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Anonymous

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Cobblestones said:
They might be talking about Fannie & Freddie and title their piece 'housing crisis', but that's akin to not seeing the forest because of all the trees.

The decline in the housing market would not have brought Lehman, AIG etc. over the edge if they hadn't over-leveraged their bets in the gigantic (meaning 100 times bigger) derivatives market.

That leverage created a situation so unstable that even a small correction in the market could bring some of the world's largest financial companies to/across the edge of bankruptcy.

If you want to argue that evil minorities together with a socialist government conspired to bring the whole financial sector down by collectively defaulting on what everybody called 'NINJA' loans, you're very welcome. Nobody here should confuse that with reality, though. The ones to blame are the 'experts' who created the instability in the first place.

The decline in the housing market would not have brought Lehman, AIG etc. over the edge if they hadn't over-leveraged their bets in the gigantic (meaning 100 times bigger) derivatives market.

That leverage created a situation so unstable that even a small correction in the market could bring some of the world's largest financial companies to/across the edge of bankruptcy.
That's not the case the article is making. Only you are tying this together.

If you want to argue that evil minorities together with a socialist government conspired to bring the whole financial sector down by collectively defaulting on what everybody called 'NINJA' loans, you're very welcome. Nobody here should confuse that with reality, though. The ones to blame are the 'experts' who created the instability in the first place
The highlighted words are disappointing.

If you had read the article you would have determined the point to be the Obama admin is being more aggressive with the CRA than even Clinton. That loans are intentionally were/are being made to people who have no way to pay the loan back. That deleted information from a often cited study regarding 'racist' lending practices were actually sound underwriting fundementals that were discarded.

Now, the article put forth either true information or false information. I was hoping to debate that. Too much to hope for apparently.
 
May 13, 2009
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rhubroma said:
For the US the great travesty lies in the fact that it recognizes how its unwavering support of the Jewish State has become increasingly unpopular before a global community, which obviously feels that the Palestinian debacle has gone way past it's expiration date.

In this sense, America, allong with the economic downturn and military fiascoes, has further affirmation of its decline in global leadership and, therefore, inability to mold the world after its own image and liking.
It is very simple. As long as Florida is considered an important swing state in presidential elections, AIPAC will reign supreme in US foreign politics. Just remember the NY 9th Congressional District special election (to replace Weiner) where the (catholic) republican candidate won against the (jewish) democratic candidate partly on issues concerning Israel (pretty ironic, but there you go).

It is clear that Abbas has done excellent diplomatic work (most recently in South America) to convince governments to support his bid for full UN membership. The US under Obama and their followers in Europe are on the wrong side of history. This is how global leadership is squandered. There is no excuse for Obama.
 
May 13, 2009
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Scott SoCal said:
That's not the case the article is making. Only you are tying this together.
That's too bad for the authors. The connection is there. If they (and you) can't see it, then I have to give up.

So Obama is more aggressive with the CRA than even Clinton?

That just tells you that the CRA cannot be the problem for the 2008 financial disaster. Because you cannot get those NINJA loans any more, which were the logical endpoint of the derivatives bubble. The CRA is a sound piece of legislation. It ensures that minorities have equal access to the housing market.

Let me have a last try at explaining it to you: the bubble which burst in 2008 wasn't really a housing bubble. It was a derivatives bubble. The financial industry couldn't get their hands on enough debt to fuel that bubble. They were looking at the mortgage industry to increase the supply of debt to fuel the derivatives market. Of course the mortgage industry was happy to oblige, handing out money to everybody who would come in the front door, while selling the debt the next day to the ever demanding financial industry. The CRA didn't CAUSE that behavior. It just happened to align with the behavior at that time. The underlying cause of handing out NINJA loans was that the financial industry thought they had tapped a gold mine by buying up debt, repackaging it, and selling it at a profit. If you can't see that, then I'm sorry, you haven't understood what happened in 2008.
 
Cobblestones said:
It is very simple. As long as Florida is considered an important swing state in presidential elections, AIPAC will reign supreme in US foreign politics. Just remember the NY 9th Congressional District special election (to replace Weiner) where the (catholic) republican candidate won against the (jewish) democratic candidate partly on issues concerning Israel (pretty ironic, but there you go).

It is clear that Abbas has done excellent diplomatic work (most recently in South America) to convince governments to support his bid for full UN membership. The US under Obama and their followers in Europe are on the wrong side of history. This is how global leadership is squandered. There is no excuse for Obama.
Which means Britain and Italy, but in the latter case only because Berlusconi's in power.
 
Sep 10, 2009
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Scott SoCal said:
I just find it amazing how the definition of racism changes depending on political views, because if ANY conservative had asked if BO was smart enough to spell Iraq, or if BO 'knows his place' I can only imagine the melt down on your side.
How many times do I have to say this? Racism exists everywhere, on the left as well as the right. But you're going to have to live with the fact that (a) it is far more prevalent on the right than it is on the left, (b) it's far more prevalent among conservatives, and (c) the right wing is the home of the hardcore racist/supremacist groups. If you're not comfortable with that, and clearly you aren't, then maybe you should start looking at the reasons why the Republican party has essentially become the party of white people. It ain't our fault your party has become that way.

And btw, we heard many, many similar things said about Obama during the '08 campaign.

EDIT: course, still continues today:

http://www.washingtonpost.com/blogs/virginia-politics/post/va-republican-party-condemns-loudoun-gop-e-mail-with-an-image-of-obama-shot-in-the-head/2011/10/31/gIQAunFuZM_blog.html?tid=sm_twitter_washingtonpost
 
Scott SoCal said:
Umm, I probably disagree with this post moe than any other post you have written.

I don't think 'my' lot is more or less racist, bigoted, homophobic, sexist, or stupid than your 'lot'.


Certainly there are crazies on 'my' side just as there are crazies on 'your' side. The major difference is (to me) is many on 'your' side think the worst first. It can't possibly be we disagree on substance... oh no. The opposition must be something sinister.

That's just how things are, I suppose.
You're kidding, aren't you? I mean, Scott, come on, that's just so, you know, pathological.

This is another thing about conservatives, they willfully deceive themselves.

Conservatives aren't known for being entrenched in reality, but the difference between left and right on this point has never been more clear.
 
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Anonymous

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Cobblestones said:
That's too bad for the authors. The connection is there. If they (and you) can't see it, then I have to give up.

So Obama is more aggressive with the CRA than even Clinton?

That just tells you that the CRA cannot be the problem for the 2008 financial disaster. Because you cannot get those NINJA loans any more, which were the logical endpoint of the derivatives bubble. The CRA is a sound piece of legislation. It ensures that minorities have equal access to the housing market.

Let me have a last try at explaining it to you: the bubble which burst in 2008 wasn't really a housing bubble. It was a derivatives bubble. The financial industry couldn't get their hands on enough debt to fuel that bubble. They were looking at the mortgage industry to increase the supply of debt to fuel the derivatives market. Of course the mortgage industry was happy to oblige, handing out money to everybody who would come in the front door, while selling the debt the next day to the ever demanding financial industry. The CRA didn't CAUSE that behavior. It just happened to align with the behavior at that time. The underlying cause of handing out NINJA loans was that the financial industry thought they had tapped a gold mine by buying up debt, repackaging it, and selling it at a profit. If you can't see that, then I'm sorry, you haven't understood what happened in 2008.
The CRA is a sound piece of legislation. It ensures that minorities have equal access to the housing market.

The article argues the CRA does nothing more than bypass underwriting guidelines for minorities based on flaws (in this case) deleted data. You might have picked that up if you'd read the article:confused:

Let me have a last try at explaining it to you: the bubble which burst in 2008 wasn't really a housing bubble. It was a derivatives bubble. The financial industry couldn't get their hands on enough debt to fuel that bubble. They were looking at the mortgage industry to increase the supply of debt to fuel the derivatives market. Of course the mortgage industry was happy to oblige, handing out money to everybody who would come in the front door, while selling the debt the next day to the ever demanding financial industry. The CRA didn't CAUSE that behavior. It just happened to align with the behavior at that time. The underlying cause of handing out NINJA loans was that the financial industry thought they had tapped a gold mine by buying up debt, repackaging it, and selling it at a profit. If you can't see that, then I'm sorry, you haven't understood what happened in 2008
Hmmm. Okay, I guess they should'nt try to make the point that behavior that led to the housing crisis and (essentially) the destruction of Fannie and Freddy has not changed at all.

How dare they.
 
Jun 22, 2009
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VeloCity said:
How many times do I have to say this? Racism exists everywhere, on the left as well as the right. But you're going to have to live with the fact that (a) it is far more prevalent on the right than it is on the left, (b) it's far more prevalent among conservatives, and (c) the right wing is the home of the hardcore racist/supremacist groups. If you're not comfortable with that, and clearly you aren't, then maybe you should start looking at the reasons why the Republican party has essentially become the party of white people. It ain't our fault your party has become that way.

And btw, we heard many, many similar things said about Obama during the '08 campaign.

EDIT: course, still continues today:

http://www.washingtonpost.com/blogs/virginia-politics/post/va-republican-party-condemns-loudoun-gop-e-mail-with-an-image-of-obama-shot-in-the-head/2011/10/31/gIQAunFuZM_blog.html?tid=sm_twitter_washingtonpost
I tried to make this very point to Scott in a very neutral way on the previous page, but he just won't have it. He even disagreed more than with any other post of mine!:confused:

I guess I haven't been trying hard enough.:D
 
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Anonymous

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rhubroma said:
You're kidding, aren't you? I mean, Scott, come on, that's just so, you know, pathological.

This is another thing about conservatives, they willfully deceive themselves.

Oh my goodness. Now I'm pathological.

Pretty hard to disagree and debate these days.
 
Dec 7, 2010
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In my opinion this article in the Times-Picayune shows some interesting dynamics for voting.

http://www.nola.com/opinions/index.ssf/2011/11/democrats_become_the_swing_vot.html

Odd how some folks can only find their news from a blog source. A few members post things that is impossible to either read or watch because of work internet filters. That is one of the things I am Occupying my office for! MORE INTERWEB PRIVILAGES not just the top 1% of management should be able to surf the radical blogs and Utupes.

Oh and I forgot to add a "your kind" directed towards Scott (from "SO CALL")! You know "your kind" Scott ...you bunch of racist pigs. :eek:
 
May 23, 2010
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Glenn_Wilson said:
In my opinion this article in the Times-Picayune shows some interesting dynamics for voting.

http://www.nola.com/opinions/index.ssf/2011/11/democrats_become_the_swing_vot.html

Odd how some folks can only find their news from a blog source. A few members post things that is impossible to either read or watch because of work internet filters. That is one of the things I am Occupying my office for! MORE INTERWEB PRIVILAGES not just the top 1% of management should be able to surf the radical blogs and Utupes.

Oh and I forgot to add a "your kind" directed towards Scott (from "SO CALL")! You know "your kind" Scott ...you bunch of racist pigs. :eek:
I can't sign on to that site..I seem to be banned 5 layers deep..tee hee
 
Apr 20, 2009
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Amsterhammer said:
J...

But, it does seem strange that this deranged performance of Perry's hasn't attracted more attention - and dersision.

...
yeah, i was wondering about that, too. i tried to watch it when somebody posted the youtube vid of it here, but it was too painful. he really seemed to be on something.
 
Sep 10, 2009
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Mar 10, 2009
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Scott SoCal said:
Wasn't talking about those. How about the clips of Cain "knowing his place"? "I wonder if Herman Cain even knows how to spell Iraq"?

The general 'Cain is dumb' mantra. You see no racism here?

I don't BTW. I just find it amazing how the definition of racism changes depending on political views, because if ANY conservative had asked if BO was smart enough to spell Iraq, or if BO 'knows his place' I can only imagine the melt down on your side.
I think it's for a large part based on our experience with Clown Cain.

If Cain the "candidate(bookseller)" plays the populist card, and he tries to assuage voters that he is 'like you' and not some smartypants Harvard educated elitist, is the media wrong in calling him out on it? Can he have it both ways, saying dumb things all the time, pretending it doesn't matter and then criticizing those who criticize him for being a clown...

Heck even Bill Kristol gives him a vote of no confidence. Or Krauthammer, "“Stossel was simply stunned. And if you combine it with the ‘9-9-9’ stuff, it is not that he just hasn’t thought it out. He is winging it. And that is a real problem.”

Some Cain quotes, most from the last 4 weeks or so:

- "Uzbeki-beki-beki-stan-stan"

- "Relative to foreign policy, I don’t need to know the details of every one of the issues we face; “We’ve got plenty of experts who can fill in the details,” Cain said at dinner held by the Nueces County Republican Women

- "I tell you, it would be a combination of technology and a real fence. It would be about 20 feet high. It would have electrified barbed wire on the top. And on this side of it, it would have a moat the depth of a football field. And yes, Mr. President, it would have alligators in it" which then was 'a joke'

- But then, "Mea culpa, mea culpa, mea culpa,” he said, using the Latin formula for expressing contrition. But when a reporter challenged his description of his comments, saying he didn’t seem to be telling a joke, the retired pizza executive acknowledged: “You’re right.” He said he still believes in the need for a border fence, “and it might be electrified.” quote: "I’m not walking away from that”

- On Pierce Morgan: "It's not the government's role -- or anybody else's role -- to make that decision," he said. "So what I'm saying is, it ultimately gets down to a choice that that family or that mother has to make. Not me as president. Not some politician. Not a bureaucrat. It gets down to that family. And whatever they decide, they decide." The next day he waltzes "tweeting the next day, "I'm 100% pro-life. End of story."

- the 999 plan straight out of the hat of 'an economic adviser who is not an economist'. So much for surrounding himself with experts, to whom he can leave all the details. And then this, "One of the architects of Herman Cain’s 9-9-9 tax plan, economist Stephen Moore, said the contender for the GOP presidential nomination needs to drop his proposed 9 percent national sales tax."

- "Don't blame Wall Street, don't blame the big banks. If you don't have a job and you are not rich, blame yourself!"

- "I would have to have people totally committed to the Declaration of Independence and the Constitution of this United States. And many of the Muslims, they are not totally dedicated to this country. They are not dedicated to our Constitution. Many of them are trying to force Sharia law on the people of this country."

- "Let me tell you what the Cain Doctrine would be, as it relates to Israel if I were president. You mess with Israel, you are messing with the United States of America!"

After all these self-inflicted wounds, can you blame people for questioning his intelligence?

It's spelled Eyerack btw.
 
Dec 7, 2010
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VeloCity said:
Ah, David Vitter. Spreading "his brand of ideological purity" around. Well, he sure was spreading something around.

Talk about hypocrisy, both at the personal and party level.
Funny how I pointed out what I thought was interesting with the article and you focus in on an asshat like Vitter!

I think the part of the article I like is the fact that the Democrats still have a say in what is happening with State and local politics even in a State like Louisiana. But hey that is what I was reading. I have known all to well about Vitter and is waste of time in office.
 
Sep 10, 2009
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Glenn_Wilson said:
Funny how I pointed out what I thought was interesting with the article and you focus in on an asshat like Vitter!
Sorry, Vitter is just too hard to pass up. ;)

I think the part of the article I like is the fact that the Democrats still have a say in what is happening with State and local politics even in a State like Louisiana.
But isn't that basically true of any state? Republicans still have some influence in traditional Dem-controlled states like MA, Dems still have some say in Utah, etc. It must be incredibly frustrating, though, to be part of the minority party in a state dominated by the other, like a Dem in LA, so I guess they have to look for ways to be heard wherever they can.
 
A

Anonymous

Guest
Bala Verde said:
I think it's for a large part based on our experience with Clown Cain.

If Cain the "candidate(bookseller)" plays the populist card, and he tries to assuage voters that he is 'like you' and not some smartypants Harvard educated elitist, is the media wrong in calling him out on it? Can he have it both ways, saying dumb things all the time, pretending it doesn't matter and then criticizing those who criticize him for being a clown...

Heck even Bill Kristol gives him a vote of no confidence. Or Krauthammer, "“Stossel was simply stunned. And if you combine it with the ‘9-9-9’ stuff, it is not that he just hasn’t thought it out. He is winging it. And that is a real problem.”

Some Cain quotes, most from the last 4 weeks or so:

- "Uzbeki-beki-beki-stan-stan"

- "Relative to foreign policy, I don’t need to know the details of every one of the issues we face; “We’ve got plenty of experts who can fill in the details,” Cain said at dinner held by the Nueces County Republican Women

- "I tell you, it would be a combination of technology and a real fence. It would be about 20 feet high. It would have electrified barbed wire on the top. And on this side of it, it would have a moat the depth of a football field. And yes, Mr. President, it would have alligators in it" which then was 'a joke'

- But then, "Mea culpa, mea culpa, mea culpa,” he said, using the Latin formula for expressing contrition. But when a reporter challenged his description of his comments, saying he didn’t seem to be telling a joke, the retired pizza executive acknowledged: “You’re right.” He said he still believes in the need for a border fence, “and it might be electrified.” quote: "I’m not walking away from that”

- On Pierce Morgan: "It's not the government's role -- or anybody else's role -- to make that decision," he said. "So what I'm saying is, it ultimately gets down to a choice that that family or that mother has to make. Not me as president. Not some politician. Not a bureaucrat. It gets down to that family. And whatever they decide, they decide." The next day he waltzes "tweeting the next day, "I'm 100% pro-life. End of story."

- the 999 plan straight out of the hat of 'an economic adviser who is not an economist'. So much for surrounding himself with experts, to whom he can leave all the details. And then this, "One of the architects of Herman Cain’s 9-9-9 tax plan, economist Stephen Moore, said the contender for the GOP presidential nomination needs to drop his proposed 9 percent national sales tax."

- "Don't blame Wall Street, don't blame the big banks. If you don't have a job and you are not rich, blame yourself!"

- "I would have to have people totally committed to the Declaration of Independence and the Constitution of this United States. And many of the Muslims, they are not totally dedicated to this country. They are not dedicated to our Constitution. Many of them are trying to force Sharia law on the people of this country."

- "Let me tell you what the Cain Doctrine would be, as it relates to Israel if I were president. You mess with Israel, you are messing with the United States of America!"

After all these self-inflicted wounds, can you blame people for questioning his intelligence?

It's spelled Eyerack btw.
Iran doesn’t “pose a serious threat to us”

Obama pleaded ignorance of the decades-old, multibillion-dollar massive Hanford nuclear-waste cleanup: “Here’s something that you will rarely hear from a politician, and that is that I’m not familiar with the Hanford, uuuuhh, site, so I don’t know exactly what’s going on there. (Applause.) Now, having said that, I promise you I’ll learn about it by the time I leave here on the ride back to the airport.”

Obama showed off his knowledge of the war in Afghanistan by homing in on a lack of translators: “We only have a certain number of them, and if they are all in Iraq, then it’s harder for us to use them in Afghanistan.” The real reason it’s “harder for us to use them” in Afghanistan: Iraqis speak Arabic or Kurdish. The Afghanis speak Pashto, Farsi, or other non-Arabic languages.


“There was something stirring across the country because of what happened in Selma, Ala., because some folks are willing to march across a bridge. So they got together and Barack Obama Jr. was born.”

Obama was born in 1961. The Selma march took place in 1965.


Explaining why he was trailing Hillary Clinton in Kentucky, Obama again botched basic geography: “Sen. Clinton, I think, is much better known, coming from a nearby state of Arkansas. So it’s not surprising that she would have an advantage in some of those states in the middle.”


“Over the last 15 months, we’ve traveled to every corner of the United States. I’ve now been in 57 states? I think one left to go.”



"One such translator was an American of Haitian descent, representative of the extraordinary work that our men and women in uniform do all around the world -- Navy Corpse-Man Christian Brossard." –mispronouncing "Corpsman" (the "ps" is silent) during a speech at the National Prayer Breakfast, Washington, D.C., Feb. 5, 2010


"The Middle East is obviously an issue that has plagued the region for centuries."

"UPS and FedEx are doing just fine, right? It's the Post Office that's always having problems." –attempting to make the case for government-run healthcare, while simultaneously undercutting his own argument, Portsmouth, N.H., Aug. 11, 2009

"It was also interesting to see that political interaction in Europe is not that different from the United States Senate. There's a lot of -- I don't know what the term is in Austrian, wheeling and dealing." --confusing German for "Austrian," a language which does not exist, Strasbourg, France, April 6, 2009

"No, no. I have been practicing...I bowled a 129. It's like -- it was like Special Olympics, or something." --making an off-hand joke during an appearance on "The Tonight Show", March 19, 2009 (Obama later called the head of the Special Olympics to apologize)

"What I was suggesting -- you're absolutely right that John McCain has not talked about my Muslim faith..." --in an interview with ABC's George Stephanopoulos, who jumped in to correct Obama by saying "your Christian faith," which Obama quickly clarified

"Just this past week, we passed out of the U.S. Senate Banking Committee -- which is my committee -- a bill to call for divestment from Iran as way of ratcheting up the pressure to ensure that they don't obtain a nuclear weapon." --referring to a committee he is not on, Sderot, Israel, July 23, 2008

"On this Memorial Day, as our nation honors its unbroken line of fallen heroes -- and I see many of them in the audience here today -- our sense of patriotism is particularly strong."

"In case you missed it, this week, there was a tragedy in Kansas. Ten thousand people died -- an entire town destroyed." --on a Kansas tornado that killed 12 people


Google "obama gaffes".


I guess I could post multitudes of quotes from the lefties critical of Obama and his administration/policies but I doubt if any of this matters. This is dump on Cain time. Last week it was dump on Perry.
 
May 13, 2009
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Scott SoCal said:
The article argues the CRA does nothing more than bypass underwriting guidelines for minorities based on flaws (in this case) deleted data. You might have picked that up if you'd read the article:confused:



Hmmm. Okay, I guess they should'nt try to make the point that behavior that led to the housing crisis and (essentially) the destruction of Fannie and Freddy has not changed at all.

How dare they.
For the last time, the point the article tries to make does not resonate with me, because it is mostly wrong. That's what I try to point out to you. I understand what they're trying to say, but it's simply wrong, and so I tell you how I see it.

The behavior of the mortgage industry has in fact changed drastically. And in this case, it is not because of a slew of new regulations (in fact, I believe, if you are still inclined to issue NINJA loans, there's nothing to forbid it), but simply, because there's not a single bank in the world which would purchase that type of debt any more. So in that sense, the market has instilled some sanity in the mortgage industry. When you realize this, it should also become clear that it was in fact the financial industry with their demand for new debt, which was driving the mortgage industry to new lows. Once that demand fell away, sanity was restored.

Concerning the financial industry, that is a different matter. I cannot see a single disciplinary force beside regulations of the derivative market, a reinstatement of the Glass Steagall act, minimum capitalization requirements etc. So, no. Their behavior hasn't changed a bit. The incentives simply aren't pointing in the right direction.
 
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