Guilty on all counts

They control the economy with interest rates and the cost of money. But they are always behind the curve, reactive rather than proactive.
Exactly. It is reactive to the economy, and here is where we go our separate ways. I believe the people drive the economy, and I think that you believe it starts at the top. Good choices in our lives are evident regardless of who is in office.
That’s my humble take.
 
Hopefully that refreshes your memory, if in fact we ever discussed it.
We did indeed. You're exact words were "go ahead, find the republicans..." Again, the Bill had full support from both sides of the isle. Stop blaming the left, the right had just as much to do with it. You can go look at the Senate records yourself. It's all available online, no account needed, or you can keep on blaming everyone else.
 
We did indeed. You're exact words were "go ahead, find the republicans..." Again, the Bill had full support from both sides of the isle. Stop blaming the left, the right had just as much to do with it. You can go look at the Senate records yourself. It's all available online, no account needed, or you can keep on blaming everyone else.
I will say it again. Go find the Republicans. Executive Orders aren't signed by anyone but him.
 
Exactly. It is reactive to the economy, and here is where we go our separate ways. I believe the people drive the economy, and I think that you believe it starts at the top. Good choices in our lives are evident regardless of who is in office.
That’s my humble take.
Have you programmed a PID loop before? Do you understand how to trim Gain.?

The economy works in very similar ways.

I can only explain this to you with my own factual personal business and how severely it is affected by the Federal Reserve AKA known as the Administration.

January 2020, we could do all the cabinetry in an average 2,200 sq ft home new construction for around $11,000.

My top of the line cabinet manufacturer had a 7 week delivery from date of order.

Intersect rates set by the Fed allowed for mortgage rates as low as 2.5%

They remained there long enough for a major housing market boom.

By mid 2022, that same cabinet manufacturer had so much business, his delivery was now 28 weeks from order date and he kept raising his prices every couple of months.

I lost all my average performing cabinet designers, as they wanted massive salary and commission increases, as there was demand for them everywhere. I kept the good ones by paying up to 35% more.

Fast forward to today, the Fed increased rates several times, mortgage rates are up to 8%. Some of my old designers are unemployed, asking for their jobs back.

My cabinet supplier’s lead time is now 6 weeks instead of 28.

Prices have not gone down, the cabinets we could do for an average home at $11,000, in 2020, now costs $27,000.

Supply and demand is a direct result of the cost of money and how much money the Fed prints.

What Biden and the Dems are doing is fooling the uninformed public, who are not financially acute, by telling you how much the economy grew, because you are now spending 27k rather than 11k, for the same thing, and some fools are stupid enough to believe them.
 
I will say it again. Go find the Republicans. Executive Orders aren't signed by anyone but him.
You asked for it, here it is AGAIN...

The Community Reinvestment Act (CRA) originally from the 70's was revised in 1994-1995. The point of the revision was to increase lending to low and moderate income communities.

The CRA was part of a larger bill call "Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994". You can read all about it here...


Here are the voting records from the senate. You might recognize some of your cuntservative friends, many are still around today.


Oh, and here is the original thread link where we discussed this in the past...


That's twice you said go find the republicans involved and that's twice I found them for you.... None of this is executive orders but actually bills in congress supported by both sides of congress.....
 
^^^^^
Sigh…
You asked for it, here it is AGAIN...

The Community Reinvestment Act (CRA) originally from the 70's was revised in 1994-1995. The point of the revision was to increase lending to low and moderate income communities.

The CRA was part of a larger bill call "Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994". You can read all about it here...


Here are the voting records from the senate. You might recognize some of your cuntservative friends, many are still around today.


Oh, and here is the original thread link where we discussed this in the past...


That's twice you said go find the republicans involved and that's twice I found them for you.... None of this is executive orders but actually bills in congress supported by both sides of congress.....
I can’t see this Dude’s posts, on my ignore list.

Here is a tip though, he will drag you down to his level and beat you with the experience at that level. Best to opt out.
 
You asked for it, here it is AGAIN...

The Community Reinvestment Act (CRA) originally from the 70's was revised in 1994-1995. The point of the revision was to increase lending to low and moderate income communities.

The CRA was part of a larger bill call "Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994". You can read all about it here...


Here are the voting records from the senate. You might recognize some of your cuntservative friends, many are still around today.


Oh, and here is the original thread link where we discussed this in the past...


That's twice you said go find the republicans involved and that's twice I found them for you.... None of this is executive orders but actually bills in congress supported by both sides of congress.....
And both times you didn't. The link you bookmarked has nothing to do with the Community Reinvestment Act of 1977. That is the statutory basis Clinton's Executive Orders were rooted in. Perhaps some of those Republicans are still around. But they have nothing to do with Clinton's use of it.

Perhaps it was a busy day and that part was missed. But let's assume this bookmark you still believe is what set the housing crisis in motion. Perhaps you can enlighten me as to how this did that.
 
What Biden and the Dems are doing is fooling the uninformed public, who are not financially acute, by telling you how much the economy grew, because you are now spending 27k rather than 11k, for the same thing, and some fools are stupid enough to believe them.
The reason supplies more than doubled in price is the crux. The pandemic threw supply and demand into chaos. Still hasn’t recovered, partly because suppliers fell in love with the new prices.
Our philosophies don’t align but we both think in the same general patterns. Your business experience is way beyond mine so you’ve seen the symptoms in better detail.
Sometimes, detail confuses and leads us away from a clear overall picture.
 
The reason supplies more than doubled in price is the crux. The pandemic threw supply and demand into chaos. Still hasn’t recovered, partly because suppliers fell in love with the new prices.
Our philosophies don’t align but we both think in the same general patterns. Your business experience is way beyond mine so you’ve seen the symptoms in better detail.
Sometimes, detail confuses and leads us away from a clear overall picture.
I’m active in the stock market, been since 1997.
Draw a monthly curve of the $SPX on the same axes as the Fed rate, and see how it totally contradicts your belief.

Sigh, I need to get out of these threads and get back to talking about motorcycles.
 
And both times you didn't. The link you bookmarked has nothing to do with the Community Reinvestment Act of 1977.
Yes it does, slow down and read more. The CRA was revised, to increase lending in low to moderate communities, those revisions are part of the "Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994" which is what the description and voting links are for.

For fuuuukkks sake if you can't read I can't help you with that part.....so twice I have and twice you dance around facts you really are a far right winger...I mean like crazy hard core arn't you?
 
Yes it does, slow down and read more. The CRA was revised, to increase lending in low to moderate communities, those revisions are part of the "Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994" which is what the description and voting links are for.

For fuuuukkks sake if you can't read I can't help you with that part.....so twice I have and twice you dance around facts you really are a far right winger...I mean like crazy hard core arn't you?
I'm pretty sure I can read. I went through it twice. In case I couldn't I went and asked for help and found this. They all say with what I read.

As passed, the Riegle-Neal Interstate Banking Act of 1994 provided for uniform branching and interstate acquisition rules for the entire country. These new rules included the following:

Bank holding companies that were well-managed and well-capitalized would be allowed to acquire banks in any state after September 29, 1995.
Bank holding companies could merge banks located in different states into a single branch network after June 1, 1997.
States had until June 1, 1997, to choose whether to opt-out of the new law’s branching provisions. Only Montana and Texas decided to opt-out initially, but both states eventually agreed to allow interstate branching.
A bank holding company could not control more than 10 percent of the nation’s total deposits, or 30 percent of any single state’s total deposits, unless a state elected to establish its own deposit cap above or below this 30 percent limit.

I found ZERO reference of the CRA being altered. There is one mention of it in its verbage. In the last paragraph. Item 3.

It says this "Provides that: (1) insured banks in U.S. territories will not be treated as foreign banks for purposes of retail deposit-taking rules; (2) a U.S. branch or agency of a foreign bank may not manage activities of offshore shell branches that are forbidden to U.S. banks; and (3) the requirements of the Community Reinvestment Act of 1977 continue to apply to branches under its purview which have been acquired by a foreign bank."

Sec. 106) Sets forth additional notification requirements for bank closures in low- or moderate-income areas.

Bank closures is mentioned.

So yeah I guess I'll need enlightenment. Show me in the Act where you're statement resides in the Act.

"The CRA was revised, to increase lending in low to moderate communities, those revisions are part of the "Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994" which is what the description and voting links are for.
 
Last edited:
I already said I read it twice. It should be a simple task for you to find it. You've said you've done it twice. And have provided specific language implying you have. It should be pretty easy the 3rd time.
It doesn't matter, the facts are presented right in front of you and you have your cuntservative blinders on....and executive order arguments are so weak, they can be undone by the next president as easy as they get put in place by the previous president so stop blaming Clinton for a housing and economy crash 8 years after he left, especially if you are going to link it to executive orders.

@jellyrug You were right....
 
It doesn't matter, the facts are presented right in front of you and you have your cuntservative blinders on....and executive order arguments are so weak, they can be undone by the next president as easy as they get put in place by the previous president so stop blaming Clinton for a housing and economy crash 8 years after he left, especially if you are going to link it to executive orders.
I see. Yeah facts matter for sure. So far you proclaim they are present. But no one but you seem to know where they are.

I gently urged you to show me. More than once. I think I was patient.

At least one of us can read.
 
At least one of us can read.
Yeah, but it isn't you apparently. What a shame really.

It's like you were about to die from dehydration. I drug you to a pond in the middle of the cuntservative desert. You said "I don't see a pond", I splashed the water in your face, still "I don't see a pond". At this point you want me to hydrate your body by drinking the water myself. This is where it gets too stupid even for me.....
 
To you saying to grab women by the crotch is a positive attribute for a man? Is that what your first sentence says? I would befriend a person lacking in confidence way before befriending a womanizing ahole, and that goes for a lot of people. Don’t know or want to know who you hang out with.
Also, I never thought Biden was a great choice. Going back to VP days. I don’t think he s a bad person, just shouldn’t be in his position.
Nope not at all what my first sentence implies. What it does imply is every man who is a man has said same thing about some woman at some point in time. Any time there is more than one together well even when they are alone rofl they say dirty things about women. It’s what men do. Even the most conserved and reserved let loose once in a while and say stuff behind closed doors. Why the world was so surprised over it is beyond me? He just happened to have been hot micced and had it released. The media drummed up what is simple vulgar talk between people in private but it wasn’t.
Let me give you an example:
‘I’d love to grab Sophia Vergara by the *****’
And so would about 50 million other men maybe more.

To me this was just a New York jerk caught on mic. Didn’t shock me. A lot of them talk like that.

What shocked me more was his comment about shooting someone on 5th Ave and getting away with it. THAT was uncalled for and totally out of line. It’s one thing I’ve got no issue faulting him for.
 
Yeah, but it isn't you apparently. What a shame really.

It's like you were about to die from dehydration. I drug you to a pond in the middle of the cuntservative desert. You said "I don't see a pond", I splashed the water in your face, still "I don't see a pond". At this point you want me to hydrate your body by drinking the water myself. This is where it gets too stupid even for me.....
Not at all dude. I was actually thinking maybe the link you were insistent on dying on the hill for, I may have missed something. You seemed pretty sure of yourself. So I was more patient with you. That turned out to be the only wasted effort in this. When asked for definitive facts you seem to present, you declined. It's OK. It happens. I don't feel any differently about you.
 
You seemed pretty sure of yourself.
I am, I will say it again for ya.....the revisions to the CRA to allow lending in low to moderate income communities was part of the link I sent you. I also sent you the voting records. If you can't take that and figure it out (drink the water). That is on you not me.... It seems all you are going to do is pretend to not see the pond of water I led you to. Keep on keeping on.
 
Back
Top