Trump was like the cake in MacArthur Park.
Everything he did for America was exactly what patriots longed for, hoped for, prayed for.
The 2020 election was an illegal and hard rain that melted his sweet creme icing.
And we may never have that recipe again.
Oh noooo.
Richard Harris | MacArthur Park With Lyrics
evince (04-18-2021)
Here's how Obama caused the 2008 Market Crash.
In the 1990's Obama was a young attorney working for the Community Organizing organization, ACORN* He and ACORN wanted to help local Black poor folks to become homeowners, so they pressured local Chicago mortgage banks to make bad loans to poor people who didn't meet the necessary minimum credit criteria. After a few years the loans began to go bad when the poor folk couldn't keep up the payments.
And by then the banks wanted these bad loans off their books and, as is customary, they sold the loans to 3rd party financial investors. But, to make the loans enticing enough to overcome the initial reluctance of investors to purchase under-performing loans, the banks packaged the bad loans with good loans just enough to get them into the economy and throughout the financial world and throughout the country and the effects of these bad loans invaded different industries until it forced stock market investors to withdraw unhealthy amounts of money from the market to avoid any damage from this financial plague they saw coming.
And ALL of it began with Barack Obama.
Barack Obama Trained ACORN Staff In How To Intimidate Banks Into Giving Subprime Loans. Barack Obama—A Thug With A Law Degree
*(ACORN)
The Association of Community Organizations for Reform Now (ACORN) is an international collection of autonomous community-based organizations that advocated for low- and moderate-income families by working on neighborhood safety, voter registration, health care, affordable housing, and other social issues. They, along with a number of other community unions, are affiliated under ACORN International.[1]
Predatory lending and affordable housing
ACORN investigated complaints against companies accused of predatory lending practices. ACORN also worked to support strict state laws against predatory practices, organized against foreclosure rescue scams, and steered borrowers toward loan counseling;[26] Following a three-year campaign, Household International (now owned by HSBC Holdings and renamed HSBC Finance Corporation), one of the largest subprime lenders in the country, and ACORN announced on November 25, 2003 a proposed settlement of a 2002 national class-action lawsuit brought by ACORN. The settlement created a $72 million foreclosure avoidance program to provide relief to household borrowers who were at risk of losing their homes.[26] The settlement came on the heels of an earlier $484 million settlement between Household, Attorneys General, and bank regulators from all 50 U.S. states.[27]
https://en.wikipedia.org/wiki/Associ...for_Reform_Now
Obama and ACORN
STANLEY KURTZ (The National Review)
October 8, 2008
https://www.wikileaks.org/wiki/Obama_and_ACORN
Inside Obama's ACORN
https://www.nationalreview.com/2008/...stanley-kurtz/
https://www.thebalance.com/what-was-...t-bill-3305675Why the Bailout Bill Was Necessary
On September 16, 2008, the $62.6 billion Reserve Primary Fund was under attack as investors were taking out money too fast. They worried that the Fund would go bankrupt due to its investments in Lehman Brothers. The next day, businesses pulled a record $140 billion out of money market accounts and moved the funds to Treasury bills, causing yields to drop to zero. Money market accounts had been considered one of the safest investments. To stem the panic, the U.S. Treasury Department agreed to insure money market funds for a year. The SEC banned short-selling financial stocks until October 2 to reduce volatility in the stock market.6
The U.S. government bought these bad mortgages because banks were afraid to lend to each other. This fear caused Libor rates to be much higher than the fed funds rate and sent stock prices plummeting. Financial firms were unable to sell their debt, and without the ability to raise capital, these firms were in danger of going bankrupt, which is what happened to Lehman Brothers. It would have happened to the AIG and Bear Stearns without federal intervention.
Congress debated the pros and cons of such a massive intervention. Political leaders wanted to protect the taxpayer, but they also didn't want to let businesses off the hook for making bad decisions. However, most in Congress recognized the need to act swiftly to avoid a further financial meltdown. With banks afraid to disclose their bad debt, it became a case of fear feeding on fear—which would have led to a downgrade in their debt rating, a decline in their stock price, and an inability to raise capital. The rumors and resulting panic locked up the credit markets.
x2
Thread: Biden fed up with gays, saying "World is Going to Hades in a Hand Basket"
https://www.justplainpolitics.com/sh...76#post4369376
Post #62
Drummie
You suck
When the crash was going down all republicans faced what caused it and were begging for a fix
So you let the democrats and Obama fix it
then screamed the fix wasn’t big enough
Then trump won in part by trashing the horrible job the republicans did by causing such a mess along with the mess the republicans caused in the ME
NOW HERE IS YOUR LAME ASS CLAIMING THE GUY WHO FIXED IT CAUSED IT WHEN HE WAS A COMMUNITY ORGANIZER
Your shits didn’t make these empty claims when it all went down
Do you know why they didn’t ?
Because pretending those lies were real would not fix an economy broken in the way they broke it
Soooooo
For a minute or two they had to help with a real fix
Oozing those old Lies out when you think everyone forgot what happened is your ONLY hope
Too many remember
You broke it too BIGLY
People won’t forget it
I told you shitbags that you can’t break the economy that BIGLY twice in one lifetime
The whole idea of only once a lifetime is people were not alive to remember
You sociopaths always fuck up like that
Your own lies kill you
But you don’t understand humans
And you can never learn how to
Your brain is broken
Wealthy people make money in a soaring or crashing economy
Wealth positioning
Buy low sell high
They broke it on purpose
To make money
They forgot to wait longer
Depression people were still alive
Families got to hear the story from someone who lived it
Now the people will never forget your greed based tactics
Last edited by evince; 04-18-2021 at 07:14 PM.
Guno צְבִי (04-18-2021)
Guno צְבִי (04-18-2021)
5 degrees of separation between Obama strong arming banks and the 08 crash
He strong armed local Chicago banks to make risky loans.
An inordinate number of the loans went bad.
The bad loans were packaged with good loans to make them attractive to private investors.
These under-performing loans spread throughout the financial markets nationwide until the US government tried to step in to prevent the entire market from crashing.
But crash it did.
Refute my assertions.
Guno צְבִי (04-18-2021)
“If we have to have a choice between being dead and pitied, and being alive with a bad image, we’d rather be alive and have the bad image.”
— Golda Meir
Zionism is the movement for the self-determination and statehood for the Jewish people in their ancestral homeland, the land of Israel.
“If Hamas put down their weapons, there would be no more violence. If the Jews put down their weapons, there would be no Israel."
ברוך השם
Doc Dutch (04-19-2021)
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