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Honored Social Butterfly

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Honored Social Butterfly

Another trump supporter fantasy cartoon!

The reality is that trump has planted a number of land mines in our economic path for the future...which ones will go off first?

 

tax returns donnie

Esteemed Social Butterfly


@williamb39198 wrote:

Another trump supporter fantasy cartoon!

The reality is that trump has planted a number of land mines in our economic path for the future...which ones will go off first?

 

tax returns donnie


Just as it was with the last republican president we had, the housing market land mine will be the first to go off. That handwriting is on the wall.

 

 

http://www.politifact.com/personalities/donald-trump/statements/byruling/false/ (13 pages of lies and growing)
Honored Social Butterfly


@BigLib wrote:

@williamb39198 wrote:

Another trump supporter fantasy cartoon!

The reality is that trump has planted a number of land mines in our economic path for the future...which ones will go off first?

 

tax returns donnie


Just as it was with the last republican president we had, the housing market land mine will be the first to go off. That handwriting is on the wall.

 

Only if the Dems can, again, succeed in placing many thousands of people in houses they can't afford and have the bankers take big risks on the promise that the government will back them.

 

 


 

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Honored Social Butterfly


@rk9152 wrote:

@BigLib wrote:

@williamb39198 wrote:

Another trump supporter fantasy cartoon!

The reality is that trump has planted a number of land mines in our economic path for the future...which ones will go off first?

 

tax returns donnie


Just as it was with the last republican president we had, the housing market land mine will be the first to go off. That handwriting is on the wall.

 

Only if the Dems can, again, succeed in placing many thousands of people in houses they can't afford and have the bankers take big risks on the promise that the government will back them.

 

 


 


The financial land mine comprised of bogus home loans and bundled bad loans went off on September 18, 2008 - that's about a month-and-a-half before the election that Obama won - and three and a half months before Obama took the reins of office and started to fix the "bleep-up" that Dubya and his dishonest republican/conservative buddies constructed and lit the fuse on during Dubya's administration...

 

Of course - the clinically fascinating memory processes of tRump cult "magats" will claim that things happened in a different way - as described in the alternative reality...

 

44>dolt45
Esteemed Social Butterfly


@rk9152 wrote:

@BigLib wrote:

@williamb39198 wrote:

Another trump supporter fantasy cartoon!

The reality is that trump has planted a number of land mines in our economic path for the future...which ones will go off first?

 

tax returns donnie


Just as it was with the last republican president we had, the housing market land mine will be the first to go off. That handwriting is on the wall.

 

Only if the Dems can, again, succeed in placing many thousands of people in houses they can't afford and have the bankers take big risks on the promise that the government will back them.

 

 


 


Uh huh. I don't think it was Democrats forcing Wall Street to ignore the risky subprime loans they were bundling as mortgage back securities, and then issued bonds using those mortgage back securities as their collateral. And while people were being thrown out of their homes, Wall Street was giving themselves bonuses with the TARP bailout money.

 

 

http://www.politifact.com/personalities/donald-trump/statements/byruling/false/ (13 pages of lies and growing)
Honored Social Butterfly


@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@williamb39198 wrote:

Another trump supporter fantasy cartoon!

The reality is that trump has planted a number of land mines in our economic path for the future...which ones will go off first?

 

tax returns donnie


Just as it was with the last republican president we had, the housing market land mine will be the first to go off. That handwriting is on the wall.

 

Only if the Dems can, again, succeed in placing many thousands of people in houses they can't afford and have the bankers take big risks on the promise that the government will back them.

 

 


 


Uh huh. I don't think it was Democrats forcing Wall Street to ignore the risky subprime loans they were bundling as mortgage back securities, and then issued bonds using those mortgage back securities as their collateral. And while people were being thrown out of their homes, Wall Street was giving themselves bonuses with the TARP bailout money.

 

 


It was the Dems pushing for people unable to pay for homes to have them (and yes, Bush too). When Freddie and Fannie went too  far, it was the Dems (Maxine Waters etal defending them). When Bush warned about the potential coming problems in the housing he was ignored by the Dems.

 

Yes, there was TARP and there was Obama's near 100 billion dollar bail out package that gave us an understanding that those shovel ready jobs weren't all that shovel ready and the Tesla fiasco.

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Esteemed Social Butterfly


@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@williamb39198 wrote:

Another trump supporter fantasy cartoon!

The reality is that trump has planted a number of land mines in our economic path for the future...which ones will go off first?

 

tax returns donnie


Just as it was with the last republican president we had, the housing market land mine will be the first to go off. That handwriting is on the wall.

 

Only if the Dems can, again, succeed in placing many thousands of people in houses they can't afford and have the bankers take big risks on the promise that the government will back them.

 

 


 


Uh huh. I don't think it was Democrats forcing Wall Street to ignore the risky subprime loans they were bundling as mortgage back securities, and then issued bonds using those mortgage back securities as their collateral. And while people were being thrown out of their homes, Wall Street was giving themselves bonuses with the TARP bailout money.

 

 


It was the Dems pushing for people unable to pay for homes to have them (and yes, Bush too). When Freddie and Fannie went too  far, it was the Dems (Maxine Waters etal defending them). When Bush warned about the potential coming problems in the housing he was ignored by the Dems.

 

Yes, there was TARP and there was Obama's near 100 billion dollar bail out package that gave us an understanding that those shovel ready jobs weren't all that shovel ready and the Tesla fiasco.


Yeah. Not buying that load of revisionist history.

 

Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!

 

 

http://www.politifact.com/personalities/donald-trump/statements/byruling/false/ (13 pages of lies and growing)
Honored Social Butterfly


@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@williamb39198 wrote:

Another trump supporter fantasy cartoon!

The reality is that trump has planted a number of land mines in our economic path for the future...which ones will go off first?

 

tax returns donnie


Just as it was with the last republican president we had, the housing market land mine will be the first to go off. That handwriting is on the wall.

 

Only if the Dems can, again, succeed in placing many thousands of people in houses they can't afford and have the bankers take big risks on the promise that the government will back them.

 

 


 


Uh huh. I don't think it was Democrats forcing Wall Street to ignore the risky subprime loans they were bundling as mortgage back securities, and then issued bonds using those mortgage back securities as their collateral. And while people were being thrown out of their homes, Wall Street was giving themselves bonuses with the TARP bailout money.

 

 


It was the Dems pushing for people unable to pay for homes to have them (and yes, Bush too). When Freddie and Fannie went too  far, it was the Dems (Maxine Waters etal defending them). When Bush warned about the potential coming problems in the housing he was ignored by the Dems.

 

Yes, there was TARP and there was Obama's near 100 billion dollar bail out package that gave us an understanding that those shovel ready jobs weren't all that shovel ready and the Tesla fiasco.


Yeah. Not buying that load of revisionist history.

 

Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!

 

 


Yes, the Republicans controlled the Congress and as Americans gave the President (Obama) the support he asked for to deal with the situation - how times have changed.

 

And yes, the Republicans had previously supported the Dems foolish idea of putting people in homes they could not afford, thereby creating the problem.

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Honored Social Butterfly


@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@williamb39198 wrote:

Another trump supporter fantasy cartoon!

The reality is that trump has planted a number of land mines in our economic path for the future...which ones will go off first?

 

tax returns donnie


Just as it was with the last republican president we had, the housing market land mine will be the first to go off. That handwriting is on the wall.

 

Only if the Dems can, again, succeed in placing many thousands of people in houses they can't afford and have the bankers take big risks on the promise that the government will back them.

 

 


 


Uh huh. I don't think it was Democrats forcing Wall Street to ignore the risky subprime loans they were bundling as mortgage back securities, and then issued bonds using those mortgage back securities as their collateral. And while people were being thrown out of their homes, Wall Street was giving themselves bonuses with the TARP bailout money.

 

 


It was the Dems pushing for people unable to pay for homes to have them (and yes, Bush too). When Freddie and Fannie went too  far, it was the Dems (Maxine Waters etal defending them). When Bush warned about the potential coming problems in the housing he was ignored by the Dems.

 

Yes, there was TARP and there was Obama's near 100 billion dollar bail out package that gave us an understanding that those shovel ready jobs weren't all that shovel ready and the Tesla fiasco.


Yeah. Not buying that load of revisionist history.

 

Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!

 

 


Yes, the Republicans controlled the Congress and as Americans gave the President (Obama) the support he asked for to deal with the situation - how times have changed.

 

And yes, the Republicans had previously supported the Dems foolish idea of putting people in homes they could not afford, thereby creating the problem.


No matter how many times you repeat this lie it will never become true.

 

 

Honored Social Butterfly


@Snoopy48 wrote:

@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@williamb39198 wrote:

Another trump supporter fantasy cartoon!

The reality is that trump has planted a number of land mines in our economic path for the future...which ones will go off first?

 

tax returns donnie


Just as it was with the last republican president we had, the housing market land mine will be the first to go off. That handwriting is on the wall.

 

Only if the Dems can, again, succeed in placing many thousands of people in houses they can't afford and have the bankers take big risks on the promise that the government will back them.

 

 


 


Uh huh. I don't think it was Democrats forcing Wall Street to ignore the risky subprime loans they were bundling as mortgage back securities, and then issued bonds using those mortgage back securities as their collateral. And while people were being thrown out of their homes, Wall Street was giving themselves bonuses with the TARP bailout money.

 

 


It was the Dems pushing for people unable to pay for homes to have them (and yes, Bush too). When Freddie and Fannie went too  far, it was the Dems (Maxine Waters etal defending them). When Bush warned about the potential coming problems in the housing he was ignored by the Dems.

 

Yes, there was TARP and there was Obama's near 100 billion dollar bail out package that gave us an understanding that those shovel ready jobs weren't all that shovel ready and the Tesla fiasco.


Yeah. Not buying that load of revisionist history.

 

Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!

 

 


Yes, the Republicans controlled the Congress and as Americans gave the President (Obama) the support he asked for to deal with the situation - how times have changed.

 

And yes, the Republicans had previously supported the Dems foolish idea of putting people in homes they could not afford, thereby creating the problem.


No matter how many times you repeat this lie it will never become true.

 

 


What is it that you see as a lie that bothers you?? Were the Dems not highly active in getting poor people into homes they couldn't afford - did Bush not support their efforts? Did the Congress not support Obama's plans to deal with the collapse?
Or do you just enjoy calling fellow posters "liars"?
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@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@williamb39198 wrote:

Another trump supporter fantasy cartoon!

The reality is that trump has planted a number of land mines in our economic path for the future...which ones will go off first?

 

tax returns donnie


Just as it was with the last republican president we had, the housing market land mine will be the first to go off. That handwriting is on the wall.

 

Only if the Dems can, again, succeed in placing many thousands of people in houses they can't afford and have the bankers take big risks on the promise that the government will back them.

 

 


 


Uh huh. I don't think it was Democrats forcing Wall Street to ignore the risky subprime loans they were bundling as mortgage back securities, and then issued bonds using those mortgage back securities as their collateral. And while people were being thrown out of their homes, Wall Street was giving themselves bonuses with the TARP bailout money.

 

 


It was the Dems pushing for people unable to pay for homes to have them (and yes, Bush too). When Freddie and Fannie went too  far, it was the Dems (Maxine Waters etal defending them). When Bush warned about the potential coming problems in the housing he was ignored by the Dems.

 

Yes, there was TARP and there was Obama's near 100 billion dollar bail out package that gave us an understanding that those shovel ready jobs weren't all that shovel ready and the Tesla fiasco.


Yeah. Not buying that load of revisionist history.

 

Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!

 

 


Yes, the Republicans controlled the Congress and as Americans gave the President (Obama) the support he asked for to deal with the situation - how times have changed.

 

And yes, the Republicans had previously supported the Dems foolish idea of putting people in homes they could not afford, thereby creating the problem.


You didn't really read this or answer it:

 

 "Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!


Man learns from history that man learns nothing from history.
Honored Social Butterfly


@ChasKy53 wrote:

@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@williamb39198 wrote:

Another trump supporter fantasy cartoon!

The reality is that trump has planted a number of land mines in our economic path for the future...which ones will go off first?

 

tax returns donnie


Just as it was with the last republican president we had, the housing market land mine will be the first to go off. That handwriting is on the wall.

 

Only if the Dems can, again, succeed in placing many thousands of people in houses they can't afford and have the bankers take big risks on the promise that the government will back them.

 

 


 


Uh huh. I don't think it was Democrats forcing Wall Street to ignore the risky subprime loans they were bundling as mortgage back securities, and then issued bonds using those mortgage back securities as their collateral. And while people were being thrown out of their homes, Wall Street was giving themselves bonuses with the TARP bailout money.

 

 


It was the Dems pushing for people unable to pay for homes to have them (and yes, Bush too). When Freddie and Fannie went too  far, it was the Dems (Maxine Waters etal defending them). When Bush warned about the potential coming problems in the housing he was ignored by the Dems.

 

Yes, there was TARP and there was Obama's near 100 billion dollar bail out package that gave us an understanding that those shovel ready jobs weren't all that shovel ready and the Tesla fiasco.


Yeah. Not buying that load of revisionist history.

 

Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!

 

 


Yes, the Republicans controlled the Congress and as Americans gave the President (Obama) the support he asked for to deal with the situation - how times have changed.

 

And yes, the Republicans had previously supported the Dems foolish idea of putting people in homes they could not afford, thereby creating the problem.


You didn't really read this or answer it:

 

 "Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!


I did read it, I did answer it. What is the joke??

Honored Social Butterfly


@rk9152 wrote:

@ChasKy53 wrote:

@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@williamb39198 wrote:

Another trump supporter fantasy cartoon!

The reality is that trump has planted a number of land mines in our economic path for the future...which ones will go off first?

 

tax returns donnie


Just as it was with the last republican president we had, the housing market land mine will be the first to go off. That handwriting is on the wall.

 

Only if the Dems can, again, succeed in placing many thousands of people in houses they can't afford and have the bankers take big risks on the promise that the government will back them.

 

 


 


Uh huh. I don't think it was Democrats forcing Wall Street to ignore the risky subprime loans they were bundling as mortgage back securities, and then issued bonds using those mortgage back securities as their collateral. And while people were being thrown out of their homes, Wall Street was giving themselves bonuses with the TARP bailout money.

 

 


It was the Dems pushing for people unable to pay for homes to have them (and yes, Bush too). When Freddie and Fannie went too  far, it was the Dems (Maxine Waters etal defending them). When Bush warned about the potential coming problems in the housing he was ignored by the Dems.

 

Yes, there was TARP and there was Obama's near 100 billion dollar bail out package that gave us an understanding that those shovel ready jobs weren't all that shovel ready and the Tesla fiasco.


Yeah. Not buying that load of revisionist history.

 

Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!

 

 


Yes, the Republicans controlled the Congress and as Americans gave the President (Obama) the support he asked for to deal with the situation - how times have changed.

 

And yes, the Republicans had previously supported the Dems foolish idea of putting people in homes they could not afford, thereby creating the problem.


You didn't really read this or answer it:

 

 "Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!


I did read it, I did answer it. What is the joke??


And "the joke" continues.


Man learns from history that man learns nothing from history.
Honored Social Butterfly


@ChasKy53 wrote:

@rk9152 wrote:

@ChasKy53 wrote:

@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@williamb39198 wrote:

Another trump supporter fantasy cartoon!

The reality is that trump has planted a number of land mines in our economic path for the future...which ones will go off first?

 

tax returns donnie


Just as it was with the last republican president we had, the housing market land mine will be the first to go off. That handwriting is on the wall.

 

Only if the Dems can, again, succeed in placing many thousands of people in houses they can't afford and have the bankers take big risks on the promise that the government will back them.

 

 


 


Uh huh. I don't think it was Democrats forcing Wall Street to ignore the risky subprime loans they were bundling as mortgage back securities, and then issued bonds using those mortgage back securities as their collateral. And while people were being thrown out of their homes, Wall Street was giving themselves bonuses with the TARP bailout money.

 

 


It was the Dems pushing for people unable to pay for homes to have them (and yes, Bush too). When Freddie and Fannie went too  far, it was the Dems (Maxine Waters etal defending them). When Bush warned about the potential coming problems in the housing he was ignored by the Dems.

 

Yes, there was TARP and there was Obama's near 100 billion dollar bail out package that gave us an understanding that those shovel ready jobs weren't all that shovel ready and the Tesla fiasco.


Yeah. Not buying that load of revisionist history.

 

Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!

 

 


Yes, the Republicans controlled the Congress and as Americans gave the President (Obama) the support he asked for to deal with the situation - how times have changed.

 

And yes, the Republicans had previously supported the Dems foolish idea of putting people in homes they could not afford, thereby creating the problem.


You didn't really read this or answer it:

 

 "Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!


I did read it, I did answer it. What is the joke??


And "the joke" continues.


And what is "the joke"?

 

I did say that the Reps went along with the Dems plans to put people in homes they couldn't afford. So, your underlined stuff adds nothing.

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Honored Social Butterfly


@rk9152 wrote:

@ChasKy53 wrote:

@rk9152 wrote:

@ChasKy53 wrote:

You didn't really read this or answer it:

 

 "Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!


I did read it, I did answer it. What is the joke??


And "the joke" continues.


And what is "the joke"?

 

I did say that the Reps went along with the Dems plans to put people in homes they couldn't afford. So, your underlined stuff adds nothing.


The LAW jrbush signed gave Government aid for the downpayment to lower income Americans. Here's a quote from his "signing ceremony" in 2003: Many people are able to afford a monthly mortgage payment, but are unable to make the down payment. So this legislation will authorize $200 million per year in down payment assistance to at least 40,000 low-income families. Please note even jr required a DOWN PAYMENT and people be able to afford the monthly payments.

 

The LAW President Obama signed SPECIFICALLY required Banks NOT ALTER THEIR QUALIFICATION STANDARDS FOR HOMELOANS.

 

The disasterous meltdown of World financial markets was caused by Republican Banksters who realized they could re-sell any mortgage they wrote to investors in Mortgage Backed Securities and related Derivatives. THE CAPITALISTS in the private sector are the cause of the Great Recession because THEY are the ones who approved loans for thousands of people who had No Income and No Assets - they even coined a cutsy term for these worthless loans "NINAs". All the people writing to mortgages cared about was the COMMISSIONS they got - usually 7 to 10% of the face value of the mortgage, which, thanks to jrbush's good intensions, came from TAX DOLLARS.

 

There is not a scrap of paper anywhere on which either party's politicians even SUGGESTED mortgages should be given to people who could not afford the monthly payments. But when REPUBLICANS gutted the staffing for enforcement personnel in the SEC and Office of the Comptroller of the Currency, the CAPITALIST bankers knew no one would ever catch them, so they behaved accordingly and sought to maximize profits, which is their ONLY "moral imparative" as good Capitalists.

 

Honored Social Butterfly


@Olderscout66 wrote:

@rk9152 wrote:

@ChasKy53 wrote:

@rk9152 wrote:

@ChasKy53 wrote:

You didn't really read this or answer it:

 

 "Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!


I did read it, I did answer it. What is the joke??


And "the joke" continues.


And what is "the joke"?

 

I did say that the Reps went along with the Dems plans to put people in homes they couldn't afford. So, your underlined stuff adds nothing.


The LAW jrbush signed gave Government aid for the downpayment to lower income Americans. Here's a quote from his "signing ceremony" in 2003: Many people are able to afford a monthly mortgage payment, but are unable to make the down payment. So this legislation will authorize $200 million per year in down payment assistance to at least 40,000 low-income families. Please note even jr required a DOWN PAYMENT and people be able to afford the monthly payments.

 

The LAW President Obama signed SPECIFICALLY required Banks NOT ALTER THEIR QUALIFICATION STANDARDS FOR HOMELOANS.

 

The disasterous meltdown of World financial markets was caused by Republican Banksters who realized they could re-sell any mortgage they wrote to investors in Mortgage Backed Securities and related Derivatives. THE CAPITALISTS in the private sector are the cause of the Great Recession because THEY are the ones who approved loans for thousands of people who had No Income and No Assets - they even coined a cutsy term for these worthless loans "NINAs". All the people writing to mortgages cared about was the COMMISSIONS they got - usually 7 to 10% of the face value of the mortgage, which, thanks to jrbush's good intensions, came from TAX DOLLARS.

 

There is not a scrap of paper anywhere on which either party's politicians even SUGGESTED mortgages should be given to people who could not afford the monthly payments. But when REPUBLICANS gutted the staffing for enforcement personnel in the SEC and Office of the Comptroller of the Currency, the CAPITALIST bankers knew no one would ever catch them, so they behaved accordingly and sought to maximize profits, which is their ONLY "moral imparative" as good Capitalists.

 


https://www.theatlantic.com/business/archive/2011/12/hey-barney-frank-the-government-did-cause-the-h...

https://reason.com/archives/2012/10/14/clintons-legacy-the-financial-and-housin

https://www.forbes.com/sites/norbertmichel/2015/01/26/government-policies-caused-the-financial-crisi...

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Honored Social Butterfly

 


@Olderscout66 wrote:

@rk9152 wrote:

@ChasKy53 wrote:

@rk9152 wrote:

@ChasKy53 wrote:

You didn't really read this or answer it:

 

 "Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!


I did read it, I did answer it. What is the joke??


And "the joke" continues.


And what is "the joke"?

 

I did say that the Reps went along with the Dems plans to put people in homes they couldn't afford. So, your underlined stuff adds nothing.


The LAW jrbush signed gave Government aid for the downpayment to lower income Americans. Here's a quote from his "signing ceremony" in 2003: Many people are able to afford a monthly mortgage payment, but are unable to make the down payment. So this legislation will authorize $200 million per year in down payment assistance to at least 40,000 low-income families. Please note even jr required a DOWN PAYMENT and people be able to afford the monthly payments.

 

The LAW President Obama signed SPECIFICALLY required Banks NOT ALTER THEIR QUALIFICATION STANDARDS FOR HOMELOANS.

 

The disasterous meltdown of World financial markets was caused by Republican Banksters who realized they could re-sell any mortgage they wrote to investors in Mortgage Backed Securities and related Derivatives. THE CAPITALISTS in the private sector are the cause of the Great Recession because THEY are the ones who approved loans for thousands of people who had No Income and No Assets - they even coined a cutsy term for these worthless loans "NINAs". All the people writing to mortgages cared about was the COMMISSIONS they got - usually 7 to 10% of the face value of the mortgage, which, thanks to jrbush's good intensions, came from TAX DOLLARS.

 

There is not a scrap of paper anywhere on which either party's politicians even SUGGESTED mortgages should be given to people who could not afford the monthly payments. But when REPUBLICANS gutted the staffing for enforcement personnel in the SEC and Office of the Comptroller of the Currency, the CAPITALIST bankers knew no one would ever catch them, so they behaved accordingly and sought to maximize profits, which is their ONLY "moral imperative" as good Capitalists.

 


The republican and conservative CAPITALISTS that voted for tRump and who now fatuously repeat the lies tRump and  his droogs have fabricated - are like sharks that care only for the financial feeding frenzy, and the profit they believe it will earn for them...  

 

My feeling toward republicans is like my feeling about sharks - of course they're stupid and vicious.

It's in their nature to be mindless, ravening killing machines.

It's nothing personal.

They don't know any better.

Pretty much the only thing you can do about them is stay out of their waters and, if you're unlucky enough to meet with one, shoot it through it's rudimentary brain with a spear gun.

 

 

 

 

44>dolt45
Honored Social Butterfly

@Olderscout66 

With your description of events that lead  to and included 2008-2009, I would venture a guess that we are headed for another mess from trump. With his misdirected policies, lack of staffing, appointing administration department heads with no knowledge of what they are doing, and voiding regulations...sure looks like there will be a lot of expensive fixes to restore sanity to our government. Oh, and the welfare for the wealthy tax cuts!

trump’s overall policy of “just do it because I say so” does not work!

The sooner trump is out, the better. 

Honored Social Butterfly


@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@williamb39198 wrote:

Another trump supporter fantasy cartoon!

The reality is that trump has planted a number of land mines in our economic path for the future...which ones will go off first?

 

tax returns donnie


Just as it was with the last republican president we had, the housing market land mine will be the first to go off. That handwriting is on the wall.

 

Only if the Dems can, again, succeed in placing many thousands of people in houses they can't afford and have the bankers take big risks on the promise that the government will back them.

 

 


 


Uh huh. I don't think it was Democrats forcing Wall Street to ignore the risky subprime loans they were bundling as mortgage back securities, and then issued bonds using those mortgage back securities as their collateral. And while people were being thrown out of their homes, Wall Street was giving themselves bonuses with the TARP bailout money.

 

 


It was the Dems pushing for people unable to pay for homes to have them (and yes, Bush too). When Freddie and Fannie went too  far, it was the Dems (Maxine Waters etal defending them). When Bush warned about the potential coming problems in the housing he was ignored by the Dems.

 

Yes, there was TARP and there was Obama's near 100 billion dollar bail out package that gave us an understanding that those shovel ready jobs weren't all that shovel ready and the Tesla fiasco.


Yeah. Not buying that load of revisionist history.

 

Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!

 

 


trump supporters ignore most facts.


Man learns from history that man learns nothing from history.
Honored Social Butterfly


@ChasKy53 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@williamb39198 wrote:

Another trump supporter fantasy cartoon!

The reality is that trump has planted a number of land mines in our economic path for the future...which ones will go off first?

 

tax returns donnie


Just as it was with the last republican president we had, the housing market land mine will be the first to go off. That handwriting is on the wall.

 

Only if the Dems can, again, succeed in placing many thousands of people in houses they can't afford and have the bankers take big risks on the promise that the government will back them.

 

 


 


Uh huh. I don't think it was Democrats forcing Wall Street to ignore the risky subprime loans they were bundling as mortgage back securities, and then issued bonds using those mortgage back securities as their collateral. And while people were being thrown out of their homes, Wall Street was giving themselves bonuses with the TARP bailout money.

 

 


It was the Dems pushing for people unable to pay for homes to have them (and yes, Bush too). When Freddie and Fannie went too  far, it was the Dems (Maxine Waters etal defending them). When Bush warned about the potential coming problems in the housing he was ignored by the Dems.

 

Yes, there was TARP and there was Obama's near 100 billion dollar bail out package that gave us an understanding that those shovel ready jobs weren't all that shovel ready and the Tesla fiasco.


Yeah. Not buying that load of revisionist history.

 

Here's the truth - the republican party controlled the United States Congress, the body charged with the regulatory and oversight duties of this nation, from 1994 until 2006. You honestly expect people to believe that Democrats were able to undo all of that republican fiscal policy, with a republican president still in the White House, in just a year and a half and crash the economy?? What a joke!

 

 


trump supporters ignore most facts.


As previously stated - yes, the Republicans did help the Dems in their efforts to put people in homes they couldn't afford thereby creating the problem and they did give the President (Obama) the money he requested to deal with the problem.

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Esteemed Social Butterfly


@rk9152 wrote:

@ChasKy53 wrote:


trump supporters ignore most facts.


As previously stated - yes, the Republicans did help the Dems in their efforts to put people in homes they couldn't afford thereby creating the problem and they did give the President (Obama) the money he requested to deal with the problem.


Wow. Again with the revisionist history.

 

Fannie and Freddie had always made loans to people with less than perfect credit histories. The problem came when the Gramm Leach Bliley Act (all republicans) passed, ended the protections of Glass Steagall which had worked since the Great Depression, and allowed banks to combine commercial banking and investment banking, which then made them "too big to fail."

 

The "too big to fail" banks then bundled up all of those subprime loans into mortgage backed securities, and then sold them off to investors. As soon as interest rates rose, the subprime market collapsed. It's not a coincidence that the banks that had combined commercial banking and investment banking, were the same ones that needed the TARP bailout money.

 

And speaking of the TARP bailout money, your revisionist history is wrong there, too. Bush43 was the president who requested it. Wasn't it like his Treasury Secretary that presented the original request, and it was only like 2 pages long? And the Democrats, who had since taken back control of Congress, laughed at the idea of a 2 page request for $700 billion dollars and told them to stick it. America was diving head long into the great recession, and republicans thought they could fix it with 2 pages - more proof republicans are incapable of reasonable governance. Obama took office in the midst of it, and made sure America got its money back.

 

 

http://www.politifact.com/personalities/donald-trump/statements/byruling/false/ (13 pages of lies and growing)
Honored Social Butterfly


@BigLib wrote:

@rk9152 wrote:

@ChasKy53 wrote:


trump supporters ignore most facts.


As previously stated - yes, the Republicans did help the Dems in their efforts to put people in homes they couldn't afford thereby creating the problem and they did give the President (Obama) the money he requested to deal with the problem.


Wow. Again with the revisionist history.

 

Fannie and Freddie had always made loans to people with less than perfect credit histories. The problem came when the Gramm Leach Bliley Act (all republicans) passed, ended the protections of Glass Steagall which had worked since the Great Depression, and allowed banks to combine commercial banking and investment banking, which then made them "too big to fail."

 

The "too big to fail" banks then bundled up all of those subprime loans into mortgage backed securities, and then sold them off to investors. As soon as interest rates rose, the subprime market collapsed. It's not a coincidence that the banks that had combined commercial banking and investment banking, were the same ones that needed the TARP bailout money.

 

And speaking of the TARP bailout money, your revisionist history is wrong there, too. Bush43 was the president who requested it. Wasn't it like his Treasury Secretary that presented the original request, and it was only like 2 pages long? And the Democrats, who had since taken back control of Congress, laughed at the idea of a 2 page request for $700 billion dollars and told them to stick it. America was diving head long into the great recession, and republicans thought they could fix it with 2 pages - more proof republicans are incapable of reasonable governance. Obama took office in the midst of it, and made sure America got its money back.

 

 


Yes, Freddie and Fannie did always do that but whan they went too far and there was a call to rein them in a bit, this was the response:

https://www.youtube.com/watch?v=CTbIb75JdwY&t=26s

 

If I understand you, TARP never happened because the Dems told Bush to stick it. And what money did Obama get back??

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@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@ChasKy53 wrote:


trump supporters ignore most facts.


As previously stated - yes, the Republicans did help the Dems in their efforts to put people in homes they couldn't afford thereby creating the problem and they did give the President (Obama) the money he requested to deal with the problem.


Wow. Again with the revisionist history.

 

Fannie and Freddie had always made loans to people with less than perfect credit histories. The problem came when the Gramm Leach Bliley Act (all republicans) passed, ended the protections of Glass Steagall which had worked since the Great Depression, and allowed banks to combine commercial banking and investment banking, which then made them "too big to fail."

 

The "too big to fail" banks then bundled up all of those subprime loans into mortgage backed securities, and then sold them off to investors. As soon as interest rates rose, the subprime market collapsed. It's not a coincidence that the banks that had combined commercial banking and investment banking, were the same ones that needed the TARP bailout money.

 

And speaking of the TARP bailout money, your revisionist history is wrong there, too. Bush43 was the president who requested it. Wasn't it like his Treasury Secretary that presented the original request, and it was only like 2 pages long? And the Democrats, who had since taken back control of Congress, laughed at the idea of a 2 page request for $700 billion dollars and told them to stick it. America was diving head long into the great recession, and republicans thought they could fix it with 2 pages - more proof republicans are incapable of reasonable governance. Obama took office in the midst of it, and made sure America got its money back.

 

 


Yes, Freddie and Fannie did always do that but whan they went too far and there was a call to rein them in a bit, this was the response:

https://www.youtube.com/watch?v=CTbIb75JdwY&t=26s

 

If I understand you, TARP never happened because the Dems told Bush to stick it. And what money did Obama get back??


Yes, Freddie and Fannie did always do that, and it became the scapegoat when banks were allowed to sell MBSs to investors because republicans repealed the law preventing it. So you can stop blaming people that qualified for Fannie and Freddie, when it was the greedy that wanted to turn a quick buck on subprime MBSs and lost their butts when interest rates rose.

 

Your video doesn't explain a thing.

 

And the problem is you don't understand. Would you have accepted Obama's stimulus with just a 2 page submittal? Of course not. TARP did happen, but the Bush admin didn't get away with unregulated bailouts which is what his paltry 2 page submittal amounted to. And Obama got all of the TARP money back - that was the plan after all, remember?? - and even got the American taxpayer an extra $15 billion in repayments. Then again, understanding is largely predicated on whether someone is getting paid by the post.

 

 

http://www.politifact.com/personalities/donald-trump/statements/byruling/false/ (13 pages of lies and growing)
Honored Social Butterfly


@BigLib wrote:

@rk9152 wrote:

@BigLib wrote:

@rk9152 wrote:

@ChasKy53 wrote:


trump supporters ignore most facts.


As previously stated - yes, the Republicans did help the Dems in their efforts to put people in homes they couldn't afford thereby creating the problem and they did give the President (Obama) the money he requested to deal with the problem.


Wow. Again with the revisionist history.

 

Fannie and Freddie had always made loans to people with less than perfect credit histories. The problem came when the Gramm Leach Bliley Act (all republicans) passed, ended the protections of Glass Steagall which had worked since the Great Depression, and allowed banks to combine commercial banking and investment banking, which then made them "too big to fail."

 

The "too big to fail" banks then bundled up all of those subprime loans into mortgage backed securities, and then sold them off to investors. As soon as interest rates rose, the subprime market collapsed. It's not a coincidence that the banks that had combined commercial banking and investment banking, were the same ones that needed the TARP bailout money.

 

And speaking of the TARP bailout money, your revisionist history is wrong there, too. Bush43 was the president who requested it. Wasn't it like his Treasury Secretary that presented the original request, and it was only like 2 pages long? And the Democrats, who had since taken back control of Congress, laughed at the idea of a 2 page request for $700 billion dollars and told them to stick it. America was diving head long into the great recession, and republicans thought they could fix it with 2 pages - more proof republicans are incapable of reasonable governance. Obama took office in the midst of it, and made sure America got its money back.

 

 


Yes, Freddie and Fannie did always do that but whan they went too far and there was a call to rein them in a bit, this was the response:

https://www.youtube.com/watch?v=CTbIb75JdwY&t=26s

 

If I understand you, TARP never happened because the Dems told Bush to stick it. And what money did Obama get back??


Yes, Freddie and Fannie did always do that, and it became the scapegoat when banks were allowed to sell MBSs to investors because republicans repealed the law preventing it. So you can stop blaming people that qualified for Fannie and Freddie, when it was the greedy that wanted to turn a quick buck on subprime MBSs and lost their butts when interest rates rose.

Yes, that was their job but they got carried away. They didn't cause the bust, but they helped to create the boom and booms always bust. 

 

Your video doesn't explain a thing.

 

And the problem is you don't understand. Would you have accepted Obama's stimulus with just a 2 page submittal? Of course not. TARP did happen, but the Bush admin didn't get away with unregulated bailouts which is what his paltry 2 page submittal amounted to. And Obama got all of the TARP money back - that was the plan after all, remember?? - and even got the American taxpayer an extra $15 billion in repayments. Then again, understanding is largely predicated on whether someone is getting paid by the post.

 

I still don't see your two page problem - TARP was passed, Obama got the assistance he sought from the Congress.

 

 


 

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@rk9152 wrote:

 

I still don't see your two page problem - TARP was passed, Obama got the assistance he sought from the Congress.

 

Yep - and that means that Obama - and not Dubya or any other morally and ethically bankrupt and feloniously dishonest republican/conservative gets the credit for saving much of the US economy...

 

Would republicans have done that?   

 

Of course not - they would have settled in to feast on the corpses like the vultures they are...

 


44>dolt45
Honored Social Butterfly

@rk9152 

A lot of accurate posting by those who seem to know what variables existed with the recession and the history of and transition from Bush to Obama. Fortunately Obama did receive some support from Congress to prevent a total meltdown of our financial institutions...

and prevent us from perhaps still standing in soup lines, to this day. Remember the long duration and recovery period from the ‘29 crash, which was averted by the actions of the Obama administration. 

 

One other note: you have said that Dems are trying to redistribute wealth. Do you deny the redistribution of wealth which just took place under the trump repub tax cuts for the wealthy?

Honored Social Butterfly


@williamb39198 wrote:

@rk9152 

A lot of accurate posting by those who seem to know what variables existed with the recession and the history of and transition from Bush to Obama. Fortunately Obama did receive some support from Congress to prevent a total meltdown of our financial institutions...

and prevent us from perhaps still standing in soup lines, to this day. Remember the long duration and recovery period from the ‘29 crash, which was averted by the actions of the Obama administration. 

 

One other note: you have said that Dems are trying to redistribute wealth. Do you deny the redistribution of wealth which just took place under the trump repub tax cuts for the wealthy?


Yes, the Parties worked together to create the problem and they worked together to fix it.

 

As to tax cuts - tax payers got tax cuts. That is not wealth redistribution - that is letting people keep a bit more of what they earned.

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Honored Social Butterfly

@rk9152 

This tax cut was direct wealth redistribution from the common worker to the wealthiest. Which will create an even bigger division as time goes on. It was an inverse Robin Hood, rob from the common folks and give to the rich.

There is an effort try to make it sound like we should feel sorry for the wealthy and protect and coddle them...no thanks!

Feel free to give your money to them...

they are part of a wealthy welfare program!

Honored Social Butterfly


@williamb39198 wrote:

@rk9152 

This tax cut was direct wealth redistribution from the common worker to the wealthiest. Which will create an even bigger division as time goes on. It was an inverse Robin Hood, rob from the common folks and give to the rich.

There is an effort try to make it sound like we should feel sorry for the wealthy and protect and coddle them...no thanks!

Feel free to give your money to them...

they are part of a wealthy welfare program!


No Robin Hood, no feeling sorry, no protect, no coddle - simply an interest in honesty.

 

In a tax cut, tax payers get their taxes cut.

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Honored Social Butterfly

In a tax cut, tax payers get their taxes cut.....................This a true statement............I wonder why this is so hard for some to understand. To those who have other ideas, please explain why you think you should get someone else's money. Did you work for it???????
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