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Bush, Mae and the Financial Crisis


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#1    Tiggs

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Posted 08 October 2012 - 06:25 PM

Moderator's note - this thread is branched from the "Romney Committed a Felony" thread, here.

View PostMerc14, on 08 October 2012 - 06:15 PM, said:

The economy was pretty good for most of Bush's 8 years, even after the 911 attack.  It blew up after the housing bubble burst, something Bush was warning about but was blocked from fixing by Barney Frank and Chris Dodd, who ran Fannie Mae and Freddie Mac, and a democrat legislature.

Oh? Perhaps you'd like to walk us all through the mechanics of how the private asset book of a company caused the collapse of the international banking system?

Edited by Tiggs, 08 October 2012 - 09:42 PM.


#2    Merc14

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Posted 08 October 2012 - 08:05 PM

View PostTiggs, on 08 October 2012 - 06:25 PM, said:

Oh? Perhaps you'd like to walk us all through the mechanics of how the private asset book of a company caused the collapse of the international banking system?

You really don't know what Barney Frank and Chris Dodd have to due with "a private company"?  Really?  You have no idea about the government's involvement if fannie and freddie?  Seriously?   You need to do some study as well.

Believing when there is no compelling evidence is a mistake.  The idea is to withhold belief until there is compelling evidence and if the universe does not comply with our predispositions, okay, then we have the wrenching obligation to accommodate to the way the universe really is.  - Carl Sagan

Who is more humble, the scientist who looks at the universe with an open mind and accepts whatever the universe has to teach us or somebody who says everything in this book should be considered the literal truth and never mind the fallibility of the human beings involved in the writing of this legend - Carl Sagan

#3    Tiggs

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Posted 08 October 2012 - 08:13 PM

View PostMerc14, on 08 October 2012 - 08:05 PM, said:

You really don't know what Barney Frank and Chris Dodd have to due with "a private company"?  Really?  You have no idea about the government's involvement if fannie and freddie?  Seriously?   You need to do some study as well.


How about you actually answer the question?


#4    joc

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Posted 08 October 2012 - 08:29 PM

View PostTiggs, on 08 October 2012 - 08:13 PM, said:

How about you actually answer the question?

If he doesn't want to or can't, I would be happy to in great detail.

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#5    Merc14

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Posted 08 October 2012 - 09:14 PM

View PostTiggs, on 08 October 2012 - 08:13 PM, said:

How about you actually answer the question?
No Tiggs, I am not going to waste hours arguing minutiae with you.  The collapse of the housing bubble and its effect on the US economy is a widely known event as is the role of freddie and fannie in the collapse.  Spending hours discussing it with you is too painful to contemplate and as usual is meant to misdirect the conversation.

Edited by Merc14, 08 October 2012 - 09:16 PM.

Believing when there is no compelling evidence is a mistake.  The idea is to withhold belief until there is compelling evidence and if the universe does not comply with our predispositions, okay, then we have the wrenching obligation to accommodate to the way the universe really is.  - Carl Sagan

Who is more humble, the scientist who looks at the universe with an open mind and accepts whatever the universe has to teach us or somebody who says everything in this book should be considered the literal truth and never mind the fallibility of the human beings involved in the writing of this legend - Carl Sagan

#6    Tiggs

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Posted 08 October 2012 - 09:19 PM

View PostMerc14, on 08 October 2012 - 09:14 PM, said:

No Tiggs, I am not going to waste hours arguing minutiae with you.  The collapse of the housing bubble and its effect on the US economy is a widely known event as is the role of freddie and fannie in the collapse.  Spending hours discussing it with you is too painful to contemplate and as usual is meant to misdirect the conversation.


View Postjoc, on 08 October 2012 - 08:29 PM, said:

If he doesn't want to or can't, I would be happy to in great detail.

Looks like he can't. Over to you, Joc.


#7    Merc14

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Posted 08 October 2012 - 09:20 PM

View Postjoc, on 08 October 2012 - 08:29 PM, said:

If he doesn't want to or can't, I proving his obe happy to in great detail.

Feel free.  He will lead you on one of the most stupid, strawman filled waste of time conversations you've ever had.  Nothing is proved and nothing gained but you will have been misdirected off the original argument, which is his real objective.  I usually tell him to start another thread and he always declines.

Believing when there is no compelling evidence is a mistake.  The idea is to withhold belief until there is compelling evidence and if the universe does not comply with our predispositions, okay, then we have the wrenching obligation to accommodate to the way the universe really is.  - Carl Sagan

Who is more humble, the scientist who looks at the universe with an open mind and accepts whatever the universe has to teach us or somebody who says everything in this book should be considered the literal truth and never mind the fallibility of the human beings involved in the writing of this legend - Carl Sagan

#8    Merc14

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Posted 08 October 2012 - 09:23 PM

View PostTiggs, on 08 October 2012 - 09:19 PM, said:

Looks like he can't. Over to you, Joc.

Yeah that's it tiggs.  You win.  Bye. :td:

Believing when there is no compelling evidence is a mistake.  The idea is to withhold belief until there is compelling evidence and if the universe does not comply with our predispositions, okay, then we have the wrenching obligation to accommodate to the way the universe really is.  - Carl Sagan

Who is more humble, the scientist who looks at the universe with an open mind and accepts whatever the universe has to teach us or somebody who says everything in this book should be considered the literal truth and never mind the fallibility of the human beings involved in the writing of this legend - Carl Sagan

#9    Tiggs

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Posted 08 October 2012 - 09:30 PM

View PostMerc14, on 08 October 2012 - 09:23 PM, said:

Yeah that's it tiggs.  You win.  Bye. :td:

If you're not willing to defend something you've claimed - then don't claim it. Simple.


#10    Merc14

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Posted 08 October 2012 - 10:36 PM

View PostTiggs, on 08 October 2012 - 09:30 PM, said:

If you're not willing to defend something you've claimed - then don't claim it. Simple.

What, exactly, are you asking me to defend?

Edited by Merc14, 08 October 2012 - 10:36 PM.

Believing when there is no compelling evidence is a mistake.  The idea is to withhold belief until there is compelling evidence and if the universe does not comply with our predispositions, okay, then we have the wrenching obligation to accommodate to the way the universe really is.  - Carl Sagan

Who is more humble, the scientist who looks at the universe with an open mind and accepts whatever the universe has to teach us or somebody who says everything in this book should be considered the literal truth and never mind the fallibility of the human beings involved in the writing of this legend - Carl Sagan

#11    Tiggs

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Posted 08 October 2012 - 10:39 PM

Your claim that the GSE's were the cause of the financial collapse.


#12    Merc14

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Posted 08 October 2012 - 10:40 PM

GSE's?

Believing when there is no compelling evidence is a mistake.  The idea is to withhold belief until there is compelling evidence and if the universe does not comply with our predispositions, okay, then we have the wrenching obligation to accommodate to the way the universe really is.  - Carl Sagan

Who is more humble, the scientist who looks at the universe with an open mind and accepts whatever the universe has to teach us or somebody who says everything in this book should be considered the literal truth and never mind the fallibility of the human beings involved in the writing of this legend - Carl Sagan

#13    Tiggs

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Posted 08 October 2012 - 10:42 PM

View PostMerc14, on 08 October 2012 - 10:40 PM, said:

GSE's?

Government Sponsored Enterprises. For the purposes of this conversation - Fannie Mae and Freddie Mac.


#14    Merc14

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Posted 08 October 2012 - 10:48 PM

Ar you serious? Youy want to debate on whetehr or not government backed mortgage debt had anything to do with the housing market collapse and trillions in toxic debt?  You can't just look it up?  It is a 4 year old story with books written on it.  WHat is there to defend?

Believing when there is no compelling evidence is a mistake.  The idea is to withhold belief until there is compelling evidence and if the universe does not comply with our predispositions, okay, then we have the wrenching obligation to accommodate to the way the universe really is.  - Carl Sagan

Who is more humble, the scientist who looks at the universe with an open mind and accepts whatever the universe has to teach us or somebody who says everything in this book should be considered the literal truth and never mind the fallibility of the human beings involved in the writing of this legend - Carl Sagan

#15    Merc14

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Posted 08 October 2012 - 10:54 PM

Here is a great summation in 4 minutes


Believing when there is no compelling evidence is a mistake.  The idea is to withhold belief until there is compelling evidence and if the universe does not comply with our predispositions, okay, then we have the wrenching obligation to accommodate to the way the universe really is.  - Carl Sagan

Who is more humble, the scientist who looks at the universe with an open mind and accepts whatever the universe has to teach us or somebody who says everything in this book should be considered the literal truth and never mind the fallibility of the human beings involved in the writing of this legend - Carl Sagan




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