Message from @irix
Discord ID: 500772722465570827
full grammar
>except
<:brainlet:404155381359706132>
mord do you like carnivore
So So
More DM shills
I swear if this nigga don't write up at least 4 paragraphs im gonna be pissed
I love this song
TO RID THE EARTH OF ABOMINATION I PROCLAIM MY NOMINATION AS THE THERMOUCLEAR WARRIOR
The demand for subprime loans influenced and enforced by govt via Clinton's polities (referenced above) rocketed during '01, which increased around nearly two-hundred and five percent, coupled with Fannie and Freddie's need to meet govt. quotas as they bought from other mortgage originators -- loans having to be made to those below the median income relative to their residing communities; this enforced quote had doubled up until '07. Wallison does a good job of explaining the crisis:
`It is certainly possible to find prime mortgages among borrowers below the median income, but when half or more of the mortgages the GSEs [i.e., Fannie Mac, Freddie Mac] bought had to be made to people below that income level, it was inevitable that underwriting standards had to decline. And they did. By 2000, Fannie was offering no-downpayment loans. By 2002, Fannie and Freddie had bought well over $1 trillion of subprime and other low quality loans. Fannie and Freddie were by far the largest part of this effort, but the FHA, Federal Home Loan Banks, Veterans Administration and other agencies—all under congressional and HUD pressure—followed suit.`
SSSSSSSSSSSSSSSSS
Spilled
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Oh so you just copy and pasted from an article
Yeah ignore the SSSSSS
only 2 paragraphs
SSSSSSSSSSSSSSSSSS
and now talk about the other half of the cause
The quoted portion is from TA's article: https://www.theatlantic.com/business/archive/2011/12/hey-barney-frank-the-government-did-cause-the-housing-crisis/249903/
Which article did you copy and paste this from @irix
oh lmao
nailed it
You can't even defend your own position without someone else doing it for you
Copy and paste what?
the fact that the banks in question were making risky foreign investments with the money they were supposed to be keeping for their clients
regulation solved this issue
<:ThinkStare:424813165671481345>
I used a quote by a prominent congressman to defend what I had stated
You can trace what I said, it was certainly not copied from any source.
nice appeal to authority
An appeal to experience, not authority.
no its authority
actually i promised you could argue with normie
dstryd
lul
But you could actually read what he said rather than crying 'authority' because a point was made.
lol
<@492501920011780096> you gay nigga
hes gone