Warren Ripped for Endorsing Clinton

[Toddsterpatriot]

ncluding the families that own the Federal Reserve:

Are they Jewish families? LOL!

At least one...

"Paul Moritz Warburg, a German-Jewish immigrant who was one of the founding fathers of the U.S. Federal Reserve, had a fervent wish that his creation would be seen as one of America’s great monuments — 'like the old cathedrals of Europe.'

"Warburg’s dream that 'the Fed' would become a cherished American institution has never looked more in doubt. The Federal Reserve, which was enacted by Congress in 1913 and set up shop the following year, is today an institution under siege. More surprising perhaps is that the Fed is refighting partisan and ideological battles that Warburg and the other founders thought they had settled a century ago."

Read more: http://forward.com/culture/325447/the-man-behind-the-fed/#ixzz4BgR0Y6QO

Thanks, but they don't own any part of the Fed.

 

[georgephillip]

ncluding the families that own the Federal Reserve:

Are they Jewish families? LOL!

At least one...

"Paul Moritz Warburg, a German-Jewish immigrant who was one of the founding fathers of the U.S. Federal Reserve, had a fervent wish that his creation would be seen as one of America’s great monuments — 'like the old cathedrals of Europe.'

"Warburg’s dream that 'the Fed' would become a cherished American institution has never looked more in doubt. The Federal Reserve, which was enacted by Congress in 1913 and set up shop the following year, is today an institution under siege. More surprising perhaps is that the Fed is refighting partisan and ideological battles that Warburg and the other founders thought they had settled a century ago."

Read more: http://forward.com/culture/325447/the-man-behind-the-fed/#ixzz4BgR0Y6QO

Thanks, but they don't own any part of the Fed.

Who owns the Fed?

 

[Toddsterpatriot]

ncluding the families that own the Federal Reserve:

Are they Jewish families? LOL!

At least one...

"Paul Moritz Warburg, a German-Jewish immigrant who was one of the founding fathers of the U.S. Federal Reserve, had a fervent wish that his creation would be seen as one of America’s great monuments — 'like the old cathedrals of Europe.'

"Warburg’s dream that 'the Fed' would become a cherished American institution has never looked more in doubt. The Federal Reserve, which was enacted by Congress in 1913 and set up shop the following year, is today an institution under siege. More surprising perhaps is that the Fed is refighting partisan and ideological battles that Warburg and the other founders thought they had settled a century ago."

Read more: The Jewish Story Behind the U.S. Federal Reserve Bank

Thanks, but they don't own any part of the Fed.

Who owns the Fed?

It's part of the government. Like the FBI.

 

[Picaro]

Sub-primes didn't cause the crash; greedy dishonest Wall Street paper peddlers did. It's time the ideologues grow up and get over the fact that 'free markets' are just opportunities for swindlers and con artists to get rich while producing absolutely nothing of value, and the ebul guvmint didn't force any of them to peddle junk paper and massively over-leverage it. The bubble burst as they always do, and then the usual dirty laundry comes out, as it always does as well.

 

[g5000]

FRB: Who owns the Federal Reserve?

 

[Toddsterpatriot]

Sub-primes didn't cause the crash; greedy dishonest Wall Street paper peddlers did. It's time the ideologues grow up and get over the fact that 'free markets' are just opportunities for swindlers and con artists to get rich while producing absolutely nothing of value, and the ebul guvmint didn't force any of them to peddle junk paper and massively over-leverage it. The bubble burst as they always do, and then the usual dirty laundry comes out, as it always does as well.

Booms and busts happen. Always have. Government pressure to loan to poor risks didn't help.

'free markets' are just opportunities for swindlers and con artists to get rich while producing absolutely nothing of value,

But enough about our 'public servants'.

 

[Picaro]

Booms and busts happen. Always have. Government pressure to loan to poor risks didn't help.

Nobody was forced to loan anybody anything; that's just a myth. Nobody made investment banks and hedge funds buy mortgages and package them for sale. They don't make home loans at all, they buy paper, and then they misrepresented the values of that paper to their retail customers, and in many cases leveraged the inflated equity claims by 50 to 1 ratios. 35 to 1 was considered 'conservative' to these 'market experts'.

'free markets' are just opportunities for swindlers and con artists to get rich while producing absolutely nothing of value,

But enough about our 'public servants'.

Still can't let go of the myth of it being the gubmint that made them lie and swindle customers? Ah well.

 

[georgephillip]

ncluding the families that own the Federal Reserve:

Are they Jewish families? LOL!

At least one...

"Paul Moritz Warburg, a German-Jewish immigrant who was one of the founding fathers of the U.S. Federal Reserve, had a fervent wish that his creation would be seen as one of America’s great monuments — 'like the old cathedrals of Europe.'

"Warburg’s dream that 'the Fed' would become a cherished American institution has never looked more in doubt. The Federal Reserve, which was enacted by Congress in 1913 and set up shop the following year, is today an institution under siege. More surprising perhaps is that the Fed is refighting partisan and ideological battles that Warburg and the other founders thought they had settled a century ago."

Read more: The Jewish Story Behind the U.S. Federal Reserve Bank

Thanks, but they don't own any part of the Fed.

Who owns the Fed?

It's part of the government. Like the FBI.

"Who owns the Federal Reserve?

"The Federal Reserve System fulfills its public mission as an independent entity within government.

"It is not 'owned' by anyone and is not a private, profit-making institution.

"As the nation's central bank, the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms."
FRB: Who owns the Federal Reserve?
More lies the rich tell.

 

[Toddsterpatriot]

Booms and busts happen. Always have. Government pressure to loan to poor risks didn't help.

Nobody was forced to loan anybody anything; that's just a myth. Nobody made investment banks and hedge funds buy mortgages and package them for sale. They don't make home loans at all, they buy paper, and then they misrepresented the values of that paper to their retail customers, and in many cases leveraged the inflated equity claims by 50 to 1 ratios. 35 to 1 was considered 'conservative' to these 'market experts'.

'free markets' are just opportunities for swindlers and con artists to get rich while producing absolutely nothing of value,

But enough about our 'public servants'.

Still can't let go of the myth of it being the gubmint that made them lie and swindle customers? Ah well.

Nobody was forced to loan anybody anything; that's just a myth

The government didn't force Fannie and Freddie to buy low quality mortgages?
Banks didn't have to loan a certain number of dollars in lower income areas? In areas of "color"?

Nobody made investment banks and hedge funds buy mortgages and package them for sale.

That's true. They saw a market demand, they tried to fill it.

and in many cases leveraged the inflated equity claims by 50 to 1 ratios.

Could you explain further? At first glance, it appears you're talkin' out yer ass.

Still can't let go of the myth of it being the gubmint that made them lie and swindle customers?

You're talking about banks?
I was talking about swindlers and con artists who get rich while producing absolutely nothing of value, you know, politicians .

 

[Toddsterpatriot]

ncluding the families that own the Federal Reserve:

Are they Jewish families? LOL!

At least one...

"Paul Moritz Warburg, a German-Jewish immigrant who was one of the founding fathers of the U.S. Federal Reserve, had a fervent wish that his creation would be seen as one of America’s great monuments — 'like the old cathedrals of Europe.'

"Warburg’s dream that 'the Fed' would become a cherished American institution has never looked more in doubt. The Federal Reserve, which was enacted by Congress in 1913 and set up shop the following year, is today an institution under siege. More surprising perhaps is that the Fed is refighting partisan and ideological battles that Warburg and the other founders thought they had settled a century ago."

Read more: The Jewish Story Behind the U.S. Federal Reserve Bank

Thanks, but they don't own any part of the Fed.

Who owns the Fed?

It's part of the government. Like the FBI.

"Who owns the Federal Reserve?

"The Federal Reserve System fulfills its public mission as an independent entity within government.

"It is not 'owned' by anyone and is not a private, profit-making institution.

"As the nation's central bank, the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms."
FRB: Who owns the Federal Reserve?
More lies the rich tell.

Right, don't believe the government and the Fed when it comes to the Fed.....
believe some guy who says it's da Jews. LOL!

 

[georgephillip]

At least one...

"Paul Moritz Warburg, a German-Jewish immigrant who was one of the founding fathers of the U.S. Federal Reserve, had a fervent wish that his creation would be seen as one of America’s great monuments — 'like the old cathedrals of Europe.'

"Warburg’s dream that 'the Fed' would become a cherished American institution has never looked more in doubt. The Federal Reserve, which was enacted by Congress in 1913 and set up shop the following year, is today an institution under siege. More surprising perhaps is that the Fed is refighting partisan and ideological battles that Warburg and the other founders thought they had settled a century ago."

Read more: The Jewish Story Behind the U.S. Federal Reserve Bank

Thanks, but they don't own any part of the Fed.

Who owns the Fed?

It's part of the government. Like the FBI.

"Who owns the Federal Reserve?

"The Federal Reserve System fulfills its public mission as an independent entity within government.

"It is not 'owned' by anyone and is not a private, profit-making institution.

"As the nation's central bank, the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms."
FRB: Who owns the Federal Reserve?
More lies the rich tell.

Right, don't believe the government and the Fed when it comes to the Fed.....
believe some guy who says it's da Jews. LOL!

YOU were the guy who blamed da Jews, remember?
btw, I don't believe you either.

 

[Wilbur Right]

Nobody made investment banks and hedge funds buy mortgages and package them for sale.

That's true. They saw a market demand, they tried to fill i

There was a market created for poor quality loans with high rates of default?

Why'd they do that Todd?

 

[Picaro]

Nobody was forced to loan anybody anything; that's just a myth

The government didn't force Fannie and Freddie to buy low quality mortgages?

They didn't force investment banks and hedge funds to, and they only offered to guarantee loans made in low income areas; they didn't force anybody to make them, and there was no forcing htem to make bad ones, either.

Banks didn't have to loan a certain number of dollars in lower income areas? In areas of "color"?

No, they didn't; see above ...

Nobody made investment banks and hedge funds buy mortgages and package them for sale.

That's true. They saw a market demand, they tried to fill it.

They saw a regulatory loophole they could exploit for fat commissions and big sales.

and in many cases leveraged the inflated equity claims by 50 to 1 ratios.

Could you explain further? At first glance, it appears you're talkin' out yer ass.

So you're ignorant of the causes of the crash and know nothing about any of it, and need somebody to hold your hand. I could tell that right away from your earlier postings.

Still can't let go of the myth of it being the gubmint that made them lie and swindle customers?

You're talking about banks?
I was talking about swindlers and con artists who get rich while producing absolutely nothing of value, you know, politicians .

not very witty, but whatever gibberish rings your bell ...

 

[Toddsterpatriot]

Thanks, but they don't own any part of the Fed.

Who owns the Fed?

It's part of the government. Like the FBI.

"Who owns the Federal Reserve?

"The Federal Reserve System fulfills its public mission as an independent entity within government.

"It is not 'owned' by anyone and is not a private, profit-making institution.

"As the nation's central bank, the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms."
FRB: Who owns the Federal Reserve?
More lies the rich tell.

Right, don't believe the government and the Fed when it comes to the Fed.....
believe some guy who says it's da Jews. LOL!

YOU were the guy who blamed da Jews, remember?
btw, I don't believe you either.

YOU were the guy who blamed da Jews, remember?

No. Just mocking those who do.

 

[Toddsterpatriot]

Nobody made investment banks and hedge funds buy mortgages and package them for sale.

That's true. They saw a market demand, they tried to fill i

There was a market created for poor quality loans with high rates of default?

Why'd they do that Todd?

There was a market created for poor quality loans with high rates of default?

Yes. The US government (CRA) wanted banks to stop lending only to people with good credit, because that left out too many minorities and poor people. To help banks do that, they also gave Fannie and Freddie a quota, they had to buy a certain percentage of Alt-A mortgages. Lower quality than the ones they historically bought.

 

[Toddsterpatriot]

Nobody was forced to loan anybody anything; that's just a myth

The government didn't force Fannie and Freddie to buy low quality mortgages?

They didn't force investment banks and hedge funds to, and they only offered to guarantee loans made in low income areas; they didn't force anybody to make them, and there was no forcing htem to make bad ones, either.

Banks didn't have to loan a certain number of dollars in lower income areas? In areas of "color"?

No, they didn't; see above ...

Nobody made investment banks and hedge funds buy mortgages and package them for sale.

That's true. They saw a market demand, they tried to fill it.

They saw a regulatory loophole they could exploit for fat commissions and big sales.

and in many cases leveraged the inflated equity claims by 50 to 1 ratios.

Could you explain further? At first glance, it appears you're talkin' out yer ass.

So you're ignorant of the causes of the crash and know nothing about any of it, and need somebody to hold your hand. I could tell that right away from your earlier postings.

Still can't let go of the myth of it being the gubmint that made them lie and swindle customers?

You're talking about banks?
I was talking about swindlers and con artists who get rich while producing absolutely nothing of value, you know, politicians .

not very witty, but whatever gibberish rings your bell ...

They didn't force investment banks and hedge funds to,

But they did force commercial banks to....

No, they didn't; see above ...

Well, gosh, what was the CRA all about?

They saw a regulatory loophole they could exploit for fat commissions and big sales.

There was a loophole concerning what hedge funds or investment banks could sell?
Please tell me more!

So you're ignorant of the causes of the crash and know nothing about any of

But I do know lots about the crash. And I recognize you were talkin' out yer ass.
Which is why you aren't explaining about the "many cases leveraged the inflated equity claims by 50 to 1 ratios"

Funny.

 

[georgephillip]

Who owns the Fed?

It's part of the government. Like the FBI.

"Who owns the Federal Reserve?

"The Federal Reserve System fulfills its public mission as an independent entity within government.

"It is not 'owned' by anyone and is not a private, profit-making institution.

"As the nation's central bank, the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms."
FRB: Who owns the Federal Reserve?
More lies the rich tell.

Right, don't believe the government and the Fed when it comes to the Fed.....
believe some guy who says it's da Jews. LOL!

YOU were the guy who blamed da Jews, remember?
btw, I don't believe you either.

YOU were the guy who blamed da Jews, remember?

No. Just mocking those who do.

US Finance owes a great deal to a few exceptional Jews:

"Warburg was born into a wealthy banking family, proprietors of M.M. Warburg, in Hamburg in 1868. The third of five brothers, he was groomed to run the bank, yet found the details of commerce tedious, and was repelled by the coarser elements of banking, such as stock speculation. Introspective and brooding, he became active in a local commercial court and in the city council — evidence of his latent interest in politics.

"In 1895, Warburg married Nina Loeb, scion of the Kuhn, Loeb banking family in New York. They settled in Hamburg, but Nina yearned to be near her parents. In 1902 they relocated to New York, with Warburg joining his in-laws’ firm. Warburg was stunned by the primitive condition of American banking.

"Not long after he arrived, interest rates in New York’s chaotic money market soared to 100 percent. 'I was not here but three weeks,' Warburg said, 'before I was trying to explain to myself the roots of the evil.'”

Read more: http://forward.com/culture/325447/the-man-behind-the-fed/#ixzz4BgwdP0Ax

 

[Toddsterpatriot]

It's part of the government. Like the FBI.

"Who owns the Federal Reserve?

"The Federal Reserve System fulfills its public mission as an independent entity within government.

"It is not 'owned' by anyone and is not a private, profit-making institution.

"As the nation's central bank, the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms."
FRB: Who owns the Federal Reserve?
More lies the rich tell.

Right, don't believe the government and the Fed when it comes to the Fed.....
believe some guy who says it's da Jews. LOL!

YOU were the guy who blamed da Jews, remember?
btw, I don't believe you either.

YOU were the guy who blamed da Jews, remember?

No. Just mocking those who do.

US Finance owes a great deal to a few exceptional Jews:

"Warburg was born into a wealthy banking family, proprietors of M.M. Warburg, in Hamburg in 1868. The third of five brothers, he was groomed to run the bank, yet found the details of commerce tedious, and was repelled by the coarser elements of banking, such as stock speculation. Introspective and brooding, he became active in a local commercial court and in the city council — evidence of his latent interest in politics.

"In 1895, Warburg married Nina Loeb, scion of the Kuhn, Loeb banking family in New York. They settled in Hamburg, but Nina yearned to be near her parents. In 1902 they relocated to New York, with Warburg joining his in-laws’ firm. Warburg was stunned by the primitive condition of American banking.

"Not long after he arrived, interest rates in New York’s chaotic money market soared to 100 percent. 'I was not here but three weeks,' Warburg said, 'before I was trying to explain to myself the roots of the evil.'”

Read more: The Jewish Story Behind the U.S. Federal Reserve Bank

You're not one of the "Jews own the Federal Reserve and that's why we'll never pay off the debt" guys?

That's a relief.

 

[georgephillip]

"Who owns the Federal Reserve?

"The Federal Reserve System fulfills its public mission as an independent entity within government.

"It is not 'owned' by anyone and is not a private, profit-making institution.

"As the nation's central bank, the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms."
FRB: Who owns the Federal Reserve?
More lies the rich tell.

Right, don't believe the government and the Fed when it comes to the Fed.....
believe some guy who says it's da Jews. LOL!

YOU were the guy who blamed da Jews, remember?
btw, I don't believe you either.

YOU were the guy who blamed da Jews, remember?

No. Just mocking those who do.

US Finance owes a great deal to a few exceptional Jews:

"Warburg was born into a wealthy banking family, proprietors of M.M. Warburg, in Hamburg in 1868. The third of five brothers, he was groomed to run the bank, yet found the details of commerce tedious, and was repelled by the coarser elements of banking, such as stock speculation. Introspective and brooding, he became active in a local commercial court and in the city council — evidence of his latent interest in politics.

"In 1895, Warburg married Nina Loeb, scion of the Kuhn, Loeb banking family in New York. They settled in Hamburg, but Nina yearned to be near her parents. In 1902 they relocated to New York, with Warburg joining his in-laws’ firm. Warburg was stunned by the primitive condition of American banking.

"Not long after he arrived, interest rates in New York’s chaotic money market soared to 100 percent. 'I was not here but three weeks,' Warburg said, 'before I was trying to explain to myself the roots of the evil.'”

Read more: The Jewish Story Behind the U.S. Federal Reserve Bank

You're not one of the "Jews own the Federal Reserve and that's why we'll never pay off the debt" guys?

That's a relief.

"Warburg had stumbled upon the original American conflict, debated first by Hamilton and Jefferson, of federalism versus anti-federalism.

"Indeed, the young republic twice experimented with a national bank, and even though each attempt was successful, each of these banks was abandoned. President Andrew Jackson, who abolished the Second Bank, personified the mistrust, common among rural Americans, of government banks.

"He thought the Second Bank was a tool of moneyed elites (just as populists today accuse the Fed of favoring Wall Street).

"Alexis de Tocqueville, who visited the U.S. during Jackson’s reign, was baffled. He wrote that Americans were 'obsessed' with a fear of 'centralization.'”

Read more: http://forward.com/culture/325447/the-man-behind-the-fed/#ixzz4BhEPZR7H