Really Hate to Post this DP

[toppop52]

And you still only know half of what you think you know.

I don't care if your entire family worked for Ford, GM or Chrysler. It has zero bearing on the discussion at hand, or on the topic as a whole.

I started a business once, it didn't take off..........I got no government bailout.

GM was bailed out by us taxpayers, then the stock was recently sold for a major loss.......Another taxpayer bailout for a failed business model.

This is twice I've had to type this because of your inability to understand what is typed.

I suggest that you find some light, get your glasses..........and get a device that you are capable of using so you can correctly respond to posts.

If you want to look at 1920's history......be my guest......as it has no bearing in 2011. Catch up with the rest of the world.

Being an arrogant a$# isn't that appealing generally, but my goodness it fits so well on a narrcissist, such as yourelf. Who exactly appointed you king know it all, anyway? Oh nobody, because only you could do that as the Omnipotent.
I know this will come as a shock to you, it always to does to guys like you, but you really are unlikely the brightest human to ever live. I know, I know, you're certain you are.....
Anyway, I stand by what I said. The bailouts were not how it should go down, however, the events leading to it were not all the fault of the unions or poor management, though they get their dues. Illegal trade practices played a major roll, as did other factors.

 

[rasimmo]

I can't believe I read all this, and really can't believe I am posting in it. I just had to thank everyone for the knowledge I have gotten from this. It was only really two things.

1. Don87 knows everything.:thumbsup:
2. The rest of yall are idiots.:confused2:

Just in case there may be some confusion, I am kidding.

 

[CinderSchnauzer]

I can't believe I read all this, and really can't believe I am posting in it. I just had to thank everyone for the knowledge I have gotten from this. It was only really two things.

1. Don87 knows everything.:thumbsup:
2. The rest of yall are idiots.:confused2:

Just in case there may be some confusion, I am kidding.

Which one are you kidding about? #1? #2?

it was just a matter of time before things went downhill...............

 

[Don87]

Don, I'd probably replace the word forced with heavily encouraged...CRA was a factor, but the ability for a few bad actors to dump their known risk on an unregulated and non-understood CDO/MBS etc market caused most of this.

The banks that balance-sheeted their loans and didn't securitize everything where much more cautious of their risk. These institutions escaped the crisis mostly unscathed. There were many more of the good actors than the bad ones...Unfortunately, the few bad ones were exponential in size.

Wrong answer. Study up a bit, then you will understand the 'force' that was involved.

 

[Don87]

>>>The same Federal banking agencies that are responsible for supervising depository institutions are also the agencies that conduct examinations for CRA compliance.[10] These agencies are the Federal Reserve System (FRB), the FDIC, the Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS). In 1981, to help achieve the goals of the CRA, each of the Federal Reserve banks established a Community Affairs Office to work with banking institutions and the public in identifying credit needs within the community and ways to address those needs.[6]<<<

Signed into law by President Jimmy Carter October 1977. Should be repealed immediately.

You are sooooooooo right, and most don't know this.

They also don't know that the program was put on steroids by the Clinton administration, nor do they know that G.W. Bush tried 7 times to rein in Fannie Mae and Freddy Mac(because he saw what was coming). Every attempt was blocked by Barney Frank and Chris Dodd, who said the housing sector was fine.

I wonder how many on here know that Freddy Mac has just hit the government up for another 1.2 billion dollar bailout??? More taxpayer dollars down the toilet.

 

[Don87]

Being an arrogant a$# isn't that appealing generally, but my goodness it fits so well on a narrcissist, such as yourelf. Who exactly appointed you king know it all, anyway? Oh nobody, because only you could do that as the Omnipotent.
I know this will come as a shock to you, it always to does to guys like you, but you really are unlikely the brightest human to ever live. I know, I know, you're certain you are.....
Anyway, I stand by what I said. The bailouts were not how it should go down, however, the events leading to it were not all the fault of the unions or poor management, though they get their dues. Illegal trade practices played a major roll, as did other factors.

I'm not intending to sound arrogant.

As I stated, most people don't understand what actually happened, that could be the fault of your news sources, or inability to read between the lines then investigate yourself.

I've put out the facts, and a few others have also. You can investigate the stuff yourself, and gain knowledge. Or you can be like the Wall Street protestors and blame all the wrong people for what has happened, and what will happen in the future.

Elections have consequences..............Think long and hard about that.

 

[Don87]

I can't believe I read all this, and really can't believe I am posting in it. I just had to thank everyone for the knowledge I have gotten from this. It was only really two things.

1. Don87 knows everything.:thumbsup:
2. The rest of yall are idiots.:confused2:

Just in case there may be some confusion, I am kidding.

Don definitely doesn't know everything, but, Don has investigated certain things and does have knowledge about certain subjects.

You also can learn a few things............all ya gotta do is search for the truth.

I do want to say that I consider no one an idiot...............just uninformed.

 

[toppop52]

Do you really believe only you are aware of the Bush Administration trying to stop the loans to people who couldn't pay them back, or that the liberals, Like Frank were responsible for the biggest part of the housing loan mess? I hope you aren't thinking just because we don't all see the GM situation as black and white that we are all some kind of left wingers. You assume waaaaay too much. Lighten up, pay attention and recognize what's being said in total, not just "Bailout bad all liberals, therefore all die."
Know what I mean Vern?

 

[whodat526]

Do you really believe only you are aware of the Bush Administration trying to stop the loans to people who couldn't pay them back, or that the liberals, Like Frank were responsible for the biggest part of the housing loan mess? I hope you aren't thinking just because we don't all see the GM situation as black and white that we are all some kind of left wingers. You assume waaaaay too much. Lighten up, pay attention and recognize what's being said in total, not just "Bailout bad all liberals, therefore all die."
Know what I mean Vern?

and that bush and chenny was the ones to put us in to wars that has wasted trillions of dollars with no cause

 

[Martian]

and that bush and chenny was the ones to put us in to wars that has wasted trillions of dollars with no cause

Except protect us from the terrorists who killed more Americans in single attack than ever before...