rushmc 23 #51 September 18, 2008 Quote Quote I think not How true, how true. shake it outit will feel better"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
livendive 8 #52 September 18, 2008 Quote Only a revision of history will put this on Bush, Clinton and the Dems in control have to wear this one, but they will not because the media does not want them too You realize that Bush and the Republicans had the white house AND congress for six consecutive years, including the 19 months following McCain's statement you quoted above, right? Blues, Dave"I AM A PROFESSIONAL EXTREME ATHLETE!" (drink Mountain Dew) Quote Share this post Link to post Share on other sites
rushmc 23 #53 September 18, 2008 QuoteQuote Only a revision of history will put this on Bush, Clinton and the Dems in control have to wear this one, but they will not because the media does not want them too You realize that Bush and the Republicans had the white house AND congress for six consecutive years, including the 19 months following McCain's statement you quoted above, right? Blues, Dave Yes, did that stop Schumers ability to stop any changes?"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
billvon 3,133 #54 September 18, 2008 >Ok, when and what congress pushed to put into place the rules and >oversite that caused this mess? Which mess? Fannie Mae? The 90th Congress (1968.) Freddie Mac? The 91st Congress (1970.) >Who worked hard to make sure their money supply from these two >"companies" was not interupted? Phil Gramm, who lobbied hard in 1999 to repeal several of the regulations that prevented predatory tactics used by lenders and brokers to place homeowners in high-cost mortgages. Google the Gramm-Leach-Bliley Act. >Who is using those that gained the most from these failed comanies as >his head economic advisers. That's easy - the CEO's of Fannie Mae, Freddie Mac and AIG. >I am not exactly sure what your snide remark means . . . It means that McCain is contradicting himself. >but this history has not had time to be changed yet by those getting >caught and that gained the most? Couldn't parse that one, sorry. I'm sure it's a slam on Obama, so consider the obligatory slam made. >Only a revision of history will put this on Bush, Clinton . . I congratulate you for blaming Clinton so soon in the discussion. Quote Share this post Link to post Share on other sites
rushmc 23 #55 September 18, 2008 Quote>Ok, when and what congress pushed to put into place the rules and >oversite that caused this mess? Which mess? Fannie Mae? The 90th Congress (1968.) Freddie Mac? The 91st Congress (1970.) >Who worked hard to make sure their money supply from these two >"companies" was not interupted? Phil Gramm, who lobbied hard in 1999 to repeal several of the regulations that prevented predatory tactics used by lenders and brokers to place homeowners in high-cost mortgages. Google the Gramm-Leach-Bliley Act. >Who is using those that gained the most from these failed comanies as >his head economic advisers. That's easy - the CEO's of Fannie Mae, Freddie Mac and AIG. >I am not exactly sure what your snide remark means . . . It means that McCain is contradicting himself. >but this history has not had time to be changed yet by those getting >caught and that gained the most? Couldn't parse that one, sorry. I'm sure it's a slam on Obama, so consider the obligatory slam made. >Only a revision of history will put this on Bush, Clinton . . I congratulate you for blaming Clinton so soon in the discussion. If the shoe fits. I see you left out some key facts but I understand. but if you care to look some more please look up what law was changed in 1997 that put most of what has happened today into motion"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
billvon 3,133 #56 September 18, 2008 >but if you care to look some more please look up what law was changed >in 1997 that put most of what has happened today into motion. Actually, the 1999 law was the biggest single change in predatory lending regulation in quite a while. Quote Share this post Link to post Share on other sites
rushmc 23 #57 September 18, 2008 Quote>but if you care to look some more please look up what law was changed >in 1997 that put most of what has happened today into motion. Actually, the 1999 law was the biggest single change in predatory lending regulation in quite a while. 97 is when the key law was changed ..."America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
billvon 3,133 #58 September 18, 2008 >97 is when the key law was changed ... Whatever. I don't listen to Rush Limbaugh so I won't try to follow the byzantine turns of that rationale. Quote Share this post Link to post Share on other sites
rushmc 23 #59 September 18, 2008 Quote >97 is when the key law was changed ... Whatever. I don't listen to Rush Limbaugh so I won't try to follow the byzantine turns of that rationale. Didnt get it from RushActually heard Robert Rousch (dont know the spelling for sure) as he blamed Clinton on either ABC or CNN"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
kallend 2,184 #60 September 18, 2008 QuoteQuote>. A few years back McCain and the Bush Admin requested that congress >change the oversite of Fannie and Freddie and predicted exactly what has >happened today. This too is easy to verify. It is indeed. McCain, a year ago: "But so, in this whole new derivative stuff, and SIBs and all of this kind of new ways of packaging mortgages together and all that is something that frankly I don’t know a lot about. . . But I don’t know of hardly anybody, with the exception of a handful, that said ‘wait a minute, this thing is getting completely out of hand and is overheating.' So, I’d like to tell you that I did anticipate it, but I have to give you straight talk, I did not." Looks like McCain is calling you a liar. “If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.” –John McCain, May 26, 2005 I think not So why didn't he co-sponsor the bill in the following Congress? Same bill came up, McCain conspicuously absent from the list of sponsors. Barney Frank got the House version passed.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
livendive 8 #61 September 19, 2008 QuoteQuote>but if you care to look some more please look up what law was changed >in 1997 that put most of what has happened today into motion. Actually, the 1999 law was the biggest single change in predatory lending regulation in quite a while. 97 is when the key law was changed ... A review of the headers of laws passed by the 105th Congress doesn't point me in any particular direction to verify your claim. Given that I can't find whatever law it is you're referencing, all I can say is that the legislature writes laws. In 1997, the GOP controlled the legislature. In fact, the GOP controlled the legislature every year from 1997 to 2007, and they also controlled the White House for 7 of those 10 years. So how is the meltdown that started showing itself in 2007 the fault of the Democrats? And how is the guy who tried to suspend ALL federal regulations in 1995 and who still claims himself to be a "de-regulator" the knight in shining armor? Blues, Dave"I AM A PROFESSIONAL EXTREME ATHLETE!" (drink Mountain Dew) Quote Share this post Link to post Share on other sites
rushmc 23 #62 September 19, 2008 QuoteQuoteQuote>but if you care to look some more please look up what law was changed >in 1997 that put most of what has happened today into motion. Actually, the 1999 law was the biggest single change in predatory lending regulation in quite a while. 97 is when the key law was changed ... A review of the headers of laws passed by the 105th Congress doesn't point me in any particular direction to verify your claim. Given that I can't find whatever law it is you're referencing, all I can say is that the legislature writes laws. In 1997, the GOP controlled the legislature. In fact, the GOP controlled the legislature every year from 1997 to 2007, and they also controlled the White House for 7 of those 10 years. So how is the meltdown that started showing itself in 2007 the fault of the Democrats? And how is the guy who tried to suspend ALL federal regulations in 1995 and who still claims himself to be a "de-regulator" the knight in shining armor? Blues, Dave Oh how fast you forget so as to support your spin. McCain is not my knight is shining armor. He is far far from it. Given what he is running against leaves me little choice as for whom I must cast my vote. That being said, it does not surprise me that law I speak of, that Clinton pushed and signed, is not easiy identified by you. Why? cause you cant have your knight ins shinning armor get any blame for anything at all........."America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
livendive 8 #63 September 19, 2008 Quote That being said, it does not surprise me that law I speak of, that Clinton pushed and signed, is not easiy identified by you. Why? cause you cant have your knight ins shinning armor get any blame for anything at all......... Well, I don't think I biased my search in favor of Clinton. I went to the Government Printing Office's page of all bills passed by the 105th Congress, starting reviewing them one at a time till I realized how long that was going to take, then started searching for obvious terms in the title, like loans, lending, housing, homes, etc. If you have a better term for me to look for, I'll gladly chase it down. Blues, Dave"I AM A PROFESSIONAL EXTREME ATHLETE!" (drink Mountain Dew) Quote Share this post Link to post Share on other sites
rushmc 23 #64 September 19, 2008 QuoteQuote That being said, it does not surprise me that law I speak of, that Clinton pushed and signed, is not easiy identified by you. Why? cause you cant have your knight ins shinning armor get any blame for anything at all......... Well, I don't think I biased my search in favor of Clinton. I went to the Government Printing Office's page of all bills passed by the 105th Congress, starting reviewing them one at a time till I realized how long that was going to take, then started searching for obvious terms in the title, like loans, lending, housing, homes, etc. If you have a better term for me to look for, I'll gladly chase it down. Blues, Dave I will see if I can find the bill number again. I had it not too long ago"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
