Dan Kone
Well-Known Member
What party were Phill Gramm, Jim Leach, and Tom Bliley in? Kind of disingenuous to blame Clinton for a law written by 3 republicans.
Thank you tea party patriots!
- Thread starter Dan Kone
- Start date
Doer
Well-Known Member
Oh, Kroney.
All trails will lead to any blame any partisan wants to lay. Pay attention. I don't take sides.
The idea of increasing home ownership began by an Act of Congress and signed into Law by Bill.
You can pick your teeth on all the minutia
and spread the blame for fame.
Everyone does it.
The best don't show it.
Only your friends will tell you.
Blame is the name of the game.
Doer
All trails will lead to any blame any partisan wants to lay. Pay attention. I don't take sides.
The idea of increasing home ownership began by an Act of Congress and signed into Law by Bill.
You can pick your teeth on all the minutia
and spread the blame for fame.
Everyone does it.
The best don't show it.
Only your friends will tell you.
Blame is the name of the game.
Doer
Doer
Well-Known Member
And, btw, it was continued by all Presidents and the Congress until it failed. Why it failed is we elect people, lawyers, actually that have their heads up their asses....in a good way...sqweeky clean seeming. And with large, do good intentions and are easily handled.
If they stay voted they become the handlers. The Committee Chairs...not Magic. And just self rule. Frank being a handler was insulated from the particulars. The laws were not broken, the intention very good, but rules too loose. And China would not take our word for the Traunces and their IRR, rating, etc.
Being an American, I take credit and blame for all of self rule. If you really take this partisanship too far, it clouds the mind with emotion. To simply take sides and not gain any personal advantage is a game for fools, ahem...I mean voters, of course. And those looking to get laid.
The ones that are in it for power....all of the elected, appointed, staffers and interns....all are in for gain.
Why should I take sides?...no profit in it.
If they stay voted they become the handlers. The Committee Chairs...not Magic. And just self rule. Frank being a handler was insulated from the particulars. The laws were not broken, the intention very good, but rules too loose. And China would not take our word for the Traunces and their IRR, rating, etc.
Being an American, I take credit and blame for all of self rule. If you really take this partisanship too far, it clouds the mind with emotion. To simply take sides and not gain any personal advantage is a game for fools, ahem...I mean voters, of course. And those looking to get laid.
The ones that are in it for power....all of the elected, appointed, staffers and interns....all are in for gain.
Why should I take sides?...no profit in it.
UncleBuck
Well-Known Member
i was going back a little further.*
In 1992, President George H.W. Bush signed the Housing and Community Development Act of 1992.[SUP][15][/SUP]*The Act amended the charter of Fannie Mae and Freddie Mac to reflect the Democratic Congress' view that the*GSEs*"... have an affirmative obligation to facilitate the financing of affordable housing for low- and moderate-income families in a manner consistent with their overall public purposes, while maintaining a strong financial condition and a reasonable economic return;"[SUP][16][/SUP]*For the first time, the GSEs were required to meet "affordable housing goals" set annually by the Department of Housing and Urban Development (HUD) and approved by Congress.*
bet you didn't know that i was capable of blaming bush I!
cannabineer
Ursus marijanus
Not really. It co-opted the captains of industry into an oligarchic command economy. While I respect Orwell, he had this one wrong.
ChesusRice
Well-Known Member
No he gets equal blame for this piece of shit law
Yeah he can have the excuse of "he didnt know any better" But he should of.
ChesusRice
Well-Known Member
i was going back a little further.*
In 1992, President George H.W. Bush signed the Housing and Community Development Act of 1992.[SUP][15][/SUP]*The Act amended the charter of Fannie Mae and Freddie Mac to reflect the Democratic Congress' view that the*GSEs*"... have an affirmative obligation to facilitate the financing of affordable housing for low- and moderate-income families in a manner consistent with their overall public purposes, while maintaining a strong financial condition and a reasonable economic return;"[SUP][16][/SUP]*For the first time, the GSEs were required to meet "affordable housing goals" set annually by the Department of Housing and Urban Development (HUD) and approved by Congress.*
bet you didn't know that i was capable of blaming bush I!
Bush gets equal blame along with the Republican Congress for that piece of shit law
UncleBuck
Well-Known Member
i think bush I and the democratic congress did a good job with that update to fannie and freddie.
there probably should have been some better oversight to ensure the "strong financial condition" part of it though.
but that's too much government.
Dr Kynes
Well-Known Member
democrats had dominant control over the house and senate during GHWB's entire term.
really, you need to lie better.
Dan Kone
Well-Known Member
Not the excuse of "he didn't know any better", more like "he could either choose to accept these republican conditions or they'd block his entire agenda."
Also, no one really knew. Not the democrats, not republicans, not you, not me, not economists, not even bankers at that time.
There were other conditions that were required to set up those events such as congressional republicans allowing banks to over leverage themselves even further a few years later.
The problem is that these economic flaws were not detected allowing the problem to fester for 8 years because the SEC was gutted during the Bush administration in the name of small government.
ChesusRice
Well-Known Member
I don think he was pressured by Newt the Adulterer and gang over this. I think at the time it was pushed as a way to catapult the economy even higher than the stratosphere it was going thru at the time. Yes the SEC was gutted during Bushes time. But even without the Gutting. This single piece of shit legislation would fester a gangrenous wound that almost put us into the dark ages. And I am sure the Lobbyists behind it made a killing even after our economy was amputated in 2007
ChesusRice
Well-Known Member
And something really important I should add from personal experience.
We bought a house in 2006, at first we got hooked up with a Mortgage Broker (before we went to a bank)
He tried to sell me on a 13% APR and said we were sub prime. We werent. Anyways the guy said to me they could put anyone in a house becuase it didnt matter. The loan originator was going to bundle up all the mortgages into a package and sell it to someone else, who would sell it to someone else.
So everytime i hear some right tard talking about how banks were forced to make loans I want to smack a bitch.
They werent forced by anyone to make any loans. They did everything in their power to get the loans approved and then move them off the balance sheets and make a profit regardless of risk
We bought a house in 2006, at first we got hooked up with a Mortgage Broker (before we went to a bank)
He tried to sell me on a 13% APR and said we were sub prime. We werent. Anyways the guy said to me they could put anyone in a house becuase it didnt matter. The loan originator was going to bundle up all the mortgages into a package and sell it to someone else, who would sell it to someone else.
So everytime i hear some right tard talking about how banks were forced to make loans I want to smack a bitch.
They werent forced by anyone to make any loans. They did everything in their power to get the loans approved and then move them off the balance sheets and make a profit regardless of risk
Dr Kynes
Well-Known Member
Dr Kynes
Well-Known Member
because the banks were REQUIRED UNDER LAW to give a set quota of home loans to unqualified high risk borrowers or be cut out of the lucrative government subsidized loan business.
every time a lefty pretends the laws and regulations dont exist i want to stuff their heads into a toilet and flush repeatedly.
abandonconflict
Well-Known Member
Sounds like some good old socioeconomic stratification to me.
Dr Kynes
Well-Known Member
thats the key to socialism, our "betters" become the party aparatchiks, and they tell us how shit is gonna be.
anyone who dissents goes to the gulag for "re-education" in the joys of scientific marxism, or into the labour camps or the ovens.
UncleBuck
Well-Known Member
do you really worry about a bill like that being passed into law in the united states at any point?
abandonconflict
Well-Known Member
war is peace, freedom is slavery, ignorance is strength, fascism is socialism
UncleBuck
Well-Known Member
he will beat you down with purple prose until you accept what his definition of what any given "ism" is.