#2930241 - 09/03/12 06:53 AM
Looks like it all started with Obama
|
Wildcat
Non-Typical
Registered: 06/10/00
Posts: 39108
Loc: Western Ky.
|
Offline
|
|
http://dailycaller.com/2012/09/03/with-l...ican-americans/
If that link doesn't work try this one and clink on the top story.
http://dailycaller.com/
_________________________
A Government that does not trust its law abiding citizens to keep and bear arms, is itself unworthy of trust..... - James Madison
|
|
Top
|
|
|
|
|
#2930317 - 09/03/12 08:34 AM
Re: Looks like it all started with Obama
[Re: Wildcat]
|
BMan
14 Point
Registered: 02/06/06
Posts: 8922
Loc: Middle TN
|
|
Offline
|
|
Too much truth in that article for the libtards; it'll never see major exposure on the "news" networks.
_________________________
Rules are for people who lose fights.
|
|
Top
|
|
|
|
|
#2930473 - 09/03/12 10:45 AM
Re: Looks like it all started with Obama
[Re: BMan]
|
fishboy1
14 Point
Registered: 01/13/03
Posts: 9719
Loc: Warren Co
|
|
Offline
|
|
Progressives are nothing but con artists and thieves draped in PR.
The hole (spelling intentional) CRA scam worked like this.
Progressive elite figured out that the poor would be easy to fleece. With little resources, and less financial education, they could easily be manipulated.
The evil progressives used the CRA to get rich and screw the blacks in the bargain. (Remember that most progressives are socialists. Socialists have a rich and bloody history of racism and genocide)
So Carter pushes CRA and starts slowly fleecing the poor, primarily blacks. Not good enough. Poor don't have enough money and not enough are being taken advantage of ... um er.... helped.
Enter Obumbla, Clinton, Bawney Franks, and the other Socialist con men in the 90's. Banks were still reluctant to take losses on bad loans so they were granted the ability to create Mortgage backed securities and derivatives. Add in the class action lawsuits and pressure for Fanny and Freddy to buy up all the crap mortgages and it was Wide OPEN! Now any poor person could buy a house and the Taxpayers would pick up the tab for any bad loans!
Even cooler.... The banks could sell those derivatives to the rest of the suckas through their retirement accounts and they wouldn't even know it!
Genius!
Kaaaaaablooomp. The bubble popped and now who is hosed and who is rich.
THE HOSED.
1. Poor. What little savings you had went into your house and now your credit is trashed, savings is gone, and you are back in rentals or gubment housing. You are probably still trying to figure out what happened years later. Your hope is crushed and you are angry. (that anger is another opportunity for slimy race baiting politicians )
2. Citizens. Thanks to TARP, Fanny, Freddy, Bailouts galore, we are stuck with TRILLIONS in debt and obligations. The banks made a pile of dough and we got stuck with the trash. The housing market is still sucking wind and confidence is low. Elderly who were counting on the value of their houses to be their retirement nest egg have lost a large % of value.
3. Investors. Those who bought into the hype, and those who have retirement accounts and pensions that invest in the market got hammered too. Derivatives were included as a piece of many retirement funds and mutual funds. For a short time, they inflated the growth of those funds. IF you got out before the crash you made money, if not you got crushed.
WHO Made out.
1. Politicians. Many got the PR bump of claiming to "do something" to "help" the poor, Then played the race card by claiming to "help minorities". When the crash came, they pointed fingers then grabbed more power under the guise of "crisis". Since they are immune from insider trading violations, many made insane profits passing legislation benefiting their stocks/bonds. They were also able to sell, or short their investments containing the Mortgage backed securities and derivatives to their advantage. Now they are playing the race card again to maintain power and wage class warfare.
2. Banks
Banks make money in 2 ways.
The first is like the meter on a gas pump. As money moves through the system, they get a little % of the transactions based on the flow of money through fees.
The second is on investments. Banks made enormous amounts of money on derivatives, loan origination fees, margin on selling mortgages, and interest on loans.
The banks that didn't get out in time, or were left holding too much, got bailouts from taxpayers instead of going bankrupt.
All this disaster came from a "good idea" to "help" the poor.
When you look at the corruption and results, it should be obvious that the government should NEVER have been involved.
_________________________
A gun in the hand is worth 2 cops on the phone. No one can name a single power the government has granted itself that hasn't been abused. Socialism is for losers http://amillerphotoevent.com
|
|
Top
|
|
|
|
|
#2930485 - 09/03/12 11:03 AM
Re: Looks like it all started with Obama
[Re: fishboy1]
|
TOW
10 Point
Registered: 06/29/05
Posts: 4133
Loc: Back 40
|
|
Offline
|
|
No surprise there. That is what "community organizers" do. Shake people down
|
|
Top
|
|
|
|
|
#2930555 - 09/03/12 12:51 PM
Re: Looks like it all started with Obama
[Re: TOW]
|
Koyodiak
8 Point
Registered: 04/12/10
Posts: 1347
Loc: Kodak, TN
|
|
Offline
|
|
I read that article last night.
This is even bigger than Fast & Furious, and correspondingly, will see even less attention than F & F.
_________________________
"...I don't need change
Baby, I need foldin' money..."
|
|
Top
|
|
|
|
|
#2930943 - 09/03/12 07:38 PM
Re: Looks like it all started with Obama
[Re: Koyodiak]
|
FLTENNHUNTER1
16 Point
Registered: 11/21/07
Posts: 14545
Loc: Tampa FL
|
|
Offline
|
|
Makes me want to bayonet a liBeRal in the neck.
_________________________
The Second Amendment - George Washington didn't use free speech to defeat the British, he shot them.
"If there must be trouble, let it be in my day, that my child may have peace." - Thomas Paine
|
|
Top
|
|
|
|
Moderator: Crappie Luck, Tennessee Todd, RUGER, Unicam, stretch, Cuttin Caller, Bobby G
|
12113 Members
38 Forums
115984 Topics
1412533 Posts
Max Online: 756 @ 11/20/12 09:10 AM
|
|
|
The TnDeer.Com Deer Talk Forum is for Tennessee Deer Hunters by Tennessee Deer Hunters. If you enjoy using our Talk Forum and would like to contribute to help in it's up-keep. Just submit your contribution by clicking on the DONATE button below and paying with PayPal or a major credit card. Any amount is much appreciated. Thanks for your support!
|
|
|
