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TOPIC: WTF
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Got to the tar pits. Actually misnamed. Tar is man made. More accurately asphalt.

Why the WTF?

From a square about the size of a city block on each side, they have pulled 5.5 million fossils out of the asphalt...

Fullerton CA
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*you DO realize not all unions are the SEIU, right?* Or do you believe the terms are synonymous?

Fair Oaks TX
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2for not when Obama was president. He hammered the Tea Party leaders with the IRS auditing all of their family and busienses and s sizing their banks accounts. Obama had OSHA shut down their business for months.

In California professional Democratic paid thugs beat up Trump supporters at Trump rallies while the SEIU cops just sat there and watched.

In America under Obama we became the Soviet Union with an all powerful all corrupt govemnt. Obama had all of the Republicans under surveillance at all levels of govement.

What is the difference between Obama's goverment and the Soviet Union?

Las Vegas NV
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That's one of the good things about the US. Every one has a right to their views and the right to express those views no matter how stupid they may seem to others.

Honolulu HI
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PSA: Please don't feed the animals.

Little Egg Harbor NJ
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PLEASE Clinton caused the housing bubble and the dot com scam. Frank Dodd is designed to put all the small community banks out of business so only the handful of big Wall Street banks control all the money in America.

Frank Dodd and the zero percent interest rate are also designed to put the life insurance industry out of business and concentrate all those cash reserves into the Wall Street banks.

How stupid are you people? Democrats are going to control every aspect of our lives and make us all slaves to them..the government.

Thank God Trump won..we still have a chance of staying a free people.

Las Vegas NV
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Must reads on this topic, (or at least the movies): Too Big To Fail and The Big Short. Fairly accurate depiction of what really happened.

Current, you sound like a Mortgage Banker who lived through the crash..... credit default swaps.... talk about covering your bet!

And people wonder why we have Dodd Frank legislation.

Parsippany NJ
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Current, after working briefly in secondary marketing for a bank, i totally get your explaination. I knew part of it, and the rest is a natural extension. I predicted the housing market bubble bursting six years before it finally happened.

Fair Oaks TX
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Current what does the words red line districts mean?

Las Vegas NV
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Nutcracker,

You are a political conspiracy theorist, not an economist. And a pretty whacky one at that. Liar loans were created because no one was watching the banks and because there was massive demand for them to feed the insatiable market for collateralized debt obligations. The coupon on these bonds (CDOs) was high but unsustainable due to the glaring inability of the noteholders to pay the notes (a fact intentionally overlooked by the issuing banks because they had no intention of holding any of the notes or bundles securities as investments). That fact was obscured by the fraudulent ratings bestowed on the bonds by the ratings companies. They were paid for these ratings not bribed. It's an important distinction in that they were co-conspirators, not innocent parties enticed by inducements.

So if the banks made money as you said by selling these all over the world (They did of course. And the joke at Deutsche bank was "Whose buying this crap? Dumb money from Dusseldorf I guess!") then how could they lose? If they sold bets against their own crappy bonds underwritten by AIG, it's easy to see how AIG got its ass kicked but why did the investment banks? When they bought their own bets (credit default swaps) back it's easy to see how they didn't make a killing as they hoped betting against their own crappy bonds because AIG went belly up before they got paid. Still, how did they lose? The answer is that they forgot to let their own companies in on the massive fraud/joke. The "Dumb money from Dusseldorf" turned out to be dumb money from Deutsche Bank. All sorts of people in the bond departments of these investment banks couldn't believe the returns they were getting on triple A rated securities. And the poor dears were holding tens of billions of dollars worth of these gold plated dog turds when the wheels fell off.

So...how exactly was this Bill Clinton's fault?

Wenatchee WA
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TOPIC: WTF
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