Quote:
Originally Posted by onwebcam
You say "protections" I say restrictions... As in the blame was put on the people so they put restrictions on the people.. When the FACT is it was the bankers gambling on derivatives.. If Obama had not done what he did we would have recovered much quicker.. Instead we will hit another bust without even full recovery from the last..
There is a chance to avoid this.. Trump gets to replace 4 member of the Federal Reserve soon. If he can make the right picks and they reverse their current course... We "may" avoid another crisis.
Just to give you an example of how those policies are affecting the economy.. At this very moment there's a piece of property I want to purchase.. I meet all of the requirements. Everything is perfect.. The price is perfect.. The property is perfect for my needs.. The sellers are about to lose the property.. They want out.. They need out.. I want in.. But Dodd Frank is killing the deal.. I would have to go "outside of Dodd Frank" to get the deal done which means high interest, short term, pretty much loan sharking lender... So at this point they are going to lose the property.. Lose their entire life savings, in their 90s.. I may still end up with it but I doesn't make sense for me to do it the traditional way.. I unfortunately have to sit back and watch them lose it all and buy it up at auction..
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Yes we know and when things goto shit you'll blame Obama we know we know!