Why Does Anyone Really Want to Vote Republican Anymore?

The 2010 Election Brought Talk of War, Anger and More Ponzi Lending by Banksters

I have gone on record opposing both Democrats and Republicans in their mutual facilitation of financial industry attack on mainstreet USA with ponzi doomed-to-fail loans in the financial crisis. These parties rolled over and let the banksters take over. I view both parties as being culpable in this attack and I believe history will stand behind my analysis.

I even stayed home because I could not bring myself to vote for Harry Reid after he tried to push through a national robo signing piece-of-crap legislation and the Democrats let the giant squid, Goldman Sachs, off the hook. But I couldn't vote for Angle who made reference to winning government by exercising her second amendment remedies as a cure for the Harry Reid problems, whatever that means. And she told a mixed audience that the Hispanics in her anti immigration commercial look Asian. She was just a freak. A warm body could have beaten Reid. But not Angle.

However, by degree, the war party is the Republican Party. We have Sarah Palin and her followers, and even mainstream Republicans talking about war and macho and the like continually. There are exceptions, like Ron Paul and Pat Buchanan, but these slow-to-war Republicans, who are the traditional conservatives, make up only a small part of the party. When Republicans get together for debate it is all about a frenzy to see who can talk up war more than the other guy. It is a disgusting and sickening process to watch, and Mitt or Mutt or whatever his name is is just as bad as Palin and Cheney when it comes to the desire for continual war.

I have written extensively about the new financial world order. I believe it is a massive threat to both world peace and the solvency of mainstreet and our citizens. The new order is touted as being a solution to the dangerous instability of national sovereignty. But in reality it is nothing but a financial rip off of citizens everywhere to make big banksters more wealthy. Both parties had their hand in this very lucrative but hurtful ponzi scam so big it made Madoff look like a novice.

I hate what the financial new world order has done to our citizens with ponzi lending and yet you cannot fight it with guns. You have to fight it with financial restraint on the part of households. You have to fight it by not taking out loans, and certainly by not taking out no money down and interest only loans. I have so much disdain for both parties who couldn't even protect Americans from credit card usury that it makes me sick what they are letting our financial robber barons get away with.

But whatever attempt that the Democrats made to deleverage Wall Street was basically ignored by the 2010 incoming Republicans who want to blow some bubble and let the banks make massive bets at the peril of rank and file citizens. This betting drives up the cost of gas, food, and easy money loans drive the price up of whatever you can buy with the easy money loans. Crony capitalism is not the free market capitalism that Larry Kudlow lies about daily on CNBC. And now, Paul Volcker, who crafted the Volcker Rule to stop massive bank leverage and ponzi easy money loans from resurfacing and hurting mainstreet has now been dropped from the Obama team because of pressure appied to Obama from Republicans.

I think that the Republicans have proved that they are unworthy of our votes. And banksters have proven they are unworthy of our business.

Banks and Republicans Hate the Volcker Rule that Will Rein in Speculation!

Five Good Reasons For Not Voting Republican Anymore

Reasons for not voting Republican anymore:

1. The Likelihood of WW3 increases with Republican war talk. Here is my new ebook discussing this, False Flag Murdering Neocon Crazies on Amazon.

2. Securitization of mortgages will likely be abused again with a bubble of toxic easy money lending to grow the economy instead of savings and investment. That always hurts mainstreet. Volcker being booted because of Republican pressure in the 2010 election will drive policy towards a bubble. And the new bubble is driving by Wall Street cash purchases.

4. Sarah Palin and Sharon Angle as well as others have upped the tension in political races with reference to second amendment solutions, targets, reloading and crosshairs. While these women are on the outs, other crazies come along to take their place. Republican speech, while being constitutionally protected as it should be, is irresponsible.

5. Neocons have taken over the Republican Party and true conservatives like Pat Buchanan have been marginalized. Pat Buchanan has warned against the Neocons. and so has Ron Paul, although his son, Rand Paul, could be a closet neocon.

Disclaimer: I oppose racist and ethnic arguments against all political groups. I do believe, as a descendent of a Jewish father (I have been adopted), that it is possible to support freedom of religion without always supporting the political actions of nations including the US, Israel, Russia and Opec nations regarding foreign policy.



Neocons Campaign on Lower Taxes, Then Allow Banksters to Skim Duty From Mainsteet

The Republicans, with the Democrats helping, get elected on a platform of lower taxes. Then they allow their crony banksters to offer liar loans, drive the price of housing up, and collect taxes and fees. This is not trickle down. This is hitting the average Joe with a sledgehammer he never expected. They are bold in attacking mainstreet with their securitization schemes, and that is dangerous, both to our national security and to our economic security.

The First Death Panel Is the Republican-No-Transplant Panel in Arizona

It is amazing that the state of Arizona can't come up with a measly million bucks to fund the transplant program in the state. But Republican governor Jan Brewer, has established a death panel, a panel to do away with transplants. Even the granddaughter of a president, FDR, is threatened by this panel. This is another great reason to avoid voting for Republicans ever again. Two victims of Governor Brewer have died and 100 more could die. Here is a website that supposedly will get donations to those who need transplants: Arizona98.com.

The great granddaughter of FDR apparently needs help in the future for heart failure and her mother, a favorite of Eleanor Roosevelt, is outraged that her 28 year old child may be denied help.

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Comments 70 comments

eovery profile image

eovery 5 years ago from MIddle of the Boondocks of Iowa

The trouble is that the republicans are the only thing standing between the democrats and their socialistic/communistic agenda.

Why don't you get on the democrats/socialists/communists? Also the democrats, i.e. Dodd and Bawney Fwank is a head of the the banking industry. Why don't you ripe them a new one, instead of the republicans all of the time. You are acting very left for being an independent.

And your arguement on Palin and the Arizone is way off base. The boy followed the democrats and Gifford, then he had a falling out with them. Get the facts straight and quit blaming Palin like all of the left. You say you are not left, but you are acting like one.

Keep on hubbing!


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

No you are wrong Eovery. Both parties are for banksterism and it is not communistic, but is, as Ron Paul says, corporatism. That is close to if not fascism. The John Birchers say it is communism because they hate Russia and the father of the Koch Tea Party brothers was a co founder of the John Birch Society. You need to study more Eovery.

The gun was purchased right after the election in November, and the rhetoric of shooting was big in Arizona in that election.

You saw the Republican debate about war right? The Republicans want a new empire. That is fact. You should read the Pat Buchanan article Eovery.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author


Nan 5 years ago

I agree with your article. When Bush came into office there was a surplus of money, and he managed to start 2 wars and get us into trillions of dollars of debt. He never cared about middle class Americans, and now we have been wiped out, only poor Americans, have replaced the middle class. We need to wake up and see the light. I like Pres. Obama, but he didn't have any war experience, nor corporate giants experience. Behind closed doors we all know that the rich are only concerned with their profits and money. Our giant companys are dependent on the profits of war. They don't care about a few Americans being killed. We need to come home and mind our own country!


Brenda Durham 5 years ago

The Republican Party should stand. And those Officials who do not stand on the Party Platform should be ousted. It's that simple.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

No party has done more damage to the constitution of the United States than have the Neocons. Until the Republican Party puts the Neocons in the closet we can't vote for them. Few Republicans repudiate the Neocons.

That doesn't mean the Neocons don't have power in the Democratic Party but at least others are fighting that.


ChuckHuckaby profile image

ChuckHuckaby 5 years ago from USA

You asked if anyone "Wanted" to vote Republican anymore... my answer is no. But given the alternatives the Democrats put forward I definitely don't want to vote for them either.

Pat Buchanan was/is one of the last who opposed the "neocons"... many of the rest are or don't have a clue.


justom profile image

justom 5 years ago from 41042

I agree with you, they're all responsible. I tried to watch Ohio's newly elected thief Kasich's speech today and my friend John and I just looked at each other and shrugged our shoulders. It was one of the best comedy routines I've ever seen, he had to write it himself. I don't understand why folks would knowingly vote for a guy that openly laughed about ripping off the system. (He was a Goldman Sachs guy). Good hub, Peace!! Tom


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Actually Kasich worked for Lehman Brothers. I can't believe Ohio!


justom profile image

justom 5 years ago from 41042

Actually it was Goldman, it's Lehman Bros most recently.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

He is really cashing in. I can't believe Ohio fell for his false sincerity.


justom profile image

justom 5 years ago from 41042

I'm sorry to say it's my home state. Now I live across the Ohio River in Kentucky and we've got Rand to deal with. There is a lot of evil stuff going on with Kasich and I'm not sure how any reasonable person could not see it. There's some real crazy stuff about where his own girls attend school. Tom


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Rand Paul disturbed me when he went easy on that sleazeball oil company, BP. He claims he understands the evils of the new financial order and the Fed having learned it from his dad, Ron Paul. But in truth, he comes across so far as being corrupted.


justom profile image

justom 5 years ago from 41042

I totally agree, I think in his case the apple fell waaaay far from the tree.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Yeah, Rand Paul is a huge disappointment.


BobbiRant profile image

BobbiRant 5 years ago from New York

Why caring for our fellow humans is 'socialistic' is far beyond my comprehension unless of course 1) Republicans think torturing of prisoners is ethical 2) starting a world war is ethical 3) cutting off Social Security for older people to just die for the GOP's satisfaction is ethical. I guess I fail to see the reasoning here from Republicans. Great hub.


Micky Dee profile image

Micky Dee 5 years ago

You are EXACTLY RIGHT! Republicans are the grand oil money party and there are NO democrats after the dems get elected. This is America and the America owners are for money and war. It's easy for these guys to write off the youth of this nation for prophet as they ALWAYS do. God bless you for your continued truth!


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Very insightful Bobby. All well said. And Micky, the oil money is still impacting a country weary of war. The last great Republican was Dwight Eisenhower who warned about the evils of an unchecked military industrial complex.


Hello, hello, profile image

Hello, hello, 5 years ago from London, UK

I've got to go back to Evory and ask if he saw the many reports on the Internet about Palin and friends posting a plan of America with 20 Democrats posted wherever tehy live and over the photos were crosshairs of a rifle. When Gaby Gifford was shot, her photo was removed. Apparently it all came from the The Tea Party. That has nothing to do with being left or right but totally and utterly wrong. Palin is know for being trigger-happy but that is ............................... After that she apologized. I'll ask you -- apologized?????????????????


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

If you get the links, hello, post them here.


Jed Fisher profile image

Jed Fisher 5 years ago from Oklahoma

Awesome. I have felt these ideas, that the Republican party is not really the Republican party any more, not at all like the party of Eisenhour. Thanks for putting the facts out there, I understand it better now.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

No this is not the historical Republican Party anymore. And the Democrats are simply less worse of two very evil parties and the way they have allowed the ponzi housing attacks and the way they wage almost endless war. We don't want to wait til 2014 to be out of Afghanistan, a war for a pipeline to Halliburton riches.


larrybo profile image

larrybo 5 years ago from Brookfield WI (USA)

In Wisconsin voting Republican this time around was the only reasonable option. Dave Obey(D) resigned because he could see the writing on the wall, Russ Feingold(D) lost because he didn't think Obamacare went far enough, Scott Walker(R) won the governship by running to reduce spending in a state with a $3 billion structural deficit, and Paul Ryan(R) is one of the few in D.C. who will actually say where he would be willing to cut spending. So yes, I feel good about voting Republican.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Russ Feingold was only one of eight to vote against the repeal of Glass-Steagall. You voted out a political hero. The vote to repeal Glass-Steagall was 90-8. Barbara Boxer was another one who didn't want the ponzi mortgages to ruin mainstreet. She survived.


Glassy profile image

Glassy 5 years ago from Aus

A very interesting Hub bgamall. There really needs to be more guys like you who expose the corruption in the US government. It's just a shame that guys like you don't get a voice when you try to get the message out there.

I knew the troops were in Afghanistan for a reason other then so called terrorism. Somehow in the back of my mind, i knew it was to do with oil.

Im an Australian and it amazes me how the media in the US, manage to manipulate the people to vote against the party that would be best for them by simply using the scary word (Socialism). Actually, I'm in awe of the repeated use of this word and the power that it has over the people. The word is used that much in the US media, that it's almost to the point of brain washing.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Yes, the mainstream media has literally brainwashed a majority of the people and they cannot think past mainstream media talking points.


JON EWALL profile image

JON EWALL 5 years ago from usa

bgamall & COMPANY

Here’s a fact that has been overlooked in this hub.

DEMOCRATS

2007, won majority CONTROL of Congress. The recession started in Dec 2007.

2008, passed ethanol bill ,barrel of oil increases to $90 ,housing problems , food prices increases, banking crisis ( Bush’s fault ),unemployment rises from 4.6% (Jan 2007 ) to 6%, Dems pass Tarp Bill $700 billion to bail out banking industry and recession deepens. Senator Obama votes for Tarp and other Democrat legislation. Note that Tarp banking bailouts have been paid back with interest to treasury

2009 DEMOCRATS WIN PRESIDENCY and super majority control of both the Senate and the House.

Democrats pass $ 725 billion Stimulus bill, today now is $ 852 billion.. President promises unemployment would not go over 8% and shovel ready jobs would be funded. Note, President Obam recently admitted that ‘’ shovel ready jobs ‘’ were not true. Unemployment went to 10%.

2010 Democrats passed a Healthcare Bill (2600 pages ) no debate, no amendments (Republican) allowed ,included in the bill was a takeover of the Student Loan program, Finance bill , passed PAY-GO and quadrupled the national debt of the Bush -Republican administration FROM $9 trillion to $14..2 trillion.

In the Nov election the Republicans won a majority in the house. In the closing of the 110th congress, the Democrats extended the Bush Tax cuts, Don’t as Don’t Tell legislation, extension of unemployment benefits and failed to pass or debate the 2011 budget which started Oct 1,2010.The 2011 projects another $ 1 trillion plus deficit following the 2009 deficit of $ 1.3trillion and 2010 deficit of $1.1 trillion


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

John, easy money from the Fed because of the crash drove oil up.

The recession was inevitable since Bush didn't stop Greenspan and Geithner from blowing a huge private MBS bubble starting in late 2003. I wrote about it on Business Insider: http://www.businessinsider.com/quigley-bis-predict...

Be sure to look at the chart in that article. And I do point out that Clinton was as culpable as Graham was with regard to the repeal of Glass-Steagall.

My point is twofold:

1. The neocons who control the Republican Party want endless war and I can't accept that.

2. The Republicans pressured Paul Volcker out because they want another bubble.

It is clear by the statements of Alan Greenspan that:

1. The ponzi housing bubble was intentional. He said in early 2004 that you could get a "better deal" with an adjustable. Before that, adjustable loans were only given to the wealthy. I write about the lack of underwriting here: http://hubpages.com/hub/Foreclosuregate-for-Dummie...

2. Greenspan said in his book that the Iraq War was mostly about oil and that the oil ministry should be the first thing secured, advice that he gave to George Bush.

The Republicans are guilty of War Crimes. These men were godless, but you and I know that they will answer in a higher court one day.


Glassy profile image

Glassy 5 years ago from Aus

The thing that frustrates me about the 2 wars is, many good men and women of the coalition have lost their lives fighting for what they think is a good cause, but in reality, they are dieing for big companies which profit huge amounts and leave the poor people to pay off the cost of the war, while they roll in the cash.

It's also frustrating that the general population are not informed of this information, so these companies can get away with murder and they will continue to do so, because money talks. Every time someone tries to take any of them to court, a large sum of money will appear under the table and all is forgotten.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

The general public is deceived by well paid shills, Anderson Cooper and all the rest of those pretend journalists. It is sickening.


JON EWALL profile image

JON EWALL 5 years ago from usa

bgamall

It's all about government not doing their job in protecting the taxpayer. Dishonesty,greed,oil speculators and wall street assisted by our elected officials in Washinton getting a piece of the pie.The saddest thing is that nobody is going to jail except for some like the ponzi king Madoff.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Of course it is about government not doing their job. But I believe there is an intimidation factor as well as a greed factor. And I think also that politicians guarantee the military massive support in exchange for looking the other way while multinational banks and central banks abuse the middle class.


Glassy profile image

Glassy 5 years ago from Aus

Very true bgamall, the middle class is being eroded away while the rich get richer. The top 1% want a class of peasants that will nod their heads and do as their told. They want to keep them poor, keep them scared so they can keep them under control and continue to feel good about themselves as they live a lavish life, knowing that everyone else is missing out.


larrybo profile image

larrybo 5 years ago from Brookfield WI (USA)

The middle class is growing by leaps and bounds, but it mostly is happening in China, India, Brazil, etc. This is not a bad thing. The vast majority of people in the already developed countries are living at a standard never before seen in the history of the world. If technology continues to improve productivity of manufacturing and longevity of products, you should hope these countries continue to expand. The only way we will maintain employment here is to greatly expand the pool of potential customers. That means Chinese buying X-ray machines, Indians handling some of our call centers buying mining equipment, and Brazilians researching green fuels and watching the NFL. There is no committee of uber-wealthy that has an all encompassing plan. Just the invisible hand of the market performing as it always has.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Thanks Glassy for the kind words.

Larrybro, perhaps you better read this hub which exposes market manipulation. I suggest that the free market is a myth: http://hubpages.com/money/Proof-the-Stock-Market-i...


larrybo profile image

larrybo 5 years ago from Brookfield WI (USA)

Bgamall, I respect the fact that you have done so much research and have a very deep knowledge of recent events. I will admit you're more versed than I am. Having said that I still don't agree with you. I think you're looking at a relatively short period of time following a huge run up in average standard of living. I also think you're focusing on one aspect of the financial situation, when general indebtness, self indulgence, and a "what is Big Brother going to do for me?" attitude had put us in a bad spot to begin with.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

No, while some engaged in self indulgence, David Lereah was telling people that real estate did not go down, and the banksters, normally concerned with sound underwriting, decided to play the ponzi instead. About the issue of underwriting I hope you would read this that I have on Business Insider: http://www.businessinsider.com/tea-party-rant-and-...

and also this: http://hubpages.com/hub/Ponzi-Housing-Bubble-the-R...


quemacoco profile image

quemacoco 5 years ago

interesting post. don't agree with all your assertions, but like reading your opinion.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Well, thanks Quemacoco. Here is the deal, the bankers ignored all their internal rules to participate in the ponzi, and that is known fact.

So when people say that others were wrong to buy too much house, they fail to understand that the underwriters are responsible for that. And the banks didn't want true underwriting, but rather warm bodies, like the homeless guy who owned 4 properties in Florida.


braudboy profile image

braudboy 5 years ago from Long Beach, MS

bgmall- YOur facts are, well they are not facts. If you do any research on the housing bubble and the banks participation in this, you will find a liberal government that encouraged and even guaranteed the process. Fannie Mae and FREDDIE MAC, were guaranteeing these bad loans to give homeownership to low-income and minority families. The banks were refusing these loans until govt stepped in and guaranteed them. The govt then forced these banks to particpate. It is the liberalism and socialism of the left that you pledge to that is ruining this country.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

No, you are totally wrong. The low income ACORN/CRA made up only 20 percent of the subprime lending. And after late 2003 the CRA/ACORN stopped lending. The Fed shows it on this chart: http://seekingalpha.com/instablog/166473-gary-a/10...

Look at the chart and try to comprehend and realize that Fox News is lying because they are protecting the banks and we can talk. If you cannot comprehend this chart don't come back and post because I will deny you.


Glassy profile image

Glassy 5 years ago from Aus

Ah Fox News, the pro Republican channel of misinformation, brainwashing and spin. They like to call themselves - Fair and Balanced, but that is a blatant lie.

The scary thing about this channel is, they have actually have a huge following.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

They aren't classy, Glassy! Fox is propaganda and talking points. And you cannot learn the truth about virtually anything by following the Fox News channel. Once in a while you can get a kernel of truth from the Fox Biz Channel but not often.


braudboy profile image

braudboy 5 years ago from Long Beach, MS

bgmall-you have lost your mind. Fannie and Freddie are the govt backed high risk loans and they have been and still are booming. THese loans are not just 20% of subprime. Virtually all subprime mortgages are involved.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

You have to look at the chart 4 posts up. The banksters want all loans made guaranteed. But of course you love the banks. That is what Basel 3 is all about, making all loans permanently guaranteed by taxpayers. If you don't get that you are a dunce.

If you look at the chart, you will see that the originators starting in late 2003 were not the CRA banks at all. Most of the loans went to the investment banks and some went to Fannnie and Freddie, but they didn't originate these loans and government chartered CRA banks did not originate these loans. Look at the chart. Most of the loans were originated by shadow banks not part of the CRA. When will you get that through your head? Basel 3 wants to steal from the taxpayer and Faux News wants them too and you are standing by letting them get away with it. Here is a quote from the NY Times: http://www.nytimes.com/2011/01/21/business/21banks...

Read it and weep. The Republicans are touting Wells and BAC and JPM as the good guys. But the article says and proves they are not the good guys. Wake up before your country is stuck with permanent guarantees forever. There are a few Republicans and a few Democrats who oppose this but they have the banks fighting back and threatening the end of the 30 year mortgage if the guarantees aren't permanent. This is Basel 3.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Some Republicans and Democrats support this bill but most are in the hip pockets of the banksters. Here is the plan by a conservative think tank that is better than the bubble Wells and many Republicans want to blow: http://www.aei.org/docLib/HousingFinance.pdf

The banksters want easy money securitization. The plan calls for only prime mortgage securitization with the banksters forced to hold on to subprime. Bubble blowers hate this idea. They will defeat it.


braudboy profile image

braudboy 5 years ago from Long Beach, MS

Banks dont want loans guaranteed.....if they are left alone to make loan decisions. when govt starts manipulating the system, trying to make sure they score political power by securing loans to people who dont qualify....then, yes, banks want some guarantees to participate in this foolishness. Fannie and Freddie were never really originators, they have usually been guarantors.... how do you not know this?


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Did you read the article? Wells Fargo is threatening the 30 year mortgage and holding the threat over the US government. It will buy loans if the government guarantees them. You are an idiot. Of course they want guarantees. Read what Wells Fargo said. Are you capable of thinking man?

Regarding the origination of loans the CRA were originators, and that ACORN/CRA scandal, which was relatively small, masks the shadow bank origination of subprime which came because of too little regulation. Fox News made that bigger than it was because they don't want any bank regulation! Are you retarded?

And of course Fannie and Freddie bought loans. But so did the investment banks. Now the banks want all the loans and they want them guaranteed you dodo.


Neil Sperling profile image

Neil Sperling 5 years ago from Port Dover Ontario Canada

On the backs of the working middle class the giant companies climb.... and on the backs of the working middle class wasteful Governments ride.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Well said Neil.


braudboy profile image

braudboy 5 years ago from Long Beach, MS

You are the idiot. Subprime came into existence BECAUSE of government regulation! You are truly a lame brain. Banks wer never in the business of lending to anyone other than good credit risk. THe do-gooder liberals of the democratic party, trying to score political points among the poor and minorities, pushed legislation and programs designed to give loans to those who DID NOT QUALIFY! The liberalas designed the whole mess! Banks know how to lend money when left alone. The investment banks certainly bought these loan packages.....and why not??? They were guaranteed by the idiot liberal democrats runnig Fannie and Freddie. It all comes down to govt guarantees that should never have been designed in the first place. WAKE UP


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Your language is a pain but I have decided to answer you. Yes, in the beginning, subprime was started by the CRA and government chartered banks. But by mid 2003 if you would look at the damn chart, they pulled out. Without the private MBS that took over, there would have been no continuing bubble. BTW, Tim Geithner took over as NY Fed president from then until the bubble burst and let all these unregulated banks ramp up the bubble. So, he is a Democrat. I can't understand why Fox News would want to lie if they could take down a Democrat. But here is why, they want to deregulate the banks so there can be another bubble, that is why. Read this, Braudboy: http://hubpages.com/politics/Wells-Fargo-Bank-Lead...

It is happening just as I predicted because it is the Basel 3 plan that Rupert wants. And you are being lied to. Wake up.


braudboy profile image

braudboy 5 years ago from Long Beach, MS

The govt has never pulled out of this sub-prime market. Fannie and Freddie are still at it today. You are blind to what liberals in washington have done to our economy and our society. Wells fargo has a sub-prime mortgage division that is guaranteed by Fannie Mae. All they are saying is if the govt wants them to continue this lunacy of lending to unqualified buyers, they want assurances that the loans will be paid. IF govt steps out, Wells Fargo knows better than to continue this madness on their own.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

The government pulled out of the origination of loans for subprime from mid 2003 until almost until the housing market crashed. Look at the chart. Here it is again: http://seekingalpha.com/instablog/166473-gary-a/10...

And you are wrong about Wells. They are threatening the government with the demise of the 30 year mortgage if all loans are not guaranteed. I keep telling you and you don't listen that it is the Basel 3 central bankster plan.


braudboy profile image

braudboy 5 years ago from Long Beach, MS

Do you understand housing loans???? It is not origination that you should be focused on???? Who cares who originated the loans? What you should be asking is who backed or guaranteed the loans. Originators are just where the paperwork and the grunt work happens. It is where people get their loans closed. These companies make their money up front and the loans are packaged and sold off to whoever then services the loans. IT is all done (subprime) under the umbrella of Fannie and Freddie who GUARANTEED THE LOANS!


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Most of the loans were not guaranteed by Fannie and Freddie, and those that were were repurchased by the investment banks and bundled up and sold with lies attached. Now, however, they want all loans guaranteed and they want them guaranteed by your pet banks. I just posted this to business insider: http://www.businessinsider.com/i-know-what-the-nex...


braudboy profile image

braudboy 5 years ago from Long Beach, MS

Most subprime loans were certainly guaranteed by Fannie and Freddie. It is how the whole subprime business got invented. Banks and mortgage companies would never and never had before, considered lending to such risky customers as bad-credit and low-income consumers until the liberals in government got involved with political motivation instead of good business sense. Now, did wall street get carried away with the bundling of these mortgages into investment accounts....certainly, but only after the government had re-invented the housing business. If you are looking for the root cause, it belongs in Washington.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Even Cavuto says you are lying. Between 2004 and 2006 Fannie and Freddie held only 24 percent of subprime loans and those loans were made with tighter underwriting. http://www.mcclatchydc.com/2008/10/12/53802/privat... Even Cavuto acknowledges this.

And they performed better than the unregulated actors in private MBS. http://www.businessweek.com/news/2011-01-26/subpri...

Your position is nothing more than a damn lie.


barranca profile image

barranca 5 years ago

Good Hub. If you want to pursue this line of thought to some of its logical conclusions, start following Chris Hedges on Truthdig.com and the news site Democracynow.org


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Thanks for the links. I have heard of them both.


sir slave profile image

sir slave 5 years ago from Trinity county CA.

great hub and excellent thread.

Ive always voted democratic as the lesser of two evils, or now, just to keep a total right wing nut job outa office! Obama reminds me of a republican hence my hub obama has slid right big time!

but it was the choice between 1 war and three if McCain got in! I wonder who big oil has in mind for the next election to launch their next military business envoy.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Sir slave, your analysis is very accurate. Thanks.


mortimerjackson profile image

mortimerjackson 5 years ago from California

In answer to your hub, yes, people will want to continue to vote Republican. Why? Because the Republican party speaks to a culturally relevant side of America. That being nationalism. I briefly talk about this in a hub I wrote on Future Weapons.

People in America are highly sentimental people. They're afraid that their life is under constant threat, and they are always on the look-out for a phantom enemy. In between promoting gun rights, and handing out military contracts, the Republican Party has been effective at exploiting the fears of the people. We can even look at civil rights, and the subconscious racism that still lingers to this day. Now, it's being directed at brown people. The mantra, that they are taking American jobs.

The fact of the matter is that as destructive as it is, the Republican Party speaks to a side of America that is on the defensive, and self-entitled. And this will never go away.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

The nationalism I support is one where the US lives in peace and with adequate defense. The neocon version of nationalism is empire building and world instability. And besides, they are bankrolled by the banksters who don't give a rats ass about nationalism. I hope you get a chance to read this article, about who is really in charge: http://hubpages.com/politics/Wells-Fargo-Bank-Lead...

In a way, I suppose your are right, but Republican fear mongering is understood by many.


braudboy profile image

braudboy 5 years ago from Long Beach, MS

How is that peace-loving democrat president doing in creating world stability these days? The middle east is burning and people are being slaughtered. Our president encouraged the uprising and is now watching them get killed. Peace, brother.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

Bush supported uprising when Iraq was invaded. That started the whole thing. It was for oil but Bush trumped it as Democracy.

I don't support oil wars. Gaddafi is a criminal and he will kill his people en masse if he isn't stopped.

I suggest the Brits and Americans looked like fools when the release of the Lockerbie planner for oil was exposed.


braudboy profile image

braudboy 5 years ago from Long Beach, MS

You have been duped. Bush was not after Iraq's oil.....if he was, we would own those oil fields now. Saddam Husein was a much bigger criminal than Gaddafi ever thought of being, and yet you still condemn Bush's actions. You are blinded by your political allegience.


bgamall profile image

bgamall 5 years ago from Las Vegas, Nevada Author

You seem to forget that Condi Rice's CEO at Chevron said he wanted Iraq reserves, around 1998. How convenient that Condi became Bush's strategic adviser.

They planned the war before 911. You don't know much and what you do know is wrong.


Sanxuary 3 years ago

I have no idea why anyone gives up their lives to elect these criminals. The fact that not one major Corporation has paid one percent of a 35 percent corporate tax rate in decades should be obvious as to why we are so far in debt. No we are going to cut your hours, pay low wages, offer no benefits, cry about Obama care, destroy the middle class and small business and wonder where the profits went. The last time I checked capitalism only works when people have money. Apparently the liars who claim Obama is a Socialist do not even practice capitalism. I vote lesser evil due to a lack of interest and no true representation, if I bother to vote at all. You are right the war was planned before even 911. In fact I thought I was a psychic and capable of picking lotto numbers. Bush and all his cronies are going to have a special place in Hell. I loved the Africa trip. Doing all those things he never cared about while being in office. Its to bad no one hit him with another shoe with dog crap on it. I love when people pretend to forget all the evil this man committed. I love when they blame Obama for his destruction of America. Imagine if there had been no term limits and this guy had four more years. Term limits are probably the only reason we are not a dictatorship, because you can damn near do anything and get away with it these days. Even funnier is the fact that they thought that they could bring another idiot like him and attempt to get him elected. No plans, in your face I hate the poor and women are second class citizens. Add I am rich and my plan is to make others like me richer after my party destroyed half of your lives. Despite all the lies they tell, snobs and pigs have a hard time trying to not be their selves. We can only hope that they decline even further and continue to be their own worst enemies.


bgamall profile image

bgamall 3 years ago from Las Vegas, Nevada Author

I share your frustration. Thanks for commenting.

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