Big Banks have paid fines to stop further investigations, fraud charges and lawsuits.
Secondly, yes people did abuse their credit. Some of those people bought toys and tried to "keep up with the Jones". Others used the credit just to survive a decade of flat wages.
The point is as I have pointed out before, you far righties blame working Americans and don't point a finger at the financial institutions that practiced predatory practices, you defend that group.
The far right cries and moans about regulations yet those entities have consistently showed that they refuse to regulate themselves. The results have been disastrous for millions and millions of working Americans and the US economy. Yet, there are those who don't care about all the damage caused by their holy hero's, the financial sector.
It's always the little guys fault.
I have yet to see anything the far right has pushed that equates any benefit for the working class. But they are hell bent on doing anything that benefits Corporate America.
For the far right, Corporate Welfare is good, something for the welfare of the lower 80% is a big no, no,,,it's socialism!
The far right are nothing but tools in the quest for a plutocratic America, their actions and words prove it.

There is no such thing as "predator lending". You are misinformed. Again.

Egads,,,,,
Going to Google Advance Search and entering "predatory lending practices" in the and exact wording or phrase ,I yielded,,,About 372,000 results (0.10 seconds)

Many of the results described what predatory lending practices were including top financial publication, reference tools and government entities.

 

[The Rabbi]

Many of those "assholes" were victims of predatory lending practices and fraud by the banks. Maybe you haven't kept up on all lawsuits and investigations of fraud by the banks & other financial institutions. Quite of a few of the Big Banks have paid fines to stop further investigations, fraud charges and lawsuits.
Secondly, yes people did abuse their credit. Some of those people bought toys and tried to "keep up with the Jones". Others used the credit just to survive a decade of flat wages.
The point is as I have pointed out before, you far righties blame working Americans and don't point a finger at the financial institutions that practiced predatory practices, you defend that group.
The far right cries and moans about regulations yet those entities have consistently showed that they refuse to regulate themselves. The results have been disastrous for millions and millions of working Americans and the US economy. Yet, there are those who don't care about all the damage caused by their holy hero's, the financial sector.
It's always the little guys fault.
I have yet to see anything the far right has pushed that equates any benefit for the working class. But they are hell bent on doing anything that benefits Corporate America.
For the far right, Corporate Welfare is good, something for the welfare of the lower 80% is a big no, no,,,it's socialism!
The far right are nothing but tools in the quest for a plutocratic America, their actions and words prove it.

There is no such thing as "predator lending". You are misinformed. Again.

Egads,,,,,
Going to Google Advance Search and entering "predatory lending practices" in the and exact wording or phrase ,I yielded,,,About 372,000 results (0.10 seconds)

Many of the results described what predatory lending practices were including top financial publication, reference tools and government entities.

Go and Google "fake moon landing" and you'll find over a million results.
Doesn't make it true.

Again, there is no such thing as predatory lending. Any more than there is predatory car insurance. Lenders make loans based on criteria and price them accordingly. No one forces borrowers to take these loans and they are documented extensively. I can say this having worked for 9 years as a B/C mortgage originator and sat in on hundreds of closings.

 

[kiwiman127]

When are people supposed to be responsible for their own actions?

Good point, we need to hold those responsible for the economic crisis accountable for their actions. The ones who violated the regulations and those who failed to properly regulate them should be held responsible, why aren't they?


Would anyone oppose the police in their town? Do you think having laws and police somehow allows people to act recklessly or do you think they protect your township and it's population?


Given the raping we just took at the hands of the financial sector, why would you or anyone oppose justice and protection for those violated and jail time for the rapists?

Who is responsible for the economic crisis?
Barney Frank is still in Congress. Ben Bernanke is still at the Fed. The Democrats still hold the Senate.
Where is the outrage??

My outrage is that you're such a dumb ****.
Anyone with an ounce of intelligence knows that both parties (GOP & Dems) hold responsibility, along with financial entities were responsible for the economic crisis.
Only a weak minded no-mind would point to just the Dems or GOP and cry "it's their fault"!

 

[The Rabbi]

Good point, we need to hold those responsible for the economic crisis accountable for their actions. The ones who violated the regulations and those who failed to properly regulate them should be held responsible, why aren't they?


Would anyone oppose the police in their town? Do you think having laws and police somehow allows people to act recklessly or do you think they protect your township and it's population?


Given the raping we just took at the hands of the financial sector, why would you or anyone oppose justice and protection for those violated and jail time for the rapists?

Who is responsible for the economic crisis?
Barney Frank is still in Congress. Ben Bernanke is still at the Fed. The Democrats still hold the Senate.
Where is the outrage??

My outrage is that you're such a dumb ****.
Anyone with an ounce of intelligence knows that both parties (GOP & Dems) hold responsibility, along with financial entities were responsible for the economic crisis.
Only a weak minded no-mind would point to just the Dems or GOP and cry "it's their fault"!

There is no outrage you are stupid and ignorant. Just sadness you continue to post.
Fact: The Democrats controlled Congress when the economy tanked.
Fact: Bush appointed Bernanke who pursued overly loose money policy.
Fact: Obama re-appointed Bernanke.

 

[kiwiman127]

There is no such thing as "predator lending". You are misinformed. Again.

Egads,,,,,
Going to Google Advance Search and entering "predatory lending practices" in the and exact wording or phrase ,I yielded,,,About 372,000 results (0.10 seconds)

Many of the results described what predatory lending practices were including top financial publication, reference tools and government entities.

Go and Google "fake moon landing" and you'll find over a million results.
Doesn't make it true.

Again, there is no such thing as predatory lending. Any more than there is predatory car insurance. Lenders make loans based on criteria and price them accordingly. No one forces borrowers to take these loans and they are documented extensively. I can say this having worked for 9 years as a B/C mortgage originator and sat in on hundreds of closings.

There aren't predatory lending practices and they never happened.

HUD Predatory Lending
Predatory Lending and Its Common Practices
http://www.chlp.org/docs/predlending.pdf
PREDATORY LENDING PRACTICES / ABUSIVE LOAN PRACTICES
Curbing Predatory Lending Practices - The Nader Page
Texas Response to Predatory Lending Practices
Iowa Attorney General, Tom Miller
Staff Report on Predatory Lending Practices
About Predatory Lending
A Brief Primer on Fighting Predatory Lending Practices
http://www.predatorylendinglaw.com/Attachments/Primerof10.05.pdf
Wells Fargo Sued for Predatory Lending Practices : ADI News

What excacty are the reasons that 50 states are chasing financial institutions in court?

 

[kiwiman127]

Who is responsible for the economic crisis?
Barney Frank is still in Congress. Ben Bernanke is still at the Fed. The Democrats still hold the Senate.
Where is the outrage??

My outrage is that you're such a dumb ****.
Anyone with an ounce of intelligence knows that both parties (GOP & Dems) hold responsibility, along with financial entities were responsible for the economic crisis.
Only a weak minded no-mind would point to just the Dems or GOP and cry "it's their fault"!

There is no outrage you are stupid and ignorant. Just sadness you continue to post.
Fact: The Democrats controlled Congress when the economy tanked.Fact: Bush appointed Bernanke who pursued overly loose money policy.
Fact: Obama re-appointed Bernanke.

The GOP controlled congress from 2001-2007.
The Dems started their control of Congress in January of 2007, the country went into a recession in December of 2007 after two successive quarters of decreased growth. The first Democratic budget, which "W" signed, started in October 1, 2007 while the economy was already in decline while the country was running on the last GOP/GWB budget.
And the housing market busted in 2006 and 2007

"Across the country, the housing industry is recovering unevenly. Many of the cities now setting new lows have been struggling with high unemployment, more foreclosures and, in some cases, a delayed response to the housing bust in 2006 and 2007."
Home prices plummet in most big US cities - Yahoo! Finance

You were in the mortgage industry and you didn't even know about when the housing bubble burst? Now that's scary.

 

[cutter]

People can't make financial decision for themselves.

They need the all-knowing hand of the government to protect them.

The Government is my shepherd,
I shall not want;
He makes me lie down in green technology...

I hope everyone can see how well the Democrats manage their own budget, Oh Yea, they couldn't manage,or even try, to pass one, AND NOW they want to help you with yours. F**K NO!

 

[Chris]

The reason the economy tanked is the lack of government regulation on Wall Street.

This allowed Wall Street to run a $516 TRILLION DOLLAR derivative Ponzi scheme.

The only person who warned about it was Warren Buffett. Click on the link...

Derivatives are the new ticking time bomb Paul B. Farrell - MarketWatch

 

[Truthmatters]

Many warned of it.

The right just pretended it was never coming.

Then as soon as it happened they blamed it on someone else.

Its what the right does non stop.

 

[The Rabbi]

Egads,,,,,
Going to Google Advance Search and entering "predatory lending practices" in the and exact wording or phrase ,I yielded,,,About 372,000 results (0.10 seconds)

Many of the results described what predatory lending practices were including top financial publication, reference tools and government entities.

Go and Google "fake moon landing" and you'll find over a million results.
Doesn't make it true.

Again, there is no such thing as predatory lending. Any more than there is predatory car insurance. Lenders make loans based on criteria and price them accordingly. No one forces borrowers to take these loans and they are documented extensively. I can say this having worked for 9 years as a B/C mortgage originator and sat in on hundreds of closings.

There aren't predatory lending practices and they never happened.

HUD Predatory Lending
Predatory Lending and Its Common Practices
http://www.chlp.org/docs/predlending.pdf
PREDATORY LENDING PRACTICES / ABUSIVE LOAN PRACTICES
Curbing Predatory Lending Practices - The Nader Page
Texas Response to Predatory Lending Practices
Iowa Attorney General, Tom Miller
Staff Report on Predatory Lending Practices
About Predatory Lending
A Brief Primer on Fighting Predatory Lending Practices
http://www.predatorylendinglaw.com/Attachments/Primerof10.05.pdf
Wells Fargo Sued for Predatory Lending Practices : ADI News

What excacty are the reasons that 50 states are chasing financial institutions in court?

Because mortgage companies don't vote and deadbeat borrowers do.

You should really get your information from someplace other than Google. You would sound more credible.

 

[The Rabbi]

My outrage is that you're such a dumb ****.
Anyone with an ounce of intelligence knows that both parties (GOP & Dems) hold responsibility, along with financial entities were responsible for the economic crisis.
Only a weak minded no-mind would point to just the Dems or GOP and cry "it's their fault"!

There is no outrage you are stupid and ignorant. Just sadness you continue to post.
Fact: The Democrats controlled Congress when the economy tanked.Fact: Bush appointed Bernanke who pursued overly loose money policy.
Fact: Obama re-appointed Bernanke.

The GOP controlled congress from 2001-2007.
The Dems started their control of Congress in January of 2007, the country went into a recession in December of 2007 after two successive quarters of decreased growth. The first Democratic budget, which "W" signed, started in October 1, 2007 while the economy was already in decline while the country was running on the last GOP/GWB budget.
And the housing market busted in 2006 and 2007

"Across the country, the housing industry is recovering unevenly. Many of the cities now setting new lows have been struggling with high unemployment, more foreclosures and, in some cases, a delayed response to the housing bust in 2006 and 2007."
Home prices plummet in most big US cities - Yahoo! Finance

You were in the mortgage industry and you didn't even know about when the housing bubble burst? Now that's scary.

I left the mortgage biz in '99, probably before you were born.
OK, so you agree the recession started after the Dems took control of Congress. Recall that Nancy Pelosi pushed a stimulus bill to help all this. It included bribes--oops, checks to consumers of $300 or so. We see how Democrat-sponsored stimulus measures have worked. We have had about 3 now. All of them failures.
Obamanomics (the shorthand for all this) is a gross failure. It is a failure in that it failed to help the economy. It is successful in that it achieved its true purpose, which is more power for the gov't. That purpose is furthered by useful idiots like you who have been brainwashed to believe evil mortgage companies and banks caused all this.

 

[Truthmatters]

There you have it.

Pretending these court cases dont even exsist.

There is NO level of proof the right will accepet.



Court documents, court cases, scientific studies, DOJ studies done by their own party, congressional testimony of computer experts who had been asked by the party to keep voters off the rolls and video of their own people talking about keeping people from voting.


How do you discuss anything with people who refuse any level of documentation of a fact?

 

[The Rabbi]

There you have it.

Pretending these court cases dont even exsist.

There is NO level of proof the right will accepet.



Court documents, court cases, scientific studies, DOJ studies done by their own party, congressional testimony of computer experts who had been asked by the party to keep voters off the rolls and video of their own people talking about keeping people from voting.


How do you discuss anything with people who refuse any level of documentation of a fact?

That's why I ignore your posts.