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Basically Obama and the democrats are getting what they created;a media that is dependent on their sources . But now the democrats are the target of these sources that the news media depends on.When you are in power the media goes after you;when your not they could careless because it doesn't sale. The republicans are going the same after eight years of constant attack against them. Its just the roles being reverse.Nothing new here.,
Funny.
If you knew what you were talking about it would have taken all of 30 seconds to answer my question about your first post.
Instead you spend how many posts avoiding the question?
LMAO You keep avoiding this question. How is Obamas plan working? Please list the examples where this type of "economic strategy" works. You have no answer, just foolish banter.
Gramm, Leach, Bailey plus "working group", signed by Bill Clinton.
NAFTA, signed by Bill Clinton.
When the two chambers could not agree on a joint version of the bill, the House voted on July 30th by a vote of 241-132 (R 58-131; D 182-1; Ind. 1–0) to instruct its negotiators to work for a law which ensured that consumers enjoyed medical and financial privacy as well as "robust competition and equal and non-discriminatory access to financial services and economic opportunities in their communities" (i.e., protection against exclusionary redlining).
"The Federal Reserve may not permit a company to form a financial holding company if any of its insured depository institution subsidiaries are not well capitalized and well managed, or did not receive at least a satisfactory rating in their most recent CRA exam.
If any insured depository institution or insured depository institution affiliate of a financial holding company received less than a satisfactory rating in its most recent CRA exam, the appropriate Federal banking agency may not approve any additional new activities or acquisitions under the authorities granted under the Act."
Next time you're in Detroit, I'll take you on a tour of Detroit residential areas so you can see the burnt, vandelized and abandoned houses where your retirement plan went. The CRA is at the heart of the issue. Clinton sent Reno on a mission and the rest is NINJA loan history. Had S.190 not been greeted with a threatened Democrat filibuster, we would be talking about something else.
post links other than conservatively based then talk otherwise its nothing but slanted news
one thing though democrats do have the balls to admit wrong doing the other guys well their to space headed
Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market. This is because the special privileges of Fannie, Freddie, and HLBB have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions. As a result, capital is diverted from its most productive use into housing. This reduces the efficacy of the entire market and thus reduces the standard of living of all Americans.
However, despite the long-term damage to the economy inflicted by the government’s interference in the housing market, the government’s policies of diverting capital to other uses creates a short-term boom in housing. Like all artificially-created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as their equity is wiped out. Furthermore, the holders of the mortgage debt will also have a loss. These losses will be greater than they would have otherwise been had government policy not actively encouraged over-investment in housing.
Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market. This is because the special privileges of Fannie, Freddie, and HLBB have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions. As a result, capital is diverted from its most productive use into housing. This reduces the efficacy of the entire market and thus reduces the standard of living of all Americans.
However, despite the long-term damage to the economy inflicted by the government’s interference in the housing market, the government’s policies of diverting capital to other uses creates a short-term boom in housing. Like all artificially-created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as their equity is wiped out. Furthermore, the holders of the mortgage debt will also have a loss. These losses will be greater than they would have otherwise been had government policy not actively encouraged over-investment in housing.
No argument here. FDR really screwed us with feel-good nanny-state programs that solved the problems of the day but went too far giving government too much control of a free market that functions best when it controls itself.
In this case, size does not matter.
I agree with your earlier statement the problem was caused by both dems and repubs. I feel the man in charge is the one I should hold responsible as well as my state representatives who voted for the bailout.
Bush is perhaps guilty of whistling past the grave yard on this one since he was aware of the potential problem going back to 2001. He and other prominent Republicans attempted oversight reform of OFFIEO (see S.190), but they didn't fight hard enough when they had control of the Congress. Democrats, including BO and the leadership, are without excuse and the people who drove the bus off the cliff. If Bush is guilty of putting out the fire with Dom Perignon, BO and the rest of the Democrats who were on the GSE payroll are guilty of that plus starting the fire in the first place.
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