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Thread: U.S. Jobless Rate Unexpectedly Declines to 8.6%

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by OpportunityCost View Post
    You do understand that the widespread use of credit default swaps gained widespread use because of its use in the home market?
    You do understand that the easing of rules was part of a compromise package to pass new rules for CRA in 97?
    You do understand saying zero means it had NO impact. We know that isnt true or it wouldnt have been calls to reform it as the first act of the 2008 housing and finance committees.

    Current figures are that some $1trillion in paper guaranteed by GSEs has foreclosed. No impact eh?
    You do understand that only a tiny percentage of the bad subprime loans were subject to the CRA, right? You do realize that that tiny percentage was of much higher quality than the non-CRA loans? The CRA loans defaulted at about a 50% lower rate than the non CRA loans, yes? And you understand that it the loans hadn't been obtained from CRA lenders that there was absolutely nothing preventing the borrowers from obtaining loans from non-CRA lenders? And the non-CRA loans were more expensive and had worse terms than the CRA loans? So that, if there had been no CRA, there would have been more defaults?

    Not sure why you find this so hard to grasp.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by AdamT View Post
    You do understand that only a tiny percentage of the bad subprime loans were subject to the CRA, right? You do realize that that tiny percentage was of much higher quality than the non-CRA loans? The CRA loans defaulted at about a 50% lower rate than the non CRA loans, yes? And you understand that it the loans hadn't been obtained from CRA lenders that there was absolutely nothing preventing the borrowers from obtaining loans from non-CRA lenders? And the non-CRA loans were more expensive and had worse terms than the CRA loans? So that, if there had been no CRA, there would have been more defaults?

    Not sure why you find this so hard to grasp.
    Do you realize that "your" President has been office almost three years now and the economic conditions regarding Home Ownership hasn't improved? Do you realize that poverty has increased in the last three years? Do you realize the number of people on food stamps has increased the last few years? Keep buying the Obama rhetoric and looking backward all to divert from the Obama record.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    Do you realize that "your" President has been office almost three years now and the economic conditions regarding Home Ownership hasn't improved? Do you realize that poverty has increased in the last three years? Do you realize the number of people on food stamps has increased the last few years? Keep buying the Obama rhetoric and looking backward all to divert from the Obama record.
    I believe you're in the wrong thread. This one is about the real estate crash that happened under Shrub's watch. You know, "your" boy who oversaw the worst economic implosion in three generations. Here's a hint: if you run the bus into a bridge abutment and kill half the passengers, it's a little tacky to whine about the body shop taking too long to fix the damage.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by AdamT View Post
    I believe you're in the wrong thread. This one is about the real estate crash that happened under Shrub's watch. You know, "your" boy who oversaw the worst economic implosion in three generations. Here's a hint: if you run the bus into a bridge abutment and kill half the passengers, it's a little tacky to whine about the body shop taking too long to fix the damage.
    What you don't seem to understand and probably never will is that there is plenty of blame to go around including those Democrats that you want to ignore. The "smartest" man ever to hold the office with total control of the Congress didn't fix the problem and if you heard his speech yesterday continues to promote class warfare and massive govt. growth.

    That isn't a prescription to success even though he is a walking advertisment for what is great in America. Have you ever heard Obama trumpet American exceptionalism and his story? He came from nothing and rose to President of the United States and now promotes redistributing the wealth of those who made the best of the opportunities this country creates.

    Keep buying the Obama rhetoric and ignore his record.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    What you don't seem to understand and probably never will is that there is plenty of blame to go around including those Democrats that you want to ignore. The "smartest" man ever to hold the office with total control of the Congress didn't fix the problem and if you heard his speech yesterday continues to promote class warfare and massive govt. growth.

    That isn't a prescription to success even though he is a walking advertisment for what is great in America. Have you ever heard Obama trumpet American exceptionalism and his story? He came from nothing and rose to President of the United States and now promotes redistributing the wealth of those who made the best of the opportunities this country creates.

    Keep buying the Obama rhetoric and ignore his record.
    Translation: blah blah Obama blah liberal blah blah

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Retail clerk type jobs. If a republican was in the Whore House these numbers would have never been brought out.
    It's nothing more than X's and O's.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by AdamT View Post
    Translation: blah blah Obama blah liberal blah blah
    Actually the liberal translation is "I cannot refute the Obama record so I have to divert from it"

    "your" President gave one of the most divisive speeches of any President yesterday and is an embarrassment to the office.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by AdamT View Post
    I believe you're in the wrong thread. This one is about the real estate crash that happened under Shrub's watch. You know, "your" boy who oversaw the worst economic implosion in three generations. Here's a hint: if you run the bus into a bridge abutment and kill half the passengers, it's a little tacky to whine about the body shop taking too long to fix the damage.
    Very well put Adam, I love the metaphor.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by pbrauer View Post
    Very well put Adam, I love the metaphor.
    Well put? LOL, have any of you ever taken a civics class?

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    Well put? LOL, have any of you ever taken a civics class?
    WTF is that supposed to mean, Con?

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