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Old 08-15-2013, 02:47 PM   #21
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Old 08-15-2013, 03:17 PM   #22
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I wouldn't mind 24 years of the record peace & prosperity that Bill Clinton presided over.
We did not have peace during Cinton's time and even he admitted that he got lucky with the IT boom.

However, it was his policy of low standards for loan qualifications that led to the real estate bust.........just saying........
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Old 08-15-2013, 03:19 PM   #23
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I wonder how many more Jesse Jackson Jr's are out there that we don't know about ?
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Old 08-15-2013, 03:21 PM   #24
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Former Democratic rep Jesse Jackson Jr. sentenced

Good!


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Old 08-15-2013, 05:34 PM   #25
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We're biologically ill-equipped to process as much information as we are constantly bombarded with. So we use cognitive dissonance and confirmation bias to feel better about our decisions and stances. It is inevitable that we'd end up like this.
I don't buy that it's inevitable.

If we as a society took a single stupid subject that we waste resources, bandwidth and attention on, like celebrity gossip, and reallocated those energies to something with more potential for social improvement, like demanding better management from our elected leaders, I think we could do a helluva lot better.
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Old 08-15-2013, 05:50 PM   #26
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Re: Former Democratic rep Jesse Jackson Jr. sentenced

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Originally Posted by Raymond42262 View Post
We did not have peace during Cinton's time and even he admitted that he got lucky with the IT boom.

However, it was his policy of low standards for loan qualifications that led to the real estate bust.........just saying........
It was certainly orders if magnitude more peaceful than either the preceding or following GOP administrations.

Yes, perhaps somewhat lucky re: the Tech Boom, but at least that had a far more viable, enduring and productive core to it than the wholly speculative real estate boom that floated the Bush administration, i.e. the IT revolution that undergirds much of our present economy.

Do recall, the last GOP administration is the very same one that touted and promoted the GOP "Ownership Society," based on easing entry and access to home ownership through, you guessed it, lowered standards. Were lowered loan standards so anathema to GOP thinking, why wasn't it tightened in the 8 years after Clinton? Lack of opportunity is not a credible argument.

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Old 08-15-2013, 05:57 PM   #27
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Re: Former Democratic rep Jesse Jackson Jr. sentenced

Oh, and regarding Jackson: crook, send him to the pokey.
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Old 08-15-2013, 06:01 PM   #28
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It was certainly orders if magnitude more peaceful than either the preceding or following GOP administrations.

Yes, perhaps somewhat lucky re: the Tech Boom, but at least that had a far more viable, enduring and productive core to it than the wholly speculative real estate boom that floated the Bush administration, i.e. the IT revolution that undergirds much of our present economy.

Do recall, the last GOP administration is the very same one that touted and promoted the GOP "Ownership Society," based on easing entry and access to home ownership through, you guessed it, lowered standards. Were lowered loan standards so anathema to GOP thinking, why wasn't it tightened in the 8 years after Clinton? Lack of opportunity is not a credible argument.
What's your opinion of Obama's adminstration so far?
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Old 08-15-2013, 09:20 PM   #29
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Do recall, the last GOP administration is the very same one that touted and promoted the GOP "Ownership Society," based on easing entry and access to home ownership through, you guessed it, lowered standards. Were lowered loan standards so anathema to GOP thinking, why wasn't it tightened in the 8 years after Clinton? Lack of opportunity is not a credible argument.
the last GOP administration was as liberal as the current one regarding finances, which explains why nothing has changed. Bush was a big spending liberal when it came to money...which is why so many democrat sponsored bills got passed. Bush was more than happy to work across the aisle, unlike temper tantrum barry.
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Old 08-16-2013, 06:56 AM   #30
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the last GOP administration was as liberal as the current one regarding finances, which explains why nothing has changed. Bush was a big spending liberal when it came to money...which is why so many democrat sponsored bills got passed. Bush was more than happy to work across the aisle, unlike temper tantrum barry.
Yes, it's Obama's fault:

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Old 08-16-2013, 07:14 AM   #31
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that's not even a response to what I wrote, lol you idiot
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Old 08-16-2013, 07:25 AM   #32
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that's not even a response to what I wrote, lol you idiot
Woke up on the wrong side of the bed? Try the left.
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Old 08-16-2013, 02:07 PM   #33
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It was certainly orders if magnitude more peaceful than either the preceding or following GOP administrations.

Yes, perhaps somewhat lucky re: the Tech Boom, but at least that had a far more viable, enduring and productive core to it than the wholly speculative real estate boom that floated the Bush administration, i.e. the IT revolution that undergirds much of our present economy.

Do recall, the last GOP administration is the very same one that touted and promoted the GOP "Ownership Society," based on easing entry and access to home ownership through, you guessed it, lowered standards. Were lowered loan standards so anathema to GOP thinking, why wasn't it tightened in the 8 years after Clinton? Lack of opportunity is not a credible argument.
It was Clinton that lowered the standards for qualification and basically ordered the FHA to approve substandard loans. The housing industry accounts for a substantial percentage of our economy. When it goes, the economy goes and supporting it helped him look good. The real estate bubble busted at the end of 2005.....or at least this is when it began to slow down.

Clinton also repealed the Glass Steagall act, which had been in place since the 1930;'s and many are trying to reinstate it.
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Old 08-16-2013, 02:12 PM   #34
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Clinton also repealed the Glass Steagall act, which had been in place since the 1930;'s and many are trying to reinstate it.
He did not repeal the GS Act. He was POTUS when the Gramm-Leach-Bliley Act passed which removed SOME parts of Glass Steagall. The biggest changes from GLB was removing restrictions that allowed a commercial bank to purchase an insurance company, or a commercial bank to purchase an investment bank, and so on and so forth. Also, Clinton really didn't have much of a choice in this.....it passed both the House and the Senate by a veto-proof majority.

Edit: A better explanation from Wiki:

Quote:
"the repeal of provisions of the Glass-Steagall Act of 1933 by the Gramm-Leach-Bliley Act effectively removed the separation that previously existed between investment banking which issued securities and commercial banks which accepted deposits. The deregulation also removed conflict of interest prohibitions between investment bankers serving as officers of commercial banks."
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Old 08-16-2013, 02:14 PM   #35
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In other news, one of the housewives of New Jersey has been charged with fraud. She and her husband and they are facing 50 years in prison.

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Teresa Giudice and Husband Joe Plead Not Guilty to Fraud


Joe Giudice and Teresa Giudice
Real Housewives of New Jersey star Teresa Giudice and her husband Joe have pleaded not guilty to fraud, The New York Daily News reports.

The Giudices remained silent in the Newark, N.J., federal courthouse on Wednesday while their lawyers entered the plea. "They were relieved they could stand up in court and plead not guilty through their attorneys," Joe Giudice's lawyer, Miles Feinstein, said.


The couple has been charged in a 39-count indictment, which includes conspiracy to commit mail fraud, wire fraud, bank fraud, making false statements on loan applications and bankruptcy fraud. In September 2001, Teresa claimed in a $121,500 mortgage application that she earned $3,750 a month while working for Modern Era Investment Corp. for four years, but according to prosecutors, Teresa was unemployed from January 2001 to 2008.

On Joe's part, prosecutors claim he neglected to file tax returns from 2004 to 2008, during which he supposedly earned almost $1 million and allegedly obtained fraudulent construction loans of approximately $800,000 and $1.7 million.The Italian-born reality star also faces deportation, since he never received his U.S. citizenship. "Joe didn't know he wasn't a citizen," Feinstein said. "The rest of his family is. Had he known and applied for citizenship he certainly would have gotten it."

Though there are rumors Joe might testify against Teresa, Feinstein insists the couple is standing together. "He'll do anything to help Teresa, but he'd never ever testify against her," he said.

If convicted, the couple faces up to 50 years in prison.

http://www.tvguide.com/News/Teresa-G...s=breakingnews
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Old 08-26-2013, 02:33 AM   #36
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Good.
Wow, what a way to treat your son!!!
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Old 09-05-2013, 11:51 AM   #37
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Related news (months old, but I just read it),

This isn't cool.

http://www.opposingviews.com/i/socie...y-plus-pension

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Jesse Jackson Jr. to Recieve $8,700/Month in Disability, plus a pension

Former Congressman Jesse Jackson Jr. is expected to receive $8,700 per month in government disability pay and a $45,000 pension, despite his crimes.

Jackson became eligible for disability pay after claiming to have bipolar disorder, though he had no history of it in his 17 years of service in Congress. Rev. Jesse Jackson, however, defended his son.

“This time a year ago I thought we may have lost him,” Jackson said.

Though his wife is not eligible for a pension, Jackson may receive a partial federal pension, given that he has been a federal employee since 1995. He will receive a partial pension because of pension reform that was passed in 2007, for which he voted in favor of.

The government is now auctioning off some $750,000 worth of items purchased with the Jackson’s campaign money, including a guitar once used by Michael Jackson, a mink cape and a Rolex watch.

There are also 24 items valued at more than $61,000 and 12 items listed at more than $21,000. Some include a Bruce Lee wall hanging and elk heads that hung in the Jackson home.

While the government will make money off auctioned items, it won’t amount to the pension and disability money Jackson will receive.

No date has been set for the Jackson auction.
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Old 09-05-2013, 11:56 AM   #38
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Geez. I hope that $8700/MO is a typo. I didn't think ssdi could be that much.

Edit : it must be a disability insurance policy that was part of his worker benefits (could be contributory or non). SSDI maxes out at $2300/MO.
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Old 09-05-2013, 12:04 PM   #39
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I would hardly call something that incorrect a "typo".
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Old 09-05-2013, 12:06 PM   #40
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I would hardly call something that incorrect a "typo".
Its probably not, but the wording is a bit misleading.
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