Republican Position - Minorities Caused the Financial Crisis

[Beco]

People wonder why many "elitists" thing the Republicans are a tad bit racist, even if not explicitly so.

Question, where was Barney Frank in all this? He's been pretty quiet up until recently.

Isnt he Chairman of the Financial Services Committee??

 

[kevintn]

Question, where was Barney Frank in all this?

He's been out getting corn holed and sucking dick.

 

[richard_daily]

You mean Bush who called for more oversight over Fanny and Freddy? That one?

Called for, but never acted on... Do as I say, not as I do...

Right.

When did Fannie Mae go private? Who was president? When was Freddie Mac created? Who was in office?

 

[tmleadr03]

Called for, but never acted on... Do as I say, not as I do...

Right.

When did Fannie Mae go private? Who was president? When was Freddie Mac created? Who was in office?

And the answer is?

 

[kevintn]

Called for, but never acted on... Do as I say, not as I do...

Right.

When did Fannie Mae go private? Who was president? When was Freddie Mac created? Who was in office?

You don't sound bright asking these types of questions. I recommend Google to expand your knowledge base.

 

[Karen Kraft]

People wonder why many "elitists" thing the Republicans are a tad bit racist, even if not explicitly so.

I thought that was your position.

Aren't the Republicans the minority party in Congress?

What am I missing here?

 

[tmleadr03]

You don't sound bright asking these types of questions. I recommend Google to expand your knowledge base.

Perhaps the questions should be "What is a private organization backed by the government?"

 

[richard_daily]

You don't sound bright asking these types of questions. I recommend Google to expand your knowledge base.

So you don't want to answer then...

Shall I help you out? Nixon in both cases...

Fannie Mae worked as a government run agency, it wasn't until it was quasi-privatized that it had any issues.

The New Deal did work, and will still work. Free-market capitalism, doesn't.

 

[tmleadr03]

So you don't want to answer then...

Shall I help you out? Nixon in both cases...

Fannie Mae worked as a government run agency, it wasn't until it was quasi-privatized that it had any issues.

The New Deal did work, and will still work. Free-market capitalism, doesn't.

Um...LBJ perhaps...

 

[Beco]

He's been out getting corn holed and sucking dick.

He had that male prostitute thing a few years back, but I meant where has he been in the last couple of years?

 

[kevintn]

He had that male prostitute thing a few years back, but I meant where has he been in the last couple of years?

Sorry, I must have misunderstood the question.

 

[Lasher]

He's been out getting corn holed and sucking dick.

You're attacking someone for their sexual orientation on this site?

Seriously?

 

[kevintn]

You're attacking someone for their sexual orientation on this site?

Seriously?

It wasn't an attack. I was stating what I thought he has been doing. If YOU take it as an attack, that I cannot help.

 

[Beco]

You're attacking someone for their sexual orientation on this site?

Seriously?

He meant "corn holed" in a good way....

 

[Lancecastor]

You're attacking someone for their sexual orientation on this site?

Seriously?

Stop being such a fruit.

 

[firespin]

So you don't want to answer then...

Shall I help you out? Nixon in both cases...

Fannie Mae worked as a government run agency, it wasn't until it was quasi-privatized that it had any issues.

The New Deal did work, and will still work. Free-market capitalism, doesn't.

"For the first thirty years following its inception, Fannie Mae held a veritable monopoly over the secondary mortgage market. In 1968, due to fiscal pressures created by the Vietnam War, Lyndon B. Johnson privatized Fannie Mae in order to remove it from the national budget."

"In order to prevent any further monopolization of the market, a second GSE known as Freddie Mac was created in 1970. "

So LBJ for the first, Nixon for the second, but the privatization of both would be on LBJ, since you couldn't compete with a private entity with a public one.

I guess if you don't understand the history, then you'd have a different idea of how we got to this place.

 

[Lasher]

It wasn't an attack. I was stating what I thought he has been doing. If YOU take it as an attack, that I cannot help.

Do you enjoy working for the McCain campaign?

 

[EvelynTreemont]

This has nothing to do with parties.

 

[tmleadr03]

This has nothing to do with parties.

Not fun ones at any rate.

 

[tmleadr03]

"For the first thirty years following its inception, Fannie Mae held a veritable monopoly over the secondary mortgage market. In 1968, due to fiscal pressures created by the Vietnam War, Lyndon B. Johnson privatized Fannie Mae in order to remove it from the national budget."

"In order to prevent any further monopolization of the market, a second GSE known as Freddie Mac was created in 1970. "

So LBJ for the first, Nixon for the second, but the privatization of both would be on LBJ, since you couldn't compete with a private entity with a public one.

I guess if you don't understand the history, then you'd have a different idea of how we got to this place.

Now now, lets not let facts and logic interrupt this conversation!

 

[EvelynTreemont]

Not fun ones at any rate.

Or political ones.

 

[firespin]

Now now, lets not let facts and logic interrupt this conversation!

I was actually amused. Usually when people pose a question like Richard did...they a) know the answer ahead of time, and b) choose the question because it agrees with their point of view.

The funny part is, Richard thinks his perspectives on history, economics, etc., are always well thought out and cogent. They can be interesting, but they're rarely much more than opinion pieces.

 

[tmleadr03]

I was actually amused. Usually when people pose a question like Richard did...they a) know the answer ahead of time, and b) choose the question because it agrees with their point of view.

The funny part is, Richard thinks his perspectives on history, economics, etc., are always well thought out and cogent. They can be interesting, but they're rarely much more than opinion pieces.

Perhaps if he had, well, googled it...

 

[tmleadr03]

Or political ones.

Are you saying that the blame lies with the government, not with either party?

 

[EvelynTreemont]

Are you saying that the blame lies with the government, not with either party?

That and people taking out loans they couldn't afford and banks giving those loans that people could not afford. Also the legislation that forced banks to do so is a problem, but not the core of the problem.