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View Diary: Ending the Flood of Foreclosures:  Reform Financial Regulation (132 comments)

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  •  What meme...? (0+ / 0-)

    The "we are going to save the homes of middle class Americans from the evil bankers" meme

    It sounds good...but it's not reality based on actions...

    •  i'm sorry you feel the way you do about Brunner (0+ / 0-)

      is there a model candidate you like? or a proposal you'd like to see made?

      •  It's not just Brunner....it's Dems as a whole... (1+ / 0-)
        Recommended by:
        mos1133

        Proposals...as far as housing...I would like to see stronger capital and buyback requirements for any house lender ie: any loan a lender makes he's on the hook for buying it back from Wall Street for 5 years at face value...I would also like to see them re-instate capital requirements...during the Tarp and Bail-Out fiasco the removed the small percentage of a point that it was to zero...a Democrats doing...I'd like to see it stiffer then what it was in Glass-Steagal maybe a point or a point in a half...that way lenders have skin in the game and underwriting standards would improve dramatically and almost overnight...providing a better product to citizens

        I would also like to see all the moratoriums and other nonsense stop...and let the chips fall where they may...let the banks eat it...if people need assistance to transition to new housing, then set up a program to provide first, last and a security deposit for a rental, in the most dire of circumstances...but for the most part if someone has stopped making their payments, they should be able to scrape that up...

        The moratoriums for the most part all they do is provide a false floor on the market keeping prices inflated and banks don't pay for failure...we have to stop rewarding corporate failure...because the only losers in that game is the American public...

        But first and foremost on any politicians agenda should be re-establishing the manufacturing base in this country and quit letting China and other countries manipulate trade agreements to their benefit and our demise...until we do that housing doesn't really matter...

        And it's one thing to say jobs, jobs, jobs...but it's quite another to say re-establishing the manufacturing base to create these jobs

        •  these things you've mentioned make a lot of (2+ / 0-)
          Recommended by:
          bruddaone, OHknighty

          sense and I agree with them...and I think part of the problem which Brunner is addressing is the influence of monies from the banks to campaigns and politicians that is fucking up our chances at regulation.  That is one of the action parts of her post.

          It also sounds like the trade issues you raise are why we can't afford to have Portman in there...he was influential in our trade programs that help America lose the manufacturing jobs in the last 15-20 years.  I'd love to see glass-steagal come back in full force.  So we're in agreement.  Hope you're not having the snow I'm having right now.

          •  Campaign Finance Reform.... (1+ / 0-)
            Recommended by:
            mos1133

            I would give arm and leg to see real hard hitting campaign finance reform, but again it's one of those things that politicians say to get elected. Once they get in, they forget about it why...? It's too easy to sell votes to raise funds then actually call citizens in your respective region...it's easier to appease the corporations...so I take any politicians commentary on that with a huge grain of salt...

            Republicans have been America's worst enemy the past 20 years in regards to trade issues and manufacturing, but the reality of it is,Dems are not that far behind them on it...I'd like to see that change...

            LOL...no snow...I'm in California...the sun is out and it's 80 degrees....ahhhh....LOL....sorry I couldn't resist...;-)

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