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21
Trump Legal Investigations / Re: Trump says he would 'be very proud to go to jail for our Constitution' following court appearanc
« Last post by libertybele on Today at 02:31:33 am »
Quote from: IsailedawayfromFR on Today at 01:03:17 am
Go ahead and jail him.

See what happens next

Nothing but the RNC and the GOP figuring out what to do.

If you think people are going to rise up in his defense I think it is doubtful.  Those being incarcerated for J6 was a warning shot.
22
Trump Legal Investigations / Re: Trump says he would 'be very proud to go to jail for our Constitution' following court appearanc
« Last post by corbe on Today at 02:09:30 am »
   Really reenforcing the Trumper Cult.

23
Economy/Business / Re: ‘Seriously Underwater’ Home Mortgages Tick Up Across the US
« Last post by banddag on Today at 01:46:45 am »
Quote from: DB on Today at 01:32:10 am
Nice rebuttal to an argument no one made...

Wingnut made a comment earlier in the week Obama was responsible for the housing collapse on another thread.
24
Economy/Business / Re: ‘Seriously Underwater’ Home Mortgages Tick Up Across the US
« Last post by LMAO on Today at 01:41:32 am »
Quote from: banddag on Today at 12:35:12 am

Obama had nothing to do with the housing collapse no matter how much you outright lie about it and try to fool guillable people with revisionist bullsheet


Not necessarily true


Reno and Holder also encouraged civil-rights lawyers like Obama to file local lending-bias cases against banks.

The next year, Obama led a class-action suit against Citibank on behalf of several Chicago minorities who claimed they were rejected for home loans because of the color of their skin. It was one of 11 such suits filed against the financial giant in Chicago and New York in the 1990s.

As first reported in Paul Sperry's "The Great American Bank Robbery," the plaintiffs' claim lacked merit. Factors other than race figured in the bank's decision to turn them down for loans.

One of Obama's clients had "inadequate collateral" and "an incomplete application," while another had "delinquent credit obligations and other adverse credit history."

Obama argued such facts miss the point: that Citibank's neutral underwriting criteria may have adversely impacted his clients as a class of people. He demanded it turn over loan files from the entire Chicago metro area to prove it regularly engaged in a pattern of discrimination.

The court didn't award him the files. But Citibank eventually settled, despite the weak case. Under the 1998 settlement, Citibank vowed to pay the alleged victims $1.4 million and launch a program to boost home lending to poor blacks in the metro area.

In the run-up to the crisis, Citibank underwrote thousands of shaky subprime mortgages to satisfy the court in Obama's case. Defaults were common. When home prices collapsed, most of the loans went bust.

His lead African-American client, Selma Buycks-Roberson, who was denied a loan due to bad credit and low income, got her mortgage only to default on it years later.

She got a foreclosure notice in 2008, according to The Daily Caller website, along with many of her Chicago neighbors.

By putting them on the hook for loans they couldn't pay, Obama did them no favors. Blacks have been hit hardest by foreclosures. But what does Obama care? The Caller reports he pocketed at least $23,000 from the Citibank case.

Today, he blames the devastating wealth drain in black communities on subprime mortgages. He says "greedy," "predatory" lenders tricked poor minorities into paying higher fees and interest rates.

But Obama was for subprime loans before he was against them. "Subprime loans started off as a good idea," he said as those loans began to sour in 2007.

His closest economic advisers also promoted subprime lending. Several months earlier, Chicago pal Austan Goolsbee, who later became his top economist, sang the praises of subprime loans in a New York Times column. He argued they allowed poor blacks "access to mortgages."

One of Obama's top bank regulators, Gary Gensler, once bragged that thanks to subprime mortgages, banks made home loans to minorities at "twice the rate" they made to other borrowers, according to "Bank Robbery." "A subprime loan is a good option when the alternative is no access to credit," he said years before the crisis.

Obama hasn't learned from his mistakes.

Far from it, IBD has learned the mammoth credit watchdog agency he created (with input from NPA radicals) will dust off Clinton's 1994 minority lending guidelines to crack down on stingy lenders. And he's ordered Holder, now acting as his attorney general, to prosecute banks that don't open branches in blighted urban areas.

Not only has Obama scapegoated banks for the crisis he helped cause, he's exploited minority suffering to continue reckless policies that hurt those he claims to champion.



https://www.investors.com/politics/editorials/fingerprints-of-obama-on-subprime-foreclosure-crisis/

25
General Discussion / Re: The Tables Down at Mory's
« Last post by DCPatriot on Today at 01:38:14 am »

https://www.youtube.com/watch?v=86BmSaXZMHw
26
Economy/Business / Re: ‘Seriously Underwater’ Home Mortgages Tick Up Across the US
« Last post by DB on Today at 01:32:10 am »
Quote from: banddag on Today at 12:35:12 am
Obama had nothing to do with the housing collapse no matter how much you outright lie about it and try to fool guillable people with revisionist bullsheet
Yes, this collapse happened under the W  Presidency and warnings about subprime were circulating as early as 2005

Nice rebuttal to an argument no one made...
27
Elections 2024 / Re: Trump asks Big Oil for $1B in campaign cash
« Last post by IsailedawayfromFR on Today at 01:26:48 am »
"Big Oil" is no more.

Still being used when there are now many, many players than decades ago when the 7 Sisters demanded patronage.

Big Oil patronage now is actually the big state oil companies like Saudi Aramco, Rosneft, Iranian Oil Company and Cinopec.

The Exxons and Chevrons are very small compared to what these giants are.

Yet some are still dumb enough to believe the Big Oil propaganda
28
Editorial/Opinion/Blogs / Re: Birx Busted
« Last post by corbe on Today at 01:25:43 am »
   I know why Trump trusted her



   She occasionally wore his color.
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Editorial/Opinion/Blogs / Re: Birx Busted
« Last post by mountaineer on Today at 01:21:22 am »
Quote from: jmyrlefuller on Today at 12:27:48 am
Make no mistake about it: Birx was right there alongside Fauci. She was just able to cloak her malevolence a little better while Fauci drew all the flak.
The stylish scarves were quite a disguise.
30
National/Breaking News / Re: Powerful geomagnetic storm reaches Earth with possible impact on GPS, power grids through Saturd
« Last post by IsailedawayfromFR on Today at 01:13:45 am »
We get these all the time.

Which do believe it is a diversion being made on the calamities of the Trump trials or of Biden's diaper pants moments?

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