Janet Yellen in 2007

Mott the Hoople said:
Which was child's play compared to how you're free market fundamentalist Gods almost took down the entire world economy with the largest ponzie scheme in human history.
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Not child's play at all. Not sure why you are such a big defender of the Fed but they were the long term cause here
 
cawacko said:
I would after just to brag about it
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More fool you then. You don't see Desh bragging do you?

I clearly remember Desh making those predictions in 2007 and being laughed at by conservative board members as being a crazy moonbat liberal and you and Topspin lead the laughing.

I also remember after the crash Desh saying if you had cash buy, buy, buy. I also remember you laughing at Topspin when he agreed with her.

I had 5k in cash in my 401k investment at that time and I did what the said and put that in stock and made back everything I lost and then some in one year.

Lesson learned. Always have a cash reserve for when the market tanks.
 
cawacko said:
Do you know what a prediction is? I'm not sure you do based on your comments. A prediction is not something you do after data has been released.
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Since I was on this board from the beginning, even before you, I can speak to this.

As much crap as rightys give Desh, she was prescient about most of the major issues of our generation. Rightys who deem themselves smarter than her, generally turned out to be ass backwards wrong.

People like Desh and USC said invading Iraq was a dumb ass and dangerous idea. While people like you, Dixie, and almost all other rightys thought invading Iraq was a great idea, that it was going to be an excellent adventure. That was the most momentous foreign policy decision of our lifetimes, and Desh and USC got it right. Their supposed superiors in the rightwing got it catastrophically wrong.

I clearly remember Desh and USC back in the mid 2000s saying that the markets were under-regulated, we were over leveraged, and the economy at some point was headed for an epic meltdown, the likes we have not seen in our lifetimes.

You know what righty's response was? They laughed at Desh and USC and sung the praises of the Bush economy.

When it comes to the major issues of the day, my money is going on Desh if you compare her performance to the performance of Righty over the last decade.
 
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Mott the Hoople said:
More fool you then. You don't see Desh bragging do you?

I clearly remember Desh making those predictions in 2007 and being laughed at by conservative board members as being a crazy moonbat liberal and you and Topspin lead the laughing.

I also remember after the crash Desh saying if you had cash buy, buy, buy. I also remember you laughing at Topspin when he agreed with her.

I had 5k in cash in my 401k investment at that time and I did what the said and put that in stock and made back everything I lost and then some in one year.

Lesson learned. Always have a cash reserve for when the market tanks.
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Dude, Desh made no predictions. She hated Bush and said bad things were going to happen in the econony. That was the extent of it. In her mind posting real time info is a "prediction"
 
Cypress said:
Since I was on this board from the beginning, even before you, I can speak to this.

As much crap as rightys give Desh, she was prescient about most of the major issues of our generation. Rightys who deem themselves smarter than her, generally turned out to be ass backwards wrong.

People like Desh and USC said invading Iraq was a dumb ass and dangerous idea. While people like you, Dixie, and almost all other rightys thought invading Iraq was a great idea, that it was going to be an excellent adventure. That was the most momentous foreign policy decision of our lifetimes, and Desh and USC got it right. There supposed superiors in the rightwing got it catastrophically wrong.

I clearly remember Desh and USC back in the mid 2000s saying that the markets were under-regulated, we were over leveraged, and the economy at some point was headed for an epic meltdown, the likes we have not seen in our lifetimes.

You know what righty's response was? They laughed at Desh and USC sung the praises of the Bush economy.

When it comes to the major issues of the day, my money is going on Desh if you compare her performance to the performance of Righty over the last decade.
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Desh said none of that. Look at her posting 2006 economic info in this thread claiming the econony was good in defense of Yellen. Posting real time info isn't making a prediction as she claims
 
cawacko said:
Not child's play at all. Not sure why you are such a big defender of the Fed but they were the long term cause here
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Oh that's just chamber of commerce echo room chatter. The Fed and the SEC could have prevented the crises if their boss hadn't of been asleep at the wheel again.

You can repeat that nonsense over and over and over again till you've convinced yourself but it isn't true and you know it.

The rest of us know that the 2008 banking crises happened because investment banks bundled a shit load of subprime mortgages with bb, c, cc, and ccc rated near worthless junk bonds with aaa bonds then defrauded the public by rating the near worthless bundles as AAA. Then when subprime rates went up the whole shit pile collapsed so don't try to sell me some song and dance on "The Fed" causing the collapse cause if that were true then those who did predict the housing bubble and shorted it, like Desh did, wouldn't have made billions in profits like they did...so try not to bullshit me.
 
Mott the Hoople said:
Oh that's just chamber of commerce echo room chatter. The Fed and the SEC could have prevented the crises if their boss hadn't of been asleep at the wheel again.

You can repeat that nonsense over and over and over again till you've convinced yourself but it isn't true and you know it.

The rest of us know that the 2008 banking crises happened because investment banks bundled a shit load of subprime mortgages with bb, c, cc, and ccc rated near worthless junk bonds with aaa bonds then defrauded the public by rating the near worthless bundles as AAA. Then when subprime rates went up the whole shit pile collapsed so don't try to sell me some song and dance on "The Fed" causing the collapse cause if that were true then those who did predict the housing bubble and shorted it, like Desh did, wouldn't have made billions in profits like they did...so try not to bullshit me.
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Mott, I continue to read about it, as I'm doing with this book right now. This book was written by a woman who worked at the Dallas Fed during the crash, not a CofC person.

And things don't occur in a vacuum. We go back to '80's when bailouts started which led us on this moral hazard track. Go to the '90's and the Mexican peso bailout and the Long Term Capital Management bailout of the late '90's. Remember the Time Magazine cover with Greenspan, Rubin and Summers on the cover andbit said they saved the world? Yeah, they showed wall st they would be bailed out is what happened.
 
cawacko said:
Dude, Desh made no predictions. She hated Bush and said bad things were going to happen in the econony. That was the extent of it. In her mind posting real time info is a "prediction"
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Dude I was there and I was in the same camp as Desh and a handful of others who objected to the Iraq invasion and were shouted down as traitors. Now I didn't predict the market crash but tell me Desh didn't predict it cause I was there and remember how Desh went on about it for over two years before it happened. All you rember is that she hated Bush with a passion and she did but I distinctly rember Desh going on and on and on about the subject and beating it to death in Desh's own inimical manner and your being as dismissive of her then as you are now.

To be fair though at least you admit you were wrong about Iraq and Desh was right.
 
Mott the Hoople said:
Dude I was there and I was in the same camp as Desh and a handful of others who objected to the Iraq invasion and were shouted down as traitors. Now I didn't predict the market crash but tell me Desh didn't predict it cause I was there and remember how Desh went on about it for over two years before it happened. All you rember is that she hated Bush with a passion and she did but I distinctly rember Desh going on and on and on about the subject and beating it to death in Desh's own inimical manner and your being as dismissive of her then as you are now.

To be fair though at least you admit you were wrong about Iraq and Desh was right.
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What does Iraq have to do with this conversation?
 
Cypress said:
Since I was on this board from the beginning, even before you, I can speak to this.

As much crap as rightys give Desh, she was prescient about most of the major issues of our generation. Rightys who deem themselves smarter than her, generally turned out to be ass backwards wrong.

People like Desh and USC said invading Iraq was a dumb ass and dangerous idea. While people like you, Dixie, and almost all other rightys thought invading Iraq was a great idea, that it was going to be an excellent adventure. That was the most momentous foreign policy decision of our lifetimes, and Desh and USC got it right. Their supposed superiors in the rightwing got it catastrophically wrong.

I clearly remember Desh and USC back in the mid 2000s saying that the markets were under-regulated, we were over leveraged, and the economy at some point was headed for an epic meltdown, the likes we have not seen in our lifetimes.

You know what righty's response was? They laughed at Desh and USC and sung the praises of the Bush economy.

When it comes to the major issues of the day, my money is going on Desh if you compare her performance to the performance of Righty over the last decade.
Click to expand...

Beyond being full of bullshit and basically stupid, your whiny rant is so full of strawmen its hard to distinguish whether you are borderline mentally retarded, or just an outright sociopathic liar.

That stated, claiming that ANYTHNG a lunatic ranting sociopath like DeshTard says as being intelligent, let alone sane, is the pinnacle of stupidity and ignorance.

Another blast from the past:
Obama claiming Iraq is safe and stable
 
cawacko said:
Mott, I continue to read about it, as I'm doing with this book right now. This book was written by a woman who worked at the Dallas Fed during the crash, not a CofC person.

And things don't occur in a vacuum. We go back to '80's when bailouts started which led us on this moral hazard track. Go to the '90's and the Mexican peso bailout and the Long Term Capital Management bailout of the late '90's. Remember the Time Magazine cover with Greenspan, Rubin and Summers on the cover andbit said they saved the world? Yeah, they showed wall st they would be bailed out is what happened.
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Yea and got away with it and how the tax payers are still righteously pissed off that the Wall Street cock suckers who defrauded the public of trillions didn't go to prison but by God they got bailed out by taxpayers and they got their bonuses. Lots of people pissed off about that and the Fed and Government were complicit in that.

But don't hand me some partisan cockamamie bullshit story on what caused the 2007 Great recession.
 
And I'll give props to anyone that finds a thread in the archives prior to 2007 where Desh says anything about a coming crash.
 
Mott the Hoople said:
Yea and got away with it and how the tax payers are still righteously pissed off that the Wall Street cock suckers who defrauded the public of trillions didn't go to prison but by God they got their bonuses. Lots of people pissed off about that and the Fed and Government were complicit in that.

But don't hand me some partisan cockamamie bullshit story on what caused the 2007 Great recession.
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If you don't understand the Fed and the role it played then I can't help you. And if you don't understand how the Fed's previous actions allowed those on Wall St to behave as they did because they knew they would be bailed out then again I can't help you.

There's nothing partisan about that.
 
Mott the Hoople said:
It has to do with Desh's credibility. She predicted that would be a fiascos and she was right. You on the other hand were wrong.
Weren't you?
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So anyone who predicted Hillary would win this election has no credibility on anything else, regardless of the topic?
 
Mott the Hoople said:
Oh that's just chamber of commerce echo room chatter. The Fed and the SEC could have prevented the crises if their boss hadn't of been asleep at the wheel again.

You can repeat that nonsense over and over and over again till you've convinced yourself but it isn't true and you know it.

The rest of us know that the 2008 banking crises happened because investment banks bundled a shit load of subprime mortgages with bb, c, cc, and ccc rated near worthless junk bonds with aaa bonds then defrauded the public by rating the near worthless bundles as AAA. Then when subprime rates went up the whole shit pile collapsed so don't try to sell me some song and dance on "The Fed" causing the collapse cause if that were true then those who did predict the housing bubble and shorted it, like Desh did, wouldn't have made billions in profits like they did...so try not to bullshit me.
Click to expand...

You're an economic dunce. The collapse was a direct result of demanding that banks make loans to unqualified buyers or be labeled as racist. In house hearings that attempted to warn of an impending collapse, Democrats lampooned the very regulator assigned to watch for such dangers.

But with all that, you loony tunes on the left are left speechless to identify the policies Bush and Republicans in Congress passed/engaged in, that led to the collapse.

Once again, the video that illustrates the lunatic stupidity of the Part of the Jackass and its minions:


Frank Raines earned millions in bonuses for his criminally negligent behavior; and was a darling and contributor to the Party of the Jackass.
 
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