Some simple questions for Trump supporters

[Robert W]

He is a troll. He won’t even share his credentials. I am not going to debate an ignorant defect who doesn’t understand basic Econ and finance.

He is up against the two of us who have many hours of education and years of experience.

 

[AzogtheDefiler]

I haven’t surrendered. You’re the one running away.

You’re such a pussy you couldn’t even debate the topic and tried to make it personal.

Of course you surrendered. I answered Your questions and you didn’t answer mine. That’s surrender. Too easy. Now you’re getting all emotional. Boo hoo.

 

[Robert W]

He is a troll. He won’t even share his credentials. I am not going to debate an ignorant defect who doesn’t understand basic Econ and finance.

Aside from my having vast amounts of education in the fields of real estate and laws about it, as a Broker the state forced me to also study finance. It was not an option. I doubt this guy did more than take art courses if he was in college as you and I both were.

I have long believed given I was in that business when the crap hit the fan and had been since the early 1970s, I know much more about this than this dude knows.

 

[AzogtheDefiler]

Aside from my having vast amounts of education in the fields of real estate and laws about it, as a Broker the state forced me to also study finance. It was not an option. I doubt this guy did more than take art courses if he was in college as you and I both were.

I have long believed given I was in that business when the crap hit the fan and had been since the early 1970s, I know much more about this than this dude knows.

I have an MBA from NU with a concentration in finance and have been working in finance on the commercial side for 20 yrs. He is talking out of his ass

 

[Marener]

For conventional loans, it was both Fannie Mae and Freddie Mac setting the rules we all followed. I studied this in both college and industry courses just to be eligible to do loans for borrowers. We had to know the law and history. Are you willing to learn from two experts, me and Azogthedefiler?

Fannie Mae and Freddie Mac only set the rules for loans made through their banks, but that’s not how the lions share of subprime were made. Fannie and Freddie lost tremendous market share during the subprime bubble.

Fannie Mae and Freddie Mac don’t control lending standards across the entire industry.

 

[Robert W]

The investment banks and mortgage brokers.

If you had shown a desire to really learn, I was willing to educate you for a while longer.
Investment banks did what? We mortgage brokers did what?

 

[Robert W]

I have an MBA from NU with a concentration in finance and have been working in finance on the commercial side for 20 yrs. He is talking out of his ass

I agree.

 

[AzogtheDefiler]

Fannie Mae and Freddie Mac only set the rules for loans made through their banks, but that’s not how the lions share of subprime were made. Fannie and Freddie lost tremendous market share during the subprime bubble.

Fannie Mae and Freddie Mac don’t control lending standards across the entire industry.

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Defect. Did the banks insure these loans? Yes or no? What are your credentials again?

 

[Robert W]

Fannie Mae and Freddie Mac only set the rules for loans made through their banks, but that’s not how the lions share of subprime were made. Fannie and Freddie lost tremendous market share during the subprime bubble.

Fannie Mae and Freddie Mac don’t control lending standards across the entire industry.

Home loans were the primary business of Fannie Mae and Freddie Mac. I now realize I am wasting time trying to educate you. I never said they had a role in subprimes. They also played no role in FHA and VA loans. Fannie Mae and Freddie Mac were the main regulators over the vast majority of home loans. VA regulated loans and so did FHA.

I told you Clinton wanted loans to go to more borrowers. Borrowers who would use subprime loans. I was in the middle of this storm. I recall damned well what we were ruled by and how the subprime collapse happened. And no sir, Bush did not cause it. Clinton played a role though. I believe with not asking Clinton why he wanted more loans to the hardly willing to pay group. I believe as my opinion he saw that VA loans did not require a downpayment and had better interest rates. And decided to allow more borrowers to get cash to buy homes who happened not to be cream of the crop buyers or borrowers.

 

[Robert W]

Fannie Mae and Freddie Mac don’t control lending standards across the entire indust

Correct so you don't need to make that your argument. It is not my argument at all. I was trying to broaden the education to you to help you learn.

 

[Robert W]

Fannie Mae and Freddie Mac only set the rules for loans made through their banks,

What banks? I have been to many banks and never to a bank owned by either. When they bless a loan, it can be sold to investors.

 

[Marener]

Home loans were the primary business of Fannie Mae and Freddie Mac. I now realize I am wasting time trying to educate you. I never said they had a role in subprimes. They also played no role in FHA and VA loans. Fannie Mae and Freddie Mac were the main regulators over the vast majority of home loans. VA regulated loans and so did FHA.

I told you Clinton wanted loans to go to more borrowers. Borrowers who would use subprime loans. I was in the middle of this storm. I recall damned well what we were ruled by and how the subprime collapse happened. And no sir, Bush did not cause it. Clinton played a role though. I believe with not asking Clinton why he wanted more loans to the hardly willing to pay group. I believe as my opinion he saw that VA loans did not require a downpayment and had better interest rates. And decided to allow more borrowers to get cash to buy homes who happened not to be cream of the crop buyers or borrowers.

No need to be a condescending asshole. You've not told me anything I didn't already know or hear decades ago.

GSEs lost tons of market share in the subprime crisis, as my graph showed you. In fact, non-GSEs had more loan originations in 2005 and 2006 than the GSEs did, meaning that they were not regulating the vast majority of home loans as the bubble was being created.

I never said Bush caused it. I never said Clinton caused it.

The market caused it.

You need to get out of a narrow mind set that the government or the president causes everything. There's much more to it than that.

 

[Marener]

What banks? I have been to many banks and never to a bank owned by either. When they bless a loan, it can be sold to investors.

Loans can be sold to investors whether they've been blessed by Fannie Mae and Freddie Mac or not.

 

[Leviticus]

The former GOP you can argue about. If not for covid, Americans would have been in a great situation though I agree he must cut down on your deficit and debt. This is true for any president.

Given that Trump, in only four years, added just as much to the debt as either Bush or Obama did in 8 years each, I can't see a second Trump term that does anything to help. If he continues the economic policies from last time, I see the grand total being somewhere between $14-$16 billion between his first and second terms..

Both Bush and Obzma ended up adding around $7-$8 billion each. But Bush had to deal with the .com bubble bursting which fucked the economyand was gonna end up with a huge deficit either way, and several economy crises that were really his fault overall.
Obama inherited a recession and had the economy pretty healthy overall even. We recovered from the recession relatively quickly compared to other recessions like the one under Reagan.

Trump added about the same to the debt in half the time. The pandemic is partially to blame but he was already running at deficit so ranging from $2 trillion to as high as $5 trillion annually well before then.
I don't see Trump's economic policies changing. In fact, I forsee more corporations being given billions in subsidies, huge tax cuts with no significant spending cuts just like last time.

 

[shockedcanadian]

Given that Trump, in only four years, added just as much to the debt as either Bush or Obama did in 8 years each, I can't see a second Trump term that does anything to help. If he continues the economic policies from last time, I see the grand total being somewhere between $14-$16 billion between his first and second terms..

Both Bush and Obzma ended up adding around $7-$8 billion each. But Bush had to deal with the .com bubble bursting which fucked the economyand was gonna end up with a huge deficit either way, and several economy crises that were really his fault overall.
Obama inherited a recession and had the economy pretty healthy overall even. We recovered from the recession relatively quickly compared to other recessions like the one under Reagan.

Trump added about the same to the debt in half the time. The pandemic is partially to blame but he was already running at deficit so ranging from $2 trillion to as high as $5 trillion annually well before then.
I don't see Trump's economic policies changing. In fact, I forsee more corporations being given billions in subsidies, huge tax cuts with no significant spending cuts just like last time.

You should celebrate Musks government efficiency pursuit then. He said he could cut.$2T from.the annual costs of.running the government,.shutting down some unneeded.agencies and such. If you dont address your expenses the U.S is in big trouble and will become just another Middle Power like Canada. Just a matter of time before creepy cradle to the grave.policing occurs as if you were back in England again.

 

[struth]

Investigating and regulating Fannie Mae and Freddie Mac would have done nothing to prevent the Lehman’s of the world from buying poor quality loans, which is where the vast majority of the problem was.

The problem was when people stopped by their loans. Which were the poor quality sub prime loans dems forced banks to give

That was the root cause of the problem

 

[struth]

You see stupid.

Since the beginning fee of the post-pandemic inflation surge in Jan. 1, 2021, prices have risen 20.0 percent, compared with a 17.4 percent increase in wages over the same period, Bankrate’s second-annual Wage To Inflation Index found.

Study: Wages Are Still Losing In The Post-Pandemic Inflation Race | Bankrate

Since Jan. 1, 2021, prices have risen 20.0 percent, compared with a 17.4 percent increase in wages, Bankrate’s Wage To Inflation Index found.

www.bankrate.com

These facts don’t matter to dembots

 

[Rogue AI]

If only the American electorate were rational enough to look at the facts and data except going with their feelings.

The electorate was rationally looking at their expenses while silly liberals were pushing woke agendas and calling them garbage.

What data supports there is any rational benefit to DEI hiring or boys pretending to be girls in sports? I'll wait.

 

[Hum Dinger]

Clinton was very fortunate that the Dot.com boom hit America so much many got rich from owning stocks. A look at the Clinton budgets will prove he was in the dark about the economy.

So, you think that balanced budgets and budget surpluses are bad.

I understand - you're an idiot!

 

[Rawley]

Given that Trump, in only four years, added just as much to the debt as either Bush or Obama did in 8 years each, I can't see a second Trump term that does anything to help.

Are you expecting another pandemic?