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Author Topic: The lastest nutroots LIHOP: Housing Market Crash- BUSH KNEW!!!  (Read 1019 times)

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Offline dutch508

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The lastest nutroots LIHOP: Housing Market Crash- BUSH KNEW!!!
« on: January 28, 2009, 04:11:41 PM »
Quote
seemslikeadream  (1000+ posts)        Wed Jan-28-09 12:30 PM
Original message
more evidence of the LIHOP theory 
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=125x232475
Edited on Wed Jan-28-09 12:33 PM by seemslikeadream
while georgie got us all scared to death of non-existent terrorists this LIHOP occurred

the agents with the expertise had been diverted to counter terrorism

http://www.democraticunderground.com/discuss/duboard.ph...

FBI saw mortgage fraud early
Posted by Robbien on Wed Jan-28-09 11:09 AM

Source: Seattle Post

The FBI was aware for years of "pervasive and growing" fraud in the mortgage industry that eventually contributed to America's financial meltdown, but did not take definitive action to stop it.

"It is clear that we had good intelligence on the mortgage-fraud schemes, the corrupt attorneys, the corrupt appraisers, the insider schemes," said a recently retired, high FBI official. Another retired top FBI official confirmed that such intelligence went back to 2002.

"We knew that the mortgage-brokerage industry was corrupt," the first of the retired FBI officials told the Seattle P-I. "Where we would have gotten a sense of what was really going on was the point where the mortgage was sold knowing that it was a piece of dung and it would be turned into a security. But the agents with the expertise had been diverted to counter terrorism."

. . .

Both retired FBI officials asserted that the Bush administration was thoroughly briefed on the mortgage fraud crisis and its potential to cascade out of control with devastating financial consequences, but made the decision not to give back to the FBI the agents it needed to address the problem. After the terrorist attacks of 2001, about 2,400 agents were reassigned to counter terrorism duties.

Read more: http://seattlepi.nwsource.com/national/397690_fbiweb28....

 
OMG! BUSH KNEW!!!!

Quote
Bolo Boffin  (1000+ posts)        Wed Jan-28-09 02:48 PM
Response to Original message
1. You really think that Bush let the global financial crisis happen on purpose?
 Really?


common sense, meet Seems like a Dream...

Quote
seemslikeadream  (1000+ posts)        Wed Jan-28-09 02:55 PM
Response to Reply #1
2. more like he made it happen 
 you know all those rules and stuff he discarded



Seems llike I remember Barney Frank being ass deep in this...somehow...

(yeah, I know...horrid mental image...)

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Offline SSG Snuggle Bunny

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Re: The lastest nutroots LIHOP: Housing Market Crash- BUSH KNEW!!!
« Reply #1 on: January 28, 2009, 05:02:01 PM »
Yes, he knew...and tried on multiple occassions--along with McCain and other republicans--to stop it.

But they were called racist and insensitive to the poor and making-up crses where none existed out of wholecloth.
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Offline debk

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Re: The lastest nutroots LIHOP: Housing Market Crash- BUSH KNEW!!!
« Reply #2 on: January 28, 2009, 05:04:47 PM »
 :thatsright:

The housing industry has been in trouble for the last 2 years.....yes, Bush knew....so did all the damn democrats... :censored:
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Offline jukin

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Re: The lastest nutroots LIHOP: Housing Market Crash- BUSH KNEW!!!
« Reply #3 on: January 28, 2009, 05:29:04 PM »
Good at forgetting inconvient history they are.

How many times since 2003 did Bush ask for tighter restrictions and regulations on feddie and fannie?

The same amount of times that democrats and liberals called them racists and that fredie and fannie were totally sound.

7.
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Offline MrsSmith

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Re: The lastest nutroots LIHOP: Housing Market Crash- BUSH KNEW!!!
« Reply #4 on: January 28, 2009, 05:55:42 PM »
And now it's "big news" that those holding rotten mortgages and living in houses they couldn't afford are...you'll never guess...










minorities and single mothers.

Duh!   ::) ::) ::)

I don't suppose that had anything to do with the Dim's Community Reinvestment (Racial Quota) Act.   ::)

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Offline HACKSAW

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Re: The lastest nutroots LIHOP: Housing Market Crash- BUSH KNEW!!!
« Reply #5 on: January 28, 2009, 06:16:57 PM »
I've heard Rush Limbaugh sat that if there was a Republican at fault in the housing crash, the media would have been shouting it from the mountain tops! Since it was democrats who caused this fiasco you'll never hear a peep from them.

DUmpmonkeys are doing the only thing they know how to do: Rewrite history to blame Bush and the Republicans!
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Offline Vagabond

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Re: The lastest nutroots LIHOP: Housing Market Crash- BUSH KNEW!!!
« Reply #6 on: January 28, 2009, 10:47:09 PM »
Quote from: jukin on January 28, 2009, 05:29:04 PM
Good at forgetting inconvient history they are.

How many times since 2003 did Bush ask for tighter restrictions and regulations on feddie and fannie?

The same amount of times that democrats and liberals called them racists and that fredie and fannie were totally sound.

7.
Oh, how I wish Bush would have used up his political capitol on this instead of pushing an immigration bill that the authors should have been ashamed of.
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Offline Chris_

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Re: The lastest nutroots LIHOP: Housing Market Crash- BUSH KNEW!!!
« Reply #7 on: January 28, 2009, 10:48:44 PM »
Quote from: debk on January 28, 2009, 05:04:47 PM
:thatsright:

The housing industry has been in trouble for the last 2 years.....yes, Bush knew....so did all the damn democrats... :censored:

Exactly. Anyone even remotely connected to the housing market saw signs of abuse and people getting loans way beyond their means long ago. But as said above, any attempt to push back against it made you look like a rascist keeping the poor downtrodden from getting ahead.

I don't know if this video was ever posted here, but this to me is by far the best explaination of the housing market fiasco and how it led to the economic crisis we have going on now. It's long but well worth watching. And it puts the blame squarely where it really lies:

[youtube=425,350]<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/1RZVw3no2A4&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/1RZVw3no2A4&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>[/youtube]

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Offline Chris_

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Re: The lastest nutroots LIHOP: Housing Market Crash- BUSH KNEW!!!
« Reply #8 on: January 28, 2009, 11:49:35 PM »
Is PREDICTED now the same as KNEW (read CAUSED)?
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Offline BlueStateSaint

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Re: The lastest nutroots LIHOP: Housing Market Crash- BUSH KNEW!!!
« Reply #9 on: January 29, 2009, 05:22:00 AM »
My wife and I were looking for a house in the midst of all of the kerfluffle in '04.  Found one in the city that her parents lived in, not too far from them.  Had a fireplace, and a nice sleigh-riding hill 40 feet from the front door, too.  I wasn't sure if we'd be able to afford it, especially when the seller didn't want to take an asbestos-clad furnace out of the basement.  So, we didn't do it.  Looking back at that, it's a good thing we didn't.  The property taxes in that city would probably dirve us out.

'Course, I could have been a DUmb**** and gone for it, too.  That's not how my parents brought me up.
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Offline claret1995

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Re: The lastest nutroots LIHOP: Housing Market Crash- BUSH KNEW!!!
« Reply #10 on: January 29, 2009, 08:41:58 AM »
Quote from: jukin on January 28, 2009, 05:29:04 PM
Good at forgetting inconvient history they are.

How many times since 2003 did Bush ask for tighter restrictions and regulations on feddie and fannie?

The same amount of times that democrats and liberals called them racists and that fredie and fannie were totally sound.

7.


 At one point in circa 2003,in a house hearing barney frank called John Snow an ALARMIST for pushing tighter restrictions on freddie and fannie
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Offline JohnnyReb

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Re: The lastest nutroots LIHOP: Housing Market Crash- BUSH KNEW!!!
« Reply #11 on: January 29, 2009, 08:55:20 AM »
Quote from: claret1995 on January 29, 2009, 08:41:58 AM

 At one point in circa 2003,in a house hearing barney frank called John Snow an ALARMIST for pushing tighter restrictions on freddie and fannie
 

3 or 4 weeks ago, I read somewhere that president Bush had asked for an audit (accounting?) of Freddie Mack and Fannie Mae as early as Apiril, 2001. Braney Frank and crowd was successful in delaying it for years.
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Offline jukin

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Re: The lastest nutroots LIHOP: Housing Market Crash- BUSH KNEW!!!
« Reply #12 on: January 29, 2009, 10:08:26 AM »
Quote from: JohnnyReb on January 29, 2009, 08:55:20 AM
 

3 or 4 weeks ago, I read somewhere that president Bush had asked for an audit (accounting?) of Freddie Mack and Fannie Mae as early as Apiril, 2001. Braney Frank and crowd was successful in delaying it for years.

You surely don't meen  the same Bawney Fwank that was shoving his penis into the second from the top guy at Freddie do you?
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When you are the beneficiary of someone’s kindness and generosity, it produces a sense of gratitude and community.

When you are the beneficiary of a policy that steals from someone and gives it to you in return for your vote, it produces a sense of entitlement and dependency.
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