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Why we're all here

By iwog   2012 Oct 31, 5:27am   4,796 views   35 comments   watch (0)   quote      

This board became popular because of the extreme stupidity and reckless actions by bankers and Wall Street. They caused a dangerous bubble in real estate, a depression, and financial effects that are still felt today.

When you vote next week, ask yourself if you want to go back to 2008 when the banking system almost failed catastrophically or if you want to move forward with policies championed by Bill Clinton? There is no doubt whatsoever who the banks and Wall Street want elected. Who's side are you on?

#housing

Comments 1-35 of 35     Last »

1   Tenpoundbass   2012 Oct 31, 5:28am     ↑ like (1)   ↓ dislike (2)   quote    

The Note on the bottom debunks the whole premise of your chart.

2   iwog   2012 Oct 31, 5:33am     ↑ like (2)   ↓ dislike (1)   quote    

CaptainShuddup says

The Note on the bottom debunks the whole premise of your chart.

Yup. Employees, owners, and PACs run by owners couldn't possibly have any connections or shared interests with the corporations themselves. I don't know how anyone could make that claim. It's preposterous!

So you're on the side of Goldman Sachs eh? What was that line about the company you keep?

3   Kingshat   2012 Oct 31, 5:44am     ↑ like (2)   ↓ dislike   quote    

They do not care which candidate wins. Either way, they win.

4   iwog   2012 Oct 31, 5:47am     ↑ like   ↓ dislike   quote    

Kingshat says

They do not care which candidate wins. Either way, they win.

You do realize the above chart completely contradicts you right?

5   errc   2012 Oct 31, 6:40am     ↑ like   ↓ dislike   quote    

Goldman sachs gave romney a little less than 1M$ of their monies

How much taxpayer money did obama give goldman sachs? How about romney?

6   FortWayne   2012 Oct 31, 6:46am     ↑ like   ↓ dislike   quote    

Software manufacturers support Obama, while paper shuffling organizations support Mitt.

I always thought they donate to both sides just in case.

7   CL   2012 Oct 31, 7:10am     ↑ like   ↓ dislike   quote    

If I vote for Romney, do you think I can get another chance to load up on stocks when the Market tanks again?

8   iwog   2012 Oct 31, 7:26am     ↑ like (1)   ↓ dislike   quote    

errc says

How much taxpayer money did obama give goldman sachs?

$0.00

Melmakian says

If you are, please provide some real data, not horrendously biased supposition pretending to be such.

I posted real data. How long do you think you can get away with pointing to the sky and yelling "It's green!!" without looking ridiculous?

The top donors to both campaigns is publicly disclosed. Again you're questioning facts by countering them with absolutely nothing.

9   Quigley   2012 Oct 31, 7:34am     ↑ like   ↓ dislike   quote    

Iwog says, "This board became popular because of the extreme stupidity and reckless actions by bankers and Wall Street. It caused a dangerous bubble in real estate, a depression, and financial effects that are still felt today."

I'm pretty sure that Patrick.net did none of those things! It certainly was not the cause of the housing bubble! Not to mention that this website wasn't responsible for a depression!
Unless, of course, you're just using bad grammar. That won't help any in making people to see you as a wise prognosticator. Or a judge of fiscal/political policy.

It's pretty accepted fact that it was the Democrats who pushed for free housing loans for all, securing mortgages through Fannie/Freddie Mac.
Banker scum took it from there and did what they do best.

10   Dan8267   2012 Oct 31, 7:39am     ↑ like   ↓ dislike   quote    

iwog says

Why we're all here

11   iwog   2012 Oct 31, 7:40am     ↑ like   ↓ dislike   quote    

Quigley says

It's pretty accepted fact that it was the Democrats who pushed for free housing loans for all, securing mortgages through Fannie/Freddie Mac.

We've already destroyed this assertion, ripped it to shreds, and left it dying on the side of the road. None of you have ever been about to explain how Democrats caused a housing/banking crisis when Republicans controlled all three branches of government from 2001 until the beginning of 2007.

Just that reality alone makes your assertion absurd, however then you have every single study from the fed and academic sources saying that Fannie and Freddie probably mitigated the crash.

However propaganda never dies and I'm not surprised you're attempting to resurrect it. I guess you're going to jump on board with the banks and Wall Street too. Good luck with that.

12   everything   2012 Oct 31, 7:43am     ↑ like   ↓ dislike   quote    

I'm voting for bank failure, who do I vote for to hasten?

13   errc   2012 Oct 31, 7:47am     ↑ like (2)   ↓ dislike (1)   quote    

I'm here because I'm a whiny little leftist that's all butt hurt cuz my stupid friggin parents are teabaggers

14   Goatkick   2012 Oct 31, 8:13am     ↑ like (1)   ↓ dislike   quote    

I came here for the Housing Crash ... stayed for the chicks

15   Patrick   2012 Oct 31, 8:18am     ↑ like   ↓ dislike   quote    

Goatkick says

I came here for the Housing Crash ... stayed for the chicks

Here you go!

16   Goatkick   2012 Oct 31, 8:21am     ↑ like   ↓ dislike   quote    

Now we're talking ! That's one smart gal

Thanks Patrick !

17   Dan8267   2012 Nov 2, 2:16pm     ↑ like   ↓ dislike   quote    


Goatkick says

I came here for the Housing Crash ... stayed for the chicks

Here you go!

I prefer a blonde chick with a cute pussy.

18   mell   2012 Nov 2, 2:31pm     ↑ like   ↓ dislike   quote    

Not again this graph. Go back to 2008 and you will see that Obama had similar financial backers and numbers as Romney now in 2012. Also, overall the difference is negligible, they are both bought and paid for.

19   mell   2012 Nov 2, 2:36pm     ↑ like   ↓ dislike   quote    

iwog says

errc says

How much taxpayer money did obama give goldman sachs?

$0.00

You can't be serious, it's over 10 billion plus they all got the get out of jail card on top of this. Obama is a big banking & fed shill, there is no other way to spin it.

20   mell   2012 Nov 2, 2:40pm     ↑ like   ↓ dislike   quote    

"This board became popular because of the extreme stupidity and reckless actions by bankers and Wall Street." - stupidity? calculated and organized fraud and we have yet to see a single shill go to prison. And guess what, you don't need any new regulations to do this, just apply the same existing laws that apply to joe sixpack for stealing/embezzling and have some balls instead of blowing the banking cabal.

21   iwog   2012 Nov 2, 3:16pm     ↑ like   ↓ dislike   quote    

mell says

You can't be serious, it's over 10 billion plus they all got the get out of jail card on top of this. Obama is a big banking & fed shill, there is no other way to spin it.

Link?

22   thomaswong.1986   2012 Nov 2, 3:21pm     ↑ like   ↓ dislike   quote    

mell says

"This board became popular because of the extreme stupidity and reckless actions by bankers and Wall Street." - stupidity? calculated and organized fraud and we have yet to see a single shill go to prison.

Seller Trades home for money from the Buyer.. where is the Money... with the Seller..

So why not go after the seller who sold the overpriced home to begin with...

Odd that no one went after the seller of the over priced home...

No lets just blame the banks...

23   iwog   2012 Nov 2, 3:27pm     ↑ like (1)   ↓ dislike   quote    

thomaswong.1986 says

So why not go after the seller who sold the overpriced home to begin with...

Odd that no one went after the seller of the over priced home...

Because the seller wasn't setting the price. The frantic buyers were making large offers over asking. It's pure capitalism and no one but you has ever suggested there is anything wrong with it.

thomaswong.1986 says

No lets just blame the banks...

Yes, lets just blame the banks for throwing all the lending standards out the window, fraudulently marketing debt with a bullshit AAA rating, and unbelievably buying their own bullshit and loading up on bad debt for themselves.

How about we do that?

24   thomaswong.1986   2012 Nov 2, 3:45pm     ↑ like   ↓ dislike   quote    

iwog says

Because the seller wasn't setting the price.

Wow.. an apologist

25   iwog   2012 Nov 2, 3:52pm     ↑ like   ↓ dislike   quote    

thomaswong.1986 says

iwog says

Because the seller wasn't setting the price.

Wow.. an apologist

ROFLOL......I'm apologizing for a seller saying "Ummmm.....okay" to an unsolicited bid to buy a house?

Seriously?

HAHAHAHAHAHAHAHAHAHA! Great job. When did you decide you were a communist?

26   thomaswong.1986   2012 Nov 2, 4:13pm     ↑ like   ↓ dislike   quote    

iwog says

ROFLOL......I'm apologizing for a seller saying "Ummmm.....okay" to an unsolicited bid to buy a house?

Seriously?

HAHAHAHAHAHAHAHAHAHA! Great job. When did you decide you were a communist?

You seemed to forgotten about the Fabled Multiple Offers... put in your highest bid ..

buy now or be priced out forever....?

You do understand the roles and liabilities of the principal–agent relationship ?

of course you do.. but now your pulling up a smoke screen...

Me communist ? ... "Trust but verify - Reagan"

Come on Iwog... who you gonna sue when a owner is trying to sell you shit shack
for a million dollars... in bad faith... what does the law say ?

who are the parties in the contract ?

as the LAW is concerned how you get financing has no bearing on the price you pay for products and services... Its the Law!

27   iwog   2012 Nov 2, 4:50pm     ↑ like (1)   ↓ dislike   quote    

thomaswong.1986 says

You do understand the roles and liabilities of the principal–agent relationship ?

I'm an expert on agency law. A fucking expert and I deal with it nearly every day because lawyers are agents times a thousand. You're on crack if you think the seller of a piece of real estate has an agency obligation to the buyer. None exists, none is implied, and to even try to make that assertion is bloody stupid.

thomaswong.1986 says

Come on Iwog... who you gonna sue when a owner is trying to sell you shit shack
for a million dollars... in bad faith... what does the law say ?

All offers are conditional on inspection, even in 2006. Nice straw man however. You've now magically morphed from "the seller is bad because he accepted an offer that was too high" to "the seller is bad because something might be wrong with the house"

What is your next incarnation going to be? The seller is bad because there might be dragons in the basement? Keep making it up as you go.

thomaswong.1986 says

as the LAW is concerned how you get financing has no bearing on the price you pay for products and services... Its the Law!

This and a buck will get you a McDouble at Mickey D's. I have no idea what this crap means but it has no relevance to your point, my point, or the conversation. YOU SAID the seller should be blamed for agreeing to sell an overpriced (in your omnipotent opinion) home. I have no fucking clue why you thought financing was relevant, but it's not.

28   curious2   2012 Nov 2, 5:54pm     ↑ like   ↓ dislike   quote    

E-man says

US Government donate to Obama?

Read the Note. It says very clearly that the organizations themselves did not donate, rather the money came from people affiliated with them. I really wish people would read more, the world would be a better place.

29   tatupu70   2012 Nov 3, 12:31am     ↑ like   ↓ dislike   quote    

Quigley says

It's pretty accepted fact that it was the Democrats who pushed for free housing loans for all, securing mortgages through Fannie/Freddie Mac.

You mean it's a pretty well established and propagated lie from the Right. Glad to see you're helping the cause for them.

Keep spreading the Propaganda! Well done.

30   mell   2012 Nov 3, 2:36am     ↑ like   ↓ dislike   quote    

thomaswong.1986 says

mell says

"This board became popular because of the extreme stupidity and reckless actions by bankers and Wall Street." - stupidity? calculated and organized fraud and we have yet to see a single shill go to prison.

Seller Trades home for money from the Buyer.. where is the Money... with the Seller..

So why not go after the seller who sold the overpriced home to begin with...

Odd that no one went after the seller of the over priced home...

No lets just blame the banks...

I am talking about mortgage fraud like robosigning and letting/encouraging people to lie about their income so that the deal can get done though they would not qualify otherwise. I am also talking about selling labeled 'AAA' securities, MBS etc., KNOWING that they are junk grade and calling them pieces of crap in internal memos/emails, as well as betting against their client the instant the deal was done. I don't care about blame, I want them to be prosecuted to the full extend of the law. If you also want to prosecute a homebuyer who lied about their income, no issues with that. Instead of going to jail, they got a bailout! How fucked up this that? What a banana republic.

31   mell   2012 Nov 3, 2:40am     ↑ like   ↓ dislike   quote    

iwog says

mell says

You can't be serious, it's over 10 billion plus they all got the get out of jail card on top of this. Obama is a big banking & fed shill, there is no other way to spin it.

Link?

http://www.walletblog.com/2009/07/aig-acts-as-conduit-taxpayers-get-nothing/

"For the ones that are still not convinced, let us look at Goldman Sachs and its position concerning AIG. AIG paid out $13 billion bailout money to cover its CDS obligations to Goldman Sachs. Actually, taxpayers paid Goldman Sachs, AIG just acted as a conduit."

32   iwog   2012 Nov 3, 2:52am     ↑ like   ↓ dislike   quote    

E-man says

1) Why the hell did the US Government donate to Obama? Isn't that the taxpayers' money?

Political action committees that take donations from government employees. It's understandable that they wouldn't want to elect someone who wants to cut trillions out of the federal government. This total doesn't represent any public money.

E-man says

2) Didn't the banisters donate a lot of money to Obama in 2008? What made them jump ship?

That's an excellent question and I suspect it is because of the new banking regulations and the CFPB. Romney wants to free up banks again and abolish the CFPB. Obama wasn't nearly as bank friendly as they had hoped.

33   iwog   2012 Nov 3, 2:53am     ↑ like   ↓ dislike   quote    

The Professor says

Porn star?

I'm only a porn star in my spare time.

34   bdrasin   2012 Nov 3, 2:58am     ↑ like   ↓ dislike   quote    

iwog says

The Professor says

Porn star?

I'm only a porn star in my spare time.

Don't laugh. Duck porn is an extremely profitable niche market.

35   iwog   2012 Nov 3, 2:58am     ↑ like   ↓ dislike   quote    

bdrasin says

Don't laugh. Duck porn is an extremely profitable niche market.

You have no idea!

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