Sordid clambake
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So is silver if you think about it - unless you're attempting to conduct electricity or eating at a posh restaurant. Paper money, you can write on or light up to keep warm. Both fetishes are acts of faith.TIGRDOG wrote:nicely put mv and poptart..
BTW...I collect those old paper money. Were it not for their numismatic value, yeah...worthless as leaves
TIGRDOG wrote:BTW...I collect those old paper money. Were it not for their numismatic value, yeah...worthless as leaves
You mean the mess he helped to create? When McClown and others tried to reform Freddie/Fannie was one of the few times he voted something other than present. Of course, not so surprising considering the $$$ they were giving him. And when ACORN was blackmailing, terrorizing and suing banks to force them to make risky home loans, it was one B.H. Obama who was their attorney of record.Terry in Crapchester wrote:"The mess he was left" isn't an excuse, it's fact.
dude, you need to back away from Faux News and start doing some thinking for yourself....the housing crash wasn't caused by low income people buying houses out of their price range (of course predatory lenders were being encouraged to make those types of high risk loans), but low income defaults on mortgages were nothing more than a blip on the radar screen insofar as the housing bubble goes....the primary culprits were speculative buyers and developers trying to cash in on a 15-20%/annum increase in house prices....Diogenes wrote: You mean the mess he helped to create? When McClown and others tried to reform Freddie/Fannie was one of the few times he voted something other than present. Of course, not so surprising considering the $$$ they were giving him. And when ACORN was blackmailing, terrorizing and suing banks to force them to make risky home loans, it was one B.H. Obama who was their attorney of record.
Felix wrote:Diogenes wrote:but low income defaults on mortgages were nothing more than a blip on the radar screen insofar as the housing bubble goes....the primary culprits were speculative buyers and developers trying to cash in on a 15-20%/annum increase in house prices....
Has Fox (or anyone else) actually covered ACORN's role (or BHO's assist) in creating the housing bubble?Felix wrote:dude, you need to back away from Fox News and start doing some thinking for yourself...Diogenes wrote: You mean the mess he helped to create? When McClown and others tried to reform Freddie/Fannie was one of the few times he voted something other than present. Of course, not so surprising considering the $$$ they were giving him. And when ACORN was blackmailing, terrorizing and suing banks to force them to make risky home loans, it was one B.H. Obama who was their attorney of record.
If by 'predatory lenders being encouraged' you mean otherwise responsible financial institutions being smeared, blackmailed, threatened with legal sanctions and sued then they were definitely 'encouraged'. And the speculation was a reaction to the skyrocketing prices of housing, which in turn was caused by the unrestrained credit and loosening of fiscal requirements demanded by the leftists in Congress, not to mention the abandonment of all oversight over Freddie Mae and Fannie Mac.Felix wrote:(of course predatory lenders were being encouraged to make those types of high risk loans), but low income defaults on mortgages were nothing more than a blip on the radar screen insofar as the housing bubble goes....the primary culprits were speculative buyers and developers trying to cash in on a 15-20%/annum increase in house prices....
in 2006, the Wall Street Journal reported that 61% of all the borrowers that received sub-prime loans had credit scores high enough to qualify for prime conventional loans....so the assertion that the credit crisis was the result of bad loans to low income people is simply not true....40% of the houses that were sold in 2006 were not the buyers primary residence...in other words, 40% of the houses sold were either bought as secondary residences (this would be a very small percentage), or were purchased by people looking to cash in on the escalating home prices....when developers began building houses at a break neck pace, suddenly the inflow of all these new houses threw supply/demand out of whack which in turn, depressed home prices and the rest is historyDinsdale wrote:
Sorry, bud.
If you have stats to back that up, I'll show you some falsified numbers.
the financial markets didn't collapse because of government regulation, it was repeal of the Glass-Steagal Act (http://en.wikipedia.org/wiki/Glass-Steagall_Act) orchastrated by republicans and signed into law by Clinton that was the beginning of the endSorry, libs -- the "deregulation" you speak of is an outright LIE, and it was indeed government regulation of financial markets that collapsed to mortgage industry.
...in 2006...
So it's all Bubba's fault? Don't forget it was his administration which imposed legal sanctions on so-called 'redlining' (only giving loans to those who could pay them back).Glass-Steagal Act ...signed into law by Clinton
Another liberal lie.Felix wrote: the financial markets didn't collapse because of government regulation, it was repeal of the Glass-Steagal Act (http://en.wikipedia.org/wiki/Glass-Steagall_Act) orchastrated by republicans and signed into law by Clinton that was the beginning of the end
And if a Big Brother entity didn't FUCKING INSURE this stupidity, would for-profit financial institutions have made such stupid fucking loans?Tom In VA wrote:a lot of homes foreclosed were these "house flippers" defaulting on their second or third homes.
Yeah, but you'll have a hell of a ride while the other wage apes are pulling a shitty pay check at the local widget plant.mvscal wrote: WRONG. If you continue to spend money you don't have, eventually you will end up bankrupt. Period.
So what? the flippers came in late, AFTER ACORN, Obama and company created the bubble that was destined to burst. Well before 2006, BTW.... a lot of homes foreclosed were these "house flippers" defaulting on their second or third homes.
Kind of like when the Federal Government starts taking over banks, then auto companies, then the health care industry, then who knows whats next (housing?)...People freaked the fuck out and got scared. When people are scared, they don't spend money. When people don't spend money.
The economy screeches to a halt.
No. It's a matter of your ideological brethren pursuing policies that undermine confidence in the economy and the future.Dr_Phibes wrote:are you suggesting it's a matter of attitude?
That is not what is implied and you know it.Dr_Phibes wrote:are you suggesting it's a matter of attitude?
right everyone.. big smiles please, face forward.. and!
bullshit...it allowed banks to get into all kinds of businesses including selling SIV's which were primarily littered with sub-prime loans...when the loans defaulted, the SIV's were seriously hit and the credit market dried upDinsdale wrote:
Another liberal lie.
the banks were insuring themselves, that's what repeal of the law allowed them to doThe federal government has ABSOLUTELY NO BUSINESS using MY money (yes, I AM 1/300,000,000th owner of those assets) to insure other peoples' investments.
look, you can try to blame low income people defaulting on their loans as the cause, but those defaulted loans didn't contribute as much to the crisis as some people would have you think....it was greedy fucks trying to cash in on what was clearly unsustainable real estate escalations in valueWait... that would require people to think, and educate themselves before signing on dotted lines... the Men In The Marble Palace can't have that...
great find, and from such a neutral source....look, I can google up as many articles that implicate George Bush as the mastermind behind 9/11 and from more reliable sources than you've cited.....seriously, ACORN ain't the problem...if you'd quit listening to 24/7 of faux news and do some reading like I told you, you could easily figure out who is butt fucking you in the mouth....here's a hint...it ain't politiciansDiogenes wrote:Some links for those who want to know (Lefties probably don't want to click)...
CRA, ACORN, Democrats, Obama and the Housing Market Crisis
ACORN and Obama
ACORN's role in corrupting Freddie Mae/Fannie Mac
I already told you the links were for the open minded...great find, and from such a neutral source....look, I can google up as many articles that implicate George Bush as the mastermind behind 9/11 and from more reliable sources than you've cited.....seriously, ACORN ain't the problem...if you'd quit listening to 24/7 of Fox news and do some reading like I told you, you could easily figure out who is butt fucking you in the mouth....here's a hint...it ain't politicians
If you think your Michael Moore fantasies are backed by sources more reliable than Kurtz,that says nothing about Kurtz and everything about you. But then ad hominems and willful ignorance are about all you have.(Lefties probably don't want to click)...
Diogenes wrote:
And I'm still waiting for a link to where Fox has been covering any of this.
Their role in the housing crisis,moron.Felix wrote:Diogenes wrote:
And I'm still waiting for a link to where Fox has been covering any of this.
covering what ACORN?
is there some part of "61% of the sub-prime borrowers income level sould have qualified them for prime rate mortgage loans" you're struggling with?Diogenes wrote:
Their role in the housing crisis,moron.
You forgot the 2006 part this time. :twisted:Felix wrote:is there some part of "61% of the sub-prime borrowers income level sould have qualified them for prime rate mortgage loans" you're struggling with?Diogenes wrote:
Their role in the housing crisis,moron.
Diogenes wrote:
You forgot the 2006 part this time. :twisted:
And I guess that's a no on Fox's extensive coverage on the subject. But props on going an entire post without mentioning them....
I can't tell if you are ignorant, confused or just brain-dead. The reason for the speculation in the last few years was because of the steady escalation of prices (and 'value') due to demand overwhelming supply. Which was caused by banks lending money to anyone, whether they could pay it back or not. Which was caused by government policies and scumbag community organizers like ACORN. It was your leftist hack politicians that created the environment where banks had no choice but to make bad loans. The banks were responding to government force, the speculators to economic conditions, both coming from the leftist swine you want to give a pass to.why would you think the percentage would have changed before the great collapse? You seem to want to give a pass to the people that were the primary cause of the real estate collapse (developers over developing throwing supply/demand completely out of whack...economics 101-when supply outpaces demand, prices dropYou forgot the 2006 part this time.
so why aren't you blaming the speculative builders of the vacant subdivisions littered throughout every large metropolitan area in the country for creating the over supply and killing prices? Why aren't you holding the bankers that were knowingly making high risk loans to under financed buyers and basically rubber stamping every loan package that came through? Why aren't you pissed at them, because as I've shown they had a much more substantive effect on the credit squeeze than a few defaulted loans by some low income buyers.....
Hey,feel free to keep parroting the latest idiocies from MessNBC and Kos. And obsess about Fox all you want. Some of us actually use sources other than TV babble and paranoid nutjob websites. But to each his own.Fox news is the worst sort of tripe there is.....And I guess that's a no on Fox's extensive coverage on the subject. But props on going an entire post without mentioning them...
listen, I know you like to think you know what you're talking about here, but your ignorance of the real estate market and the credit system is jaw-droppingly stupid.....Diogenes wrote: I can't tell if you are ignorant, confused or just brain-dead. The reason for the speculation in the last few years was because of the steady escalation of prices (and 'value') due to demand overwhelming supply.
dude, this borders on sig material right hereIt was your leftist hack politicians that created the environment where banks had no choice but to make bad loans.
don't listen to or read either one....and I certainly don't obsess about Fox, I'm just amazed that hacks like Beck and Hannity that pretty much spend every minute of every show hating on the President (who was duly elected by a wide majority of the residents of this country) are still allowed to spew this shit without repercussions....if you think this is "fair and balanced", I'd hate to see your definition of partisan hackery....Hey,feel free to keep parroting the latest idiocies from MessNBC and Kos. And obsess about Fox all you want. Some of us actually use sources other than TV babble and paranoid nutjob websites. But to each his own.
And this bothered you immensely over the last eight years?I'm just amazed that hacks...that pretty much spend every minute of every show hating on the President (who was duly elected by a wide majority of the residents of this country) are still allowed to spew this shit without repercussions....
You're amazed that they are allowed to spew their "shit" without repercussions?Felix wrote:I'm just amazed that hacks like Beck and Hannity that pretty much spend every minute of every show hating on the President (who was duly elected by a wide majority of the residents of this country) are still allowed to spew this shit without repercussions
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Rupert Murdoch if the guy had an ounce of integrity left in the blackness that was probably once occupied by his heart...but given the fact that Faux News has now transtioned to political organization, he should do whatever he thinks best....poptart wrote:
Who should step in to stop them?
calling for people to support an armed insurrection goes a little bit beyond "free speech" and is more akin to screaming "fire" in a crowded theater.....but go ahead and hook me up to a link of any left leaning MAIN STREAM commentator that was calling for armed insurrection against former Republican administrations...be sure and turn out the lights when you leaveOr what are the "repercussions" you think they should be facing for exercising their right of free speech?
so you find some pictures of some radical left wing nutjobs and portray them as representing everyone on the left? Wow, just fucking wow.....Diogenes wrote:So do THESE people represent the American the Left "wants back"?
Personally, I prefer the modern day Sons of Liberty.
There is a remote, although gaining, possibility America's military will intervene as a last resort to resolve the "Obama problem." Don't dismiss it as unrealistic.
America isn't the Third World. If a military coup does occur here it will be civilized. That it has never happened doesn't mean it wont. Describing what may be afoot is not to advocate it.
Will the day come when patriotic general and flag officers sit down with the president, or with those who control him, and work out the national equivalent of a "family intervention," with some form of limited, shared responsibility?
Imagine a bloodless coup to restore and defend the Constitution through an interim administration (I'm assuming here he means an interim administration comprised of Republicans) that would do the serious business of governing and defending the nation. Skilled, military-trained, nation-builders would replace accountability-challenged, radical-left commissars. Having bonded with his twin teleprompters, the president would be detailed for ceremonial speech-making.
Military intervention is what Obama's exponentially accelerating agenda for "fundamental change" toward a Marxist state is inviting upon America. A coup is not an ideal option, but Obama's radical ideal is not acceptable or reversible.
Unthinkable? Then think up an alternative, non-violent solution to the Obama problem. Just don't shrug and say, "We can always worry about that later."
In the 2008 election, that was the wistful, self-indulgent, indifferent reliance on abnegation of personal responsibility that has sunk the nation into this morass.
good one dude, I'll be picking myself up off the floor for a week after that blast.....mvscal wrote:Guess again, you bedwetting fucktard.
And this differs from the Kos Klip in the initial post how? You can go to any gathering of 100s of thousands of folks and find a few loose ends to take out of context and portray as representing the entire crowd. And even they seem normal compared to the freaks your leaders pander to. And BTW...so you find some pictures of some radical left wing nutjobs and portray them as representing everyone on the left? Wow, just fucking wow.....
First you take his comments out of context. Then decline to give a source for the article in question (which I doubt you've even read) Then you lie about what he is saying in the out of context excerpt you posted..Felix wrote:America isn't the Third World. If a military coup does occur here it will be civilized. That it has never happened doesn't mean it wont. Describing what may be afoot is not to advocate it.
apparently, this wingnut is not only advocating an overthrow of the legally elected government...
Look bud, you continuously calling me names isn't going to change the fact that the Republican party is being hijacked by fucking lunatics....yeah, I criticized Bush (as did you by your own admission)....I never advocated that Bush should have been impeached and certainly never advocated that he should be forcefully removedmvscal wrote:You spent the last eight years motherfucking Chimpy every step of the way on every single issue and now you're whimpering about treason and racism everytime somebody slaps the kool aid out of your hand.
You are a sad, stupid, pathetic piece of shit.
False. But coming from a supporter of a party that is and has been run by the lunatics....Felix wrote:...the Republican party is being hijacked by fucking lunatics...
Felix wrote:of course, if you read the story Vidal says no such thing....
http://www.timesonline.co.uk/tol/news/w ... 854498.eceAmerica has no intellectual class and is rotting away at a funereal pace, he believes. “We’ll have a military dictatorship soon, on the basis nobody else can hold everything together. Obama would have been better off focusing on educating the American people. His problem is being overeducated. He doesn’t realise how dim-witted and ignorant his audience is.”
Diogenes wrote: First you take his comments out of context. Then decline to give a source for the article in question (which I doubt you've even read) Then you lie about what he is saying in the out of context excerpt you posted.
Exactly how does "Describing what may be afoot is not to advocate it. " constitute advocating a military coup?Felix wrote:Diogenes wrote: First you take his comments out of context. Then decline to give a source for the article in question (which I doubt you've even read) Then you lie about what he is saying in the out of context excerpt you posted.
look bean brain, there's no way to take any of what Kelly wrote "out of context"....that what he wrote on NEWSMAX (which I said in the intitial post and apparently you OVERLOOKED, and Newsmax has subsequently removed the offending article)....
but my source was Media Matters http://mediamatters.org/blog/200909300012