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Obama's economy vs Bush's economy[W:125]

Re: Re 1 of 2: Scientific proof that a conservative president is better for the econo

OpportunityCost said:
the crooked mortgage companies were manipulating the mortgage bundle grading, not the property values.
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mortgage writers did cause housing price increases. You keep acting like you did not claim the opposite, and this allows you to keep avoiding your error. your comment included 2 parts, you keep saying "look, part 1 is right" while ignoring the error in part 2. If you want to keep ignoring your error, fine. I would not expect otherwise. I was never debating "bundling"...and you know that.
 
Re: Re 1 of 2: Scientific proof that a conservative president is better for the econo

Fenton said:
Crooked Mortgage Companies were behind Fannie and Freddie's AAA rating? Now thats a ridiculous stretch.
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Yer questioning something.....that Opportunity Cost posted. Those are his words.
 
Re: Re 1 of 2: Scientific proof that a conservative president is better for the econo

Gimmesometruth said:
Yer questioning something.....that Opportunity Cost posted. Those are his words.
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Nope. That is not what I claimed. I said that companies like S&P and Moody's that actually grade the mortgages and the MBS's were crooked, the mortgage companies share some blame as they were making it clear they would shop for better ratings and everyone wanted on the bandwagon at the time. I would really like you to only say I claimed what I did, not what you want to believe I did.
 
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Re: Re 1 of 2: Scientific proof that a conservative president is better for the econo

Gimmesometruth said:
mortgage writers did cause housing price increases. You keep acting like you did not claim the opposite, and this allows you to keep avoiding your error. your comment included 2 parts, you keep saying "look, part 1 is right" while ignoring the error in part 2. If you want to keep ignoring your error, fine. I would not expect otherwise. I was never debating "bundling"...and you know that.
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Mortgage writers can cause increases by having appraisers giving houses even slightly more value than they deserve. They only have to do it in 1 house in 10 to have an impact in a neighborhood and when the market is rising they may not even be aware of it as they are working with rising values all around.

Bundling is part of the larger issue, and you know that. Without bundling there is no reason to push higher appraisals because there wont be credit or buyers without demand to sell the mortgages for fast profit.
 
Re: Re 1 of 2: Scientific proof that a conservative president is better for the econo

OpportunityCost said:
Nope. That is not what I claimed. I said that companies like S&P and Moody's.
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You said "mortgage companies", I have quoted it too many times. Moody's is NOT a mortgage company.

"the crooked mortgage companies were manipulating the mortgage bundle grading, not the property values."

...is a false statement.
 
Re: Re 1 of 2: Scientific proof that a conservative president is better for the econo

OpportunityCost said:
Mortgage writers can cause increases ....
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It finally admits that :

the crooked mortgage companies were manipulating the mortgage bundle grading, not the property values.


Was a false statement.....wow.
 
Re: Re 1 of 2: Scientific proof that a conservative president is better for the econo

Gimmesometruth said:
finally
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Yeah, it was a hundred posts ago that I talked, perhaps imprecisely, about "crooked mortgage companies manipulating property valuations." I was just trying to make a list of people other than those darn ACORN CRA Negroes who moved into Archie bunker's neighbourhood but couldn't afford the payments. Big-shot bankers, other financial wizards, mortgage companies (somehow), ratings agencies, middle-class white suburbanites, etc. Affirmative action programs are sometimes ineffectively implemented/administered, but that's simply a problem that needs to be corrected.
 
Re: Re 1 of 2: Scientific proof that a conservative president is better for the econo

Gimmesometruth said:
It finally admits that :

the crooked mortgage companies were manipulating the mortgage bundle grading, not the property values.


Was a false statement.....wow.
Click to expand...

They can manipulate both. But you know that.
 
Re: Re 1 of 2: Scientific proof that a conservative president is better for the econo

OpportunityCost said:
They can manipulate both. But you know that.
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I think the point is that NOW you have finally understood the second part. FFS, how many days....nay...years did you believe otherwise?
 
Re: Re 1 of 2: Scientific proof that a conservative president is better for the econo

Gimmesometruth said:
I think the point is that NOW you have finally understood the second part. FFS, how many days....nay...years did you believe otherwise?
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Have you split the hair infinitely yet? Anything else in my posts you want to misconstrue and define both sides of the argument or are you done? Lots of moving parts and you seem to be picking apart a fine point and ignoring the larger picture. Mortgage companies and mortgage grading companies and real estate agents and buyers and bankers all had their fingers in the pie in various ways. So you keep picking nits, I'll examine any evidence that comes along.
 
Re: Re 1 of 2: Scientific proof that a conservative president is better for the econo

OpportunityCost said:
Have you split the hair infinitely yet? Anything else in my posts you want to misconstrue and define both sides of the argument or are you done? Lots of moving parts and you seem to be picking apart a fine point and ignoring the larger picture. Mortgage companies and mortgage grading companies and real estate agents and buyers and bankers all had their fingers in the pie in various ways. So you keep picking nits, I'll examine any evidence that comes along.
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Yer welcome on being straightened out about the fact that mortgage "writers" did, in point of fact, cause housing prices to increase during the bubble.
 
Re: Re 1 of 2: Scientific proof that a conservative president is better for the econo

Gimmesometruth said:
Yer welcome on being straightened out about the fact that mortgage "writers" did, in point of fact, cause housing prices to increase during the bubble.
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Everyone caused prices to increase during the bubble, we were arguing about how. But, again, you knew that.
 
Re: Re 1 of 2: Scientific proof that a conservative president is better for the econo

OpportunityCost said:
we were arguing about how.
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I covered that too, the mortgage originators did it via fraud, which the FBI informed the Bush admin of, going back to 03.
 
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