This is what Republicans will do for you.. - Page 3 - GoFuckYourself.com

kane · 12-28-2016, 01:30 AM

Quote:

Originally Posted by Paul Markham

It's the Governments job to regulate these gamblers. Not hand them the tools to bankrupt us. The problem is the money they donate and the need for some sort of industry to keep GDP and the economy from tanking.

Nice to see you agree with me that it was Clinton's fault.

Now let's discuss his other big fuck up. The Trade Deals that signed away the jobs of those workers who he gave mortgages to.

Here is how I lay out the blame when it comes to causing the recession.

Bill Clinton/Democrats - 15%
Bush/Republicans - 20%
Various people from the 1970's-1990's - 5%
Dumb people who bought a house they can't afford - 10%
Greedy banks/bankers/investors being reckless - 50%

crockett · 12-28-2016, 08:15 AM

Quote:

Originally Posted by kane

Here is how I lay out the blame when it comes to causing the recession.

Bill Clinton/Democrats - 15%
Bush/Republicans - 20%
Various people from the 1970's-1990's - 5%
Dumb people who bought a house they can't afford - 10%
Greedy banks/bankers/investors being reckless - 50%

I look at it as politicians being the enablers whom changed the laws to let the bankers do it.

The banker then did it, but the home owners were stupid enough to sign up for it. I think each holds equal blame as they each played a role and with out one or the other it never could of happened.

Meanwhile the only one of the group to be bailed out was the bankers, but of course that's who the politicians work for anyway.

Both bankers and politicians should of went to jail. The home owners should of just been fucked..

Barry-xlovecam · 12-28-2016, 08:26 AM

@ Paul You are not relevant anymore.
Is this how you enjoy your retirement? Cheap drama?

Tell the world how we are fucking up?

Barry-xlovecam · 12-28-2016, 08:58 AM

The mortgage crash was symptomatic.

It's the damn war <stupid>. (* to borrow for Bill Clinton's election tag-line).

The mortgage market was allowed to go nuts. The GW Bush administration allowed (FNMA), commonly known as Fannie Mae, to over finance and exceed the responsible LTV ( loan-to-value) ratios. There was bank fraud in both borrower applications and appraisals. The housing market was manipulated to finance fake prosperity while war debt was piling up on the US national debt. Robust economic activity, or its illusion on the markets, lowers the borrowing interest costs to the government ...

The financially irresponsible borrowers, not being limited by responsible mortgage lenders defaulted, then the house of cards collapsed, The Great Recession <Viola>

The problem is that these mortgages were being sold around the world as pooled securities with false representations of their values stated by rating companies. It was a scam that collapsed and triggered the market crash. Then the top 1% bought up the market after it crashed and made fortunes.

This DJI of 20,000 may crash again soon and the process repeats ...

Bend over and spread your cheeks ...

Trump rally could mark biggest postelection stock market rise since Hoover - MarketWatch

2MuchMark · 12-28-2016, 08:59 AM

Look at it this way. Republican voters finally have their way. Republicans now control everything. You won, republicans, contrats. Now please go Make America Great Again.

Bladewire · 12-28-2016, 01:44 PM

Quote:

Originally Posted by **********

Look at it this way. Republican voters finally have their way. Republicans now control everything. You won, republicans, contrats. Now please go Make America Great Again.

Like the dog that finally catches the tire

Joshua G · 12-28-2016, 02:55 PM

Quote:

Originally Posted by **********

Look at it this way. Republican voters finally have their way. Republicans now control everything. You won, republicans, contrats. Now please go Make America Great Again.

look at it this way. while liberals were ripping bongs & watching jon stewart, GOP was busy at the state level out competing & outworking liberal democrats. Libs only show up for the presidential election, & take the other 3 years off.

it has turned into a fatal problem given the liberal media creates such a bubble world for the left that they were talking about the GOP imploding after the election, oblivious to the internal rot of their own party, which the liberal media pretends doesnt exist.

even now, the liberal media looks outward for excuses for hilarys loss - russians, comey, fake news. Libs fooled themselves thinking black lives matter rallies, & dozens of liberal media channels parroting the same race whining bullshit, equals a strong party.

wrong.

Paul Markham · 12-29-2016, 05:02 AM

Quote:

Originally Posted by kane

Here is how I lay out the blame when it comes to causing the recession.

Bill Clinton/Democrats - 15%
Bush/Republicans - 20%
Various people from the 1970's-1990's - 5%
Dumb people who bought a house they can't afford - 10%
Greedy banks/bankers/investors being reckless - 50%

Bill Clinton, GWB, other politicians and bad financial regulations 100%

Blaming the Bankers for getting very rich. Is like blaming a mad dog running wild and biting people. And not blaming the owners.

Those who want more deregulation in business, be careful you might just get what you wish for.

Paul Markham · 12-29-2016, 05:02 AM

Quote:

Originally Posted by Barry-xlovecam

@ Paul You are not relevant anymore.
Is this how you enjoy your retirement? Cheap drama?

Tell the world how we are fucking up?

So you admit to fucking up.

Paul Markham · 12-29-2016, 05:26 AM

Ther problem with people is often down to perception.

Some here think they have no power and will get fucked whoever they vote for so vote for the guys who will carry on fucking them.

Others vote for people who offer quick fixes. For instance, bringing jobs back to America will force up the price of goods. Double to Quadruple what it costs to make the same product in the West. Are they willing to pay that much to give a countryman a job and slow down the decline of their country for their children's sake?

Some think there will always be opportunities for the brightest. Not thinking there will be another 10,000s bright people in their own country looking for an opportunity and a many more overseas.

Some think the Government should spend more and lower the debt. So here's an idea.

Quote:

Pursue an ?America?s Infrastructure First? policy that supports investments in transportation, clean water, a modern and reliable electricity grid, telecommunications, security infrastructure, and other pressing domestic infrastructure needs.

Trump promised to spend more to rebuild the infrastructure. The Government spends nothing and passes all the cost onto Americans who use the facilities that are rebuilt. For instance tolls on roads, bridges, higher charges for electricity, water, telecommunications, security infrastructure, etc. Road charges are easy as are all the other charges. None of this is done with taxes or by the Government. Trump signs it over to Corporations to rebuild and make the users pay for it and provide a profit.

This could be carried through to many other services the Government provides. And there is no getting out of it. Unless you live under a bridge. Your kids go to school, you pay for the tuition, you want police to protect you, you pay for it, you want your house extinguished should it catch on fire, you pay for it. And so on.

Countries in Europe have the same problem. Governments promise things the people can't afford.

Paul Markham · 12-29-2016, 05:32 AM

Quote:

Originally Posted by Joshua G

even now, the liberal media looks outward for excuses for hilarys loss - russians, comey, fake news. Libs fooled themselves thinking black lives matter rallies, & dozens of liberal media channels parroting the same race whining bullshit, equals a strong party.

wrong.

They thought the public would vote for a toxic candidate because the other guy was toxic.

Both sides having been giving you the finger. And it's been going on for decades.

2MuchMark · 12-29-2016, 05:34 AM

Quote:

Originally Posted by Joshua G

look at it this way. while liberals were ripping bongs & watching jon stewart, GOP was busy at the state level out competing & outworking liberal democrats. Libs only show up for the presidential election, & take the other 3 years off.

it has turned into a fatal problem given the liberal media creates such a bubble world for the left that they were talking about the GOP imploding after the election, oblivious to the internal rot of their own party, which the liberal media pretends doesnt exist.

even now, the liberal media looks outward for excuses for hilarys loss - russians, comey, fake news. Libs fooled themselves thinking black lives matter rallies, & dozens of liberal media channels parroting the same race whining bullshit, equals a strong party.

wrong.

Not exactly. Dems didn't get off their asses to vote, correct, but dems admit this. But if you think Pussy Grabber-elect had no help from Russia, and idiots who believe fake news, then you're wrong.

Barry-xlovecam · 12-29-2016, 07:00 AM

Paul I have lots of experience with failures and usually know when people are full of shit.

Barry-xlovecam · 12-29-2016, 07:06 AM

No Mark. Hillary Clinton was a consensus candidate.

Her predicted election success turns out to have been a 50/50 shot as Trump played the hand he dealt himself better.

What is done is done.

12clicks · 12-29-2016, 08:53 AM

Quote:

Originally Posted by crockett

Now that Republicans have majority control in the Fed Govt and many state govts they are going to go to war against Unions and push more states to be Right to Work states.

RTW states have average wages which are significantly lower than non right to work states. It also means employers have the right to fire you for any reason and employees have little to no protection.

It also goes further into other things like overtime pay, RTW states are typically very lax on what they allow businesses to consider over time pay..

GOP to expand school choice, target unions in states - CBS News

Above is an article about this..

It also talks about "school choice" this is code word for "vouchers" which means tax payers money used to send kids to religious schools (ie because they want their kids dumbed down and taught creationism not actual science at tax payers expense)

I'm sure all you guys going Rah rah about the elections will be butt hurt in 5 or 10 years when you or your families wages have decreased and you have lost lots of benefits. I'm sure you can figure out a way to blame a liberal for your voting record..

ahahahaha, th silly bottom never changes.

TheSquealer · 12-29-2016, 08:55 AM

Quote:

Originally Posted by kane

Here is how I lay out the blame when it comes to causing the recession.

Bill Clinton/Democrats - 15%
Bush/Republicans - 20%
Various people from the 1970's-1990's - 5%
Dumb people who bought a house they can't afford - 10%
Greedy banks/bankers/investors being reckless - 50%

"caused"

A simple fact of macro-economics is that economies both expand and contact regularly and in cycles with each being proportionate to the other. NO ONE can prevent an economic recession AND have consistent economic growth. They both go hand in hand. There was a massive boom... and we paid for it with a proportionate crash. That is the norm. One can't be said to be responsible for significant economic growth and then at the same time be said to have played no role whatsoever in the inevitable recession/correction. The real estate bubble happened because as you know, over a long period of time, things slowly got increasingly wacky with lending and there a LOT of blame to go around for that as it happened over several decades. It's also easy to say "Bush" or "XYZ" should have stopped it... but anyone should understand that obviously no one, anywhere ever is going to get on board with making it harder to get a mortgage - which would also have immediate, far reaching consequences economically and politically.

My personally issue with the housing market collapse is that we didn't let all the associated banks and companies like Lehman Brothers etc collapse as well. Instead, companies made shitty and wreckless decisions and then paid no real economic price for it. The tax payers had to pay for it. Even passing a retarded fucking stimulous package to bail out banks under the presumption that they would just pump that money back into the economy and start lending, but they instead just sat on it to ride it all out and see what happens. An exercise in epic retardedness when it comes to legislation and tax payer money

12clicks · 12-29-2016, 08:55 AM

Quote:

Originally Posted by **********

Not exactly. Dems didn't get off their asses to vote, correct, but dems admit this. But if you think Pussy Grabber-elect had no help from Russia, and idiots who believe fake news, then you're wrong.

Wikileaks says they didn't get their stuff from Russia. Its cute watching you believe everything Assange had to say when he was releasing stuff about Bush but now think he's lying.

Hysterical actually.

kane · 12-29-2016, 02:18 PM

Quote:

Originally Posted by Paul Markham

Bill Clinton, GWB, other politicians and bad financial regulations 100%

Blaming the Bankers for getting very rich. Is like blaming a mad dog running wild and biting people. And not blaming the owners.

Those who want more deregulation in business, be careful you might just get what you wish for.

So you think it is perfectly okay for banks to do things that they know are irresponsible and damaging and will turn bad for people down the road all for the sake of making a profit?

Banks like Washington Mutual were giving away mortgages to people who had no jobs and no source of income. When asked, they said that a source of income was not one of the criteria for qualifying or a loan. And why would they care? They give the mortgage then within 48 hours have packaged it up and sold it to someone else. Those people sell it to someone else and it gets passed around. Eventually, someone has to deal with it when it goes bad.

Suggesting the banks weren't at fault for their own behaviour is rediculous.

Barry-xlovecam · 12-29-2016, 03:39 PM

You really don't understand what happened do you?

JPMorgan to pay Fannie Mae, Freddie Mac $5.1 billion over mortgage securities

https://www.washingtonpost.com/busin...=.bc930648fc6a

The Nature and the Origin of the Subprime Mortgage Crisis butt ugly old school HTML site but it is pretty much dead on.

The corruption of the loan origination process was the core problem.

Quote:

Nine of the top 10 lenders were based in California, including all of the top five: Countrywide Financial Corp., Ameriquest Mortgage Co., New Century Financial Corp., First Franklin Corp., and Long Beach Mortgage Co.
Altogether 56 percent of the $1.38 trillion of subprime mortgages in the study period were written by California firms.
Some lenders allowed borrowers to state their incomes without providing documentation.

The loan originators sold the loans to big banks who sold off crap loans to the government but continued to service the loans for a fee, then the loans were packaged into securities and sold off to investors as sub-prime loan pools when default guarantees. These former-government agencies, probably through incompetence (major fraud?), had a major role also. AIG almost failed because of credit default swaps insured with securitized mortgages

https://insight.kellogg.northwestern...t-wrong-at-aig
What Went Wrong at AIG?
Unpacking the insurance giant's collapse.
Based on the research of Robert McDonald and Anna Paulson

They all made money until the scam collapsed and the government, really the taxpayer, got stuck paying for most of the loss.

So much for successful privatization of government agencies ...

Privatizing Social Security will make this look like a cake-walk.

NatalieK · 12-29-2016, 07:12 PM

Quote:

Originally Posted by crockett

There is a Reason when Clinton was in office we were on track to pay off the national debt then Bush came in and completely erased that..

Even Obama has slowed spending despite being handed a massive debt from Bush whom already signed the bail outs into law which Obama was blamed for by the right..

exactly. It really annoys the shit out of me hearing assholes say Obama's anything but a good person. He's not just been good for the US, but has done the world proud

Quote:

Originally Posted by Bladewire

You are correct, it is possible Trump will be assasinated at inauguration. Its telling that Trump supporters such as yourself are predicting this. You are not the first supporter I've seen predict this

if not, he'll be pushed out & Pence in. Which would be the end until the next election in 2020

Bladewire · 12-29-2016, 07:17 PM

Quote:

Originally Posted by GspotProductions

if not, he'll be pushed out & Pence in. Which would be the end until the next election in 2020

I think this is why Bush & Clinton have not RSVP'd the inauguration. They will not be there. They don't want brains splattered on them if DT is assasinated

Paul Markham · 12-30-2016, 01:46 AM

Quote:

Originally Posted by Barry-xlovecam

Paul I have lots of experience with failures and usually know when people are full of shit.

Then it should be easy to post why I'm wrong. So why haven't you?

Paul Markham · 12-30-2016, 01:49 AM

Quote:

Originally Posted by TheSquealer

My personally issue with the housing market collapse is that we didn't let all the associated banks and companies like Lehman Brothers etc collapse as well. Instead, companies made shitty and wreckless decisions and then paid no real economic price for it. The tax payers had to pay for it. Even passing a retarded fucking stimulous package to bail out banks under the presumption that they would just pump that money back into the economy and start lending, but they instead just sat on it to ride it all out and see what happens. An exercise in epic retardedness when it comes to legislation and tax payer money

This had to be the way it was. Because wth Banking/Finacial Services dominating Western Economies. Bankers rule.

I agree with you that it's a shitty way to be, just imagine the Banking Industry moving out of the US. Which was in effect what would have happened if they weren't paid to stay.

Paul Markham · 12-30-2016, 01:54 AM

Quote:

Originally Posted by kane

So you think it is perfectly okay for banks to do things that they know are irresponsible and damaging and will turn bad for people down the road all for the sake of making a profit?

Banks like Washington Mutual were giving away mortgages to people who had no jobs and no source of income. When asked, they said that a source of income was not one of the criteria for qualifying or a loan. And why would they care? They give the mortgage then within 48 hours have packaged it up and sold it to someone else. Those people sell it to someone else and it gets passed around. Eventually, someone has to deal with it when it goes bad.

Suggesting the banks weren't at fault for their own behaviour is rediculous.

I don't think it's okay. I believe under the legislation it was impossible for them to refuse a mortgage, I may be wrong there.

Blaming Bankers for doing what Bankers do is pointless. The real blame lies with politicians who all them to do what they did and about to repeat it.

As Squealer says we are now reliant on boom and bust economies. Banks inflate and we all earn a little, then the bubble burst and we all lose a lot. Go see what your GDP would be without the Banking sector.

Paul Markham · 12-30-2016, 01:59 AM

Quote:

Originally Posted by GspotProductions

exactly. It really annoys the shit out of me hearing assholes say Obama's anything but a good person. He's not just been good for the US, but has done the world proud

What did Obama do that was so bad?

Quote:

if not, he'll be pushed out & Pence in. Which would be the end until the next election in 2020

I think some are already planning a "Grassy Knoll" moment.

kane · 12-30-2016, 02:26 AM

Quote:

Originally Posted by Paul Markham

I don't think it's okay. I believe under the legislation it was impossible for them to refuse a mortgage, I may be wrong there.

Blaming Bankers for doing what Bankers do is pointless. The real blame lies with politicians who all them to do what they did and about to repeat it.

As Squealer says we are now reliant on boom and bust economies. Banks inflate and we all earn a little, then the bubble burst and we all lose a lot. Go see what your GDP would be without the Banking sector.

The banks can absolutely refuse to give mortgages.

While I agree that politicians have to shoulder a lot of the blame, there is something to be said for being a scumbag and that is exactly what the bankers behaved like here. Nobody forced them to give mortgages to anyone and everyone they could find only to immediately sell them off knowing that the people who bought the houses have no way of actually paying for it.

There were bankers that knew they were buying toxic mortgages, but they did it anyway then used them to create investment funds that they sold to a lot of people by flat out lying to those people about what was in the fund. When it crashed and burned and those investors lost everything, the fund managers gave themselves a big bonus, folded the fund, and asked to be bailed out by the government.

Sorry, but that isn't right and we shouldn't just shurg that kind of behavior off.

Barry-xlovecam · 12-30-2016, 07:31 AM

Quote:

Originally Posted by Paul Markham

Then it should be easy to post why I'm wrong. So why haven't you?

You do too good of a job doing that daily sticking your own foot in your mouth.

Barry-xlovecam · 12-30-2016, 07:36 AM

Banks resell most of the mortgages that they write.

The banks continue to be the servicers (collection agents) of the mortgages that they write and then sell.

You cannot get a mortgage from the bank because it does not meet the underwriting standards of the bank's buyers.

XXXtrailers · 01-27-2017, 05:00 AM

Nice Meltdown(s)

12-28-2016, 08:59 AM	#105
2MuchMark Videochat Solutions Industry Role: Join Date: Aug 2004 Location: Canada Posts: 48,573	Look at it this way. Republican voters finally have their way. Republicans now control everything. You won, republicans, contrats. Now please go Make America Great Again. __________________ VideoChat Solutions \| Custom Software \| IT Support https://www.2much.net \| https://www.lcntech.com

01-27-2017, 05:00 AM	#129
XXXtrailers Confirmed User Industry Role: Join Date: Aug 2013 Posts: 488	Nice Meltdown(s) __________________ Trailers/Teasers/Prerolls \| Photo/Video Editing \| GIF/Video Banners [email protected] Skype: xxxtrailers

12-28-2016, 08:26 AM	#103
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	@ Paul You are not relevant anymore. Is this how you enjoy your retirement? Cheap drama? Tell the world how we are fucking up?

12-28-2016, 08:58 AM	#104
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	The mortgage crash was symptomatic. It's the damn war <stupid>. (* to borrow for Bill Clinton's election tag-line). The mortgage market was allowed to go nuts. The GW Bush administration allowed (FNMA), commonly known as Fannie Mae, to over finance and exceed the responsible LTV ( loan-to-value) ratios. There was bank fraud in both borrower applications and appraisals. The housing market was manipulated to finance fake prosperity while war debt was piling up on the US national debt. Robust economic activity, or its illusion on the markets, lowers the borrowing interest costs to the government ... The financially irresponsible borrowers, not being limited by responsible mortgage lenders defaulted, then the house of cards collapsed, The Great Recession <Viola> The problem is that these mortgages were being sold around the world as pooled securities with false representations of their values stated by rating companies. It was a scam that collapsed and triggered the market crash. Then the top 1% bought up the market after it crashed and made fortunes. This DJI of 20,000 may crash again soon and the process repeats ... Bend over and spread your cheeks ... Trump rally could mark biggest postelection stock market rise since Hoover - MarketWatch

12-29-2016, 07:00 AM	#113
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Paul I have lots of experience with failures and usually know when people are full of shit.

12-29-2016, 07:06 AM	#114
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	No Mark. Hillary Clinton was a consensus candidate. Her predicted election success turns out to have been a 50/50 shot as Trump played the hand he dealt himself better. What is done is done.

12-30-2016, 07:36 AM	#128
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Banks resell most of the mortgages that they write. The banks continue to be the servicers (collection agents) of the mortgages that they write and then sell. You cannot get a mortgage from the bank because it does not meet the underwriting standards of the bank's buyers.