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| TRUMP 2024 (Page 16/59) |
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olejoedad
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JAN 19, 02:38 PM
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Winston Churchill said it back in 1947.
I attributed it to eric holder, but you are correct, it was rahm emmanuel who plagiarized Mr. Churchill
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BingB
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JAN 19, 06:58 PM
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Do you honestly believe stuff like this?
"The 2008 economic emergency crested on September 7, with the near collapse of the home mortgage industry.
Obama took office on January 20, 2009, more than four months after the meltdown. In that interim, the officials had finally restored financial confidence and plotted a course of economic recovery."
Do you not remember what happened in early 2009?
On January 22, the four largest U.S. banks had lost half of their value since January 2.
The two-month period from January 1-February 27 represented the worst start to a year in the history of the S&P 500 with a drop in value of 18.62%.
By March 2, the Dow Jones Industrial Average Index had dropped more than 50% from its October 2007 peak.
By March 9, 2009, the Dow had fallen to 6,500, a percentage decline exceeding the pace of the market's fall during the Great Depression.
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olejoedad
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JAN 19, 09:00 PM
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Hmmm.
BingB v VDH?
It's not even a contest - you loose.
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82-T/A [At Work]
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JAN 19, 09:11 PM
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| quote | Originally posted by BingB:Do you honestly believe stuff like this?
"The 2008 economic emergency crested on September 7, with the near collapse of the home mortgage industry.
Obama took office on January 20, 2009, more than four months after the meltdown. In that interim, the officials had finally restored financial confidence and plotted a course of economic recovery."
Do you not remember what happened in early 2009?
On January 22, the four largest U.S. banks had lost half of their value since January 2.
The two-month period from January 1-February 27 represented the worst start to a year in the history of the S&P 500 with a drop in value of 18.62%.
By March 2, the Dow Jones Industrial Average Index had dropped more than 50% from its October 2007 peak.
By March 9, 2009, the Dow had fallen to 6,500, a percentage decline exceeding the pace of the market's fall during the Great Depression. |
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Lol... how short-sighted. I'm not here to defend President Bush, because I won't. But the housing crisis happened (it's been well accepted), because of the changes that Barney Frank and others on the Housing Commission pushed to HUD, specifically, the *requirement* for banks to offer a certain number of sub-prime mortgages to people who absolutely NEVER in a million years would have qualified for a mortgage. You had millions of people buying the most expensive home they could get, which again... they'd never have qualified for in a million years. These were all balloon payments, with variable interest rates, and they all got screwed. Democrats blamed the banks, the banks kept their mouth shut so Bush would give them TARP, but everyone knew what caused it... and it was repeatedly talked about in the media.
Here's an article from the Ultra-Liberal Atlantic talking about it: https://www.theatlantic.com...using-crisis/249903/
Now, I'm not going to do a back and forth with you about how I feel about it, or whether I think it's fair, or what would poor people do, I don't know... don't care.
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ray b
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JAN 19, 10:56 PM
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is there any nut con delusion you do not believe in totally and completely ?
flippers not the poor killed the home values
that and it was a house of cards over valued
eazy to see why they fall for the rump cult hot air and empty claims
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olejoedad
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JAN 20, 08:53 AM
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| quote | Originally posted by ray b:
is there any nut con delusion you do not believe in totally and completely ?
flippers not the poor killed the home values
that and it was a house of cards over valued
eazy to see why they fall for the rump cult hot air and empty claims
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You crack me up with your off the wall BS hatred for truth.
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ray b
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JAN 20, 09:28 AM
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| quote | Originally posted by olejoedad:
You crack me up with your off the wall BS hatred for truth. |
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cult are never about truth
alt-facts are not truth
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olejoedad
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JAN 20, 10:41 AM
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| quote | Originally posted by ray b:
cult are never about truth
alt-facts are not truth |
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You are the leader of the cult of hatred for truth.
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ray b
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JAN 20, 02:06 PM
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| quote | Originally posted by olejoedad:
You are the leader of the cult of hatred for truth. |
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no just a member who is very very tired of the rump cult and their lying leader
any one not deluded knows there is nothing good in a cult esp the rump cult
and the head of the cult is a lying SoB
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BingB
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JAN 20, 02:20 PM
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| quote | Originally posted by 82-T/A [At Work]:
Lol... how short-sighted. I'm not here to defend President Bush, because I won't. But the housing crisis happened (it's been well accepted), because of the changes that Barney Frank and others on the Housing Commission pushed to HUD, specifically, the *requirement* for banks to offer a certain number of sub-prime mortgages to people who absolutely NEVER in a million years would have qualified for a mortgage. You had millions of people buying the most expensive home they could get, which again... they'd never have qualified for in a million years. These were all balloon payments, with variable interest rates, and they all got screwed. Democrats blamed the banks, the banks kept their mouth shut so Bush would give them TARP, but everyone knew what caused it... and it was repeatedly talked about in the media.
Here's an article from the Ultra-Liberal Atlantic talking about it: https://www.theatlantic.com...using-crisis/249903/
Now, I'm not going to do a back and forth with you about how I feel about it, or whether I think it's fair, or what would poor people do, I don't know... don't care. |
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I was not talking about the cause of the crisis. I was talking about the claim that it had been fixed by the time Obama took office. And the claim that it was Obama who "used the crisis" to pass massive federal spending bills.
BTW Lehman Bros and AIG did not collapse because they held bad mortgages. They went broke because lack of regulation allowed them to issue credit default swaps without any funds to back them up.
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