Thank you tea party patriots!

Red1966 said:

The liberal yarn you are spreading is known as the big lie by the rest of us. Barney Frank, a Democrat, ran the Senate Banking Committee, they agency directly responsible for changing regulations that caused it to happen. It was the Senate Banking Committee that not only allowed it to happen, but encouraged it. They even mandated it.

Click to expand...

you forgot hiding the failure, and concealing the teetering financial state of the semi-governmental agencies which administered the various policy changes. congress covered it's own ass by establishing the bureaucracies, and the bureaucrats once enthroned, enjoyed full access to the taxpayer's pockets and suffered no accountability for their actions and mismanagement.

UncleBuck said:

are you also a believer in the little known truth that barney frank single-handedly controlled both chambers of congress and the presidency from 2000-2006?

i mean, all the history books and liberal media outlets say that the GOP had control of the house, senate, and presidency during that time. but that's all just a lie.

it was barney frank who pulled the strings during that time.

hell, barney frank even led us into iraq. he's super sneaky like that.

Click to expand...

Buck..

You left out the part about the puppies..Were you lying about the puppies?

Red1966 said:

The banks didn't make money on those bad loans. They did cry wolf. You just ignored them, while the media accused anyone sounding the alarm of racism. The government heard them and bought up billions, perhaps trillions, of those loans and changed regulations so the banks could unload them on unsuspecting investors, too. All in order to continue the governments social agenda (buying votes). Then when it all went south, they blamed it on the "racist Republicans". Meanwhile, the Democrats who were in charge of the debacle were the first and loudest of those pointing fingers. Barney Frank was arguably the worst at blaming Republicans, yet he was the most guilty. Just as the executive branch has done their very worst to make the recent shutdown as painful as possible, while they blame it on the "racist Republicans". Hiring guards and putting up barricades at normally unmanned parks involved spending more money than leaving them open. But they needed some "horror" they could blame on "racist Republicans".

Click to expand...

We're the rating agencies Democrats or Republicans?>

UncleBuck said:

are you also a believer in the little known truth that barney frank single-handedly controlled both chambers of congress and the presidency from 2000-2006?

i mean, all the history books and liberal media outlets say that the GOP had control of the house, senate, and presidency during that time. but that's all just a lie.

it was barney frank who pulled the strings during that time.

hell, barney frank even led us into iraq. he's super sneaky like that.

Click to expand...

Frank was there quite a while, but -give everyone a house- began under Clinton as they dismantled, no work welfare. It was just part of the deal.

I really think that anyone that takes sides in all this, in their heart, doesn't understand the art of politics. The deal makers are not taking it to heart, obviously.

nitro harley said:

I think there tax's all went up..Did you miss that part? No more bush tax cuts was awhile back..It should be all good now, plenty of money for the poor and if you qualify it comes with almost free health care.. I hope you were able to sign up with no problems...

Click to expand...

Sorry but I pay my own way. When you figure out a way to stop poor people from eating for FREE I know you'll be proud.

Dr Kynes said:

so you assert Germany is not a "Democratic Socialist State" then...
stop dodging the facts, either it is or it is not. if it is, then yes, you have a Marxist Government, if not, then demonstrate how that are not, cuz they sure are dominated by the socialist parties...

Click to expand...

This is difficult to explain to a simpleton like you, but I'll try again.

German has many political parties. One of the two largest parties is the Social Democratic Party who at times have dominated the government. Along with that they have some center-right capitalist parties.

Because of this Germany has a lot of socialist aspects to their government. There economy is a socialist-capitalist hybrid economy. In most of the world this is know as a moderate centrist economy because it takes the best parts of capitalism and socialism and combines them.

You seem to have mistaken any elements of socialism for Soviet communism. But they aren't the same thing for many reasons. There is market competition, free elections, free press, non-state issued property, income diversity, etc.

They have rich people and poor people. However people who work in Germany have labor rights and get paid a living wage. It's one of the most successful economic models in the world.

so "the right" (nameless faceless boogeyman) is trying to push you into Fascism, a form of socialism, but it is being resisted by the Eco-Socialist Green party, the Deomcratic Socialist party, and the Left Socialist party. man germany is more fucked up than anyone suspected.

Click to expand...

Good credit, relatively low debt, low unemployment, high GDP, living wages. Yeah, Germany is a real post-apocalyptic hellscape.

theres lots of things betwen the anarcho-extreme strawman of entirely fictional anarcho-lasseiz faire capitalism, and the entirely real marxist total control economy of north korea. but youre too stupid to understand that, since you are clearly too stupid to understand that Socialism is Marxism without the revolution and the bullets. or did you forget thats how mussolini and hitler came to power? by the ballotbox, not violent revolution.

Click to expand...

Totally. Fair wages for working people = just like Hitler. Well done. Thank you for being crazy. Thank you for marginalizing yourself and the entire right wing with your nutty talk that makes the majority of Americans want nothing to do with the right wing. I really appreciate stuff like this. It makes liberals seem like the grown up in the room by comparison.

beenthere said:

I'll bet you do, that's the progressives whole plan!

Click to expand...

It is. We are all conspiring to push a moderate balanced mixed economy on the American people. Truly evil.

Red1966 said:

The liberal yarn you are spreading is known as the big lie by the rest of us. Barney Frank, a Democrat, ran the Senate Banking Committee, they agency directly responsible for changing regulations that caused it to happen. It was the Senate Banking Committee that not only allowed it to happen, but encouraged it. They even mandated it.

Click to expand...

If you're speaking specifically about credit default swaps then the name you're looking for is Texas republican senator Phill Gramm. He threatened to block Clinton's legislation (Commodities Futures Trading Act of 2000). Gramm asked for a loophole that would take the regulations and oversight of swaps away from the SEC and let the market self-regulate (small government in action!) and also self rate the investment safety of these swaps. It had nothing to do with Barney Frank. It had to do with Wall St Bankers lobbying Senator Gramm.

This is the same Phill Gramm of the Gramm-Leach-Bliley Act which ended the financial protections of Glass-Steagal which led to us bailing out the banks.

You can pretend it was evil liberals all you want, but the paper trail for the legislation that led to the financial crisis all leads back to republican senator Phill Gramm. Without his actions none of it would have been possible.

Dr Kynes said:

Fascism, a form of socialism

Click to expand...

"Fascism, at any rate the German version, is a form of capitalism" ~George Orwell

Moldy said:

Sorry but I pay my own way. When you figure out a way to stop poor people from eating for FREE I know you'll be proud.

Click to expand...

I was talking about signing up for health care not welfare sorry...The rich peoples tax's went up. Did you want them to go up again?..Poor people can eat for free as long as they want. My wife makes meals for some poor families, and I am proud of that. just so you know..

travisw said:

Do credit default swaps or the derivatives market exist in your fantasy? According to the findings of the bipartisan Financial Inquiry Commission, during the housing bubble over leveraged banks packaged subprime mortgages into securities and passed them onto consumers the world over. They misrepresented/lied about the credit worthiness of these investments. It was the under performance of these securities that caused the "collapse" you speak of. This was able to happen because of financial deregulation not because anyone was forced to make loans. The conservative yarn you are spreading is known as the big lie by the rest of us.

Click to expand...

How many loans did the banks FORCE you to take out? I suppose they twisted your arm and threatened your life if you didn't take out that $750,000 mortgage?

Dan Kone said:

However people who work in Germany have labor rights and get paid a living wage. It's one of the most successful economic models in the world.

Click to expand...

This isn't made possible by the type of government, it is made possible by the fact that Germany is a very productive nation with much wealth. You couldn't do this successfully in a poor country.

Doer said:

but -give everyone a house- began under Clinton as they dismantled

Click to expand...

demonstrably false.

Dan Kone said:

If you're speaking specifically about credit default swaps then the name you're looking for is Texas republican senator Phill Gramm. He threatened to block Clinton's legislation (Commodities Futures Trading Act of 2000). Gramm asked for a loophole that would take the regulations and oversight of swaps away from the SEC and let the market self-regulate (small government in action!) and also self rate the investment safety of these swaps. It had nothing to do with Barney Frank. It had to do with Wall St Bankers lobbying Senator Gramm.

This is the same Phill Gramm of the Gramm-Leach-Bliley Act which ended the financial protections of Glass-Steagal which led to us bailing out the banks.

You can pretend it was evil liberals all you want, but the paper trail for the legislation that led to the financial crisis all leads back to republican senator Phill Gramm. Without his actions none of it would have been possible.

Click to expand...

and the 100% truth is that if clinton did not sign it, shrub would have done the honor a mere year later.

NoDrama said:

How many loans did the banks FORCE you to take out? I suppose they twisted your arm and threatened your life if you didn't take out that $750,000 mortgage?

Click to expand...

A better question would be what was the mortgage payment your bank started you out at and what rate did they end up inflating it to?

UncleBuck said:

demonstrably false.

Click to expand...

You are not really sure what I am capable of.

The Gramm–Leach–Bliley Act (GLB), also known as the Financial Services Modernization Act of 1999, (Pub.L. 106–102, 113 Stat. 1338, enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001). It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. With the passage of the Gramm–Leach–Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate. The legislation was signed into law by President Bill Clinton.

NoDrama said:

This isn't made possible by the type of government, it is made possible by the fact that Germany is a very productive nation with much wealth. You couldn't do this successfully in a poor country.

Click to expand...

Unless you buy into the theory of German racial superiority there has to be a cause of their high production. It's impossible that their financial system is unrelated to their levels of production. Wealth distribution in German is similar to wealth distribution in American in the 1950's-1960's.

The common denominator is a strong healthy middle class who can afford to buy things without incurring too much debt. Something America lost during the Reagan administration and has never really recovered from. The middle class would not exist if it were not for market protectionism. If the free market had it's way there would only be two types of people, ultra-wealthy and poor. This is why social economic protections exist. It's way extremist versions of capitalism are bad.

NoDrama said:

How many loans did the banks FORCE you to take out? I suppose they twisted your arm and threatened your life if you didn't take out that $750,000 mortgage?

Click to expand...

In all honesty, I have no idea what your rambling on about. If this is some sort of trolling thing, I am old and don't get it. Is this going to be followed by funny pics of crabs and presidential pimps? Anyway, if you really showed me a thing or two, good for you.

NoDrama said:

Lack of oversight? Government changed the rules so the oversight was built into the system. Government did away with Glass-Steagal, not the banks. IF government had let the bad banks fail, the banks of today would not be engaged in such foolish endeavors, but alas nothing has changed because there is no longer any risk of banks going under no matter what they do or how illegally they do it. Banks and other financial centers will continue to deal in fraud and deceit and in fact will ratchet up the instances of theses happenings ever more since there is no punishment for doing it. The Attorney General has already publicly stated that the justice department will not pursue actions against any of the large financial companies.

Click to expand...

speaking as a passenger on the titanic "if only they had let the ship sink with all hands aboard the ship builders would have done much better next time.

UncleBuck said:

and the 100% truth is that if clinton did not sign it, shrub would have done the honor a mere year later.

Click to expand...

That is true. It would not have existed if Clinton did not sign he. He does deserve blame for that.

But that's different than being the root cause of the problem. That root cause was clearly Phill Gramm and his republican supporters in the senate. He's the one who wrote the legislation who ruined our economy and insisted Clinton include it if he wanted to pass any legislation.