2016 Postmortem

Mnpaul

(3,655 posts)

24. Wall St. sold them as AAA based derivatives

Reply to hill2016 (Reply #23)

Sat Nov 14, 2015, 11:01 PM

Nov 2015

a sure bet. They were not. They were based on subprime loans. They ran out of prime loans to package in 2005 so they took what they could get.

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I don't think Sanders actually knows what Wall Street is. [View all] hill2016 Nov 2015 OP

Oh yes, we're all stupid and so is Bernie. n/t Avalux Nov 2015 #1

sure hill2016 Nov 2015 #2

What I heard is that Hillary DOES NOT support re-instating Glass-Steagall. Avalux Nov 2015 #4

huh? hill2016 Nov 2015 #6

Awww...you still haven't figured it out, have you? Avalux Nov 2015 #7

sorry hill2016 Nov 2015 #8

About what? I don't bite bait. n/t Avalux Nov 2015 #9

No, it wouldn't have - because it had been gone for so long Fawke Em Nov 2015 #31

Their mortgage based derivatives were wide scale fraud Mnpaul Nov 2015 #17

so hill2016 Nov 2015 #18

Countrywide Mnpaul Nov 2015 #20

so the bogus stuff hill2016 Nov 2015 #23

Wall St. sold them as AAA based derivatives Mnpaul Nov 2015 #24

yeah well hill2016 Nov 2015 #27

I paid my mortgage to CitiMortgage for quite a long time, that is WALL STREET LSK Nov 2015 #32

Hillary is probably getting her answers fed to her from wall street. putitinD Nov 2015 #3

Tonight she'll report back to them. 840high Nov 2015 #55

Serious. He sounds stuck in a loop. bravenak Nov 2015 #5

O'M and BS are both stuck in the 1990s. DURHAM D Nov 2015 #13

I'd say 60's for the one and 90's for the other. bravenak Nov 2015 #14

I'm surprised that people think ONLY the WTC was damaged that day. Ignorant. bettyellen Nov 2015 #10

The financial district of the World was effectively out of business.... Historic NY Nov 2015 #37

So many thousand businesses below Canal St- many of them small were decimated... bettyellen Nov 2015 #39

Exactly, we would drive down there from upstate to patronize the coffee shops, or sandwich places.. Historic NY Nov 2015 #53

Yep, for the first time in my life I missed the tourists. Took a long time to get them back. bettyellen Nov 2015 #54

Hillary was right too Gman Nov 2015 #11

She was certainly on the "right" Fearless Nov 2015 #26

Bottom line ... earthside Nov 2015 #12

Their business model is fraud. PowerToThePeople Nov 2015 #15

If it weren't for those hucksters.... PosterChild Nov 2015 #45

... PowerToThePeople Nov 2015 #46

I like your reply . ... PosterChild Nov 2015 #52

She's right but wrong MFrohike Nov 2015 #16

without the CFMA Act(which passsed at the same time) Mnpaul Nov 2015 #19

Is Sanders going to say he voted for the Commodities Futures Modifications Act which played a big Thinkingabout Nov 2015 #21

obviously you are naive? Rosa Luxemburg Nov 2015 #22

Best joke I've heard all night! Would you like a few more straws to grasp at?? Fearless Nov 2015 #25

do you actually hill2016 Nov 2015 #29

Do you know how to ask actual questions? Fearless Nov 2015 #33

so hill2016 Nov 2015 #47

A reply to nonsense? There is no reply to nonsense except to shake your head Fearless Nov 2015 #49

I would advise you to stay away from Sanders though hill2016 Nov 2015 #50

Like I said, you have no idea what you're talking about. Fearless Nov 2015 #51

Did you miss the whole derivatives housing crash thing??? LSK Nov 2015 #28

as Hillary explained hill2016 Nov 2015 #30

You really don't know how Wall St. works do you? Fearless Nov 2015 #35

seperating savings and loans from risky business aka derivatives would have prevented a lot LSK Nov 2015 #36

I'm pretty sure now Clinton supporters mmonk Nov 2015 #34

and how much are you willing hill2016 Nov 2015 #41

Now I understand your support of Hillary. n/t Avalux Nov 2015 #42

But do you understand wall street ? Nt PosterChild Nov 2015 #48

that is actually hilarious! DianeK Nov 2015 #38

the answer he gave on national tv hill2016 Nov 2015 #40

you are showing your age DianeK Nov 2015 #43

I'm guessing hill2016 Nov 2015 #44

Obviously you don't. What a waste 840high Nov 2015 #57

i think hill2016 Nov 2015 #58

go read your 2 books 840high Nov 2015 #56