Weird Tim Walz says his inability to speak proper English is why people think he lied about his military service

[JoeB131]

So the website is lying but you are not?

The evidence is overwhelming that Clinton was the architect of the financial disaster that wiped out trillions of dollars in household wealth. Under his National Homeownership Strategy, Clinton took more than 100 executive actions to pry bank lending windows wide open.

Nope, the overwealming evidence is that Bush's lack of supervision of the banking industry led to the collapse.

In fact, the Federal REserve Review determined the CRA had no role in the 2008 Financial collapse.

https://www.federalreserve.gov/econres/feds/files/2024009pap.pdf

 

[Blisterfinger]

Nope, the overwealming evidence is that Bush's lack of supervision of the banking industry led to the collapse.

In fact, the Federal REserve Review determined the CRA had no role in the 2008 Financial collapse.

https://www.federalreserve.gov/econres/feds/files/2024009pap.pdf

You know I do understand your confusion. After all you are a Democrat and these kind of Concepts are only used by you to point fingers. Major responsibility for that crash belong in the Clinton camp. I am truly sorry they did that to you but you really do have to be stupid to be a Democrat


Under enormous pressure from these groups, the Clinton administration decided to expand federal government servicing of low-income and minority borrowers through various “affordable-housing goals.” Imposed in 1992, the different goals created a quota system requiring a certain percentage of the loans that the GSEs acquired each year to have been made to borrowers in financially isolated

How the Federal Government Created the Subprime Mortgage Crisis

The result of the government’s expansion into the subprime mortgage market was that by the time of the financial crisis, more than half of all mortgages in the United States were subprime or otherwise low-quality mortgages.

fee.org

 

[lafayette]

Blisterfinger does not have nor will accept a clue. He is clueless. That is his problem.

 

[Blisterfinger]

Blisterfinger does not have nor will accept a clue. He is clueless. That is his problem.

You have to really stupid to be a Democrat. You are proof of that

 

[JoeB131]

You know I do understand your confusion. After all you are a Democrat and these kind of Concepts are only used by you to point fingers. Major responsibility for that crash belong in the Clinton camp. I am truly sorry they did that to you but you really do have to be stupid to be a Democrat

Uh, no, guy, during the Clinton years you had people at the SEC, FSLIC, and other agencies that kept an eye on the banks, as opposed to the Bush Years, when you had Chris Cox and his staff who watched hours of online porn instead of the banks.

The problem wasn't the poor people buying houses, it was the banks taking those garbage loans, mixing them in with good loans, and selling them as investments. Which is why the 2008 meltdown started with Madoff and Merrill Lynch and all the other sleazy operators.

25 People to Blame for the Financial Crisis - TIME

The ex-SEC chief's blindness to repeated allegations of fraud in the Madoff scandal is mind-blowing, but it's really his lax enforcement that lands him on this list. Cox says his agency lacked...

content.time.com

Under enormous pressure from these groups, the Clinton administration decided to expand federal government servicing of low-income and minority borrowers through various “affordable-housing goals.” Imposed in 1992, the different goals created a quota system requiring a certain percentage of the loans that the GSEs acquired each year to have been made to borrowers in financially isolated

Except= again - THEY WEREN"T THE PROBLEM. The problem was all those middle class white folks buying McMansions,

Blisterfinger does not have nor will accept a clue. He is clueless. That is his problem.

He seems to get all his thinking listening to Hate Radio. I don't know what he did when Limbaugh took that well-deserved dirt nap.

 

[Blisterfinger]

Uh, no, guy, during the Clinton years you had people at the SEC, FSLIC, and other agencies that kept an eye on the banks, as opposed to the Bush Years, when you had Chris Cox and his staff who watched hours of online porn instead of the banks.

The problem wasn't the poor people buying houses, it was the banks taking those garbage loans, mixing them in with good loans, and selling them as investments. Which is why the 2008 meltdown started with Madoff and Merrill Lynch and all the other sleazy operators.

25 People to Blame for the Financial Crisis - TIME

The ex-SEC chief's blindness to repeated allegations of fraud in the Madoff scandal is mind-blowing, but it's really his lax enforcement that lands him on this list. Cox says his agency lacked...

content.time.com

Except= again - THEY WEREN"T THE PROBLEM. The problem was all those middle class white folks buying McMansions,


He seems to get all his thinking listening to Hate Radio. I don't know what he did when Limbaugh took that well-deserved dirt nap.

The problem wasn't the poor people buying houses, it was the banks taking those garbage loans, mixing them in with good loans, and selling them as investments. Which is why the 2008 meltdown started with Madoff and Merrill Lynch and all the other sleazy operators.

All of that forced down the throats of Banks and the American people by the Clinton administration. At least you can recognize that.

 

[Blisterfinger]

Uh, no, guy, during the Clinton years you had people at the SEC, FSLIC, and other agencies that kept an eye on the banks, as opposed to the Bush Years, when you had Chris Cox and his staff who watched hours of online porn instead of the banks.

The problem wasn't the poor people buying houses, it was the banks taking those garbage loans, mixing them in with good loans, and selling them as investments. Which is why the 2008 meltdown started with Madoff and Merrill Lynch and all the other sleazy operators.

25 People to Blame for the Financial Crisis - TIME

The ex-SEC chief's blindness to repeated allegations of fraud in the Madoff scandal is mind-blowing, but it's really his lax enforcement that lands him on this list. Cox says his agency lacked...

content.time.com

Except= again - THEY WEREN"T THE PROBLEM. The problem was all those middle class white folks buying McMansions,


He seems to get all his thinking listening to Hate Radio. I don't know what he did when Limbaugh took that well-deserved dirt nap.

Except= again - THEY WEREN"T THE PROBLEM. The problem was all those middle class white folks buying McMansions,

Except again THEY WERE THE PROBLEM. Middle class were victims of the issue. Sounds like you could use a good dose of right wing radio sponge head.

 

[JoeB131]

All of that forced down the throats of Banks and the American people by the Clinton administration. At least you can recognize that.

I don't recognize that at all, because the CRA didn't cause the problem.

The problem was

1) Middle class people buying houses they couldn't afford.
2) Banks selling the mortgages as investment after inflating their value.

 

[Blisterfinger]

I don't recognize that at all, because the CRA didn't cause the problem.

The problem was

1) Middle class people buying houses they couldn't afford.
2) Banks selling the mortgages as investment after inflating their value.

I've sent you three articles already blaming the CRA for the problem. It wasn't middle class people buying houses they couldn't afford LOL that's just asinine. Good God you Democrats are stupid

 

[JoeB131]

Except again THEY WERE THE PROBLEM. Middle class were victims of the issue. Sounds like you could use a good dose of right wing radio sponge head.

Well, no, Hate Radio just tells you what you want to hear...

The 2008 Housing Crisis

Contrary to conservative arguments, the 2008 housing crisis was caused by unregulated and loosely regulated private financial entities—not the federal government’s support for homeownership.

www.americanprogress.org

In the early 2000s, the government and GSE share of the mortgage market began to decline as the purely private securitization market, called the private label securities market, or PLS, expanded. During this period, there was a dramatic expansion of mortgage lending, a large portion of which was in subprime loans with predatory features.21 The majority of this mortgage lending was existing homeowners refinancing, with many believing that they were taking advantage of lower interest rates to extract home equity. Instead, they often were exposed to complex and risky products that quickly became unaffordable when economic conditions changed.22 Linked with the expansion of predatory lending and the growth of the PLS market was the repackaging of these risky loans into complicated products through which the same assets were sold multiple times throughout the financial system.

This spread the danger of risky mortgage loans, systematizing the housing market’s risks throughout the global financial system.23 These developments occurred in an environment characterized by minimal government oversight and regulation and depended on a perpetually low interest rate environment where housing prices continued to rise and refinancing remained a viable option to continue borrowing. When the housing market stalled and interest rates began to rise in the mid-2000s, the wheels came off, leading to the 2008 financial crisis.

There is near consensus among experts that the housing crisis was caused primarily by the rise of predatory lending and products with exotic features marketed to consumers without adequate information or preparation and sometimes using fraudulent information, as well as the failure of the PLS market.24 But some conservatives have continued to question the basic tenets of federal housing policy and have placed the blame for the crisis on government support for mortgage lending. This attack is focused on mortgage lending by the FHA, Fannie Mae and Freddie Mac’s support of mortgage markets, and the CRA’s lending incentives for underserviced communities. These claims directed at federal housing policy are at odds with the evidence.

 

[Blisterfinger]

Well, no, Hate Radio just tells you what you want to hear...

The 2008 Housing Crisis

Contrary to conservative arguments, the 2008 housing crisis was caused by unregulated and loosely regulated private financial entities—not the federal government’s support for homeownership.

www.americanprogress.org

In the early 2000s, the government and GSE share of the mortgage market began to decline as the purely private securitization market, called the private label securities market, or PLS, expanded. During this period, there was a dramatic expansion of mortgage lending, a large portion of which was in subprime loans with predatory features.21 The majority of this mortgage lending was existing homeowners refinancing, with many believing that they were taking advantage of lower interest rates to extract home equity. Instead, they often were exposed to complex and risky products that quickly became unaffordable when economic conditions changed.22 Linked with the expansion of predatory lending and the growth of the PLS market was the repackaging of these risky loans into complicated products through which the same assets were sold multiple times throughout the financial system.

This spread the danger of risky mortgage loans, systematizing the housing market’s risks throughout the global financial system.23 These developments occurred in an environment characterized by minimal government oversight and regulation and depended on a perpetually low interest rate environment where housing prices continued to rise and refinancing remained a viable option to continue borrowing. When the housing market stalled and interest rates began to rise in the mid-2000s, the wheels came off, leading to the 2008 financial crisis.

There is near consensus among experts that the housing crisis was caused primarily by the rise of predatory lending and products with exotic features marketed to consumers without adequate information or preparation and sometimes using fraudulent information, as well as the failure of the PLS market.24 But some conservatives have continued to question the basic tenets of federal housing policy and have placed the blame for the crisis on government support for mortgage lending. This attack is focused on mortgage lending by the FHA, Fannie Mae and Freddie Mac’s support of mortgage markets, and the CRA’s lending incentives for underserviced communities. These claims directed at federal housing policy are at odds with the evidence.

Well no, I listen to Ben Shapiro and Armstrong and Getty. Very far away from the hate that you profess. It is your side that hates. We don't. Most experts agree that it was the Clinton administration pressuring Banks to loan to people that couldn't afford it that caused the Meltdown. You really should step away from Liberal La La Land, obviously it's emptied your brain.

Here's what really caused the housing crisis

Despite conservatives' arguments, it certainly wasn't federal programs aimed at helping low-income home buyers

www.cbsnews.com

 

[JoeB131]

I've sent you three articles already blaming the CRA for the problem. It wasn't middle class people buying houses they couldn't afford LOL that's just asinine. Good God you Democrats are stupid

And they are all from Bullshit rightwing sources that make idiot claims like "Supply Side Works" and "Deregulation is good for consumers" and other idiocy.

 

[JoeB131]

Well no, I listen to Ben Shapiro and Armstrong and Getty. Very far away from the hate that you profess. It is your side that hates. We don't. Most experts agree that it was the Clinton administration pressuring Banks to loan to people that couldn't afford it that caused the Meltdown. You really should step away from Liberal La La Land, obviously it's emptied your brain.

Nope, that was the RW story, but the government has been helping working folks buy house since the 1930's.

Banks gave money to middle class people (not poor people) who couldn't afford it because they thought they could always resell the property after repossession. That's why they sold the mortgages as bullshit investments until someone called bullshit on them.

 

[Blisterfinger]

And they are all from Bullshit rightwing sources that make idiot claims like "Supply Side Works" and "Deregulation is good for consumers" and other idiocy.

You like left wing socialist polities why do you live in the United States?

 

[Blisterfinger]

Nope, that was the RW story, but the government has been helping working folks buy house since the 1930's.

Banks gave money to middle class people (not poor people) who couldn't afford it because they thought they could always resell the property after repossession. That's why they sold the mortgages as bullshit investments until someone called bullshit on them.

Middle class people can typically afford to buy houses. At least they used to be able to before Joe Biden and Kamala Harris What country do you live in?

 

[JoeB131]

You like left wing socialist polities why do you live in the United States?

A capitalist country would have let the banks collapse in 2008 instead of bailing them out like Bush did.

Middle class people can typically afford to buy houses. At least they used to be able to before Joe Biden and Kamala Harris What country do you live in?

People are still buying houses now. Heck, my neighborhood, houses are going for a good price. My property has increased by 30% in the last three years.

 

[Blisterfinger]

A capitalist country would have let the banks collapse in 2008 instead of bailing them out like Bush did.



People are still buying houses now. Heck, my neighborhood, houses are going for a good price. My property has increased by 30% in the last three years.

People are not buying as many houses now. What good is it doing you that your property is worth 30% more other than raising your property taxes?
Obama did his share of bailing out as well.
Didn't you say you were not a Democrat or was that somebody else? Usually people don't admit to being Democrats on here.

 

[JoeB131]

People are not buying as many houses now. What good is it doing you that your property is worth 30% more other than raising your property taxes?
Obama did his share of bailing out as well.
Didn't you say you were not a Democrat or was that somebody else? Usually people don't admit to being Democrats on here.

Well, first, it means I have $70,000 in equity. Not that I would do that, but it's nice to have the option in case of a serious illness for myself or my wife.

I don't consider myself a Democrat. I'm an independent.

Obama had to bail out the parts of the economy Bush fucked up.

 

[Blisterfinger]

Well, first, it means I have $70,000 in equity. Not that I would do that, but it's nice to have the option in case of a serious illness for myself or my wife.

I don't consider myself a Democrat. I'm an independent.

Obama had to bail out the parts of the economy Bush fucked up.

Your $70,000 Equity at high interest rates. You would be a fool to take advantage of it. I have $200,000 in equity but it's not really doing me any good. I am grandfathered to a low interest rate . I could sell my house but buying another one to live in would really be a challenge not cost-effective. It's a backwards situation. You sure are quick to defend Democrats for their inequities but then turn around and deny that you are one. It's got me thinking you are a liar.

 

[daveman]

Or they just know Trump is a scummy guy.

...while ignoring all the scummy shit Democrats do. Y'know, part of the reason you love them.

Sure I do. We go back to the pro-labor, pro-consumer policies we had before Reagan.

How has Biden/Harris been pro-consumer the past few years? It costs a lot more to live now.