Tea Party "terrorists"?

[Toddsterpatriot]

What do you dispute?

That Fannie and Freddie are private.
That Fannie and Freddie's problems are because the government left the private sector alone.
Why haven't the Dems who perpetrated the earnings fraud at Fannie been incarcerated yet?

You ever hear of the CRA??

Force banks to make bad loans.
Complain that banks aren't making enough bad loans.
After the crisis, complain that the banks lost too much money.
Raise capital requirements on the banks.
Complain that banks are now making too few loans.

The Dem playbook for the banks.

 

[NYcarbineer]

What do you dispute?

That Fannie and Freddie are private.
That Fannie and Freddie's problems are because the government left the private sector alone.
Why haven't the Dems who perpetrated the earnings fraud at Fannie been incarcerated yet?

You ever hear of the CRA??

You should learn to read. The last time you were talking about it I asked you if you ever read the actual statute?

Did you answer me?

 

[NYcarbineer]

That Fannie and Freddie are private.
That Fannie and Freddie's problems are because the government left the private sector alone.
Why haven't the Dems who perpetrated the earnings fraud at Fannie been incarcerated yet?

You ever hear of the CRA??

Force banks to make bad loans.
Complain that banks aren't making enough bad loans.
After the crisis, complain that the banks lost too much money.
Raise capital requirements on the banks.
Complain that banks are now making too few loans.

The Dem playbook for the banks.

Unlike you, I've actually read the CRA. That makes your blather all the more amusing.

 

[Mr.Nick]

That Fannie and Freddie are private.
That Fannie and Freddie's problems are because the government left the private sector alone.
Why haven't the Dems who perpetrated the earnings fraud at Fannie been incarcerated yet?

You ever hear of the CRA??

Force banks to make bad loans.
Complain that banks aren't making enough bad loans.
After the crisis, complain that the banks lost too much money.
Raise capital requirements on the banks.
Complain that banks are now making too few loans.

The Dem playbook for the banks.

That caused the economic "collapse."

 

[Mr.Nick]

That Fannie and Freddie are private.
That Fannie and Freddie's problems are because the government left the private sector alone.
Why haven't the Dems who perpetrated the earnings fraud at Fannie been incarcerated yet?

You ever hear of the CRA??

You should learn to read. The last time you were talking about it I asked you if you ever read the actual statute?

Did you answer me?

Yes I have read it but apparently you have no clue its been amended several times.

I have pointed out in several posts that the goddamn problem was with the amendments of 1992, 1994 and 1995.....

Community Reinvestment Act - Wikipedia, the free encyclopedia

 

[Mr.Nick]

You ever hear of the CRA??

Force banks to make bad loans.
Complain that banks aren't making enough bad loans.
After the crisis, complain that the banks lost too much money.
Raise capital requirements on the banks.
Complain that banks are now making too few loans.

The Dem playbook for the banks.

Unlike you, I've actually read the CRA. That makes your blather all the more amusing.

Good for you - apparently you missed the amendments.

What, did you read the fucking thing in 1977?

 

[Bfgrn]

What do you dispute?

That Fannie and Freddie are private.
That Fannie and Freddie's problems are because the government left the private sector alone.
Why haven't the Dems who perpetrated the earnings fraud at Fannie been incarcerated yet?

You ever hear of the CRA??

Yea Nick, what sucks for you right wing turds is the CRA was not to blame for economy's crash.

Is the Wall Street Journal 'credible' enough for you Monica?

Why are all you right wingers so fucking ignorant? EVERYTHING you believe is nothing but bullshit social propaganda spoon fed to you by the Fox News, right wing talking heads and every other mouthpiece for the elite. It is amazing you make it across the street without getting creamed...you don't even know your ass from a hole in the ground!

Here is what we DO know:

1) The financial crisis was not caused by low and middle income families buying a home.

2) It was not caused by dead beat poor people.

3) Fannie and Freddie were not to cause.

4) The Community Investment Act was not the culprit either.

The crisis was caused by private lending, to mostly upper middle class and the wealthy. ONLY 6% of of all the higher-priced loans were extended by CRA-covered lenders to lower-income borrowers or neighborhoods in their CRA assessment areas. The majority of those foreclosed on were wealthy and upper middle class, plus a large segment of buyers who were wealthy home flippers looking for a fast buck. They strategically walked away from their mortgages, leaving people who bought homes to live in with lower values on their house and neighborhood.

AND, what really sucks for the right wing propaganda of lies, all the way back to the late '90's there was one very outspoken and vocal critic of predatory lending practices, they even held protests at companies like Wells Fargo and Lehman Brothers...ACORN


WSJ - Fed’s Kroszner: Don’t Blame CRA

WSJ - Fed’s Kroszner: Don’t Blame CRA - The Sequel

Reuters - UPDATE 2-Lending to poor didn't spur crisis

Don't Blame the Community Reinvestment Act

Business Insider - Here's Why Fannie And Freddie Are Not At Fault For The Housing Bubble

Center for Responsible Lending - CRA is not to Blame for the Mortgage Meltdown

Don't blame Fannie and Freddie

Private sector loans, not Fannie or Freddie, triggered crisis

ForeclosureS.com - ACORN - Progress in the Fight Against Predatory Lending

Acorn Led Financial Sector With Warnings on Lending

Biggest Defaulters on Mortgages Are the Rich

The Millionaire Foreclosure Club

Foreclosure double standard: Why the rich get away with defaulting

More Rich People Default On Mortgages

The rich bail faster on mortgages

Biggest Defaulters on Mortgages Are the Rich

Rich Borrowers More Likely to Default on Mortgage

Foreclosures & Walking Away: 60 Minutes Eyes an ‘Epidemic’

Speculation By Investors Largely Cause Of Foreclosure Crisis

How the Foreclosure Crisis Started: Investors, Speculators, Mortgage Fraud & Lax Lending Standards


"Eighty percent of Republicans are just Democrats that don't know what's going on"
Robert F. Kennedy Jr.

 

[Toddsterpatriot]

That Fannie and Freddie are private.
That Fannie and Freddie's problems are because the government left the private sector alone.
Why haven't the Dems who perpetrated the earnings fraud at Fannie been incarcerated yet?

You ever hear of the CRA??

Yea Nick, what sucks for you right wing turds is the CRA was not to blame for economy's crash.

Is the Wall Street Journal 'credible' enough for you Monica?

Why are all you right wingers so fucking ignorant? EVERYTHING you believe is nothing but bullshit social propaganda spoon fed to you by the Fox News, right wing talking heads and every other mouthpiece for the elite. It is amazing you make it across the street without getting creamed...you don't even know your ass from a hole in the ground!

Here is what we DO know:

1) The financial crisis was not caused by low and middle income families buying a home.

2) It was not caused by dead beat poor people.

3) Fannie and Freddie were not to cause.

4) The Community Investment Act was not the culprit either.

The crisis was caused by private lending, to mostly upper middle class and the wealthy. ONLY 6% of of all the higher-priced loans were extended by CRA-covered lenders to lower-income borrowers or neighborhoods in their CRA assessment areas. The majority of those foreclosed on were wealthy and upper middle class, plus a large segment of buyers who were wealthy home flippers looking for a fast buck. They strategically walked away from their mortgages, leaving people who bought homes to live in with lower values on their house and neighborhood.

AND, what really sucks for the right wing propaganda of lies, all the way back to the late '90's there was one very outspoken and vocal critic of predatory lending practices, they even held protests at companies like Wells Fargo and Lehman Brothers...ACORN


WSJ - Fed’s Kroszner: Don’t Blame CRA

WSJ - Fed’s Kroszner: Don’t Blame CRA - The Sequel

Reuters - UPDATE 2-Lending to poor didn't spur crisis

Don't Blame the Community Reinvestment Act

Business Insider - Here's Why Fannie And Freddie Are Not At Fault For The Housing Bubble

Center for Responsible Lending - CRA is not to Blame for the Mortgage Meltdown

Don't blame Fannie and Freddie

Private sector loans, not Fannie or Freddie, triggered crisis

ForeclosureS.com - ACORN - Progress in the Fight Against Predatory Lending

Acorn Led Financial Sector With Warnings on Lending

Biggest Defaulters on Mortgages Are the Rich

The Millionaire Foreclosure Club

Foreclosure double standard: Why the rich get away with defaulting

More Rich People Default On Mortgages

The rich bail faster on mortgages

Biggest Defaulters on Mortgages Are the Rich

Rich Borrowers More Likely to Default on Mortgage

Foreclosures & Walking Away: 60 Minutes Eyes an ‘Epidemic’

Speculation By Investors Largely Cause Of Foreclosure Crisis

How the Foreclosure Crisis Started: Investors, Speculators, Mortgage Fraud & Lax Lending Standards


"Eighty percent of Republicans are just Democrats that don't know what's going on"
Robert F. Kennedy Jr.

"1) The financial crisis was not caused by low and middle income families buying a home"

You're right, the crisis strted when those buyers stopped paying their mortgages.

"2) It was not caused by dead beat poor people"

That was the beginning of the crisis.

"3) Fannie and Freddie were not to cause"

Fannie and Freddie made the bubble bigger and will end up costing taxpayers hundreds of billions of dollars.

"4) The Community Investment Act was not the culprit either"

There was no single cause, but the CRA helped get the ball rolling and made it worse than it would have been otherwise.

 

[Bfgrn]

You ever hear of the CRA??

Yea Nick, what sucks for you right wing turds is the CRA was not to blame for economy's crash.

Is the Wall Street Journal 'credible' enough for you Monica?

Why are all you right wingers so fucking ignorant? EVERYTHING you believe is nothing but bullshit social propaganda spoon fed to you by the Fox News, right wing talking heads and every other mouthpiece for the elite. It is amazing you make it across the street without getting creamed...you don't even know your ass from a hole in the ground!

Here is what we DO know:

1) The financial crisis was not caused by low and middle income families buying a home.

2) It was not caused by dead beat poor people.

3) Fannie and Freddie were not to cause.

4) The Community Investment Act was not the culprit either.

The crisis was caused by private lending, to mostly upper middle class and the wealthy. ONLY 6% of of all the higher-priced loans were extended by CRA-covered lenders to lower-income borrowers or neighborhoods in their CRA assessment areas. The majority of those foreclosed on were wealthy and upper middle class, plus a large segment of buyers who were wealthy home flippers looking for a fast buck. They strategically walked away from their mortgages, leaving people who bought homes to live in with lower values on their house and neighborhood.

AND, what really sucks for the right wing propaganda of lies, all the way back to the late '90's there was one very outspoken and vocal critic of predatory lending practices, they even held protests at companies like Wells Fargo and Lehman Brothers...ACORN


WSJ - Fed’s Kroszner: Don’t Blame CRA

WSJ - Fed’s Kroszner: Don’t Blame CRA - The Sequel

Reuters - UPDATE 2-Lending to poor didn't spur crisis

Don't Blame the Community Reinvestment Act

Business Insider - Here's Why Fannie And Freddie Are Not At Fault For The Housing Bubble

Center for Responsible Lending - CRA is not to Blame for the Mortgage Meltdown

Don't blame Fannie and Freddie

Private sector loans, not Fannie or Freddie, triggered crisis

ForeclosureS.com - ACORN - Progress in the Fight Against Predatory Lending

Acorn Led Financial Sector With Warnings on Lending

Biggest Defaulters on Mortgages Are the Rich

The Millionaire Foreclosure Club

Foreclosure double standard: Why the rich get away with defaulting

More Rich People Default On Mortgages

The rich bail faster on mortgages

Biggest Defaulters on Mortgages Are the Rich

Rich Borrowers More Likely to Default on Mortgage

Foreclosures & Walking Away: 60 Minutes Eyes an ‘Epidemic’

Speculation By Investors Largely Cause Of Foreclosure Crisis

How the Foreclosure Crisis Started: Investors, Speculators, Mortgage Fraud & Lax Lending Standards


"Eighty percent of Republicans are just Democrats that don't know what's going on"
Robert F. Kennedy Jr.

"1) The financial crisis was not caused by low and middle income families buying a home"

You're right, the crisis strted when those buyers stopped paying their mortgages.

"2) It was not caused by dead beat poor people"

That was the beginning of the crisis.

"3) Fannie and Freddie were not to cause"

Fannie and Freddie made the bubble bigger and will end up costing taxpayers hundreds of billions of dollars.

"4) The Community Investment Act was not the culprit either"

There was no single cause, but the CRA helped get the ball rolling and made it worse than it would have been otherwise.

I guess you are not old enough to read. So dogma, ignorance and parroting propaganda is all you are capable of...

Understood...

 

[kaz]

That's not what it means. The tea party would see the country default if they can't get their way.

That is the harm being talked about. Try again.

I've asked you libbies over and over when the interest payments are $20 billion a month and tax revenue is $200 billion a month why we would default. You haven't answered the question, you just repeated the lie as if you did. Try again.

Not paying the interest on the debt is not the only way to default.

You don't seem to understand what the term means.

Right, hence my question Einstein. In bold above.

 

[Full-Auto]

I've asked you libbies over and over when the interest payments are $20 billion a month and tax revenue is $200 billion a month why we would default. You haven't answered the question, you just repeated the lie as if you did. Try again.

Not paying the interest on the debt is not the only way to default.

You don't seem to understand what the term means.

Right, hence my question Einstein. In bold above.

Heres this years breakdown



Government - Interest Expense on the Debt Outstanding


June $110,536,850,221.63
May $30,858,726,707.77
April $28,895,123,159.28
March $24,460,282,823.69
February $21,759,253,957.26
January $21,122,729,715.18
December $104,700,174,845.03
November $19,396,316,137.56
October $24,142,491,931.22
Fiscal Year Total $385,871,949,498.62

 

[Patrick2]

Members who want to read a careful analysis of how the leftwing created the financial crisis by meddling in the housing market should read this Cato Institute paper published in March 2011:

Fannie, Freddie, and the Subprime Mortgage Market | Mark A. Calabria | Cato Institute: Briefing Paper