What If Biden Is Elected?

[Why_Yes_I_Do]

"You ought to marry into a family with 5 or more sisters… You know why that's the reason? One of them always loves you."

Maybe it's good advise in Arkansas or something...

[adav8s28]

[QUOTE=The_Waco_Kid;1062094016]
and guess who caused it all?


Slick Willie Blythe (Clinton)

[/I][/QUOTE

Not True. The Wall street meltdown of 2008 had nothing to do with Clinton. Investment Banks and commercial banks were running a scam with the ratings houses like Moodys and Standard and Poor. In the link below Moody's agrees to pay the Government almost 1 billion in fines for putting false information on a prospectus. This allowed securities to be sold at a higher price than what they were worth.

https://www.theguardian.com/business...nancial-crisis

[The_Waco_Kid]

[QUOTE=adav8s28;1062094993]

Originally Posted by The_Waco_Kid

and guess who caused it all?


Slick Willie Blythe (Clinton)

[/I][/QUOTE

Not True. The Wall street meltdown of 2008 had nothing to do with Clinton. Investment Banks and commercial banks were running a scam with the ratings houses like Moodys and Standard and Poor. In the link below Moody's agrees to pay the Government almost 1 billion in fines for putting false information on a prospectus. This allowed securities to be sold at a higher price than what they were worth.

https://www.theguardian.com/business...nancial-crisis

no so! Slick Willie owns it




Fannie Mae Eases Credit To Aid Mortgage Lending

Originally Posted by The_Waco_Kid

Krugman is an idiot. and the S&L bailout was about Savings and loan banks, not commercial banks.



and you'd be better off focusing on who was president when HUD pressured Fannie Mae and Freddie Mac (who thinks up these stupid names??) to expand mortgages to unqualified minority buyers ..


this guy







stop blaming Ronnie a reformed REPUBLICAN for what a die hard DEMOCRAT did.



https://www.nytimes.com/1999/09/30/b...e-lending.html


Fannie Mae Eases Credit To Aid Mortgage Lending


By Steven A. Holmes

• Sept. 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.


The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.


Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.


In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.


''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''


Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.


In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.


''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''


Under Fannie Mae's pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 -- a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.


Fannie Mae, the nation's biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.


Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites.


Home ownership has, in fact, exploded among minorities during the economic boom of the 1990's. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University's Joint Center for Housing Studies. During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent.


In contrast, the number of non-Hispanic whites who received loans for homes increased by 31.2 per cent.


Despite these gains, home ownership rates for minorities continue to lag behind non-Hispanic whites, in part because blacks and Hispanics in particular tend to have on average worse credit ratings.


In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.


The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants.

[eccielover]

Originally Posted by adav8s28

Not True. The Wall street meltdown of 2008 had nothing to do with Clinton. Investment Banks and commercial banks were running a scam with the ratings houses like Moodys and Standard and Poor. In the link below Moody's agrees to pay the Government almost 1 billion in fines for putting false information on a prospectus. This allowed securities to be sold at a higher price than what they were worth.

While Clinton had a major influence in the eventual bubble and crash, I blame the Dems in Congress starting in 2007 for much of what they should and could have prevented.

The much maligned Republican Senator John McCain wanted to start stiffer oversight of the financial bubble that was building, but good ole Barney Frank said nothing to see here.

That ultimately led to the Dems taking no action and the eventual collapse in 2008 under their watch.

[LexusLover]

Originally Posted by The_Waco_Kid

no so! Slick Willie owns it

Willie Lovers never accepted that he ended his occupancy of the WH on an economic crisis ... that Bush inherited and Willie even went ballistic over Xmas when Cheney was taking about the economic problems would be their first issue to resolve.

I'll never forget about the "surplus" talk ....

... when one doesn't pay their bills for months they may believe they have a "surplus" .... but!

There was a House inquiry beginning in 2001 January.....the comments of Lamar Smith got buried .. almost.

[oeb11]

Remember the Clintons tried to loot the furniture and paintings of teh WH prior to leaving.

ssays a great deal about their character and integrity.

If H.. had been elected - they would have done their "Moving" earlier than Inauguration day following H...'s term - and left a deserted and empty WH.

such Upright, people!

[Why_Yes_I_Do]

Originally Posted by adav8s28

...Not True. The Wall street meltdown of 2008 had nothing to do with Clinton. Investment Banks and commercial banks were running a scam with the ratings houses like Moodys and Standard and Poor...

And why oh why were they fudging their numbers? Because Slick "humidor lover" Willie created the 'Got a pulse, get a loan' program and those banks had a shit-ton of worthless loans, that borrows had zero hope of ever repaying, to hide under a pile of more worthless loans, which they gave cool, new-ageyname, like Credit Default Swaps., which bankrupted whole countries and tanked millions of people's portfolios.


Watch the movie "The Big Short" if you want to know how it went down, down, down, down.

[LexusLover]

Originally Posted by oeb11

Remember the Clintons tried to loot the furniture and paintings of teh WH prior to leaving.

They were asked to return shit.

I've seen some evacuated Section 8 houses (post Katrina) that had no business being placed in a rental pool in the first place. STRIPPED and partially GUTTED ..... fine homes that if in good condition would be in the $250,000+ range back then for a quick sale in some decent neighborhoods ... back then.

Birds of feather!

[LexusLover]

Originally Posted by adav8s28

Not True.

Knee Jerk.

[The_Waco_Kid]

meet the newest "woke" bitch Corn Poop Biden is vetting to run as his VP ..


Joey Corn Poop's strategy seems to be to find the ugliest black female he can find.

Congresswoman Karen Bass being vetted to be Biden running mate

https://www.yahoo.com/news/congressw...054013073.html









Congresswoman Karen Bass, chair of the Congressional Black Caucus, is undergoing vetting as a candidate to be Joe Biden's running mate, CBS News has learned according to sources familiar with the process.


The five-term congresswoman represents Los Angeles and endorsed Biden for president in mid-March.


It is not immediately clear where Bass stands in the vetting process but her name has been floated for consideration by powerful Democrats like House Majority Whip James Clyburn. "Karen Bass would be a big plus…she is a great person in my mind, I work with her every day," Clyburn told CNN in June when asked about Biden's vetting process.


Clyburn specifically cited her previous leadership experience as speaker of the California Assembly, the first African-American woman to lead the chamber, as fitting preparation for the White House.


Her current leadership of the Congressional Black Caucus has taken on even greater importance, since she recently unveiled House Democrats' slate of police reforms in the wake of George Floyd's death and the nationwide protests for racial equality."I'm inclined to push the envelope as far as we can because we have a moment now," Bass said of the policing reform proposal in an interview with CBS News' Major Garrett on "The Takeout" podcast.


Bass' vetting comes as pressure builds on Biden to pick a woman of color to join him on the ticket.


In a recent interview with "CBS Evening News" anchor Norah O'Donnell after he met with Floyd's family in Texas, Biden was adamant that the recent racial tensions and spotlight on civil rights have not dramatically altered his criteria in picking a running mate.


This new vetting also comes after Minnesota Senator Amy Klobuchar withdrew her name from vice presidential consideration, saying that she directly implored Biden to pick a woman of color.


From her perspective, Bass told Garrett she "would certainly like to see" a woman of color chosen as Biden's running mate but added it was not "imperative."


Neither Bass' congressional office nor Biden's campaign immediately responded to a request for comment.


Before politics, Bass' career was in healthcare as a physician's assistant, notable experience as the country continues to face the COVID-19 pandemic.


As the seriousness of the pandemic set in during late March, Bass joined Biden for a livestream event about the problems faced by medical workers on the front lines of the pandemic.


"I worked in the trauma center at the beginning of the AIDS epidemic, I remember working without protection and I remember the fear I had every day," Bass said on the livestream about her work in Los Angeles. "I know the commitment you have to save lives even if it means putting your own life at risk. The nation thanks you for your service."


In 2010, the congresswoman was honored with the Profile in Courage Award for her bipartisan work in striking a legislative deal to address the 2009 financial crisis in California. Bass and her fellow leaders "set aside party loyalties and ideological differences and fashioned a solution to rescue California from the brink of financial ruin," Caroline Kennedy said in delivering the award.


Bass' vetting comes as Biden's team of running mate head hunters is entrenched in an intensive vetting of candidates, a process that includes an extensive review of documents, public and private records and lengthy written questionnaires and interviews.


There are several other women of color under consideration to join the White House ticket. CBS News recently reported that former National Security Adviser Susan Rice, Representative Val Demings and Atlanta Mayor Keisha Lance Bottoms, are now being considered more seriously for the role than they were weeks prior. An announcement has been previewed around August 1.


One of the women helping Biden make his decision is Delaware Representative Lisa Blunt Rochester. She has been honest about how race will factor into her deliberation.


"If we want to transform this country, this is the time to recognize...the leadership of black women," Blunt Rochester said on a recent livestream. "We won't be taken for granted."

[oeb11]

Yup- the next POTUS after Biden is 25th amendment xited - if victorious.

get ready for the Kalifornication of amerika! marxism and a ban on white males - concentration camps for political conservatives - and no more two party system.

They do have plans. Maduro and Venezuela are their model

[nevergaveitathought]

Originally Posted by oeb11

Yup- the next POTUS after Biden is 25th amendment xited - if victorious.

get ready for the Kalifornication of amerika! marxism and a ban on white males - concentration camps for political conservatives - and no more two party system.

They do have plans. Maduro and Venezuela are their model

have you noticed that its zealous radical young white women who are the most stern-faced, zombie-like, committed soldiers for the communists in this struggle

they remind me of the manson family girls