Breaking: Smoking gun. Biden’s secret Emails exposed
- Thread starter nail1988
- Start date
You are wrong there. He is a stupid Bammer. And a T-shirt fan at that.
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Nope but he did require Fannie Mae and Freddie Mac to devote a percentage of their lending to high risk mortgages. Too high of a percentage as it turns out...and THAT is what ended up biting us in the ass.
You either already knew that and chose to be intellectually dishonest or you didn't, and showed yourself to be clueless on the subject. Which scenario is better IYO?
Next he made it much easier for interstate banks to merge which compounded the impact of the bubble bursting...preventing it from being contained and instead allowing an avalanche.
Finally, in 1999, he signed a bill which repealed Glass-Steagall....and everything needed for the housing crisis was in place. Congress was stupid too (what else is new) but your pretending that Clinton was somehow not directly responsible for the housing crisis is downright dishonest or downright dumb as dogsh1t.
Seems like we had two Pub presidents before Clinton. Blaming Clinton for the CRA is just ignorant.
FNMA and Freddie Mac weren’t the reason for the the mortgage crisis. I can go into more detail if you’ll be willing to listen.
And Glass Steagell are also irrelevant. You’re close, but still off. Do you even know what Glass Steagel was about?
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LOL.You are the biggest blind partisan in the history of message boards.
And the dumbest.
Clinton weaponized the CRA by requiring Fannie and Freddie to issue a percentage of their loans to high risk applicants and by simplifying interstate bank mergers. If you don’t recognize that, it is you who is ignorant on this subject.
....and Clinton added a bit more fuel with two other changes (minor compared to these two).
Keep spinning if you like, it's entertaining to watch. Sorry BSC, but your boy screwed the pooch with his changes to the CRA and everyone who understands the crisis knows it.
LOL, you are FOS friend. You can't BS me on this subject.
The undoing of Glass-Steagel allowed the sh1tshow to spread...much like allowing easier interstate banks mergers. Killing GS allowed institutions to recouple commercial and investment banking.
Have you forgotten how this crisis started? Or are you simply spinning? No reasonably intelligent person who understands these mechanisms and the housing crisis could possibly pretend that Clinton's actions didn't lead directly to the implosion.
...but by all means, spin me a yarn.
After 6 Fed rate hikes, the NASDCAQ crash came in March, 2000. Little G. W. was elected in Nov., 2000. The NY Times naturally blamed G Dub for the recession he inherited.
Clinton was good for the economy but a foreign policy disaster. Clinton listened to his opponents on the economy. Mugabe did the economy his way with a number of Marxist policies. Marxism is not conducive to robust economic growth. Trump's first quarter in office saw a 1.6 GDP growth rate.
LOL yeah bought half the house I could afford in 2000 because rates were 8.5 and I knew a recession was coming due to the Fed...knew it was likely a lay-off could occur...it hit but we both skated ...then 911...still ok but clock ran out on me 4-15-2002...yep got laid off on tax day
...no IT jobs in NashVegas...worked retail for a bit until I started my own business...20 years later I am still in the "starter" home...been through 3 recession here...one in my 30s, 40s and now 50s...cant build a nest egg with a lay-off, my wifes 401k taking hits and one crash taking out a $40K+/yr contract with my biggest client. The other 9 contracts that year faded out slowly over several yrs. I let the biz die over time and my last contract ended in 4-2019. I have no desire to continuously hustle for contracts. Then there was the challenges of managing people. It was a small group and I had 2 people die on me. One by an accident ( 35 yrs/old) and the other from cancer (late 50s and her third round) in less than 2 years. Last yr I ran a non-profit...took 9 moths to figure it out and set it up. It ran for 5 months before covid hit...last event was the SEC tournament.
We worked it the one night and, sold $700 on what should have been a 3K-5K night and raised $240 dollars because of guaranteed minimums. The NPO should have raised 5K or more at that tourney. Beyond my control but as the "CEO" of the non-profit I felt as if I let the group down because I talked up the tourney to the volunteers and everyone was counting on raising the 5K+
Arena shut down the next day and is still not open.
Gloom despair and agony on me... Whoa...if it wernt fur bad luck Id have nun tall
...nah its not been all bad...looks worse in writing but we've put one kid thru private school all 13 yrs and another is in 9th grade and has been there since 5th...not bad for a middle class family...and Mr. Mom with his roller coaster income who has done nada since march.
LOL
Sure I can. The repeal of parts of Glass Steagal, authored by Phil Gramm btw, had little to do with the subprime mortgage crisis. That was brought on by loosening lending standards, the packaging of CMOs by investment banks, the collapse of credit default risk insurance and Poorly rated securities by the major ratings agencies.
What part of allowing commercial banks to pursue investment banking caused the crisis? You realize the repeal is still in place, yet we no longer have a real estate crisis.
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Veering off some more....
The population of America in 1776 was about 2.5 Million.
Having the 13 colonies form a federal government for mutual protection was a very good idea that was needed at that time.
Today, many large cities have more than 2.5 Million in them.
Today, the federal (DC swamp) has long since outlived it's usefulness imo.
It is unmanageable and massive bureaucratic and political corruption rules the day. 🤬
We need to revert to 50 independent states with their own state constitutions.
Then use treaties among the 50 states for mutual protection from the rest of the world. Those treaties would be enforced by all of the other states if any state goes to outside countries in ways that threaten the other American states.
Still one Country, but with 50 truly independent states.
Citizens can vote with their feet on which state constitution that they want to live under.
Funded by a Federal Sales Tax that is voted on by the citizens, not mandated by the corrupt. And any changes to the sales tax rate must be passed by a 2/3's vote of the 50 states population at large, not by any elected representatives.
Oklahoma would be a good new location for the states elected representatives to meet in congress. No WH would be needed, as State Governors would replace it.
Close the UN in NY. Give Bermuda an economic boost by relocating the UN's offices to Bermuda.
Stop being the worlds 'Sugar Daddy' for the UN, the WHO, and NATO.
Every country carries it's own weight. WWII ended 75 years ago.
Voluntary Charity to the Deserving Needy, instead of forced taxation (socialism) for the undeserving that is then mostly bled off into the pockets of the corrupt.
Let the 'New & Improved' IDEAS flow.....
In past elections when we had the well groomed Democrat versus the Rhino Republican I concede the point, your point, i.e., what difference does it make? The choice then was between the lesser of two evils and I usually chose the Rhino because of the more conservative policies.. But then along came Trump. Surprise, surprise, surprise we have a Republican candidate who is not a Rhino. The Washington "swamp" creatures don't like him and if we can get him re-elected they are going to have a meltdown that just won't quit. I can hardly wait.
No I vote for the person except in the case of President this year. I had no problem choosing given the Rep no
noth, understand where you are coming from, I am just hoping that enough voters have had their fill of the Trumpster. Wont be long before we know. I believe this election is going to very close when all is said and done.
I respect that. I wish I could help you but stuff happens. I have a daughter and granddaughter, who I love dearly, and they continue to hang with the Dims. I can't help them either but I still have hope that maybe one of these days I can save them.
Only if the Rat's fraudulent write-in's flood in for weeks after election day is over will that happen.
Nancy Pil-low-see -- "Joe, don't concede the election, no matter what the vote is...."
And the ugly be-ach Arkancide Hillbillery agrees with that....
If it is close, I don't see either side conceding easily.
The Dems are very corrupt, but I can see how they would see the Pubs the same way. One mans cheating is another man's voter suppression.
What is true is that I have never seen this nation so divided. Hurts my heart as a Veteran and a patriot. Seems half the country now hates the country one way or the other.
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Insta, I agree with you just on about everything you say politically. But man. Making fun of hillbillies will not get you many friends. Many Trump voters are hillbillies including me.
Was not "cops acting stupidly" part of the ground work for our division? Comments with virtually no knowledge of an incident concerning cops.
Eric is dispatched to Ferguson to embrace the family of a criminal. Two sets of forensic evidence told us a white cop acted properly when addressing a criminal.
"We must not rush to judgement," when the world knew well about the Fort Hood massacre.
All polling data I can dig up tells me race relations were better when Lamumba assumed his role in the Oval Office than when he left.
Then an outsider upset the Boy's Club because voters issued a resounding "no!" to a fundamental change in America.
Eric is dispatched to Ferguson to embrace the family of a criminal. Two sets of forensic evidence told us a white cop acted properly when addressing a criminal.
"We must not rush to judgement," when the world knew well about the Fort Hood massacre.
All polling data I can dig up tells me race relations were better when Lamumba assumed his role in the Oval Office than when he left.
Then an outsider upset the Boy's Club because voters issued a resounding "no!" to a fundamental change in America.
See above.
Red herring...never said neutering GS caused the crisis. I, and many other learned scholars, said it deepened the crisis....because it did.
Do you understand how?
marty, you are confusing hillbillies with the Hillbillery (Hillary and Bill).
'The Arkancide Hillbillery' is the exact opposite of what a real hillbilly is.
When did he lose?
Dems are going to lose in 2020 in great part because they still can't accept they lost in 2016.
...said the overweight lesbian screaming at a street sign while wearing a vagina hat.
LMAO....I have a lesbian sister.
...so yea, no she doesn't. She's still convinced that Trump will steal her right to be married. I shit you not.
As for the rest of my family, not sure what you mean. Before I react, why don't you clarify it for me?
Wow. A simple meme speaks 10,000 words. Well done.
Bama, I have deleted my post, think I misunderstood what you were saying. My apologies.
Fair enough...I was a bit confused.
LOL, I didn't mean that you were fat or a lesbian fwiw.
Except for the " BamaFan" I believe we could get a long with no animosity after this darn election is out of the picture........jim
