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  1. #101  
    Senior Member malloc's Avatar
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    Quote Originally Posted by Satanicus View Post
    How did the government cause our major banks to gamble our nation into a massive reccession ?
    Learn to use the search button.

    http://www.conservativeunderground.c...58&postcount=7

    From this thread:

    http://www.conservativeunderground.c...ghlight=Fannie

    Why do you constantly demonstrate that you are just another economically uneducated fool chasing the bust instead of examining the boom?

    Quote Originally Posted by Satanicus View Post
    And if I recall , it was government who showed up and SAVED THE BANKS , the government WAS the solution , and they did it for less than they estimated.
    The government didn't save the banks, they prolonged the problem. If the entities that ran their businesses into the ground had failed and been liquidated, this recession wouldn't last nearly as long. Investment banks go broke, they liquidate their assets to more responsible companies in better financial positions. Instead the government throws good money after bad because politicians can do that, and look like they are doing something, or they can do nothing and actually improve the situation.





    Quote Originally Posted by Satanicus View Post
    The problem is our banks were not regulated enough , the regulations were relaxed and they went nuts with our money , the government had to come in and save them all.

    How soon we forget , business OWES the government for saving it's ass with socialism.
    Maybe you should go back and read Fannie Mae and Freddie Mac's 2007 10K filing. FNM and FMCC were regulated. Regulated right into taking huge risks with huge sums of money. You can read can't you? You can google can't you? Read the damned documents where they spell out exactly what kind of risks of they were taking, and exactly what HUD expected them to do about it.


    Quote Originally Posted by Satanicus View Post
    LOL , The Community Reinvestment Act happened in 1977

    It only took 30 years to implode.

    Take a bow genius
    The funny thing is, you don't even know how stupid you look making these kinds of statements. The Fair Housing Act may be 30 years old, but that's all that happens after a law is passed right? Nothing ever changes, it's set in stone right? Your idiotic flailing about may be amusing, but you should probably study up on the Act, plus it's 1988 amendments which gave HUD regulatory control over low-income housing levels at FNM and FMCC. You know nothing about this do you?



    Quote Originally Posted by Satanicus View Post
    Forget it.

    that idiot doesn't understand that if you remove the profit margin , the price gets cheaper.

    A car sells for $5000 to the auto dealer , he sells it to a CU member for $8000 and takes home a $3000 profit.

    If the auto dealer removes his profit of $3000 from the price , the CU member would get the same $8000 car for $5000.

    This idiot doesn't even understand that $5000 is smaller than $8000.

    The ignorance is mindblowing.

    Oh really? This is how it would work huh? Tell me. Who exactly would open a car dealership if not for the profit motive? Who would produce the cars knowing they wouldn't get profit in return? I'd hate to tell you, but if the profit incentive were removed, CU members would not be buying a car $5,000. We wouldn't have any cars to buy.
    "In England a king hath little more to do than to make war and give away places; which in plain terms, is to impoverish the nation and set it together by the ears. A pretty business indeed for a man to be allowed eight hundred thousand sterling a year for, and worshipped into the bargain! Of more worth is one honest man to society and in the sight of God, than all the crowned ruffians that ever lived."
    —Thomas Paine, Common Sense
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  2. #102  
    Senior Member Constitutionally Speaking's Avatar
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    Quote Originally Posted by Satanicus View Post
    Did I post something wrong ?

    The info is accurate.

    the GOP prefere Obamacare over an outside policy like we have to buy.
    It is a RARE thing when you post anything even close to accurate.
    I long for the days when our President actually liked our country.
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  3. #103  
    Senior Member Zathras's Avatar
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    Quote Originally Posted by Wei Wu Wei View Post
    must you sperg out in every single thread about this issue?
    Thought you were going to put me on ignore Wee Wee. I'm just asking Stupidicus a question that he refused to answer.
    Solve a man's problem with violence and help him for a day. Teach a man how to solve his problems with violence, help him for a lifetime - Belkar Bitterleaf
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  4. #104  
    Senior Member Constitutionally Speaking's Avatar
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    Quote Originally Posted by Satanicus View Post
    How did the government cause our major banks to gamble our nation into a massive reccession ?
    They guaranteed the loans and they purchased them. Essentially removing the risk from those loans. In addition they set in place laws that helped to FORCE risky loans to be made - or face lawsuits and "community activists" who would intimidate them and protest out side their homes.



    And if I recall , it was government who showed up and SAVED THE BANKS , the government WAS the solution , and they did it for less than they estimated.[/QUOTE]

    That was OUR money. Not the governments. - In addition, claiming the government saved the banks is similar to the fireman who "saved" the little old lady from her burning house - after HE started the fire.




    Quote Originally Posted by Satanicus View Post
    The problem is our banks were not regulated enough , the regulations were relaxed and they went nuts with our money , the government had to come in and save them all.
    It was the regulations and government interference that caused the bad loans to be made in the first place you moron.
    I long for the days when our President actually liked our country.
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  5. #105  
    Senior Member Constitutionally Speaking's Avatar
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    Also, when you get off your time out, Satanicus.





    If we have positive growth in GDP and jobs ... and members of CU say we are heading in the worng dicretion , then negative growth MUST be the right direction.
    You need to explain how losing over 3 million jobs is in ANY way positive growth.


    The FACT of the matter is that there are 3 million LESS people employed than when Obama took over.
    I long for the days when our President actually liked our country.
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  6. #106  
    Power CUer NJCardFan's Avatar
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    Quote Originally Posted by Constitutionally Speaking View Post
    Also, when you get off your time out, Satanicus.







    You need to explain how losing over 3 million jobs is in ANY way positive growth.


    The FACT of the matter is that there are 3 million LESS people employed than when Obama took over.
    You needed to read my old sig to understand stupidicus math. I'll repost it for you:

    Johnny has 10 apples. I take all of Johnny's apples. I feel bad and give him 2 apples back. According to Stupidicus, Johnny just had positive apple growth.
    The Obama Administration: Deny. Deflect. Blame.
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