would life be better or worse if your favored political party took complete control?

[IronWing]

Banks only made crappy loans because gov A) forced them to and B) said they would have their backs.

Prove it. Post a single, verified instance of the government forcing a bank to make a loan to an unqualified borrower. We've been hearing this claim for years now. So far, no one making the claim has been able to back it up. The banks made those loans out of pure greed and stupidity.

 

[Matt1970]

Maybe because the unemployed usually don't have access to affordable healthcare? Cobra for a family of 4 could easily wipe out any unemployment benefits.

Right, when people don't have a job and can't afford their rent, when they really need is to be forced to buy health insurance.

 

[Vic]

Right, when people don't have a job and can't afford their rent, when they really need is to be forced to buy health insurance.

But I thought they were all getting "free stuff?" Are you saying that isn't so?

 

[Vic]

Democrats were the ones who removed Glass–Steagall (Clinton) and instituted Community Reinvestment Act (CRA) which put ACORN and like groups in power to have influence over banks. Thats where the no credit, no money down subprime fiasco began. Banks only made crappy loans because gov A) forced them to and B) said they would have their backs.

For a while Bush was also dopey with the "home ownership society" but they realized a problem was brewing and tried to fix things. Dems blocked it.

Obama didnt fix anything. His approach to economic recovery was like throwing a drowning man a bag of bricks. He forced onerous regulations (EPA etc), Obamacare etc.


''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

Barney Frank 2003
New Agency Proposed to Oversee Freddie Mac and Fannie Mae


http://www.nytimes.com/2003/09/11/b...ed-to-oversee-freddie-mac-and-fannie-mae.html

Buddy, I've been a mortgage banker for my entire adult life (25 years now, I'm 43) and I fucking hate this bullshit propaganda lie like you couldn't possibly imagine.

 

[ivwshane]

When all you are fed for your whole life is shit soup, you get posters like this guy trying pass off his shit like it's caviar. No one wants your soup buddy

Democrats were the ones who removed Glass–Steagall (Clinton) and instituted Community Reinvestment Act (CRA) which put ACORN and like groups in power to have influence over banks. Thats where the no credit, no money down subprime fiasco began. Banks only made crappy loans because gov A) forced them to and B) said they would have their backs.

For a while Bush was also dopey with the "home ownership society" but they realized a problem was brewing and tried to fix things. Dems blocked it.

Obama didnt fix anything. His approach to economic recovery was like throwing a drowning man a bag of bricks. He forced onerous regulations (EPA etc), Obamacare etc.


''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

Barney Frank 2003
New Agency Proposed to Oversee Freddie Mac and Fannie Mae


http://www.nytimes.com/2003/09/11/b...ed-to-oversee-freddie-mac-and-fannie-mae.html

 

[Fenixgoon]

while i wouldn't classify "independents" as a singular political entity (since it appears to be anything that's not democrat or republican), i think we would be far better off with congressmen from the independent parties.

 

[soundforbjt]

Democrats were the ones who removed Glass–Steagall (Clinton)

Who authored the Act to remove Glass-Steagall?
I thought it was Gramm, Leach, & Bliley all republicans.

You say it was the Dems?

 

[kongrui]

Political party are working as if they have the full control. How much more worst it could be?

 

[Matt1970]

Who authored the Act to remove Glass-Steagall?
I thought it was Gramm, Leach, & Bliley all republicans.

You say it was the Dems?

Well it certainly wasn't Bush.

 

[brianmanahan]

Political party are working as if they have the full control. How much more worst it could be?

that is a deep question

how much more worst, indeed