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Goldenboy219;1058731847]It is intellectually dishonest for you to label or accuse me of anything negative in regards to my character or success, given the history of my statements in this thread. When i say you are expressing ignorance, senile tendencies or even question your ability, it is because you commonly mis-organize data, claim opinion as fact, or totally disregard important points pertaining to the subject matter. Providing raw data, and completely taking it out of context to fit some sort of political fantasia is not the work of an honest debater. Because you attack me and my sources while totally disregarding my argument, i have no desire to continue in this discussion.
For the record, inflation based growth is not real, and does not improve the standard of living within any country it accompanies. Inflation is a necessary evil we are forced to live with if we as a country aspire any economic growth, but only to a point. Too much or too little can diminish real growth, and therefore we must take into consideration the difference between nominal and real growth. Failure to do so instantaneously reduces your argument to jack ****. Now be a man and admit your error; after all it is the decent thing to do.
please be specific. which parts of the bill are garbage?The garbage that ignores Fannie Mae and Freddie Mac as well as the real fraud in this country which is a 3.8 trillion dollar govt. and growing. We have a govt. today that will add 3 trillion dollars to the debt in two years yet is more worried about attacking private industry. That is what this Administration does, attack private business and expands the role of govt.
please be specific. which parts of the bill are garbage?
so, you've got nothing. thanks.The omission of Freddie and Fannie from the bill make it garbage. In addition i don't believe a govt. that cannot control its own financial house should be involved in trying to manage the private sector. All this is a further diversion from the mess our govt. is in and selecting a villian to divert attention from the mismanagement of our country's finances.
so, you've got nothing. thanks.
so, you've got nothing. thanks.
do you really have a clue what caused the financial meltdown? or are you parroting right wing talking points?
and derivatives are exactly what is being targeted in this bill. my institution didn't make sub prime loans, as many banks didn't.Since obviously you don't think I know, why don't you tell me?
Apparently the sub prime mortage crisis had no affect according to your insinuations. Bundled mortgage derivatives based upon worthless mortgages again had nothing to do with this either, right?
What exactly is the leftwing telling you caused the financial meltdown, evil Wall Street bonuses?
do you really have a clue what caused the financial meltdown?
or are you parroting right wing talking points?
and derivatives are exactly what is being targeted in this bill.
my institution didn't make sub prime loans, as many banks didn't.
of course the sub prime mortgages had some effect. however, no one forced any institution to make those loans, despite what you might believe.
and derivatives are exactly what is being targeted in this bill. my institution didn't make sub prime loans, as many banks didn't.
of course the sub prime mortgages had some effect. however, no one forced any institution to make those loans, despite what you might believe.
we are discussing the current bill and why you believe it's garbage. by your own admission, misuse of derivatives was a big part of the problem, and yet you discount that the bill addresses that issue.If you are in the business do you know who Fannie Mae and Freddie Mac are and what they do?
How can there be financial reform without including those agencies? Are you telling me that Barney Frank and Chris Dodd supported financial reform of Fannie and Freddie when Bush proposed it?
we are discussing the current bill and why you believe it's garbage. by your own admission, misuse of derivatives was a big part of the problem, and yet you discount that the bill addresses that issue.
yes, i know who they are, and i know what happened. they should be reformed, but they are not banks, and as such need a different set of regulations.
we are discussing the current bill and why you believe it's garbage. by your own admission, misuse of derivatives was a big part of the problem, and yet you discount that the bill addresses that issue.
yes, i know who they are, and i know what happened. they should be reformed, but they are not banks, and as such need a different set of regulations.
Less government spending. They should reduce taxes to increase investment and allow struggling businesses to keep some extra money to get through. If anything government spending ultimately hurts the nation.
Are you starting to wake up yet?
The bundling of subprime mortgages with good mortgages is what allowed the contagion to spread throughout the system. How clueless are you!?
Here is more proof that the current legislation for financial reform that doesn't include Fannie Mae is a piece of garbage
Fannie Taps Treasury for $15.3 Billion More After a 10th Loss - Bloomberg.com
Are you starting to wake up yet?
If you would wake up, you would realize that it was under Republican leadership in 2004, that Fannie and Freddie were forced to put high-interest high-risk loans as applying toward their mandate to meet mandated goals of helping low-income families obtain housing.
While, in 2000, (see same link) under Clinton's administration instructed Fannie and Freddie NOT to purchase high-interest subprime loans as it was against the initiative to help people buy homes.
Once again, in 2004, that was overturned and the mandate to help low-income people own homes supported PRIVATE INDUSTRY subprime high-interest loans was re-instituted.
NOW - before you go off, I'm not letting Democrats wipe their hands clean of this crisis. They played a big part in it as well and Fannie and Freddie should probably be addressed in this bill. However, the TARP (if I understand it correctly) took a lot of the shareholder responsibilities away from them and basically turned them back into public entities. So hasn't that already been addressed?
However, I want the facts clear: in 2000, under Clinton (and to give credit - a Republican Congress) - Fannie and Freddie were instructed NOT to support the subprime loans that killed our economy. It was in 2004, under Bush (and to give blame - a Republican Congress) that they were given credit for these crappy loans once again.
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