Obama pushes banks to make home loans to people with weaker credit

evince said:
see you fucking iidot, you are not having a converstation.


Your merely having spasms where you spout republican empty talking points without a shred of fact to back them and IGNORING cold hard facts given you.


This is why you FULLY deserve to be called the brain atrophied dipwad I am calling you right now.


The history of this country means everything you fucking taintwallow.


The history is full of facties you dont like because they prove your idiot talking points are nothing but idiot tlaking points so you scream facts dont matter at the top of your lungs and think that is a magic spell to keep facts as far from your tiny brain as possible.


your not debating anything your merely denying facts you dont like and repeting a montra
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When you don't understand the history or the context as is your case spouting it and pasting links from Wikipedia based on an 8 second google search does not make you smart as you prove here on a daily basis
 
evince said:
see you fucking iidot, you are not having a converstation.


Your merely having spasm where you spout republican emplty talking points with out a shred of fact to back them and IGNORING cold hard facts given you.


This ius why you FULLY desreved to be called the brain atrophied dipwad I am calling you right now.


The history of this country means everyhting you fucking taintwallow.


The history is full of facties you dont like becuase they prove your idiot talking points are nothing but idiot tlaking points so you scream facts dont matter at the top of your lungs and think that is a magic spell to keep facts as far from your tiny brain as possible.


your not debating anything your merely denying facts you dont like and repeting a montra
Click to expand...

Yes facts to you are dismissed as talking points

The US economy is damn near flat lining and millions are out of work

To you those are talking points

But hey, you have decided to stick your head in the sand and blame others for the rotten Obama economy

I have a life so I will be back later.

Meanwhile you can continue to bow at the alter of Obama, drink the Kool Aide, and express your rage toward anyone who does not support Obama's tax and spend agenda
 
http://www.sec.gov/news/press/2007/2007-190.htm



SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented
FOR IMMEDIATE RELEASE
2007-190
Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.
 
evince said:
http://www.sec.gov/news/press/2007/2007-190.htm



SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented
FOR IMMEDIATE RELEASE
2007-190
Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.
Click to expand...

Are you saying SEC rules trump laws written by Congress? You are a silly girl. No wonder you make 24% less than your male counterparts.
 
for eight years the Bush admin made sure the banks had no rules on HOW they could be brokers.

they got to do it for 8 + years without any law to tell them what not to do
 
evince said:
for eight years the Bush admin made sure the banks had no rules on HOW they could be brokers.

they got to do it for 8 + years without any law to tell them what not to do
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Here is an interesting question for you puddin. Why would any entity lend money to someone they knew couldn't pay it back?

Lets see of you can answer without mentioning the name Bush.
 
I Love America said:
Here is an interesting question for you puddin. Why would any entity lend money to someone they knew couldn't pay it back?

Lets see of you can answer without mentioning the name Bush.
Click to expand...


Are you really not aware that these banks then rolled the subprime into the mortgage securites they could now sell ?

Gee dude I keep explaining this stuff toi you and it never seems to permeate your brain case
 
They sold the sub prime to anyone with a pulse and then rolled it into securities and sold them off to unsuspecting buyers pretending they were triple AAA and not tainted woth subprime.

that is another factie you will likely pretend doesnt exsist.

they made money writing the sub prime and them unloaded the risk by making money selling it off to securities buyers.


they made money coming and going off of Fuckijng everyone.

jesus your slow
 
evince said:
Are you really not aware that these banks then rolled the subprime into the mortgage securites they could now sell ?

Gee dude I keep explaining this stuff toi you and it never seems to permeate your brain case
Click to expand...

I am very aware that it is what they did. You are getting closer to the truth. What allowed them to do it? It wasn't the big bad SEC. Do you know?
 
If the broker rules were in place from the very begining as the GLBact law REGUIRED the banks could not have rolled the subprime into the securities
 
who cheated the people ?


The banks did it you fucking moron.


They are the ones who cheated the people.

why do you do summersaults to protect the criminals?
 
Brokers are who you hire to sell securities.

the banks were allowed for 8+ years to sell securites after being banned by law in doing so for decades because of prior misdeeds.


WHY did the Bush SEC hold back the broker rules which were the LAW of this country?


So the banks could do whatever they wanted.


that was the Bush plan to get us out of the recession we were in when he took office.


witwhout this subprime mess the economy would have stunk and he would not have been able to cheat his way into a second term.

Then they didnt fix it until the whole mess was already crumbling
 
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