National Politics - 2016

The Punch Donald Trump Needs To Throw At Bill Clinton

(HINT: IT ISN’T ABOUT SEXISM) There’s an utterly ridiculous debate taking place in presidential politics this week regarding sexism.  You know … because apparently an $18.8 trillion national debt, rampant joblessness, porous borders and radical jihad are too depressing to think about. Ready?  Here goes … Presumed Democratic presidential nominee Hillary…


There’s an utterly ridiculous debate taking place in presidential politics this week regarding sexism.  You know … because apparently an $18.8 trillion national debt, rampant joblessness, porous borders and radical jihad are too depressing to think about.

Ready?  Here goes …

Presumed Democratic presidential nominee Hillary Clinton bashed GOP presidential frontrunner Donald Trump for being sexist.  Trump responded by pointing out Clinton’s husband, former president Bill Clinton, pretty much invented that particular “-ism.”

Hillary rushed to protect her husband and … well, advantage Trump.

But if Trump really wants to have some fun at Bill Clinton’s expense, he ought to delve into his economic legacy.  Wait … what?  Didn’t Clinton preside over the last period of real prosperity in the United States?

Yes … but …

On the way out of office, Clinton’s administration authorized a massive ramp-up in “affordable housing” lending which led – eventually – to the “Great Recession” of 2007-09.  Even better for Trump?  This $2.4 trillion expansion in ill-conceived home loan mandates (which helped usher in the collapse of America’s sub-prime lending market) was based on the demonstrably untrue belief that minorities were being denied equal access to home loans.

Yeah … political correctness spawned the “Great Recession” people.  Look it up.

If that’s not a made-to-order issue for Trump, we don’t know what is …


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9" January 6, 2016 at 4:52 pm

Come on.Bill Clinton has fucked Trump,too,and Donald loved it.Hypocrites.

Jack January 6, 2016 at 4:59 pm

Bull shit, the crash can be tied to one very ill thought out Republican bill, pushed through by billionaires, the repeal of Glass Steagall. If that had not occurred, the crash would not have happened. Even more, the people who opposed the repeal accurately predicted what would happen and were ignored.
Phil Graham and his wife were paid handsomely for that bill by the banking industry. Another bought and paid for Republican, screwing the average American for the benefit of the Mega-Wealthy.

David Swanner January 6, 2016 at 6:22 pm

Yep, Wendy Graham was the chief lobbyist for the banking industry.

It’s ludicrous that Republicans are still pushing the whole ‘Poor black people crashed the economy because they bought so many houses they couldn’t afford.’ canard.

Complete Suckers January 6, 2016 at 6:37 pm

Their voters will believe ANYTHING. No verifiable facts will sway them otherwise. Just listen to the silly crap they are constantly crying about…”Bawwwwwh. Obummo has destroyed ‘Murica. Terrorists will attack Orangeburg because Obungo is gay!!!”

Scooter January 6, 2016 at 8:27 pm

I wish, for once that Obama would learn to pronounce America. It is disgusting there say Amerka.

Scooter January 6, 2016 at 8:25 pm

Slick Willie signed off on it in 90 or 91.

dwb619 January 6, 2016 at 9:14 pm

That’s interesting. He didn’t take office until January “93.

Ms.Rocky Verdud January 6, 2016 at 9:58 pm

From Arkansas.Ask Vince Foster.

LULZ January 7, 2016 at 8:52 am


Goobersmacker January 7, 2016 at 11:44 am

Don’t let facts get in the way of your dumbassery.

tomstickler January 7, 2016 at 12:16 pm

The theory that banks were forced to make loans to the poor, and that caused the housing bubble and the ensuing crash is still a favorite for some people. The reality is explained here: .

For those who cannot afford the subscription, the summary says in part:

This paper shows that the increase in mortgage originations was shared across the whole distribution of borrowers, and that middle- and high-income borrowers made up the majority of originations even at the peak of the boom. Compared to prior years, middle- and high-income borrowers (not the poor), as well as those with medium and high credit scores, made up a much larger share of delinquencies in the crisis relative to earlier years.

Rocky Verdad January 7, 2016 at 12:20 pm

Facts – oh my!!!! Well done sir.

Mom January 6, 2016 at 4:59 pm

Hillary’s calling Trump sexist is a desperate move. Notice that the female Republican candidates don’t play the sexist card.

MMMM January 6, 2016 at 5:28 pm

Carly just made the below remark about him. I wouldn’t call what Hillary said as desperate, just calling him out for what he is.
“Well, yes. Women are angry,” she said, using the opportunity to take another shot at Trump. “And let’s remember women are 53 percent of the vote. So we can’t nominate someone who routinely insults women.

Mom January 6, 2016 at 6:37 pm

Carly did not call him a sexist here. She pointed out that he has a habit of insulting women who he dislikes like Rosanne Barr and Megyn Kelly.

Derp January 6, 2016 at 6:38 pm

And the average woman with eyes and ears.

Mom January 6, 2016 at 6:39 pm

No. I think he specifically names the woman he wants to insult. Not women in general.

Derp January 6, 2016 at 6:42 pm

But he magically ends up insulting to all women. At least the real ones.

Mom January 6, 2016 at 6:46 pm

I’m a woman I he hasn’t insulted me. What “magical” land are you living in?

Magical Land of Truth January 7, 2016 at 9:03 am

I think Derp lives in a place called reality. Fun place sometimes, really depressing after a while. You should visit at least once in your life.

MMMM January 6, 2016 at 7:00 pm

She said women, not celebrities or well known public figures. His past insults of women are usually a slam on their looks, not their abilities or lack of. He sent a NYT times reporter a copy of a column she wrote about him, with her picture circled and The Face Of A Dog! written beside it. No written note that this article is inaccurate or your reporting skills are awful. Nope, just an insult about her looks.

Ms.Rocky Verdud January 6, 2016 at 7:06 pm

How ironic when Carly played the Democrat ‘victimhood’ on Trump during that 2nd debate she SUNK in the polls.

People are tired of it.

Scooter January 6, 2016 at 8:44 pm

Barr os dumb to the bone and Kelly is a certified bimbo.

Obvious January 6, 2016 at 5:29 pm

It’s not desperate. It’s fucking obvious that Trump is a sexist. The freak even talks about dating his daughter. It’s not odd that a man who uses the profile name Mom wouldn’t recognize that, though.

Mom January 6, 2016 at 6:35 pm

Trump said if she weren’t his daughter that he would want to date her. I’ll agree that was not an appropriate thing to say. Trump has no filter – he says everything that “runs across the screen.” I’m sure there are a lot of dads who think their daughter is beautiful and would indeed want to date her if she weren’t his daughter. They just don’t say that. Trump’s frankness can be upsetting to the delicate types like you. But his frankness is rather refreshing to others. That is, according to the polls.

Obvious January 6, 2016 at 6:41 pm

Upsetting? Not in the least. The more dumb shit he says the better. It’s funny that a man who indentifies as ‘Mom’ is gay for Trump. Seems right, though.

huh? January 6, 2016 at 7:04 pm

So you like thin skinned, brash, bullshitting blowhards who have a problem with the truth? That’s Presidential material.

Ms.Rocky Verdud January 6, 2016 at 7:07 pm

Obama sat in Jerimiah Wright’s church for 20 years.That’s Presidential material?

MMMM January 6, 2016 at 5:16 pm

Is Bill Clinton running for President again? I would be interested in why Trump’s companies went bankrupt 4 times, especially the recent two in 2004 & 2009. The only thing Bill is guilty of, as far as the housing crisis crash, is signing the bill to repeal Glass Steagall.

Scooter January 6, 2016 at 8:23 pm

He and Phil Graham really screwed the goose with that one.

Go ahead and try January 6, 2016 at 5:25 pm

Yeah, Bill Clinton forced banks to give no-income, no-job loans to people with no assests.
I wonder how much Trump profited from these people gettimg these loans.
Trump knows better than to really tangle with his buddy Slick Willy.

Ms.Rocky Verdud January 6, 2016 at 7:09 pm

There’s a strong case that the answers can be traced to Sept. 12, 1992. On that day presidential candidate Bill Clinton proposed, in his campaign book “Putting People First,” using private pension funds to “invest” in government priorities, such as affordable housing, to “generate long-term, broad based economic benefits.” Seldom has such a radical proposal been so ignored during a campaign only to later lead to such devastating consequences.

After his election, President Clinton tapped Labor Secretary Robert Reich to lead the effort to extract, as Mr. Reich put it in 1994 congressional testimony, “social, ancillary, economic benefits” from private pension investments. Mr. Reich called on pension funds to join the administration’s “Economically Targeted Investment” effort. Housing and Urban Development Secretary Henry Cisneros assured participants that “pension investments in affordable housing are as safe as pension investments in stocks and bonds.”

Go ahead and try January 6, 2016 at 7:22 pm

Fuck off, pogo. You are boring.

Burningspeare January 6, 2016 at 5:55 pm Reply
Burningspeare January 6, 2016 at 5:59 pm Reply
David Swanner January 6, 2016 at 6:21 pm

Oh. So freaking poor people bought enough houses to crash the economy?
Tell me another lie.

Cigar Boy January 6, 2016 at 6:58 pm

Everytime I feel down I enjoy watching Ol Bill –

Minute mark 1:10

erneba January 6, 2016 at 7:46 pm

And this jerk is the most respected Democrat politician of our time…..

Mike at the Beach January 6, 2016 at 7:00 pm

It wasn’t the “buying them” part so much as the “losing them” part, methinks.

erneba January 6, 2016 at 7:09 pm

You are right on the money, many people got in over their heads and eventually lost their homes, by biting off more than they could chew, or pay for.

Mike at the Beach January 6, 2016 at 7:35 pm

Correct, but there was plenty of culpability to go around – irresponsible home purchasers, skeezy lenders facilitating loan application and underwriting fraud on a wholesale level, and the high finance crowd (who rode that wave of opportunity right into a rocky beach).

erneba January 6, 2016 at 7:44 pm

Yes, too many bad players in all fronts must be factored into the equation, and in the end it did not balance.

Scooter January 6, 2016 at 8:40 pm

Everyone got a piece of the action, on those loans, except the dummy who ended up holding it.
Merrill Lynch, Wachovia Advisors and Bank of America touted Countrywide’s stock. Bank of America bought Countrywide and now holds it as a separate entity, otherwise, they would probably be pushed into bankruptcy. It is all a house of cards as W Buffett owns millions of Bank of America warrants that he could have exercised at $7.15. He is now sitting on a big winner. His little monkey,Obama, has his back. Yeah man, Obama looks out for the little guy.

RogueElephant January 7, 2016 at 8:40 am

Doesn’t Buffett also own Berkshire Hathaway that owns the rail road that hauls the oil that should be going down the Keystone pipeline ? WOW those little guys sure are powerful. LOL

Ms.Rocky Verdud January 6, 2016 at 7:35 pm

Have you recovered from Thumper’s tirade last night? :)

Mike at the Beach January 6, 2016 at 7:37 pm

I’m all good, thanks! I really do hate striking exposed nerves like that, but damn…I surrendered and retreated 57 times; tried to be nice. I even used smily faces. He chased me down and beat me with a big orange foam “We’re #1” finger…

Ms.Rocky Verdud January 6, 2016 at 7:45 pm

That is funny!Only TWO things generate obsessive and emotional responses from Bible Thumper:
1.NEVER disagree with him on Nikki Haley
2.NEVER disagree with him that Clemson belongs in the NFL

Mike at the Beach January 6, 2016 at 8:12 pm

Lesson…LEARNED. Won’t…go…there…again.

CorruptionInColumbia January 6, 2016 at 8:48 pm

Senor, you have a way with ze words…

RogueElephant January 6, 2016 at 9:38 pm

If I remember correctly Janet Reino forced the banks to make loans to people that couldn’t pay them back. Something to do with “red lining” minority neighborhoods that couldn’t afford the housing but she made the banks loan the money any way. Didn’t that lead to Dodd Frank ?

Mike at the Beach January 6, 2016 at 11:07 pm

More or less, yes. It’s all part of the Washington DC “one party” system. Clinton and the Republicans repealed Glass-Steagall, crashed the game, then rode in to save the day with Dodd-Frank. It’s good to be in charge.

Of course, this is the 20-second version; in reality most serious economists and money policy big-brains agree that there was no single cause for the crash (but that all of this junk played a part). The brainwashed right says it was all Clinton, while the hand-wringing left blames a few “paid for” Repubs. Both are silly positions – as usual, the truth is somewhere in the middle. You can really get the victimhood set fired up by mentioning the minority loan piece, but it was (at the very least) a key factor in the mix. We had to have all of these bad loans to bundle up into junky-ass securities so the big money folks could make their coin…

Ms.Rocky Verdud January 6, 2016 at 7:03 pm

Bill Clinton (Sept. 24): Indeed, one of the things that has helped stabilize the current situation as much as it has is the purchase of Merrill Lynch by Bank of America, which was much smoother than it would have been if I hadn’t signed that bill. …You know, Phil Gramm and I disagreed on a lot of things, but he can’t possibly be wrong about everything. On the Glass-Steagall thing, like I said, if you could demonstrate to me that it was a mistake, I’d be glad to look at the evidence. But I can’t blame [the Republicans]. This wasn’t something they forced me into.

Ms.Rocky Verdud January 6, 2016 at 7:10 pm

Watch Obama’s lips move.The SOB has never told the truth.

Scooter January 6, 2016 at 8:28 pm

And he never will. He can cry those crocodile tears. The Faker should win an Oscar for that performance.

nitrat January 6, 2016 at 6:26 pm

False history, once again.
I hear the acclaimed movie ‘The Big Short’ is about to put that lie to sleep in a way that even simple minded conservatives can get it.
Get thee to the movie theater.

Ms.Rocky Verdud January 6, 2016 at 7:22 pm

The Clinton programs approved by both Democratic and Republican Congresses were supposed to help “low- and moderate-income borrowers” but the ultimate result was that low- and moderate-income homeowners were much worse off by the end of the real estate bubble.

Victorious Secret January 6, 2016 at 11:34 pm

How about read Michael Lewis’ book before you claim to “hear” what this movie will “do” to a particular political class?

Have you read the book? I have. Have you ran a real estate investment/development business and seen the dire effects of the sub-prime mortgage market? I have.

Let’s not point everyone to the “movie theatre” in hopes of achieving some political gain.

….Michael Moore just called; he wants to know where you went.

west_rhino January 7, 2016 at 11:28 am

and of such, I saw it in the movie, glitterazzi, come the clueless low information voter, preyed upon by the left and the moveon.ogre. I’m reminded of Otter in Animal House, “gee, you’re so dumb” (best line in that move is still, “is it supposed to be that soft?”

Rocky Verdad January 7, 2016 at 11:34 am

See my informative and educational post based on actually being there.

erneba January 6, 2016 at 7:06 pm

Absolutely, the housing failure had its genesis during the Clinton administration, just took a few years for the bubble to burst. Too many houses were sold to people that could not afford them. And the government is ready to force the banks down the same road again by forcing banks to give credit cards and large credit lines to people who can’t afford it and if they could, would probably be too irresponsible to pay.

Derpneba January 6, 2016 at 7:19 pm

How were the banks ever ‘forced’ to give loans to those people? Especially, by Clinton who was out of office by then.

Derpneba January 6, 2016 at 7:27 pm

Nice read. So, Clinton should share some blame…but not all. Thanks for proving my point. Blaming it all on Bill Clinton, to tarnish Hillary, is silly.

erneba January 6, 2016 at 7:33 pm

I said, “it started under Clinton” which is true. It continued under Bush. Clinton is guilty of starting it, bush is guilty of continuing it.
The bubble burst under Bush, so naturally many people think Bush was solely responsible for the crash. Bush shares responsibility with Clinton
I never said in my statement that Clinton was solely responsible..

euwe max January 7, 2016 at 7:25 am

It took 8 years for Republicans to admit they were partially responsible for fucking up in Iraq, putting 2 Trillion “off the books” in “emergency funding” for that good-old American free-for-all we call war.

PNAC had a party night wnen Bush decided that Saddam had let his eyebrows grow too bushy – challenged by the competition I guess – “Creative Destruction” initiated by the Prince of Darkness for Israel and the neocons that support the disintegration of the middle east to plunder oil, and make sand glow in the dark to make it safe to force democracy (whiskey, trans gender equality, homosexual marriage, gambling, pornography, prostitution,.cocaine, and Donald Trump) down Muslim’s throats for their own good.

erneba January 7, 2016 at 8:55 am

You should really stay off drugs when you are posting. On second thought, you are not that good even when you are not indulging.

personal attacks January 7, 2016 at 9:00 am

Why do you constantly complain about personal attacks when you dole them out yourself?

erneba January 7, 2016 at 9:16 am

Hey asshole, me involving myself in unprovoked personal attacks, no way, you stupid son-of-a-bitch.

erneba January 7, 2016 at 9:56 am

Seriously, I only respond in kind.
If I am provoked I will return the compliment.
When people take a shot at me, I will reply. Not because I am upset, it is that I love the controversy.

Ms.Rocky Verdud January 7, 2016 at 10:35 am

BINGO!!!They like to give yet whine like babes when the ‘fire’ is returned.

euwe max January 8, 2016 at 12:44 pm

My fatal flaw is I care about people – not Republicans.

euwe max January 8, 2016 at 1:10 pm

so… you thought that was a personal attack?

Derpneba January 6, 2016 at 7:40 pm

Also, does Trump want open that can of worms, because it leads straight to 2008 and the disaster that the last Republican president left behind. Please, try that line of attack.

George W. Trump January 7, 2016 at 8:49 am

Trump already comes off to most people as an asshole version of GWB.

euwe max January 7, 2016 at 7:18 am

is silly
core principle for vetting Republican “ideas”

Ms.Rocky Verdud January 6, 2016 at 7:26 pm

There really isn’t any question of which approach is factually correct: right on the front page of the Times edition of December 21 is a chart that shows the growth of home ownership in the United States since 1990. In 1993 it was 63 percent; by the end of the Clintonadministration it was 68 percent. The growth in the Bush administration was about 1 percent. The Times itself reported in 1999 that Fannie Mae and Freddie Mac were under pressure from the Clinton administration to increase lending to minorities and low-income home buyers–a policy that necessarily entailed higher risks.

Scooter January 6, 2016 at 8:21 pm

The government was putting pressure on banks to make loans to the less then qualified. Back then banks were buying buying banks and merging about every time you turned the tv on. They had to knuckle under or not get their acquisitions approved. You are damn right the Clinton administration had a lot to do with the recession.

TroubleBaby January 6, 2016 at 7:09 pm

There is no one “thing” that caused the “Great Recession”-

To say was primarily one thing simplifies a very complex economy. It was a multitude of factors that included house bubble, most likely brought on by a combination of money printing/easy money policies, the repeal of Glass-Steagall(which wouldn’t have been needed in a truly free market, but I digress),and government driven policies that lowered lending standards and a host of other things too numerous to list here.(I haven’t even touched Wall Street beyond MBS’s)

In my opinion, without the money printing and government interference before, during, & after the crisis these bubbles wouldn’t be so dramatic to begin with-

But I realize I’m in the minority opinion.

The Colonel (R) January 6, 2016 at 7:15 pm

I would concur that there is no “one thing” that led to the Great Recession. However, will hit a great point here. The government subsidized loans, government driven shoddy lending policy and wild speculation clearly did Call the housing bubble and it all started under Slick Willy.

TroubleBaby January 6, 2016 at 7:16 pm

Greenspan did a lot of money printing under a lot of administrations….

The Colonel (R) January 6, 2016 at 7:46 pm

Absolutely concur, I was originally a fan of Greenspan but the “bloom is now of the rose”.

euwe max January 7, 2016 at 7:10 am

I thought it was mighty white of him to admit that he was wrong about the market God,

TroubleBaby January 7, 2016 at 7:12 am

He flip-flops all the time. First he liked gold, then he hated it…now he kinda likes it again.

His meaningless policy jibber while in office was a service to the big banks, his benefactors.

MMMM January 6, 2016 at 7:22 pm

I bought two homes while Clinton was in office and both times I had to jump thru hoops. Put down 20% and solid documentation of all my income and employment. No one offered me one those easy liar loans.

MMMM January 6, 2016 at 7:28 pm

And thinking back on it – the first house was a HUD foreclosure, so that was a government loan. The second house was mortgaged through Countrywide. And around mid 2000s is when I recall receiving constant mailings from Countrywide about EASY refinancing and one pre-approved credit card after another.

Ms.Rocky Verdud January 6, 2016 at 7:33 pm

Tough,huh? That must be why Hillary said her and Bill couldn’t afford a home when they left the WH? LMAO!!!!

The Colonel (R) January 6, 2016 at 7:45 pm

You should have put nothing down and claimed to be poor… I made a lot of money flipping initially and then made the mistake of moving to Charlotte and staying in the same house until the bubble burst (the wife really liked that house).

euwe max January 7, 2016 at 7:15 am

The smart money buys a 30′ used 2004 Dutchmen travel trailer, while pulling down 200k a year for 5 years.

Ms.Rocky Verdud January 7, 2016 at 8:15 am

You finally posted something I agree with.

Leaving The Trailer Park January 7, 2016 at 8:45 am

Most people actually save their money and move at some point, rather than stay in the park and comment on internet websites all day, Pogo.

Ms.Rocky Verdud January 7, 2016 at 9:46 am

I have the option of ‘several’ homes.

vicupstate January 6, 2016 at 8:38 pm

You are right, the total abdication of lending standards did not occur until the 2000’s, nor did the packaging of them into securities with totally BOGUS credit ratings.

euwe max January 7, 2016 at 7:09 am

There is no one “thing” that caused the “Great Recession” –
Yeah.. more than 1 “thing” – every voting Republican scum.

Scooter January 6, 2016 at 8:12 pm

Fits, you finally got something right.

Gfd January 6, 2016 at 8:15 pm

The Home Owner Reinvestment Active of ’78 was the start. Clinton used it and as we all found out, everyone can’t nor should be a homeowner! Poor FICO scores matter and usually predict future behavior.

vicupstate January 6, 2016 at 8:34 pm

Watch ‘The Big Short’ and find out the WHOLE story.

vicupstate January 6, 2016 at 8:32 pm

The movie ‘The Big Short’ that is currently in theaters clearly illustrates the causes of the bubble.

Without the derivatives products, the crash would not have been any worse than similar housing bubbles like those in recent decades.

If anyone thinks the government MADE the banks do ANYTHING that the banks themselves weren’t lobbying to do already, they are kidding themselves.

Ms.Rocky Verdud January 6, 2016 at 8:36 pm

Only weirdo’s like you,the occupy wall street deadbeats and the filthy American hating socialists that have taken over the democrat Party will go see that flick.

My goodness-can you imagine the stench in the places showing that POS?

vicupstate January 6, 2016 at 8:36 pm

Are you afraid you will be proven an idiot yet again if you watch it?

Ms.Rocky Verdud January 6, 2016 at 8:38 pm

The only trash I fill my mind with is the commentary from socialists like YOU on FitsNews.It provides comic relief.

tomstickler January 6, 2016 at 8:45 pm

Who (what) are you going to be tomorrow?

Ms.Rocky Verdud January 6, 2016 at 8:55 pm

Any suggestions? I promise you I won’t be a soul less, abortion loving advocate for the destruction of the most vulnerable in our society.

Aren’t you ever shamed for your work on the behalf of PP? I couldn’t sleep at night.

Soulless Liberal January 7, 2016 at 8:55 am

No, I think you are a soulless creep liberal, you just pretend to be otherwise. Your hatefulness comes through full force though.

Ms.Rocky Verdud January 7, 2016 at 9:45 am

ha ha…stock market crashing as we head to recession…North Korea firing nukes,Saudia Arabia bombing Iran and ISIS running the WH…

Ole Barry’s plan worked…destroy America before he leaves office,take the guns and make sure the queers can marry….his legacy!

Bible Thumper January 7, 2016 at 2:35 am

It’s easy for Trump to criticize mistakes made by others in the past, but there is no evidence that he was critical when those bad decisions were made or that he would’ve acted differently. I don’t see any evidence that Trump can make any better decisions than Clinton.

There are plenty of business decisions of Trump’s that can be criticized and many past statements of praise by Trump for Bill Clinton.

There is plenty of evidence of Trump’s involvement in crony capitalist deals, efforts to influence public policy not for the public good, but his own businesses advantage.

“Make America Great Again.” is a campaign slogan. There is nothing Trump proposes to back it up.

Ms.Rocky Verdud January 7, 2016 at 8:39 am


euwe max January 7, 2016 at 7:07 am

The best thing about this blog is the way Trump is accepted as “main stream,” and given the same respect as a normal human being.

TroubleBaby January 7, 2016 at 7:19 am

What does “main stream” mean anymore anyway?

Let’s not forget it’s around 13% of the voting age population that elects a President lately…if anything, they really don’t reflect the “main stream” anymore, do they?

euwe max January 7, 2016 at 7:31 am

I think the fox news channel, and persistent denial of reality in the pursuit of John Birch by billionaires generally, has given sane people cause to wonder if maybe THEY are the ones out of step.

Out of courtesy born of respect for freedom and liberty, “normal” people have let the drunks take over the bar.

TroubleBaby January 7, 2016 at 7:45 am

“”normal” people”

A concept forever seeking an ever changing definition.

Ms.Rocky Verdud January 7, 2016 at 8:13 am

Obama is ‘mainstream’? Democrats are ‘mainstream’? Ha Ha.ISIS is more ‘mainstream’ than the Democrat Party. Did you know how they handle homosexuality?You don’t get a marriage certificate.

euwe max January 8, 2016 at 12:45 pm

Sorry to hear about that… I hope things get better for you.

Mandated Loans January 7, 2016 at 8:36 am

Oh gee, those poor banks. The big bad government twisted their arm into milking the subprime market for all it was worth and then selling the toxic assets off to someone else! Those poor banks didn’t want to hurt anybody, promise!

What a load of bullshit. If the government were being politically correct then it would have bailed out the minority home owners instead of the banks. If you are going to make the case for a corrupt government at least go the honest route and blame it on loosened regulations, too big to fail banks, and a government in the pocket of the financial industry.

Readyforchange January 7, 2016 at 8:47 am

thank goodness for Bill Clinton’s war on the poor… many neighborhoods and projects have been wiped away…

offinya January 7, 2016 at 10:00 am

I wish this fact were out in the mainstream. Most of the electorate actually blame Bush instaed of Carter, Clinton, Dodd and Frank

Rocky Verdad January 7, 2016 at 11:33 am

Nice revision of history. The housing bubble of 2004-2007 was in fact created by private mortgage securities, not affordable housing loans. The largest “affordable” housing product in 2000 was FHA loans (and VA loans) which saw a dramatic decrease, not an increase. FHA market share as Clinton left office in 2001 was 10%, and fell rapidly during the bubble to just 4% of all loans originated. The other were state and municiple level housing authority loans, based on FHA underwriting standards.

Subprime lending, which helped in large part to spur the bubble, was about 5% of market share in 2000, leaping to 17% in 2004 and over 20% in 2005, (which sort of shoots a hole in the theory since it remained below 7% of marketshare 2001-2003 – a peroid of four years). Sub-prime lending (and sub-prime loans were NEVER considered CRA loans) actually spikes during the final year of Bush’s first term and first year of his second term. Also the other product that spurred the bubble was the advent of the ALT-A product (a not-quite subprime mortgage product that generally didn’t have requirements for validating income and assets but required higher credit scores). Often they required 5% or less down in a real estate purchase.

These products were historically “portfolio” products meaning banks made them and held all the risk. A federal bank like Chase, or BofA, would have these liabilities held against them by regulators and they rarely played in that market and maintained high credit standards. However, the OTS, an executive agency, was much more lax in it’s oversight of the thrifts beginning in 2003 (under the GOP Administration), and they began to originate these products with gusto. Wall Street, and non-bank lenders, also got into the game by purchasing small thirfts around the country, to take advantage of the lax oversight. Combined with sub-prime lending, these loans (which were NEVER considered CRA loans) accounted by 2005 – 2006 some 45-50% of the originations. The vast majority were Option ARM negatively amortizing products with large resets in years 2-3. Again, four years after Clinton left office. If he had opened the flood gates, those spikes would have been 2001 and 2002. Also, beginning in 2004 and then going gangbusters 2005-2007 the Wall Street firms and the thrifts found ways to securitize these assets in securities they sold to investors (hence the hunger from Wall Street firms who enjoyed the commissions). I would also point out, that in 2003 and 2004 it was the thrifts, with heavy OTS backing, that solidified a practice known as Federal pre-emption that insulated the thrifts from any state level regulatory efforts.

The market share of ALT-A and Sub-prime only began to fall in 2007 when the Federal Reserve (late in the game) required ALL lenders to qualify borroers not at the low teaser rate, but at the reset rate. By then it was too late. And as delinquencies mounted on these products, investor demand for purchasing the debt obligations fell away. The lenders who primarily were dealing in these toxic assets where thrifts, noteably Washington Mutual (hello Florence SC), IndyMac, Lehman Bros through their thrift, Bear Stearns through their thrif in Dalls, and who could forget Wachovia’s thrift Golden West Finanacial.

As for any CRA loans during this time, demand for those products virtually dried up. Market share of CRA loans actually fell as Clinton left office, from 27% in 2000 to below 15% in 2005. Again, blowing a hole in the revisionist story. In fact, during the worst of the crisis 2007 through 2010 – CRA mortgage loans outperformed (meaning had lower default and delinquency rates) than the non-conforming private loans (Alt-A and Sub-prime), as did FNMA and FHLMC loans.

For anyone wanting to see a truly well done piece of research in this area, the FDIC concluded a great study in late 2009, which I would encourage anyone interested to did the Fed Reserve of Cleveland. These studies use some big words, and econometric modeling with complex statistical analysis forumulas, so some of you, and you know who you are, might want to find the crib notes.

Also, don’t worry, it will happen again as the GOP Congress goes all out to relax regulatory controls over credit unions. I give them about 5 to 6 years.

I will not be responding to follow up questions, nor will I be acknowleding uninformed morons who will want to call me LIAR and a$$wipe pertaining to this educational post. For those of weak journalistic bent, I cannot help you.

Sconset987 January 7, 2016 at 1:30 pm

FITS, this is total BS. Republicans and Democrats are both to blame and so are the mortgage lenders who went nuts making loans to everybody, regardless of credit worthiness. Whatever small role Bill Clinton may have played, it is dwarfed by the disastrous policies of George W. Bush.

Dave Francis January 7, 2016 at 6:41 pm


they say the US job market has declined, more and
more Americans are choosing to drop out of the labor force all told and no
longer even figure in to the employment figures.

Sly efforts for the Obama government
to disguise the employment picture are a bit like attempting to drive a giant
truck into a single family home garage. It doesn’t work. As Washington sings the praises of last month’s fall
in the unemployment data (6.3 percent), as this administration has silently
moved more than 988,000 citizens and legal immigrants into the column of “not partaking in the labor force”

If you add the current
number of Americans without a job (9.75 million) to the number of US citizens
not in the labor force (92.02), you come up with 101.77 million working age
Americans who do not have work, according to data from the US Bureau of Labor
Statistics (BLS).

That is why Mr. Donald Trump,
nominee for President. Is a driving force in bringing jobs back to America? He has the instinct and is
experienced in the world of commerce. He is knowledgeable and far out weighs government
negotiators who have placed us in Free Trade agreements that have made other
regimes wealthy while ours get literary nothing, except for loss of jobs and
hundreds of billions of dollars in red ink. From his New York offices he has watched our countries
economy slip away, through terrible fast track agreements, which were
negotiated with incompetent people.

Trump has already pledged to
have some of the most highly skilled personages and experts in writing
contracts and along with Trumps top notch handlers will clamp down on bad
agreements such as (NAFTA) Mexico specifically, with Japan and China at the top point of the list. Trump
knows that all the agreements we have ever made, which will soon include the
TPP (The TransPacific partnership was written to make corporations and
Industrial CEO’s wealthy not the American people. All these contracts are unilaterally
passed without involvement of the American people’s participation.

Just across our Southern
border in Mexico is a giant complex of American
businesses importing cars, trucks, and the parts–completely free of Tariffs (taxes?)
It is the same with the large range of foreign countries who import. Trump said
in his commentary he has seen the giant container ships docking in San Pedro, Los Angeles and Japanese cars unloaded by the
thousands. Nothing for the American
coffers except huge deficits, loss jobs and the multinational companies paying
little or no taxes as they have reestablished themselves.

U.S. goods
and private services trade with Mexico
totaled an estimated $536 billion in 2012 (latest data available). Exports
totaled $243 billion; Imports totaled $293 billion. The U.S. goods
and services trade deficit with Mexico was
$49 billion in 2012. The U.S. goods
and services trade deficit with Japan was
$57 billion in 2012. The U.S. goods
trade deficit with China was
$318 billion in 2013. The U.S. goods
and services trade deficit with Saudi
Arabia was $31 billion in
2012. So YOU tell me whose getting screwed? To repeat we are the greatest
consumer nation in the world, and yet we have an inept bunch of negotiators who
certainly are not looking out for the American people’s welfare.

In the works is President
Obama currently negotiating Trans-Pacific
Partnership free trade agreements that, if enacted, are
likely to result in increased outsourcing and growing job losses, especially in
the manufacturing sector? He has asked Congress for “Fast Track” authority, which would allow him to submit trade agreements to
Congress without giving members of Congress the occasion to revise the deal.
Experience has shown that these trade deals have resulted in massive job losses
for American workers,

Center for Immigration
Studies Director of Research, Steven Camarota, used wage data provided by the
American Community Survey (ACS) conducted by the U.S. Census Bureau, as
evidence that there is no labor shortage in H-2B visa occupations, which were
increased in the recently passed omnibus spending bill.

According to the ACS wages
in most of the top occupations that use the H-2B visa to import foreign workers
have been in decline from 2007-2014. There was a slight increase in wages for
construction laborers but only the maid and housekeeping occupations showed a
significant wage increase. Director Camarota writes that this shows that there
is no labor shortage since wages would rise considerably as employers try to enlist
new workers.

The labor shortage argument
was used by the new Speaker of the House, Paul Ryan (R-Wisc.), to support the
provision in the omnibus spending bill that could quadruple the number of H-2B foreign
workers in the U.S.

The omnibus bill provision
allows any foreign worker who has received an H-2B visa in the last three years
to be excluded from the 66,000 H-2B visa cap. This could raise the number of
H-2B visa workers in the U.S. to around 264,000.

The H-2B visa was designed
to bring in low-skilled, temporary, and seasonal workers. This provision would
increase the job competition for some of America’s most vulnerable families during a
time when jobs are still hard to find for lower skilled jobs. Employers like to
hire H-2B workers because their visa is tied to to the company, which prevents
many from complaining or unionizing when mistreated. Recently Buzzfeed did
an expose on the H-2B visa and how it
replaces American workers and exploits foreign workers.

Want the truth in US and
foreign news then go to ONE AMERICAN NEWS NETWORK, on cable TV or Internet; a
family runs broadcasting station that gives you the fact, not the Republican or
Democratic agendas.

ImpaledNazarene January 8, 2016 at 3:35 pm

Trump would immediately win. Bill is doing his wife’s work for her, and she’s the presidential candidate.


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