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no link? let me guess?
AEI? Heritage? Cato? US C of C? Business Roundtable? American Mortgage Bankers Association?
revisionist lies from the corrupt, criminal, fraudulent, thieving financial sector and its shills like Yoni, WC, etc.
no link? let me guess?
AEI? Heritage? Cato? US C of C? Business Roundtable? American Mortgage Bankers Association?
revisionist lies from the corrupt, criminal, fraudulent, thieving financial sector and its shills like Yoni, WC, etc.
Last edited by boutons_deux; 12-24-2012 at 11:45 AM.
obviously, countercyclical Fed policy, lax bank oversight and a sustained political push behind the "ownership society" couldn't have had anything to with the disclosed trend.
the stronger gambit is to pin it all on Clinton owing to the Commodities Modernization Act, but animosity toward undeserving minorities and the greedy poor isn't so easily folded into that.
Last edited by Winehole23; 12-24-2012 at 08:41 AM.
The govt simply can't force lenders, esp non-regulated, private lenders (a HUGE sector of the mortgage-flipping, fee-pocketing bubble), to do ANYTHING (like really participate helping borrowers in the lenders' bubble aftermath), esp to sell mortgages they don't want to sell.
Greenspan/Fed could have deflated/prevented the bubble early by raising interest rates, but Greenspan is famous for his incompetence in the housing bubble, allowing banks a huge spread.
Racist WC blaming the housing bubble on poor, black/brown victims of the financial sector criminals.
lol ACORN
The first line is the link Shazbot.
VRWC/1%/bankers/brokers Investors.com?
Yeah...its a shame its not moonbat.org.
Citing Sperry is getting close tbh.
So I guess we're ignoring the fact that the line shot up from 2 trillion around 2001/2 to 6 trillion in 2008?
TB
I think a question you need to ask yourself here is whether anyone here finds your sources valid. Everyone knows that WC is a biased moron that will twist whatever appearance to fit his political ideals. Your need to come in here an point it out is ironic as you do the same thing: post obnoxiously biased material.TB
You both seem more interested in proselytizing over having an intelligent exchange. Neither seem to give a about the predisposition of your audience. It reminds me of Pentecostals trying to 'save' people.
LOL
LOL
Fuzzytroll... what's your intent?
LOL
/WC
Ive been bottling Vitamin I and selling it on the black surgeon market. I make a killing everytime Capt. RSS posts a link.
every president since reagan ought to take responsibility for the current hardship us has been struggling with imo. has been going the wrong way for 20 years at least. the presence of soviet union gave us the incentive to compete against corruption and poor efficiency, but such incentive was gone as the soviet union collapsed.
obama is gonna make it look like it was all the fault of his predecessor n he's such a pro playing with the blame card. bush ain't a good president and i ain't a fan of him but he's not that bad as the obamanians wanna make you think tbh
Taibbi the Destroyer of Financial Assholes and S bags, strikes again
Glenn Hubbard, Leading Academic and Mitt Romney Advisor, Took $1200 an Hour to Be Countrywide's Expert Witness
Read more: http://www.rollingstone.com/politics...#ixzz2G1DZ2snq
CRA? Really? CRA?
Last edited by boutons_deux; 12-24-2012 at 09:39 PM.
Read More At IBD: http://news.investors.com/ibd-editor...#ixzz2G2eQ9GChBanks that didn't meet Clinton's tough new numerical lending targets were denied merger plans, among other penalties. CRA shakedown groups like Acorn held hostage the merger plans of banks like Citibank and Washington Mutual until they pledged more loans to credit-poor minorities (see chart).
Boo hoo...so banks couldn't merge unless they made more risky loans...cry me a river......but it was Clinton's fault...idiots...
Look deeper.
The rule change for 1997 had a $0.8T increase for that one year. The economy was booming just before Y2K. After the Tech bubble burst, that rate of increase after 2000 was $0.6T/year.
So...
I don't see your point!!!
ACORN is so 2008.
there is no ACORN, anymore . . .
Mainly that if Republicans didn't agree with the program, they could have introduced, and likely passed, legislature to discontinue it. Also, if Clinton didn't know the tech bubble was going to burst, it's also likely that the program would have increased marginally instead of exploding upwards.
Ive been bottling Vitamin I and selling it on the black surgeon market. I make a killing everytime Capt. RSS posts a link.
Oh and it's highly unlikely that Clinton or Bushs names appear as the leinholder on any housing contracts.
Have you seen a bubble yet that didn't burst?
Yes, but predicting when the bubble WILL burst is slightly tougher. Also, if Bush and co knew when it was going to burst, you'd think they could have warned about this sort of legislation and killed it. *shrug*
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