Workers in Red States change jobs more often than Blue States

Author: IwantRooseveltagain

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#61
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@TWS1405_2
Actually, looking at the BBB bill, Biden actually about quadrupled the corporate giveaways. 245 Billion for the banks through TARP vs the 1.2 trillion, much of which was scattered to the private sector through corporate subsidies and corporate welfare, especially in the green energy sector.


Edit, I forgot to add all the smaller Tarp bailouts.

Ok, guess both bills were pretty close as far as corporate giveaways go.
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#62
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Actually, looking at the BBB bill, Biden actually about quadrupled the corporate giveaways. 245 Billion for the banks through TARP 
WTF are you talking about? The program known as TARP doesn’t exist anymore 

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#63
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Calling Barney Frank an idiot isn't productive to a constructive dialogue.
Frank isn’t the idiot. He never suggested getting rid of Fannie and Freddie. That was the conservatives in Congress. The Republicans. When they couldn’t close the GSEs down they tried to privatize them. They were in the process of turning them into for-profit corporations when the housing crash hit.

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#64
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Corporate welfare. As Frank, FDR, and Mussolini supported.
TARP doesn’t exist anymore. You said the BBB funded banks through TARP. Do you know what TARP is?

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#65
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These books may be beyond the ability of a high school substitute teacher, but you should read Paulson’s book On The Brink, The Big Short by Lewis and After the Music Stopped by Blinder if you want to know what you’re talking about. Otherwise you shouldn’t try to discuss the 2008 Financial Crises.
#66
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There is much evidence to suggest that some executives in the financial industry were aware of the possibility of government intervention or bailouts if their institutions faced significant financial distress. The expectation of potential government support, commonly referred to as "too big to fail," a phrase coined after the fact to describe the bailout assurances the government provided to the banks before the crash, created a moral hazard where executives may have taken on excessive risks, assuming that they would be rescued by taxpayers in the event of failure. This perception of implicit government backing likely influenced decision-making and risk-taking behavior within financial institutions.
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#67
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There is much evidence to suggest that some executives in the financial industry were aware of the possibility of government intervention or bailouts if their institutions faced significant financial distress. 
That is certainly true for mortgage backed securities sold by the GSEs.

There certainly was the history of the S&L bailouts during the Reagan Administration which was the largest bailout to date before the Bush bailouts

commonly referred to as "too big to fail,"
Again, just like TARP, that term came after the crisis began

This perception of implicit government backing
That was for investors buying MBSs from the GSEs. MBSs from say Goldman Sachs did not have an implicit backing from the US government.
#68
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Frank isn’t the idiot. He never suggested getting rid of Fannie and Freddie
One of the notable initiatives that Barney Frank supported was the affordable housing goals of Fannie Mae and Freddie Mac, government-sponsored enterprises that play a significant role in the housing market.

Government sponsorship is Corporate welfare. As Frank, FDR, and Mussolini supported.

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#69
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One of the notable initiatives that Barney Frank supported was the affordable housing goals of Fannie Mae and Freddie Mac,
Which is fine, as long as the GSEs stuck to their standards of quality when buying mortgages that were originated by private banks. But when mortgage lenders were selling junk to investment banks by the thousands, Fannie and Freddie, now trying to compete as for-profit corporations in their transition, panicked and joined the sub-prime party, risk and standards be damned. It was fine for a while until it all collapsed and the GSEs were put into receivership. The plan to privatize them is now on hold indefinitely.

Government sponsorship is Corporate welfare.
Without GSEs, your mother never would have owned a house, and you would be renting right now in your middle-age. So I guess you are on welfare then.

And the GSEs are not corporate welfare because they are not corporations. They are quasi-government agencies 

I think you need to do some reading before continuing this conversation.

#70
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Government sponsorship is Corporate welfare. As Frank, FDR, and Mussolini supported.
#71
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And the GSEs are not corporate welfare because they are not corporations. 
That's a lie.

Yes, Fannie Mae (Federal National Mortgage Association) is a corporation. It was originally created as a government agency in 1938 during the Great Depression as part of the Fascist New Deal. However, in 1968, Fannie Mae was transformed into a government-sponsored enterprise (GSE) and became a shareholder-owned company.
As a GSE, Fannie Mae operates as a publicly traded corporation, but with a unique relationship to the government. While it is a private company with its own shareholders, Fannie Mae benefits from certain privileges and support from the government, including access to lower borrowing costs and implicit government guarantees on its mortgage-backed securities. This special status allows Fannie Mae to play a crucial role in the housing finance system by providing liquidity to the mortgage market and promoting homeownership.

I think you need to do some reading before continuing this conversation.
What kind of books are you reading these days...fanfiction?

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#72
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Fannie Mae was transformed into a government-sponsored enterprise (GSE) and became a shareholder-owned company.
As a GSE, Fannie Mae operates as a publicly traded corporation, but with a unique relationship to the government. 
Wrong. Fannie Mae is a quasi-public corporation established to make a secondary market in mortgages. The firm is privately owned but publicly traded and its shares of common stock are listed on the New York Stock Exchange.
#73
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Government sponsorship is Corporate welfare. As Frank, FDR, and Mussolini supported.