Bernie Sanders

[Doc]

The push to "deregulate", notably repealing the Glass-Steagall act, was pushed for by corporate investment banksters and speculators decades long: a link was once posted by Typhoon.

I guess. But Glas steagl didn't have anything to do with anything.

The 2008 crisis was not only caused by the housing bubble in the US. Also regulators not doing their job and allowing triple-A dog-poo to accumulate in the housing market knowingly.

It was caused by a Keynesian bubble, a government created debt market and a government created financing entity, Freddie/Fannie.

It's all Democrat from top to bottom.

A number of wrong incentives have contributed to the 2008 crisis. Most importantly, IMO, the fact that people like Goldman Sachs CEO Blankfein are allowed to entirely protect their private capital from being exposed to the same risks he takes with other peoples money.

As I said, don't hate the playa, hate the game. GS just plays the game as designed by Democrats. Root cause is the Democrats, not GS.

Intentionally rigged or not.. the incentives operating in the financial industry will drive us again to a 2008 situation.

Um, under obama we're already there again. You guys really, really, really don't pay attention.

Btw.. Mr. P.,... you of all people should know. Where there are rules&laws, there will always be people trying to find semi-illegal loopholes, try steal without being caught, or preferably: grab power and change laws to rig a system in your own favor.

And Democrats are there to facilitate that process at every step. That's why we're against Democrats so much.

You should watch this video, it's really going to change your mind.

IyqYY72PeRM

Republicrats were as much at the trough as Demopublicans.

From another thread,

A small group of pundits have criticized the movie [The Big Short], claiming that the fundamental narrative is wrong. The government, they say, is at fault, because it forced banks to give mortgages to lower-income people who couldn’t afford them. Barron’s blamed Bill Clinton, the Wall Street Journal blamed “uncertainty about how government would treat the biggest banks,” and Peter Wallison at the American Enterprise Institute went back to pursuing his white whale, blaming Fannie Mae and Freddie Mac for all that is wrong in the world.

Each of these arguments has been so thoroughly debunked over the years that they are not worth spilling more than a few pixels here. Yes, Clinton -- and George W. Bush after him -- both promoted housing for lower-income families. However, these were not the mortgages at the heart of the crisis. As my Bloomberg View colleague Noah Smith observes, “housing bubbles manifested in many countries that had no equivalent to the government-sponsored enterprises Fannie Mae and Freddie Mac, the bubble was driven by middle- and high-income borrowers, and the borrowers who drove up prices were primarily speculators rather than owner-occupiers.”

Wearing ideological blinders while trying to understand the FIRE economy is like boxing blindfolded with one hand tied behind behind one's back.

The same applies to trying to make money in the financial markets.

Not so fast. Just Fannie Mae in one year spent $10 Million on lobbying congress to hire every lobbying firm in DC so no one opposng them could fight against them. Freddie Mac spent $12 million the same year

https://www.opensecrets.org/lobby/clien ... &year=2005

Fannie Mae

Client Profile: Summary, 2005
Year:

A special interest's lobbying activity may go up or down over time, depending on how much attention the federal government is giving their issues. Particularly active clients often retain multiple lobbying firms, each with a team of lobbyists, to press their case for them.

Total Lobbying Expenditures: $10,080,000
Subtotal for Parent Fannie Mae: $10,080,000
Fannie Mae Lobbying by Industry Industry Total
Real Estate $10,080,000


Itemized Lobbying Expenses for Fannie Mae Firms Hired Total Reported by Filer Reported Contract Expenses (included in Total Reported by Filer)
Fannie Mae $10,080,000 -
Ogilvy Government Relations - $280,000
McSlarrow Consulting - $200,000
Van Scoyoc Assoc - $160,000
Johnson, Madigan et al - $140,000
Bryan Cave Strategies - $140,000
C2 Group - $120,000
Cauthen, Forbes & Williams - $120,000
Alexander Strategy Group - $120,000
Public Strategies Inc - $120,000
Ricchetti Inc - $120,000
Miller, Hamilton et al - $80,000
Fierce, Isakowitz & Blalock - $80,000
Barker, James C - $80,000
Duberstein Group - $80,000
Clark & Assoc - $80,000
Larson, Dodd et al - $80,000
Downey McGrath Group - $40,000
Elmendorf, Steven - $40,000
Ernst & Young - $40,000
OB-C Group - $40,000
Gray, Geoffrey P - $20,000
Kelley, Drye & Warren - $20,000
Bracewell & Giuliani - $0
$2,200,000

Italicized records not included in Total Reported by Filer
Search database by:

Advanced Search
Find Your Representatives

[Mr. Perfect]

A small group of pundits have criticized the movie [The Big Short], claiming that the fundamental narrative is wrong. The government, they say, is at fault, because it forced banks to give mortgages to lower-income people who couldn’t afford them. Barron’s blamed Bill Clinton, the Wall Street Journal blamed “uncertainty about how government would treat the biggest banks,” and Peter Wallison at the American Enterprise Institute went back to pursuing his white whale, blaming Fannie Mae and Freddie Mac for all that is wrong in the world.

Each of these arguments has been so thoroughly debunked over the years that they are not worth spilling more than a few pixels here. Yes, Clinton -- and George W. Bush after him -- both promoted housing for lower-income families. However, these were not the mortgages at the heart of the crisis. As my Bloomberg View colleague Noah Smith observes, “housing bubbles manifested in many countries that had no equivalent to the government-sponsored enterprises Fannie Mae and Freddie Mac, the bubble was driven by middle- and high-income borrowers, and the borrowers who drove up prices were primarily speculators rather than owner-occupiers.”

Dramatically ridiculous. What happened in other countries exonerates Democrats in no way shape or form.

[Typhoon]

The push to "deregulate", notably repealing the Glass-Steagall act, was pushed for by corporate investment banksters and speculators decades long: a link was once posted by Typhoon.

I guess. But Glas steagl didn't have anything to do with anything.

The 2008 crisis was not only caused by the housing bubble in the US. Also regulators not doing their job and allowing triple-A dog-poo to accumulate in the housing market knowingly.

It was caused by a Keynesian bubble, a government created debt market and a government created financing entity, Freddie/Fannie.

It's all Democrat from top to bottom.

A number of wrong incentives have contributed to the 2008 crisis. Most importantly, IMO, the fact that people like Goldman Sachs CEO Blankfein are allowed to entirely protect their private capital from being exposed to the same risks he takes with other peoples money.

As I said, don't hate the playa, hate the game. GS just plays the game as designed by Democrats. Root cause is the Democrats, not GS.

Intentionally rigged or not.. the incentives operating in the financial industry will drive us again to a 2008 situation.

Um, under obama we're already there again. You guys really, really, really don't pay attention.

Btw.. Mr. P.,... you of all people should know. Where there are rules&laws, there will always be people trying to find semi-illegal loopholes, try steal without being caught, or preferably: grab power and change laws to rig a system in your own favor.

And Democrats are there to facilitate that process at every step. That's why we're against Democrats so much.

You should watch this video, it's really going to change your mind.

IyqYY72PeRM

Republicrats were as much at the trough as Demopublicans.

From another thread,

A small group of pundits have criticized the movie [The Big Short], claiming that the fundamental narrative is wrong. The government, they say, is at fault, because it forced banks to give mortgages to lower-income people who couldn’t afford them. Barron’s blamed Bill Clinton, the Wall Street Journal blamed “uncertainty about how government would treat the biggest banks,” and Peter Wallison at the American Enterprise Institute went back to pursuing his white whale, blaming Fannie Mae and Freddie Mac for all that is wrong in the world.

Each of these arguments has been so thoroughly debunked over the years that they are not worth spilling more than a few pixels here. Yes, Clinton -- and George W. Bush after him -- both promoted housing for lower-income families. However, these were not the mortgages at the heart of the crisis. As my Bloomberg View colleague Noah Smith observes, “housing bubbles manifested in many countries that had no equivalent to the government-sponsored enterprises Fannie Mae and Freddie Mac, the bubble was driven by middle- and high-income borrowers, and the borrowers who drove up prices were primarily speculators rather than owner-occupiers.”

Wearing ideological blinders while trying to understand the FIRE economy is like boxing blindfolded with one hand tied behind behind one's back.

The same applies to trying to make money in the financial markets.

Not so fast. Just Fannie Mae in one year spent $10 Million on lobbying congress to hire every lobbying firm in DC so no one opposng them could fight against them. Freddie Mac spent $12 million the same year

https://www.opensecrets.org/lobby/clien ... &year=2005

Fannie Mae

Client Profile: Summary, 2005
Year:

A special interest's lobbying activity may go up or down over time, depending on how much attention the federal government is giving their issues. Particularly active clients often retain multiple lobbying firms, each with a team of lobbyists, to press their case for them.

Total Lobbying Expenditures: $10,080,000
Subtotal for Parent Fannie Mae: $10,080,000
Fannie Mae Lobbying by Industry Industry Total
Real Estate $10,080,000


Itemized Lobbying Expenses for Fannie Mae Firms Hired Total Reported by Filer Reported Contract Expenses (included in Total Reported by Filer)
Fannie Mae $10,080,000 -
Ogilvy Government Relations - $280,000
McSlarrow Consulting - $200,000
Van Scoyoc Assoc - $160,000
Johnson, Madigan et al - $140,000
Bryan Cave Strategies - $140,000
C2 Group - $120,000
Cauthen, Forbes & Williams - $120,000
Alexander Strategy Group - $120,000
Public Strategies Inc - $120,000
Ricchetti Inc - $120,000
Miller, Hamilton et al - $80,000
Fierce, Isakowitz & Blalock - $80,000
Barker, James C - $80,000
Duberstein Group - $80,000
Clark & Assoc - $80,000
Larson, Dodd et al - $80,000
Downey McGrath Group - $40,000
Elmendorf, Steven - $40,000
Ernst & Young - $40,000
OB-C Group - $40,000
Gray, Geoffrey P - $20,000
Kelley, Drye & Warren - $20,000
Bracewell & Giuliani - $0
$2,200,000

Italicized records not included in Total Reported by Filer
Search database by:

Advanced Search
Find Your Representatives

This is like being in a room blindfolded, finding the tail of the elephant, and proclaiming it to be a donkey.

A small part of the overall problem.

[Typhoon]

A small group of pundits have criticized the movie [The Big Short], claiming that the fundamental narrative is wrong. The government, they say, is at fault, because it forced banks to give mortgages to lower-income people who couldn’t afford them. Barron’s blamed Bill Clinton, the Wall Street Journal blamed “uncertainty about how government would treat the biggest banks,” and Peter Wallison at the American Enterprise Institute went back to pursuing his white whale, blaming Fannie Mae and Freddie Mac for all that is wrong in the world.

Each of these arguments has been so thoroughly debunked over the years that they are not worth spilling more than a few pixels here. Yes, Clinton -- and George W. Bush after him -- both promoted housing for lower-income families. However, these were not the mortgages at the heart of the crisis. As my Bloomberg View colleague Noah Smith observes, “housing bubbles manifested in many countries that had no equivalent to the government-sponsored enterprises Fannie Mae and Freddie Mac, the bubble was driven by middle- and high-income borrowers, and the borrowers who drove up prices were primarily speculators rather than owner-occupiers.”

Dramatically ridiculous. What happened in other countries exonerates Democrats in no way shape or form.

Or Republicrats.

[Mr. Perfect]

In America we don't have a "Republicrat" Party, but Democrats and Republicans, and when it comes to the economic meltdown it is entirely the fault of Democrat policy. Entirely.

[YMix]

http://berniespeedtest.com/

[Typhoon]

In America we don't have a "Republicrat" Party, but Democrats and Republicans, and when it comes to the economic meltdown it is entirely the fault of Democrat policy. Entirely.

Anonymous assertion. How convincing.

Rather you have the Republicrats and the Demopublicans.

Two parts of the same whole.

[Nonc Hilaire]

In America we don't have a "Republicrat" Party, but Democrats and Republicans, and when it comes to the economic meltdown it is entirely the fault of Democrat policy. Entirely.

Anonymous assertion. How convincing.

Rather you have the Republicrats and the Demopublicans.

Two parts of the same whole.

Political polygamy. The definitive proof is the GOP leaders recommnding people vote for Hillary instead of Trump.

[Typhoon]

In America we don't have a "Republicrat" Party, but Democrats and Republicans, and when it comes to the economic meltdown it is entirely the fault of Democrat policy. Entirely.

Anonymous assertion. How convincing.

Rather you have the Republicrats and the Demopublicans.

Two parts of the same whole.

Political polygamy. The definitive proof is the GOP leaders recommending people vote for Hillary instead of Trump.

Q.E.D.

[Mr. Perfect]

Not much time these days, but I want to go on the record that I amazed at Bernie Sanders. I don't think that he is an anti Hillary Candidate, otherwise O Malley would have done much better.

Rather, as a naked socialist Democrats can't help but respond to him. They love him. They love their naked socialist.

However, I am amazed also, because he could have won this election in the first debate. But when he gave Hillary a pass on the emails his race was over. That one mistake cost him everything.

[Alexis]

Political polygamy. The definitive proof is the GOP leaders recommnding people vote for Hillary instead of Trump.

Not to forget the Trump-Sanders crossover vote.

Last week a survey from Washington-based Mercury Analytics surfaced with a most curious finding: Roughly 20 percent of Democrats said they would defect from their party to vote for Donald Trump, with a surprising number of them declaring with 100 percent certainty they would be comfortable doing so. A smaller chunk of Republicans (14 percent) said they would switch to vote for Hillary Clinton.
(...)
“Voters who were on the fence between the seemingly polar opposite candidates said both communicated well with working-class people and made strong cases for how they would improve the economy,” The New York Times reported from Vermont last week, observing the odd phenomenon of voters who consider the two candidates quite comparable. In the words of one voter: “Bernie is my No. 1 choice, and Trump is No. 2. They’re not that different.”

[Alexis]

Sanders has taken the gloves off in dealing with HRC.

mcOJTxFlP9M

Not only does Bernard Sanders tells things like they are, not only does he strike right and strong, he does all of that without conceding anything of his manners. He keeps being a gentleman, as is fitting to every man, all the more so to a politician candidating for the presidency of his country.

An undeniable superiority over the other American candidate who calls things by their names, and corruption by his name, that is Donald Trump.

Note that the result is all the more scathing.

[Parodite]

Why not Trumpy the Great (just to make the show and give Americans the free wrestling show they love, need and deserve to get) forms Gvt with Sanders the Burn to torch Wallstreet and get a few more Dalton brothers behind bars, Kasichkin to manage responsible, modern socio-economic governance with less power for Washington and more to the States. And indeed with Rand as the right typov VP. This is the current best the US has to offer IMO.

(is it possible, even thinkable a democrat would be part of a republican gvt?)

[Simple Minded]

Note to self:

Don't suck one of Zack's teats 100% dry.
That would be mean cause his clothes wouldn't fit right.
Suck approximately 50% from each teat.

[Heracleum Persicum]

.


"Contest between Ronald Reagan and Gerald Ford in 1976".
A movement figure taking on an exhausted/entrenched establishment, running much better than anyone expected.
But
like Reagan,
even in defeat,
Sanders clearly represents the future of the party.


Either Hillary & Jeb did not realize the mood Joe is in, or, they thought Joe same Joe used 2B

Jeb got the message and quit .. Hillary will not let go, beating the same drum again and again.

You foolin nobody (anymore), Hillary

In fact, only chance to beat Trump is Sanders .. Hillary as good as handing presidency to Donald upfront.


.

[Mr. Perfect]

Not only does Bernard Sanders tells things like they are, not only does he strike right and strong, he does all of that without conceding anything of his manners. He keeps being a gentleman, as is fitting to every man, all the more so to a politician candidating for the presidency of his country.

An undeniable superiority over the other American candidate who calls things by their names, and corruption by his name, that is Donald Trump.

Note that the result is all the more scathing.

No, not really. You have been deceived. It just gets worse from here.

E14lsC4WLV0

[Doc]

When is Bernie going to apologize for his fascist thugs last night and disavow his inflammatory, and violence inciting sloganeering?

10qc0q.jpg (22.2 KiB) Viewed 868 times

[Heracleum Persicum]

.


Bernie @ his best


Greenspan, singlehandedly, destroyed American economy .. with his bodies, Rubin, Summers, Goldman etc

A full fledge id*ot.


Only Sanders can save America

But my vote goes to Trump .. don't ask why


.

[Simple Minded]

.

But my vote goes to Trump .. don't ask why

OK.... I won't.

Hopefully, the rest of the world will follow my lead...... for a change.

[Typhoon]

.


Bernie @ his best


Greenspan, singlehandedly, destroyed American economy .. with his bodies, Rubin, Summers, Goldman etc

A full fledge id*ot.


Only Sanders can save America

But my vote goes to Trump .. don't ask why


.

You have US citizenship?

[Heracleum Persicum]

.


Bernie @ his best


Greenspan, singlehandedly, destroyed American economy .. with his bodies, Rubin, Summers, Goldman etc

A full fledge id*ot.


Only Sanders can save America

But my vote goes to Trump .. don't ask why


.

You have US citizenship ?

.

NO


Am "world citizen", like Einstein

.

[noddy]

a socialist joke is only funny if everyone gets it.

[Nonc Hilaire]

a socialist joke is only funny if everyone gets it.

that should be your next sig.

[Heracleum Persicum]

a socialist joke is only funny if everyone gets it.


.

No such thing as "socialist"

You either Capitalist or communist

"Socialist" in reality "opportunist"


.

[noddy]

socialism is a specific political viewpoint that does need a name, it is a belief is that communism is good but failed because it was too much, too fast.

https://en.wikipedia.org/wiki/Fabian_Society

your favourite canadian family, the trudeau's, are an example of it in action and show how its different to communism.