US US Politics General 2: Hope Edition - Discussion of President Trump and other politicians

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Should be a wild four years.

Helpful links for those who need them:

Current members of the House of Representatives
https://www.house.gov/representatives

Current members of the Senate
https://www.senate.gov/senators/

Current members of the US Supreme Court
https://www.supremecourt.gov/about/biographies.aspx

Members of the Trump Administration
https://www.whitehouse.gov/administration/
 
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deleuzeon said:
Nobody's holding a gun to your head and forcing you to buy ownership in companies while they're discounted. Totally your decision to make. You can buy when things are going great if you'd prefer.
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I still wouldn't even with a gun to my head. Stock market valuations have been the Land of Make-Believe for 25 years and we're nowhere near bottom, There are far better places to put my money. Lead is one.
 
AnitaSarsleezian said:
Basically the banks just started handing out loans to every nog and spic who walked in the door knowing that they couldn't afford it because the banks wanted the property. Most of these people defaulted by the 2nd payment and the banks took their houses. This is how, when you look up at how much property banks own, it's staggering. It was all a plan to transfer assets to banks.
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This isn't how it works.

In today's world the bank you originate your mortgage from doesn't hold onto that loan for very long. Probably not even 24 hours once they disburse the money and get you into the loan. It is sold off to other entities immediately as part of other investment packages. Loan service providers such as Mr. Cooper in the USA are corporate entities whose sole purpose is to retrieve the cashflow relative to that mortgage, If you default that loan is again sold for pennies on the dollar to collection agencies and so on. Getting the property is the last thing they want to do in most cases.

After 2008 it still works this way. They just don't give loans out to everyone with a pulse as much anymore. On the other side homebuilding in general is not as hot as it used to be. Hence the substandard housing supply driving up prices along with other factors. The USA is like ~5 million houses short of where the supply should be in regards to population growth/immigration. This has been the case since 2008 now.
 
SpergioLeonne said:
What, should he have stood in congress to get speech and debate armor buffs?
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Maybe you've never noticed in your life, but usually when public figures talk about buying or not buying assets they couch everything in "this is not financial advice." It's great seeing the President (leader figure) totally ignore that gay shit.
 
deleuzeon said:
Just tweeting out financial advice with zero disclaimer. So funny having a living president again.
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We have the first president in a long time who noticed that according to the constitution the president can do whatever the fuck he wants as long as he doesn't get impeached.

I guess Bill Clinton noticed too, but all he wanted was sex with fat chicks.
 
Necrosan said:
Fed the country to the wolves and now they are angry that the new generations are fighting for the scraps that are left.
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You know what is really hilarious about all these people having to turn around and defend the globalist economy?

They have basically turned into Elon and Vivek from back in December over the H-1B issue.

They swore up and down Americans don't want to work, that they wouldn't possibly work these lower level jobs.
But that has thoroughly been proven to be not true.
These more grueling and demanding jobs typically pay good money as long as they're not in a country where they can short people ( AKA a majority of the third world) by not having any sort of standard in terms of production.

And that's without even mentioning how what's revealed to be a major, if not the major, defense that America Bank rolls to the rest of the 1st World.
 
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