Matt Dillon
Retardium User
Yeah, you're an idiot. 42 minutes of that goober? I think not!
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Get Ready for another Housing crash thanks to Democrats
- Thread starter Stringfellow Hawk
- Start date
Yeah, you're an idiot. 42 minutes of that goober? I think not!
Into the Night
Contributor
WRONG. Clinton encouraged laws to make housing cheap. Bush extended that nonsense and added to it, setting up the speculation heyday that eventually ended with the crash.
Then Obama tried to mitigate the crash, worsening it's effects.
Complete fucking bullshit.
The cause of the 2008 collapse was the dramatic weakening of underwriting standards for subprime loans, beginning in 2004 and extending through 2007.
The Democrats weren't in charge and were actually sounding the alarm about vulnerabilities in the housing market and among GSE's, but then it was Bush the Dumber's Treasury Secretary who told Congress in 2003 that there was no danger posed by these subprime loans. And in 2003, that was true because those loans hadn't had their standards weakened. That started in 2004 because Bush was trying to inflate a housing market to make up for the fact that his shitty tax cuts didn't deliver on a single promise made of them.
You're a fucking moron and a liar.
"Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "
https://www.federalreserve.gov/images/20081203_analysis.pdf
Who was President 2004-2007? Who controlled Congress?
Into the Night
Contributor
Argument of the Stone. Trolling.
Into the Night
Contributor
Nonsense response. Try English. Insult fallacies. Trolling.
You post links you don't read and then cry like a baby when called out.
cawacko
Well-known member
Yes, in our hyper partisan world many people are going to reject (or accept) any proposal based on whether they like the person doing the proposing or not. But if one is arguing from a position of principle, it is very possible to acknowledge a problem and also say the proposed solution is not a good one. We all know not all policy proposals are good.
Into the Night
Contributor
Paradox. I will call this Paradox L. You can't argue both sides of a paradox, dude. It's irrational.
Maybe you should learn English since you can't even get your fallacies straight.
If it is on page 2700 how is it "hidden"?
Wait - so MAGA is also your sock?????
You forgot to switch between socks didn't you?
I didn't respond to you, I responded to MAGA.
But now you seem to be saying MAGA is your sock.
This is what I mean when I say you're not good at this.
Into the Night
Contributor
Nah. The law must first be passed, the speculation must first kick in as a result of it, the theft has to run out sooner or later, THEN you have the crash.
More likely a period of at least five years. You will see the speculation build before that, though. That's the setup to the crash.
Matt Dillon
Retardium User
Clinton set all that stuff up, dude. It was a Clinton/Bush joint effort. Were you even alive back then?
Then Obama made it even worse with the worst bailout of the wrong people ever.
Into the Night
Contributor
No, you don't know anything about sub-prime mortgages. Stearns and Lehman went under because they bet the wrong way on socialism.
All Conservatives do is fucking lie and fucking create socks to make it look like there's more of them than there actually are.
Here's the infrastructure bill...and here's page 2700:
(i) client fees;
2 (ii) membership fees; and
3 (iii) any other appropriate fees pro4 posed by the Center in the application sub5 mitted by the Center under subsection (e).
6 (b) TERM.—Subject to subsection (g)(3), the term of
7 an MBDA Business Center agreement shall be not less than
8 3 years.
9 (c) FINANCIAL ASSISTANCE.—
10 (1) IN GENERAL.—The amount of financial as
11 sistance provided by the Under Secretary under an
12 MBDA Business Center agreement shall be not less
13 than $250,000 for the term of the agreement.
14 (2) MATCHING REQUIREMENT.—
15 (A) IN GENERAL.—A Center shall match not less than 1 16 ⁄3 of the amount of the financial
17 assistance awarded to the Center under the terms
18 of the applicable MBDA Business Center agree
19 ment, unless the Under Secretary determines
20 that a waiver of that requirement is necessary
21 after a demonstration by the Center of a substan
22 tial need for that waiver.
23 (B) FORM OF FUNDS.—A Center may meet
24 the matching requirement under subparagraph
25 (A) by using—
Into the Night
Contributor
JP Morgan is a bank, dumbass. They own and operate Chase Bank.
The Federal Reserve is calling you a moron to your fat, stupid face:
"Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "
https://www.federalreserve.gov/images/20081203_analysis.pdf
Maybe take the hint and shut the fuck up before you make an even bigger ass of yourself, pussy.
Into the Night
Contributor
Lie. Yes they did.
Quite a few, including one here. Washington Mutual.
No. They simply changed their rules.
Countrywide is a bank.
Countrywide is a bank.
Stringfellow Hawk
Member
I just don't buy in to bullshit