Trump or Sanders 2020?

What's your vote?

  • Trump

  • Sanders

  • OP has a microscopic penis

  • 3rd party


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Shua1991

Well-Known Member
Yeah because being a minority has been such a boon in our country.
She never lived the actual experience, she's Elizabeth Warren, who used to be a republican. She voted for reagan LOL. C'mon, let's be serious here. You think she can speak to any real native American experience?

This is known as cultural appropriation in feminist circles.
 

hanimmal

Well-Known Member
She never lived the actual experience, she's Elizabeth Warren, who used to be a republican. She voted for raegan LOL. C'mon, let's be serious here. You think she can speak to any real native American experience?

This is known as cultural appropriation in feminist circles.
Are you upset about her believing she was a Indian or are you under the delusion that she 'got something' for it?

She has a very good understanding of the American middle class economy and how to help it.

 

hanimmal

Well-Known Member
It's true. I would've voted for Obama if I was old enough because his platform was progressive. His cabinet was mostly decided by a letter from citigroup. He let the banks get away with tanking our economy. Corporate stooges who serve future monopolies are not on our side.
Banks didn't tank the economy. You should learn the differences between 'banks' and 'non-bank financial institutions'.

The banks are heavily regulated and did not cause the financial collapse in 2008, it was the corporations that were not a part of the banks that over leveraged the housing market due to the lax laws that the Republicans left open after the S&L collapse in the 80s and a steady deregulation of them in the decades after.
 

ChiefRunningPhist

Well-Known Member
Banks didn't tank the economy. You should learn the differences between 'banks' and 'non-bank financial institutions'.

The banks are heavily regulated and did not cause the financial collapse in 2008, it was the corporations that were not a part of the banks that over leveraged the housing market due to the lax laws that the Republicans left open after the S&L collapse in the 80s and a steady deregulation of them in the decades after.
Banks tanked the economy. They progressively dropped their loan criteria to the point they provided ninja loans (high risk, no income, no job, no asset), which were sold to wall street and rebundled as low risk MBS's. They made up positive ratings for tranches containing mortgages with no means of repayment and sold to the world bank as low risk investments.
 
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hanimmal

Well-Known Member
Banks tanked the economy. They progressively dropped their loan criteria to the point they provided nina loans (high risk, no income no asset), which were sold to wall street and rebundled as low risk MBS's. They made up positive ratings for tranches containing mortgages with no means of repayment and sold to the world bank as low risk investments.
Name one bank that did that.

You are confusing 'financial lenders' with banks. Banks have far tighter laws that don't allow the same garbage loans because they hold the public's deposits. And are under the "Federal Reserve Banking System', have to pay insurance, etc. The loans that were being given to people who had no reasonable ability to pay them back were done through companies like "Quicken Loans" that are not banks.

These were the ones that melted the market by over leveraging the system, and the SEC was their overseer. And they didn't have any legal ability to stop it.
 

ChiefRunningPhist

Well-Known Member
Name one bank that did that.

You are confusing 'financial lenders' with banks. Banks have far tighter laws that don't allow the same garbage loans because they hold the public's deposits. And are under the "Federal Reserve Banking System', have to pay insurance, etc. The loans that were being given to people who had no reasonable ability to pay them back were done through companies like "Quicken Loans" that are not banks.

These were the ones that melted the market by over leveraging the system, and the SEC was their overseer. And they didn't have any legal ability to stop it.
I thought Countrywide and Washington Mutual were? Investment banks are different than typical banks and I'm not disputing they were to blame.
 

ChiefRunningPhist

Well-Known Member
Yeah those are slightly different, it gets into the weeds a bit, but they were different enough to skirt all the laws that 'banks' have to follow.
This is where I got my info from... They are great shows...


Housing market crash...


Rising healthcare and insurance costs...

 

hanimmal

Well-Known Member
This is where I got my info from... They are great shows...


Housing market crash...


Rising healthcare and insurance costs...

I like these/recommend these books as a beginning guide to understanding the financial system and why it failed in 2008:
1580760593554.jpeg https://www.pearson.com/store/p/money-banking-and-the-financial-system/P100002572674/9780134524061

https://www.amazon.com/Shadow-Banking-System-Transparency-Institutions-ebook/dp/B01FYBAAUE

https://www.amazon.com/Return-Depression-Economics-Crisis-2008/dp/0393337804
 
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