Party That Mocked President’s Lack of Experience Favors One with No Experience Whatsoever

You think calling out plagiarism is equal to aggression, do you?

 

The S&L disaster cost the taxpayers of the United States over $1 BILLION, but never mind. Those who push deregulation don't worry about things like that. Why should they? As long as you've bought and paid for politicians who're willing to cut your tax rate while they work to deregulate your industry, you're in a win-win situation. As IQless1 said, the lesson from the S&L crisis was ignored, and the cookie jar was re-opened for the grifters to come.

 

No, but I did not know what he plagiarized. I would also observe regulations could be abused, like anything. Certainly, no one wants toxic waste dumped into streams (which includes Theodore skinny dipping), but no one wants the EPA shutting down a business in the middle of nowhere because a snail darter could be endangered, except environmental fanatics, and doing what they say just creates more problems than solves.

 

You missed it. Even though L'Emmerdeur showed us, you somehow missed it.

Is it ignorance?

 

Is it bliss?

 

I am sorry. I thought I had italicized my quotes. You caught me. Are you proud? Now, I admitted it.

I wonder why... Oh, never mind. You wouldn't like that either.

BTW, is there something about my error that offends you more than JoeNastion's perpetual "plagiarism"?

 

Maybe just because I have caught him more than once. Or maybe just because he is acting the typical liberal and cannot discuss anything without trying to insult the other side. Or maybe it is both.

 

Thank you.

 

Again, thank you.

You and I are not that unalike, in that we can admit a minor infraction of diction, or thought, from time to time.

I don't hate you rlm, I simply have a difference of opinion, in regards to politics.

 

You realize the sub-prime mortgage fiasco was a result of Clinton forcing lenders to relax their underwriting & verification requirements, right? It wasn't "deregulation", it was the liberal's belief that home ownership was somehow a right that got this all started.

 

OMG! I will have to try harder.

 

What immediately comes to mind is the question whether this is simply another example of your intellectual dishonesty, or an admission of a minor error. Prior experience of your behavior on this site leads me to believe the former, but with no other evidence to support that belief, I can't make any sort of determination. I'll put it this way: I generally don't consider statements you make here to be trustworthy.

Posting walls of obvious copy-pasted material without attribution, as JoeNation sometimes does, is not the same as cobbling together a post paragraph by paragraph from various sources without acknowledging that you actually wrote only one sentence of the post yourself. If I were to catch JoeNation engaging in that sort of behavior, I would call him out for it, just as I did with you. If it'd make you feel better to see me nagging JoeNation to cite his sources, I'd certainly be willing to consider doing that.

 

In a thorough examination of the causes and effects of the mortgage meltdown, Clinton's name is not mentioned even once. "The Subprime Lending Crisis: Causes and Effects of the Mortgage Meltdown"

Can you cite a reputable source that supports your assertion?

 

Funny, Goldman Sachs just paid a 5 billion dollar fine for selling toxic assets leading to the biggest financial meltdown in the modern age. You continue to push long ago debunked Right-wing conspiracy theories in spite of the truth. What does that make YOU? A partisan moron.

Goldman Sachs to pay $5B fine for RMBS activities
Agreement resolves civil claims tied to firm’s practices in lead-up to financial crisis
January 14, 2016 06:15PM

Investment banking giant Goldman Sachs is set to pay more than $5 billion to settle civil claims tied to the firm’s securitization, underwriting and sale of residential mortgage-backed securities in the lead-up to the global financial crisis.

The Battery Park City-based institution will pay nearly $2.4 billion in civil monetary penalties, as well as $875 million in cash payments and $1.8 billion in consumer relief, for its RMBS practices between 2005 and 2007, it said in a statement Thursday.

- See more at: http://therealdeal.com/2016/01/14/g...ine-for-rmbs-activities/#sthash.X5t2hZfH.dpuf

 

I have no need to post other people's words as my own. Occasionally, other people just say what I believe and state it more eloquently than I can or have a heck of lot more credibility behind their words than anyone here does, but I never intend to fool anyone into thinking everything I post is strictly my writing. But neither am I offended by the lack of source attribution or the obviously plagiarized rhetoric. Most of what these idiots regurgitate is nothing more than Fox talking points anyway. I just consider the source of the post and figure that is the best they can do. Danny boy has really disappointed as of late. He tends to let the dumbest of the dumb speak for him. If I had to rate the unholy trio it would go @David dumb, @CoinOKC Dumber, and @rlm's cents Dumbest, and who does Danny boy let speak for him? Dick

 

The usual liberal commentary. The messengers for the right are yuck! I feel sorry for you.

Oh, but the left can do no wrong.

 

One can smack him him in the face with the truth and he will never realize it.

 

Back to the house bubble;
The CRA was not a static piece of legislation. It evolved over the years from a relatively hands-off law focused on process into one that focused on outcomes. Regulators, beginning in the mid-nineties, began to hold banks accountable in serious ways. Banks responded to this new accountability by increasing the CRA loans they made, a move that entailed relaxing their lending standards.
http://www.businessinsider.com/the-cra-debate-a-users-guide-2009-6

The National Homeownership Strategy began in 1994 when Clinton directed HUD Secretary Henry Cisneros to come up with a plan, and Cisneros convened what HUD called a "historic meeting" of private and public housing-industry organizations in August 1994. The group eventually produced a plan, of which Mason sent me a PDF of Chapter 4, the one that argues for creative measures to promote homeownership.

The very worst idea in the plan, which fortunately never gained approval, was to let first-time homebuyers freely tap their IRA and 401(k) retirement-savings plans with no penalty to scrounge up a downpayment. That, HUD estimated, would have "benefited" 600,000 families in the first five years.
http://www.businessweek.com/the_thread/hotproperty/archives/2008/02/clintons_drive.html

2001

• April: The Administration's FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity." (2002 Budget Analytic Perspectives, pg. 142)

2002

• May: The Office of Management and Budget (OMB) calls for the disclosure and corporate governance principles contained in the President's 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)

And more. http://georgewbush-whitehouse.archives.gov/news/releases/2008/10/20081009-10.html

 

If people would listen to Barney Frank in that video and other things he had to say at the time, they would realize that he was a complete disaster and encouraged the activity that led to the meltdown. Once Slick Willie signed the repeal of parts of Glass-Steagall, the writing was on the wall. With cheerleaders like Barney Frank, Chairman of the House Financial Services Committee, encouraging bad behavior and lying to the public about the state of Fannie Mae and Freddie Mac, there was little the Bush administration could do even though they tried desperately to set it right.

We all paid the price of the stupidity and shortsightedness of Democrats. Democratic voters were even fooled by another Democrat who promised "hope and change", but delivered neither and has left us in a black hole.

Walmart today announced that it is laying off 10,000 American workers, folks. Additionally, the DOW opened 400 points down this morning. It's not a rosy picture and it's just getting worse.

The one thing I find so amazing is that Democrats don't even realize how stupid they are. They really, really don't.

 

If I had to pick a single individual to blame for the bubble, it might be him.