View Poll Results: Who would you rather have as president?

Voters
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  • Hillary Clinton

    19 32.20%
  • Elizabeth Warren

    40 67.80%
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Thread: Elizabeth Warren vs. Hillary Clinton[W:336]

  1. #111
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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by SCitizen View Post
    I hope Sarah Palin runs and wins in '16.
    Yeah, when pigs fly

  2. #112
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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by votemout View Post
    The banks are still paying off the clintons for what they have done for them. all of this economic destruction is because of clinton. You need to research more, Because you do not seem to have a grasp of what is really going on in this country and the world.

    week before khadafi went down the rebels created a central bank! what do rebels know about central banking? Nothing but now you know why he is dead.

    https://www.youtube.com/watch?v=WN0Y3HRiuxo

    All wars are bankers wars

    I have posted the above documentary here many times still amazes me how some either wont watch it or believe this nice history lesson.

    CLINTON? lol

    The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008

  3. #113
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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by votemout View Post
    Actually deregulation thanks to the Clinton clan of criminals. whom i did vote for twice then I saw what he policies did, thats was when i really started digging into what is going on.

    What are you talkling about?

    The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008

    There is zero evidence this change unleashed the financial crisis. If you tally the institutions that ran into severe problems in 2008-09, the list includes Bear Stearns, Lehman Brothers, Merrill Lynch, AIG, and Fannie Mae and Freddie Mac, none of which would have come under Glass-Steagall’s restrictions. Even President Obama has recently acknowledged that “there is not evidence that having Glass-Steagall in place would somehow change the dynamic.”

    As for the FDIC-insured commercial banks that ran into trouble, the record is also clear: what got them into trouble were not activities restricted by Glass-Steagall. Their problems arose from investments in residential mortgages and residential mortgage-backed securities—investments they had always been free to engage in

    Why The Glass-Steagall Myth Persists - Forbes


    Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse


    2004 Republican Convention:

    Another priority for a new term is to build an ownership society, because ownership brings security and dignity and independence.
    ...

    Thanks to our policies, home ownership in America is at an all- time high.

    (APPLAUSE)

    Tonight we set a new goal: 7 million more affordable homes in the next 10 years, so more American families will be able to open the door and say, "Welcome to my home."


    The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008


    One president controlled the regulators that not only let banks stop checking income but cheered them on. And as president Bush could enact the very policies that caused the Bush Mortgage Bubble and he did. And his party controlled congress.


    DUBYA FOUGHT ALL 50 STATE AG'S IN 2003, INVOKING A CIVIL WAR ERA RULE SAYING FEDS RULE ON "PREDATORY" LENDERS!


    Eliot Spitzer - Predatory Lenders' Partner in Crime


    Dubya was warned by the FBI of an "epidemic" of mortgage fraud in 2004. He gave them less resources.

    FBI saw threat of loan crisis - Los Angeles Times


    Later in 2004 Dubya allowed the leverage rules to go from 12-1 to 33-1 which flooded the market with cheap money!

    The SEC Rule That Broke Wall Street


    une 17, 2004

    (CNN/Money) - Home builders, realtors and others are preparing to fight a Bush administration plan that would require Fannie Mae and Freddie Mac to increase financing of homes for low-income people, a home builder group said Thursday.


    Home builders fight Bush's low-income housing - Jun. 17, 2004



    Lower lending standards started in late 2004 which caused the Bush Mortgage Bubble


    "(In 2000, Clinton) HUD restricted Freddie and Fannie, saying it would not credit them for loans they purchased that had abusively high costs or that were granted without regard to the borrower's ability to repay."

    How HUD Mortgage Policy Fed The Crisis

    "In 2004 (BUSH), the 2000 rules were dropped and high‐risk loans were again counted toward affordable housing goals."


    http://business.gwu.edu/creua/resear...ie-freddie.pdf


    The FBI correctly identified the epidemic of mortgage control fraud at such an early point that the financial crisis could have been averted had the Bush administration acted with even minimal competence.

    William K. Black: The Two Documents Everyone Should Read to Better Understand the Crisis

  4. #114
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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by tres borrachos View Post
    What is your level of knowledge of bank regulations? If it's deep, we can discuss.

    No banks rode roughshod over me. What did you allow banks to do to you?
    Bush drive for home ownership fueled housing bubble

    Predatory Lenders' Partner in Crime

    Predatory lending was widely understood to present a looming national crisis.

    What did the Bush administration do in response? Did it reverse course and decide to take action to halt this burgeoning scourge?

    Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye

    In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative


    Eliot Spitzer - Predatory Lenders' Partner in Crime


    Regulators and policymakers enabled this process at virtually every turn. Part of the reason they failed to understand the housing bubble was willful ignorance: they bought into the argument that the market would equilibrate itself. In particular, financial actors and regulatory officials both believed that secondary and tertiary markets could effectively control risk through pricing.


    http://www.tobinproject.org/sites/to...Disaster_0.pdf

  5. #115
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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by tres borrachos View Post
    Happy Saturday Pol!

    The CFPB, along with Dodd-Frank, has constrained the lenders in this country, and the regulatory changes coming down the pike are so burdensome that credit will be less and less available, particularly mortgages but other credit as well. So innocent people will ultimately be hurt because Elizabeth Warren is one of those politicians who stupidly relieved consumers of all of their responsibility and she put the blame squarely on the lenders, so in order to protect the morons who can't take care of themselves, everyone will now be victimized by the CFPB.

    Warren IMO would be very dangerous for this country. She thinks people are too stupid to make smart decisions, and she believes that the government should make decisions for people. It's downright frightening.

    Not that I'd vote for either one, but if I was forced to choose between Warren & Clinton, I would choose Clinton without hesitation.
    Yeah, we heard before 1929, Reagan's S&L crisis and Bush subprime meltdown, banks could watch out best for themselves *shaking head*

    Conservatives Can't Escape Blame for the Financial Crisis


    The onset of the recent financial crisis in late 2007 created an intellectual crisis for conservatives, who had been touting for decades the benefits of a hands-off approach to financial market regulation. As the crisis quickly spiraled out of control, it quickly became apparent that the massive credit bubble of the mid-2000s, followed by the inevitable bust that culminated with the financial markets freeze in the fall of 2008, occurred predominantly among those parts of the financial system that were least regulated, or where regulations existed but were largely unenforced.

    Predictably, many conservatives sought to blame the bogeymen they always blamed.

    Politics Most Blatant | Center for American Progress



    DUBYA FOUGHT ALL 50 STATE AG'S IN 2003, INVOKING A CIVIL WAR ERA RULE SAYING FEDS RULE ON "PREDATORY" LENDERS!

    Dubya was warned by the FBI of an "epidemic" of mortgage fraud in 2004. He gave them less resources. Later in 2004 Dubya allowed the leverage rules to go from 12-1 to 33-1 which flooded the market with cheap money!

  6. #116
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    Re: Elizabeth Warren vs. Hillary Clinton

    I voted for Hillary, but to be honest I really don't know enough about Elizabeth Warren at this point to make an informed judgment.

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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by Amadeus View Post


    Many people are afraid, even terrified, of Elizabeth Warren. No one is afraid of Clinton.
    **** I love this woman.
    “No men are anywhere, and I’m allowed to go in, because I’m the owner of the pageant and therefore I’m inspecting it,” Trump said... “‘Is everyone OK’? You know, they’re standing there with no clothes. ‘Is everybody OK?’ And you see these incredible looking women, and so I sort of get away with things like that.”

  8. #118
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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by tres borrachos View Post
    The only problem is her CFPB is going to end up hurting the average American joe more than help him. It won't be long before consumer credit is unattainable for a good portion if not most Americans. Yes I'm going out on a limb and predicting that now.
    That is her brainchild, I believe. And she's not in charge, even though she originally wanted the appointment, I believe. In any event, you (or I) don't know how it will pan out, but we both know that it was created and put in place to help Americans.
    “No men are anywhere, and I’m allowed to go in, because I’m the owner of the pageant and therefore I’m inspecting it,” Trump said... “‘Is everyone OK’? You know, they’re standing there with no clothes. ‘Is everybody OK?’ And you see these incredible looking women, and so I sort of get away with things like that.”

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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by tres borrachos View Post
    I don't have the time nor the interest in educating you on banking or the banking regulations. Too long and involved. Can't you Google and do some research? You may want to if you're seriously championing Warren. Do you always champion a politician's actions and views on something that - by your own admission here - you know little about?

    I'm not the economy, and never claimed to be so I'm not sure why you blurted that out? You said that banks were riding roughshod over the economy. I'm part of the economy, and they never rode roughshod over me. So I'll ask you again...how did they ride roughshod over you?
    What about the people who lost their shirts in 2008? Just because it didn't directly affect you does not mean it didn't happen.
    “No men are anywhere, and I’m allowed to go in, because I’m the owner of the pageant and therefore I’m inspecting it,” Trump said... “‘Is everyone OK’? You know, they’re standing there with no clothes. ‘Is everybody OK?’ And you see these incredible looking women, and so I sort of get away with things like that.”

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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by tres borrachos View Post
    No, you came up with a Wiki page about the meltdown in 2007. A few problems:

    Wiki isn't a source.
    I wasn't talking about the big bank problems in 2007. I was talking about the CFPB, banking regulations, and their impact on the community bank space.
    So you're saying that banking regulation hurts the little banks? In the same token regulations help the big ones?
    “No men are anywhere, and I’m allowed to go in, because I’m the owner of the pageant and therefore I’m inspecting it,” Trump said... “‘Is everyone OK’? You know, they’re standing there with no clothes. ‘Is everybody OK?’ And you see these incredible looking women, and so I sort of get away with things like that.”

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