irmão lúcia

ó garoto claro que se a tua santinha sabe da tua predilecção pour hommes pode ser desbeatificada

há muitos hommes e principalmente mulheres com sólidas ideias económicas e políticas

the real problema oh little cafeh é que:

As I said pushing bank loans for idiots was NOT the only reason. A lot of things had to be changed for that to go through. And that is what the government did. If you see Clinton's statement (available even on wiki). He mentions removing Glass Steagal will help expand CRA et al. See once new risk models are built using securitization ideas, local problems can become global problems. Of course I'm not denying that. But Why did government allow those risk models ? Because the banks told them, look you want us to give loans to idiots we cannot using the current risk model.

Why did house prices keep skyrocketing ? Because now even idiots entered the market with bank generated money. Why should not speculators not buy more houses as investment ? Are they idiots ? They see house prices going up year on year and they take a chance in this mayhem. You can call them wrong only post ante but ex ante their decision was fair as they saw a secular rise in home prices. So you see you are mixing data from random places and are unable to isolate the initial stages of the crisis.

The point is when you break the normal chain of how things work. Like nature designed them. Nature did not design unemployed low IQ idiots to get houses and continue to breed like mad. Instead of creating employment opportunities Government decided giving them free money was the easy route. But Once you change this cycle, shit happens. Suddenly the majority White vote cannot elect a President they want. Suddenly people begin to demand more and more from the government. Suddenly Washington DC starts becoming richer and richer full of lobbying firms. Suddenly companies realize it is better to pay of lobbying firms than start another manufacturing plant to get regulations that suit them. You see this is not racist or not racist. This is just a fact. It is this fact that you are unwilling to accept.
EMichael10:26 AM

Not one number. Not one fact.

Tell me, how does your comment

"If you see Clinton's statement (available even on wiki). He mentions removing Glass Steagal will help expand CRA et al."

and your theory about "breaking the chain" hold up versus the fact that CRA decreased from the time Clinton signed the Gramm Leach bill right through the bubble?


http://www.jchs.harvard.edu/sites/jchs.harvard.edu/files/n08-2_park.pdf

It doesn't, not at all.

Just like everything you said is silly beyond belief. Not least of which is your comment about investors, when it should have been who gave them the loans?

Want to talk, put down a fact instead of an ideology.
CA11:10 AM

Anonymous, the last post shows the level of your ignorance of basic economics. One does not have to be a liberal to object to the hate-filled "the world is flat" rhetoric of ideologues like you. I am not a liberal, but I would much rather side with liberals like EMichael than with stupidity. Oh, and the last sane person out of the GOP please turn off the light!

On substance, here are a few facts:
-The CRA covers only commercial banks and thrifts. Sub-prime lenders, the root of the problem, are not covered. Yes, some of them were affiliated with banks that were covered, but they were a minority.
-Borrowers under the CRA still had to meet the same criteria in terms of income, employment, etc. like any one else. So where is the theoretical link of why CRA loans would be riskier? Could it be that the borrower was most likely black? I don't like to accuse people of racism, but...
-"The current crisis is rooted in the poor performance of mortgage loans made between 2005 and 2007." However, "the CRA rules and enforcement process have not changed substantively since 1995.If the CRA is to blame for the housing bubble, how does one explain the same bubble in Ireland or Spain? These countries do not have a CRA.
-Those who blame the credit expansion to U.S. monetary policy should really read Bernanke's speech on the global saving glut all the way from 2005.

e que nenhum desses grandes hommes será eleito
e su tal de tavares fore que soluções tem?
é outro caldas Hg free élites de m.

despertar os europeus dum sonho de supremacia

é fraco

pois nem eles querem despertar

nem olham para os motins de londontown comme os dos primaveris ái rabes...

vivem na ilusão da superioridade da bolha civilizacional eurropeia

como os super dragões chinocas vivem con fiados na superioridade do mercado do bolhão

são tude bolhões mentaes ó garoto

é o galão que te diz...

fervendo desde 1143....mas sempre assoprado

Tavares da China supunho que seja Tinta da China...