I love how the dipshit thinks his posting the House vote totals from the repeal of Glass-Steagall addresses even one of the questions I asked. Hondo lets go of the side of the kiddie pool and sinks like a rock.
Ok. Give me your synopsis of the recession.
Google it. How did that vote total image address anything I said Hondo?
I love how the dipshit thinks his posting the House vote totals from the repeal of Glass-Steagall addresses even one of the questions I asked. Hondo lets go of the side of the kiddie pool and sinks like a rock.
Ok. Give me your synopsis of the recession.
Google it. How did that vote total image address anything I said Hondo?
You asked this question.
Now, what was it that allowed the lender to move all of those questionable loans off of their books?
You don't think the glass steagal repeal had anything to do with it?
I love how the dipshit thinks his posting the House vote totals from the repeal of Glass-Steagall addresses even one of the questions I asked. Hondo lets go of the side of the kiddie pool and sinks like a rock.
Ok. Give me your synopsis of the recession.
Google it. How did that vote total image address anything I said Hondo?
You asked this question.
Now, what was it that allowed the lender to move all of those questionable loans off of their books?
You don't think the glass steagal repeal had anything to do with it?
Now give me your synopsis of the recession.
Glass-Steagal allowed the banks to get bigger. It didn't create the secondary mortgage market and the relaxing of lending standards or the rating agency fraud. If you really want to look at one item to blame the 2008 financial meltdown on blame Fannie and Freddie. Without their creation you would have never of had climate that existed that led to mortgage meltdown.
I love how the dipshit thinks his posting the House vote totals from the repeal of Glass-Steagall addresses even one of the questions I asked. Hondo lets go of the side of the kiddie pool and sinks like a rock.
Ok. Give me your synopsis of the recession.
Google it. How did that vote total image address anything I said Hondo?
You asked this question.
Now, what was it that allowed the lender to move all of those questionable loans off of their books?
You don't think the glass steagal repeal had anything to do with it?
Now give me your synopsis of the recession.
Glass-Steagal allowed the banks to get bigger. It didn't create the secondary mortgage market and the relaxing of lending standards or the rating agency fraud. If you really want to look at one item to blame the 2008 financial meltdown on blame Fannie and Freddie. Without their creation you would have never of had climate that existed that led to mortgage meltdown.
There isn't just one thing. Fannie and Freddie was one component but not the biggest. Banks lending money to unqualified people was the biggest factor. You are correct on the rating agency bullshit and them packaging shit mortgages and selling them to free up more capital to lend more was an issue. Then the selling of derivatives of those bullshit mortgage packages made it even worse.
I love how the dipshit thinks his posting the House vote totals from the repeal of Glass-Steagall addresses even one of the questions I asked. Hondo lets go of the side of the kiddie pool and sinks like a rock.
Ok. Give me your synopsis of the recession.
Google it. How did that vote total image address anything I said Hondo?
You asked this question.
Now, what was it that allowed the lender to move all of those questionable loans off of their books?
You don't think the glass steagal repeal had anything to do with it?
Now give me your synopsis of the recession.
Glass-Steagal allowed the banks to get bigger. It didn't create the secondary mortgage market and the relaxing of lending standards or the rating agency fraud. If you really want to look at one item to blame the 2008 financial meltdown on blame Fannie and Freddie. Without their creation you would have never of had climate that existed that led to mortgage meltdown.
There isn't just one thing. Fannie and Freddie was one component but not the biggest. Banks lending money to unqualified people was the biggest factor. You are correct on the rating agency bullshit and them packaging shit mortgages and selling them to free up more capital to lend more was an issue. Then the selling of derivatives of those bullshit mortgage packages made it even worse.
Started by Jimmy the Peanut and expanded by Wet Willy Clinton. Run by Faggy Barney Frank and his boyfriend. All Commiecrats. HTH
I love how the dipshit thinks his posting the House vote totals from the repeal of Glass-Steagall addresses even one of the questions I asked. Hondo lets go of the side of the kiddie pool and sinks like a rock.
Ok. Give me your synopsis of the recession.
Google it. How did that vote total image address anything I said Hondo?
You asked this question.
Now, what was it that allowed the lender to move all of those questionable loans off of their books?
You don't think the glass steagal repeal had anything to do with it?
Now give me your synopsis of the recession.
Glass-Steagal allowed the banks to get bigger. It didn't create the secondary mortgage market and the relaxing of lending standards or the rating agency fraud. If you really want to look at one item to blame the 2008 financial meltdown on blame Fannie and Freddie. Without their creation you would have never of had climate that existed that led to mortgage meltdown.
There isn't just one thing. Fannie and Freddie was one component but not the biggest. Banks lending money to unqualified people was the biggest factor. You are correct on the rating agency bullshit and them packaging shit mortgages and selling them to free up more capital to lend more was an issue. Then the selling of derivatives of those bullshit mortgage packages made it even worse.
I love how the dipshit thinks his posting the House vote totals from the repeal of Glass-Steagall addresses even one of the questions I asked. Hondo lets go of the side of the kiddie pool and sinks like a rock.
Ok. Give me your synopsis of the recession.
Google it. How did that vote total image address anything I said Hondo?
You asked this question.
Now, what was it that allowed the lender to move all of those questionable loans off of their books?
You don't think the glass steagal repeal had anything to do with it?
Now give me your synopsis of the recession.
Glass-Steagal allowed the banks to get bigger. It didn't create the secondary mortgage market and the relaxing of lending standards or the rating agency fraud. If you really want to look at one item to blame the 2008 financial meltdown on blame Fannie and Freddie. Without their creation you would have never of had climate that existed that led to mortgage meltdown.
There isn't just one thing. Fannie and Freddie was one component but not the biggest. Banks lending money to unqualified people was the biggest factor. You are correct on the rating agency bullshit and them packaging shit mortgages and selling them to free up more capital to lend more was an issue. Then the selling of derivatives of those bullshit mortgage packages made it even worse.
Now you can answer the questions I asked in my initial post. You know the one where you posted the vote totals for the repeal of Glass-Stegal. Without Fannie and Freddie, and the creation of the secondary mortgage market and the widespread securitization of home loans, banks would have never made those loans in the first place. If those loans would have stayed on the books of the banks that did the lending you would have never had people making liar loans, no money down, zero interest loans.
I never claimed it was just one thing that led to the Financial meltdown. But Glass-Stegal had little if anything to do with mortgage meltdown. That's a lib talking point with no validity. But if you were to go back in a time machine and change one thing, stopping the creation of Fannie and Freddie would have halted the series of actions and events that followed that led to housing meltdown and it's a great example of how Government distorts the free market often with disastrous consequences.
I love how the dipshit thinks his posting the House vote totals from the repeal of Glass-Steagall addresses even one of the questions I asked. Hondo lets go of the side of the kiddie pool and sinks like a rock.
Ok. Give me your synopsis of the recession.
Google it. How did that vote total image address anything I said Hondo?
You asked this question.
Now, what was it that allowed the lender to move all of those questionable loans off of their books?
You don't think the glass steagal repeal had anything to do with it?
Now give me your synopsis of the recession.
Glass-Steagal allowed the banks to get bigger. It didn't create the secondary mortgage market and the relaxing of lending standards or the rating agency fraud. If you really want to look at one item to blame the 2008 financial meltdown on blame Fannie and Freddie. Without their creation you would have never of had climate that existed that led to mortgage meltdown.
There isn't just one thing. Fannie and Freddie was one component but not the biggest. Banks lending money to unqualified people was the biggest factor. You are correct on the rating agency bullshit and them packaging shit mortgages and selling them to free up more capital to lend more was an issue. Then the selling of derivatives of those bullshit mortgage packages made it even worse.
Breathtaking stupidity
Yep, one of the ways the banks were initially enticed to make loans to people who previously didn't have the credit and income scores to get a mortgage was the lowering of the standards Freddie and Fannie used in order to purchase the originals loans. Bank balked when they were initially being pressured to issue more sub-prime loans. To overcome their resistance the Feds used some stick (we're going to hold up your merger or expansion) and a lot of carrot, you won't have to keep those loans on your books, Freddie and Fannie will buy those loans from you.
Bobo goes to shit on Hondo's idea of the GSA repeal being a player in 2008 and purports Fannie and Freddy being the soul player in the 2008 Fiasco. What the fuck are you?
Bobo goes to shit on Hondo's idea of the GSA repeal being a player in 2008 and purports Fannie and Freddy being the soul player in the 2008 Fiasco. What the fuck are you?
That’s a good Kunt get on in there and fuck that strawman’s ass, hope you enjoy your fill of Hondo’s sloppy seconds.
And banks would have never made those loans if the Government hadn't created the secondary mortgage market with the creation of Fannie and Freddie. Wall Street definitely exacerbated the problem but the problem would have never gotten as large as it did without the creation of Fannie and Freddie.
I mean that seems on par with your argument that the banks are some innocent player that were just being banks and that if the fran and fred didn't exist shit wouldn't have gone tits up. this is fucked up.
And banks would have never made those loans if the Government hadn't created the secondary mortgage market with the creation of Fannie and Freddie. Wall Street definitely exacerbated the problem but the problem would have never gotten as large as it did without the creation of Fannie and Freddie.
Okay, so you're both a liar and a moron. If I say that "Wall Street exacerbated the problem" and I also refer to the "relaxing of lending standards" and I also reference the "rating agency fraud" I'm not quite saying that the "soul" reason for the 2008 financial meltdown was Fannie and Freddie.
Was Don James quitting the "soul" reason why Washington ended up going 0-12? No, but it was the catalyst that set a lot of other shit in motion and without that catalyst it doesn't happen.
I never said banks were "innocent players" you're just fucking strawman ass because you're stupid.
What's the constants in life other than death and taxes and Hondo's stupidity? Human greed.
The banks and the mortgage lenders made these shit loans because they could. They could make money off of these liar loans and they didn't have to worry about the consequences because Fannie and Freddie, and later on the Wall Street investment houses were buying up all of the shit paper that they could generate. What happened to change the lending standards? Who and what created this secondary market for mortgages? Who gave investors the belief that these loans were backed by the full faith and credit of the US Government?
What happened to a bank that extended someone a mortgage prior to the existence of Fannie and Freddie? Who held that note? If someone defaulted on that loan who was out their money? It took time but Fannie and Freddie changed the entire dynamic of mortgage lending and they created the secondary market for mortgage paper. When Wall Street saw how much money they were making they moved in and then shit really got out of hand but none of this happens in the first place without the creation of Fannie and Freddie.
Comments
Now, what was it that allowed the lender to move all of those questionable loans off of their books?
You don't think the glass steagal repeal had anything to do with it?
Now give me your synopsis of the recession.
I never claimed it was just one thing that led to the Financial meltdown. But Glass-Stegal had little if anything to do with mortgage meltdown. That's a lib talking point with no validity. But if you were to go back in a time machine and change one thing, stopping the creation of Fannie and Freddie would have halted the series of actions and events that followed that led to housing meltdown and it's a great example of how Government distorts the free market often with disastrous consequences.
You’re either a moron or a dishonest piece of crap I never claimed that Freddie and Frannie were the “soul” player in the 2008 meltdown.
So which is it?
Was Don James quitting the "soul" reason why Washington ended up going 0-12? No, but it was the catalyst that set a lot of other shit in motion and without that catalyst it doesn't happen.
I never said banks were "innocent players" you're just fucking strawman ass because you're stupid.
What's the constants in life other than death and taxes and Hondo's stupidity? Human greed.
The banks and the mortgage lenders made these shit loans because they could. They could make money off of these liar loans and they didn't have to worry about the consequences because Fannie and Freddie, and later on the Wall Street investment houses were buying up all of the shit paper that they could generate. What happened to change the lending standards? Who and what created this secondary market for mortgages? Who gave investors the belief that these loans were backed by the full faith and credit of the US Government?
What happened to a bank that extended someone a mortgage prior to the existence of Fannie and Freddie? Who held that note? If someone defaulted on that loan who was out their money? It took time but Fannie and Freddie changed the entire dynamic of mortgage lending and they created the secondary market for mortgage paper. When Wall Street saw how much money they were making they moved in and then shit really got out of hand but none of this happens in the first place without the creation of Fannie and Freddie.