maybe the use of modern technology for oversight
publish what is happening with government spending on the net
give the general population oversight along with those who are supposed to do so
Take me to your leader
- Thread starter Onceler
- Start date
maybe the use of modern technology for oversight
publish what is happening with government spending on the net
give the general population oversight along with those who are supposed to do so
evince
Truthmatters
No you are wrong.
They sold the repackaged sub prime because the world did not understand how much the product contained of these assets. That was made possible by the repeal of the last vestiges Glass Steagal by the GLB act 1999. Buyers wer unaware the lending industry changed their practices so drastically due to the law changes. The industry could now hide what they were doing and the world is pretty fucking pissed at us for it too.
blackascoal
The Force is With Me
It funny as hell, straight out of Saturday Night Live .. but it's disturbing and troubling at the same time.
Truth is, there are an awful lot of braindead people in America.
Just the vision of Limbaugh alone is worth the agony of watching so many braindead people. They are being led by a comedian .. who has been wrong about every damn thing that has ever come out of his drug-induced mouth.
And people right here on this board defend him.
That shit is amazing.
Sammy Jankis
Was it me?
No. I am right. the securitization of these bad mortgages was a compounding factor, but they could sell these resecuritization because fannie may and freddie mac were government backed. That's a huge selling point, And the only reason these bogus products were sellable.
That's my biggest fear actually. Obama will start to actually make progress and begin to rebuild this country and the same brain dead inbreds that elected Bush twice will be swayed by something like abortion or gay marriage to put an even bigger braid dead drone than Bush in Office: Jindal or Palin.
That's a grossly simplified and wrong assessment of the predicament. It wasn't the only reason they were sellable.
evince
Truthmatters
If they had been under the right regulations they would not have been writen in these numbers.
Freddy and Fanny were also victims of the deregulation scam.
It blows me away how much you people stretch the truth to find a way to blame the people "you wish" had created the problem instead of the peopel who actually do deserve the blame.
Sammy Jankis
Was it me?
Im not discounting the items deshy mentioned. They're valid too. But the government backing is the main reason people bought them. Wallstreet is not against using the power of government to accomplish their schemes, nor is the government against using wallstreet to accommplish their schemes.
You people will never get your heads on straight until you look at the culpability on your "side" of the aisle.
blackascoal
The Force is With Me
Braindead is no stranger to America. If this country heads down the braindead course again, it will be business as usual .. and frankly, we'd deserve no salvation.
But Obama gives them power by continually kissing their ass instead of forging forward with leadership that focuses ONLY on what's best for America. His stimulus plan, which he has so much vested in is an example of that.
Obama himself may open the door to their return.
Oh, I fully agree with that. Personally, I think he should have made the stimulus package, "a dig" project. Fuck all the tax breaks.
And I love a good tax break.
evince
Truthmatters
Its like blaming the airbags for your car accident instead of the fact that some asshole cut your brake lines.
cawacko
Well-known member
Was just re-reading some posts from this morning. I can definitely say this is the first time I have heard Freddie and Fannie called victims. Interesting use of the term.
***Noting the irony in that statement.
Sammy Jankis
Was it me?
The deregulation of course allowed the products to be created, but the fact that they were backed by government through fanny and freddies is what gave people confidence in them. Stop with the juvenile GOTCHA attempts.
