Impeach Trump

xav10 said:
Those are good. Barney Frank in the role of "I am being handsomely supported by the development lobby, so let's not even think about restricting them." Weird. Then you have the others, which basically have Republicans arguing for more regulation! Of course, these pieces go after the Fed-supported mortgage cos., while the private ones (Washington Mutual ring a bell?) aren't mentioned.
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Fannie & Freddie bought those mortgages and insured them. They are/were the link between banks and lenders.
They supplied money back to those entities. That allowed the lenders to continue with the no money down, no interest payment loans....that Fannie and Freddie guaranteed.
Then the bubble popped.....
Between 2008 & 2015, "the greatest transfer of wealth in the history of the world occurred. Some $4.5 trillion was given to Wall Street banks through its Quantitative Easing program, with the American people picking up the IOU."
https://nypost.com/2016/01/17/occup...-massive-transfer-of-wealth-to-the-1-percent/
 
Bruddah IZ said:
Why would you be sure I don't when you've not provided a single source for your "economic history"?
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Not debating the start of the Civil War or the Great Depression or the Recession of last decade. You don’t have reading or comprehension skills. You have masturbatory debates.
 
xav10 said:
Not debating the start of the Civil War or the Great Depression or the Recession of last decade. You don’t have reading or comprehension skills. You have masturbatory debates.
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Educate us about the cause of the depression. Take your time. Or peruse the Econ thread if you like history.
 
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