Democrat presidential debate official thread

That was a good article, and I think it underlined the fundamental difference between Warren and me. She blames the banks for the great recession. I blame, mostly, the people that took on mortgages they couldn't afford. These were adults, signing contracts for mortgages, and couldn't hold up their end of the deal.

Is Warren proposing a nanny state, where we don't allow adults to enter into contracts unless the federal government approves them? That's not my America.

"Is Warren proposing a nanny state, where we don't allow adults to enter into contracts unless the federal government approves them? That's not my America."

We really have a different point of view on the mortgage crisis.

This is how I see it:

I would make an offer on a house based on knowing what I could afford.

But during that time, I was competing against buyers who were given mortgage qualifiers way beyond what they could afford. As a profession, it was the lender's job to know what they could afford. And they were bidding up the prices to unrealistic levels.

I would like to see some regulations on what loan originators could do to protect those that did act responsibly.

The mortgages defaulted and the taxpayers bailed out the banks. A number of taxpayers lost their homes or went under water on their mortgages and were not bailed out.

Warren was pretty incensed at the rush to aid the financial institutions and the push back to help the little guy.

She is not meek. She will fight hard for the average American. And it won't be the Trump forgotten man lip service BS.

UsedToBeKnowItAll wrote:

That was a good article, and I think it underlined the fundamental difference between Warren and me. She blames the banks for the great recession. I blame, mostly, the people that took on mortgages they couldn't afford. These were adults, signing contracts for mortgages, and couldn't hold up their end of the deal.

Is Warren proposing a nanny state, where we don't allow adults to enter into contracts unless the federal government approves them? That's not my America.

The banks engaged in repeated fraud in the mortgage securitization process. This allowed them to lend money that they knew was not sound. It was the collapse of the securities, not individual homeowners defaults on their mortgages, that tanked the economy. There are literally hundreds of articles on this. One of the biggest failures of the Obama justice department was not putting some of these guys in jail (along with not jailing the Bush war criminals, many of whom are currently service in the executive branch).

UsedToBeKnowItAll wrote:

Is Warren proposing a nanny state, where we don't allow adults to enter into contracts unless the federal government approves them? That's not my America.

Are you proposing that an economy which allows banks to gamble reckless for high profits and insulates them from losses is appropriate? This is not capitalism but a gross crony distortion of it in which the profits are privatized and debts are socialized.

This also drastically understates the way banks and lenders inflated the bubble intentionally and recklessly through a fraudulent securitization process. They were not some passive victims of defaulting borrowers or even poor judges of risk who got caught through misfortune. They were active causes of the crash.

I think we actually have a similar viewpoint on the mortgage crisis.

Borrowers and lenders both acted irresponsibly. Some lenders did get bailed out, and that's unfortunate.

Here is a list of banks that were acquired or bankrupted during the Great Recession.

https://en.wikipedia.org/wiki/List_of_banks_acquired_or_bankrupted_during_the_Great_Recession

I admit that my personal experiences have some influence on my perception of the whole meltdown. I had multiple cousins that were always showing up at family events in new cars, and talking down to me for being frugal. When the Great Recession hit them, they just declared bankruptcy and walked away from their homes that were way underwater. They had a stain on their credit for 7 years, but now are doing fine again, and overspending again.

What I'm more worried about with Warren is that she will enable lazy Americans at the expense of hard working Americans. Free college for all and forgiving most student loan debt is enabling lazy Americans, in my opinion. You should have some minimum standards of performance, and in my opinion, some service, to earn free college. The opportunity should be there, but it shouldn't be 100% free to the recipient. She says she'll be able to pay for everything by only taxing the wealthy, but I find that hard to believe given the scope and cost of her proposals.

The Dem doctrine: find someone else to blame when something goes wrong.

I share your concerns regarding Warren however my candidate, Steve Bullock, has no shot. I think Warren is the best choice among the top 3 and I will certainly vote for her over Trump.

Of course, Warren knows what has happened, and she happens to be supported by Wall Street.

She's a great talker and debater, but her record for the last 20 years is as a Wall Street capitalist, not a representative of the people - and that's the same way she continues today.

All she's doing on the debate scene is word play, but she would be completely ineffective at making real changes.

It’s not on me wrote:

The Dem doctrine: find someone else to blame when something goes wrong.

great to hear, sure this is coming from a proponent of personal accountability.

I presume you are outraged at all those bankers who committed fraud and did not go to jail?

It's time for all republicans to regain their moral compass and demand to know the answer to the question, what is trump hiding?

Never before has a president acted in a manner to deny information to the public. Every move he makes is either to prevent people from testifying, Documents being released, press conferences ending, executive privilege to hide, lying whitehouse officials, no taxes, and this last prevention of the whistle blower complaint being revealed.

We republicans need to stand and demand to find out exactly what things trump has been hiding.

We have become worse than the democrats.

Hard working middle class American citizen living in “flyover country”, here.

When do I get my free stuff?

Why do I have to pay for everybody else’s free stuff?

Hard Working Middle Class American Citizen wrote:

Hard working middle class American citizen living in “flyover country”, here.

When do I get my free stuff?

Why do I have to pay for everybody else’s free stuff?

Do you pay any attention to what’s happening around you in flyover country?

What state do you live in?

Hard Working Middle Class American Citizen wrote:

Hard working middle class American citizen living in “flyover country”, here.

When do I get my free stuff?

Why do I have to pay for everybody else’s free stuff?

We republicans have given trump a free ride. He can break any rules or laws without fear of accountability. The media is not fair to trump but they are not fake. That is just his excuse when they catch and expose him for doing stuff.

And about 1/2 of we republicans believe they are fake. But 1/2 of us know trump is the crooked fake. Not them. Although 1/2 of us are disgusted by trump we still support him because of the alternative.

It's a no win situation but I feel like we have sold our souls to the devil. The fact the democrats are going to give us warren, further sickens me. Trump or Warren? Choose your poison. If I vote warren, I feel stupid, if I vote Trump I feel dirty.

What you are saying is that 1/2 of the Republicans are dirty and the other 1/2 are gullible.

Another lightweight oxygen thief about to drop out of the race. Get it down to Warren, Sanders, maybe Biden. The rest have got to go.

https://www.nbcnews.com/politics/2020-election/cory-booker-memo-may-not-be-race-much-longer-if-n1057196

Warren knows wrote:

It’s not on me wrote:

The Dem doctrine: find someone else to blame when something goes wrong.

great to hear, sure this is coming from a proponent of personal accountability.

I presume you are outraged at all those bankers who committed fraud and did not go to jail?

Lol, actually I was a banker. I did not commit fraud, and did not go to jail. Had to deal with Warren’s CFPB which was a major pain.

I guess bankers are like cops. Most of them are good peoples. A few rotten apples here and there create a stain on all.

And yes, I’m a proponent of personal accountability over the welfare state.

I don’t support the Republican agenda at all, but I’d vote for almost any Republican over a crooked Democrat like Blagoyavich if faced with a ballot like that.

I can’t respect a decision of someone who would support a farce like Trump just because the opponent is a Democrat.

Republicans could have replaced Trump with Pence last year and washed off some of the slime on their party.

They are now the party of no integrity.

Classic interchange between establishment republican and real hardworking American republican.

Establishment republicans still shell shocked that they got owned by DJT