The 45th POTUS - Donald J. Trump

[McParadigm]

Has any judge yet ruled in favor of the travel ban? Asking for Sally Yates a friend

[Bi_3]

Specifically, they buried all of the data and resources organizations use to police animal abuse behind FOIA walls, making it virtually useless. The official word is that this is a result of a "comprehensive review." Multiple leaks say otherwise.

I'm starting wonder if he was really the best choice for president

[verb_to_trust]

http://trumpdonald.org

[wease]

http://trumpdonald.org

Ha ha. That won't last long.

[dimejinky99]

Almost Brad klausen

[Jorge]

Perhaps this thread needs to just be renamed 'Fuck Trump and if you disagree - fuck you too!'

Sure he's a bit harsh, but that's a dictatorship

[Jorge]

Sorry guys, I'm just catching up now

[ABNorman]

Sorry guys, I'm just catching up now

To be fair, this thread is yuge.

[BurtReynolds]

[Simple Torture]

[McParadigm]

I mean...in, right?

[McParadigm]

Also, these are people that really perceive him as a super-Christian.

Warum?

[McParadigm]

[LetMeSleep]

Trump has basically made our satirists redundant.

[4/5]

One of the main things is lender pressure. Before Dodd Frank and certainly during the 2005 boom there was undue pressure from lenders for appraisers to hit a number. Appraisers were threatened to be blacklisted, lose work, etc. if they didnt hit the numbers the lender needed/wanted. Since Dodd frank and other regulatory changes, appraisal management companies came to the forefront to intercept the lender/appraiser relationship. They are the go-between. That has caused an entirely new set of hassles and headaches in the appraisal process and issues with moving things along but it has nixed a lot of those issues which did absolutel yimpact inflated values and the housing crisis.

I remember a few stories back in the day as well that many lenders were not saving the deeds in many transactions so as far as paper work technicality is concerned - they didnt know actually who owned the property.

Back in Minneapolis there were countless stories of appraiser fraud before this all happened, turns out a few years later it was also on the other end of the process with the lenders/brokers etc.

Inflated values.

Education requirements also increased for appraisers. It was much easier to become an appraiser up through the early oughts. Didnt need a degree, only had to have X amount of hours before being able to take on appraisal assignments. Now a degree is required, more trainee hours a certain type of license to appraise homes over a certain value, etc...

And a bunch of other bullshit in the appraisal process now that i wont bore you with.

Do i think these issues were the main reason for the housing crash? No. Do i think it assisted in it and created conditions for it to fail? absolutely.

Will this happen again? Maybe. We'll see. Prices are already getting out of control, the rental market is abysmal, and apparently the unemployment rate is 42% and interest rates are starting to increase.

We'll see what happens.

Thanks for replying. Obviously you have a lot more knowledge of the appraisal world than I do, so it's good to hear from somebody who does this day after day that a piece of legislation did some good.

I guess part of me is skeptical that some of those changes were the result of the legislation itself. Didn't a lot of those practices stop much earlier as the financial crisis began to dawn and those risky/aggressive practices stopped being financially viable even in the short term? Dodd-Frank wasn't signed until 2010, and to my knowledge, most of those practices had already been sidelined long before the legislation.

Again, I'm not arguing for or against a repeal of Dodd-Frank. It depends what exactly the Republicans plan to do in its place. I just think that fears that its repeal will lead us inexorably back to another financial collapse are vastly overstated.

There will be future crises, to be sure, and a few years after they pass we'll get new legislation that prevents the previous crisis from happening.

[pepperwhiteMFC]

[LoathedVermin72]

I wish I had this confidence

[bada]

I wish I had this confidence

Trump will win a few but I think history will look back at the Trump presidency as a great victory for our system of government. If anything it will only increase this system of governments standing in the world. The checks and balances, the protests and the like lined up against a president with authoritarian inclinations who is rendered mostly powerless to do anything about it is an inspiration....or he'll blow up the world.

[pepperwhiteMFC]

I wish I had this confidence

All we can hope for is for the Judicial branch to exercise its power to neutralize the Executive branch. The rate in which he's cranking out EOs means a lot of work has to be put into it all at once. Hopefully fatigue won't set in.

[dimejinky99]

Wonder how long it is before Trump changes the US national anthem to all hail the mighty leader.