Alabama Election Results: Doug Jones Defeats Roy Moore in U.S. Senate Race

All of the "stuff" used for reserves was.

 

Where is this report ??

 

Wrong.

The Rising Risk of a Systemic Financial Meltdown: The Twelve Steps to Financial Disaster

 

That was written in 2008 after the recession started and there is nothing about the root causes of the GFC.

 

So, when is Roy Moore the gigantic child molester loser going to concede?

 

I'll see what i can find.

 

https://www.forbes.com/sites/stevedenning/2011/11/22/5086/

84% of the subprime mortgages were issued by private companies.

That's the statistic that I was trying to quote.

 

Some of the MBS wasn't AAA by any stretch. If it had been properly rated, the banking regs would have been more effective. Not only that, but the crooks might have had less incentive to create the stuff in the first place. That it turn would have taken pressure off home price estimators from mortgage brokers.

Ending Glass-Steagall brought about more risk taking by changing the bank culture. The weakening of SEC enforcement in another problem.

The mortgage brokers who pressured home price estimators to jack up estimates. The homeowners who participated in the fraud. The people who packaged up the fraudulent paper. The people who sold it.

No, they bet on bad commercial paper they were selling.

The wong was misrepresenting the commercial paper they bet against.

From my perspective, you seem rather determined to excuse a lot of bad behavior that hurt a lot of people.

No, the moral is to divise and enforce smart regulations, and to avoid oppressive bureaucratic interference.

 

Hopefully soon, but after he's thoroughly embarrassed himself.

 

Why is jones a swamp rat?

 

And you really think they’re going to give each parent $10,000 to send their kids to private schools? Why not get someone experienced who can improve public schools. I know more than the Secretary of Education I would probably do a better job

 

But they were rated AAA and used as bank reserves.

Glass-Steagall had nothing to do with it. Explain how - be specific.

All your comments are hindsight.

I’m explaining what happened.

 

Give parents market based choices. The $10K can be used for any school - public, charter, or private.

 

Yep those inner-city kids can just add another $15,000 so they can go to the best private schools. I think you need a reality check or at least educate yourself. Let’s improve the public schools and there are many great ways to do it. I experienced it and of course as soon as it was a great success the funding disappeared.

 

For some reason you oppose giving poor kids choices of access to a quality education ??

 

And Fannie and Freddie bought those mortgages and then used them to fulfill their HUD goals and to ensure that the Fannie and Freddie executives got their bonuses.

 

I said how, twice. It brought the more agressive investment bankers into contact with commercial bankers and ended up with investment banker mentality dominating.

 

Anyone with the full approval of schumer and mcconnell is a swamp rat

 

Meaningless ^^

 

And where is that report?

 

Here is an entire book (one of many) which details the activity:

"Fannie Mae & Freddie Mac - Turning the American Dream into a Nightmare" - Oonagh McDonald - 2012

 

The point remains, however, Fannie Mae and Freddie Mac were not responsible for the 2008 financial meltdown.

 

How about making the voucher amount large enough low-income parents can take it to a good school and not have to add tuition they can't afford? Better yet, require private schools enrolling voucher students accept the voucher as the entire tuition, including fees.

Your pal DeVos is a long-time advocate for vouchers that are of no use to lower- and even middle-income families. Subsidized private schools for upper-income kids.

 

You know Moore would have most likely voted no on the tax bill right? So support Moore, oppose Mitch, but support Trump and his tax bill. My head is spinning.

 

I doubt that but really have no personal knowledge either way