Crony capitalism
Comments
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GDP growth is a drug seeking behavior
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Are you fucks really trying to paint Banks as an innocent player in the 2008 fiasco?
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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?
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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.Gwad said: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?
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Dude I know you're upset with yourself but go read a book jesus fucking christ. Your idea of how shit went down is fucked up.
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Do you pretend the strawman is Hondo when you fuck it in the ass?
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? -
SFGbob said:
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.
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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.
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I mean do you really even want to know? Or do you just want to swing your argument dick around?
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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.Gwad said:SFGbob said: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.
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.
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Who are Freddie and Fannie? Do they post here?SFGbob said:
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.Gwad said:SFGbob said: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.
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.
Jumbo mortgages are held by the bank. You don’t have one? -
No.2001400ex said:
You asked this question.SFGbob said:
Google it. How did that vote total image address anything I said Hondo?2001400ex said:
Ok. Give me your synopsis of the recession.SFGbob said: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.
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.
