Page 7 of 29 FirstFirst ... 5678917 ... LastLast
Results 61 to 70 of 289

Thread: U.S. sues S&P over subprime ratings

  1. #61
    Banned
    Join Date
    Jan 2013
    Last Seen
    01-17-16 @ 05:09 PM
    Lean
    Undisclosed
    Posts
    9,122

    Re: U.S. sues S&P over subprime ratings

    Quote Originally Posted by OpportunityCost View Post
    The motto of the Competitive Enterprise Institute is "Free Markets and Limited Government." They have an obvious pro-business and anti-regulation bias.

  2. #62
    Banned
    Join Date
    Sep 2012
    Last Seen
    12-26-14 @ 02:05 AM
    Gender
    Lean
    Independent
    Posts
    10,032

    Re: U.S. sues S&P over subprime ratings

    3...2...1... and go::

    LOOOOOL

    HAHAHHAHAHHA.

    Like they are EVER going to win this case. Oh boy. This was a good one. Lawls.

    Tough luck. They should get Holder to manage this case at least that way, when they lose, they will have a convenient person to blame.

  3. #63
    Banned
    Join Date
    Jan 2013
    Last Seen
    01-17-16 @ 05:09 PM
    Lean
    Undisclosed
    Posts
    9,122

    Re: U.S. sues S&P over subprime ratings

    Quote Originally Posted by Grant View Post
    If you've read the link sent to you you will see that the Democrats were taking credit for it until it failed, and despite being warned by Alan Greenspan John McCain, and George Bush. Now they are, incredibly it seems, intending to do the same thing again.

    The American Spectator : And You Thought the Housing Crisis Was Over!

    Someone seems keen on destroying the American economy.
    That was an editorial in a conservative magazine. I asked for a quote of the specific CRA/HUD regulations that require lenders to give loans to unqualified applicants and/or an independent study showing that these regulations contributed to the home mortgage meltdown.

  4. #64
    Sage
    OpportunityCost's Avatar
    Join Date
    Jan 2011
    Last Seen
    12-10-17 @ 09:11 PM
    Gender
    Lean
    Conservative
    Posts
    16,719

    Re: U.S. sues S&P over subprime ratings

    Quote Originally Posted by Hard Truth View Post
    That was an editorial in a conservative magazine. I asked for a quote of the specific CRA/HUD regulations that require lenders to give loans to unqualified applicants and/or an independent study showing that these regulations contributed to the home mortgage meltdown.
    You apparently missed this:
    2013 Reporting Criteria


    ■All institutions regulated by the Office of the Comptroller of the Currency, Federal Reserve System, and the Federal Deposit Insurance Corporation that meet the asset size threshold are subject to data collection and reporting requirements. The asset size threshold that triggers data collection and reporting for all agencies is $1.186 billion as of December 31 of each of the prior two calendar years.

    ■All institutions that are subject to the data collection and reporting requirements must report the data for a calendar year by March 1 of the subsequent year.
    All instances of aquisition, merger or tapping into federal loans at prime have a requirement of satisfactory CRA rating.
    CAMELS ratings are how banks rate their own liquidity and worth. CAMELS ratings went down as their CRA rating went up.

    Im not sure how you dont understand that.

  5. #65
    Banned
    Join Date
    Mar 2010
    Last Seen
    07-19-17 @ 03:51 PM
    Gender
    Lean
    Libertarian
    Posts
    60,458

    Re: U.S. sues S&P over subprime ratings

    If I was S&P I would respond by lowering their rating again. Sorry, but the government has no business doing this.

  6. #66
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Yesterday @ 11:16 PM
    Gender
    Lean
    Conservative
    Posts
    26,224

    Re: U.S. sues S&P over subprime ratings

    Bottom line when it was all said and done the GSEs wound up with close to 70% of all sub-prime debt.

    More than 80% of the subprime debt wound up on Gov Financial Institutions books.

    Quotas spekled out under Clinton forced the GSEs to acquire over 50% of sub prime loans.

    Under Clinton that debt was allowed to be securitized.

    All that is easy to look up. The lone disenter in the Govts own study of the financial crisis ( Peter Wallison) had access to all the pertinent data.

    Just Google him. The fact is there was a concerted effort by the Democrats, the media and Holly Wood to put a the blame on banks and gullible people fell for it.

    Watch the movie (fiction) to big to fail or the Movie (fiction) Margin Call.

    The truth is the banks had no power to force mass Govt backed sub-prime lending. Only Washington has that power.

    As a bank to be told you had to make risky loans to people just because community activist groups and Liberals in Congress ( Barney Frank ) accused you of racism is akin to being told your'e being forced into bankruptcy.

    Banks dont make risky loans, its bad for bussiness. But Congress allocated regulatory control to HUD and the CRA and not only forced private banks to loan but worse forced massive Government entities like Fannie Mae who had bern around for 70 years to start offering up these mortgages, sometimes 105% financed.

    THIS is what nearly cratered our economy and is still threatening our economy.

    Sure we might have rebounded but idiot voters elected a nobody. A media creation. A empty suite.

  7. #67
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: U.S. sues S&P over subprime ratings

    Quote Originally Posted by Hard Truth View Post
    That was an editorial in a conservative magazine. I asked for a quote of the specific CRA/HUD regulations that require lenders to give loans to unqualified applicants and/or an independent study showing that these regulations contributed to the home mortgage meltdown.
    There have been several links provided since Jimmy Carter first introduced the Community Restoration Act, how Obama sued City Bank to get them to lend mortgages to people who couldn't afford them, a video of Bill Clinton boasting how all these homes were going to minorities under his administration, how the Democrats, despite being warned by Allan Greenspan and several Republicans, went ahead anyway and called their opponents racist and said everything was alright and that there was no crisis. It's all there on this thread.

    I have no idea what else you could possibly need to form an opinion of what happened but you should have some knowledge of the history of the CRA before you even get involved in the discussion.

    And if you understand how the government mismanaged the CRA and the mortgage industry, wait until they get their hands on Obamacare.

  8. #68
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: U.S. sues S&P over subprime ratings

    Quote Originally Posted by Henrin View Post
    If I was S&P I would respond by lowering their rating again. Sorry, but the government has no business doing this.
    Review & Outlook: Payback for a Downgrade? - WSJ.com

  9. #69
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: U.S. sues S&P over subprime ratings

    Quote Originally Posted by Fenton View Post
    Bottom line when it was all said and done the GSEs wound up with close to 70% of all sub-prime debt.

    More than 80% of the subprime debt wound up on Gov Financial Institutions books.

    Quotas spekled out under Clinton forced the GSEs to acquire over 50% of sub prime loans.

    Under Clinton that debt was allowed to be securitized.

    All that is easy to look up. The lone disenter in the Govts own study of the financial crisis ( Peter Wallison) had access to all the pertinent data.

    Just Google him. The fact is there was a concerted effort by the Democrats, the media and Holly Wood to put a the blame on banks and gullible people fell for it.

    Watch the movie (fiction) to big to fail or the Movie (fiction) Margin Call.

    The truth is the banks had no power to force mass Govt backed sub-prime lending. Only Washington has that power.

    As a bank to be told you had to make risky loans to people just because community activist groups and Liberals in Congress ( Barney Frank ) accused you of racism is akin to being told your'e being forced into bankruptcy.

    Banks dont make risky loans, its bad for bussiness. But Congress allocated regulatory control to HUD and the CRA and not only forced private banks to loan but worse forced massive Government entities like Fannie Mae who had bern around for 70 years to start offering up these mortgages, sometimes 105% financed.

    THIS is what nearly cratered our economy and is still threatening our economy.

    Sure we might have rebounded but idiot voters elected a nobody. A media creation. A empty suite.
    You nailed it!

  10. #70
    Weekend Political Pundit
    Bob N's Avatar
    Join Date
    Nov 2012
    Last Seen
    12-06-17 @ 11:05 PM
    Gender
    Lean
    Independent
    Posts
    3,821

    Re: U.S. sues S&P over subprime ratings

    There is such a thing as both sides of the story, you know?

    Wikipedia? You know that anyone can go in to that to put information in, right?

    And the pdf file. Can you break those 20 pages down please.

    Note in the YouTube video that Clinton didn't say "force them", so what's your point?

    And "Let Freedom Ring"? Are you serious?

    I'm sorry to tell you that a courtroom doesn't play that kind of malarkey from either party; they want backed-up facts.
    "The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

Page 7 of 29 FirstFirst ... 5678917 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •