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because everything that happened, happend because of the liberals..liberal policy
the fascist liberals are killing america
I don't believe either party effectively controlled the banking industry, but of course you need to categorize it as a "liberal" failure, do you have a specific explanation as to why the 2008 failure was caused by liberals other than your cut and paste references you have been recording for the last 4 years.
I don't believe either party effectively controlled the banking industry, but of course you need to categorize it as a "liberal" failure, do you have a specific explanation as to why the 2008 failure was caused by liberals other than your cut and paste references you have been recording for the last 4 years.
you want specifics.....
let this INFORM you, these problems stem from: 1993, 1995, and 1999 and you can thank the liberals for it, and most of it goes back to the clinton era. why because ECONOMICS run in 10(+/-4) year CYCLES and what we are facing NOW is in DIRECT RELATION to what happened back in the 90's
1993 NAFTA-originally pushed by Brezezenki and his puppet carter,,moved along by reagan----negotiated by another brezezenki puppet bush1--- passed in 1993 by the democrat controlled congress, pushed by clinton, signed by clinton-inceased with CAFTA by bush2--the consequence ...... 60+ million HIGH PAYING jobs have been lost, 2 trillion worth of debt from the lost wages.(and obamy wants to increase it too,,,hmmm)
1995 clinton (through his chief of HUD (Henry Cisneros and later his second chief andrew coumo)) eased the rules on obtaining mortgages allowing more 'exotic' mortgages and 'no-doc/low doc' mortgages-----the consequence ......housing SKYROCKETED causing low inventories causing a 'not normal' increase in home prices, sellers got greedy, buyers got even greedier (looking to PROFIT in a skyrocketing market by flipping) and bought THINKING that prices would still increase and their ADJUSTABLE mortgage would pay it self off in MINIMUMAL years...EVEN THOUGH THESE INCREASES IN HOME VALUES WERE TOTALLY UNHEARD OF, AND MORTGAGE RATES WERE AT 40 YEAR LOWS( what did they think an adjustable mortgage gotten at 40 year lows would do in the term(3 months-3years) when it adjusted...of course it would go up, their CONTRACT even said after the term it would be 6% PLUS PRIME)))
For many potential homebuyers, the lack of cash available to accumulate the required downpayment and closing costs is the major impediment to purchasing a home. Other households do not have sufficient available income to to make the monthly payments on mortgages financed at market interest rates for standard loan terms. Financing strategies, fueled by the creativity and resources of the private and public sectors, should address both of these financial barriers to homeownership."
The above is the start of the mortgage meltdon: Clinton's National Homeownership Strategy
those are the two biggest causes of the great recession
then add these:
1996 clinton signed The Telecommunications Act of 1996 (The Act was claimed to foster competition. Instead, it allowed industry consolidation whose actions reduced the number of major media companies from around 30 in 1993 to 10 in 1996, and reducing the 10 in 1996 to 6 in 2005.) causing MONOPOLIES, which can RAISE PRICES
1998 clinton does not allow drilling for OUR OWN OIL..the liberals say 'it will take ten years before we seee the oil'...guess what its been ten years
1999 Clinton DEREGULATES the banking industry
2000 clinton signs the China trade bill
2000 clinton signs the Commodity Futures Modernization Act of 2000..(which paves the way for ENRON)
2000/1 clinton pushes to get china into the world bank
2002 bush and medicare part d....more big government
2003/4/5 republicans try to reighn in fanny and freddie...the liberal opposition leaders (barney frank and cris Dodd) say "there is nothing wrong with fanny/freddy..its a witch hunt"........boy does barney have egg on his face now
1965 liberals push medicare....say it will only cost 10 billion by 1995....in 1995 it cost 100 billion...in 2010 it cost 500 billion AND CLIMBING
it aint the gop.....its the liberals that have cost us
carter, bush1, clinton, bush2, obama...all liberal (progressive) globalists
defaulting mortgages set the whole action into play, and i suggest if people want to really start their education on what exactly started this mess and some of the main players involved that they read "the big short" by michael lewis as their first book.
it's a very interesting look at the players on both sides of the bet and the people who made it all possible.
.
Yes great book but the problem started with banks and mortgage companies providing mortgages to unqualified buyers, if you worked for a real estate firm back in the 2007 the biggest question asked after a sale was "how did they get a mortgage for that property on their income".
Some like to blame the CRU, but they didn't tell the banks to give loans to unqualified buyers. Michael Lewis indicates there were gardeners and others, one excerp has a cleaning lady that bought a $400K condo and was thinking of buyiing a second, the mortgage companies were complict as long as prices increased,
let this INFORM you, these problems stem from: 1993, 1995, and 1999 and you can thank the liberals for it, and most of it goes back to the clinton era. why because ECONOMICS run in 10(+/-4) year CYCLES and what we are facing NOW is in DIRECT RELATION to what happened back in the 90's
1993 NAFTA-originally pushed by Brezezenki and his puppet carter,,moved along by reagan----negotiated by another brezezenki puppet bush1--- passed in 1993 by the democrat controlled congress, pushed by clinton, signed by clinton-inceased with CAFTA by bush2--the consequence ...... 60+ million HIGH PAYING jobs have been lost, 2 trillion worth of debt from the lost wages.(and obamy wants to increase it too,,,hmmm)
1995 clinton (through his chief of HUD (Henry Cisneros and later his second chief andrew coumo)) eased the rules on obtaining mortgages allowing more 'exotic' mortgages and 'no-doc/low doc' mortgages-----the consequence ......housing SKYROCKETED causing low inventories causing a 'not normal' increase in home prices, sellers got greedy, buyers got even greedier (looking to PROFIT in a skyrocketing market by flipping) and bought THINKING that prices would still increase and their ADJUSTABLE mortgage would pay it self off in MINIMUMAL years...EVEN THOUGH THESE INCREASES IN HOME VALUES WERE TOTALLY UNHEARD OF, AND MORTGAGE RATES WERE AT 40 YEAR LOWS( what did they think an adjustable mortgage gotten at 40 year lows would do in the term(3 months-3years) when it adjusted...of course it would go up, their CONTRACT even said after the term it would be 6% PLUS PRIME)))
For many potential homebuyers, the lack of cash available to accumulate the required downpayment and closing costs is the major impediment to purchasing a home. Other households do not have sufficient available income to to make the monthly payments on mortgages financed at market interest rates for standard loan terms. Financing strategies, fueled by the creativity and resources of the private and public sectors, should address both of these financial barriers to homeownership."
The above is the start of the mortgage meltdon: Clinton's National Homeownership Strategy
those are the two biggest causes of the great recession
then add these:
1996 clinton signed The Telecommunications Act of 1996 (The Act was claimed to foster competition. Instead, it allowed industry consolidation whose actions reduced the number of major media companies from around 30 in 1993 to 10 in 1996, and reducing the 10 in 1996 to 6 in 2005.) causing MONOPOLIES, which can RAISE PRICES
1998 clinton does not allow drilling for OUR OWN OIL..the liberals say 'it will take ten years before we seee the oil'...guess what its been ten years
1999 Clinton DEREGULATES the banking industry
2000 clinton signs the China trade bill
2000 clinton signs the Commodity Futures Modernization Act of 2000..(which paves the way for ENRON)
2000/1 clinton pushes to get china into the world bank
2002 bush and medicare part d....more big government
2003/4/5 republicans try to reighn in fanny and freddie...the liberal opposition leaders (barney frank and cris Dodd) say "there is nothing wrong with fanny/freddy..its a witch hunt"........boy does barney have egg on his face now
1965 liberals push medicare....say it will only cost 10 billion by 1995....in 1995 it cost 100 billion...in 2010 it cost 500 billion AND CLIMBING
it aint the gop.....its the liberals that have cost us
carter, bush1, clinton, bush2, obama...all liberal (progressive) globalists
How many times did Ron Paul try to audit the Fed ?
He was a nobody with no one to back him up.
A member of Congress is a nobody. They are not in charge of anything and for Warren, it's her first year there.
You think she welds as much power as, let's say Reid does ?
Go on youtube and watch a few videos of her lectures from years back, long before she got into politics. She does have the knowledge and articulation to nail a few scumbags in a hurry.
It was people not paying their mortgages that cratered Wall Street.
Did you forget about that..the subprime mortgages ?
To explain how the real estate disaster happened would be to throw pearls to swine. I don't plan to waste my precious time. Try educating yourself for a change.
let this INFORM you, these problems stem from: 1993, 1995, and 1999 and you can thank the liberals for it, and most of it goes back to the clinton era. why because ECONOMICS run in 10(+/-4) year CYCLES and what we are facing NOW is in DIRECT RELATION to what happened back in the 90's
1993 NAFTA-originally pushed by Brezezenki and his puppet carter,,moved along by reagan----negotiated by another brezezenki puppet bush1--- passed in 1993 by the democrat controlled congress, pushed by clinton, signed by clinton-inceased with CAFTA by bush2--the consequence ...... 60+ million HIGH PAYING jobs have been lost, 2 trillion worth of debt from the lost wages.(and obamy wants to increase it too,,,hmmm)
1995 clinton (through his chief of HUD (Henry Cisneros and later his second chief andrew coumo)) eased the rules on obtaining mortgages allowing more 'exotic' mortgages and 'no-doc/low doc' mortgages-----the consequence ......housing SKYROCKETED causing low inventories causing a 'not normal' increase in home prices, sellers got greedy, buyers got even greedier (looking to PROFIT in a skyrocketing market by flipping) and bought THINKING that prices would still increase and their ADJUSTABLE mortgage would pay it self off in MINIMUMAL years...EVEN THOUGH THESE INCREASES IN HOME VALUES WERE TOTALLY UNHEARD OF, AND MORTGAGE RATES WERE AT 40 YEAR LOWS( what did they think an adjustable mortgage gotten at 40 year lows would do in the term(3 months-3years) when it adjusted...of course it would go up, their CONTRACT even said after the term it would be 6% PLUS PRIME)))
For many potential homebuyers, the lack of cash available to accumulate the required downpayment and closing costs is the major impediment to purchasing a home. Other households do not have sufficient available income to to make the monthly payments on mortgages financed at market interest rates for standard loan terms. Financing strategies, fueled by the creativity and resources of the private and public sectors, should address both of these financial barriers to homeownership."
The above is the start of the mortgage meltdon: Clinton's National Homeownership Strategy
those are the two biggest causes of the great recession
then add these:
1996 clinton signed The Telecommunications Act of 1996 (The Act was claimed to foster competition. Instead, it allowed industry consolidation whose actions reduced the number of major media companies from around 30 in 1993 to 10 in 1996, and reducing the 10 in 1996 to 6 in 2005.) causing MONOPOLIES, which can RAISE PRICES
1998 clinton does not allow drilling for OUR OWN OIL..the liberals say 'it will take ten years before we seee the oil'...guess what its been ten years
1999 Clinton DEREGULATES the banking industry
2000 clinton signs the China trade bill
2000 clinton signs the Commodity Futures Modernization Act of 2000..(which paves the way for ENRON)
2000/1 clinton pushes to get china into the world bank
2002 bush and medicare part d....more big government
2003/4/5 republicans try to reighn in fanny and freddie...the liberal opposition leaders (barney frank and cris Dodd) say "there is nothing wrong with fanny/freddy..its a witch hunt"........boy does barney have egg on his face now
1965 liberals push medicare....say it will only cost 10 billion by 1995....in 1995 it cost 100 billion...in 2010 it cost 500 billion AND CLIMBING
it aint the gop.....its the liberals that have cost us
carter, bush1, clinton, bush2, obama...all liberal (progressive) globalists
Wall Street did it all by itself - because it could.
Do you understand what you're saying? DEREGULATION means "government hands off", so how can you blame "liberals" for freeing up Wall Street to do what it wants? It is "the left" which wants regulations enforced, and it is the right which balks at this. An unfettered Wall Street, and the cause of the crash, is a right-wing wet dream and the objective of republican economics. And since when is Clinton a liberal? If he deregulated anything, that is a right-wing move.
You are viewing the entire issue from a position at the far right.
Wall Street did it all by itself - because it could.
Do you understand what you're saying? DEREGULATION means "government hands off", so how can you blame "liberals" for freeing up Wall Street to do what it wants? It is "the left" which wants regulations enforced, and it is the right which balks at this. An unfettered Wall Street, and the cause of the crash, is a right-wing wet dream and the objective of republican economics. And since when is Clinton a liberal? If he deregulated anything, that is a right-wing move.
You are viewing the entire issue from a position at the far right.
How many have been prosecuted the last 5 years? Neither party is for regulations. Neither party cares. Neither the "right" or "left" actually accepts this outside of those labeled "right" or "left" as elected officials.
It's a huge waste of time to pass regulation after regulation that will not be enforced. We have the regulations in place right now that we could prosecute many of the Wall Street villains but the government refuses to. If they refuse to enforce current laws why do you think new ones will somehow be different?
Wall Street did it all by itself - because it could.
Do you understand what you're saying? DEREGULATION means "government hands off", so how can you blame "liberals" for freeing up Wall Street to do what it wants? It is "the left" which wants regulations enforced, and it is the right which balks at this. An unfettered Wall Street, and the cause of the crash, is a right-wing wet dream and the objective of republican economics. And since when is Clinton a liberal? If he deregulated anything, that is a right-wing move.
You are viewing the entire issue from a position at the far right.
yes '''some ''' deregulation MIGHT have added to it
but the REGULATORY GUIDANCE from HUD/FANNIE/FREDDIE is what caused it
when the LENDING ORGANIZATION (BANKS) wanted 20% down, less than 30% of gross to housing, with credit checks...yet the GOVERMENT MANDATED less than 20%( remember clinton HAILING 0% down) no-doc (no need to verify you EMPLOYMENT and INCOME RATIO......all before 1999 when clinton deregulated GS
sorry pal, but the government REGULATION is what did it
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