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Old May 10th, 2018, 03:27 PM   #11
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Originally Posted by tristanrobin View Post
America haters?

More dishonesty and deceit from our resident Christian representative.
I'm starting to think he makes Jesus cry even more than TNV.
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Old May 10th, 2018, 03:35 PM   #12
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Ohhhhh JEEEEEEEEZUZ !!!!!! Dodd-Frank WASN'T PASSED UNTIL AFTER THE MELT DOWN !!!!!! July 2010 to be specific. Maybe YOU should do some fucking home work !!!!!

The melt down was caused by the Graham Leach Bliliey act, AKA the Banking Modernization Act of 1999. Now listen very carefully here, REPULICANS CONTROLLED BOTH HOUSES OF CONGRESS IN 1999. All of the bills main sponsors were REPUPUBLICANS. And yes I know Clinton signed the stupid thing so he shares the blame too.

What the bill did was almost completely DEREGULATE the banking industry. It allowed them to set up a system that COMPLETELY DIVORCED those making the initial home loans from those that would buy that debt and try to collect on those loans.

So the people making the loans DID NOT CARE and were under NO LEGAL OBLIGATION to verify ANYTHING. If you had a pulse and job, THEY'D LOAN YOU ALMOST ANYTHING YOU WANTED. WHY ?? Because they KNEW they were going to resell that loan and they would never need to worry about collecting more than three payments. I bought a house in 2002. One of the papers I had to sign was a notice that my loan WOULD BE RESOLD. They gave me a "temporary" payment book that only had three payment coupons in it. TWO WEEKS later I get a letter saying make my payment to this company and address !!!

I bought a repo in 2013, got a hell of steal on it. But it had sat empty for FOUR YEARS !! Why you ask ?? Because the system was SOOOO FUCKED UP, it took lawyers and accountants 3 1/2 years to FIGURE OUT WHO ACTUALLY OWNED IT !! The owner had died and stopped making payments back in late 2008 or early 2009. It took 3 1/2 years to figure out who actually held the mortgage. Only then could they start the actual legal process of foreclosing on the house.

By the time my step daughter got divorced she found out her husband hadn't made a house payment in months. He left and they got divorced. She continued to live there for well over a year, FREE, waiting for someone to send her a notice to get out. She finally left when she got a decent job in the next town and needed to move. It was a few month after that before she finally received a notice of foreclosure.

The BIGGEST culprits in the housing market crash were the bankers themselves. They KNOWINGLY and WILLINGLY made millions of loans to people THEY KNEW DID NOT QUALIFY. Then, to make matters worse, they shoved the vast majority of those people into a sub prime loan. They'd make the loan then two years later, even though interests HAD FALLEN, they JACKED UP THE INTEREST RATES on all those sub primes hoping to force people into refinancing so they could recover their money and do it all over again with new victims. 95% of the loans that defaulted were written in 2003 or later !!!! Most of them defaulted in the third year AFTER their interest rates were jacked.

Sadly 60% of those people ACTUALLY QUALIFIED for a fixed rate conventional loan, but WERE NEVER TOLD by their realtors or mortgage brokers. If they had had fix rate loans, most would NOT have defaulted and the house crash would have been more of a much less painful market correction.

Dodd Frank was an attempt to restore some oversight and accountability BACK in the baking industry. The GOP has been trying to remove what few teeth it has ever since. They want to DEREGULATE AGAIN so another group of highly educated morons can rape us all over again.

I was in a business meeting four years ago. Care to GUESS what the HOT NEW, guaranteed to make us all rich new finance program was ?????

SUB-PRIME AUTO LOANS !!!!!!!!!!!!!!!!!!!!!!! I had to bite my tongue to keep from howling with laughter at this moron with an MBA (probably making 4 times my salary) telling us this was how were going to grow !!!! I REALLYT wanted to ask him if they had learned NOTHING from the housing market crash ??? NOW they want to do the same thing to the automobile market ????
For most of his career, Barney Frank was the principal advocate in Congress for using the government's authority to force lower underwriting standards in the business of housing finance. Although he claims to have tried to reverse course as early as 2003, that was the year he made the oft-quoted remark, "I want to roll the dice a little bit more in this situation toward subsidized housing." Rather than reversing course, he was pressing on when others were beginning to have doubts.

Frank and Dodd's tinkering with the CRA forced lending institutions to make a quota of bad loans that certainly contributed to the mortgage crisis, the primary cause of crisis was Frank and Dodd's push to reduce mortgage buying standards at Fannie Mae and Freddie Mac, who provide liquidity to mortgagees by buying the loans they (the mortgagees) make to the public.
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Old May 10th, 2018, 03:37 PM   #13
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Oh GEEZZ he isn't referring to DODD FRANK bill

he is referring to DODD FRANK the Senator and Congressman that BLOCKED LEGISLATION that would have prevented the meltdown (or made it less of a meltdown)
Careful the America haters do not like the truth.
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Old May 10th, 2018, 03:37 PM   #14
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Originally Posted by Braveheart View Post
Because it is good for America, let the Lying begin! My prediction is it will something along the lines of yeah look what Obummer did.

https://www.theblaze.com/news/2018/0...early-20-years

For the first time since the Bureau of Labor Statistics began tracking job openings, the number of available positions was essentially equal to the number of unemployed people at the end of March, according to a report released Wednesday.

The job report revealed that, as of the end of March, there 6.55 million advertised job openings and 6.59 million unemployed Americans, leaving 1.01 job openings for every unemployed worker.

For context, there were approximately 6.6 unemployed workers for every available job in 2009.

More from the report

The unemployment rate has dropped below 4 percent for the first time since 2000, and over the past three months, businesses have added about 208,000 jobs per month, CNN Money reported.

The America haters are awfully quiet, you will vote for trump next election just admit it.

You think this is good news, but it's not. We do not have qualified and skilled workers in this nation to work the good paying jobs. Trump is cancelling a VISA program to get foreign workers with the skills in here, since our republican congress doesn't believe in Americans going to college. With Trump stopping that, these companies will be forced to go overseas to get qualified help.

For the first time in forever, over 70% of Americans have no degrees beyond high school. This makes us one of the stupidest advanced nations in the world.
70% of Americans don't have college degree, Rick Santorum says | PolitiFact
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Old May 10th, 2018, 03:39 PM   #15
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Originally Posted by TNVolunteer73 View Post
No the economy has been stagnant the Great Recession ended in 2009 according to Obama, That was BUSH'S BUDGET right... ...

The Economy is just now beginning to recover and outpace inflation.

That is why the Fed is having to increase interest rates, to SLOW DOWN GROWTH.
Not really. WAges are stagnant, housing sales are falling along with car sales, gasoline prices are rising and food prices are going up. That's not a success story.

https://www.wsj.com/articles/trump-t...ays-1474257662
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Old May 10th, 2018, 03:42 PM   #16
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Originally Posted by TNVolunteer73 View Post
Oh GEEZZ he isn't referring to DODD FRANK bill

he is referring to DODD FRANK the Senator and Congressman that BLOCKED LEGISLATION that would have prevented the meltdown (or made it less of a meltdown)
Well, if you believe Trump's lies.

https://www.thebalance.com/dodd-fran...rm-act-3305688

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The Trump administration has been advocating changes since February 3, 2017. But Dodd-Frank probably can’t completely go away. That’s because hundreds of Dodd-Frank rules have been integrated into international banking agreements. But Republicans are loosening its regulations within the United States.

Trump claims Dodd-Frank keeps banks from lending more to small businesses. But the Act targets large banks. They have consolidated and grown since the 2008 financial crisis. Small businesses are more likely to borrow from small banks, not big banks. The biggest impediment to small banks is the low-interest rate climate that's prevailed since the financial crisis. It lowers their profitability.

Trump's cabinet members say that banks no longer need the extra rules and supervision. They argue that the banks have enough capital to withstand any crisis. But banks are only so well-capitalized because of Dodd-Frank.
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Old May 10th, 2018, 03:43 PM   #17
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AND you lie again and again. No wonder you LOVE Trump the liar and fornicator.

I did not say low unemployment was BAD. I said it has its own share of challenges and WHY doesn't it surprise me that you have NO IDEA what I'm talking about.

You slander people all day, every day on DTT and then claim to be one of God's chosen people and support one of the most unChristian MEN who has ever graced the Oval Office--a liar, a cheater, an adulterer, a coveter, a thief---a man who worships false idols ($$$)--a man who goes to church at Christmas and Easter (just for show)--a man who bears false witness.....but you think he's just GREAT.

HYPOCRITE.
I get it sweetie you hate Trump, and God. Please share a post where I slandered anyone, in fact because this is a lie, you just slandered me, bravo.

This is about how well the economy is doing because of Trump. You supported Hillary the Biggest liar to ever run For President, a long time Washington insider liar, so get off your soap box. You also support homosexuality, and see no issue with it, and defend the practice regardless of it being an abomination, Gods words not mine, while I am not afraid to tell the truth, not enabling the sinners but showing them the error of their way.
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Old May 10th, 2018, 03:46 PM   #18
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Originally Posted by LongWinded View Post
You think this is good news, but it's not. We do not have qualified and skilled workers in this nation to work the good paying jobs. Trump is cancelling a VISA program to get foreign workers with the skills in here, since our republican congress doesn't believe in Americans going to college. With Trump stopping that, these companies will be forced to go overseas to get qualified help.

For the first time in forever, over 70% of Americans have no degrees beyond high school. This makes us one of the stupidest advanced nations in the world.
70% of Americans don't have college degree, Rick Santorum says | PolitiFact
We need skilled trade workers, welders, electricians, builders, not more worthless college degrees, unless it's medical.
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Old May 10th, 2018, 03:46 PM   #19
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Originally Posted by Braveheart View Post
I get it sweetie you hate Trump, and God. Please share a post where I slandered anyone, in fact because this is a lie, you just slandered me, bravo.

This is about how well the economy is doing because of Trump. You supported Hillary the Biggest liar to ever run For President, a long time Washington insider liar, so get off your soap box. You also support homosexuality, and see no issue with it, and defend the practice regardless of it being an abomination, Gods words not mine, while I am not afraid to tell the truth, not enabling the sinners but showing them the error of their way.
Show some links to how good the economy is. Let's see that stats. Let's see how many got raises. How long do the tax cuts for 3% of the middle class last? Because the tax cuts to the rich are permanent. Let's see you back up your claim with facts.
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Old May 10th, 2018, 03:48 PM   #20
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Originally Posted by Braveheart View Post
We need skilled trade workers, welders, electricians, builders, not more worthless college degrees, unless it's medical.
Because? What professionals do you see in research for cures and in space and in the ecology of our world? What of teachers? We don't have skilled trades in this nation, either. We have a shortage of workers. Are you seeing the dire straits we are in?

https://www.forbes.com/sites/emsi/20...-workers-ages/
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