Your Site Tuning Left Wing Loony!


By RonD   Follow   Wed, 19 Oct 2011, 5:44pm   1,216 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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  1. corntrollio


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    1   5:47pm Wed 19 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    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.

  2. Patrick


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    2   6:21pm Wed 19 Oct 2011   Share   Quote   Permalink   Like   Dislike   Protected  

    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.

  3. bob2356


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    3   6:24pm Wed 19 Oct 2011   Share   Quote   Permalink   Like   Dislike (2)  

    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.

  4. TPB


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    4   6:50pm Wed 19 Oct 2011   Share   Quote   Permalink   Like   Dislike (1)  

    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?

  5. elliemae


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    5   6:51pm Wed 19 Oct 2011   Share   Quote   Permalink   Like   Dislike   Protected  

    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.

  6. TPB


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    6   9:33am Thu 20 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    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

  7. iwog


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    7   9:59am Thu 20 Oct 2011   Share   Quote   Permalink   Like   Dislike   Protected  

    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.

  8. iwog


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    8   10:00am Thu 20 Oct 2011   Share   Quote   Permalink   Like   Dislike   Protected  

    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.

  9. Huntington Moneyworth III, Esq


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    9   11:01am Thu 20 Oct 2011   Share   Quote   Permalink   Like (1)   Dislike (1)  

    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.

  10. corntrollio


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    10   3:34pm Thu 20 Oct 2011   Share   Quote   Permalink   Like   Dislike (1)  

    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.

  11. elliemae


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    11   5:32pm Thu 20 Oct 2011   Share   Quote   Permalink   Like   Dislike   Protected  

    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.

  12. mdovell


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    12   6:05pm Thu 20 Oct 2011   Share   Quote   Permalink   Like   Dislike (1)  

    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.

  13. ¥


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    13   11:14am Tue 25 Oct 2011   Share   Quote   Permalink   Like (1)   Dislike (1)  

    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.

  14. CL


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    14   11:47am Tue 25 Oct 2011   Share   Quote   Permalink   Like   Dislike  

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

  15. thunderlips11


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    15   1:18pm Tue 25 Oct 2011   Share   Quote   Permalink   Like   Dislike   Protected  

    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.

  16. PockyClipsNow


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    16   2:00pm Tue 25 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    I sure hate mortgage brokers.

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

  17. Patrick


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    17   4:56pm Tue 25 Oct 2011   Share   Quote   Permalink   Like   Dislike (1)   Protected  

    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

  18. iwog


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    18   5:21pm Tue 25 Oct 2011   Share   Quote   Permalink   Like (1)   Dislike (1)   Protected  

    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.

  19. zzyzzx


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    19   12:47pm Thu 27 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    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?"

  20. iwog


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    20   1:00pm Thu 27 Oct 2011   Share   Quote   Permalink   Like   Dislike   Protected  

    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?

  21. corntrollio


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    21   1:05pm Thu 27 Oct 2011   Share   Quote   Permalink   Like   Dislike (1)  

    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.

  22. iwog


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    22   1:16pm Thu 27 Oct 2011   Share   Quote   Permalink   Like   Dislike   Protected  

    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.

  23. Patrick


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    23   5:39pm Thu 27 Oct 2011   Share   Quote   Permalink   Like   Dislike (1)   Protected  

    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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