Author Topic: Lets get this party started: The Bush Mortgage Bubble  (Read 4309 times)

Offline kramarat

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Re: Lets get this party started: The Bush Mortgage Bubble
« Reply #15 on: January 26, 2013, 07:08:53 PM »
Hey Vern, It's Ernest! - 101 - It's Outer Space (Part 1/2)

Offline The Boo Man...

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Re: Lets get this party started: The Bush Mortgage Bubble
« Reply #16 on: January 26, 2013, 07:36:40 PM »
Lets examine the bush policies that encouraged, funded and protected the mortgage bubble that devastated the economy and almost destroyed the financial system.  First a little background.  when did the Bush Mortgage Bubble start?  Lets ask Bush's Working Group on Financial Markets.

http://www.treasury.gov/resource-center/fin-mkts/Documents/q4progress%20update.pdf

the President’s Working Group on Financial Markets October 2008

The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.


Well you sound like you know what you are talking about. Especially the "Lets get this party started". That was very impressive.  However we have a slight problem. And there are a few possibilities. 1) You are clueless aside from what you have read on the left wing sites that give yo their opinion of what government sites say. 2) You are just a liberal hack. And 3) You are a goat and we all know goats are notoriously ignorant when it comes to politics.

You decided to start with the Bush administration in this tangled pastiche. And that is rather telling since the policies that led to the bubble go back decades. Perhaps you should go back to where Freddie and Fannie were created or more specifically mortgage backed securities and the idea that home ownership is a right.


Offline kramarat

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Re: Lets get this party started: The Bush Mortgage Bubble
« Reply #17 on: January 26, 2013, 07:55:26 PM »
Well you sound like you know what you are talking about. Especially the "Lets get this party started". That was very impressive.  However we have a slight problem. And there are a few possibilities. 1) You are clueless aside from what you have read on the left wing sites that give yo their opinion of what government sites say. 2) You are just a liberal hack. And 3) You are a goat and we all know goats are notoriously ignorant when it comes to politics.

You decided to start with the Bush administration in this tangled pastiche. And that is rather telling since the policies that led to the bubble go back decades. Perhaps you should go back to where Freddie and Fannie were created or more specifically mortgage backed securities and the idea that home ownership is a right.

Sorry for the interruption, but despite his brash start, if he understands that government is the problem.......there's hope.

Offline Vern

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Yes, when republicans are in charge, the govt is the problem
« Reply #18 on: January 26, 2013, 08:26:20 PM »
"You are clueless aside from what you have read on the left wing sites that give yo their opinion of what government sites say"

er uh boo man, I've posted solid factual links to back up every point I've made.  For you to imply that I get my 'opinions' handed to my by left wing websites is as laughable as it is hypocritical.  The republican party couldnt exist without you having your opinion handed to you by liars and imbeciles.

"You decided to start with the Bush administration in this tangled pastiche. And that is rather telling since the policies that led to the bubble go back decades."

er uh boo man, how did you miss the fact that Bush told you it started in late 2004? How did you miss the Fed telling you it started in 2004?  Hey boo man, here's another liberal bs site for you.what a coincidence, its from 2004.  mmmmm when did the Bush Mortgage Bubble start again?

http://www.foxnews.com/story/0,2933,115279,00.html

Bush Ties Policy to Record Home Ownership

"We want more people owning their own home in America," Bush said. His goal is to have 5.5 million minority homeowners in the country by the end of the decade."

and kramrat, the GSEs increased homeowner ship rates in this country for 70 years safely and profitably until Bush enacted his toxic housing policies. 

Offline kramarat

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Re: Lets get this party started: The Bush Mortgage Bubble
« Reply #19 on: January 26, 2013, 08:56:53 PM »
Quote
and kramrat, the GSEs increased homeowner ship rates in this country for 70 years safely and profitably until Bush enacted his toxic housing policies.
 

I'll respond, since you've shown a modicum of intelligence, and I appreciate the links. It's the basis of an honest debate.

Here is a government website about the Fair Housing Act. It proclaims that owning a house is a right. Do you agree that home ownership is a right?

http://portal.hud.gov/hudportal/HUD?src=/program_offices/fair_housing_equal_opp/FHLaws/yourrights

Offline The Boo Man...

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Re: Yes, when republicans are in charge, the govt is the problem
« Reply #20 on: January 26, 2013, 09:00:42 PM »
"You are clueless aside from what you have read on the left wing sites that give yo their opinion of what government sites say"

er uh boo man, I've posted solid factual links to back up every point I've made.  For you to imply that I get my 'opinions' handed to my by left wing websites is as laughable as it is hypocritical.  The republican party couldnt exist without you having your opinion handed to you by liars and imbeciles.

"You decided to start with the Bush administration in this tangled pastiche. And that is rather telling since the policies that led to the bubble go back decades."

er uh boo man, how did you miss the fact that Bush told you it started in late 2004? How did you miss the Fed telling you it started in 2004?  Hey boo man, here's another liberal bs site for you.what a coincidence, its from 2004.  mmmmm when did the Bush Mortgage Bubble start again?

http://www.foxnews.com/story/0,2933,115279,00.html

Bush Ties Policy to Record Home Ownership

"We want more people owning their own home in America," Bush said. His goal is to have 5.5 million minority homeowners in the country by the end of the decade."

and kramrat, the GSEs increased homeowner ship rates in this country for 70 years safely and profitably until Bush enacted his toxic housing policies.


Learn to use the quote function...


Offline kramarat

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Re: Lets get this party started: The Bush Mortgage Bubble
« Reply #21 on: January 26, 2013, 09:15:37 PM »
A little more food for thought Vern. Sorry for the link from Austria, but it's right on target.

http://mises.org/daily/2627

Offline kramarat

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Re: Lets get this party started: The Bush Mortgage Bubble
« Reply #22 on: January 26, 2013, 09:22:07 PM »
Please take your time Vern. No hurry.

I've got days.......a lifetime. It's going to take some real work on your part, to lay the mess in Bush's lap.

That's not to say that he didn't make some incredibly stupid moves.

Offline kramarat

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Re: Lets get this party started: The Bush Mortgage Bubble
« Reply #23 on: January 26, 2013, 09:40:17 PM »
Lets party! :thumbsup:

Offline taxed

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Re: Yes, when republicans are in charge, the govt is the problem
« Reply #24 on: January 26, 2013, 11:04:34 PM »
Learn to use the quote function...

He didn't want to answer my question.  Shocker.
"Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government."  -Milton Friedman

Offline The Boo Man...

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Re: Yes, when republicans are in charge, the govt is the problem
« Reply #25 on: January 26, 2013, 11:09:16 PM »
He didn't want to answer my question.  Shocker.

This clown is really disappointing. He talks tough though. We call  that "all talk and no trousers"...


Offline kramarat

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Re: Lets get this party started: The Bush Mortgage Bubble
« Reply #26 on: January 26, 2013, 11:17:56 PM »
Don't run him off yet. With the title of this thread, I want to hear what he has to say. I like the confidence.

No sense shooting him in the head while he's shooting himself in the foot. It just ain't fair.

Online Solar

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Re: Lets get this party started: The Bush Mortgage Bubble
« Reply #27 on: January 27, 2013, 06:37:30 AM »
I commend you all for your patience. However, I myself am sooo tired of trying to educate a Stockholm victim, there is no possibly way to convince them that both parties are culpable for the mess were in, especially when the left is 90% to blame for the bubble, there were RINO helping them if I remember correctly.

If he really was out to prove a point, why didn't he bring up the No Child Leftists Behind program where Bush put the socialist Teddy in charge of writing?
Koolaid is for kids, TEA is for adults

Offline kramarat

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Re: Lets get this party started: The Bush Mortgage Bubble
« Reply #28 on: January 27, 2013, 07:30:44 AM »
It's not a total loss. I was able to find that site out of Austria that totally nails the whole mess down on one page.

It's always cool to find foreigners that are just as scared about what the left is doing to the US, as we are. :smile:

Offline Vern

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I'm sorry I dont work the night shift guys.  anyhoo

"This clown is really disappointing. He talks tough though. We call  that "all talk and no trousers"

I clearly articulated my points and I backed them up.  And FYI dont me questions like taxed. I told him the CRA was from 1977 and the Bush Mortgage Bubble started in late 2004.  He keeps harping on "who controlled the house" and it took two posts for him get his point across about "who controlled the house" in 1977.  Make a point.

and kramrat

"It's going to take some real work on your part, to lay the mess in Bush's lap."

mmmmm, remember when the 'narrative' was "bush tried to stop the bubble".  It seems like only yesterday everybody believed it.  Turns out that was just another lying republican 'narrative'.  I've posted some Bush policies and statements that one could easily quantify as "encouraging and funding" and since bush stopped reform doesnt it start in his lap since the Bush Mortgage Bubble started in late 2004? (taxed, thats a rhetorical question, I'm not waiting on an answer to make a point) 

Remember, it only took a 10 second quote on youtube for every con to blame a minority member of congress. 

 

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