Smoking Guns wrote:

That is incorrect.. Fannie Mae was VERY much involved....  They helped push up demand for housing in the low end of the market making subprime loans more attractive to other institutions as housing prices rice steadily.  They bought 25% of the 272.81 billion in subprime mortgage back securities in 2006, 35.3% in 2005 and 44% in 2004.  They were a big player..

You started off talking about the community reinvestment act. I addressed that. You then answered me with Fannie Mae-which isn't the same thing. However there is no connection between the two. In addition it's private lenders who gave out the bulk of subprime loans. The private lenders were not beholden to any government regulation or oversight. These private mortgage lenders were propped up with hedge fund money in most cases. As soon as these loans were issued, they were sold off to be repackaged by Wall Street.  Once they were repackaged into securities, the agencies gave them AAA ratings (to me one of the biggest offenses.) Those crappy security bundles were then sold to retirement pensions around the country and world. After a certain point the same people selling them (Goldman Sachs for instance) began to short them. All of this is just a segment of what was going on with Wall Street preceding the crash.

It's just one more cheap lie hustled from the right, so everybody would blame "poor people" for the crash instead of Wall Street. How anybody could fall for something so ridiculous and transparent is beyond me. Reminds me of my asshole cousin who said the same thing during the crash. Guess he couldn't take responsibility for the 8 homes and one condo he lost in south Florida. Of course he blamed it on everybody but himself. Can't say I felt sorry for him...

Smoking Guns wrote:

You friend is wrong. Fannie Mae and Freddie Mac were involved and were part of the game but were not the sole reason.

Again, do you think Dodd/Frank is about oversight for Fannie Mae? Or Wall Street? Hello???

If you aren't aware, the Republicans want to get rid of that. Lifting regulations on Wall Street once again so they can be free to partake in more fuckery, risky loans, CDOs and OTC derivatives. It will probably be one of the first things (in theory) that Trump does. Give Wall Street free range to run riot.

mitchejw wrote:

PaSnow wrote:

So I'm surprised Steve Bartman never made an appearance?!  I woulda thought he'd be given a hero's welcome in forgiveness.

Actually...it's kind of funny...

they talked about it a few times along the ways of the playoffs...

apparently he was invited and the whole purpose was to make amends...I think most people in Chicago want to make amends with Bartman...that was a sad display.

Apparently they've been inviting him for years and he always declines. He says he just wants to be left alone.

I can't blame the guy. The way he was treated was completely unacceptable. I'd give them a great big FU too if I were him. Buckner was able to make amends with Red Sox fans after they finally won, but that was nearly 2 decades later. He was forced out of town and had to move his family to Iowa. And he was a player. Bartman was just a fan who did what many fans would, and did do in that very moment. Yet he became the reason they lost. He had to be ushered out by security that night for his own safety. He received death threats and had to move and go into hiding pretty much. I'd want absolutely nothing to do with the Cubs after that. I'm sure he stills roots for them, but in private. I'd probably find it difficult to even do that much.

So I'm surprised Steve Bartman never made an appearance?!  I woulda thought he'd be given a hero's welcome in forgiveness.

mitchejw wrote:

http://www.forbes.com/sites/janetnovack … 1e4632a43f

nice tax cuts for himself....dismantling as much of obamacare as possible...doesn't sound good

Tax cuts across the board, and repealing and replacing Obama care with single player insurance. You obviously haven't done much research beyond what the establishment wants you to think

Anyone upset because "Hitler" won the election needs to be dehypnotized. Read this. http://blog.dilbert.com/post/1529985168 … your-brain