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U.S. Jobless Rate Unexpectedly Declines to 8.6%

Sheik Yerbuti said:
Feigning experience you think you have over me doesn't make it any less crazy. :roll:
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So governments are not important as to where you invest your money?

I´ll bow to your experience in property development, though Ive certainly experienced otherwise.
 
Conservative said:
You will find a lot of Americans that really don't appreciate what they have and ignore people like you looking from the outside in. When they lose what they have then watch them complain. I value your opinion and all others from foreign countries that realize the opportunities here. Too bad liberals don't
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Canadians learned their lesson in the 90´s and we've managed to turn the situation around. I certainly hope the same for the United States. It´s hard to believe that with the obvious failures of left wing governments all over the world that this is happening to the world´s leading democracy.
 
Grant said:
I´ve made a fair amount of money in real estate development and government is always one of the factors but I don´t expect you to know that if. like Barrack Obama, you are not an experienced investor.
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Hopefully the last president scared you enough to stay out of the market.
 
For those who continue to peddle nonsense regarding the CRA:
 

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Grant said:
So governments are not important as to where you invest your money?

I´ll bow to your experience in property development, though Ive certainly experienced otherwise.
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Governments which have (comparatively) yields on public debt are deemed by market participants as the most stable. What, besides not adhering to your ideology, makes you believe the United States is an unstable nation?
 
Goldenboy219 said:
Governments which have (comparatively) yields on public debt are deemed by market participants as the most stable. What, besides not adhering to your ideology, makes you believe the United States is an unstable nation?
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If history teaches us anything it's that the US is where investors run to when the **** hits the fan.
 
The Barbarian said:
Because some of them are as big of political hacks as you ..... so I guess in your "opinion" the housing bubble didn't start until Bush took office .. and the housing bubble only existed from 2001 to 2006 ??
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That is my opinion. My opinion is that there was a housing boom when Bush took over and that Bush pushed the pedal to the metal with his minority homeownerhip program and turned that boom into a bubble.
 
AdamT said:
If history teaches us anything it's that the US is where investors run to when the **** hits the fan.
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The dollar and yen are often considered safe haven currencies, although a great deal of yen demand is attributable to internal (as inside the nation of Japan) factors, whereas dollar demand is the result of low savings rates (which creates external demand).
 
Sheik Yerbuti said:
That is my opinion. My opinion is that there was a housing boom when Bush took over and that Bush pushed the pedal to the metal with his minority homeownerhip program and turned that boom into a bubble.
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Two words for what turned it into a bubble: tax ... cuts.

Historically, when you see large tax cuts an asset bubble isn't far behind.

That and deregulation.
 
AdamT said:
Two words for what turned it into a bubble: tax ... cuts.

Historically, when you see large tax cuts an asset bubble isn't far behind.

That and deregulation.
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Tax cuts absent of spending reductions have the tendency to increase the demand for financial services, a.k.a. where the **** do i put all this money?!?!?!
 
Sheik Yerbuti said:
Why do you think righties blame Barney Frank?

The Barbarian said:
Because some of them are as big of political hacks as you .....
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Since you have blamed Barney Frank in the past, by your own standard, I guess that makes you as big of a political hack as you think I am...


"You also ignore that twice since 2003 bills to look closer into Fanny and Freddie, were filibustered by Democrats, or that as late as 2006 Barney Frank and Obama was backing him, that there was no need to look closely into what Fannie and Freddie were doing." ~ The Barbarian​
 
Sheik Yerbuti said:
That is my opinion. My opinion is that there was a housing boom when Bush took over and that Bush pushed the pedal to the metal with his minority homeownerhip program and turned that boom into a bubble.
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Yes, indeed he did.

 
Goldenboy219 said:
For those who continue to peddle nonsense regarding the CRA:
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The housing bubble was caused by a multitude of things was the CRA one of those things, only a fool would say no, granted they didn't “force” banks to make questionable loans, but they were capable of applying enough pressure that it was much easier on banks to go along with what they wanted then it was to fight it. That is the simple truth.

The bubble began with Carter and the *the*Housing*and Community Development*Act it was surely helped along by the repeal of Glass-Steagall that was signed by Clinton and written and passed by a Republican controlled senate and house. Bush signed the Bush*Signs American Dream Downpayment*Act*·* which further pushed things along .. I'm sure there are more things but these are just a few that shows “both” parties had a hand in forming and encouraging the bubble.

Could anything have been done … in my opinion no …. and I say this because of not the parties but because we as the people of this country would have destroyed any politician that would have put any serious effort into doing so. Times were good … you could buy a home with no money down, the payments could amount to 50% or more of your income. Everyone dreams of owning their own home, in good times trying to restrict home ownership would have been political suicide
 
Sheik Yerbuti said:
Indeed, indeed. :cool:
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you guys get funnier all the time ... that bill passed in 2004 ... so now you political hacks .. put the housing bubble as a 2 year program ?? 2004 to 2006 ? Then in the next breath both of you have said that by the time Democrats took control of the senate and the house .. it was too late to do anything ?? In two years ... then couldn't undo the problem created that had only be going on for two years ???
 
Sheik Yerbuti said:
Since you have blamed Barney Frank in the past, by your own standard, I guess that makes you as big of a political hack as you think I am...


"You also ignore that twice since 2003 bills to look closer into Fanny and Freddie, were filibustered by Democrats, or that as late as 2006 Barney Frank and Obama was backing him, that there was no need to look closely into what Fannie and Freddie were doing." ~ The Barbarian​
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And that response was, I'm sure, one of your posts that blamed only republicans for our woes .. but do you deny that part of My post ?? Were there two bills that were fillbustered by Dem's ? Was gay Barney telling the American people that fannie and freddie were solid ?
 
The Barbarian said:
The housing bubble was caused by a multitude of things was the CRA one of those things, only a fool would say no, granted they didn't “force” banks to make questionable loans, but they were capable of applying enough pressure that it was much easier on banks to go along with what they wanted then it was to fight it. That is the simple truth.
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No; that is simple bull****! If this was the case, we would see that CRA mandated loans represented the single largest default class and/or CRA mandated loans were the most likely to be packaged into a jumbo security and sold off to unsuspecting investors.

Since neither of these are true, your little theory is just as false.
 
The Barbarian said:
Was gay Barney telling the American people that fannie and freddie were solid ?
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Fannie and Freddie are in the business of purchasing AAA rated paper. When mortgage securities are mis-categorized as low risk debt, Fannie and Freddie are really not that solid. As far as i know, nobody was aware of the fraudulent securitization practices until it was too late.
 
Goldenboy219 said:
Fannie and Freddie are in the business of purchasing AAA rated paper. When mortgage securities are mis-categorized as low risk debt, Fannie and Freddie are really not that solid. As far as i know, nobody was aware of the fraudulent securitization practices until it was too late.
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Then maybe we need to elect smarter politicians then what we do now ... on both sides .. but if "no one" was aware of it until it was too late .... then I guess there is "no one" to blame right ?
 
Goldenboy219 said:
No; that is simple bull****! If this was the case, we would see that CRA mandated loans represented the single largest default class and/or CRA mandated loans were the most likely to be packaged into a jumbo security and sold off to unsuspecting investors.

Since neither of these are true, your little theory is just as false.
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Where in my post did you see me say that CRA mandated anything? Or are you just making things up to back your position? in fact I even said "granted they didn't “force” banks to make questionable loans,"
 
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Sheik Yerbuti said:
Well if nothing else, you prove you have no idea what you're talking about.
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yeah you're right .. it wasn't a bill ..

1/20/2004
Bush seeks to increase minority homeownership
By Thomas A. Fogarty, USA TODAY
In a bid to boost minority homeownership, President Bush will ask Congress for authority to eliminate the down-payment requirement for Federal Housing Administration loans.
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But it doesn't change anything does it .. you liberals now have it down to a two year bubble .
 
The Barbarian said:
The housing bubble was caused by a multitude of things was the CRA one of those things, only a fool would say no, granted they didn't “force” banks to make questionable loans, but they were capable of applying enough pressure that it was much easier on banks to go along with what they wanted then it was to fight it. That is the simple truth.

The bubble began with Carter and the *the*Housing*and Community Development*Act it was surely helped along by the repeal of Glass-Steagall that was signed by Clinton and written and passed by a Republican controlled senate and house. Bush signed the Bush*Signs American Dream Downpayment*Act*·* which further pushed things along .. I'm sure there are more things but these are just a few that shows “both” parties had a hand in forming and encouraging the bubble.

Could anything have been done … in my opinion no …. and I say this because of not the parties but because we as the people of this country would have destroyed any politician that would have put any serious effort into doing so. Times were good … you could buy a home with no money down, the payments could amount to 50% or more of your income. Everyone dreams of owning their own home, in good times trying to restrict home ownership would have been political suicide
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The bubble did not begin under Carter, that is delirious on its face.
 
The Barbarian said:
Where in my post did you see me say that CRA mandated anything? Or are you just making things up to back your position? in fact I even said "granted they didn't “force” banks to make questionable loans,"
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It looks as though there is some confusion with my use of the word "mandated". A CRA mandated loan is a loan that falls under the category of a CRA bank. My apologies.
 
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