Lmao!!!
"Yep.
This administration has engaged in more disastrous monetary policy in 6 months than I've seen in my lifetime. Combine this with the fact that there is still a hell of a lot of residential real estate to crash and burn and commercial real estate and all the other issues still out there, we are not remotely through the worst of this mess, not even close.
Had the Marxist-in-Chief done nothing, I would have said recovery late this year to mid next, but with the crap they've done, it's exacerbated the problems, and now they will be more drawn out and even worse.
Dow is either going to be at 4k before this is all over, or inflation will devalue it to the equivalent value.
Tough times ahead because America decided to give Jimmy Carter a second term."
Sheriff Joe is hilarious!!
"Yep.
This administration has engaged in more disastrous monetary policy in 6 months than I've seen in my lifetime. Combine this with the fact that there is still a hell of a lot of residential real estate to crash and burn and commercial real estate and all the other issues still out there, we are not remotely through the worst of this mess, not even close.
Had the Marxist-in-Chief done nothing, I would have said recovery late this year to mid next, but with the crap they've done, it's exacerbated the problems, and now they will be more drawn out and even worse.
Dow is either going to be at 4k before this is all over, or inflation will devalue it to the equivalent value.
Tough times ahead because America decided to give Jimmy Carter a second term."
Sheriff Joe is hilarious!!
Of course not - it's called pure greed and human nature.
But who sets the rules and controls interest rates (the level of 'greed')? The free market or Big Govt?
Anyone who believes they can socially-engineer outcomes by 'outsmarting' the market is a fool (mostly academics who's ideas are mostly abstract ideology insulated from real world consequences).
You do nothing but come on this Web site and lie all day.
You are so fucking dumb it is surreal.
Here is the proof of your dumb shit lie. Now this is the part where you start arguing that when Fannie actually bought Sub Prime loans they weren't actually dealing with the banks. {Note: Fannie and Freddie bought 25.2% of the record $272.81 billion in subprime MBS [mortgage-backed securities] sold in the first half of 2006}
Or something.
Why does this idiot little kid comment on these topics?
In 2004, as regulators warned that subprime lenders were saddling borrowers with mortgages they could not afford, the U.S. Department of Housing and Urban Development helped fuel more of that risky lending.
Eager to put more low-income and minority families into their own homes, the agency required that two government-chartered mortgage finance firms purchase far more "affordable" loans made to these borrowers. HUD stuck with an outdated policy that allowed Freddie Mac and Fannie Mae to count billions of dollars they invested in subprime loans as a public good that would foster affordable housing.
From 2004 to 2006, the two purchased $434 billion in securities backed by subprime loans, creating a market for more such lending.
In 2004, as regulators warned that subprime lenders were saddling borrowers with mortgages they could not afford, the U.S. Department of Housing and Urban Development helped fuel more of that risky lending.
Eager to put more low-income and minority families into their own homes, the agency required that two government-chartered mortgage finance firms purchase far more "affordable" loans made to these borrowers. HUD stuck with an outdated policy that allowed Freddie Mac and Fannie Mae to count billions of dollars they invested in subprime loans as a public good that would foster affordable housing.
From 2004 to 2006, the two purchased $434 billion in securities backed by subprime loans, creating a market for more such lending.
Why does this idiot little kid comment on these topics?
Between 2005 and 2008, Fannie purchased or guaranteed at least $270 billion in loans to risky borrowers — more than three times as much as in all its earlier years combined, according to company filings and industry data.
“We didn’t really know what we were buying,” said Marc Gott, a former director in Fannie’s loan servicing department. “
Capitol Hill bore down on Mr. Mudd as well. The same year he took the top position, regulators sharply increased Fannie’s affordable-housing goals. Democratic lawmakers demanded that the company buy more loans that had been made to low-income and minority homebuyers.
Good thing there was like so much super-duper regulations and stuff! I mean, you had to prove to the government that you were credit worthy!
What a fucking moron this kid is.
Unreal.
Between 2005 and 2008, Fannie purchased or guaranteed at least $270 billion in loans to risky borrowers — more than three times as much as in all its earlier years combined, according to company filings and industry data.
“We didn’t really know what we were buying,” said Marc Gott, a former director in Fannie’s loan servicing department. “
Capitol Hill bore down on Mr. Mudd as well. The same year he took the top position, regulators sharply increased Fannie’s affordable-housing goals. Democratic lawmakers demanded that the company buy more loans that had been made to low-income and minority homebuyers.
Good thing there was like so much super-duper regulations and stuff! I mean, you had to prove to the government that you were credit worthy!
What a fucking moron this kid is.
Unreal.
