• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Elizabeth Warren vs. Hillary Clinton[W:336]

Who would you rather have as president?


  • Total voters
    49
Re: Elizabeth Warren vs. Hillary Clinton

No clue. I've never had to think about it. I guess it depends on your definition of stupid, which is broad. In terms of what I'm talking about in this thread, the stupid people were the ones who got themselves in trouble. One example I gave earlier were the people who made $50,000 a year and wanted to live in a $750,000 house, and took very foolish mortgages so they could do so. They are stupid, as are the ones in another example I gave where someone with $100 in his checking account writes a check for $350. That's just fundamental math.

They 'took' a mortgage that high? With a gun? Or did someone, who was supposed to look out for their financial institutions best interests, NOT looking out for the institutions best interests, instead looking at short term gains (bonus)?
 
Re: Elizabeth Warren vs. Hillary Clinton

so, your response is that independent community bankers do NOT work for independent community banks?
let me know if i missed anything in the translation

The ICBA staff works for the ICBA. No, the ICBA staff do not work for banks.

The ICBA is an advocacy group, a lobbying group, and an education group. You don't have to join it as a community bank.
 
Re: Elizabeth Warren vs. Hillary Clinton

They 'took' a mortgage that high? With a gun? Or did someone, who was supposed to look out for their financial institutions best interests, NOT looking out for the institutions best interests, instead looking at short term gains (bonus)?

Someone mentioned a gun? Why?

I'm responsible for my money. It's a good way to live. People who are foolish tend to end up in trouble. That's a bad way to live.
 
Re: Elizabeth Warren vs. Hillary Clinton

Someone mentioned a gun? Why?

I'm responsible for my money. It's a good way to live. People who are foolish tend to end up in trouble. That's a bad way to live.

Yes, because the Bush subprime crisis ONLY effected the 'foolish' *shaking head*

You said took, My point is the CONservatives ALWAYS claim Gov't confiscates at the point of a gun....Just wondering if those other 'takers' used the same M/O...
 
Re: Elizabeth Warren vs. Hillary Clinton

Yes, because the Bush subprime crisis ONLY efected the 'foolish' *shaking head*

You said took, My point is the CONservatives ALWAYS claim Gov't confiscates at the point of a gun....Just wondering if those other 'takers' used the same M/O...

Why are you telling me about what conservatives say and mentioning guns and government confiscation? I think maybe you stumbled into the wrong thread.

So do you favor Warren or Clinton (that's the subject of the thread)?
 
Re: Elizabeth Warren vs. Hillary Clinton

Why are you telling me about what conservatives say and mentioning guns and government confiscation? I think maybe you stumbled into the wrong thread.

So do you favor Warren or Clinton (that's the subject of the thread)?

Got it, you can't follow along with your own posits...
 
Re: Elizabeth Warren vs. Hillary Clinton

Got it, you can't follow along with your own posits...

I can follow my posts, but since I never mentioned conservatives, government confiscation, and guns, I can only assume you have me confused with someone else. I was talking about Elizabeth Warren & the CFPB.
 
Re: Elizabeth Warren vs. Hillary Clinton

Someone mentioned a gun? Why?

I'm responsible for my money. It's a good way to live. People who are foolish tend to end up in trouble. That's a bad way to live.

This is an example of what I'm talking about in my Libertarian thread. There is a complete lack of pragmatism. Not only is the solution rejected, but the problem isn't even acknowledged.
 
Re: Elizabeth Warren vs. Hillary Clinton

I can follow my posts, but since I never mentioned conservatives, government confiscation, and guns, I can only assume you have me confused with someone else. I was talking about Elizabeth Warren & the CFPB.

Nope, go try again... Use the word TOOK in context with my question to you :)

You can do it, I have faith in you...
 
Re: Elizabeth Warren vs. Hillary Clinton

Nope, go try again... Use the word TOOK in context with my question to you :)

You can do it, I have faith in you...

You think the words "take a mortgage" mean that someone holds a gun to your head? Okay now I get it. Happy Father's Day!
 
Re: Elizabeth Warren vs. Hillary Clinton

You think the words "take a mortgage" mean that someone holds a gun to your head? Okay now I get it. Happy Father's Day!

"I guess it depends on your definition of stupid, which is broad. In terms of what I'm talking about in this thread, the stupid people were the ones who got themselves in trouble. One example I gave earlier were the people who made $50,000 a year and wanted to live in a $750,000 house, and took very foolish mortgages so they could do so." tres borrachos
 
Re: Elizabeth Warren vs. Hillary Clinton

The ICBA staff works for the ICBA. No, the ICBA staff do not work for banks.

The ICBA is an advocacy group, a lobbying group, and an education group. You don't have to join it as a community bank.
in no instance did i ask about the ICBA staff
quit avoiding the question
for what organizations do independent community bankers work
you so pressed the issue earlier, now tell us
 
Re: Elizabeth Warren vs. Hillary Clinton

You think the words "take a mortgage" mean that someone holds a gun to your head? Okay now I get it. Happy Father's Day!

Some people are not as smart or as savvy as you at making financial decisions. Some people are vulnerable to deceptive advertising. Some people believe what is being told to them by lenders.

Congratulations, you're better than the people who got suckered.
 
Re: Elizabeth Warren vs. Hillary Clinton

"I guess it depends on your definition of stupid, which is broad. In terms of what I'm talking about in this thread, the stupid people were the ones who got themselves in trouble. One example I gave earlier were the people who made $50,000 a year and wanted to live in a $750,000 house, and took very foolish mortgages so they could do so." tres borrachos

Um, very good. You repeated my post. Not sure why.

The words "take a mortgage" and "take out a mortgage" are standard vernacular when speaking of the process of obtaining a 1-4 family residential loan secured by a primary dwelling.
 
Re: Elizabeth Warren vs. Hillary Clinton

Tell you how many what? Banks went under in the 1940s? I showed you how many banks were around 30 years ago versus now. I'd like to do the research for you on banks that collapsed during the Depression, but I don't have any interest in that myself because it has nothing to do with Elizabeth Warren and the CFPB.

You said community banks were doing fine the last 50 years, MG. I showed you that your statement was not accurate.

I did not say that. I asked, "how many banks went under after the Great Depression reforms and the early 80s." Those years were very tightly regulated.
 
Re: Elizabeth Warren vs. Hillary Clinton


interesting but where is the twist:
"At the core of the problem is the time-honored rule that where you live dictates where you go to school. Any policy that loosens the ironclad relationship between location-location-location and school-school-school would eliminate the need for parents to pay an inflated price for a home...A well-designed voucher program would fit the bill neatly."
[emphasis added by bubba]
 
Re: Elizabeth Warren vs. Hillary Clinton

in no instance did i ask about the ICBA staff
quit avoiding the question
for what organizations do independent community bankers work
you so pressed the issue earlier, now tell us

You posted a link to the ICBA site, bubba. I didn't bring up the ICBA. You did. Not sure why, except you were trying to save Cardinal who used the words "independent bank" in his first post, then refused to explain what he meant. I'm guessing you googled "independent bank" and that's how you found the ICBA link.

Community bankers work for community banks. I have no idea what an "independent community banker is". Is that as opposed to a "dependent community banker"?
 
Re: Elizabeth Warren vs. Hillary Clinton

I did not say that. I asked, "how many banks went under after the Great Depression reforms and the early 80s." Those years were very tightly regulated.

I have no idea. You need to research that yourself. I wasn't alive for the Great Depression.
 
Re: Elizabeth Warren vs. Hillary Clinton

Nice historical rewrite. Here's another version:

. . . .Here at IBD, we've done more than a dozen pieces — most recently, in yesterday's paper — detailing how rewrites of the Community Reinvestment Act in 1995 under President Clinton, along with major regulatory changes pushed by the White House in the late 1990s, created the boom in subprime lending, the surge in exotic and highly risky mortgage-backed securities, and the housing boom whose government-fed excesses led to inevitable collapse.Despite this clear record, we're now besieged by enterprising journalists blaming Republican "deregulation" or the president's failure to recognize the seriousness of the problem or act. But these claims fall apart, as a partial history of the last decade shows.
Bush's first budget, written in 2001 — seven years ago — called runaway subprime lending by the government-sponsored enterprises Fannie Mae and Freddie Mac "a potential problem" and warned of "strong repercussions in financial markets."
In 2003, Bush's Treasury secretary, John Snow, proposed what the New York Times called "the most significant regulatory overhaul in the housing finance industry sincethe savings and loan crisis a decade ago." Did Democrats in Congress welcome it? Hardly.
"I do not think we are facing any kind of a crisis," declared Rep. Barney Frank, D-Mass., in a response typical of those who viewed Fannie and Freddie as a party patronage machine that the GOP was trying to dismantle. "If it ain't broke, don't fix it," added Sen. Thomas Carper, D-Del. . . .

. . . .In 2005, Fed chief Alan Greenspan sounded the most serious warning of all: "We are placing the total financial system of the future at a substantial risk" by doing nothing, he said. When a bill later that year emerged from the Senate Banking Committee, it looked like something might finally be done.

Unfortunately, as economist Kevin Hassett of the American Enterprise Institute has noted, "the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter."
Had they done so, it's likely the mortgage meltdown wouldn't have occurred, or would have been of far less intensity. President Bush and the Republican Congress might be blamed for many things, but this isn't one of them. It was a Democratic debacle, from start to finish.
RealClearMarkets - Don't Blame Bush for Subprime Mess

Being that the housing bubble was largely in the middle class to wealthier suburbs, and not in the inner city, it is the height of absurdity to assert that the Community Reinvestment Act had much of a role. Moreover, the housing bubble was not restricted to the United States, nor was it restricted to residential real-estate as there was a huge commercial real-estate bubble as well. It all traces back to the deregulation of credit default swaps in the late 90s / early 2000s. This created a situation where a lender did not have to concern themselves with whether a loan would be repaid or not, as they would then take mortgages, bundle them into securities, and then back them with unregulated default swaps. Blame lies with both parties and more than one administration.
 
Last edited:
Re: Elizabeth Warren vs. Hillary Clinton

You posted a link to the ICBA site, bubba. I didn't bring up the ICBA. You did. Not sure why, except you were trying to save Cardinal who used the words "independent bank" in his first post, then refused to explain what he meant. I'm guessing you googled "independent bank" and that's how you found the ICBA link.

Community bankers work for community banks. I have no idea what an "independent community banker is". Is that as opposed to a "dependent community banker"?

really? you insisted you are familiar with the Independent Community Bankers Association and yet now you tell us you cannot imagine that the members of that organization work for independent community banks
too clever by half, tres borrachos
 
Re: Elizabeth Warren vs. Hillary Clinton

I did not say that. I asked, "how many banks went under after the Great Depression reforms and the early 80s." Those years were very tightly regulated.

Didn't Canada largely avoid the financial crisis due to their tightly regulated banking and financial sector?
 
Re: Elizabeth Warren vs. Hillary Clinton

Being that the housing bubble was largely in the middle class to weather suburbs, and not in the inner city, it is the height of absurdity to assert that the Community Reinvestment Act had much of a role. Moreover, the housing bubble was not restricted to the United States, nor was it restricted to residential real-estate as there was a huge commercial real-estate bubble as well. It all traces back to the deregulation of credit default swaps in the late 90s / early 2000s. This created a situation where a lender did not have to concern themselves with whether a loan would be repaid or not, as they would then take mortgages, bundle them into securities, and then back them with unregulated default swaps. Blame lies with both parties and more than one administration.

Bingo, we have a winner here. Funny how those of who blame people for being stupid make no mention of the lender not even caring if the money got paid back. Interesting, indeed.
 
Re: Elizabeth Warren vs. Hillary Clinton

Didn't Canada largely avoid the financial crisis due to their tightly regulated banking and financial sector?


Correct. If I went to a bank asking to be mortgaged up to a million, they would have looked at my financials and laughed in my face.
 
Back
Top Bottom