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

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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. #281
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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by dad2three2001 View Post
    First YOUR premise was Bush went to Congress 17 times to reform F/F. Weird how the GOP Congress didn't take HIM seriously? AS he pushed F/F into purchasing $440 BILLION in MBS''s to meet his goals, starting in 2004

    Want to give me the link to the "Bloomberg Market article". YOU TALKING KEVIN HAZLET'S BUSH ISN'T GUILTY THING? The guy from AEI who like the rest of AEI, has been jumping through hoops to lie?

    YOUR NEW LINK, NYT? CRA. Had ZERO to do with Bush's subprime crisis. Only 6% of ALL loans 2004-2008 were done by banks even under CRA requirements, NOT that they were even done for CRA purposes, lol



    Most subprime lenders weren't subject to federal lending law

    Community Reinvestment Act, blamed for home market crash, didn't apply to the banks that did the most lending.

    BANKSTER:

    Bob Davis, executive vice president of the American Bankers Association, which lobbies Congress to streamline community reinvestment rules, said "it just isn't credible" to blame the law CRA for the crisis.

    "Institutions that are subject to CRA - that is, banks and savings asociations - were largely not involved in subprime lending," Davis said. "The bulk of the loans came through a channel that was not subject to CRA."

    Most subprime lenders weren't subject to federal lending law - The Orange County Register

    NOW let's get back to FACYS

    Clinton huh?

    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


    "(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://www.prmia.org/sites/default/f..._090911_v2.pdf


    The American mortgage market was about $500 billion in 1990. During the 1990s, it went up to nearly $1 trillion in 1993, peaked in 1998 at around $1.5 trillion. In 2000, it stood at $1 trillion a year. The real surge in the mortgage market began in 2001 (the year of the stock market crash). From 2000 -2004, residential originations the U.S. climbed from about $1trillion to almost $4 trillion.

    About 70% of this rise was accounted for by people refinancing their conventional mortgages at lower interest rates

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


    CLINTON? LOL


    US HOUSEHOLD DEBT DOUBLED UNDER BUSH. GET HONEST, JUST ONCE

    Everything else you posit is just right wing nonsense!
    Yes, I can google stuff too and can come up with link after link blaming just about anybody under the sun that anybody wants to blame for just about anything. Please understand that I know you think you're being sincere and honest. I believe I am too. And I just plain don't have the interest in a 'blame Bush' partisan food fight and the battle of the links is really REALLY boring to me. So let's just agree to disagree okay? If you should like to actually discuss the topic, I'm up for that.
    "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

  2. #282
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    Re: Elizabeth Warren vs. Hillary Clinton

    Myth No. 2: Dodd-Frank hurts small businesses and community banks.


    The purpose of the law is to regulate the largest Wall Street firms, the ones most responsible for the crisis. Small banks were victims of the crisis, with hundreds failing because of big banks. Dodd-Frank will actually bring about lower deposit insurance premiums for community banks and will allow them to continue to work with their existing regulators.

    Dispelling Myths of Dodd-Frank Financial Reform Legislation



    Dodd-Frank doesn’t hurt small banks, says Treasury Department

    “Community banks can make the argument that they don’t put our nation’s economy at stake,” Cam Fine, president and CEO of the Independent Community Bankers of America, told POLITICO earlier this year. “Before the crisis, a bank was a bank was a bank. Regulations were applied evenly across the board, no matter what your size or risk was.”

    Dodd-Frank doesn


    Myth No. 2: Dodd-Frank hurts small businesses and community banks.

    The law is squarely aimed at better regulating the largest and most complex Wall Street firms, the ones that were most responsible for the crisis and still present the most risk.

    Small community banks were victims of the crisis, with hundreds failing as a result of the big banks' risky gambles. That's why they came to Congress and asked us to modernize and strengthen financial regulations, leveling the playing field against the shadow banking industry, entities such as payday lenders and mortgage brokers that had been created to avoid regulation.


    Many community banks are concerned that regulators such as the FDIC have become overzealous. But that is a product of the post-crisis environment and not a result of this law, which, by design, will help community banks continue to serve as a lifeline to small businesses.

    Dodd: Deepening economic crisis and other myths about Dodd-Frank | www.statesman.com

  3. #283
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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by Ockham View Post
    I'll take Amnesia 2008-2016 please. The Bush years are actually looking pretty good right about now.
    I love it when a post makes me laugh out loud.

  4. #284
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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by dad2three2001 View Post
    Myth No. 2: Dodd-Frank hurts small businesses and community banks.


    The purpose of the law is to regulate the largest Wall Street firms, the ones most responsible for the crisis. Small banks were victims of the crisis, with hundreds failing because of big banks. Dodd-Frank will actually bring about lower deposit insurance premiums for community banks and will allow them to continue to work with their existing regulators.

    Dispelling Myths of Dodd-Frank Financial Reform Legislation



    Dodd-Frank doesn’t hurt small banks, says Treasury Department

    “Community banks can make the argument that they don’t put our nation’s economy at stake,” Cam Fine, president and CEO of the Independent Community Bankers of America, told POLITICO earlier this year. “Before the crisis, a bank was a bank was a bank. Regulations were applied evenly across the board, no matter what your size or risk was.”

    Dodd-Frank doesn


    Myth No. 2: Dodd-Frank hurts small businesses and community banks.

    The law is squarely aimed at better regulating the largest and most complex Wall Street firms, the ones that were most responsible for the crisis and still present the most risk.

    Small community banks were victims of the crisis, with hundreds failing as a result of the big banks' risky gambles. That's why they came to Congress and asked us to modernize and strengthen financial regulations, leveling the playing field against the shadow banking industry, entities such as payday lenders and mortgage brokers that had been created to avoid regulation.


    Many community banks are concerned that regulators such as the FDIC have become overzealous. But that is a product of the post-crisis environment and not a result of this law, which, by design, will help community banks continue to serve as a lifeline to small businesses.

    Dodd: Deepening economic crisis and other myths about Dodd-Frank | www.statesman.com
    You read all of my links in record time.

    Payday lenders and mortgage brokers have nothing to do with what I'm posting about.

    By the way, you do know, or maybe you don't, that the first link (dismissing all those "myths") was to an interview with Chris Dodd, who authored Dodd-Frank. You think he's going to say "Yes my law will kill the small banks and help the big banks"? Funny. Here, you can read the words of the utterly impartial Dodd in full here:

    Dodd: Deepening economic crisis and other myths about Dodd-Frank | www.statesman.com

    By the way, the Politico link was from 2011 and was quoting the Treasury Department. That was 3 years ago. The CFPB was barely in existence then.

  5. #285
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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by AlbqOwl View Post
    Yes, I can google stuff too and can come up with link after link blaming just about anybody under the sun that anybody wants to blame for just about anything. Please understand that I know you think you're being sincere and honest. I believe I am too. And I just plain don't have the interest in a 'blame Bush' partisan food fight and the battle of the links is really REALLY boring to me. So let's just agree to disagree okay? If you should like to actually discuss the topic, I'm up for that.

    First, I i don't believe YOU are being sincere or honest. Really simple, despite right wing MYTHS that it was Carter, CRA, Clinton, Barney, Dems fault on the Bush subprime crisis, IT WAS A BUSH REGULATOR FAILURE THAT HAPPENED, AS HE WAS THE MAIN CHEERLEADER FOR THE BANKSTERS, GUTTING REGULATORS AFTER BEING WARNED STARTING IN 2004 BY THE FBI!


    Why? He had zero growth without it.

    Next time instead of TRYING the lame excuse of trying to fit Clinton, Barney or the Dems in YOUR false narrative, think twice

    Warren, wants to reign in to big to fail. CONservatives/Libertarians, not so much. Pretty simple really. After the 4th Bankster bailout since the first GOP great depression, they still have 'faith' their ideology will win over history!

  6. #286
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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by Ockham View Post
    I'll take Amnesia 2008-2016 please. The Bush years are actually looking pretty good right about now.
    Everything looks good when you're not making any of the sacrifices.

  7. #287
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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by tres borrachos View Post
    Your home being underwater is only a problem if you intend to sell it. Most of the people whose home values plummeted after they bought at the top of the market but had conventional mortgages are still paying them as agreed. Nobody loses his or her home because the house is underwater. It's because the person took a mortgage he never should have had to begin with in order to live in a home he should never be living in.
    Well said! The sad thing is that many were encouraged to do! Proof that many don't think for themselves any more, but rely on others who don't care about them at all! :

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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by tres borrachos View Post
    You read all of my links in record time.

    Payday lenders and mortgage brokers have nothing to do with what I'm posting about.

    By the way, you do know, or maybe you don't, that the first link (dismissing all those "myths") was to an interview with Chris Dodd, who authored Dodd-Frank. You think he's going to say "Yes my law will kill the small banks and help the big banks"? Funny. Here, you can read the words of the utterly impartial Dodd in full here:

    Dodd: Deepening economic crisis and other myths about Dodd-Frank | www.statesman.com

    I've read the garbage before. It's AEI, CATO, Heritage, etc talking points devoid of TRUTH

    I know, let's trust right wingers who blame Bush crisis on poor people and forget their entire history from 1994-2007 on what was tied to the crisis...

  9. #289
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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by tres borrachos View Post
    Your home being underwater is only a problem if you intend to sell it. Most of the people whose home values plummeted after they bought at the top of the market but had conventional mortgages are still paying them as agreed. Nobody loses his or her home because the house is underwater. It's because the person took a mortgage he never should have had to begin with in order to live in a home he should never be living in.


    Wrong It's because a Bankster GAVE a mortgage to unqualified buyers that the persons lost their homes!

  10. #290
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    Re: Elizabeth Warren vs. Hillary Clinton

    Quote Originally Posted by tres borrachos View Post
    Your home being underwater is only a problem if you intend to sell it. Most of the people whose home values plummeted after they bought at the top of the market but had conventional mortgages are still paying them as agreed. Nobody loses his or her home because the house is underwater. It's because the person took a mortgage he never should have had to begin with in order to live in a home he should never be living in.
    Agreed, but in our highly mobile society and an iffy jobs market requiring many to relocate, that became a serious problem for a huge number of people. For many of those in the middle class, the lure of easy credit and low interest rates was too much to resist and they bought more house than they could comfortably afford after the crash when jobs were scarce, wages stagnant, and inflation kept marching right along. So many in the middle class did get hurt and there were defaults in the middle class too when jobs went away and they simply had nowhere to turn to keep up those mortgage payments. I know three different families, all salt of the earth types who had never defaulted on a debt EVER until the housing crash followed by the crappy economy we have had for the last six years. And all three finally just couldn't make it and lost those homes along with their equity and their stellar credit ratings. It was heart breaking.

    I have simply seen nothing in Warren's theories about financial institution reform that would address those problems in any way.
    "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

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