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

Voters
59. You may not vote on this poll
  • Hillary Clinton

    19 32.20%
  • Elizabeth Warren

    40 67.80%
Page 19 of 42 FirstFirst ... 9171819202129 ... LastLast
Results 181 to 190 of 420

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

  1. #181
    Chews the Cud
    Amadeus's Avatar
    Join Date
    Apr 2013
    Location
    Benghazi
    Last Seen
    @
    Gender
    Lean
    Very Liberal
    Posts
    6,081

    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by AlbqOwl View Post
    And from President Carter's administration through the present day, there has been a push, coupled with relaxed banking regulation, to make very unwise loans to the 'poor'--this wasn't much of a problem until the Clinton administration that began to aggressively pursue this and nothing was done to slow it down in the Bush Congress despite some 17 different warnings from his administration that trouble was developing. And when the defaults began occurring en masse, THAT is what caused the whole thing to crash as it did in 2008.
    If I'm not mistake, this problem is addressed specifically in Warren's push for mortgage reform.

    Now we have Elizabeth Warren who wants to 'streamline' banking regulations but does not oppose any of the policies that actually created the problems with loans in default.
    You'll have to explain this to me. Be gentle.

  2. #182
    Sage
    AlbqOwl's Avatar
    Join Date
    Jan 2005
    Location
    New Mexico
    Last Seen
    Today @ 03:47 AM
    Gender
    Lean
    Other
    Posts
    17,550
    Blog Entries
    2

    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by Amadeus View Post
    If I'm not mistake, this problem is addressed specifically in Warren's push for mortgage reform.

    You'll have to explain this to me. Be gentle.
    Others have already hit on the finer points. But it seems to me that Warren wants the federal government to take over all the financial industry--she calls it streamlining regulation--and exercise an iron fist on how banking and financial institutions shall be run. But to the best of my knowledge, she has not suggested reinstituting the sensible and necessary regulations that allow and encourage banks to refuse high risk loans or implementing practices that discourage risky behavior.
    Last edited by AlbqOwl; 06-15-14 at 03:44 PM.
    "I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it." --Benjamin Franklin 1776

  3. #183
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 10:21 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,723

    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by Middleground View Post
    Yeah, bigger baks can cope better. So what? Fact is, big banks have pushed hard for deregulations for the last 30 years or so. Why do you think?
    why don't you tell me. some banks did, some were big fas of regulation.



  4. #184
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 10:21 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,723

    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by dad2three2001 View Post
    Stupid-itus , the radical Reich and their propagandists, We call them the GOPers
    the stupid are those who demand other take care of them

    Thanks for Godwinning this thread
    that was really moronic



  5. #185
    Chews the Cud
    Amadeus's Avatar
    Join Date
    Apr 2013
    Location
    Benghazi
    Last Seen
    @
    Gender
    Lean
    Very Liberal
    Posts
    6,081

    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by AlbqOwl View Post
    Others have already hit on the finer points. But it seems to me that Warren wants the federal government to take over all the financial industry--she calls it streamlining regulation--and exercise an iron fist on how banking and financial institutions shall be run. But to the best of my knowledge, she has not suggested reinstituting the sensible and necessary regulations that allow and encourage banks to refuse high risk loans or implementing practices that encourage risky behavior.
    She is doing exactly that.

    Warren Backs Firmer Mortgage Rules to Bar Return to Lax Lending - Bloomberg

    The U.S. Congress should consider strengthening mortgage-servicing standards to ensure banks don’t return to higher-risk lending in a future housing boom, Senator Elizabeth Warren said in a speech today.

    The qualified mortgage rule, which requires lenders to verify a borrower’s ability to repay by confirming income and assets, needs to be bolstered because the version taking effect Jan. 10 has insufficient penalties for noncompliance, Warren said at a Mortgage Bankers Association conference in Washington.

    “The potential liability associated with writing non-QM loans is relatively small, and in good times, lenders can compensate for those possible losses with higher rates or fees,” said Warren, a Massachusetts Democrat who was elected last year. “We need to consider strengthening or supplementing the QM rule so that it provides an adequate check on overly risky lending even during housing booms.”

  6. #186
    Sage
    AlbqOwl's Avatar
    Join Date
    Jan 2005
    Location
    New Mexico
    Last Seen
    Today @ 03:47 AM
    Gender
    Lean
    Other
    Posts
    17,550
    Blog Entries
    2

    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by Amadeus View Post
    The devil is always in the details on something like that isn't it?

    And, from your link, here is the devil in Warren's stated position on that, right out of what some would call liberal la-la land:

    Any housing-finance legislation should include an explicit government guarantee and solve servicer and trustee problems for modifying mortgages, Warren said. The new system shouldn’t increase advantages for large banks, which would exacerbate the problem of lenders being deemed too big to fail, and the U.S. guarantee must serve the entire primary market, she said.

    I am not finding anywhere that she is suggesting that people should save their money and wait until they can afford a home before they buy one. I can applaud better verification on ability to pay, if I could just shake the idea that she interprets 'ability to pay' meaning determining whether they qualify for federal guarantees. Seems to me that her idea for regulation reform is to make sure the 'risky loans' are fully backed by the federal government.

    If I am shown to be wrong about that, I'll fess up that I was wrong. But I have seen nothing in Warren's general point of view or philosophy that gives me much confidence that she means anything else.
    "I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it." --Benjamin Franklin 1776

  7. #187
    Banned
    Join Date
    Apr 2013
    Last Seen
    05-04-15 @ 04:39 PM
    Lean
    Very Liberal
    Posts
    2,422

    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by AlbqOwl View Post
    Others have already hit on the finer points. But it seems to me that Warren wants the federal government to take over all the financial industry--she calls it streamlining regulation--and exercise an iron fist on how banking and financial institutions shall be run. But to the best of my knowledge, she has not suggested reinstituting the sensible and necessary regulations that allow and encourage banks to refuse high risk loans or implementing practices that discourage risky behavior.
    "necessary regulations that allow and encourage banks to refuse high risk loans or implementing practices that discourage risky behavior."

    LOL

    It is clear to anyone who has studied the financial crisis of 2008 that the private sector’s drive for short-term profit was behind it.

    Lest We Forget: Why We Had A Financial Crisis - Forbes


    Examining the big lie: How the facts of the economic crisis stack up


    Private lenders not subject to congressional regulations collapsed lending standards.
    Examining the big lie: How the facts of the economic crisis stack up | The Big Picture


    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

  8. #188
    Banned
    Join Date
    Apr 2013
    Last Seen
    05-04-15 @ 04:39 PM
    Lean
    Very Liberal
    Posts
    2,422

    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by AlbqOwl View Post
    Except that deregulation has been a long process not restricted to the 80's. In the crash that ushered in the Great Depression, all banks closed for I believe four days. Some 4,000 or so of them never reopened. Glass-Steagall passed roughly at the end of the Great Depression imposed some necessary regulatory protections for both banks and consumers alike. Otherwise banking laws were pretty well governed by state, not federal laws.

    Then in the 1970's, in the Marquette Decision, SCOTUS ruled that banks could export interest rates into other states which ushered in the 'big bank' area as banks scrambled to set up branches in various states. This began the deregulation of state interest/usury laws. And Carter's CRA turned the focus on finding ways for low income people to buy their own homes.

    In 1980, the Depository Monetary Control Act did away with state caps on interest rates for mortgages et al, and that began the slow spiral into higher risk loans. With federal backing taking on much of the risk, banks could make more money making riskier loans at higher interest rates.

    The Alternative Mortgage Transactions Parity Act of 1982 allowed lenders to get away from fixed-rate amortization loans and go to adjustable rates, balloon payments, interest-only loans. With the option to underpay substantially for several years, borrowers were encouraged to take on debt they really couldn't easily afford.

    The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 pretty well trashed all state barriers to interstate banking and the 'too big to fail' mega bank was able to start crowding out the little guys.

    The Gramm-Leach-Bliley Act of 1999 repealed most of Glass-Steagall that removed all previous barriers to banks, insurance companies, and investment companies collaborating to put together complicated packages for loans and bundling of loans sold as investments which culminated in the next massive crash of 2008.

    And from President Carter's administration through the present day, there has been a push, coupled with relaxed banking regulation, to make very unwise loans to the 'poor'--this wasn't much of a problem until the Clinton administration that began to aggressively pursue this and nothing was done to slow it down in the Bush Congress despite some 17 different warnings from his administration that trouble was developing. And when the defaults began occurring en masse, THAT is what caused the whole thing to crash as it did in 2008.

    The History of Bank Deregulation | eHow

    Now we have Elizabeth Warren who wants to 'streamline' banking regulations but does not oppose any of the policies that actually created the problems with loans in default. And we have Hillary Clinton who understands the banking system not at all, so far as I can tell, and probably doesn't even know how to write a check herself.
    +

    You'll hang onto the MYTH that the subprime crisis was ANYTHING other than Bush ignoring regulator warnings that started in 2004 (like Reagan did with the S&L crisis that had begun in 1984)? Weird


    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


    Strong opposition by the Bush administration forced a top Republican congressman to delay a vote on a bill that would create a new regulator for mortgage giants Fannie Mae and Freddie Mac.

    Oxley pulls Fannie, Freddie bill under heat from Bush - MarketWatch



    STATEMENT OF ADMINISTRATION POLICY

    The Administration strongly believes that the housing GSEs should be focused on their core housing mission, particularly with respect to low-income Americans and first-time homebuyers. Instead, provisions of H.R. 1461 that expand mortgage purchasing authority would lessen the housing GSEs' commitment to low-income homebuyers.

    George W. Bush: Statement of Administration Policy: H.R. 1461 - Federal Housing Finance Reform Act of 2005

    Yes, he said he was against it because it "would lessen the housing GSEs' commitment to low-income homebuyers".


    Bush talked about reform. He talked and he talked. And then he stopped reform



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


    June 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


    ANYTHING OTHER THAN PEOPLE SEEING BUSH IGNORING REGULATOR WARNINGS AND PUSHED HIS REGULATORS TO IGNORE THE WARNINGS IS JUST DISHONEST

  9. #189
    Chews the Cud
    Amadeus's Avatar
    Join Date
    Apr 2013
    Location
    Benghazi
    Last Seen
    @
    Gender
    Lean
    Very Liberal
    Posts
    6,081

    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by AlbqOwl View Post
    I am not finding anywhere that she is suggesting that people should save their money and wait until they can afford a home before they buy one.
    Ideally, a bank or lender should advise borrows of the risks of the loan they're taking, not prey upon their ignorance and suck them into an inescapable situation. It's not Warren's job to tell people how to spend or save their money.

  10. #190
    Sage

    Join Date
    Jan 2013
    Last Seen
    Today @ 10:58 AM
    Gender
    Lean
    Undisclosed
    Posts
    18,298

    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by shrubnose View Post
    Right, but she is kind of a new face.
    Clinton has been there forever.
    And may be there a while longer.
    And what is Hillary's skillset?
    And be forewarned, depending on what you answer, the next question would be what are her accomplishments?

Page 19 of 42 FirstFirst ... 9171819202129 ... 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
  •