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+--- Thread: How we got to this place (/showthread.php?tid=62913)
Re: How we got to this place - mattkime - 09-26-2008
there is little that is partisan about this problem but swampy is clearly someone who is trying really, really hard to make it so.
Re: How we got to this place - Greg the dogsitter - 09-26-2008
Lux Interior wrote:
[quote=Greg the dogsitter]
What part of the video was thoughtful, please?
Greg, I'm going to have to respectfully request that you stop these personal attacks on me. Our country is in a crisis.
I do not appreciate your unwillingness to answer, and will now photoshop your head onto sexy bikini models.
Re: How we got to this place - Lux Interior - 09-26-2008
swampy wrote:
Well, you almost got it right Lux. You get an E for effort.
Well, I'm glad you understand the whole thing. When do you fly to DC to testify before congress?
swampy wrote:
To the rest. I expect you to ignore it 'cause your mind is made up. I guess this is where I say "Gee, guys, I hate to confuse you with the facts." But regardless of what the facts are (and this video quotes the LA Times, the NY Times and other left wing sources).
Why are these "Evil" liberal sources always so right when they support your POV but totally biased when they don't?
And i suppose your mind isn't made up? You need to look in the mirror and exorcise some of these demons.
Re: How we got to this place - kanesa - 09-26-2008
swampy wrote:
Well, you almost got it right Lux. You get an E for effort.
To the rest. I expect you to ignore it 'cause your mind is made up. I guess this is where I say "Gee, guys, I hate to confuse you with the facts." But regardless of what the facts are (and this video quotes the LA Times, the NY Times and other left wing sources).
So, where are your facts to prove this is wrong? Oh, yeah.. I forgot, John Dailey, David Letterman, Keith Olberman, Bill Maher.... ad nauseam always speak truth to power,
and your source of information is youtube. I can see where we have all gone wrong.
Re: How we got to this place - swampy - 09-26-2008
Matt.."there is little that is partisan about this problem but swampy is clearly someone who is trying really, really hard to make it so."
I have said in other threads that I want a full independent investigation of what caused all this. Name names. Prosecute where applicable. There is enough blame to go around and any investigation is going to find both Republican and Democratic slugs under the rocks.
If you find other reasonable evidence of other causes of this crisis, bring them on. I'm just trying to understand what and who was at the bottom of this from Jimmy Carter on. I found this jam packed video very informative and well documented.
Re: How we got to this place - Lux Interior - 09-26-2008
swampy wrote:
I found thisjam packedvideovery informative and well documentedagreed very well with my pre-conceived notions that democrats & their mind-control ray are to blame.
FTFY.
Re: How we got to this place - Greg the dogsitter - 09-26-2008
Okay, here's some of the video, transcribed, with my own comments.
The vid: "The Democrats added massive new provisions..."
Wikipedia (?): "Part of the increase in home loans was due to...lenders, like Countrywide, that do not mitigate loan risk...using the new subprime authorization."
(Greg: Why ellipses? And what's the context for this?)
The vid: "That forced banks to issue..."
(Greg: Forced? How forced?)
The vid: "$1 Trillion in New "Subprime" loans"
PolicyLink - begin here...
The Community Reinvestment Act (CRA) was established by Congress in 1977. The Act requires that deposit-taking financial institutions offer equal access to lending, investment and services to all those in an institution's geographic assessment area-at least three to five miles from each branch. In the case of large banks with many branches, the geographic area may encompass an entire county or even a state.
Before the CRA, many bankers excluded low-income neighborhoods and people of color from their lending products, investments, and financial services - a practice known as "redlining". Community activists coined the term when they discovered that the failure of banks to make loans in some low-income neighborhoods was so geographically distinct, that it was easy to draw red lines on maps to delineate the practices.
In the 1970s, activists in Chicago and across the country brought strong pressure on banks to lend equitably to all those in their communities. Since its passage, the CRA has been used across the United States to win tens of billions of dollars in new lending, investments, and services for communities. The National Community Reinvestment Coalition tracks more than $1 trillion dollars in community reinvestment pledges nationally. These pledges are explicit investments in equitable development goals, and finance many tools in this toolkit.
PolicyLink - end here.
The vid: ...and created subprime mortgage securities.
http://www.city-journal.org/html/10_1_the_trillion_dollar.html:
Greg, here.
I might have just started at the city-journal article, which I'll bookmark and read later. As with the PowerPoints I rail about on the other side, I can't follow this video. That's probably my own shortcoming.
Re: How we got to this place - Lux Interior - 09-26-2008
Greg the dogsitter wrote:
The vid: "That forced banks to issue..."
(Greg: Forced? How forced?)
Are you not f%^#%$ing listening to me?
MIND! CONTROL! RAY!
Re: How we got to this place - Greg the dogsitter - 09-26-2008
Excellent! Very funny! A++++++ response!! Would do business again!
:-)
Lux Interior wrote:
[quote=Greg the dogsitter]
The vid: "That forced banks to issue..."
(Greg: Forced? How forced?)
Are you not f%^#%$ing listening to me?
MIND! CONTROL! RAY!
Re: How we got to this place - Don Kiyoti - 09-26-2008
Swampy, (why am I even responding to this????) how much time exactly did you spend vetting and fact checking that video? How do you know it's accurate? Did YOU look it all up or do you just store all those facts in that big brain of yours? Do you know who made it? Why do you trust them?
Never mind. I'll have better luck teaching my cats to add.