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View Full Version : Did robmoney see the crash coming?



truthmatters
10-08-2012, 07:44 AM
Was he one of the few like me who warned people of the impending mess?

If not why would anyone vote for him?

truthmatters
10-08-2012, 07:48 AM
If he is this great economic mind and can fix everything why could he NOT see this mess coming down the pike?

patrickt
10-08-2012, 07:51 AM
Who?

truthmatters
10-08-2012, 07:57 AM
the republican candidate for president could NOT see this mess as it built.

Your previous president couldnt either even though he was warned about it

Mainecoons
10-08-2012, 07:59 AM
Actually, when the market hit 14,000, Glenn Beck went on the air and told everyone to sell. I sure as hell wish I had taken his advice.

Beck definitely saw the crash coming.

truthmatters
10-08-2012, 08:01 AM
then why did he cheer the build up?

Mainecoons
10-08-2012, 08:02 AM
Have no idea what you are asking. You really need to learn how to write better.

truthmatters
10-08-2012, 08:04 AM
No maybe you need more brain cells that still function .


Glenn beck told you to sell on what date?

then on what date did he start pimping gold?

Mainecoons
10-08-2012, 08:08 AM
Did you forget your meds this morning?

Beck advised selling shortly before the crash. Don't remember the exact date but it was only a few weeks before.

He was right about gold too. Nearly a 50 percent gain there since he started "pimping" it.

truthmatters
10-08-2012, 08:25 AM
dates matter

go get the dates

truthmatters
10-08-2012, 08:27 AM
So BECK cheered the build up of the mess by backing Bush and then RIGHT before everything in the stock market went down the tubes he started pimping gold.

I bet is wealth has gone up dramatically in those years huh?

Peter1469
10-08-2012, 08:35 AM
So BECK cheered the build up of the mess by backing Bush and then RIGHT before everything in the stock market went down the tubes he started pimping gold.

I bet is wealth has gone up dramatically in those years huh?

TM, the housing bubble and the financial collapse were not partisan events. We all screwed the pooch. And we aren't out of it yet. Worse crashes are coming.

truthmatters
10-08-2012, 08:38 AM
http://www.sec.gov/news/press/2007/2007-190.htm


SEC Votes for Final Rules Defining How Banks Can Be Securities BrokersEight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be ImplementedFOR IMMEDIATE RELEASE
2007-190Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.

truthmatters
10-08-2012, 08:39 AM
for 8 years the Bush sec held back the broker rules.

If they had been in place this crash wouldo not have happened

Peter1469
10-08-2012, 08:44 AM
for 8 years the Bush sec held back the broker rules.

If they had been in place this crash wouldo not have happened

That was one of many problems that contributed to the crash. What about the artificially low interest rates?

truthmatters
10-08-2012, 08:53 AM
the crash happened under Bush.

did he manipulate the interest rates

Peter1469
10-08-2012, 10:22 AM
the crash happened under Bush.

did he manipulate the interest rates

His chairman on the federal reserve did.

truthmatters
10-08-2012, 10:24 AM
so Bush is at fault?

truthmatters
10-08-2012, 10:25 AM
That was one of many problems that contributed to the crash. What about the artificially low interest rates?


a breakthrough.


Now that you have decided to start accepting the facts presented you tell me WHY the Bush SEC did this?

Peter1469
10-08-2012, 10:38 AM
so Bush is at fault?

In part. Not in whole.

Peter1469
10-08-2012, 10:39 AM
a breakthrough.


Now that you have decided to start accepting the facts presented you tell me WHY the Bush SEC did this?

Because they / he believes that government monetary policy can prevent recessions. Clearly, they are incorrect.

What do you think about that?

hanger4
10-08-2012, 11:00 AM
Truthmatters, you really should read a lot or articals on the interwebs by economists, you'll soon realise the housing bubble rise and collapse was an all encompassing debacle and not a left vs right partisan talking points memo.

truthmatters
10-08-2012, 11:05 AM
deregulation caused it.

Bush's SEC held back the regulations in Gramm leach biliely.


Yes rules matter

Peter1469
10-08-2012, 11:25 AM
deregulation caused it.

Bush's SEC held back the regulations in Gramm leach biliely.


Yes rules matter

The deregulation that contributed to the crash was in 1999. Remember? You mentioned it this past weekend. What did Bush have to do with that?

hanger4
10-08-2012, 11:33 AM
The deregulation that contributed to the crash was in 1999. Remember? You mentioned it this past weekend. What did Bush have to do with that?

I would emphasize contributed.

truthmatters
10-08-2012, 11:51 AM
http://www.sec.gov/news/press/2007/2007-190.htm


SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers

Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented

FOR IMMEDIATE RELEASE
2007-190

Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.

why do you people keep pretending I have not posted this

truthmatters
10-08-2012, 11:54 AM
Bush's SEC held back the broker rules for 8 years after the passage of GLBact


that meant the brokers no longer were required to have a licence and the banks could sell securities UNLIKE in the past.


They could have NEVER made money off the sub primes if they couldnt sell them to unsuspecting buyers.

If the Brokers had to be licenced they would have refused to sell the tainted securities becasue they would fear losing their licenses and going to jail for fraud.

Peter1469
10-08-2012, 01:42 PM
Right. Only part of the problem. Get with the program.

GrumpyDog
10-08-2012, 10:57 PM
It appears that the Bush Administration deregulated TOO much, and gave a Tax cut at the WRONG time, in the middle of having to spend MORE for a couple of wars. And there was the 911 event which still has a lot of unanswered questions.

Obama, then, on taking office, overreacted due to the Great Recession, and tightened up regulation TOO much, AND the Bush Tax cut was allowed to continue, rather than expire. Plus, the decision to solve Health care by taking advantage of a Democrat majority Congress, only caused the Republican Tea Party to be created, which then took back the House in 2010, and stalemate ensued from that point forward. Neither tax revenue was restored, nor were any agreements made to cut spending.

But our Congressmen, Republican and Democrat alike, are still seen on the golf course, and are still laughing and enjoying themselves at our expense. Obama and Romney, are giving us all kinds of BULL that just does not add up.

SO.. WTF are we the ordinary people supposed to do? Are we supposed to believe the guy who has already been caught on tape blaming 47% of the population getting government checks? Or are we to blame the guy who cannot acknowledge the National Debt is now 16 Trillion?

Maybe it is time for Jesse Ventura to be an upset candidate, and jump in at the last minute? LOL! I would vote for the guy, just to upset the whole establishment of elites.

coolwalker
10-09-2012, 09:03 AM
No maybe you need more brain cells that still function .


Glenn beck told you to sell on what date?

then on what date did he start pimping gold?

Doubtful that you listen to talk radio, but it was more than a year ago when he said it. For the exact date, Google it.

truthmatters
10-09-2012, 09:11 AM
you can find out you just are too lazy or already checked it and dont like what the information shows you

Calypso Jones
10-09-2012, 09:23 AM
Was he one of the few like me who warned people of the impending mess?

If not why would anyone vote for him?

really? you warned everyone? Can you prove this? Same can be said for Obama. He claimed he could fix it. He made it worse. Why would anyone vote for him.

coolwalker
10-09-2012, 09:26 AM
really? you warned everyone? Can you prove this? Same can be said for Obama. He claimed he could fix it. He made it worse. Why would anyone vote for him.

Yep, truthmatters is nationally known for her brilliance and foresight. Didn't you know that!

hanger4
10-09-2012, 10:40 AM
really? you warned everyone? Can you prove this? Same can be said for Obama. He claimed he could fix it. He made it worse. Why would anyone vote for him.


She's already tried in another thread but her dates are all wrong.


Here's her link;


http://www.justplainpolitics.com/showthread.php?45154-do-you-guys-remember-when

truthmatters
10-31-2012, 07:29 AM
Nope the dates are not all wrong.

why do you pretend that in the face of cold hard facts?

Cigar
10-31-2012, 08:10 AM
Actually, when the market hit 14,000, Glenn Beck went on the air and told everyone to sell. I sure as hell wish I had taken his advice.

Beck definitely saw the crash coming.

Not his Rating :biglaugh::biglaugh:

truthmatters
10-31-2012, 08:42 AM
He then switched to selling gold for profit

Peter1469
10-31-2012, 09:00 AM
I wish I had started buying gold when it was ~$300 per ounce.....

truthmatters
10-31-2012, 09:21 AM
hey what year was that that Beck told you to sell sell sell?

Chris
10-31-2012, 09:30 AM
Who is robmoney?

truthmatters
10-31-2012, 09:33 AM
no one knows and that is pretty much the point

Chris
10-31-2012, 11:23 AM
Ah, OK, I thought you were saying something significant. Sorry for thinking that.