And boy is it something else. The guy has no fucking clue what he's talking about whatsoever.
http://www.nydailynews.com/opinion/transcript-bernie-sanders-meets-news-editorial-board-article-1.2588306
>Daily News: I'm only pressing because you've made it such a central part of your campaign. And I wanted to know what the mechanism would be to accomplish it.
>Sanders: Let me be very clear about this. Alright? Let me repeat what I have said. Maybe you've got a quote there. I do believe that, to a significant degree, the business model of Wall Street is fraud. And you asked me, you started this discussion off appropriately enough about when I talk about morality. When I talk about it, that's what I think. I think when you have the most powerful financial institutions in this country, whose assets are equivalent to 58% of the GDP of this country, who day after day engage in fraudulent activity, that sets a tone. That sets a tone for some 10-year-old kid in this country who says, "Look, these people are getting away from it. They're lying. They're cheating. Why can't I do that?"
>Daily News: What kind of fraudulent activity are you referring to when you say that?
>Sanders: What kind of fraudulent activity? Fraudulent activity that brought this country into the worst economic decline in its history by selling packages of fraudulent, fraudulent, worthless subprime mortgages. How's that for a start? Selling products to people who you knew could not repay them. Lying to people without allowing them to know that in a year, their interest rates would be off the charts. They would not repay that. Bundling these things. Putting them into packages with good mortgages. That's fraudulent activity.
THE BANKS COMMITTED FRAUD! THEY LIED! SPECIFIC EXAMPLES?! I JUST TOLD YOU THEY COMMITTED FRAUD!
The words of a genius socialist.
In my view he's a left wing Trump, whole lotta talk but no clear ways how to achieve his goals. (Before I get shat on let it be noted I'd rather suck Trump's Cheeto penis before Hillary Clinton or Sanders ever becomes president.)
>>70163855
this guy is a fucking joke
yet people still give him support
I don't get it
>>70163855
Samefag but Bernouts are already in damage control. Some are spinning, some are bracing for impact. They all know this interview exposed Comrade Bernardowitz for the idiot he is.
https://www.reddit.com/r/SandersForPresident/comments/4dlmej/i_just_read_and_listened_to_the_ny_daily_news/
What did you expect from a 75 year old bum ?
Read this if you haven't.
https://www.washingtonpost.com/politics/bernie-sanders-says-hes-a-socialist-his-old-socialist-buddies-say-not-so-much/2015/07/25/a3948256-3145-11e5-97ae-30a30cca95d7_story.html
>>70164101
Nah, Trump speaks in generalities on the pulpit but has actual plans on his website or that he releases to the media. The wall thing, for example: Mexico pays for part of the wall or money transfer to Mexico from Mexican immigrants is cut off and that'd hurt them considering that's a loss of $25 billion.
That's miles above Bernie's "I'll break up JP Morgan but then I dunno what happens after that, let the executives decide I ain't no executive" shit.
>>70163855
Cut him some slack, he is a senile old man. I'm pretty sure he forgets hes running for president some days.
>>70164101
trump will be able to do whatever he wants when he tears up the marxist document known as the constitution and installs himself as emperor of america.
This is my friends biggest argument for supporting Bernie. He says that the banks/wallstreet fucked up the economy and Bernie wants to hold them accountable or whatever.
I don't know much about these things, and neither does he and I know he's just parroting things he's heard online so I just left the topic alone.
>>70164320
>In Vermont, the socialists’ speaker said his answer was no. The purest socialist in mainstream American politics was no longer pure enough.
That sums up leftists so well. They're so obsessed with ideological purity that nothing is ever good enough, they must always be going further left. I'm sure there are lefties who consider Mao to not be leftist enough.
>>70164101
Trump has an exact plan for every one of his goals.
>>70163855
Wait what? He did bring up a specific example in your greentext and none of what he said is actually unreasonable. What am I missing?
>>70164623
I can't say what they have and haven't done that's fraud or specifically ruined this country. But when you make a large part of your platform for president as "punish Wall Street" and you can't give examples of what they did beyond "bad loans" that were not actually illegal and not fraud, then you're a fucking idiot and nobody should take you seriously.
I might not know but I'm also not campaigning for President on an anti-Wall Street platform.
>Drumpfdrones think Sanders and Drumpf are any different when it comes to their knowledge
It's time to support a real candidate like Ted Cruz.
>>70164812
You're missing the fact that OP is a kike and a shill.
>>70165005
Cruz is a religious nutjob, Sanders is kind of a pussy, Hilarys a lying bitch, and Trump is an arrogant ass. Out of all Trump is the most appealing just because of how shitty everyone else is.
>>70164944
I agree but this is the same argument I can apply to pretty much every single front-runner candidate. All of them have said irredeemably stupid shit that should really put them out of the running but hasn't for whatever reason, this includes Hillary (particularly Hillary), Bernie, and Trump.
It's difficult to argue for any of these candidates to become president. At this point the choice really comes down to either voting for a quality candidate or voting Trump just to avoid the rampant racist, sexist, communist bullshit that the left is currently forcing on everyone.
>>70163855
but there are lots of frauds
rigging currency values
subprime mortgages
http://www.wsj.com/articles/martin-shkreli-arrested-on-fraud-charges-1450359637
Bernard Madoff
there are thousands of them
>>70164812
mean while trump is going to disband agencies that don't even exist
http://talkingpointsmemo.com/livewire/trump-makes-up-agency-environmental-hannity
>>70163855
>he thinks the bankers arent evil
>Kuck
>>70164759
>That sums up leftists so well. They're so obsessed with ideological purity that nothing is ever good enough, they must always be going further left.
>That sums up leftists so well. They're so obsessed with ideological purity
>That sums up leftists so well
It sums up PEOPLE well. we all do this bullshit and the only people who claim they dont are the fucking retards too dumb to see it.
What was the problem? Except him bad mouthing Trump, when they both have the same views on trade and manufacturing
>>70164812
Well for starters no one is forced into signing up.
>>70165777
http://www.huffingtonpost.com/zach-carter/megabanks-are-laundering_b_645885.html
http://www.cheatsheet.com/business/10-of-the-biggest-wall-street-busts-of-all-time.html/?a=viewall
Actually he does know what he's talking about. Both he and the author of this article know more about breaking up the bamks than any of you mouthbreathers
http://rooseveltinstitute.org/sanders-ending-tbtf/
>>70165991
if the country drifted back to where it was 30 years ago, republicans would be laughed of the stage if they said the shit they say today
>>70164759
Its hilarious. The saying the left always eat their own is absolutely true. Bruce jenner was their hero until they found out he was economically conservative.
What would happen if we were Socialist for a day? Like, redistribute the wealth in a reasonable manner to get the economy's life-blood back pumping, then return to a free market from then on out? Just one big reset without destroying our economic foundations?
>>70165005
>Gutmanfags
not even once
Bernie is right, though. There are tons of Jewish bankers and Jewish wall street people who do nothing but exploit the white middle class for shekels. To make it worse, they then use parts of those shekels to fund degeneracy in the media and promote open borders.
>>70163855
>Selling products to people who you knew could not repay them
See, normally when people commit fraud it's to make money.
Watch The Big Short. It shows exactly what he said, how the banks fucked up. Really good movie
>>70167152
>redistribute the wealth in a reasonable manner
And who gets to decide what's reasonable? Because it sure as fuck won't be you.
>>70167315
They could apparently make a shit ton of commission off of sub-prime mortgages
>>70163855
anyone just watch the angry banker guy on msnbc?
so much panic talking because he got btfo so hard
>>70163855
>>70165777
>Sanders: What kind of fraudulent activity? Fraudulent activity that brought this country into the worst economic decline in its history by selling packages of fraudulent, fraudulent, worthless subprime mortgages. How's that for a start? Selling products to people who you knew could not repay them. Lying to people without allowing them to know that in a year, their interest rates would be off the charts. They would not repay that. Bundling these things. Putting them into packages with good mortgages. That's fraudulent activity.
Why cant he just say that the people are financially illiterate and wall street abuse this. Instead of just greed of one side why not also mention the greed and ambition of the common man.
>>70165991
It's true to some extent but left-wing politics is infamous for it's penchant for self-defeating infighting and ideological schisms over minor details in their ideologies.
The left always eats itself. There's a good Monty Python joke about this.
well he certainly is the only one trying to stop jewish bankers.
altho a lot of you are defending jewish bankers
>>70163855
ARE YOU SERIOUS? THE BANKERS AND THE ONE PERCENT LITERALLY OWN CORPORATIONS.
>>70163855
>People literally vote for this faggot to take their money and the hard-earned money of their neighbors
http://archive.is/QxM7V
Use archive, don't give Mort Zuckerman any more pageviews, goys.
>>70167506
he doesn't need to explain it, we all know what he's talking about.
also
>NY Daily News
maybe they don't
Good Goyim! Defend the banksters! GOOD GOY!
>>70165808
He obviously means the EPA. Fuck off shill.
>>70167906
>The government will help you out and save you from those evil banks
>Don't lick that boot, lick this one instead!
>>70163855
https://www.youtube.com/watch?v=2muNVQm24hg&nohtml5=False
>>70167801
He needs to really because people sometimes forget common sense.
It might be easy for us cause were in the backseat observing them having a larger perspective on whats going on than people in the frontline.
Nothing will change even if he increase minimum wage and people still commit the same mistakes
>>70167574
lefties are less conservative and more progressive, and progressive ideology is inherently more fractured than conservative ideology.
>>70168147
>CuckTalk
This guy is the worst.
>>70163855
He knows more than Trump, and I'd love to see Hillary get the same kind of questions, I'm sure they'd be looking to softball them for her, whereas for Bernie they try to make him go into specifics. Well OP, you seem to know more, educate us, or are you just mirroring what Daily News posted to try to discredit him?
>>70168289
Didn't even watch it. Figures, and here I thought coming to /pol/ might be enlightening. I managed to learn so far that you're all pretty much poorly educated, I guess there's that. Now I know where not to turn to for politics.
>>70165991
>all you Trump supporters are obsessed with ideological purity!
Anon...
>>70164101
Trump has plans. Media pretends he doesn't.
>>70167152
Niggers would be destitute again within 10 years and they'd blame white people and racism
>>70164101
Trump wrote a whole book about his plans.
>>70167338
The movie that BLATANTLY ignores the Democrats caused it?
This is why you don't fucking trust Hollywood.
>>70168073
So what are you going to do? Walk down to wall St and perform a citizens arrest for fraudulent banking? At least a government can prosecute them
The old man probably sets unrealistic high goals so that he is at least able achieve a middle ground and blame it on congress. As long as he is able to regularize Wallstreet and the inflated healthcare system I would call it a day.
The same with Trump, he shoots high but I doubt he bulids that wall. Then if it happens, it would make life somewhat exciting for a short while .
>>70163855
Later earlier he spoke about his banks won't give loans to poor people.
Then he complains about how the banks gave loans to poor people and that was fraud.
He LITERALLY doesn't know what he's talking about
>>70167574
>There's a good Monty Python joke about this.
well you cant just say that and not post a link/vid. cmon bro please
>>70163855
>defending banks
>>70168765
>>70168621
>America
>Reading books
>>70169425
readin' aint all bad
>>70167338
>Hey guys, watch this movie about a chain of incredibly complex economic events that are oversimplified ad infinitum so stupid faggots like you and I can feel a false sense of intelligence and posture as if we actually have a single clue as to what truly occurred
>muh ebull bankuhs
The movie was entertaining, but please stop being a retarded faggot.
>>70167506
>Selling a product you definitely know it is shitty but hey literally not my problem is as greedy as buying a product you didn't know was shitty coz all the financial institutions said so.
>>70169425
I like reading.
>>70165991
The left is even more ridiculous about it though. They've been purging each other because MUH PURITY since the French Revolution.
>>70170840
people have been purging each other since before we human. Genocide goes back millions of years and the reasons they did it were as entrenched in identity politics as any modern day purge.
>>70168521
>trumpettes getting defensive
typical. I didnt mention you, and i only implied anything about you if you are human.
Which nominee do you prefer the Dems put up? I mean, its' fine to be dissatisfied with both Sanders and Clinton, but there is total certainty that one of themis going to be on the ballot in november. Which name do you want ot see there?
What he neglected to mention is that banks lent money to people who couldn't repay because they were forced to by the Clinton administration.
It was considered 'discriminatory' to refuse financing to people buying a home 5x more expensive than they should reasonably have been able to afford with their level of income.
>>70163855
Derivatives. Go back in your sewer. You can sense he blows out the Jewry of the interviewer so you claim Sanders was btfo. Get out ziocuck
>>70173428
Uncle Joe would probably be okay. Wouldn't mind uncle Joe.
>Cooky old socialist who didn't have a job until he was 40 doesn't understand economics
surprising
>>70164184
This guy?
>>70169425
>Philippines
I'm surprised you're literate
>Borrow money
>Agree to terms of loan
>Can't fulfill terms of loan, go bankrupt/into massive debt
It's almost like people who can't repay loans shouldn't take out loans.
Meanwhile this guy is telling us it isn't our fault, that somehow the terms we willingly agreed to is fraud and we should get free money.
>>70174719
lol your candidate is a fucking joke, who has never held a job in his life, while Trump brings in $250 million a year.
>>70175535
Bernie has held job's though. He was a writer and carpenter... And apparently you want trump to be president because he has a lot of money?
>>70168765
That book was great
it was a fucking hit piece. They asked him such specific questions about single pieces of legislation that nobody would know off the top of their heads.
When was the last time you saw something as ridiculous being thrown at Reptillary? If this was done to her people would be calling NY Daily News sexist
>>70175808
He became a tradesmen at 40 and wrote prono.
I like Trump because of his No income tax on people who make $25k or $50k with a spouse and his immigration position.
Trump gets shit done, includong building a buisness empire, while Bernie has only submitted and passed one bill in his time in Senate
>>70176943
and it was renaming a post office. Hugely important legislation there.
>>70175808
better than being a poor marxist kike
>>70167338
seems like watching the big short is all the research bernie did on this subject
>>70163855
/pol faggots
http://www.nytimes.com/2016/04/07/upshot/yes-bernie-sanders-knows-something-about-breaking-up-banks.html?_r=0
>>70176943
In a fictional economy people making 50k a year should be taxed.
>>70178247
A single person who makes over $25k would be taxed,
but a Married couple who jointly makes $50k won't be taxed.
>>70168313
>He knows more than Trump
i can't even...
>>70175808
>carpenter
is that why you guys think he's Jesus?
>>70167083
I don't blame 'her' desu, Diedre McCloskey is based
>>70169771
Where was this movie incorrect?
>>70163855
>The words of a genius socialist.
Yes, actually.
It was fraudulent worthless subprime mortgages. Is anyone saying they were not? Did the banks pay out billions in fines because they were not fraudulent? How specific does he need to get? We know what banks, because they all went court and admitted they did this fraud.
Bernie is not the a journalist who reports to you all the minute specifics.
You say genius, but anyone who watched the news for the last 8 years would know this to be true. This isn't even Bernie's opinion. It is fact.
I don't understand. Should Bernie ignore the fraud on Wallstreet like all the other candidates?
>>70180398
It wasn't neccessarily incorrect, however they left a lot out
Reminder that first-time voters want Sanders - NOT Trump or hillary.
http://www.msnbc.com/msnbc/gen-z-bernie-sanders-answers-the-how-policy-making
>The Iowa caucuses tonight will turn on a number of factors: Will the unseasonably warm weather hold up? Which campaigns have the strongest ground game? And will turnout be closer to the lackluster result in 2004 or the record finish in 2008? For Bernie Sanders, it could also come down to whether his supporters, particularly his disproportionately young fans, turn out.
>“Well, everyone talks about the younger voter,” said David Stillman, a researcher who launched a national research project this year with his son Jonah studying young Americans, including their priorities in the coming elections.
>“Everyone just assumes they’re millennials. What we’ve uncovered is there is a whole new generation that started in 1995 – Gen Z, so the leading age is 21 … [who are] voting for the first time. So Jonah and I came down to Iowa to see what’s on their mind. What are they thinking about when it comes to politics?”
How pissed does this make you, /pol/?
>>70180481
>It was fraudulent worthless subprime mortgages
And all the people who signed those mortgages had a gun to their head forcing them to do so.
You really can't be that stupid?
>>70163855
Honestly OP, it sounds like you don't understand the financial collapse at all.
For the amount of words he used, he described it pretty well. He gave specific examples, and you literally copy pasted them and you still didn't see them.
>>70168765
Is it good?
>>70180756
The subprime mortgages were stamped Triple A.
It's like if you bought a car on the pretense it was new. Then you find it has a million miles on it after you purchase it at full price.
>>70180756
>credit agencies lied
>people were just stupid
??
> Lying to people without allowing them to know that in a year, their interest rates would be off the charts
interest rates are spelled out in the contract they have to sign to get the mortgage
>>70181011
It's a pretty good read. I've read Art of the Deal and I'm halfway through Crippled America atm. Those books give you a really good feel on the kind of person Trump is.
>>70180756
>>70181169
ratings agencies **
>>70181057
IF we are talking about the mortgage backed bonds, yes you are correct.
Now tell me why so many subprime mortgages were given out by the banks in the first place.
As risky as they are, there had to be some reason
>>70163855
I use to think he got testy with the media because they were bullying him. Now I think it's because he's just retarded.
>>70181328
Wrong.
guess again you uneducated mong.
>>70181328
Those subprime mortgages had a MUCH larger risk of losing money than prime mortgages, so you answer is money?
>>70175808
>carpenter
Hardly. Attempting carpentry isn't the same as being a carpenter.
>>70181172
>what's this fine print here say, mr. jew ?
>oh! hehe that's just the ''''''''''variable'''''''''' rate
>okay...so that's not off the charts?
>nonono it's ''''''''''variable''''''''''
>>70169221
https://www.youtube.com/watch?v=WboggjN_G-4
>>70164417
Not to mention Trump has decades of extremely high-level business, budgeting, and negotiating experience that Bernie doesn't have.
>>70181748
>i'm financially illiterate
>i shouldn't be held accountable for my stupidity
>>70165005
What real life experience and accomplishments does Ted Cruz actually have?!
What the fuck has he ever accomplished, created, built, or thought of?
Does he have a single original position or idea that he hasn't stolen from Trump at this point?
HAHAHAHAHAHA
>>70181963
And that's why he's gone bankrupt 4 times.
>>70164490
>Falling for the old senile Jew bluff
>>70181632
The commissions the banks made selling them you fucking moron.
>Thinking the average banker is extremely intelligent and thinks long term?
>>70182175
>hundreds of successful companies don't count because my feelings
>>70182198
Again, you have no understanding of history.
What you are describing was illegal until Bill Clinton's presidency.
>>70181407
>>70181632
Enlighten me.
>>70182175
>filing 4 businesses out of over 200 for bankruptcy is now considered "going bankrupt"
>>70182175
>most extremely successful people never have failed companies
Good god. The retardation in this thread is scary. The majority of millionaires and billionaires have many failed ideas/companies.
>>70182175
He's never gone personally bankrupt fucktard.
4 out of hundreds of his businesses have been restructured.
You already know this you're just being retarded.
>>70182031
>actually defending the jews
Is it opposite day? What's going on here. Wall street is full of jews, and you fucks are saying they aren't responsible for the crash?
>>70182372
>filing for bankruptcy is no longer considered bankruptcy in the caliphate of bongstan
>>70163855
>strippers take out huge loans with cash down payments
>buy houses in Nevada
>default on all of them
>rent them out and retire early
>"HURR MUH GREEDY BANKS"
>>70182533
You do know you can claim bankruptcy on individual businesses, right?
And doing so was financially smarter.
>>70182544
I don't get it, are you just trying to be le edgy? What's the joke here? Obviously the banks are greedy.
>>70182312
Then why did they sell those bonds backed by subprime mortgages? What is your conspiracy theory?
>>70182333
1.
http://portal.hud.gov/hudportal/HUD?src=/program_offices/fair_housing_equal_opp/FHLaws/yourrights
This prevent banks from turning your application down.
2.
https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Legislation
Congress repealled this act setting the stage for the melt down.
They did these things in full view of you(your parents) and no one tried to stop them. Only now do you cry foul.
In all the time the Barak Obama has been in office, even when the dems had a majority in congress, did they once ever try to put new laws in place to make what happened in 2008 impossible to happen again? NOPE, the dems caused it under Clinton, it blows up under Bush and he takes the blame, the dems win the white house back and the idiot masses still believe it was the republicans that caused it.
>>70182682
Why are the banks responsible for people taking loans they can't pay back? Our country is retarded because people are allowed to be. We have fucking instructions on shampoo, and those same people are expected to understand a 30 year mortgage?
>>70164530
>marxist document known as the constitution
>A rage for paper money, for an abolition of debts, for an equal division of property, or for any other improper or wicked project, will be less apt to pervade the whole body of the Union than a particular member of it; in the same proportion as such a malady is more likely to taint a particular county or district, than an entire State
t Madison on the Constitution
>>70164184
He's a trend, the same way kony2012 and ice bucket challenge were trends and the fund raisers keep 99% of the donations and nothing gets done.
They're sheepish and want to cling to something, and they're young and thinking they're saving the world and making a difference. Can you believe people rallied for military intervention on this kony guy, but Islam is laying waste to the free world but the TV says don't be a bigot, censor yourself and build a mosque and invite them in. That's what they do.
They want free school, they're short sighted and narrow minded and it's the same reason when asked why people are voting for Bernie they go, "uuuuuuuuuhhhhhhhhh, he's gonna like, fix all those problems and stuff. Yeah. We need to adopt socialist ideas." He'll END RACISM. Can you believe these cunts? End racism? They really think that will happen if Bernie wins. Good lord what the fuck is going on?
>>70182312
Yes, Clinton legislation forced banks to give out sub prime mortgages, I know this. What's your point?
>>70167906
>banksters
Fuck off back to r/conspiracy. It's not defending the banks, it's that Bernie is all feelings with no actual thought put in as to how to implement them. Look at his answers in regards to breaking up banks like JP Morgan. He's not even completely sure he'd have the authority to do it but believes if he did then it'd just work itself out. How? Socialist magic, I guess.
>>70182682
Is it greedy to loan to someone you know can't pay it back?
That's the opposite of greed. That's generosity.
The truth of the matter is, they were forced to loan to those low income people by the government. It all started under Clinton, the Community Reinvestment Act.
>>70182533
God, you're fucking stupid. Please go study business and entrepreneurship.
>>70182931
>Good lord what the fuck is going on?
We are truly living in end times.
>>70182767
It was literally made illegal for them not to hence why banks did things they've never ever ever done before because it was stupid and risky
See
>>70182825
>>70182934
>clinton forces the banks to take more risks
>says the risk is a good thing
>not thinking the bank will pass that risk onto their customers saying it's a good thing.
>>70183109
I'm a CPA, nigger. I know the US code like ur mum knows the size of your little peepee.
>>70163855
>sub-prime mortgages
it's predatory, not fraudulent, Make Americans Great Again and they won't fall for these schemes.
>>70182838
http://blogs.wsj.com/economics/2015/06/08/they-put-a-face-on-the-90s-homeownership-push-then-they-lost-their-home/
because since clinton presidents have pushed for people to get houses.this lead to the financial markets being politically pressured to create ways to offer home loans to people that never would have qualified for a normal home loan, hence the idea of subprime loans. the increased risk of these loans was covered by bundling the risk into a security and sold to investors at various levels of risk.
there was a conflict of interest between banks and securities raters that led them to be rated higher than they should have been, and as one would have expected, the people who shouldn't have gotten a loan failed to be able to pay back the loans they were given.
tl;dr: government meddeling leads to inefficiencies in market
>>70183281
a non shitposting aussie.
>today has been a g'day
>Sanders: 'Yes' l'd apologize for slavery and I'd make reparations by investing in low-income communities
>>70182825
Read your first link, I didn't see anywhere where it said you can't deny a loan based on how much money a person makes/has
>>70164195
>>70164101
>In my view he's a left wing Trump, whole lotta talk but no clear ways how to achieve his goals.
If you repeat a lie enough, the plebs will believe it
>>70183401
>lets not this black family have a loan because they don't make enough money
>BUT DAS RASIS
>>70178180
His bill is 6 sections long.
Roosevelt's is a fucking mountain of text.
What garbage is this?
>>70183473
>those comments
>Calls wall Street out on fraud
>Asked to give specific examples
>Gives one
>Everyone on /pol/ jerks their dicks off attacking his one example
>You can literally type in any search engine "wall Street fraud" and come back with 1,000 results
You're cute /pol/. Please. Never change.
>>70183363
Good to know. But I was asking why people aren't held individually accountable for their own finances? Surely they were told what they had to pay each month? Why would they think "Oh, that's 90% of my income. That should be fine!"
>>70180398
I haven't seen the movie but if it didn't directly blame the government for economic downturns its socialist propaganda.
>>70183510
Could you make your point in more concrete terms?
How do you think that would play out? Let me spitball some ideas
>Man: Can I get a loan
>Bank: No you don't have a job
>Man: Okay I'm suing
-----Later on------
>Judge: Why didn't you give this man a loan?
>Bank: He doesn't have a job
>Judge: Okay, makes sense
>>7018325
>I'm a CPA
Sure thing buddy... Then how do you have time to shill for Bernie on 4chan so close to April 15th if your a tax code God, you're obviously doing taxes, right? Do you work for one of the big four? Shouldn't you be working 80 hours a week? Also, maybe you brush up on the REG.
>>70181057
The government forced subprime mortgages to happen because dats racist
>>70163855
This is Sander's ARE YOU KIDDING ME?!? moment
>>70183922
Nope, it's yours
>>70183625
because people that fuck up love to blame other people for their mistake.
the story was spun that the banks giving out the loans didnt fully explain the risk to people about the natural of variable rate mortgages and the left has been blaming the banks ever since so they don't have to admit it was their own policies that caused the problem.
http://www.sjsu.edu/faculty/watkins/subprime.htm
>>70164101
Trump is left wing...
>>70175535
Hillary was Secretary of State and a Senator.
>>70181057
the subprime mortgages were given AAA ratings when they were bundled and sold as securities to investors.
>>70181238
http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html
>>70183980
You don't understand the reference do you?
>How is Trump like Hitler?
>ARE YOU KIDDING ME?!?
>So how is he?
>...
Sanders can't say what fraud
>>70183625
Because those loans were targetted mostly at blacks (after the federal government produced laws and books targetted at banks saying "you need to lend more to blacks otherwise you're racist; DIVERSITY").
Now blacks make up the highest percentage of those in poverty (close to 28%, around 3x higher than whites) but dammit dey gots to have dey homes n shiiieeet so to comply with federal pressure banks began giving out subprime mortgages targetted towards blacks that couldn't pay them. Of course this was likely the plan the entire time since the modus operandi of the Democratic Party for 50 years has been to hold down blacks, keep them in poverty and keep them in an ignorant, childish state therefore they'll be totally dependent on Big Daddy (D) to provide and look out for them i.e. the (supposed) LBJ quote about how he'll have them niggers voting Democratic for the next 200 years.
>>70168765
>I think people are shocked when they find out that I am a Christian, that I am a religious person. ... I go to church, I love God, and I love having a relationship with him
>2 corinthians
>>70183391
I hope you fucking God this guy doesn't win. He is the fiscal version of ''government mandated estrogen shots for all males'' type of guy. Except for him it is about sucking black and poor community's dicks and punishing those with money.
>>70183762
>Man: Can I get a loan
>Bank: What's your income?
>Man: 35k
>Bank: How much loan do you want?
>Man: 350k for a house for me my black wife and our tranny kids
>Bank (internally, we can't discriminate against these people or we risk a major lawsuit): Sure but well have to put you into a subprime mortgage that has a variable rate.
>Man: Where do I sign?
>>70163855
>They would not repay that. Bundling these things. Putting them into packages with good mortgages. That's fraudulent activity.
That was exactly the plan championed by dozens of Congresses through Fannie, Freddie, and other schemes.
Of course a poor family can't make the balloon payment. The point was to let them accrue equity in the home from rising home values. They enter a mortgage with something absurd like 1%-3% equity, pay a teaser rate, refi before the balloon, and if the home value increased as planned suddenly they have not-absurd 10% equity.
That was the subprime play, endorsed by republicans and democrats for decades, with a clear goal of making poor (often minority) families into homeowners.
Went great until prices stalled. Then no one could refi. Then all these low income borrowers had to make payments on floating rates they couldn't imagine. So they default. Enough defaults, the pools of mortgages start to look really risky...
>>70164320
That was a sad article
>>70164623
the crisis was also the fault of the government/regulators/federal reserve as well.
The government pushed people into owning homes, and got lending standards lowered. Banks obviously took advantage of this.
The federal reserve had a chance to deflate the housing bubble before it got too huge, but they didn't until it was too late. They raised interest rates and by 2007/8 things were fucked.
The regulators were also failures in that rated whatever new financial assets the banks made as triple A. Partly because the assets were way too complicated and opaque for them to understand them, and B because it was profitable for them to just rubber stamp everything.
Certainly, banks were part of the problem, but the problem is far worse than just that.
Another criticism of Bernie's crutching on breaking up the big banks is that the game has changed a bit. Algorithmic trading platforms are arguably a bigger threat to the system, but this old fuck probably has no idea of that at all.
>>70183473
they upvoted this to the front page
I think it's a pretty good visual depiction of reddit
>>70185601
>>70164101
As others have pointed out, Trump has very clear plans. The reason he uses simple language is because most people aren't political nerds and don't give a shit about boring details of policies. They would just change the channel and assume it's just yet another full of shit politician who's all talk, no action. Trump knows exactly how to get through all the bullshit and make sure his messages reaches the people who tuned out of the political system a long time ago because they recognized that it was all a bunch of corrupt bullshit.
>>70185601
>broken ankle
>ape arms
kek
>>70185601
>E is backwards
About as much as I'd expect.
>>70163855
>What kind of fraudulent activity? Fraudulent activity that brought this country into the worst economic decline in its history by selling packages of fraudulent, fraudulent, worthless subprime mortgages. How's that for a start? Selling products to people who you knew could not repay them
He's not wrong, but the "evil banks" had a slightly different perspective in the mid 2000s. Most economists had surmised at this point that the housing bubble would burst, but there was just so much wealth to get in on it's tough to NOT create these types of asset-backed securities. Sure, it's easy to call these people greedy, and they are, but at the time it was also genius financial innovation and some uncharted waters. Then of course retroactively it seems so obvious that this was a bad idea.
That being said, companies like AIG and Lehman Brothers and Bear Stearns really should have known better than to leverage themselves so much.
>>70186248
They did it because they knew the government would bail them out, which means there was literally no risk to themselves whatsoever, and therefore no reason not to do it other than morality (and turns out, not a lot of bankers have that in abundance).
>>70186550
But Lehman Bros and Bear Stearns don't exist anymore.
They failed during the collapse.
>>70169425
>>70186626
Sure, but that doesn't hurt the CEO's and managing directors, they keep their paychecks and just go work for some other company. Or, like John Kasich, who was a managing director at Lehman Brothers, move on and get elected governor of Ohio, because yes Ohiofags are that stupid.
This seems as good a place as any. I live almost exactly between the bernie rally in philly and the trump rally on long island. My wife asked me to go to the bernie rally and I said yes. And then within an hour I saw the long island rally posted. All I could think was damnit you democrats and your dirty tricks. However long island is a real bitch to get to if you are not in NYC so took wife to philly.
Arrived at like 5:30pm to the sight of one of the most epic lines I've ever seen. I couldn't figure it out because I've seen the rolling stones, prince, Bruce Springsteen. all of them with shorter lines. Only one entrance open and the side doors were closed. People smoking weed, weird colored hair, a good portion of kids but still a very young crowd overall. Honestly he should charge a few bucks to get in just to get rid of some of the homeless looking people. I would have gladly paid $5-20 to get rid of some of the crazy. A big ass bus of blacks for bernie. Actually pretty clever because I didn't see any black lives matter people. And I think the north probably has some more sensible black voters who dont just blindly follow hillary. The line was so long I convinced my wife to eat at a Korean restaurant and maybe after the rally started we could still walk in because it was cold and the line was moving at a snails pace and very long. Well after 8pm its started moving very fast and they let us into an overflow. Bernie gave normal speech. Some of the people were a littly too excited over things like a womans right to her body. Some stereotypical fans that almost made you laugh. Some guy with a giant bernie head tried to walk out on the floor and secret service stopped him and bernie said let him through. They patted him down and bernie kept saying thats weird.
>>70164184
Well so is trump
>>70183473
To be honest,familia,being paid 12 bucks an hour during an internship seems alright. We don't get paid shit here. Bernie still a sad cunt with no discernable plans,tho.
>>70163855
Oy vey
>>70187041
How so?
>>70186995
overall I'm glad I went but I have to say I would have been scared to start yelling in support of trump. There were some real crazy people there.
I hope to see trump soon but I hope its not as crazy as the bernie rally. Some of those tards waited since 1000 am and it was fucking cold today. I couldn't deal with that. His wife was there and still terrible underdressed. I have to say the number of people there was staggering. I hope trump gets that many people.
>>70185773
>>70186029
>>70186074
it's a parody of this logo
get it now?
>>70187041
NO U: The Post
>>70187310
Trump gets way bigger crowds. Most of his rallies have gotten like 10-30 thousand people to show up. Though lately he's been booking smaller venues with just a few thousand in order to make it easier to run security screenings and keep agitators out. If you want to even make it inside you'll have to get there super early, they always have to turn away thousands of people who can't fit (even back when he was doing much larger venues).
>>70186962
Why would Lehman declare bankruptcy is they knew the govt was going to bail everyone out?
You've been fed a narrative of bullshit and you ate it up man.
>>70187575
oh that was the part I forgot to mention. they put us in an overflow room and we got like a condensed version of the speech before the main speech. So he addressed the overflow crowded as well as the main crowd. Which was pretty clever because it was probably delivered to the casual fans who were at the back of the line and we got out of there before probably like the 10 thousand people in the main venue. It was an ideal situation for me and a pretty shrewd move to not actually turn away any people. But I enjoyed seeing the secret service up close. Too many people eatting that shit up about 15 dollars an hour working fastfood. These tards dont know that robots will make there fastfood long before people will make $15 an hour at fastfood. anyway trump should figure out a way to address the people that get turned away.
>>70164812
That's the joke
>>70168765
I read this as Trump wrote a whole book about his PENIS
>>70187677
You don't seem to understand that there literally is no consequence to any actions that they take. Bankruptcy is just a legal tool like any other, used when it benefits them. The people responsible will never suffer any legal or monetary consequences.
>>70163855
I love how they attack Trump for sounding simplistic if you don't know the subject and are not following him, whereas Sanders sounds dumber the more you know the topic and the closer you are following Sanders.
>>70188076
Trump does give multiple speeches in overflow rooms too, but he has so many people that he'd be there all day if he tried to address every single one of them.
>>70188238
>You don't seem to understand that there literally is no consequence to any actions that they take
What was the meltdown of 2008?
>The people responsible will never suffer any legal or monetary consequences.
So the people that worked at the banks that went under suffered no consequences when they lost their job?
I'm not saying these people were angels, but come the fuck on man. Your narrative is so full of wholes it's laughable.
>>70188568
Most people who worked there suffered consequences by losing their jobs, but the people at the top are hardly inconvenienced by having to move to a different company. There's no shortage of companies they can move to, or they can just start a new company. The whole point of the legal construct known as a "corporation" is to protect people from liability.
>>70188391
That is really good to know because I had not heard about Trump addressing the overflow rooms. Its a pretty smart move to not disappoint anyone. Everyone got in one overflow which was pretty large. Maybe a couple thousand. I would prefer to see Trump up close in a smaller venue. I hope I get to see him at some point.
>>70188777
Jesus Christ...
>A wall st bank closes it's doors putting it CEO out of job and making it one less bank on wall st., but that CEO can go get a new CEO job across the street, they will just fire the current person and give it to the CEO that ran his bank into the ground.
I cannot wrap my mind around your inability to take your own ideas to the logical conclusion.
>>70188989
He doesn't have to be a CEO at a bank dude. God you're slow. Corporations are a legal distortion of the free market, they do nothing but shield crooks from responsibility. Even Adam Smith recognized that the free market can only work when paired with personal responsibility, and he criticized the corporations of his day for doing away with that.
>>70164490
every teenaged liberal NEET tells me that exact thing when i tell them he's a warmongering commie
>man don't you think that's a little much for a kind old jew?
i show them records and footage
they can't even afford me the simple human pleasure of debate.
then as quickly as they can they go
>hey its cool i believe in what i do and you believe in what you do.
NEET proceeds to post TRUMP IS LITERALLY HITLER memes like he's on autopilot
>>70185601
tumblr style monkey man
progressive/10
>>70189314
Bro, let's think about whay you just said and apply it to a real world scenario.
By your own logic, if a cashier at McDonalds spills coffee on you and burns you, you should be able to sue that cashier for making the mistake. Is that what you want?
The corp laws serve a purpose, to protect the workers.
>>70188777
>but the people at the top are hardly inconvenienced by having to move to a different company.
Amazing the options having marketable skills gives you huh. Weird right.
>>70180481
and it wouldn't have been a thing if it wasn't for democrats stinking their fingers into mortgages
>>70189589
Are you a CEO or something? Why else would you be making such a stupid argument? You can obviously have laws that protect workers without letting the corrupt get away with bullshit.
>>70189940
THE CEO IS A WORKER YOU DUMBSHIT.
Particularly in publicly traded companies.
As in the company is publically owned and the board of directors, which is responsible to the shareholders, hired some to do the job of CEO
I seriously can't handle your leve of retardation. I think I'm out, but keep posting, I may rage again in few.
>>70190108
It sounds like you're suffering from autism. Who the hell said you have to treat all workers equally? Only an autist would say that.
>>70190384
You're right.
We should pay those doing a menial task minimum wage, while paying the CEO millions.
You really are that dumb aren't you?
>>70167083
>economically conservative.
Socially too. He's against gay marriage.
>>70190512
Yes, we should, and we already do. I don't even know what you're arguing for right now...
>>70190615
I know what you're arguing for though.
What does that tell you?
A lot of the questions the editors asked were factually wrong though lol
>>70190697
I'm arguing against corruption and a return to true free market principles. How about you?
>>70186550
Nope, they only learned about that after 2008
>>70184543
Nobody gives a fuck if he reads the bible or not
>>70190970
Ok.
So during the late 90s and early 00s the market was thriving. Average investors were making money off the greed of wall st. Where were the calls for revolution? Why did no one care?
Now, through a series of terrible decisions, the market tanked. Suddenly people are coming out of the wood work calling for heads to roll and revolution. Where were you during the 'good' times? Why only now that your greed isn't being satisfied by wall st, are calling for revolution?
Have you ever heard the expression 'fairweather friend'?
>>70168765
Very good book, would recommend reading.
>>70192038
I'm not calling for a "revolution", that sounds like some berniefag commie shit. I really don't even know what you're trying to argue for.
>>70163855
Uhh, he's basically right? That is how the SMC happened. The banks took incredibly amazingly shitty loans that were virtually guaranteed to fail and "repackaged" them several times over until no one knew what was inside them and then passed them off as far more secure than they actually were. Sometimes they would go on to sell these worthless, over-valued packages twice; once "betting" for them and once "betting" against them (to put it in layman's terms, anyway).
It's basically impossible for any of the higher-level executives - who had the big picture view and knew what was going on in their companies - to genuinely believe that what they were doing was long-term sustainable. It was impossible for them to not know that their house of cards was going to come crashing down eventually. And to continue on as they were doing, knowing that their collapse was imminent and banking on taxpayers to bail them out, is by any sane definition fraudulent. Our justice department chose not to pursue a criminal trial because politicians and bank executives are drinking buddies, not because these people were innocent of all wrong doing.
Honestly, who the fuck defends banks? How much of a brainwashed cocksucker are you? If Bernie told you grass was green, would you start shouting about how botany is socialist propaganda? I don't get it. Everyone - left and right - should be able to agree that the banks are fucking us and they're getting away with it because they have our politicians in their pockets.
>>70163855
I just realized Bernie & Trump talk the same way. A whole lot of meaningless paraphrasing with only the closing sentence being a real answer.
>>70192857
I'm trying to point out that what you call corruption is business as usual on wall st. When that corruption makes money for the average investor, we accept it and those dividend checks without question. But when things go bad like in 2008, we call for 'a return to free market principles', when there hasn't existed in this country a free market in over a century.
>>70193194
That said it's better than Cruz who just dodges literally every question he's given by telling long irrelevant stories and blaming Trump for everything under the sun.
>>70168040
>obviously
Wasn't too obvious to him, apparently.
>>70192900
The banks did it because the Democrats guaranteed those loans with government backing, because not letting poor people with no way of paying back a loan get a house was raycis' and sheet.
>>70193296
I agree, but that's no reason to not call for it.
>>70194096
Ok, call for it and see how fast it happens.
On the other hand, if you were to lead a revolution of retards, you might actually get somewhere.
>>70194230
>lead a revolution of retards
So you're saying we should vote for Bernie?
>>70194282
>sarcasm doesn't play out well on the internet
No I'm saying either way you accomplish nothing.
You are impotent in this situation.
>>70163855
>Daily News Hatchet Job taken seriously
Are /pol/lacks this idiotic after all.
>>70163855
His supporters don't care about details, they ride a wave of simple emotion. It's how ours society is programmed now. Facts, reason, evidence, and actions mean nothing, only how you feel. Simple math debunks everything this man promises, yet retards keep voting for him.
>>70194381
So you're just some kind of demoralization shill then?
Who are you voting for?
>>70195223
Who i vote for is irrelevant.
Nothing will change.
>>70195289
Shill confirmed. Thanks for playing.
For the record, the correct answer is Trump 2016.
>>70163855
>selling products to people who you knew could not repay
I don't get it. Isn't the owner on the buyer to repay?
