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UT alum

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Posts posted by UT alum

  1. 3 hours ago, stevenash said:

    Precisely-  How did those zero down loans with no credit checks come about?

     

    1 hour ago, stevenash said:

    come on, UT Alum, you don't need a link from liberal academia to answer my last question.

    Come on, Ash, all your quotes and links come from conservative academia, so what’s the point?

    I guess Fannie and Freddie stuck a gun in Wall Street’s face and said do it, or else.

  2. 1 hour ago, Hagar said:

    Twenty years ago, had I said, The Left will have men & women going to the same bathroom, that would have been hyperbole - then.  The Far Left is so radical, I’m reluctant to put constraints on most possible future agendas.  

    Was that federal legislation did that, or Supreme Court affirmation of state law? 

  3. 7 minutes ago, baddog said:

    For those parents who would endanger their kids, let them in..... then they can abort them. What could be better? Those loving parents. The age of kids to legally abort them keeps going up. Pretty soon, it will be legal to murder them at any age...... But let's concentrate on separaring then from their illegal parents at the border.

    Is that the best you got? Murder legal at any age? I hope that’s just hyperbole.

  4. 40 minutes ago, Ty Cobb said:

    How about be a good parent and don't put your kids in this situation.  Stop your bleeding heart for people who knowingly and willingly break the law.  Stop having a bleeding heart for criminals who would endanger their children by breaking the law.  I don't feel bad for my family member who went to jail for a DUI.(I didn't want it to happen to her but she deserved it.)  I dang sure don't feel bad for an illegal immigrant who puts their children/family in danger by breaking the law.

    They’re trying to bring their family to a place they believe will provide a better opportunity. That’s a good and desperate parent. I’m not going to stop involving my heart in my decision making. If you calling me a “bleeding heart” makes you feel better, go for it.

  5. 43 minutes ago, stevenash said:

    How was the artificial demand created?   Incidentally, 13% unemployment and plummeting home values were a RESULT rather than a CAUSE.  Neither was present when the loans were made.

    Right. Bubbles usually aren’t fully recognized until they burst. 

    When you give loans at zero down with no credit checks, you think demand isn’t going to rise?

  6. 45 minutes ago, LumRaiderFan said:

    Ultimately the buyer is responsible...period.

    If you can’t afford something, don’t buy it.

     

    Too simplistic for macro economic discussion. Makes it easier to let the predators off when you make the “irresponsible buyer”, the “low income idiots” you resent supporting, the straw man. 

    I guess the people who got wiped out by Enron were at fault for buying from a crook. Should have known better. Poor old Ken Lay was victimized by overzealous  prosecutors seeking to demonize the rich.

  7. 1 hour ago, baddog said:

    The separation of kids from parents illegally entering our country is that the parents are actually under arrest. Same reasons that juveniles are not imprisoned with adults in our state and federal prisons. Grow up. Put your thinking cap on.

    CPS has procedures to reunite after resolution. Apparently INS does not. 

  8. 1 hour ago, stevenash said:

    Instead of coming up with a third article/author to bolster my viewpoint, PLEASE answer the question I have asked you multiple times to which you have NEVER responded.   It is very very SIMPLE( and it appears you do not want to ruin your narrative with a response)  None of this would have come about if so many mortgages had gone into default.  Who/what caused the borrowers not to pay their mortgages as agreed?

    Ultimately the buyer is responsible, and their credit rating takes the hit. But, 13% unemployment and plummeting home values because of artificially created demand put buyers in positions that help mitigate the judgement of them as being merely fiscally irresponsible. 

  9. 4 minutes ago, Ty Cobb said:

    Everyone that breaks the law and gets detained will be separated from their children/family.  I have a family member who recently went to jail for DUI.  She was separated from her child while she was in jail.  Should we have complained because she broke the law and went to jail?  Should we complain because she was separated from her family?   

     

    Again, she most likely knew where her children were, and knew how to find them when she got out.

  10. 14 hours ago, LumRaiderFan said:

    No, I didn't.

    You posted a lame article rather than answering Nash's ACCURATE post about the cause of the housing crisis.

    Do you dispute the cause of the crash as posted and if so, give us your reasons with links.

     

    No, you didn’t get my point. American Enterprise Institute is biased to the right, American Progress to the left. My guess is that the answer is somewhere in the middle. That’s the point of representative democracy. Competing ideas are aired in public and debate and compromise create policy reflected in laws. Ugly names and insults are not conducive to progress in this form of governance.

  11. On 1/18/2019 at 11:03 AM, Tigers2010 said:

    I recently asked my friend's little girl what she wanted to be when she grows up. She said she wanted to be the President. Both of her parents, Liberal Democrats, were standing there, so I asked her. "If you were President, what would be the first thing you would do?"

    She replied, "i'd give food and houses to all the homeless people".

    Her parents beamed with pride.

    "Wow....what a worthy goal," I told her. "But you don't have to wait until you're President to do that. You can come over to my house and mow the lawn, pull weeds, and sweep my yard, and i'll pay you $50. Then I will take you to the grocery store where the homeless guy hangs out, and you can give him the $50 to use towards food and new house".

    She thought that over a few seconds, the she looked me straight in the eye and asked, "Why doesn't the homeless guy come over and do the work and you just pay him $50?"

    I said, "Welcome to the Republican Party."

    Maybe the homeless guy is suffering from mental illness and can’t perform sequential tasks. Maybe a lack of access to basic medical care has diminished his physical abilities. I don’t like it when political rhetoric utilizes straw men to make its point. Homelessness in our country is a far more complex issue than that catchy little story illustrates.

  12. 17 hours ago, stevenash said:

    Peter Wallison ( author of Hidden in Plain sight) holds the Arthur F. Burns Chair in Financial Policy and is co-director of the American Enterprise Institute's program  on Financial Policy Studies.  From June 81 to Jan 85, he was General Counsel of the United States Treasury Dept.  where he had a significant role in developing the Reagan administration's proposals for deregulating financial services.   In 86-87, he was White House counsel to the President.  He testifies frequently before congressional committees and is a frequent contributor to the op-ed pages of the Wall St. Journal and other publications.  He was a member of the congressionally authorized Financial Crisis Inquiry Commission from 2009-2011 and dissented from the Commission's 2011 report.     I am going to quote him from the preface of his book,  "Hidden In Plain Sight",  which was published in the last couple of years.

     

    " The data and argument in this book support the  position that the financial crisis was caused by government's housing policies--particularly the affordable housing goals IMPOSED on the two government-sponsored enterprises( Fannie Mae and Freddie Mac)   The goals REQUIRED those entities to meet a quota ESTABLISHED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT for each year.  ( in the book, a chart shows the increase in the goals between 96 and 2008)   The increases in the goals FORCED the GSEs(fannie and Freddie) which were the DOMINANT  players in the housing finance market to reduce their mortgage underwriting standards.  This reduced underwriting standards THROUGHOUT the mortgage market.   By 2008, more than half of all mortgages in the U.S.-31 ,million loans- were subprime or otherwise risky: of these 76% were on the books of government agencies, primarily Fannie and Freddie.  These numbers showed, beyond question, that the government CREATED THE DEMAND for these loans.  When mortgages began to default in unprecedented numbers in 2007, financial firms were seriously weakened, bring on the financial crisis."

    This is the hidden content, please

     

    Here’s another point of view. I don’t buy the tripe peddled by Koch Brothers (AEI main backers) any more than you do Soros.

  13. 3 minutes ago, UT alum said:

     

    First question: I think he was acquitted. No policy is going to keep all the bad ones out. I’m wondering if there’s anything we can do as a nation to make it more difficult for these bad actors to obtain firearms. Think a universal check might catch some? If your answer is that “when guns are outlawed only outlaws will have guns”, I reply that that theory has wound up putting far too many guns on the street for illegal purchase. I support the second amendment, by the way, just not the NRA’s interpretation.

    Second question, comportment.  Look at how Clarence Thomas comported himself during the Anita Hill hearings. He acted like a man of even temper who could take criticism and keep a calm demeanor. Kavanaugh looked like a frat club officer insulted that anyone would question him or the brotherhood. His arrogance disqualified him in my opinion.

     

    4 minutes ago, UT alum said:

     

     

  14. On 1/18/2019 at 4:45 PM, stevenash said:

    First quesrionI will respectfully retract my allegation regarding spelling.   Please answer this question for me since you brought up daughters.  Kate Steinle could have been my daughter and there was absolutely no doubt about how she died.  Did anything come of that?

    Would also like your opinion on something.  Let"s assume, for the moment, that in his teens, Judge Kavanaugh DID do some of what was alleged?   How many people do you know that, without a doubt, did not do something similar as a youngster?  I never had a beer in high school or college ( and cant think of anyone I knew who could make a similar claim)  Would that make me , somehow, better qualified for a job/position than some of my friends who did?

     

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