Aurora shooting: ABC News draws possible Jim Holmes Tea Party connection - POLITICO.com: Agree?

The housing bubble and the recession was caused by unregulated derivatives. Banks would buy mortgages, combine the mortgages together and sell them (derivatives) without telling the buyer the risks. The bank initially making the load to the consumer didn't have any risk because however bad the loan was someone would buy it, therefore a lot of sleazy loans were written (unregulated market forces), The loan writer would sell the loan to other banks that would repackage them and sell them (usually to other banks) without informing the buyers of the risk. So with mortgages being so easy to get, home prices went up (artificially). So in the end, what happened is that all these banks had billions of extremely risky investments on their books and they didn't even know it because people who were selling these repackaged risky loans were also unknowingly buying them from other banks. In 1998, Brooksley Born warned a Republican congress 4 times about derivatives and their unregulated dark market.


So the summary is, it is the anti-regulation rhetoric that caused the great recession by allowing securities to be bought and sold without having to disclose the risk of the investment.

Your sheople belief that it was solely "central planners compelling banks to provide home loans to people who couldn't afford them" is ridiculous. In fact, there was no need to compel banks to make risky loans because there was no risk to the bank making the loan, some other big bank would buy them regardless of the risk. Shows how retarded you are. Your other right winged talking points are just as ridiculously spun. I suggest you learn how to count past potato.

"Will you admit that the Koch brothers fund the Tea Party?"

All of the rallies I've been to have been funded from within. Frankly, I don't see why people are so bent about the Koch brothers supporting a political movement. The same people who are constantly shrieking about the Koch bothers don't seem to have an issue with high rollers funding progressive agendas.

"Will you admit that the tax rate is the lowest it has been in decades?"

The top marginal tax rate has been between 35% and 39% since 1986, that's high. Before that it was 50% or higher, that's too damned high.

"Will you admit that the Tea Party is anti-union but Pro-ALEC (elitist union) by attacking working class unions but remaining silent on elite unions like ALEC?"

The Tea Party opposes public service unions because they negotiate for higher wages without the employer, the tax payers, even being present. It's a money laundering scam between the democrat party and the public service unions. Private sector unions are corrupt as hell too, but at least the employer gets a seat at the table during negotiations.

"Will you admit the Koch run Tea Party fights to continue to cut support for services that will get laid off workers retrained, get them back to work, that will feed their families, that will keep them in their homes AND the Koch run Tea Party continues to support the elite uber-rich paying less in taxes than the workers that they laid off?"

Yes, we want dirty air and water too.

[sarcasm]

Why should tax payers pay to train and feed workers? If a wealthy person pays a lower income tax than his employees, it's because his income is derived from investments which have already been taxed. Can you tell me why personal wealth should be taxed more than once?