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"It's not going to end Well "

Notice how I proved what fenton asked for and not so surprisingly he wants to post 10,000 word about anything but that. you asked for me to prove that Clinton ‘reined’ in Freddie and Fannie. You wanted “not (my) words, facts and evidence”. I’ve done that. So of course you want to change subject. Please acknowledge that Clinton ‘reined in Freddie and Fannies’ subprime purchases and Bush ‘un reined’ them in.

150,000 ?!!! OMG...

And you keep ignoring why I posted Bush’s 2004 FHA policy. Previously you claimed Bush tried to raise “down payment requirements”. Of course you only used your words, no facts, no evidence. I posted Bush’s policy of lowering downpaymet requirements. So I disputed your factless rhetoric with Bush’s actual policy. You dismissing it as only 150,000 new home buyers also overlooks the fact that Bush’s policies (policies, plural) created homeowners out of people who normally would not have been able to buy a home, hence a bubble.

And Fenton, everything you posted was garbage. You made it all up. You absolutely cannot make a clear, intelligent or factual argument that bush encouraged funded and protected the bush mortgage bubble that started in late 2004. Now fenton , using “not your words, facts and evidence. “ show where the CRA was extended to Non banks by 111th congress.

I'll wait.
 
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Notice how I proved what fenton asked for and
not so surprisingly he wants to post 10,000 word about anything but that. you asked for me to prove that Clinton ‘reined’ in Freddie and Fannie. You wanted “not (my) words, facts and evidence”. I’ve done that. So of course you want to change subject. Please acknowledge that Clinton ‘reined in Freddie and Fannies’ subprime purchases and Bush ‘un reined’ them in.



And you keep ignoring why I posted Bush’s 2004 FHA policy. Previously you claimed Bush tried to raise “down payment requirements”. Of course you only used your words, no facts, no evidence. I posted Bush’s policy of lowering downpaymet requirements. So I disputed your factless rhetoric with Bush’s actual policy. You dismissing it as only 150,000 new home buyers also overlooks the fact that Bush’s policies (policies, plural) created homeowners out of people who normally would not have been able to buy a home, hence a bubble.

And Fenton, everything you posted was garbage. You made it all up. You absolutely cannot make a clear, intelligent or factual argument that bush encouraged funded and protected the bush mortgage bubble that started in late 2004. Now fenton , using “not your words, facts and evidence. “ show where the CRA was extended to Non banks by 111th congress.

I'll wait.

Yes, facts and proven data that include actual politicians, Acts, Dates, Laws and their meanings are " garbage " to you.

We got that already vern. You need a scape goat for your failed ideology and your bumpersticker rebuts aren't convincing anyone.

You seem flustered. Care for me to add more about Barney Franks and Clintons direct influences on the sub-prime collapse ?

Years before Bush was elected ? What was it ? The 111 th Congress that got you riled up ?

Iv'e got plenty on info
 
Notice how I proved what fenton asked for and
not so surprisingly he wants to post
10,000 word about anything but that. you asked for me to prove that Clinton ‘reined’ in Freddie and Fannie. You wanted “not (my) words, facts and evidence”. I’ve done that. So of course you want to change subject. Please acknowledge that Clinton ‘reined in Freddie and Fannies’ subprime purchases and Bush ‘un reined’ them in.



And you keep ignoring why I posted Bush’s 2004 FHA policy. Previously you claimed Bush tried to raise “down payment requirements”. Of course you only used your words, no facts, no evidence. I posted Bush’s policy of lowering downpaymet requirements. So I disputed your factless rhetoric with Bush’s actual policy. You dismissing it as only 150,000 new home buyers also overlooks the fact that Bush’s policies (policies, plural) created homeowners out of people who normally would not have been able to buy a home, hence a bubble.

And Fenton, everything you posted was garbage. You made it all up. You absolutely cannot make a clear, intelligent or factual argument that bush encouraged funded and protected the bush mortgage bubble that started in late 2004. Now fenton , using “not your words, facts and evidence. “ show where the CRA was extended to Non banks by 111th congress.

I'll wait.

Yes, facts and proven data that include actual politicians, Acts, Dates, Laws and their meanings are " garbage " to you.

We got that already vern. You need a scape goat for your failed ideology and your bumpersticker rebuts aren't convincing anyone.

You seem flustered. Care for me to add more about Barney Franks and Clintons direct influences on the sub-prime collapse ?

Years before Bush was elected ? What was it ? The 111 th Congress that got you riled up ?

Iv'e got plenty on info on those clowns pertaining to the collapse.

Here's your readoning on the sub-prime.

The democrats designed the bus ( pooorly ), built the bus, drove it for 8 years as it started to fall apart from their innate corruption they passed it off to Bush.

And the Bush crashed. Who do you blame ? Bush. The guy that wanted to take the Bus in for very needed repairs but was held back by the corrupt Democrat Mechanic.

Ive proved this over and over, and youve replied with your bumper sticker rebut, much to my amusement.

Keep going, dig that hole deeper and deeper.
 
whats that behind the curtain? is that the Bush Mortgage Bubble and subsequent Bush Financial Crisis? yea, destroying the economy of America and causing the first world wide recession in 30 years doesnt mean anything.

nothing to see here.


Is it hard to ignore the 30+ years of mortgage legislature that influenced the bubble in order to attribute it to Bush, or do you just sort of close your eyes, cover your ears, and sing, "lalalalalala" when it's mentioned?
 
Population has grown from "then" until "now" as well, which needs to be taken in to consideration.
 
With interest and bond rates virtually zero, there is no better place to park money now (and there's lots of it out there) than in stocks of companies with strong balance sheets, lots of money in the bank, and poised to take advantage of things when Obama is finally gone. With Obama in office, the Dow is likely to reach that 20,000 mark, and all the Democrats will think it's because of Obama and they'll be right, but not for the reasons they think.

You just can't wait for Hillary huh. I agree. Another Clinton in the Whitehouse will be good for business.
 
Is it hard to ignore the 30+ years of mortgage legislature that influenced
the bubble in order to attribute it to Bush, or do you just sort of close your eyes, cover your ears, and sing, "lalalalalala" when it's mentioned?

Before he does that he says " Nuh-Uhhh.. " 4 or 5 times.
 
Yes, facts and proven data that include actual politicians, Acts, Dates, Laws and their meanings are " garbage " to you.

We got that already vern. You need a scape goat for your failed ideology and your bumpersticker rebuts aren't convincing anyone.

You seem flustered. Care for me to add more about Barney Franks and Clintons direct influences on the sub-prime collapse ?

Years before Bush was elected ? What was it ? The 111 th Congress that got you riled up ?

Iv'e got plenty on info on those clowns pertaining to the collapse.

Here's your readoning on the sub-prime.

The democrats designed the bus ( pooorly ), built the bus, drove it for 8 years as it started to fall apart from their innate corruption they passed it off to Bush.

And the Bush crashed. Who do you blame ? Bush. The guy that wanted to take the Bus in for very needed repairs but was held back by the corrupt Democrat Mechanic.

Ive proved this over and over, and youve replied with your bumper sticker rebut, much to my amusement.

Keep going, dig that hole deeper and deeper.

How could you EVER prove that Democrats "held back" reforms when Republicans had all the power for the ENTIRE Housing bubble? Your arguments are ridiculous. Stop making fool of yourself.
 
Is it hard to ignore the 30+ years of mortgage legislature that influenced the bubble in order to attribute it to Bush, or do you just sort of close your eyes, cover your ears, and sing, "lalalalalala" when it's mentioned?

No. I read the President's Working Group on Financial Markets (this is from 2008 so it was Bush's President's Working Group on Financial Markets). They said it started late 2004 when banks lowered their lending standards. But I dont have to just rely on that. I can show you the 300 % rise in subprime starting 2004 to 40 % of all mortgages in 2006. I can show you more than 1000 % rise in No Doc loans that were 4.3 % in 2004 and over 50 % in 2006. I can show you the Bush policies and statements that encouraged funded and protected the Bush Mortgage bubble. (all from 2004). Bush's regulators not only didnt try to stop it, they attacked state regulators who did.

Here's Bush's working group. They tell you when it started but they leave out the part about bush's regulators letting it happen. The conservative editorials that you read tell you it was everybody but bush but they dont tell you these things.

http://www.treasury.gov/resource-center/fin-mkts/Documents/q4progress update.pdf

the President’s Working Group on Financial Markets October 2008

The Presidents Working Group’s March policy statement acknowledged that 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.

so any theory you have about something from 1864, 1977, 1992, 1999, or 2000 causing the Bush Mortgage Bubble has to explain how it let banks lower their standards and stopped Bush's regulators from stopping it.

and notice how fenton acts confused (if it is an act) and doesnt back up anything he says. And fenton, add the "29 million subprime loans in 2008" to the list of things you have to prove.
 
hey remember when you thought Bush tried to stop the bubble. I know Fenton remembers because he still believes it. The question is why did banks think they could lower their standards and get away with it? they did lower their standards and get away with it but why did they think they could.

Bush Ties Policy to Record Home Ownership | Fox News

Bush Ties Policy to Record Home Ownership

We want more people owning their own home in America," Bush said. His goal is to have 5.5 million minority homeowners in the country by the end of the decade....

And while Bush has emphasized promoting home ownership in his federal housing policy proposals, critics say that help for low-income renters and more affordable housing is a much more sorely needed focus.

( the really funny thing is the 'critics' are barney frank)
 
How could you EVER prove that Democrats "held back" reforms when Republicans
had all the power for the ENTIRE Housing bubble? Your arguments are ridiculous. Stop making fool of yourself.

2005 Housing Regulatory Reform. Explain what happened to it in detail.

Bush started investigating Fannie and Freddie immediately, uncovered corruption and false reporting of the GSEs earnings by Clinton appointee.

Exain what Fannie and Freddie are Iggy, and who stocked them with his own appointees from 1993 to 1998.

In 2003 Bush tried to create a regulatory reform board over the GSEs. Who objected ?

Who gave HUD top regulatory powers over the GSEs in the 90s and mandated they start buying up low quality loans ?

There are currently 2 people here making fools of their selves, and I'm not one of them.
 
2005 Housing Regulatory Reform. Explain what happened to it in detail.

thats what makes fenton such a conservative. He knows what happened to 2005 Housing Regulatory Reform. It passed committee and Republican Senate Leader frist killed it. Previously fenton thought democrats killed it in committe thus it was their fault. I proved it passed committee and Republican Senate Frist killed it but strangely his new 'argument' didnt blame Frist. His new delusion was that Frist needed 60 votes to pass it. I also showed him President Bush attacking it and Republican Chairman of the House Financial Services committee Mike Oxley blaming Bush.

previously fenton thought Bush tried to stop the bubble. He previously thought democrats controlled congress. He previously thought Bush tried to lower downpayment requirements. And these are just the ones I can think of.

now fenton I asked you to back up this nonsense.

There were 29 million sub-prime loans in the US by 2008 and over 70% wound up on the books of Fannie and Freddie.


Remember CRA was extended to all " US Nonbank financial companies " in the 111th Congress and targets were set for CRA complaince.
Quit embarrasing yourself

using not your words but facts and evidence, back it up.
 
Who gave HUD top regulatory powers over the GSEs in the 90s and mandated they start buying up low quality loans ?

oh and fenton used to say "in 1992" then I pointed out Bush I was president. Now its "in the nineties"
 
2005 Housing Regulatory Reform. Explain what happened to it in detail.

Bush started investigating Fannie and Freddie immediately, uncovered corruption and false reporting of the GSEs earnings by Clinton appointee.

Exain what Fannie and Freddie are Iggy, and who stocked them with his own appointees from 1993 to 1998.

In 2003 Bush tried to create a regulatory reform board over the GSEs. Who objected ?

Who gave HUD top regulatory powers over the GSEs in the 90s and mandated they start buying up low quality loans ?


G.W. Bush?

And so, therefore, I've called -- yesterday, I called upon the private sector to help us and help the home buyers. We need more capital in the private markets for first-time, low-income buyers. And I'm proud to report that Fannie Mae has heard the call and, as I understand, it's about $440 billion over a period of time. They've used their influence to create that much capital available for the type of home buyer we're talking about here. It's in their charter; it NOW needs to be implemented. Freddie Mac is interested in helping. I appreciate both of those agencies providing the underpinnings of good capital.
HUD Archives: President George W. Bush Speaks to HUD Employees on National Homeownership Month (6/18/02)

Oh, I almost forgot... that 2005 reform bill died in the Republican held Committee...Even G.W. said it stunk.

the bill died in a Republican controlled committee and never came to the floor of the Senate or back to the Senate Banking Committee for reconsideration and then...

On May 23, 2006, Fannie and Freddie's regulator, the Office of Federal Housing Enterprise Oversight, issued the results of their 27 month long investigation of Fannie Mae's shenanigans. The report was widely reported and was scathing in its criticism of Fannie Mae. A NYT article is here: Regulators Denounce Fannie Mae. The actual report is here: OFHEO report. Two days later, in an amazing act of prescience, McCain gets up in the Senate and reveals to the unknowing masses that Fannie Mae has problems by regurgitating some findings of the report and signs on as a co-sponsor of S190. Here is a link to the Senate record: McCain sounds the alarm! That's it. That's what all the fuss is about. Nothing else happened with regard to S190 or HR1461. McCain doesn't say anything else.

And for the icing on the cake, HR1461 and S190 would actually weaken the regulation of Fannie and Freddie. Even the conservative think tank American Enterprise Institute thought these were bad bills: Reform That is Worse Than Current Law. Even Bush thought the bills were too weak: Bush says HR1461 too weak..

http://www.dailykos.com/story/2008/09/20/605095/-McCain-s-claim-of-Fannie-Mae-reform
 
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Iguanaman, its even worse than you think. The senate bill passed committee. Senate Leader Frist refused to allow the senate to vote on it. Republican senators begged Frist to allow a vote. Not many people know that because it doesn’t help the message that “democrats blocked it”. Also, Bush attacked the house version of reform. (he didn’t have to attack the senate version because Frist blocked it) Here’s Bush telling you why he didn’t want it

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, Bush was against it because it “would lessen the housing GSEs' commitment to low-income homebuyers. “ Yet another thing never mentioned in conservative ‘editorials’. And its easy to believe when you look at the string of toxic housing policies Bush implemented in 2004 to fund and protect the mortgage bubble.

Here’s republican senators begging Frist to allow the vote

“In the midst of DCI's yearlong effort, Hagel and 25 other Republican senators pleaded unsuccessfully with Senate Majority Leader Bill Frist, R-Tenn., to allow a vote.”


Freddie Mac Tried to Kill Republican Regulatory Bill in 2005 | Fox News
 
Iguanaman, its even worse than you think. The
senate bill passed committee. Senate
Leader Frist refused to allow the
senate to vote on it. Republican senators begged Frist to allow a vote. Not many people know that because it doesn’t help the message that “democrats blocked it”. Also, Bush attacked the house version of reform. (he didn’t have to attack the senate version because Frist blocked it) Here’s Bush telling you why he didn’t want it

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, Bush was against it because it “would lessen the housing GSEs' commitment to low-income homebuyers. “ Yet another thing never mentioned in conservative ‘editorials’. And its easy to believe when you look at the string of toxic housing policies Bush implemented in 2004 to fund and protect the mortgage bubble.

Here’s republican senators begging Frist to allow the vote

“In the midst of DCI's yearlong effort, Hagel and 25 other Republican senators pleaded unsuccessfully with Senate Majority Leader Bill Frist, R-Tenn., to allow a vote.”


Freddie Mac Tried to Kill Republican Regulatory Bill in 2005 | Fox News

LOL...Its even worse than you think. As you two ignore everything that happened under Clinton and under Clinton's appointee Franklin Raines.

1994 The National Homeowners Strategy...was Clinton's baby through and through. You guys igbore Andrew Cuaomo's complcit criminal activity too.

Did you even read that first link Vern ?

Are you kidding me with your BS ?

Youve been arguing with me for days over whether or not Bush tried to reform the GSEs, and you post a quote out of context from a bill that PROVES he was. Good job.

Post the whole HR bill vern, your cherry picking has already caused you much embarassment.

And Iggy ? Your trying to convince HIM ? He as partisan and blind as you are.

And your STILL Confused. HR1461 IS A HOUSE BILL.

McCain's version was a strengthened SENATE version of that house bill.

Post WHY Frist wouldn't allow a vote Vern. Post what happened to it when it was re-submitted.

You just posted proof that GW Bush was trying to reform the GSEs. HR 1461 wouldn't cut it, wouldn't give the Republicans the necessary power to alter the Democrats policies that sunk the economy here and over seas.

You'll never win. Not by lying and posting partial data.

Bush did it ...LOL ! Whats worse is your trying to keep alive this corrupt meme so you can blame Bush for Obama's failures.

Go ahead, brag about your retirement again as the Stock Market is being inflated with printed currency.
 
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oh and fenton used to say "in 1992" then I pointed out Bush I was president.

Now its "in the nineties"

Wrong AGAIN vern.

You said Bush was responsible for The National Home Ownership Strategy.

Made your self look like a fool. Or do I need to re-post it ?
 
Post the whole HR bill vern, your cherry picking has already caused you much embarassment. ….
You'll never win. Not by lying and posting partial data.

first off fenton, I didnt post the HR bill. I posted bush explaining why he didnt like it. Second, I dont post 'partial' data. I make a point and back it with the relevent part of the link and I provide the link. You just repeat lies spin and your own personal delusions.

Read this slowly fenton. You think Bush tried to ‘reform’ the GSEs to prevent the Bush Mortgage Bubble. You can't read that Bush was against reform (his own words) because it “would lessen the housing GSEs' commitment to low-income homebuyers” and say with a straight face that he was trying to ‘prevent a housing bubble’.

Well you can because I’ve posted the Bush policies of forcing GSEs to buy more low income home loans, lowering downpayment requirements to zero, forcing GSEs to buy 340 billion in low income home loans in the secondary market, lifting GSE restrictions on subprime purchases that Clinton put into place, relaxing the net capital rule, PREEMTING ALL STATE LAWS AGAINST PREDATORY LENDING with the explicitly stated purpose of INCREASING SUBPRIME LENDING to name just some of his policies that encouraged, funded and protected the Bush Mortgage Bubble.

Anyhoo, are you ever going to back up the ridiculous statement about “29 million subprime loans in 2008” and the even more ridiculous “ CRA was extended to all non bank companies by the 111th congress"? I know you cant. I have to assume you know you cant because you keep ignoring the question.
 
first off fenton, I didnt post the HR bill. I posted bush explaining why he didnt
like it. Second, I dont post 'partial' data. I make a point and back it with the relevent part of the link and I provide the link. You just repeat lies spin and your own personal delusions.

Read this slowly fenton. You think Bush tried to ‘reform’ the GSEs to prevent the Bush Mortgage Bubble. You can't read that Bush was against reform (his own words) because it “would lessen the housing GSEs' commitment to low-income homebuyers” and say with a straight face that he was trying to ‘prevent a housing bubble’.

Well you can because I’ve posted the Bush policies of forcing GSEs to buy more low income home loans, lowering downpayment requirements to zero, forcing GSEs to buy 340 billion in low income home loans in the secondary market, lifting GSE restrictions on subprime purchases that Clinton put into place, relaxing the net capital rule, PREEMTING ALL STATE LAWS AGAINST PREDATORY LENDING with the explicitly stated purpose of INCREASING SUBPRIME LENDING to name just some of his policies that encouraged, funded and protected the Bush Mortgage Bubble.

Anyhoo, are you ever going to back up the ridiculous statement about “29 million subprime loans in 2008” and the even more ridiculous “ CRA was extended to all non bank companies by the 111th congress"? I know you cant. I have to assume you know you cant because you keep ignoring the question.

Go ahead, post the entire HR bill. Post the list of Democrat dissenters from 2003, 2005 and 2007.

You know the ones who made public statements against reform.

Your assertion of GSE increases has already been exposed as BS. They were under HUD mandate. From The National Homeowners Strategy that YOU said Bush published.

Bush tried to appoint a board to oversea the GSEs in 2003. Who opposed that board ?

From 1999 - 2005 there was a massive increase in crap mortgages bought up by the GSEs.

A quasi private enterprise with government appointees with Fannie way out in the lead. Who appointed the CEO of Fannie vern ?

Who put in place the quotas used to force them to increase their holdings of bad debt. Who signed the bill that allowed then to securitize their bad debt vern ?

You see how ridiculous you sound now right ?

The " Great Bush Recession" ...LOL !!

Look up a paper called " the dissenting opinion" written by Wallison.

You'll find your 111th Congress info right there. He and Pinto know the truth andd he was part of the commision that BSed the American people about the true cause of the collapse.

He was the lone dissenter who was not allowed by the Democrat chair of that committee to get to the truth.
 
Read this slowly fenton.

Are you projecting here? You use this line often, making me think you have difficulty with the written word and found your solution is to read slowly.
 
I can hardly wait until the Liberals start eating their own.
 
From 1999 - 2005 there was a massive increase in crap mortgages bought up by the GSEs.

No fenton, they weren’t ‘crap’ until Bush’s regulators stopped regulating the banks in 2004 and PREEMPTED ALL STATE LAWS AGAINST PREDATORY LENDING with the explicitly stated purpose of INCREASING SUBPRIME LENDING.


You'll find your 111th Congress info right there. He and Pinto know the truth andd he was part of the commision that BSed the American people about the true cause of the collapse.

Oh no you don’t fenton. You made that ludicrous claim that the “111th congress expanded the CRA to the non bank financial firms”. Don’t tell me its ‘my’ info. You posted that nonsense not me. Now back it up .

And don’t forget to back up your doozie “GSEs bought 29 million subprime loans in 2008”

(watch how I do this fenton. you need to do it every post)

Your assertion of GSE increases has already been exposed as BS. They were under HUD mandate. From The National Homeowners Strategy that YOU said Bush published.

You are correct. I confused The National Homeowners Strategy with Bush’s “Ownership Society”. Bush’s policies explain why Bush’s regulators stopped regulating the banks and PREEMPTED ALL STATE LAWS AGAINST PREDATORY LENDING with the explicitly stated purpose of INCREASING SUBPRIME LENDING not Clinton’s policies.

fyi fenton, stop posting nonsense and stop posting questions. Your questions are based on your delusions. Make a point. back it up. But alas, you cant post a link to a delusion.
 
No fenton, they weren’t ‘crap’ until Bush’s regulators stopped regulating the
banks in 2004 and PREEMPTED ALL STATE LAWS AGAINST PREDATORY LENDING with the explicitly stated purpose of INCREASING SUBPRIME LENDING.




Oh no you don’t fenton. You made that ludicrous claim that the “111th congress expanded the CRA to the non bank financial firms”. Don’t tell me its ‘my’ info. You posted that nonsense not me. Now back it up .

And don’t forget to back up your doozie “GSEs bought 29 million subprime loans in 2008”

(watch how I do this fenton. you need to do it every post)



You are correct. I confused The National Homeowners Strategy with Bush’s “Ownership Society”. Bush’s policies explain why Bush’s regulators stopped regulating the banks and PREEMPTED ALL STATE LAWS AGAINST PREDATORY LENDING with the explicitly stated purpose of INCREASING SUBPRIME LENDING not Clinton’s policies.

fyi fenton, stop posting nonsense and stop posting questions. Your questions are based on your delusions. Make a point. back it up. But alas, you cant post a link to a delusion.

You wont answer my questions will you ?

Scared ?

And I've coninuously backed up everything I've said.

Is it my fault your'e to beholden to a corrupt ideology to accept the truth ?
 
You wont answer my questions will you ?

Scared ?

fenton, I answer relevent questions based on fact. Most of your questions are based on the delusions you post. Dont ask questions. make a point and back it up.

And I've coninuously backed up everything I've said.

thats just it fenton, you post things as fact and dont back them up. And you cut and run when I ask you to back them up. You are still running from you claim that " the CRA was extended to all non bank financial firms".

You also posted that 2005 Housing Regulatory Reform died in committee. It was false.
You posted that democrats controlled congress. It was false.
you posted that bush tried to raise downpayment requirements. It was false.
you posted that the senate needs 60 votes to pass a bill. It was false.
you kept claiming the 2004 HUD policy of no downpayments I posted was from 2007. It was false.


you've ignored Bush telling you the bubble started late 2004
you've ignored Bush PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING with the explicity stated purpose of INCREASE SUBPRIME LENDING
you've ignored Bush forcing freddie and fannie to buy 340 billion in low income loans in the secondary market
you've ignored bush saying he wanted 5.5 million new minority homeowners
you've ignored bush saying he would use federal policy to increase home ownership
you've ignored bush lifting the restrictions Clinton placed on GSEs buying subprime mortgages

and you ignored bush's regulators not doing their jobs when No Doc loans increased over 1000 % from 4.3 % of all loans to over 50 % in 2006

Bush's policies and statements explain why banks thought they could lower lending standards in late 2004 and Bush's policies and statements explain why Bush's regulators let them. Bush Sr's policy from 1992 doesnt. Reagans policy of allowing GSEs to purchase MBS on the secondary market in 1984 doesn't.
 
State laws ?

Thats the weakest point youv'e brought up.

You realize from 1994 to 2003 sub prime loans grew an average of 25% a year ?
 
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