re: Bush Mortgage Bubble FAQs[W:1083,1531]
You posted your manifesto that tells you not to post facts, not answer questions and not to apologize.
So where exactly is this supposed post then?
And the proof that its your manifesto is you follow it to the letter.
Without the alleged post of a manifesto, this has little meaning.
because you haven't posted anything to show "bush's actions are part of a larger whole."
You keep "reassuring" me that it couldn't be just bush's fault alone but simply cant point to anything relevant or factual. Hey I know, repost the conservative chilling ultimatum[SUP]© [/SUP]that banks ignored for 10 years. thanks for the laughs.
I've recited the transaction chain from toxic mortgage origination to the final end consumer of the mortgage backed securities. With out this, the mortgage bubble wouldn't have amounted to much. This is the production line that inflated the bubble to such large proportions. I know this is to be factual.
Vern, are you telling me that Bush, and Bush alone, played all these roles?
er uh I know you are not allowed to answer questions but what facts? post them and then explain the connection to banks lowering their lending standards in late 2004 and Bush's regulators not only not stopping them but cheering them on. again, thanks for the laughs.
Again, far too narrow. Seems to be a habit of yours.
Tell me, what good does it do a bank to offer something for sale that it can't procure? Not a dam thing. What good does it do a bank to have something that it can procure, but no one is buying it? Also, not a dam thing.
So if there wasn't someone filling up the pipeline with mortgages that the banks could buy, what are the banks going to do, regardless of who demands what from them? They won't be able to deliver. And why go and procure something if there's no one around to buy it?
The entire process from front to back is a production line. A production line from mortgage origination to securitization, to sale of MBS.
It was not Bush who was running the production line, filling the pipeline, buying the product that came off the end. He may have set the some, or even most, of the conditions for the production line to arise, but he certainly didn't create or operate the production line. There were others who did that part.
Why don't you see this?
One a production line is running, it gains an inertia all it's own. It gains protectors of the production line who are gaining financially and / or politically, who's sole interest is to continue to benefit from that production line kept operating at full capacity, regardless of who's going to get hurt when it goes off the tracks. Yup, that'd be greed, negligence, and lack of empathy, narcissism, all the traits that make business and political leaders, and it was exhibited, as you point out so well, by both sides of the aisle, by Wall Street Banksters (fraudsters probably more appropriate), by those amoral and irresponsible originators of those NINJA mortgages, all exhibited alike, from the top of the totem pole to the bottom of it.
Now it's the tax payer's turn to follow along after the parade and sweep up after the horses and the elephants. I guess it's their fault in not keeping close enough tabs on their elected officials. Not insisting on a skeptical enough main stream media. thinking they could ignore that which is going on in DC without repercussions.
Yes Vern, there were far more people involved in this heinous act perpetrated on the vast majority of the 'have not' electorate.
I'm puzzled that someone such as yourself doesn't see this to be the case, it's all laid out right there, for all to see, in plain sight, and instead only focuses on a single individual, on a single set of acts by that single individual.
