Racism

Fenton said:

What I find interesting is your claim that your'e to be the arbiter of what defines " facts" and who's side their on when you havn't the slightest idea what your talking about.

The Grahm-Leach Act wasn't the geneisis nor was it a major motivator of the Demcrat mandated Sub-Prime Collapse.

The Roots of the Democrat Mandated Sub-Prime Collapse go back to 1992, with Clinton, through numerous executive orders mandating more regulatory control over the GSEs by HUD and allowing Fannies and Freddie's Capital Requirements to fall to only 3%.

Hell, Franklin Raines publicly boasted Fannies Investments were so sound that they didn't need a capital requirement and even a 2 % mandate would suffice.

That was when he was popped for misreporring BILLIONS in profits so he could pad his bonus. F***ing corrupt Democrats.

In 1997 Fannie turned their first crap loan into a security and by 2000 they were the primary creator and issuer of Toxic MBSs.

The Democrat Mandated Sub-Prime market had become a Systemic issue far before Grahm-Leach was implemented in 1999.

So save your false narrative of the evil banks and the GOP because I know better.

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Utter nonsense. And your strawman about the Gramm-Leach-Bliley act not being "the genesis" of the collapse doesn't help you. I never said it was "the genesis." I said it was "largely to blame," and it was.

Gramm's successful effort to pass banking reform laws in 1999, which reduced decades-old regulations separating banking, insurance and brokerage activities, helped to create the current economic crisis.

And your nonsense about CRA loans has been so thoroughly debunked, I'm surprised you remain married to it. CRA loans were but 6% of the overall toxic loans and did not cause the collapse. The vast majority of toxic loans were written because banks could write them, not because they had to. I had to talk a friend out of accepting a corrupt deal from a bank offering him $30,000 to purchase and default on a property. The bank was willing to provide the property and pay all of the closing costs plus give him $30K in exchange for him wrecking his credit by defaulting 6 months later, after the bank sold the loan off. That's how much profit the banks were making at that time prior to the collapse by selling off loans they knew were no good. That's the kind of **** that was going which fueled the bubble and contributed to the collapse.

And again, adding oversight to the GSE's would have prevented the collapse. Republicans controlled the House during those 12 years; the y controlled the House for almost 11 of those years. You have to be completely partisan to think they weren't to blame. Hell, even Bush knew they were to blame, even if you don't...

"Thanks to our policies, home ownership in America is at an all-time high." ~ George Bush, 9.2.2004, RNC acceptance speech

Fenton said:

And yes the average American IS as dumb as a box of hammers. Obama's re-election proves that. And your publicly stated tenuous grasp on the Sub-Prime Collapse is not helping theie case.

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Your sour grapes are noted, but no, Obama's re-election proves nothing of the sort. No matter what Rush Limbaugh tells you.

Fenton said:

And yes the average American IS as dumb as a box of hammers. Obama's re-election proves that. And your publicly stated tenuous grasp on the Sub-Prime Collapse is not helping theie case.

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So...you're saying that the women and the minorities - including the Asians who voted strongly for Obama - who are 'dumb as a box of hammers', and it's the conservative Americans - particularly white males from the red states where the populations generally have a lower-than average level of education when compared to blue states - that are the intelligent ones.

Riiiiiiight.

BTW, in your post you misspelled "geneisis", "Demcrat", "Roots" (should not have been capitalized), "Fannies" (should have been "Fannie's" or, better still, "Fannie Mae's", "misreporring", "Toxic" (should not have been capitalized), "Democrat Mandated" (should have been "Democratic-mandated" ("Democrat" is not an adjective, but a singular noun)), "Sub Prime" should have been "sub-prime", "Systemic" should not have been capitalized, "far" should have been "long", "Grahm-Leach" should have been "Gramm-Leach", "re-election" did not need to be hyphenated (though that could have been a matter of style), "theie", and it is considered bad form (though I'm guilty of it as well) to begin sentences with "And".

But remember, it's we Democrats who are 'dumb as a box of rocks'. Just sayin'....

Glen Contrarian said:

So...you're saying that the women and the minorities - including the Asians who voted strongly for Obama - who are 'dumb as a box of hammers', and it's the conservative Americans - particularly white males from the red states where the populations generally have a lower-than average level of education when compared to blue states - that are the intelligent ones.

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actually most asians, especially immigrants, tend to be fiscally conservative and moderately socially conservative. Where the republican party runs afoul with them usually deals with the religious right and their efforts to push a christian based, anti-science agenda

Dr. Chuckles said:

actually most asians, especially immigrants, tend to be fiscally conservative and moderately socially conservative. Where the republican party runs afoul with them usually deals with the religious right and their efforts to push a christian based, anti-science agenda

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"fiscally conservative and moderately socially conservative"

would you care to prove this claim by, say, the results of non-partisan polls? I ask this because I'm fairly close to Asians, and especially immigrants...and my observations show something quite different from your claims.

Glen Contrarian said:

So...you're saying that the women and the minorities - including the Asians who voted strongly for Obama - who are 'dumb as a box of hammers', and it's the conservative Americans - particularly white males from the red states where the populations generally have a lower-than average level of education when compared to blue states - that are the intelligent ones.

Riiiiiiight.

BTW, in your post you misspelled "geneisis", "Demcrat", "Roots" (should not have been capitalized), "Fannies" (should have been "Fannie's" or, better still, "Fannie Mae's", "misreporring", "Toxic" (should not have been capitalized), "Democrat Mandated" (should have been "Democratic-mandated" ("Democrat" is not an adjective, but a singular noun)), "Sub Prime" should have been "sub-prime", "Systemic" should not have been capitalized, "far" should have been "long", "Grahm-Leach" should have been "Gramm-Leach", "re-election" did not need to be hyphenated (though that could have been a matter of style), "theie", and it is considered bad form (though I'm guilty of it as well) to begin sentences with "And".

But remember, it's we Democrats who are 'dumb as a box of rocks'. Just sayin'....

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LOL !!!

You know, hold on tight to those stero-types and false narratives about Red State residents as places like Detroit and additional MULTIPLE Liberal local municipalities file for bankruptcy.

When it took Democrats to elect a Jr Senator twice, who wasn't qualified to run a lemonade stand let alone a Country. After 5 years your'e telling me it was "smart people " who are now responsible for 7 TRILLION in structural debt, TRILLIONS in QE, the disappearing middle class, increase poverty rates of American adults to 1 in 6 and a increase in the poverty rates o American Children to 1 in 5.

Your'e telling me it was the "educated" who were the ones sucked in by platitudes, narratives and full blown lies ? TWICE ? The same type of people that come on here and tell us Right Wingers that there is a "recovery" and that the economy is "improving" ??? Who blame Republicans for just about everything 5 years into Obama's Presidency ??

LOL !! Listen, I make a habit of visiting Liberal blogs and News sites, the one's who will at least post opinions from those on the Right and I'm telling you, those people are abject morons. Huff-Po ? MSNBC ? Politi-Co ? It's the same nonsense you people have been droning on for years now. Two wars..blah blah blah, Bush's Great Recession..blah, blah, blah.

Simpletons, easily manipulated and prone to subjective emotional and irrelevant rants rants so quit repeating the Democrat talking points. The average IQ of your average Liberal is absolutely reflected in the current state of our economy, our Domestic and Foreign policies and the effects of those policies and the General mindset of the American Citizen. The average IQ of a typical Liberal is reflected in the economic condition of Blue Cities, as they one right after the other file bankruptcy and stick it to their creditors.

What ? Can't you Liberals Add ? Can't balance a check book ? I thought you were "educated". I'm guessing it's the same type of education Rachel Jeantell received during her 6-7 years in High School. " She got herself a 3.0".....I graduated High School in a Red State when I was 16.

I can't think of a when America was in such a fu**ed up state, probably during Carter's malaise.

Sheik Yerbuti said:

Utter nonsense. And your strawman about the Gramm-Leach-Bliley act not being "the genesis" of the collapse doesn't help you. I never said it was "the genesis." I said it was "largely to blame," and it was.

Gramm's successful effort to pass banking reform laws in 1999, which reduced decades-old regulations separating banking, insurance and brokerage activities, helped to create the current economic crisis.

And your nonsense about CRA loans has been so thoroughly debunked, I'm surprised you remain married to it. CRA loans were but 6% of the overall toxic loans and did not cause the collapse. The vast majority of toxic loans were written because banks could write them, not because they had to. I had to talk a friend out of accepting a corrupt deal from a bank offering him $30,000 to purchase and default on a property. The bank was willing to provide the property and pay all of the closing costs plus give him $30K in exchange for him wrecking his credit by defaulting 6 months later, after the bank sold the loan off. That's how much profit the banks were making at that time prior to the collapse by selling off loans they knew were no good. That's the kind of **** that was going which fueled the bubble and contributed to the collapse.

And again, adding oversight to the GSE's would have prevented the collapse. Republicans controlled the House during those 12 years; the y controlled the House for almost 11 of those years. You have to be completely partisan to think they weren't to blame. Hell, even Bush knew they were to blame, even if you don't...

"Thanks to our policies, home ownership in America is at an all-time high." ~ George Bush, 9.2.2004, RNC acceptance speech


Your sour grapes are noted, but no, Obama's re-election proves nothing of the sort. No matter what Rush Limbaugh tells you.

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Debunked by whom ? Definitely not you as you continue to expose your ignorance on the subject of the Democrat Sub-Prime Collapse. The Grahm-Leach Act is irrelevant. And as George Bush starting his home-ownership initiative through FHA and Ginnie Mae, Democrats were running Fannie and Freddie into the GROUND.

I've posted this before but your'e a Lib and you people need TONS of reminders apparently so in reference to the CRA...
Did the Community Reinvestment Act (CRA) Lead to Risky Lending?

"Yes, it did. We use exogenous variation in banks’ incentives to conform to the standards of the Community Reinvestment Act (CRA) around regulatory exam dates to trace out the effect of the CRA on lending activity. Our empirical strategy compares lending behavior of banks undergoing CRA exams within a given census tract in a given month to the behavior of banks operating in the same census tract-month that do not face these exams. We find that adherence to the act led to riskier lending by banks: in the six quarters surrounding the CRA exams lending is elevated on average by about 5 percent every quarter and loans in these quarters default by about 15 percent more often. These patterns are accentuated in CRA-eligible census tracts and are concentrated among large banks. The effects are strongest during the time period when the market for private securitization was booming."

Lemme' guess, your rebut is going to be " Your'e CRA nonsense has been thoroughly debunked " LOL ...

But even the CRA mandates that Clinton put on steroids on their couldn't have on their own caused this crisis to become systemic to the point of threatening the entire American Economy. No for that there needed to be a long list of Clinton Executive Orders that among other things lowered Capital Standards for the GSE's from 10% to 3%.

To make sure his "affordable loan " initiatives would succeed he had to put his people into power at the GSE's so from 1993 to 1998 he pretty much replaced all executive positions and and most of the board members including the CEO of Fannie Mae. For that position he appointed Franklin Raines.

So as Fannie's regulator in 2004 was warning the Democrats of their eventual collapse, Democrats were sitting in front of Republican chaired commissions lying about the health of the GSE's, and starting to buy NINA loans.







By 2008 Fannie and Freddie held over 5 TRILLION in Sub-Prime, Alt-A, CRA, NINA and just generally crap mortgages or MBS's backed by crap loans. It was close to 70%of all Sub-Prime crap created in America, and no it wasn't "EEEBIL BANKS " who started creating Toxic AAA rated Mortgage Backed Securities, it was Fannie Mae who in 1997 turned their first crap loan into a Security and from there never looked back.

The same Freddie and Fannie that Bush and the Republicans tried to pass strict regulatory control over MULTIPLE TIMES.

So why don't you educate yourself, you know so you won't make a fool out of yourself on a public forum again.

Fenton said:

Debunked by whom ? Definitely not you as you continue to expose your ignorance on the subject of the Democrat Sub-Prime Collapse. The Grahm-Leach Act is irrelevant. And as George Bush starting his home-ownership initiative through FHA and Ginnie Mae, Democrats were running Fannie and Freddie into the GROUND.

I've posted this before but your'e a Lib and you people need TONS of reminders apparently so in reference to the CRA...
Did the Community Reinvestment Act (CRA) Lead to Risky Lending?

"Yes, it did. We use exogenous variation in banks’ incentives to conform to the standards of the Community Reinvestment Act (CRA) around regulatory exam dates to trace out the effect of the CRA on lending activity. Our empirical strategy compares lending behavior of banks undergoing CRA exams within a given census tract in a given month to the behavior of banks operating in the same census tract-month that do not face these exams. We find that adherence to the act led to riskier lending by banks: in the six quarters surrounding the CRA exams lending is elevated on average by about 5 percent every quarter and loans in these quarters default by about 15 percent more often. These patterns are accentuated in CRA-eligible census tracts and are concentrated among large banks. The effects are strongest during the time period when the market for private securitization was booming."

Lemme' guess, your rebut is going to be " Your'e CRA nonsense has been thoroughly debunked " LOL ...

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You guess wrong. :coffeepap I don't have to resort to that rebuttal as your link failed miserably to refute what I said. Your link answers the question, "did the CRA lead to risky lending?"

The answer is "yes." About 6% of the toxic loans that crashed the credit markets were derived from the CRA. That's what I said. Meanwhile, the other 94% of toxic loans were given because mortgage brokers wanted to give the loans, not because they had to.

Fenton said:

But even the CRA mandates that Clinton put on steroids on their couldn't have on their own caused this crisis to become systemic to the point of threatening the entire American Economy. No for that there needed to be a long list of Clinton Executive Orders that among other things lowered Capital Standards for the GSE's from 10% to 3%.

To make sure his "affordable loan " initiatives would succeed he had to put his people into power at the GSE's so from 1993 to 1998 he pretty much replaced all executive positions and and most of the board members including the CEO of Fannie Mae. For that position he appointed Franklin Raines.

So as Fannie's regulator in 2004 was warning the Democrats of their eventual collapse, Democrats were sitting in front of Republican chaired commissions lying about the health of the GSE's, and starting to buy NINA loans.

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Posting minority members of the Congress who did not prevent the majority party Republicans from passing oversight continues to fail to win you any ground in your losing position. Republicans were in charge; Republicans had no less than 3 bills they could have passed; Republican leadership in the Senate refused to put any one of them to a full vote in the Senate. You can't [rationally] blame Democrats because Republicans failed to pass legislation while they where in charge of the Congress.

Fenton said:

By 2008 Fannie and Freddie held over 5 TRILLION in Sub-Prime, Alt-A, CRA, NINA and just generally crap mortgages or MBS's backed by crap loans. It was close to 70%of all Sub-Prime crap created in America, and no it wasn't "EEEBIL BANKS " who started creating Toxic AAA rated Mortgage Backed Securities, it was Fannie Mae who in 1997 turned their first crap loan into a Security and from there never looked back.

The same Freddie and Fannie that Bush and the Republicans tried to pass strict regulatory control over MULTIPLE TIMES.

So why don't you educate yourself, you know so you won't make a fool out of yourself on a public forum again.

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Speaking of education, you ought to learn what Bush did to impact that $5t Fannie and Freddie held ...

ttwtt78640 said:

Amazing but that is the fact.

Trayvon Martin in morgue 3 days as 'John Doe' after mom reported him missing - National unsolved cases | Examiner.com

TM's three school suspensions are mentioned in the Wiki account.

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Did his mother KNOW he was laying in the morgue those 3 days?

Your friends are racist.

Captain America said:

Did his mother KNOW he was laying in the morgue those 3 days?

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My point exactly.