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Your Site Tuning Left Wing Loony!


By RonD   Follow   Wed, 19 Oct 2011, 10:44am PDT   1,269 views   23 comments
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Dear Patrick.net:

Your blog is turning into a left wing democratic blog or blob. Big mistake! While there is plenty of blame to go around, you will loose your credibility! Example; Elizabeth Warren, who your web site it touting, put together a 2,300 page financial reform bill responsible for hundreds of thousands of jobs being wiped out. (When you factor all the trade jobs in construction & home remodel, this job number goes into the millions.) I was a mortgage broker and they (The Democratic bureaucracy builders) have wiped us out with enough regulation to kill everything except, the to big to fail biggest banks and companies. The Democrats always say there were for the little guys. (I was a democrat) They are now worse than the Republicans. Obama & his czars & top people are wall street & Golden Sacks people. Come election day, allot of us (former Democrats) will vote these worthless parasites out!!

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corntrollio   Wed, 19 Oct 2011, 10:47am PDT   Share   Quote   Permalink   Like   Dislike     Comment 1

RonD says

put together a 2,300 page financial reform bill responsible for hundreds of thousands of jobs being wiped out. (When you factor all the trade jobs in construction & home remodel, this job number goes into the millions.)

Proof please.

I don't believe you were ever a Democrat. You are making highly implausible claims that do not indicate that you were.

Anyway, no surprise that a noob interloper is here to throw around insults -- will you ever even post again? Probably not. If you're not willing to make the site better, you're the problem, not the solution.

Patrick   Wed, 19 Oct 2011, 11:21am PDT   Share   Quote   Permalink   Like   Dislike     Comment 2

Hundreds of thousands of jobs being wiped out? Millions?

Who exactly is losing credibility here?

Perhaps mortgage brokers should be wiped out. They simply don't have any motive to benefit their own customers. They're probably not going to get repeat business anyway, so their sole motive is to their customers into as much debt as possible. More debt = more income for mortgage brokers.

Democrats are definitely also owned by the corporations, but Republicans absolutely bend over and take it with pleasure from their corporate owners.

bob2356   Wed, 19 Oct 2011, 11:24am PDT   Share   Quote   Permalink   Like   Dislike (2)     Comment 3

Millions of jobs have been wiped out by legislation that was just passed last summer? Really? Are you sure? It's not even fully implemented yet.

Silly me, I though the collapse of the housing market and construction industry had something to do with the financial crash in 2008.

TPB   Wed, 19 Oct 2011, 11:50am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 4

RonD says

Your blog is turning into a left wing democratic blog or blob. Big mistake! While there is plenty of blame to go around, you will loose your credibility! Example; Elizabeth Warren, who your web site it touting, put together a 2,300 page financial reform bill responsible for hundreds of thousands of jobs being wiped out. (When you factor all the trade jobs in construction & home remodel, this job number goes into the millions.) I was a mortgage broker and they (The Democratic bureaucracy builders) have wiped us out with enough regulation to kill everything except, the to big to fail biggest banks and companies. The Democrats always say there were for the little guys. (I was a democrat) They are now worse than the Republicans. Obama & his czars & top people are wall street & Golden Sacks people. Come election day, allot of us (former Democrats) will vote these worthless parasites out!!

Tenpoundbass is that you?

elliemae   Wed, 19 Oct 2011, 11:51am PDT   Share   Quote   Permalink   Like   Dislike     Comment 5

bob2356 says

Silly me, I though the collapse of the housing market and construction industry had something to do with the financial crash in 2008.

That's where you're wrong. The housing market and construction industry collapsed due to the powers that be knowing that Obama would be president someday.

RonD says

Example;...you will loose your credibility...who your web site it touting...everything except, the to big to fail biggest banks and companies...Golden Sacks people...allot of us...

Perhaps your professional failure has something to do with your lack of ability to communicate.

I believe, however, that your professional failures in recent years has more to do with lax lending practices combined with overinflated housing prices, fraud and greed than it does with a Democratic administration that was voted into office long after the shitstorm started.

TPB   Thu, 20 Oct 2011, 2:33am PDT   Share   Quote   Permalink   Like   Dislike     Comment 6

elliemae says

I believe, however, that your professional failures in recent years has more to do with lax lending practices combined with overinflated housing prices, fraud and greed than it does with a Democratic administration that was voted into office long after the shitstorm started.

Barney Frank has been in office, since before the Flock of Seagulls were in the top ten on the radio.

Barney Frank
Member of the U.S. House of Representatives
from Massachusetts's 4th district
Incumbent
Assumed office
January 3, 1981

http://en.wikipedia.org/wiki/Barney_Frank

iwog   Thu, 20 Oct 2011, 2:59am PDT   Share   Quote   Permalink   Like   Dislike     Comment 7

RonD says

Your blog is turning into a left wing democratic blog or blob. Big mistake! While there is plenty of blame to go around, you will loose your credibility! Example; Elizabeth Warren, who your web site it touting, put together a 2,300 page financial reform bill responsible for hundreds of thousands of jobs being wiped out. (When you factor all the trade jobs in construction & home remodel, this job number goes into the millions.) I was a mortgage broker and they (The Democratic bureaucracy builders) have wiped us out with enough regulation to kill everything except, the to big to fail biggest banks and companies. The Democrats always say there were for the little guys. (I was a democrat) They are now worse than the Republicans. Obama & his czars & top people are wall street & Golden Sacks people. Come election day, allot of us (former Democrats) will vote these worthless parasites out!!

Another rant devoid of support or examples. The right wing nuts in this country do not have an ideology. They have a religion and nothing but dogma to support it.

iwog   Thu, 20 Oct 2011, 3:00am PDT   Share   Quote   Permalink   Like   Dislike     Comment 8

The GOP says

Barney Frank has been in office, since before the Flock of Seagulls were in the top ten on the radio.

Barney Frank isn't responsible for any of this.

Huntington Moneyworth III, Esq   Thu, 20 Oct 2011, 4:01am PDT   Share   Quote   Permalink   Like (1)   Dislike (1)     Comment 9

RonD says

. Come election day, allot of us (former Democrats) will vote these worthless parasites out!!

Voting is for pussies. Buy your politicians like a real man.

corntrollio   Thu, 20 Oct 2011, 8:34am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 10

The GOP says

Barney Frank has been in office, since before the Flock of Seagulls were in the top ten on the radio.

Yes, and Barney Frank is Supreme Dictator of the United States and rules as an autocrat, obviously.

elliemae   Thu, 20 Oct 2011, 10:32am PDT   Share   Quote   Permalink   Like   Dislike     Comment 11

Huntington Moneyworth III, Esq says

Voting is for pussies. Buy your politicians like a real man.

That's sexist and I must take exception. How's about "Direct your man to purchase your politicians like a real woman?"

Had to say it.

mdovell   Thu, 20 Oct 2011, 11:05am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 12

I'm no supporter of Rep Frank but one rep out of the hundreds that exist is nothing. You have to pass bills and pass them in committees.

¥   Tue, 25 Oct 2011, 4:14am PDT   Share   Quote   Permalink   Like (1)   Dislike (1)     Comment 13

mdovell says

You have to pass bills and pass them in committees.

The Dems were in the minority 1995-2006.

The minority in the House can do exactly jack shit wrt effecting legislation.

They can raise a stink on occasion, and failing to do such was the Dem's central fault -- they certainly did not cover themselves in glory opposing the Republican serial screw-ups 1996-2006.

Vote on the Iraq war excepted -- the Dem caucus in the House actually voted that down. That was brave, considering the domestic gestalt at the time.

CL   Tue, 25 Oct 2011, 4:47am PDT   Share   Quote   Permalink   Like   Dislike     Comment 14

Where are those old job postings soliciting help for the AstroTurf campaigns? Seems apropos.

thunderlips11   Tue, 25 Oct 2011, 6:18am PDT   Share   Quote   Permalink   Like   Dislike     Comment 15

RonD says

I was a mortgage broker and they (The Democratic bureaucracy builders) have wiped us out with enough regulation to kill everything except, the to big to fail biggest banks and companies.

ROTFL. If it wasn't for those meddlesome kids, I would have gotten away with more NINJA loans! And kept the KISS mask.

PockyClipsNow   Tue, 25 Oct 2011, 7:00am PDT   Share   Quote   Permalink   Like   Dislike     Comment 16

I sure hate mortgage brokers.

But its a level playing field, we are all free to become a mortgage broker, realtor, etc.

Patrick   Tue, 25 Oct 2011, 9:56am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 17

CL says

Where are those old job postings soliciting help for the AstroTurf campaigns? Seems apropos.

Lots of examples here:

http://en.wikipedia.org/wiki/Astroturfing

iwog   Tue, 25 Oct 2011, 10:21am PDT   Share   Quote   Permalink   Like (1)   Dislike (1)     Comment 18

thunderlips11 says

ROTFL. If it wasn't for those meddlesome kids, I would have gotten away with more NINJA loans! And kept the KISS mask.

Exactly.

zzyzzx   Thu, 27 Oct 2011, 5:47am PDT   Share   Quote   Permalink   Like   Dislike     Comment 19

iwog says

Barney Frank isn't responsible for any of this.

Barney Frank is partially responsible since he is one of the ones who promoted the idea of giving essentially insolvent people home loans.

http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fingerprints_are_all_over_the_financial_fiasco/

Frank's fingerprints are all over the financial fiasco

The roots of this crisis go back to the Carter administration. That was when government officials, egged on by left-wing activists, began accusing mortgage lenders of racism and "redlining" because urban blacks were being denied mortgages at a higher rate than suburban whites.

The pressure to make more loans to minorities (read: to borrowers with weak credit histories) became relentless. Congress passed the Community Reinvestment Act, empowering regulators to punish banks that failed to "meet the credit needs" of "low-income, minority, and distressed neighborhoods." Lenders responded by loosening their underwriting standards and making increasingly shoddy loans. The two government-chartered mortgage finance firms, Fannie Mae and Freddie Mac, encouraged this "subprime" lending by authorizing ever more "flexible" criteria by which high-risk borrowers could be qualified for home loans, and then buying up the questionable mortgages that ensued.

All this was justified as a means of increasing homeownership among minorities and the poor. Affirmative-action policies trumped sound business practices. A manual issued by the Federal Reserve Bank of Boston advised mortgage lenders to disregard financial common sense. "Lack of credit history should not be seen as a negative factor," the Fed's guidelines instructed. Lenders were directed to accept welfare payments and unemployment benefits as "valid income sources" to qualify for a mortgage. Failure to comply could mean a lawsuit.

As long as housing prices kept rising, the illusion that all this was good public policy could be sustained. But it didn't take a financial whiz to recognize that a day of reckoning would come. "What does it mean when Boston banks start making many more loans to minorities?" I asked in this space in 1995. "Most likely, that they are knowingly approving risky loans in order to get the feds and the activists off their backs . . . When the coming wave of foreclosures rolls through the inner city, which of today's self-congratulating bankers, politicians, and regulators plans to take the credit?"

iwog   Thu, 27 Oct 2011, 6:00am PDT   Share   Quote   Permalink   Like   Dislike     Comment 20

zzyzzx says

Barney Frank is partially responsible since he is one of the ones who promoted the idea of giving essentially insolvent people home loans.

Again you resurrect this bullshit. Again I will offer you indisputable proof that the CRA had NOTHING WHATSOEVER TO DO WITH THE MORTGAGE CRISIS and in fact CRA and CRA banks probably mitigated subprime failures in low income buyers. Again you will ignore everything in favor of propaganda.

Why do you have so much contempt for the truth?

I doubt you'll read it, but here it is again. It's not an op ed piece, it's a scientific study by the Dallas federal reserve. BTW the Dallas federal reserve has EVERY reason to want to pin this on the CRA and deflect blame away from the banking system. They did not:

http://dallasfed.org/ca/bcp/2009/bcp0901.cfm

You see that little 6% number? That's the ENTIRE percentage of CRA subprime loans made to low income households. 94% of subprime loans were not connected to the CRA in any way. Furthermore 0% of alt-A loans were low income CRA loans.

Now you have two honorable choices here. You can either attempt to refute this evidence, or you can admit you are incorrect. I seriously hope you don't take the third choice which is to leave the thread, continue believing trash, and preach the same old lie the next time it comes up.

What are you going to do?

corntrollio   Thu, 27 Oct 2011, 6:05am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 21

iwog says

You see that little 6% number? That's the ENTIRE percentage of CRA subprime loans made to low income households. 94% of subprime loans were not connected to the CRA in any way. Furthermore 0% of alt-A loans were low income CRA loans.

Also, those 6% CRA traditional subprime loans have lower default rates than ALt-A loans (which are called subprime by the media, which confuses people).

Anyone who insists the CRA caused the housing bubble is trying to sell you an ideological story. No surprise that it fails upon any minimal scrutiny.

iwog   Thu, 27 Oct 2011, 6:16am PDT   Share   Quote   Permalink   Like   Dislike     Comment 22

corntrollio says

Also, those 6% CRA traditional subprime loans have lower default rates than ALt-A loans (which are called subprime by the media, which confuses people).

This is absolutely correct. It's astounding how propaganda through the Heritage Foundation and Newscorp brainwashed so many people when all the facts are so easy to obtain.

Patrick   Thu, 27 Oct 2011, 10:39am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 23

iwog says

It's astounding how propaganda through the Heritage Foundation and Newscorp brainwashed so many people when all the facts are so easy to obtain.

Facts are irrelevant. Most people think they look at the evidence and make a decision, but they don't. Actually, they make a decision they like and then look for evidence that supports it.

The Heritage Foundation and Newscorp just have to tap into that by associating two things:

1. things people have already decided
2. things that are good for the ultra-rich

Say that people have decided that Obama must be the Antichrist, because a black man with a Muslim name could never become president unless he's the Antichrist, right?

The Heritage Foundation and Newscorp will say "Yes! You are absolutely right. You're so smart to figure it out! And the way to foil Obama's evil plan and save the world is to vote for these candiates." And the candiates will uniformly support shifting taxes away from the ultra-rich and onto those very people who have decided that Obama is the Antichrist.

Not really brainwashing. Just brilliant manipulation of bitter angry people.

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