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indigenous
2014 Oct 8, 11:52am
Bill Moyers is not an unimpeachable source of information.
The problem is the FED period. The inequality is from inflation period.
What is the solution? There isn't one the country WILL fail.
HydroCabron
2014 Oct 8, 11:54am
The problem is the FED period. The inequality is from inflation period.
Menstruation jokes are not funny. Period.
I didn't know there was a Rothbard/Mises coloring book - nifty!
indigenous
2014 Oct 8, 11:59am
BenghazebolaHusseinCabronObama says
I didn't know there was a Rothbard/Mises coloring book. Nifty!
Shut up mutt
turtledove
2014 Oct 8, 12:59pm
And the government paved the way. You don't see how complicit our government has been?
indigenous
2014 Oct 8, 1:03pm
You don't see how complicit our government has been?
Bingo, although I have brought it up many times not once has anyone said they see the difference between crony and regular. Not one single time.
CRA had nothing to do with the MBS. CRA had nothing to do with subprime lending. Private lenders did not meet with leaders of Freddie and Fannie.
Repeat Repeatedly:
Chart Caption:
Value of mortgage-backed security issuances in $USD trillions, 1990-2009. (source: sifma statistics, structured finance)
indigenous
2014 Oct 8, 3:33pm
and once again when asked directly, is there a difference between crony and regular?
Repeat frequently: Rubin did not work closely with Clinton on increasing MBS.
Repeat - Repeat - Repeat:
http://www.businessweek.com/articles/2012-09-19/rethinking-robert-rubin#p4
Repeat: Rubin did not leave the Clinton administration to go to work for Citibank to work on MBS and collaterizaiton of Subprime Debt.
Repeat - Repeat - Repeat.
Businessweek:
"In the runup to the financial crisis, Citigroup was a leader in packaging risky mortgages by the billions and selling them to investors in the form of mortgage-backed securities and collateralized-debt obligations, as well as leveraged-buyout loans, and tried to hide much of what it was doing by packaging the securities into off-balance-sheet investment partnerships. In a November 2008 story, Eric Dash of the New York Times reported that, starting in late 2002, Rubin and Chuck Prince, then the head of Citi’s investment bank (and later its CEO), advocated ratcheting up the risk-taking at Citigroup, using strategies from Rubin’s days as head of risk arbitrage and co-head of fixed income at Goldman Sachs. In the end, bank losses totaled more than $65 billion—at least half of which came from mortgage-related securities.
Bigsby
2014 Oct 8, 4:06pm
How about protecting all of the rights?
Except those of parents of murdered children apparently.
indigenous
2014 Oct 8, 4:08pm
and once again when asked directly, is there a difference between crony and regular?
Chart Caption:
Value of mortgage-backed security issuances in $USD trillions, 1990-2009. (source: sifma statistics, structured finance)
So CRA=MBS and CRA=Subprime? Really? Read much actual news? The village voice article was crap. A bunch of he said she said junk with absolutely nothing to back it up. The closest I saw to anything about CRA was the oblique statement that the increase in MBS may have been "partly in response" to hud rules. May have been partly in response? That certainly mets a high evidentiary bar. Not. Maybe the village voice should have tried looking up some numbers, like the actual percentage of CRA loans. Nah, why would reporters do boring research when they can just say maybe this is why. After reading such garbage I skipped the other two articles you posted. I'm sure I didn't miss anything.
indigenous
2014 Oct 9, 12:49am
Once again the CRA was connected through a change in the banking culture that allowed the lower standards to find their way to regular loans, not just sub prime. Once again here is the link explaining how this works. Not that one of you mutts will listen.
http://www.schiffradio.com/pg/jsp/verticals/archive.jsp?dispid=310&pid=66345
justme
2014 Oct 9, 1:16am
corporations buy the government
So the government is little bo peep in this matter?
No, but you are blaming "the government" for doing what the electorate told them to do. Working class men who vote Republican and thereby enable corporations to control our government, they are indeed sheep like little bo peep, going to the slaughterhouse.
There is a self-serving and rationalizing meme in right-wing circles that democrats are just as bad when it comes to crony capitalism as republicans are. In fact democrats are not that way intrinsically, but all the nutters that are voting republican are pushing the democrats in the direction of corporate donors because politicians, just like anyone else, are afraid of losing their jobs.
If Democrats would stop alienating men with their crazy brand of feminism, and working class men would stop voting for the corporations, this country would not be the corporate-fascist economic and political disaster that it currently is.
This means that people have to start voting for the right kind of candidates in the primary elections, since our election systems make a viable third party impossible in practice.
indigenous
2014 Oct 9, 1:33am
No, but you are blaming "the government" for doing what the electorate told them to do.
No, the government is not a monolith. The corruption is aerosol, IOW it is spread tacitly from one individual to the next. It is called co-opting
And yes the Rs are as guilty as the Ds.
The prescription is there is none it is terminal.
If any attempt were to be made it would have to be through an education in economics on a large scale. BTW it has been done in Canada through the then finance minister Paul Martin who did a fantastic job in changing Canada's finance.
Beyond that I would look at a deductive prescription not a inductive one. IOW state nullification of Fed laws, severe reworking of the 10th and 17th amendment. The problem is this has been going on since Lincoln, look at what he did with states rights, and supreme court justice John Marshall.
Once again here is the link explaining how this works. Not that one of you mutts will listen.
No matter how many times you repeat it bullshit is bullshit.
If Democrats would stop alienating men with their crazy brand of feminism,
and working class men would stop voting for the corporations, this country would
not be the corporate-fascist economic and political disaster that it currently
is.
Poor whites voting against their self interest are not doing it because of "dems and feminism" but rather because of latent/innocuous race conflict that has not been resolved yet because of "tribal warfare." And all "tribes" are culpable in their own way.
No matter how many times I repeat it bullshit is bullshit
We noticed that with you. Why do you do that?
How would you have the vaguest clue what is bullshit?
MisdemeanorRebel
2014 Oct 9, 4:57am
If any attempt were to be made it would have to be through an education in economics on a large scale.
indigenous
2014 Oct 9, 9:03am
No matter how many times you repeat it bullshit is bullshit.
not that you have read any of it
indigenous
2014 Oct 9, 9:07am
If any attempt were to be made it would have to be through an education in economics on a large scale.
By the way you characterize basic economics in this post is indicative of you well you understand it.
Here is a picture of you as a student in your highschool economics class:
If Democrats would stop alienating men with their crazy brand of feminism,
and working class men would stop voting for the corporations, this country would
not be the corporate-fascist economic and political disaster that it currently
is.
Poor whites voting against their self interest are not doing it because of "dems and feminism" but rather because of latent/innocuous race conflict that has not been resolved yet because of "tribal warfare." And all "tribes" are culpable in their own way.
Affirmative action policies embraced by liberals and Dems alienates poor whites who come out on the short end of the stick.
http://billmoyers.com/segment/restoring-america-lost-way/?utm_source=General+Interest&utm_campaign=04fb1cb5b2-Midweek10081410_8_2014&utm_medium=email&utm_term=0_4ebbe6839f-04fb1cb5b2-168372325