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Apr 11, 2024 07:09:48   #
Thank you, Radiance

All those who believe and receive His offer of salvation will be saved. God forgives and is reconciled to every individual who has faith in Jesus Christ. No one can benefit from this free gift from God unless or until they are first willing to believe there is cleansing from sin in no other, and accept it.

The webpage below lists "One Hundred Bible Verses on that subject:
https://www.openbible.info/topics/jesus_christ_died_for_the_entire_world

Here are a few more of them:

1st John 2:2
"He is the propitiation for our sins, and not for ours only but also for the sins of the whole world."

John 3:16
“For God so loved the world, that he gave his only Son, that whoever believes in him should not perish but have eternal life."

2nd Corinthians 5:21
"For our sake He made Him to be sin who knew no sin, so that in Him we might become the righteousness of God."

Romans 6:23
"For the wages of sin is death, but the free gift of God is eternal life in Christ Jesus our Lord."
Radiance3 wrote:
===============

Christ died on the Cross. Not for the sin of TJ alone but for all our sins.

Isiaih 53:5
But he was pierced for our t***sgressions; he was crushed for our iniquities; upon him was the chastisement that brought us peace, and with his wounds we are healed.
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Mar 30, 2024 20:25:19   #
Ri-chard wrote:
Israel did nothing to provoke Hamas/Palestinians into attacking Israelis, WTF They took over their lands!

They did no such thing!

The Israeli government had fully vacated Gaza in 2005, effectually giving the land to the Arab Muslims who now called themselves Palestinians.

Gaza is a narrow strip of land sandwiched between Israel and the Mediterranean Sea, but with a short southern border with Egypt, 25 miles long and 4 miles wide.

In the wake of the 1948-49 war, Gaza was occupied by Egypt for 19 years.

Israel occupied Gaza in the 1967 war and stayed until 2005, during that time building homes, villages and commercial greenhouses for agricultural commerce.

In 2002, Israel was offered "normal" relations with all 57 Arab countries in return for a full withdrawal from the lands it had captured in the 1967 war, the creation of a Palestinian state and a "just solution" for Palestinian refugees. The presentation of the plan was destroyed by Hamas, which blew up an Israeli hotel full of Holocaust survivors from WWII during their annual historic Passover Seder meal.

Israeli Prime Minister Ariel Sharon withdrew entirely from Gaza in 2005, forcefully evicting all Jewish settlers from the land. Israel turned the entire territory with commercial greenhouses and settler's homes intact, over to the Palestinians, who promptly raided and destroyed the greenhouses, and elected the entire Palestinian militant terrorist group Hamas the following year (2006), to govern over them in their only legislative e******ns ever held to this date.

HAMAS is an Islamist group totally committed to the destruction of Israel and is designated as a terrorist group by the UK and many other countries.

Had they been intent on the development of the Gaza Strip for the future well being of their people, they could have built tourist hotels and resorts on the Mediterranean Sea shores, but they opted, instead to build hundreds of underground tunnels and missiles and other weapons to continually war upon Israel.

During the years between 2006 and 2023, with no show of gratitude for the land of the Gazan Strip, HAMAS has proceeded to attack Israel and its citizens innumerable times without provocation, their only thought being to destroy Israel and possess all of the land partitioned to Israel by the U.N. charter, and ca 3,800 years before that, given to Abraham, Isaac and Jacob as a permanent possession by the God of the Bible.

The Palestinian militant group, HAMAS, launched a devastating, barbaric missile attack and cross-border murderous sneak attack on Israeli territory on Oct. 7, 2023, and Israel has responded with a defensive air and land offensive on HAMAS forces in the Gaza Strip, with the goal of eliminating Hamas' ability to continue torturing, raping and murdering Israeli citizens.

HAMAS, as an army of terrorists, must be destroyed because their only function is to steal, k**l and destroy.
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Mar 30, 2024 18:31:59   #
saltwind,

I believe HAMAS is totally to blame for forcefully refusing to allow their own Arab Muslim Gazan citizens to escape the bombardments, preferring to allow them to die, and Israel to be blamed... although Israel had dropped leaflets in Arabic, by the thousands, before each bombing warning them to get out.

This terrorist war was brought to Israel; they were in no way the aggressor. They are fighting for their own survival.

Never again!

saltwind 78 wrote:
Ri-chard, Israel did nothing to provoke Hamas into attacking Israelis, and others. The attack occurred against people attending a " peace concert ". Israeli intelligence never saw it coming.
This attack was well planned out to the last detail. It is no secret to Hamas that Israel was founded mostly as a refuge for Jews being persecuted around the world. The credo of the U.S. is in G-D we trust, the credo of Israel was, and is " never again ". Hamas knew that Israel could have only one option, war. That is why they built hundreds of miles of tunnels in Gaza. They were deliberately placed around populated centers like Mosques, schools and hospitals so the civilians would be a human shield. It was these places that Hamas launched rockets into Israel, built armories and command centers. When Israel did attack Hamas, they used five hundred lb. bombs. That was the only way to attack Hamas without taking terrible casualties. Of course many innocent civilians died in these attacks. It was neither planned by Israel or wanted by them!
People around the world are protesting Israel creating such a high death rate among the civilians. I believe that Hamas is at least as much to blame as Israel. It was they that built the tunnels, not an air raid shelter for civilians but as human shielded military bases. It was they that attacked Israeli civilians in the most barbaric way possible. It was they that took over two hundred hostages.
Ri-chard, Israel did nothing to provoke Hamas into... (show quote)
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Mar 30, 2024 17:02:30   #
Hydro wrote:
What TJ doesn’t understand is one bears witness by the way they live their life not by running everyone else down - by doing that, one exalts themselves above others - TJ would get a lot farther by exerting a humbleness rather than a know it all better than thou attitude - was told previously TJ was a woman


Hydro, a detective, I am not, but thank you for 'sharing.'

In a debate, I don't believe anyone can successfully "exalt themself" above anyone else, anymore than they can "run anyone else down," other than in their own mind, UNLESS that targeted individual tacitly or passively acquiesces.

IMHO, only God truly knows what anyone on an internet forum does or does not understand, or for that matter, how they are living their personal life, - for on this or on any other debate forum, we see only the expressed opinions, beliefs, and written interactions between our fellow forum members, as they see fit to express them.

Unless a forum member wishes to state their g****r/sex, as material to their specific argument, it is immaterial to me, i.e., not my concern.

It is only fellow member's stated opinions and beliefs on a particular topic, as well as their source material and documentation, not their personality, that might garner my attention, whether to agree or to disagree and attempt to refute their argument.

In addition, whether anyone actually has a "know it all better than thou attitude" is known but to them and to God. I can't read anyone's mind, or control another person's attitude, nor would I care to do so.
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Mar 30, 2024 13:55:41   #
These events took plan on October 7th, 2023. Lying and denying the t***h now will never make them go away, anymore than the Holocaust of WWII can ever be successfully hidden away. The t***h cannot be long suppressed.

Film has been culled from body cameras worn by Hamas attackers, dashcams, traffic cameras, closed-circuit TV and the mobile phones and social media accounts of victims, soldiers and emergency medical workers. It includes disturbing scenes of people being gunned down as they drive along a highway, cower in their homes and try to flee across an open field. There are still photographs of burned bodies, of bloody teenagers piled in the backs of trucks, of lifeless children in pajamas (their faces blurred to protect their identities).

Sara Greenberg — a former foreign affairs adviser to the Israeli prime minister whose husband, Lt. Col. Amnon Shefler, is a spokesman for the Israeli military. “Just as there are those who deny the Holocaust, there are those who are attempting to deny and distort the atrocities committed by Hamas, despite the fact that the Hamas terrorists documented the attacks themselves.”

HAMAS terrorists gleefully sent the videos to Media Internet outlets for all the world to see as they were being committed, by those HAMAS members who committed the crimes, proudly documenting their deeds in real time.

The appalling record of Hamas brutality has set a new standard in graphic evidence of unrivaled human atrocities.

Internet bigots are now flooding social media with denial of this savage, beyond animalistically cruel assault.

Pro-Palestinian hashtags on TikTok have more reach than 10 top mainstream news sites from across the political spectrum combined, according to research conducted by data scientist Anthony Goldbloom. There are 54 views of videos with pro-Palestinian hashtags for every view of a TikTok video with a pro-Israel hashtag in the U.S. and #freepalestine is one of the top-performing hashtags across all of TikTok.

But although it is especially disturbing that rampant atrocity denying antisemitic content abounds, the t***h of 10/7/23 has been released by TIME.com, and dozens of others.

The videos produced by the actual terrorist HAMAS perpetrators absolutely do include:

Savagely beheaded babies, pregnant women with their wombs violently cut open and fetuses stabbed, live babies burnt in ovens, as their parents are being tortured while being forced to listen to their screams and smell their burning flesh; hundreds of innocent people hunted down like animals and burned alive, gruesome m********n of raped women's corpses, a systematic pre-planned sub-human campaign of indescribably savage murders, rapes and barbaric acts of necrophilia, trained for months in advance.

Now open to public mourning, the site of the October 7th Hamas attack on the Nova rave is rapidly becoming an internationally recognized Israeli national memorial, similar to memorials honoring genocidal victims at Israel’s Yad Vashem - west of Jerusalem, The American Holocaust Museum in Washington DC, The Anne Frank House in Amsterdam, the Hungarian Jewish Museum in Budapest’s stately Dohány Street Synagogue, the National Museum of the Holodomor-Genocide in Ukraine, Srebrenica-Potočari Genocide Memorial and Cemetery in Croatia, and Rwanda’s Kigali Genocide Memorial, among many other infamous memorials of man's capacity for godless inhumanity to man.

They are vital landmarks forever documenting the historic t***h of unimaginable human depravity and cruelty victimizing their fellow human beings.

https://time.com/6565186/october-7-hamas-attack-footage-film/
The Worst 45 Minute Film You Will Ever See
By Jeffrey Sonnenfeld
January 23, 2024 11:03 AM EST
Sonnenfeld is the Lester Crown Professor of Leadership Practice at the Yale School of Management, and President of the Yale Chief Executive Leadership Institute.

https://www.hollywoodreporter.com › news › general-news › hollywood-screening-bearing-witness-hamas-israel-attack-1235642773
Gruesome Footage of Oct. 7 Hamas Atrocities Screens in Hollywood Under ...
Nov 8, 2023Gruesome Footage of Oct. 7 Hamas Atrocities Screens in Hollywood Under Heavy Guard.

Ri-chard wrote:
Myth-busting documentary finally breaks the stranglehold of Israel and its western media acolytes over the story of what happened on 7 October.

Beheaded babies, a pregnant woman with her womb cut open and the fetus stabbed, children put in ovens, hundreds of people burned alive, m********n of corpses, a systematic campaign of indescribably savage rapes and acts of necrophilia.

Yep, the Western politicians and media lapped it up, repeating the allegations uncritically while ignoring Israel’s genocidal rhetoric and increasingly genocidal military operations these claims supported.
https://prepareforchange.net/2024/03/29/we-were-lied-into-the-gaza-genocide-al-jazeera-has-shown-us-how/?utm_source=rss&utm_medium=rss&utm_campaign=we-were-lied-into-the-gaza-genocide-al-jazeera-has-shown-
us-how

Israel-Palestine war: Why is the media ignoring evidence of Israel’s own actions on 7 October?
The BBC and others keep revisiting Hamas crimes that day, but fail to report on growing evidence that Israel k**led its own citizens
https://www.middleeasteye.net/opinion/israel-palestine-war-media-ignoring-evidence-actions-7-october
Myth-busting documentary finally breaks the strang... (show quote)
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Mar 30, 2024 12:20:34   #
TJKMO wrote:
I have a humble desire to atone for my sins by following Jesus Christ words to
BEAR WITNESS TO THE T***H.


That is not humble, but arrogant.

Were you able to atone for your own sins, Jesus could have remained in heaven during the 1st century, as there would have been no need for His crucifixion, resurrection and ascension back whence He came.
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Mar 30, 2024 10:32:11   #
Thank you, Emily,

There's really nothing, IMHO, brave about speaking our minds, as long as it coincides with the t***h as well as one can perceive it, and short of engaging one's mouth prior to effecting such an engagement with the mind.

I would be indifferent to any personal (ad hominem) vitriol or hatred thrown my way, placing no value on the thrower's obviously-in-error opinion.

It would be very difficult for anyone who can t***hfully self-identify as a rightwing, Christian, Conservative to be anyone's sheeple, as we are traditionally independently free-thinking individuals.

Those who support Trump do so because he stands for and has politically fought for those long ingrained basic principles we possessed before he ever rose to represent them.

As for TDS being a cult, I'm not sure how that works...

The foundation of a cult (from Latin for worship) is traditionally, historically, seen as forming around a person, an individual with a powerful, often magnetic personality, and is then shaped and recognizable in it's followers-members by their adherence to that leader's distinctly unique teachings.

In this case, it would appear that the constants are being reversed so that the cult-members, per se, are formed around that individual they would willfully consign to hell, rather than worship, were it within their power to do so - which it isn't!

Interesting perspective, though.

Back to the concept of "being brave," - Emily, I do not believe that the poster(s) exist on this forum or any other that could intimidate either of us.

EmilyD wrote:
A brave post in the face of all the vitriol and h**e being thrown at Trump supporters these days!!

Good for you for not being a TDS Cult sheeple! 👍👍

And good post! 🎯🇺🇸
..


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Mar 30, 2024 04:41:23   #
4430 wrote:
Obama is doing his third term thru Joe Biden


Yes, he is, and going for a fourth term, which (although now illegal - via term limiting), if successful, would rival Franklin Delano Roosevelt.
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Mar 30, 2024 04:23:29   #
This United States of America's greatest need at the moment is the dissemination of the Bible, through every nook and cranny, every hill and crevice, across every river, over every mountain, get my drift.

Donald Trump doesn't attempt to hide any of his faults, nor has he ever.

His business masterpiece, "The Art of the Deal' (1987) very openly proclaimed and displayed decades ago that his greatest God-given talent was his business sense. He has the heart of a "profit-eer," i.e., a capitalist...

"Acquisition beyond expenditure; excess of value received for producing, keeping, or selling, over cost; hence, pecuniary gain in any t***saction or occupation; emolument,
'a profit on the sale of goods'"

capitalist
noun

A supporter of capitalism. An investor of capital in business. A person of great wealth.

It is his flaws that make him so cute!!!

Milosia2 wrote:
Sadly , the trumporexics are unable to see
ANY Flaws In trump .
A cult of trumporexics
They can only see a wonderful misunderstood fine young man !
Who is today ,
selling the lords word for PROFIT ! Blasphemous!
Everything Donald , these days is for sale !!!
The God Bless America Bible !!!!
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Mar 30, 2024 03:57:23   #
TJKMO wrote:
At long last this sinner is trying to hoodwink his Evangelical Base.

I hope they see through this grift.


TJKMO,

Every Evangelical Christian on earth is a sinner, a forgiven sinner.

Christians can recognize Donald Trump as a choice God would make, based on His written word. In 1st Corinthians 1:25, 27-28, God has made it very clear that His choice is not often one the 'movers' and 'shakers' of this world would consider:

"Because God's foolishness is wiser than human wisdom, and God's weakness is stronger than human strength,
Instead, God has chosen what is foolish in the world to shame the wise, and God has chosen what is weak in the world to shame the strong.
God has chosen what is insignificant and despised in the world - what is viewed as nothing - to bring to nothing what is viewed as something." (1st Corinthians 1:25, 27-28)

Three thousand years ago, King David, Adulterer and Murderer of his Adultress wife's soldier husband, was used by God, under the inspiration of the Holy Spirit, to author 75 of the 150 Psalms.

For centuries, commonly referred to as "God's Psychiatry (before there was an Academic Discipline known as Psychiatry), those Psalms have blessed the lives of untold millions of people by offering timeless wisdom for a more courageous, enthusiastic and more confident outlook on life, with inward peace. The essence of God's psychiatry are 'prescriptions' from Bible passages, among which are: The Twenty-third Psalm, The Ten Commandments, The Lord's Prayer, and The Beatitudes.

After Moses had murdered an Egyptian who was beating a fellow Hebrew,Moses, who had been raised as a prince in Egypt by God's provision, was then used as the Deliverer of God's people, bringing them out of servitude in Egypt. Moses received the Ten Commandments, written by the finger of God, then he delivered the Hebrews to the front door of the Promised Land, i.e., Canaan, in fulfillment of His 400 year old promise to Abraham.
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Mar 30, 2024 02:31:44   #
Wonttakeitanymore wrote:
Hillary the beast wants to k**lerize him so bad she can taste it !! He should have gone with the other hero Snowden


If hindsight were but foresight, if ever presented with the opportunity, he should indeed have done so.
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Mar 30, 2024 02:22:13   #
proud republican wrote:
https://youtube.com/shorts/ma5TZo7ZjeU?si=lhK_8WdkLE9h9D_k

These 'ordinary' Gazans are taught nothing but hatred for any Kaf'ir(s) nonMuslim(s), from the womb to the tomb.

This irrational, unreasoning hatred 'normally' extends beyond Kaf'irs, from Sunni Muslim to Shi'ite Muslim, and from Shi'ite Muslim to Sunni Muslim, for thus are they taught from birth.

They are greatly to be pitied just as a rabid dog is to be pitied... from a distance, from the exterior of their enclosure or area of confinement, -

OR, most unfortunately, in order for any civil society to exist within their vicinity, quite often, they simply must be put down.
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Mar 23, 2024 13:35:37   #
"Therefore let no one judge you in regard to food and drink or in regard to [the observance of] a festival or a new moon or a Sabbath day." (Colossians 2:1)

The ancient Jewish celebration of Purim 2024 also begins Saturday night, March 23, continuing through this Sunday, March 24, 2024 (extending through Monday in Jerusalem).

The festival of Purim commemorates the Divinely orchestrated salvation of the Jewish people from Haman’s plot “to destroy, k**l and annihilate all the Jews, young and old, infants and women, in a single day, two thousand, four hundred years ago BCE, by Persia's Jewish Queen Esther, in the ancient Persian Empire,” It is celebrated with Megillah readings, gifts of food, charity, feasting, and merriment.(Esther 9:17-19, 9:27)

Oxford University Press, a department of the University of Oxford acknowledges that the term, Bible Thumper, is now considered to be a derogatory term within our contemporary society.

The term is often used by today's activist nonreligious to imply that someone who quotes Scripture in their daily speech usage is [politically incorrectly] pushing their religious beliefs upon others. However, the Bible itself endorses the promoting or endorsing of God's word, calling followers of Christ to share the gospel.

In sharing one’s faith, gentleness and respect (1st Peter 3:15) are to be utilized by Christians as they are also exhorted to always "speak the t***h in love" (Ephesians 4:15)

The earliest known use of the noun Bible-thumper is in the 1810s, during a time when officiating pastors often held their Bible aloft while delivering a sermon, and would occasionally tap it with their free hand for emphasis. This was especially common throughout the southern and midwest United States, in what has been traditionally known as the Bible Belt.

In His Priestly Prayer to God the Father in John 17, Jesus confirms that He has brought the message of salvation to the world: “Now this is eternal life: that they know you, the only true God, and Jesus Christ, whom you have sent” (John 17:3).

Jesus’ mission of bringing the t***h has been accomplished (John 17:4), and He turns the focus of His prayer to God working through the disciples and other believers. He confirms that believers will be rejected by the world for believing “Your word is t***h,” but believers are also assured joy, God’s protection from the evil one, and sanctification by God’s Word (John 17:13–19).

The Old and New Testaments reaffirm that the words recorded in the Bible are God’s words and that they are totally true. Since God cannot lie, His Word is t***h: “As for God, his way is perfect: The Lord’s word is flawless” (Psalm 18:30). Since God is eternal and unchanging, His Word is always the same: “Heaven and earth will pass away, but my words will never pass away” (Matthew 24:35; Isaiah 40:8). Jesus uses the Word as He rebukes the devil who was tempting Him: “It is written: ‘Man shall not live on bread alone, but on every word that comes from the mouth of God’”
(Matthew 4:4; Deuteronomy 8:3).

AuntiE wrote:
Personally, I know of no one who thumps on their Bible. It would seem disrespectful. Those who accuse conservatives of such behavior have spent more time watching television news make the accusation than they have making acquaintance with a Bible owning conservative.

Have a very blessed Palm Sunday!
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Mar 23, 2024 12:20:54   #
"Civility and healing our neighbor went out the window" after the New York Times reported on 14 June 2008, p**********l candidate Senator Barack Obama was fund-raising in Philadelphia... But he was talking about "the Chicago way."

Channeling the mob drama, "The Untouchables," Mr. Obama said in reference to the general e******n rumble with the Republicans: "If they bring a knife to the fight, we bring a gun."

On the same date, Reuters published an item that stated, in part: Democratic p**********l nominee Barack Obama, who regularly uses language to reinforce his modern-guy credentials, seems to have set that aside when he explained how he won’t be cowed by Republican attacks.

"If they bring a knife to the fight, we bring a gun," Obama said at a fund-raiser in Philadelphia on Friday, employing a phrase that could have been lifted from a gangster movie.

George W. Bush didn't create the American subprime mortgage crisis resulting in a multinational financial crisis that occurred between 2007 and 2010 and contributed to the 2007-2008 global financial crisis, a severe contraction of liquidity in global financial markets that originated in the collapse of the U.S. housing market.

It threatened to destroy the international financial system; caused the failure (or near-failure) of several major investment and commercial banks, mortgage lenders, insurance companies, and savings and loan associations; and precipitated the Great Recession (2007–09), the worst economic downturn since the Great Depression (1929–c. 1939). The crisis led to a severe economic recession, with millions of people losing their jobs and many businesses going bankrupt.

The expansion of mortgages to high-risk borrowers, coupled with rising house prices, initiated the period of turmoil in financial markets that lasted from 2007 to 2010. This was never the policy of George W. Bush who had warned these agencies, - who ignored him.

Start with the Community Reinvestment Act (CRA), title VIII of the Housing and Community Development Act of 1977, signed by President Jimmy Carter, a United States federal law designed to "encourage" commercial banks and savings associations to facilitate mortgages to residents in low-and moderate-income [minority] neighborhoods - regardless of their ability to repay.

In 1999, under Bill Clinton, the Depression-era Glass-Steagall Act (1933) was partially repealed, allowing banks, securities firms, and insurance companies to enter each other’s markets and to merge, resulting in the formation of banks that were “too big to fail” (i.e., so big that their failure would threaten to undermine the entire financial system).

In addition, in 2004 the Securities and Exchange Commission (SEC) weakened the net-capital requirement (the ratio of capital, or assets, to debt, or liabilities, that banks are required to maintain as a safeguard against insolvency), which encouraged banks to invest even more money into MBSs. Although the SEC’s decision resulted in enormous profits for banks, it also exposed their portfolios to significant risk, because the asset value of MBSs was implicitly premised on the continuation of the housing bubble.

To buttress the funding of mortgages, the Congress had greatly increased the maximum size of mortgages that FHA would insure. Because FHA loans allow for low down payments, the agency’s share of newly issued mortgages jumped from under 10 percent to over 40 percent.

The subprime mortgage crisis of 2007–10 stemmed from an earlier expansion of mortgage credit, including to borrowers who previously would have had difficulty getting mortgages, which both contributed to and was facilitated by rapidly rising home prices. Historically, potential homebuyers had always found it difficult to obtain mortgages if they had below average credit histories, provided small down payments or sought high-payment loans, and rightfully so... Mortgage lending is serious amounts of funding by profit motivated business, it is not a charity.

Unless protected by government insurance, lenders often denied such mortgage requests. While some high-risk families could obtain small-sized mortgages backed by the Federal Housing Administration/ FHA, (a.k.a., tax-payers), others, facing limited credit options, rented.

In that era, home ownership fluctuated around 65 percent, mortgage foreclosure rates were low, and home construction and house prices mainly reflected swings in mortgage interest rates and income.

In the early and mid-2000s, high-risk mortgages became available from lenders who funded mortgages by repackaging them into pools that were sold to investors. New financial products were used to apportion these risks, with private-label mortgage-backed securities (PMBS) providing most of the funding of subprime mortgages. The less vulnerable of these securities were viewed as having low risk either because they were insured with new financial instruments or because other securities would first absorb any losses on the underlying mortgages (DiMartino and Duca 2007). This enabled more first-time homebuyers to obtain mortgages (Duca, Muellbauer, and Murphy 2011), and home ownership rose.

The resulting demand bid up house prices, more so in areas where housing was in tight supply. This induced expectations of still more house price gains, further increasing housing demand and prices (Case, Shiller, and Thompson 2012). Investors purchasing PMBS profited at first because rising house prices protected them from losses. When high-risk mortgage borrowers could not make loan payments, they either sold their homes at a gain and paid off their mortgages, or borrowed more against higher market prices. Because such periods of rising home prices and expanded mortgage availability were relatively unprecedented, and new mortgage products’ longer-run sustainability was untested, the riskiness of PMBS was not well-understood. On a practical level, risk was “off the radar screen” because many gauges of mortgage loan quality available at the time were based on prime, rather than new, mortgage products.

When house prices peaked, mortgage refinancing and selling homes became less viable means of settling mortgage debt and mortgage loss rates began rising for both lenders and investors. In April 2007, New Century Financial Corp., a leading subprime mortgage lender, filed for bankruptcy. Shortly thereafter, large numbers of PMBS and PMBS-backed securities were downgraded to high risk, and several subprime lenders closed. Because the bond funding of subprime mortgages collapsed, lenders stopped making subprime and other nonprime risky mortgages. This lowered the demand for housing, leading to sliding house prices that fueled expectations of still more declines, further reducing the demand for homes. Prices fell so much that it became hard for troubled borrowers to sell their homes to fully pay off their mortgages, even if they had provided a sizable down payment.

As a result, two government-sponsored enterprises, Fannie Mae and Freddie Mac, suffered huge losses, resulting in being seized by the federal government in the summer of 2008.

Earlier, in order to meet federally mandated goals to increase home ownership, often to families with no potential means to repay the mortgage. Fannie Mae and Freddie Mac had issued debt to fund purchases of subprime mortgage-backed securities, which later fell in value. In addition, the two government enterprises suffered losses on failing prime mortgages, which they had earlier bought, insured, and then bundled into prime mortgage-backed securities that were sold to investors.

In response to these new developments, lenders subsequently made qualifying more difficult for high-risk and relatively low-risk mortgage applicants, depressing housing demand further. As foreclosures increased, repossessions multiplied, boosting the number of homes being sold into a weakened housing market. This was compounded by attempts by delinquent borrowers to try to sell their homes to avoid foreclosure, sometimes in “short sales,” in which lenders accept limited losses if homes were sold for less than the mortgage owed.

In these ways, the collapse of subprime lending fueled a downward spiral in house prices that unwound much of the increases seen in the subprime boom.

The housing crisis provided a major impetus for the recession of 2007-09 by hurting the overall economy in four major ways. It lowered construction, reduced wealth and thereby consumer spending, decreased the ability of financial firms to lend, and reduced the ability of firms to raise funds from securities markets (Duca and Muellbauer 2013).

NotMAGA wrote:
A lot of folks have the opinion that America was already finally back to pretty darn great by 2016, after the housing debacle and economic downturn under GW.

Pretty great, that is, before DJ was elected. Civility and healing our neighbor went out the window - because he's the kind of guy who isn't shy about saying "What's in it for me?" ...and most if his fan base seems to feel the same way.

More "do unto others BEFORE they do unto you" as opposed to the scripture we memorized as children in Sunday School.
A lot of folks have the opinion that America was a... (show quote)
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Mar 23, 2024 10:14:02   #
manning, most assuredly, the vast majority of those early settlers who made it to North America's shores after long, trying, difficult ship voyages, had every intention of contributing to the success of a new nation, as it was meshed with their own success, first as an individual, and eventually as a family.

That is just as true today as then... unless suffering from mental illness.

According to Town and Country magazine .com, published Nov 14, 2018, DJT may have been the 1st to use the acronym MAGA, however, he was in no way the first politician to use the phrase. Ronald Reagan and George H.W. Bush used "Let’s Make America Great Again" in their 1980 campaign and at the Republican National Convention that same year.

Although former President Bill Clinton criticized the phrase as r****t before a crowd at a Florida rally in 2016, he, too, has used it himself. "I believe that together we can make America great again," Clinton said in his 1991 p**********l announcement speech.

Clinton also used it at a campaign stop about a year later, when he asked v**ers "to make America great again economically, educationally, and socially."

manning5me wrote:
===================
Zemirah, your praises are really over the top, but I thank you for them! I never thought my bulb shone so bright!
And Meatloaf's two out of three ain't bad at all.

It is hard for me to grasp what a nonMAGA world would be like. I consider Trump to be the first advocate for MAGA, but MAGA itself is an ideal that every true American can and should ascribe to. Is that not so?
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