A community of 30,000 US Transcriptionist serving Medical Transcription Industry
Dow sheds 200 points as bank stocks fall sharply.
Posted: Sep 30, 2016
then she should get the blame for when it's down. The three major indexes hit session lows shortly after Bloomberg reported that approximately 10 hedge funds were reducing their exposure to embattled European bank Deutsche Bank. Deutsche shares fell 8 percent in afternoon trade.;
Wait until ObamaNet kicks in and your "trades" are subject - to approval by some govt halfway
[ In Reply To ..]around the world.
Why not? She should be held responsible for everything. - Barking Pumpkin
[ In Reply To ..]We know the Bush crash was caused by Lehman Bros. and Bear Sterns, so I guess Hillary should be held responsible for a bank IN GERMANY to rattle the markets.
By the way, people say Trump cannot get financing in reputable banks, but finances his projects through payday lenders in Russia.
People who understand the markets know that it reacts to the news of the day as well as systemic dysregulation. Thanks goodness the Democrats have made the US system a bit safer, although it is obvious that the greed runs amok when you see corporate banks such as Wells Fargo creating fake accounts and the constant push from congressional Republicans to deregulate our financial systems back to the "good old Bush days".
Are you sure you want to open that door? Clinton Foundation has - ties to both.
[ In Reply To ..]xx
Memos from the subprime scandal reveal the govt during - the 1990s was the culprit.
[ In Reply To ..]with aggressive enforcement of the Community Reinvestment Act pressured banks to issue riskier mortgages, lending more proof the anti-redlining law fueled the crisis.
A 2012 National Bureau of Economic Research study found "that adherence to that act led to riskier lending by banks," with "a clear pattern of increased defaults for loans made by these banks in quarters around the (CRA) exam, (and) the effects are larger for loans made within CRA tracts," or low-income and minority areas.
To satisfy CRA examiners, Clinton mandated "flexible" lending by large banks. As a result, CRA-approved loans defaulted about 15% more often, the NBER found. Exhibit A in the 7,000-page Clinton Library document dump is a 1999 memo to him from his treasury secretary, Robert Rubin.
"Public disclosure of CRA ratings, together with the changes made by the regulators under your leadership, have significantly contributed to ... financial institutions ... meeting the needs of low- and moderate-income communities and minorities," Rubin gushed. "Since 1993, the number of home mortgage loans to African Americans increased by 58%, to Hispanics by 62% and to low- and moderate-income borrowers by 38%, well above the overall market increase...forcing banks to loan to at risk individuals...
My understanding of economics is excellent, thank you.
THEY KNEW the loans were crap and still gave them - AAA ratings.
[ In Reply To ..]xx
You really need to watch "The Big Short" - Bush presidency 2001-2009
[ In Reply To ..]The crash happened during Bush presidency in 2008--after he had been in office for 7 years, but blame Hillary. Why not?
I saw that movie and like it, but it left out one of the most - important key factors that allowed this
[ In Reply To ..]destructive greed to take place.
Blame the rich, blame Wall Street, but they left out the fact that none of the endless exploitation could have occurred without the government's policy(CRA - Community Reinvestment Act) that started in the 1990s.
Fascinating story but why not tell the entire truth. Why always let the government off the hook. We can't right the wrongs if we don't have all the facts.
This all started in the 1990s, way before Bush was president.
Bush president for 7 long years of deregulation - why not own up to it? nm
[ In Reply To ..]x
To set the record straight, in 2001 Bush and McCain warned about Fannie and Freddie. - but legislation was BLOCKED by Dems.
[ In Reply To ..]https://www.youtube.com/watch?v=LPSDnGMzIdo
Republicans in total control of Congress 2003-2007 - Pubs OWN it. nm
[ In Reply To ..]
I can't fight years of disinformation. I own the truth. - Those who want the truth can
[ In Reply To ..]do their own research.
Obviously you didnt watch the video. - nm
[ In Reply To ..]nm
Mocking reality doesn't change it. The crisis goes back to the - 90's involving Barney Frank.
[ In Reply To ..]nm
You don't know very much about how Congress works. - Senate 51-49, House 222-209
[ In Reply To ..]For instance, in the Senate it takes 60 votes to pass a piece of legislation - not a simple majority of 51. And there are a dozen procedural ways that the minority party can block legislation from even coming out of committee, much less to a floor vote, whether in the House or the Senate.
"Total control" my eye. You need to find a good explanation of the legislative process. I can't undertake it here.
I'm sorry, but liberals together with the mortgage lenders own the banking/housing/derivative disaster. It started in the 1990s with Schumer, Frank and others who insisted that people should be given mortgages regardless of their credit history or their ability to pay, and it went straight downhill from there. Three times the Republicans attempted to put constraints on Fannie May and Freddie Mac, and 3 times they were thwarted.
I know it can be very hard to face up to the failures on our own side of the fence, but if we all can't do that (whichever side we're on) we're really in big trouble.
It started with Clinton - DEMS own it. nm
[ In Reply To ..]
There's a scene in that move where Michael Burry (Christian Bale) - is asked "if the investors withdraw
[ In Reply To ..]what's going to happen and he responds, "The bonds are not going down, they wont move. It's possible that we are in a completely fraudulent system."
Michael Burry knew that his math was right and that the bonds were suppose to go down and they didn't.
This is EXACTLY what is happening in the markets. The entire thing is crooked and the numbers are NOT real. STILL TODAY.
I know someone who works in real estate and she says there's going to be another bubble in about 2 years.
Also something the movie overlooks about 2008 and the bank bailout, is the - low mortgage interest rates. They
[ In Reply To ..]aren’t aimed at subsidizing the housing market. They’re aimed at propping up the value of existing mortgages on those homes just so the securitized mortgage bonds created with them will hold their value. They can still prop up those mortgages even if home sales fall to zero.
Another reason the housing market is maintaining in certain areas is the Chinese spent $300 billion dollars on US property (Reuters).
There is another house of cards coming.
Similar Messages:
EX-IM Bank Since The Export-Import Bank Was Founded In 1934, Congress Has Methodically Renewed Its CMay 15, 2012
Anyone have thoughts on this? Some background on the Ex-IM bank. About Ex-Im Bank:Ex-Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years, Ex-Im Bank has earned for U.S. taxpayers $1.9 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to ...
Obama Administration To Slow Deportations? It's Already Doing So, And SharplySep 11, 2014
Another reason people may believe the president hates America. He doesn't appear to believe in her sovereignty. This is also being reported on FoxNews.com for those who like Faux News. :-) ...
Got Stocks?Oct 19, 2012
I just might finally get that new car next year. ...
US Stocks Move Higher - 3rd Day In A RowNov 04, 2015
The stock market always does better under a Democratic administration. Very nice. My 401k is loving these last few years after the horrible beating it took due to the Iraq war. Not complaining. Those who lost loved ones lost what was important, of course. ...
Stocks Surge And Dow Closes Above 21K For The First Time Ever.Mar 01, 2017
This is what winning looks like. ...
Stocks Dropped Like A Rock This Morning And How The NYSEJul 08, 2015
Not saying what's going on, but the Dow is down as is the Nasdaq but the EURO is up. ...
Al Franken Critizes Tom Price For Holding Tobacco StocksJan 20, 2017
Sen. Johnny Isakson (R., Ga.) came to the defense of Donald Trump’s nominee to head the Department of Health and Human Services, Rep. Tom Price (R., Ga.), during his Wednesday confirmation hearing after Sen. Al Franken (D., Minn.) criticized Price for owning stock in tobacco companies that he also owns. Franken informed Price during the Wednesday hearing that smoking is the leading cause of preventable deaths in the United States, which led Price to note that he lost his father, a lifelong ...
Robert Mueller Stocks Staff With Democrat Donors. Jun 13, 2017
Clinton Foundation lawyer, contributors to Obama, Hillary, and more... sands of dollars over the years to the Democratic Party and Democratic candidates, including former President Barack Obama and President Donald Trump's 2016 opponent, Hillary Clinton. One of the hires, Jeannie Rhee, also worked as a lawyer for the Clinton Foundation and helped persuade a federal judge to block a conservative activist's attempts to force Bill and Hillary Clinton to answer questions under oath a ...
MSNBC Host Berates Democratic Lawmaker Over Soaring Insurance StocksDec 19, 2009
This why I like Dylan Ratigan. He holds everyone's feet to the fire, regardless of whether he/she is Democratic or Republican. The health insurance companies' stock has gone up because they know they won't have any real competition because the government is giving them the huge gift of millions of new customers who have no choice but to purchase insurance from them because the Democrats are catering to a few specific Republican politicians (Mary Landrieu (sp?), Lieberman, S ...
Anyone Bank With INGDirect?Sep 06, 2011
Anyone bank with ING? I have been thinking about opening an account, but since they've been bought by Capital One, I've hesitated... Since the buyout, have you noticed any changes? If you left, where did you go? I'm looking for an online option. ...
Bank Taxes?Jan 16, 2010
Okay..so President Obama wants to start having taxes for the banks because he feels that these banks should pay back us taxpayers because we bailed them out. Now...how smart is that considering that the banks are going to pass those taxes onto us and so basically taxpayers will be paying the taxes of the banks so the banks can pay the taxpayers back. Now does that make a whole heck of a lot of sense!!!!? Sheesh. The only reason we bailed certain banks out anyway is becaus ...
Does Anyone Use Bill Pay Through Their Bank?Feb 16, 2010
I am thinking of using bill pay through my bank and my question specifically is if whether anyone has had a problem with it...any kind of problem...did the check get out late? any problems with delivery or lost checks? I would like to set up my mortgage payment but worry it would get lost in the mail. ...
BANK OF OBAMA!Apr 19, 2010
http://www.bankofobama.org/ ...
Bank QuestionMar 20, 2014
I have a question. I haven't had a bank account in YEARS, because I just use a payroll card and have been quite happy with it. I was finally deciding to save some money though, so went and opened a savings account. I received a letter in the mail saying that my savings account had been debited $71.00 because I owed an old bill with the same bank I had gotten the savings account through. I had a checking account with them back in 2007, but ended up closing my account ...
Had Me Fall Off My ChairApr 22, 2011
\'She is a retried widow\'..when it should have been.... \'She is a retired widow\' ...
Fall GardensAug 02, 2010
Is anyone planting their fall garden and if so, what are you planting? I have a bed dug and tilled, now I am just wondering what to plant. It's my first fall garden. I am in zone 6, first frost about mid-October. My concern is that there will not be enough sunshine. My backyard gets about 6-7 hours in midsummer, with trees and buildings and hills all around. What do you plant now to harvest in falltime? ...
Looks Like The Acorn Does Not Fall FarOct 31, 2013
here is Cruz' father suggesting Obama be sent 'back' to Kenya... Mr. Cruz came here from Cuba,. My president was born in the USA. http://politicalticker.blogs.cnn.com/2013/10/31/ted-cruzs-father-in-2012-send-obama-back-to-kenya/?hpt=hp_t2 ...
Fall In Love Again ...Dec 08, 2013
Fall in love again … with your life and your dream. Take time to appreciate the brilliance, beauty, and magnificence of your own life. Never forget that you are an unrepeatable miracle! Great things are supposed to happen to you and through you. Care for yourself and nurture your vitality, energy and life force. -- Les Brown ...
Now The Dems Are For Bank Regulation?Jan 29, 2010
Back when Bush wanted it done, they were totally against it. I'm posting 2 links for you. The first it the Bill S.190 submitted in 2005 by Charles Hagel with 3 co-sponsors. http://www.govtrack.us/congress/billtext.xpd?bill=s109-190 Then read/listen to these videos (scroll down to the videos): http://www.bucksright.com/bush-proposed-fannie-mae-freddie-mac-supervision-in-2003-1141 ...
Watching The Dominoes Fall.Nov 09, 2009
What a beautiful sight!! I remember that day so fondly back when I was a young pup in college. It's so awesome to watch the Berlin people smiling, giggling and the air full of jubilation! Wonderful celebration! ...
My Husband Is Convinced That It's All Going To Fall ApartMar 02, 2011
He is convinced that our economy is going to collapse and that there is going to be severe social unrest. Last year he wanted to start stockpiling. Now he wants to increase the speed at which we're stockpiling because all of a sudden he thinks we only have until the end of this year. He bought a gun, I guess to protect our stockpile. This morning he said he wants to buy silver so we have some kind of tradeable currency in our "grab and go bags." He also mention ...
Don't Fall For This SCAM That Just Fooled Me!Dec 18, 2010
Was buying a gift last week online... either Amazon or eBay, I forget. An ad for a *free sample* of "Dermitage Advanced Skin Renewal" system comes up, disguised as an offer from the website. "Just pay $3.97 for shipping", and supposedly you get a free trial size of this anti-aging skincare product. So, I bite. I figure, $3.97 isn't much; it'll be fun to try out this product. Dermitage package arrives today. The invoice still says "14-day free tri ...
And The Like Of These Jurors Will Be VOTING Next Fall.Jul 05, 2011
x ...
Polling-he Continues To FallMay 19, 2010
Obama's numbers continue to fall. Approval rating is now -19. http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll ...
Requesting Prayer After A FallMar 13, 2015
I posted a few days ago on the Health Board. I had a very bad fall down icy cement steps last Friday. My ankle was terribly swollen, and I have a bad abrasion on the top of my foot. Later I posted, saying things were looking better. Today the condition seems worse again. The top of my foot is red and very warm. I have been on antibiotics since last Sunday. The wound on the top of my foot was looking much better and beginning to dry out. Now tonight it looks like it may be infected again ...
Moving The DNC From Bank Of America StadiumSep 04, 2012
Weather related or not, where in the world are they going to cram those 65,000+ attendees into the 20,000 seat Time Warner arena? ...
I Dont Know Too Much About The Export-import Bank,Jul 08, 2014
Stossel, and he used the would crapitalism. I guess you could call it corporate welfare. ...
Traveling To Eastern States In The Fall And NeedApr 15, 2015
Am planning a trip in October to several eastern states, cities, Vermont, Maine, Boston, Martha's Vineyard, RI and really need an idea on what the weather might be like then so can hopefully pack appropriately or close to it. Have tried researching some on line but just basically picking up what the weather is now. Any Eastern folks, can you give me a heads up on this? Thanks. ...
This Article About Bank Tellers Hits UncomfortablyDec 06, 2013
Just a few short years ago I made $20+ per hour, now I don't even want to know, probably $12-15 if I am lucky. So it's not just minimum wage McDonald's workers, in this article it is bank tellers, rather similar to us. They need better clothes though, but then again we sometimes need equipment and access to high speed internet which eats into pay. I think years ago companies would have been ashamed to have their employees needing assistance. They try to blame this on President Ob ...
Bank And Corporate Political Contribution HistoryMay 06, 2015
There was some debate below about whether America's biggest bankers supported Republicans or Democrats, so I looked it up myself. The link below is the "Top Organization Contributor" list from the site "opensecrets.org". It is a bipartisan organization that was founded in 1983 by U.S. Sens. Frank Church (D-Idaho) and Hugh Scott (R-Pa.) and publishes its work tracking money in politics in extensive reports; at first via books, now via the internet. I cannot guarantee its legitimacy, ...