Nickolai

Man you really love to swill on right wing propaganda don't you. That's what organizations peddle that the Community reinvestment of 1979 under carter was the cause of the 2007-8 financial crises. The mortgages that were generated by that act fell in side the regulatory environment. The mortgage loans that nearly brought down the entire financial system of the western world were entirely in regulated. The problem began in the 1990's when City bank ( in violation of the Glass Stegall Act of 1933 that put a wall of separation between investment and commercial banking. Insurance and Brokerage services to root the the crash of 29 and the ensuing great depression, ) merged with Travelers Group and acquired the brokerages Smith Barney and Solomon Brothers.
It was possible because the Anti Trust laws were never enforced by the Reagan, Bush, or Clinton administration's. Never the less City bank felt they needed to make their acquisitions legal by getting Glass Stegall repealed making it official. Clintons Treasury Secretary Robert Rubin a former 26 year employee of Goldman Sachs pushed hard for repeal as did his successor Larry Summers and in 1999 the Financial Services Modernization Act. Written by Sen. Phill Gramm (R-T) It was passed and despite the Democrat Minority calling on Clinton to veto the bill Clinton signed it into law giving the Financial industry what they had yearned for since 1933 freedom to create too big to jail banks. Then in response to the short recession resulting from 9-11 Allan Greenspan and the Fed lowered interest to 1 % and kept them there for four years far too long. Greenspan a desciple of Milton Friedman believed markets could self correct and did not need regulation. He admitted before a congressional committee that he h ad been wrong and did not see it coming, Ironically the thing the banks wanted so badly and finally got was bringing them down by 2006 after only seven years. There were about 25 sub prime mortgage companies operating in the 2000's that were pumping out loans in a feeding frenzy to supply the investment banks with fuel for their collateralized debt Obligations. In 2000 Phill Gramm wrote the Commodity futures Modernization Act that banned government over site of derivatives trading ( credit default swaps) a form of insurance that was unregulated and did not require the cash reserves of the regular insurance industry products required by government regulation. When the fed moved to raise interest rates and when all the arms began kicking in the house of cards began collapsing. Investors ran to AIG to to cash in their CDS's tro cover their losses bt AIG had no cash reserves because they thought they would never have to cover. Goldman Sachs and Hedge fund Mgr. John Paulson had sold huge numbers of Mortgage backed security stuffed with liar loans guaranteed to fail then bought CDS's betting the securities would fail. When the government had to step in and bail out AIG withv$185 billion Paulson pocketed five billion in personal profit while all the investors took a bath Goldman picked up 12 billion and still took 15 billion in government bail out funds.

The crash tore right through Whitefish Bay Wisconsin pop, 13,500 and their school district. They were presented with an investment opportunity that claimed to be as safe as US Treasuries. It carried a return 1 % greater than they could borrow. A win win situation so they borrowed $200,000 and threw their $50,000 reserve fund in the pot and bought almost immediately their investment was under water They had seen a pot of gold on wall street and wanted their piece but their investment was a synthetic CDO that had no real assets in it and only needed to go down 3 % to wipe them out. Between 2005 and 2008 $1.3 trillion of these products wee sold as far away from Wall street as little towns in Norway

cesspool jones Loc: atlanta

If they refuse our President then I want swift severe action.

cesspool jones Loc: atlanta

What about Mars?

Nickolai

Not true I was paying $7.50 per hour in to the union trust fund and the labor agreement covered three years and My self nd My competitors had to pay the same for labor so that the sharpness of our pencils, the efficiency of out operation's, and how much profit we were wiling to settle for was the way we had to compete and not off the backs of our employees. Once the unions were out of the way it became a matter of how hard we were willing to squeeze labor, the little guy's on the bottom, the percent of labor to material fell from 70 percent to 50 in my bids but the cost of houses continued to rise. So where did all the money go ? who knows ? It was probably land speculators who were sitting on land waiting for the price to go up and the developers had more money the trust fund benefit money to bid higher for land The little guys had to sweat more for less

Nickolai

Man your really trigger happy always wanting to shoot people

Snoopy

Rusted:

You obviously do not understand the concept behind the electoral system.

I will not educate you . . . Please do some research before posting.

Snoopy

cesspool jones Loc: atlanta

Sounds like you tried.

vettelover Loc: Richmond Va

U.S. Counties: Trump vs HRC aka Hilderbeast

http://mobile.wnd.com/2016/12/trumps-landslide-2623-to-489-among-u-s-counties/

https://www.google.com/amp/amp.timeinc.net/time/4587866/donald-trump-election-map/%3Fsource%3Ddam

eagleye13 Loc: Fl

Oh that damn Constitution!
LOL

America was saved by the Constitution:
Hillary Clinton lying for 13 minutes straight.
https://youtu.be/-dY77j6uBHI

oldroy Loc: Western Kansas (No longer in hiding)

He earned a whole bunch of feedback with this opening post.

oldroy Loc: Western Kansas (No longer in hiding)

Since Hillary is still running around loose it seems that the left leaners haven't found Trump doing all the things they are digging about.

oldroy Loc: Western Kansas (No longer in hiding)

These Hillary supporters haven't yet figured out that the Constitution created our nation and has saved us more than once. The part that really gets me about the electoral vote is that these blue people can't seem to figure out that so many of their voters in California and New York who caused most of that popular majority may have been more illegal aliens voting than legal voters. I will never stop wondering when the left leaners will understand that the number of popular votes don't mean shit when enough states went against them. They really don't understand and their media just can't keep from using them to propagate their lies about voting.

RETW Loc: Washington

Well, first off, I would say, who the hell are you? Yup, who are you? Who the hell are you to make such a judgment call? Are you a politician? Are you a major business owner? Perhaps a statesman? A long standing member of the democraps? Possibly a major philanthropist even? No, none of these? So what's this shit about president Trump not being " intellectually capable ". In civilian life, than Mr. Trump, was a very successful business man.

Net worth in the billions, that's with a ( B ). You don't get to be in that category without being
" intellectually capable ". It's glaringly obvious to any that have read your post, you know nothing about why or how, the electoral collage works as it does. And just why it is fair and just.

Before you open your mouth and speak, try doing a little fact checking.


RETW

Loki Loc: Georgia

The 2008 collapse of the housing bubble was largely caused by Democratic policies. Obama, NOT Republicans, doubled the national debt.

RETW Loc: Washington

You mean like your king the Obamanation, that was sure we had 56 states? Or how about if you like your doctor , you can keep your doctor. Or you first have to sign the bill, .... ACA .... before you can know what's in it?

Oh, just so you know, this is not a ( democracy ). Never has been, and never will be.

And one other point, you need to take a course in speaking and writing English.


RETW