posted
Jesse Ventura - The Official Facebook Page · 22 hours ago ·
We need to start believing in our own personal capacity to change this country and stop hoping someone else will do it for us. The belief that somehow all will be fixed the moment Dr Paul or myself became President is ludicrous and downright dangerous. This is your country. Stop pushing the responsibility to enact change onto public figures or symbols. Stand up and do it yourself. The leader you are truly searching for, the leader who will change your world for the better, is not the one you see on TV but the one you see everyday you look into a mirror. Stop following, start leading. Renounce the slave mentality that has been drilled into you.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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posted
kinda what i been saying since i got here cash. the presidents all get more blame and more credit than they really deserve. it's too easy to blame Obama and Bush for the economy. They have both been involved, but when it comes right down to it? It was the bankers all who did it.
The reality is that they somehow lost almost all the money people entrusted them with. And quite frankly? It looks to me like they just took it and put it in offshore accounts and then made up all this crap as an excuse. They took it as easy as taking candy from a kid. Thye traded against their very own customers. Then they looked to the Govt and said whatcha gonna do? Let people starve? -didn't think so...
yet how many of them are laughing and lounging on the cash mattresses instead of in jail where they belong?
and do you really think Romeny will be "better"? LOL.... ssheeesh....
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
so knowing that we've all been robbed? what are you gonna do about it? imean really.
i didn't get robbed of moeny i got out and watched. I'm still mad as hell cuz now nobody can get a job or retire and get out of my way. I'm stuck in a chithole. It's muy own fault. I belevied some lies that i shouldna beleived, but why on earth are the people who lost their butts all just crying about it?
oh wait, i know, cuz whenth ey go out and act angry people call them names...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Two great things Bill Clinton did: financial deregulation, and NAFTA.
1977 - Democratic President Jimmy Carter Passes "Community Reinvestment Act," or CRA, designed to encourage banks to reach out to low income communities by offering loans to minorities and the poor.
1995 - Democratic President Bill Clinton revises CRA by making banks meet a quota for a certain number of low income loans. He also increases punishment for banks that dont loan enough money to low income borrowers. This forces banks to write lots of loans that they would not otherwise have written, because the government is forcing them to.
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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posted
been over this hundred times with you cash. teh Govt never told them to loan more money to peopl than they can afford to borrow. There were planty of cheap home for poor peopl to buy, but that ain't what we saw when this collapse hppened.
this year? 1,490,960 Foreclosured Homes - Average Foreclosure Sales Price-$206,722
those are not poor people homes dude. those are average priced homes....
Buhs did it too- remember his ownership society push?
NONE of them told the banks how much money to lend to the poor people, they told them to make sure they could borrow. When someone buys a cheap rundown house and takes pride in it? They fix it up and then neighborhoods get fixed up and then the homes get to be worth more. That was the paln... Instead? The bankers went on commission for total dollars lent and they lent as much moeny as they could without checking references...
Before Carter? There was a policy that bankers practiced where they would refuse to loan money in certain neighborhoods. Those neghborhoods were not white. NO loans? the neighborhoods dillapidated. Turned into slums. carter said fix that cuz it was wrong- Carter was right to do it. he also did not tell the banks to loan them too much money that can't pay it back. And beleive me the banks know the formulas to figger out how much you can pay back... they been doing htat since time began- that is until th elast 2-15 yrs or so...
The fact is that in the 2000's bankers stopped chekking if peopl even made enough money for the loans they got. The Govt DID NOT start that. Even so? The mortgage issue is less then half the real issue. The banks bundled the loans into tranches and traded the tranches. A tranche might be the second 10% of bundle of loans eqauling 100 million. That way nobody buying the loans could tell if the loans had been written properly. The they truned around adn traded derivatives on those tranches. It got to be that the traders of the derivatives forced the values of thranches dow so bad the holders were required to sell them as if they were bad when they weren't... This led to fire sales on th etranches which led to even more derivative trade forcing ever more down. These guy "fixed" the odds to be in their favor. They literally drove the mresale market of mortgage moeny int ot ehground and then they go them for almost nothing....
it's like taking out insurance on your neighbors house, going over and tossing in a molotov and then calling the insurance agency to collect the check, then turning around buying the land and rebuilding the house in your name withtthat money.... That is what really happened. On the other side of that? There's waht? 8 million people who lost jobs for over a year? They lost houses too, and they didn;t lose their job by screwing up at work, they lost it cuz the banks had no money to laon their bosses for revolving credit....
all this blame the Govt stuff is a load o crap. the Govt never made anybody loan more moeny to somebody than they can afford to pay back ever. IT was the bankers choice to lend too much or not. They chose to lend too much cuz it meant a few extra bucks in the paycheck every week....
NAFTA? That was Bush, he didn't finish it so clinton signed it, but he expected to win and finsih it, cuz he started it- He started Chinese Trade too...
total civilian employment may have grown by almost 15 million in between 1993 and 2001, manufacturing jobs only increased by 476,000 in the same time period. from 1994 to 2007, net manufacturing employment has declined by 3,654,000, and during this period several other free trade agreements have been concluded or expanded...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
This forces banks to write lots of loans that they would not otherwise have written, because the government is forcing them to.
cash you once again are clueless and repeating racist bullcrap. There was intentioanl and instituaional racism going on in the banks. that was why they passed those laws, and they were needed badly.
show me the stats that show the banks were forced to loan people too much money on their homes?
it ain't there. the FACT is that the banks loaned people more money on homes then they should have.
not that they loaned moeny to people they should not have.
it is people like you that want to make this poltical that force this problem to continue.
the real issue is that the Banks were paying per dollar loaned instead of per GOOD laon made.
it really is that simple. they began pouring the moeny out the doors and getting paid to do it, not by the govt but by investors who didn't bother to do proper DD or were lied to by ratings agencies (S&P).
as long as you and people like you keep up this ridicaulous and dishonest blame game? things will only get worse.
NAFTA was bipartisan all the way.
deregulation? the name on that bill is Gramm Leach and Bliley. those theree are all GOPs and Gramms wife was ont heboard of the comodities trading commsiosn.
fruthermore? there was a bill passed after that one that restricted any regualtion of the underlying instruments (CDSes) that made the profit on all these bad loans.. Clinton was right there int hemiddle of it yes, but you and your partisan crap just want to balme him, the GOPs were in it up to their eyeballs and they sponsored the dergulation bills.
the Travelers insurance company and Citicorp bank ILLEGALLY merged prior to the deregualtion and the Congress and bill clinton and Gramm- Leach and Bliley all got together and changed the laws so it would sorto be legal. even tho it was illegal they allowed it to go on until the law was changed, which is not constitutional, but somebody has to challenge it, and nobody did.
this isnot a partisn problem, itis a society problem and the racist stuff you keep repeating is dishonorable at minimum.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
we? comeon buck you know better than that. WE all have choice. i know this is cliche, but cliches have Truth behind them that's why they become cliches - you don't have to stare into the abyss.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
OMG, this is the wild west all over agin Tex;
Once the town or county seizes the loan, it would then be owned by a legal entity set up by the local government – San Bernardino, for instance, has set up a JPA, or Joint Powers Authority, to manage the loans.
i suppose we should support our local sherrif more than the US marsahll, but eh the Marshalls were always the ones who came and rescued the good guys fromt eh local sherrif who was owned bythe local cattle barrons and railroad tycoons...
san bernadino was a nice place, just up the road from riverside.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by glassman: OMG, this is the wild west all over agin Tex;
Once the town or county seizes the loan, it would then be owned by a legal entity set up by the local government – San Bernardino, for instance, has set up a JPA, or Joint Powers Authority, to manage the loans.
i suppose we should support our local sherrif more than the US marsahll, but eh the Marshalls were always the ones who came and rescued the good guys fromt eh local sherrif who was owned bythe local cattle barrons and railroad tycoons...
san bernadino was a nice place, just up the road from riverside.
quote:Originally posted by T e x: nice version, GEB ;-)
yep. i try to dig out the stuff that was produced by the pros.
i watched san bernadino and riverside come out of their own "personal" rescession from the closing of March AFB in the late 90's. We had a blast there. We were there when the California Enron created electricity crisis hit. We were there for 9-11. The area literally became the fastest growing area in the country while we were there. We knew people that were afraid to graduate form college tho. Why? Becuase a studio apartment was running over 1000 per month. University of Ca at Riverside was building new dorms that weren't even dorms, they were building luxury condos that were supposedly going to cost 1500$ per student per month. We knew adults with kids that were working fulltime and going to school full time and were not able to afford housing with a Masters degree in Biochemistry and other hot topics). They were going on to get their Phds instead cuz they could keep borrowing student loans and that was the only way they could afford to live.......
yeah, it's wild out there alright.... peopel were buying 3 bedroom 1 bath houses at the coast for a million and tearing them down and building McMansions that destroyed their neighbors million dollar views of the ocean too... that tends to create a strong atmosphere of resentment in a community. its the kind of thing that drives people crazy.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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