Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2025 Poal.co

991

(post is archived)

[–] • 2 pts

No they didn't.

The core problem in 2008 was a new deal program that allowed banks to have their loans backed with public money provided they made the loans according to whatever criteria the white house wanted. Clinton wanted cheap loans to people who couldn't pay them back, so around ten years later the loans all started going bad and the housing market crashed.

The lefty media went into overdrive blaming "capitalism," meanwhile the government bailed out the two corporations responsible for overseeing the programs (Fannie Mae and Freddie Mac) and set the whole thing going again.

So yes, there's going to be another housing crash, and a student loan crash because those were being guaranteed too by Obama. Absolutely nothing to do with crooked bookkeeping though. The system is broken by design.

[–] • 1 pt

Bill Clinton forced banks to make bad loans to minorities with the Community Reinvestment Act, and the banks being greedy obliged. He also got rid of The Bank Holding Company Act. Passed in 1956 under President Dwight Eisenhower. It prohibited a bank holding company — a company that owns a bank, either directly or indirectly — headquartered in one state from owning a bank in another state. Effectively, this prevented too big to fail banks from forming.

[–] • 1 pt

He's a Rockefeller, so it makes sense. It's just rich people doing rich people things.

[–] [deleted] • 0 pt

So it's rich people forcefully bending over everyone else and then going in dry.

[–] • 1 pt

^This

Although realistically the "too big to fail" banking system was created under FDR. He created the programs Clinton used to funnel loans into the ghetto, and all the small local banks either got bought up or were outcompeted by big centralised banks whose primary customer was now the federal government.

Back before the great depression the majority of loans were made through small savings and loans banks who had intimate local knowledge of who was safe to lend to and who wasn't. Megabanks couldn't compete in that market because they had no local connections.

[–] • 1 pt

I see all he signs they are trying to destroy the construction housing market by artificially inflating lumber prices and everything else. It's fucing insane. I have 4 properties I'm trying to unload before the crash

[–] • 0 pt

What are they going to do when all that funny-colored paper isn't worth anything?

[–] • 0 pt

Gold,silver & Goodyear tires.

[–] • 0 pt

Rick and Marty has an episode he destroys the intergalactic alien goverment by making a 1 into a zero.. its pretty funny and accurate

[–] • 0 pt (edited )

OP POST TITLE LIED!!!

BLACK LOANS FOR HOMES forced by federal law and state laws to NOT ALLOW ASKING A NIGGER TO PROVE THEY even had a job or any employment, caused LIAR LOANS (also called sub prime loans) to all start ballooning 5 years after signing.

Illegal to ask black men if they had a job!!!!!!

A Trillion dollars of sub-prime nigger loans to unemployed niggers who lived nearly for free for 5.5 years each.

OBAMA even passed the first "lair loan" law in Illinois when he was a communist senator.

OP IS SPREADING JEW LIES! It was a Nigger Problem!

The sub-prime loans eventually were finally priced on market and worth only 11 cents on the dollar ever!

Then the jew banks just wrote off the remaining 11 cents of a trillion dollars of useless gutted torn up nigger homes in niggerfied neighborhoods.

Obama still kept some laws making it a federal crime to ask a nigger to prove he had a job somehwere when applying for a loan!

[–] • 0 pt

So, niggers and jews are the causes of the financial crisis that is emerging. Anyway, time to get rid of my shares, even if some are worth next to nothing.

[–] • 0 pt

Obama also expanded the same programs causing the home loan crisis to student loans. So that crash is coming too.