The Democrats and Globalists orchestrated the 2008 market crash to usher in Obama. That was just a little crash, imagine what they would do to get Trump out of office if it looks they are going to permanently lose power.
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Right now, I'm not sure I'd even put Doing a Skynet and deliberately starting a nuke exchange past them if it comes to that--just like a crazy stalker ex, "if I can't have her nobody can." Besides, once the proles are culled globally that's that many less to put up a fight, and the survivors can be made more dependent on them...
https://www.youtube.com/watch?v=OciDCn9Xqck
The 2008 crash was pure greed and risk shifting all the way around from Wall Street, realtors, home flippers and credit agencies that left everyone holding the bag. Sure, they used it to push their collectivist agenda and programs- but that was post mess. That mess had been brewing for years.
The way that Mueller is running things, we might as well just have a standing special prosecutor for POTUS. All I know is that Trump better plant some legal landmines for the next admin so that we can finally get to an understanding that these things are out of hand.
"Commissioner Wallison's dissenting statement did place the blame squarely on government housing policies, which in his view contributed to an excessive number of high-risk mortgages: "...I believe that the sine qua non of the financial crisis was U.S. government housing policy, which led to the creation of 27 million subprime and other risky loans—half of all mortgages in the United States—which were ready to default as soon as the massive 1997–2007 housing bubble began to deflate. If the U.S. government had not chosen this policy path—fostering the growth of a bubble of unprecedented size and an equally unprecedented number of weak and high risk residential mortgages—the great financial crisis of 2008 would never have occurred."[1]"
Peter Wallison was the only one who had it correct. The real thing is though, look at the timing of when it occured. Who was running for President? What ties did that person have to those who made changes to the Glass-Steagall Act? Ironically the answer is also found on the same Wiki page.
https://en.wikipedia.org/wiki/Govern...ortgage_crisis
Ron Paul predicted and warned about the housing crash years before it came to fruition, but he is labeled as the "crazy guy" by the media. That is what the media does to people trying to tell the truth that doesn't support the globalist agenda, if there is no dirt on them, then label them crazy. Works every time.
Okay, wait. Did the government force those guys to make bad loans? Did the government force lenders to go to people and say 'Hey your home has increased in value, you now have 100,000 equity, how about we refinance and you can use the extra money to pay bills?'
It was pure unfettered greed on the part of the mortgage makers, they didn't police themselves. Period. Paragraph.
It was greed, backed by the federal government with indirect federal subsidies that promised to bail out government sponsored enterprises (Freddie Mac, Fannie Mae, etc) in times of economic difficulty. The government fed that greed promising no risk, while promising them no matter what happens, the American taxpayer will ultimately be stuck holding the stinky bag of ass.
I thought the Housing and Community Development Act of 1992 did force them to give high risk loans.
Im not saying banks were innocent, but i think there were a lot of factors. Bad business decisions by banks, bad regulation by gov, and poor life choices by people that led to the crash- though i havent studied it in great detail, just a little.
Edited to write detail instead of doeth. Oddest autocorrect ive experienced.
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This actually started with Carter, but yes, it was during Clinton's tenure that the law was passed and essentially was forcing banks to give out sub prime mortgages to minorities that couldn't afford it or otherwise had poor credit. Those banks bundled a bunch of the bad loans with a few good ones, sold them to Lehman brothers and Bear Stearns and the like and Voila!
Yes the government did force the banks to make those loans to people who otherwise shouldn't even have mortgages. They would audit banks based on their lending criteria and who they turned down for loans. There was all kinds of fines and sanctions against the banks for refusing certain people loans. It was like affirmative action for lending- except no longer actually counting credit scores, just whether or not they had a job.