The gov is taking even more control

[kallend 2,184]

Look up "independent", "stockholder" and "owned" in a dictionary.

...

The only sure way to survive a canopy collision is not to have one.

[rushmc 23]

Quote

Look up "independent", "stockholder" and "owned" in a dictionary.

You are a gamer I know that

So you can keep avoiding the issue and keep doing your misdirection bull shit


by yourself

I take it you have no answer you care to give here so your childish games is the result

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[rushmc 23]

http://www.youtube.com/watch?v=_MGT_cSi7Rs

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kallend 2,184]

Quote

http://www.youtube.com/watch?v=_MGT_cSi7Rs

Youtube videos don't alter the FACT that since 1968 Fannie has not been part of the government. Until it went into receivership last year it was an INDEPENDENT, STOCKHOLDER OWNED corporation, i.e. BIG BUSINESS.

...

The only sure way to survive a canopy collision is not to have one.

[rushmc 23]

Quote

Quote

http://www.youtube.com/watch?v=_MGT_cSi7Rs

Youtube videos don't alter the FACT that since 1968 Fannie has not been part of the government. Until it went into receivership last year it was an INDEPENDENT, STOCKHOLDER OWNED corporation, i.e. BIG BUSINESS.

And that aint what the fuck we were talking about
You in normal fashion redirected the thread cause you must be afraid to give any straight answers

Regarding the fact that the gov is the biggest player at fault in the current economic mess we have today

And YOU want them to fix what they fucked up

Nice

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[airdvr 210]

Quote

Speaking only for myself; my mortgage is paid off and I have no investments in AIG, Lehman Bros or other Wall St. Banks. For reasons totally unconnected with any actions or lack of actions on my part, my net wealth has decreased substantially since 2007 (although it has gone back up quite a bit since early 2009 - coincidence? I think not). And we see many of the truly responsible assholes architects of the recession still collecting mega bonuses.

Maybe I missed it then...were you in favor of TARP?

Please don't dent the planet.

Destinations by Roxanne

[kallend 2,184]

Quote

Quote

Quote

http://www.youtube.com/watch?v=_MGT_cSi7Rs

Youtube videos don't alter the FACT that since 1968 Fannie has not been part of the government. Until it went into receivership last year it was an INDEPENDENT, STOCKHOLDER OWNED corporation, i.e. BIG BUSINESS.

And that aint what the fuck we were talking about
You in normal fashion redirected the thread cause you must be afraid to give any straight answers

Regarding the fact that the gov is the biggest player at fault in the current economic mess we have today

And YOU want them to fix what they fucked up

Nice

Last time I checked, the recession started in 2007, when the Bush administration was in charge.

Last time I checked the Bush administration, along with the right wingers, were in denial that anything was wrong with the economy for months into 2008.

Last time I checked, the Bush administration started the huge bailouts of the banks, AIG, GM etc.

If you want to blame government, that's where you should be looking.

Personally I didn't see any government requirement (Dem or Rep) that FORCED banks into stupid derivatives, CDS's, MBS's and other opaque instruments that led to the collapse.

...

The only sure way to survive a canopy collision is not to have one.

[rushmc 23]

Quote

Quote

Quote

Quote

http://www.youtube.com/watch?v=_MGT_cSi7Rs

Youtube videos don't alter the FACT that since 1968 Fannie has not been part of the government. Until it went into receivership last year it was an INDEPENDENT, STOCKHOLDER OWNED corporation, i.e. BIG BUSINESS.

And that aint what the fuck we were talking about
You in normal fashion redirected the thread cause you must be afraid to give any straight answers

Regarding the fact that the gov is the biggest player at fault in the current economic mess we have today

And YOU want them to fix what they fucked up

Nice

Last time I checked, the recession started in 2007, when the Bush administration was in charge.

Last time I checked the Bush administration, along with the right wingers, were in denial that anything was wrong with the economy for months into 2008.

Last time I checked, the Bush administration started the huge bailouts of the banks, AIG, GM etc.

Last time I checked the mess started long before any of what you post

You just list the continuation and ignore the fact that Bush and R's tried to point out what was coming and the Dems didn't what their pet programs touched

http://www.youtube.com/watch?v=_MGT_cSi7Rs

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kallend 2,184]

So tell us, Marc, which laws or regulations from the government FORCED banks and AIG into stupid derivatives, Credit Default Swaps, Mortgage Backed Securities and other opaque instruments that led to the collapse. Which laws or regulations FORCED Moodys to give AAA ratings to junk?

...

The only sure way to survive a canopy collision is not to have one.

[rushmc 23]

Quote

So tell us, Marc, which laws or regulations from the government FORCED banks and AIG into stupid derivatives, Credit Default Swaps, Mortgage Backed Securities and other opaque instruments that led to the collapse. Which laws or regulations FORCED Moodys to give AAA ratings to junk?

You want to go over this again?
They were not forced except for the fact they had to try and find ways to cover the shit forces on them by the gov policy and programs started when Carter was in office

YOU need to understand them better so let this help you

You will not like it but that is understandable given your blind support for big gov

http://www.cato.org/pubs/pas/pa-283.html

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[rushmc 23]

Quote

The largest appeal of derivatives is that they offer some degree of leverage. Leverage is a financial term that refers to the multiplication that happens when a small amount of money is used to control an item of much larger

Used to cover risks afforded by bad loans forced into place by gov policy.

Making banks loan money for houses they could not afford
A scam the finally caught up with everything.

If the banks had been able to give loans based on sound rules (lending rules challenged by the gov) fewer would have been used and fewer banks would have gotten into trouble

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kallend 2,184]

Quote

Quote

So tell us, Marc, which laws or regulations from the government FORCED banks and AIG into stupid derivatives, Credit Default Swaps, Mortgage Backed Securities and other opaque instruments that led to the collapse. Which laws or regulations FORCED Moodys to give AAA ratings to junk?

You want to go over this again?
They were not forced except for the fact they had to try and find ways to cover the shit forces on them by the gov policy and programs started when Carter was in office

YOU need to understand them better so let this help you

You will not like it but that is understandable given your blind support for big gov

http://www.cato.org/pubs/pas/pa-283.html

CATO, there's an unbiased source.

You are aware I'm sure that the Federal Reserve has stated clearly that CRA loans are NOT the cause of the problem. That's RW propaganda that you have swallowed.

Now, how did the government FORCE Moodys to give AAA ratings to junk. We are all waiting to hear.

...

The only sure way to survive a canopy collision is not to have one.

[winsor 236]

Quote

So tell us, Marc, which laws or regulations from the government FORCED banks and AIG into stupid derivatives, Credit Default Swaps, Mortgage Backed Securities and other opaque instruments that led to the collapse. Which laws or regulations FORCED Moodys to give AAA ratings to junk?

http://docs.google.com/present/view?skipauth=true&pli=1&id=ddp4zq7n_0cdjsr4fn

[rushmc 23]

Quote

Quote

Quote

So tell us, Marc, which laws or regulations from the government FORCED banks and AIG into stupid derivatives, Credit Default Swaps, Mortgage Backed Securities and other opaque instruments that led to the collapse. Which laws or regulations FORCED Moodys to give AAA ratings to junk?

You want to go over this again?
They were not forced except for the fact they had to try and find ways to cover the shit forces on them by the gov policy and programs started when Carter was in office

YOU need to understand them better so let this help you

You will not like it but that is understandable given your blind support for big gov

http://www.cato.org/pubs/pas/pa-283.html

CATO, there's an unbiased source.

You are aware I'm sure that the Federal Reserve has stated clearly that CRA loans are NOT the cause of the problem. That's RW propaganda that you have swallowed.

Now, how did the government FORCE Moodys to give AAA ratings to junk. We are all waiting to hear.

Another none answer

and then you ask for one???

Funny shit man

Now
read the article
It is on the money

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[rushmc 23]

Quote

Quote

So tell us, Marc, which laws or regulations from the government FORCED banks and AIG into stupid derivatives, Credit Default Swaps, Mortgage Backed Securities and other opaque instruments that led to the collapse. Which laws or regulations FORCED Moodys to give AAA ratings to junk?

http://docs.google.com/present/view?skipauth=true&pli=1&id=ddp4zq7n_0cdjsr4fn

This is what he wants to ignore and so he misdirects the topic when he can

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kallend 2,184]

Quote

Quote

Quote

So tell us, Marc, which laws or regulations from the government FORCED banks and AIG into stupid derivatives, Credit Default Swaps, Mortgage Backed Securities and other opaque instruments that led to the collapse. Which laws or regulations FORCED Moodys to give AAA ratings to junk?

http://docs.google.com/present/view?skipauth=true&pli=1&id=ddp4zq7n_0cdjsr4fn

This is what he wants to ignore and so he misdirects the topic when he can

Ummm - I guess that once again you didn't actually look before hitting "reply".

To assist you, here's a version that doesn't require you to read anything.

...

The only sure way to survive a canopy collision is not to have one.

[rushmc 23]

Quote

Quote

Quote

Quote

So tell us, Marc, which laws or regulations from the government FORCED banks and AIG into stupid derivatives, Credit Default Swaps, Mortgage Backed Securities and other opaque instruments that led to the collapse. Which laws or regulations FORCED Moodys to give AAA ratings to junk?

http://docs.google.com/present/view?skipauth=true&pli=1&id=ddp4zq7n_0cdjsr4fn

This is what he wants to ignore and so he misdirects the topic when he can

Ummm - I guess that once again you didn't actually look before hitting "reply".

STill will not answer and yet you claim to know it all

kallend's world

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kallend 2,184]

Quote

Quote

Quote

Quote

Quote

So tell us, Marc, which laws or regulations from the government FORCED banks and AIG into stupid derivatives, Credit Default Swaps, Mortgage Backed Securities and other opaque instruments that led to the collapse. Which laws or regulations FORCED Moodys to give AAA ratings to junk?

http://docs.google.com/present/view?skipauth=true&pli=1&id=ddp4zq7n_0cdjsr4fn

This is what he wants to ignore and so he misdirects the topic when he can

Ummm - I guess that once again you didn't actually look before hitting "reply".

STill will not answer and yet you claim to know it all

kallend's world

Did you look at it yet?

or this?

...

The only sure way to survive a canopy collision is not to have one.

[rushmc 23]

Quote

Quote

Quote

Quote

Quote

Quote

So tell us, Marc, which laws or regulations from the government FORCED banks and AIG into stupid derivatives, Credit Default Swaps, Mortgage Backed Securities and other opaque instruments that led to the collapse. Which laws or regulations FORCED Moodys to give AAA ratings to junk?

http://docs.google.com/present/view?skipauth=true&pli=1&id=ddp4zq7n_0cdjsr4fn

This is what he wants to ignore and so he misdirects the topic when he can

Ummm - I guess that once again you didn't actually look before hitting "reply".

STill will not answer and yet you claim to know it all

kallend's world

Did you look at it yet?

or this?

Why did sup-primes come into existence?

Why?
Do you remember the program that Clinton doubled down on that pushed this ?

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kallend 2,184]

Quote

Why did sup-primes come into existence?

Why?

Greed.

BTW, the vast majority of sub prime loans have NOTHING to do with government mandates. According to the chair of the FDIC, CRA loans are a "scapegoat" (her word).

According to the Federal Reserve, "the claim that "the law pushed banking institutions to undertake high-risk mortgage lending" was contrary to their experience, and no empirical evidence has been presented to support the claim"

The Fed also reported "the worst and most widespread abuses occurred in the institutions with the least federal oversight"

According to Janet L. Yellen, President of the Federal Reserve Bank of San Francisco, independent mortgage companies made risky "high-priced loans" at more than twice the rate of the banks and thrifts; most CRA loans were responsibly made, and were not the higher-priced loans that have contributed to the current crisis."

2008 Nobel Prize in Economics winner Paul Krugman states that the notion that government mandated policies caused the crisis "has been refuted up, down, and sideways."

...

The only sure way to survive a canopy collision is not to have one.

[rushmc 23]

Quote

Quote

Why did sup-primes come into existence?

Why?

Greed.

Ah yes

thanks for proving my point yet again

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kallend 2,184]

Quote

Quote

Quote

Why did sup-primes come into existence?

Why?

Greed.

Ah yes

thanks for proving my point yet again

Lame. You have not produced one iota of evidence that the government forced any investment bank to buy securities backed by junk mortgages or that the govt forced Moodys to rate junk with "AAA" ratings.

...

The only sure way to survive a canopy collision is not to have one.

[rushmc 23]

Big business = bad
Big gov = good

kallends world

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kallend 2,184]

Quote

Big business = bad
Big gov = good

kallends world

You've run out of arguments and have no data to support your assertions, so the name calling begins again.

...

The only sure way to survive a canopy collision is not to have one.

[rushmc 23]

Quote

Quote

Big business = bad
Big gov = good

kallends world

You've run out of arguments and have no data to support your assertions, so the name calling begins again.

This is what you call name calling???

And you say I am loosing it

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln