The evidence is backed by facts. Just like Global Warming. You are always on the other side of educated people. That's why you don't get it. Educated people understand that the crisis was driven by the large increase in private mortgage lending, with little or no underwriting standards. It's not even a debate. Only retards still don't get it. So I guess it makes sense you are still arguing against what everyone already knows. Pretty hilarious.
The evidence is backed by facts. Just like Global Warming. You are always on the other side of educated people. That's why you don't get it. Educated people understand that the crisis was driven by the large increase in private mortgage lending, with little or no underwriting standards. It's not even a debate. Only retards still don't get it. So I guess it makes sense you are still arguing against what everyone already knows. Pretty hilarious.
Feel free to see the chart on page #7 which refutes your comically dumb assertion
From 2000-2009, F&F had a majority of all MBS except for 2 years ('05 & '06).
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/120xx/doc12032/12-23-fanniefreddie.pdf
The agency neglected to examine whether borrowers could make the payments on the loans that Freddie and Fannie classified as affordable. From 2004 to 2006, the two purchased $434 billion in securities backed by subprime loans, creating a market for more such lending. Subprime loans are targeted toward borrowers with poor credit, and they generally carry higher interest rates than conventional loans.
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/09/AR2008060902626.html
No one is saying F&F was innocent. As the official commission report says, they were followers. It was the massive increase of private subprime mortgages that caused the bubble. It was then what Wall Street did with those mortgages that caused the financial collapse. All of this has been known for years.
[h=2]Almost two-thirds of all bad mortgages in our financial system were bought by government agencies or required by government regulations.[/h]
http://online.wsj.com/news/articles...0001424052748704107204574475110152189446.html
"Wall Street"!!!!
Hilarious.
http://online.wsj.com/news/articles...0001424052748704107204574475110152189446.html
"Wall Street"!!!!
Hilarious.
Is Wrong Way, who is wrong about EVERYTHING in the Poly Forum, and evidently, about EVERYTHING related to the Poly Forum, actually saying Vit is stiffing a bet that he made to stay out of the Poly Forum by posting here, or starting threads about Politics in the main Forum? I know Wrong Way's a liar, and is frequently pretty stupid, but even for him, that's quite the stretch. Here is the Bet between Vit and J Deuce. "Anyway, for those of you who don't know the deal, here goes: If vtard doesn't post a profit betting CFB and NFL by the end of the year, he can't post in the Poli forum for a year. If he does indeed turn a profit, I'm on a one-year hiatus."
Willie is LYING. He's not as big a liar as Ace, but he is wrong more often than Ace, because 100% is 100%. Of course Clueless Ace is agreeing with Wrong Way, by calling Vit a Stiff, when he isn't a stiff. Nowhere in that bet is Vit giving up posting about Politics, or starting threads about Politics. The Bet was to stay out of the Poly Forum. PERIOD. Vit, has met those terms to the tee. The place is ALOT poorer for it.
Come on Vit. You know I was pulling for you on the Poly Forum wager but you lost the bet. You started this thread and even mentioned the Poly Forum in the title. It may be a technicality but you are totally violating the spirit of the wager. You can't post in the Poly Forum so you bring the Poly Forum to another Forum to circumvent the rules of the original wager. Not sure how you reconcile the two but since you started the thread and didn't simply respond to another post, I consider your actions to be considered backing out of a lost wager.
Hopefully you will do the right thing.
