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So here we have Fannie and Freddie holding or guaranteeing ~$6 trillion in US mortgages with taxpayer money, many of which were no doc liar loans, and governments and investers worldwide stuck with Fannie's and Freddie's repackaged and resold toxic mortgage products, and Barney Frank has stood in the way of regulation and reform for over a decade. Some smart guy.
Your cockamamie version of history has been debunked in prior threads. It has not since become any more lucid or meaningful. I've posted this before, and you haven't read it before. So here...don't read it again. But for others who might like a peak behind the curtain at what was going on in the world of unfettered, laisez-faire, free-market, cowboy capitalism from about 2002 to 2006, here's a valuable chance at that...
None of this was going on at the behest of the GSE's. The GSE's bought no signficant sub-prime paper until 2002, when they bought about the top 10% of all issuances, which was still a very tiny fraction of their overall mortgage purchases. By about the time the crisis hit the fan, GSE market share had fallen from well over 50% to less than 25%. Where did all the rest of that paper go? Wall Street. Where they stripped off the profit and sold off the risk until the secondary markets finally choked on it all and the walls came tumbling down. And Bushie's supposed regulators just sat there and watched them do it. Helped them do it, actually.
he is clearly incompetent, shortsighted, and criminal in his behavior. why would anyone listen to him?
because in this case he is correct!
What I don't get about the crazies on the right comparing Obama to Hitler (this woman said something about deciding who is fit to live and who is not, I think), is that the right seems to think that if a person is unemployed, or poor, or their job doesn't offer health benefits, then they somehow don't deserve the same medical treatment as the rest of us. Sounds like they are the ones who think they can decide who is worthy of health care and who is not.
Your cockamamie version of history has been debunked in prior threads.
Only in your deluded mind. Bernanke publicly admits it's true, why won't you?
Quote:
None of this was going on at the behest of the GSE's. The GSE's bought no signficant sub-prime paper until 2002, when they bought about the top 10% of all issuances, which was still a very tiny fraction of their overall mortgage purchases. By about the time the crisis hit the fan, GSE market share had fallen from well over 50% to less than 25%. Where did all the rest of that paper go? Wall Street. Where they stripped off the profit and sold off the risk until the secondary markets finally choked on it all and the walls came tumbling down.
That's exactly what Fannie did beginning in 2000 (when the removed document was published) or earlier - or did you miss the part where Fannie was labeling the no doc liar loans they bought from Countrywide as 'prime' before reselling them?
Last edited by InformedConsent; 08-19-2009 at 01:15 PM..
And here is another example of an elistist attitude. You feel superior to everyone, without regard to evidence to the contrary.
WHAT evidence to the contrary? All you and your cohort have done is whine. The lot of you have failed to put up material or cogent comments, and when that's pointed out to you, you post more defensive whining. This, I suspect, is all that you have, in which case the other side is going to end up being superior by default...
And where is forced sterilization ok'd or advocated in the health care bill?
John Hodren, the Director of the White House Office of Science and Technology Policy, has advocated government forced sterilization in his 1973 book "Population and the American Predicament: The Case Against Complacency", and in the book he co-authored in 1977 with Paul Ehrlich and Anne Ehrlich "Ecoscience: Population, Resource, Environment" (ISBN 0716705672)
The only reason they made the comparison is because Bush came up with The Patriot Act.
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Originally Posted by baybook
Did peopel refer to Bush as Hitler? If so, they were fools too. I disagreed with many of his political views, but that's it. We disagreed. I don't waste my time calling him Hiter, or a racist or dumb. That's a waste of time
And if those political adversaries were actually behaving like Nazis....
Unless they are Nazis which would be apparent by their swastikas and racist out busts, and I cannot see why you would be debating a Nazi rather then shuning him/her, that kind of extreme comparison kills your argument in a civil debate. More to the point, it just shows you cannot debate your point on facts rather then name calling.
Last edited by Randomstudent; 08-19-2009 at 01:38 PM..
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At a Barney Frank town hall meeting in Dartmouth, MA, a constituent asks, "Why are you supporting this Nazi policy?"
Frank responds: "On what planet do you spend most of your time?" He then calls her approach "vile, contemptible
nonsense." He closes by saying: "Trying to have a conversation with you would be like arguing with a dining room table."
omg, barney handled this rw nutbag head on.... She had the expression of a deer in headlights...
Hmm way was it ok for you liberal nutbags to compare Bush to just about every vile thing imaginable but when we compare Ahole-Obama to Hitler you all cry like little babies..Its amazing !
And yes I do compare this idiot Obama to Hitler..why...
Hmmm lets see, In the begining of Hitlers term he took over the Auto ind./Health care and the banks and we see what happened next so why do you left wing nuts have a problem with the truth!
You know in our time many people look back at 1930's and 40's German history and say.."How could those people let that happen".....Well as we see its not that hard...We have a Socialist nut in office and hes trying the same sh*t in the 2000's...
So for all you fools out there who say .."Stop calling him Hitler"...cry me a river!
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She had the expression of a deer in headlights...
