Recent content by sickmint79

i don't know what inflation/deflation looked like in those periods, this is not a simple read of below or above the x-axis on a chart. it doesn't seem like there were a lot of bailouts of any kind back then? here is the page i plucked the recessions from, you can explore more at the footnotes...

guy on fbk posted this in regards to someone's comment on jackson ending the 2nd central bank and paying off our debt. "Jackson was a fool whose actions disbanding the central bank and paying off the debt caused the deepest recession ever and the debt increased ten times what it was before he...

np they work well! i am a car guy and didn't want anything sticky on my paint.

just paypal me the money, or shoot me a note with what you want and i'll send you a paypal invoice - [email protected]

much more ready to go !

no, they used to be on the federal budget, and then they became public companies. they had their own money when they went public and investors were able to give them more by buying their stock. this money would be used to buy mortgages, package them, and sell them to get more money. they do...

no, they take the loans off the books of the banks so that the banks can continue lending. this does not mean the integrity of the loans are good or bad. fannie also has criteria that must be met for them to take a loan. no, they have nothing to do with monetary policy or the federal...

hey you're learning! they do more than pick up high risk mortgages. the ones they do pick up are called non-conforming. see the credit rating? see how they are performing? see how they are performing against the real subprime mess, that is new and has not been around since 1968? the...

after many roll eyes towards me, we've found that you think 1. that investors believed the implied government backing on FNE/FRE products also magically extended to countrywide, citigroup and goldman sachs products 2. that all mortgage backed securities are bad 3. that fannie/freddie only...

you have entirely no idea what you are talking about. The Federal National Mortgage Association (FNMA; OTCBB: FNMA), commonly known as Fannie Mae, was founded in 1938 during the Great Depression as part of the New Deal. It is a government-sponsored enterprise (GSE), though it has been a...

got it, i understand your theory now! so investors who thought the implicit government guarantee for fannie/freddie products... :rolleyes: :rolleyes: :rolleyes: also thought that guarantee was on the products of countrywide, citigroup, bank of america, goldman sachs. :rolleyes: :rolleyes...

is that why you use the roll eyes and call me clueless? hmm. no, fannie was founded in 1938 and freddie in 1968. no, fannie and freddie are no conduit for monetary policy, which is set by the federal reserve and influence banks. no, fannie and freddie don't lend money, banks do. banks...

i've seen the video dude, i know all about peter. look here is me chilling with my brotatos. unlike you though i'm able to use my own critical thinking abilities and not be an ideologue. i am "clueless" yet you are saying things that don't even make any sense. no one did things to hand...

i could do without the rolley eyes, especially when the actual facts and data do not support your narrative. i highly recommend the book bailout nation by barry ritholtz. as stated: fannie and freddie didn't make ultra low monetary policy (federal reserve) fannie and freddie didn't use the...

what does needing a bailout have to do with creating the bubble? literally nothing. FNM/FRE were holding a bunch of shit paper. their debt was implied as good as treasuries and was vastly held (china had a ton) so we either had to bail them out, or stick it to china on the tune of hundreds of...