Rich ‘virtually no one ‘ Toscano

[Arraya]

Here is a little excerpt of what happened when republicans tried to put more regulations on Freddie and Fannie..

Posturing. Just like the demacorps that pretend they are anti-war. Hint: Looks good for the constituentcy. Nobody questions the banksters, they reign supreme.

If economic idiots like myself could see this coming back in 05 so could they. Hell, Bernakes expertise is the depression, coincidence?

You have to ask yourself, why, if you believe the knew it was coming?

[Anonymous]

Has anyone compared the total $$$ amount for subprime mortgages serviced by Fannie/Freddie vs. the $$$ amount for mortgage securities/CDS’s?

$47.2 billion – Fannie Mae
$120.8 billion – Freddie Mac

CDS’s in the financial market – current estimate $60 trillion in credit default swaps.

I’m not particularly enamored with Republicans or Democrats, and I really dislike spin since most Americans don’t have the critical/independent thinking skills to decipher what is really being said. Do some research and don’t blindly believe what either party is telling you. Both parties are guilty in this financial crisis. Anyone who believes the crap being fed to them deserves it.

[Anonymous]

Has anyone compared the total $$$ amount for subprime mortgages serviced by Fannie/Freddie vs. the $$$ amount for mortgage securities/CDS’s?

$47.2 billion – Fannie Mae
$120.8 billion – Freddie Mac

CDS’s in the financial market – current estimate $60 trillion in credit default swaps.

I’m not particularly enamored with Republicans or Democrats, and I really dislike spin since most Americans don’t have the critical/independent thinking skills to decipher what is really being said. Do some research and don’t blindly believe what either party is telling you. Both parties are guilty in this financial crisis. Anyone who believes the crap being fed to them deserves it.

[Anonymous]

Has anyone compared the total $$$ amount for subprime mortgages serviced by Fannie/Freddie vs. the $$$ amount for mortgage securities/CDS’s?

$47.2 billion – Fannie Mae
$120.8 billion – Freddie Mac

CDS’s in the financial market – current estimate $60 trillion in credit default swaps.

I’m not particularly enamored with Republicans or Democrats, and I really dislike spin since most Americans don’t have the critical/independent thinking skills to decipher what is really being said. Do some research and don’t blindly believe what either party is telling you. Both parties are guilty in this financial crisis. Anyone who believes the crap being fed to them deserves it.

[Anonymous]

Has anyone compared the total $$$ amount for subprime mortgages serviced by Fannie/Freddie vs. the $$$ amount for mortgage securities/CDS’s?

$47.2 billion – Fannie Mae
$120.8 billion – Freddie Mac

CDS’s in the financial market – current estimate $60 trillion in credit default swaps.

I’m not particularly enamored with Republicans or Democrats, and I really dislike spin since most Americans don’t have the critical/independent thinking skills to decipher what is really being said. Do some research and don’t blindly believe what either party is telling you. Both parties are guilty in this financial crisis. Anyone who believes the crap being fed to them deserves it.

[Anonymous]

Has anyone compared the total $$$ amount for subprime mortgages serviced by Fannie/Freddie vs. the $$$ amount for mortgage securities/CDS’s?

$47.2 billion – Fannie Mae
$120.8 billion – Freddie Mac

CDS’s in the financial market – current estimate $60 trillion in credit default swaps.

I’m not particularly enamored with Republicans or Democrats, and I really dislike spin since most Americans don’t have the critical/independent thinking skills to decipher what is really being said. Do some research and don’t blindly believe what either party is telling you. Both parties are guilty in this financial crisis. Anyone who believes the crap being fed to them deserves it.

[Eugene]

I think that we all had front-row seats in the housing bubble. If neither you nor people you know are in the market for a house, and/or you don’t live in a housing-bubble area, it’s hard to see the bubble. Most of those people you’re blaming are long-time homeowners and they are quite rich. Even here in San Diego, high end did not get all that bubbly.

[Eugene]

I think that we all had front-row seats in the housing bubble. If neither you nor people you know are in the market for a house, and/or you don’t live in a housing-bubble area, it’s hard to see the bubble. Most of those people you’re blaming are long-time homeowners and they are quite rich. Even here in San Diego, high end did not get all that bubbly.

[Eugene]

I think that we all had front-row seats in the housing bubble. If neither you nor people you know are in the market for a house, and/or you don’t live in a housing-bubble area, it’s hard to see the bubble. Most of those people you’re blaming are long-time homeowners and they are quite rich. Even here in San Diego, high end did not get all that bubbly.

[Eugene]

I think that we all had front-row seats in the housing bubble. If neither you nor people you know are in the market for a house, and/or you don’t live in a housing-bubble area, it’s hard to see the bubble. Most of those people you’re blaming are long-time homeowners and they are quite rich. Even here in San Diego, high end did not get all that bubbly.

[Eugene]

I think that we all had front-row seats in the housing bubble. If neither you nor people you know are in the market for a house, and/or you don’t live in a housing-bubble area, it’s hard to see the bubble. Most of those people you’re blaming are long-time homeowners and they are quite rich. Even here in San Diego, high end did not get all that bubbly.

[kewp]

[quote=capeman]Then they need to reevaluate what PhDs/MBAs from Ivy League business schools are worth. Since most of these fools in power who have them didn’t have the common sense of the armchair economist Bloggers who foresaw this. [/quote]

Oh, they knew. It just wasn’t in their best interest to be truthful about it. They aren’t that stupid.

Why do you think government tightened up the bankruptcy laws in 2005? Because they knew this was coming and wanted to make us debt slaves.

In our case; it *was* in our best interest to be truthful about it.

Edit: Think of it this way. If you speak the party line; you get very rich. If you tell the truth, you get fired. What would you do?

[kewp]

[quote=capeman]Then they need to reevaluate what PhDs/MBAs from Ivy League business schools are worth. Since most of these fools in power who have them didn’t have the common sense of the armchair economist Bloggers who foresaw this. [/quote]

Oh, they knew. It just wasn’t in their best interest to be truthful about it. They aren’t that stupid.

Why do you think government tightened up the bankruptcy laws in 2005? Because they knew this was coming and wanted to make us debt slaves.

In our case; it *was* in our best interest to be truthful about it.

Edit: Think of it this way. If you speak the party line; you get very rich. If you tell the truth, you get fired. What would you do?

[kewp]

[quote=capeman]Then they need to reevaluate what PhDs/MBAs from Ivy League business schools are worth. Since most of these fools in power who have them didn’t have the common sense of the armchair economist Bloggers who foresaw this. [/quote]

Oh, they knew. It just wasn’t in their best interest to be truthful about it. They aren’t that stupid.

Why do you think government tightened up the bankruptcy laws in 2005? Because they knew this was coming and wanted to make us debt slaves.

In our case; it *was* in our best interest to be truthful about it.

Edit: Think of it this way. If you speak the party line; you get very rich. If you tell the truth, you get fired. What would you do?

[kewp]

[quote=capeman]Then they need to reevaluate what PhDs/MBAs from Ivy League business schools are worth. Since most of these fools in power who have them didn’t have the common sense of the armchair economist Bloggers who foresaw this. [/quote]

Oh, they knew. It just wasn’t in their best interest to be truthful about it. They aren’t that stupid.

Why do you think government tightened up the bankruptcy laws in 2005? Because they knew this was coming and wanted to make us debt slaves.

In our case; it *was* in our best interest to be truthful about it.

Edit: Think of it this way. If you speak the party line; you get very rich. If you tell the truth, you get fired. What would you do?

[Author]

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