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The wnewberry22 post is poison and should be treated as such.
Quote:
Originally Posted by wnewberry22
-conduct a full audit of the Fed (It's audited by indepedent agencies annually anyway)
LMAO So uninformed. The unindependent audit shows little. The watered down audit bill that did go through outed the Fed as having given trillions away to foreign banks and companies.
What next the sun rises in the west?
Last edited by Loveshiscountry; 02-11-2013 at 10:31 PM..
The wnewberry22 post is poison and should be treated as such.
Quote:
Originally Posted by wnewberry22
The issue that i'm trying to point out is that the GSE's marketshare dropped substantially in the period denoted as the time the bubble was inflating meaning they held fewer fewer notes. The % securitized solely by the private market and then passed along to investors (not gse's) EXPLODED from 2000-2006. The GSE's in a misguided business decision bought up a bunch of alt-a (not subprime) loans and these were the one's that suffered the majority of defaults...obviously we know now that this was a bad move but at the time Alt-A loans were considered (slightly) safer...they were generally issued to borrowers with higher incomes and better credit scores. But hindsight is always 20/20...
You're just discussing symptoms instead of the cause. Why are you posting when you don't know what caused the problem?
Quote:
Originally Posted by wnewberry22
And yes, I agree it sucks they needed a bailout but the opposite would have been considerably worse.
Because you say so? Why listen to you, you've been wrong about most everything else in this thread and you don't understand economics. Use a meaningless cliche like "too big to fail". That's always good for a laugh at your expense.
Hows that recovery working out sport?
You don't manipulate the free market and expect good things to happen in the long run. That is the cause of the booms and busts. Giving free money to drunks never works. "Free money" was the cause of our housing collpase, it was the cause of the dot com bubble and its the reason why college costs are sky rocketing. How many more times does it need to happen before you get a clue?
Most Libertarians (although the Pauls don't fit this) really do support small government, meaning they want the government out of your personal life too.....
What ??? The Paul's absolutely support small government and the government out of your personal life.
A third party is what this country needs, one without major corporate control and lobbyists pulling the strings. It would be great if in 2016 the Indeps. put forth a viable candidate. They need to discuss the economy and stay away from media hype, hysteria, and religion.
The fiscal issues are major.
What this country needs is more Americans like you, dream.
Gary Johnson is my vote! See you in the White House, 2016, Johnson!
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The wnewberry22 post is poison and should be treated as such.
