Sorry if it sounded like I was talking down to you. My intention was to point out that you are elite at personal attacks, because of your relentless spirit, and there is no reason for you to deviate from that strategy. Your ability to drive people away from a thread is second to nobody on 2+2.

No one wants to read your ill informed economic hot takes anyways bahbah. It doesn't take much work.

An ill informed economic hot take is still a better post in a thread dedicated to economics than a bunch of personal attacks.

No one's holding them as a paragon of virtue, but the poor minorities getting handouts from the government caused the 2008 crash is a bit too neat of a dog whistle to let go by.

Minorities?

It was people that the free market didn't think should get loans getting loans that ended up causing the crash.

Personally, I don't think the consequences resulting from CRA deserve the lions share of the blame. If the rating agencies were accurate in their modeling of the real estate market then we wouldn't have had junk rated triple AAA. The degree to which financial institutions influenced the rating agencies is an open question. But ultimately people who bought the securities and thus provided the fuel to inflate prices had the responsibility to do their due diligence. The other part of this are the insuring against default risk that went completely haywire and resulted in the AIG bailout by the Fed which was also a de facto bailout of Goldman. Really what happened here is that investors which included financial institutions completely ****ed up, got really greedy and got bailed out more or less instead of paying up for their **** ups which means that many would have gone under. The powers that be decided that bailouts were a better option than letting market forces extract their punishment on the investors. Whether or not that was a wise decision is open to debate. Personally I think it was a terrible decision. I posted about this at the time Troubled Asset Relief Program (TARP) was put out there by Paulson and Bush. Btw was any troubled asset ever bought with TARP money?

Let's be real here, the federal government no doubt gave these financial institutions a monster helping hand. The blame for this fiasco is shared by both Republicans and Democrats. So bringing this back to Bernie Sanders. I actually think Bernie has a good idea, certainly one worth discussing, regarding breaking up the big financial institutions. It wouldn't be the first time something like this has happened either. Bernie is more or less stating that we should eliminate "too big to fail" from federal government policy. Personally I think he is really on to something here. If Bernie had this at the top of his list in priorities I could actually see myself voting for him.

Bad news for you, you have a mortgage that you wouldn't have in a free market for loans ******.

How do you figure?

bahbah EARNED all those massive government incentives and guarantees for his mortgage. No handouts for him!

I disagree. I don't think the government should be involved in the mortgage business. However, even without them I would still be able to get a mortgage.

Zilzak, it's not a good idea to double down on gambools nonsense.

FYP

Shocking to learn that bahbah has no idea how much government support is necessary for people like him to get mortgages.

Man I need to figure out what to do with my money lets ask this bahbahmickey fellow.

Thank goodness the government has gotten involved in mortgages, healthcare and school loans now they are all so affordable.

Nobody ITT has noticed this?

We should try to get them involved in other aspects of our lives to make everything easier and better. That mail carrier they have is going really well and so is that social security thing they do for us.

What is wrong with the USPS, bahbah? Please explain it to us.

Bahbah is exactly the kind of ****ing idiot who will spend his retirement protesting for government to get their hands off of his Medicare.

The 30 year fixed mortgage and its offshoots don't exist for the masses without government intervention you ignorant ****. Your mortgage is almost certainly subsidized, but you don't care because your whole philosophy is basically getting angry that some poor minority might benefit from your tax dollars.

Your clients are dumb and going to lose their money.

And you people have the balls to call ME angry?

How many arguments do you have going on at this time, gambool? Every thread, it's the same bull****.

Seek help, dog.

im very open that uneducated racist morons rile me up.

What I don't do is shoot off my mouth, cost myself money, then run a bizarre drunken angleshoot to try and get out of it and pay only upon threat of perma ban

I'm not uneducated, and if you'd like to go through the steps of my thinking through that "bet" I'd be more than happy to. What I do know is if it was the other way around it'd have happened differently.

Be happy, you get to donate your "winnings". Don't think what happened makes you seem like some sort of good person, especially in my eyes. I actually think less of you.

I'll try to put the pieces together and move on somehow.

Generally, when things happen differently they do, in fact, happen differently...

Not always, though!

why should the plebs own anything? they can't handle ownership; if they could they would own it already. only the established wealthy should have the privilege of owning property.

He paid out of ego. "No biggie. I'm glad I didn't bet 10 g's."