When I die, turn me into a brick and use me to cave in the skull of a fascist
The problem with you is that you are a race hustling hyper partisan moron on steroids. Read and become better informed, it had NOTHING to do with Bush:
THERE ARE TWO KEY EXAMPLES of this misguided government policy. One is the Community Reinvestment Act (CRA). The other is the affordable housing “mission” that the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac were charged with fulfilling.
As originally enacted in 1977, the CRA vaguely mandated regulators to consider whether an insured bank was serving the needs of the “whole” community. For 16 years, the act was invoked rather infrequently, but 1993 marked a decisive turn in its enforcement. What changed? Substantial media and political attention was showered upon a 1992 Boston Federal Reserve Bank study of discrimination in home mortgage lending. This study concluded that, while there was no overt discrimination in banks’ allocation of mortgage funds, loan officers gave whites preferential treatment. The methodology of the study has since been questioned, but at the time it was highly influential with regulators and members of the incoming Clinton administration; in 1993, bank regulators initiated a major effort to reform the CRA regulations.
https://spectator.org/42211_true-ori...ancial-crisis/
Last edited by Truth Detector; 11-19-2018 at 12:58 PM.
"When government fears the people, there is liberty. When the people fear the government, there is tyranny."
A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
Author: Booker T. Washington
You can't understand today's market without understanding what happened 10 years ago.
Greenspan didn't run the economy. REPUBLICANS DID. And under Republican stewardship, the economy collapsed and never really recovered.But great to watch you try and defend Greenspan for his mismanagement of the economy.
When I die, turn me into a brick and use me to cave in the skull of a fascist
Truth Detector (11-19-2018)
"When government fears the people, there is liberty. When the people fear the government, there is tyranny."
A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
Author: Booker T. Washington
"When government fears the people, there is liberty. When the people fear the government, there is tyranny."
A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
Author: Booker T. Washington
Try using English.
You stated the Fed hadn't done anything regarding rates in four years. They actually left rates low until three years ago. Since then they have been slowly raising them. You seem to think QE is the only way they can alter rates. Which shows your lack of knowledge on the topic.
Truth Detector (11-19-2018)
Who gives a shit who called him what?
Why are you so obsessed with labels?
It wasn't Greenspan who passed budget-busting, deficit-inducing, debt-expanding tax cuts...that was all you guys.
It wasn't Greenspan whose regulators ceased enforcement of lending standards to increase subprime lending...that was all you guys.
It wasn't Greenspan who protected predatory lending by invoking an OCC rule to wipe out state protections (a move opposed by all 50 state attorneys general)...that was all you guys.
It wasn't Greenspan who campaigned on increasing home ownership...that was all you guys.
It wasn't Greenspan who let the TBTF banks police themselves in exchange for lowered leverage restrictions (worst deal ever, by the way)...that was all you guys.
It wasn't Greenspan who squandered a budget surplus on pointless tax cuts that only increased debt, instead of jobs to update our power grid or combat Climate Change...that was all you guys.
So you're blaming Greenspan for the Conservative policy enacted by a Conservative Congress and Bush the Dumber.
Amazing...he must have some kind of weird Jedi mind trick to be able to make Republicans do all that shit.
When I die, turn me into a brick and use me to cave in the skull of a fascist
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