Page 48 of 65 FirstFirst ... 38464748495058 ... LastLast
Results 471 to 480 of 644

Thread: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

  1. #471
    Sage


    eohrnberger's Avatar
    Join Date
    Nov 2013
    Last Seen
    Today @ 01:43 PM
    Gender
    Lean
    Other
    Posts
    24,948
    Blog Entries
    11

    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by obvious Child View Post
    If that was so...why didn't the housing market collapse before that?

    You do realize you only need a fraction of houses with mortgages to go under before the securitization of those mortgages starts sending financial instruments into a domino right? With the push for reduced obstacles to home ownership along with bad policies towards F&F, that set the blocks for what really screwed us.

    Honestly, I don't think the problem itself was the bad loans. It was how Wall Street repackaged the securities under those loans that did us in along with the totally fraudulent rating systems. Bad loans were an issue, but housing itself as a total percent of the GDP is not enough to cause that level of damage.
    Yeah, the Wall Street securitization of mortgages was definitely a big part of it. Not sure how a loan, a mortgage, someone's debt becomes some sort of investment vehicle. Anyway, when the banks 'insured' these financial vehicles with CDSs, as soon as the belief that they were bad investments got around, the house of cards came down. The CDSs had to pay off, and AIG lost allot of money.

    It's the lack of belief that the investments would be OK which spread like wildfire, and caused the bubble to pop. Remember, credit, Latin for 'to believe' as in the one who loans the money believes the borrower will pay it back, is a powerful thing, and when it's gone, well, it doesn't return easily or quickly.
    the Fix-is-in Bureau of Investigation

  2. #472
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Today @ 03:48 PM
    Gender
    Lean
    Conservative
    Posts
    26,324

    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by obvious Child View Post
    If that was so...why didn't the housing market collapse before that?

    You do realize you only need a fraction of houses with mortgages to go under before the securitization of those mortgages starts sending financial instruments into a domino right? With the push for reduced obstacles to home ownership along with bad policies towards F&F, that set the blocks for what really screwed us.

    Honestly, I don't think the problem itself was the bad loans. It was how Wall Street repackaged the securities under those loans that did us in along with the totally fraudulent rating systems. Bad loans were an issue, but housing itself as a total percent of the GDP is not enough to cause that level of damage.

    Wall street ??

    Fannie and Freddie started buying, packaging and then securitizing those loans as early as 1998.

    They pushed billions of " AAA " trash securities out into the Capital markets.

    And from 2000-2004 Fannie and Freddie were the primary consumers of securities backed by Subprime loans.

    Their participation not only influenced the markets, but created demand for a product that should have been exposed as worthless junk years before the collapse.

    I'm not saying Wall street was blameless, but you had two Government Service Enterprises that were exempt from SEC reporting requirements, who had a direct line of credit to the US Treasury, who's debt carried with it a inherent Government guarantee that were buying up massive amounts of worthless securities.

    Imagine two massive totally unregulated, totally corrupt investment banks with near unlimited access to cheap Government credit and who could run on Capital requirements of 3-5 percent buying up massive amounts of worthless debt to the point of creating demand for that toxic product.

    That was Fannie and Freddie.

    Without their participation the sub prime mortgage crisis would have never gotten off the ground because Banks wouldn't have had a way to unload all of their worthless subprime loans

  3. #473
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 03:28 PM
    Gender
    Lean
    Conservative
    Posts
    67,295

    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by obvious Child View Post
    Considering your failure to grasp even the most basics notions of business, you probably aren't even working now. Unlikely you're even old enough to hold such a job.

    Furthermore, the recession of the early 80s was largely due to Reagan's inflation war. That is easily fixed compared to a financial crisis which historically takes between 4 and 6 years to recover from. An interest hike war on inflation can be slowed by putting pressure on the Fed, which Reagan did. A financial global crisis cannot be solved easily by any one man.

    Some of us actually understand the topics and see right through you.
    Reagan's inflation war? Reagan took office with an extremely high inflation rate and misery index. It wasn't Reagan's inflation war it was the war he inherited due to Carter's failed economic policies as he does what most liberals want to do, micromanage the economy from the Federal level

    The recession was a double dip according to NBER and the double dip began before any of Reagan's economic policies were implemented. Liberals love to point out that he tripled the debt ignoring that he doubled GDP, his economy created 17 million jobs, and he had a 60% increase in Federal Income tax revenue even after cutting FIT three years in a row. Too many have no concept of incentive and how it drives our private sector economy. Putting more money into the hands of the consumer creates positive economic activity which of course I don't expect you to understand as apparently you don't even understand your own activity.

    As for the rest of your drivel, I love personal attacks from you because they show exactly what a hack you are

  4. #474
    Sage
    sangha's Avatar
    Join Date
    Jul 2011
    Location
    Lower Hudson Valley, NY
    Last Seen
    09-17-17 @ 05:48 PM
    Gender
    Lean
    Independent
    Posts
    59,990

    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by eohrnberger View Post
    Yeah, the Wall Street securitization of mortgages was definitely a big part of it. Not sure how a loan, a mortgage, someone's debt becomes some sort of investment vehicle. Anyway, when the banks 'insured' these financial vehicles with CDSs, as soon as the belief that they were bad investments got around, the house of cards came down. The CDSs had to pay off, and AIG lost allot of money.
    It's called "financial deregulation". There was a time when the bank that issued the mortgage was required to hold onto it. Once that rule was abandoned, a mortgage became "just another asset" and could be bought and sold like any other debt-based security

    It's the lack of belief that the investments would be OK which spread like wildfire, and caused the bubble to pop. Remember, credit, Latin for 'to believe' as in the one who loans the money believes the borrower will pay it back, is a powerful thing, and when it's gone, well, it doesn't return easily or quickly.
    Yes, it was the insecurity of the creditors which caused the crisis more than the insecurity of the underlying mortgages (though the latter was on pretty shaky ground too)
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  5. #475
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 03:28 PM
    Gender
    Lean
    Conservative
    Posts
    67,295

    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by sangha View Post
    It's called "financial deregulation". There was a time when the bank that issued the mortgage was required to hold onto it. Once that rule was abandoned, a mortgage became "just another asset" and could be bought and sold like any other debt-based security



    Yes, it was the insecurity of the creditors which caused the crisis more than the insecurity of the underlying mortgages (though the latter was on pretty shaky ground too)
    I understand how difficult it is for some including you to understand personal responsibility as well as how the private sector economy works including your own economy but the reality is it isn't the Federal Government's role to provide for equal outcome, only to promote equal opportunity.

    I spent a large portion of my life being a Democrat but the reality is I have voted for more Democrats than I believe you have ever voted for Republicans. One of these days you will publicly answer the question I posed but I know you have a distorted view of Republicans, personal responsibility, and well as where to place blame. In your world it is always Republicans at fault never the individual regardless of party because that is what people like you do, place blame never accepting responsibility.

    Bill Clinton created the sub prime loans and it was Democrats who promoted home ownership so they could get the votes. That is reality, live with it. Now it continues to be people like you who defend Obama at ever turn never viewing his background, lack of experience, and actual economic results. He has a low approval rating today for a reason, his own incompetence. Learn to accept it.

  6. #476
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Today @ 03:48 PM
    Gender
    Lean
    Conservative
    Posts
    26,324

    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by sangha View Post
    It's called "financial deregulation". There was a time when the bank that issued the mortgage was required to hold onto it. Once that rule was abandoned, a mortgage became "just another asset" and could be bought and sold like any other debt-based security



    Yes, it was the insecurity of the creditors which caused the crisis more than the insecurity of the underlying mortgages (though the latter was on pretty shaky ground too)

    You can thank the Clinton administration for that REGULATION, not " DE-regulation ".......Lol

    You people are so ill informed its scary.

    Banks sold their trash loans to Fannie and Freddie, who were under HUD mandate to purchase a increasing amount of worthless loans.

    Hell, Clintons Vice Chair appointee Jamie Gorelick Lobbied banks publicly to sell Fannie Mae their junk loans.

    Fannie and Freddie then packaged them and sold them off as " AAA " securities. But they were toxic worthless trash.

    Clintons 1995 CRA changes increased the GSEs Quota for Subprime mortgage loans to 40 percent.

    Thats 4 out of 10 loans they purchased had to be crap loans.

    In 2000, Cuomo increased their subprime quotas to 5 out of 10 loans AND committed them to purchase 2.4 Trillion dollars in junk loans.

    So no, not " deregulation " , REGULATION.

  7. #477
    Sage


    eohrnberger's Avatar
    Join Date
    Nov 2013
    Last Seen
    Today @ 01:43 PM
    Gender
    Lean
    Other
    Posts
    24,948
    Blog Entries
    11

    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by sangha View Post
    It's called "financial deregulation". There was a time when the bank that issued the mortgage was required to hold onto it. Once that rule was abandoned, a mortgage became "just another asset" and could be bought and sold like any other debt-based security



    Yes, it was the insecurity of the creditors which caused the crisis more than the insecurity of the underlying mortgages (though the latter was on pretty shaky ground too)
    Looks like we are on the same page on this one, Sangha.
    the Fix-is-in Bureau of Investigation

  8. #478
    Sage
    Montecresto's Avatar
    Join Date
    Aug 2013
    Last Seen
    03-13-16 @ 11:59 PM
    Lean
    Undisclosed
    Posts
    24,561

    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by sangha View Post
    It's called "financial deregulation". There was a time when the bank that issued the mortgage was required to hold onto it. Once that rule was abandoned, a mortgage became "just another asset" and could be bought and sold like any other debt-based security


    Yes, it was the insecurity of the creditors which caused the crisis more than the insecurity of the underlying mortgages (though the latter was on pretty shaky ground too)
    It's been proven repeatedly that deregulation was directly responsible for the crisis in 07-08!
    Killing one person is murder, killing 100,000 is foreign policy

  9. #479
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Today @ 03:48 PM
    Gender
    Lean
    Conservative
    Posts
    26,324

    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by Montecresto View Post
    It's been proven repeatedly that deregulation was directly responsible for the crisis in 07-08!

    Lol !

    Not by you, thats for sure.

    The last time you tried to " Prove " that DE-regulations caused the Collapse you refused to acknowledge the fact that it was Regulations in the 90s that created these loans in the first place.

    You refused to read anything that countered your generic talking points.

    I posted an excerpt from Janet Reno's 1998 speech where she praised the new CRA REGULATIONS for the number of successful lawsuits leveled against lenders for not providing " equal " credit.

    Why are you even here if all you're going to do is perpetuate talking points without backing them up ?

  10. #480
    Sage
    Montecresto's Avatar
    Join Date
    Aug 2013
    Last Seen
    03-13-16 @ 11:59 PM
    Lean
    Undisclosed
    Posts
    24,561

    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Stii wrong!

    WASHINGTON — The 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the conclusions of a federal inquiry.

    http://www.nytimes.com/2011/01/26/bu...26inquiry.html

    This conclusive report points to 30 years of deregulation of the financial sector was responsible for the 2007-2008 crisis, and you're quoting democrates to try to prove your point lol,

    http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf
    Last edited by Montecresto; 08-17-14 at 02:32 PM.
    Killing one person is murder, killing 100,000 is foreign policy

Page 48 of 65 FirstFirst ... 38464748495058 ... 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
  •