McSames economic advisers

[Topspin]

Desh when you took your community college classes were any of them economics?

 

[Damocles]

It's lame no doubt. Just lowering myself to the McSame parrots level.

We can be just as "clever" and make fun of a name like a first grader.

B. Husame O.

 

[evince]

Desh when you took your community college classes were any of them economics?

This mortgagte news site says it all toppy.

They know their industry and they connected the one piece of legislation they thought got him hired by the Company.

They connected the Sub prime profits to GLBact 1999 and there is no denying that anyone else who does so does it wisely.

 

[Topspin]

I'm not shock that somebody is trying to pass the buck here and place blame on someone besides participants in the transactions.
What would shock me is if you could describe how the legislation caused the problem.

 

[evince]

It allowed the consolidation of the industry. They were then able to package the loans for resale in a way that made them profitable.

 

[Topspin]

wrong as wrong can be, just as I thought

 

[evince]

lets here it toppy?

 

[Topspin]

who got consolidated?
and who does packaging the loans for resale cause someone to not pay?

 

[evince]

I thought you were going to splain it?

 

[Cancel 2016.2]

http://www.washingtonpost.com/wp-dyn/content/article/2008/04/01/AR2008040102860.html?hpid=topnews

people are starting to think about who he picked to advise him a little deeper.

Who will he pick if president?

"To economists across the political spectrum, much of the criticism is unfair oversimplification"

From your article Desh....

 

[Topspin]

here we go classs.
1.The fed lowered rates way too much.
2. After the internet bubble investors/traders/speculators longed for and helped make the next buble in real estate. Slap a little paint on it, cut the grass and double your profit.
3. Banks got greedy after seeing the speculators make a killing, as usual the little guy gets in too late and buys near the top.
I'll bet you there are more lenders 2 yrs ago than before the legislation.
I did actually hear Schumer actually say something smart today to Bernanke. If big banks get get help to stem system risk, the little guy HOMEOWNERS should get help as well and I agree.

 

[evince]

The date on this is 2002. Its a mortgage news site.
This was said at a time when it was not seen as a problem but a positive thing to connect the GLB act 1999 to corporate profits.



Sen. Phil Gramm, R-Texas, a one-time chairman of the Senate Banking Committee, is joining UBS Warburg as its vice chairman. Sen. Gramm, who will retire early next year, co-authored the Gramm-Leach-Bliley Act, which eliminated legal barriers that separated banks from securities firms.A frequent critic of Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System, Sen. Gramm will be joining a firm that has made quite a bit of money the past two years off the mortgage market, especially in regard to subprime lending/securitization.

http://www.nationalmortgagenews.com/premium/archive/?ts=1034092803

The industry itsself drew the link when there was no negative to be asociated with doing so.

 

[evince]

http://www.sec.gov/news/press/2005-130.htm

it also seems that the Republican controled congress was not even enforeing some aspects of the broker rules for YEARS

 

[Cancel 2016.2]

http://www.sec.gov/news/press/2005-130.htm

it also seems that the Republican controled congress was not even enforeing some aspects of the broker rules for YEARS

So when it is something bad... it is not Clinton's responsibilty... it is the Rep Congress that controls it. When it is something good it is due to Clinton and the Rep Congress has no control?

 

[Topspin]

who got consolidated, you don't even know. There are many more lenders not less.
And again how does packaging for resale affect a homeowner paying?

 

[evince]

I think seven fucking years is more than enough years to compley with the law.

 

[uscitizen]

We can't stand in the way of profit Desh.

 

[evince]

[ame]http://en.wikipedia.org/wiki/GLBA[/ame]

It allowed for one entity to own investment banking and commercial banking as well as Insurace services. They could package their own loans into investment packages that had more sub prime in them than in the past. People buying the investment packages thought they were buying the same thing they had purchased in the past. We allowed them to screw the pooch and now Eroupe is pretty distrusting of our investimant packages huh?

That ain good fella and if you had any real brains you would know it.

 

[Topspin]

what law was broken deshtard.
Wow usged what insite, that was lame even by your standards.
Here's another one for you usmoron, what reason does a business have to exist besides profit?

 

[evince]

what law was broken deshtard.
Wow usged what insite, that was lame even by your standards.
Here's another one for you usmoron, what reason does a business have to exist besides profit?

Dear Topspin,

You are a dogshit for brains if you dont get the simple fact that this law was reapealed because one company did in fact break the glass steagal law so the Republicans like Gramm and leach scambled to change the law to protect this activity.

Gramm was lobbied by the industry to do it and like a good slave he hopped on it.

No law was broken?

They changed the law to make it that way and then they gave them YEARS to comply with the brokers rules.

It just unbelievable the ass kissing of some people to the very guys who are raping you.
Topspin:
" oh please stop ass fucking me for a second so I can plant a big juicy one on your ass master"