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Senator Warren Gets Taken
In by a False Analysis

American Magazine, by Peter J. Wallison and Edward J. Pinto

Original Article

Posted By:eagleblurst, 3/17/2014 12:07:35 PM

Last week, in a speech to the National Community Reinvestment Coalition, Senator Elizabeth Warren noted that an academic paper published by the St. Louis Federal Reserve was “proof” that the affordable housing goals did not contribute to the subprime mortgage boom. We have seen this paper before and advised the authors that it was based on a faulty understanding of how the housing market worked during the period they covered. However, the paper was not modified in any substantial respect... [Snip]

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Reply 1 - Posted by: bamapreacher, 3/17/2014 12:24:42 PM     (No. 9772274)

She would have said exactly the same thing even if she knew for certain the data was false. She´s an evil liar.

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Reply 2 - Posted by: The Architect, 3/17/2014 12:25:28 PM     (No. 9772275)

"Fauxcahontas" strikes again.

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Reply 3 - Posted by: JonR, 3/17/2014 12:34:36 PM     (No. 9772293)

Like Obama, another example that you cannot make a silk purse out of a sow´s ear!

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Reply 4 - Posted by: BeatleJeff, 3/17/2014 12:54:39 PM     (No. 9772318)

Facts don´t matter to Marxist true believers like Sacajaliar. Not the first time she´s used debunked reports to push an agenda.

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Reply 5 - Posted by: Jethro bo, 3/17/2014 1:02:38 PM     (No. 9772326)

Senator Lieawatha taking in by a lie. Now that´s funny!

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Reply 6 - Posted by: lylacat, 3/17/2014 1:03:16 PM     (No. 9772328)

I watched in disbelief with my own eyes. I saw people with NO money buy $900,000 homes, nothing down, interest only, and they actually got an extra $50,000 with the loan, which they used to buy new cars. Of course, after three years they could not even afford to pay the interest, so they quit paying and lived another three years in the house for free. You cannot sell things to people with no money and expect that they will eventually pay off the loan. Stupid!!

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Reply 7 - Posted by: Blue-Z-Anna, 3/17/2014 1:04:19 PM     (No. 9772333)

First then bankers were accused of "Red Lining" or refusal to lend to unqualified prospects.

Then they were prosecuted for "Predatory Lending" when they did as the government mandated.

The health insurance companies will soon face the same fate for sleeping with the government.

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R-VAR_AD
  


 
Reply 8 - Posted by: oh-heck, 3/17/2014 1:09:00 PM     (No. 9772339)

She was misled by her cheekbones into thinking she was Cherokee. Imagine how easy it would be to swindle her with a paper that supported her position. Can we really expect our Senators to check the literature when they don´t have time to read the very bills they write?

The answer is that we can if we select our candidates instead of letting the national parties and press select them for us.

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Reply 9 - Posted by: Scottyboy, 3/17/2014 1:15:30 PM     (No. 9772347)

The entire progressive / liberal / leftist ideology is built on a foundation of lies, distortion, false assumptions, magical thinking and garden variety horse poop.
The fact that this Warren woman, or any of the progs. can still take themselves seriously after the economic devastation wrought by their messiah, King Barack . . . . . only further demonstrates that they are afflicted with a mental disease.

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Reply 10 - Posted by: Chas in Jax, 3/17/2014 1:28:01 PM     (No. 9772358)

I wouldn´t buy a used teepee from that woman.

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Reply 11 - Posted by: Italiano, 3/17/2014 1:39:39 PM     (No. 9772369)

A seriously stupid woman. As a Democrat, that makes her Presidential material.

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Reply 12 - Posted by: krause, 3/17/2014 1:52:35 PM     (No. 9772384)

I was aware that local banks could make these sub-prime loans because F&F said it was OK, and that they would buy them.

If a quasi-governmental bank told a local bank that they would buy these loans, how can you blame the local bank for making the loan?

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B-G1


 
Reply 13 - Posted by: mickturn, 3/17/2014 1:54:09 PM     (No. 9772389)

Mental Defectives are so easy to fool...

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Reply 14 - Posted by: Grampstosix, 3/17/2014 1:54:12 PM     (No. 9772390)

Sadly the sub prime lending is back in operation but it is not being widely reported thanks to media collusion.

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Reply 15 - Posted by: snowoutlaw, 3/17/2014 1:54:13 PM     (No. 9772391)

If she said it, that´s all the proof I would ever need to know that the truth is the opposite to whatever she said. Besides I lived through the whole Democrat plan to cause the subprime mortgage problem, from Carter to Clinton they worked decades to cause the meltdown.

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Reply 16 - Posted by: vhs68, 3/17/2014 2:04:52 PM     (No. 9772408)

Eliz. Warren is a total moron.
She makes Hilary look like Einstein.



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Reply 17 - Posted by: 4Justice, 3/17/2014 2:37:28 PM     (No. 9772438)

Why would any financial institution get involved in sub-prime lending again?? Do they expect to be bailed out still??

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R_DBL_B
  


 
Reply 18 - Posted by: steph_gray, 3/17/2014 2:37:44 PM     (No. 9772439)

Yes #16. Joe Biden in a dress.

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Reply 19 - Posted by: leonardo, 3/17/2014 2:43:44 PM     (No. 9772448)

Electing stupid progressive liars (but I repeat myself) like Warren to positions of power is itself kinda stupid. But apparently a majority of Americans are now so dumbed-down that they can be conned by anyone as long as free stuff, social justice and race are included in the snake-oil.
We have identified the enemy and they are US.

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Reply 20 - Posted by: Blunderbuss, 3/17/2014 3:01:17 PM     (No. 9772477)

Only in the wonderfull state of massive two shizz would such a bumbling faux pocahantis get elected and demonstrate to the world her actual intellectual incompetence. The people of MA deserved what they vote for.

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Reply 21 - Posted by: nevernaught, 3/17/2014 5:12:50 PM     (No. 9772638)

The fake Indian speaks again with forked tongue.

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