Hey stifftard,
Notice that you can't even keep up with your own links.
One of them claimed "stealth deregulation" of....the FDA and MMS. Neither of which had anything to do with Wall Street.
The other link was to a Media Matters sponsored blog. Notice you can't seem to find an example from an actual news outlet.
To top that off, notice you never even attempted to defend the dumbass assertion that tax cuts and war spending contributed to any economic collapse.
"Battered and bruised" doesn't mean what you think it means.
Dumb fuck.
Nah. That's just your opinion which is often inaccurate. Your argument is walter cronkite? Really, when was that...half a century ago.
You got fox, drudge, breitbart,daily caller, the sheep that make rush, hannity and the other nitwits millionares.
You always point the finger at those crying victim....yet you play victim when it comes to the media and being outnumbered by low income people. Practice what you preach.
I don't have 6 months of expenses in cash. That would be ridiculous for me to do. But you also didn't realize that you can liquidate liquid assets, lol. So maybe that should tell you why I don't have 6 months of non-interest bearing cash just lying around.
You wouldn't understand though. You're broke.
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You actually think this is factual.
Hilarious.
Um, Fannie & Freddie packaged the mortgages. Fannie & Freddie were overseen by....wait for it....OFHEO.
Oh, and:
The subprime market is largely defined as one meant for borrowers of modest credit quality. Naturally, it is widely believed that in order for this market to grow, it had to lower its standards and serve borrowers of even poorer credit quality. However, a recent study of more than nine million mortgages securitized and sold as subprime has found just the opposite.1It reveals that minimum credit quality—as measured by their credit (FICO) scores—on subprime originations actually improved during 2000-2006. In particular, the percentage of loans with origination FICO not greater than 500 dropped from 2.45 percent of total originations during 2000-2002 to 0.31 percent during 2004-2006.
http://www.stlouisfed.org/publications/cb/articles/?id=2040
You are a rank imbecile.
You are broke. That's why you lied again about not betting me. You know the money would be sent to a trusted mod so there would be no chance of you welching. Yet you made up a lame excuse. Just another rx pussy. Go back to poly thread....that way you can feel better about another beating.
http://www.stlouisfed.org/publications/cb/articles/?id=2040
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Ignorant retard doesn't even know what "underwriting" is.
Uh, no it doesn't, idiot.
Naturally, it is widely believed that in order for this market to grow, it had to lower its standards and serve borrowers of even poorer credit quality. However, a recent study of more than nine million mortgages securitized and sold as subprime has found just the opposite
It was very unregulated. NINA loans, NINJA loans, ARM loans, no doc loans, it was literally walk in walk out mortgage lending. All because banks didn't care whether the borrower could pay the loan back because they would pass that risk off to Wall Street who would then pass that risk off to investors.
It was a nice little game with a lot of in between shenanigans that made it worse.
Uh, no it didn't you lying dumb fuck
It says:
The study’s conclusion is that representative subprime originations for later vintages (namely, 2005, 2006 and 2007) would perform significantly better in 2001 and 2002 than representative originations of the same vintages (namely, 2001 and 2002). In light of this evidence, it is difficult to conclude that underwriting was central to the collapse of the subprime mortgage market.
And here is the study, you stupid fucking liar.
http://www.fdic.gov/bank/analytical/CFR/bank_research_conference/annual_9th/Sengupta_R.pdf
