Chrisisall's Economics 101 by chrisisall

Exceptions to the rule, or dudes that made it before de- and non-regulation let the nuts take over the nuthouse.

Don't be putting holes in my theories Jong, it'll directly impact my marketable profits, & I'll be forced to sue your a*s.

I'm a playerisall

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Tuesday, September 30, 2008 8:36 AM

JONGSSTRAW

Quote:
Originally posted by chrisisall:
Exceptions to the rule, or dudes that made it before de- and non-regulation let the nuts take over the nuthouse.

Don't be putting holes in my theories Jong, it'll directly impact my marketable profits, & I'll be forced to sue your a*s.

I'm a playerisall

De-regulation - versus - Over-regulation...that's the key here. Many from both sides of the aisle warned repeatedly of problems with Freddie & Fannie. Those that voiced concerns were threatened with racial discrimination lawsuits, etc. The general public was constantly told that Freddie & Fannie were strong, but all the insiders knew it was a house of cards. Banks were forced by law to make bad loans, it's that simple. Affirmative Action for Housing was a PART of this mess. Lots of blame to go all around, particularly from the SEC.

Here's more on this aspect of the crisis:(quote from recent article):
"The Los Angeles Times reported that, starting in 1992, a majority-Democratic Congress "mandated that Fannie and Freddie increase their purchases of mortgages for low-income and medium-income borrowers. Operating under that requirement, Fannie Mae, in particular, has been aggressive and creative in stimulating minority gains."
Under Clinton, the entire federal government put massive pressure on banks to grant more mortgages to the poor and minorities. Clinton's secretary of Housing and Urban Development, Andrew Cuomo, investigated Fannie Mae for racial discrimination and proposed that 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low- to moderate-income borrowers by the year 2001.
Threatening lawsuits, Clinton's Federal Reserve demanded that banks treat welfare payments and unemployment benefits as valid income sources to qualify for a mortgage. That isn't a joke -- it's a fact.
When Democrats controlled both the executive and legislative branches, political correctness was given a veto over sound business practices.
In 1999, liberals were bragging about extending affirmative action to the financial sector. Los Angeles Times reporter Ron Brownstein hailed the Clinton administration's affirmative action lending policies as one of the "hidden success stories" of the Clinton administration, saying that "black and Latino homeownership has surged to the highest level ever recorded."
Meanwhile, economists were screaming from the rooftops that the Democrats were forcing mortgage lenders to issue loans that would fail the moment the housing market slowed and deadbeat borrowers couldn't get out of their loans by selling their houses.
A decade later, the housing bubble burst and, as predicted, food-stamp-backed mortgages collapsed. Democrats set an affirmative action time-bomb and now it's gone off.
In Bush's first year in office, the White House chief economist, N. Gregory Mankiw, warned that the government's "implicit subsidy" of Fannie Mae and Freddie Mac, combined with loans to unqualified borrowers, was creating a huge risk for the entire financial system.
Rep. Barney Frank denounced Mankiw, saying he had no "concern about housing." How dare you oppose suicidal loans to people who can't repay them! The New York Times reported that Fannie Mae and Freddie Mac were "under heavy assault by the Republicans," but these entities still had "important political allies" in the Democrats.
Now, at a cost of hundreds of billions of dollars, middle-class taxpayers are going to be forced to bail out the Democrats' two most important constituent groups: rich Wall Street bankers and welfare recipients.
Political correctness had already ruined education, sports, science and entertainment. But it took a Democratic president with a Democratic congress for political correctness to wreck the financial industry."

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Tuesday, September 30, 2008 9:12 AM

I have a vote and I'm not afraid to use it!

"Banks were forced by law to make bad loans, it's that simple."

NOT TRUE.

STATE regulators, consumer agencies and attorneys general noticed an increase of PREDATORY lending but were FORCED by the administration through the OCC to NOT enforce their consumer protection statutes or their banking laws. http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008
021302783.html?nav=rss_opinion/columns

FURTHERMORE - as an example - Countrywide steered roughly 50% of people who qualified for regular loans into subprime loans. After making an excess of money (fees and points) on these bad loans, they THEN sold bundles of these illegal mortgages as investment packages.

NO ONE FORCED ANYONE TO MAKE BAD LOANS ! They were driven by GREED and a FORCED LACK of regulatory oversight. Pure and simple.

***************************************************************

Silence is consent.

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Tuesday, September 30, 2008 9:14 AM

FREMDFIRMA

Jong, if you want the economic ponzi bullshit that started em down that road....

Follow the financial practices of America Online, and then ask Time-Warner how they felt about being sucker punched when the mask came off.

And then go ask how many of the execs responsible now live overseas.

I'd dearly love to see Steve Case swing from a rope for setting an example that lead to so much misery - AND for deliberately fostering and feeding an underground market that was even worse.
(Trust me, you'll know, it'll practically steamroller you from the side when you start digging into their finances.)

-Frem

It cannot be said enough, those who do not learn from history, are doomed to endlessly repeat it

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Tuesday, September 30, 2008 9:20 AM

America loves a winner!

Chris, you're funny, sometimes entertaining, but this post clearly shows you're also a boob.

Stay clear of the oily rags when you're playing w/ the shiny lighter, mmmkay ?

It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager

" They don't like it when you shoot at 'em. I worked that out myself. "

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Tuesday, September 30, 2008 9:26 AM

America loves a winner!

Quote:
Originally posted by rue:
"Banks were forced by law to make bad loans, it's that simple."

NOT TRUE..

Actually, that is VERY TRUE. Groups like ACORN would protest banks and force them into making bad loans for undeserving applicants.

ACORN recognized very early the opportunity presented by the Community Reinvestment Act (CRA) of 1977. As Stanley Kurtz has reported, ACORN proudly touted "affirmative action" lending and pressured banks to make subprime loans. Madeline Talbott, a Chicago ACORN leader, boasted of "dragging banks kicking and screaming" into dubious loans. And, as Sol Stern reported in City Journal, ACORN also found a remunerative niche as an "advisor" to banks seeking regulatory approval. "Thus we have J.P. Morgan & Co., the legatee of the man who once symbolized for many all that was supposedly evil about American capitalism, suddenly donating hundreds of thousands of dollars to ACORN." Is this a great country or what? As conservative community activist Robert Woodson put it, "The same corporations that pay ransom to Jesse Jackson and Al Sharpton pay ransom to ACORN."

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Tuesday, September 30, 2008 9:26 AM

I have a vote and I'm not afraid to use it!

Rap

As usual, no cites, no facts, just a generous dose of Kool-Aid.

How's that roaring economy ? And those HUGE stockpiles of WMDS 'in the area around Tikrit and Baghdad and east, west, south and north somewhat' ?

***************************************************************

Silence is consent.

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Tuesday, September 30, 2008 9:29 AM

JONGSSTRAW

Quote:
Originally posted by rue:
"Banks were forced by law to make bad loans, it's that simple."

NOT TRUE.

STATE regulators, consumer agencies and attorneys general noticed an increase of PREDATORY lending but were FORCED by the administration through the OCC to NOT enforce their consumer protection statutes or their banking laws. http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008
021302783.html?nav=rss_opinion/columns

FURTHERMORE - as an example - Countrywide steered roughly 50% of people who qualified for regular loans into subprime loans. After making an excess of money (fees and points) on these bad loans, they THEN sold bundles of these illegal mortgages as investment packages.

NO ONE FORCED ANYONE TO MAKE BAD LOANS ! They were driven by GREED and a FORCED LACK of regulatory oversight. Pure and simple.

***************************************************************

Silence is consent.

You make it sound like Fannie & Freddie were merely acting as " fences " for everyone else's criminal activity. I believe F&F, with their bought & paid for political protection, actually became the defacto ringleader/cheerleaders of the whole criminal conspiracy.

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Tuesday, September 30, 2008 9:30 AM

America loves a winner!

Quote:
Originally posted by rue:
Rap

As usual, no cites, no facts, just a generous dose of Kool-Aid.

Sorry, just the facts, no kool-aid here.

One source, but as is stated in the text, as reported by Stanley Kurtz, which you can google to your heart's content and find it easily enough.
http://www.patriotfiles.com/forum/showthread.php?p=420249

Roaring economies eventually come to an end, after how how many straight quarters of postive growth ? Some would say we NEED a slow down.

WMDs were moved to Syria, in the MONTHS leading up to the war, and or some were buried , in the vast Iraqi desert. Doesn't matter, the U.N. approved of military action, we took it, took out Saddam and his sons, and the surge is working.

Job well done !

Rue, you're going to have to face reality soon enough. Quit listening to the kook- fringe assholes who are against all that is good and moral.

THERE ARE FOUR LIGHTS!!

Deal w/ it .

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Tuesday, September 30, 2008 9:38 AM

I have a vote and I'm not afraid to use it!

You're kidding me, right ? THESE are the facts you claim to have about that 'roaring' economy ? http://www.patriotfiles.com/forum/showthread.php?p=420249 This would be a joke if it was least a little but humorous.

And for the WMDs - Uhmm, if Rumsfeld KNEW where they were, then he KNEW they were in Syria - right ? SOOOooo - was he just pulling your leg when he said they were near Tikrit and around Baghdad ? I mean, after all, if you don't trust Rumsfeld, who DO you trust ?

***************************************************************

Silence is consent.

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Tuesday, September 30, 2008 9:46 AM

America loves a winner!

Duck and cover. There's no dance floor here, Rue, so stop prancing around. The issue now isn't WMD or a "roaring economy ", dumb ass. You made the claim that no threats were made for banks to make bad loans.

THE FACTS ARE, THEY WERE THREATENED TO MAKE BAD LAONS, and you can't deal w/ the TRUTH!!!!

THERE ARE FOUR LIGHTS!!

Deal w/ it.

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Tuesday, September 30, 2008 9:55 AM

I have a vote and I'm not afraid to use it!

Four lights ???? Are you seeing things ? Seriously.

As for those threats to make bad loans ..... YYYAAAaawwnnnn. Some cites and facts, please.

BTW - the reason why I keep bringing up the roaring economy and WMDs is b/c it highlights how consistently bad your judgment (not to say contact with reality) has been all these years.

Deal w/ it.

***************************************************************

Silence is consent.

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Tuesday, September 30, 2008 10:02 AM

Quote:
Originally posted by AURaptor:
Quit listening to the kook- fringe assholes who are against all that is good and moral.

And no one is gooder or moraler than you and yours, eh VELoci?

I swear, if nuclear (nucular-?) war suddenly broke out,
1) It'd be Clinton's fault
2) It'd be Good for us in the long run, y'know, the Rapture (RAPture-?) and all...
3) It's be good for the economy (Martians rebuilding Earth and all).

Chrisisall

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Tuesday, September 30, 2008 10:44 AM

America loves a winner!

Quote:
Originally posted by rue:
Four lights ???? Are you seeing things ? Seriously.

As for those threats to make bad loans ..... YYYAAAaawwnnnn. Some cites and facts, please.

BTW - the reason why I keep bringing up the roaring economy and WMDs is b/c it highlights how consistently bad your judgment (not to say contact with reality) has been all these years.

Deal w/ it.

Thought you'd get the Star Trek/ Cardassian Mind control reference. -

Guess not.

Examples? Already given. Read again.

Back when I made the 'roaring economy ' remark, the economy was indeed doing very well, despite the lies and distortions the Left and the Mainstream media was giving. We went all over this, GDP, low unemployment numbers, low interest rate, no inflation, positive big ticket items. industry orders...ALL pointed to a strong, healthy economy. This was how many years ago ? 2 , 3 ? My POINT was that, despite what we were being told, the FACTS pointed to things not being bad at all.

WMD ? We gave Saddam MONTHS to do what ever he wanted to do w/ the WMD he had, and he seems to have skirted it across the border into Syria. We can't claim that, because it involves charges against another country, and w/ the admitted failures of intel already out there, no one is willing to stick their neck and put their job on the line now. One thing's for certain, EVERYONE assumed Iraq had WMD , in much greater numbers than we found. Saddam himself admitted to having more, but when none were found, folks simply expect us to shrug our shoulders and say " oh well, that's the end of that! ". No ruttin' way. The risk is far too high for us to close our eyes and look away.

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Tuesday, September 30, 2008 10:46 AM

Horsecrap, Rap, try again.

Chrisisall

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Tuesday, September 30, 2008 10:48 AM

America loves a winner!

Quote:
Originally posted by chrisisall:
Quote:
Originally posted by AURaptor:
Quit listening to the kook- fringe assholes who are against all that is good and moral.
And no one is gooder or moraler than you and yours, eh VELoci?

I swear, if nuclear (nucular-?) war suddenly broke out,
1) It'd be Clinton's fault
2) It'd be Good for us in the long run, y'know, the Rapture (RAPture-?) and all...
3) It's be good for the economy (Martians rebuilding Earth and all).

1 - It might very well be Clinton's fault, for being a paper tiger that Osama bin Laden talked about, during his Fatwa against Clinton, back in '98.
2 - Don't see the math in that. Atheist don't buy into the rapture crap.
3 - It'll give us 'the earth that was ', and we can finally see Firefly brought to real life. So, that's a good thing, right ?

BIGDAMNRaptorisall.

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Tuesday, September 30, 2008 10:50 AM

America loves a winner!

Quote:
Originally posted by chrisisall:
Horsecrap, Rap, try again.

Chrisisall

Fact, mi amigo.

Learn to deal.

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Tuesday, September 30, 2008 10:53 AM

Quote:
Originally posted by AURaptor:

Fact, mi amigo.

Learn to deal.

Facts are like keys; turn 'em sideways & they just open beer bottles.

Figurethatoneoutisall

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Tuesday, September 30, 2008 10:58 AM

America loves a winner!

Quote:
Originally posted by chrisisall:
Quote:
Originally posted by AURaptor:

Fact, mi amigo.

Learn to deal.

Facts are like keys; turn 'em sideways & they just open beer bottles.

You're entitled to your own opinion, but not your own facts.

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Tuesday, September 30, 2008 11:00 AM

Quote:
Originally posted by AURaptor:

You're entitled to your own opinion, but not your own facts.

Not YOUR facts, at any rate

BURN!!!!isall

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Tuesday, September 30, 2008 11:03 AM

America loves a winner!

Facts are facts.

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Tuesday, September 30, 2008 11:07 AM

Quote:
Originally posted by AURaptor:
Facts are facts.

No, facts are tools for expanding awareness, or hidin' the truth (which is what- half of history--?).

Chrisisall

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Tuesday, September 30, 2008 11:09 AM

America loves a winner!

Chris, you make up excuses to ignore facts all you want, it won't change a gorram thing.

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Tuesday, September 30, 2008 11:17 AM

Quote:
Originally posted by AURaptor:
Chris, you make up excuses to ignore facts all you want, it won't change a gorram thing.

Facts lead to truth, lest they're tweaked some.
For instance, current economic instability began in Carter years, got the pins set by Clinton's policies, and Bush rolled the strike with his 'no rules' cowboy mentality. Left wants to say it was all Bush, right wants to say it was all Clinton, tweaked facts will support either view, un-tweaked facts shows no one's clean on this.

It's that simple, but you go on hating 'the enemy', k?

isall

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Tuesday, September 30, 2008 11:22 AM

America loves a winner!

Quote:
Originally posted by chrisisall:
Quote:
Originally posted by AURaptor:
Chris, you make up excuses to ignore facts all you want, it won't change a gorram thing.

Facts lead to truth, lest they're tweaked some.
For instance, current economic instability began in Carter years, got the pins set by Clinton's policies, and Bush rolled the strike with his 'no rules' cowboy mentality. Left wants to say it was all Bush, right wants to say it was all Clinton, tweaked facts will support either view, un-tweaked facts shows no one's clean on this.

It's that simple, but you go on hating 'the enemy', k?

isall

Empty talking points, not facts, are all you bring to the table.

Bush rolled the strike with his 'no rules' cowboy mentality.

Sadly for you, the facts don't back that claim up. Bush wanted to reign in Fannie and Freddie. Tried 34 times, he did, but only to have the Dems deny him. From the NYTimes, of all papers...

September 11, 2003– The Bush Administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry,

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac — which together have issued more than $1.5 trillion in outstanding debt — is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.

Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.
http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC
0A9659C8B63&sec=&spon=&pagewanted=print

You continued objection to the facts is all that allows you to live in your fantasy world of denial.

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Tuesday, September 30, 2008 11:42 AM

Quote:
Originally posted by AURaptor:

Empty talking points, not facts, are all you bring to the table.

Bush rolled the strike with his 'no rules' cowboy mentality.

Sadly for you, the facts don't back that claim up.

See, this is it- you posted some factual stuff, but the cowboy mentality of which I speak is that we illegally invaded a nation, that's from the top that the way to get things done is to ignore the rules in favour of a perceived 'good'. President don't follow rules, why should anyone?
And If Bush WANTED to do something, he could have, just like Katrina, but that's not 'his job'. Bullshit, no matter what mess Clinton left, he WANTED the job, so the mess became his, just like the present mess will be the RESPONSIBILITY of whoever comes next. It's a thread, not a series of stop signs.

Chrisisall

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Tuesday, September 30, 2008 12:00 PM

America loves a winner!

Quote:
See, this is it- you posted some factual stuff, but the cowboy mentality of which I speak is that we illegally invaded a nation,

Bullshit! Now you're spinning, to try to save face. You're attempting to do what most Libs do, and that's change the topic of discussion when you can't back up your position. The 'cowoby' reference was solely on the matter of ECONOMICS, and didn't have a gorram thing to do w/ the war in Iraq. Stick to one topic at a time, if you can.

Quote:
that's from the top that the way to get things done is to ignore the rules in favour of a perceived 'good'. President don't follow rules, why should anyone?

Sorry, but that's not how Bush sees it. It's how the LEFT sees it. Remember Paul Begala's famous quote, on Clinton making up laws via Executive Order ? " Stroke of the pen, law of the land.....kinda cool " . That's the view the LEFT has, that the President is KING, which is all fine and dandy when YOUR guy is in the Whtie House, but not for Bush ? Fuck you! You accuse Bush of doing E-X-A-C-T-L-Y what Clinton DID, while giving Clinton a pass ?

Quote:

And If Bush WANTED to do something, he could have, just like Katrina, but that's not 'his job'. Bullshit, no matter what mess Clinton left, he WANTED the job, so the mess became his, just like the present mess will be the RESPONSIBILITY of whoever comes next. It's a thread, not a series of stop signs.

Katrina is nothing more than Dems attacking this country for their own political power. Not attacking BUSH, attacking AMERICA. Dems would destroy the country to gain power , and it shows.

Screw it. I'm not getting side tracked

*edit*

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Tuesday, September 30, 2008 12:51 PM

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)

Quote:

Sadly for you, the facts don't back that claim up. Bush wanted to reign in Fannie and Freddie. Tried 34 times, he did, but only to have the Dems deny him. From the NYTimes, of all papers...

So your claim is that it's all Clinton's fault, that it started in '99, under Clinton and the Republican-led Congress, and that in the ensuing years when the Republicans had control of the House, the Senate, AND the White House, they did absolutely nothing to correct the problems. Yet somehow, they DID try, but "the Dems" denied them, even though they were badly outnumbered by the Bush Rubber Stamp Company's crew in Congress.

Is that about the size of it?

Mike

This world is a comedy for those who think, and a tragedy for those who feel.

Trolls Against McCain!

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Tuesday, September 30, 2008 12:53 PM

America loves a winner!

Quote:
Originally posted by Kwicko:
Quote:

Sadly for you, the facts don't back that claim up. Bush wanted to reign in Fannie and Freddie. Tried 34 times, he did, but only to have the Dems deny him. From the NYTimes, of all papers...

So your claim is that it's all Clinton's fault, that it started in '99, under Clinton and the Republican-led Congress, and that in the ensuing years when the Republicans had control of the House, the Senate, AND the White House, they did absolutely nothing to correct the problems. Yet somehow, they DID try, but "the Dems" denied them, even though they were badly outnumbered by the Bush Rubber Stamp Company's crew in Congress.

Is that about the size of it?

Yep. Only the Dems were never " badly outnumbered" as, you put it. The GOP didn't have the majority size they needed in order to accomplish what was needed.

It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager

" They don't like it when you shoot at 'em. I worked that out myself. "

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Tuesday, September 30, 2008 1:13 PM

Quote:
The GOP didn't have the majority size they needed in order to accomplish what was needed.

And let me guess... that they couldn't get their majority to vote to fix the problem is still Clinton's fault somehow. Even during the 6 years between Bush becoming President and the Democrats regaining a majority in the House (but NOT a majority in the Senate).

So there were six years of solid Republican control of the Executive and Legislative branches of government, and they couldn't get ANYTHING done to fix the problems which you say they all so clearly saw?

That doesn't speak very well of Republicans...

Mike

This world is a comedy for those who think, and a tragedy for those who feel.

Trolls Against McCain!

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Tuesday, September 30, 2008 3:20 PM

Quote:
Originally posted by AURaptor:
The 'cowoby' reference was solely on the matter of ECONOMICS, and didn't have a gorram thing to do w/ the war in Iraq.

Tell me what I mean please, I beg of you.

Quote:
Stick to one topic at a time, if you can.

I get it- there will be no linkage, eh?

Quote:

Sorry, but that's not how Bush sees it.

Quan do liu sha did I ever not ask how HE sees it?

Quote:
. That's the view the LEFT has, that the President is KING, which is all fine and dandy when YOUR guy is in the Whtie House, but not for Bush ? Fuck you! You accuse Bush of doing E-X-A-C-T-L-Y what Clinton DID, while giving Clinton a pass ?

Fuck ME???
no, FUCK YOU, you little elephant-humping piece of psuedo-patriotic shit, you're saying Bush could start a war on bullshit terms and throw this country into trillions in debt, and get 100,000 humans fucking DEAD in the process, but somehow could not get light shed on the Democratic-shielded Fannie/Freddie debacle??? Y'know, I'm kinda glad you can't get you goddamn head outta your stupid ass, the sound would crack my CRT, you pious, self-righteous, partisan motherfucker!!!*

*That's how it's done where I'm from

NYerisall

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Tuesday, September 30, 2008 3:33 PM

America loves a winner!

No, FUCK YOU, Chrissy. YOUR GORRAM WORDS

Quote:
Facts lead to truth, lest they're tweaked some.
For instance, current economic instability began in Carter years, got the pins set by Clinton's policies, and Bush rolled the strike with his 'no rules' cowboy mentality

YOU started this off by talking of the ECONOMIC situation. Then, when I clearly gave evidence to support my point,which showed Bush attempted to stay this crisis, years ago, YOU did the pussy move of duck and dive by trying shift the topic to Bush going into Iraq, which didn't have a god damn thing to do w/ the topic of discussion. Iraq doesn't have 1 damn thing to do w/ the mortgage crisis or the stock market tanking, and you KNOW it. Your ' cowboy mentality ' of Bush was NOT about Iraq. Why can't you be a man, FOR ONCE, and admit you got your ass handed to you? OH, you're too much of a punk to admit it, is what I'm guessin'.

Had higher hopes for you, I did.

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Tuesday, September 30, 2008 3:53 PM

FUTUREMRSFILLION

Quote:
Originally posted by chrisisall:
Horsecrap, Rap, try again.

Chrisisall
]

I thought it smelled more like Bullshit. I need to get back to the farm.....

I am on The List. We are The Forsaken and we aim to burn!
"We don't fear the reaper"

FORSAKEN original

“I like your Christ, I do not like your Christians. Your Christians are so unlike your Christ.” Mahatma Gandhi

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Tuesday, September 30, 2008 3:57 PM

America loves a winner!

Quote:
Originally posted by FutureMrsFIllion:
Quote:
Originally posted by chrisisall:
Horsecrap, Rap, try again.

Chrisisall

I thought it smelled more like Bullshit. I need to get back to the farm.....

If you've got something to say, then just say it like a mature, upright walking human being. Instead, you're nothing more than a whiney, ill tempered brat. Thankfully, w/ no freakin' laser beam on your noggin, but a brat none the less.

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Tuesday, September 30, 2008 4:00 PM

I have a vote and I'm not afraid to use it!

Rap

You DO know that Fannie Mae and Freddie Mac don't actually write loans to consumers - right ?
That the problems are due to the orginal banks and lending organizations - right ?
That the problems are FAR bigger than either corporation, and that 'reforming' either one or both would not have solved the problems - right ?
That 'reforming' them would have been rearranging the chairs on the deck of the Titanic - right ?
And that blaming those corporations for bad loans is like blaming the yellow leaves on the trees for the approach of winter - right ?

You DO know all this - right ?

BANK FAILURES
http://www.fdic.gov/bank/individual/failed/index.html
Washington Mutual Bank, Henderson, NV and Washington Mutual Bank FSB, Park City, UT September 25, 2008 September 25, 2008
Ameribank, Northfork, WV September 19, 2008 September 19, 2008
Silver State Bank, Henderson, NV
En Español September 5, 2008 September 5, 2008
Integrity Bank, Alpharetta, GA August 29, 2008 August 29, 2008
The Columbian Bank and Trust, Topeka, KS August 22, 2008 August 22, 2008
First Priority Bank, Bradenton, FL August 1, 2008 August 1, 2008
First Heritage Bank, NA, Newport Beach, CA July 25, 2008 July 25, 2008
First National Bank of Nevada, Reno, NV July 25, 2008 July 25, 2008
IndyMac Bank, Pasadena, CA July 11, 2008 July 11, 2008
First Integrity Bank, NA, Staples, MN May 30, 2008 July 25, 2008
ANB Financial, NA, Bentonville, AR May 9, 2008 July 25, 2008
Hume Bank, Hume, MO March 7, 2008 July 25, 2008
Douglass National Bank, Kansas City, MO January 25, 2008 July 25, 2008
Miami Valley Bank, Lakeview, OH October 4, 2007 July 25, 2008
NetBank, Alpharetta, GA September 28, 2007 July 25, 2008
Metropolitan Savings Bank, Pittsburgh, PA February 2, 2007 July 25, 2008
Bank of Ephraim, Ephraim, UT June 25, 2004 April 9, 2008
Reliance Bank, White Plains, NY March 19, 2004 April 9, 2008
Guaranty National Bank of Tallahassee, Tallahassee, FL March 12, 2004 July 25, 2008
Dollar Savings Bank, Newark, NJ February 14, 2004 April 9, 2008
Pulaski Savings Bank, Philadelphia, PA November 14, 2003 July 22, 2005

BEAR STEARNS BAILOUT
http://www.iht.com/articles/2008/03/16/business/paulson.php
Bear Stearns had made a fortune in mortgage-backed securities but faced a possible collapse after those investments soured.

ARMS AND SUBPRIME LOANS
http://en.wikipedia.org/wiki/United_States_housing_bubble
The crisis began with the bursting of the United States housing bubble[1][2] and high default rates on "subprime" and adjustable rate mortgages (ARM), beginning in approximately 2005–2006. For a number of years prior to that, declining lending standards, an increase in loan incentives such as easy initial terms, and a long-term trend of rising housing prices had encouraged borrowers to assume difficult mortgages in the belief they would be able to quickly refinance at more favorable terms. However, once interest rates began to rise and housing prices started to drop moderately in 2006–2007 in many parts of the U.S., refinancing became more difficult. Defaults and foreclosure activity increased dramatically as easy initial terms expired, home prices failed to go up as anticipated, and ARM interest rates reset higher. Foreclosures accelerated in the United States in late 2006 and triggered a global financial crisis through 2007 and 2008. During 2007, nearly 1.3 million U.S. housing properties were subject to foreclosure activity, up 79% from 2006.[3]

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Silence is consent.

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Tuesday, September 30, 2008 4:15 PM

FUTUREMRSFILLION

Quote:
Originally posted by AURaptor:
Quote:
Originally posted by FutureMrsFIllion:
Quote:
Originally posted by chrisisall:
Horsecrap, Rap, try again.

Chrisisall

I thought it smelled more like Bullshit. I need to get back to the farm.....

If you've got something to say, then just say it like a mature, upright walking human being. Instead, you're nothing more than a whiney, ill tempered brat. Thankfully, w/ no freakin' laser beam on your noggin, but a brat none the less.

It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager

" They don't like it when you shoot at 'em. I worked that out myself. "

If being a snob means being extremely intelligent, caring about the world around me, caring that people have health care and food and a place to live, caring that my nephew and the men and women he works with stays safe and gets the fuck out of Iraq. Actually living my life according to the teachings of Christ and not pretending to - if all that makes me a snob then FANFUCKINGTASTIC. Better a snob than a kool aid drinking idiot.

I am on The List. We are The Forsaken and we aim to burn!
"We don't fear the reaper"

FORSAKEN original

“I like your Christ, I do not like your Christians. Your Christians are so unlike your Christ.” Mahatma Gandhi

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Tuesday, September 30, 2008 4:40 PM

America loves a winner!

Quote:
If being a snob means being extremely intelligent, caring about the world around me, caring that people have health care and food and a place to live, caring that my nephew and the men and women he works with stays safe and gets the fuck out of Iraq. Actually living my life according to the teachings of Christ and not pretending to - if all that makes me a snob then FANFUCKINGTASTIC. Better a snob than a kool aid drinking idiot.

Wow. Easy to throw your messiah worshiping self off the trail of any damn topic, huh?

I'm sure, if Jesus ever was real, he'd LOVE your foul mouthed little self to death!

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Tuesday, September 30, 2008 4:43 PM

FUTUREMRSFILLION

Quote:
Originally posted by AURaptor:
Quote:
If being a snob means being extremely intelligent, caring about the world around me, caring that people have health care and food and a place to live, caring that my nephew and the men and women he works with stays safe and gets the fuck out of Iraq. Actually living my life according to the teachings of Christ and not pretending to - if all that makes me a snob then FANFUCKINGTASTIC. Better a snob than a kool aid drinking idiot.

Wow. Easy to throw your messiah worshiping self off the trail of any damn topic, huh?

I'm sure, if Jesus ever was real, he'd LOVE your foul mouthed little self to death!

It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager

" They don't like it when you shoot at 'em. I worked that out myself. "

Of course he would, Jesus would even love you, dumbass. Interesting assertion though, that I took it off topic.

I am on The List. We are The Forsaken and we aim to burn!
"We don't fear the reaper"

FORSAKEN original

“I like your Christ, I do not like your Christians. Your Christians are so unlike your Christ.” Mahatma Gandhi

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Wednesday, October 1, 2008 12:00 AM

America loves a winner!

Quote:
Originally posted by FutureMrsFIllion:
Quote:
Originally posted by AURaptor:
Quote:
If being a snob means being extremely intelligent, caring about the world around me, caring that people have health care and food and a place to live, caring that my nephew and the men and women he works with stays safe and gets the fuck out of Iraq. Actually living my life according to the teachings of Christ and not pretending to - if all that makes me a snob then FANFUCKINGTASTIC. Better a snob than a kool aid drinking idiot.

Wow. Easy to throw your messiah worshiping self off the trail of any damn topic, huh?

I'm sure, if Jesus ever was real, he'd LOVE your foul mouthed little self to death!

It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager

" They don't like it when you shoot at 'em. I worked that out myself. "

Of course he would, Jesus would even love you, dumbass. Interesting assertion though, that I took it off topic.

Oh, but you did.

Quote:
I thought it smelled more like Bullshit. I need to get back to the farm.

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Wednesday, October 1, 2008 1:47 AM

CITIZEN

Quote:
Originally posted by Jongsstraw:
You make it sound like Fannie & Freddie were merely acting as " fences " for everyone else's criminal activity. I believe F&F, with their bought & paid for political protection, actually became the defacto ringleader/cheerleaders of the whole criminal conspiracy.

It's somewhat accurate, they didn't give mortgages to end customers, they bought sold and packaged existing debts into portfolios.

By the by, nice to see AURaptor proving himself quite the troll as per.

More insane ramblings by the people who brought you beeeer milkshakes!
No one can see their reflection in running water. It is only in still water that we can see.

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Wednesday, October 1, 2008 6:59 AM

Quote:
Originally posted by AURaptor:

YOU started this off by talking of the ECONOMIC situation.

Getting us trillions in debt before this bubble burst has no economic impact on the crisis, thanks for correcting me, you little dweeb.

Quote:
Your ' cowboy mentality ' of Bush was NOT about Iraq.

Once again, thanks for setting me straight on myself.

Quote:
Why can't you be a man, FOR ONCE, and admit you got your ass handed to you?

Au, I know my ass. I've lived with my ass.
Au, that was not my ass you handed me.
It was shit from a different source.

Quote:
OH, you're too much of a punk to admit it, is what I'm guessin'.

Come over here and bring it on, biped, I'll wipe the floor with your fat ass, I'll beat you like the establishment lap dog that you are.

Why love authority so anyway? Where were the teachers when the big kids were picking on you?
You retreated into you intellect for safety back then, not quite knowing that it'd be your lifelong prison, right? You made the mistake of thinking that you can always reason your way out of discomfort, and your arrested pre-adolescent defense mechanisms now pervert your every perception.

Well, the Liberals ain't the jocks melvining you, and you brain ain't the Grand Arena.
Nothing you spout is what it seems.

Grow the fuck up for a change. I'm done coddling your ass.

Tough loveisall

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Wednesday, October 1, 2008 7:12 AM

Quote:
Originally posted by AURaptor:

I'm sure, if Jesus ever was real

Ahhh, now we see your true colours, you Godless Satan worshiper.

FYI Jesus WAS a real man, which is more than I can say for you.

BTW, don't worry about going to Hell, you're in it now; mental confusion & cowering in hopeless, futile and fear-based conviction is one of the levels.

isall

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Wednesday, October 1, 2008 7:53 AM

Quote:

Of course he would, Jesus would even love you, dumbass. Interesting assertion though, that I took it off topic.

Jesus loves you, Craptor. The rest of us think you're an asshole.

Mike

This world is a comedy for those who think, and a tragedy for those who feel.

Trolls Against McCain!

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Wednesday, October 1, 2008 8:08 AM

Quote:
Originally posted by AURaptor:
Chris, you're funny, sometimes entertaining, but this post clearly shows you're also a boob.

This from the guy who actually STILL believes that Obama's a Muslim...

Mike

This world is a comedy for those who think, and a tragedy for those who feel.

Trolls Against McCain!

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Wednesday, October 1, 2008 8:13 AM

Quote:
Originally posted by Kwicko:

This from the guy who actually STILL believes that Obama's a Muslim...

Aww Mike, let's not make it all about AU- there's plenty of folk in this country that are just as stupid, hundreds of thousands in point of fact.

Chrisisall

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Wednesday, October 1, 2008 9:46 AM

America loves a winner!

Quote:
Originally posted by chrisisall:

Why love authority so anyway? Where were the teachers when the big kids were picking on you?
You retreated into you intellect for safety back then, not quite knowing that it'd be your lifelong prison, right? You made the mistake of thinking that you can always reason your way out of discomfort, and your arrested pre-adolescent defense mechanisms now pervert your every perception.

Well, the Liberals ain't the jocks melvining you, and you brain ain't the Grand Arena.
Nothing you spout is what it seems.

Grow the fuck up for a change. I'm done coddling your ass.

Tough loveisall

It's funny, to see you , once again, side step the entire issue, to offer nothing but childish insults and obfuscate your way out of dealing w/ the facts.

FACT - The current home mortgage crisis in no way, what so ever, was influenced by the Iraq war. I know you'd like to think so , but the fact is, it doesn't. Not one bit.

Buh...buh....buh....all those BILLIONS W wasted on Iraq MUST have had SOME effect, right ?

Nope. None. What we're dealing here with is a crisis that's many times the ENRON collapse, and yet not ONE of those who brought us the problem are being QUESTIONED! No, those at fault, primarily the Democrats like Barney Frank, are actually being looked to to SOLVE this issue, if you can imagine that.

Sorry, there I go again, dealing in the real world, where you're stuck in the ethereal realm . You'd rather dream up baseless scenarios of childhoods for folks you've never even met. You'd rather project your fears and shortcomings onto others as a way to retaliate on a message board when you really have no clue of how to reply and still make yourself look competent.

I know, what was I thinking ?

Dude, it's you who has to grow the fuck up.

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Wednesday, October 1, 2008 9:49 AM

America loves a winner!

Quote:
Originally posted by Kwicko:
Quote:

Of course he would, Jesus would even love you, dumbass. Interesting assertion though, that I took it off topic.

Jesus loves you, Craptor. The rest of us think you're an asshole.

Mike

Trolls Against America !

Jesus is dead, and he ain't coming back, you religious whacko.

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Wednesday, October 1, 2008 10:11 AM