Zambroski Posted December 20, 2016 Share Posted December 20, 2016 1 minute ago, Anler said: Bush has everything to do with our wars and our debt. He was and is a fucking dummy. Wars yes. Housing collapse...no. Place blame where it is due. Quote Link to comment Share on other sites More sharing options...
Anler Posted December 20, 2016 Share Posted December 20, 2016 Just now, Zambroski said: Wars yes. Housing collapse...no. Place blame where it is due. Ummm when did the credit default swaps start to kick off? Did bush gut the regulatory oversight of the markets? Yeah bush has some skin in that brah... Quote Link to comment Share on other sites More sharing options...
Dave Posted December 20, 2016 Share Posted December 20, 2016 5 minutes ago, Anler said: Dude, I watched companies who have been around forever go out of business in the short time after the crash. I knew dozens of people who were unemployed in 2009. I'm not seeing any of that right now. It is FAR better now than it was 8 years ago. Thats why I said stable....one wrong move could be disastrous. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted December 20, 2016 Share Posted December 20, 2016 1 minute ago, Anler said: Ummm when did the credit default swaps start to kick off? Did bush gut the regulatory oversight of the markets? Yeah bush has some skin in that brah... clinton actualy gutted most of it and then the dems wouldn't let the bush admin keep fannie and freddie from competing with private companies or shitty credit mortgages. Reality is blame belongs to both parties and the constant mantra of politicians that everyone should be a homeowner. Quote Link to comment Share on other sites More sharing options...
Anler Posted December 20, 2016 Share Posted December 20, 2016 Credit default swaps have existed since 1994, and increased in use after 2003. By the end of 2007, the outstanding CDS amount was $62.2 trillion,[3] Quote Link to comment Share on other sites More sharing options...
Zambroski Posted December 20, 2016 Share Posted December 20, 2016 5 minutes ago, Anler said: Ummm when did the credit default swaps start to kick off? Did bush gut the regulatory oversight of the markets? Yeah bush has some skin in that brah... No...he did not cut regulatory oversights. He may have some skin in it but everybody with a brain saw it coming and Fannie and Freddy had fucked up the whole whole nation to a point it was best to let it all go. Not that there was a choice. Why do you think it all came about? I'll give you a hint, it rhymes with "lemocrats". Quote Link to comment Share on other sites More sharing options...
1jkw Posted December 20, 2016 Share Posted December 20, 2016 3 minutes ago, Angry ginger said: clinton actualy gutted most of it and then the dems wouldn't let the bush admin keep fannie and freddie from competing with private companies or shitty credit mortgages. Reality is blame belongs to both parties and the constant mantra of politicians that everyone should be a homeowner. Bush bragged about homeownership being up under his admin, didn't change any rules when his party had control, had the fed. regulators done their jobs it never would have gotten so far out of hand. Even now after the collapse these dumb fucks want to loosen regulations on borrowing. Quote Link to comment Share on other sites More sharing options...
Anler Posted December 20, 2016 Share Posted December 20, 2016 1 minute ago, Zambroski said: No...he did not cut regulatory oversights. He may have some skin in it but everybody with a brain saw it coming and Fannie and Freddy had fucked up the whole whole nation to a point it was best to let it all go. Not that there was a choice. Why do you think it all came about? I'll give you a hint, it rhymes with "lemocrats". Of course, the Democrats sabotaged him! Those "conservatives" massively increased spending and had the largest growth of govt in our lifetime. They do NOT get a pass. Oh and to pay for all of their reckless spending the CUT taxes on the highest earners leaving chumps like us to pay the bills. Those neocons sure are some economic wizards eh? Quote Link to comment Share on other sites More sharing options...
Zambroski Posted December 20, 2016 Share Posted December 20, 2016 Just now, Anler said: Of course, the Democrats sabotaged him! Those "conservatives" massively increased spending and had the largest growth of govt in our lifetime. They do NOT get a pass. Oh and to pay for all of their reckless spending the CUT taxes on the highest earners leaving chumps like us to pay the bills. Those neocons sure are some economic wizards eh? You are changing the narrative. Did you have a cup of lib-tard soup for dinner? Slow your roll and get your head right. Quote Link to comment Share on other sites More sharing options...
1jkw Posted December 20, 2016 Share Posted December 20, 2016 5 minutes ago, Zambroski said: No...he did not cut regulatory oversights. He may have some skin in it but everybody with a brain saw it coming and Fannie and Freddy had fucked up the whole whole nation to a point it was best to let it all go. Not that there was a choice. Why do you think it all came about? I'll give you a hint, it rhymes with "lemocrats". He took off the job top regulators to track monies for terrorists, the bulk of the bad morgs. were written in 04 and 05, the all time record high energy prices stalled the economy that brought down everything including the housing market. Quote Link to comment Share on other sites More sharing options...
Anler Posted December 20, 2016 Share Posted December 20, 2016 Just now, Zambroski said: Damn anler, you're right. You are one smart dude. Thanks. 1 Quote Link to comment Share on other sites More sharing options...
bussman Posted December 20, 2016 Share Posted December 20, 2016 40 minutes ago, Zambroski said: Bush had nothing to do with the housing collapse. Yes he did Quote Link to comment Share on other sites More sharing options...
snoughnut Posted December 20, 2016 Share Posted December 20, 2016 In 1999, Democrats led by President Bill Clinton and Republicans led by Sen. Phil Gramm joined forces to repeal Glass-Steagall at the behest of the big banks. What happened over the next eight years was an almost exact replay of the Roaring Twenties. Once again, banks originated fraudulent loans and once again they sold them to their customers in the form of securities. The bubble peaked in 2007 and collapsed in 2008. The hard-earned knowledge of 1933 had been lost in the arrogance of 1999. Quote Link to comment Share on other sites More sharing options...
Anler Posted December 20, 2016 Share Posted December 20, 2016 4 minutes ago, snoughnut said: In 1999, Democrats led by President Bill Clinton and Republicans led by Sen. Phil Gramm joined forces to repeal Glass-Steagall at the behest of the big banks. What happened over the next eight years was an almost exact replay of the Roaring Twenties. Once again, banks originated fraudulent loans and once again they sold them to their customers in the form of securities. The bubble peaked in 2007 and collapsed in 2008. The hard-earned knowledge of 1933 had been lost in the arrogance of 1999. Credit default swaps have existed since 1994, and increased in use after 2003. By the end of 2007, the outstanding CDS amount was $62.2 trillion,[3] 2003 is when it got nuts and it didn't take long to pop after that. 2003-2008. In 5 years they killed the world economy. Obama hasn't done anything close to that kind of fuckery. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted December 20, 2016 Share Posted December 20, 2016 33 minutes ago, 1jkw said: He took off the job top regulators to track monies for terrorists, the bulk of the bad morgs. were written in 04 and 05, the all time record high energy prices stalled the economy that brought down everything including the housing market. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted December 20, 2016 Share Posted December 20, 2016 20 minutes ago, bussman said: Yes he did Let's say he had "little" to do with it. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted December 20, 2016 Share Posted December 20, 2016 34 minutes ago, Anler said: Thanks. I'm feeling generous. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted December 20, 2016 Platinum Contributing Member Share Posted December 20, 2016 (edited) 3 minutes ago, Zambroski said: Let's say he had "little" to do with it. You're a typical knuckledragger.....these guys post facts and you ignore them You're defending Bush... enough said Edited December 20, 2016 by SnowRider Quote Link to comment Share on other sites More sharing options...
Zambroski Posted December 20, 2016 Share Posted December 20, 2016 Just now, SnowRider said: You're a typical knuckledragger.....these guys post facts and you ignore them You're defending Bush... enough said Not defending. I'm knowledgeable. You're nothing but a fucking idiot liberal coward. Let's settle up on those bets. You fucking pussy. Quote Link to comment Share on other sites More sharing options...
Anler Posted December 20, 2016 Share Posted December 20, 2016 Everything bad that has happened was either Obama or bill Clinton. Everything good was from Reagan and the bushes. Does that sound about right? Quote Link to comment Share on other sites More sharing options...
Zambroski Posted December 20, 2016 Share Posted December 20, 2016 1 minute ago, Anler said: Everything bad that has happened was either Obama or bill Clinton. Everything good was from Reagan and the bushes. Does that sound about right? No, it doesn't. Please use a smaller bowl. Quote Link to comment Share on other sites More sharing options...
Momorider Posted December 20, 2016 Share Posted December 20, 2016 1 hour ago, Anler said: Ummm when did the credit default swaps start to kick off? Did bush gut the regulatory oversight of the markets? Yeah bush has some skin in that brah... Slick did all that Quote Link to comment Share on other sites More sharing options...
Anler Posted December 20, 2016 Share Posted December 20, 2016 And remember when dick Cheney started his "energy task force" and conspired to throw a big dick in our asses with their "peak oil" bullshit? Nah, you guys don't remember that. http://www.washingtonpost.com/wp-dyn/content/article/2005/11/15/AR2005111501842.html Quote Link to comment Share on other sites More sharing options...
1jkw Posted December 20, 2016 Share Posted December 20, 2016 9 hours ago, Zambroski said: When you got nothing, post a meme. Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted December 20, 2016 Share Posted December 20, 2016 16 minutes ago, 1jkw said: When you got nothing, post a meme. its called motoing Quote Link to comment Share on other sites More sharing options...
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