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Occupy Wall Street vs. the Tea Party

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Inuyasha
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14 Oct 2011, 7:37 pm

number5 wrote:
There is absolutely no data to back up the theory that the CRA had any significant impact on the housing crisis. Non-CRA regulated banks had higher default rates and totals. Many other countries also experienced a housing crisis, and they are completely unaffected by the CRA. And then there's this guy, Lee Farkas, who was convicted of mortgage fraud to the tune of $2.9 billion. He also collapsed 2 banks and cost thousands their jobs. Just one guy, a mortgage broker. He was quoted saying that he “could rob a bank with a pencil.” This type of behavior was widespread amongst both the brokers and the banks. This guy just happened to get caught. http://www.nytimes.com/2011/04/22/busin ... wanted=all

But back to OWS, it's going global tomorrow. I, for one, am pleased.

http://news.yahoo.com/wall-street-sit-g ... 59242.html


Many other countries were spending outside their means bigtime like Greece, which is what the Democrats were trying to do, they made the Republicans from 2001-2006 look fiscally responsible, which is why the Democrats refused to make a budget.

No matter what you say, it doesn't change the fact that banks in the US were forced to make bad loans by the community reinvestment act or they were sued or other punitive actions were taken.

As to foreign banks going belly up, some of them invested in these bad loans or made other poor decisions.



LKL
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14 Oct 2011, 8:00 pm

Inuyasha wrote:
number5 wrote:
There is absolutely no data to back up the theory that the CRA had any significant impact on the housing crisis. Non-CRA regulated banks had higher default rates and totals. Many other countries also experienced a housing crisis, and they are completely unaffected by the CRA. And then there's this guy, Lee Farkas, who was convicted of mortgage fraud to the tune of $2.9 billion. He also collapsed 2 banks and cost thousands their jobs. Just one guy, a mortgage broker. He was quoted saying that he “could rob a bank with a pencil.” This type of behavior was widespread amongst both the brokers and the banks. This guy just happened to get caught. http://www.nytimes.com/2011/04/22/busin ... wanted=all

But back to OWS, it's going global tomorrow. I, for one, am pleased.

http://news.yahoo.com/wall-street-sit-g ... 59242.html


Many other countries were spending outside their means bigtime like Greece, which is what the Democrats were trying to do, they made the Republicans from 2001-2006 look fiscally responsible, which is why the Democrats refused to make a budget.

No matter what you say, it doesn't change the fact that banks in the US were forced to make bad loans by the community reinvestment act or they were sued or other punitive actions were taken.

As to foreign banks going belly up, some of them invested in these bad loans or made other poor decisions.

Your memory is too short, Inuyasha. Who started the two ground wars that are currently bankrupting us, hmmm?



GoonSquad
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14 Oct 2011, 8:34 pm

Inuyasha wrote:


No matter what you say, it doesn't change the fact that banks in the US were forced to make bad loans by the community reinvestment act or they were sued or other punitive actions were taken.



No matter how many times you repeat this,it doesn't change the fact that it's still utter nonsense. :roll:


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Inuyasha
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14 Oct 2011, 8:40 pm

LKL wrote:
Inuyasha wrote:
number5 wrote:
There is absolutely no data to back up the theory that the CRA had any significant impact on the housing crisis. Non-CRA regulated banks had higher default rates and totals. Many other countries also experienced a housing crisis, and they are completely unaffected by the CRA. And then there's this guy, Lee Farkas, who was convicted of mortgage fraud to the tune of $2.9 billion. He also collapsed 2 banks and cost thousands their jobs. Just one guy, a mortgage broker. He was quoted saying that he “could rob a bank with a pencil.” This type of behavior was widespread amongst both the brokers and the banks. This guy just happened to get caught. http://www.nytimes.com/2011/04/22/busin ... wanted=all

But back to OWS, it's going global tomorrow. I, for one, am pleased.

http://news.yahoo.com/wall-street-sit-g ... 59242.html


Many other countries were spending outside their means bigtime like Greece, which is what the Democrats were trying to do, they made the Republicans from 2001-2006 look fiscally responsible, which is why the Democrats refused to make a budget.

No matter what you say, it doesn't change the fact that banks in the US were forced to make bad loans by the community reinvestment act or they were sued or other punitive actions were taken.

As to foreign banks going belly up, some of them invested in these bad loans or made other poor decisions.

Your memory is too short, Inuyasha. Who started the two ground wars that are currently bankrupting us, hmmm?


Your grasp of basic math is pretty bad.

All discretionary spending could be 0 including military, and we would still be running a substancial deficit due to entitlements. If I remember correctly something like a half trillion dollar deficit.

So the problem is entitlements not military spending. Furthermore we made a mess when we went into those countries, it's only logical to clean up after ourselves, further I would rather fight terrorists overseas than in the US.



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14 Oct 2011, 8:46 pm

Kraichgauer wrote:
I won't deny that there are some present who are getting stoned, but that hardly describes most of the attendants. Fox News is taking a few incidents, and are blowing them out of proportion in order to paint the whole crowd as hippie stoners. Ed Schultz and Rev. Al Sharpton have been there interviewing protestors, and in fact, most are law abiding citizens, very often with families. They just happen to be concerned and angry about the direction the country has been taking in the last few decades, in which the top 1% of the country are getting richer, while the rest of us slip into poverty.
At least no one showed up with loaded guns - - like at Tea Party rallies.

-Bill, otherwise known as Kraichgauer

Even if the media cherry picks who they interview, they still face the problem that they are asking the government to create regulations to fix their last set of regulations, which were intended to fix the regulations before that. It's total insanity. They are also unruly compared to the tea party, they live like pigs unlike the tea party, and unlike tea party protests, there have been a ton of arrests at OWS events. Tea party activists do often carry guns during protests in places where it's legal, but interestingly, there have never been any arrests much less convictions over it. Strange how it works out that the gun-toting protesters stay out of trouble and the "peaceful" protesters get arrested en masse.

I was jut joking about the mace cartoon. What they really need to disperse the protesters is soapy water. :twisted:


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14 Oct 2011, 9:11 pm

John_Browning wrote:
Kraichgauer wrote:
I won't deny that there are some present who are getting stoned, but that hardly describes most of the attendants. Fox News is taking a few incidents, and are blowing them out of proportion in order to paint the whole crowd as hippie stoners. Ed Schultz and Rev. Al Sharpton have been there interviewing protestors, and in fact, most are law abiding citizens, very often with families. They just happen to be concerned and angry about the direction the country has been taking in the last few decades, in which the top 1% of the country are getting richer, while the rest of us slip into poverty.
At least no one showed up with loaded guns - - like at Tea Party rallies.

-Bill, otherwise known as Kraichgauer

Even if the media cherry picks who they interview, they still face the problem that they are asking the government to create regulations to fix their last set of regulations, which were intended to fix the regulations before that. It's total insanity. They are also unruly compared to the tea party, they live like pigs unlike the tea party, and unlike tea party protests, there have been a ton of arrests at OWS events. Tea party activists do often carry guns during protests in places where it's legal, but interestingly, there have never been any arrests much less convictions over it. Strange how it works out that the gun-toting protesters stay out of trouble and the "peaceful" protesters get arrested en masse.

I was jut joking about the mace cartoon. What they really need to disperse the protesters is soapy water. :twisted:


It's a matter of deregulation that opened this whole ugly can of worms of Wall Street corruption and theft.
And as far as the Occupy Wall Street protestors are concerned, they've been performing a sit-in in the same general area for all this time, whereas the Tea party came and went in a single day at their rallies. Had the Tea Party stayed this long, I have no doubt that they'd end up as dirty, litter as much, and even get arrested. Considering that so many of them were packing, legal or otherwise, there might have been deaths involved by now. As a matter of fact, the Occupy Wall Street Protestors have been well behaved considering the circumstances. Also, it should be remembered that there were clear examples of unprovoked police brutality, the most famous being the high ranking cop spraying unarmed female protestors with pepper spray, after which he walked down the street, spraying people indiscriminately, including at least one fellow police officer.

-Bill, otherwise known as Kraichgauer



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14 Oct 2011, 9:52 pm

And why are the OWS people being arrested? For walking on a bridge. For sitting in a park. For standing on a sidewalk. Together.

The TP people weren't arrested because they were supporting, and funded by, the wealthy and powerful; the OWS people are arrested because they're doing the opposite.



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14 Oct 2011, 9:59 pm

Inuyasha wrote:

Sarcasm: Oh so that explains the drugs...


Yeah, that evil, probably unrepresentative, sample of pot-smoking protesters! If only they stuck to abusing prescription pills like your Country Club Conservative hero.

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14 Oct 2011, 10:53 pm

John_Browning wrote:
Kraichgauer wrote:
I won't deny that there are some present who are getting stoned, but that hardly describes most of the attendants. Fox News is taking a few incidents, and are blowing them out of proportion in order to paint the whole crowd as hippie stoners. Ed Schultz and Rev. Al Sharpton have been there interviewing protestors, and in fact, most are law abiding citizens, very often with families. They just happen to be concerned and angry about the direction the country has been taking in the last few decades, in which the top 1% of the country are getting richer, while the rest of us slip into poverty.
At least no one showed up with loaded guns - - like at Tea Party rallies.

-Bill, otherwise known as Kraichgauer

Even if the media cherry picks who they interview, they still face the problem that they are asking the government to create regulations to fix their last set of regulations, which were intended to fix the regulations before that. It's total insanity. They are also unruly compared to the tea party, they live like pigs unlike the tea party, and unlike tea party protests, there have been a ton of arrests at OWS events. Tea party activists do often carry guns during protests in places where it's legal, but interestingly, there have never been any arrests much less convictions over it. Strange how it works out that the gun-toting protesters stay out of trouble and the "peaceful" protesters get arrested en masse.

I was jut joking about the mace cartoon. What they really need to disperse the protesters is soapy water. :twisted:


As history repeatedly illustrates, the number of arrests in ratio of groups usually reveal a fact opposite your prejudicial assumption. Three very famous instances are the Tiananmen Square Protests, the Bonus Marchers, and and Kristallnacht.

For time constraints and brevity, the Arrests records of Kristallnacht illustrate the propaganda value of numbers of arrests of any "group" members. Perpetrators of the crimes arrested equals zero, but the number of arrested victims of the perpetrators equals 30,000.

With your defective logic, you would conclude that it is interesting "how it works out that the gun-toting protesters stay out of trouble and the 'peaceful' protesters get arrested en masse." Some reports have it that not a Nazi was involved in the self-inflected "insurance scam" by those arrested 30,000 of Hitler's victims, which is utter balderdash.

Then calling the attacks simple foreclosures legalizes everything?

Tadzio



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14 Oct 2011, 11:02 pm

Inuyasha wrote:
LKL wrote:
Inuyasha wrote:
number5 wrote:
There is absolutely no data to back up the theory that the CRA had any significant impact on the housing crisis. Non-CRA regulated banks had higher default rates and totals. Many other countries also experienced a housing crisis, and they are completely unaffected by the CRA. And then there's this guy, Lee Farkas, who was convicted of mortgage fraud to the tune of $2.9 billion. He also collapsed 2 banks and cost thousands their jobs. Just one guy, a mortgage broker. He was quoted saying that he “could rob a bank with a pencil.” This type of behavior was widespread amongst both the brokers and the banks. This guy just happened to get caught. http://www.nytimes.com/2011/04/22/busin ... wanted=all

But back to OWS, it's going global tomorrow. I, for one, am pleased.

http://news.yahoo.com/wall-street-sit-g ... 59242.html


Many other countries were spending outside their means bigtime like Greece, which is what the Democrats were trying to do, they made the Republicans from 2001-2006 look fiscally responsible, which is why the Democrats refused to make a budget.

No matter what you say, it doesn't change the fact that banks in the US were forced to make bad loans by the community reinvestment act or they were sued or other punitive actions were taken.

As to foreign banks going belly up, some of them invested in these bad loans or made other poor decisions.

Your memory is too short, Inuyasha. Who started the two ground wars that are currently bankrupting us, hmmm?


Your grasp of basic math is pretty bad.

All discretionary spending could be 0 including military, and we would still be running a substancial deficit due to entitlements. If I remember correctly something like a half trillion dollar deficit.

So the problem is entitlements not military spending. Furthermore we made a mess when we went into those countries, it's only logical to clean up after ourselves, further I would rather fight terrorists overseas than in the US.

So now your claim is that the Democrats, all by themselves, invented Social Security and Medicare (presumably you think that they invented part D as well?), and kept those programs alive through decades of concerted efforts by the Repubs. to kill them?

Are you sure that's a claim that you want to make, 'Yasha?



Inuyasha
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14 Oct 2011, 11:09 pm

LKL wrote:
Inuyasha wrote:
LKL wrote:
Inuyasha wrote:
number5 wrote:
There is absolutely no data to back up the theory that the CRA had any significant impact on the housing crisis. Non-CRA regulated banks had higher default rates and totals. Many other countries also experienced a housing crisis, and they are completely unaffected by the CRA. And then there's this guy, Lee Farkas, who was convicted of mortgage fraud to the tune of $2.9 billion. He also collapsed 2 banks and cost thousands their jobs. Just one guy, a mortgage broker. He was quoted saying that he “could rob a bank with a pencil.” This type of behavior was widespread amongst both the brokers and the banks. This guy just happened to get caught. http://www.nytimes.com/2011/04/22/busin ... wanted=all

But back to OWS, it's going global tomorrow. I, for one, am pleased.

http://news.yahoo.com/wall-street-sit-g ... 59242.html


Many other countries were spending outside their means bigtime like Greece, which is what the Democrats were trying to do, they made the Republicans from 2001-2006 look fiscally responsible, which is why the Democrats refused to make a budget.

No matter what you say, it doesn't change the fact that banks in the US were forced to make bad loans by the community reinvestment act or they were sued or other punitive actions were taken.

As to foreign banks going belly up, some of them invested in these bad loans or made other poor decisions.

Your memory is too short, Inuyasha. Who started the two ground wars that are currently bankrupting us, hmmm?


Your grasp of basic math is pretty bad.

All discretionary spending could be 0 including military, and we would still be running a substancial deficit due to entitlements. If I remember correctly something like a half trillion dollar deficit.

So the problem is entitlements not military spending. Furthermore we made a mess when we went into those countries, it's only logical to clean up after ourselves, further I would rather fight terrorists overseas than in the US.

So now your claim is that the Democrats, all by themselves, invented Social Security and Medicare (presumably you think that they invented part D as well?), and kept those programs alive through decades of concerted efforts by the Repubs. to kill them?

Are you sure that's a claim that you want to make, 'Yasha?


That's you saying I claimed something.

What I'm saying is that Democrats seem unable to accept reality as to where the problem is.



LKL
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14 Oct 2011, 11:39 pm

Inuyasha wrote:
LKL wrote:
Inuyasha wrote:
LKL wrote:
Inuyasha wrote:
number5 wrote:
There is absolutely no data to back up the theory that the CRA had any significant impact on the housing crisis. Non-CRA regulated banks had higher default rates and totals. Many other countries also experienced a housing crisis, and they are completely unaffected by the CRA. And then there's this guy, Lee Farkas, who was convicted of mortgage fraud to the tune of $2.9 billion. He also collapsed 2 banks and cost thousands their jobs. Just one guy, a mortgage broker. He was quoted saying that he “could rob a bank with a pencil.” This type of behavior was widespread amongst both the brokers and the banks. This guy just happened to get caught. http://www.nytimes.com/2011/04/22/busin ... wanted=all

But back to OWS, it's going global tomorrow. I, for one, am pleased.

http://news.yahoo.com/wall-street-sit-g ... 59242.html


Many other countries were spending outside their means bigtime like Greece, which is what the Democrats were trying to do, they made the Republicans from 2001-2006 look fiscally responsible, which is why the Democrats refused to make a budget.

No matter what you say, it doesn't change the fact that banks in the US were forced to make bad loans by the community reinvestment act or they were sued or other punitive actions were taken.

As to foreign banks going belly up, some of them invested in these bad loans or made other poor decisions.

Your memory is too short, Inuyasha. Who started the two ground wars that are currently bankrupting us, hmmm?


Your grasp of basic math is pretty bad.

All discretionary spending could be 0 including military, and we would still be running a substancial deficit due to entitlements. If I remember correctly something like a half trillion dollar deficit.

So the problem is entitlements not military spending. Furthermore we made a mess when we went into those countries, it's only logical to clean up after ourselves, further I would rather fight terrorists overseas than in the US.

So now your claim is that the Democrats, all by themselves, invented Social Security and Medicare (presumably you think that they invented part D as well?), and kept those programs alive through decades of concerted efforts by the Repubs. to kill them?

Are you sure that's a claim that you want to make, 'Yasha?


That's you saying I claimed something.

What I'm saying is that Democrats seem unable to accept reality as to where the problem is.

Your claim was that the Democrats want to spend and spend, like the Greek government. Then your claim was that the problem spending was with 'entitlements,' otherwise known as 'Earned Benefits.' Ergo, the Democrats are responsible for the Earned Benefit programs.



Inuyasha
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15 Oct 2011, 12:33 am

LKL wrote:
Inuyasha wrote:
LKL wrote:
Inuyasha wrote:
LKL wrote:
Inuyasha wrote:
number5 wrote:
There is absolutely no data to back up the theory that the CRA had any significant impact on the housing crisis. Non-CRA regulated banks had higher default rates and totals. Many other countries also experienced a housing crisis, and they are completely unaffected by the CRA. And then there's this guy, Lee Farkas, who was convicted of mortgage fraud to the tune of $2.9 billion. He also collapsed 2 banks and cost thousands their jobs. Just one guy, a mortgage broker. He was quoted saying that he “could rob a bank with a pencil.” This type of behavior was widespread amongst both the brokers and the banks. This guy just happened to get caught. http://www.nytimes.com/2011/04/22/busin ... wanted=all

But back to OWS, it's going global tomorrow. I, for one, am pleased.

http://news.yahoo.com/wall-street-sit-g ... 59242.html


Many other countries were spending outside their means bigtime like Greece, which is what the Democrats were trying to do, they made the Republicans from 2001-2006 look fiscally responsible, which is why the Democrats refused to make a budget.

No matter what you say, it doesn't change the fact that banks in the US were forced to make bad loans by the community reinvestment act or they were sued or other punitive actions were taken.

As to foreign banks going belly up, some of them invested in these bad loans or made other poor decisions.

Your memory is too short, Inuyasha. Who started the two ground wars that are currently bankrupting us, hmmm?


Your grasp of basic math is pretty bad.

All discretionary spending could be 0 including military, and we would still be running a substancial deficit due to entitlements. If I remember correctly something like a half trillion dollar deficit.

So the problem is entitlements not military spending. Furthermore we made a mess when we went into those countries, it's only logical to clean up after ourselves, further I would rather fight terrorists overseas than in the US.

So now your claim is that the Democrats, all by themselves, invented Social Security and Medicare (presumably you think that they invented part D as well?), and kept those programs alive through decades of concerted efforts by the Repubs. to kill them?

Are you sure that's a claim that you want to make, 'Yasha?


That's you saying I claimed something.

What I'm saying is that Democrats seem unable to accept reality as to where the problem is.

Your claim was that the Democrats want to spend and spend, like the Greek government. Then your claim was that the problem spending was with 'entitlements,' otherwise known as 'Earned Benefits.' Ergo, the Democrats are responsible for the Earned Benefit programs.


An entitlements program is not an "earned benefits program" what did you do to earn those benefits?

Simply laying on a couch sighing woah is me, doesn't seem like trying to earn anything in my eyes.



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15 Oct 2011, 12:42 am

Inuyasha wrote:
LKL wrote:
Inuyasha wrote:
LKL wrote:
Inuyasha wrote:
LKL wrote:
Inuyasha wrote:
number5 wrote:
There is absolutely no data to back up the theory that the CRA had any significant impact on the housing crisis. Non-CRA regulated banks had higher default rates and totals. Many other countries also experienced a housing crisis, and they are completely unaffected by the CRA. And then there's this guy, Lee Farkas, who was convicted of mortgage fraud to the tune of $2.9 billion. He also collapsed 2 banks and cost thousands their jobs. Just one guy, a mortgage broker. He was quoted saying that he “could rob a bank with a pencil.” This type of behavior was widespread amongst both the brokers and the banks. This guy just happened to get caught. http://www.nytimes.com/2011/04/22/busin ... wanted=all

But back to OWS, it's going global tomorrow. I, for one, am pleased.

http://news.yahoo.com/wall-street-sit-g ... 59242.html


Many other countries were spending outside their means bigtime like Greece, which is what the Democrats were trying to do, they made the Republicans from 2001-2006 look fiscally responsible, which is why the Democrats refused to make a budget.

No matter what you say, it doesn't change the fact that banks in the US were forced to make bad loans by the community reinvestment act or they were sued or other punitive actions were taken.

As to foreign banks going belly up, some of them invested in these bad loans or made other poor decisions.

Your memory is too short, Inuyasha. Who started the two ground wars that are currently bankrupting us, hmmm?


Your grasp of basic math is pretty bad.

All discretionary spending could be 0 including military, and we would still be running a substancial deficit due to entitlements. If I remember correctly something like a half trillion dollar deficit.

So the problem is entitlements not military spending. Furthermore we made a mess when we went into those countries, it's only logical to clean up after ourselves, further I would rather fight terrorists overseas than in the US.

So now your claim is that the Democrats, all by themselves, invented Social Security and Medicare (presumably you think that they invented part D as well?), and kept those programs alive through decades of concerted efforts by the Repubs. to kill them?

Are you sure that's a claim that you want to make, 'Yasha?


That's you saying I claimed something.

What I'm saying is that Democrats seem unable to accept reality as to where the problem is.

Your claim was that the Democrats want to spend and spend, like the Greek government. Then your claim was that the problem spending was with 'entitlements,' otherwise known as 'Earned Benefits.' Ergo, the Democrats are responsible for the Earned Benefit programs.


An entitlements program is not an "earned benefits program" what did you do to earn those benefits?

Simply laying on a couch sighing woah is me, doesn't seem like trying to earn anything in my eyes.


People on disability moan "woe is me" on the couch? The elderly collecting social security retirement do?
As a matter of fact, you have to have worked in order to qualify for such programs.

-Bill, otherwise known as Kraichgauer



Inuyasha
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15 Oct 2011, 12:44 am

Kraichgauer wrote:
Inuyasha wrote:
LKL wrote:
Inuyasha wrote:
LKL wrote:
Inuyasha wrote:
LKL wrote:
Inuyasha wrote:
number5 wrote:
There is absolutely no data to back up the theory that the CRA had any significant impact on the housing crisis. Non-CRA regulated banks had higher default rates and totals. Many other countries also experienced a housing crisis, and they are completely unaffected by the CRA. And then there's this guy, Lee Farkas, who was convicted of mortgage fraud to the tune of $2.9 billion. He also collapsed 2 banks and cost thousands their jobs. Just one guy, a mortgage broker. He was quoted saying that he “could rob a bank with a pencil.” This type of behavior was widespread amongst both the brokers and the banks. This guy just happened to get caught. http://www.nytimes.com/2011/04/22/busin ... wanted=all

But back to OWS, it's going global tomorrow. I, for one, am pleased.

http://news.yahoo.com/wall-street-sit-g ... 59242.html


Many other countries were spending outside their means bigtime like Greece, which is what the Democrats were trying to do, they made the Republicans from 2001-2006 look fiscally responsible, which is why the Democrats refused to make a budget.

No matter what you say, it doesn't change the fact that banks in the US were forced to make bad loans by the community reinvestment act or they were sued or other punitive actions were taken.

As to foreign banks going belly up, some of them invested in these bad loans or made other poor decisions.

Your memory is too short, Inuyasha. Who started the two ground wars that are currently bankrupting us, hmmm?


Your grasp of basic math is pretty bad.

All discretionary spending could be 0 including military, and we would still be running a substancial deficit due to entitlements. If I remember correctly something like a half trillion dollar deficit.

So the problem is entitlements not military spending. Furthermore we made a mess when we went into those countries, it's only logical to clean up after ourselves, further I would rather fight terrorists overseas than in the US.

So now your claim is that the Democrats, all by themselves, invented Social Security and Medicare (presumably you think that they invented part D as well?), and kept those programs alive through decades of concerted efforts by the Repubs. to kill them?

Are you sure that's a claim that you want to make, 'Yasha?


That's you saying I claimed something.

What I'm saying is that Democrats seem unable to accept reality as to where the problem is.

Your claim was that the Democrats want to spend and spend, like the Greek government. Then your claim was that the problem spending was with 'entitlements,' otherwise known as 'Earned Benefits.' Ergo, the Democrats are responsible for the Earned Benefit programs.


An entitlements program is not an "earned benefits program" what did you do to earn those benefits?

Simply laying on a couch sighing woah is me, doesn't seem like trying to earn anything in my eyes.


People on disability moan woe is me on the couch? The elderly collecting social security retirement do?
As a matter of fact, you have to have worked in order to qualify for such programs.

-Bill, otherwise known as Kraichgauer


Republicans haven't been talking about cutting benefits of the current elderly, or the disabled despite what the Democrats have been claiming.



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15 Oct 2011, 12:52 am

Inuyasha wrote:
Kraichgauer wrote:
Inuyasha wrote:
LKL wrote:
Inuyasha wrote:
LKL wrote:
Inuyasha wrote:
LKL wrote:
Inuyasha wrote:
number5 wrote:
There is absolutely no data to back up the theory that the CRA had any significant impact on the housing crisis. Non-CRA regulated banks had higher default rates and totals. Many other countries also experienced a housing crisis, and they are completely unaffected by the CRA. And then there's this guy, Lee Farkas, who was convicted of mortgage fraud to the tune of $2.9 billion. He also collapsed 2 banks and cost thousands their jobs. Just one guy, a mortgage broker. He was quoted saying that he “could rob a bank with a pencil.” This type of behavior was widespread amongst both the brokers and the banks. This guy just happened to get caught. http://www.nytimes.com/2011/04/22/busin ... wanted=all

But back to OWS, it's going global tomorrow. I, for one, am pleased.

http://news.yahoo.com/wall-street-sit-g ... 59242.html


Many other countries were spending outside their means bigtime like Greece, which is what the Democrats were trying to do, they made the Republicans from 2001-2006 look fiscally responsible, which is why the Democrats refused to make a budget.

No matter what you say, it doesn't change the fact that banks in the US were forced to make bad loans by the community reinvestment act or they were sued or other punitive actions were taken.

As to foreign banks going belly up, some of them invested in these bad loans or made other poor decisions.

Your memory is too short, Inuyasha. Who started the two ground wars that are currently bankrupting us, hmmm?


Your grasp of basic math is pretty bad.

All discretionary spending could be 0 including military, and we would still be running a substancial deficit due to entitlements. If I remember correctly something like a half trillion dollar deficit.

So the problem is entitlements not military spending. Furthermore we made a mess when we went into those countries, it's only logical to clean up after ourselves, further I would rather fight terrorists overseas than in the US.

So now your claim is that the Democrats, all by themselves, invented Social Security and Medicare (presumably you think that they invented part D as well?), and kept those programs alive through decades of concerted efforts by the Repubs. to kill them?

Are you sure that's a claim that you want to make, 'Yasha?


That's you saying I claimed something.

What I'm saying is that Democrats seem unable to accept reality as to where the problem is.

Your claim was that the Democrats want to spend and spend, like the Greek government. Then your claim was that the problem spending was with 'entitlements,' otherwise known as 'Earned Benefits.' Ergo, the Democrats are responsible for the Earned Benefit programs.


An entitlements program is not an "earned benefits program" what did you do to earn those benefits?

Simply laying on a couch sighing woah is me, doesn't seem like trying to earn anything in my eyes.


People on disability moan woe is me on the couch? The elderly collecting social security retirement do?
As a matter of fact, you have to have worked in order to qualify for such programs.

-Bill, otherwise known as Kraichgauer


Republicans haven't been talking about cutting benefits of the current elderly, or the disabled despite what the Democrats have been claiming.


Then cut whose benefits?
And what about us when we're old and gray? How are we going to make it without social security?

-Bill, otherwise known as Kraichgauer