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Valued Social Butterfly
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Re: Can't Let Go

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Message 11 of 64

@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?

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Re: Can't Let Go

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Message 12 of 64

@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
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Re: Can't Let Go

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Message 13 of 64

@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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Re: Can't Let Go

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Message 14 of 64

@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/ (11 pages of lies and growing)
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Re: Can't Let Go

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Message 15 of 64

@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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Re: Can't Let Go

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Message 16 of 64

@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.

 

 

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Re: Can't Let Go

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Message 17 of 64

@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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Valued Social Butterfly
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Re: Can't Let Go

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Message 18 of 64

@ChasKy53 wrote:

@rk9152 wrote:

@ChasKy53 wrote:

@rk9152 wrote:

@ChasKy53 wrote:

Another cartoon with lies to try and justify trump's lies. It's never ending.


What are the lies? Or are those words just an "automatic" when there is nothing to say


They are more than obvious to anyone that is not blinded by trump cultism.

 


Got it - no idea, just playing "Yeah, me too" as always.


Got it - trump supporters know what the lies are but think denial makes them true, as always.


Again - what are the lies? Or are you just looking to insult and start a fight??

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Re: Can't Let Go

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Message 19 of 64

@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??

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Re: Can't Let Go

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Message 20 of 64

@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/ (11 pages of lies and growing)
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