http://www.ag.ny.gov/media_center/2012/f...3a_12.html

So as China supports business, we continue to attack business. Then we wonder why their growth rate is 10% and ours is 1%. And the whole world is laughing at us.

The government caused the banking/real estate problem by forcing the banks to loan money to high risk individuals. But the government will never accept the blame. Instead, it will pursue the banks until they are crippled.

(02-04-2012 12:24 PM)UConn-SMU Wrote:  So as China supports business, we continue to attack business. Then we wonder why their growth rate is 10% and ours is 1%. And the whole world is laughing at us.

The government caused the banking/real estate problem by forcing the banks to loan money to high risk individuals. But the government will never accept the blame. Instead, it will pursue the banks until they are crippled.

Not a real big surprise that you support Wall Street crooks.

(02-04-2012 12:27 PM)RobertN Wrote:  

(02-04-2012 12:24 PM)UConn-SMU Wrote:  So as China supports business, we continue to attack business. Then we wonder why their growth rate is 10% and ours is 1%. And the whole world is laughing at us.

The government caused the banking/real estate problem by forcing the banks to loan money to high risk individuals. But the government will never accept the blame. Instead, it will pursue the banks until they are crippled.

Not a real big surprise that you support Wall Street crooks.

You do, indirectly, by supporting Obama.

(02-04-2012 12:24 PM)UConn-SMU Wrote:  So as China supports business, we continue to attack business. Then we wonder why their growth rate is 10% and ours is 1%. And the whole world is laughing at us.

The government caused the banking/real estate problem by forcing the banks to loan money to high risk individuals. But the government will never accept the blame. Instead, it will pursue the banks until they are crippled.

The foreclosure scandal is not the government's fault.

(02-04-2012 12:27 PM)RobertN Wrote:  

(02-04-2012 12:24 PM)UConn-SMU Wrote:  So as China supports business, we continue to attack business. Then we wonder why their growth rate is 10% and ours is 1%. And the whole world is laughing at us.

The government caused the banking/real estate problem by forcing the banks to loan money to high risk individuals. But the government will never accept the blame. Instead, it will pursue the banks until they are crippled.

Not a real big surprise that you support Wall Street crooks.

The crooks are Obama's friends who used Fannie & Freddie for their own political & financial purposes.

Big government, liberal do-gooders who line their own pockets with taxpayers' money are the biggest threat to this country. Jamie Gorelick was at the center of 9/11 and the Fannie/Freddie scandal.

(02-04-2012 01:51 PM)UConn-SMU Wrote:  

(02-04-2012 12:27 PM)RobertN Wrote:  

(02-04-2012 12:24 PM)UConn-SMU Wrote:  So as China supports business, we continue to attack business. Then we wonder why their growth rate is 10% and ours is 1%. And the whole world is laughing at us.

The government caused the banking/real estate problem by forcing the banks to loan money to high risk individuals. But the government will never accept the blame. Instead, it will pursue the banks until they are crippled.

Not a real big surprise that you support Wall Street crooks.

The crooks are Obama's friends who used Fannie & Freddie for their own political & financial purposes.

Big government, liberal do-gooders who line their own pockets with taxpayers' money are the biggest threat to this country. Jamie Gorelick was at the center of 9/11 and the Fannie/Freddie scandal.

Newt Gingrich is Obama's friend?

(02-04-2012 01:02 PM)BlazerFan11 Wrote:  

(02-04-2012 12:27 PM)RobertN Wrote:  

(02-04-2012 12:24 PM)UConn-SMU Wrote:  So as China supports business, we continue to attack business. Then we wonder why their growth rate is 10% and ours is 1%. And the whole world is laughing at us.

The government caused the banking/real estate problem by forcing the banks to loan money to high risk individuals. But the government will never accept the blame. Instead, it will pursue the banks until they are crippled.

Not a real big surprise that you support Wall Street crooks.

You do, indirectly, by supporting Obama.

Is that the Republican talking point from Faux News?

(02-04-2012 01:10 PM)DrTorch Wrote:  

(02-04-2012 12:24 PM)UConn-SMU Wrote:  So as China supports business, we continue to attack business. Then we wonder why their growth rate is 10% and ours is 1%. And the whole world is laughing at us.

The government caused the banking/real estate problem by forcing the banks to loan money to high risk individuals. But the government will never accept the blame. Instead, it will pursue the banks until they are crippled.

The foreclosure scandal is not the government's fault.

Oh please. The Bush Administration raised concerns about the financial situation of Fannie & Freddie because of the number of risky loans and they were called racist. Barney Frank and others forced the banks to make bad loans. The Democrats resisted any attempt to reign in that practice.

Anytime the government gets involved in the economy, bad things happen. It distorts the normal market forces, with bad consequences.

(02-04-2012 01:59 PM)UConn-SMU Wrote:  

(02-04-2012 01:10 PM)DrTorch Wrote:  

(02-04-2012 12:24 PM)UConn-SMU Wrote:  So as China supports business, we continue to attack business. Then we wonder why their growth rate is 10% and ours is 1%. And the whole world is laughing at us.

The government caused the banking/real estate problem by forcing the banks to loan money to high risk individuals. But the government will never accept the blame. Instead, it will pursue the banks until they are crippled.

The foreclosure scandal is not the government's fault.

Oh please. The Bush Administration raised concerns about the financial situation of Fannie & Freddie because of the number of risky loans and they were called racist. Barney Frank and others forced the banks to make bad loans. The Democrats resisted any attempt to reign in that practice.

Anytime the government gets involved in the economy, bad things happen. It distorts the normal market forces, with bad consequences.

That was sarcasm. You haven't been here long but Torchy is an incompetent rigtwing nut. Much like most on this board.

(02-04-2012 01:59 PM)UConn-SMU Wrote:  

(02-04-2012 01:10 PM)DrTorch Wrote:  

(02-04-2012 12:24 PM)UConn-SMU Wrote:  So as China supports business, we continue to attack business. Then we wonder why their growth rate is 10% and ours is 1%. And the whole world is laughing at us.

The government caused the banking/real estate problem by forcing the banks to loan money to high risk individuals. But the government will never accept the blame. Instead, it will pursue the banks until they are crippled.

The foreclosure scandal is not the government's fault.

Oh please. The Bush Administration raised concerns about the financial situation of Fannie & Freddie because of the number of risky loans and they were called racist. Barney Frank and others forced the banks to make bad loans. The Democrats resisted any attempt to reign in that practice.

Anytime the government gets involved in the economy, bad things happen. It distorts the normal market forces, with bad consequences.

I agree with you.

However, the foreclosure scandal is not the same thing as what you're talking about.

(02-04-2012 01:54 PM)RobertN Wrote:  

(02-04-2012 01:02 PM)BlazerFan11 Wrote:  

(02-04-2012 12:27 PM)RobertN Wrote:  

(02-04-2012 12:24 PM)UConn-SMU Wrote:  So as China supports business, we continue to attack business. Then we wonder why their growth rate is 10% and ours is 1%. And the whole world is laughing at us.

The government caused the banking/real estate problem by forcing the banks to loan money to high risk individuals. But the government will never accept the blame. Instead, it will pursue the banks until they are crippled.

Not a real big surprise that you support Wall Street crooks.

You do, indirectly, by supporting Obama.

Is that the Republican talking point from Faux News?

No, moron, it's reality. You should join sometime.

http://www.creditwritedowns.com/2012/02/...ution.html

http://www.huffingtonpost.com/2011/11/15...95933.html

http://dailycaller.com/2012/02/01/briber...z1lFNVBwxn

(02-04-2012 01:10 PM)DrTorch Wrote:  

(02-04-2012 12:24 PM)UConn-SMU Wrote:  So as China supports business, we continue to attack business. Then we wonder why their growth rate is 10% and ours is 1%. And the whole world is laughing at us.

The government caused the banking/real estate problem by forcing the banks to loan money to high risk individuals. But the government will never accept the blame. Instead, it will pursue the banks until they are crippled.

The foreclosure scandal is not the government's fault.

The Foreclosure documentation issues caused by MERS and even non MERS mortgages are not the governments fault.

The intent of MERS was to facilitate the transfer of mortgages as a liquid asset in a timely and cost efficient matter. One by saving the recording fees, and two because there are over 3,000 counties/cities where the recordings have to take place and it is not feasible to have someone in each county . It worked well when banks and S&L’s held their mortgages and you did not have interstate banking. So the only reason you can blame the government for MERS is by saying they did not regulate it.

(02-04-2012 01:59 PM)UConn-SMU Wrote:  

(02-04-2012 01:10 PM)DrTorch Wrote:  

(02-04-2012 12:24 PM)UConn-SMU Wrote:  So as China supports business, we continue to attack business. Then we wonder why their growth rate is 10% and ours is 1%. And the whole world is laughing at us.

The government caused the banking/real estate problem by forcing the banks to loan money to high risk individuals. But the government will never accept the blame. Instead, it will pursue the banks until they are crippled.

The foreclosure scandal is not the government's fault.

Oh please. The Bush Administration raised concerns about the financial situation of Fannie & Freddie because of the number of risky loans and they were called racist. Barney Frank and others forced the banks to make bad loans. The Democrats resisted any attempt to reign in that practice.

BS – the FBI raised issues regarding the Mortgage fraud in 2004 or 2005. Bush responded by cutting their financial fraud unit budget.

Exactly how many bills did Bush and the republican controlled congress pass in regards to this? Barny Frank proposed a bill for regulation of fraud and the GSE’s and it went nowhere in the republican congress because Bush the GOP thought Bush would veto it.

Bush had control of OFHEO who in turn upped the GSE’s affordable housing goals and told them to purchase subprime securities to meet them. Bush was the one who appointed the Management of both the GSE’s after their accounting scandals.