Michael Moore is wrong again. Many credit unions didn't have any problems because they didn't lend to people who were at a higher credit risk. Sub prime loans are for people who don't have good credit. Michael Moore knows this .
The reason that these people were talked into buying homes and not told that their monthly payment would be jacked through the roof is because of the business model the banks created. They put people in positions where they only make money (sales comission) if they get someone to sign a mortgage agreement, so of course they won't tell you the bad news or you won't sign. That would be like cutting their own throat. Then the banks bet against the investment. Brilliant, but pure evil.
Reading the comments below tells of the problem. Name calling. Liberal or conservative. No clue about this or that when really No one knows! Only the politicians know. Finally, the Evil doers in congress and the Whitehouse know how to make American people name call and put one another aganist each other.
I have been reading people tearing each other apart here. Is there anyway to find a common ground ? I think we all agree there is way to much greed in our government that needs to be held to the fire....If there was a way to find some sort of common agreement, we would be able to make things better...yeah a pipe dream I know...But without it... left and right will fight, as corporate agenda just marches on.
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Michael Moore is an idiot. If you don't pay the lender who bought your home for you because you didn't have enough money to do it yourself, you should ABSOLUTELY be evicted from HIS property. There HAVE to be consequences for poor decision-making, else there is no incentive to make good decisions.
@aivilik poorer, often more uneducated people were blindly encouraged by mortgage institutions to take on these loans.. loans that the lenders knew they wouldn't be able to repay so they could make corporate profits. its absolute exploitation
The central banks are to blame AS MUCH AS the people borrowing money they couldn't afford to pay back. The U.S. government pressured Fanny Mae and Freddie Mac to lend to high-risk borrowers, even though both lenders knew it was a bad idea. All of this was done as part of a plan to collapse the U.S. dollar. The plan was crafted by the same people who own the federal reserve in the U.S. and in other countries. They've also been behind most of the wars around the world over the last 100 years or so
Excellent movie. Again Michael Moore tells it like it is, and has done a terrific job in doing so. Don't shoot the messenger. Marcie Kaptur is a wonderful person that I have always admired. God bless them both for they seek the truth and speak it.
Thank you moron, for demonstrating your limited intellectual abilities, as well as your fantasies of have sex with dead senor citizens.
Derivatives or Credit Default Swaps are not a bad thing until you have a bunch of worthless mortgages you have to peddle because the government forced you to make bad loans. This mess fall square in the lap of Carter, Clinton, Waters and Frank and the rest of the stupid democrats who know nothing of how business works and insist on meddling with it. Retard.
A Credit Default Swap is not a traditional swap where two parties swap future cash flow streams. It is insurance-type contract which promises to cover the buyer of the contracts losses in the event of a default on the insured debt instrument. The CDS provides the buyer with protection by paying the face value of the bond or loan if a borrower fails to meet its debt obligations. .
The CDS transformed debt markets over the last decade. Investors desired higher yields, but not the additional risk generated by lending to less creditworthy borrowers. By providing a hedging instrument, the CDS allowed investors to increase their expected return, but limit additional risk by protecting them if borrowers failed to make debt payments. From the seller of the contracts point-of-view, the CDS was considered easy money.
As the economy flourished, a flood of funds entered the CDS market. To accommodate these funds, the types of instruments covered by contracts expanded to include CDO which were often backed by pools of mortgages. In addition, the secondary market expanded as investors bought and sold CDS multiple times making bets on the underlying firms credit worthiness.
On the other hand, the seller of the contract speculates that the company will not fail and generates a return (a stream of payments or premium) for providing the protection. Contracts typically are sold to protect against losses on mortgage securities, corporate bonds, and municipal bonds. Sellers include banks, insurance companies, hedge funds and other financial institutions
The economy was growing, corporate bankruptcies were infrequent, the housing market was booming, and consumers were spending. The CDS was seen as a low risk method to generate cash.
I was just digging through some old emails when I thought it would be fun to see what was happening back on this thread again. Apparently what's happening is you still have NO IDEA WHAT YOU'RE TALKING ABOUT. And rather than do any thinking for yourself, you still just vomit up other peoples' words as if they're your own.
This time it's from: cluteinstitute [dot] com%2FPrograms%2FLas_Vegas_2009%2FArticle%2520356.pdf
Don't you get tired of being eternally humiliated? LOLOLOL!!!
Busted? you call that an argument? You are as stupid as they get. You have not said shit. You are the moron that is always humiliated. Get a clue and a life or just go back to commenting on how much you miss Micheal Jackson
You're too stupid to even know when you've been busted.
So YES. You've been busted. You were asked if you could explain something so you went out and copied an pasted something word for word from another source. That proves that YOU have no idea what you're talking about.
And no, I don't call that an argument. YOU called it an argument, proving you don't even know what an argument is. I call it proof. 1+1=2. And you are busted, humiliated, and 100% pwned.
So just to clarify, words you don't know the meaning to:
Busted.
Argument.
Strawman.
Metaphor/hyperbole
(the last was my particular favorite because when I explained the difference, you accused me - and by extension Webster's Dictionary - of being a liberal moron)
You are a complete idiot. You are right, you have never presented an argument, and these are words you obviously don't understand. You have not "busted" anything but your own stupidity. You can always spot a liberal moron, they talk and talk but never say anything.
It is amazing that you have to dig up a conversation that you were not involved in from a month ago and still have nothing to say about it.
So proving that YOU have no clue what you're talking about and just vomit up other people's words as if they're your own thoughts is a liberal trait? You sure that's really the angle you want to take here?
I'm starting to think we should add the words "stupidity" and "liberal" to the list of words you don't know the meaning of.
You have proved nothing moron, just because I know how to back up my position's with research and evidence as I destroy liberal morons like you in debates where you are clearly over your head, demonstrates intelligence. Making up shit and talking out of your ass is a liberal trait that you demonstrate very astutely. Hell your posts are barely coherent, let alone informational. XD
Plagiarism is not research. Vomiting up talking points and calling people morons is not debating. (I'll add those two words to the list you don't understand as well)
Let's be clear. This is not a debate. This is a smackdown in which I have proven AGAIN that you have no clue what you're talking about. It doesn't surprise me that you find my posts "barely coherent" because they are fact-based. And you are terrified of actual facts.
You are right, this is not a debate, I have already dispatched you and your shame has made you unhinged. And which "actual facts" have you addressed? You have been destroyed by me and now you want to go after my sources in a conversation that doesn't involve you. you really are a pathetic liberal moron with out a life.
Again, you have embarrassed yourself without a point and proved once again your stupidity.
Please point out the part where you have either dispatched, destroyed or embarrassed me. I'm the only one who's making calm, rational points here. All you've done is throw a sad little tantrum and hurl insults with nothing to back anything you say up. And yet you accuse me of being the unhinged one. I'm not sure you understand what that word means either.
Do we need to add that to the list of words you don't understand too? Man this sucker is getting long.
You mean other than now? You really don't have a grasp of the language do you, is English a second language for you? You have never successfully refuted any points I have made, you only rant on about where I get information. Your obsession with your defeat has revealed an OCD that you should seek help for. What a pathetic moron.
Just to clarify: the new list of words you don't understand the meaning of... Busted. Unhinged. Research. Debate. Argument. Strawman. Stupidity. Liberal. Metaphor/hyperbole (the difference between them) Just curious. You've already said that you consider Webster's Dictionary to be a liberal source. What dictionary do you believe to be more accurate?
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I think your silly little list is more reflective of the length of your vocabulary? When did I ever say Webster's was liberal. You really can't string two sentences together without lying, can you?
You never have had anything to contribute to the debate, you just keep chiming in with this childish bullshit. You really are a liberal idiot.
Not a lot of room in your head for established facts, is there? But since you insist I repeat myself:
I made a joke and you accused me of not knowing what a metaphor was. I pointed out that your comment was not a metaphor, but hyperbole and that you could check Websters Dictionary if you didn't believe me. You said that only a liberal moron would say such a stupid thing. Hence: you think Webster's dictionary is a liberal book. Basic logic.
Guess you hate logic as much as you hate facts, huh?
I had to scroll down to over 2 months ago to even find a comment from you, and that never happened. In fact, you had nothing to add to the conversation then either. You are a sad pathetic little liberal that lives in a fantasy world. XD
You can try and weasel out of it all you want, but in the end you still have no idea what you're talking about, are terrified of facts, and don't understand basic logic (or words for that matter).
All this whining, and you still can't admit that you're just flat busted as being the empty balloon that you are... If I didn't know any better, I would think that you were Bill Bellichick.
empty?!?!? You are the one who hasn't said anything. Nice try though, come back if you are ever able to assemble an opinion or a thought. You are one of the biggest morons I have ever seen. I suggest taking a debate or speech class, you really are a pathetic loser! XD
@pappersorm I guess merely claiming some sort of victory has taken the place of actually presenting an argument to support a position. Another pathetic liberal searching for relevance. XD
When these amounts spread into the Trillions with everyone wanting to cut a backroom deal to get in on the action, everything crashed! Get it? DickSuck? I have to go shave your mothers tits now. Some of my cum is congealed into the hair. I went ahead and let her blow me...but only in the dark. That's how I spread around my risk without regulation. That's how I roll. Ponder the truth smart guy:)
When one of the Banks clients suffered sudden and violent losses the chain reaction caused a ripple effect on Wall-Street. There was a lack of actual accounted for money to cover all of the unaccounted for risk that, now failing, was spread around to god knows how many places.
So, without regulation the lending institutions were not obligated to make full account of this risk dispersement. They kept scooping the possibility of failure from their clients, passing the risk and reinvesting into these strong clients that weren't supposed to fail until (and I'm sure they knew this, but who cares when you're on the gravy train) there was more risk in existence than they could manage.
And in many cases, this represents credit risk that those investors could not themselves have originated directly. Exxon was not issuing large amounts of corporate debt at the time. So the existence of this letter of credit, which was a bank market product, meant that that credit asset, if you will, was really not available to an institutional investor like the EBRD was at the time.
EBRD didn't create a significant concentration in their case, and so risk was essentially dispersed.And if you imagine that example multiplied by hundreds of different examples, you can see how concentrated risks on the balance sheet of one bank, in this case JPMorgan, begin to make their way into the hands of investors at prices that those investors are comfortable and pleased with.
Why did JPMorgan do that? Because they wanted to free up their capacity to do more business for Exxon. Why did EBRD do that? Because they felt that Exxon was a strong company whose business model they understood. They would receive compensation from JPMorgan from taking on or assuming credit risk to Exxon and felt that that was a good risk/reward proposition.
And the idea was that JPM-Organ wished to purchase protection from others. In this case, the example that was made public (But not publicly traded) was from the EBRD, which is the European Bank for Reconstruction and Development. So JP-Captain-Morgan paid them a fee in return for their assuming the credit riskiness of Exxon. And that was it, a very simple concept.
Exxon was the client at the bank (JPMorgan), and had credit exposure associated with that relationship in conjunction with a letter of credit that had been issued by JPMorgan on behalf of the company. A letter of credit creates credit risk. If Exxon were to fail on their obligations, then JPMorgan would have to step in and make good on those obligations. It was a large amount of exposure, and there was a significant amount of risk associated with that.
Oh, hey Dicksuck, I thought your mom put you to bed before I picked her up tonight. Well It's wayyyyyy over YOUR head but if you insist, here goes: Let's take Exxon as a case. That was one of the first credit derivatives.
Yet you weild them like a magic wand that should, without exception, immediately change everyones views to your own thoughtless rhetorical generalizations.
But if you don't have a basic understanding of at least that then this debate has nowhere to go but down. As for the Guyana Punch (decent band btw) reference you homoerotic closet Glen Beck slurping sheeple would believe whatever the big red-white-and blue elephant tells you after your third martini. Anger and resentment are not motivations toward the common good.
Understand the difference I stressed between deregulation and NO regulation!? We can all thank 30yrs of Greenspan and Ayn Rand influence for that. Do you even know what a derivative is? Hey, I'll be the first to admit it was ignored throughout the Clinton administration too,
You still have not given any example of this evil "deregulation" that you speak of. Thats because you can't because you don't know what you are talking about. You idiots are completely clueless. Just go back to sucking Olbermanns dick and slide Maddows strap-on back up your ass and shut the fuck up. Moron. XD
Okay, now you're just asking to be pooped on. Without an admission of guilt, Citibank voluntarily settled that case. Why? Because like you they are really deep down compassionless racist fucktards and they know it. What's more they don't care. And did you...
Banks are not in the business to be compassionate jack ass. Just how stupid are you. It was good business to settle a lawsuit against redlining when the deck is stacked against you. and if Freddie and Fannie are going to guarantee your bad loans, what have you got to lose? But you mindless liberals don't have a clue about business and don't live in reality so you are defeated before you begin.
...continue to live the lavish lifestyles to which they are accustomed with our REAL dollars. Turn off Fox News and go and take a local community arts class or something...you'll get it buddy....I believe in you!
You really are a kool aid drinking liberal moron aren't you. Maybe your feeble little socialist brain can look into this lawsuit brought by Barack Obama and Acorn. Buycks-Roberson v. Citibank Fed. Sav. Bank Fair Housing/Lending/Insurance
Docket / Court 94 C 4094 ( N.D. Ill. ) FH-IL-0011
State/Territory Illinois. This and countless other law suits brought under the CRA guidelines is what normal people call a "shred of evidence" that banks were forced to make bad loans
And deregulation or the absolute lack of any at all on Wall-Street was the main driving force behind this recession. Especially, the ABSENCE of any regulation in the Derivatives market, which grew into a remarkably shady $600 trillion business. This area which is trading amounts larger than the "Entire Planet's Financial Net Worth Put Together" went belly up after years of swimming in "theoretical" dollars, then asked us, the taxpayers to bail them out so they can continue...
You liberal drones keep repeating the mantra "deregulation, deregulation..." without a clue as to what you are talking about. What "deregulation"? The Bush administration was warning Barney Frank and Maxine Waters about the problem with Fannie and Freddie, and these democrat morons demonized the regulators. Pull your head out of your ass and smell the coffee, because this group is getting ready to do it all over again. You liberals are way to stupid to be taken seriously. XD
There isn't a shred of evidence to suggest that any lending institution has ever been forced to give a clear credit risk a loan. Fact: independent institutions that do not fall under the umbrella of this act have given out "risky" loans at nearly 3x's the rate of those that do.
Blue I think we simply mis-understand each other. I also disagree with bailouts being given to anyone. The point is, Capitalism led us to the point where we felt obligated to do so in order to save Democracy. We do not need a total switch to socialism, rather just enough drops of it to regulate and temper the greedy tendencies that Capitalism allows (promotes).
It is the regulation that polluted and corrupted capitalism. The Community Redevelopment Act took away market discipline by guaranteeing loans. If I guaranteed your losses if you went to the casino, you would make the max bet every time because you had nothing to lose and everything to gain. Thats what regulation did. You cannot blame capitalism for the mess we have today, its government intervention that is the problem and always have been. Capitalism works socialism doesn't.
--->Wait 'til shopping season is supposed to hit full swing and "SUDDENLY" stores realize there is no one at the mall!? What the shit!...they told us the recession was getting better!...Hmmmmm, I hope I'm wrong, but I see this year ending very badly, and there will be no way that even Blue can escape alive without REALLY rethinking his whole set of values, as we will ALL be forced to do. And maybe, that's what we need after all.
---->There will be nothing left but scraps to fight for and watch just how fast good ole blue's tune will change. The disconnect that exists now (literally, not figuratively) between Wall Street and 95% of the American public is too far gone to repair now without revolution. Unemployment has not reached it's peak and promises are being made on seasonal projections that, right now, just aren't shaking out how they were supposed too.
One day, and we won't have to wait long, Blue will be unemployed. Like many in the country right now he will come to realize just how terrifying the market (or lack there of) has become. Wall Street is simply making one more reach into what's left of the grab bag. With no regulations having benn passed since the bailout, it's possible to continue doing so. I wish I were wrong. But this whole thing is gonna tank again, and worse than last time when it does.--->
Of course this whole thing is gonna tank again. Because bail outs, stimulus give a ways and government grabbing up private industries is no solution. It will not be my values that need rethinking, But the socialist that are taking us down this path. You may be clamoring for government handouts, but their may not be any wealth to redistribute. You silly little childlike socialist make me sick
Thanks for the words. Don't worry about me. No matter what, this person has no support whatsoever. His ignorance always loses in the end. A lot of people that has had dealings with him here know that. He is scared of the truth. He doesn't have a lot of friends. Blue is an embarrassment to a lot of people on you tube. Your words are assuring. Hopefully, there will be good changes in this great country soon. God Bless you, condennett.
Who is this guy? He's making a very silly, naive point. Don't blame the victim? The victim here is the poor guy who loaned money to people who should have never bought a house in the first place, people who are just not ready to grow up. The victim is the poor taxpayer who has to pay more taxes to clean up the mess created by these deadbeats! ACORN and its cronies should have to pay for this mess.
jackfulcher-Allen Greenspan disagrees with you and testified that republican ideology is flawed in regard to banks self regulating. Banks did not do their job. Mortgage writers got greedy and gave loans to individuals who could not pay when times got tough BUT also there were those who were "flipping houses" and got caught when the market went south. Repubs would like to blame dems, ACORN etc. but there is much, much more to the story allthough talk radio has tried to convince us otherwise.
I was around in the 1990s, and there was IMMENSE pressure put on banks and mortgage companies, through both legislation and through regulatory bodies like Fannie Mae, to "expand opportunities" for the American Dream by making home ownership much easier. ACORN wasn't the only actor here, but the Clinton Administration was knee-deep in regulators who systematically ignored rules and safeguards in an effort to free up loans for poor people.
jackfulcher-So you are saying that Allen Greenspan was wrong regarding his admission to congress ????? Do you have any idea what it means for this man to say what he did ? You should actually take the time to read the Community Readjustment Act and take note of the wording which reminds banks to use good business practice when making loans. Regardless of who may have "put pressure" on mortgage writers do you actually think this is a good excuse for them to not do their job ?
The problem with poor people is that they don't have much money, making it difficult for them to make regular payments on a house. The "market went south," as you put it, because these people started to default when the economy contracted. The regulators weren't given the necessary powers to make sure these loans were sufficiently capitalized. It was a policy failure in the mid-1990s.
I don't listen to talk radio so don't know what they say about this. I can imagine...
jack, Urparanoia and bolden are a couple of immature little liberals that don't have a clue about what they are talking about or the world in general. The evidence is in and the truth is known. These little liberals either don't understand it or can't deal with it. they really are a joke. XD
bluegsp It's you that does not understand what you are talking about. If you had any sense, you would stop barking instead of fighting against yourself and others. Join the million of Americans who want to see the economy improve. This is not the time to argue about who is right, wrong, liberal or conservative. This is the time to come together as a people and a nation despite our differences. Repeat this phrase to yourself: do unto to others as you would have done unto you.
bolden, you are a moron. 13 Trillion dollar deficits will not improve the economy. I am fighting for my country against its enemies from with in. (that means Obama and the rest of the socialist democrats)
We are a bankrupt Nation & we must get back into solvency. We do that by putting the financial system threw a Glass-Steagall Bankruptcy. We eliminate the FED & adopt a National Credit system call for in our Constitution. We invest in infrastructure, agriculture & industry & create lots & lots of blue collar jobs. We will bring back all our industries that Global Free Trade Capitalism has outsourced. We don't need Wall Street or the FED anymore! Google: LPACTV: Audio Preview, The LaRouche Plan
bluegsp-Bolden212 is correct genius , you should give up on politics. You have NO clue as to what is going on. You had better check again in regard to Obama's election and the economy. He may have won without the financial crisis brought down on us by the banking industry but the economy was the clincher. As usual you have it wrong. Evidently you were watching Spong Bob when you should have been paying attention to what was going on with politics and the economy.
bolden21-You are welcome my friend. It is difficult to believe that people such as bluegsp exist. His comments are extremely childlike and I have never encountered an individual who knows so little yet has so much to say. How can this guy not see how much he is embarrassing himself with his own comments ?
Think about how many houses they could have bought for people with the money they used to bail out your failure of an economy. At least the bankers sleep sound right.
bluegsp, you are real funny aren't you? You know what bush did during his term as president. Ten billion dollars a month towards a war that should not have happened. His prescription pill act he made in 2004 forced senior citizens to pay more for their prescription pills on top of what they were paying already. That was not right Do you know that you look like a fool on youtube? Huh? Stop embarrasing yourself in front of everyone and pull your head out of your own ass.
You mean the war that was voted on and passed with bi-partisan support? And Bush's prescription drug social spending ruined the economy when you are supporting the guy who wants to socialize all of health care? do you realize what an idiot your are? Huh? Huh? My God man, if there was anyone who has exposed himself as a fool and an ignoramus it is you. Admit it, you have no idea what you are talking about. You are even more stupid than Urine, HAHAHAH XD
I know what I'm talking about. Do you? Do you know what a dumb ass you are. I hope that Obama's plan does pass. If you don't like the changes that are about to happen in America, then leave the country. You support bush. What you are saying is that Bush did nothing wrong to mess the economy up? Is that what you are saying? If you are, you are even a bigger fool than I thought. The person you are referring to as "Urine" is a lot smarter than you ever will. Nice try, dumb ass, try again.
There are no "changes" about to happen except the ones in congress next year.(You obviously do not follow any current events. XD). I am saying that you are a liar when you say "Bush ruined this country" I just asked you to back it up and you embarrassed yourself with a bunch of bullshit illustrating your own stupidity. Urine is in the same boat you are, fucking clueless! HAHA XD Why don't you learn about an issue before you shoot your mouth off and look like an idiot! XD
If I'm lying, then how come Bush has the worst approval rating then any other president in history. When if you lose your job, your home, and your life savings at some point in your life. Huh? What will you do then, beg Obama for help? I'm sure you would do that. I did back it up and there are so many things going on all over this country. So many people are losing their jobs, homes, money and so forth. Don't you understand? I guess not. People like you contributed to the economy's mess
Harry Truman had the lowest approval ratings in history, Bush had the highest (68.9%). So by your stupid logic, Truman was the worst president and Bush was the best. See how easily I expose your lies and stupidity? The president is only suppose to protect my country (which Obozo has no time to do, It seems, as his general in Afghanistan is still waiting on his request for 40000 more troops or lose that war.)
Obozo is too busy pimping Chicago for the Olympics and doing his T.V. guest shots to actually be a leader. I will never depend on government to provide a living for me because I am a conservative. That is what welfare dependent liberals do. I don't contribute to the "economic mess", I produce goods and services that people want to buy, it is liberal democrats that produce nothing and take money out of the economy that screws things up. You have a lot of growing up and learning to do. XD
bluegsp, you don't get do you? The economy was already bad before obama became president. The past eight years have been horrible thanks to the previous administration. Wake the hell up. You are not scaring anyone. Get a grip and understand what this country is going through. This is the worst finanicial crisis since the great depression.
blow'n212, And what exactly did Bush do, Moron? Hmmm? I seem to remeber Barney Frank and Maxine Waters telling Bush's regulators that Fannie and Freddie were just fine when they tried to warn them. You do not have a fucking clue. You are the one that needs to wake up, hell, the rest of the country is waking up(Obama's approvals have slipped to 50% and still dropping), pull your head out of your ass and get a clue
1st of all the majority doesn't vote the way you do . 98,611,000 people of voting age did not even vote , only 56.7 % of people of voting age turned out to vote. now that we know what these liberals are capable of ,only 10% of the 98,611,000 are needed to vote these nuts out
HAHAHA This bloated buffoon didn't even use Union workers on his documentary blasting capitalism. what a fucking hypocrite! I guess he thought the Union wages would cut into his profits. What a lying hypocritical jackass! HAHAHAHA XD
Oh goody, the Obama era will mean new art and artists! Roman Polanski can come back and make new movies that put me to sleep and then he can sodomize more children. Then Hollywood can now freely show its support of Hugo Chavez as he does away with free speech in how own country. Then MM can make more movies about doing away with the system that formerly made the U.S. the most powerful nation in the world, but that's not important, France can play world cop now. Go Frenchie!
Hey bluegsp, your neo-Conservative, right-wing, Republican ideas are not welcome in this country any longer. Republicans have more or less ruined us, possibly past the point of redemption. Anyone with A MIND, would never call themselves a Republican. You could probably care less about other people, and disagree with any ideas that are not yours. As Sen. Ted Kennedy once said: "We've heard enough from that side!".
anton, you are an idiot. grow up, wake up and wise up. This little "experiment" with the unqualified socialist community organizer is over. Obama is a lame duck, he loses the congress next year, the White House in 2012 and will replace Jimmy Carter as the worst president in history. what a total moron. XD
Growing up I did! I've witnessed more tragedy than I would wish on my worst enemy. You, however, need to wise up and open your eyes! Republicans RUINED America. Bush, Cheney, Rumsfeld; they all RUINED this country. Two wars, a broken economy, and a third-world like healthcare system that denies its own citizens treatment! What have we become as a people that we have allowed ourselves to sink this low!
It seems that it is only you that has done any "sinking" You are babbling incoherently as you sink slowly into madness. Your comments are too ridiculous to even debate. sheer insanity. Try pulling your head out of your ass, it might help to clear your mind.
Incoherently? Did I use too many big words for you? Or are you just afraid to admit the truth? Let's face it, I cannot think of one good thing the Bush 43 did. Not one. I can name a lot of bad things, like wars based on unfounded allegations that pushed our country so far into debt that the US economy tanked. Yes, a true Republican hero.
P.S. No need for profanity, we're both grown up people here.
You didn't use any big words, (I suspect you don't know any) You are a mindless indoctrinated moron that doesn't have a clue about economic or politic. I am guessing that you get your opinions from Keith Olbermann and Bill Maher. You cant back up anything you say because it is all a liberal lie. You morons really are a joke
as I stay out of this ... discussion sir , I´m still curios as to WHAT exactly was so great about the last President ?
And why is there no way that the conservatives can admit defeat in the US and start moving FORWARD ... the way it looks from my angle (Europe) is that ... the REP party just can´t get over the fact that the country is changing WITHOUT them !
What do YOU think ?
Brgds
GSO
p.s. ... why would a normal person call some with a different view a "moron" ???
The country is not moving forward with or with out republicans. The democrats have 60 seats in the senate, and a large majority in the house. They do not need a single republican vote for anything they want to pass. It is democrats that are holding up the socialist agenda put forward by this administration. The American people are letting the democrats know that they will not stand for socialism in the U.S. These democrats know that they will lose their elections next year if they support it
Americans were fooled by the constant lies coming from the leftist media and were conned into putting Obama into office. As you can see it didn't take long for America to learn what this unqualified socialist community organizer is all about. No one said the last president was "so great", he just wasn't the devil that these lying leftest try to portray him as. America will never allow freedom to be defeated in the U.S. Socialism is moving backwards, not "forward"
bluegsp-Look who is talking about backing up what they have said. Avoiding questions and ignoring evidence which contradicts what you say doesn't exactly qualify you as someone who should be talking about others. Calling people names and making wild claims without basis is typical of many tools of the right who have little understanding of the issues and can only bring anger to a conversation. Grow up and stop making a fool of yourself with your childlike comments/profanity.
I always back up what I say urine, I have already destroyed you one, looks like you are back for more ass kicking. Of course you don't really have any opinions do you. XD Moron! LOL
bluegsp- I guess I missed the "destruction" that you refer to. Hope it wasn't your sad "supply and demand" comment that has absolutely nothing to do with the subject at hand. Come on now, tell me exactly what you are talking about if you can. Ignoring questions and proof doesn't make you more intelligent. Again you offer nothing of substance.
Urine, Of course you "missed" it, you're stupidity misses a lot. I have already provided my substance, you are the one who didn't bring anything to the debate. Your inability to back up your nonsensical claims and failure to understand simple truths only exposes you as a moron with your head in the sand. Idiots like you cannot deal with reality and only function in a fantasy land. Liberalism is a mental disorder.
There is no reasoning with this right wing jerk, bluegsp. This person does not understand that the economy is in the worst recession since the great depression. The previous Administration turned this country upside down. There is no substance to his answers. He is just avoiding the facts. This person is just trying to put others down because he knows he is dead wrong.
We are not even in the worst economy since Jimmy Carter(yet), but we are heading that way fast since Obozo the president got elected? What happened to that stimulus bill that Obozo said if we didn't pass, unemployment would reach 8%? We passed it and now unemployment is at 10%. Dont tell me I don't understand the economy, You and your clown Obozo are the ones that don't have a fucking clue. And boy did you make it obvious!HAHAHAHA XD
the health care sector , in my believe some countrys in the so called third world are BETTER organised to deal with there own citizens .... how ever ... in the US are some of the finest doctors and nurses in the world ... the problem is , the way I see it from Europe , that not everybody is getting that type of treetment !
Brgds
GSO
p.s. however , the German system is not perfect either !
German, we can certainly reform pricing, but the complete overhaul of our health care system that the democrats are attempting will never happen and will bring about the end of the Obama presidency in 2012. I am grateful that he was foolish enough to attempt such a large scale socializing of America so quickly, His popularity has dropped to 50% and an overwhelming majority of Americans don't trust him with health care.
I think I better leave it up to you to decide who do YOU want as your president !
But one point has to be made ... HE is been givin´a near impossible task , is he not ?
As far his approvel is concerned ... time will tell , to me it looks as if the REP party is more concerned with damaging HIS presidency rather the getting the whole country back on it´s feet !
Reagan never looked at approvals or Polls, he acted upon principal and what he knew was best for the country. Republicans know that damaging and stopping Obama is whats best for the country, and the American people know it too. 13 Trillion dollar deficits and government control of the auto industry, energy industry, health care industry, insurance industry, etc. is not good for the country and Americans know it.
Wilson was right, Obama did lie. This has been largely over looked. Wilson was out of line, admitted it and apologized. the democrats tried to make a dog and pony show out of it and it back fired, support for Wilson and republicans skyrocketed following his censure. The DEMS have been a lot more offensive, Reed called Bush a liar and a loser (in front of school children) The Dems Boo'd Bush at his address to congress...etc. liberals are much more "uncivil" than conservatives.
bluegsp-You're obviously unaware of Repub. Allen Greenspan and his statement last fall regarding the home mortgage crisis.He admitted that the republican ideology he had believed in for decades is flawed and such thinking caused the crisis.Banks became greedy and cannot be trusted to be responsible to their customers.Allthough the CRA does suggest that banks loan to a broader base of customers it specifically states they should do so while using sound business practice.Banks didn't do their job
You cannot discredit me by evoking Limbaugh and Beck, this is as typical a liberal tactic as crying racism. It doesn't work and only proves that you cannot support you argument. You are a simple little man who tends to attack me more than my argument. That only proves that it is you who doesn't know what he is talking about
Are you still flapping your gums? Most people here including myself think you're full of shit with no backbone and no balls. If you are going to come up with valid arguments, have proof to back it up instead of lying your ass off.
bolden212-This guy bluegsp certainly is a piece of work. And yes, I see that he is not one to answer questions. It is difficult to believe that he actually thinks his childlike name calling and profanity adds anything to a debate. He is the very definition of a fool.
The person you are referring to as a moron and an idiot is yourself. You don't want to admit the truth staring you in the face. The person who is retarded is you. I thought you love your country. You must not love your country enough to accept the changes that are about to happen. Fight for your country, not against it. Leave America if you don't like it. Okay?
Nice "I'm rubber your glue..." response. What are you? like 6? I am Fixing my country against socialist idiots like you and urine. Obama is toast, he is a lame duck, his approvals are dropping like a rock and he will lose congress next year. Now that is "change" you can believe in. You have a lot of learning to do, you should probably start by studying history and discover the evils of socialism and communism before you start endorsing them.
bluegsp-Nice speech but it has nothing to do with reality. Educate yourself on the basics and you would not repeat all of this right wing rhetoric. You are blindly repeating what the Limbaughs and Glenn Becks have to say. You have no real idea about what should or should not be done by government in a financial crisis. You might want to remember that when Obama came to office money lending was practically non existent in this country-business cannot survive without it.
You are nuts. It is you that doesn't have a grip on reality. If I send you into a casino, and tell you I will cover your loses, you would bet the max bet every hand, You would be stupid not to. If you were on your own, you would play smarter and use and more carefully. Government changed the rules, not banks. If you don't have market discipline the system breaks down, that is the fault of the heavy hand of government not capitalism.
When it comes to the "mess" that Obama inherited, you can point the finger at both parties. However most of the mortgage problems go back to Carter and Clinton with the Community Reinvestment Act. Gov encouraged and pressured banks to make loans to poor people who would not normally qualify and "guaranteed" those loans with Fanny Mae and Freddy Mac. the problem really mushroomed from there.Capitalism works if government does not "tinker" with it, this should be the lesson
bluegsp-Since you gave no examples of what you claim even when asked to do so, it is obvious that you are just spewing your meaningless verbal vomit. You lose all credibility when you claim to have gotten the best of someone and then cannot give a single example of when and how.You're a joke and by your own comments you have proven that you're simply one more repub who has nothing of substance to add to the conversation. You are a legend in your own mind.
Urine, I have given examples and cited my sources. You are a moron and don't have any credibility. I have continued to completely destroy you and you just can't deal with it. You are the real joke. come back when you can actually formulate a coherent thought. XD
bluegsp-I suggest you read your comments and mine of the last few days. Do you suffer from some sort of dimensia?I can understand why you would be embarrassed that you have made claims you cannot back up but it is childish of you to deny the content or lack of content in your previous comments when what you have said is still there for all to see.Maybe you should get off of daddy's computer before he comes home and catches you. No adult of even average intelligence would act in such a manner.
BLA BLA BLA, that's all you say. I have cited and sourced everything that I said, and all you do is say "no you didn't". You and blow'n have been exposed as the morons that you are and completely humiliated. You really are amazingly stupid. But then again, I see it all the time with you idiot liberals. XD
bluegsp-So once again you still have nothing. Obviously you do not understand the meaning of "sources" and "citations" since you have never produced such information. Is it possible this is some sort of joke and you are actually not as stupid as you have portrayed yourself ? I'm given you the benefit of the doubt because your comments are simply to ridiculous to be taken seriously.
Unine, pull your fucking head out of your ass. Don't blame me if you never learned to read, jack ass. You are the only one that is the joke here. Get a life, as well as a clue shitstain. XD
bluegsp-"Greenspan Destroys Deregulation in 16 seconds" .If you know anything about republican ideology you know they fight a never ending battle for government deregulation of business as previously mentioned.This short vid may help with your hearing problem. Read Greenspans lips and you will see a highly respected republican and keeper of the flame admit that republican ideology was wrong just as dems have been saying for decades. If you still don't understand get your mommy to explain.
bluegsp-Your ignorance does absolutely nothing for the republican cause. Snot nose kids who are clueless and believe that comments which contain only denial, profanity, and are unable to debate issues can do no good for the right. However, I am grateful that you consider yourself a republican and reminded of that whenever I read you comments. You and your kind of republicans are a great gift to democrats everywhere.
This comment has received too many negative votesshow
Urine, your maniacal diatribe only proves how insane you are. It was democrat regulation that caused the mortgage crisis and that is indisputable. You have no idea what you are talking about. You can't even explain how this so called phantom deregulation did any harm. you are a pathetic moronic liberal idiot that doesn't have a fucking clue. Keep drinking the liberal kool aid, Its fun to listen to babbling idiots drone on about shit they don't know anything about. XD
bluegsp-You should argue your point with Allen Greenspan and the language of the CRI. You may not like to hear the truth but that is the way it is. Your denial and profanity change nothing. Once again I would like to thank you for being a republican. Your comments are evidence that you have chosen the correct party for you and your kind.
i have to admit dedeat , in the general term , since I do NOT know about the IN´s and OUT´s of US lending policys over the century ... but I think that pointing the finger at Clinton and Carter seems to me very SHORT sided ... since there where a Pres. Reagan who defeated Carter ... correct ? and as far as I can tell it was Bush sen. after Clinton , right ?
i know you said at BOTH partys but failed to mention ANY REP pres. ... so it looked a bit ONE sided !
German, the community redevelopment act was signed and enacted by Carter, Clinton expanded the program. When McCain and republican regulators went to congress and told them that this policy and more specifically, Fanny and Freddie were in deep trouble, Democrats like Barney Frank and Maxine Waters denied the problem and attacked the regulators. See the Youtube video, "Nancy Pelosi, Barney Frank, and Democrats are Clueless on Freddie Mac Fannie Mae and the financial credit crisis."
WHY did NO US President under the REP Party do anything about the facts that YOU presentet ? And , like I said , I do NOT know the IN´s and OUT´s of the US Politics !
If you look at the videos, you will see that Bush tried, but that power belongs to congress. Check out the video and the conversations in it and you may better understand. There are other videos that help explain the problem as well, "Covering Your Fannie, Who Really Caused Our Economic Crisis?","Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown","Obama, the Democrats, and Fannie Mae"
bluegsp-Check out the vid "Greenspan admits he made a mistake".As you watch remember, his ideology is that of the republican party. His admission was also covered on the nightly news in late 2008. Your denial of the real cause of the financial crisis really doesn't change anything.I understand why repubs want to point fingers but when Greenspan admits what many of us already know you have no legitimate arguement to the contrary.Now you may respond in your usual childlike manner.
Urine, you are a joke, I never heard Greenspan admit anything, all I heard was Lisa Myers talking over him. There is no explaination of anything in that video. You may be the stupidest liberal moron I have ever seen. I would say, "nice try" but really it was a pathetic attempt at utter bullshit. Which by the way is all we get from you! XD (There may be no less a credible "source" if information than NBC) XD You are one pathetic joke. XD
bluegsp- If the name of the video is "Greenspan admits he made a mistake" what do you think he may have said in the vid genius ? Think ! You can do it ! You are too stupid for words ! Eithier you selected the wrong video, which is a real possibility in your case, or you're deaf. It's typical of republicans to speak negatively about NBC news but who said that I heard Greenspan on NBC?Again typical of republicans making assumptions without basis while denying what is right in front of them.
You are absolutely correct. The Bush administration did turn this country's economy upside down. It is not fair that the people have to suffer because of their mishaps. People should not fear their government. Government should fear their people. We as a nation and as a people have to fight these injustices against us.
The only idiot and lame duck here is you. Wake up and realize what is happening in this country. People are losing their jobs, their homes, their life savings and so forth. Health care costs have exploded out of control. The mortgage crisis is out of control. Some students are up to their necks in student loans. Correction, Jimmy Carter is not the worse president in U.S. history, George W. Bush Jr is.
The democrats are to blame for the economy. Jimmy Carter will remain the worst president in U.S. History until 2012, then that honor will belong to Obama. You are a complete moron and you are totally ignorant to what is happening in the world and why. Not surprising though, you are a liberal. You will get the wake up call next year when Obama loses congress, and then he will be totally impotent.
Don't tell me what socialism is. Have you even read Das Kapital? Instead of attacking a strawman, ask a genuine socialist (e.g., Peter Tatchell) what he believes.
In our personal lives we live like socialists...selflessly give to our family and friends. We admire those who contribute and share without regard to profit. A small percentage hide their "trade secrets" and work their friends and family to get more for themselves. There is no marketplace for love and concern. The capitalist approach to family would be viewed more with disgust than praise. It's clear to me that in our private lives we charish socialist values. It's time we take it public.
Socialism is not compassion and love, it is the complete opposite. You do not voluntarily give to the socialist state, it is taken from you. If your family were truly socialist, someone would have to come in and take most of what you have worked for and give it to someone else. Charitable giving increases when the government takes less. You have it completely backwards and you don't understand Capitalism or Socialism
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xmvbxcvqawsz 1 year ago
Michael Moore is wrong again. Many credit unions didn't have any problems because they didn't lend to people who were at a higher credit risk. Sub prime loans are for people who don't have good credit. Michael Moore knows this .
VIDEOTIMEMACHINE 1 year ago
The reason that these people were talked into buying homes and not told that their monthly payment would be jacked through the roof is because of the business model the banks created. They put people in positions where they only make money (sales comission) if they get someone to sign a mortgage agreement, so of course they won't tell you the bad news or you won't sign. That would be like cutting their own throat. Then the banks bet against the investment. Brilliant, but pure evil.
GreggTheEgg 1 year ago
Reading the comments below tells of the problem. Name calling. Liberal or conservative. No clue about this or that when really No one knows! Only the politicians know. Finally, the Evil doers in congress and the Whitehouse know how to make American people name call and put one another aganist each other.
lebiew 1 year ago
I have been reading people tearing each other apart here. Is there anyway to find a common ground ? I think we all agree there is way to much greed in our government that needs to be held to the fire....If there was a way to find some sort of common agreement, we would be able to make things better...yeah a pipe dream I know...But without it... left and right will fight, as corporate agenda just marches on.
fztzbz85 1 year ago
This comment has received too many negative votes show
Michael Moore is an idiot. If you don't pay the lender who bought your home for you because you didn't have enough money to do it yourself, you should ABSOLUTELY be evicted from HIS property. There HAVE to be consequences for poor decision-making, else there is no incentive to make good decisions.
aivilik 2 years ago
@aivilik
You should watch a video before making a comment about it.
That's how it's supposed to be.
trakkaton 1 year ago
@aivilik poorer, often more uneducated people were blindly encouraged by mortgage institutions to take on these loans.. loans that the lenders knew they wouldn't be able to repay so they could make corporate profits. its absolute exploitation
JeffPaul89 1 year ago 2
The central banks are to blame AS MUCH AS the people borrowing money they couldn't afford to pay back. The U.S. government pressured Fanny Mae and Freddie Mac to lend to high-risk borrowers, even though both lenders knew it was a bad idea. All of this was done as part of a plan to collapse the U.S. dollar. The plan was crafted by the same people who own the federal reserve in the U.S. and in other countries. They've also been behind most of the wars around the world over the last 100 years or so
aivilik 2 years ago
Amazing.
paex18 2 years ago
Excellent movie. Again Michael Moore tells it like it is, and has done a terrific job in doing so. Don't shoot the messenger. Marcie Kaptur is a wonderful person that I have always admired. God bless them both for they seek the truth and speak it.
connatiah 2 years ago
Q: How does one silence a repetitious Fox News shill?
A: Knowledge.
Ahhhh....Enjoy the silence.
Therealillest 2 years ago
Thank you moron, for demonstrating your limited intellectual abilities, as well as your fantasies of have sex with dead senor citizens.
Derivatives or Credit Default Swaps are not a bad thing until you have a bunch of worthless mortgages you have to peddle because the government forced you to make bad loans. This mess fall square in the lap of Carter, Clinton, Waters and Frank and the rest of the stupid democrats who know nothing of how business works and insist on meddling with it. Retard.
bluegsp 2 years ago
perhaps u can explain why derivatives or credit default swaps is good?
hansson2000 2 years ago
A Credit Default Swap is not a traditional swap where two parties swap future cash flow streams. It is insurance-type contract which promises to cover the buyer of the contracts losses in the event of a default on the insured debt instrument. The CDS provides the buyer with protection by paying the face value of the bond or loan if a borrower fails to meet its debt obligations. .
bluegsp 2 years ago
The CDS transformed debt markets over the last decade. Investors desired higher yields, but not the additional risk generated by lending to less creditworthy borrowers. By providing a hedging instrument, the CDS allowed investors to increase their expected return, but limit additional risk by protecting them if borrowers failed to make debt payments. From the seller of the contracts point-of-view, the CDS was considered easy money.
bluegsp 2 years ago
As the economy flourished, a flood of funds entered the CDS market. To accommodate these funds, the types of instruments covered by contracts expanded to include CDO which were often backed by pools of mortgages. In addition, the secondary market expanded as investors bought and sold CDS multiple times making bets on the underlying firms credit worthiness.
bluegsp 2 years ago
On the other hand, the seller of the contract speculates that the company will not fail and generates a return (a stream of payments or premium) for providing the protection. Contracts typically are sold to protect against losses on mortgage securities, corporate bonds, and municipal bonds. Sellers include banks, insurance companies, hedge funds and other financial institutions
bluegsp 2 years ago
The economy was growing, corporate bankruptcies were infrequent, the housing market was booming, and consumers were spending. The CDS was seen as a low risk method to generate cash.
bluegsp 2 years ago
BUSTED AGAIN!!!!!
I was just digging through some old emails when I thought it would be fun to see what was happening back on this thread again. Apparently what's happening is you still have NO IDEA WHAT YOU'RE TALKING ABOUT. And rather than do any thinking for yourself, you still just vomit up other peoples' words as if they're your own.
This time it's from: cluteinstitute [dot] com%2FPrograms%2FLas_Vegas_2009%2FArticle%2520356.pdf
Don't you get tired of being eternally humiliated? LOLOLOL!!!
JustTheFax1 2 years ago
Busted? you call that an argument? You are as stupid as they get. You have not said shit. You are the moron that is always humiliated. Get a clue and a life or just go back to commenting on how much you miss Micheal Jackson
bluegsp 2 years ago
You're too stupid to even know when you've been busted.
So YES. You've been busted. You were asked if you could explain something so you went out and copied an pasted something word for word from another source. That proves that YOU have no idea what you're talking about.
And no, I don't call that an argument. YOU called it an argument, proving you don't even know what an argument is. I call it proof. 1+1=2. And you are busted, humiliated, and 100% pwned.
Man up and admit it.
JustTheFax1 2 years ago
So just to clarify, words you don't know the meaning to:
Busted.
Argument.
Strawman.
Metaphor/hyperbole
(the last was my particular favorite because when I explained the difference, you accused me - and by extension Webster's Dictionary - of being a liberal moron)
Hmmm... did I forget any?
JustTheFax1 2 years ago
You are a complete idiot. You are right, you have never presented an argument, and these are words you obviously don't understand. You have not "busted" anything but your own stupidity. You can always spot a liberal moron, they talk and talk but never say anything.
It is amazing that you have to dig up a conversation that you were not involved in from a month ago and still have nothing to say about it.
You need to get a life
how pathetic!
bluegsp 2 years ago
So proving that YOU have no clue what you're talking about and just vomit up other people's words as if they're your own thoughts is a liberal trait? You sure that's really the angle you want to take here?
I'm starting to think we should add the words "stupidity" and "liberal" to the list of words you don't know the meaning of.
JustTheFax1 2 years ago
You have proved nothing moron, just because I know how to back up my position's with research and evidence as I destroy liberal morons like you in debates where you are clearly over your head, demonstrates intelligence. Making up shit and talking out of your ass is a liberal trait that you demonstrate very astutely. Hell your posts are barely coherent, let alone informational. XD
bluegsp 2 years ago
Plagiarism is not research. Vomiting up talking points and calling people morons is not debating. (I'll add those two words to the list you don't understand as well)
Let's be clear. This is not a debate. This is a smackdown in which I have proven AGAIN that you have no clue what you're talking about. It doesn't surprise me that you find my posts "barely coherent" because they are fact-based. And you are terrified of actual facts.
Busted is busted. And you kid, are BUSTED.
JustTheFax1 2 years ago
You are right, this is not a debate, I have already dispatched you and your shame has made you unhinged. And which "actual facts" have you addressed? You have been destroyed by me and now you want to go after my sources in a conversation that doesn't involve you. you really are a pathetic liberal moron with out a life.
Again, you have embarrassed yourself without a point and proved once again your stupidity.
The only thing that is "busted" is your brain. XD
bluegsp 2 years ago
Please point out the part where you have either dispatched, destroyed or embarrassed me. I'm the only one who's making calm, rational points here. All you've done is throw a sad little tantrum and hurl insults with nothing to back anything you say up. And yet you accuse me of being the unhinged one. I'm not sure you understand what that word means either.
Do we need to add that to the list of words you don't understand too? Man this sucker is getting long.
JustTheFax1 2 years ago
You mean other than now? You really don't have a grasp of the language do you, is English a second language for you? You have never successfully refuted any points I have made, you only rant on about where I get information. Your obsession with your defeat has revealed an OCD that you should seek help for. What a pathetic moron.
bluegsp 2 years ago
JustTheFax1 2 years ago
This comment has received too many negative votes show
I think your silly little list is more reflective of the length of your vocabulary? When did I ever say Webster's was liberal. You really can't string two sentences together without lying, can you?
You never have had anything to contribute to the debate, you just keep chiming in with this childish bullshit. You really are a liberal idiot.
How sad.
bluegsp 2 years ago
Not a lot of room in your head for established facts, is there? But since you insist I repeat myself:
I made a joke and you accused me of not knowing what a metaphor was. I pointed out that your comment was not a metaphor, but hyperbole and that you could check Websters Dictionary if you didn't believe me. You said that only a liberal moron would say such a stupid thing. Hence: you think Webster's dictionary is a liberal book. Basic logic.
Guess you hate logic as much as you hate facts, huh?
JustTheFax1 2 years ago 2
Nope, complete bullshit.
You are the joke.
I had to scroll down to over 2 months ago to even find a comment from you, and that never happened. In fact, you had nothing to add to the conversation then either. You are a sad pathetic little liberal that lives in a fantasy world. XD
bluegsp 2 years ago
You can try and weasel out of it all you want, but in the end you still have no idea what you're talking about, are terrified of facts, and don't understand basic logic (or words for that matter).
All this whining, and you still can't admit that you're just flat busted as being the empty balloon that you are... If I didn't know any better, I would think that you were Bill Bellichick.
JustTheFax1 2 years ago
empty?!?!? You are the one who hasn't said anything. Nice try though, come back if you are ever able to assemble an opinion or a thought. You are one of the biggest morons I have ever seen. I suggest taking a debate or speech class, you really are a pathetic loser! XD
bluegsp 2 years ago
you just got LiberOwned
amielrox 2 years ago
"just"? the conversation took place over a month ago.
"owned"" The liberal jack ass never presented an argument to "own" anything. Do none of you liberals have any ability to think for yourself? Pathetic
bluegsp 2 years ago
@bluegsp
Own3d, n00b!!
pappersorm 1 year ago
@pappersorm I guess merely claiming some sort of victory has taken the place of actually presenting an argument to support a position. Another pathetic liberal searching for relevance. XD
bluegsp 1 year ago
When these amounts spread into the Trillions with everyone wanting to cut a backroom deal to get in on the action, everything crashed! Get it? DickSuck? I have to go shave your mothers tits now. Some of my cum is congealed into the hair. I went ahead and let her blow me...but only in the dark. That's how I spread around my risk without regulation. That's how I roll. Ponder the truth smart guy:)
Therealillest 2 years ago
When one of the Banks clients suffered sudden and violent losses the chain reaction caused a ripple effect on Wall-Street. There was a lack of actual accounted for money to cover all of the unaccounted for risk that, now failing, was spread around to god knows how many places.
Therealillest 2 years ago
So, without regulation the lending institutions were not obligated to make full account of this risk dispersement. They kept scooping the possibility of failure from their clients, passing the risk and reinvesting into these strong clients that weren't supposed to fail until (and I'm sure they knew this, but who cares when you're on the gravy train) there was more risk in existence than they could manage.
Therealillest 2 years ago
And in many cases, this represents credit risk that those investors could not themselves have originated directly. Exxon was not issuing large amounts of corporate debt at the time. So the existence of this letter of credit, which was a bank market product, meant that that credit asset, if you will, was really not available to an institutional investor like the EBRD was at the time.
Therealillest 2 years ago
EBRD didn't create a significant concentration in their case, and so risk was essentially dispersed.And if you imagine that example multiplied by hundreds of different examples, you can see how concentrated risks on the balance sheet of one bank, in this case JPMorgan, begin to make their way into the hands of investors at prices that those investors are comfortable and pleased with.
Therealillest 2 years ago
They took on a modest amount of risk; JPMorgan reduced their risk
Therealillest 2 years ago
Why did JPMorgan do that? Because they wanted to free up their capacity to do more business for Exxon. Why did EBRD do that? Because they felt that Exxon was a strong company whose business model they understood. They would receive compensation from JPMorgan from taking on or assuming credit risk to Exxon and felt that that was a good risk/reward proposition.
Therealillest 2 years ago
And the idea was that JPM-Organ wished to purchase protection from others. In this case, the example that was made public (But not publicly traded) was from the EBRD, which is the European Bank for Reconstruction and Development. So JP-Captain-Morgan paid them a fee in return for their assuming the credit riskiness of Exxon. And that was it, a very simple concept.
Therealillest 2 years ago
Exxon was the client at the bank (JPMorgan), and had credit exposure associated with that relationship in conjunction with a letter of credit that had been issued by JPMorgan on behalf of the company. A letter of credit creates credit risk. If Exxon were to fail on their obligations, then JPMorgan would have to step in and make good on those obligations. It was a large amount of exposure, and there was a significant amount of risk associated with that.
Therealillest 2 years ago
Oh, hey Dicksuck, I thought your mom put you to bed before I picked her up tonight. Well It's wayyyyyy over YOUR head but if you insist, here goes: Let's take Exxon as a case. That was one of the first credit derivatives.
Therealillest 2 years ago
Yet you weild them like a magic wand that should, without exception, immediately change everyones views to your own thoughtless rhetorical generalizations.
Therealillest 2 years ago
But if you don't have a basic understanding of at least that then this debate has nowhere to go but down. As for the Guyana Punch (decent band btw) reference you homoerotic closet Glen Beck slurping sheeple would believe whatever the big red-white-and blue elephant tells you after your third martini. Anger and resentment are not motivations toward the common good.
Therealillest 2 years ago
Understand the difference I stressed between deregulation and NO regulation!? We can all thank 30yrs of Greenspan and Ayn Rand influence for that. Do you even know what a derivative is? Hey, I'll be the first to admit it was ignored throughout the Clinton administration too,
Therealillest 2 years ago
You still have not given any example of this evil "deregulation" that you speak of. Thats because you can't because you don't know what you are talking about. You idiots are completely clueless. Just go back to sucking Olbermanns dick and slide Maddows strap-on back up your ass and shut the fuck up. Moron. XD
bluegsp 2 years ago
Okay, now you're just asking to be pooped on. Without an admission of guilt, Citibank voluntarily settled that case. Why? Because like you they are really deep down compassionless racist fucktards and they know it. What's more they don't care. And did you...
Therealillest 2 years ago
Banks are not in the business to be compassionate jack ass. Just how stupid are you. It was good business to settle a lawsuit against redlining when the deck is stacked against you. and if Freddie and Fannie are going to guarantee your bad loans, what have you got to lose? But you mindless liberals don't have a clue about business and don't live in reality so you are defeated before you begin.
bluegsp 2 years ago
...continue to live the lavish lifestyles to which they are accustomed with our REAL dollars. Turn off Fox News and go and take a local community arts class or something...you'll get it buddy....I believe in you!
Therealillest 2 years ago
You really are a kool aid drinking liberal moron aren't you. Maybe your feeble little socialist brain can look into this lawsuit brought by Barack Obama and Acorn. Buycks-Roberson v. Citibank Fed. Sav. Bank Fair Housing/Lending/Insurance
Docket / Court 94 C 4094 ( N.D. Ill. ) FH-IL-0011
State/Territory Illinois. This and countless other law suits brought under the CRA guidelines is what normal people call a "shred of evidence" that banks were forced to make bad loans
bluegsp 2 years ago
And deregulation or the absolute lack of any at all on Wall-Street was the main driving force behind this recession. Especially, the ABSENCE of any regulation in the Derivatives market, which grew into a remarkably shady $600 trillion business. This area which is trading amounts larger than the "Entire Planet's Financial Net Worth Put Together" went belly up after years of swimming in "theoretical" dollars, then asked us, the taxpayers to bail them out so they can continue...
Therealillest 2 years ago
You liberal drones keep repeating the mantra "deregulation, deregulation..." without a clue as to what you are talking about. What "deregulation"? The Bush administration was warning Barney Frank and Maxine Waters about the problem with Fannie and Freddie, and these democrat morons demonized the regulators. Pull your head out of your ass and smell the coffee, because this group is getting ready to do it all over again. You liberals are way to stupid to be taken seriously. XD
bluegsp 2 years ago
There isn't a shred of evidence to suggest that any lending institution has ever been forced to give a clear credit risk a loan. Fact: independent institutions that do not fall under the umbrella of this act have given out "risky" loans at nearly 3x's the rate of those that do.
Therealillest 2 years ago
Wow you are so far removed from having a clue it's staggering. First, it's the "Community REINVESTMENT Act"...
Therealillest 2 years ago
...poorly written I know, but i havn't had my coffee and I think the point is still valid.
Therealillest 2 years ago
Blue I think we simply mis-understand each other. I also disagree with bailouts being given to anyone. The point is, Capitalism led us to the point where we felt obligated to do so in order to save Democracy. We do not need a total switch to socialism, rather just enough drops of it to regulate and temper the greedy tendencies that Capitalism allows (promotes).
Therealillest 2 years ago
It is the regulation that polluted and corrupted capitalism. The Community Redevelopment Act took away market discipline by guaranteeing loans. If I guaranteed your losses if you went to the casino, you would make the max bet every time because you had nothing to lose and everything to gain. Thats what regulation did. You cannot blame capitalism for the mess we have today, its government intervention that is the problem and always have been. Capitalism works socialism doesn't.
bluegsp 2 years ago
--->Wait 'til shopping season is supposed to hit full swing and "SUDDENLY" stores realize there is no one at the mall!? What the shit!...they told us the recession was getting better!...Hmmmmm, I hope I'm wrong, but I see this year ending very badly, and there will be no way that even Blue can escape alive without REALLY rethinking his whole set of values, as we will ALL be forced to do. And maybe, that's what we need after all.
Therealillest 2 years ago
---->There will be nothing left but scraps to fight for and watch just how fast good ole blue's tune will change. The disconnect that exists now (literally, not figuratively) between Wall Street and 95% of the American public is too far gone to repair now without revolution. Unemployment has not reached it's peak and promises are being made on seasonal projections that, right now, just aren't shaking out how they were supposed too.
Therealillest 2 years ago
One day, and we won't have to wait long, Blue will be unemployed. Like many in the country right now he will come to realize just how terrifying the market (or lack there of) has become. Wall Street is simply making one more reach into what's left of the grab bag. With no regulations having benn passed since the bailout, it's possible to continue doing so. I wish I were wrong. But this whole thing is gonna tank again, and worse than last time when it does.--->
Therealillest 2 years ago 2
Of course this whole thing is gonna tank again. Because bail outs, stimulus give a ways and government grabbing up private industries is no solution. It will not be my values that need rethinking, But the socialist that are taking us down this path. You may be clamoring for government handouts, but their may not be any wealth to redistribute. You silly little childlike socialist make me sick
bluegsp 2 years ago
I must strongly recommend that you give blue the old ignore. He really has no interest in reason or truth, just winning arguments and being outraged.
condennett 2 years ago
condennett
Thanks for the words. Don't worry about me. No matter what, this person has no support whatsoever. His ignorance always loses in the end. A lot of people that has had dealings with him here know that. He is scared of the truth. He doesn't have a lot of friends. Blue is an embarrassment to a lot of people on you tube. Your words are assuring. Hopefully, there will be good changes in this great country soon. God Bless you, condennett.
bolden212 2 years ago
Who is this guy? He's making a very silly, naive point. Don't blame the victim? The victim here is the poor guy who loaned money to people who should have never bought a house in the first place, people who are just not ready to grow up. The victim is the poor taxpayer who has to pay more taxes to clean up the mess created by these deadbeats! ACORN and its cronies should have to pay for this mess.
jackfulcher 2 years ago
jackfulcher-Allen Greenspan disagrees with you and testified that republican ideology is flawed in regard to banks self regulating. Banks did not do their job. Mortgage writers got greedy and gave loans to individuals who could not pay when times got tough BUT also there were those who were "flipping houses" and got caught when the market went south. Repubs would like to blame dems, ACORN etc. but there is much, much more to the story allthough talk radio has tried to convince us otherwise.
urparanoia 2 years ago
I was around in the 1990s, and there was IMMENSE pressure put on banks and mortgage companies, through both legislation and through regulatory bodies like Fannie Mae, to "expand opportunities" for the American Dream by making home ownership much easier. ACORN wasn't the only actor here, but the Clinton Administration was knee-deep in regulators who systematically ignored rules and safeguards in an effort to free up loans for poor people.
jackfulcher 2 years ago
jackfulcher-So you are saying that Allen Greenspan was wrong regarding his admission to congress ????? Do you have any idea what it means for this man to say what he did ? You should actually take the time to read the Community Readjustment Act and take note of the wording which reminds banks to use good business practice when making loans. Regardless of who may have "put pressure" on mortgage writers do you actually think this is a good excuse for them to not do their job ?
urparanoia 2 years ago
The problem with poor people is that they don't have much money, making it difficult for them to make regular payments on a house. The "market went south," as you put it, because these people started to default when the economy contracted. The regulators weren't given the necessary powers to make sure these loans were sufficiently capitalized. It was a policy failure in the mid-1990s.
I don't listen to talk radio so don't know what they say about this. I can imagine...
jackfulcher 2 years ago
jack, Urparanoia and bolden are a couple of immature little liberals that don't have a clue about what they are talking about or the world in general. The evidence is in and the truth is known. These little liberals either don't understand it or can't deal with it. they really are a joke. XD
bluegsp 2 years ago
bluegsp It's you that does not understand what you are talking about. If you had any sense, you would stop barking instead of fighting against yourself and others. Join the million of Americans who want to see the economy improve. This is not the time to argue about who is right, wrong, liberal or conservative. This is the time to come together as a people and a nation despite our differences. Repeat this phrase to yourself: do unto to others as you would have done unto you.
bolden212 2 years ago
bolden, you are a moron. 13 Trillion dollar deficits will not improve the economy. I am fighting for my country against its enemies from with in. (that means Obama and the rest of the socialist democrats)
bluegsp 2 years ago
This has been flagged as spam show
We are a bankrupt Nation & we must get back into solvency. We do that by putting the financial system threw a Glass-Steagall Bankruptcy. We eliminate the FED & adopt a National Credit system call for in our Constitution. We invest in infrastructure, agriculture & industry & create lots & lots of blue collar jobs. We will bring back all our industries that Global Free Trade Capitalism has outsourced. We don't need Wall Street or the FED anymore! Google: LPACTV: Audio Preview, The LaRouche Plan
gkgreger 2 years ago
bluegsp, give it up. You have no backbone and no game ok? Leave politics alone. You are bad at it. Game over blue.
bolden212 2 years ago 3
ThisNovember5th(dot)com
MoneyBomb for Liberty candidates! Pledge and donate!
ThisNovember5th2009 2 years ago
"The economy had nothing to do with Obama winning the election" Note that he said nothing. I think that speaks for itself.
condennett 2 years ago
Other interesting ideas by bluegsp is that the economy had nothing to do with Obama being elected. bluegsp is not that interested in facts.
condennett 2 years ago
This comment has received too many negative votes show
condiment, you are a retarded fuck. The economy had nothing to do with Obama's election. You live in some sort of Obama fantasy world. grow up
bluegsp 2 years ago
bluegsp-Bolden212 is correct genius , you should give up on politics. You have NO clue as to what is going on. You had better check again in regard to Obama's election and the economy. He may have won without the financial crisis brought down on us by the banking industry but the economy was the clincher. As usual you have it wrong. Evidently you were watching Spong Bob when you should have been paying attention to what was going on with politics and the economy.
urparanoia 2 years ago 5
urparanoia
Thank you. Blue does not know what the hell he or she is talking about.
bolden212 2 years ago
bolden21-You are welcome my friend. It is difficult to believe that people such as bluegsp exist. His comments are extremely childlike and I have never encountered an individual who knows so little yet has so much to say. How can this guy not see how much he is embarrassing himself with his own comments ?
urparanoia 2 years ago 4
Think about how many houses they could have bought for people with the money they used to bail out your failure of an economy. At least the bankers sleep sound right.
dumbsaint 2 years ago
bluegsp, you are real funny aren't you? You know what bush did during his term as president. Ten billion dollars a month towards a war that should not have happened. His prescription pill act he made in 2004 forced senior citizens to pay more for their prescription pills on top of what they were paying already. That was not right Do you know that you look like a fool on youtube? Huh? Stop embarrasing yourself in front of everyone and pull your head out of your own ass.
bolden212 2 years ago
blow'n212
You mean the war that was voted on and passed with bi-partisan support? And Bush's prescription drug social spending ruined the economy when you are supporting the guy who wants to socialize all of health care? do you realize what an idiot your are? Huh? Huh? My God man, if there was anyone who has exposed himself as a fool and an ignoramus it is you. Admit it, you have no idea what you are talking about. You are even more stupid than Urine, HAHAHAH XD
bluegsp 2 years ago
bluegsp
I know what I'm talking about. Do you? Do you know what a dumb ass you are. I hope that Obama's plan does pass. If you don't like the changes that are about to happen in America, then leave the country. You support bush. What you are saying is that Bush did nothing wrong to mess the economy up? Is that what you are saying? If you are, you are even a bigger fool than I thought. The person you are referring to as "Urine" is a lot smarter than you ever will. Nice try, dumb ass, try again.
bolden212 2 years ago
blow'n212guys,
There are no "changes" about to happen except the ones in congress next year.(You obviously do not follow any current events. XD). I am saying that you are a liar when you say "Bush ruined this country" I just asked you to back it up and you embarrassed yourself with a bunch of bullshit illustrating your own stupidity. Urine is in the same boat you are, fucking clueless! HAHA XD Why don't you learn about an issue before you shoot your mouth off and look like an idiot! XD
bluegsp 2 years ago
bluegsp
If I'm lying, then how come Bush has the worst approval rating then any other president in history. When if you lose your job, your home, and your life savings at some point in your life. Huh? What will you do then, beg Obama for help? I'm sure you would do that. I did back it up and there are so many things going on all over this country. So many people are losing their jobs, homes, money and so forth. Don't you understand? I guess not. People like you contributed to the economy's mess
bolden212 2 years ago
blow'n212guys,
Harry Truman had the lowest approval ratings in history, Bush had the highest (68.9%). So by your stupid logic, Truman was the worst president and Bush was the best. See how easily I expose your lies and stupidity? The president is only suppose to protect my country (which Obozo has no time to do, It seems, as his general in Afghanistan is still waiting on his request for 40000 more troops or lose that war.)
bluegsp 2 years ago
Obozo is too busy pimping Chicago for the Olympics and doing his T.V. guest shots to actually be a leader. I will never depend on government to provide a living for me because I am a conservative. That is what welfare dependent liberals do. I don't contribute to the "economic mess", I produce goods and services that people want to buy, it is liberal democrats that produce nothing and take money out of the economy that screws things up. You have a lot of growing up and learning to do. XD
bluegsp 2 years ago
bluegsp
You really are a human waste. Crawl back in the hole you came from and leave politics alone. Look over your facts again.
bolden212 2 years ago
blow'n212guys,
Typical liberal response when they have been totally destroyed in a debate. Thanks for playing, I hope the shame is not too much to bear. XD
bluegsp 2 years ago
bluegsp, you don't get do you? The economy was already bad before obama became president. The past eight years have been horrible thanks to the previous administration. Wake the hell up. You are not scaring anyone. Get a grip and understand what this country is going through. This is the worst finanicial crisis since the great depression.
bolden212 2 years ago
blow'n212, And what exactly did Bush do, Moron? Hmmm? I seem to remeber Barney Frank and Maxine Waters telling Bush's regulators that Fannie and Freddie were just fine when they tried to warn them. You do not have a fucking clue. You are the one that needs to wake up, hell, the rest of the country is waking up(Obama's approvals have slipped to 50% and still dropping), pull your head out of your ass and get a clue
bluegsp 2 years ago
1st of all the majority doesn't vote the way you do . 98,611,000 people of voting age did not even vote , only 56.7 % of people of voting age turned out to vote. now that we know what these liberals are capable of ,only 10% of the 98,611,000 are needed to vote these nuts out
singledad11 2 years ago 2
HAHAHA This bloated buffoon didn't even use Union workers on his documentary blasting capitalism. what a fucking hypocrite! I guess he thought the Union wages would cut into his profits. What a lying hypocritical jackass! HAHAHAHA XD
bluegsp 2 years ago
Oh goody, the Obama era will mean new art and artists! Roman Polanski can come back and make new movies that put me to sleep and then he can sodomize more children. Then Hollywood can now freely show its support of Hugo Chavez as he does away with free speech in how own country. Then MM can make more movies about doing away with the system that formerly made the U.S. the most powerful nation in the world, but that's not important, France can play world cop now. Go Frenchie!
ShereKhanTiger 2 years ago
Hey bluegsp, your neo-Conservative, right-wing, Republican ideas are not welcome in this country any longer. Republicans have more or less ruined us, possibly past the point of redemption. Anyone with A MIND, would never call themselves a Republican. You could probably care less about other people, and disagree with any ideas that are not yours. As Sen. Ted Kennedy once said: "We've heard enough from that side!".
anton1207740 2 years ago 3
anton, you are an idiot. grow up, wake up and wise up. This little "experiment" with the unqualified socialist community organizer is over. Obama is a lame duck, he loses the congress next year, the White House in 2012 and will replace Jimmy Carter as the worst president in history. what a total moron. XD
bluegsp 2 years ago
Growing up I did! I've witnessed more tragedy than I would wish on my worst enemy. You, however, need to wise up and open your eyes! Republicans RUINED America. Bush, Cheney, Rumsfeld; they all RUINED this country. Two wars, a broken economy, and a third-world like healthcare system that denies its own citizens treatment! What have we become as a people that we have allowed ourselves to sink this low!
anton1207740 2 years ago
Comment removed
anton1207740 2 years ago
It seems that it is only you that has done any "sinking" You are babbling incoherently as you sink slowly into madness. Your comments are too ridiculous to even debate. sheer insanity. Try pulling your head out of your ass, it might help to clear your mind.
bluegsp 2 years ago
Incoherently? Did I use too many big words for you? Or are you just afraid to admit the truth? Let's face it, I cannot think of one good thing the Bush 43 did. Not one. I can name a lot of bad things, like wars based on unfounded allegations that pushed our country so far into debt that the US economy tanked. Yes, a true Republican hero.
P.S. No need for profanity, we're both grown up people here.
anton1207740 2 years ago 2
You didn't use any big words, (I suspect you don't know any) You are a mindless indoctrinated moron that doesn't have a clue about economic or politic. I am guessing that you get your opinions from Keith Olbermann and Bill Maher. You cant back up anything you say because it is all a liberal lie. You morons really are a joke
bluegsp 2 years ago
well ...
as I stay out of this ... discussion sir , I´m still curios as to WHAT exactly was so great about the last President ?
And why is there no way that the conservatives can admit defeat in the US and start moving FORWARD ... the way it looks from my angle (Europe) is that ... the REP party just can´t get over the fact that the country is changing WITHOUT them !
What do YOU think ?
Brgds
GSO
p.s. ... why would a normal person call some with a different view a "moron" ???
GermanStraight1 2 years ago
The country is not moving forward with or with out republicans. The democrats have 60 seats in the senate, and a large majority in the house. They do not need a single republican vote for anything they want to pass. It is democrats that are holding up the socialist agenda put forward by this administration. The American people are letting the democrats know that they will not stand for socialism in the U.S. These democrats know that they will lose their elections next year if they support it
bluegsp 2 years ago
Americans were fooled by the constant lies coming from the leftist media and were conned into putting Obama into office. As you can see it didn't take long for America to learn what this unqualified socialist community organizer is all about. No one said the last president was "so great", he just wasn't the devil that these lying leftest try to portray him as. America will never allow freedom to be defeated in the U.S. Socialism is moving backwards, not "forward"
bluegsp 2 years ago
bluegsp-Look who is talking about backing up what they have said. Avoiding questions and ignoring evidence which contradicts what you say doesn't exactly qualify you as someone who should be talking about others. Calling people names and making wild claims without basis is typical of many tools of the right who have little understanding of the issues and can only bring anger to a conversation. Grow up and stop making a fool of yourself with your childlike comments/profanity.
urparanoia 2 years ago
I always back up what I say urine, I have already destroyed you one, looks like you are back for more ass kicking. Of course you don't really have any opinions do you. XD Moron! LOL
p.s., raymond is an idiot and so are you.
bluegsp 2 years ago
bluegsp- I guess I missed the "destruction" that you refer to. Hope it wasn't your sad "supply and demand" comment that has absolutely nothing to do with the subject at hand. Come on now, tell me exactly what you are talking about if you can. Ignoring questions and proof doesn't make you more intelligent. Again you offer nothing of substance.
urparanoia 2 years ago
Urine, Of course you "missed" it, you're stupidity misses a lot. I have already provided my substance, you are the one who didn't bring anything to the debate. Your inability to back up your nonsensical claims and failure to understand simple truths only exposes you as a moron with your head in the sand. Idiots like you cannot deal with reality and only function in a fantasy land. Liberalism is a mental disorder.
bluegsp 2 years ago
urparanoia
There is no reasoning with this right wing jerk, bluegsp. This person does not understand that the economy is in the worst recession since the great depression. The previous Administration turned this country upside down. There is no substance to his answers. He is just avoiding the facts. This person is just trying to put others down because he knows he is dead wrong.
bolden212 2 years ago
blow'n212guys,
We are not even in the worst economy since Jimmy Carter(yet), but we are heading that way fast since Obozo the president got elected? What happened to that stimulus bill that Obozo said if we didn't pass, unemployment would reach 8%? We passed it and now unemployment is at 10%. Dont tell me I don't understand the economy, You and your clown Obozo are the ones that don't have a fucking clue. And boy did you make it obvious!HAHAHAHA XD
bluegsp 2 years ago
well ...
sir I do have to disagree on ONE point !
That is ...
the health care sector , in my believe some countrys in the so called third world are BETTER organised to deal with there own citizens .... how ever ... in the US are some of the finest doctors and nurses in the world ... the problem is , the way I see it from Europe , that not everybody is getting that type of treetment !
Brgds
GSO
p.s. however , the German system is not perfect either !
GermanStraight1 2 years ago
German, we can certainly reform pricing, but the complete overhaul of our health care system that the democrats are attempting will never happen and will bring about the end of the Obama presidency in 2012. I am grateful that he was foolish enough to attempt such a large scale socializing of America so quickly, His popularity has dropped to 50% and an overwhelming majority of Americans don't trust him with health care.
bluegsp 2 years ago
well ...
I think I better leave it up to you to decide who do YOU want as your president !
But one point has to be made ... HE is been givin´a near impossible task , is he not ?
As far his approvel is concerned ... time will tell , to me it looks as if the REP party is more concerned with damaging HIS presidency rather the getting the whole country back on it´s feet !
Brgds
GSO
GermanStraight1 2 years ago
Reagan never looked at approvals or Polls, he acted upon principal and what he knew was best for the country. Republicans know that damaging and stopping Obama is whats best for the country, and the American people know it too. 13 Trillion dollar deficits and government control of the auto industry, energy industry, health care industry, insurance industry, etc. is not good for the country and Americans know it.
bluegsp 2 years ago
well ...
in certain terms I do agree ...
that the task YOUR president was given is nearly impossible !
But the main questions remain , WHO was ressponsible for that one , I mean He inherrited that mess from someone else , or did HE not ?
And something else ... WHAT would members of the REP party would have done IF a member of the DEM´s would have shouted "YOU LIE" in open chamber ?
You see what I mean ?
And I agree on one more thing ... no Government should own any of the COM. YOU mentioned !
GermanStraight1 2 years ago
Wilson was right, Obama did lie. This has been largely over looked. Wilson was out of line, admitted it and apologized. the democrats tried to make a dog and pony show out of it and it back fired, support for Wilson and republicans skyrocketed following his censure. The DEMS have been a lot more offensive, Reed called Bush a liar and a loser (in front of school children) The Dems Boo'd Bush at his address to congress...etc. liberals are much more "uncivil" than conservatives.
bluegsp 2 years ago
bluegsp-You're obviously unaware of Repub. Allen Greenspan and his statement last fall regarding the home mortgage crisis.He admitted that the republican ideology he had believed in for decades is flawed and such thinking caused the crisis.Banks became greedy and cannot be trusted to be responsible to their customers.Allthough the CRA does suggest that banks loan to a broader base of customers it specifically states they should do so while using sound business practice.Banks didn't do their job
urparanoia 2 years ago
Urine,
You cannot discredit me by evoking Limbaugh and Beck, this is as typical a liberal tactic as crying racism. It doesn't work and only proves that you cannot support you argument. You are a simple little man who tends to attack me more than my argument. That only proves that it is you who doesn't know what he is talking about
bluegsp 2 years ago
bluegsp
Are you still flapping your gums? Most people here including myself think you're full of shit with no backbone and no balls. If you are going to come up with valid arguments, have proof to back it up instead of lying your ass off.
bolden212 2 years ago
bolden212-This guy bluegsp certainly is a piece of work. And yes, I see that he is not one to answer questions. It is difficult to believe that he actually thinks his childlike name calling and profanity adds anything to a debate. He is the very definition of a fool.
urparanoia 2 years ago 2
blow'n212guys,
You are retarded, I have already exposed what an idiot you are. everytime you open your mouth you look more stupid. XD
bluegsp 2 years ago
blugsp
The person you are referring to as a moron and an idiot is yourself. You don't want to admit the truth staring you in the face. The person who is retarded is you. I thought you love your country. You must not love your country enough to accept the changes that are about to happen. Fight for your country, not against it. Leave America if you don't like it. Okay?
bolden212 2 years ago
blow'n212guys,
Nice "I'm rubber your glue..." response. What are you? like 6? I am Fixing my country against socialist idiots like you and urine. Obama is toast, he is a lame duck, his approvals are dropping like a rock and he will lose congress next year. Now that is "change" you can believe in. You have a lot of learning to do, you should probably start by studying history and discover the evils of socialism and communism before you start endorsing them.
bluegsp 2 years ago
bluegsp-Nice speech but it has nothing to do with reality. Educate yourself on the basics and you would not repeat all of this right wing rhetoric. You are blindly repeating what the Limbaughs and Glenn Becks have to say. You have no real idea about what should or should not be done by government in a financial crisis. You might want to remember that when Obama came to office money lending was practically non existent in this country-business cannot survive without it.
urparanoia 2 years ago
You are nuts. It is you that doesn't have a grip on reality. If I send you into a casino, and tell you I will cover your loses, you would bet the max bet every hand, You would be stupid not to. If you were on your own, you would play smarter and use and more carefully. Government changed the rules, not banks. If you don't have market discipline the system breaks down, that is the fault of the heavy hand of government not capitalism.
bluegsp 2 years ago
When it comes to the "mess" that Obama inherited, you can point the finger at both parties. However most of the mortgage problems go back to Carter and Clinton with the Community Reinvestment Act. Gov encouraged and pressured banks to make loans to poor people who would not normally qualify and "guaranteed" those loans with Fanny Mae and Freddy Mac. the problem really mushroomed from there.Capitalism works if government does not "tinker" with it, this should be the lesson
bluegsp 2 years ago
bluegsp-Since you gave no examples of what you claim even when asked to do so, it is obvious that you are just spewing your meaningless verbal vomit. You lose all credibility when you claim to have gotten the best of someone and then cannot give a single example of when and how.You're a joke and by your own comments you have proven that you're simply one more repub who has nothing of substance to add to the conversation. You are a legend in your own mind.
urparanoia 2 years ago
Urine, I have given examples and cited my sources. You are a moron and don't have any credibility. I have continued to completely destroy you and you just can't deal with it. You are the real joke. come back when you can actually formulate a coherent thought. XD
bluegsp 2 years ago
bluegsp-Still nothing of substance. If you would simply back up your claims there would be no need to get your panties in a bunch.
urparanoia 2 years ago
They are backed, loser, you are the one with nothing in the tank. XD
bluegsp 2 years ago
bluegsp-It is official-you have nothing. Typical .
urparanoia 2 years ago
Ha! Da'nile, aint just a river in Egypt! Get some help. You are one sick son of a bitch. delusional retard! LOL XD
bluegsp 2 years ago
bluegsp-I suggest you read your comments and mine of the last few days. Do you suffer from some sort of dimensia?I can understand why you would be embarrassed that you have made claims you cannot back up but it is childish of you to deny the content or lack of content in your previous comments when what you have said is still there for all to see.Maybe you should get off of daddy's computer before he comes home and catches you. No adult of even average intelligence would act in such a manner.
urparanoia 2 years ago 2
Urine,
BLA BLA BLA, that's all you say. I have cited and sourced everything that I said, and all you do is say "no you didn't". You and blow'n have been exposed as the morons that you are and completely humiliated. You really are amazingly stupid. But then again, I see it all the time with you idiot liberals. XD
bluegsp 2 years ago
bluegsp-So once again you still have nothing. Obviously you do not understand the meaning of "sources" and "citations" since you have never produced such information. Is it possible this is some sort of joke and you are actually not as stupid as you have portrayed yourself ? I'm given you the benefit of the doubt because your comments are simply to ridiculous to be taken seriously.
urparanoia 2 years ago
Unine, pull your fucking head out of your ass. Don't blame me if you never learned to read, jack ass. You are the only one that is the joke here. Get a life, as well as a clue shitstain. XD
bluegsp 2 years ago
haha you prolly think that George W Bush was a great president and the war is a good thing. things are complex...
tuhtidimppa 2 years ago
Bwahahah you prolly think your clever! bwahahaha. fuckin' idiot
bluegsp 2 years ago
bluegsp-"Greenspan Destroys Deregulation in 16 seconds" .If you know anything about republican ideology you know they fight a never ending battle for government deregulation of business as previously mentioned.This short vid may help with your hearing problem. Read Greenspans lips and you will see a highly respected republican and keeper of the flame admit that republican ideology was wrong just as dems have been saying for decades. If you still don't understand get your mommy to explain.
urparanoia 2 years ago 3
bluegsp-Your ignorance does absolutely nothing for the republican cause. Snot nose kids who are clueless and believe that comments which contain only denial, profanity, and are unable to debate issues can do no good for the right. However, I am grateful that you consider yourself a republican and reminded of that whenever I read you comments. You and your kind of republicans are a great gift to democrats everywhere.
urparanoia 2 years ago 4
This comment has received too many negative votes show
Urine, your maniacal diatribe only proves how insane you are. It was democrat regulation that caused the mortgage crisis and that is indisputable. You have no idea what you are talking about. You can't even explain how this so called phantom deregulation did any harm. you are a pathetic moronic liberal idiot that doesn't have a fucking clue. Keep drinking the liberal kool aid, Its fun to listen to babbling idiots drone on about shit they don't know anything about. XD
bluegsp 2 years ago
lol
DickeyRogers 2 years ago
bluegsp-You should argue your point with Allen Greenspan and the language of the CRI. You may not like to hear the truth but that is the way it is. Your denial and profanity change nothing. Once again I would like to thank you for being a republican. Your comments are evidence that you have chosen the correct party for you and your kind.
urparanoia 2 years ago 2
well ...
i have to admit dedeat , in the general term , since I do NOT know about the IN´s and OUT´s of US lending policys over the century ... but I think that pointing the finger at Clinton and Carter seems to me very SHORT sided ... since there where a Pres. Reagan who defeated Carter ... correct ? and as far as I can tell it was Bush sen. after Clinton , right ?
i know you said at BOTH partys but failed to mention ANY REP pres. ... so it looked a bit ONE sided !
Brgds
GSO
GermanStraight1 2 years ago
German, the community redevelopment act was signed and enacted by Carter, Clinton expanded the program. When McCain and republican regulators went to congress and told them that this policy and more specifically, Fanny and Freddie were in deep trouble, Democrats like Barney Frank and Maxine Waters denied the problem and attacked the regulators. See the Youtube video, "Nancy Pelosi, Barney Frank, and Democrats are Clueless on Freddie Mac Fannie Mae and the financial credit crisis."
bluegsp 2 years ago
I will look for that ... thank you ...
question ...
maybe I have to frase it in a different way ,
WHY did NO US President under the REP Party do anything about the facts that YOU presentet ? And , like I said , I do NOT know the IN´s and OUT´s of the US Politics !
never the less , again , thank you !
Brgds
GSO
GermanStraight1 2 years ago
German,
If you look at the videos, you will see that Bush tried, but that power belongs to congress. Check out the video and the conversations in it and you may better understand. There are other videos that help explain the problem as well, "Covering Your Fannie, Who Really Caused Our Economic Crisis?","Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown","Obama, the Democrats, and Fannie Mae"
bluegsp 2 years ago
bluegsp-Check out the vid "Greenspan admits he made a mistake".As you watch remember, his ideology is that of the republican party. His admission was also covered on the nightly news in late 2008. Your denial of the real cause of the financial crisis really doesn't change anything.I understand why repubs want to point fingers but when Greenspan admits what many of us already know you have no legitimate arguement to the contrary.Now you may respond in your usual childlike manner.
urparanoia 2 years ago
Urine, you are a joke, I never heard Greenspan admit anything, all I heard was Lisa Myers talking over him. There is no explaination of anything in that video. You may be the stupidest liberal moron I have ever seen. I would say, "nice try" but really it was a pathetic attempt at utter bullshit. Which by the way is all we get from you! XD (There may be no less a credible "source" if information than NBC) XD You are one pathetic joke. XD
bluegsp 2 years ago
bluegsp- If the name of the video is "Greenspan admits he made a mistake" what do you think he may have said in the vid genius ? Think ! You can do it ! You are too stupid for words ! Eithier you selected the wrong video, which is a real possibility in your case, or you're deaf. It's typical of republicans to speak negatively about NBC news but who said that I heard Greenspan on NBC?Again typical of republicans making assumptions without basis while denying what is right in front of them.
urparanoia 2 years ago
What do you get out of slander for slander's sake? You sound like an asshole, and your opponent was much more well spoken, whether right or wrong.
eggory 2 years ago
what ever egghead. go fuck yourself
bluegsp 2 years ago
anton1207740
You are absolutely correct. The Bush administration did turn this country's economy upside down. It is not fair that the people have to suffer because of their mishaps. People should not fear their government. Government should fear their people. We as a nation and as a people have to fight these injustices against us.
bolden212 2 years ago
bluegsp
The only idiot and lame duck here is you. Wake up and realize what is happening in this country. People are losing their jobs, their homes, their life savings and so forth. Health care costs have exploded out of control. The mortgage crisis is out of control. Some students are up to their necks in student loans. Correction, Jimmy Carter is not the worse president in U.S. history, George W. Bush Jr is.
bolden212 2 years ago
blow'n212
The democrats are to blame for the economy. Jimmy Carter will remain the worst president in U.S. History until 2012, then that honor will belong to Obama. You are a complete moron and you are totally ignorant to what is happening in the world and why. Not surprising though, you are a liberal. You will get the wake up call next year when Obama loses congress, and then he will be totally impotent.
bluegsp 2 years ago
@bluegsp:
Don't tell me what socialism is. Have you even read Das Kapital? Instead of attacking a strawman, ask a genuine socialist (e.g., Peter Tatchell) what he believes.
Chonoryokusha 2 years ago
In our personal lives we live like socialists...selflessly give to our family and friends. We admire those who contribute and share without regard to profit. A small percentage hide their "trade secrets" and work their friends and family to get more for themselves. There is no marketplace for love and concern. The capitalist approach to family would be viewed more with disgust than praise. It's clear to me that in our private lives we charish socialist values. It's time we take it public.
raymonddessoffy 2 years ago
Socialism is not compassion and love, it is the complete opposite. You do not voluntarily give to the socialist state, it is taken from you. If your family were truly socialist, someone would have to come in and take most of what you have worked for and give it to someone else. Charitable giving increases when the government takes less. You have it completely backwards and you don't understand Capitalism or Socialism
bluegsp 2 years ago
raymonddessoffy-I could not agree more. Very well said.
urparanoia 2 years ago