$250k, Why Worry About Those Tax Increases?

[red states rule]

[laughs] I like him. He's silly.

[fj1200]

[laughs] I like him. He's silly.

I suppose. He finds passive-aggressive behavior quite weak sauce indeed.

[red states rule]

and more on what really caused the housing meltdown, and who tried to reform Fannie and Freddie - and who opposed those reforms

[fj1200]

and more on what really caused the housing meltdown, and who tried to reform Fannie and Freddie - and who opposed those reforms

Wow, the whole debate about the entirety of the financial meltdown can be summed up in a four minute YouTube video. It must be a simple world to live in where all blame can be assessed by merely looking at D vs. R.

[fj1200]

IT was the day subprimes got shut off. Many recall the day of the stock market collapse of 1929. I peg this to the week that the subprime loan sources vanished.

Please tell us about that day. What caused that collapse?

I don't know why you won't study the housing market. Don't take my word. Take the word of the Federal Reserve. They published extensively over this matter.

I'm not sure what you think there is about the housing market that I'm not aware of but nevertheless, do you really think that there is only one economist with one opinion at the Federal Reserve and that they all speak with one mind? Or even that there is only one Federal Reserve Bank?

An analysis by the Federal Reserve Bank of Dallas in 2009, however, concluded unequivocally that the CRA was not responsible for the mortgage loan crisis, pointing out that CRA rules have been in place since 1995 whereas the poor lending emerged only a decade later.^[54] Furthermore, most sub-prime loans were not made to the LMI borrowers targeted by the CRA, especially in the years 2005–2006 leading up to the crisis. Nor did it find any evidence that lending under the CRA rules increased delinquency rates or that the CRA indirectly influenced independent mortgage lenders to ramp up sub-prime lending.

http://en.wikipedia.org/wiki/Financi...7%E2%80%932008

Once again I find it necessary to post this link for people like FU who think they know what caused the housing meltdown but in reality do not have a clue what really happened

September 30, 1999 In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

How did the CRA rules affect Commercial Real Estate? Are they to blame for that bubble as well?

[Gaffer]

Tailfins i do not have sound.

Perhaps you should have planned ahead for this.

[Tyr-Ziu Saxnot]

Obama is currently spending FOUR BILLION DOLLARS per day MORE then the US Treasury takes in. Who and what will you tax to cover that amount? US taxpayers and companies paid about $2.5 TRILLION in taxes last year - how much more do you demand they pay? Also, even if the current tax rates are taken back to where they were under Bill Clinton, the amount of revenue that would bring in (assuming there is no negative impact on economic growth) would fund the current spending levels for about EIGHT days. Where would you suggest Obama gets the rest. BTW, the US currently pays about $250 BILLION a year in interest on the debt and as the debt rises so does the interest payments. That is hardly nothing to the US taxpayer. The floor is now yours April to answer my questions. Thanks and welcome back

If you want to bankrupt a nation , spending 4 billion a day more than you take in is a damn good start. However obama intends on continuing policies that will vastly decrease the take in amount , hopefully to make 8 or ten billion a day more that what is taken in. Everything that he does is by design to harm us, but his slavish, ignorant followers blow trumpets , sing and dance his praises with abandone! Echoed by the lying , soldout media, all of which should be either jailed or shot IMHO.-Tyr