Why America Is Becoming More Divided

Good answer, you nailed it!

 

I remember teachers teaching Bush jr that, not Obama

 

"Nothing is free - someone is going to pay with their valuable time. "

you are right... including tax cuts for the rich.. nothing is free

 

Lindsey is running scared. I'd be relatively certain someone has taken him aside and told him unquestioning loyalty to Trump is the price he will have to pay to avoid being "primaried."

 

Well, as an actual expert, I too have read so many books I lost count. I painted the boys at Fannie and Freddie with a broad incriminating brush. But I have my reasons. First if you study actual loan documents, especially from prior to the crash, the two featured names at the bottom happen to be Fannie Mae and Freddie Mac forms. What can the ruler of forms tell us about loans. That they as experts put on the forms to be filled out correctly, all data needed to evaluate loans. But what else does it hint to you? That those two agencies ruled our business. Far more than Government, they flat out ruled our business. But what about appraisals. YES, ruled them too. Appraisers had to swear the appraisals were accurate.

Dodd Frank reminds me of the guillotine as a punishment for stealing bread. Draconian to say the least. And it put thousands of good honest people out of business.

 

Why would you presume Lindsey is scared? I recall the actual loyalty to Obama. Still there are his loyal soldiers working even in agencies supposedly ran by Trump and his people. They are immune from being removed. They are blessed nobody votes for them and the Feds rules protects them. Such as Vindman.

 

Health care can be thought of the same way we think of cars. If we want cars to fall in price, we shun buying them. The dealers then commence massive sales where prices are cut. But when Government is the payer, hell, dealers raise the prices.

 

no kidding

 

With all due respect for your "expertise," it sounds to me as if you may be part of the problem rather than the solution. Appraisers having to swear that the appraisals were accurate? You find that unbearable? An appraisal is a key part of the loan decision. Don't you feel you have a fiduciary responsibility to both the lender and borrower? Seems you believe more in the maxim: "Let the Buyer Beware." To give you the benefit of the doubt, I suspect you are too deep in the woods to see the forest, while knowing particular trees very well. IMO, rather than defending the indefensible, you would better serve your industry in insisting it "clean-up its act."

 

That is nothing. Watch children molded to worship Obama.

 

Geez! You must be from Southern California. Lindsey used to be anti-Putin. Now, via Trump, he's pro-Putin. Lindsey threw-up over Trump's treachery to the Kurds, largely I suspect caused by his mess in Ukraine. Now, Lindsey rushes over to the Senate to block a joint Senate-House Resolution on Turkish genocide of the Armenians, in WW I, because he didn't want Erdogan to be offended while he was in town.

 

Actually, tax cuts for anybody are free. The "rift raft" (sic) may disagree with this as the free chit gets pared down - they will think they are paying for something, but the money wasn't theirs in the first place. And when I speak of the "rift raft", I'm not just speaking of those at the lower end of the economic spectrum.

 

LOGIC FAIL

LOL you liberals dont realize the insane paradox you live in on a daily basis.

Liberal buzzword of the day: delusion

You can call it kissing a** all you want but that still doesnt make it true. It's a term called loyalty to Donald Trump and loyalty to the American people. Loyalty to the truth, much to the chagrin of liberals everywhere.

Because, of course, the democratic party is the party of deception. Most of the elite democrats cannot even comprehend doing business above the level.

 

This happens when I try HARD to reach out to Democrats.

I was the problem? My skill as an appraiser was created in college, in actual experience in Brokering homes for a living. What makes you think that Appraisers stating the appraisal is accurate bugs me? I feel it was quite necessary but not imposed by Dodd Frank. We had those rules for eons. I like how non appraisers explain appraisers to we professional appraisers. Do you also lecture your family doctor on medicine? Do you lecture the airline pilot that carries you as a passenger on how to fly the airplane?

Actually the main party in the appraisal, though the consumer pays for it, is the wholesale lender. That is where the money flows from. They have on staff appraisers as well as underwriters. The Consumer is not particularly interested in the value, other than perhaps praying the value is high enough so he gets the loan. But the actual wholesale lender demands of the appraisers other works done by the appraisers and they then determine if the appraiser is capable or not. So the chain starts at the wholesale level.

You know something wise guy, Say a teacher has sex with her student and he is of course a youth. Do you want the Feds to swoop in and force all teachers to take a hell of a lot more courses at great expense along with adding a brand new federal license to their cost burden? This crap peddled by Democrats that we were the problem angers me. I happen to know of a few street vender mortgage firms that did have lousy management. But a good many or them had very competent professional management. But those were weeded out at the state level with no help by Dodd Frank. Who peeked over our shoulders prior to Dodd Frank? The wholesale lenders did. And they could be really a big trouble to incompetent mortgage firms and staff. We did not need Dodd Frank. So far you have yet to tell me of why Dodd Frank was needed.

https://www.nytimes.com/2018/05/22/...es-dodd-frank-rollback-for-smaller-banks.html

 

BS...this is going to be settled in the Senate and the Courts.

 

Most if not all Democrats also totally ignore than in 2008, it was a Global money crisis rather than a local crises for the USA

 

We have a poster using a gear head who denies he is a Democrat. Says he has long been a Republican. So who is he whipping up on daily? Trump. Nothing of any sort is ever acceptable to Gear head.

 

Because you weren't adequately regulating yourselves and the lack of regulation led to the Great Recession, the worst economic crisis since the Great Depression. That simple enough for you?
And, unless you are a crook yourself, I assume you went along with the "bad guys" because you weren't doing anything wrong yourself.

 

That regulation came from Fannie May and Freddie.

What did Dodd Frank do for the rest of the world? They also had a major recession and some had a depression.

You do not grasp the entire system at all. I have tried to inform you. For a rather odd reason, as the pilot explains the airplane, the scientist explains the experiment, you are stuck on Democratic party propaganda as your source.

I have been a broker in much worse economic conditions. Such as when Carter was president. All that saved me and my career was the then existing FHA loans and VA loans that could be assumed with no credit checks at all.

 

Why would you NOT want a rule that requires you to give an honest appraisal? And, I don't consider Greenspan, Paulson, Bernanke, Norberg, Sowell, Bair, et al to be Democrats. They are/were Republicans. Dodd-Frank is a law for the U.S. markets. But, it could be used as a guideline to future Basel rules. Differences between U.S. rules and European rules, for instance, was one cause of the crisis, in the way mortgage assets were counted as reserve requirements.

 

Idaho tried to ban sleeping in a public place, but got shot down they are still trying to persue it.

 

I have no idea why you asked that question. I never objected to the FIRREA rules at all. Do you comprehend FIRREA?
Would you believe in the vast downgrading in the Dodd Frank law that congress passed and Trump signed into law?

 

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