I'm confused by this thread and who is currently on the hook to prove what and how the evidence ties back into South American economics/politics and non-Christian Africa and island nations.
Just 3 years ago...
- Thread starter imprimis
- Start date
Whether someone deserves a house or not is irrelevant. People who can't afford to own a house shouldn't have one. That's not racist. I'm sorry life isn't fair.
I'll break it down for you:
Thread opens. Arguments ensue. Liberal calls someone a racist.
Correct. It is racist to blame, without a shred of evidence, minority home ownership for the financial collapse caused by over leverage and incompetent risk management on Wall Street.
Think of it this way. You could come up with any number of causes for the financial collapse ranging from the obvious to the completely insane conspiracy theories. But, you latch onto the one that blames the government for helping minorities. Without a shred of evidence.
Thread opens. Arguments ensue. Liberal calls someone a racist. Poster whines that some one calls their racist statement racist, in a desperate attempt to deflect attention from the fact he is completely wrong.
You think the actions of the Clinton administration in the 90s had nothing to do with the recession. You think it was Wall Street. I disagree.
The root cause, ironically, being the "good" intentions of the government to put poor people and minorities in homes they couldn't afford.
I shouldn't have put "good" in quotes. I see now how that comes off. That would have been how I would have describes policies/actions.
Seriously though, I was in the mortgage business for 15 years during the peak of the subprime explosion. Made most of my money on subprime deals. The government opened the door to this and the banks took off and ran with it. Both to blame for the problems if you ask me. I sat at many closings looking across the table at the white guy signing his mortgage and note, knowing full well he had no business owning a home. I knew within 90 days he would have already missed two payments. Guess I'm to blame. There it's settled.
As much as I hate to say this for the sake of sounding like a partisan, but the Clinton administration didn't open the box for subprime mortgages of the likes that became available in the 2000's. Where the Clinton administration receives a lot of blame isn't even the repeal of Glass-Steagall, which was a complete unenforced joke by the time he signed the legislation (Citigroup ring a bell? That was formed in 1998 and not one eye was batted).
The true fault of the Clinton administration was dismissing advice that the new hybrid investments called over the counter derivatives could spell disaster and should be regulated. His administration firmly said no to that (think Greenspan, Summers. Levitt). If you want the ugly truth about that topic, Google Brooksley Born.
I don't know why folks want to lay a singular blame to the giant shitshow involving Wall Street, foreign money, oil prices, interest rates, subprime mortgages, dark money, the feds, etc. One specific thing didn't cause it. If you are so inclined to place a singular blame, the refusal to look into regulating exotic investments is probably the linchpin of the problem. Republicans like to blame low income home loans and Dems like to blame Bush. If it were only that simple it could be prevented from ever happening again. But it will happen again. Money hungry folks are creative if nothing else.
Edited to include: Congress being in bed with Wall Street will continue to put us all in financial danger, unless you're of the elite wealth in the same bed.
The true fault of the Clinton administration was dismissing advice that the new hybrid investments called over the counter derivatives could spell disaster and should be regulated. His administration firmly said no to that (think Greenspan, Summers. Levitt). If you want the ugly truth about that topic, Google Brooksley Born.
I don't know why folks want to lay a singular blame to the giant shitshow involving Wall Street, foreign money, oil prices, interest rates, subprime mortgages, dark money, the feds, etc. One specific thing didn't cause it. If you are so inclined to place a singular blame, the refusal to look into regulating exotic investments is probably the linchpin of the problem. Republicans like to blame low income home loans and Dems like to blame Bush. If it were only that simple it could be prevented from ever happening again. But it will happen again. Money hungry folks are creative if nothing else.
Edited to include: Congress being in bed with Wall Street will continue to put us all in financial danger, unless you're of the elite wealth in the same bed.
That is a great song about rebelling against fascist statism 07.
I'm a Temple of Syrix kind of guy. In a band I was in, we did a mashup of Working Man, Spirit of Radio and Tom Sawyer. It was about the length of one full song. Perfect way to cover Rush.
I'm a Temple of Syrix kind of guy. In a band I was in, we did a mashup of Working Man, Spirit of Radio and Tom Sawyer. It was about the length of one full song. Perfect way to cover Rush.
What a disgusting attack. You have lost all respect from me, not that you care.
Poor battle planning? Maybe taking guns away from it's citizens? Enlighten me.
Still does not answer why you have to go on the attack in such a slanderous way. Pretty low in my opinion, but it looks like you don't give to craps by your "nailed it" comment. Do you really teach at OSU?
