patrick.net

larrypatrickmaloney says

So how can Patrick on one hand point out the corrupt actions of many of the elites (who are mostly socialists) yet BLAME conservatives (or republicans)?

What killed us 2004-2006 was not the subprime people, it's the all the refis and cash-outs that both gave us a fake economy and allowed us to run up the total household debt to $14T.

Ditech. Countrywide. Wamu. These people were set free by our CEO president and the deregulation people that he put back into oversight positions over the mortgage industry.

Conservatives were FULLY in charge of all branches of government when this happened.

Unfortunately, this BS ideology was exposed for what it was and the wheels came off in late 2007, partially prompted by Greenspan pushing mortgage rates back up over 6%.

I even have a pretty chart to demonstrate this to you.

http://research.stlouisfed.org/fred2/series/HHMSDODNS

And a picture. See any "socialist elites" here?

Krugman, describing this picture:

"The truth is that that’s not at all what happened. The various regulators actually did quite well at acting in a coordinated fashion. Unfortunately, they coordinated in the wrong direction.

"For example, there was a 2003 photo-op in which officials from multiple agencies used pruning shears and chainsaws to chop up stacks of banking regulations. The occasion symbolized the shared determination of Bush appointees to suspend adult supervision just as the financial industry was starting to run wild.

"Oh, and the Bush administration actively blocked state governments when they tried to protect families against predatory lending."

The bubble was just a sequel on another bad economic blow up, the S&L crisis, which had similar antecedents thanks to St Reagan's administration and its deregulation preference if not outright regulatory capture.

marcus says

larrypatrickmaloney says

Dobb, Frank, Reid even Pelosi can be identified as partners in crime on what they have done.

Hmm. You wouldn’t by any chance be a staunch republican would you ? Pretty good read on my part if I do say so.
I know, I know. The whole thing was caused by the politicians who fought for affordable housing and the housing gses. That was the big cause.
The big mortgage players, (countrywide etc) and all those that profited from the selling of mortgage backed securities, the entire unregulated derivatives market, the shadow banking system, errors in monetary policy to keep an economy up that needed to be in recession, the credit ratings agencies (moodys etc), these were all incidental to the real cause,… that is, the socialist elite.

Macus,

The legislatures created the opportunity for exploitation and corruption. The Barney Franks of the world AND the bad bankers as well. They run hand in hand.

Nomograph says

shrekgrinch says

Hey Nomo! Wanna tag team with me to give therapy here a harsh lesson?

Sure. Lets start out with the Dirty Sanchez, then move on to a Bucking Bronco. We can finish up with an Eiffel Tower.

Why don't we all do a "Let's pop Nomo's mom in the backside and make a newer, improved Nomo 2" that's not such a raging jerk-off, like the current broken version.

LOL. I win. You lose. Because you're a self-indulgent psychopath, That's just how it goes.

Amen.

I am kinda in agreement with this post. I know I like Patrick but the liberal agenda and any political agenda should be prohibited on this forum. Most if not all of want housing news. Especially since I know many of us donated money to this site.

Another thought........I could give a flying you know what about they are doing in Australia and England in regards to housing. I wont even read it. It just look like you are trying to fill in some spots. I don't know about anybody else but I find nothing on those new articles interesting.

Now politically I am interested in those countries.........like England is being over run with radicals Muslims and the Aussies are throwing them out.........

JohnAlexander says

I am interested in those countries………like England is being over run with radicals Muslims

ewww icky poo, like the evil baroness in Chitty Chitty Bang Bang would say, icky childen. Too icky for Cool and Hip 'Friscans. No wonder some say 'Frisco is the "most European" city in the USA. Our European cousins are apparently as Cool and Hip as our Friscans, too Cool and Hip for children (or religion) in their lives, so they're in demographic decline. Except for their Muslim communities, which are growing and producing Islamic Europeans.

It is only a matter of a few generations before the European Union will be the Islamic European Union.

JohnAlexander says

I could give a flying you know what about they are doing in Australia and England in regards to housing. I wont even read it. It just look like you are trying to fill in some spots. I don’t know about anybody else but I find nothing on those new articles interesting.

Cool beans. But I'd like to add that, since I don't live in Calif, I'd like Patrick to limit the links to those that are applicable across the entire U.S. I can forgive if Alaska or Hawaii are left out because one is separated from us by another country and the other one is in the middle of the ocean - so they don't count. But links that apply specifically to California are an affront to the rest of us "US Americans" (ode to Miss South Carolina).

JohnAlexander says

I know I like Patrick but the liberal agenda and any political agenda should be prohibited on this forum. Most if not all of want housing news. Especially since I know many of us donated money to this site.

Another valid point. When I donated my dollar, I bought & paid for Patrick's undying devotion to meeting my own personal preferences. I am a Lib, and therefore request that no links to any faux news outlet be posted on this forum ever again. I'm cool with Huffington Post, tho.

While we're at it, I'd like those links to the NAR propaganda to stop completely. Even if they're posted to be ironic, they still bother me in the same way that ads for escort services do - both promote prostitution-like services but neither actually say it out loud. People just end up paying for getting screwed and come away feeling empty inside.

I'm Jewish, so nothing posted by the Christian Science Monitor, please.

I take exception to links with videos, unless there's a gorgeous man in there somewhere. This is a personal request for no other reason than a little eye candy makes me a cappy hamper.

Bill Jack says

Why don’t we all do a “Let’s pop Nomo’s mom in the backside and make a newer, improved Nomo 2″ that’s not such a raging jerk-off, like the current broken version.
LOL. I win. You lose. Because you’re a self-indulgent psychopath, That’s just how it goes.
Amen.

Oh, and please don't allow any posts that end in "Amen." That's a clear violation of the separation of church and state (please refer to my request about everything being applicable in all the states in US America, above).

I do believe that I'll soon have other requests, because my dollar (literally) came with strings attached and I lack the ability to simply not click on something for which I have little or no interest.

Patrick,

You are starting again with the liberal biased articles. “Wealth distribution”, “Health Relief… ”

Go Patrick, Go!!!!!!

Love this site.

pw says

Patrick,
You are starting again with the liberal biased articles. “Wealth distribution”, “Health Relief… ”
Go Patrick, Go!!!!!!
Love this site.

pw: By posting your support of liberal-biased articles, you're allowing the terrorists to win, komrade.

We'll have your id card delivered to you - don't worry, we know where you live. ;)

larrypatrickmaloney,

I just had a brilliant idea that will allow you to remain ignorant of the other sides viewpoint.

Don't click on the link.