Mileage Psycho Posted March 28, 2017 Author Share Posted March 28, 2017 Just now, Momorider said: look it up its all on the federal site you fucking penis head dago midget know nothing clown You're the know nothing queen that posts constant bullshit you shit swallowing degenerate. You got nothing shit eater Quote Link to comment Share on other sites More sharing options...
Momorider Posted March 28, 2017 Share Posted March 28, 2017 (edited) 4 minutes ago, Mileage Psycho said: You're the know nothing queen that posts constant bullshit you shit swallowing degenerate. You got nothing shit eater So you are just going to continue with the DemonCUNT talking points and FAKNEWS lies????, what a surprise Ballsack you lying sack of dago shit Edited March 28, 2017 by Momorider Quote Link to comment Share on other sites More sharing options...
Momorider Posted March 28, 2017 Share Posted March 28, 2017 (edited) 5 minutes ago, Mileage Psycho said: Birds of a feather flock together Or real story its just true and you are a fucking pathetic know nothing lying hack Edited March 28, 2017 by Momorider Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 28, 2017 Platinum Contributing Member Share Posted March 28, 2017 5 minutes ago, Mileage Psycho said: Birds of a feather flock together So you don't think someone or group wouldn't have swooped in and purchased GM for the right price? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 28, 2017 Platinum Contributing Member Share Posted March 28, 2017 Just now, Momorider said: Or real story its just true and you are a fucking pathetic know nothing lying hack Bingo. Quote Link to comment Share on other sites More sharing options...
Momorider Posted March 28, 2017 Share Posted March 28, 2017 7 minutes ago, Highmark said: So you don't think someone or group wouldn't have swooped in and purchased GM for the right price? Oh look the guy who supposedly owns a business doesn't know anything about business Quote Link to comment Share on other sites More sharing options...
Mileage Psycho Posted March 28, 2017 Author Share Posted March 28, 2017 15 minutes ago, Highmark said: So you don't think someone or group wouldn't have swooped in and purchased GM for the right price? It would have brought the auto industry to it's knees; Didn't you follow any auto industry news back then? Quote Why Toyota wants GM to be saved By Chris Isidore, CNNMoney.com senior writer Last Updated: December 16, 2008: 9:53 AM ET NEW YORK (CNNMoney.com) -- Detroit's Big Three aren't the only automotive companies that want to see the government step in with some much-needed financial help. Overseas automakers, most notably Toyota Motor, all endorse some form of federal aid to keep General Motors (GM, Fortune 500), Chrysler LLC and possibly Ford Motor (F, Fortune 500) out of bankruptcy. The Senate killed an effort to get the automakers a stopgap loan last week and now the Bush administration has said it is looking at providing the automakers help from the $700 billion approved to bail out banks and Wall Street firms. "We support measures to help the industry," said Toyota Motor (TM) spokeswoman Mira Sleilati. "We just want a strong, competitive healthy industry." This may seem surprising at first, especially considering that much of the opposition to the auto bailout was from senators from Southern states that are home to auto plants operated by Asian auto companies, such as Alabama and South Carolina. But the Asian automakers insist they never lobbied against such help for the Big Three. And this makes sense after taking a closer look at the dynamics of the auto industry and the intertwined fates of its companies. Here's why Toyota, Honda Motor (HMC) and other Asian auto manufacturers clearly believe they are all better off if GM and Chrysler survive. Collateral damage The overseas automakers, who between them produce more than 3 million vehicles a year at U.S. plants, all worry their production would be hurt if one of the U.S. automakers went under. That's because a Big Three failure would likely lead to widespread bankruptcies in the auto parts supplier industry. Erich Merkle, lead auto analyst with the consulting firm Crowe Horwath LLP, said there is much overlap between the automakers' suppliers. Since most parts in an automobile have only a single supplier producing them, the disruptions in production will be severe and prolonged. "It could take months for a Toyota to work through that and resume normal production," he said. Merkle said the current network of auto suppliers, manufacturers and dealerships has worked well for the overseas automakers, who have posted steady gains in their U.S. market share during the past few years. Besides sharing suppliers, many dealers sell both U.S. and overseas brands. So the failure of a U.S. automaker could hurt the overseas manufacturers' dealer network and their sales as well, Merkle said. "There would be a severe disturbance in the force," he quipped. http://money.cnn.com/2008/12/15/news/companies/overseas_automakers/?postversion=2008121517 Quote Link to comment Share on other sites More sharing options...
Momorider Posted March 28, 2017 Share Posted March 28, 2017 2 minutes ago, Mileage Psycho said: It would have brought the auto industry to it's knees; Didn't you follow any auto industry news back then? CNN FAKENEWS Quote Link to comment Share on other sites More sharing options...
Zambroski Posted March 28, 2017 Share Posted March 28, 2017 I can see since it's clear the Obamacare plan is destined for failure...and Dems realize this, they are trying so hard to keep their idiot king up on that magic pedestal and save his "legacy". Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 28, 2017 Platinum Contributing Member Share Posted March 28, 2017 4 minutes ago, Mileage Psycho said: It would have brought the auto industry to it's knees; Didn't you follow any auto industry news back then? Of course Toyota wanted them to be saved. They knew the govt would protect union workers and have an advantage in their own non-union factories. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 28, 2017 Share Posted March 28, 2017 (edited) 17 hours ago, Ez ryder said: um yeah better look a bit deeper . I would give it a 60% or higher on home lone policy . The whole thing can be laid squarely at the feet of the banks and their bundling of mortgages that were toxic , credit default swaps , derivatives etc etc etc. Since they could play with all of our money instead of just their own (glass steagall) we were all on the hook for their fuckery and the taxpaying public paid the ultimate price for their fraudulent gambling. There should have been 1000 white collars given the death sentence and instead we gave them all golden parachutes You'd have to be a brain dead fucking moron to blame any of it on some poor schmuck that bought too much house. Edited March 28, 2017 by f7ben 1 Quote Link to comment Share on other sites More sharing options...
1jkw Posted March 28, 2017 Share Posted March 28, 2017 13 minutes ago, f7ben said: The whole thing can be laid squarely at the feet of the banks and their bundling of mortgages that were toxic , credit default swaps , derivatives etc etc etc. Since they could play with all of our money instead of just their own (glass steagall) we were all on the hook for their fuckery and the taxpaying public paid the ultimate price for their fraudulent gambling. There should have been 1000 white collars given the death sentence and instead we gave them all golden parachutes You'd have to be a brain dead fucking moron to blame any of it on some poor schmuck that bought too much house. Billions in fines and virtually no one went to jail. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 28, 2017 Share Posted March 28, 2017 3 minutes ago, 1jkw said: Billions in fines and virtually no one went to jail. we lined their pockets and then gave them some token fines to sell to the public .....fucking makes my blood boil Quote Link to comment Share on other sites More sharing options...
1jkw Posted March 28, 2017 Share Posted March 28, 2017 Just now, f7ben said: we lined their pockets and then gave them some token fines to sell to the public .....fucking makes my blood boil Some want more deregulation now. What could possibly go wrong? Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 28, 2017 Share Posted March 28, 2017 1 minute ago, 1jkw said: Some want more deregulation now. What could possibly go wrong? banks being allowed to co-mingle their investment capital with the general publics deposit capital which is federally insured was the most disgusting thing that could possibly have been done .....of course the vampires on both sides could agree to that .....fucking blood sucking leeches Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted March 28, 2017 Share Posted March 28, 2017 2 hours ago, f7ben said: The whole thing can be laid squarely at the feet of the banks and their bundling of mortgages that were toxic , credit default swaps , derivatives etc etc etc. Since they could play with all of our money instead of just their own (glass steagall) we were all on the hook for their fuckery and the taxpaying public paid the ultimate price for their fraudulent gambling. There should have been 1000 white collars given the death sentence and instead we gave them all golden parachutes You'd have to be a brain dead fucking moron to blame any of it on some poor schmuck that bought too much house. and why were there so many toxic loans given out in the first place? Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 28, 2017 Share Posted March 28, 2017 its called sub prime lending ....they were loans made with the appropriate risk attached .....the problem exacerbated itself when the crooks bundled those loans with performing assets and failed to report the subprime risk included with the performers. Laws were broke by the banks and they would have not got away with it just 10 years prior to the removal of glass steagall and most of their oversight Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted March 28, 2017 Share Posted March 28, 2017 1 minute ago, f7ben said: its called sub prime lending ....they were loans made with the appropriate risk attached .....the problem exacerbated itself when the crooks bundled those loans with performing assets and failed to report the subprime risk included with the performers. Laws were broke by the banks and they would have not got away with it just 10 years prior to the removal of glass steagall and most of their oversight and what was the incentive of giving the sub prime loans . why not give them when u knew god dam well freddy and fanny not only would buy them but had to Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 28, 2017 Share Posted March 28, 2017 1 minute ago, Ez ryder said: and what was the incentive of giving the sub prime loans . why not give them when u knew god dam well freddy and fanny not only would buy them but had to sub prime loans are written every day ....they were then and they are now. Do you understand nothing about lending????? Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted March 28, 2017 Share Posted March 28, 2017 for years irrational lending standards have been forced on lenders by the federal Community Reinvestment Act Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted March 28, 2017 Share Posted March 28, 2017 The government has promoted bad loans not just through the CRA but through Fannie Mae and Freddie Mac, which purchase guarantee loans made by lenders and whose debt is itself guaranteed by the federal government. This setup created artificial profit opportunity for lenders to wrap up bundles of subprime loans and sell them to a government-backed buyer whose mandate was to “promote homeownership,” not to apply sound lending standards. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 28, 2017 Share Posted March 28, 2017 2 minutes ago, Ez ryder said: for years irrational lending standards have been forced on lenders by the federal Community Reinvestment Act great .....what has that got to do with major banks assuming massive amounts of risk and ultimately failing and needing bailouts to avoid taking out the entire economy? Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 28, 2017 Share Posted March 28, 2017 Just now, Ez ryder said: The government has promoted bad loans not just through the CRA but through Fannie Mae and Freddie Mac, which purchase guarantee loans made by lenders and whose debt is itself guaranteed by the federal government. This setup created artificial profit opportunity for lenders to wrap up bundles of subprime loans and sell them to a government-backed buyer whose mandate was to “promote homeownership,” not to apply sound lending standards. sure government shares a massive amount of the blame with the banks ......homebuyers might get .3% of the blame Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted March 28, 2017 Share Posted March 28, 2017 Just now, f7ben said: sure government shares a massive amount of the blame with the banks ......homebuyers might get .3% of the blame 3% I guess but when a stripper can own 6 homes or a single mother of 3 with a part time job on public assistance can but a 250k home U have to blame some one . I was in a shit load of the foreclosed homes in my parts and we got a packet of info for home most of the time it include a snap shot of what was owed what was barrowed what banks owned what loan and some info on borrower. it may not have been the bowers fault the bank let them refinance a 130k home 4 time to 2x its value but whos fault was it? Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 28, 2017 Share Posted March 28, 2017 1 minute ago, Ez ryder said: 3% I guess but when a stripper can own 6 homes or a single mother of 3 with a part time job on public assistance can but a 250k home U have to blame some one . I was in a shit load of the foreclosed homes in my parts and we got a packet of info for home most of the time it include a snap shot of what was owed what was barrowed what banks owned what loan and some info on borrower. it may not have been the bowers fault the bank let them refinance a 130k home 4 time to 2x its value but whos fault was it? It was the government and the industry ....they all knew they were pumping up the bubble. The banks never would have assumed the risk though if it werent for the Glass Steagall act being allowed to sunset Quote Link to comment Share on other sites More sharing options...
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