Ignore Ron Paul are the new marching orders?

[briansd1]

[quote=aldante]

http://www.mhmarketingsalesmanagement.com/downloads/mharr/HUDsSecretary-04-14-2010-testimony.pdf

Again I noticed you fail to mention that RP was right 5 years before the collapse. So annoying Brian1[/quote]

Do you read the transcript?

The GSEs did not cause the bubble. They did not lead the market in creating toxic mortgages. They followed.

Without government support housing would have crashed a lot deeper. The GSEs and FHA stepped in to fill gap, after the crash.

The GSEs-along with FHA and Ginnie Mae-stepped in to fill the vacuum, playing an indispensible role at a time of inadequate private capital. Indeed, few would disagree that, had they not played this increased role, the secondary market may well have shut down completely, which would have sharply constrained the availability of new mortgages and households’ ability to take advantage of the opportunity to buy a home or refinance at historically low rates. Any such shut down of the secondary market and lack of financing, in turn, would have reduced demand sharply, leading to a deeper fall in housing prices than we experienced.

[UCGal]

[quote=CONCHO]RP will not win. They have played and exhausted the “ignore” card. Now they will play the “attack” card. Soon we will hear that he is a racist who worships Aqua Buddha. If that does not fix the problem, they will play the “Diebold” card.[/quote]
Not sure how effective the Aqua Buddha card will be, his son was still elected.

But the Diebold card could well work…

[UCGal]

[quote=CONCHO]RP will not win. They have played and exhausted the “ignore” card. Now they will play the “attack” card. Soon we will hear that he is a racist who worships Aqua Buddha. If that does not fix the problem, they will play the “Diebold” card.[/quote]
Not sure how effective the Aqua Buddha card will be, his son was still elected.

But the Diebold card could well work…

[UCGal]

[quote=CONCHO]RP will not win. They have played and exhausted the “ignore” card. Now they will play the “attack” card. Soon we will hear that he is a racist who worships Aqua Buddha. If that does not fix the problem, they will play the “Diebold” card.[/quote]
Not sure how effective the Aqua Buddha card will be, his son was still elected.

But the Diebold card could well work…

[UCGal]

[quote=CONCHO]RP will not win. They have played and exhausted the “ignore” card. Now they will play the “attack” card. Soon we will hear that he is a racist who worships Aqua Buddha. If that does not fix the problem, they will play the “Diebold” card.[/quote]
Not sure how effective the Aqua Buddha card will be, his son was still elected.

But the Diebold card could well work…

[UCGal]

[quote=CONCHO]RP will not win. They have played and exhausted the “ignore” card. Now they will play the “attack” card. Soon we will hear that he is a racist who worships Aqua Buddha. If that does not fix the problem, they will play the “Diebold” card.[/quote]
Not sure how effective the Aqua Buddha card will be, his son was still elected.

But the Diebold card could well work…

[aldante]

Brian1
Your ability to obfuscate is quite admirable. However, I detest that you will not concede in the face of the facts:

Your point was that the GSE’s did not cause the Housing Bust as predicted by RP.

From the transcript: BACKGROUND HOW WE GOT HERE!!!! (to your point)

pg1 paragragh 6

Seeing their market share decline as a result fo this change of demand, the GSEs made the decision to widen their focus from the safter prime loans and begin chasing the non-prime market, loosening long-standing underwiriting and risk managment standards along the way. This would be a fateful decision that not only proved disastrous for the companies themselves – but ultimately also for the American Taxpayer.

Once again….RP was right in what happened and you are trying some rhetorical tool to make your arguement.He never stated that the GSE’s caused the problem but that the passgae of the bill would add fuel to the fire of a false housing boom. Which is exactly what happened.

[aldante]

Brian1
Your ability to obfuscate is quite admirable. However, I detest that you will not concede in the face of the facts:

Your point was that the GSE’s did not cause the Housing Bust as predicted by RP.

From the transcript: BACKGROUND HOW WE GOT HERE!!!! (to your point)

pg1 paragragh 6

Seeing their market share decline as a result fo this change of demand, the GSEs made the decision to widen their focus from the safter prime loans and begin chasing the non-prime market, loosening long-standing underwiriting and risk managment standards along the way. This would be a fateful decision that not only proved disastrous for the companies themselves – but ultimately also for the American Taxpayer.

Once again….RP was right in what happened and you are trying some rhetorical tool to make your arguement.He never stated that the GSE’s caused the problem but that the passgae of the bill would add fuel to the fire of a false housing boom. Which is exactly what happened.

[aldante]

Brian1
Your ability to obfuscate is quite admirable. However, I detest that you will not concede in the face of the facts:

Your point was that the GSE’s did not cause the Housing Bust as predicted by RP.

From the transcript: BACKGROUND HOW WE GOT HERE!!!! (to your point)

pg1 paragragh 6

Seeing their market share decline as a result fo this change of demand, the GSEs made the decision to widen their focus from the safter prime loans and begin chasing the non-prime market, loosening long-standing underwiriting and risk managment standards along the way. This would be a fateful decision that not only proved disastrous for the companies themselves – but ultimately also for the American Taxpayer.

Once again….RP was right in what happened and you are trying some rhetorical tool to make your arguement.He never stated that the GSE’s caused the problem but that the passgae of the bill would add fuel to the fire of a false housing boom. Which is exactly what happened.

[aldante]

Brian1
Your ability to obfuscate is quite admirable. However, I detest that you will not concede in the face of the facts:

Your point was that the GSE’s did not cause the Housing Bust as predicted by RP.

From the transcript: BACKGROUND HOW WE GOT HERE!!!! (to your point)

pg1 paragragh 6

Seeing their market share decline as a result fo this change of demand, the GSEs made the decision to widen their focus from the safter prime loans and begin chasing the non-prime market, loosening long-standing underwiriting and risk managment standards along the way. This would be a fateful decision that not only proved disastrous for the companies themselves – but ultimately also for the American Taxpayer.

Once again….RP was right in what happened and you are trying some rhetorical tool to make your arguement.He never stated that the GSE’s caused the problem but that the passgae of the bill would add fuel to the fire of a false housing boom. Which is exactly what happened.

[aldante]

Brian1
Your ability to obfuscate is quite admirable. However, I detest that you will not concede in the face of the facts:

Your point was that the GSE’s did not cause the Housing Bust as predicted by RP.

From the transcript: BACKGROUND HOW WE GOT HERE!!!! (to your point)

pg1 paragragh 6

Seeing their market share decline as a result fo this change of demand, the GSEs made the decision to widen their focus from the safter prime loans and begin chasing the non-prime market, loosening long-standing underwiriting and risk managment standards along the way. This would be a fateful decision that not only proved disastrous for the companies themselves – but ultimately also for the American Taxpayer.

Once again….RP was right in what happened and you are trying some rhetorical tool to make your arguement.He never stated that the GSE’s caused the problem but that the passgae of the bill would add fuel to the fire of a false housing boom. Which is exactly what happened.

[Arraya]

So the GSE’s widening their market caused the housing bubble? This was the PRIMARY causal mechanism to the biggest GLOBAL market failure of all time? Really? that is what caused every bank in the western world to forget underwriting standards? Remember this is global. The forced banks in spain and Ireland to lend money to anybody? They forced appraisers to inflate values? so forth and so on… Boy those GSEs wield huge power. Amazing.

Surely, the GSEs widening their market was from some misguided bureaucrat trying to help poor people. We know the private industry would have never advocated this.

[Arraya]

So the GSE’s widening their market caused the housing bubble? This was the PRIMARY causal mechanism to the biggest GLOBAL market failure of all time? Really? that is what caused every bank in the western world to forget underwriting standards? Remember this is global. The forced banks in spain and Ireland to lend money to anybody? They forced appraisers to inflate values? so forth and so on… Boy those GSEs wield huge power. Amazing.

Surely, the GSEs widening their market was from some misguided bureaucrat trying to help poor people. We know the private industry would have never advocated this.

[Arraya]

So the GSE’s widening their market caused the housing bubble? This was the PRIMARY causal mechanism to the biggest GLOBAL market failure of all time? Really? that is what caused every bank in the western world to forget underwriting standards? Remember this is global. The forced banks in spain and Ireland to lend money to anybody? They forced appraisers to inflate values? so forth and so on… Boy those GSEs wield huge power. Amazing.

Surely, the GSEs widening their market was from some misguided bureaucrat trying to help poor people. We know the private industry would have never advocated this.

[Arraya]

So the GSE’s widening their market caused the housing bubble? This was the PRIMARY causal mechanism to the biggest GLOBAL market failure of all time? Really? that is what caused every bank in the western world to forget underwriting standards? Remember this is global. The forced banks in spain and Ireland to lend money to anybody? They forced appraisers to inflate values? so forth and so on… Boy those GSEs wield huge power. Amazing.

Surely, the GSEs widening their market was from some misguided bureaucrat trying to help poor people. We know the private industry would have never advocated this.

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