mnealtx 0 #76 November 2, 2011 Quote>That would be the gist of his OTHER pet argument, yes. Well, at least you admit that you use it when it benefits your side. It will be fun to watch you attack him for using your very own argument the next time the gun issue comes up. Neither the banks nor the gun laws are first causes for kallend's blame-gaming. Thanks for playing, we've got a nice prize package for you backstage.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
mnealtx 0 #77 November 2, 2011 Quoteweaseling STILL confused over the meaning of the word, I see. QuoteNO act of the government forced any of the items I listed. DEREGULATION allowed greed to run riot. Hard to do all that if the crap loans hadn't existed in the first place.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
kallend 2,150 #78 November 2, 2011 QuoteQuote>That would be the gist of his OTHER pet argument, yes. Well, at least you admit that you use it when it benefits your side. It will be fun to watch you attack him for using your very own argument the next time the gun issue comes up. Neither the banks nor the gun laws are first causes for kallend's blame-gaming. Thanks for playing, we've got a nice prize package for you backstage. Explain how anyone but corporate execs made AIG sell AAA rated crap. Explain how anyone except corporate execs made Moodys, S&P and Fitch give AAA ratings to the crap. Explain how anyone except corporate execs made Goldman Sachs bet against their own CDOs while paying commissions to the ratings agencies for AAA ratings. "Boy, how that Timberwolf was one shitty deal" (internal G-S email) while selling the crap to their investors.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
kallend 2,150 #79 November 2, 2011 QuoteQuoteweaseling STILL confused over the meaning of the word, I see. QuoteNO act of the government forced any of the items I listed. DEREGULATION allowed greed to run riot. Hard to do all that if the crap loans hadn't existed in the first place. Indeed. Now explain which act of the government forced banks to invent SUBPRIME crap loans. (Which I predict you will again lamely attempt to link to CRA loans but which are not the same at all). Explain how AIG, Bear Sterns, Lehman Bros.,. had been rated A2 or AAA until a few days before they failed.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
mnealtx 0 #80 November 2, 2011 QuoteIndeed. Now explain which act of the government forced banks to invent SUBPRIME crap loans. (Which I predict you will again lamely attempt to link to CRA loans but which are not the same at all). Where do you think the relaxed standards came from, ffs? Fannie and Freddie, courtesy of their underwriting standards. "The primary secondary market purchasers, Federal National Mortgage Association ("Fannie Mae") and Federal Home Loan Mortgage Corporation ("Freddie Mac"), publish underwriting guidelines to inform primary lends of the conditions under which they will buy loans."Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
kallend 2,150 #81 November 2, 2011 QuoteQuoteIndeed. Now explain which act of the government forced banks to invent SUBPRIME crap loans. (Which I predict you will again lamely attempt to link to CRA loans but which are not the same at all). Where do you think the relaxed standards came from, ffs? Fannie and Freddie, courtesy of their underwriting standards. "The primary secondary market purchasers, Federal National Mortgage Association ("Fannie Mae") and Federal Home Loan Mortgage Corporation ("Freddie Mac"), publish underwriting guidelines to inform primary lends of the conditions under which they will buy loans." Diversion. Explain who in the government FORCED banks to make bad loans, who FORCED the financial services industry to invent crap securities, who FORCED the ratings agencies to AAA rate them, who FORCED Wall St to leverage at 30:1 (and more), who FORCED the banks to bet against their own investors., who FORCED the financial industry to pay $multi million bonuses to the very execs who bankrupted them. Who most strongly RESISTED efforts to regulate derivatives? (Answer, Goldman-Sachs CEO H. Paulsen, later GWB's Treasury Secretary) Fact is, you can't explain any of that.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
mnealtx 0 #82 November 2, 2011 QuoteQuoteQuoteIndeed. Now explain which act of the government forced banks to invent SUBPRIME crap loans. (Which I predict you will again lamely attempt to link to CRA loans but which are not the same at all). Where do you think the relaxed standards came from, ffs? Fannie and Freddie, courtesy of their underwriting standards. "The primary secondary market purchasers, Federal National Mortgage Association ("Fannie Mae") and Federal Home Loan Mortgage Corporation ("Freddie Mac"), publish underwriting guidelines to inform primary lends of the conditions under which they will buy loans." Diversion. No, fact. QuoteFact is, you can't explain any of that. Fact is, you can't refute that CRA and Freddie/Fannie were instrumental in starting the mess.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
kallend 2,150 #83 November 2, 2011 QuoteQuoteQuoteQuoteIndeed. Now explain which act of the government forced banks to invent SUBPRIME crap loans. (Which I predict you will again lamely attempt to link to CRA loans but which are not the same at all). Where do you think the relaxed standards came from, ffs? Fannie and Freddie, courtesy of their underwriting standards. "The primary secondary market purchasers, Federal National Mortgage Association ("Fannie Mae") and Federal Home Loan Mortgage Corporation ("Freddie Mac"), publish underwriting guidelines to inform primary lends of the conditions under which they will buy loans." Diversion. No, fact. QuoteFact is, you can't explain any of that. Fact is, you can't refute that CRA and Freddie/Fannie were instrumental in starting the mess. Nothing to refute; CRA, and the PRIVATELY OWNED F-Ms didn't FORCE any banker to do anything. You haven't been able to give any example of a bank being forced to make a single bad loan by the government. They did that all by themselves.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
mnealtx 0 #84 November 2, 2011 QuoteQuoteQuoteQuoteQuoteIndeed. Now explain which act of the government forced banks to invent SUBPRIME crap loans. (Which I predict you will again lamely attempt to link to CRA loans but which are not the same at all). Where do you think the relaxed standards came from, ffs? Fannie and Freddie, courtesy of their underwriting standards. "The primary secondary market purchasers, Federal National Mortgage Association ("Fannie Mae") and Federal Home Loan Mortgage Corporation ("Freddie Mac"), publish underwriting guidelines to inform primary lends of the conditions under which they will buy loans." Diversion. No, fact. QuoteFact is, you can't explain any of that. Fact is, you can't refute that CRA and Freddie/Fannie were instrumental in starting the mess. Nothing to refute; CRA, and the PRIVATELY OWNED F-Ms didn't FORCE any banker to do anything. You havnn't been able to give a single example of a bank being forced to make a single bad loan by the government. They did that all by themselves. Even lamer than your usual. QuoteFannie Mae Eases Credit To Aid Mortgage Lending By STEVEN A. HOLMES Published: September 30, 1999 In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring. Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans. Certainly looks like Fannie/Freddie were calling the shots.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
Amazon 7 #85 November 2, 2011 DUUUUUUUDE.. you are using an opinion piece....Aren't you the one who is always blithering about using opinion pieces??? BWAHAHAHAHAHAHAHAHAHAHAHAHA Quote Share this post Link to post Share on other sites
mnealtx 0 #86 November 2, 2011 Quote DUUUUUUUDE.. you are using an opinion piece....Aren't you the one who is always blithering about using opinion pieces??? BWAHAHAHAHAHAHAHAHAHAHAHAHA Ok, so you can't tell the difference between a news report and an op-ed. We already knew that, but it's good to see you admit it.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
Amazon 7 #87 November 2, 2011 QuoteQuote DUUUUUUUDE.. you are using an opinion piece....Aren't you the one who is always blithering about using opinion pieces??? BWAHAHAHAHAHAHAHAHAHAHAHAHA Ok, so you can't tell the difference between a news report and an op-ed. We already knew that, but it's good to see you admit it. RIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIGHT Quote Share this post Link to post Share on other sites
mnealtx 0 #88 November 2, 2011 QuoteQuoteQuote DUUUUUUUDE.. you are using an opinion piece....Aren't you the one who is always blithering about using opinion pieces??? BWAHAHAHAHAHAHAHAHAHAHAHAHA Ok, so you can't tell the difference between a news report and an op-ed. We already knew that, but it's good to see you admit it. RIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIGHT Yes, right....see the bit up at the top of the page? Says "Business", not "Editorials"? Guess you didn't.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
Amazon 7 #89 November 2, 2011 QuoteQuoteQuoteQuote DUUUUUUUDE.. you are using an opinion piece....Aren't you the one who is always blithering about using opinion pieces??? BWAHAHAHAHAHAHAHAHAHAHAHAHA Ok, so you can't tell the difference between a news report and an op-ed. We already knew that, but it's good to see you admit it. RIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIGHT Yes, right....see the bit up at the top of the page? Says "Business", not "Editorials"? Guess you didn't. Perhaps you should actually read the whole thing Quote Share this post Link to post Share on other sites
mnealtx 0 #90 November 2, 2011 QuotePerhaps you should actually read the whole thing I did...why don't you point out how it's an op-ed.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
Amazon 7 #91 November 2, 2011 QuoteQuotePerhaps you should actually read the whole thing I did...why don't you point out how it's an op-ed. http://www.charlierose.com/guest/view/2981 Steven A. Holmes is an editor in the Washington Bureau of “The New York Times” where he supervises coverage of a wide range of issues. Prior to becoming an editor, he was a reporter in the bureau for 11 years, during which time he covered race and demographic issues, Congress, the Presidential campaigns of Pat Buchanan and H. Ross Perot, and the State Department. Quote Share this post Link to post Share on other sites
mnealtx 0 #92 November 2, 2011 QuoteQuoteQuotePerhaps you should actually read the whole thing I did...why don't you point out how it's an op-ed. http://www.charlierose.com/guest/view/2981 Steven A. Holmes is an editor in the Washington Bureau of “The New York Times” where he supervises coverage of a wide range of issues. Prior to becoming an editor, he was a reporter in the bureau for 11 years, during which time he covered race and demographic issues, Congress, the Presidential campaigns of Pat Buchanan and H. Ross Perot, and the State Department. And this makes the article an op-ed, how?Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
Amazon 7 #93 November 2, 2011 QuoteQuoteQuoteQuotePerhaps you should actually read the whole thing I did...why don't you point out how it's an op-ed. http://www.charlierose.com/guest/view/2981 Steven A. Holmes is an editor in the Washington Bureau of “The New York Times” where he supervises coverage of a wide range of issues. Prior to becoming an editor, he was a reporter in the bureau for 11 years, during which time he covered race and demographic issues, Congress, the Presidential campaigns of Pat Buchanan and H. Ross Perot, and the State Department. And this makes the article an op-ed, how? Try it without the red blinders OPPPS.. non-sequitur Quote Share this post Link to post Share on other sites
mnealtx 0 #94 November 2, 2011 QuoteTry it without the red blinders Speaking of blinders...here's a few more from Mr. Holmes... Man in the News: Deval Laurdine Patrick; Street Survivor via Harvard By STEVEN A. HOLMES, Published: February 2, 1994 National Briefing | Washington: Kerry Pledges To Stay The Fight By Steven A. Holmes (NYT) Published: November 20, 2004 Benjamin L. Hooks, Leader of N.A.A.C.P. for 15 Eventful Years, Is Dead at 85 By STEVEN A. HOLMES; Dennis Hevesi contributed reporting. Published: April 16, 2010 THE 2000 CAMPAIGN: THE TAX CUT ISSUE; Bush Tax Cut Loses Appeal For Republicans in Congress By LIZETTE ALVAREZ and STEVEN A. HOLMES Published: September 14, 2000 QuoteOPPPS.. non-sequitur Yup, sure looks like it was.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
Amazon 7 #95 November 2, 2011 QuoteQuoteTry it without the red blinders Speaking of blinders...here's a few more from Mr. Holmes... Man in the News: Deval Laurdine Patrick; Street Survivor via Harvard By STEVEN A. HOLMES, Published: February 2, 1994 National Briefing | Washington: Kerry Pledges To Stay The Fight By Steven A. Holmes (NYT) Published: November 20, 2004 Benjamin L. Hooks, Leader of N.A.A.C.P. for 15 Eventful Years, Is Dead at 85 By STEVEN A. HOLMES; Dennis Hevesi contributed reporting. Published: April 16, 2010 THE 2000 CAMPAIGN: THE TAX CUT ISSUE; Bush Tax Cut Loses Appeal For Republicans in Congress By LIZETTE ALVAREZ and STEVEN A. HOLMES Published: September 14, 2000 QuoteOPPPS.. non-sequitur Yup, sure looks like it was. Does not change it that it was an opinion... was English your first language?? Quote Share this post Link to post Share on other sites
mnealtx 0 #96 November 2, 2011 QuoteDoes not change it that it was an opinion... was English your first language?? Evidently wasn't yours, since you have yet to show it was an opinion piece.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
Amazon 7 #97 November 2, 2011 QuoteQuoteDoes not change it that it was an opinion... was English your first language?? Evidently wasn't yours, since you have yet to show it was an opinion piece. Sorry but when someone strays from telling the facts.... and puts in an opinion........ DUH Quote Share this post Link to post Share on other sites
mnealtx 0 #98 November 2, 2011 QuoteQuoteQuoteDoes not change it that it was an opinion... was English your first language?? Evidently wasn't yours, since you have yet to show it was an opinion piece. Sorry but when someone strays from telling the facts.... and puts in an opinion........ DUH Post it....let's see this "opinion" of yours.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
billvon 3,120 #99 November 2, 2011 >Neither the banks nor the gun laws are first causes for kallend's blame-gaming. Right; your blame game jut uses different laws. You're really not so different. Quote Share this post Link to post Share on other sites
kallend 2,150 #100 November 2, 2011 Still awaiting your explanation of which acts of government FORCED financial institutions to invent NINJA loans FORCED financial institutions to leverage at > 30:1 FORCED financial institutions to invent CDSs FORCED big banks to bet against their own investors FORCED big banks to defraud their investors FORCED ratings firms to give AAA ratings to junk in exchange for big fees from the banks FORCED financial institutions to pay huge bonuses from taxpayer bailout money to the very execs that drove them into bankruptcy. Waiting. But not holding my breath because I know you can't answer any of them honestly.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
