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Response to UglyGreed (Original post)

Thu Mar 10, 2016, 11:26 AM

1. I posted about this before:

Hillary comes along in Dec 2007.

Hillary in part blamed the homeowners and then she said to Wall Street "cut it out"

Now look at the above chart. Don't you think she was a few years too late? These mortgages were already sold and falling apart. Her husbands removal of the regulations that Bernie fought against and would have secured them had been taken away.

Hillary hopped on that bus way too late.

Sanders’ ad makes specific mention of Goldman Sachs’ recent $5 billion settlement with federal government over toxic mortgage bonds, which relates to the firm’s securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007.
“Our economy works for Wall Street because it’s rigged by Wall Street,” Sanders' ad states.

“How does Wall Street get away with it?” Sanders’ ad asks. “Millions in campaign contributions and speaking fees.”

Goldman Sachs, remember them? The folks who pay Hillary $250,000 per hour to speak to their employees. And have contributed millions to her campaigns and the Clinton Foundation.

You want to know where Bernie has been on mortgages and housing:
Sanders and the Progressive Coalition quickly sought to develop institutions and programs that would have a lasting impact on the community. The Progressives decided to make affordable housing a signature issue. Things got off to a rough start when their proposal for rent control was voted down after a coalition of property owners and establishment politicians hired a professional consultant to defeat it. With rent control off the table, and federal funding in short supply, the Progressives had to turn to more creative measures to address the housing crisis.

In 1983, they created the Community and Economic Development Office (CEDO), a permanent community-development office that would set development goals and initiate creative projects. CEDO initially focused on three areas of housing policy: protecting the vulnerable, preserving affordable housing, and producing affordable housing. While these goals sound typical of many municipal development authorities, CEDO's strategy was distinctive. It sought to decommodify residential property, ensure its housing projects would be permanently affordable, and actually empower residents. Its most important initiative, and the key to all of these goals, was the Burlington Community Land Trust.
This model gives the buyer the benefits of homeownership (including the tax deduction for mortgage interest, wealth accumulation through equity, and stable housing costs) that would otherwise be beyond her means. In return, she gives up the potential of windfall profits if the market keeps rising. BCLT recently published a study of the first 100 trust homes that were sold to a second generation. "The implications were very powerful," says Brenda Torpy. "The initial homebuyers realized a net gain of 29% on the money they had invested. Our homeowners were taking an average of $6,000 with them. These aren't the sky-high returns that some people have come to expect from the housing market, but these were people who would never have entered it in the first place." That's because most BCLT homeowners "would never have been able to buy homes otherwise, even with existing federal and state programs," explains Torpy. "For many, we are a stepping stone between renting and homeownership."
BCLT homeowner Bob Robbins says, "I think every community should have a land trust--not just as a fringe option but as the dominant model to keep housing affordable."

Ten years before Hillary showed up in Washington, Bernie was finding successful ways for people who couldn't afford the conventional offerings to own homes without them getting ripped off by Goldman Sachs. He was the first in the entire country to do so.

Under Sanders, Burlington became the first city in the country to fund community-trust housing.[61]

Hillary hangs with and takes money from people who scam poor home owners. Bernie finds safe ways for those same kinds of people to own a little part of the American dream without getting ripped off. Bernie was effectively telling these pricks to cut it out and finding good solutions for these people 26 years before Hillary ran for media cover on Dec 2007 when it was too late and the wheels were falling off the economy.

Bernie's fight for this kind of housing didn't end there. In 2001:
The tri-partisan National Housing Trust Fund Act is co-sponsored by Bernie Sanders (I-VT) and John McHugh (R-NY).

And they finally got it:
The National Housing Trust Fund was established as a provision of the Housing and Economic Recovery Act of 2008, which was signed into law by President George W. Bush. The passage of National Housing Trust Fund legislation is a major victory for low income housing advocates and the lowest income people in our country with the most serious needs.

That's a stark difference between the two candidates. Bernie had vision and solved the problem for his constituents. Hillary got some video of her trying to stop the greed problem by the people who fund her - long after the point when it was way too late.

As human beings, to me, the difference between them is night and day. Bernie's honest and he sincerely cares to do good things for the people he represents - particularly the poor or disadvantaged. Hillary is not honest and is like the kid in school who liked to run the United Way program - not so much because of the good it would do for others but because of the good it would do for her when others take notice of her.

Hillary wants to be the first woman president. Bernie wants a bunch of bad crap to stop happening to the people around him.

The differences cut right to the core of who they have been as people all their lives and why they have done what they have done all their lives. Hillary represents American aristocracy and the power and entitlement of the wealthy. Bernie represents the proletariat, working and middle class who have been getting the short end of the stick for the last number of decades.

If you're part of the American aristocracy, you should vote for her. She has your best interests at heart. But if not, you ought to look closer at what Bernie is really about because the heavy odds are, in some way, he's either got your back or he's in your corner.

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UglyGreed Mar 2016 OP
LineNew Reply I posted about this before:
Jarqui Mar 2016 #1
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