a******n
发帖数: 164 | 1 对于07，08房市的大崩盘，很多人认为是布什一手造成的。其实，从历史看，很多的原
因在于民主党，特别是Jimmy Carter 和Bill Clinton。
1. Jimmy之前，银行有一种做法叫做redlining practice，就是对于一些贫穷的
community，他们不会给他们贷款。1977年，Jimmy通过法律，禁止了这种做法。
2. Bill Clinton在1995年更进了一步，这就是Ninja loan，就是不管你有没有income,
jobs or assets，你都可以借钱买房。（2003布什试图取消，但没有成功。）
Bill Clinton通过的Ninja loan的直接后果就是很多没有能力买房，还款的人也加人的
买房的行列，直接导致后面的次贷危机。
refer
http://wrytestuff/swa381497.htm
http://theloudtalker/2011/10/21/epic-failed-years/
http://www.fairloanrate.com/funding-for-zero-down-home-loan-pro |
g******s
发帖数: 3056 | 2 Democratics do not agree. |
r***l
发帖数: 9084 | 3 bush试图阻止烂发贷款，但被民主党杯葛了。。。
2003: President Bush tried to get congress to amend Fannie Mae and Freddie
Mac rules to disallow loans to people who would not qualify under normal
lending institution rules for making loans. In other words, rescind the
Clinton Executive order which had by now become the rules of Freddie Mac and
Fannie Mae. The Democrats in the Senate (48) used the threat of filibuster
to kill the bill (got to have that magic 60 in the Senate to stop a
filibuster). |
P*********0
发帖数: 4321 | 4 bullshit.
how can u force private banks to lend at huge risk?
show me the excerpts.
income,
【在 a******n 的大作中提到】
: 对于07，08房市的大崩盘，很多人认为是布什一手造成的。其实，从历史看，很多的原
: 因在于民主党，特别是Jimmy Carter 和Bill Clinton。
: 1. Jimmy之前，银行有一种做法叫做redlining practice，就是对于一些贫穷的
: community，他们不会给他们贷款。1977年，Jimmy通过法律，禁止了这种做法。
: 2. Bill Clinton在1995年更进了一步，这就是Ninja loan，就是不管你有没有income,
: jobs or assets，你都可以借钱买房。（2003布什试图取消，但没有成功。）
: Bill Clinton通过的Ninja loan的直接后果就是很多没有能力买房，还款的人也加人的
: 买房的行列，直接导致后面的次贷危机。
: refer
: http://wrytestuff/swa381497.htm
|
l****z
发帖数: 29846 | 5 你不lend别人告你歧视阿, 那个疤蟆告citibank的案子不就是例子嘛? citibank还输了.
【在 P*********0 的大作中提到】
: bullshit.
: how can u force private banks to lend at huge risk?
: show me the excerpts.
:
: income,
|
h*****w
发帖数: 8561 | 6 话不能这么说，把小布送进白宫8年还解决不了问题，要他这个总统干吗？同理目前奥
八的问题也可以说是小布留的烂摊子，也可以说是众院的共和党不合作。
当总统总要干点事情，如果自己已经看出来问题，然后还解决不了，那么说明执行能力
有问题，同样也不合格。
income,
【在 a******n 的大作中提到】
: 对于07，08房市的大崩盘，很多人认为是布什一手造成的。其实，从历史看，很多的原
: 因在于民主党，特别是Jimmy Carter 和Bill Clinton。
: 1. Jimmy之前，银行有一种做法叫做redlining practice，就是对于一些贫穷的
: community，他们不会给他们贷款。1977年，Jimmy通过法律，禁止了这种做法。
: 2. Bill Clinton在1995年更进了一步，这就是Ninja loan，就是不管你有没有income,
: jobs or assets，你都可以借钱买房。（2003布什试图取消，但没有成功。）
: Bill Clinton通过的Ninja loan的直接后果就是很多没有能力买房，还款的人也加人的
: 买房的行列，直接导致后面的次贷危机。
: refer
: http://wrytestuff/swa381497.htm
|
a******n
发帖数: 164 | 7 就像你的logo，你可以选择捂住你的眼睛，装做看不见。但这是事实！
【在 P*********0 的大作中提到】
: bullshit.
: how can u force private banks to lend at huge risk?
: show me the excerpts.
:
: income,
|
l****z
发帖数: 29846 | 8 Bush一上来就遇到911, 讲难听点的,这个就是clinton遗留下来的问题.然后Bush 后来
发现问题了,民猪党还要block. 你来说说为什么民猪党要block?
何况现在不是Bush在选吧. 是Romney和烂疤蟆在选,看两个人的历史成绩,选谁其实不是
很清楚嘛?
【在 h*****w 的大作中提到】
: 话不能这么说，把小布送进白宫8年还解决不了问题，要他这个总统干吗？同理目前奥
: 八的问题也可以说是小布留的烂摊子，也可以说是众院的共和党不合作。
: 当总统总要干点事情，如果自己已经看出来问题，然后还解决不了，那么说明执行能力
: 有问题，同样也不合格。
:
: income,
|
D*******o
发帖数: 3229 | |
a******n
发帖数: 164 | 10 让一群不懂经济的共产分子管理国家，真是美国的不幸啊 |
|
|
t******r
发帖数: 8600 | 11 911以后，经济一塌糊涂。当时的政策是用房市来弥补或刺激经济其他方面的不足，或
刺激经济。因此，格林斯潘推出了一系列偏向房市的政策。
这事吧，我觉得克林顿要负最少1/3的责任，小布1/3，宾拉登+格林斯潘1/3.
奥八的问题也可以说是小布留的烂摊子，也可以说是众院的共和党不合作。
力有问题，同样也不合格。
【在 h*****w 的大作中提到】
: 话不能这么说，把小布送进白宫8年还解决不了问题，要他这个总统干吗？同理目前奥
: 八的问题也可以说是小布留的烂摊子，也可以说是众院的共和党不合作。
: 当总统总要干点事情，如果自己已经看出来问题，然后还解决不了，那么说明执行能力
: 有问题，同样也不合格。
:
: income,
|
s****n
发帖数: 612 | 12 fuck, because Fannie Mei and Fredie mac will always take over the loan as
required by the law!
So you tell me why private bank will lend money?
【在 P*********0 的大作中提到】
: bullshit.
: how can u force private banks to lend at huge risk?
: show me the excerpts.
:
: income,
|
P*********0
发帖数: 4321 | 13 你骗谁啊？
大银行雇不起律师啊？
了.
【在 l****z 的大作中提到】
: 你不lend别人告你歧视阿, 那个疤蟆告citibank的案子不就是例子嘛? citibank还输了.
|
P*********0
发帖数: 4321 | 14 u got nothing to show
【在 a******n 的大作中提到】
: 就像你的logo，你可以选择捂住你的眼睛，装做看不见。但这是事实！
|
a******n
发帖数: 164 | 15 是不是所有的liberal 都像你啊，怎么说呢，拿老江一句话： too naive。律师能改变
法律啊？
【在 P*********0 的大作中提到】
: 你骗谁啊？
: 大银行雇不起律师啊？
:
: 了.
|
h*****w
发帖数: 8561 | 16 这个么，911说实在的是肯定会发生的，无法避免，而且未来早晚都会再发生一次甚至
多次，只要美国赖在中东不走，总会培养出类似拉等的敌人出来，这是美国的政策，而
且源于老布什的第一次打伊拉克，不能说是源于克林顿。其实911对小布是利好，让他
打阿富汗和伊拉克落下了口实，不然04年他就得下台。
小布的提案国会过不了，那么至少他得知道怎么妥协或者拉拢对手让其能通过，这就好
比你已经知道这个事情是对的，有几个傻瓜上来拦着你，你就放弃拉倒了。其实总统真
想干的事情基本没有干不成的，关键是怎么个干法，干到什么程度，愿意付出多少代价
。他老爸89年冒天下人唾骂给了中国最惠国待遇，国会两院大批共和党议员都反水，不
也通过了？
对于目前两个人我没偏好，不争论。
【在 l****z 的大作中提到】
: Bush一上来就遇到911, 讲难听点的,这个就是clinton遗留下来的问题.然后Bush 后来
: 发现问题了,民猪党还要block. 你来说说为什么民猪党要block?
: 何况现在不是Bush在选吧. 是Romney和烂疤蟆在选,看两个人的历史成绩,选谁其实不是
: 很清楚嘛?
|
P*********0
发帖数: 4321 | 17 stupid. they can always close off their mortgage branches.
now tell me again, how the government forced private banks to lend at
excessive risk.
some excerpts will do
【在 s****n 的大作中提到】
: fuck, because Fannie Mei and Fredie mac will always take over the loan as
: required by the law!
: So you tell me why private bank will lend money?
|
a******n
发帖数: 164 | 18 有空读一下贴子里的几个link吧
【在 P*********0 的大作中提到】
: u got nothing to show
|
P*********0
发帖数: 4321 | 19 尼玛前两天黄茶袋子们还说奥巴马是小小的COMMUNITY ORGANIZER
一不小心就成了大肥猫都都不了的神仙了。
come one, make a better story please. |
P*********0
发帖数: 4321 | 20 well I asked again & again here, that you show me the excerpts from the law
forcing private banks to lend at excessive risk.
one more chance for you.
can you provide that information?
【在 a******n 的大作中提到】
: 是不是所有的liberal 都像你啊，怎么说呢，拿老江一句话： too naive。律师能改变
: 法律啊？
|
|
|
P*********0
发帖数: 4321 | 21 nope.
need first hand info from the bill.
which section did that.
【在 a******n 的大作中提到】
: 有空读一下贴子里的几个link吧
|
P*********0
发帖数: 4321 | 22 in fact you don't even have to give it to me today.
you can give it to me any day.
I will surrender after that.
nice homework for yellow T-bags.
PM will work. |
t******r
发帖数: 8600 | 23 COMMUNITY ORGANIZER是左棍媒体的褒奖之词。实际上，O8长期找不到工作，只能干些
社区工作。为此，michelle还和他闹离婚。
【在 P*********0 的大作中提到】
: 尼玛前两天黄茶袋子们还说奥巴马是小小的COMMUNITY ORGANIZER
: 一不小心就成了大肥猫都都不了的神仙了。
: come one, make a better story please.
|
P*********0
发帖数: 4321 | 24 don't care.
he screw yellow T-bags well.
that makes me happy.
【在 t******r 的大作中提到】
: COMMUNITY ORGANIZER是左棍媒体的褒奖之词。实际上，O8长期找不到工作，只能干些
: 社区工作。为此，michelle还和他闹离婚。
|
a******n
发帖数: 164 | 25 我发这个贴子只是想澄清一下事实。没有别的意思，Bush不是个好总统，我不否认。但
民主党搞得像是这些问题全是共和党造成的，这根本不符合历史。
再说说911吧，克林顿当政的时候，Bin Laden就制造过几次恐怖事件，Bill Clinton根
本没有当回事，才有了后来的911.
http://www.factcheck.org/2008/01/clinton-passed-on-killing-bin-
【在 h*****w 的大作中提到】
: 这个么，911说实在的是肯定会发生的，无法避免，而且未来早晚都会再发生一次甚至
: 多次，只要美国赖在中东不走，总会培养出类似拉等的敌人出来，这是美国的政策，而
: 且源于老布什的第一次打伊拉克，不能说是源于克林顿。其实911对小布是利好，让他
: 打阿富汗和伊拉克落下了口实，不然04年他就得下台。
: 小布的提案国会过不了，那么至少他得知道怎么妥协或者拉拢对手让其能通过，这就好
: 比你已经知道这个事情是对的，有几个傻瓜上来拦着你，你就放弃拉倒了。其实总统真
: 想干的事情基本没有干不成的，关键是怎么个干法，干到什么程度，愿意付出多少代价
: 。他老爸89年冒天下人唾骂给了中国最惠国待遇，国会两院大批共和党议员都反水，不
: 也通过了？
: 对于目前两个人我没偏好，不争论。
|
l****z
发帖数: 29846 | 26 ９１１当然不是肯定会发生的． 只是之前很多迹象被ｃｌｉｎｔｏｎ他们忽略了而已
． ｃｌｉｎｔｏｎ外交上面很差劲．当初美国护卫舰科尔号在港口被炸已经是一个迹
象了．但是clinton没有真正的去干掉基地组织,只是下令轰炸了恐怖分子在非洲的一个
做炸弹的化肥工厂. 我记得还看到当初ＣＩＡ已经找到笨拉灯，但是ｃｌｉｎｔｏｎ
没有下达干掉他的命令．
那个穆萨维在９１１前就被抓住，那个时候他已经知道９１１的计划，但当时没有严厉
拷问他．所以他没有说．他在监狱里面还买了个收音机听新闻，因为他知道９１１会发
生．所以后来情报人员在911后抓住木虱吝恐怖分子都严厉拷问.
【在 h*****w 的大作中提到】
: 这个么，911说实在的是肯定会发生的，无法避免，而且未来早晚都会再发生一次甚至
: 多次，只要美国赖在中东不走，总会培养出类似拉等的敌人出来，这是美国的政策，而
: 且源于老布什的第一次打伊拉克，不能说是源于克林顿。其实911对小布是利好，让他
: 打阿富汗和伊拉克落下了口实，不然04年他就得下台。
: 小布的提案国会过不了，那么至少他得知道怎么妥协或者拉拢对手让其能通过，这就好
: 比你已经知道这个事情是对的，有几个傻瓜上来拦着你，你就放弃拉倒了。其实总统真
: 想干的事情基本没有干不成的，关键是怎么个干法，干到什么程度，愿意付出多少代价
: 。他老爸89年冒天下人唾骂给了中国最惠国待遇，国会两院大批共和党议员都反水，不
: 也通过了？
: 对于目前两个人我没偏好，不争论。
|
l****z
发帖数: 29846 | 27 呵呵, 正好下面我也发了一个类似的. 911其实就是因为clinton的无能.
【在 a******n 的大作中提到】
: 我发这个贴子只是想澄清一下事实。没有别的意思，Bush不是个好总统，我不否认。但
: 民主党搞得像是这些问题全是共和党造成的，这根本不符合历史。
: 再说说911吧，克林顿当政的时候，Bin Laden就制造过几次恐怖事件，Bill Clinton根
: 本没有当回事，才有了后来的911.
: http://www.factcheck.org/2008/01/clinton-passed-on-killing-bin-
|
b****g
发帖数: 1204 | 28 :而且源于老布什的第一次打伊拉克，不能说是源于克林顿。
无知的democrap，人家说的是克林顿放弃了干掉拉登的多次机会。没有拉登，即使有
911也不会有那么惨烈。
【在 h*****w 的大作中提到】
: 这个么，911说实在的是肯定会发生的，无法避免，而且未来早晚都会再发生一次甚至
: 多次，只要美国赖在中东不走，总会培养出类似拉等的敌人出来，这是美国的政策，而
: 且源于老布什的第一次打伊拉克，不能说是源于克林顿。其实911对小布是利好，让他
: 打阿富汗和伊拉克落下了口实，不然04年他就得下台。
: 小布的提案国会过不了，那么至少他得知道怎么妥协或者拉拢对手让其能通过，这就好
: 比你已经知道这个事情是对的，有几个傻瓜上来拦着你，你就放弃拉倒了。其实总统真
: 想干的事情基本没有干不成的，关键是怎么个干法，干到什么程度，愿意付出多少代价
: 。他老爸89年冒天下人唾骂给了中国最惠国待遇，国会两院大批共和党议员都反水，不
: 也通过了？
: 对于目前两个人我没偏好，不争论。
|
D*******o
发帖数: 3229 | 29 You call others yellow T-bags. Who are you? A black moron?
发信人: Peekaboo100 (Guess what), 信区: USANews
标 题: Re: 07，08房市崩盘的真正原因
发信站: BBS 未名空间站 (Mon Nov 5 15:59:48 2012, 美东)
don't care.
he screw yellow T-bags well.
that makes me happy. |
h*****w
发帖数: 8561 | 30 第一，我既不支持民主党也不是Crap,我也不支持奥八，您给的帽子原封奉还；第二，
如果您想说道理，我陪您说说，您想扣帽子，我也没有无聊到和您对骂。
【在 b****g 的大作中提到】
: :而且源于老布什的第一次打伊拉克，不能说是源于克林顿。
: 无知的democrap，人家说的是克林顿放弃了干掉拉登的多次机会。没有拉登，即使有
: 911也不会有那么惨烈。
|
|
|
d******o
发帖数: 147 | 31 房市泡沫就是政府吹出来的。下面文字源于667页的“The Financial Crisis Inquiry
Report”。如果这还不够专家权威，我就无话可说了。
http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf
page 28 of the PDF file
“Finally, as to the matter of whether government housing policies were a
primary cause of the crisis: for decades, government policy has encouraged
homeownership through a set of incentives, assistance programs, and mandates
. These policies were put in place and promoted by several administrations
and Congresses—indeed, both Presidents Bill Clinton and George W. Bush set
aggressive goals to increase homeownership.”
“As a nation, we set aggressive homeownership goals with the desire to
extend credit to families previously denied access to the financial
markets. Yet the government failed to ensure that the philosophy of
opportunity was being matched by the practical realities on the ground.”
【在 P*********0 的大作中提到】
: bullshit.
: how can u force private banks to lend at huge risk?
: show me the excerpts.
:
: income,
|
h*****w
发帖数: 8561 | 32 克林顿的对外政策是很烂，他除了这些还有很多问题，包括对中国的政策。不过当时美
国在911 前出的那几件事情，真要说服国会花上千亿去打反恐战，也不太现实。只要基
地组织不灭，即使抓住拉等，911也就晚几年（当时安保太差）。
我的意思是911是源于美国的中东政策，特别是在沙特驻军，而且当初美国本土的安保
实在太差劲，我自己一次回国，手提包里放了4大瓶液体也上了飞机。也是因为911以后
成立了国土安全部（这可是每年几百亿的花费），这才好起来，也算因祸得福了。
【在 l****z 的大作中提到】
: ９１１当然不是肯定会发生的． 只是之前很多迹象被ｃｌｉｎｔｏｎ他们忽略了而已
: ． ｃｌｉｎｔｏｎ外交上面很差劲．当初美国护卫舰科尔号在港口被炸已经是一个迹
: 象了．但是clinton没有真正的去干掉基地组织,只是下令轰炸了恐怖分子在非洲的一个
: 做炸弹的化肥工厂. 我记得还看到当初ＣＩＡ已经找到笨拉灯，但是ｃｌｉｎｔｏｎ
: 没有下达干掉他的命令．
: 那个穆萨维在９１１前就被抓住，那个时候他已经知道９１１的计划，但当时没有严厉
: 拷问他．所以他没有说．他在监狱里面还买了个收音机听新闻，因为他知道９１１会发
: 生．所以后来情报人员在911后抓住木虱吝恐怖分子都严厉拷问.
|
P*********0
发帖数: 4321 | 33 给你们点学习资料吧。一些懒虫
http://en.wikipedia.org/wiki/Community_Reinvestment_Act
The Community Reinvestment Act (CRA, Pub.L. 95-128, title VIII of the
Housing and Community Development Act of 1977, 91 Stat. 1147, 12 U.S.C. §
2901 et seq.) is a United States federal law designed to encourage
commercial banks and savings associations to help meet the needs of
borrowers in all segments of their communities, including low- and moderate-
income neighborhoods.[1][2][3] Congress passed the Act in 1977 to reduce
discriminatory credit practices against low-income neighborhoods, a practice
known as redlining.[4][5]
The Act instructs the appropriate federal financial supervisory agencies to
encourage regulated financial institutions to help meet the credit needs of
the local communities in which they are chartered, consistent with safe and
sound operation (Section 802.) To enforce the statute, federal regulatory
agencies examine banking institutions for CRA compliance, and take this
information into consideration when approving applications for new bank
branches or for mergers or acquisitions (Section 804.)[6] |
P*********0
发帖数: 4321 | 34 what?
do you think yellow T-bags are retards now?
【在 D*******o 的大作中提到】
: You call others yellow T-bags. Who are you? A black moron?
: 发信人: Peekaboo100 (Guess what), 信区: USANews
: 标 题: Re: 07，08房市崩盘的真正原因
: 发信站: BBS 未名空间站 (Mon Nov 5 15:59:48 2012, 美东)
: don't care.
: he screw yellow T-bags well.
: that makes me happy.
|
P*********0
发帖数: 4321 | 35 "The Act instructs the appropriate federal financial supervisory agencies to
encourage regulated financial institutions to help meet the credit needs of
the local communities in which they are chartered, consistent with safe and
sound operation (Section 802.)"
===========================
what the fuck? you t-bags don't even understand what "safe and
sound operation (Section 802.)" means? |
P*********0
发帖数: 4321 | 36 Clinton was responsible in signing the "GRAMM-LEACH-BLILEY ACT" into law,
which I
explained on this board long time ago.
No government agency ever forced any banks to lend to people without enough
credit. they will lose on lawsuit because it's private business.
The government is guilty though, in not scrutinizing on banks when they
feasted on sub-prime mortgage, by its name, is risky business.
Inquiry
mandates
set
【在 d******o 的大作中提到】
: 房市泡沫就是政府吹出来的。下面文字源于667页的“The Financial Crisis Inquiry
: Report”。如果这还不够专家权威，我就无话可说了。
: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf
: page 28 of the PDF file
: “Finally, as to the matter of whether government housing policies were a
: primary cause of the crisis: for decades, government policy has encouraged
: homeownership through a set of incentives, assistance programs, and mandates
: . These policies were put in place and promoted by several administrations
: and Congresses—indeed, both Presidents Bill Clinton and George W. Bush set
: aggressive goals to increase homeownership.”
|
a******n
发帖数: 164 | 37 Just wanted to help you gain better understanding. I think the reason why it
says "consistent with safe and sound operation" is because: The practice of
redlining is much safer, but CRA should be still considered as safe.
to
of
and
【在 P*********0 的大作中提到】
: "The Act instructs the appropriate federal financial supervisory agencies to
: encourage regulated financial institutions to help meet the credit needs of
: the local communities in which they are chartered, consistent with safe and
: sound operation (Section 802.)"
: ===========================
: what the fuck? you t-bags don't even understand what "safe and
: sound operation (Section 802.)" means?
|
P*********0
发帖数: 4321 | 38 you cannot do redlining because it's not based personal credit.
you can reject loan applications from anybody as long as they don't have
enough credit (credit score + source of income).
The banks lost their case because they rejected apps from people based on
where they live, not based on credit, and that amounted to discrimination.
it
of
【在 a******n 的大作中提到】
: Just wanted to help you gain better understanding. I think the reason why it
: says "consistent with safe and sound operation" is because: The practice of
: redlining is much safer, but CRA should be still considered as safe.
:
: to
: of
: and
|
P*********0
发帖数: 4321 | 39 come on? still waiting for meaningful argument... |
k**l
发帖数: 2966 | 40 其实我也不懂，但有个逻辑问题应该很简单
现在贷款对收入和credit的check严格多了，如果一直这么严应该不会有这么大的危机。
那么现在这些法律改了么，没改那这些银行都在违法歧视？
income,
【在 a******n 的大作中提到】
: 对于07，08房市的大崩盘，很多人认为是布什一手造成的。其实，从历史看，很多的原
: 因在于民主党，特别是Jimmy Carter 和Bill Clinton。
: 1. Jimmy之前，银行有一种做法叫做redlining practice，就是对于一些贫穷的
: community，他们不会给他们贷款。1977年，Jimmy通过法律，禁止了这种做法。
: 2. Bill Clinton在1995年更进了一步，这就是Ninja loan，就是不管你有没有income,
: jobs or assets，你都可以借钱买房。（2003布什试图取消，但没有成功。）
: Bill Clinton通过的Ninja loan的直接后果就是很多没有能力买房，还款的人也加人的
: 买房的行列，直接导致后面的次贷危机。
: refer
: http://wrytestuff/swa381497.htm
|
|
|
C****n
发帖数: 2324 | 41 OK, I am not an expert on this, but here is my view:
The real reason is "Fannie Mae and Freddie Mac".
When a bank gives out loans, they can securitize the loan to sell to Fannie
or Freddie.
Fannie and Freddie is sponsored by the government. So it means, the bank can
transfer the risk to Freddie.
So why the bank should care how safe the loan is? Just loan to anybody, and
sell it to Freddie.
So let's say the government encouraged the sub-prime loan by provide
gurantee to the banks through Freddie.
And eventually, Freddie also bankrupt, and of course, Freddie is all tax
payer money. We all have to foot the bill of Freddie and Fannie.
Government need to cancel Freddie and Fannie. Let the banks do whatever they
want to do with their own money.
【在 P*********0 的大作中提到】
: you cannot do redlining because it's not based personal credit.
: you can reject loan applications from anybody as long as they don't have
: enough credit (credit score + source of income).
: The banks lost their case because they rejected apps from people based on
: where they live, not based on credit, and that amounted to discrimination.
:
: it
: of
|
a******n
发帖数: 164 | 42 Good explanation!
Fannie
can
and
【在 C****n 的大作中提到】
: OK, I am not an expert on this, but here is my view:
: The real reason is "Fannie Mae and Freddie Mac".
: When a bank gives out loans, they can securitize the loan to sell to Fannie
: or Freddie.
: Fannie and Freddie is sponsored by the government. So it means, the bank can
: transfer the risk to Freddie.
: So why the bank should care how safe the loan is? Just loan to anybody, and
: sell it to Freddie.
: So let's say the government encouraged the sub-prime loan by provide
: gurantee to the banks through Freddie.
|
g***y
发帖数: 1268 | 43 不是法律改了，而是US Attorney 不去按照这个法律sue banks。
法律是死的，执行的人是活的。
Clinton的Attorney General Janet Reno said that “no loan is exempt, no bank
is immune. For those who thumb their nose at us, I promise vigorous
enforcement.”
那个年代的逻辑是所有race申请loan的rejection rate都应该一样，否则就是银行
systematically的种族歧视。然后用这个法律来起诉你。
然后银行都怕了，多一事不如少一事，加上Freddie and Fannie保障。
这就是一手大棒，一手胡萝卜。这两者缺一不可。
机。
【在 k**l 的大作中提到】
: 其实我也不懂，但有个逻辑问题应该很简单
: 现在贷款对收入和credit的check严格多了，如果一直这么严应该不会有这么大的危机。
: 那么现在这些法律改了么，没改那这些银行都在违法歧视？
:
: income,
|
d*****y
发帖数: 1365 | 44 You are wrong.
Banks bundle those subprime loans into derivatives and sold them to
investors like hedge fund and pension fund... That is the root of the
financial crisis.
Fannie
can
and
【在 C****n 的大作中提到】
: OK, I am not an expert on this, but here is my view:
: The real reason is "Fannie Mae and Freddie Mac".
: When a bank gives out loans, they can securitize the loan to sell to Fannie
: or Freddie.
: Fannie and Freddie is sponsored by the government. So it means, the bank can
: transfer the risk to Freddie.
: So why the bank should care how safe the loan is? Just loan to anybody, and
: sell it to Freddie.
: So let's say the government encouraged the sub-prime loan by provide
: gurantee to the banks through Freddie.
|
C****n
发帖数: 2324 | 45 I know. Now you tell me why we have Fannie and Freddie.
Are they telling the bank: "Don't worry. If nobody buy your MBS, I will."
【在 d*****y 的大作中提到】
: You are wrong.
: Banks bundle those subprime loans into derivatives and sold them to
: investors like hedge fund and pension fund... That is the root of the
: financial crisis.
:
: Fannie
: can
: and
|
P*********0
发帖数: 4321 | 46 agreed.so it's no longer a story of community organizer brought the big
banks to their knees.
Fannie
can
and
【在 C****n 的大作中提到】
: OK, I am not an expert on this, but here is my view:
: The real reason is "Fannie Mae and Freddie Mac".
: When a bank gives out loans, they can securitize the loan to sell to Fannie
: or Freddie.
: Fannie and Freddie is sponsored by the government. So it means, the bank can
: transfer the risk to Freddie.
: So why the bank should care how safe the loan is? Just loan to anybody, and
: sell it to Freddie.
: So let's say the government encouraged the sub-prime loan by provide
: gurantee to the banks through Freddie.
|
D******e
发帖数: 1222 | 47 It happens. For example, I worked for a bank in the credit policy and
pricing function for student loan lending. One of the things the bank would
do to meet FDIC is disparate analysis/adjustment. What happened here is
some hispanic/AA schools (i.e. 70%+ total school population) would get lower
bar to get loans and lower rates as well. Banks do this just to avoid
trouble from minority law suits or regulators.
【在 P*********0 的大作中提到】
: bullshit.
: how can u force private banks to lend at huge risk?
: show me the excerpts.
:
: income,
|
a*****e
发帖数: 2503 | 48 It is not a crisis, it is simply a wealth re-distribution.
a few questions for you
1. Are those houses still in US?
yes, then who own them now?
2. Has US lost something compared to other countries?
They bankrupted FNM, FNR, GM......they do not need to pay those debts any
more. Those rich who owns the priority stocks could take their money back,
who lost money?---Mid-class and China
3. If all the houses are still there, if all the big/rich owner of those
companies could take their money back but do not need to pay debt, then why
it is called crisis?
4. Why after the crisis, the top companies/rich people turned to be richer
and have more cash/properties?
5. Why you work harder than before now? Your big corp makes more profits but
still lay off people due to "crisis"?
income,
【在 a******n 的大作中提到】
: 对于07，08房市的大崩盘，很多人认为是布什一手造成的。其实，从历史看，很多的原
: 因在于民主党，特别是Jimmy Carter 和Bill Clinton。
: 1. Jimmy之前，银行有一种做法叫做redlining practice，就是对于一些贫穷的
: community，他们不会给他们贷款。1977年，Jimmy通过法律，禁止了这种做法。
: 2. Bill Clinton在1995年更进了一步，这就是Ninja loan，就是不管你有没有income,
: jobs or assets，你都可以借钱买房。（2003布什试图取消，但没有成功。）
: Bill Clinton通过的Ninja loan的直接后果就是很多没有能力买房，还款的人也加人的
: 买房的行列，直接导致后面的次贷危机。
: refer
: http://wrytestuff/swa381497.htm
|
C****n
发帖数: 2324 | 49 We've been talking about Democrats all along, not particular Obama's fault.
Obama has nothing to do with the financial crisis, of course.
The idea of "the government will take care of you, the government will help
you", irritates me. And we all know it's not gonna work. And somehow
democrats keep promoting this idea:
Don't worry, we got your back!
Come on, man, wake up, nobody got your back. Dems keep fooling nation.
【在 P*********0 的大作中提到】
: agreed.so it's no longer a story of community organizer brought the big
: banks to their knees.
:
: Fannie
: can
: and
|
P*********0
发帖数: 4321 | 50 sorry bro, you need to find the excerpts from law to back it up.
would
lower
【在 D******e 的大作中提到】
: It happens. For example, I worked for a bank in the credit policy and
: pricing function for student loan lending. One of the things the bank would
: do to meet FDIC is disparate analysis/adjustment. What happened here is
: some hispanic/AA schools (i.e. 70%+ total school population) would get lower
: bar to get loans and lower rates as well. Banks do this just to avoid
: trouble from minority law suits or regulators.
|
|
|
C****n
发帖数: 2324 | 51 Buddy, let me tell you something.
A house does worth a half its value if nobody living in it.
The banks own the house now, but the house does not worth its original value
more, and the bank lost money. As a matter of fact, banks has to pay money
to keep up those houses.
And Obama giving away tax payer money to those idiots who managed to
foreclose his house, so they can still stay in the house even they do not
have money.
For the rich/banks, they would prefer to have their "dollar" back instead of
a bunch of houses! Once you give the house to the bank, it almost lost half
its value right there. Do you know why bank will forgive your debt and
encourage you to do a short sale? They want the dollar, not the house.
why
【在 a*****e 的大作中提到】
: It is not a crisis, it is simply a wealth re-distribution.
: a few questions for you
: 1. Are those houses still in US?
: yes, then who own them now?
: 2. Has US lost something compared to other countries?
: They bankrupted FNM, FNR, GM......they do not need to pay those debts any
: more. Those rich who owns the priority stocks could take their money back,
: who lost money?---Mid-class and China
: 3. If all the houses are still there, if all the big/rich owner of those
: companies could take their money back but do not need to pay debt, then why
|
P*********0
发帖数: 4321 | 52 Man, you are off the topic. look up -
"07，08房市崩盘的真正原因"
.
help
【在 C****n 的大作中提到】
: We've been talking about Democrats all along, not particular Obama's fault.
: Obama has nothing to do with the financial crisis, of course.
: The idea of "the government will take care of you, the government will help
: you", irritates me. And we all know it's not gonna work. And somehow
: democrats keep promoting this idea:
: Don't worry, we got your back!
: Come on, man, wake up, nobody got your back. Dems keep fooling nation.
|
D******e
发帖数: 1222 | 53 I'm not here to argue with you or to convince you. Just say something from
my personal experience and let people reading this post to see.
【在 P*********0 的大作中提到】
: sorry bro, you need to find the excerpts from law to back it up.
:
: would
: lower
|
a*****e
发帖数: 2503 | 54 the so called crisis is simply a wealth reditribution because nothing is
physically
destroyed.
the value of anything depends on human's labor
there is no single brick lost from those houses
the so called values are bubble and they should not worth the paper-based
value at all.
the owners make use of the opportunities to cut labor while maintain gross
profits
value
money
of
half
【在 C****n 的大作中提到】
: Buddy, let me tell you something.
: A house does worth a half its value if nobody living in it.
: The banks own the house now, but the house does not worth its original value
: more, and the bank lost money. As a matter of fact, banks has to pay money
: to keep up those houses.
: And Obama giving away tax payer money to those idiots who managed to
: foreclose his house, so they can still stay in the house even they do not
: have money.
: For the rich/banks, they would prefer to have their "dollar" back instead of
: a bunch of houses! Once you give the house to the bank, it almost lost half
|
d*****y
发帖数: 1365 | 55 No. as a matter of fact, as GSEs, Fannie and Freddie wanted to compete with
banks in the subprime market. So they lowered the loan standard to keep up
with the banks, that is the reason they got into the trouble.
I am not denying the role governments played leading up to the crisis. But
it is not the main reason. The main reason is the deregulation, which
destroyed the firewall between the commercial banks and investment banks,
which enabled banks to take excessive risks.
【在 C****n 的大作中提到】
: I know. Now you tell me why we have Fannie and Freddie.
: Are they telling the bank: "Don't worry. If nobody buy your MBS, I will."
|
l****z
发帖数: 29846 | 56 你不懂看看texas就好了, texas没有房产泡沫,一个主要原因就是当地有规定不允许银
行贷超过80%的房款给买房的.买不起就别买.
机。
【在 k**l 的大作中提到】
: 其实我也不懂，但有个逻辑问题应该很简单
: 现在贷款对收入和credit的check严格多了，如果一直这么严应该不会有这么大的危机。
: 那么现在这些法律改了么，没改那这些银行都在违法歧视？
:
: income,
|
C****n
发帖数: 2324 | 57 I agree.
But after the "redistribution", the country's finance is not healthy any
more.
It's like the muscle on your chest and arm moved to your stomach, suddenly,
you are not healthy any more, even you weight the same.
That's why the country is at crisis. It can't move, can't eat, can't survive
itself. Because the "capital" is allocated at the wrong place.
【在 a*****e 的大作中提到】
: the so called crisis is simply a wealth reditribution because nothing is
: physically
: destroyed.
: the value of anything depends on human's labor
: there is no single brick lost from those houses
: the so called values are bubble and they should not worth the paper-based
: value at all.
: the owners make use of the opportunities to cut labor while maintain gross
: profits
:
|
l****z
发帖数: 29846 | 58 他已经说了阿, 这个就是mortgatge backed securities, 但是是subprime的,所以利率
高,这个很多是政府FNMA担保的.银行肯定不做亏损的生意,你强迫他贷款给这些人,银行
肯定要转嫁风险的.
【在 d*****y 的大作中提到】
: You are wrong.
: Banks bundle those subprime loans into derivatives and sold them to
: investors like hedge fund and pension fund... That is the root of the
: financial crisis.
:
: Fannie
: can
: and
|
l****z
发帖数: 29846 | 59 唉,这个他都知道,他故意装不知道而已.
would
lower
【在 D******e 的大作中提到】
: It happens. For example, I worked for a bank in the credit policy and
: pricing function for student loan lending. One of the things the bank would
: do to meet FDIC is disparate analysis/adjustment. What happened here is
: some hispanic/AA schools (i.e. 70%+ total school population) would get lower
: bar to get loans and lower rates as well. Banks do this just to avoid
: trouble from minority law suits or regulators.
|
a*****e
发帖数: 2503 | 60 hehe, US is so called "Capitalism"
they care individual but not the whole body
though the "person", "US" got sick
though the "muscle on the chest and arm", which is "mid-class", lost "weight"
but the rich "stomach" gained weight and they do not need to eat for a while
they do not need to care the so called "whole body" because they can move to
anywhere in the world, or else they will not outsource at all; only the
poor and mid-class are always talking about "god bless america" and care
about the "whole
body"
as I said, it is not a crisis: someone gained; someone lost.
if you are talking about the main body, it should be government regulation,
government like China might do better; however, US GOP will not agree.
think about what R said: south america has similar market capacity as China
and we should move to south america.
But will that help? The jobs will not back to US because the labor in south
america is cheaper than US too. Simply forcing china to strengthen RMB could
only destroy China but will not help US.
It is worse than O frankly admited that "some jobs will never come back".
The
better way is invest more on education and high tech.
Looking back, our grandparents did not know how to write their names while
US great generation sent rockets to the moon; our parents did not go to
college while US counterparts have MS education; now China have more
educated Science/
Engineering/Finance than US;
It is true US is still a leader while the gap shrinked, and should be
narrowed.
Simply blaming China is the simply trying to find excuse and distract the
public attentions.
,
survive
【在 C****n 的大作中提到】
: I agree.
: But after the "redistribution", the country's finance is not healthy any
: more.
: It's like the muscle on your chest and arm moved to your stomach, suddenly,
: you are not healthy any more, even you weight the same.
: That's why the country is at crisis. It can't move, can't eat, can't survive
: itself. Because the "capital" is allocated at the wrong place.
|
|
|
k***n
发帖数: 3158 | 61 I thought Bush wanted that "credit" too
just listen to what Bush talked
income,
【在 a******n 的大作中提到】
: 对于07，08房市的大崩盘，很多人认为是布什一手造成的。其实，从历史看，很多的原
: 因在于民主党，特别是Jimmy Carter 和Bill Clinton。
: 1. Jimmy之前，银行有一种做法叫做redlining practice，就是对于一些贫穷的
: community，他们不会给他们贷款。1977年，Jimmy通过法律，禁止了这种做法。
: 2. Bill Clinton在1995年更进了一步，这就是Ninja loan，就是不管你有没有income,
: jobs or assets，你都可以借钱买房。（2003布什试图取消，但没有成功。）
: Bill Clinton通过的Ninja loan的直接后果就是很多没有能力买房，还款的人也加人的
: 买房的行列，直接导致后面的次贷危机。
: refer
: http://wrytestuff/swa381497.htm
|
C****n
发帖数: 2324 | 62 First of all, I believe blaming China is just a saying to get elected.
Then, depend how you define the health of the body.
I define the body health as: How influential of US in the world.
If you define the body health as everybody has to be comfortable, then we
have a different definition.
Rich got richer or poor get poorer may not be bad.
The financial crisis is the wealth redistribution, that after the crisis,
nobody invest. That your heart stopped popping blood, thus you are dying.
In your body, your heart, your arm, your feet, your brain ..., etc are
responsible for different things, and are treated differently. i.e., your
brain is highly protected, and your feet has to do all the dirty work, even
that means step on the SHIT.
If you demand every part of your body be treated the same, then you won't
have a healthy body.
weight"
while
to
【在 a*****e 的大作中提到】
: hehe, US is so called "Capitalism"
: they care individual but not the whole body
: though the "person", "US" got sick
: though the "muscle on the chest and arm", which is "mid-class", lost "weight"
: but the rich "stomach" gained weight and they do not need to eat for a while
: they do not need to care the so called "whole body" because they can move to
: anywhere in the world, or else they will not outsource at all; only the
: poor and mid-class are always talking about "god bless america" and care
: about the "whole
: body"
|
d*****y
发帖数: 1365 | 63 Dude, I have to say that you do not have basic financial knowledge to
understand what I was saying...
【在 l****z 的大作中提到】
: 他已经说了阿, 这个就是mortgatge backed securities, 但是是subprime的,所以利率
: 高,这个很多是政府FNMA担保的.银行肯定不做亏损的生意,你强迫他贷款给这些人,银行
: 肯定要转嫁风险的.
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