The regulators were the ones who were supposed to protect us from the duplicity. Instead, they backed off to allow the duplicity to happen.
So the question is, why did Bush's regulators back off from the duplicity starting in 2004?
Why is it the Bush Mortgage Bubble? Because Bush created it.
- Thread starter LV426
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The regulators were the ones who were supposed to protect us from the duplicity. Instead, they backed off to allow the duplicity to happen.
So the question is, why did Bush's regulators back off from the duplicity starting in 2004?
Teflon Don
I'm back baby
Didn’t say that at all. Only a simple thinker like you would infer that
That is exactly what you said.
In trying to socialize the blame for actions taken by the Bush Administration, you go back 70 years to blame FDR for federal housing policy.
As if the ghost of FDR is able to Jedi mind trick the Bush Administration into creating and inflating a housing bubble nearly 60 years after FDR died.
And it wasn't even federally-backed loans that caused the crisis...it was privately-backed subprime loans that GSE's were prohibited from buying thanks to Clinton, only to see Bush reverse that rule 3 years after Clinton left office.
This is what I mean when I say you are in way over your head.
Now comes the part where you whine like a little bitch about how perfect Democrats are.
So proceed, little bitch.
Jerry Mathers
Was it me?
dems are just as corrupt. im not a republican. im a temporary trump supporter and I have issues with him.
im a disloyal populist whore.
No, you don't get to bOtHsIdEs here. That's lazy.
I've laid out an air-tight case for who is to blame for the mortgage crisis, and you need to come to terms with it.
So when faced with mounting evidence of the guilt of the Bush Adminstration's actions to create and inflate a mortgage bubble, your immediate instinct is to BoThSiDeS.
How come? How come you feel compelled to BoThSiDeS when the evidence is overwhelming that just one side is to blame?
I'll tell you exactly why; if you were forced to reconcile the truth of what I've posted, you could no longer portray yourself as some sort of sagely, above-it-all, non-partisan deep thinker because you'd be forced to conclude that blame for the mortgage crisis can't be socialized, which would mean that there is no equivalence to be made, which would mean you'd have to actually come down on a side after a sober reading of the truth.
So the reason you BoThSiDeS is because you're too afraid to confront the fact that your instincts and judgment aren't all they're cracked up to be, and that you have a lot to learn.
Jerry Mathers
Was it me?
the bankers are to blame.
would you not blame a bank robber because police let him get away?
you're a cretin. you're roundly defeated.
The bankers weren't the ones who dramatically weakened the enforcement of lending standards in 2004.
It was Bush's regulators who did that.
Now, if you're going to say that Conservatives deliberately put bankers in positions of power within our government to benefit themselves, then I'd agree with you. But that would also mean you'd have to have Conservatives accept the blame for the mortgage crisis since they're the ones who picked those bankers for those vital positions.
So no matter how you swing it, you still need to blame Bush and the Conservatives for creating and inflating a mortgage bubble to cover for the failure of their tax cuts to deliver on any of the promises made of them.
Promises they again repeated at the end of 2017 to justify their latest shitty tax cut.
Jerry Mathers
Was it me?
my response is "neither of the sides", the bankers are to blame.
you have alot of brainwash to undo, and bad karma to ungunch.
They didn't let him get away, they conspired with him to rob the bank, and they did that by weakening the enforcement of lending standards for subprimes in 2004, like I've been saying this whole time.
The bankers couldn't have issued the garbage subprime loans without the Bush Administration's regulators ceasing the enforcement of lending standards.
One cannot happen before the other. One didn't happen before the other.
Teflon Don
I'm back baby
Not what I said at all. But I have no illusion that you are interested in how it happened
Being the shallow thinker that you are you have to blame it on one thing
Simplistic thinkers are like that
The housing crisis was many years in the making.
Those who attempt to blame it on one thing are simpletons who deserve derision and are not to be taken seriously
But if it makes you feel comfy and cozy at night blaming just Bush then I cannot stop you
Teflon Don
I'm back baby
ROFLMAO
Such foolishness
If you are so brilliant why are you wasting your time on a little trafficked message board? You should be blogging for Vox
Yes, it is what you said.
You literally said FDR was to blame.
FDR had nothing to do with Bush's regulators ceasing the enforcement of lending standards on subprime loans beginning in 2004.
Jerry Mathers
Was it me?
do you think banks influenced the decision to lower standards?
and couldn't banks have voluntarily kept reasonable standards?
Jerry Mathers
Was it me?
you're demolished, lv24601, you need to come to terms with it.
No it wasn't, you little bitch.
Not even the Bush Administration thought so in September 2003, and here's the quote from Bush's own Treasury Secretary Snow:
This is hilarious given you're the one who has been blaming Clinton, then FDR, for the actions Bush took in 2004.
Amazing that Democrats are so easily able to use their Jedi Mind Trick powers into getting Republicans to destroy the economy instead of admitting their tax cuts fucking suck and are dumb policy.
Teflon Don
I'm back baby
I said the problem started with FDR as he started the process of getting the gobblement involved in housing
Blame falls on many. Presidents, Congress, the Fed, banks and the people taking out the loans
That apparently is too complicated for you to wrap your brain around.
But because you have proclaimed that you presented such an airtight case, I submitted your thread to Vox. You should be hearing from the soon
What a little bitch you are, and I think you even know what a little bitch you are.
You can't do anything to counter any of the arguments I made here. First, you blamed Clinton, then you blamed FDR, and now you're saying no one is to blame because it's too complex!
It's not that complex.
The subprime bubble started in 2004 and popped by 2007, and it was inflated to give the impression the economy was growing because of the tax cuts, when it was really growing because of debt.