MoveOn.org - Conservative Counter-Protest - Nov 13, 2009
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Uploader Comments (2DumbKidsVideo)
All Comments (72)
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@zenbrenzz Wow. Good one.
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@2DumbKidsVideo How's about f'ing off, Sarah Palin
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@zenbrenzz Ya, facts are overrated I guess. I should just start "feeling" my way through life.
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keep trying dumbazz..u know what i say is true.."me think he doth protest too much"
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@zenbrenzz In fact, the late Senator Robert Byrd (D) recruited more than 150 members for the KKK . And the democrat platform to this day, continues to keep minorities and low skilled workers poor. (I can go into great detail).
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@zenbrenzz You might want to study up on voting records and the platforms while you're researching economics too. You might be interested to know that the KKK was founded by Democrats. The Republicans freed the slaves (Lincoln). They also upheld the Dred Scott Decission (return freed slaves to south), Japanese Internment Camps, Margret Sanger (D) admittedly created planned parenthood to eliminate the black races, Native American Removal Acts, and voted against all of the Civil Rights acts.
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force banks and all the banks cried "no we don't want to do these loan" hahahaa :D give me a break...
Darusdei 1 year ago
@Darusdei Yes, in some instances banks were forced to loan under threat of litigation. However, what I generally refer to as "force" is actually probably more along the lines of "encouragement". (cont).
2DumbKidsVideo 1 year ago
@2DumbKidsVideo Essentially what Fannie and Freddie did, with the use of many different vehicles (IE: The 40 Year Mortgage), was guarantee banks / mortgage companies that they would buy up any loan regardless of that loans risk, which in turn encouraged banks to lend to buyers that had little probability of repaying the loan, borrowers that the banks would never have lent to in an unregulated free market to begin with.
2DumbKidsVideo 1 year ago
@2DumbKidsVideo Basically the government said to the banks... "don't worry, we'll bail you out if you fail"... and they did. So why would banks have any incentive to lend responsibly. It's like parents buying a kid a new car after that kid gets a DUI. What incentive does the child have to act responsibly if he knows his parents are going to bail him out all the time? Only in this situation it's worse, because the parents (IE: gov) is buying the kids (banks) beer.
2DumbKidsVideo 1 year ago