Trump blames Obama for doubling the debt

[francoHFW]

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The biggest driver was the approval of derivative by both parties.

Why do you think that?

Don't be a sealion. Why Sealioning Is Bad

Informed people know about the drivers. If you don't, start researching.

Bad mortgages. Cost the banks hundreds of billions.
It was in all the papers.

Good on you! That was part of it, along with the derivatives. Keep studying.

That was part of it, along with the derivatives.

Nah.

And mainly Fannie and Freddie share of the market being cut bye 60 seventy percent and

 

[Toddsterpatriot]

[
It is not a 0 sum gain. Goldman has to pay out 2,500,000 and they took in mainly $500,000 at most. They have to default on the payment or go bankrupt.

It's a "zero-sum game", not gain. And you're an idiot.

It can only be a zero sum game if the money is paid out. That was the problem. The investments were defaulted on because there were no hard assets backing them.
There were retirement funds and individuals invested in companies that could not pay out what was owed. Or companies who did not receive what is owed causing major defaults along with the mortgage defaults.

IF IT WAS A 0 SUM GAME THERE WOULD NOT HAVE BEEN A FINANCIAL CRISIS AND A RECESSION. YOU ARE AN IDIOT!!!!!

It can only be a zero sum game if the money is paid out.

You're wrong.
If you and I bet $10 on the Cubs game, one of us will win $10, one of us will lose $10.
Adds up to zero.

If I win the bet and you default, I'll get $0 and you'll lose $0.
Still zero sum.

 

[francoHFW]

The biggest driver was the approval of derivative by both parties.

Why do you think that?

Don't be a sealion. Why Sealioning Is Bad

Informed people know about the drivers. If you don't, start researching.

Bad mortgages. Cost the banks hundreds of billions.
It was in all the papers.

Good on you! That was part of it, along with the derivatives. Keep studying.

That was part of it, along with the derivatives.

Nah.

And mainly Fannie and Freddie share of the market being cut bye 60 seventy percent and

And GOP crony private lending institutions lending money to anyone anyone. Seven years into a republican Administration and Republican regulators... To blame it on Republican law that was passed under Clinton is ridiculous, brainwashed functional morons. That's right the law the Clinton signs was a republican law... Any blame assigned to Clinton is that he went along with Republicans too much...

 

[conserveguy877]

Last 8 years it sky rocketed up during the nobama era, yeah.. I could bet most of it was from the mindless parties bought and paid for by the tax payers. Parties that involved stupid celebrities, Crooked H, and Obama.

 

[Toddsterpatriot]

The biggest driver was the approval of derivative by both parties.

Why do you think that?

Don't be a sealion. Why Sealioning Is Bad

Informed people know about the drivers. If you don't, start researching.

Bad mortgages. Cost the banks hundreds of billions.
It was in all the papers.

Good on you! That was part of it, along with the derivatives. Keep studying.

That was part of it, along with the derivatives.

Nah.

And mainly Fannie and Freddie share of the market being cut bye 60 seventy percent and

Try again in English?

 

[francoHFW]

I am speaking of derivatives that were created as a hedge on mortgages allowing one mortgage to back many derivatives. When a mortgage failed it had a multiplier effect of the loss through the economy.

When a mortgage failed it had a multiplier effect of the loss through the economy.

Say Elmer Bank holds a $500,000 mortgage and buys a derivative from Goldman Sachs to hedge the risk.
The mortgage fails. Elmer Bank loses $100,000. Goldman pays Elmer Bank $100,000.

How is that multiplying through the economy?

Many derivatives can be sold against the one $500,000 mortgage. The derivatives themselves can be traded.

Yup. A bunch of zero sum trades. So what?

It is not a 0 sum game. You have a $500,000 asset securing $2,500,000 in investments. With default there is a $2,000,000 short fall. That results in the many defaults that cause of the recession.
What is your financial background. I hope you go to a professional for financial advise. You know very little

It is not a 0 sum game

It is.

You have a $500,000 asset securing $2,500,000 in investments.

You're over complicating the issue.
It's like a bet between Goldman and the other party.
Goldman is betting the mortgages will be paid, the other side is betting they'll default.

My $10 bet on tonight's Cubs game is also a zero sum game.

What is your financial background.

Decades in the business.

So are you a Cubs fan? I have been for 4 years but now that they won I'm thinking of going with the Senators... Did you know that the senators were always officially the nationals always. I think calling them the Senators again could help respect for government and help the actual senators be better. My sainted late father the doctor was a senator's Fan when Walter Johnson one their only title in 24... That's right the big train. LOL.

Meanwhile try and remember that the swamp is always the Republicans, and the only way they get votes is lying. Yes Democrats are pussies but that's good government. Not con men.

 

[francoHFW]

Don't be a sealion. Why Sealioning Is Bad

Informed people know about the drivers. If you don't, start researching.

Bad mortgages. Cost the banks hundreds of billions.
It was in all the papers.

Good on you! That was part of it, along with the derivatives. Keep studying.

That was part of it, along with the derivatives.

Nah.

And mainly Fannie and Freddie share of the market being cut bye 60 seventy percent and

Try again in English?

Fannie and Freddie's share of the market went from 75% to 25% in 2003 and Countrywide and other b******* Republican crony institutions took over and sold toxic b******* to anyone who was breathing, super dupe. End of story.

 

[francoHFW]

Bad mortgages. Cost the banks hundreds of billions.
It was in all the papers.

Good on you! That was part of it, along with the derivatives. Keep studying.

That was part of it, along with the derivatives.

Nah.

And mainly Fannie and Freddie share of the market being cut bye 60 seventy percent and

Try again in English?

Fannie and Freddie's share of the market went from 75% to 25% in 2003 and Countrywide and other b******* Republican crony institutions took over and sold toxic b******* to anyone who was breathing, super dupe. End of story.

My smart phone thinks it's smarter than me... It is not.

 

[francoHFW]

Tonight rump blamed Obama for the debt under his administration.

1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.

2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment

3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The root cause of the Great Recession is liberal culture which produces lower class people who don't pay their bills and who have bad credit. That is why Clinton lowered the mortgage lending standards.

And then Republican regulators and their corrupt cronies in private lending institutions did away with them all together and would give toxic mortgages to anyone who could sign. You have no clue and you never will get one listening to Fox Rush Limbaugh and all those other bought off scumbags...

Articles: Uh, Hillary, Your Hubby Caused the 2008 Recession

Your link is to a swamp of b******* propaganda, ignorant brainwashed functional moron. Try journalists. LOL

 

[Thinker101]

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The root cause of the Great Recession is liberal culture which produces lower class people who don't pay their bills and who have bad credit. That is why Clinton lowered the mortgage lending standards.

And then Republican regulators and their corrupt cronies in private lending institutions did away with them all together and would give toxic mortgages to anyone who could sign. You have no clue and you never will get one listening to Fox Rush Limbaugh and all those other bought off scumbags...

Articles: Uh, Hillary, Your Hubby Caused the 2008 Recession

Your link is to a swamp of b******* propaganda, ignorant brainwashed functional moron. Try journalists. LOL

Yea, try journalists, they never lie.

 

[ElmerMudd]

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The root cause of the Great Recession is liberal culture which produces lower class people who don't pay their bills and who have bad credit. That is why Clinton lowered the mortgage lending standards.

Derivatives were the main cause. Do you even know what a derivative is? In this case it was an investment that would hedge a mortgage by betting it would default. If you allow one derivative per mortgage it is a zero sum game. But the law allowed for one mortgage to back multiple derivatives. If the mortgage failed there would not be funds to pay off the many derivatives. It puts a multiplier effect on bad mortgages. That caused many financial institution to default.
You are correct that the democrats made mortgages easier to get for low income people but the bigger driver were banks allowing middle and high income individuals to qualify for loans they should not of.

You obviously have very little knowledge of investing and our banking system.

If you allow one derivative per mortgage it is a zero sum game. But the law allowed for one mortgage to back multiple derivatives. If the mortgage failed there would not be funds to pay off the many derivatives.

It's still zero sum.
If Goldman insured the same $500,000 mortgage, 5 times and the mortgage fails, Goldman pays out $2,500,000 and the insured parties receive $2,500,000.

It puts a multiplier effect on bad mortgages.

How many mortgages had a CDS written against them even once, let alone multiple times?
Probably a really small number.

That caused many financial institution to default.

How many firms went under because they wrote CDS?
How many went under just because they wrote/held crappy mortgages?

It is not a 0 sum gain. Goldman has to pay out 2,500,000 and they took in mainly $500,000 at most. They have to default on the payment or go bankrupt.

Goldman has to pay out 2,500,000

And the party that bought the CDS receives 2,500,000

They have to default on the payment or go bankrupt.

Why would Goldman default on a payment of 2,500,000?

Goldman did not but there were 100's if not 1000's of firms selling the derivatives. The derivatives were traded like stocks. At the end of the day, using your example, you have a $500,000 asset securing $2,500,000 in investments. It could be a $200,000 mortgage with $10,000,000 in derivatives sold. There were no regulations.
It is the same as having a piece of property worth $200,000. You can only get one loan you can secure with the property. But the derivative law or lack of laws you could go out and get 50 $200,000 loans being secured by 1 property. If you stop paying on the 50 loans, a lot of people loose money.

 

[francoHFW]

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The root cause of the Great Recession is liberal culture which produces lower class people who don't pay their bills and who have bad credit. That is why Clinton lowered the mortgage lending standards.

And then Republican regulators and their corrupt cronies in private lending institutions did away with them all together and would give toxic mortgages to anyone who could sign. You have no clue and you never will get one listening to Fox Rush Limbaugh and all those other bought off scumbags...

Articles: Uh, Hillary, Your Hubby Caused the 2008 Recession

Your link is to a swamp of b******* propaganda, ignorant brainwashed functional moron. Try journalists. LOL

Yea, try journalists, they never lie.

As opposed to bought off right wing swampy Fox heritage Rush Limbaugh etc etc a holes... Figure it out it's not rocket science. Also the US justice system is not a democratic conspiracy protecting the clintons Obama etc etc, super dupe.

 

[JakeStarkey]

If Obama had been able to run again, Trump would not have got into the race.

Obama said his policies and legacy were running in 2016 and he lost. So much for your theory.

So far trumps legacy will be blank..

I think your brain is blank. To suggest that Trump hasn't accomplished anything is pretty retarded.

Well, he has managed to stay in office, yes.

 

[IM2]

The root cause of the Great Recession is liberal culture which produces lower class people who don't pay their bills and who have bad credit. That is why Clinton lowered the mortgage lending standards.

Derivatives were the main cause. Do you even know what a derivative is? In this case it was an investment that would hedge a mortgage by betting it would default. If you allow one derivative per mortgage it is a zero sum game. But the law allowed for one mortgage to back multiple derivatives. If the mortgage failed there would not be funds to pay off the many derivatives. It puts a multiplier effect on bad mortgages. That caused many financial institution to default.
You are correct that the democrats made mortgages easier to get for low income people but the bigger driver were banks allowing middle and high income individuals to qualify for loans they should not of.

You obviously have very little knowledge of investing and our banking system.

If you allow one derivative per mortgage it is a zero sum game. But the law allowed for one mortgage to back multiple derivatives. If the mortgage failed there would not be funds to pay off the many derivatives.

It's still zero sum.
If Goldman insured the same $500,000 mortgage, 5 times and the mortgage fails, Goldman pays out $2,500,000 and the insured parties receive $2,500,000.

It puts a multiplier effect on bad mortgages.

How many mortgages had a CDS written against them even once, let alone multiple times?
Probably a really small number.

That caused many financial institution to default.

How many firms went under because they wrote CDS?
How many went under just because they wrote/held crappy mortgages?

It is not a 0 sum gain. Goldman has to pay out 2,500,000 and they took in mainly $500,000 at most. They have to default on the payment or go bankrupt.

Goldman has to pay out 2,500,000

And the party that bought the CDS receives 2,500,000

They have to default on the payment or go bankrupt.

Why would Goldman default on a payment of 2,500,000?

Goldman did not but there were 100's if not 1000's of firms selling the derivatives. The derivatives were traded like stocks. At the end of the day, using your example, you have a $500,000 asset securing $2,500,000 in investments. It could be a $200,000 mortgage with $10,000,000 in derivatives sold. There were no regulations.
It is the same as having a piece of property worth $200,000. You can only get one loan you can secure with the property. But the derivative law or lack of laws you could go out and get 50 $200,000 loans being secured by 1 property. If you stop paying on the 50 loans, a lot of people loose money.

You can't explain to the Trump cult members things as complex as derivatives. They think ex lax is a derivative.

 

[ElmerMudd]

[
It is not a 0 sum gain. Goldman has to pay out 2,500,000 and they took in mainly $500,000 at most. They have to default on the payment or go bankrupt.

It's a "zero-sum game", not gain. And you're an idiot.

It can only be a zero sum game if the money is paid out. That was the problem. The investments were defaulted on because there were no hard assets backing them.
There were retirement funds and individuals invested in companies that could not pay out what was owed. Or companies who did not receive what is owed causing major defaults along with the mortgage defaults.

IF IT WAS A 0 SUM GAME THERE WOULD NOT HAVE BEEN A FINANCIAL CRISIS AND A RECESSION. YOU ARE AN IDIOT!!!!!

It can only be a zero sum game if the money is paid out.

You're wrong.
If you and I bet $10 on the Cubs game, one of us will win $10, one of us will lose $10.
Adds up to zero.

If I win the bet and you default, I'll get $0 and you'll lose $0.
Still zero sum.

You are comparing betting to our financial markets. Our financial markets are based on assets not chance. Some assets are not hard assets but there needs to be assets or it is just gambling.
Derivatives were made illegal in the early 20th century because it determined to be gambling not securities. The term security means it is secured with something.
You may be successful in your business but you do not understand financial markets.

 

[JakeStarkey]

If Obama had been able to run again, Trump would not have got into the race.

Obama said his policies and legacy were running in 2016 and he lost. So much for your theory.

That's la la talk, blues. It was Hillary and her personality that beat Trump and his personality in the PV and lost in the EV. It had little to do with policies. Your affirmation, bud, so can you prove it? Nah, don't even try.

 

[BluesLegend]

If Obama had been able to run again, Trump would not have got into the race.

Obama said his policies and legacy were running in 2016 and he lost. So much for your theory.

That's la la talk, blues. It was Hillary and her personality that beat Trump and his personality in the PV and lost in the EV. It had little to do with policies. Your affirmation, bud, so can you prove it? Nah, don't even try.

Congrats Hillary won California, in other news Obama put his legacy on the line and Trump crushed him.

 

[TroglocratsRdumb]

Derivatives were the main cause. Do you even know what a derivative is? In this case it was an investment that would hedge a mortgage by betting it would default. If you allow one derivative per mortgage it is a zero sum game. But the law allowed for one mortgage to back multiple derivatives. If the mortgage failed there would not be funds to pay off the many derivatives. It puts a multiplier effect on bad mortgages. That caused many financial institution to default.
You are correct that the democrats made mortgages easier to get for low income people but the bigger driver were banks allowing middle and high income individuals to qualify for loans they should not of.

You obviously have very little knowledge of investing and our banking system.

If you allow one derivative per mortgage it is a zero sum game. But the law allowed for one mortgage to back multiple derivatives. If the mortgage failed there would not be funds to pay off the many derivatives.

It's still zero sum.
If Goldman insured the same $500,000 mortgage, 5 times and the mortgage fails, Goldman pays out $2,500,000 and the insured parties receive $2,500,000.

It puts a multiplier effect on bad mortgages.

How many mortgages had a CDS written against them even once, let alone multiple times?
Probably a really small number.

That caused many financial institution to default.

How many firms went under because they wrote CDS?
How many went under just because they wrote/held crappy mortgages?

It is not a 0 sum gain. Goldman has to pay out 2,500,000 and they took in mainly $500,000 at most. They have to default on the payment or go bankrupt.

Goldman has to pay out 2,500,000

And the party that bought the CDS receives 2,500,000

They have to default on the payment or go bankrupt.

Why would Goldman default on a payment of 2,500,000?

Goldman did not but there were 100's if not 1000's of firms selling the derivatives. The derivatives were traded like stocks. At the end of the day, using your example, you have a $500,000 asset securing $2,500,000 in investments. It could be a $200,000 mortgage with $10,000,000 in derivatives sold. There were no regulations.
It is the same as having a piece of property worth $200,000. You can only get one loan you can secure with the property. But the derivative law or lack of laws you could go out and get 50 $200,000 loans being secured by 1 property. If you stop paying on the 50 loans, a lot of people loose money.

You can't explain to the Trump cult members things as complex as derivatives. They think ex lax is a derivative.

Explain how Bush caused derivatives

 

[JakeStarkey]

If Obama had been able to run again, Trump would not have got into the race.

Obama said his policies and legacy were running in 2016 and he lost. So much for your theory.

That's la la talk, blues. It was Hillary and her personality that beat Trump and his personality in the PV and lost in the EV. It had little to do with policies. Your affirmation, bud, so can you prove it? Nah, don't even try.

Congrats Hillary won California, in other news Obama put his legacy on the line and Trump crushed him.

Nope, that is la la hash talk. And now we see on this Board growing numbers of posters of Trump supporters who are getting pissed with his inability to govern.

 

[TroglocratsRdumb]

The Democrats never take responsibility for their messes, The Great Recession and Obamacare.
The Democratic Party is a crazy cult.