-
We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.
Clinton blames Democrats for financial crisis
- Thread starter XMan
- Start date
BladeVenom
Lifer
No. Neither he nor his wife are running for office now, so he's just being honest.
Each party has their own hand in this mess. Republicans dont like any regulation because they are stridently free market capitalists, and we see what kind of mess that can cause. Democrats wanted looser lending standards so they can score some points with a voting base, and Bush went right along since he could claim to have the highest rate of minority home ownership in history. As un-PC as it is to admin, minorities have lower home ownership for a reason. The credit numbers dont lie.
Vic
Elite Member
Did the chocolate ration go up again?
I don't recall that the Republicans were strict market regulators. I guess when you're re-writing history.
We all know the partisan hacks want to point fingers, but the sad truth is that this situation was the result of a 'perfect storm' and there is plenty of blame to going around on all sides.
I don't recall that the Republicans were strict market regulators. I guess when you're re-writing history.
We all know the partisan hacks want to point fingers, but the sad truth is that this situation was the result of a 'perfect storm' and there is plenty of blame to going around on all sides.
LegendKiller
Lifer
Funny. Since when did the GSE's issue CDO, CDO^2, and CDO^2, while using SIVs to hide the shit? Since when did the GSEs use FAS140 or FIN46 to hide it all?
Hmmm, something is missing from this equation.
Could it be, that the GSEs weren't the majority of the problem? Could it be that lack of SEC, OTC, OCC, FASB, Fed, and Treasury regulations and oversight, of thrifts, banks, public companies, investment banks, and insurance agencies (wrap providers like ABK or MBIA, or CDS providers like AIG).
Could it be that we allowed banks to fuck up again be eliminating Glass-Steagall and deregulating under the Republicans?
Nope, it's all the GSEs. Sorry, no logic exists here.
Hmmm, something is missing from this equation.
Could it be, that the GSEs weren't the majority of the problem? Could it be that lack of SEC, OTC, OCC, FASB, Fed, and Treasury regulations and oversight, of thrifts, banks, public companies, investment banks, and insurance agencies (wrap providers like ABK or MBIA, or CDS providers like AIG).
Could it be that we allowed banks to fuck up again be eliminating Glass-Steagall and deregulating under the Republicans?
Nope, it's all the GSEs. Sorry, no logic exists here.
Thump553
Lifer
FNMA and Freddie Mac have nothing to do with the derivatives and other specious paper issued by Wall Street that needs the current proposed $700B bailout.
And I wouldn't characterize FNMA and Freddie Mac as being caused by Democrats or Republicans, per se, the lack of effect oversight was caused by money, pure and simple. Politicians of both parties were bought and paid for by lobbyists. FNMA and Freddie Mac were experts in that field.
Desptie the rights's unswerving efforts to blame this on Clinton (like everything else bad), that's an overly simplistic view. There is plenty of blame to go around. This adminstration's antagonism towards regulation and putting anti-regulation people in charge of the agencies involved was the final, and fatal step.
And I wouldn't characterize FNMA and Freddie Mac as being caused by Democrats or Republicans, per se, the lack of effect oversight was caused by money, pure and simple. Politicians of both parties were bought and paid for by lobbyists. FNMA and Freddie Mac were experts in that field.
Desptie the rights's unswerving efforts to blame this on Clinton (like everything else bad), that's an overly simplistic view. There is plenty of blame to go around. This adminstration's antagonism towards regulation and putting anti-regulation people in charge of the agencies involved was the final, and fatal step.
Guys, the Democrats resisted some regulations to help the poor more, and that caused problems. The Republicans irresponsibly passed legislation that repealed Depression-era laws that would have helped prevent this. Clinton signed that ridiculous law. Bush sat on his ass for 7 years and did nothing, joining with some Democrats to resist further regulation.
The thing is that all of this information has been out here, and has been gone over repeatedly. Are you people so blind as to ignore it just so you can better point fingers? Stop being idiots about it, there were tons of things that could have prevented this, and none of them were done due to a combination of apathy, political pandering, ideological blindness, etc.
The thing is that all of this information has been out here, and has been gone over repeatedly. Are you people so blind as to ignore it just so you can better point fingers? Stop being idiots about it, there were tons of things that could have prevented this, and none of them were done due to a combination of apathy, political pandering, ideological blindness, etc.
The democrats' efforts to help the poor were a decision made with the price known and chosen for the good it would do. It's a far cry from out of control deregulation to allow ever more aggressive schemes to be created to mile more and more profits by pushing money around, more and more leveraged.
I suspect the policies to help the poor are nothing but a scapegoat to divert attention.
CellarDoor
Golden Member
The reason I don't think Clinton is out to sabotage Obama is because he was doing the same crap to Hillary during her campaign. He just says what he thinks, for better or worse.
blackangst1
Lifer
In the Freddie/Fannie fiasco, GOP warned of impending doom in 2005, and it was the DEMS who blocked the GOP attempt to put MORE regs in place. I suggest you take a look at bill is S.109.
I thought this was common knowledge?
Even God can't help McCain's poll numbers at this point.
Pew Research did a study on the "cell phone effect" on polling, and found that Obama gains 2-3 points in the national trackers when cell phone numbers are included by the pollsters.
Pew Research did a study on the "cell phone effect" on polling, and found that Obama gains 2-3 points in the national trackers when cell phone numbers are included by the pollsters.
blackangst1
Lifer
See bill S.109.
Don't forget the fact that the White House also opposed this bill. Anyone trying to argue that Republicans were somehow trying to provide the regulation that would have prevented this are being ludicrously dishonest. They passed some of the very legislation that enabled this mess, and they tried to pass some legislation that would have eased it. Whoopie.
It doesn't change who they are fundamentally... even McCain hasn't been able to pull that lie off.
blackangst1
Lifer
mmmkay....doesnt change the facts GOP *tried* to avert this disaster and the Dems blocked it. Had the Senate gotton enough BI-partison support, the white house's opposition would have been orrelevant. But this new crop of senators cant see beyond their own party to do ANYTHING to help us (BOTH sides of the aisle). That facts are the facts.
GSEs Freddie and Fannie are market? GSE = govt sponsored entity. By reigning in on FRE and FNM they tried to go back to market roots.
regardless that was not what caused this crap. it was the toxic crap that contagioned itself into the "good" loans. i-banking gone wild. drunken sailors with rigged dice.
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 25K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 24K
-
-
