congratulations

[Bert Notorius]

the gb is just about
politically cleansed.

jusr read through
the debate thread.

the gb is now like lint
minus the sex.

 

[thør]

http://cdn2.bigassfans.com/wp-content/themes/bigassfans/library/images/fanny-2016/bumper-sticker.jpg

 

[Que]

It is not just the general board nobody talks politics anymore because we do not elect our politicians based on politics anymore no one is discussing policy issues at all because even the politicians don't understand the policy issues it's all driven by special interest groups and lobbyists / lawyers who write all of our ridiculously complicated legislation. Politicians are elected on the basis of Facebook memes. No one reads anything anymore.

Our political class is subservient to the beuracracy. Even on the rare occasion when Congress tries to perform its Congressional oversight or budgeting function bureaucrats lied to Congress or simply refuse to comply with impunity. public sector jobs now pay including all of their various benefits about one hundred and fifty percent of what a comprable job pays in the private sector. During the last real estate Bubble Burst which by the way was caused by bureaucrats at Fannie Mae and Freddie Mac the only places in the country that did not suffer falling real estate prices were the areas around Washington DC and Maryland where bureaucrats live and prosper. This country was never supposed to be supporting that amount of government float. We need to start over. All of the states withdraw from the union and form whatever regional governments they wish and simply renounce all of the government debt just simply walk away from it all and shutter all those buildings or have them burned to the ground for all I care.

 

[4est_4est_Gump]

Did you see that Freddie and Fannie just relaxed the standards again?

 

[Que]

Did you see that Freddie and Fannie just relaxed the standards again?

How else are they going to be able to make loans to unqualified buyers in blighted areas so that the executives can get million-dollar bonuses for their wonderful efforts?

It's not like you can expect borrowers to put off gratification in order to save up for an actual down payment or to refrain from going heavily into Consumer Debt so that they have enough money left for in their monthly income to actually make The Debt Service on these loans for these houses they can't afford.

 

[4est_4est_Gump]

B-b-b-but, you get to include the incomes of all your kids and any other free-loaders living with you!



What could go wrong with a plan like that?

 

[underguy1]

It is not just the general board nobody talks politics anymore because we do not elect our politicians based on politics anymore no one is discussing policy issues at all because even the politicians don't understand the policy issues it's all driven by special interest groups and lobbyists / lawyers who write all of our ridiculously complicated legislation. Politicians are elected on the basis of Facebook memes. No one reads anything anymore.

Our political class is subservient to the beuracracy. Even on the rare occasion when Congress tries to perform its Congressional oversight or budgeting function bureaucrats lied to Congress or simply refuse to comply with impunity. public sector jobs now pay including all of their various benefits about one hundred and fifty percent of what a comprable job pays in the private sector. During the last real estate Bubble Burst which by the way was caused by bureaucrats at Fannie Mae and Freddie Mac the only places in the country that did not suffer falling real estate prices were the areas around Washington DC and Maryland where bureaucrats live and prosper. This country was never supposed to be supporting that amount of government float. We need to start over. All of the states withdraw from the union and form whatever regional governments they wish and simply renounce all of the government debt just simply walk away from it all and shutter all those buildings or have them burned to the ground for all I care.

Hahahahahahahahaha. What a nutter you are.

Big bidness is never ever guilty of anything in the loonertarian mind.

The GFC was caused by systemic fraud in the banks. Politicians are beholden to big business.

You are wrong on just about everything you comment on.

 

[4est_4est_Gump]

Describe this fraud...

 

[Que]

Describe this fraud...

Our rsident fake Economist is going to parrot back what he's heard about the derivatives that were based on some of those packaged loans.

The fact that the individual components of those loan packages were split into derivatives to be resold had nothing to do with why the underlying instruments were bad. If the underlying instruments had been as they were represented by Fannie and Freddie there would have been no crisis in the derivative markets because they wouldn't have had the default rates that they had.

 

[Noor]

How is the politics board doing? Do we still have one

 

[GrandpaBill]

the gb is just about
politically cleansed.

jusr read through
the debate thread.

the gb is now like lint
minus the sex.

http://up8.xhcdn.com/000/119/438/633_1000.gif

 

[RobDownSouth]

Did you see that Freddie and Fannie just relaxed the standards again?

Unless you can provide a link, we'll assume you are making your usual falsehoods and distortions.

Nut up or shut up, Chief Lee Obese.