This is why Trump will be reinstated soon.

[Into the Night]

Trump should be in front of a firing squad.

Hate speech. TDS. Trolling.

 

[Into the Night]

When it comes to regulations, such as the case with mortgages and underwriting standards, the Executive Branch regulates it.

Bush's regulators ceded enforcement of lending standards to the banks in 2004.

Circular argument fallacy (fundamentalism). Denial of the Constitution of the United States.

 

[Althea]

More laughs from the gullible, moronic TrumpTards. Listen closely to the woman in red. She's a serial nut job.

This would be hysterical, if it weren't so sad.

 

[Into the Night]

Wrong; that is the job of the Federal Reserve System. It works independent from political inclinations of Presidents. Be less of a moron.



Another stupid lie. Like I said, I don't think you can post without lying and looking like an uneducated moron.

The Federal Reserve itself, of course, is unconstitutional.
Nothing in the Constitution ever gave Congress authority to create a central authority over banks, or to replace gold and silver as the currency of the United States.

The whole shitshow that is the Federal Reserve comes from Democrats.

 

[Into the Night]

You're so fucking stupid that a reality TV show host conned you into believing lies because reality is just too much for a fragile snowflake like you.

Paradox. Which is it, dude?

 

[Into the Night]

NO IT ISN'T MORON.

Lending regulations are enforced (or not) by the Executive Branch.

This isn't up for dispute.

By what authority? Yes, it's up for dispute. Assumption by declaration fallacy.

 

[Into the Night]

Truth Detector is a moron. Put that troll on ignore.

Inversion fallacy. Trolling. Argument of the Stick fallacy.

 

[Into the Night]

You don't know what the fuck you're talking about.

Federal regulators work for the Executive Branch, not the Federal Reserve.

How is it possible you know less than nothing about this?

Divisional error fallacy.

 

[Into the Night]

It's literally what happened.

"There was a lack of regulatory oversight during the Bush administration ... that's one of the reasons we are in the mess that we are in... Many bad mortgage loans and other loans were made in part because regulators were not empowered and were not playing their proper role."
(Mark Zandi, NPR, 9/16/08)

Zandi is non-partisan.

Circular argument fallacy (fundamentalism). False authority fallacy. What is 'their proper role'? Why what authority?

 

[Into the Night]

Stop being a crybaby and prove it's a lie.

I don't believe you're capable of having a debate about this because you don't know the first thing about this subject, and you're just copying and pasting from other people because you can't do this on your own.

Inversion fallacy. You are describing yourself.

 

[Into the Night]

What you gave me was incomplete and you didn't even read it fully yourself, which is why you can't defend any of it here, and which is why all you do is whine like a crybaby that I'm lying, yet you're the one who can't disprove anything I've posted.

Clinton imposed a rule on the GSE's in 2000 that prevented them from buying risky loans, then YOUR GUY BUSH reversed that rule in 2004.

It's right there, plain as day:

"(In 2000) HUD restricted Freddie and Fannie, saying it would not credit them for loans they purchased that had abusively high costs or that were granted without regard to the borrower's ability to repay."

"In 2004, the 2000 rules were dropped and high‐risk loans were again counted toward affordable housing goals."

More cut and pasting. Apparently you have no mind of your own.

 

[Into the Night]

I'm so glad you brought this up because Bush's Treasury Secretary told Congress in 2003 that there was no risk to GSE's:



And when it came to protecting the GSE's, it was the Bush Administration who put the kibosh on that regulation in 2003:



And that's not really surprising since in 2003, the same Bush Administration killed a bipartisan GSE reform bill:



You, Bush, and the GOP did everything you could to inflate a housing bubble to make it look like the tax cuts were responsible for everything.

Bush and the GOP did not inflate or cause a housing bubble.

People did that.

 

[Into the Night]

Because at the time, there was no risk...this hearing in 2004 happened before Bush's regulators ceded regulation to the lenders.

And there was no risk, even according to Bush's Treasury Secretary in 2003:

https://www.govinfo.gov/content/pkg/CHRG-108hhrg92231/html/CHRG-108hhrg92231.htm
The reason there was no risk was because of the HUD rules that Clinton imposed in 2000 that your guy Bush the Dumber reversed in 2004.

And if there was some major risk to GSE's why did you and Bush kill GSE reform in 2003?

What the fuck were you thinking?

RQAA. Trolling.

 

[Into the Night]

I don't mind it because it lets me build a clear cut case for why his shitty beliefs are the cause of the economic collapse.

Attempted proof by circular argument (fundamentalism).

 

[Into the Night]

Truth Detector is a racist. I put all racists on IGNORE. I have no interest to converse with fucking racists. They are unAmerican POS.

Fallacy fallacy. Argument of the Stick fallacy.

 

[Into the Night]

NOT ENFORCEMENT, ASSHOLE.

The Fed set out uniform principles and standards that are enforced by other agencies.

Do you not read what you post before you post it??????

It is enforced by the Fed (illegally).

 

[Into the Night]

OMFG...regulators work for the executive branch...that is who hires them.

The Federal Reserve set out rules and principles for other agencies to enforce and follow...you know, like what you literally quoted.

What a dipshit.

So you say it's not the Federal Reserve, now you say it is. Which is it, dude?

 

[Into the Night]

I did read it, and responded to it directly.

You're the one who responded with the same stolen GIFs over and over because you can't improvise.

You're a liar. You obviously haven't read anything on the subject.

 

[Into the Night]

I have seen Conservatives post that stupid video for years on the internet and every time they do, I ask them when that hearing was because the date of that hearing was before Bush's regulators ceded enforcement of lending standards to the banks, and before Bush forced GSE's to buy risky loans.

So in early 2004, there was no risk to the GSE's because of the 2000 HUD rule that Clinton imposed.

But then in mid-2004, after that hearing, Bush reversed that HUD rule and GSE's resumed counting risky loans toward affordable housing goals.

WHY DID BUSH REVERSE THAT RULE IN 2004?

RQAA. Trolling.

 

[Into the Night]

What a fucking crybaby.

This is why no one respects you here or IRL.

Omniscience fallacy. Insult fallacy. Trolling.