freddyferg's channel

freddyferg commented 7 months ago

2:52 Add to

Herman Cain: Tea Party gets "bad rap" about racism

Republican presidential candidate Herman Cain responds to accusations of racism within the Tea Party. Cain also comments on whether he feels Presid...

4,289 views

freddyferg said:

I hold these truths to be self evident that all Americans are created equal and that someone (like Mr. Cain) who strongly believes in persecuting Americans based on religion and sexual orientation will never be elected President of the United States of America.

• 4:51 Add to

  Herman Cain Explains Why He Said He Wouldn't Appoint a Muslim to His Administration

  Possible Presidential Candidate Herman Cain is facing backlash for saying that he wouldn't appoint a Muslim to his administration. He explains his...

  35,046 views

  freddyferg said:

  LMFAO! Herman Cain said EXACTLY what he meant. He just got caught with his foot in his mouth AGAIN. How many times does he have to CLARIFY his positions before you finally realize this guy is just another ignorant bigot fanning the flames of the mob for media attention just like Trump. Heck, ...

• 4:51 Add to

  Herman Cain Explains Why He Said He Wouldn't Appoint a Muslim to His Administration

  Possible Presidential Candidate Herman Cain is facing backlash for saying that he wouldn't appoint a Muslim to his administration. He explains his...

  35,046 views

  freddyferg said:

  LMFAO! Herman Cain said EXACTLY what he meant. He just got caught with his foot in his mouth AGAIN. How many times does he have to CLARIFY his positions before you finally realize this guy is just another ignorant bigot fanning the flames of the mob for media attention just like Trump. Heck, ...

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freddyferg commented 1 year ago

9:25 Add to

Hi, I'm a Tea Partier revisited

An Xtranormal video about why I'm a Tea Partier. It's the economy.

DC runs on Keynesian macroeconomics:

Fiscal policy is deficit spending (borrow...

186,410 views

freddyferg said:

@HciSteve And what the CRA has to do with the continuing evolution of the derivatives market that started with Drexel Burnham Lambert and it's most recent invention of Mortgage Backed Securities used to offload all credit risk from subprime, Alt-A, prime and commercial is what you fail to be able...

• freddyferg commented 1 year ago

  9:25 Add to

  Hi, I'm a Tea Partier revisited

  An Xtranormal video about why I'm a Tea Partier. It's the economy.

  DC runs on Keynesian macroeconomics:

  Fiscal policy is deficit spending (borrow...

  186,410 views

  freddyferg said:

  @HciSteve Congress passed the CRA in 1977 to reduce discriminatory credit practices in low-income areas known as redlining. Before the Act and despite the Fair Housing Act, there were still severe shortages of credit available to low income areas. In their 1961 report, the U.S. Commission on Ci...

• freddyferg commented 1 year ago

  9:25 Add to

  Hi, I'm a Tea Partier revisited

  An Xtranormal video about why I'm a Tea Partier. It's the economy.

  DC runs on Keynesian macroeconomics:

  Fiscal policy is deficit spending (borrow...

  186,410 views

  freddyferg said:

  @HciSteve You are the one who brought up CRA. You really should turn off the television and read. A lot of very smart non-partisans have written a great deal in hindsight about what happened. There is no excuse for the misinformation still being promulgated by Fox "News" and many in the Tea Party.

• freddyferg commented 1 year ago

  9:25 Add to

  Hi, I'm a Tea Partier revisited

  An Xtranormal video about why I'm a Tea Partier. It's the economy.

  DC runs on Keynesian macroeconomics:

  Fiscal policy is deficit spending (borrow...

  186,410 views

  freddyferg said:

  @HciSteve And you do know that the Dems only took the senate in the last two years of Bush's term. That's right. Barney Frank was only banking committee chair from 2006. The market crashed in 2007 for God sakes.

• freddyferg commented 1 year ago

  9:25 Add to

  Hi, I'm a Tea Partier revisited

  An Xtranormal video about why I'm a Tea Partier. It's the economy.

  DC runs on Keynesian macroeconomics:

  Fiscal policy is deficit spending (borrow...

  186,410 views

  freddyferg said:

  @HciSteve I know the narrative. Not only are minorities more irresponsible than the rest of us but their sponging off of good hardworking white Americans has caused the crisis. You see I grew up in Alabama so I have spent a lifetime watching the Aristocracy stoke infighting between working class ...

• freddyferg commented 1 year ago

  9:25 Add to

  Hi, I'm a Tea Partier revisited

  An Xtranormal video about why I'm a Tea Partier. It's the economy.

  DC runs on Keynesian macroeconomics:

  Fiscal policy is deficit spending (borrow...

  186,410 views

  freddyferg said:

  @HciSteve Fannie and Freddie never even insured jumbos (houses over $450K) before the crisis. Every single jumbo was non-CRA without exception. The purpose of CRA was to prevent banks from redlining minority areas. And most of those areas by definition never had houses over $450K. Get your facts ...

• freddyferg commented 1 year ago

  9:25 Add to

  Hi, I'm a Tea Partier revisited

  An Xtranormal video about why I'm a Tea Partier. It's the economy.

  DC runs on Keynesian macroeconomics:

  Fiscal policy is deficit spending (borrow...

  186,410 views

  freddyferg said:

  @HciSteve CRA had nothing to do with loan values. What in God's name are you talking about? And yes the Fed is artificially keeping rates low as they have been since Greenspan so what is your point? Low loan rates encourage risk taking on all forms of consumer and commercial loan products.

• freddyferg commented 1 year ago

  9:25 Add to

  Hi, I'm a Tea Partier revisited

  An Xtranormal video about why I'm a Tea Partier. It's the economy.

  DC runs on Keynesian macroeconomics:

  Fiscal policy is deficit spending (borrow...

  186,410 views

  freddyferg said:

  @HciSteve Wrong. The reason that EVERYONE was getting loans at rates they shouldn't have on over valued property is because #1 Alan Greenspan held interest rates too low for too long and #2 Wall Street invented securitization schemes to off load the risk onto investors. ANY OTHER ANALYSIS IS SI...

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freddyferg commented 1 year ago

9:25 Add to

Hi, I'm a Tea Partier revisited

An Xtranormal video about why I'm a Tea Partier. It's the economy.

DC runs on Keynesian macroeconomics:

Fiscal policy is deficit spending (borrow...

186,410 views

freddyferg said:

@Paulsworks Mr. Dodd and Mr. Frank did not create either Mortgage Backed Securities or Collateralized Debt Obligations. If you knew anything at all about the property bust you would know that. In any event, each and every piece of financial regulations issued from 2000-2008 were signed by Presi...

• freddyferg commented 1 year ago

  9:25 Add to

  Hi, I'm a Tea Partier revisited

  An Xtranormal video about why I'm a Tea Partier. It's the economy.

  DC runs on Keynesian macroeconomics:

  Fiscal policy is deficit spending (borrow...

  186,410 views

  freddyferg said:

  @MrTugwit You are demented.

• freddyferg commented 1 year ago

  9:25 Add to

  Hi, I'm a Tea Partier revisited

  An Xtranormal video about why I'm a Tea Partier. It's the economy.

  DC runs on Keynesian macroeconomics:

  Fiscal policy is deficit spending (borrow...

  186,410 views

  freddyferg said:

  @MrTugwit So let me get this straight. The reason that over 50% of the defaults came from non-subprime jumbos and commercial loans is because liberals used the CRA to prevent banks from red lining minority neighborhoods? Are you serious? The CRA didn't force anyone to loan any money to anyone. An...

• freddyferg commented 1 year ago

  9:25 Add to

  Hi, I'm a Tea Partier revisited

  An Xtranormal video about why I'm a Tea Partier. It's the economy.

  DC runs on Keynesian macroeconomics:

  Fiscal policy is deficit spending (borrow...

  186,410 views

  freddyferg said:

  @MrTugwit So let me get this straight. The reason that over 50% of the defaults came from non-subprime jumbos and commercial loans is because liberals use the CRA to prevent banks from red lining minority neighborhoods? Are you serious? The CRA didn't force anyone to loan any money to anyone. ...

• freddyferg commented 1 year ago

  9:25 Add to

  Hi, I'm a Tea Partier revisited

  An Xtranormal video about why I'm a Tea Partier. It's the economy.

  DC runs on Keynesian macroeconomics:

  Fiscal policy is deficit spending (borrow...

  186,410 views

  freddyferg said:

  @MrTugwit So let me get this straight. The reason that over 50% of the defaults cam from non-subprime jumbos and commercial loans is because liberals use the CRA to prevent banks from red lining minority neighborhoods in the first place? Are you serious?

• freddyferg commented 1 year ago

  9:25 Add to

  Hi, I'm a Tea Partier revisited

  An Xtranormal video about why I'm a Tea Partier. It's the economy.

  DC runs on Keynesian macroeconomics:

  Fiscal policy is deficit spending (borrow...

  186,410 views

  freddyferg said:

  @HciSteve You have no idea what you are talking about. You are just another ignorant bigot just like all the other Cracked Teapots who immerse themselves in the 24x7 hour misinformation campaign of Fox "News".

• freddyferg commented 1 year ago

  9:25 Add to

  Hi, I'm a Tea Partier revisited

  An Xtranormal video about why I'm a Tea Partier. It's the economy.

  DC runs on Keynesian macroeconomics:

  Fiscal policy is deficit spending (borrow...

  186,410 views

  freddyferg said:

  @HciSteve You have no idea what you are talking about. You are just another ignorant bigot just like all the other Cracked Teapots who immerse themselves in the 24x7 hour misinformation campaign of Fox "News".

• freddyferg commented 1 year ago

  9:25 Add to

  Hi, I'm a Tea Partier revisited

  An Xtranormal video about why I'm a Tea Partier. It's the economy.

  DC runs on Keynesian macroeconomics:

  Fiscal policy is deficit spending (borrow...

  186,410 views

  freddyferg said:

  @Paulsworks Your parents must be very classy people. I am sure they are proud of you. Thanks for sharing.

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freddyferg commented 1 year ago

9:25 Add to

Hi, I'm a Tea Partier revisited

An Xtranormal video about why I'm a Tea Partier. It's the economy.

DC runs on Keynesian macroeconomics:

Fiscal policy is deficit spending (borrow...

186,410 views

freddyferg said:

@MrTugwit & HciSteve I REPEAT there is a roughly even split between loan classes in default subprime, Alt-A and prime. In fact, over 20% of current defaults are strategic--underwater owners (who can pay) just walk away. And there is another $600B or so in commercial defaults. I don't know why ...

• 9:25 Add to

  Hi, I'm a Tea Partier revisited

  An Xtranormal video about why I'm a Tea Partier. It's the economy.

  DC runs on Keynesian macroeconomics:

  Fiscal policy is deficit spending (borrow...

  186,410 views

  freddyferg said:

  Some of what they are saying is true. Activists in the Fed have been behind virtually every economic boom-bust cycle in my life. At the same time some of this is complete nonsense. The ratio of sub-prime, Alt-A and prime mortgage defaults is more or less equal. People did not get $800K jumbo ...

• 6:48 Add to

  Quantitative Easing Explained

  What the Federal Reserve is up to, and how we got here.

  Created by: Omid Malekan ( http://www.omidmalekan.com )

  5,082,902 views

  freddyferg said:

  @mccabe1958 I am like "the Bernanke" more concerned with deflation than inflation. I simply want to know if QE is driven by an official Fed mission of "full employment" and "managed inflation" or is it driven by unspoken goals of currency devaluation driven export growth and national debt depr...

• 6:48 Add to

  Quantitative Easing Explained

  What the Federal Reserve is up to, and how we got here.

  Created by: Omid Malekan ( http://www.omidmalekan.com )

  5,082,902 views

  freddyferg said:

  @mccabe As my comment suggests I like "the bernanke" am more

• 6:48 Add to

  Quantitative Easing Explained

  What the Federal Reserve is up to, and how we got here.

  Created by: Omid Malekan ( http://www.omidmalekan.com )

  5,082,902 views

  freddyferg said:

  Personally I am against an activist Fed. I believe the Fed has been behind every single boom/bust cycle in my lifetime. I also do not subscribe to quantitative easing. At the same time I do find it odd that there is so little objective discussion of deflation risk. The comparisons between Japan a...

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