Get Ready for another Housing crash thanks to Democrats

[Into the Night]

Denial of facts.
argumentum ad ignorantiam

Buzzword fallacies. Trolling.

 

[Into the Night]

WRONG WRONG WRONG.



So Barney Frank was a Conservative?

Contextomy fallacy. Trolling.

 

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When were they weakened prior to 2003? Cite the actual law that weakened them, and show your work.

None of this ambiguous allusions to things you didn't bother to research.

But I'm going to save you some time because I've already done this research, and no such law exists or was passed.

RQAA. Trolling.

 

[Into the Night]

Fallacy fallacy. The fallacy fallacy occurs when the poster simply claims the other person is committing a fallacy in order to avoid addressing the argument and without explaining how the supposed fallacy they are claiming occurred.

RQAA. Mockery. Trolling.

 

[Into the Night]

Fallacy fallacy. The fallacy fallacy occurs when the poster simply claims the other person is committing a fallacy in order to avoid addressing the argument and without explaining how the supposed fallacy they are claiming occurred.

RQAA. Mockery. Trolling.

 

[Into the Night]

Fallacy fallacy. The fallacy fallacy occurs when the poster simply claims the other person is committing a fallacy in order to avoid addressing the argument and without explaining how the supposed fallacy they are claiming occurred.

RQAA. Mockery. Trolling.

 

[Into the Night]

Fuck off idiot!

Living off of welfare is your problem- not mine!

I have been retired for over 3 years now and I draw the maximum Social Security because I paid in the bucks for it and I worked until I got the highest amount possible!

SO GO AND TROLL SOMEONE ELSE ASSHOLE!

Inversion fallacy. It is YOU whining about your pathetic ability to earn money. Trolling.

 

[Into the Night]

Not a pivot because it provides the justification for why you and Bush the Dumber weakened all housing regulation; you wanted a housing bubble in time for the 2004 election that you could credit to the failed tax cuts.

And that's precisely what y'all did when you campaigned in 2004:

Bush Ties Policy to Record Home Ownership
Touting his tax cuts as the economy's savior — and pointing to the strong housing market as proof — Bush said "more people own their own home now than ever." More than 50 percent of minorities owned their own homes in the last three months of 2003 for the first time ever, the president said.
https://www.foxnews.com/story/bush-ties-policy-to-record-home-ownership

So right there, you got Bush the Dumber saying that his tax cuts are responsible for the housing bubble that would pop just 3 years later.

Pivot fallacy. Trolling.

 

[Into the Night]

You mean people who borrowed money for a house that they cannot afford? You mean people who borrowed against equity and bought a boat? You mean people who were tricked into ARMs with no money for a balloon payment?

No. I don't feel sorry for them. I do feel sorry for everyone who had homes with sensible mortgages, but lost employment due to the crash. The Feds aren't set up to loan to individuals, but the money that went to the banks should have gone to homeowners to apply to their mortgages.

The money printed by the Fed shouldn't have gone anywhere. It shouldn't have been printed in the first place.

The banks don't deserve it. The mortgage companies don't deserve it. The idiots taking out loans beyond their ability to pay don't deserve it.

 

[Into the Night]

LMAO! What you're describing is your inability to debate this.

I've actually debated before, and none of the things you call fallacies actually are.

You're just saying they are so you don't have to deal with them because you're lazy, stupid, or both.

Assumption of victory fallacy. Buzzword fallacies. Insult fallacies. Trolling.

 

[Into the Night]

All true, and all caused by Wall St's insatiable appetite for MBDs.

With no market for garbage, none of this would have happened.

We could talk about that 'what if' forever. What matters is what did occur.

And the beginnings of it is occurring again.

 

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You didn't even read the link you posted here. LMAO!

Hallucination. Trolling.

 

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It would be nonsense to someone who doesn't speak English.

Reference to self argument. Trolling.

 

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Can you go and fall on a knife or pair of scissors or something? Please!

Hate speech. Trolling.

 

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The CRA wasn't responsible for the subprime mortgage collapse because the CRA wouldn't permit lenders to make risky loans like those.

The CRA had nothing to do with you and Bush the Dumber dramatically weakening underwriting standards for subprime loans to try and inflate a housing bubble so that the shitty tax cuts didn't look as bad as they truly were.

That's why Bush tied his tax cuts to the housing market when he campaigned in 2004:

Bush Ties Policy to Record Home Ownership
Touting his tax cuts as the economy's savior — and pointing to the strong housing market as proof — Bush said "more people own their own home now than ever." More than 50 percent of minorities owned their own homes in the last three months of 2003 for the first time ever, the president said.
https://www.foxnews.com/story/bush-ties-policy-to-record-home-ownership

The purpose of the CRA was to require banks and mortgage lenders to make risky loans to people that couldn't afford the loan.

 

[Into the Night]

It makes sense because literally nobody could find who owned half of the mortgages that were being foreclosed on. They were traded so many times, it actually gave some homeowners a legal avenue to avoid foreclosure.

It was certainly a mess. This is true. Once a bank failed, it got sold to other banks. A few times of that and no one knows who's loan is who's.

 

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1977-1981, but who cares about accuracy, right?

Yes, Carter was President from 1977-1981, but the subprime mortgage crisis was from 2004-2007.

So...is time not linear now? I know everyone is all about time travel and the multiverse because of Marvel, but none of that is real. It's all make-believe.

Argument of the stone fallacy. Argument by repetition fallacy. Denial of history. Trolling.

 

[Into the Night]

Please stop.

Or at the very least, Google the Community Reinvestment Act.

When you rely on Right wing talking points, it's never a good look

The CRA is just one factor. Similar thinking and laws occurred all the way back to Carter. The CRA is just one of several laws of this sort...and one of the worse ones.

 

[Into the Night]

Subprime mortgages didn't even exist when Carter was President.

They didn't start until the 90's.

We didn't have credit ratings until 1989.

Carter isn't to blame for the 2008 collapse, you and Bush the Dumber are because you were desperate to make your tax cuts look good.

The concept of credit (and ratings for them) started a very long time ago in Europe.
One of the first nation run almost entirely on tick was the Duchy of Burgundy.

 

[Into the Night]

And it would also completely ruin their arguments, so they're never going to do that because the sting of losing an argument on an anonymous forum is debilitating for them.

Assumption of victory fallacy. Trolling.