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Posted by Gunnar Emilsson (+9025) 2 months ago
Is he totally whacko, or what?
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Posted by David Schott (+10317) 2 months ago
Reply to Gunnar Emilsson (#371677)
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Posted by Mary Catherine Dunphy (+1130) 2 months ago
One definition of insanity is doing the same thing over and over again and expecting different results.

Well, today President Trump did something I think is insane, especially when one considers what happened in the past when the the financial industry was either not regulated or deregulated. (One example of what can happen in a deregulated financial industry is the financial crisis that caused the Great Recession of 2008). Do you remember how many Americans lost their homes when they were sold bad mortgages by the deregulated banks and financial institutions? According to the National Center of Policy Analysis, "As many as 10 million families lost their homes to foreclosure during the housing crisis. As a result, nearly all of them had to move."

http://www.ncpa.org/sub/d...e_ID=25643

The following article details more effects of the Great Recession of 2008.

http://www.ipr.northweste...inion.html

However, in the insane spirit of doing the same thing over again and expecting different results, today President Trump "ordered his Treasury Department on Friday to review measures put in place by the Obama administration, setting the stage for a rollback of regulations that were intended to curtail corporate tax evasion and prevent another financial crisis."

https://www.nytimes.com/2....html?_r=0

Oh boy, how insane is that? I have a feeling it is only a matter of time before we are in another financial crisis. Stay tuned.

Read more at:

https://en.wikipedia.org/..._Recession
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Posted by Mary Catherine Dunphy (+1130) 2 months ago
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+1
Posted by The man from snowy plains (-96) 2 months ago
No doubt, Obama walked into a major financial nightmare. Agreed. A person could get 20% above appraisal. Common sense should throw a flag. Yes big banks were playing games. But it sure brought in an era of very low interest. Almost free money. Turned out to be a great time too buy in. Oh but don't go for a 30 year note. Pay it off. But then your only a researcher, how would you know. Funny thing,Interest is on the rise now. Who are we going to blame for this adjustment?
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Posted by Gunnar Emilsson (+9025) 2 months ago
What is your point?
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Posted by The man from snowy plains (-96) 2 months ago
Thanks to Obama, Interest rates on the rise, perfect storm or perfect timeing.(POST OBAMA) I suggest the latter, My own OPERATING RANCH LOAN Interest is based on LIBOR rates. Hence no expansion or spending. NET PROFITS GO TO PAYOFFS.
However I believe TRUMP is too smart to let that happen for long.
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Posted by Hal Neumann (+7856) 2 months ago
It’s been a long, tiresome day - that’s likely why this made me chuckle.

“Donald Trump Has Made Socialism Cool Again”
--Tim Murphy
MOTHER JONES
MAY/JUNE 2017 ISSUE
http://www.motherjones.co...picks=true



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Posted by The man from snowy plains (-96) 2 months ago
Hey so much for the WHY DON'T WE JUST GET DRUNK AND SCREW..or GET OFF MY CLOUD. Great tunes, great times..but the Millenial didn't get the memo. Oh that could be LSD IN gene pool. Really fun read.
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Posted by Gunnar Emilsson (+9025) 2 months ago
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+2